Page 298 - FY 2021-22 Blue Book Volume 2

Accessible Housing Program

2020-21 2021-22
Adopted Proposed
Budget Budget
PROPOSITION HHH FUNDING

Proposition HHH Developments with HHH Funding – Funding up to this amount $ 25,064,664 $ 50,664,075
may be available for the construction of accessible units approved to meet the
conditions of Proposition HHH and funded by Proposition HHH Bond Proceeds.
Funding is subject to final project costs and other financing factors.*

Subtotal Proposition HHH Appropriations $ 25,064,664 $ 50,664,075

OTHER FUNDING

Proposition HHH Developments with Other Funding – Funding up to this $ 24,644,260 $151,992,225
amount may be available for the construction of accessible units approved to meet
the conditions of Proposition HHH and funded by nine percent and four percent Low
Income Housing Tax Credits, Federal HOME Investment Partnerships Program
Fund, State, County and other funds. Funding is subject to final project costs and
other financing factors.*

Subtotal Other Funding $ 24,644,260 $151,992,225

TOTAL APPROPRIATIONS $ 71,113,009 $ 236,586,345

* In 2020-21, funding available from Proposition HHH Bond Proceeds and Low Income Housing Tax Credits represented
funding for projects approved for one fiscal year’s Project Expenditure Plan (PEP). For 2021-22, funding available from
Proposition HHH Bond Proceeds and other funding sources are for projects approved from multiple PEPs with projected
expenditures in 2021-22. Additionally, funding from other sources in 2020-21 only represented Low Income Housing Tax
Credits, but represents funding from various other sources in 2021-22 to complete Proposition HHH projects.

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