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For every $1 spent on affordable housing by <br />local governments, $3.64 is leveraged from <br />other sources <br />Providing Collective Understanding: <br />Leveraging Local Subsidy Exponentially <br />*Includes subsidy information for units which have already been awarded funding, not only those that are <br />planned which still need funding. <br />Source of Funding Total Dollars <br />Total Project Costs $52,868,733 <br />Total Projected Local Subsidy *$11,396,764 <br />Difference (Leveraged Resources) $41,472,019 <br />Multiplier Effect = 3.64 <br />(Based on Leveraged Dollars)