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Affordable Housing Land Banking <br />Project Category:County Capital Project Status:Active Project Type <br />Functional Service <br />Area:Human Services <br />Proposed Bid <br />Award Date:N/A New <br />X <br />Department:Housing and Community <br />Development Starting Date:N/A Expansion X <br />Project Number:10056 Completion Date:N/A Renovation <br />Replacement <br />Project Description/Justification:There is no funding planned in FY 2019-20. Funding of $1,000,000 in <br />FY2016-17 was to add funds to the land banking program for affordable housing opportunities. The program <br />was established by the BOCC in the FY2015-16 budget process to address land banking of manufactured <br />homes parks, and/or to assist in the aquisition of property for future residential development as an affordable <br />housing alternative. <br /> <br /> <br /> <br />FINANCIAL SUMMARY <br />Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br />Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br />Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10 <br />Expenses <br /> Professional Services - <br /> Construction/Repairs/Renovations - <br /> Land Acquisition 2,000,000 - <br />- <br /> Total Project Budget 2,000,000 - ------- <br />Funding Sources <br /> Transfer from General Fund - <br /> Transfer from Other Projects - <br /> Debt Financing 2,000,000 - <br /> Bond Proceeds - <br /> Total 2,000,000 - ------- <br />Impact on Operating Budget <br /> Personnel Services - <br /> Operations - <br /> Recurring Capital <br /> New/Add'l Revenue -- <br /> Total Operating Costs ------- <br />179