CITY OF DURHAM

FY 2013 Actual FY 2014 Actual FY 2015 Actual FY 2016 Actual FY 2017 Actual 5-Year Actual
DEDICATED HOUSING FUND

REVENUES
General Property Taxes $ (2,352,078) $ (2,432,091) $ (2,462,821) $ (2,530,120) $ (2,751,637) $ (12,528,747)
Charges for Current Services $ (3,945) $ (19,546) $ (20,628) $ (64,394) $ (185,760) $ (294,273)
Transfer from the General Fund $ - $ - $ - $ - $ (805,430) $ (805,430)
Appropriation from Fund Balance $ - $ - $ - $ - $ - $ -
Revenue Totals $ (2,356,023) $ (2,451,637) $ (2,483,449) $ (2,594,514) $ (3,742,827) $ (13,628,450)

EXPENDITURES
Affordable Housing (see attached for breakdown) $ - $ 587,462 $ 156,914 $ 1,068,274 $ 735,540 $ 2,548,190

Financial Empowerment/Home Retention (multiple

vendors home repair) $ 106,937 $ 355,533 $ 64,152 $ 190,142 $ 169,857 $ 886,621

Homelessness Services (Rapid Re-Housing; Urban

Ministries, COC Admin) $ - $ 374,705 $ 252,406 $ 208,428 $ 177,460 $ 1,013,000

Neighborhood Revitalization-Southside West

(Prep/Infrastructure; Rehab/Replacement Housing; Rental
Rehab- Piedmont Project; Affordable Rental Housing-
Vulnerable Populations (Durham Housing Authority);
Southside West Targeted Acquisition; Southside West
Demolition, Homebuyer Assistance) $ 1,357,201 $ 1,358,943 $ 2,623,533 $ 652,958 $ 111,424 $ 6,104,059

Neighborhood Revitalization-Southside East

(Affordable Housing Grant to DHA) $ - $ - $ - $ - $ 1,195,213 $ 1,195,213

County Collection Fee $ 26,259 $ 23,208 $ 22,971 $ 23,466 $ 31,617 $ 127,521

Cost and Fees $ - $ 2,676 $ 4,862 $ 5,073 $ 3,322 $ 15,933

Special Contractual Services $ - $ - $ - $ - $ - $ -

Expenditures Totals $ 1,490,397 $ 2,702,527 $ 3,124,839 $ 2,148,341 $ 2,424,433 $ 11,890,536

Expense Less Revenues $ (865,626) $ 250,890 $ 641,389 $ (446,173) $ (1,318,394) $ (1,737,914)

Year-End Fund Balance $ (865,626) $ (614,736) $ 26,653 $ (419,520) $ (1,737,914) $ (1,737,914)

5/24/2017
BREAKDOWN OF AFFORDABLE HOUSING PROJECTS
FY 2014 FY 2015 FY 2016 FY 2017 # of
Vendor Name Activity Description Total
Actual Actual Actual Actual Units

Housing Loans First Time Homebuyers $ 520,000 $ - $ 300,000 $ - $ 820,000 41

Durham Community
West Park Apartments $ - $ - $ 52,720 $ 40,080 $ 92,800 10
Land Trustees
Durham Community Morehead Glenn
$ - $ - $ 165,819 $ 37,181 $ 203,000 20
Land Trustees Apartments
Woodland/Manor Mutual Manor
$ 12,630 $ 25,564 $ 104,387 $ 63,921 $ 206,502 18
Associates Appartments
Mathison Associates
Mathison Apartments $ - $ - $ 24,096 $ 54,398 $ 78,494 9
LP
Rockwood AH-1 LTD
Rockwood Cottages $ - $ - $ 144,124 $ 50,892 $ 195,016 20
Partnership
Vermillion Vermillion Apartments
$ - $ - $ - $ 193,506 $ 193,506 60
Homestead LLC (Cook Road)
Acquisition of 7 SWCD
Habitat for Humanity $ - $ - $ 81,629 $ 101,271 $ 182,900 7
properties
Construction of 8
Habitat for Humanity $ - $ - $ 96,979 $ 93,021 $ 190,000 8
NECD properties
Acquisition of 4 NECD
Habitat for Humanity $ - $ - $ 81,629 $ 101,271 $ 182,900 4
properties

Habitat for Humanity Substantial Rehab $ - $ 40,000 $ - $ - $ 40,000 1

Habitat for Humanity Foundation Faade $ - $ 38,250 $ - $ - $ 38,250 4

Construction cost 2
Habitat for Humanity $ - $ 53,100 $ 16,890 $ - $ 69,990 2
units Rosedale
AH-Inventory
Habitat for Humanity $ 54,832 $ - $ - $ - $ 54,832 1
Completion

Total $ 587,462 $ 156,914 $ 1,068,274 $ 735,540 $ 2,548,190 205