Proposed SAHA Fiscal Year Consolidated Budget

SAHA FY 2010 Priorities: Responsibility, Performance and Transparency Engage in a Board Led Strategic Planning Process Conduct and complete independent assessments and develop effective internal control systems to meet accountability and transparency goals Harness partnerships to respond to housing needs of SAHA communities Expand community economic development efforts in a coordinated manner  Youth and Adult Educational and Employment Services  Community and Social Services Launch enhanced staff performance evaluation system and professional development activities Collaborate with other Public Housing Agencies for Best Practices

Budget Process December Staffing Plans made available to SAHA Departments January Staff budget training and data entry February 2009  Operating Budgets reviewed by Finance  Operating Budgets finalized by Management staff March 2009  Analysis of Operating Budgets by Management Staff  Staffing Plans presented to Executive Management team April 2009  Budget review by Management Staff  Departmental performance goals and budget presentations to CEO May 2009  Budget Revisions and Preparation of Board Packet  Budget Workshop for Board of Commissioners held on May 20, 2009  Finance Committee Review on May 26, 2009 June Consolidated budgets presented to Board for consideration and approval July Budgets Implemented

Financial Assumptions & Principles Higher Funding for Housing Assistance Programs  Public Housing: Higher Operating Subsidy funding (4%) due to inflation + new units  Section 8: Housing Assistance funding increased by 16%, from $67M to $78M  Non-Profit Portfolio: Higher rental revenue (9.2%) due to increased leasing Increases in Operating Expenses  Salaries and Benefits: 2% COLA + 1% Merit + Werling Study  Insurance costs up by 10%  Utilities costs up by 6% due to inflation + increased consumption  Creation of additional Central Office Cost Units Compliance and Process Improvement Facilities and Construction Services Business Units Must Operate at Breakeven or Better Budgets Should Be Aligned to Meet Performance Goals

Proposed Consolidated Budget

Proposed Consolidated Sources and Uses

Proposed Operating Sources and Uses

Operating Expenses by Line of Business Central Office Cost Center (24%) Compliance & Process Improvement6% Prorated Front Line Costs13% Fee For Service20% Property Management10% TNT Administration6% Finance and Accounting13% Human Resources7% Executive10% Other15%

Top 10 Budget Expenses Account Category2009 Annualized 2010 BudgetDifference Salaries & Benefits $ 26,013,187 1 $ 29,368,21413% Electricity 3,204,031 3,495,407 9% 2 Water 2,243,337 2,359,7235% Lawn Services 1,124,553 1,164,0314% Sewer 1,112,890 1,149,4933% Consulting Fees 1,648,073 1,125,998-32% Property Insurance 1,042,754 1,085,0794% Protective Services 1,029,038 1,065,9694% Solid Waste Disposal 1,007,256 1,023,7272% Unit Make Ready 879, ,6445% 1 Lower annualized figure due to vacant positions 2 Higher costs related to inflation and additional units

SAHA Housing Programs Individuals and Families Served Program Available Units Currently Utilized Percentage Utilized Total Population Served Section 8 * 12,78811,84193%34,665 Public Housing6,0485,88297%14,159 Non-Profit2,7742,37586%7,490 Affordable Housing Partnerships3,4493,17392%9,312 Total25,05923,27192% 65,626 SAHA brings $122 Million in federal funding to the local economy to provide housing assistance to over 65,626 children, adults, and senior citizens. * Includes HCV & Special Programs

Real Estate Services Performance Goals Project Council District Total Units Tax Credit Units Public Housing Units Market Rate UnitsCompletion Date Total Development Costs (In Millions) Pre-Development Pipeline Sutton I Closed - May, 15, 2009 Completion - August 2010 $ 24 Converse Ranch II (Acq.)County Closing - May 30, The Mirabella Closing - September San Juan Square III Closing - October Medio SpringsCounty Closing - May Construction Pipeline Artisan at San Pedro Creek March Durango Midrise June San Juan Square II February Artisan Park Phase 2B Pending Bank Approval 26 Total 1, $ 186

Complete Utility Upgrade Contracts by November 2009 for Alazan, Lincoln, Wheatley and Cassiano Capital Fund - Obligate 100% 2007 CFP by September 2009  Complete Blanco Remediation Contract by September 2009  Complete Multiple Shingle Roofing Contracts by March 2010  Complete Multiple Modified Roofing Contracts by March 2010 Responsibly Administer Stimulus Funds on Approved Projects  Obligate 100% of funds by March 2010  Expend 60% of funds by March 2011 Compete for Stimulus Funding Competitive Round Construction Services Performance Goals