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Economic & Planning Systems, Inc.21 <br />AFFORDABLE HOUSING’S UNIQUE FINANCING STRUCTURE <br />1 Soft Loans to City / County Not Repaid <br />Payments to the public lenders are the first to be missed or delayed. <br />3 Resident Services CutAfter-school programs, on-site staff, transportation, and community events are reduced. <br />4 Other Debt & Reserves Impacted <br />Other obligations go unpaid and replacement reserves are depleted — less cushion for emergencies. <br />Critical Maintenance DeferredRoof, plumbing, electrical, HVAC, and structural repairs get pushed back.2 <br />PROJECT FINANCIALLY AT RISK <br />Operating deficits grow and affordability is jeopardized. 5 <br />Increasing <br />Financial <br />Burden <br />$ <br />$$ <br />$$$ <br />$$$$ <br />$$$$$