Officials estimate that a $1.7-billion cut in redevelopment funds as part of the state budget agreement would result in Los Angeles’ redevelopment agency losing $72 million this year, potentially putting 2,300 construction jobs at risk.

The agency says that the cut could mean the loss of more than $360 million in private investment that could leave the city if projects are halted because of the cut.

Among the threatened projects, according to the agency are a mixed-use affordable-housing project on the corner of Hollywood Boulevard and Western Avenue; a shopping center on Sherman Way in Reseda; the rehabilitation of the Orchard Gables Cottage historic site in Hollywood.

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