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Affordable Housing <br />AP -55 Affordable Housing — 91.220(g) <br />Introduction <br />As noted earlier, the most Important impediment to providing affordable housing is due to limited <br />Federal and State resources for affordable housing initiatives. The lack of programs and resources to <br />reduce excessive rent or mortgage burdens to qualified persons is;,a[,Ye"";y factor. <br />Another barrier to providing affordable housing in Santa AnIlls''ithd high cost of housing created by a <br />tIs c{l�t'9 <br />demand for housing, both existing and new, which exceeds,kh''6 currdRKsupply. Housing prices, both <br />ownership and rental, remain high, especially for low Mame householdh; <br />In addition, the cost of site acquisition is very high;ag1 djdevelopment costs ariMlio fiery high. These <br />factors make affordable housing construction expensl" Wand put aghrdable housmgbut of the reach of <br />low-income households. p .�r,u�'�s�"Ie <br />"nol f pStlHu � iY <br />9 1 {� <br />The Housing Needs Assessment also Iden (let} that s4ri nt cr tilfle In the mortgage origination process <br />a+ l�w M <br />I E <br />still remains, which also !so utside the scop'd h� coh't4 f{off ity poi k n some instances, issues <br />revolving around persona�,firfi es,(lack of fu'17c�s for a do payment; qor credit history) effect the <br />pl `��" n�g�e47(' life+' <br />availability of affordabl�itpusmgfgy a.ntaAnaresider?ts��R 14 s4: <br />In an effort to mitigate <br />- In 2015fiiCi1'TCb <br />Housing', Oortunity <br />to provide eit�yeT}10%of all <br />units to be affordable to lo) <br />�1. 41 <br />-The City utilized limlteRipt <br />rehabilitation of rental hot" <br />thus partially offsetting the <br />Ana hasti;hdertaken the following actions: <br />adopted aq,inc usiotiary housing ordinance referred to as the <br />'tl,. <br />;applies to re li htial projects with a zone change that allow <br />stere not previously allowed, and include more than 5 units, <br />f3�'t <br />to be3'��tgrdable to very -low income households or 15% of all new <br />Erces to fund the development and/or the acquisition and <br />i. This public assistance will result in lower rents for assisted units <br />of some of the barriers listed above. <br />-The City's Housing Authority conducted outreach to rental property owners to encourage participation <br />in the Housing Choice Voucher Program. <br />One Year Goals for the Number of Households to be Supported <br />Homeless 300 <br />Non -Homeless 0 <br />Annual Action Plan <br />2018 <br />OMB Control No: 2505-0117 (exp. 06/30/2018) <br />60C-36 <br />kPa <br />