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affordable housing. <br />The Housing Needs Assessment also identified stringent criteria In the mortgage origination process that <br />continues to this day even after the 2010 foreclosure crisis has ended, which also is outside the scope <br />and control of City policy. In some instances, issues revolving around personal finances (lack of down <br />payment, credit history, employment history) affect the availability of affordable housing for residents. <br />Market factors that tend to restrict affordable housing production are: high land costs, high construction <br />costs, and the availability of financing. <br />In an effort to mitigate these barriers, the City of Santa Ana has 40.A.9rtaken the following actions: <br />Discu! <br />City Council adopted an inclusionary housing <br />Ordinance (H00) that requires either 10% or <br />to very low- and low-income households. agd, <br />lel <br />The City utilizes limited public resources tb�fy <br />rehabilitation of rental housing units. This pi <br />li efe.'f[ed to as the Housing Opportunity <br />`tti,NR'l : . <br />new uhlUn Santa Ana to be affordable <br />the development <br />Annual Action Plan <br />2018 <br />OMB control No: 250&0117 (exp. 06/30/2018) <br />60C-43 <br />result i <br />s listed <br />acquisition and <br />rents for assisted <br />owners to e <br />39 <br />