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September 18, 2018 <br />Mayor Pulido and City Councilmembers <br />City of Santa Ana <br />20 Civic Center Plaza <br />P.O. Bo 1988, M31 <br />Santa Ana,CA 92701 <br />RE: Consolidated Annual Performance and Evaluation Report <br />Support Development of a Tenant Based Rental Assistance Program <br />OCCORD <br />STRONG VOICE FOR A FAIR ECONOMY <br />OCCORD's mission is to bring workers, families and community partners together to <br />organize and advocate for good jobs, strong neighborhoods and an inclusive democracy <br />in Orange County. <br />The need for housing affordable to low-wage earners in Orange County, California, is <br />enormous. <br />Ranked among the top ten least affordable metropolitan areas in the countryhl, Orange <br />County is suffering from an affordable housing crisis. A resident must earn at least <br />36.08 per hour to afford a two-bedroom apartment at a fair market rent of $1,876 a <br />month.l23 As rents and the number of residents needing affordable homes have <br />continually increased, the number of affordable homes being built for lower income <br />households has not kept up with the demand. <br />The average asking rents is the City is $1,687, which is a nine percent increase from the <br />year before and rents are expected to continue to increasePl With lower wages that are <br />not keeping up with rising rents, many renting families continue to struggle financially to <br />live and work in this City. Approximately 60 percent of renter households are lower <br />incomeE41 and 84 percent of residents held moderate and low-income occupations that <br />paid less than $53,500 per yearPl In order for rent to be affordable, only 30 percent of an <br />individual's income should be used towards housing costs. Unfortunately, 57 percent of <br />renters overpaid or spent more than 30 percent of their income towards housing <br />eoSt6.161 <br />ISI Out of Reach 2018- The High Cost of Housing, National Low Income Housing Coalition, p. 14, 2018. <br />I21 Out of Reach 2018- The High Cost of Housing, National Low Income Housing Coalition, p. 38, 2018. <br />Ir O.C. Rents forecast to rise 9.4% by 2018. <br />I41 City of Santa Ana General Plan Housing Element 2014-2021, p. 14, January 2014. <br />IA City of Santa Ana General Plan Housing Element 2014-2021, p. 12, January 2014. <br />e] City of Santa Ana General Plan Housing Element 2014-2021, p. 20, January 2014.