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SACReD 837 N Ross St Santa Ana, CA 92701 September 18, 2018 Mayor Pulido and City Councilmembers City of Santa Ana 20 Civic Center Plaza P.O. Bo 1988, M31 Santa Ana,CA 92701 RE: Consolidated Annual Performance and Evaluation Report Support Development of a Tenant Based Rental Assistance Program Dear Mayor Pulido and City Council Members, SACReD (Santa Ana Collaborative for Responsible Development) has experienced firsthand of what displacement looks like as some of our members have been affected by unjust rent increase and evictions. The need for housing affordable to low-wage earners in Orange County, California, is enormous. Ranked among the top ten least affordable metropolitan areas in the countryl'l, Orange County is suffering from an affordable housing crisis. A resident must earn at least $36.08 per hour to afford a two-bedroom apartment at a fair market rent of $1,876 a month. E21 As rents and the number of residents needing affordable homes have continually increased, the number of affordable homes being built for lower income households has not kept up with the demand. The average asking rents is the City is $1,687, which is a nine percent increase from the year before and rents are expected to continue to increase.l31 With lower wages that are not keeping up with rising rents, many renting families continue to struggle financially to live and work in this City. Approximately 60 percent of renter households are lower incomel"I and 84 percent of residents held moderate and low-income occupations that paid less than $53,500 per year.151 In order for rent to be affordable, only 30 percent of an individual's income should be used towards housing costs. Unfortunately, 57 percent of renters overpaid or spent more than 30 percent of their income towards housing costs.11 Colaborativo de Santa Ana por un Desarrollo Responsable Santa Ana Collaborative for Responsible Development