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severely impacted. <br />Since governmental restrictions may constrain the production of affordable housing, the City of Santa <br />Ana continues to monitor, analyze and address, as necessary, governmental regulations, land use <br />controls and residential development standards that affect the production and preservation of <br />affordable housing. <br />The Housing Needs Assessment also identified stringent criteria jr� fhei <br />continues to this day even after the 2010 foreclosure crisis ha ed, <br />and control of City -AAA, <br />,rosu policy. In some instances, issues revolvirrgroun,� ; <br />payment, credit history, employment history) affect t�hg�—aability o <br />Market factors that tend to restrict affordable houssth oduction are: <br />costs, and the availability of financing.` <br />In an effort to mitigate these barriers, the City of <br />mortgage origination process that <br />which also is outside the scope <br />ersonal finances (lack of down <br />ffp5dable housing for residents. <br />hlfl ji nd costs, high construction <br />the folloiv"MR actions: <br />• City Council adopted an inclusion aryFtbusi�g ordinance ikferred to as the Housing Opportunity <br />Ordinance (H00) that requires eitliY10 P0'ly5% of all rieipits in Santa Ana to be affordable <br />to very low- and loanc m.,e househ'fids �yQ� <br />• The City utilizes 1pjtEtl plfMC resourcls'�p fundJje delopmei and/or the acquisition and <br />rehabilitation lintal house g units. Thls1 ui5IR�assistancd;l ill result in lower rents for assisted <br />units thus partially setting1 impacts k`some of the barriers listed above. <br />• The Ci`y Housing Aut ip4i, tonb %c s outre %tq rental property owners to encourage <br />Discussion: <br />The City is evaluating <br />changes to the Ordina <br />of the inclusionary housing ordinance and plans to recommend <br />Annual Action Plan <br />2019 <br />!Z <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />75C-54 <br />