Laserfiche WebLink
Median Gross Rent in Santa Ana based on Year Built <br />3000 <br />2500 <br />2000 <br />1500 <br />1000 <br />500 <br />0 <br />�m4oy2 100 10y0 1":01 4A11 1°100 1°j00 ryO00 ti010 10�Pa <br />o" o" o" o" o" o" o" ca <br />19�9 10P 1�h 106 1p11 1,0 1(0 ry�OO ryQ1 010� <br />ti <br />(ACS 5V 2010 - 2C18 Estimates Table B25111) <br />HOO funds from these higher end units are the City of Santa Ana's primary means by which it <br />supports the building of affordable housing. In the coming months the Santa Ana Arts Collective <br />and Tiny Tim Plaza projects funded by HOO fees will be completed. We have no doubt that each <br />of the Council Members that voted to cut their source funding will also show up to cut the <br />ribbons on opening day. <br />Conclusion and Policy Recommendations <br />The City Council's dismantling of the HOO will provide an unnecessary giveaway to developers <br />while robbing itself of vital resources for affordable housing. Santa Ana is currently a hot real <br />estate market. The City Council should take advantage of Santa Ana's position in the market, <br />rather than squandering it, to strengthen its affordable housing stock while adding to housing <br />production. Otherwise, the City Council is exacerbating the displacement of their own residents <br />for no recognizable benefit. We recommend the following alternatives: <br />1. If the concern is truly about spurring construction during the pandemic, the proposed <br />fee reduction should be applied as a temporary administrative measure. This option is <br />already within the powers of the City Council to direct and approve without changing the <br />rest of the ordinance. <br />