Laserfiche WebLink
Community Development Agency <br />https://www.santa-ana.org/cd <br />Item # 7 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />May 4, 2021 <br />TOPIC: Quarterly Report for Housing Division Projects and Activities <br />AGENDA TITLE: <br />Quarterly Report for Housing Division Projects and Activities for the Period of January <br />2021 – March 2021 <br />RECOMMENDED ACTION <br />Receive and file the Quarterly Report for Housing Division Projects and Activities for the <br />period of January 2021 – March 2021. <br />DISCUSSION <br />This report for the quarter ending on March 31, 2021 provides statistics for all of the <br />affordable housing projects and activities for the Housing Division. The report is divided <br />into four sections: Loan Activity, Loan Portfolio Management and Monitoring, Affordable <br />Housing Funds and Commitments, and Development Projects. <br />Loan Activity <br />Applications <br />The Housing Division offers several different programs including down payment <br />assistance for first-time homebuyers and rehabilitation loans for mobile homes, single- <br />family, multi-family, and historic homes. Inquiries are received from the public and <br />applications are mailed out, received, and approved for these programs on a continual <br />basis. Table 1 shows the number of inquiries, applications sent out, received, and <br />approved by type for the quarter and for the total fiscal year. <br />Table 1: Applications Sent Out, Received & Approved <br />Inquiries Applications <br />Sent Out <br />Applications <br />Received <br />Applications <br />ApprovedProgram <br />Q3 Total FY Q3 Total FY Q3 Total FY Q3 Total FY <br />Single-Family Rehabilitation 12 36 10 32 1 1 0 0 <br />Mobile Home Rehabilitation 0 14 0 13 1 0 0 0 <br />Multi-Family Rehabilitation 0 0 0 0 0 0 0 0 <br />Historic Home Restoration 0 1 0 1 0 0 0 0 <br />Homeownership / DPAP 14 40 14 34 6 11 3 6 <br />Loan Subordinations 5 17 5 17 5 17 5 17