Laserfiche WebLink
Housing Division Quarterly Report <br />February 20, 2024 <br />Page 3 <br />4 <br />0 <br />4 <br />0 <br />•Staff conducted one (1) virtual workshop via Zoom together with NeighborWorks <br />of Orange County with a total of nine (9) attendees. These workshops are <br />conducted every second Tuesday of the month. <br />•On October 3, staff participated in the PNC Bank Homebuyer Workshop event at <br />the Boys and Girls Club of Santa Ana. Staff had the opportunity to present <br />information on the program, set up a resource table at the event, and answer <br />questions regarding the program. <br />•On October 7, staff participated in the Santa Ana Mid-Autum Festival event at <br />Centennial Park, providing information to attendees. <br />•On October 12, staff attended the Affordable Housing Clearinghouse Community <br />Reinvestment Forum event at Santa Ana Community College – Johnson Student <br />Center to learn more about Expanding Affordable Homeownership Opportunities <br />in Orange County. <br />•On October 14, staff participated in the Madison Park – 18th Annual Walk-A- <br />Thon, Resource Fair, and Cultural Festival Community Event. Approximately <br />150 attendees stopped by our booth requesting information on our downpayment <br />assistance program. <br />•On October 21, staff participated on a panel at the NeighborWorks Home Buyer <br />Fair at the Anaheim Downtown Community Center and provided a resource <br />table. Attendees had the opportunity to meet with different lenders and learn <br />about different first time home buying programs available throughout the county. <br />•On November 20, staff provided information on the Down Payment Assistance <br />Program at the Santa Anita Neighborhood Association event at Cesar Chavez <br />Campesino Park. <br />As a result of these efforts, four (4) down payment assistance loan applications were <br />approved and four (4) closed escrow. <br />In December, the City of Santa Ana’s Down Payment Assistance program was awarded <br />a “Turning Red Tape into Red Carpet Award” from the Orange County Business Council <br />(OCBC). The City’s OCBC award was in the category of Building and Land Reuse and <br />Community Revitalization. <br />Loan Portfolio Management and Monitoring <br />The Housing Division is responsible for managing the residential loan portfolio, which <br />includes all of the loans entered into by the City and Housing Authority acting as the <br />Housing Successor Agency. As of the end of the second quarter, the principal balance <br />was $149,808,101.80. This portfolio is comprised of 346 loans, of which 324 are <br />deferred or residual receipt payment loans. As shown in Table 2, the loan portfolio <br />generated $677,654.47 in payments of principal and interest during the second quarter. <br />The amount of residual receipts payments changes every quarter.