Item HA-03 - Amended and Restated Regulatory Agreement for the Rehabilitation of Garden Court

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III. RELOCATION RESOURCES A. TEMPORARY HOUSING NEEDS The Owner's planned rehabilitation and scope of work for the unit upgrades will require 21 households every six months over three phases to move directly into renovated units as their new permanent Project units. Initially, a certain number of households will be required to move on -site into other Project units temporarily. Therefore, no off -site temporary housing will be required. B. PERMANENT REPLACEMENT HOUSING NEEDS AND AVAILABILITY Prior to the first phase of construction, 15 households will be required to move off -site as permanent relocations. (Nine of the 15 households are over -income households). Together with the six vacancies plus a certain number of Project households that will have to move to other units on -site, the permanent displacements will create 21 vacant units in one quadrant to allow for the remaining Project households to stay on -site during construction until it is time to permanently move into newly renovated units one quadrant at a time over three phases on a rolling basis. The income -qualified tenants who must permanently relocate off -site will have the first right of refusal to return to a Project unit after construction on the fourth and final quadrant has been completed. For residential housing, a resource survey was conducted to identify available comparable rental units within proximity to the Project site. The following sources were utilized: -- Classified rental listings from local newspapers and For Rent publications -- Internet sources of rental opportunities 1. Residential Rental Housing A replacement housing survey was conducted in May 2024 to look for available one-, two-, three- and four -bedroom apartments for rent in Santa Ana and in proximity to the Project site. This data as of the date of this Plan ultimately located within five miles of the Project site is summarized in Table 1 below and in Exhibit B. Table 1: Availability and Cost of Re lacement Rental Housing # of Bedrooms One Two Three Four # Found 24 24 18 4 Rent Range $1,995 - $2,728 $2,495 - $3,099 $3,200 - $4,299 $3,200 - $4,200 Median Rent $2,245 $2,775 $3,550 $3,975 The available units identified were in residential and mixed -use neighborhoods with access to restaurants, retail stores, medical facilities, social services, opportunities for employment, public transportation, parks, schools and opportunities for employment. The median rent amount shown in the table is among the figures used to make benefit and budget projections for the Plan. This amount is, naturally, subject to change according to the market rates prevailing at the time of displacement. 7