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one of the §? projects surveyed offered VA financing, while all had conventional financing available. Prices ranged from a $S1,950 (927 square feet, two bedroom, one bath) home at Countryside-Lake Forest to a $265,000 (S,400 square feet, four bedroom, S½ bath) home at Promentory Bay in Newport Beach. The average base price of the single-family (detached) dwelling units was $55,176 in Santa Ann and. $65,5~2 in the south and east Orange County area (includes Santa Ann). The average base price of condominium and planned unit development dwelling units was $S4,?0S in Santa Ann and $§2,2S9 in the south and east Orange County area. As illustrated in Tables V-4, V-§, and V-6,. the averag$ selling price of a new single- family (detached) dwelling Unit in 0range County was approxiz mately $55,500 and the average selling price of a new condo- minium unit was approximately These facts illustrate that Santa Aha tends to have a lower unsold inventory of new dwelling units, and that new units sell for less than in the County as ~ whole. If these trends persist, Santa Aha will continue to capture a larger portion of the relatively low-priced housing stock in the County and. tend to concentrate a larger portion of lower-income groups in the City.' Comparing Table IV-6 (Percentage Distribution of Income Before Taxes in the ~anta Ann Housing Submarket Area) and Table V~7 (Orange County Itemized Housing Expenditures Based on Median Housing Prices and Monthly Costs), approximately 96 percent of the families presently living in Santa Aha were unable to afford the average priced new single family dwelling unit offered for sale in O~ange County during 1974. Regarding planned unit developments, comparing Tables IV-6 and V-5, approximately 81 percent of the families presently living in Santa Aha were unable to afford the average-priced new PUD dwelling unit offered for sale in the County during 1974. As illustrated by the data, the Orange County housing market conditions and incomes of residents of Santa Aha combine to (1) constrain low-income families in Santa Aha, and (2) relocate presently non-Santa Aha, low-income residents in Santa Aha. Since low-income families have a smaller amount of money to spendon maintenance, repair, and rehabilitation of' units, the present, worsening conditions tend to accelerate deterioration of Santa Ann's housing stock. HOUSING NEEDS As indicated earlier, When a household acquires a home or apartment, it obtains much more than a dwelling. The household obtains · 0'00078