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RESOLUTION NO. 79-217 PAGE SEVEN e. No more than thirty five percent (35%) of the aggregate principle amount of all loans made in the residential rehabilitation area may be for residential infill construction or acquisition financing. REHABILITATION OF RESIDENCES OUTSIDE OF RESIDENTIAL REHABILITATION AREAS 1. Rehabilitation of residences located outside of residential rehabilitation areas is authorized when the following qualifications are met: a. The City Council determines that the residence proposed for rehabilitation is located in an area determined by the City Council to be a stable and viable residential neighborhood; and b. The City Council determines that re- habilitation of the proposed residence is econom- ically feasible; and c. Dwelling units rehabilitated within the residence with financing under the Act are committed for the period during which the loan is outstanding for occupancy by persons or families who are eligible for financial assistance specifically provided by a governmental agency for the benefit of occupants of the residence. 2. Prior to selection of such a residence, the designated official shall: a. consult with the affected owners and residents to provide an opportunity for partici- pation by them in the designation of dwelling units to be rehabilitated and in the planning of the proposed rehabilitation, and b. prepare and file with the City of Santa Ana a recommended rehabilitation plan for such proposed residence, and c. following the filing of such recommended rehabilitation plan, hold an administrative hearing thereon, notice of which shall be given (i) at least seven (7) days prior thereto by mail to the affected owner at the address shown on the latest equalized assessment roll; (ii) by publication one time in a newspaper of general circulation circulated in the proposed residential rehabilitation area; and (iii) by such other means of dissemination as may be deemed appropriate by the designated official or his designee to reach the residents of the proposed residential re- habilitation area. 3. Following the conclusion of the administrative hearing, the City Council may, by resolution, select such proposed residence for rehabilitation upon determining that such residence qualifies as provided hereinabove in Section 1 of Part H and approving the rehabilitation plan.