Laserfiche WebLink
interest rate financing of privately-owned rental housing wheYe <br />more than 49 percent of the units are reserved for occupancy by' <br />low- and moderate-income persons. <br /> <br />Non-Governmental Constraints <br /> <br />Actual and potential non-governmental constraints on the production, <br />maintenance and improvement of housing include: <br /> <br />1. High land costs, high construction costs and high costs of <br /> borrowing inflate housing prices. <br /> <br />Recent rapid escalation of housing prices in Southern California <br />have led to increased speculation in the residential marketplace; <br />too often such speculation has been accompanied by <br />absentee-ownership and a lack of maintenance of the speculator- or <br />absentee-owned housing stock. <br /> <br />3. High costs of borrowing money tend to result in the deferment of <br /> housing maintenance and rehabilitation efforts. <br /> <br />The combination of economic factors producing high housing cost. <br />keep increasing numbers of families out of the sales housing <br />market, which tends to result in an expansion of the rental housing <br />stock, taking the form of re-use as rentals of <br />formerly-owner-occupied dwellings, resulting in gradual <br />deterioration of housing condition due to the lack of property <br />maintenance which often results from absentee ownership. <br /> <br />The population growth pressures exerted on the community have led <br />to serious overcrowding in the housing stock; overcrowding most <br />frequently leads to deterioration. <br /> <br />HOUSING OPPORTUNITIES <br /> <br />Land Available for Residential Development <br /> <br />Approximately 153.21+ acres of land in Santa Ana are currently vacant and <br />designated for resi~ntial use. Table D notes the cumulative availabiltiy <br />of such land by designation. The map on the page following Table D points <br />out the approximate locations of such vacant land. <br /> <br />16 <br /> <br /> <br />