2003-11 CRA - Laserfiche WebLink

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LES 8/26/03 affordable housing outside of redevelopment project areas can be of direct benefit to those projects in assisting the accomplishment of project objectives. E. Pursuant to Section 33334.2(g) of the Community Redevelopment Law, the Agency may use Housing Funds to assist in the prevision of housing for Iow- or moderate-income households outside the Redevelopment Project area if such use will be of benefit to the Redevelopment Project, and the Legislature has further found and declared that the provision of replacement housing pursuant to Section 33413 is always of benefit to a project. F. The Agency is using Housing Funds to assist Habitat for Humanity of Orange County, a non-profit corporation ("Habitat"), in the purchase of certain real property located at 641 E. Adams (the "Property"), which is located outside the Redevelopment Project area. G. In order to implement the Redevelopment Plan, the Agency has agreed, subject to the approval of the City Council, to assist Habitat with the purchase of the Property pursuant to the terms and provisions of an Affordable Housing Partnership Agreement (hereinafter referred to as the "Agreement") between the Agency and Habitat, which is on file in the office of the Executive Director of the Agency, in which the Property is described. H. The Agency has duly considered all of the terms and conditions of the proposed sale, and believes that the proposed sale is in the best interests of the City and the health, safety, morels and welfare of its residents, and in accord with the public purposes and previsions of applicable state and local laws and requirements; and I. The Agreement contains all of the provisions, terms, conditions and obligations required by the state and local laws, including long-term affordability covenants benefiting the Agency. J. Habitat for Humanity possesses the qualifications and financial resources necessary to acquire and insure development of the Property as a single-family home to be sold to qualified very-low income families in accordance with the purpose and objectives of the Redevelopment Plan. K. The Agency has held a public hearing on the proposed Project and the Agreement as required for a small housing project by Section 33433(c) of the Community Redevelopment Law, after having duly provided notice of such public hearing in accordance with state law.