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JT25K - LOAN AGMT HOUSING DEV.
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01/18/2005
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JT25K - LOAN AGMT HOUSING DEV.
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Last modified
1/3/2012 4:59:32 PM
Creation date
1/12/2005 10:45:10 AM
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City Clerk
Doc Type
Agenda Packet
Item #
JT25K
Date
1/18/2005
Destruction Year
2010
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<br />Relocation Plan for the OHDC 901 East 6th Street Project <br /> <br />that are available in most homes. The weekly rates for these units are from $245-$511 and <br />are a less desirable choice for the length of stay needed for temporary displacees. The <br />median weekly rate expected at the time of displacement is $385 for a studio suite with a <br />full kitchen allowing up to four people in a room. It is anticipated that larger families will <br />require two such rooms to satisfy the decent, safe and sanitary requirements of temporary <br />replacement housing. <br /> <br />Since it is anticipated that six units at a time will be rehabilitated, it is expected that there <br />will be adequate temporary facilities to house the occupants. <br /> <br />Concurrent Displacement <br /> <br />The Santa Ana Community College Expansion Project undertaken by the Rancho Santiago <br />Community College District is expected to result in a permanent displacement of <br />approximately 55 households. Its location is about two miles west from the 6th Street <br />Project. Given its location and the minimal expected off-site replacement housing <br />requirements of the 6th Street Project, it should be easy to satisfy both projects by existing <br />market opportunities. <br /> <br />Prepared by Overland, Pacific & Cutler, Inc. <br /> <br />Page 9 <br /> <br />JT25K-18 <br />
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