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. . . RESOLUTION NO, 2002-01 A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA AUTHORIZING THE IMPLEMENTATION OF THE HOMEOWNERSHIP OPTION UNDER THE HOUSING CHOICE VOUCHER PROGRAM AND APPROVING CHANGES TO THE ADMINISTRATIVE PLAN BE IT RESOLVED BY THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA AS FOllOWS: Section 1, The Housing Authority of the City of Santa Ana hereby finds, determines and declares as follows: A, The U,S, Department of Housing and Urban Development ("HUD") requires housing authorities that administer a Section 8 Rental Assistance program to have an Administrative Plan, The purpose of the Administrative Plan is to describe the Authority's policies and procedures, B, The Housing Authority of the City of Santa Ana adopted the Administrative Plan as required by HUD on April 3, 2000, C. HUD now allows housing authorities that administer a Section 8 program to implement a homeownership option, The homeownership option is used to assist a family residing in a home purchased and owned by one or more members of the family, D, The Housing Authority recommends adding a homeownership option under its housing choice voucher program and making changes to the administrative plan for the implementation of the homeownership option, Section 2, The Housing Authority hereby authorizes the establishment of a homeownership option under the housing choice voucher program and making changes to the administrative plan for the implementation of the homeownership option. Section 3, The Housing Authority of the City of Santa Ana hereby authorizes and empowers the Executive Director of the Housing Authority or his designee to execute in the name of the Housing Authority of the City of Santa Ana all Resolution No. 2002-01 Page 1 of 3