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<br />IV. HOME NARRATIVE STATEMENTS <br /> <br />A. ANALYSIS OF HOME FUNDS DISTRIBUTED AMONG DIFFERENT CATEGORIES OF HOUSING <br />NEEDS IDENTIFIED IN THE CONSOLIDATED PLAN <br /> <br />The City of Santa Ana has utilized its HOME funds to expand and preserve the City's <br />supply of affordable housing. According to City Finance Department, a total of <br />$6,882,704,76 in HOME funds was expended during the 2004-2005 report period <br />(including $273,527.06 expended for program administration), HOME resources were <br />utilized to assist both rental and owner units. These units were "home" to extremely <br />low-, very low- and low-income households. The table below provides a summary of <br />Santa Ana's distribution of HOME funds among different income categories of housing: <br /> <br /> <br />Extremely Low-Income <br />Very Low-Income <br />Low-Income <br /> <br />TOTAL <br /> <br />6 <br />5 <br />o <br />11 <br /> <br />34 <br />34 <br />21 <br />89 <br /> <br />The City vigorously sought to meet the objectives it had established as part of the 2004- <br />2005 Annual Action Plan; Table 2 summarizes these efforts. <br /> <br />B. MATCH REPORT <br /> <br />Recipient of HOME funds are required to match each HOME dollar spent during the <br />report period. Typically, a HOME Participating Jurisdiction (PJ) is required to match <br />HOME funds at a ratio of one non-federal dollar for every four HOME dollars spent (i.e. <br />25%). In June 2004, the City was notified by HUD that for the 2004-2005 Program <br />Year, the City's HOME match requirement has been reduced to 0% because the City's <br />"family poverty rate" was 125% or more of the average national poverty rate, and the <br />City's per capita income was less than 75% of the national average. Even though the <br />City does not have a match obligation, a record of eligible HOME match was <br />maintained (see Form HUD-4107A - Exhibit No.6). <br /> <br />1. Form HUD-4107A - Form HUD-4107A is incorporated into this report as Exhibit <br />No, 6. This report provides information regarding the City's efforts to match HOME <br />funds during the report period. According to IDIS (report No, C04PR33 dated <br />08/03105), the City's match obligation for the 2004 Program Year totaled $0, which is <br />consistent with the information outlined above. Despite the fact that the City did not <br />have a HOME match obligation, it still maintained a match log, which was used to <br />record an additional contribution of $208,629.50 in HOME-eligible match for the <br /> <br />39 <br /> <br />9/7/05 <br /> <br />190-43 <br />