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80A - LOAN AGMTS ROSS & DURANT
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80A - LOAN AGMTS ROSS & DURANT
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Last modified
1/3/2012 4:49:20 PM
Creation date
12/28/2005 11:47:29 AM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
1/3/2006
Destruction Year
2011
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<br />Relocation Plan for the OHDC 1501 North Ross Street Rehabilitation Project <br /> <br />Asian 38 0.5% 29,778 8.8% <br />Native Hawaiian and Other Pacific 0 0.0% 1,160 0.3% <br />Islander <br />Some Other Race 4,367 53.0% 137,360 40.6% <br />Two or More Races 428 5.2% 15,492 4.6% <br />Hispanic or Latino (of Any Race) 7,773 94.4% 257,097 76.1% <br /> <br />Source: 2000 U.S. Census <br /> <br />4. Profile of Potentially Displaced Residents <br /> <br />Funding source requirements limit occupancy in the Project to those households <br />which earn less than 60% of the median income standard adjusted for family size <br />as established by the United States Department of Urban Development (HUD) (See <br />Exhibit B). Based upon the most currently available tenant income data, there are <br />5 households whose income exceeds the permitted limit at the 1501 North Ross <br />apartments. <br /> <br />Of the 5 Project households to be permanently displaced for not meeting the <br />qualifying income criteria to return to the rehabilitated Project units, 2 will require <br />studio replacement units, 1 will need a one-bedroom and 2 will be referred to the <br />two-bedroom units based on a typical occupancy standards allowing up to 3 persons <br />in a one-bedroom and up to 5 people in a two-bedroom unit. The average known <br />tenure of the 5 households in the Project is approximately 2 years. There are no <br />senior households (head of household 62 years or older) nor any reported <br />disabilities that could affect the relocation process. <br /> <br />When asked, most of the respondents prefer to remain in the Santa Ana <br />neighborhood to remain close to employment and schools children attend. <br /> <br />Prepared by Overland, Pacific & Cutler, Inc. <br /> <br />Page 9 <br /> <br />80A-19 <br /> <br />
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