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<br />CITY OF SANTA ANA <br />2006-2007 ANNUAL ACnON PLAN <br /> <br />- <br />PROGRAM DESCRIPTION ELIGIBLE ACTIVITIES <br />PRIVATE RESOURCES <br /> 1. Community Home Buyer Program - Fixed <br /> rate mortgages <br /> 2. Community Home Improyement Mortgage 0 Homebuyer Assistance <br /> Program - Mortgages for both purchase 0 Homebuyer <br />Federal National Mortgage and rehabilitation of a home Assistance/Rehab <br />Assoc. (Fannie Mae) 3. Fannie Neighbor - Under served low- 0 Expand Home Ownership <br /> income minorities are eligible for low for Minorities <br /> down-payment mortgages for the <br /> purchase of sinQle family homes <br />California Community Nonprofit mortgage banking consortium that 0 New Construction <br />Reinyestment Corp. pools resources to reduce lender risk in 0 Rehabilitation <br />I iCCRC) financino affordable housing <br /> 0 New Construction <br />Federal Home Loan Bank Direct subsidies to nonprofit and for-profit 0 Expand Home Ownership <br />deyelopers, and public agencies for affordable <br />Affordable Housing Program low-income ownership and rental projects for Lower Income <br /> Persons <br />Orange County Affordable 0 Construction Financing <br />Housing Clearinghouse Nonprofit lender consortium 0 Permanent Financing <br /> <br />ATTACHMENT 1 <br /> <br />19b-55 <br /> <br />4/20/06 <br />