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CITY OF SANTA ANA 2008-2009 ANNUAL ACTION PLAN ^ Rehabilitation, not refinancing, must be the primary eligible purpose for the use of HOME funds. To ensure that this requirement is met a minimum level of rehabilitation of $15,000 per unit is required. ^ A review of management practices will be undertaken by the City to determine that disinvestment in the property has not occurred, that the long term needs of the project can be met, and that the feasibility of serving the targeted population over the extended affordability period can be demonstrated. During FY 2004-2005, program guidelines were developed to implement an ADDI- funded homebuyer assistance program. Pursuant to ADDI regulations, funds will be utilized to provide down payment assistance for eligible households. In addition to marketing the program citywide, and in various languages, Housing Choice Voucher rental assistance recipients and residents currently residing in manufactured housing will be targeted. In order to ensure participating households are suitably prepared to become homeowners, all participants will be required to attend pre- and post- ownership training provided by a HUD-authorized housing counseling center. Furthermore, to ensure compliance with the housing affordability terms of 24 CFR 92.254, the City will impose a recapture provision that will recoup all of the HOME assistance provided to a homebuyer if the housing unit does not continue to be the principal residence of the program participant during the period of affordability. As required by the HOME program, the City has implemented an Affirmative Marketing program for all projects with five or more HOME-assisted units. This is to insure that multi-family owners receiving HOME funds will inform and solicit rental applications from persons in the housing market who are not likely to apply for the housing without special outreach. As also required by the HOME Program, the City has adopted a Minority Outreach Program. This is to ensure minorities- and women- businesses are provided the opportunity to participate in HOME-funded activities. 35 4/16/08 19E-47