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DRAFT <br />THE NSP SUBSTANTIAL AMENDMENT <br />Jurisdiction(s): City of Santa Ana, CA NSP Contact Person: Shelly Landry-Bayle <br />Address:20 Civic Center Plaza, M-37 <br />Jurisdiction Web Address: Santa Ana, CA 92701 <br />http://www.santa-ana.org/cda/default.asp Telephone (714) 667-2287 <br />Fax: (714) 667-2225 <br />Email: SLandry-Bayle@santa-ana.org <br />A. AREAS OF GREATEST NEED <br />Provide summary needs data identifying the geographic areas of greatest need in the <br />grantee's jurisdiction. <br />Response: <br />The NSP Program requires that jurisdictions give priority emphasis to areas of greatest <br />need, including those: with the greatest percentage of foreclosures; with the highest <br />percentage of subprime mortgages; and those likely to face a significant rise in the rate of <br />home foreclosures. In order to meet this requirement, staff obtained city-wide data on <br />residential properties, owner-occupied residential properties, foreclosures, subprime <br />mortgages, and recorded notices of default from databases maintained by professional <br />real estate firms. All data was collected in October of 2008. The total number of <br />foreclosures, subprime mortgages, and notices'ofdefault were identified for each census <br />tract. Each total number was divided by the number of single family structures in that <br />particular census.. tract to get apercentage. For example: <br /> <br />~~}~CL~ t~ t7~Si?T;tF~ }'~ .=it."t~S <br />Each census tract was then assigned a ranking number for each of its categories according <br />to its corresponding percentage. An average was taken of each census tract's three <br />ranking numbers and an overall ranking number was assigned based on that average <br />ranking number. Census tracts were then sorted by overall ranking number to determine <br />their relative risk of increased rate of foreclosures or abandoned residences. <br />The relative frequency of recorded Notices of Default was deemed by the City to be a <br />reliable predictar of future foreclosures and so serves to meet HUD's requirement that the <br />likelihood of significant. future increases in foreclosure be taken into account. <br />The three attached maps shows the distribution of foreclosed properties, those with <br />subprime mortgages and the City's priority needs areas. <br />Condominium units were excluded from this analysis because they are disproportionately <br />impacted by foreclosure, and are concentrated in a relatively small number of outlying <br />census tracts. Condominiums represent approximately 9 percent of the City's residential <br />units while single family residences represent approximately 45 percent. Including them <br />in the analysis would have had the effect of virtually eliminating a significant percentage <br />of single family residences from coverage by the City's programs. Conversely, <br />historically significant homes are small in number and widely scattered, but have a <br />particular importance to the City's cultural life. The City will create a separate program <br />2 <br /> <br />80B-12 <br />