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DRAFT <br />Household Incomes: If developed for housing, incomes will be consistent with NSP <br />requirements. <br />(7) Total Budget: (Include public and private components) <br />NSP funds: $300,000 <br />Other funds: Unknown <br />(8) Responsible Organization: <br />The City of Santa Ana Community Development Agency, Housing Division, has <br />extensive experience managing affordable housing funds and programs. The Division <br />has expertise in the areas of housing rehabilitation, finance, development, rental <br />assistance and grant management. <br />Ms. Shelly Landry-Bayle <br />Housing Manager <br />Community Development Agency of the City of Santa Ana <br />20 Civic Center Plaza, M-37 <br />Santa Ana, CA 92701 <br />Telephone:. (714) 667-2287 <br />Facsimile: (714} 667-2225 <br />Email: SLandry-bayle(a~santa-ana.org <br />(9) Projected Start Date: February 1, 2009 or such'other date upon which grant funds are <br />received by the City of Santa Ana. <br />(10) Projected End Date: January 31 2014 <br />(11) St~ecific Activity Requirements: <br />For acquisition activities, include: <br />• Discount rate The required discount rate for all purchases will be consistent with <br />the 'HUD regulatory requirement. <br />For financing activities, include: <br />• Range of interest rates: Not applicable for public facilities. If developed for <br />housing, the range of interest rates will be 0 percent to 3 percent. <br />For housing related activities, include: <br />• Tenure ofbeneficiaries--rental or homeownership; <br />Maybe either if developed for residential use. <br />Duration or term of assistance; <br />If owned by the City duration will be in perpetuity. If transferred, forty <br />five year minimum term for homeownership, fifty five years for rental. <br />A description of how the design of the activity will ensure continued affordability. <br />25 <br />80B-35 <br />