80B - LOAN AGMTS 703 N LACY 702 S RAITT

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INTRODUCTION C&C Development Co. and Orange Housing Development Corporation ("the Developer") are in the processing of acquiring one property for their proposed affordable housing project, the Lacy Apartments Project in Santa Ana, CA ("the Project"). The Project site consists of .3 acres and is located at 703 N. Lacy Street. The site contains one structure housing 27 apartment units: three studio units, 15 one-bedroom units and nine two-bedroom units. Currently, 23 units are occupied, and four units are vacant. The Developer plans to rehabilitate the units, including a thorough rehab of the interior and exterior. For the interior, paint, toilets, shower enclosures, sinks, garbage disposals, and vinyl flooring will be installed or replaced. Work on the exterior will include repairs to the stucco, new exterior paint and new windows. There will be no structural changes during the rehabilitation, therefore 27 units will remain after the rehab with the same configuration as stated above. Units will be offered to tenants who qualify at 50% of area median income. Those tenant households, whose income level is greater than 50% of area median income, will need to be permanently relocated. New tenants will be held to a 2+2 occupancy standard (two people per bedroom and two people in an additional room such as a living room or den) for one-bedroom units and a 2+1 occupancy standard (two people per bedroom and one person in an additional room such as a living room or den) for two and three bedroom units. Any current overcrowded households will be "grandfathered" and will qualify to remain within the Project in one of the rehabilitated units. The Developer anticipates funding for the Project will be the following types of funding: HOME funds and tax increment monies. This Plan conforms to the requirements of the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), as amended, the implementing regulations of Handbook 1378 of the Department of Housing and Urban Development (HUD), the California Relocation Assistance Law, Government Code Section 7260, et seq. (Law), the Relocation Assistance and Real Property Acquisition Guidelines adopted by the Department of Housing and Community Development and Title 25, California Code of Regulations Section 6000, et seq. (Guidelines). The needs and characteristics of the permanent displacees and the Developer's program to provide assistance to each affected person are general subjects of this Relocation Plan (Plan). (There is also a brief description of the relocation program for the temporarily displaced tenants.) This Plan is organized in five sections: 1. Project description (SECTION I); 2. Assessment of the relocation needs of persons subject to displacement (SECTION II); 3. Assessment of available replacement housing units within the City of Santa Ana and surrounding communities (SECTION III); 4. Description of the Developer's relocation program (SECTION IV); 5. Description of the Developer's outreach efforts, Project timeline and budget (SECTION V). 80B-14