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III. RELOCATION RESOURCES <br />A. METHODOLOGY <br />For residential housing, a resource survey was conducted to identify available rental units <br />initially beginning within afive-mile radius from the Project site. The following sources were <br />utilized: <br />-- Classified rental listings from local newspapers and For Rent publications <br />-- Contacts with real estate/property management companies serving the community <br />-- Internet sources of rental opportunities <br />B. REPLACEMENT HOUSING AVAILABILITY <br />1. Residential Rental Housing <br />The rental replacement housing survey considered units for rent in Santa Ana. This data is <br />summarized in Table 3 below. <br />Table 3: Availabili and Cost of Re lacement Rental Housin <br /># of Bedrooms Studio One Three <br /># Found (# Needed) 11 (1) 42 (1) 14 (2) <br />Rent Ran e $650 - $1,395 $825 - $1,000 $1,335 - $1,800 <br />Median Rent $850 $950 $1,600 <br />The median rent amount shown in the table is among the figures used to make benefit and <br />budget projections for the Plan. This amount is, naturally, subject to change according to the <br />market rates prevailing at the time of displacement. <br />2. Summary <br />Considering the above described availability of replacement housing resources gathered over a <br />two-week period, it appears that there are more than adequate replacement resources for the <br />residential occupants. But, while adequate replacement resources exist, based on survey results <br />of rental opportunities and the tenants' current rent, the tenant occupants will likely have a <br />slight increase in monthly rent. Possible increases, if any, will be met through the Developer's <br />obligation under the relocation regulations, including Last Resort Housing (LHR) <br />requirements. (See Section IV, E). <br />C. RELATED ISSUES <br />1. Concurrent Residential Displacement <br />There are no current public projects causing significant residential displacements underway in <br />Santa Ana which would compete with the Project for needed housing resources. No residential <br />displacee will be required to move without both adequate notice and access to available <br />affordable decent, safe and sanitary housing. <br />7 <br />80B-20 <br />