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CITY OF SANTA ANA <br />2009-2010 ANNUAL ACTION PLAN <br />^ Rehabilitation, not refinancing, must be the primary eligible purpose for the use of <br />HOME funds. To ensure that this requirement is met a minimum level of rehabilitation <br />of $15,000 per unit is required. <br />^ A review of management practices will be undertaken by the City to determine that <br />disinvestment in the property has not occurred; that the long term needs of the project <br />can be met, and that the feasibility of serving the targeted population over the <br />extended affordability period can be demonstrated. ¢-: <br />R.n "• -, <br />~: <br />6-t.*_`. <br />During FY 2004-2005, program guidelines were developed to implemerifi an ADDI-funded <br />~' ~ ; <br />homebuyer assistance program. Pursuant to A©D-1`regulations, funds will~,be. utilized to <br />~§~:> <br />provide down payment assistance for eligible household ~~ ,Iaddition to marketing the <br />~~,,, ~ ,r <br />program citywide, and in various languages, Hous~~g'Choice Voucher rental assistance <br />,:N.r <br />recipients and residents currently re~sidinb, in manufactured, housing will be targeted. In <br />~.. . <br />order to ensure participating househol~d~`are suitably-,prepare`d~'fo become homeowners, all <br />1~Y <br />A' <br />participants will be required to attend pre°and post-ownership training provided by a HUD- <br />~,, <br />authorized housing couriselrng center. Furthermore, to ensure compliance with the housing <br />,` <br />affordability term4 of°~24 CFR 92 254, the City .will impose a recapture provision that will <br />recoup all of the HOME-,assistance ~rovided,:ty a homebuyer if the housing unit does not <br />.:~ <br />continue to be he.-principal,- residence of the program participant during the period of <br />affordability. It has been reporfed.,that funding for this program was not funded in the 2009 <br />federal budget, and since the program has sunset no additional ADDI funding is anticipated <br />for 2009 2010. The City wilt focus on utilizing prior year program funds as directed by HUD. <br />,:; r <br />,, ,. . <br />As required by tlte` E~OME program, the City has implemented an Affirmative Marketing <br />program for all projects with five or more HOME-assisted units. This is to insure that multi- <br />family owners receiving HOME funds will inform and solicit rental applications from persons <br />in the housing market who are not likely to apply for the housing without special outreach. <br />As also required by the HOME Program, the City has adopted a Minority Outreach Program. <br />29A348 °~,~T4,~5,~ <br />