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TTie Station District Project <br />III. REI.O~ATIC~I~ RES~UR~E~ <br />A. METHODOLOGTe'~ <br />For residential housing; a resource survey was initially conducted to identify available rental <br />units in Sams. Ana: The foliowinb soZU~ces were utilized: <br />-- Classified rental lsti~lgs from local r~ezvspapers and For,tZen~ publications <br />-- Contacts with real eatateJprvperty management companies serving.the community <br />-- Internet sources of rental opportunities <br />B. .ItEPLACEIViENT HOITSIlYG A:YAILABIL,ITY <br />l:. Residential Ren#al Housing <br />Tl~e rzntal replacement housing siuvey considered apartments, .anti single-family <br />residences ,for rent in Santa Ana, This :data is summaxizeil in Table I below: The <br />individual figures for. numbex .of units found by bedroom size are .presented in the fable <br />aloz~gsicle tl~e number of uriifs needed _(shown iri parentheses) to meet tl~e re-l~vusing <br />obligations. <br />- TABLE 1: Av~i labil and host of Re lacer,.ent Renta l l~ousin _ <br />Beclrvo~n:Sze ~ S.tudio .One Two Three FQUr _ _ <br /># Found <br />{# Needed 21 {2) 37 {1) 64.{1) 17 {2) 7 {1) <br />Relit Ran a $b0t~-•$84:5 $825-$950 $'l.,t?~Q=~ 1,40t} $:1,250-$1.,995 $2dQQ-~2 $00 <br />Median iZenf $800 $900 $1,254 $.1;75Q $2;300 <br />The median lent amount shown. rr the table is among the figures used to.make benefit <br />and budget projections for the Plan; This amount is, naft~ratly~ subject to change <br />according to the ma3ket rates prevailing at the #ii'ne of displacement. <br />2, Summary <br />Considering the above. described availability .of replacement housing resources gathered <br />over atwo-week period, it appears that there are more than 'adequate replacement <br />resources .for the .residential.- occupants. j3ut, while adequafie epIacement resources <br />exist, based on S~irvey results of rental opportunities axid the tenant's current rent, the <br />tenant occupan#s will likely have an crease in naontlily rent. Posstila increases; i£ <br />any, .will be met through ~Iie Agency's obligation utader the relocation regulations, <br />including Last Resort Housing {LHR) requirements. (See Section N, E). <br />55D-10 <br />