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3 - Qtrly Rpt Housing Div Projs and Activities
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01/19/2010
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3 - Qtrly Rpt Housing Div Projs and Activities
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1/3/2012 3:28:34 PM
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City Clerk
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Agenda Packet
Date
1/19/2010
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quarterly depart ~'ox~ Houa~ng Da.viion <br />Pro~eots and Activities <br />~anuax~~r 1 2~i~ <br />Page <br />a oornmunity oentex~. ~`he rehabilitatien ~rork is under ray on both of the <br />re~na~.ning buildings, <br />7a North Lary <br />The pity ounezl. and Agency here approved laans to AHD and ~~C <br />De~re~.opment for a~guiit~.on and rehab~.~.~.tation of a 2~ unit building ~.~ <br />7~ Narth Laoy, dents ~~~ to be x~etr~.et~d to those affordable to <br />extremely 1.ow~ and very 1o~~inoome households, the project his closed <br />escro~r and the rehab~.l~.tat~.on ox~~ ass underpay. <br />NP Program <br />the pity received 5, 7~, ~.~~ through the Neighborhood tabili~at~.on <br />Program {NAP} Which i intended to target and stabilize oommunitie <br />hardest hit with foreclosures, Five ASP programs were Cheated, including <br />a Doan Payment AssitaCe Px~ogra~m, Redevelopment Program, ingle~~am~.ly <br />Ac~u~.s~.t~.on-Rehabilitation Program, Hito~c~.c~ondominium Acui~ition~- <br />Rehab~.l~.tation Program and a Multifamily cqu~.s~.t.~on-Rehabilitation <br />Program, ~ Comprehens~.ve and detailed quarterly report is pasted on the <br />~~.~~' website at http; ~~ww~~r, santa-~ana, org~cd~~NP. esp. <br />ANR Haines, Inc,, the intermediary selected to implement hor~eo~anership <br />programs including the dingle family and Historic/Condo, is repans~.ble <br />for the aoquisa~tion, rehabilitation and regale of the foreclosed units. <br />These home ~~~.11 be gold to families ~~ith incomes up to ~.~0 percent of <br />the area median ~AM~~ , ~`o date, there are 20 single-family homes in <br />various stages of acquisition, rehabilitation, or x~esal.e that ~~ill be <br />sold to qualifying families. ~NR has spent or committed morn than ~,9 <br />m~.~.~.ian in NP funds and has le~reraged an additional ~ , ~ million zn <br />private funds to made these affordable units available. <br />OHD eras selected far the implementation of the Multifamily <br />Acqui~itian~Rehab~.~.itation Program. To date, ~HDC has used ~..4 million <br />in NAP funds to acquire ~.4 unit mv~~.ti~~am~.ly property. on Durant street. <br />These unity ~ri11 be targeted to households at ox be~.aw ~ percent AMZ and <br />~~rill help the ~.ty meet the requ~.rement that at least ~ percent of its <br />NAP funds be spent to assist very law-~income households, <br />Raitt street Infi~.l ~.te <br />civic tenter Harrio Housing arparation ~CCBHC} is proposing to construct <br />an 11-unit affordable housing pro~eat comprised of three triplexes and <br />t~~o single family units , the px~a~ ect ~t~.~.l be integrated ~~ith C~BH' ~ <br />3-3 <br />
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