05 - P H Five-Year Implem Plan - Laserfiche WebLink

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X ■ n Of the 51 total units in the five buildings, 50 are restricted t be occupied by very -low income households, with the remaining unit restricted t occupancy bar moderate income households. The length of the restrictions is 55 gears. Townsend and Baht Apartments and new community center Vj a r'� 1 i'�V.:' .r" .-.. ooh• � ri�Fr+tr +�++ r -v{ rr r"s "trans"f. r - Y yrr"� +�F•. f r r Y rF.rs+ f*r} + F a t I F F I a r r F r FFF+l++Fief ff' r s+/ r f r rr+ + +rFrr rr r Fra+rr},i++FF f r Lacer & aitt — the Agency and City assi.ste"rd a limit ; *. arta rsh�p T ± rahas and #f r rra. . F . rehabilitate two apartment buildings with a t " 1" f Fi ' ��A�l f the unit `f r restricted f r toccupancybar very -lover income households, ani" f �n : �; th f the restrictions is 45 years. One of the two buildings is loca.f n the Tow '"", + and Raitt area and the Agency's IXr assistance represents a continuafi F;} ..aommitrn64 4f ..t assist the low income people residing in the area. The Lacy build*r" the �trrrDIS triat, # +ry'fr � f+I�FFr�Ftr�fi'r�r e i F i rryr F+F�+ +�. 1r� ta i�L� }''► +'� /`�11 i�'• �aF# f 4i� M M �� frr�. r. rr.rrrrs.r}r*rd�+r r • { j ■ • 4 Iev r Tb.q.A,,&e n b r d:F} 4 %1l^+lt .. n ��t} s �t t r D tri t� Tln}xr; irxxr#f .h} x,x} '+ a will work with the �t has selected r��;��vlpr •;.#F;.,'#"�a�'a, r;th Agency + F � + ++rrr �r"r r"r sr qtr F r # r t r � ► developer to ins :: teat its p r rte s a F=+ v l p d in a manner that is consistent with f''r F other d v io rp + -- in the area::= "end in a rna, r that services the diverse housing needs f F+ " r r Santa i fJ,�j ti r i # F �r .'I'xrr}r�r"xF#xr+r�r II*►fFFl++ff FI+I++ Ys rrA ffrFlFrxx+F+fFYrrFrrt#r#F}IF'r+rrr'r ;s+ rare r�#+rrF"s+f �+}xxaxrr xr+#x+#F I+a{ fr}Y�R rte# #f rr r f rrY .'A"r " r r. f r r+ r r rra t t x x r r r r r r arc r Y � FF*r*"F#r fyxr-r rJ�+}I }+++#Fr fr}Yr�i},x�+irr+r #fr Infill l anent �r -;r a ��properties throughout ut the City for residential Y+i A :Fr"r i wr#rF r"F-r�utilized rJu t for Proposals process t select lifi dd v l 1o#,F fr{rrr rFt{f#t r*IF+rr'F d 'i r rs int r ` rft 4 -In wtF+rr & Frith the Agency n these properties. All will developed rl frr++r rr •?'! x'rr�r�+r'rrr r f r .. + sid ntial ulseii�'VIII off ....unix f bedroom sizes and rices suitable to the diverse " r s++ s r F r r*4�r�"r+I *r+++*{ s+;' FFR" n -U.", f Santa Ana r t� ants. While the majority will be developed for owner occupancy, r#+ k F r x fou r+f= ,:tis will bdde"Veloped as affordablerental properties that also offer a mix of rrri��++�++x+rr bedroom and rnt`+itable to the diverse needs of Santa Aria residents. 8r I e ghb rbeo " &JIMiron -- The City bas been a carded $15.8 million in federal Neighborhood �fghlfikation Pr ram grant funds for the purpose of facilitating the acquisition, rehabilitation and resale of abandoned and foreclosed homes and apartments. The City estimates it will be able to produce approximately 194 affordable units with these funds. Of these, approximately 54 units will be rental units carrying 55 -year very -low income affordability covenants. Rehabilitation Loan Programs — The Agency and the Cit} offer a variety of loans to income eligible owners of both conventional and mobile homes to make necessary repairs. Mobile home funds are offered as forgivable loans with no interest rate, while single-family loans are offered at below market interest rates. For owners of historic homes, the interest rate SantaAma Coninwrilty Redevelop�iientAge�-icyhiijAema io Plan JUI � 2010 to June 30.,2015 Foo. he Merged Sa-Ma AnaRedevelopni-ent Project rezi Fuge 22