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

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committed to paying obligations and existing bind debt, the proceeds of which have been expended n projects that have been completed or are committed to projects previously approved by the Agency or City Council. The Agency will be focusing most of its efforts in the next five years on meeting its affordable housing obligations. However, some discretionary revenue is projected to be available or if projected tax increment is greater than anticipated. Therefore, the Agency has identified four programs whi h the Agency hopes to implement, possibly in conjunction with other City programs and funds. The programs are as follows: Economic/Community Development Pmgrsrn FF+�Fr,a y,�++ Public Facility Development Pr gram Infrastructure Improvement Program Affordable Housing Prograinn F rr+x►�`xYa i These programs can address thecommunity's priorRi s for the best rnn M:; f. Santa Ana and �'r'rrr Ffr}+J+aF F . address blighting conditions within the Merged-:46ject Area. However, it must"+ . _.,stressed that .rFF+FIFFF FFFF+a+r"FF�. igen the limited redevelopment r v n es and"OR-1§4ing obli "'t". 'ai s many of tho ',Zbm munit ' ffr {r i +�FrF Y r I F r priorities may not be addressed during the n `,,-�,ff i+""rilr.lerrr�.-'F, .FF F "} "I + r"rF' er d and those projects is end + i progr ms that are implemented may, ;F, u�nded F lith 'roti" � Y s other than redevelopment tax increment. ArAt. r 4"rte F{r Fi . {�r fxr+F'i"+"pari �f ri }Y i. f+r fFf�iFi+"F }x+r r f `. i+F+�f{F` �•�±fFlr rF.F r F ��xaF+F�"" + r ',y'01,a . F The programs and projects that follow af6%desigr' ..,•�F most significant bl'ghtirg •F+Y"�r�r�. Y�"r+rF'+r+f rFFFia. f � � �r conditions in the Merged FPF+�.ar`* {.Flrt+' �FFFFFFfF }Frt#YfFRF}F AIFF}.�r�r5 af as ,* fFF±FaFFr�FFrrl�rrdy+r}FJ+ Y fi WILhousing opportunities. Typically, when the most signditihc6,oeduced,}private sector investment will occur fy F r .. " ax+ a Far�a�+AFF+F. # IrF /F/"rrFFr ��Ti"f"r.r ��FFF++a F++ leading to additional aI f : t. Thi ne 's r d r iopr eint programs will therefore F" Via++F"+"+ serve a a atal s -.o ;., remove !"hting conwtions. and spur private investment and the n of affordable housing..preservation, ixjr "r- ' .:.+`'` '` s +'F + F r }'it"yr'+ +tt+Fa+ ♦ f r "gar. YxFa. F ix+FFa.'s rF/ a Tff'rt'` 'ri f`J i'F r' _/ .`�`x�x`+ xr+r+F."M1ta a Yr.a+r.t r+F.r s`f r+ Proj tsr.ra j ,,� r rzims.ar . initiated in response t stakeholders, including developer and .`" Frrr�fr i:rr� �r n ,; sts. Tnd, '5196. -proactively pians for blight elimination, which h inna r involve "}rA`i`rr+ r soli fi _rproposals for s"p-0-6fic d oloo n nt sites. When the Agency participates in a project, the Ar.end drel+r�&nr eFt intorn C. either a Disposition end Development Agreementr! `.. p or v�rne . +�' � ipatio�n Agrr -' ent t assure that the project is implemented In accordance }t with the a r i ' Fupon plan And that the Agency's goals and objectives for blight elimination are + " + i F F F + +'F++ attained. In " � .. ins�t- s, such as affordable housing, the agreements specify the . + . . affordability rest ritiMr jet ',be placed on the affordable units. The following describes the projects currently associated with each of these four programs that are anticipated to be carried out during this Implementation Plan period. Economic/Community Dev l ent Pr lar The Economic/Community Development program will consist of the Agency enhancing the Merged Project Area by assisting in the commercial and industrial rehabilitation/development through business retention/attraction, rehabilitation loans, tax allocation bond financing and site assemblage. The Agen } s efforts in this program will provide neer and expanded 11.anta Ana CommunityRedevelopment n Implementation Plan JLIIY 1, 2010 tO Rine 30,, 2015 For the Mei} -anta Ana Redevelopment Project Area Page