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Affordable Housing Program <br />niinimrirr.- . <br />The Agency's Affordable Housing Program includes the following mp n rnt : <br />Multi -family Acquisition Rehabilitation <br />In partnership with various non-profit n for-profit developers, the Agency anticipates <br />continuing ars acquisition and rehabilitation program for multi --family properties. The selected <br />developers will be responsible for the rehabilitation and ongoing management of these <br />projects, and the projects will besubject to income and afford a 11 ity..qgvenant that will remain <br />in place for a minimum of 55 years. The Agency will provide assist,""";'fo. the projects to fill the <br />gap created by the covenants. <br />O r f f i fFIFr Y I. <br />4 r +/FtFY+ ♦Y r <br />Neighborhood Stabilization Program (NSP I & �wF•.yF"._�.".y +F.�,`,`F.�ff <br />I��F x+yFFFif y+, t•• <br />This program stabilizes transitional neigh orhods Y,#ii"p" <br />ougl the tovement of existing <br />residential structures and preservation of existing } r mK The Program r} les assistance t <br />fi# I##►# Y R. r <br />�* ��antaAna and[����, <br />�[ and moderate income households throug -nat s lighting <br />conditions in targeted neighborhoods ,`{ y a ing ate managen: , <br />reducing <br />err. rr <br />overcrowding and rehabilitating rental housing � ���+ a.,F;�Th ,f;y ,1ring map reflect's'+ both NSP I <br />and NSP 2 geographical target areas. ��•,•.r,•, ,, <br />��aa{{++�........ a I1I+,+r <br />���f�f�,{fi+f,�,ff <br />This program will utilize Federal funds to acquire and redevelop foreclosed residential <br />properties that might otherwise become sources of blight within their communities. The single - <br />1 <br />Santa Ana Community Redevelopment Apn I���plem ti Plan Ju � 2010 to Ju � 201,E <br />For the Merged Santa Ana Redevelopment Project Area Page <br />