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

Home Browse Search

Preservation of Affordable nits There are several affordable housing complexes with expiring affordable lousing covenants in Santa Aria that the Agency will consider assisting inn order to preserve affordable housing. The following summarizes the total affordable housing development projected by the Agency for the period between F' 211 and FY 2015. Table : Projected Affordable Housing Development (FY 2010/11— FY 201.4/15) Station District I Ia#I%•. 5 2011 1410 Durrant FrrM*Y*fi+Y*./kYY rr kF/JJx K�rfFFr r+ *FFF+rF�Ia++F�� Frf.rx�,#,Fx,Y, r,.a.+J�F,+� IFr{I FY+}rYr.+rJ Fr++a Fa+ 1 2010 Vista Dei Rio r£i�yyr YrirF / JJFa++Frrf+#, *+} f.r FF�;��f},r•., Y JF+r+rrF� 1 2011 Infill Development - Rental II k�k�Ir�rr�: + r r 2011 `VFor-Sale Development # t F ! #+aFfFFI-a+Y+F+FF�+#F*r ++ r rk�Y•�}7+ .- 2011 Yin+ll Other Rental Projects }a+ataa r+J J J + r f + F �.ar+Far+�J ra JJ+a . aa+Frr A+ +�- 2013 Total Affordable Units F + f + tt� + ++r+r+++ t + r+ r r f r+'f r s t�Irr 'rF 230 ..'.��. rrF • r REDEVELOPMENTExPENDITURES rr Fr+ BACKGROUND rrrrf t+Fra fr• �+y +t �+f r �'F r+Y r Y rr�rr + �++ rri r f+FNFfr f •r Frr'r'rr"�"r•r'1'r�r.r.�r �' W +'r + f+rrrtrFF t . rrr . r r'r"rr Frr F} _ rrF r The Agency has the le a% ..and fie ci it �t r; � � npl � � �r ;,the revitalization of the Merged R w fi Frr F+r+l } r F Frrr/err i#I�IFr fI Project Area utilizing �'� rrall+r ,bfolloWi� 4 *� ' ven e sourbes- 1 city; state; 3 federal overnment; to �( r rr�e�nt fun yin a or ± ' e with provisions of the existing CRL; (5) new rr yyF •'r F% Y F I F Y� rrr l�rFFFF+FFA f+FFFFFY�f} tax allocation bond � � '-' ,F irnterest ,i me# Io+ :r �.,Jror private financial institutions; lease r F+ f} Y♦ J F F � l Y f+ +rr#♦ W rrri }_#rJ ff FJJF•/FFJ #Jr a k'.'Fir + JYF/r}Yrx -Fart+#i+ ons7�Fif� a+r ItI ideveloper A el +rpayments, aa nt/ as(11)any otherr sale of Agency -own -'64,. �rope. rf + Ft}• •r/ NFr fFItFAr F Fr+Y+K jr�xy Frrr•+j F+ay++ sxrrx Fr �f+ legally a r a i l a l :: b I i o rF... iK isources. hr#FYirx • FrFFFFrFY/}}}}/{r rr �sFN�r*#iFF}FFFFFrF#�F+r*r+1 *I �f FFfffr4}. rF#F}*#Fr+l rS J Y r r k a F F a F r Y 1# t + F# fi• f} a r a F r k F F F F I a�Irt�fi + r r•# r F• r F+/�♦ Yrs fyJ F fi r I ��Y�t+{ f r yrr+t+a*FFFt xF + {r/+fifaf f+I�a�{ rXayFr++xrF��r Y I r A r I F 4 #{ f+# s J I+ + F W r Ft}�+� �F + � � I r J F YJ++ � Yf rrr +aJ Jrxr! i • * � urrr *.: ovrsror s f�� .# s;+ + rid authority to the Agency to create indebtedness, issue yr*r�rFr}�+f�J ++Jr/#JSJ/rr {Jrr rrr�`nr+ bon& : , rro v funds or�; f r"Oin a r + "` s in implementing and carrying out the specific intents of a reIprrent plan. to gen is authorized to fund the principal and interest onthe 1ndebtedn:.bond issues,+ ro red funds or advances from tarn increment revenue and any r+• rrY other f n sble to en y. To the extent that it is able to d so, the City may also .+� supply addition lr'5ist i ,--through b Cit loans or rants for various publicfacilities or other project Vt f s5ra r#r FrF}#r Fa FYYa FF}i}+ ``s•++rF+F+F+++�F+�f{ + x r a fr The redevelopment programs described previously in this section outline a set of activities to be implemented by the Agency for the purpose of facilitating private reinvestment in the Merged Project Area, eliminating physical and economic blighting influences. For purposes of this analysis, Affordable Housing Furred Cevennes and their related expenditures are presented in the Housing Component section, Santa Ama COMRIL1111tyRedevelopment Agency lnipleiiientaflon Plan Jul 1; 201.0 t -o June 30, 2015 For the M erge nta An a lied evelopmen Pj ect Are.a Page 31