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quarterly Report for Housing Division Projects and Activities May , X010 Page ~g North Lacy The City council and Agency have ap roved loans to AHD and Develo ment far ~ ~ acquisition and rehabilitation of ~ unit buildin at 70 North [-ac . Dents are to be restricted to g y those affordable to extremely love- and very lover-income households. The ro~ect has closed escrovtir and the rehabilitation ~rork is underv~a . y NP Pro~rar~ The pity received ~,~,~~5 throe h the Nei hborhood Stabilization Pro ram NP ~rhich i , 9 g g ~ intended to target and stabilize communities hardest hit v~ith foreclosures. The pity received its first NP avu~rd of ~,~,~5 through ~ nancon~petitive~process. lts second award for ~o million vuas received through a highly competitive process. Most a~rards vuere made to non rofit consortiums. only local government units sere successful, Usin its tiro avuards the fit g ~ Y created five NP programs, These include a Dovun Pa rent Assistance Pro ram ; Y g , Redevelopment Program, dingle-Family Acquisition-Rehabilitation Program, Historic~ondominium Acquisition-Rehabilitation ~'roran~ and ~ Multifamily Acquisition-i~ehablllttlon Pro ram. A g comprehensive and detailed quarterly report is posted on the fit 's uvebsite at htt :1luuw.santa- y p ana.arg~cdalNP.asp, ANI~ Industries, the intermedia selected to inn lament hon~eou~nershi ro rams includin the p 9 g dingle Family and Historic~ondo, is responsible for the acquisition, rehabilitation and resale of the foreclosed units. These homes uvill be said to families with incomes up to ~~0 ercent of the area } p median CAI}. To date, there are ~ single~famil homes in various sta a of ac uisition 9 q , rehabilitation, or resale that v~ill be sold to quali in families. ANR has s ant more than fY g p rn~ll~on in NP funds and has leveraged an ddltlan~l ~.5 million in private funds to make these affordable units available. The parknership of AHD and & Development vas selected to im lament the Multifamil p y AcquisitionlRehabilitation Program. To date, the partnership has used ~.4 million in NAP funds to acquire a ~~-unit multi-family property on Durant treet~ These units gill be tar eted to households at or belov~ ~0 percentAMl and gill help the pity meet the re uiren~entthat at least ~ q percent of its NAP funds be s ant to assist ve lovw-income households. p rY scattered bites RFP ~n October 9, gOg, the Agency released a Request far C~ualifications for the selection of ualified q developers for ~ Agency-owned parcels. ~n December ~OO9, the A enc selected three g Y developers far the project. Habitat for Humanit of bran e fount eras selected as develo er for Y g Y p single-family housing at sites identified as X19 8~~ N. concord street; ~ ~ ~4, ~ . cypress Aver ue~ 1 4 ~ast~rood Avenue; 4091111. Ed finger Aven ue; 40 0 40 ~ VIA. McFadden Avenue;