05 JTPH LACY & RAITT EX5 - Laserfiche WebLink

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REPLACEMENT HOi7SING PLAN Statement of Purpose and Objective This Replacement Housing Plan is prepared in accordance with California Health and Safety Code Section 33413 and Section 104{d} of the federal Housing and Community Development Act of 2004. This project consis#s of the acquisition, rehabilitation, and minor configuration of one apartment building. The recanf guration will result in the removal of the fallowing multifamily residential units: 702 S. Raiff units 7 and 8. These units are all one bedroom in size, and are occupied by low- and moderate-income households. Therefore they are subject to replacement in accordance with the legal requirements of the California Community Redevelopment Law {Health and Safety Code Section 33413 et seq.). Replacement units will initially be made available for occupancy at any time during the period one year before the Agency's submission of the information required under the plan and ending three years after commencement of reconfiguration. Before entering into a contract committing the Community Redevelopment Agency of the City of Santa Ana to provide fiends for the proposed activity that will result in removal of units from the low- and moderate-income housing market the Agency will make public by publication in a newspaper of general circulation the information listed below. Project Property Description The affected property is shown on the map attached as Attachment 1. Each property is listed by address .with parcel number and number of bedrooms in Attachment 2. Pursuant to the California Community Redevelopment Law (Health and Safety Code Section 33413 et seq.) all occupied and vacant occupiable units will be replaced in kind. Replacement Housing Units Attachment 3 delineates by number of bedrooms the location where the replacement units are or will be located. Income Level of Replacement Units The replacement dwelling units will be affordable and occupied exclusively by tenants with the same income levels as the persons displaced from the dwelling units that are being removed from the low-, very low- and moderate-income housing market. Therefore, all units will be made affordable to low-, very low- and moderate-income households. 1 undin~ Sources The Agency and the City of Santa Ana have committed sufficient Tax Increment funds to finance the acquisition and demolition and the required replacement units. Low/Moderate Income Assurance All agreements related to replacement housing units will contain a covenant guaranteeing units remain available at affordable housing cost to, and occupied by, person and families of low-, very low- and Exhibit 5