20A - NEIGHBORHOOD STABILIZATION PROGRAM 3

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ATTACHMENT 3 NOTICE OF PROPOSED ACTION TO BETAKEN BY THE CITY COUNCIL OF THE CITY OF SANTA ANA RESPECTING A PROPOSED SUBSTANTIAL AMENDMENT TO THE CITY OF SANTA ANA 2010-2011 CONSOLIDATED PLAN ANNUAL UPDATE, AND SUBMISSION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OF AN APPLICATION FOR $1,464,113 IN NEIGHBORHOOD STABILIZATION PROGRAM 3 GRANT FUNDS. NOTICE IS HEREBY GIVEN that the Community Redevelopment and sing Commission of the City of Santa Ana will hold a public hearing on February 15, 2011 at 6:0 .. at the City Council Chambers, 22 Civic Center Plaza, Santa Ana, California 92701 pursuant to th rssion of the City's proposed action approving a substantial amendment to the City's 2010-201 ated Plan Annual Update (Annual Update). .44 ' The City Council of the City of Santa Ana will give 21 City Council Chambers, 22 Civic Center Plaza, Santa substantial amendment to the City's 2 -2011 Cc City Council will also take action on a p acti Department of Housing and Urban Deve ._ eration on February 2'23;11 at 6:00 p.m. at the 927i_ a proposed`isaapproving a i nnual Update ( 'pal-Update). The uthrs` submittal of an application to the U.S. for $1 .13 In federal Neighborhood Stabilization Program 3 (NSP 3) grant funcffl_9 _ HUD has allocated th unt of $ _ 113 in ':ds to tWgV- of Santa Ana. To receive these funds the City must ado ubstant mendme its current Consolidated 5-Year Plan Annual Update. This Plan governs` ity's. ' t and use'. f • ederal formula grant monies. The City must also submit as. - 4 gra ' D. T documents must be received by HUD no later than Ma.theu used sub an?dment the City will allocate no more than 10 percen, =r s funds, or 1.3 l'owable a rri€?rlstrative expenses. A minimum of 25 percent of its funds,. • .. 66,028.25 wi ' :.-sed a purchase and rehabilitation of abandoned or foreclosed homes or re , tial propertle wills ndividuals or families whose incomes do not exceed 50 percent of are' ,e. !an income. substa dal amendment provides that the City will allocate its program funds to"rograms tlneet NSP 3 requirements: • Acquisition, RehabiCifflyFn", and Resale of Foreclosed Single Family Homes for Low-Income Households. Fundingmount: $366,028.25 • Acquisition, Rehabilitation, and Resale of Foreclosed Single Family Homes for Low-, Moderate-, and Middle-Income Households. Funding Amount: $951,673.45 The draft substantial amendment is available for public review on the City's website at http://www.santa-ana.org/cda/default.asi) Copies are also available for public review at the following locations Monday Through Friday during normal business hours: Housing Department, 20 Civic Center Plaza, 3rd Floor; Community Development Agency, 20 Civic Center Plaza, 6u' Floor, Office of the Clerk of the Council 20 Civic Center Plaza, Room 809; and the Main Public Library, 26 Civic Center Plaza, Santa NSP3 Substantial Amendment City of Santa Ana Page 20 20A-27