80B - JOINT - FIVE-YR IMPLEMENTATION PLAN

Home Browse Search

redevelopment plan also indentities the land uses and development standards to be implemented in the project area, which must be consistent with the General Plan. A required element of the redevelopment plan is a mandate to conserve, improve, and develop affordable housing. The following is a list of some of the tools available to Redevelopment Agencies for revitalizing and redeveloping project areas: • Buy land. (Sections 33391 & 33430). • Buy improvements. For example, buy and demolish the building and let the owner rebuild on the land. Agency absorbs the value of the building and cost of demolition (Sections 33391 & 33430). • Relocate a tenant including buying out a lease, if the space is to be substantially rehabilitated. The Agency cannot relocate a tenant for the purpose of moving a more desirable tenant into the same space if it is unchanged (Section 33394). • Pay for curbs, sidewalks and street improvements (Section 33445). • Make rehabilitation loans to either owners or tenants for commercial buildings or structures (Section 33444.5). • Assist with the financing of facilities or capital equipment for the development or rehabilitation of property that will be used for industrial or manufacturing purposes (Section 33444.6). • Pay for a publicly-owned parking structure (Section 33445). • Lease land for public use such as a parking lot (Section 33430). • Remedy hazardous substances (Section 33459.1). • Pay for on-going services to attract businesses to an area such as marketing (Section 33678). However, agencies cannot pay for ongoing governmental services such as police services. To the extent the following activities result in the provision or preservation of low and moderate income housing units, Section 33334.2(e) authorizes the Agency to exercise any of its powers: • Acquire real property or building sites; • Improve real property or building sites; • Donate real property to private or public persons or entities; • Acquire, construct and or rehabilitate buildings or structures; • Provide subsidies to or for the benefit of very-low, low or moderate income households (Section 33334.15); • Develop plans, pay principal and interest on bonds, loans, advances or other indebtedness, or pay financing or carrying charges; • Maintain the community's supply of mobile homes; • Preserve the availability of lower income units in housing developments which are assisted or subsidized by public entities and which are threatened with imminent conversion to market rates; and • Satisfy replacement housing requirements (Section 33334.2(f)). Santa A, mmunity Redevelopment Agency Imp tior P n July 1, 203 ', June 30, 2015 For the ,d Santa Ana Redevelopment Projelffl§-l U Page 6