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80B - JOINT - FIVE-YR IMPLEMENTATION PLAN
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80B - JOINT - FIVE-YR IMPLEMENTATION PLAN
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Last modified
1/3/2012 3:51:50 PM
Creation date
3/3/2011 1:41:19 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80B
Date
3/7/2011
Destruction Year
2016
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<br />¦ Facilitated the construction of the Digital Media <br />Center <br />¦ Provided a catalyst for street improvements <br />Citywide Affordable Housing Proiects <br />'lf? ?? ?l l1l?i <br />¦ Mercy House - The Agency and City assisted in <br />the rehabilitation of transitional housing units for <br />homeless persons and persons with HIV/AIDS. Santa Ana College- Digital Media Center <br />The projects provide housing for seven families <br />and 20 individuals. <br />¦ Wilshire-Minnie - The Agency and the City assisted a limited partnership comprised of a <br />non-profit and a for-profit entity to purchase and rehabilitate seventeen apartment <br />buildings containing 164 one-bedroom units. As reconfigured, the project contains 143 <br />affordable units and a manager's unit. The units are a mix of one, two, three and four <br />bedrooms and are affordable to very-low and low income households. <br />¦ City Gardens - the Agency and the City assisted a non-profit owner to obtain critical bond <br />financing for the purpose of refinancing and rehabilitating a 274-unit apartment complex. <br />Twenty percent of the units are restricted to occupancy by very-low income households for <br />a period of 55 years. <br />¦ Logan Neighborhood New Construction - The Agency assisted a non-profit corporation to <br />construct three single-family homes on Agency-owned lots located in the historic Logan <br />neighborhood. The non-profit developer contracted with the construction arm of another <br />non-profit to carry out the construction. As a consequence of this partnership, <br />construction-related training was made available to low-income City residents. The homes <br />are restricted to occupancy by low income households for a period of 45 years. <br />¦ Ross & Durant - The Agency and the City assisted a limited partnership comprised of a non- <br />profit and a for-profit entity to purchase and rehabilitate two apartment buildings, each <br />containing 24 units. Of the 48 total units, 21 units are restricted to occupancy by very-low <br />income households and the remaining 27 units are restricted to low income households. <br />The length of the restrictions is perpetuity. <br />Ross Street Apartments <br />¦ Townsend & Raitt - The Agency and City assisted a limited partnership comprised of a <br />nonprofit and a for-profit entity to purchase and rehabilitate five apartment buildings and <br />developed a new community center in the troubled Townsend and Raitt area of Santa Ana. <br />Santa Ana Community Rede, ent Agency Irn14 fstio^P6n July 1, 2010 to June 30, 2.015 <br />For the Merged Santa Ana R, . pment Project Page 21
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