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TABLE OF CONTENTS <br />PAGE <br />1. INTRODUCTION ..................................................................................................... 5 <br />A. BACKGROUND ............................................................................................5 <br />B. IMPLEMENTATION PLAN ..........................................................................7 <br />II. REDEVELOPMENT COMPONENT ....................................................................... 9 <br />A. BACKGROUND ...........................................................................................11 <br />B. SANTA ANA PROJECT AREAS ...................................................................12 <br />C. GOALS AND OBJECTIVES ..........................................................................18 <br />D. AGENCY ACCOMPLISHMENTS .................................................................19 <br />E. PROPOSED PROJECTS AND PROGRAMS ................................................ 23 <br />F. REDEVELOPMENT EXPENDITURES ......................................................... 31 <br />Background ...................................................................................31 <br />Revenues .......................................................................................32 <br />Existing Obligations ......................................................................34 <br />G. RELATIONSHIP BETWEEN GOALS AND OBJECTIVES, <br />PROGRAMS, PROJECTS AND EXPENDITURES ........................................36 <br />III. AFFORDABLE HOUSING COMPONENT ...............................................................40 <br />A. APPLICABLE AFFORDABLE HOUSING REQUIREMENTS ....................... 40 <br />B. AFFORDABLE HOUSING FUND STATUS ................................................. .42 <br /> Affordable Housing Fund Deposits ........................................... 43 <br /> Use of Affordable Housing Fund Deposits ............................... 43 <br /> Affordable Housing Fund Cash Flow Analysis ..........................44 <br /> Proportional Expenditures of Affordable Housing Fund........ 45 <br /> Excess Surplus Calculation ............................................................. 49 <br />C. INCLUSIONARY HOUSING PRODUCTION STATUS .................................49 <br /> Legal Requirements .................................................................... 49 <br /> Applicability of Inclusionary Housing Production <br /> Requirements ............................................................................... 50 <br /> Method of Calculation of Inclusionary Housing <br /> Production Requirements .......................................................... .50 <br /> Inclusionary Housing Production Requirements ..................... .50 <br /> Inclusionary Housing Production Fulfillment ........................... .52 <br /> Inclusionary Housing Production Obligation <br /> Surplus/(Deficit) Calculation ....................................................... 53 <br />D. REPLACEMENT HOUSING STATUS .......................................................... 54 <br /> Legal Requirements ....................................................................... 54 <br /> Past Removal of Low and Moderate Income Units ............... 54 <br /> Future Removal of Low and Moderate Income Units........... 55 <br />E. ABILITY TO COMPLY WITH OBLIGATIONS PRIOR TO TIME <br /> LIMIT OF EFFECTIVENESS OF REDEVELOPMENT PLAN ........................ 55 <br />8OB-7