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2010 -2011 ANNUAL ACTION PLAN 18 04/21/2011 <br />Exhibit 1 <br />Workforce Investment funds are used to assist <br />economically disadvantaged Santa Ana youths <br />■ Vocational Training <br />Workforce Investment Act <br />and displaced adults with work skills and <br />vocational training in order to obtain productive <br />■ On -the Job Training <br />$3,513,210 <br />employment opportunities. The Workforce <br />■ ESL and GED Preparation <br />Investment resources serve approximately 4,200 <br />Courses <br />residents <br />Rental assistance program that provides a subsidy <br />to very low- income families, individuals, seniors <br />Housing Choice Vouchers <br />and the disabled. Participants pay approximately <br />30% of their adjusted income toward rent. The <br />■ Rental Assistance <br />$29,775,179 <br />Santa Ana Housing Authority pays the balance of <br />rent to property owners, and administers the <br />program — 2,658 vouchers <br />Program encourages the investment of private <br />Low Income Housing Tax Credit <br />capital for the creation of affordable rental <br />' New Construction <br />(LIHTC) <br />housing for low- income households. Tax credits <br />■ Housing Rehabilitation <br />are available to individuals and corporations who <br />■ Acquisition <br />invest in such projects <br />STATE RESOURCES <br />California Department of <br />Low interest loans for the development of <br />■ Ownership Rental <br />p <br />Housing &Community <br />affordable housing with nonprofit agencies <br />Housing Projects <br />Development <br />California Department of <br />Housing & Community <br />Development: CalHOME <br />Program <br />Financing for single family housing rehabilitation <br />■ Ownership Housing Projects <br />$900,000 <br />Prior Year Allocation (Grant <br />expires 9/9/11 - requesting <br />extension to 9/9/12) <br />CITY OF SANTA ANA RESOURCES <br />■ Residential Rehab. Loans <br />Funds received from increased property taxes <br />' Replacement Housing <br />Santa Ana Redevelopment <br />generated by property improvements within the <br />■ Neighborhood <br />Agency Low Income Housing <br />Agency's six redevelopment project areas. <br />Improvement Programs <br />Set -Aside Fund <br />Twenty percent (20 %) of these property tax funds <br />■ Neighborhood Capital <br />must be set aside for the development, <br />Projects <br />$13,497,905 <br />preservation, or rehabilitation of affordable <br />■ Multi - Family Acquisition, <br />housing <br />Rehab, New Construction <br />■ Down Payment Assistance <br />The City allows an increase in density to <br />Density Bonus <br />developers who set -aside at least 25% of their <br />■ Density Bonus <br />project to low- and moderate - income persons <br />The Housing Authority has the authority to issue <br />Tax Exempt Bonds <br />tax - exempt bonds. Bond proceeds are used to <br />■ Housing Development <br />develop affordable housing <br />2010 -2011 ANNUAL ACTION PLAN 18 04/21/2011 <br />Exhibit 1 <br />