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Quarterly Report for Housing Division Projects and Activities: <br />October 2011 —December 2011 <br />March 5, 2012 <br />Page 6 <br />Table 5: NSP 2 Single Family Properties Available for Sale <br />Address <br />Affordability Level <br />1340 S. Douglas <br />Moderate <br />927 W. Berkeley <br />Moderate <br />323 E. Chestnut <br />Moderate <br />216 N. Bush <br />Moderate <br />1119 W. 5 th <br />Moderate <br />Table 6: NSP 2 Single Family Properties Sold Durinq the Second Quarter <br />Property Address <br />Silent 2" <br />Income Level <br />1634 W. 12th <br />$10,000 <br />Moderate <br />2047 S. Birch <br />$10,000 <br />Moderate <br />1319 W. 7th <br />$10,000 <br />Moderate <br />NSP 3 Program <br />The U. S. Department of Housing and Urban Development (HUD) has allocated the amount of <br />$1,464,113 in NSP 3 funds to the City of Santa Ana. To receive these funds, the City adopted a <br />substantial amendment to its Annual Action Plan and submitted it to HUD on February 28, 2011. <br />The amendment was approved, and the City signed a grant agreement with HUD on March 10, <br />2011. The City will implement the following programs with these funds: <br />Acquisition /Rehab /Resale -50 Percent of Area Median Income <br />Acquisition /Rehab /Resale -120 Percent of Area Median Income <br />Administration <br />In order to facilitate implementation of the first two programs, the City released a Request for <br />Proposals (RFP) for intermediaries on February 28, 2011. The RFP solicited the services of an <br />individual or firm qualified to acquire, rehabilitate, and resell foreclosed and abandoned single <br />family homes in accordance with NSP 3 regulations. ANR Homes, Inc. was selected to receive the <br />contract, and it was approved by City Council on June 20, 2011. <br />As required by regulations, comprehensive detailed quarterly reports on all the City's NSP <br />Programs are posted on the City's website at http:/ /www.santa - ana.org /cda /NSP.asp. <br />i Lei <br />