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PROGRAM DESCRIPTION ELIGIBLE ACTIVITIES <br /> • Vocational Training <br /> Workforce investment funds are used to assist ¦ On-the Job Training <br /> economically disadvantaged Santa Ana youths <br /> <br />Workforce Investment Act <br />and laid-off adults to develop work skills and ¦ ESL & GED Prep Courses <br /> vocational training in order to obtain productive Welfare to Work <br />$3,812,409 employment opportunities. The Workforce ' Resume Prep, Lay-off <br /> Investment resources serve approximately 4,200 Aversion <br /> to 48,000 residents ' Business Retention & <br /> Outreach <br /> Program that subsidizes rental for very low- <br />Housing Choice Vouchers income families, individuals, seniors and the <br /> disabled. Participants pay approximately 30% of <br /> <br />$27,785,758 adjusted income toward rent. SA Housing ' Rental Assistance <br /> Authority pays balance of rent to property owner <br /> and administers the program - 2,658 vouchers <br />Neighborhood Stabilization • Acquisition <br />Program (NSP) 1,2 & 3 Federal grant program that provides targeted • Rehabilitation <br /> assistance to acquire and redevelop foreclosed ¦ Resale of foreclosed & <br />$4,610,494 homes and residential properties that might abandoned residential <br />(balance of grant funds & program otherwise become sources of blight. properties <br />income) ¦ Program administration <br /> Program encourages private capital investment to ¦ New Construction <br />Low Income Housing Tax Credit develop affordable rental housing for low-income <br />(LIHTC) households. Tax credits are available to ' Housing Rehabilitation <br /> individuals and corporations investors ' Acquisition <br />STATE RESOURCES <br />California Dept of Housing & Low interest loans for the development of ¦ Ownership & Rental <br />Community Development affordable housing with nonprofit agencies Housing Projects <br />California Dept of Housing & <br />Community Development: <br />CaIHOME Program <br /> Financing for single family housing rehabilitation ¦ Ownership Housing Projects <br />$660,000 <br />Prior Year Allocation (Grant expires <br />9/9/11- requesting extension to 9/9/12) <br />CITY OF SANTA ANA RESOURCES <br />Santa Ana Redevelopment <br />Agency Low Income Housing Redevelopment Agency activities were <br />Set-Aside Fund terminated by the State Legislature. Resources no ¦ None <br /> longer available <br />$0 <br /> The City allows an increase in density to <br />Density Bonus developers who set-aside at least 25% of their ¦ Density Bonus <br /> project to low- and moderate-income persons <br /> The Housing Authority has the authority to issue <br />Tax Exempt Bonds tax-exempt bonds. Bond proceeds are used to ¦ Housing Development <br /> develop affordable housing <br />2012-2013 ANNUAL ACTION PLAN 18 DRAFT D4/08/2012 <br />29B-25