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<br /> <br /> <br /> <br /> <br /> Quarterly Report for Housing Division Projects and Activities <br /> June 4, 2012 <br /> Page 6 <br /> <br /> Table 6: NSP 2 Single Family Properties Sold During the Third Quarter <br /> <br /> Property Address Silent 2" Income Level <br /> 2106 S. Baker $10,000 Moderate <br /> 927 W. Berkeley $10,000 Moderate <br /> 1340 S. Douglas $10,000 Moderate <br /> <br /> The partnership of Orange Housing Development Corporation (OHDC) and C&C Development was <br /> also selected to implement the NSP2 Multifamily Acquisition/Rehabilitation Program. To date, the <br /> partnership has used $4.29 million in NSP 2 funds to acquire a 26-unit multi-family property at 326 <br /> S. Garnsey Street. Once completed, 25 of the units will be rented to very low-income families at <br /> affordable rents. The remaining unit will be reserved for the onsite manager. All 26 units offer two <br /> bedrooms. <br /> <br /> NSP 3 Program <br /> <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 /> <br /> • Acquisition/Rehab/Resale-50 Percent of Area Median Income <br /> • Acquisition/Rehab/Resale-120 Percent of Area Median Income <br /> • Administration <br /> <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 NSP3 regulations. ANR Homes, Inc. was selected to receive the <br /> contract, and it was approved by City Council on June 20, 2011. <br /> <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 /> In-fill Development Projects <br /> <br /> Habitat for Humanity of Orange County closed escrow on February 23, 2012 on the first of 17 <br /> parcels with their property at 717 E. Third Street. Construction is currently underway. Escrows on <br /> other sites are expected to close in the near future. OHDC and C & C Development have begun <br /> construction of multi-family housing on the sites located at 217, 219 & 435, 437 South Birch Street, <br /> 2034 & 2038 North Bush Street, and 605-611 E. Washington. <br /> <br /> <br /> <br /> <br /> 19D-6 <br />