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Renter & owner households with incomes over 80% of area median income: <br />TABLE 8 <br />During the 2011-2012 report period, the City continued to utilize NSP funds to assist with the <br />rehabilitation and resale of foreclosed properties. A total of 19 units were assisted during the <br />report period; five of these units were purchased by households with an income between 50% <br />and 80% of the median income, ten households had incomes between 80% and 100% of <br />median income, and four had incomes between 100% and 120% of the median income. These <br />NSP accomplishments have not been incorporated into the tables above. <br />In addition to the housing accomplishments listed above, 50 Orange County households living <br />with HIV/AIDS were assisted with HOPWA-funded tenant based rental assistance during the <br />2011-2012 report period. These HOWPA accomplishments have not been incorporated into the <br />tables above. <br />2. NUMBER OF HOUSEHOLDS ASSISTED THAT MEET SECTION 215 DEFINITION OF AFFORDABLE HOUSING FOR RENTAL <br />AND HOME OWNERSHIP <br />In February 1998, a memorandum was issued by HUD that provided a definition of affordable <br />housing per Section 215 of Title 11 of the Cranston-Gonzalez National Affordable Housing Act (the <br />HOME Investment Partnerships Act). This memorandum directed HOME Participating Jurisdictions <br />to the Code of Federal Regulations for the definition of Section 215 rental and homeownership <br />housing (24 CFR 92.252, and 24 CFR 92.254 respectively). In summary, Section 215 housing is <br />subject to the following: <br />¦ All HOME-assisted renter-occupied units are subject to maximum rents, property standards and <br />resident participation regulations. Other HOME requirements found in 24 CFR 92.252 must also <br />be incorporated into respective rental housing home agreements. <br />¦ All owner-occupied housing units purchased with HOME funds must be a primary residence and <br />are subject to a maximum purchase price and resale provisions. <br />During the 2011-2012 report period one homebuyer was assisted with ADDI funds - ADDI-assisted <br />units are subject to HOME Section 215 housing subject to 24 CFR 92.254. All rental units assisted <br />with HOME funds during 2011-2012 are subject to 24 CFR 92.252. <br />08/23/2012 16 <br />19C-24