19D - RPT - QRTLY HOUSING RPT - Laserfiche WebLink

Home Browse Search

Quarterly Housing Projects & Activities September 4, 2012 Page 6 Table 4: NSP2 Single Family Properties Available for Sale Address Affordability Level 1317 W. Ra mar Street Moderate 2032 Artesia Street Moderate Table 5: NSP 2 Single Family Properties Sold Durinq the Third Quarter Pro a Address Silent 2nd Income Level 1119 W. 5th Street $10,000 Moderate 410 E. Wakeham Ave. $10,000 Moderate 323 E. Chestnut Ave. $10,000 Moderate 216 N. Bush Street $10,000 Moderate The partnership of Orange Housing Development Corporation (OHDC) and C&C Development was also selected to implement the NSP2 Multifamily Acquisition/Rehabilitation Program. To date, the partnership has used $4.29 million in NSP 2 funds to acquire a 26-unit multi-family property at 326 S. Garnsey Street. Once completed, 25 of the units will be rented to very low-income families at affordable rents. The remaining unit will be reserved for the onsite manager. All 26 units offer two bedrooms. NSP 3 Program The U.S. Department of Housing and Urban Development (HUD) has allocated the amount of $1,464,113 in NSP 3 funds to the City of Santa Ana. To receive these funds, the City adopted a substantial amendment to its Annual Action Plan and submitted it to HUD on February 28, 2011. The amendment was approved and the City signed a grant agreement with HUD on March 10, 2011. The City will implement the following programs with these funds: Acquisition/Rehab/Resale-50 Percent of Area Median Income Acquisition/Rehab/Resale-120 Percent of Area Median Income Administration In order to facilitate implementation of the first two programs, the City released a Request for Proposals (RFP) for intermediaries on February 28, 2011. The RFP solicited the services of an individual or firm qualified to acquire, rehabilitate, and resell foreclosed and abandoned single 19D-6