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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 i Lei