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C. HUD APPROVED NEIGHBORHOOD REVITALIZATION STRATEGIES OR EZ /EC ANNUAL PROGRESS REPORT <br />In January 1999, HUD designated the City of Santa Ana as a Federal Urban Empowerment Zone <br />(FEZ). The mission of the Santa Ana Empowerment Corporation (SAEC) is to build a sustainable <br />community that fosters economic opportunities for all Empowerment Zone residents and <br />businesses. During the first three -years of designation, the SAEC's mission was supported by the <br />key elements outlined in its implementation plans. These elements include education, job training, <br />job placement, business development, safety, childcare, health, transportation, housing, youth <br />recreation, and arts /culture. Collectively, these strategies played a vital role in furthering the <br />mission of the FEZ program within Santa Ana. In early 2009, the City was notified by HUD that the <br />Empowerment Zone Program would end in December 2009, therefore no additional FEZ funding <br />would be provided. During the 2009 -2010 report period the City initiated the steps necessary to <br />close the program; the City's FEZ program permanently ceased operations in August 2010. <br />D. SECTION 108 LOAN GUARANTEE <br />The City does not have an open Section 108 Loan nor did it apply for a 108 Loan Guarantee during <br />the report period. <br />08/23/2012 41 <br />19C -49 <br />