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PROGRAM DESCRIPTION ELIGIBLE ACTIVITIES <br /> ¦ Vocational Training <br /> Workforce Investment funds are used to assist ¦ On-the Job Training <br /> economically disadvantaged Santa Ana youths ¦ ESL & GED Prep Courses <br />Workforce Investment Act and laid-off adults to develop work skills and <br /> vocational training in order to obtain productive Welfare to Work <br /> employment opportunities. ' Resume Prep, Lay-off <br /> ® Aversion <br /> <br /> • Business Retention & <br /> Outreach <br /> Program that subsidizes rental for very low- <br />Housing Choice Vouchers income families, individuals, seniors and the <br /> 0 <br />disabled. Participants pay approximately 30% of <br /> adjusted income toward rent. SA Housing ' Rental Assistance <br />$27,541,014 Authority pays balance of rent to property owner <br /> and administers the program -2,699 vouchers <br />Neighborhood Stabilization • Acquisition <br />Program (NSP) 1,2 & 3 Federal grant program that provides targeted ¦ Rehabilitation <br /> assistance to acquire and redevelop foreclosed ¦ Resale of foreclosed & <br />$2,952,558 homes and residential properties that might abandoned residential <br />(balance of grant funds & program otherwise become sources of blight. properties <br />income) ¦ Program administration <br /> Program encourages private capital investment to ¦ New Construction <br />Low Income Housing Tax Credit develop affordable rental housing for low-income <br />(LIHTC) households. Tax credits are available to ' Housing Rehabilitation <br /> individuals and corporations investors ' Acquisition <br />STATE RESOURCES <br />California Dept of Housing & Low interest loans for the development of ¦ Ownership & Rental <br />Community Development affordable housing Housing Projects <br />CITY OF SANTA ANA RESOURCES <br />Santa Ana Redevelopment <br />Agency Low Income Housing Redevelopment Agency activities were <br />Set-Aside Fund terminated by the State Legislature. Resources no ¦ None <br /> longer available <br />$0 <br /> The City allows an increase in density to <br />Density Bonus developers who set-aside at least 25% of their ¦ Density Bonus <br /> project to low- and moderate-income persons <br /> The Housing Authority has the authority to issue <br />Tax Exempt Bonds tax-exempt bonds. Bond proceeds are used to ¦ Housing Development <br /> develop affordable housing <br /> If available and appropriate, City or <br />City/Agency Owned Land Redevelopment Agency owned land might be ¦ Housing <br /> made available. <br />18 <br />DRAFT 04/22/2013 <br />29A-23