Laserfiche WebLink
Quarterly Report for Housing Division <br />Projects and Activities (Jan-March 2013) <br />June 3, 2013 <br />Page 4 <br />a 36-unit multi-family housing project located at 605 E. Washington. NSP 1 funds were utilized to <br />acquire the site. NSP 1 is only operating with program income, and these funds will diminish over <br />time. <br />NSP 2 Program <br />The City's second award (NSP 2) for $10 million was received through a highly competitive <br />process in which only 15 local government agencies were successful. Most awards were made to <br />nonprofit consortiums. Under the terms of this award, there is no obligation deadline to meet; <br />however, there is an expenditure deadline. In the first quarter, HUD approved a technical <br />amendment to allow the City to close the DPAP activity and move the remaining $336,860 to the <br />Single-Family Acquisition-Rehabilitation activity. <br />During this quarter, two properties were sold and one property is pending sale. Tables 3 and 4 <br />provide additional detail. <br />Table 3: NSP2 Sinale Familv Properties Sold During This Quarter <br />Property Address Silent 2" Income Level <br />1227 W. Camile $10,000 Moderate <br />328 E. Harwood Place $10,000 Moderate <br />Table 4: NSP2 Sinale Familv Properties Pendina Sale <br />Property Address Silent 2" Income Level <br />705 S. Kilson $10,000 Moderate <br />The partnership of Orange Housing Development Corporation and C&C Development was also <br />selected to implement the NSP2 Multifamily Acquisition/Rehabilitation Program. To date, the <br />partnership has utilized $3.94 million in NSP 2 funds to acquire a 26-unit multi-family property at <br />326 S. Garnsey Street. The property was rehabilitated by the partnership and the units are now <br />100% leased. <br />NSP 3 Program <br />The U.S. Department of Housing and Urban Development (HUD) has allocated the amount of <br />$1,464,113 in NSP 3 funds to the City of Santa Ana. To receive these funds the City adopted a <br />substantial amendment to its Annual Action Plan, and submitted it to HUD on February 28, 2011. <br />The amendment was approved, and the City signed a grant agreement with HUD on March 10, <br />2011. The grant activities are: <br />• Acquisition/Rehab/Resale-50 Percent of Area Median Income <br />• Acquisition/Rehab/Resale-120 Percent of Area Median Income <br />• Administration <br />19D-4