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010306 Loan Agmts Ross Durant, LP and Auth of Relocation Plans
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01/03/06
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010306 Loan Agmts Ross Durant, LP and Auth of Relocation Plans
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11/5/2013 11:00:40 AM
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Rehabilitation work in the Project will result in the need to temporarily displace 24 residents <br />from their units. Temporary relocation needs will be met by utilizing available on -site units <br />or units owned by the Developer less than a block away. The Developer anticipates that <br />all households will be accommodated on -site and no temporary units off -site will be <br />required. <br />Due to the rehabilitation work and income criteria, 5 households will not be able to return <br />to the Project once the units are rehabilitated. <br />For purposes of determining the availability of rental housing resources for the permanent <br />displacees within the City of Santa Ana, a survey was conducted during the month of <br />November 2005. The results, summarized below in Table 6, indicate the number of found <br />& needed units by bedroom size, the cost range in each category and median market rent <br />for each category. <br />Table 6. Rental Unit <br />Avail,44ility.and!Cost'by <br />ddrogrn Size <br />Studio <br />1'bedrgoin <br />'.2:bedroom <br />3'bedTo0m', <br /># Found (# needed) <br />41 (2) <br />77 (1) <br />71 (2) <br />21 (0) <br />;Rent;Range <br />$550 - $1,180 <br />$795 - $1,350 <br />$895 - $1,870 <br />$1,250 - $2,100 <br />MdrkGt:96d anAti nt. <br />$825 <br />$950 <br />$1,295 <br />$1,600 <br />It is expected that there will be more than adequate resources to house the 5 permanent <br />displacees given the balance between needs and available resources. <br />Concurrent Displacement <br />There are no known projects that are planned concurrently with this project in the City of <br />Santa Ana or surrounding areas that would compete with existing or anticipated housing <br />resources. <br />Prepared by Overland, Pacific & Cutler, Inc. Page 10 <br />7 -52 <br />
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