19D - QRTLY RPT HOUSING - Laserfiche WebLink

Home Browse Search

Quarterly Report Housing Division Projects and Activities (Oct - Dec 2013) Page 3 Staff also audited files for 61 projects and conducted code compliance inspections for 33 units in three projects. Regulations require that only a sample be selected for inspection. Staff also inspects the grounds and common areas such as laundry rooms to insure they also meet City code requirements. The majority of the inspected units as well as the grounds and common areas were found to be in compliance at the time of initial inspection. Some of the units had minor deficiencies including loose toilets, faulty GFCI outlets and inoperative smoke alarms. All of the deficiencies were repaired and the units were found to be in compliance at the time of the subsequent re- inspection. Subordinations Mortgage interest rates have increased resulting in a decline in the number of requests for subordination. During the last fiscal year there were a total of two requests for subordination received. One was approved and one was denied because the applicant did not qualify. Subordination requests are reviewed for conformance with City policy and granted to homeowners that were refinancing their existing first mortgage to a more favorable interest rate. Per the subordination policy, no cash is allowed to be taken. Development Projects NSP 2 Program The City's second award (NSP 2) for $10 million was received through a highly competitive process in which only 15 local government agencies were successful. Most awards were made to nonprofit consortiums. Under the terms of this award, there is no obligation deadline to meet; however, there is an expenditure deadline. In the first quarter, HUD approved a technical amendment to allow the City to close the DPAP activity and move the remaining $336,860 to the Single - Family Acquisition - Rehabilitation activity. There were no properties acquired or sold during this quarter. 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 grant activities are: • Acquisition /Rehab /Resale -50 Percent of Area Median Income • Acquisition /Rehab /Resale -120 Percent of Area Median Income • Administration The City's intermediary ANR has been actively seeking foreclosed properties in the NSP 3 target area. During this quarter, the property located at 1223 Baker Street was sold to a qualified homebuyer. 19D-3