29A - NSP2 AMEND TARGET AREA - Laserfiche WebLink

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EXHIBIT 1 CITY OF SANTA ANA NSP 24 SUBSTANTIAL AMENDMENT SUBMISSION The City of Santa Ana proposes to modify its target geography initially identified in its NSP Application submitted in July 2009. Due to continual changes in the housing market, particularly the supply of foreclosed properties available on the market, the City of Santa Ana is proposing to add four higher producing census tracts and remove a census tract that has not provided any properties for the program. RATING FACTOR 1: NEED /EXTENT OF THE PROBLEM (a) Target Geography With the addition of the four census tracts (890.04, 992.48, 992.02, and 750.04), the City of Santa Ana is targeting additional census tracts that correlate with areas of the City in which there is an interest in redeveloping. The City has elected to remove one census tract that has not provided any properties for the program and to focus efforts in the new target areas. Since the City's NSP 2 Application, the City has identified opportunities for more affordable housing along key transit corridor of Harbor Boulevard. The Harbor Boulevard Mixed Use Transit Corridor Plan created a vision for the Harbor Blvd for housing opportunities and created the North Harbor Boulevard Specific Plan. In late 2013, the City approved a project along this corridor which utilized NSP funds. With the revisions to the target area, the City of Santa Ana has identified twenty -one census tracts which are listed below. The four new census tracts are highlighted in red in the table. Taken together, these census tracts have an average maximum score of 18, a number that clearly indicates excessive rates of foreclosure and abandonment that, if left unchecked, will have a debilitating impact on real estate values, crime rates and neighborhood stability in the area. The attached map depicts the City's boundaries, the target census tracts and their corresponding maximum score. NSP 2 Substantial Amendment - City of Santa Ana Page 1 29A -3