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lead -based paint hazards. Young children are particularly susceptible to these hazards, and lead <br />poisoning can have long term, deleterious consequences for them and their families. In this <br />regard it is important to note that Santa Ana has a very young population, and so more children <br />at risk of lead -based poisoning. According to the 2000 Census, children under the age of 18 <br />and family forming adults between the ages of 25 and 44 each comprised more that 34 percent <br />of the City's population. <br />A final contributing factor is gang activity. The poorer neighborhoods in the City of Santa Ana, <br />many of which are in the NSP 2 target geography, have long been negatively impacted by gang <br />activity. Gangs are prone to congregate in vacant buildings, causing disruption in the <br />neighborhoods and in most cases physical destruction of the homes they take over. They also <br />are a deterrent to attracting new homebuyers. <br />(5) Activity Categories <br />The City will continue its NSP2 activity categories in these four proposed census tracts. The City <br />has determined that the NSP2 activity category most likely to achieve neighborhood <br />stabilization in the City's targeted neighborhoods is the establishment of financing mechanisms <br />for the purchase, redevelopment, resale and /or rent foreclosed upon residential properties. The <br />City believes that through its proposed programs it will be able to address the destabilizing <br />impact of most of the factors identified above. <br />The Downpayment Assistance and Single Family Acquisition and Rehabilitation Programs will <br />have the following positive benefits: <br />• Over Valuation. Properties will be purchased at prices established in accordance with <br />appraisals. Buyers will not be assisted to purchase homes at inflated prices. <br />• Subprime Mortgages. Buyers will be required to obtain homebuyer counseling and <br />conventional, fixed rate affordable first mortgages. <br />• Lower Household Incomes. Buyers will be provided with silent second mortgages. <br />NSP 2 Substantial Amendment - City of Santa Ana Page 10 <br />29A -12 <br />