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could be forwarded to the City Council for consideration along with the three city <br />projects, recognizing that not all could be funded; and recommended proceeding <br />with a Substantial Amendment identifying the potential projects for funding <br />consideration utilizing the $750,000 in reallocated funds.. <br />6. CDBG — Santa Ana New Business Incentive Program Funding Plan <br />Marc Morley, Economic Development Specialist III, presented New Business <br />Incentive Program for Santa Ana and some of the eligibility requirements. The <br />program is modeled after Long Beach's long- standing successful program to assist <br />new small businesses. <br />Vince Sarmiento would like to see if displaced businesses could be identified as <br />possible candidates for this program. David Benavides asked if contact could be <br />made with the Chamber of Commerce or business associations to assist <br />prospective applicants. <br />NSP Housing Project — Harbor Blvd. <br />Revised Neighborhood Stabilization Program (NSP) 2 and 3 update provided. <br />Discussion of possible development of multi - generational household homes needed <br />to accommodate larger families. Shelly Landry- Bayle, CDA Housing Division <br />Manager, stated that there is $400,000 in NSP funds that must be expended by <br />October 22, 2013. <br />All four action items were approved by committee members. <br />Unsolicited Proposals <br />Due to time constraints, this item will be placed on next meeting's agenda. <br />Adjournment — 7:21 pm <br />Teresa irez, ing ce E� tive Secretary <br />August 6, 2013 1 Finance, Economic Development, & Technology Minutes <br />13B -7 <br />