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The sub -prime mortgage industry crash has also made it difficult for lower income buyers to <br />qualify for a mortgage. In response to the corresponding increase in mortgage defaults and <br />foreclosures, Congress created the Neighborhood Stabilization Program (NSP). The primary <br />objective of NSP is to stabilize neighborhoods that have been distressed by abandoned and <br />foreclosed properties. Between 2008 and 2009, the City received two NSP awards of <br />$5,795,151 and $10,000,000. In Fiscal Year 2010 -2011, the City received a third NSP grant <br />award for $1,464,113. During 2013 -2014, these funds were used to acquire, rehabilitate and <br />subsequently sell one housing unit to a qualified buyer. Another unit, has been acquired and is <br />currently in the rehabilitation phase. It is anticipated that this housing unit will be sold during <br />next report cycle. HUD has created a separate reporting system for NSP funds. Reports <br />regarding the use of Santa Ana's NSP funds may be,, viewed ,on the City's website at <br />httP://www.santa-ana.org/cda/nsp.asp. <br />• The City linked rehabilitation incentives with coordinated Code Enforcement' efforts. The City <br />made resources available to existing or prospective rental property owners to eliminate building <br />code deficiencies. Once improved, these units will expand the supply of standard housing in the <br />City. <br />• Neighborhood residents were encouraged to participate in the preparation and implementation <br />of neighborhood assessments and plans. ; Santa Ana's Neighborhood Initiatives Program <br />provided the means to facilitate this participation. City staff members (i.e., District Managers) <br />are assigned to one of two geographic areas of the City. This staff is responsible for <br />coordinating the implementation of housing and community projects within their district and <br />interacting with the City's 64 neighborhood associations. This coordination includes working <br />with other city departments, public utilities, property owners, tenants, nonprofit agencies and <br />the school district. <br />5. ACTIONSTO IMPROVE PUBLIC HOUSING AND RESIDENTS INITIATIVES <br />There is no public housing in the City of Santa Ana. <br />25 DRAFT 2013 -2014 CAPER <br />Exhibit 2 <br />19F -34 <br />