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FULL PACKET_2015-08-04
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FULL PACKET_2015-08-04
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7/21/2016 3:34:49 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Date
8/4/2015
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Quarterly Report Housing Division <br />Projects and Activities (April — June 2015) <br />Page 4 <br />rehabilitation is complete, the property will yield eight affordable rental units consisting of 4 one - <br />bedroom units, 2 two- bedroom units and 2 three - bedroom units. <br />In -Fill Development Projects <br />Habitat for Humanity of Orange County completed the construction of one single - family dwelling <br />located at 1314 N. Eastwood Avenue. The property is currently for sale for a qualified homebuyer <br />whose income is at or below 120% of the area median income. 793 Concord Street was sold to a <br />qualified homebuyer at the end of the quarter. <br />Habitat for Humanity of Orange County continues the construction of two single - family homes <br />located at 4106 and 4110 W. McFadden Street. <br />Depot at Santiago (70 -Unit Affordable Rental Housing Development) <br />The Developer and the City was successful in receiving funds from the Strategic Growth <br />Council's Affordable Housing and Sustainable Communities (AHSC), otherwise known as Cap & <br />Trade funds. These funds are a result of the first round of applications for affordable housing <br />projects and active transportation. The Developer has applied for the second round of 9% Tax <br />Credits on July 1, 2015. <br />815 N. Harbor (70 -Unit Affordable Rental Housing Development) <br />The Developer was successful in obtaining 4% Tax Credits. Construction is anticipated to begin <br />in the next quarter. <br />STRATEGIC PLAN ALIGNMENT <br />The activities covered by this report allow the City to meet Goal #5 (Community Health, Livability, <br />Engagement & Sustainability) Objective #3 (Facilitate diverse housing opportunities and support <br />efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Executive Director /) k--' <br />Community Develoopent Agency <br />19E -4 <br />
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