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Depot at Santiago Project <br />Relocation Plan <br />III. RELOCATION RESOURCES <br />A. METHODOLOGY <br />For residential housing and commercial sites, a resource survey was initially conducted to <br />identify available units for rent within a five -mile radius from the Project site and then expanding <br />throughout Santa Ana and surrounding communities. The following sources were utilized: <br />Contacts with real estate/property management companies serving the community <br />Internet sources for rental opportunities, including the Multiple Listing Service <br />Classified rental listings from local newspapers and For Rent publications <br />B. REPLACEMENT HOUSING AVAILABILITY <br />1. Residential Rental Housing <br />The rental replacement housing survey considered studios for rent in Santa Ana. This <br />data is summarized in Table 3 below. The individual figures for munber of units found <br />by bedroom size are presented in the table alongside the munber of units needed (shown <br />in parentheses) to meet the re -housing obligations. <br />TABLE 3: Availability <br />and Cost of Replace ent Rental Housing <br />Bedroom Size <br />Studio <br /># Fmind (# Needed) <br />13 (1) <br />Rent Range <br />$650 - $1,020 <br />Median Rent <br />$900 <br />The median rent amount shown in the table is among the figures used to make benefit and <br />budget projections for the Plan. This amount is, naturally, subject to change according to <br />the market rates prevailing at the time of displacement. <br />2. Summary <br />Considering the above described availability of replacement housing resources gathered <br />in September 2013 and again in September 2015, it appears there are adequate <br />replacement resources for the residential occupant. <br />Based on survey results of rental opportunities and the tenants' current rent, the tenant <br />occupant will have an increase in monthly rent. However, possible increases, if any, will <br />be met through the Developer's obligation tinder the relocation regulations, including <br />Last Resort Housing (LHR) requirements. (See Section IV, E). <br />55A914 <br />