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Propnsa| for ime City of Santa Ana <br />���� <br />���1�8���r�� <br />^ ����°� <br />the knowledge needed for schools 10 engage inm systematic and sustainable <br />improvement process. Funding will help Pivot Learning Partners to provide Santa Ana <br />Unified School District with a suite of district-level support services totaling $150,000, <br />including coaching with the Superintendent, Cabinet members, and instructional services <br />leaders to promote coherence, consistenry and focus for increased student learning. <br />They want to deepen their partnership further by extending district-level and principal <br />support to provide direct school level coaching to secondary prin6pals in order to <br />improve teaching and learning in Algebra 1 classes for 8th and 9th grades. B0% of the <br />students in Santa Ana School District receive a free ur reduced lunch. <br />|n December 2008.Jr Morgan provided m$4O.0O0 grant tn Jamboree Housing <br />Corporation for their Community Development initiative. Jamboree Housing Corporation <br />i has strengthened communities by developing quality affordable housing and <br />resident services for low-income families, seniors and individuals special needs residing <br />in Southern California. JHC will provide revitalization and redevelopment of the blighted <br />commuNties in the Santa Ana and San Bernardino areas. Through their Community <br />Development Initiative, they will rehabilitate foreclosed homes for affordable resale and <br />develop quality multifamily rental properties. In San Bernardino, JHC will target and <br />acquire 24 single family homes. JMC will rehab the properties, and then sell them to low- <br />Income {omi|ieoaucovanantreotrirtedoffnrdab|ohnua|ngAnag/nemen\ioinp|munwitb <br />NFIS Inland Empire to provide Homebuyer Education. Families may reside in one of the <br />affordable housing clevelopmentsawned by JHC, be community residents or be enrolled <br />inwhonoobuyer education program. |n Santa Ana, JMS will identify and acquire 2Osingle <br />family homes from the bank's HEO inventory as well as one multi-family housing <br />development that will consist v<2U to, 4U housing units The organization self reports that <br />100% of those who will benefit from this initiative are low- or moderate-income. <br />Community Development Lending <br />J.P. Morgan has distinguished itself as a national leader in community development lending, <br />The bank provides financing for affordable housing and economic development protects in <br />low- and mode rate- n"omocommunities. For example, io January 201O'J.P.Morgan <br />originated a $500,000 loan for M David Breaux apartments. The M David Breaux apartment <br />complex io comprised oi10 units, and ia located iomow'intor" community io Santa Ana, <br />Loan proceeds were used for the acquisition of the property and all of the units are affordable <br />to low and moderate -income families. By providing financing, we are helping to preserve the <br />availability of affordable housing for low- and moderate-income households. <br />Community Development Services <br />The Homeownership Preservation Office (HPO) is a department within J,P, Morgan that <br />provides g central point of contact for legal aid groups and affordable housing advocates tn <br />work with Chase Home Finance, the bank's mortgage affiliate, to address specific issues to <br />help sustain homeownership. This department was established in July 2004 and provides <br />services, including: (1 t Helping victims of fraud or other abusive mortgage practices; (2) <br />Restructuring mortgages to help keep victims in their homes, (3) Selling or donating other <br />real estate property to minimize community impact; and (4), Providing loss mitigation <br />seminars tn community groups t* help them work with clients iv mortgage default, <br />Page 85 <br />���� <br />��� � <br />-��� <br />