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issues revolving around personal finances (lack of down payment, credit history, employment history) <br />affect the availability of affordable housing for residents. Market factors that tend to restrict affordable <br />housing production are: high land costs, high construction costs, and the availability of financing. <br />In an effort to mitigate these barriers, Santa Ana has undertaken the following actions: <br />-City Council adopted an inclusionary housing ordinance referred to as Housing Opportunity Ordinance <br />(HOO) that requires 15% of all new units in Santa Ana to be affordable to very low -, low- and moderate - <br />income households. <br />, <br />-The City utilizes limited public resources to fund the develo mend and /or the acquisltion and <br />rehabilitation of rental housing units. This public assistant Ni114Fesult In lower rents for assisted units <br />thus partially offsetting the impacts of some of the ba,,%&&s lit ed above Collaborating with CHDOs helps <br />ensures long -term affordability and maintenan ng units <br />-The City's Housing Authority conducts outreach <br />in the <br />tenant <br />Consul <br />Disco: <br />OMB Control No: 2506 -0117 (exp. 07 /31/2015) <br />Annual Action Plan <br />2015 <br />19E -42 <br />ers to e"ncaurage participation <br />ing is <br />to <br />34 <br />