|
Incidental Expenses — Closing Costs
<br />One -time, non- recurring closing costs associated with the purchase of a comparable, replacement dwelling
<br />are compensable. Examples of such compensable expenses include costs for: a property survey,
<br />preparation of a legal description and deed, recording fees, loan origination fees, appraisal fees, a credit
<br />report, certification for structural soundness, and, termite inspection, when required. Prepaid recurring
<br />expenses for mortgage interest, property taxes and insurance are not compensable.
<br />Owner Occupants Relocations
<br />For this project there are approximately 6 owner occupants that will have to be relocated. Owner
<br />occupants are eligible to receive moving benefits, purchase price differential and non - recurring cost.
<br />Tenant Relocations
<br />Upon our staff research it was discovered that at least two single family homes have multiple families living
<br />in them. In addition, there is also one Section 8 household that was identified.
<br />IV. ASSESSMENT OF AVAILABLE RESOURCES
<br />REPLACEMENT HOUSING AVAILABILITY
<br />From our research it does not appear like there will be any issues in finding replacement housing in and
<br />around the area.
<br />NI/e 1: 34: iM: 4:6M nl4, NIre wN4K• Z97a11111[•],I:4 *X1l:T" "NN4,Illre1I&I
<br />b t
<br />UNIT TYPE .
<br />0V 8EW Bp;TH
<br />MbNTHL
<br />RENTALS
<br />1330 N Bush St #44, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,150
<br />1313 W. Memory In, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,295
<br />3663 S. Bear St, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,295
<br />2414 N. Tustin Ave, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,310
<br />811 S. Fairview St, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,315
<br />2701 W. McFadden Ave, Santa Ana, CA
<br />APT
<br />1/1
<br />$1,360
<br />1507 N Durant St #55, Santa Ana, CA
<br />APT
<br />2/2
<br />$1,400
<br />1026 Highland St, Santa Ana, CA
<br />Townhouse
<br />2/1.5
<br />$1,425
<br />1423 S. Sycamore St, Santa Ana, CA
<br />APT
<br />2/1
<br />$1,456
<br />1313 W. Memory In, Santa Ana, CA
<br />APT
<br />2/1
<br />$1,505
<br />1101 W. Stevens Ave, Santa Ana, CA
<br />APT
<br />2/1
<br />$1,573
<br />1001 W. Stevens Ave. Apt. 415, Santa Ana, CA
<br />Condo
<br />2/2
<br />$1,650
<br />1460 Cabrillo Park Dr., Santa Ana, CA
<br />Condo
<br />2/1
<br />$1,695
<br />Page 117
<br />RELOCATION PLAN
<br />Bristol Street Phase 4 Project
<br />
|