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Aqua Apartments — TEFRA Hearing <br />December 19, 2017 <br />Page 3 <br />California Statewide Communities Development Authority <br />CSCDA is a joint powers authority sponsored by the League of California Cities ("League") and the <br />California State Association of Counties ("CSAC"). CSCDA was created by the League and CSAC in <br />1988 to enable local government and eligible private entities access to low-cost, tax-exempt financing <br />for projects that provide a tangible public benefit, contribute to social and economic growth and <br />improve the overall quality of life in local communities throughout California. CSCDA is comprised of <br />more than 500 members, including the City of Santa Ana. CSCDA has issued more than $58 billion <br />through 1,400 plus financings since 1988 and consistently ranks in the top 10 of more than 3,000 <br />nationwide public issuers of tax-exempt debt, as measured by annual issuance amount. Both the <br />League and CSAC continue to sponsor CSCDA. Issuance fees are shared with both the League and <br />CSAC which have kept member dues unchanged and provide other benefits to all city and county <br />members. <br />The Housing Element of the City's General Plan contains various goals and policies which are <br />intended to provide a diversity of quality housing, affordability levels and living experiences that <br />accommodate Santa Ana's residents to foster an inclusive community. Additionally, the General <br />Plan encourages development of affordable rental and ownership housing for seniors, people <br />with disabilities, families with children, and people needing emergency, transitional or supportive <br />housing options. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts 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 />Rbbert M. Zur S *d <br />Interim Executive ' bctor <br />Community Development Agency <br />Exhibits: 1. Resolution <br />2. Notice to Applicant <br />75C-3 <br />