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investment rather than placing the entire burden on one segment of our economy through <br />increased fees, possibly lower land values, and ultimately higher market -rate rents. <br />Funds generated from such measures could allow for the city to help subsidize rents for <br />residents who meet certain income requirements, provide funding to help finance below <br />market rate units, and could be used as loans/grants to rental owners to renovate and improve <br />aging housing stock in exchange for maintaining below market rents. <br />Housing Development <br />Additional long-term solutions include supporting policies that allow for the construction of <br />micro apartments. In September 2017, Gov. Jerry Brown signed CAA -sponsored legislation <br />that will help to increase state's stock of micro apartments; these "efficiency dwelling units" <br />are being used by some cities to provide housing for university students as well as shelter and <br />services for homeless individuals. <br />Conclusion <br />CAA and its members appreciate the city tackling these tough issues. As a public policy trade <br />association engaged in cities across Orange County and the state, we are able to offer a variety of <br />solutions and best practices to the challenges you are facing that have been proven effective in the <br />rental housing industry statewide. As the leading organization representing local Santa Ana <br />rental property owners and managers, we are available to work with you on equitable policies or <br />programs that you see best fit the housing needs and uniquely diverse characteristics of the city <br />and its residents. <br />We look forward to working closely with you, your staff, and the community in the coming <br />months to discuss this issue further and identify mutually agreeable solutions to promote <br />attainable and diversified housing options in Santa Ana. <br />Sincerely, <br />Matthew Buck <br />Vice President of Public Affairs <br />California Apartment Association <br />Cc: Mayor Pro Tem Michele Martinez <br />Councilmember Vicente Sarmiento <br />Councilmember Jose Solorio <br />Councilmember David Benavides <br />Councilmember .Tuan Villegas <br />Councilmember Sal Tmajero <br />