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Affordable Housing <br />AP -55 Affordable Housing — 91.220(g) <br />Introduction <br />As noted earlier, the most important impediment to providing affordable housing is due to limited <br />Federal and State resources for affordable housing initiatives. The lack of programs and resources to <br />reduce excessive rent or mortgage burdens to qualified persons is„wa!, Keir factor. <br />Another barrier to providing affordable housing in Santa <br />demand for housing, both existing and new, which excel <br />a� <br />ownership and rental, remain high, especially for low2ifs;11i <br />In addition, the cost of site acquisition is very <br />factors make affordable housing construction <br />low-income households. AMI;”. <br />The Housing Needs Assessment also identified' <br />still remains, which also is outside the scope�%r <br />� <br />revolving around personal,lfi �Y3s (lack of full <br />availability of affordably„ iq� smgk orS,pta Ana <br />In an effort to mitigate the! <br />- In 2015 tltp Clty Cbrir( 11 fr <br />Housin bpportunity Ordlij <br />,Nb <br />residentidfdeyelopment wl <br />to provide either 10%of all <br />units to be affordalJleto loi <br />-The City utilized IimitgdY.i- <br />rehabilitation of rental houi <br />thus partially offsetting the <br />the lhigh cost of housing created by a <br />e{6i, 41 <br />cur{tt�lsupply, Housing prices, both <br />it n <br />houselibld4-,. <br />��t4< <br />ment costs ar�l`s`Q,very high. These <br />'4l.E�9- <br />t affordable housin�J�iut of the reach of <br />urgent cntefl,„in the mortgage origination process <br />tr`ajoa City poflrii Fin some instances, issues <br />a do�4vh I ayment; i br credit history) effect the <br />Ana ha'Q dertaken the following actions: <br />adopted an JncIU510`°nary housing ordinance referred to as the <br />wr:s: <br />,, <br />applies to reslt)ential projects with a zone change that allow <br />se ,e <br />e3re not previously allowed, and include more than 5 units, <br />��91�Ii�W,1 <br />to begrdable to very -low income households or 15% of all new <br />i rces to fund the development and/or the acquisition and <br />;. This public assistance will result in lower rents for assisted units <br />of some of the barriers listed above. <br />-The City's Housing Authority conducted outreach to rental property owners to encourage participation <br />in the Housing Choice Voucher Program. <br />One Year Goals for the Number of Households to be Supported <br />Homeless 300 <br />Non -Homeless 1 0 <br />Annual Action Plan 32 <br />2018 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) 75A-36 EXHIBIT 1 <br />