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Madison Park Neighborhood Association- Santa Ana, CA BUILDING HEALTHY NEICTHBORI-10ODS TO SUPPORT YOUTH NflCltllc llticctla AND FAMILY WELL BEING l,ru September 18, 2018 Mayor Pulido and City Councilmembers City of Santa Ana 20 Civic Center Plaza P.O. Bo 1988, M31 Santa Ana CA 92701 RE: Consolidated Annual Performance and Evaluation Report Support Development of a Tenant Based Rental Assistance Program The Madison Park Neighborhood Association works to improve the quality of life for all residents in the Madison Park neighborhood and surrounding South -East Santa Ana communities by promoting family health and wellness, safe open space, and youth educational development. The need for housing affordable to low-wage earners in Orange County, California, is enormous. Ranked among the top ten least affordable metropolitan areas in the coumrry 11, Orange County is suffering fromanaffordablehousingcrisis. A resident must earn at least $36.08 per hour to afford a two-bedroom apartment at a fair market rent of $1,876 a month. 121 As rents and the number of residents needing affordable homes have continually increased, the number of affordable homes being built for lower income households has not kept upwiththedemand. The average asking rents is the City is $1,687, which is a nine percent increase from the year before and rents are expected to continue to increase.lsl With lower wages that are not keeping up with rising rents, many rentingfamiliescontinuetostrugglefinanciallytoliveandworkinthisCity. Approximately 60 percent of renter households are lower income141 and 84 percent of residents held moderate and low-income occupations that paid less than $53,500 per year.t51 In order for rent to be affordable, only 30 percent of an individual's income should be used towards housing costs. Unfortunately, 57 percent of renters overpaid or spent more than 30 pet -cent of their income towards housing costs.161 Out of Reach 2018- The High Cost, of Housing National Low Income Housing Coalition, p. 14, 2018. t 7 Out of Reach 2018 -The High Cost of Housing, National Low Income Housing Coalition, p. 39,201 KtslO.C. Rents forecast to rise 9.4% by 2018. 141 City of Santa Ana General Plan Housing Element 2014-2021, p. 14, January 2014. 151 City of Santa Ana General Plan Housing Element 2014-2021, p. 12, January 2014. tbl City of Santa Ana General Plan Housing Element 2014-2021, p. 20, January 2014.