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EL CENTRO <br />CULTURAL <br />tfi gw <br />DE MEXICO <br />September 18, 2018 <br />Mayor Pulido and City Councilmembers <br />City of Santa Ana <br />20 Civic Center Plaza <br />P.O. Bo 1988, M31 <br />Santa Ana,CA 92701 <br />RE: Consolidated Annual Performance and Evaluation Report <br />Support Development of a Tenant Based Rental Assistance Program <br />El Centro Cultural de Mexico is an alternative space in Santa Ana where the community <br />can find cultural, educational, and artistic activities that strengthen their identities, <br />develop their talents and develop a sense of leadership in their community. <br />Ranked among the top ten least affordable metropolitan areas in the Orange County has <br />been ranked among the top ten costliest metropolitan areas in the countryll]; in the <br />housing market this constitutes a crisis. A resident must earn at least $36.08 per hour to <br />afford a two-bedroom apartment at a fair market rent of $1,876 a monthPI As both rents <br />and the number of low-income residents continue to increase, the number of affordable <br />homes has not kept up with the demand." <br />The average asking rents is the City is $1,687, which is a nine percent increase from the <br />year before, 2017. Rand rents are expected to continue to increaseJ'I With lower wages <br />that are not keeping up with rising rents, so that many renting families continue to <br />struggle financially to live and work in this City. Approximately 60 percent of renter <br />households in Santa Ana are lower income0l and 84 percent of residents held moderate <br />and low-income occupations that are paid less than $53,500 per year.E51 In order for rent <br />to be affordable, only 30 percent of an individual's income should be used towards <br />housing costs. Unfortunately, in 2017, 57 percent of Santa Ana renters overpaid or <br />spent more than 30 percent of their income towards housing costs.«I