Laserfiche WebLink
Affordable Housing Fund Policies and Procedures - Eligible Uses and Activities (Page <br />75B 92 <br />• The proposed amendment removes Cooperative Housing Programs as an eligible <br />use <br />Cooperative housing programs have been used to create and preserve affordable <br />housing throughout the country, reducing displacement among low and <br />moderate income residents by retaining affordability even in the midst of rapidly <br />gentrifying neighborhoods. Coupled with legislation allowing for the first right of <br />refusal and opportunity to purchase, residents can retain their housing and <br />experience supportive first-time home ownership. Public Advocates, Housing <br />California and the Coalition for Nonprofit Housing and Economic development are <br />just a few of the many advocates for place -based strategies that stabilize tenants <br />and communities through strategies like Cooperative Housing Programs. There <br />should be no reason to remove a use that can increase the supply of affordable <br />housing in Santa Ana and that aligns with the HOO. <br />We urge you to vote against the proposed amendments to the Housing Opportunity <br />Ordinance. The proposed amendments are inconsistent with the intent of the <br />ordinance and do not advance its goals. <br />4�� <br />Rev. N. Adiel A. DePano <br />Lead Pastor <br />