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<br /> Annual Action Plan <br />2023 <br />65 <br />OMB Control No: 2506-0117 (exp. 09/30/2021) <br />covenant stipulates that the City has the right of first refusal before foreclosure and may use <br />additional HOME funds or other resources to acquire the housing in order to preserve the housing’s <br />affordability. <br />Recaptured funds may be used for any HOME eligible activity. These recaptured funds are identified <br />in the City’s accounting system by a unique recaptured revenue object number. Any recaptured <br />funds will be used by the City before any additional HOME funds. <br /> <br />3. A description of the guidelines for resale or recapture that ensures the affordability of units acquired <br />with HOME funds? See 24 CFR 92.254(a)(4) are as follows: <br />See above. <br /> <br />4. Plans for using HOME funds to refinance existing debt secured by multifamily housing that is <br />rehabilitated with HOME funds along with a description of the refinancing guidelines required that <br />will be used under 24 CFR 92.206(b), are as follows: <br />N/A – the City will not be using HOME funds for this activity. If the City elects to refinance existing <br />debt, it will provide its policies and procedures as part of an amendment to its Action Plan. <br /> <br />Emergency Solutions Grant (ESG) <br />Reference 91.220(l)(4) <br /> <br />1. Include written standards for providing ESG assistance (may include as attachment) <br />ESG funds will be used for eligible activities under five program components: street outreach, <br />emergency shelter, homelessness prevention, rapid re-housing assistance, and Homeless <br />Management Information System (HMIS) costs, as well as allowable administrative costs and <br />activities. ESG applications go through an open and transparent proposal process. The Community <br />Development Agency is responsible for ensuring that the ESG program is implemented in <br />accordance with all Federal rules and regulations. <br />2. If the Continuum of Care has established centralized or coordinated assessment system that <br />meets HUD requirements, describe that centralized or coordinated assessment system. <br />Orange County, in collaboration with the CoC and other ESG entitlement jurisdictions including the <br />City of Santa Ana will utilize assessment and evaluation instruments developed in consultation with <br />the HIMIS lead agency and previously funded HPRP grantees. The County ensures ongoing <br />coordination of program design and eligibly standards. The City will provide funding for the <br />administration of the HMIS data entry system. <br />EXHIBIT 1