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Flores, Dora <br />From: Nathaniel Greensides <br />Sent: Wednesday, February 14, 2024 12:42 PM <br />To: eComment <br />Cc: Hernandez, Johnathan; Brown, Judson <br />Subject: Feb 20th City Council Meeting Agenda Item 28 <br />Dear City Council, <br />I applaud the efforts to increase homeownership via the development of residential real estate to be sold at <br />affordable rates. I was aware of the RFP regarding the approximately $7.8m funds to be put toward home <br />ownership opportunities and even spread the word to some organizations who I believe would make a good fit <br />for the RFP. However, as noted in the staff report, it is not a surprise to me that the requirements of the RFP in <br />addition to the current state of economic affairs resulting in lower than expected submissions. In addition to the <br />proposed amendments from city staff, I also urge city staff and the Council to consider manners of making <br />funds available for conversions of rental units to non -rental housing units, especially where tenants have resided <br />in the same unit for a minimum period of time such as 15 years. There are a few organizations in California and <br />even two specifically in Santa Ana I can think of that are already uniquely poised to assist long-term tenants in <br />the process of buying the apartment where they have lived for decades. <br />Thank you for your consideration. <br />Sincerely, <br />Nate Greensides <br />Resident of Ward 5 <br />