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utilize public inclusionary funds in being converted into housing units for sale. The Santa Ana first time homebuyer funds <br />that are being offered here are also not free money like some on the dais have insinuated in the past. The first time <br />homebuyer funds (which come from the inclusionary funds) are zero interest loans which increases the monthly and <br />long-term expenses for the family or individual making use of the program funds. Additionally, in today's market, old 1 <br />bedroom condos in Santa Ana have a median low price of around $400,000 which equates to families needing to have at <br />least $12,000 saved for the down payment and earn at least $112,893 per year (which assumes that the borrower has <br />no other debts existing) to comfortably afford the home and not be "house poor" as many economists have dubbed it. <br /> <br />I hope that this can weigh in on the decisions made tonight. <br /> <br />Sincerely, <br /> <br />Nathaniel Greensides <br /> <br />War 5 Resident <br /> <br /> <br />2 <br />