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C(TY OF SANTA ANA <br />2006-2007 ANNUAL ACTION PLAN <br />~~ • <br />PRNATE RESOURCES <br /> 1. Community Home Buyer Program -Fixed <br /> rate mortgages <br /> 2. Community Home Improvement Mortgage Homebuyer Assistance <br />Federal National Mortgage Program -Mortgages for both purchase ^ Homebuyer <br />Assoc. (Fannie Mae) and rehabilitation of a home Assistance/Rehab <br /> 3. Fannie Neighbor -Under served low- ^ Expand Home Ownership <br /> income minorities are eligible for low for Minorities <br /> down-payment mortgagesforthe <br /> purchase of sin le family homes <br />California Community Nonprofit mortgage banking consortium that <br /> <br />Reinvestment Corp. <br />pools resources to reduce lender risk in ^ New Construction <br /> <br />CCRC <br />financin affordable housing ^ Rehabilitation <br /> <br />Federal Home Loan Bank Direct subsidies to nonprofit and for-profit ^ New Construction <br />~ ExPand Home Ownership <br />Affordable Housing Program developers, and public agencies for affordable <br />low-income ownership and rental projects for Lower Income <br /> Persons <br />Orange County Affordable Nonprofit lender consortium ' Construction Financing <br />Housing Clearinghouse ^ Permanent Financing <br />ATTACHMENT 1 ~ ~~_~~ M20/O6 <br />