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Attachment B <br />Name of Program <br />Objective <br />Timeframe in KE <br />Status of Program Implementation <br />In CY 2024, the City continued to monitor Warwick Square Apartments, a project at risk <br />of converting to market rate, as part of its efforts to preserve affordable housing. The <br />City remains in contact with the property owners and has met with them to discuss <br />D. As resources are available, provide <br />options for preserving the property's affordability. On July 8, 2024, the owners of <br />31. Preservation of At Risk <br />technical assistance, financial or regulatory <br />Warwick Square sent a proposal to the City requesting $3.5 million and 8 project -based <br />Housing <br />assistance as feasible to encourage and <br />Ongoing <br />vouchers. The City completed a financial analysis of their proposal on November 5, <br />facilitate the preservation of projects at risk <br />2024. Staff are still reviewing the analysis and proposal to determine if any funding <br />of conversion. <br />could be provided by the City for this project. Regarding Highland Manor, in June 2024, <br />the owner submitted an application to TCAC for additional tax credits. The City <br />conducted a Local Reviewing Agency Project Evaluation Form strongly supporting the <br />project. <br />A. Implement a local preference for <br />On June 4, 2024, the City Council approve the new Local Resident Preference in <br />32. Anti -displacement and <br />residents who live or work in Santa Ana and <br />Affordable Housing Ordinance to comply with the State of California Local Tenant <br />Local Housing Preservation <br />need affordable housing in compliance with <br />2024 <br />Preferences to Prevent Displacement Act and codify the City's existing local resident <br />all state and federal fair housing laws. <br />preference policy. The webpage link for this Ordinance is here: https://www.santa- <br />ana.org/documents/local-resident-preference-ordinance/ <br />B. Explore a right -of -first -refusal ordinance <br />for mobile home parks and publicly <br />32. Anti -displacement and <br />supported multifamily residential properties <br />2024 <br />No update for CY 2024. <br />Local Housing Preservation <br />(including properties at risk of conversion) <br />to minimize tenant displacement and <br />preserve affordable housing stock. <br />32. Anti -displacement and <br />C. Evaluate and pursue collective <br />Local Housing Preservation <br />ownership models for mobile home parks <br />2024 <br />No update for CY 2024. <br />as a tool to prevent displacement. <br />