Item 07 - 2024 General Plan Annual Progress Report

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Attachment B Name of Program Objective Timeframe in KE Status of Program Implementation During CY 2024, the City continued to support low- and moderate -income households through its My First Home program, providing down payment assistance loans of up to C. Offer down payment assistance to $120,000 for low-income households and up to $80,000 for moderate -income 41. Family Housing qualified low-income and moderate -income Ongoing households. A total of 19 households received assistance, helping them achieve families (see program No. 34). homeownership and improve housing stability. This program continues to be a vital resource for residents in Santa Ana, making homeownership more accessible and affordable for those in need. In CY 2024, the City continued to encourage the development of larger rental and ownership units for families, including low- and moderate -income households, through its annual RFP for affordable housing. The focus remained on projects offering three - and four -bedroom units for large families and providing additional services like childcare when feasible. Recent project updates also include: Westview House (2530 & 2534 Westminster Ave.): This project includes 84 affordable units, with 58 three- and four -bedroom units. 75% of the units are reserved for extremely low-income households at 30% AMI. The project was completed in 2024, and residents have moved in. D. Encourage the development of larger Crossroads at Washington (1126, 1136, & 1146 E. Washington Ave.): The 85 rental and ownership units for families, including lower and moderate -income affordable units include 42 three- and four -bedroom units. The development is 100% families, through the selection criteria for occupied as of October 2024. 41. Family Housing the RFP for Affordable Housing Ongoing Habitat for Humanity (1921 W. Washington Ave.): This project will provide six Development (see program 2) that is issued once a year. The objective is to finance the ownership units, each with three bedrooms and 2.5 bathrooms for low-income development of at least one multifamily households at 80% AMI.On July 16, 2024, the City approved the Conditional Grant affordable housing project per year. Agreement and Density Bonus Agreement for the development of this project. Furthermore, as part of the selection process for RFP #23-156, the City selected Habitat for Humanity to develop the following two homeownership projects for local families: 621 W. Alton Ave. will construct 40 three -bedroom, one and a half bath homes for low - and moderate -income households. 425 E. Wellington Ave. will convert a 9-unit rental property into affordable ownership units, with $920,000 in Inclusionary Housing funds allocated for down payment assistance.