|
Construction Costs- Broadly, all costs incurred in bringing a building to completion, not including land acquisition,
<br />financing or sales costs.
<br />Construction Loan - A short-term interim roan for financing the cost of construction. The leader makes payments
<br />to the builder at periodic intervals as the work progresses.
<br />Cost Burden - The extent to which housing costs, including utilities, exceed 0 of gross income, based on data
<br />published by the U.S. Census Bureau.
<br />Deed Restriction - A limitation placed in a deed limiting or restricting the use of,�_.ebI property.
<br />Deferred Loan - A loan whereby payment of part or all of the loan is d efe r�; ��f. later time as specified ire the
<br />+ ffrfi,F%+FF* `"+I+f Ff*f*ffY
<br />loan.
<br />r �siY ati}, F J F JJF
<br />Density Bonus - A provision to permit a residential developer totdfiftruct more dwellir� + i; a site than would
<br />normally be allowed, provided the developer includes certain'Mdn Wes or public benefits.�'�'f'�x=•r::-.#-.
<br />rJJ ,a,FFa+ `}f,aF,FF,JJF
<br />xrJJ ,,JJ�,•,Jr aJx#ar#rFF
<br />i•JJ / a x JJr%f,a
<br />, x
<br />Disabled Household - Households in which at least one of t ibs1dents i -ajffi ult with a disabili j�x person i
<br />considered to have a disability if she has a physical, mental, of'-' i r i ["If , irr�n nt that ( ) is expected to be of
<br />indefinite duration, () substantially 1mpedesMs .r her ability to 110466pendently, and ) is of such nature that
<br />• F r F r. f r r r e ,`w
<br />the ability could be Improved by more sui ta b10110 L(,g, ondltions f .l;aiefinition).
<br />f F'YfrfY / !r/•r rrfr�r'fi Y
<br />a rt-*f�fF `'rf"JJ�JrJJJJJrJrf . ` Jr•�r+J ,
<br />Economic Development — A general term indic ti.:; r ject ,ff ilize ar�d"e" i :ance an area- s economy and to
<br /># F r
<br />create or I aintain jobs.-lff•ry/+ { rr++:F:F�;.J.: i .
<br />r X n :. .4MfffffF� �rFr•t { Ff�J�",�r'�"f•'{��'J '{}� ,'*'r
<br />! r`r+�rK%�`+F�',*F}a off•*rrfr+ # �"err r ..f� . f 'r F{+*{".'r
<br />F r , F F y+, J# , ++ Y# fJI{I # t r r r r r r{/ Y t I•/ f I.
<br />rI##rJrr#FFr V{rF r'•
<br />a•rf, `.`f•. rrRaa t , FJ*�� #rt*�r #+r,rta#}FF/ + fFr r�
<br />� � , ""'but
<br />Flrr fb
<br />t
<br />ut an individual must at least gears of age toElderly Person — There i n ': i�ersally ated def! rf F #
<br />qualify as elderly. JrJ.• =, r•. �•:;:} '#;,+,+r:-FxR
<br />• 'e•r J'JrY 'Rs, ,'rr,F ##,#r*F%FaF
<br />��irn •`/ �rrr`R+r ,`�' -r.F.a `#fFaFFRrr'i
<br />•+YY r`Frr
<br />�,-'+' '''+'fir J'+', ,r •. Rr,�rtr�irrtf+r r, fF faa x yf kF, �++, �+
<br />J Y
<br />Emergency Shelter -- A b u i I ir'Yi :i ;F r ra +l dging i s provided, with o r with o u meals, t
<br />'f`I'r'r r, J r Y r, J J J J - {F, ,`R•.`r , r^R•rRr`rrF•
<br />f Rif"t �� r •'r'f'.� wµ*+r . r . , . r JJ�
<br />#
<br />families an J.#:.{'J+••J' •'''•'^' a i s generally providomeless, where oned whenever such shelter%dilo&'-who
<br />"'iR••rFi
<br />f r"f". r•rrrf. �. A•J ,'r
<br />on
<br />�/'�J l�4 i* J* *k *.} #r'Ff r*FJ • 1 ,rrr#rF*r• r•J,'.'t#f
<br />Is V V M ���'+\). S, r*+yaf#*F* r+fir+�#rfry#rfrrfrf}e Y*y'r�Ffi{#rr'rf Mi
<br />. r, T + F F+ f +## r/ fir I r y*ir fi+rrr•rrr h
<br />F�FF#�+�+���r#r FfIFY*fi Iafr}% *rrr'.�r +rlf
<br />FfF� •.r�rJ' r'r
<br />#r#*+trF+FFA.#
<br />lain �- Authrityrernri'genc t a u€�re pro ert for ublic ur oyes, r�th a rnent of
<br />Erine�. , y p y p p R p y
<br />}f�i'fAjust comp r� tion# In the case��-�ev lopr ent agencies, public purposes include the elimination of blight.
<br />Often referr "JT"b"aMs condemnatio --w v
<br />rrf,'J ,r,' •rF
<br />ff'`JJw `s
<br />ffJ�
<br />E It -The interest' ''�'r'a ue,,1��yR.JS 4}r -h an owner has in real estate over and above the current indebtedness;
<br />TI.�'. r F+'.3 SZrner's
<br />7
<br />♦JrJh'r'rrrr
<br />sometimes referred to a,ffi'&`(,•. interest,
<br />ff"'04f00fr
<br />0
<br />Equity Sharing - The generic terra for various forms of hone financing in which a homeowner shares his property
<br />appreciation with another party. Public agencies offering first time homebuyer programs often require that they
<br />receive an equity share from homebuyers who sell their homes before the required period of affordability has
<br />ended.
<br />Extremely Lour -income Household - A household earning between o and of the area median income.
<br />antanaCOMMLln3ty Redevelo pin e-ntAge y I n) p] em enta tionPlan july 1,, 2010 to June , 2015
<br />For the Merged Santa Ana Redevelopment Project Area Appendix B —
<br />
|