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Fair Housing Act — Title hili of the Civil Rights Act of 1965., as amended by the Fair Housing Amendments Act of
<br />1988.
<br />Fair Market Rents (FMR) - Estimates of the rent plus utilities that would be required to rent privately owned,
<br />decent, safe, and sanitary rental housing of a modest nature with suitable amenities.
<br />Fair Market Value -The price that would be paid for property offered on the open marketfor a reasonable period
<br />of time with both buyer and seller knowing all the uses to which the property could be put, and with neither party
<br />under pressure to buy or sell. .
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<br />Family ---All persons living in the same household who are related b ren �: birth, gi or adoption.
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<br />FAR (Floors Area Ratio) - The ratio of square feet of floor- space to the s, feet'°o : l e site on which a building is
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<br />FHA - federal Housing Administration. A division of the L]. ,:pg Ti lent of (lousing and �.1fH ,Development,
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<br />main activity is insuring residential mortgage loans rnade. roared iender;s to qualified bore �;s in
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<br />F!rst-Time Homebuyer— Under federal law, ary, )di iduai or far ill ; Fhas riot o wined a home during the three-
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<br />FNMA -- Federal National it ortgage Association,.� ularl�,r kr� �-��i~annier� � a federally chartered
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<br />Foreclosure -An autlorieedure t;} a more or lender, under the teras of a mortgage or deed of
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<br />trust for the purpose of: polying the p ro pg1V toward t ; :y ment of a defaulted debt.
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<br />en .6 n - An adoptedt t e n t } : icy for the physi caI deve Iopr ent of a comrnun1ty required by State
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<br />NMA - Governthent National Mortgage Association (Ginnie Mae), created in 1968 to tale over special assistance
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<br />Grantee — Penson or legal 6fitity to which a grant is awarded and that is accountable for the use of the funds
<br />available.
<br />Group Qu arte rs - A facility housing groups of persons not iiv*fng in households (U.S. Census definition). E amples of
<br />group quarters include prisons, dormitories, shelters, and military quarters.
<br />HC[ --California Department Housing and Community Development. Provides housing and planning information
<br />and guidance, State bond funds, low-interest loans and grants for housing development and rehabilitation.
<br />Oversees the Housing Element review process to ensure that Housing Elements are in compliance with State law.
<br />�anta Ana Community RedevelopmentAgencyImplementation Plan ui e� 2010 tO ,Une 30, 2015
<br />For the Wn-ged Santa Ana Redevelopment Project Area Appendix B —
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