|
HUD - The U.S. Department of Housing and Urban Development. Established by the Housing and Urban
<br />Development Act of 1965 to supersede the Housing and Hone Finance Agency. Responsible for the
<br />implementation and administration of government mousing and urban development programs includes community
<br />planning and development, housing production and mortgage credit (FHA), equal opportunity in housing, research,
<br />and technology.
<br />Inclusionary Zoning - In general, a local ordinance requiring that a developer of new housing produce a specified
<br />number of affordable dwelling units as a condition of the right to develop.
<br />Infrastructure — Public improvements which support development, including street-1'provements, lighting,
<br />sewers, flood control facilities, water lines, and gas lines.
<br />T ajFt ijtF
<br />r•R'r
<br />Jurisdiction —A State or unit of general local government.
<br />r
<br />+ #
<br />r w r•#•f �. Fr � # #
<br />s•�FF *'I rFIFr•�TI
<br />r F • I r t r t t
<br />r r # t T
<br />/trr rrl' *Rt#'r#r#tt�Tt
<br />r t•r '' I T
<br />Large Household - A household with five or more members. •,.#:;.;. ��� `�x,FrTT,t,,tTR
<br />}r F/tl�'�� Yat+t}iFFtF'F'#
<br />rtrrr•�#r•r•1 t [v+�IrTtttiltTT,
<br />}rll#•rlr•t ## }yf Ttkr rrr+, x#
<br />Lead-based Paint Hazards — A lead-based paint hazards as,,d. fified in part .duh part B of Tits
<br />r r t F T++ R Y r R r
<br />i r,'rlt###.'tkF TTt#IfIYYt#t•*% +,TrFr+tt+f,
<br />ii+#F'�tit/F�rk r±rFT►trr+#*t##ri ww F
<br />f F
<br />•I+ttrFttx FtF! rrtl rrF#r#T##t xl
<br />t t t +eta r� I rT T #
<br />Leverage �- Funds from non-pubIic sources that are cont ributeI � .prrj #. .�For example, Redevelopment Agency
<br />+efsfr•ttrrr ##Yxr'T xTTrr#
<br />funds invested ire a project would be said to bqjvera gd by privab 'd6ffitions or conventional loans contributed
<br />NFrt�tylrrtlt,Tt+T Irtr',rT'xr#TT
<br />o N same
<br />{proji �}tItftt ttYrRlifrrrrrT t*x#`tt}rl lrF+a ,#ttFFtt,, I#�+T }tltt.# ! T ##x#l#tt# lTt+tlatT„,aftlT#,T }#
<br />s#F
<br />}
<br />*err*rTT xT + f,F'rFrF#'rT r', y,- ##ttTT',aFrFwa
<br />j�#TrTrT}a # IrTt,,rra,#=rF, f#,,,xxrF LaaT
<br />F'rttT,t% ' /I �TTI,fTr,'Frt'trr ##', r'TF,TT
<br />•i #ITa,FTF *I•h', Fr+rF,F xa rF a +++Ta, ,'T',st
<br />L[HT - Low Income Housing Tax Credit. #T',',Ff'T •,-#.#:t;•:,:F.,.,.. '#ITT,a Y'T
<br />�,tt r,a xr,TTTft++
<br />Y f R r , T r T+
<br />I`F F�fr'tFa #�,'T ,,'rT,TT',,a,#,',Fay
<br />r'TTtt rrYY t�F _ *#t'FFr
<br />Ifr'r,rT r,T#'� *'T',f F',ar'trr + !
<br />FrrrtTtrrYYi#t{ % %, }!'S Fr, ,,a,t, ry,A . . . + + r•ti�Rr'
<br />t'r'trr r}
<br />yy/ t r T I T,} r t t t r f F r r•} trr it ,, rr i� r r r r r � r r T
<br />Y t a# T a r Y t Y f F t Y �. Y+, ,,• T, r r r r r f
<br />* #T xY T #stTrT Ir f t #R+rr }F # r_rfrar i i
<br />Loan guarantee -Comm[tr, [ 'thatthe,go . r Fr ed portion`" f.`6 loan w!ll be repaid if the borrower
<br />[rtT.Fr�Fr, „r r,tTFTTr#T°- {,' rrr'r r•r
<br />d efa u l ts. VA loa n s a re guT r i ed l o a n s..# �±;+;#+,,
<br />} rrTt,T xrl # r
<br />T , ,at
<br />T','F'aarFFyf r 'rr Rrr
<br />, #','F'I i r
<br />IaFta* r
<br />,atx,r rT', r r'}
<br />+F
<br />, T......
<br />Low -Income Household =�*f!.
<br />ed as a _hrold. arning ' Ven and 80% of the area median (as adjusted
<br />. + Rrrx a :': • rr Yy t',', F. four household size bar HU rry� „ A�t�:, :•.•. Fr�r.',r ':;.•.•
<br />rrT rr,r �r'', s+f Frr
<br />F 'if r' + trr r•ttr'r . f r�..r 1
<br />r [r ,•Y s , f r r�+', , - f'r�trrt rf
<br />r rrT'r r _ '+� TFI •}r/trtrF
<br />, r'y�•i r r
<br />. ......
<br />/ + rr raFrr rr + rrrrrrrrrrrr rrrrr,rrrra
<br />��M•r•r
<br />Low Inco u ing T V it � Prr•i,'r•.rr .arm established by the Federal and California State governments that
<br />rovtosA ome tax redu t W,'f�; inv &inthe low-income housin .
<br />p V
<br />/ i � # # t •r rrk # t
<br />fi�fr.F. Fi��* . ffi�r�l+t�'{#. i•t•t'.�t*t�tR
<br />fi�;ffr}{fFwr. *}ITttr•*rft ws•t tf{/ t'tTr
<br />*�flr�.#'.': t�##rt.#+'{a + tttlttrrt
<br />fir+�#r+11 t 4#/rt tT �
<br />Lover- and P r t -In om Hod i � ld - H us holds whose incomes arebetween o and 120% of the median
<br />f# 0t+tr###+*i . f'r#�fr
<br />income for tf i a or a adjust c ,� HUD. The income range varies by program.
<br />ee
<br />rtalT r,,,{ Rr,rT±, FFt{
<br />. �r.�trtr
<br />""
<br />[ ar t Value why :rwl l! pgrN&r could reasonably expect to re eive if he/she were to sell his/her property o
<br />the open ma et to a rfi w1111ng'.. yer, r rry trf
<br />.rrr
<br />r�r
<br />M CC -11 ortgage Credit Certificate Program, a federal program to assist first time hoebuyers.
<br />Median Income -The level above which 0 of the households have a higher income and o of the households
<br />have a lower income.
<br />Mixed -Use Project — Developments that combine uses, such as retard on the ground floor and residential above.
<br />Santa Ana Community RedevelopmeotAgenC Implementation Plan July Ir2010 tJune % 2015
<br />For the Merged Santa Ana Redevelopment Project Area Appendix B —
<br />
|