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163 <br />Explain how federal funds will leverage those additional resources (private, state <br />and local funds), including a description of how matching requirements will be <br />satisfied. <br />The extent of need in Santa Ana far exceeds the available funding from CDBG, HOME, and <br />ESG. Most activities into which these funds are invested will leverage a variety of additional <br />sources including, but not limited to, public and private grants, capital development and <br />general funds, public financing, and private donations. The City has been awarded HUD <br />HOME American Rescue Plan (ARP) and state Permanent Local Housing Allocation (PLHA) <br />funds to further address extremely low- and low-income housing needs including the <br />needs of residents experiencing and at risk of experiencing homelessness. The City has <br />Low- and Moderate-Income Housing Asset Funds (LMIHAF) which may be used to <br />supplement homeless services provided to residents. The City encourages the use of Low- <br />Income Housing Tax Credits to fund construction, substantial rehabilitation, or acquisition <br />or affordable housing. <br />The HOME program requires a 25 percent match based on fund expenditure, unless a <br />jurisdiction meets a threshold to have the match requirements reduced; those threshold <br />conditions are: 1) Fiscal distress; 2) Severe fiscal distress, and 3) Presidentially declared <br />major disasters covered under the Stafford Act. The City was identified by HUD as a fiscally <br />distressed jurisdiction and has been granted a 50 percent match reduction for fiscal year <br />2023, as of the preparation of this Action Plan neither the fiscal year 2024 or 2025 reductions <br />have been published. The City expects the 2023 designation will continue in fiscal year <br />2025. <br />ESG requires a 100 percent match. <br />If appropriate, describe publicly owned land or property located within the <br />jurisdiction that may be used to address the needs identified in the plan. <br />The City will not use any publicly owned land or property located within the jurisdiction to <br />address the needs identified in this plan. <br />Discussion <br />The City shares overall responsibility for meeting the priority needs identified in the <br />Strategic Plan with many other organizations and is solely responsible for using CPD <br />entitlement funds to address the needs of low- and moderate-income residents. <br />EXHIBIT 1