My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
STATION DIST DDA WITH CRA
Clerk
>
Contracts / Agreements
>
S
>
STATION DIST DDA WITH CRA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/29/2020 4:28:28 PM
Creation date
9/27/2010 1:29:49 PM
Metadata
Fields
Template:
Contracts
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
232
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Information shaH also be provided on the Developer's webite, City of Santa Ana <br />web site, City cable channel, Workforce Investment Board, an to Ana Chamber of Commerce, <br />Santa Ana Unified School District, Rancho Santiago Community College District} Community <br />Development Res ou r Network Newsletter, through n i b b orho od associations and to person <br />who have been displaced within the Station District. <br />Preference shall be given as follows: 1 persons displaced wi thin the Station <br />District shall be given an exclusive period of not less than fourteen 14 days to purchase <br />Affordable For -Sale Units, after the conclusion of the exclusive period pursuant to <br />subparagraph 1 above, households who live or work in Santa Ana shall be given are exclusive <br />period of not less than fourteen 14 days to purchase Affordable For-Sale Units, and after the <br />conclusion of the exclusive period pursuant to subparagraph the general public shall be <br />eligible to purchase Affordable For- -Sale Units. The Agency shall provide the Developer with a <br />list of persons displaced within the Station District and their contact information. Separate list <br />shall b maintained for each preference category. If a potential buyer claims a preference but <br />could not verify u h preference, such purchaser shall be provided the same priority as members <br />of the general public. <br />Pre-purchase cou ns eli n g must be completed prior to the Closina of each <br />Affordable For-Sale Unit. <br />402.5 Income of Buyers. Prior to the sale of any Affordable For-Sale Unit, the <br />Developer shall submit to the Agency Executive Director a completed income computation and <br />certification form, in such form as may be provided by the Agency. Gross income and net <br />income of the household shall b e d t r in d in accordance with Health and Safety Code <br />Section 50093 and the provisions of Sections 6914 and 6916 of Title 25 of the California Code <br />of Regulations. The Developer shall obtain a certification from each prospective Homebuyer <br />d ear n strati na that such pro spec ti ire Homebu firer is a Moderate Income Household and meets the <br />eligibility elicribility requirements established for the Affordable For-Sale Uri-it and that such Affordable <br />For -Sale Unit will be made available for purchase and sold at an Affordable Housing Cost to <br />such prospective Homebuyer. Notwithstanding anything herein to the contrary, each prospective <br />Hrnbuer shall be required to make a down parent of not less than three percent % of the <br />purchase which down payment must be part of the net assets of the prospective Homebu yer at <br />the time of application. The Developer h all verify the income r tif`i a tion of the prospective <br />Hornebuyer as set forth below. <br />The Developer sh a l 1 verify the income of each proposed Hom buy r of the <br />Affordable For-Sale Units by at least one of the following methods as appropriate to the proposed <br />Hom bu r: <br />(a) obtain two (2) paycheck stubs from the person's two (2) most <br />recent pay periods; <br />(b) obtain a true copy of an income tax return from the person for the <br />most recent tax year in which a return was filed; <br />DOC S O ! 14 00673v 14/20027 2- 0001 <br />
The URL can be used to link to this page
Your browser does not support the video tag.