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80B - JOINT - FIVE-YR IMPLEMENTATION PLAN
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80B - JOINT - FIVE-YR IMPLEMENTATION PLAN
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1/3/2012 3:51:50 PM
Creation date
3/3/2011 1:41:19 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80B
Date
3/7/2011
Destruction Year
2016
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The law also requires agencies to identify the amount of Affordable Housing Funds used to: <br />• Assist units available to families with children: $24,299,855 <br />• Identify the family units assisted (location, number of units, affordability level and <br />assistance amount): <br /> <br /> <br />1205 E. Wilshire Blvd 0 58 85 143 $8,100,000 <br />1411 N. Durant St 0 11 13 24 2,043,924 <br />1501 N. Ross St 0 18 6 24 3,006,890 <br />1505 N. Bush St 0 0 3 3 31,361 <br />701 S. Townsend St 0 10 0 10 1,200,326 <br />702 S. Raitt St 1 7 0 8 806,265 <br />703 N. Lacy St 1 25 0 26 1,556,217 <br />709 S. Townsend St 0 10 0 10 1,063,898 <br />817 S. Townsend St 0 10 0 10 1,333,201 <br />821 S. Townsend St 0 10 0 10 1,436,203 <br />834 S. Raitt St 0 9 0 9 1,365,662 <br />1006 N. Logan 0 0 1 1 616,954 <br />1012 N. Logan 0 0 1 1 772,223 <br />1015 N. Logan 0 0 1 1 744,223 <br />1112 S. Orange 0 0 1 1 111,239 <br />118 S. Orange 0 0 1 1 111,239 <br />Totals 2 168 112 282 $24,299,855 <br />• Identify the extremely-low, very-low and low income units, restricted with 55-year <br />(rental) or 45-year (ownership) affordability restrictions, produced with local subsidy <br />other than Affordable Housing Funds: <br />AFFORDABLE HOUSING FUND DEPOSITS <br />The Affordable Housing Fund revenues shown in Table 7 include the following: <br />¦ The estimated gross property tax increment generated within the Merged Project Area <br />allocated to the Affordable Housing Fund. <br />¦ Interest income from balances in the Affordable Housing Fund. <br />Santa Ana Commun ? ;velo ment Agency Im I m n tion/?I n July 1, 2010 to June <br />For the Merged Sant ?development Project IUJJ
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