Laserfiche WebLink
Inter City Commuter Station Redevelopment Project Area (1984) 6 <br />Thirty percent (30%) of the tax increment generated or related revenue or moneys repayable <br />from property tax increment from the project area are to be set aside for low and moderate <br />income housing. <br />North Harbor Boulevard Redevelopment Project Area (1984) <br />Thirty percent (30%) of the property tax increment generated or related revenue or moneys <br />repayable from property tax increment from the project area are to be set aside for low and <br />moderate income housing. <br />South Main Street Redevelopment Project Area (1984) 8 <br />Twenty percent (20%) of the property tax increment generated or related revenue or moneys <br />repayable from property tax increment from the project area are to be set aside for low and <br />moderate income housing. <br />South Harbor Boulevard Fairview Street Redevelopment Project Area (1984) 9 <br />Sixty percent (60%) of the property tax increment generated or related revenue or moneys <br />repayable from property tax increment from the project area must be set aside for low and <br />moderate income housing. <br />Bristol Corridor Redevelopment Project Area (1994) 1o <br />Thirty (30) percent of the property tax increment generated by the Bristol Corridor Project Area <br />must be allocated to the Affordable Housing Fund. These funds must be separately accounted <br />for in the Agency's Annual Report. <br />The following summarizes the Affordable Housing Fund use requirements: <br />¦ Off-site improvements must be directly related to a specific housing development; <br />¦ Affordable Housing Funds cannot be used for relocation benefits; <br />¦ No more than 15% of the Affordable Housing Funds can be used to provide rent <br />subsidies for low and very-low income households; <br />¦ Existing affordable units can be acquired as long as the covenants are extended by at <br />least 15 years for rental units and 10 years for for-sale units. <br />¦ Units developed with the Bristol Corridor Project Area Affordable Housing Funds must <br />be restricted in accordance with the RHNA proportionalities. <br />6 Edwards, et al. v. City of Santa Ana, etc., et al <br />Rodrigues, et al. v. City of Santa Ana, etc., et al <br />8 Peebler, et al. v. City of Santa Ana, etc., et al <br />9 Gibson v. City of Santa Ana, etc. et al <br />io Robert P. Gonzales and Evangelina Avalos vs. City of Santa Ana, etc. et al <br />Santa Ana Community Redevelopment Agency Im doP n July 1, 2010 to June 30, 2015 <br />For the Merged Santa Ana Redevelopment Project i -ti Appendix A- 2