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Total funds set aside for low-income individuals = $857,104.00 <br />Meeting Low-Income Target <br />Provide a summary that describes the manner in which the low-income targeting goals will be met. <br />Response: <br />Participation in the City's programs will be restricted to households who meet NSP income <br />requirements. At least 25 percent of the City's allocation will be used to purchase, rehab and sell <br />homes to households with incomes at or below 50 percent of the area median. The City will carefully <br />examine the incomes of all households selected to participate in it NSP3 activities, including those <br />selected to meet the 50 percent requirement. All households, including those at 50 percent of area <br />median, will be required to enter into 45 year covenants. <br />In addition, the City utilize a funding mechanism for the acquisiton and rehabilitation of rental <br />properties that will sreve households at or below 50 percent of the area median income. The City will <br />adopt an duse HOME Program regulations as they relate to income certification and rent determination. <br />Acquisition and Relocation <br />Demolition or Conversion of LMI Units <br />Does the grantee intend to detpolish or convert any low .and moderate-income <br />dwelling units (i.e., < 80% pf'area'niedian income)? No <br />If yes, fill in the table below: <br />Question Number of Units <br />The number of tow-and moderate-income dwelling units-i.e., < 80% of area <br />median income-reasonably expected to be demolished or converted as a direct <br />result of NSP assisted activities._ N/A <br />The number of NSP affordable housing units made available to low-, moderate-, <br />and middle-income households t,e., < 120%of area median income-reasonably <br />expected to be produced by activity and income level as provided for in DRGR, by <br />each NSP activity providing such housing (including a proposed time schedule for <br />commencement and completion). N/A <br />The number of dwelling units reasonably expected to be made available for <br />households whose income does not exceed 50 percent of area median income. N/A <br />Public Comment <br />Citizen Participation Plan <br />Briefly describe how the grantee followed its citizen participation plan regarding this proposed <br />substantial amendment or abbreviated plan. <br />NSP3 Substantial Amendment Page 3 <br />City of Santa Ana