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conditions by making affordable financing available to low, moderate and <br /> middle income households. <br /> The intermediary will also be required to market any employment or <br /> contracting opportunities to priority area residents and firms, and to select <br /> them to the maximum extent feasible. <br /> As necessary to facilitate the ultimate sale of these units to income qualified <br /> households, the City may enter into lease-purchase agreements with the <br /> selected households. These agreements will be structured so as to enable <br /> them to save the funds required to qualify for first mortgage loans. The City <br /> will do this only when a sale has not been finalized within six months of the <br /> listing date. <br /> As necessary to facilitate the ultimate sale of these units to income qualified <br /> households, the City may :enter into lease-purchase agreements with the <br /> selected households. Those agreements will be structured so as to enable <br /> them to save the funds required to qualify for first mortgage loans. The City <br /> will do this only when a sale`has not been finalized within six months of the <br /> listing date. <br />Location Description Area identified in the attached Exhibit 1 <br /> Source of funding Dollar Amount <br />Budget NSP3 $246,323.00 <br /> $ <br /> =`(OfherfndingsourcQj; $. <br />Total Budget for Activity $246,323.00 <br /> Acquisition, rehabilitation and resale of one (1) housing units to households <br />Performance Measures whose annual incomes do not exceed 120 percent of the area median income <br /> as established bbyHUD. <br />Projected Start Date 7/1/2011; <br />Projected End Date 7/1/14 <br /> Name City Of Santa Ana <br /> Location Santa Ana, CA <br /> Administrator Contact Info Shelly Landry-Gayle <br />Responsible 20 Civic Center Plaza, M-37 <br />Organization Santa Ana, CA 92702 <br /> Ph. (714) 667-2287 <br /> SLandryBayle@Santa-Ana.Org <br />NSP3 Substantial Amendment Page 5 <br />City of Santa Ana