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