090704 Jt PH Adotpion Amend Merger SA Redvlp Proj Areas EXHIBIT 2

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Five -Year Implementation Plan Amended February 2003 Page 32 8' . ens: • l :V11 A 201. 6, .r9H L4 Ve :• M -771 n Pursuant to Section 33490 of the Health and Safety Code, each agency that has adopted a redevelopment plan prior to December 31, 1993 shall adopt, after a public hearing, an implementation plan that shall contain the specific goals and objectives of the agency for the project area; the specific programs, including potential projects and estimated expenditures proposed to be made during the next five years; and an explanation of how the goals and objectives, programs, and expenditures will eliminate blight within the project area and implement the requirements of Sections 33334.2, 33334.4, 33334.6, and 33413. In addition to the above programs, the implementation plan must describe how the requirements of Sections 33334.2, 33334.6, and 33413 will be implemented. These sections of the Health and Safety Code refer to the agency's responsibility to increase, improve and preserve the community's supply of low- and moderate - income housing at an affordable cost as defined in Section 50093, and very- low- income housing as defined in Section 50105. The Agency has been responsible for stimulating the provision of high quality affordable housing, both for sale and rental. The following provides a brief overview of such projects. zu The Agency facilitated and subsidized the development of in -fill new construction units that resulted in the construction of 1 three- and 3 four - bedroom single family homes by the Southland Economic Development Corporation. These for sale housing units are for low income households. is The Agency has subsidized the development of a 21 bed community residence for persons diagnosed with HIV /Aids. This development is a collaborative effort between the Agency, Mercy Charities, and HomeAid, a nonprofit associated with the Orange County Building Industry Association. zu The Agency is currently working with owners of multi - family units on Minnie Street to enter into an Owners Participation Agreement as well as Covenants, Conditions, and Restrictions (CC &R's) to assist in the revitalization of the area. The plan is to re- design the facades and courtyards of approximately 48 buildings. In addition, loans will be available for the rehabilitation of the units, The Agency has participated in the Family Fund Loan Loss Reserve administered by a non - profit, Santa Ana Neighborhood Housing Services. Approximately 13 families have purchased homes through the Family Fund Program. w With the use of Agency funds, Orange Housing Development Corporation rehabilitated an 84 unit apartment complex housing very low- and low- income households. Page 101 of 190