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5. Set -Aside funds can only be used to fill the gap between the amount of external <br />financing that can be supported by a project, and the total project costs. If more than <br />50% of the project costs are funded by the redevelopment agency, a finding must be <br />made that no other commercial funding sources could be reasonably obtained (Section <br />33334.3). <br />Other Reporting Requirements <br />Article 16.5 additionally requires the Implementation Plan to include the following information: <br />1. Estimates of the balances and deposits into the Affordable Housing Fund created to hold <br />the Set -Aside funds; <br />2. A housing program identifying expenditures from the <br />3. A description of the housing activity that has <br />4. Estimates of the number of housing <br />Area for each of the various incomp <br />Settlement Agreement Requirements <br />In addition to the affordable< <br />to meet the requirements of <br />settlement agree t are <br />Bristol Corridor Re velepn <br />1. Thirty (30) percelyt o <br />Project Area must t <br />separately accounte <br />Housing Fund; <br />in th &,Merged Project Area; and <br />the Merged Project <br />CRL, the Agency is required <br />aments imposed by each <br />rtWax increment generated by the Bristol Corridor <br />to the Affordable Housing Fund. These funds must be <br />Agency's Annual Report, <br />2. The following summarizes the Affordable Housing Fund use requirements: <br />a. Off -site improvements must be directly related to a specific housing <br />development; <br />b. Affordable Housing Funds cannot be used for relocation benefits; <br />" Robert P. Gonzales and Evangelina Avalos v. City of Santa Ana, etc. et al <br />Santa Ana Community Redevelopment Agency Implementation Plan Keyser Marston Associates, Inc. <br />For the Merged Santa Ana Redevelopment Project Area July 1, 2005 to June 30, 2010 <br />Page 25 <br />0504021.SA. KHH.JLR, gbd <br />19090.004.001 /4/22/2005 <br />