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4. The Olson Company: The Agency assisted the Olson Company in developing 86 live- <br />work loft units. The Agency assistance was provided to allow six low income <br />households to purchase units within the project. <br />5. Orange Housing Development Corporation (OHDC): The Agency assisted OHDC in the <br />acquisition of a hotel that was no longer economically viable. OHDC acquired the hotel <br />and converted it into 89 rental units for very-low, low and moderate income households. <br />6. Santa Ana Boulevard: The Agency has been acquiring properties in the Santa Ana <br />Boulevard Specific Plan area. After the Specific Plan is completed, the Agency will <br />attract nonprofit and for profit developers to construct rental and ownership housing <br />targeted to very-low, low and moderate income households. <br />7. Mobile Homes: The Agency provided loans to assist fo y -low and low income <br />households to replace mobile homes that required ch exte sive repairs as to make <br />rehabilitation infeasible. <br />8, Rehabilitation Loan Program: The <br />inventory of aging homes within Sa <br />provided to very-low and low inc� <br />options. _ <br />C. APPLICABLE <br />Housing ProductWn Req <br />The Agency is subj <br />requirements. The <br />discussed in the fol <br />sting a large <br />have been <br />limited housing <br />Iclusionary housing production <br />imposed on the Merged Project Area are <br />ation Plan. <br />The Agency is required to meet the replacement housing obligations imposed by Section <br />33413(a). This Section requires the Agency to replace, on a one - for -one basis, all units <br />removed from the low and moderate income housing stock as a result of Agency activities. In <br />addition to matching the income levels of the removed units, the Agency must also replace an <br />equal or greater number of bedrooms. <br />The homes that are removed from the inventory may be replaced with fewer units as long as an <br />equal or greater number of bedrooms are provided in the replacement units. Replacement <br />housing units do not have to match tenure (i.e., rental vs. ownership, family vs. senior housing) <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 28 <br />0504021. SA.KHH. J LR.gbd <br />19090.004.00114/2212005 <br />