050205 PH Five Hear Implementation Plan

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Single Family Residential Rehabilitation Programs: The Agency, in partnership with the Historic French Park Neighborhood Association, anticipates moving and rehabilitating two historic homes on to two vacant lots in French Park. These homes were purchased as part of the Santa Ana Boulevard project. The Agency provides rehabilitation loans to the owners of single - family homes. Set -Aside funds are used to assist low and moderate income households. These loans are projected to average $30,000 per unit. g. Housing Mortgage Assistance /First Time Horne Buyer Program: The Agency offers a mortgage assistance program that is currently being reviewed for potential restructuring. It is the Agency's goal t r ide 10 loans during the Implementation Plan term. Mobile Home Parks: The 29 m substantial number of very-low Agency plans to continue tl�fc Mobile Home Loan: T se fund . The Mm s rs o Ana serve a low ome nd families. The :ntZgpf�Mobile Home side funds and HOME loan to cover the cost of very-low, low and moderate replacement Program: The Agency will 000 from CaIHOME and $20,000 from Set- �r tWeplacement mobile home program. Households that d low income can replace a mobile home that needs such firs that it is not feasible to rehabilitate the coach. The to provide 20 loans during the Implementation Plan term. iii. The viability of mobile home park living for low and very -low income seniors and families is at question and risk. Over the Implementation Plan period, the Agency will continue to seek alternatives to assist with the preservation of mobile home parks and facilitation of affordable housing options for very-low income seniors and families. Santa Ana Community Redevelopment Agency Implementation Plan Keyser Marston Associates, Inc. For the Merged Santa Ana Redevelopment Project Area July 1, 2005 to June 30, 2010 Page 39 0504021. SA. KHH.JLR.gbd 19090.004.001/4122/2005