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ff- <br />This Implementation Plan provides an illustrative example of how the Affordable Housing <br />Program could be financed on an annual basis. However, the timing and specific amounts of <br />the expenditures may be adjusted over time. Specific decisions on each of these items will be <br />made as part of the Agency's annual budget process. <br />Summary of Planned Affordable Housing Activity <br />Given the successful implementation of the proposed housing program, the Agency will have <br />accomplished the following: <br />1. The Agency has fulfilled 100% of their historical replacement obligations. By 2009, the <br />Agency must provide one very-low income five - bedroom unit to replace a unit that was <br />removed in 2005. This obligation will be fulfilled during t ' Implementation Plan period. <br />2. The Agency has already fulfilled 100% of the Me, r d Proje Area's existing inclusionary <br />housing production obligations. During this 11 1 ent ion Ian period, the Agency will <br />fulfill the prospective obligations, and is jecte ave su ]us of 92 units. <br />3. The Agency will have assisted in a odu 'on d/o ehabl'tati of over 700 <br />affordable housing units. <br />4. The Agency's expen ' res of or bi ous un monies will comply with the <br />proportionality tests ' po y ecti n 34.4 e eriod between January 1, 2002 <br />and June 30„ 291 11�N <br />5. The Af <br />this Im <br />excess surplus in any fiscal year during <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 41 <br />0504021. SA. K H H. J LR. g b d <br />19090.004.00114 /2212005 <br />