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The Redevelopment Agency <br />funded the rehabilitation and <br />reconfiguration of the Ross Durant <br />Apartments, adding long -term <br />affordability covenants. <br />HOUSING NEEDS <br />and improve the existing housing stock. The Framework contains programs to <br />encourage and facilitate the preservation and rehabilitation of housing. <br />Promote Homeownership <br />Homeownership is one of the key ways to accumulate wealth. It can provide <br />physical, emotional, and financial security to low income families and can assist <br />in strengthening neighborhoods. But for many lower income families <br />homeownership is largely unattainable without financial assistance. Santa Ana <br />has the opportunity to promote homeownership in several ways. With the market <br />adjustments, current condominium prices are such that the gap between the sales <br />price and what low and moderate income families can afford is not as large as <br />prior years. The Housing Plan states that the City will investigate the feasibility of <br />reconstituting its homeownership program to allow residents to afford housing. In <br />addition, the City can continue to advocate and lobby Congress to address the <br />causes of the foreclosure crisis and provide assistance to families in need. <br />Programs 40 -42 are designed to support existing and prospective homeowners. <br />Promote Mixed Income Housing <br />Many affordable multiple - family residential projects were built as stand -alone <br />affordable projects, and state and federal funding sources still encourage and <br />facilitate these types of development. While these affordable projects tend to <br />compete well for limited government funding, many now believe that the most <br />vibrant neighborhoods are ones with a mixture of affordable and market -rate <br />housing. This approach allows lower and moderate income households, many of <br />which are younger, newly forming families and seniors, the opportunity to live in <br />the same neighborhood. <br />In recent years, the City of Santa Ana has supported the production of multiple - <br />family housing consisting of a range of unit sizes and affordability levels. Table A- <br />7 shows projects built or approved during the housing element planning period <br />that provide a broad mix of housing types and sizes. <br />Table A -7 <br />Sample of Multiple - Family Residential Projects Built or Approved Since 2008 <br />i <br />Project <br />Residential Type <br />Bedrooms <br />Zero -One Two Three+ <br />City Place <br />Market Rate Live Work <br />87 <br />28 <br />70 <br />Skyline <br />Market Rate Condos <br />66 <br />283 <br />0 <br />Avenue E <br />Market Rate Townhomes <br />0 <br />14 <br />30 <br />17th Street Senior <br />Affordable Senior Apts. <br />83 <br />6 <br />0 <br />The Marke <br />Market Rate Condos /Rental <br />0 <br />14 <br />30 <br />The MET <br />Market Rate Condos /Rental <br />0 <br />14 <br />30 <br />The 301 <br />Market Rate Apartments <br />0 <br />14 <br />30 <br />Town and Country <br />Sr Apartments for Continuum Care <br />73 <br />99 <br />2 <br />Lyon Communities <br />Market Rate Apts/Townhomes <br />131 <br />122 <br />11 <br />Vista del Rio <br />Affordable Special Needs <br />36 <br />5 <br />0 <br />JA�L Source: City of Santa Ana, 2013. <br />A -28 CITY OF SANTA ANA GENERAL PLAN HOUSING ELEMENT <br />