2014-006 - Santa Ana General Plan Housing Element and Public Safety Element Updates

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HOUSING RESOURCES HOUSING PRESERVATION The City of Santa Ana has a significant amount of affordable housing that receives public subsidies in return for long -term affordability controls. Typically, these residential projects provide units affordable to extremely low, very low, and low income households, including persons with special needs. Some of the projects maintain their eligibility in perpetuity. The majority of projects, however, are restricted for 15 -55 years, after which they can begin charging market rate rents. Housing units eligible to change from lower income housing to market -rate housing during the planning period (2014 -2021) are of immediate concern to the City and its residents. State law requires that housing elements include an analysis of "assisted multiple - family housing" projects regarding their eligibility to change from low income housing to market rates by 2024 (10 years from the start of the planning period). Assisted housing is multiple - family rental housing that receives government assistance under federal, state, and/or local programs. Santa Ana currently (2 013) has over 2,500 assisted housing units. If there are units at risk of converting to market rate rents by 2024, the element must include a detailed inventory and analysis, including the following information: • Each development by project name and address • Type of governmental assistance received • Earliest possible date of conversion from low income use to market rates • Total elderly and nonelderly units that could be converted • An analysis of costs of preserving and/or replacing those units at risk in the current planning period. • Resources that could be used to preserve the at -risk units • Programs for preservation of at -risk units and quantified objectives Table C -8 details the City's affordable housing inventory that is at risk of converting to market rate housing within 10 years from the beginning of the planning period (by June 30, 2024). This includes all projects that have received public subsidies and are deed restricted to be affordable to lower income households in Santa Ana. CITY OF SANTA ANA GENERAL PLAN HOUSING ELEMENT C -41 3,000 2,508 2,000 1,642 :1 1,000 886 All Family Assisted Projects Projects Senior Projects Affordable Units Affordable At -Risk Units (units at risk of converting to market rate by 2024, 10 years from the beginning of the planning period) Chart C -1: Affordable Housing Projects Source: City of Santa Ana, 2013