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

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PROGRAM EVALUATION Housing Production and Approval Ultimately, the success of housing programs is reflected in the number of affordable housing units built, preserved, or rehabilitated. Santa Ana has made tremendous progress in this regard in just the past three years. Key projects built or approved during the planning period include: Triada Development. This project includes 114 units of new apartments, new single - family homes, and rehabilitated homes on single and scattered sites. This project was funded with $15 million in RDA funds, a $4 million land donation, and low income housing tax credits worth $13.7 million. The project provides deed - restricted housing for extremely low and very low income residents for a minimum of 55 years. This effort earned Project of the Year Award at the 31 Annual Affordable Housing Award. Terraces at Santiago. This project includes 36 two- and three- bedroom units of family apartments. It was funded by $7 million in low income housing tax credits, and land was acquired with NSP funds, $3.8— million in RDA funds, and $25 HOME funds. The project provides deed - restricted housing for extremely low and very low income residents for a minimum of 55 years. This effort earned a Gold Nugget Award for Best Residential Project of the Year within a Suburban Setting. Depot at Santiago. This project includes 70 units of apartments affordable to extremely low and very low income housing. It was funded with $3 million loan in CDBG and HOME funds, $700,000 in rental housing vouchers, and $18 million in low income housing tax credits. The project provides deed - restricted affordable housing for extremely low and very low income households for a minimum of 55 years. It is slated for construction shortly with completion anticipated in 2014. Triada Courtyard is in the Station District. Terraces at Santiago JA& CITY OF SANTA ANA GENERAL PLAN HOUSING ELEMENT D -9