HomeMy WebLinkAboutCORRESPONDENCE - 75AR ,
City Council Meeting Correspondence
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Item 75A PUBLIC HEARING: ISSUANCE OF TAX EXEMPT BONDS FORTH E BENEFIT OF SANTA ANA
No. ARTS COLLECTIVE, L.P. AND RESOLUTION APPROVING THE ISSUANCE OF BONDS; TAX
EQUITY AND FINANCIAL RESPONSIBILITY ACT (TEFRA)
Date of Sender /Rep. Agency Received after
Correspondence deadline.
4/4/2017 Cesar Covarrubias, Executive Director The Kennedy Commission Yes
Wednesday, April 05, 2017 Page 1 of 1
Orozco, Norma
From: isurir @kennedycommission.org
Sent: Tuesday, April 04, 2017 5:37 PM
To: Huizar, Maria; eComment
Subject: Support - 75A Conduct a TEFRA and Issue Tax Exempt Bonds for Santa Ana Arts
Collective, L.P.
Attachments: Santa Ana Arts Collective - Kennedy Commission Letter of Support.pdf
Hello Maria,
Please see attached letter of support for Agenda Item 75A, Conduct a TEFRA and Issue Tax Exempt Bonds for Santa Ana
Arts Collective, L.P., and confirm receipt.
Thank you and have a great day.
Best,
Isuri Ramos
The Kennedy Commission
17701 Cowan Ave., Suite 200
Irvine, CA 92614
p:(949)250 -0909
f: (949) 263 -0647
www.kennedycommission.org
April 4th, 2017 • •
www.kennedycamnission.org
17701 Cowan Ave., Suite 200
Lviee, CA 92614
949 250 0909
Mayor Pulido and Santa Ana City Council Members Fax 949263 0647
City of Santa Ana
20 Civic Center Plaza
P.O. Box 1988, M31
Santa Ana CA, 92701
RE: Support — 75A. Conduct a TEFRA and Issue Tax Exempt Bonds for Santa Ana Arts
Collective, L.P.
The Kennedy Commission (the Commission) is a broad based coalition of residents and
community organizations that advocates for the production of homes affordable for families
earning less than $20,000 annually in Orange County. Formed in 2001, the Commission has been
successful in partnering and working with jurisdictions in Orange County to create effective
policies that has led to the new construction of homes affordable to lower income working
families.
In Santa Ana, there is a significant need to address and provide housing opportunities for all
economic segments of the community. Families in our City are extremely rent burdened, as most
of their limited income (over 50 %) is used to pay for housing costs. As residents struggle to find
available and affordable housing in Santa Ana, rents have continually increased. A minimum
wage earner needs the equivalent of 3.2 full -time jobs to afford the rent of a typical two - bedroom
unit. In the City, the 2016 average rent for a large rental complex was $1,786.00, which was a
3.7% increase from the year before.
These rents are far out of reach for many lower income families in the City, leaving them to
make tough choices between paying for their housing or other essential life necessities such as
food, transportation, and healthcare. It is clear that Santa Ana's families need affordable housing
now.
We strongly urge the City Council to conduct a TEFRA and approve the issuance of bonds
to Santa Ana Arts Collective L.P., which will create 58 affordable housing units for Santa
Ana families.
Please do not hesitate to contact me with any questions; I can be reached at (949) 250 -0909 or
Cesare u, kennedycommission.org
Sincerely,
Cesar Covarru 01as —
Executive Director
Warldlig for systemic change . resulting in the production of homes affordable to Orange County's extremely low- income households