Housing

Resource Documents

AB 987 Disclosure Requirements

In compliance with California State Assembly Bill 987, the Agency is required to maintain a database of existing, new and substantially rehabilitated affordable housing units developed or otherwise assisted with funds from the Tustin Community Redevelopment Agency’s Low and Moderate Income Housing Fund. The first database is a listing of Tustin’s Affordable Owner-Occupied Housing Units. Please note: This is not a list of available units. The second database is a listing of Tustin’s Affordable Rental Housing Projects. Should you have any questions, please contact the Tustin Community Redevelopment Agency at (714) 573-3117.

Affordable Units For Resale

The City makes available an Affordable Units for Resale List for interested buyers of affordable units currently being sold by their owners.  For more information on a unit for resale, please contact the person listed under Sales Contact.

2010 Income Limits

Click here for the 2010 Income Limits.  The chart provides the maximum income limits for participation in any of the City’s Affordable Housing Programs. 

Affordable Housing Facts Sheets

Buyers

For additional information on the City’s affordable housing programs, click here.

Lenders

Lenders interested in additional information on the City’s affordable housing programs, click here.

Preferred Lenders List

The City maintains a list of lenders that are familiar with the City’s affordable housing programs. To obtain a list of lenders for the City of Tustin’s affordable housing programs, click here. This is not an endorsement for any of the lenders. You may use a lender of your choice.

Subordination Requirements

Participants in the City’s Affordable Housing Programs are allowed to refinance their first mortgage as long as certain requirements are met. Click here for Refinancing Requirements.

Affordable Housing Developer Requirements

Pursuant to California Redevelopment Law, fifteen (15%) percent of privately developed or rehabilitated units within a redevelopment project area need to be set aside as "affordable" units to benefit Very Low, Low, and Moderate income households. Of these affordable units, State Law requires that 40% be reserved for Very Low Income households. This translates to a Very Low income requirement of 6% of the units developed or rehabilitated in a Redevelopment Project Area. The different income classifications (Very Low, Low, and Moderate) are based upon the median income in Orange County. The income levels are further refined based on the number of persons per household.

In order to insure that the Agency's production requirements are met, the City has been requiring that all new privately developed owner and rental residential projects constructed or substantially rehabilitated within a Redevelopment Project Area include a minimum of 15% of units affordable to Very Low, Low and Moderate income households. For a map of Tustin’s three Project Areas, click here.

To accommodate the affordable housing requirement the City provides financial and non-financial developer based incentives, click here. We highly recommend meeting with Agency staff prior to preparing the required comprehensive Business Plan. For additional information or to schedule an appointment, please call the Tustin Community Redevelopment Agency at (714) 573-3121.

 

Please contact Agency staff for additional information, click Send us an e-mailhere to send us an email.
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