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PHA Name: Orangc County 5-Year Plan for Piscal Yenrs: 2005 - 2010 <br />HA Code: NCI04 <br />Annual Plan for PY 2005 30 <br />^ Yes ® No: Will the PHA's program have eligibility criteria for participation in its <br />Section 8 Homeownership Option program in addition to HUD criteria? <br />If yes, list criteria below: <br />c. What actions will the PHA undertake to implement the program this year (list)? <br />1. Convene planning committee to develop guidelines. <br />2. Seek public comment and governing board approval of proposed <br />guidelines. <br />3. Prepare marketing material. <br />4. <br />(3) Capacity of the PHA to Administer a Section 8 Homeownership Program <br />The PHA has demonstrated its capacity to administer the program by (select all that apply): <br />a. ^ Establishing a minimum homeowner downpayment requirement of at least 3 percent of <br />purchase price and requiring that at least 1 percent of the purchase price comes from the family's <br />resources. <br />b, ^ Requiring that financing for purchase of a home under its Section 8 homeownership will be <br />provided, insured or guaranteed by the state or Federal government; comply with secondary <br />mortgage market underwriting requirements; or comply with generally accepted private sector <br />underwriting standards. <br />c. ^ Partnering with a qualified agency or agencies to administer the program (list name(s) and <br />years of experience below). <br />d. ^ Demonstrating that it has other relevant experience (list experience below). <br />8. Civil Rights Certifications <br />[24 CFR Part 903.12 (b), 903.7 (o)] <br />Civil rights certifications are included in the PHA Platt Certifications of Compliance with the <br />PHA Plates m:d Related Regulations: Board Resolution to Accompany the Standatzl Annual, <br />Standm•d Five-Yem•, and Str'eantlined Five-Yem/Annual Plates, which is submitted to the Field <br />Office in hard copy-see Table of Contents. <br />9. Additional Information <br />[24 CFR Part 903.12 (b), 903.7 (r)] <br />A. PHA Progress in Meeting the Mission and Goals Described in the 5- <br />Year Plan <br />(Pranirle n statenewet oJtbe PHA's progress against the goals and objectives ertnb/isberl be the previous <br />5-Yem Plan for the periarl FY 20_ - 20~ <br />B. Criteria for Substantial Deviations and Significant Amendments <br />(i) Amendment and Deviation Definitions <br />24 CFR Part 903.7(r) <br />Page 26 of 38 form HUD-50075-SF (04/30/2003) <br />