Free Memorandum - District Court of Federal Claims - federal

Case 1:93-cv-00655-MMS

Document 159-6

Filed 07/17/2007

Page 1 of 2

U.S. De; i.~,,~ of Housing and Urban Development Pacific/HaWai~ Los Angetea Area Office 1615 Nes~ Otympic Boutevard Los Ange|es, California g0015-3801

June 29, 1995
Post-it" Fax Note 7'671

Larry Ames Ames Development Corp. Anaheim Gardens, A LTD. Partner 25332 Narbonne Avenue Suite 200 Lomita, CA 90717

CoJDapt. Phone #

Fax #

Fax #

Dear Mr. Ames: SUBJECT: Title VI - No Funding Availabie Anaheim Garden Apartments 122-44378-LDP Harbor City, CA The Department currently does not have funds available tofund incentives for your Pl~n of Action for Anaheim Garden Apartments, 122-44378-LD~, which was approved January 31, 1995 under th4 Low Income Housing Preservation and Resident Homeownership Act of 1990~(LIHPRHA). The LIHPRHA statute provides that if we do not provide funding for these incentives within certain timeframes you may prepay without the Secretary's consent.
You may prepay your mortgage if the Department is unable to provide incentives before the earlier of the expiration of the 6 month period beginning after final approval of the Plan of Action or the expiration of the 2 "month period after'the beginning of the first fiscal year after final approva!. In your case, you may prepay your mortgage if the Department does not provide incentives by. July 31, 1995.

Be advised that if we are unable to fund your incentives withinthe statutory timeframes and you decide to prepay your mortgage and terminate the low-income use restrictions for your property, you will be responsible for providing re!ocation assistance to any tenants displaced as a result of such prepayment. You shall pay fifty per4ent of the relocation expenses of each family relocated, except that the percentage may be higher depending on State or local laws. You may also be required to allow current tenants wh6 resided in the property on the date you filed your Initial Notice of Intent to remain in the property for a period of

IRH 0000095

Case 1:93-cv-00655-MMS

Document 159-6

Filed 07/17/2007

Page 2 of 2

three years, commencing on the date of p~epayment. These tenants will pay the same rents existing at the time of prepayment, except for rent increases made necessary due to increased operating costs: The continued occupancy provision applies to all elderly and disabled tenants and to all other tenanhs if the project is located in a low-vacancy area, as determined by HUD.

The Department will work with the Los Angeles public housing agency to find suitable units for each displaced family. Further, to the extent funds are available, eligible low and very-low income families .displaced as the result of a prepayment shall receive Section 8 Certificates. ' If you have any questions on this matter please contact Loretta Gillett at (213) 251-7291.
Sincerely, ~ . /

/Act!ng Director ~ Office of Housing

Matthews, 9DHMV Biase, 9DHM Kulick, 9DH

IRH 0000096