General Plan - Moreno Valley

CHAPTER 8 – HOUSING481140032, 481101033 and 481101016 arelocated in flood Zone A, which is the 100year flood plain. Flood depths for this zoneare undetermined and would have to bedetermined by a surveyor prior todevelopment. Once the depths aredetermined, building foundations wouldhave to be raised and flood insurance wouldbe required. However, if floodimprovements are made to the area inwhich the parcels are located, prior todevelopment, the flooding constraint willhave been removed. However, at this time,no such improvements are planned eitherby County Flood Control or by the City ofMoreno Valley.All utilities, including gas, electric, water andsewer are available to the sites noted in theinventory. Edison service is available to allsites west of La Salle Street. In 2005, theCity of Moreno Valley established its ownelectric utility that will provide electricalservices to properties east of La SalleStreet.MORENO VALLEY GENERAL PLANanalysis meets requirements as mandatedby California Government Code Section65583.8.4.10 Financial ResourcesIn 1991 the City of Moreno Valley’s firsthousing program was launched. The HomeImprovement Loan Program (HILP) was amodest program to provide rehabilitationloans to low-income owner-occupants. Atthis time, the City of Moreno Valley isutilizing three funding sources for housingprograms: Federal HOME funds,Redevelopment Agency Set-aside fundsand program income. The following exhibitoutlines the housing programs and theamounts budgeted for the seven-yearplanning period between 1998 and 2005covered by the Housing Element reportingrequirements. The HOME budget covers1999-2001. It is anticipated that atminimum, the City’s HOME allocation willremain constant throughout the five-yearplanning period at approximately $400,000.Attachments 4 and 5 provide a graphicpresentation of the water and sewerfacilities available to the sites/parcels notedin Tables 8-20 and 8-21. Attachment 6shows the gas utilities available.8.4.9 SummaryThe total number of new units requiredunder the RHNA is 3,556. The vacant landinventory in Tables 8-20- 8-23 makesevident the adequacy of the City’sappropriately zoned vacant land to meet theprojected housing need.A total of 7,528 vacant acres is availablewith a potential yield of 21,683 units for allincome categories. In addition, Table 8-19makes evident the City’s commitment andprogress in actually producing andfacilitating the production of units, in eachincome category, to meet the existingRHNA need. The Land Inventory based onEconomic Development Department staffPage 8-42 July 11, 2006