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~BQ:l&ÇI êY~~ðBX PAGE 1 In the space provided below, provide a description which answers the general questions, listed under Section I on Page II, :for each project activity included in the application. Please review "PROJECT SUMMARY PAGE 1", on Page 9 o:f the Application Guide :for :further instructions. ------------------------------------------------------------- Within the City o:f San Marcos, the Dunbar and Victory Gardens neighborhoods are the most economically distressed. Compared to the City in general, these neighborhoods have the greatest concentrations o:f low income residents and the greatest percentage o:f substandard and deteriorated housing. Compared to the City as a whole, these neighborhoods also have the most dramatic needs :for in:frastructure improvements including street and drainage :facilities. With the assistance o:f a TDoC grant in 1988, the City of: San Marcos is in the process o:f improving streets and drainage in in of: these neighborhoods. Also, since 1987, a local non prof:it organization has assisted 110 f:aølilies in providing gratis housing repairs to low income residents of: these neighborhoods. Tö~ard this eff:ort, a total of: $190,000 o:f building materials have been donated by private bene:factors and a total o:f $20,000 in cash has been contributed by the City o:f San Marcos. According to the 1980 Census, 68 percent o:f the residents in Dunbar and 74 percent of: those in Victory Gardens are low or moderate income. Repeatedly, these residents have expressed their desire to purchase their own homes and secure f:or themselves and their :families, the "American Dream" o:f homeownership. By and large, these :families have been unable to secure :financing to purchase a home given their lower incomes and insu:f:ficient credit ratings. During todays ..tight" mortgage market, it is even more unlikely that these :families would get :favorable consideration :for a mortgage loan at a local :financial institution. Many o:f the residents of: Victory Gardens and Dunbar, represent generations o:f :families who have lived in these communities. Many have expressed the desire to stay in these areas where they have established :family and social networks. The proposed A:f:fordable Housing programs will allow ten <10> income eligible :families to realize their dream o:f homeownership. 16