19D - AFFORDABLE HOUSING RFP - Laserfiche WebLink

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EXHIBIT A— SCOPE OF WORK I. INTRODUCTION In order to meet the City's goals, the City is soliciting proposals for the development of affordable housing projects from developers who are experienced, very knowledgeable of affordable housing programs and its requirements, financially creative and capable of developing, managing and maintaining high quality housing. The selected developer must have a demonstrated history of,,working cooperatively with surrounding neighborhoods in all phases of project development. Both nonprofit,and for profit developers are eligible to apply, either individually or in partnership with other entities. Developers who can demonstrate the capability to make other funds a significant part of the financing mix for their propbse6project will score higher in the selection process than those who cannot. The funding and property data provided in this RFP, is not guaranteed, and. the availability of such funding or properties is subject to change at any time. The City,of Santa Ana makes no guarantee of the availability of the proposed funding and properties for any particular applicanfor project: -The submission of a proposal in response to this RFP does not commit the City to providing any funding or land asset to a proposed project. The City reserves the right to determine at its sole discretion how to lease available properties, if.at all. IL DEVELOPMENT PRIORITIES Both the Strategic Plan and the -City's Housing•'Element identify affordable rental housing suitable for larger households as a high priority for the City. In addition, the City. of Santa -Ana will be targeting extremely -low income households within the city, including homeless individuals,,veterans and/or large families. One of the rating criteria is the depth sof affordability.`+,The City desires proposed projects to have dedicated units for extremely low-income families earning no more than 30% Area Median income (AMI). Project design and construction will be subject to and carried out in accordance with established City standards and procedures. In accordance with the City's Early Outreach policy. (Attachment 1), the selected developer may be required to solicit significant neighborhood input during the design process. r III. LOW AND MODERATE INCOME HOUSING ASSET FUND (HOUSING SUCCESSOR AGENCY FUND) The Housing Authority of the City of Santa Ana acts as the Housing Successor Agency for the former Redevelopment Agency.of the City of Santa Ana. The Housing Authority administers housing assets and associated responsibilities transferred,by the former Redevelopment Agency of the City of Santa Ana. Source of Funds Funding sources for this program are generated from proceeds from the sale of former Redevelopment Agency housing assets, residual receipts from former Redevelopment Agency assets (i.e. loans), as well as a portion of the loan repayments from the former Redevelopment Agency to the City. Sources are set aside for the purpose of increasing, improving and preserving the community's supply of low and moderate income housing as stipulated by California Health and Safety Code Section 34176. This fund includes land assets owned by the Housing Authority acting as the Housing Successor Agency that must be developed for affordable housing or sold at or above fair market value to increase the Low and Moderate Income Housing Asset Fund. City of Santa Ana Community Development Agency Request for Proposals for Affordable Housing Development Page 14 1901-18