19D - AFFORDABLE HOUSING RFP - Laserfiche WebLink

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Request for Proposals for Affordable Housing Development June 19, 2018 Page 3 Land Assets Owned by the Housing Authority Staff is requesting approval to issue this RFP for the development of land currently held by the Housing Authority within the City of Santa Ana. The proposed development of the properties would be solely for the development of affordable housing. The land assets will be awarded under a 99 -year ground -lease option such that the land will remain with the City as a long-term public benefit. The land assets owned by the Housing Authority and available for development under this RFP is as follows: (1) 302 E. Twenty -Second Street (2) 801, 809 & 809 % E. Santa Ana Blvd (3) 826 N Lacy / 830 N. Lacy Street (4) 1126 & 1146 E. Washington Ave. Full descriptions of the properties are listed in the attached RFP. The Housing Authority currently owns the land assets, and intends to retain ownership of the site and enter into a long-term ground lease for 99 years with one or more selected developers. The Housing Authority owned parcel(s) will be conveyed through a ground lease, in an as -is condition. As it will be stipulated in the ground lease, the value of the land and the site preparation costs will be provided to the project as a land subsidy in the form of a promissory note. The RFP is scheduled for release on July 1, 2018 with proposals due halfway through each FY quarter on August 15, 2018, November 15, 2018, February 15, 2019 and May 15, 2019. The RFP will be announced through notices to the following parties: • Interested Developers and Nonprofit Organizations on the Housing Division's RFP Process Database o Developers and Nonprofit Organizations interested in being added to the RFP Process Database can do so by contacting the City's Housing Division • Other affordable housing membership association resources (e.g. Southern California Association of Nonprofit Housing, Kennedy Commission, 2-1-1 OC, etc.) • Public Notice in the local newspaper • Published on www.Planetbids.com Reservation of Inclusionary Housina Funds In light of local and regional efforts to address homelessness, staff believe that it is prudent to retain $3,141,974 of our Inclusionary Housing Fund balance from the RFP. If unallocated, the hold may be removed at a later date while the RFP is open. If additional funds are received beyond the $3,141,974, staff will make those funds available in the RFP that is open. 19D-3