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Quarterly Report for Housing Division <br />August 21, 2018 <br />Page 6 ! <br />• City Funds: Inclusionary Housing ($1,300,000), Housing Successor Agency ($4,700,000) <br />• Update: CDP is currently pursuing other sources of financing to fill an estimated financial <br />gap of approximately $11.7 million. On July 2, 2018, CDP submitted an application <br />for 9% low-income housing tax credits for the project. CDP is optimistic in getting <br />funding based on the other apllicants in the Orage County region. Awards for the <br />9% low-income housing tax credits are announced in September 2018. <br />NSP 1, 2 and 3 Programs <br />The City is seeking proposals for $1,239,599 in NSP Program funds available in the Request for <br />Proposals. <br />Request for Proposals - RFP #18-056 - Affordable Housing Development <br />The City of Santa Ana and the Housing Authority of the City of Santa Ana issued a Request for <br />Proposals (RFP) on July 2, 2018 for the development of affordable housing in the City. Proposed <br />developments may be for acquisition and/or rehabilitation of eligible properties for rental or <br />transitional housing; acquisition and conversion of non-residential property to multifamily rental <br />units; and/or new construction of housing units for rental housing. Land assets owned by the <br />Housing Authority of the City of Santa Ana are also available for development under the RFP. <br />Additional information regarding the RFP is available on the City of Santa Ana's website. <br />STRATEGIC PLAN ALIGNMENT <br />The activities covered by this report allow the City to meet Goal # 5 - Community Health, <br />Livability, Engagement & Sustainability, Objective # 3 (Facilitate diverse housing opportunities <br />and support efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />_a� NIV-1 <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />Exhibits: 1. Available Funds for Affordable Housing Development Projects <br />2. ,Available Land Assets for Affordable Housing Development <br />3. Project Timelines <br />19H-6 <br />