80A - AFFORD HOUSING LOAN - Laserfiche WebLink

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Based on the scores above and the relative scoring of proposals competing for the same land asset or source of affordable housing funds, the Review Panel is recommending the following award for your organization to our Community Redevelopment and Housing Commission and to the City Council / Housing Authority for final approval: Developer: National Community, Renaissance and Mercy House Project Name: Santa Ana United Methodist Church Site Developer Request: • $3,301,243.00 • 22 HUD-VASH PBVs Award Recommendation: • Inclusionary Housing Fund: $3,170,547.00 • Project -Based Voucher Program (PBV): Eight (8) HUD-VASH PBVs Review Panel. For the next steps: 1) Please acknowledge your willingness to accept this award recommendation and develop your project (by responding to this e-mail) including the additional requirements listed below that will be incorporated into your final commitment from the City / Housing Authority among various other terms: a. Efforts must be made to incorporate ground -level retail in the project design to incorporate the site into the forthcoming OC Streetcar. b. No less than 35% of the units in the entire project, under any combination of financing sources used to develop the project, must be permanent supportive housing for individuals and families referred from the Coordinated Entry System who are residing in the City of Santa Ana based upon: i. Proof of strong ties to the community, to include current residency of an immediate family member — mother, father, sibling, or grandparent in the City of Santa Ana; ii. Proof that the individual attended a K-12 school in Santa Ana; iii. Proof that the individual resided on property zoned for residential use in Santa Ana and the individual was on the lease and/or paid utilities necessary for legal use of the property for residential purposes; or iv. Knowledge — either first-hand or recorded — by the Santa Ana Police Department that the individual has been a member of the Santa Ana homeless community. 2) Please acknowledge (by responding to this e-mail) your willingness to reimburse the City for the cost of an underwriting and subsidy layering review to be conducted by Keyser Marston Associates (KMA).