19F - HOUSING PROJECT REPORT - Laserfiche WebLink

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Quarterly Report Housing Division Projects and Activities March 5, 2019 Page 6 • City Funds: 75 HUD-VASH Project -Based Vouchers ($9,790,000), HOME-CHDO ($352,963) • Update: Jamboree closed on their financing and a ceremonial ground breaking ceremony was held on Jnauary 7, 2019. Grading will begin as soon as the weather permits. . Aqua Housing (317 E. 17th Street) • Developer: Community Development Partners (CDP) with Mercy House as the service provider • Description: Acquisition, demolition and new construction of a former motel yielding 56 units of affordable permanent supportive housing with wrap-around supportive services for chronically homeless individuals and 1 manager's unit. • City Funds: 56 Project -Based Vouchers ($9,237,900) • Update: The City's Planning Department has reviewed CDP's submitted plans and provided comments, and CDP has resubmitted plans for final approval. They expect to pull building permits and close on their financing in early March. The tax credit deadline to close on their financing is April 15. Tiny Tim Plaza (2223 West 5th Street) • Developer: Community Development Partners • Description: New construction of an affordable multifamily apartment complex consisting of 51 units of rental housing serving very -low and extremely -low income families, and 1 manager's unit. • City Funds: Inclusionary Housing ($1,300,000), Housing Successor Agency ($4,700,000) • Update: CDP was successful in obtaining 9% tax credits and expects to close no later than the end of April this year. The tax credit deadline to close on their financing is May 6. The first set of architectural plans will be submitted to the City in early February. There will be no Special Needs Housing Program (SNHP) units since they were awarded 9% tax credits. NSP 1. 2 and 3 Programs The City is seeking proposals for $1,239,599 in NSP Program funds available in the Request for Proposals. Request for Proposals - RFP #18-056 - Affordable Housing Development The City of Santa Ana and the Housing Authority of the City of Santa Ana issued a Request for Proposals (RFP) on July 2, 2018 for the development of affordable housing in the City. Proposed developments may be for acquisition and/or rehabilitation of eligible properties for rental or transitional housing; acquisition and conversion of non-residential property to multifamily rental units; and/or new construction of housing units for rental housing. Land assets owned by the Housing Authority of the City of Santa Ana are also available for development under the RFP. Additional information regarding the RFP is available on the City of Santa Ana's website. 19F-6