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80B - JAMBOREE HOUSING PRE-LOAN COMMITMENT
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03/05/2019
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80B - JAMBOREE HOUSING PRE-LOAN COMMITMENT
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Last modified
2/28/2019 7:33:45 AM
Creation date
2/28/2019 7:26:18 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80B
Date
3/5/2019
Destruction Year
2024
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Commitment of Affordable Housing Funds and Project -Based Vouchers to Jamboree Housing <br />March 5, 2019 <br />Page 4 <br />Housing Authority Land Asset Requested / <br />HUD-VASH Vouch ars y Non+fousing <br />Authority Land Asset <br />Developer Name <br />Project Name <br />ORE (Average fI <br />FINAL SCORE (Average of Individual <br />112681146 E. Washington Avenue <br />Orange Hosing Devebpmem Corporation and <br />CSC Development LLC <br />1126-1146 E. Washington Site <br />92 <br />Related California <br />The Crossroads stWashingbn <br />91 <br />Jamboree Hosing <br />REVOAparanents <br />87 <br />Cesar Clavea FOVdatlon <br />Sarna Ara Place <br />84 <br />Commnaity HosingWaft <br />Transformer <br />80 <br />Commuity Devebpment Padners <br />Washington Pian, GRFLD, Lacy WaN <br />n <br />Chelsea hNesiment Corporation <br />Clelo <br />76 <br />826 N. LacyMW N. Lacy <br />Habitat for Hurnady ofCrange County <br />LacySbeelPmiect <br />82 <br />Comrmaity Development PaNers <br />Washington Pian, GRFLD, lacy WaN <br />n <br />801, 809 8 809 112 E Santa Ara BNd. <br />HomeAid Orange County <br />Frances XaNer ResIdence <br />90 <br />Commurity Devebpmern Pareers <br />WasHrgton Plaza, GRFLD, Lacy Walk <br />71 <br />HILOWASH Vouchers (As the Primary Sauce <br />of Financing) <br />Jamboree Housing <br />Budget lm Site <br />86 <br />Commuity Oevebpment Partners <br />WesMew House <br />81 <br />Non -Housing Amhody Und Asset <br />National Commmy Renaissance and Mem, <br />Home UvIng Centers <br />Sarna Am UNted Metiodlst Chmoth Site <br />93 <br />Based on the scores above and the relative scoring of proposals competing for the same land <br />asset(s) or source of affordable housing funds (e.g. HUD-VASH PBVs), the Review Panel <br />recommends the following award for this project: <br />Developer: Jamboree Housing <br />Project Name: Budget Inn <br />Developer Request: <br />• $2 million <br />• 89 HUD-VASH PBVs <br />Award Recommendation: <br />• Project -Based Voucher Program (PBV): Eighty -Nine (89) HUD-VASH PBVs <br />• Community Development Block Grant Program (CDBG): $1,687,047 <br />80B-4 <br />
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