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Quarterly Report for Housing Division <br />May 21, 2019 <br />Page 9 <br />Tiny Tim Plaza (2223 West 5th Street) <br />• Developer: Community Development Partners <br />• Description: New construction of an affordable multifamily apartment complex consisting <br />of 51 units of rental housing serving very -low and extremely -low income <br />families, and 1 manager's unit. <br />• City Funds: Inclusionary Housing ($1,300,000), Housing Successor Agency ($4,700,000) <br />• Update: City Council approved their Loan Documents on April 16, 2019. CDP closed <br />on their financing on May 2. <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 />—IV � <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 />19D-9 <br />