80A - PH RFP AFFORDABLE HOUSING DEV

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Request for Proposals for Affordable Housing Development July 2, 2019 Page 3 Act. The City of Santa Ana received $363,900 in rental rehabilitation grant funds. Assistance was provided to owners of small rental projects in the form of deferred loans. The last loan has been paid off and the grant program has had no activity for over ten years. Under the federal rules and regulations found at 24 CFR 511.76 "program income on hand at the time of program closeout or earned after program closeout... may be used for activities that would be eligible under other affordable housing activities, as determined by the recipient." Therefore, staff is making this source of funds available in this RFP for affordable housing activities using the same eligible activities as the Inclusionary Housing Fund. Land Assets Owned by the Housing Authority Staff is requesting approval to issue this RFP for the development of land currently held by the Housing Authority. The proposed development of the property would be solely for the development of affordable housing. The land asset will be awarded under a ground -lease option such that the land will remain with the Authority as a long-term public benefit. The land asset owned by the Housing Authority and available for development under this RFP is as follows: (1) 302 E. Twenty -Second Street a. APN:003-122-25 b. Lot Size: 27,817sf c. Current Zoning: R1 Single -Family Residence, which allows one house per lot. d. Parcel was purchased using Low and Moderate Income Housing Asset Fund - 20% Set Aside e. Previous Use: Purchased from Cal Trans. It was a remnant parcel from the freeway widening project. The site was vacant and undeveloped at the time it was acquired. f. General Plan: Low Density Residential, which allows single-family residences and ancillary uses. g. Maximum dwelling units/acre: Seven units per acre. h. Site Condition / Environmental Conditions: Property is irregular in shape, is below the minimum lot size for a residential lot, and will most likely require the approval of several variances from the zoning code in order to facilitate a residential unit. The Housing Authority intends to retain ownership of the site and enter into a long-term ground lease for up to 99 years. The parcel will be conveyed through a ground lease, in an as -is condition. As it will be stipulated in the ground lease, the value of the land and the site preparation costs will be provided to the project as a land subsidy in the form of a promissory note. The RFP is scheduled to be released on July 3, 2019. The RFP will be published on both the City and Housing Authority's websites; a public notice will be published in the OC Register; an e-mail will be sent out to Orange County's largest affordable housing membership associations including the Kennedy Commission, 2-1-1 Orange County, and the Southern California Association of Nonprofit Housing; and a letter will be e-mailed to interested developers and nonprofit organizations who had previously requested to be informed of development opportunities on the Community Development • I .