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Quarterly Report for Housing Division August 20, 2019 Page 7 Tiny Tim Plaza (2223 West 5fh Street) • Developer: Community Development Partners • Description: New construction of an affordable multifamily apartment complex consisting of 50 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: City Council approved the Loan Documents for the project on April 16, 2019. Following this approval, CDP closed on their financing on May 2. A ground breaking ceremony is scheduled for July 24, 2019. The contractor has commenced with the demolition of the existing buildings and site preparations. Projects in Pre -Development Francis Xavier (801, 809, 809 % East Santa Ana Boulevard) • Developer: HomeAid Orange County, Inc. and Mercy House • Description: New construction of an affordable multifamily apartment complex consisting of 16 units of permanent supportive housing, and 1 manager's unit. • City Funds: Housing Successor Agency ($1,069,947), three (3) HUD-VASH PBVs, 99- year ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, 2018: $788,000) • Update: The developer has revised their plans to increase the number of units from 12 to 17, which includes one market rate manager's unit and four additional affordable units. The level of affordability is still to be determined pending a financial analysis. The project was awarded $3,382,388 in No Place Like Home (NPLH) funds in partnership with the County of Orange. The developer is preparing to submit their development application to the City in August for site plan review. Public outreach will begin after the formal submittal. Habitat for Humanity (416 Vance Street & 826 N. Lacy Street) • Developer: Habitat for Humanity of Orange County • Description: New construction of two single-family detached homes for homeownership serving households up to 120% AMI. • City Funds: Inclusionary Housing ($231,494) and 99-year ground lease agreement for 416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, 2018: $578,000) • Update: The developer is pursuing an opportunity to increase density on the project by providing one additional single-family detached home on the site for a total of three homes instead of two. North Harbor Village (1108 N. Harbor) • Developer: Jamboree Housing • Description: New construction of a 100% affordable multifamily apartment complex consisting of 89 permanent supportive housing studio units for homeless veterans. • City Funds: Eight -nine (89) HUD-VASH PBVs and CDBG ($1,687,047) 19F-7