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California Apartment Association <br />Orange County <br />23496 Madero Road, Suite 240 <br />Mission Viejo, CA 92691 <br />949.955.3695 - caanet.org <br />November 19, 2019 <br />The Honorable Miguel Pulido <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Re: Support for Agenda Item #60A — Approve First American Mixed -Use Development Project <br />Located at 114 and 117 East Fifth Street <br />Mayor Pulido and Members of City Council: <br />On behalf of the California Apartment Association (CAA), I strongly encourage your approval of new <br />market -rate and affordable rental housing at the site known as the First American Mixed -Use <br />Development project. CAA is the nation's largest statewide trade group representing owners, investors, <br />developers, managers, and suppliers of rental apartment communities. We have over 13,00 members <br />representing more than 60,000 industry professionals. <br />The First American Mixed -Use Development project will benefit the city in achieving its public policy, <br />fiscal, and quality of life goals. Being centrally located in Downtown Santa Ana and along the OC <br />Streetcar route, the new apartment community will be one of the best examples of transit -oriented <br />development. Both Planning Commission and city staff have recommended approval of the project based <br />on the merits of good land use planning and alignment with the city's strategic plan (Staff Report). <br />Furthermore, the National Multifamily Housing Council conservatively estimates that the economic <br />impact of 220 new apartments will create over $95 million in economic stimulus, $4.5 million in tax <br />revenue, and 387 jobs. <br />For these reasons, the California Apartment Association is supportive of the First American Mixed -Use <br />development project. We would like to recognize the City's continued leadership in housing with the <br />approval of this new apartment community. Thank you for your time and thoughtful consideration. <br />R^esfpectfully, <br />,r <br />Victor Cao <br />Vice President of Public Affairs <br />cc: Ms. Kristine Ridge, City Manager <br />Mr. Minh Thai, Executive Director — Planning and Building Agency <br />Mr. Steven A. Mendoza, Community Development Agency <br />