19C - RECEIVE AND FILEL QRT HOUSING DIVISION REPORT

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Quarterly Report for Housing Division February 18, 2020 Page 4 Affordable Housing Units under Construction / Pre -Development with In -Lieu Fees: A total of 203 units are under construction / pre -development with an investment of in -lieu fees generated. This includes a $4,775,000 loan of in -lieu fees to develop 57 units of affordable housing at the Santa Ana Arts Collective; a $1.3 million loan of in -lieu fees to develop 51 units of affordable housing at the Tiny Tim Plaza project; a pre -loan commitment of $3,170,547 to develop 93 units of affordable housing at the Legacy Square project; and a commitment of $231,494 to develop two affordable homeownership units by Habitat for Humanity at 416 Vance Street and 826 N Lacy Street. Units Under Construction / Pre -Development with In -Lieu Fees Project # of Units Santa Ana Arts Collective 57 Legacy Square 93 Tiny Tim Plaza 51 416 Vance Street & 826 N. Lacy Street 2 TOTAL 203 In addition, $3,131,700 of in -lieu fees was provided by City Council on September 14, 2018 to create 200 emergency shelter beds at the Link interim emergency shelter. This report reflects the status of funds and projects for the period ending December 31, 2019. Request for Proposals — RFP #19-063 for Affordable Housing Development The City of Santa Ana and the Housing Authority of the City of Santa Ana issued a new Request for Proposals (RFP # 19-063) on July 8, 2019 for the development of affordable housing in the City. Proposed developments may be for acquisition and/or rehabilitation of eligible properties for rental or transitional housing; acquisition and conversion of non-residential property to multifamily rental units; and/or new construction of housing units for rental housing. One land asset owned by the Housing Authority of the City of Santa Ana is also available for development under the RFP. Additional information regarding the RFP is available on the City of Santa Ana's website and PlanetBids. The first round of proposals were turned in on October 15, 2019. Four proposals were received. A Review Panel consisting of City staff from three departments as well as the City's real estate consultant interviewed the developers on January 7, 2020. A follow-up meeting is being held on January 17, 2020 to finalize the project ratings and preliminary recommendations for funding awards. Affordable Housing Development Projects Construction was completed on one of the projects, First Street Apartments, which is now fully leased. There are four (4) affordable housing developments under construction and five (5) affordable housing projects in pre -development. An existing affordable housing development (Cornerstone Apartments) is also being rehabilitated. Below are brief summaries for the nine (9) projects under construction / pre -development and the tenth project under rehabilitation. Exhibit 3 provides a development timeline for the larger development projects. 19C-4