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Quarterly Report for Housing Division <br />February 18, 2020 <br />Page 7 <br />agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as <br />of September 22, 2019: $4,108,136 <br />The developer resubmitted for entitlements approval in December. The <br />project is awaiting formal commitment for the 43 Project Based Vouchers <br />Update <br />from the County. The City and County are in the process of finalizing the <br />master ground lease, option for ground lease, joint powers agreement <br />(JPA) and quitclaims associated with the JPA. It is anticipated that the <br />documents will go to City Council for approval on February 18. <br />FX Residences (801, 809, 809 % East Santa Ana Boulevard) <br />Developer <br />HomeAid Orange County, Inc. with Mercy House as the service provider <br />Description <br />New construction of an affordable multifamily apartment complex consisting <br />of 16 units of permanent supportive housing, and 1 manager's unit. <br />Housing Successor Agency ($1,069,947), three (3) HUD-VASH PBVs, 99- <br />City Funds <br />year ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value <br />as of Oct 25, 2018: $788,000 <br />The developer received comments from the City on November 22"d in <br />response to their development application submittal. They are currently in <br />Update <br />progress of setting up the needed meetings and working through the <br />comments for re -submittal in January 2020. The developer is waiting to <br />hear regarding their application to the County for the Special Needs <br />Housing Program SNHP funding. <br />Habitat for Humanity (416 Vance Street & 826 N. Lacy Street) <br />Developer <br />Habitat for Humanity of Orange County <br />Description <br />New construction of two single-family detached homes for homeownership <br />serving households up to 120% AMI. <br />Inclusionary Housing ($231,494) and 99-year ground lease agreement for <br />City Funds <br />416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, <br />2018: $578,000 <br />The developer has completed the soils report, boundary and topo surveys. <br />Update <br />The architect and civil engineer have been engaged. Architectual <br />engineering and product design work on the site has commenced. <br />Legacy Square (609 North Spurgeon Street) <br />Developer <br />National Community Renaissance with Mercy House as the service <br />provider <br />New construction of a 100% affordable multifamily apartment complex <br />Description <br />p <br />consisting of 92 units of rental housing and 1 manager's unit. All units will <br />be affordable to households earning less than 60% AMI of which 33 units <br />will be set -aside for permanent supportive housing. <br />City Funds <br />Inclusionary Housing ($3,170,547) and eight (8) HUD-VASH PBVs <br />19C-7 <br />