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Quarterly Report for Housing Division <br />December 1, 2020 <br />Page 5 <br />Project <br />Inclusionary Housing <br /># of Units <br />Address <br />Funds Committed <br />Legacy Square <br />$ 3,170,547 <br />92 <br />609 North Spurgeon <br />Street <br />Habitat for Humanity <br />"Lacy <br />$ 231,494 <br />2 <br />416 Vance Street & <br />& Vance" <br />826 N. Lacy Street <br />Westview House <br />$ 1,514,113 <br />84 <br />2530 and 2534 <br />Westminster Avenue <br />WISE Place Steps to <br />Independence Public <br />$ 90,000 <br />N/A <br />N/A <br />Service Program <br />Down Payment <br />$ 280,000 <br />N/A <br />N/A <br />Assistance <br />TOTAL <br />$ 5,286,154 <br />178 <br />Affordable Housing Development Projects <br />There are two affordable housing developments under construction and six affordable housing <br />projects in pre -development. An existing affordable housing development (Cornerstone <br />Apartments) is also being rehabilitated. Below are brief summaries for two recently completed <br />projects, eight projects under construction / pre -development, and the project under rehabilitation. <br />Exhibit 3 provides a development timeline for the larger development projects. <br />Projects Completed <br />Santa Ana Arts Collective (1666 N. Main Street) <br />Developer <br />Meta Housing Corporation <br />Acquisition, adaptive reuse and new construction project comprised of 57 <br />Description <br />affordable rental units designated for professional artists of all disciplines, <br />and one manager's unit. Permanent supportive housing for 15 units will be <br />funded by MHSA/SNHP funds from the County of Orange. <br />Inclusionary Housing ($4,775,000), HOME Investment Partnership <br />City Funds <br />Program (HOME) ($2,627,631), Community Development Block Grant <br />CDBG $500,000 <br />The project received its certificate of occupancy on June 24. As of <br />Update <br />September 30, there are 52 units occupied and the building is anticipated <br />to be fully leased by the end of November 2020. <br />19D-5 <br />