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Quarterly Report for Housing Division <br />December 1, 2020 <br />Page 9 <br />North Harbor Villaqe (1108 N. Harbor) <br />Developer <br />Jamboree Housing Corporation <br />New construction of a 100% affordable multi -family apartment complex <br />Description <br />consisting of 89 permanent supportive housing studio units for homeless <br />veterans. <br />City Funds <br />Eight -nine HUD-VASH PBVs and CDBG ($1,687,047) <br />Multi -family Housing Program (MHP) funding awards were announced in <br />late December 2019 and the developer did not receive an MHP grant due <br />to extraordinary competition across the state. The developer submitted an <br />application to the Veterans Housing and Homelessness Prevention (VHHP) <br />Program on February 13, 2020. The developer also resubmitted an MHP <br />application on March 3, 2020 for the second round as an alternative <br />financing strategy. This award was highly competitive and the developer did <br />not receive MHP financing. Additionally, the developer applied on March <br />25, 2020 to the Orange County Housing Finance Trust fund for additional <br />financing. On May 13, 2020, the developer received financing commitment <br />Update <br />for $2,292,920 from OCHFT. On June 10, 2020, the developer received a <br />financing commitment for $10,000,000 from VHHP. On June 11, 2020, the <br />developer applied for tax exempt bond financing through CDLAC totaling <br />$24,000,000. This tax exempt bond financing will be used for the <br />construction loan. On July 1, 2020, the developer applied for 4% <br />competitive state and federal tax credits. Awards for these financing <br />sources should be announced in July and September respectively. If <br />awarded tax credits, construction would then likely begin early to late Q1 <br />2021. Project received both tax-exempt bond and 4% competitive state and <br />federal tax credits. Community meeting is scheduled for November4, 2020 <br />to finalize design review approval. The consultant team kick-off meeting <br />was held in September in preparation for closing in March 2021. <br />Westview House (2530 Westminster Avenue) <br />Developer <br />Community Development Partners <br />New construction of an affordable multi -family apartment development <br />Description <br />consisting of 85 units of both large family and PSH with one manager's unit. <br />A total of 26 of the units will be funded by MHSA funds and the NPLH <br />program. <br />City Funds <br />Inclusionary Housing ($1,514,113), HOME Investment Partnerships <br />Program $2,003,705 and Rental Rehabilitation Program $386,523 <br />The developer applied for the OC 2020 Supportive Housing NOFA MHSA <br />Update <br />funds and is currently in the underwriting process with the County of <br />Orange. They have also been notified that the County Health Care Agency <br />and OCCR will co-sponsor their competitive NPLH application in January <br />19 D-9 <br />