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CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY — <br />AFFORDABLE HOUSING FINANCIAL, ANALYTICAL & ADVISORY SERVICES <br />KMA has a robust practice in evaluating the development economics of Individual projects -- Including, <br />projects with an affordable housing component. From this practice, we understand construction costs, <br />financing structures and the "affordability and feasibility gaps" associated with developing both market <br />rate and affordable housing. The following describes aspects of KMA's experience relevant to the <br />requested scope of services: <br />A. MARKET AND FINANCIAL ANALYSIS OF PROJECTS WITH AN AFFORDABLE HOUSING COMPONENT <br />Market and Financial Analysis <br />KMA prepares market and financial analyses that result in identifying an appropriate level of client <br />investment in a project. We evaluate the impact of burdens and incentives on affordable housing <br />programs and advise on all aspects of project funding sources, Including the use of available outside <br />funding and assistance sources. Since 1989, KMA has assisted clients in structuring affordable housing <br />projects that use multiple funding sources Including the following: <br />1. Low Income Housing Tax Credits (Tax Credits), including both the competitively awarded 9%Tax <br />Credits and the 4%Tax Credits that are awarded in conjunction with Tax Exempt Multifamily <br />Bonds allocated by the California Debt Limit Allocation Committee (CDLAC). <br />2. Low and Moderate Income Housing Asset Funds (Housing Asset funds). <br />3. Funding sources administered by the California Department of Housing and Community <br />Development Including: <br />a. Affordable Housing and Sustainable Communities (AHSC) funds; <br />b. Multifamily Housing Program (MHP) funds; <br />C. No Place Like Home (NPLH) funds; and <br />d. Project Homekey funds. <br />4. California Housing Financing Agency (CaIHFA) funds. <br />5. United States Department of Housing and Urban Development (HUD) funds including: <br />a. HOME Program funds,• <br />b. Community Development Block Grant (CDBG) funds; <br />Keyser Marston Ass oclates, Inc. Page 14 <br />