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CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY — AFFORDABLE HOUSING FINANCIAL, ANALYTICAL & ADVISORY SERVICES The projects that KMA analyzes are financed with a variety of funding sources including Tax Credits, HCD funding sources, and the city's HHH funds, which are designated for PSH units, KMA summarizes each transaction in a.memorandum and presents each project to LAHD's Loan Committee for approval. KMA is currently providing financial advisory services to LARD. One of these projects involved Four parcels located at 6901-15 South Main Street and owned by LAHD, Which were adjacent to a parcel owned by the developer, The disposition structure involved selling the four LAHD parcels to the developer via a carry -back loan provided by LAHD. The developer is required to construct a 50-unit affordable apartment project on the combined site. In addition to, conveyance of the site, the developer requested that LAHD issue tax-exempt multifamily bonds and provide HHH Funds. The developer Is also proposing to finance the project with 4%Tax Credits, Affordable Housing Program (AHP) funds, and funds from the Los Angeles Community Development Authority (LACDA). KMA analyzed multiple pro. forma and cash flow scenarios to determine the best site conveyance and financial assistance structure for LAHD. KMA prepared a Loan Committee Report for the. project as well as worked with LAHD staff to prepare the project's term sheet. KMA attended LAHD's Loan Committee meeting to discuss the project and responded to questions posed by the Loan Committee. Since the site was purchased with tax-exempt bonds secured by property tax increment housing set - aside funds, ICMA also prepared a 33433 Report. KMA completed financial advisory services for this project in 2017. Acting Director — Housing Sz Services' Division ' City of Los Angeles Housing Department (LARD) Phout '3=808-8592. e21 Lmail: magdalina.zal<aryan@lacity,org 1200 W, 'Pi' Street, 80, Floor, Los Angeles, CA 90017 City of Anaheim —Affordable Housing ,Development Projects Since the late 1970s, ICMA has been the former redevelopment agency's real estate advisor. Commencing in the late 1980s, KMA has represented the former redevelopment agency and Anaheim Housing Authority in a wide array of affordable housing matters. I(MA provides on -going real estate and negotiations assistance to Anaheim on a variety of affordable housing transactions Including ownership and rental projects, In some Instances; the City ground leases the City -owned site to an affordable housing developer for the purposes of the project. KMA's. Keyser Marston Associates, Inc. ��_ Page 1.14