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CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY — f AFFORDABLE HOUSING FINANCIAL, ANALYTICAL & ADVISORY SERVICES a tasks include financial and feasibility analyses, property disposition and negotiation for long-term ground leases. The projects are financed with a variety of funding sources including Low Income. Housing Tax Credits, HOME funds, Section 8 Project -Based Vouchers (PBVs) and State of California funding sources. Recent projects include a motel conversion which will create 70 PSH units as well as a. proposed 100-unit PSH project to be developed adjacent to a shelter facility. KMA also assists the City with developer selection services. These services include the assistance in drafting the RFQ/P, financial assessments of proposed outside leveraging.sources and the financial assistance package being requested, participating in the Interview process and negotiating the assistance package dollar amount and structure. In addition, KMA provides policy -related services including compliance monitoring and reporting, density bonus policy and related analyses, and public presentations on inclusionary housing and impact fee issues. One of the projects that KMA has provided financial advisory services for is the. Manchester/Orangewood development. The former Redevelopment Agency acquired the Manchester/Orangewood site in 2008, In 2018, the City/Housing Authority issued a request for. proposals to develop the site with affordable housing. KMA participated in the RFP evaluation panel and advised the City/Housing Authority on the selection of the developer, Jamboree Housing Corporation, Subsequently, KMA reviewed the developer's pro formas, prepared financial gap analyses, and assisted the Housing Authority in negotiating the ground lease terms and financial assistance structure. The project includes 102 apartment units restricted to extremely -low, very -low and low Income households. Twenty (20) units In the project will be restricted as permanent supportive housing (PSH) units for homeless households. The outside funding sources included 9%Tax Credits and Orange County Housing Trust funds. The Housing Authority provided a capitalized ground rent payment, HOME funds and Low and Moderate Income Housing Asset funds. KMA completed financial advisory services for this project in 2020. mmuoity'Tnveshnent Manager - Community Economic Development City of Anaheim Phone: 714-7654368 Emalk anogaloanaheim.net 2..01 South Anaheim Blvd, Suite 1003, Anaheim, CA 92805 Keyser Marston Associates, Inc. Page l lim