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California Health and Safety Codes, property tax abatements, density bonus, inclusionary housing, and
<br />accessory dwelling unit (ADU) law and policy. We also understand federal tax rules regarding credits,
<br />depreciation and capital gains. Our clients include federal, state and local government agencies,
<br />nonprofit and for -profit developers, corporations, institutional investors, foundations, professional
<br />associations and research organizations. We have served in 45 states and more than 300 jurisdictions.
<br />DRA assists its housing agency clients in developer selection and due diligence, project financial
<br />structuring, financial feasibility assessment, document review and negotiations. We have housing market
<br />and demographic expertise in Orange, Los Angeles and San Diego Counties, as well the Inland Empire.
<br />We have served as on -call development and financial advisor to numerous local agencies in Orange
<br />County, Southern California, throughout the State of California, and nationally. DRA's current and former
<br />clients include the Los Angeles Housing Department, the LA County Community Development
<br />Commission, the Housing Authorities of the Cities of Los Angeles, Riverside, and Richmond, California,
<br />and the cities and former Redevelopment Agencies of Irvine, Brea, Tustin, Orange, Pasadena, San Diego,
<br />Long Beach, Sacramento, San, Jose, San Francisco, Oceanside, Escondido, Poway, Oakland, East Palo
<br />Alto and Berkeley, to name just a few. DRA's combination of policy, analysis and financial advisory
<br />transactional work provides our clients with unique insights into threshold requirements for developers,
<br />lenders and investors, both for profit and nonprofit.
<br />DRA has helped more than forty communities research and develop inclusionary housing programs,
<br />in lieu fees and other housing mitigation measures. DRA has also conducted dozens of nexus studies
<br />supporting development impact fees and other mitigation requirements for affordable housing.
<br />California inclusionary and nexus fee clients include Los Angeles, Pasadena, San Jose, Oakland, East
<br />Palo Alto, Hayward, Marin County, Sacramento, Palo Alto, San Luis Obispo, and others. Our thorough
<br />understanding of U.S. Supreme Court and state statutory requirements, as well as recent court decisions
<br />affecting inclusionary housing, have helped municipalities address density bonus law and Health and
<br />Safety Code provisions for affordable housing.
<br />If selected, we would welcome the opportunity to collaborate with the City of Santa Ana on your
<br />critically important affordable housing efforts.
<br />Sincerely,
<br />Nora Lake -Brown
<br />Principal
<br />Attachment: Qualifications to Provide Affordable Housing Analytical and Advisory Services
<br />Santa Ana Community Development Agency September 21, 202'1
<br />® ® Proposal to Provide Multifamily Affordable Housing Advisory Services 2
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