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OrganizationalBackground
<br />David Paul Rosen & Associates (DRA) is a sole proprietorship formed in 1980 to provide
<br />financial and development advisory services for affordable housing, mixed -use and transit -
<br />oriented development. With offices in the San Francisco Bay Area and Irvine, California, DRA
<br />Principals have advised on more than $10 billion in low income housing finance and project
<br />development representing more than 100,000 units. DRA has pioneered finance and public
<br />policy initiatives in affordable housing, small business, economic development, banking, asset
<br />management, insurance, and urban planning. DRA is comprehensively and authoritatively
<br />expert in all forms of affordable rental housing finance and development. DRA has placed,
<br />analyzed and valued an estimated $3 billion in LIHTC rental housing developments, helped
<br />raised more than $400 million in equity capital, and negotiated lending commitments in
<br />excess of $1 billion for our clients.
<br />DRA's clients include federal, state, and local government agencies, non-profit and for -profit
<br />developers, corporations, foundations, professional associations and research organizations in
<br />45 states, and more than 300 cities and counties. Our current and former California municipal
<br />and housing authority clients include Irvine, Brea, Tustin, Orange, Pasadena, Los Angeles, San
<br />Diego, Long Beach, Riverside, Richmond, Sacramento, San, Jose, San Francisco, Oceanside,
<br />Escondido, Poway, Oakland, East Palo Alto, to name just a few. We have also advised on
<br />multifamily affordable housing and inclusionary housing assignments in Seattle, WA; Portland,
<br />OR; Denver, CO; Chicago, IL; Cambridge, MA; Richmond, VA; Chapel Hill, NC.
<br />The City and the Authority seek to retain one or more consulting firms to advise the City and
<br />Authority, as needed, on all financial matters and programs of work involving affordable
<br />housing. The City of Santa Ana provides financing to affordable housing projects within the
<br />City through the use of the CDBG Program, HOME Program, Neighborhood. Stabilization
<br />Program, PBV Program, LMIHAF, and local inclusionary housing funds.
<br />DRA proposes to provide services to the City in two out of the three areas identified in the
<br />RFP. DRA proposes to provide services in the following two areas:
<br />(3) General multi -family affordable housing financial, analytical and/or advisory
<br />services;
<br />(4) Inclusionary housing financial analysis and advisory services.
<br />Santa Ana Community Development Agency September 21, 2021
<br />® Proposal to Provide Multifamily Affordable Housing Advisory Services 3
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