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Nora Lake -Brown, Principal of DRA's Irvine office, has more than 30 years of experience in the analysis of real estate markets, local economies and financial feasibility. She has performed fiscal. impact assessments for more than 75 government agencies and 25 private developers statewide. She has served) as financial consultant on more than $3.5 billion- of affordable and market -rate housing, commercial, industrial and mixed -use real estate transactions and financings. Ms, Lake -Brown is a nationally recognized authority on land value recapture, using residual land value analysis to quantify the land value increment associated with government actions, such as rezoning, land use changes, and the provision of development incentives, so that a portion of the value can be recaptured for public benefit. Ms. Lake -Brown has assisted scores of cities with the preparation of residential market analyses, affordable housing needs assessments, affordability gap analyses and comprehensive housing strategies. She has analyzed inclusionary housing programs for local governments, identifying mitigations that can partially offset the costs of compliance. She has created computerized financial models to quantify the affordability cost of inclusionary housing requirements and the economic value of potential offsets and non -cash incentive measures. Ms. Lake -Brown is acknowledged as one of the leading real estate economists dedicated to affordable housing development, transactions, finance and public policy in California. Ms. Lake - Brown's technical excellence, clear insight, and extensive track record in real estate and affordable housing development finance provide concise and expert analysis in an easily understandable format. Ms. Lake -Brown served as a lead faculty of the California Redevelopment Association Affordable Housing and Developer Negotiation Institutes for six years. She's a frequent speaker at national conferences on redevelopment, land use planning, and affordable housing. Ms. Lake -Brown has helped lead low income neighborhood revitalization efforts of nonprofit development corporations involving affordable housing for renters, owners, child care facilities and community centers alike. Ms. Lake -Brown provides asset management, portfolio overview and analysis, as well as strategic, business and financial planning for nonprofit organizations and public agencies active in the affordable housing development and finance. Ms. Lake -Brown served as the principal investigator on inclusionary housing analyses for Los Angeles, San Diego, San Jose, Long Beach and other major cities, most recently Seattle, Portland, Denver and Cambridge. The Study Ms. Lake -Brown directed for the City of Los Angeles remains the largest urban inclusionary housing analysis in the United States to date. Santa Ana Community Development Agency September 21, 2021 ® , Proposal to Provide Multifamily Affordable Housing Advisory Services S