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DRA continues to provide on -call policy and analytical services to the City of Oakland for <br />both its affordable multifamily and affordable homeownership programs. <br />Richmond Housing Authority Development Advisory <br />DRA serves as development and financial advisor to the Richmond Housing Authority on its <br />public housing and affordable housing inventory. To improve their financial viability and long- <br />term sustainability, RHA has embarked on an analysis of repositioning options and <br />recommendations for its Public Housing and Housing Choice Voucher (HCV) Programs. The <br />goal of the repositioning effort is to develop .financial structures that eliminate current <br />operating shortfalls, improve the living conditions of residents, revitalize and/or redevelop <br />RHA housing assets, put in place long-term sustainable financial repositioning of each asset, <br />and bring each asset up to modern standards of design, energy efficiency, resident amenities <br />and quality of construction. <br />DRA is advising RHA on its transitioning of public housing projects using RAID, Section 18 <br />and Section 30 disposition processes. DRA is currently advising RHA on five different <br />properties in different stages of the disposition process, involving the acquisition/rehabilitation <br />of existing buildings and new construction to increase the density on existing development <br />sites. DRA assists RHA in drafting RFPs and RFQs for redevelopment of the sites and the <br />evaluation and due diligence on submitted developer proposals, financial plans and pro <br />formas. DRA advises RHA on negotiation of deal terms with the developers for Exclusive <br />Negotiation Agreements and Loan, Disposition and Development Agreement. DRA assists <br />RHA in successfully navigating the HUD disposition process and achieving the goals and <br />schedule of its Public Housing Recovery and Sustainability (PHARS) Agreement with HUD. <br />City of Oceanside Inclusionary Housing Analysis <br />The City of Oceanside has engaged DRA to assist the City in undertaking a comprehensive <br />review and analysis of its existing Inclusionary Housing Ordinance (IHO). The City seeks to <br />update the IHO with a focus on encouraging developers to build affordable units with the goal <br />of maximizing unit production. DRA will facilitate two Stakeholder Meetings designed to <br />solicit the input of the residential development community on existing provisions of the IHO <br />that developers find most problematic and on suggestions to improve the II-10 to better <br />stimulate on -site unit production. DRA will prepare an economic analysis to estimate the effect <br />of alternative affordable housing set -aside requirements, incentives, and alternative <br />compliance options on the financial feasibility of new market rate housing construction. <br />Santa Ana Community Development Agency September 21, 2021 <br />Proposal to Provide Multifamily Affordable Housing Advisory Services 12 <br />