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Community Development Agency <br />https://www.santa-ana.org/cd <br />Item # 16 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />December 7, 2021 <br />TOPIC: Affordable Housing Project at 801, 807, 809 and 809'/2 E. Santa Ana Blvd <br />AGENDA TITLE: <br />Approve an Appropriation Adjustment, a Density Bonus Agreement, and a Development <br />Impact Fee Deferral Agreement with Shelter Providers of Orange County, Inc. DBA <br />HomeAid Orange County, Inc. for the development of the FX Residences affordable <br />housing project located at 801, 807, 809 and 809 '/2 E. Santa Ana Blvd (Non -General <br />Fund) (Contingent upon approval of Housing Authority Item #3). <br />RECOMMENDED ACTION <br />1. Authorize the City Manager to execute a Density Bonus Agreement with Shelter <br />Providers of Orange County, Inc. DBA HomeAid Orange County, Inc., for a 55-year <br />term, for the development of the FX Residences affordable housing project located at <br />801, 807, 809 and 809 '/2 E. Santa Ana Blvd, subject to non -substantive changes <br />approved by the City Manager and City Attorney. <br />2. Authorize the City Manager to execute a Development Impact Fee Deferral <br />Agreement with Shelter Providers of Orange County, Inc. DBA HomeAid Orange <br />County, Inc., to defer approximately $510,000 of their development impact fees for the <br />development of the FX Residences affordable housing project located at 801, 807, <br />809 and 809 '/2 E. Santa Ana Blvd, subject to non -substantive changes approved by <br />the City Manager and City Attorney. The calculation of the final fee amount to be <br />deferred will be determined at the time of issuance of the certificate of occupancy. <br />3. Approve an appropriation adjustment to recognize $587,000 in prior -year fund balance <br />from the Low and Moderate Income Housing Asset Fund and appropriate the same <br />amount to the Low and Moderate Income Housing Asset Fund, Loans and Grants <br />account (no. 60718830-69152) for the development of the FX Residences affordable <br />housing project located at 801, 807, 809 and 809'/2 E. Santa Ana Blvd. (Requires five <br />affirmative votes) <br />EXECUTIVE SUMMARY <br />On January 15, 2019, the Housing Authority approved an award of $1,069,947 in funding <br />and agreed to enter into a 99-year Ground Lease for the development of the Frances <br />Xavier Residence affordable housing project by Shelter Providers of Orange County, Inc. <br />DBA HomeAid Orange County, Inc. After nearly three years of predevelopment in which <br />City Council 16 — 1 12/7/2021 <br />