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Quarterly Report for Housing Division Projects and Activities <br />February 1, 2022 <br />Page 5 <br />Project <br />Inclusionary Housing <br /># of Units <br />Address <br />Funds COMMITTED <br />Habitat for Humanity <br />"Lacy <br />$565,271 <br />2 <br />416 Vance Street & 826 <br />& Vance" <br />N Lacy Street <br />Westview House <br />$1,514,113 <br />84 <br />2530 and 2534 <br />Westminster Avenue <br />WISE Place Steps to <br />Independence Public <br />$90,000 <br />N/A <br />N/A <br />Service Program <br />Down Payment <br />$1,250,000 <br />N/A <br />N/A <br />Assistance <br />TOTAL <br />$3,419,384 <br />86 <br />Affordable Housing Development Projects <br />There are two affordable housing projects under construction, and four affordable housing <br />projects in pre -development. Following approval by City Council, staff also issued an <br />RFP for Affordable Housing Development on December 8, 2021 to finance the <br />development of additional affordable housing projects. Below is a brief summary and <br />status update for each project. Exhibit 3 provides a development timeline for each project. <br />Projects under Construction <br />Legacy Square (609 N Spurgeon Street) <br />Developer <br />National Community Renaissance with Mercy House as the service <br />provider <br />New construction of a 100% affordable multifamily apartment complex <br />Description <br />consisting of 92 units of rental housing and one manager's unit. All units <br />will be affordable to households earning less than 60 /o AMI of which 33 <br />units will be set -aside for permanent supportive housing. <br />Authority Funds <br />Eight Project -Based Vouchers (PBVs) <br />Construction is currently underway. Specifically, the podium deck is <br />100% poured. Framing on the podium deck (2nd floor) at section's A & <br />Update <br />B are up. Community center and leasing area steel studs are framed. <br />MEP's are underway under the deck and in the parking garage. The <br />estimated completion date is February 2023. <br />North Harbor Village (1108 N Harbor Boulevard) <br />Developer <br />Jamboree Housing Corporation <br />Description <br />Acquisition and rehabilitation of a former motel yielding 89 units of <br />permanent supportive housing. <br />City Council 8-5 2/1/2022 <br />