Agenda Packet_2022-02-01 - Laserfiche WebLink

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Quarterly Report for Housing Division Projects and Activities February 1, 2022 Page 6 City / Authority CDBG ($1,687,047); Eight -nine PBVs consisting of 34 HUD-VASH Funds PBVs and 55 non HUD-VASH PBVs. Construction is currently underway. Specifically, the following items have been completed: demolition of units, including dry wall removal; demolition of building exterior and existing parking lot; grading and pad Update certification of new community center building; grading of existing parking lot; fire sprinkler demolition; removal of existing insulation; removal of CMU wall; sewer work is done offsite; driveway entrance work complete. The estimated completion date is October 2022. Projects in Pre -Development Crossroads at Washington (1126 and 1146 E Washington Avenue) Developer Related Companies of California with A Community of Friends (ACOF) as co -developer and lead service provider New construction of a 100% affordable multifamily apartment complex Description consisting of 85 units of rental housing and one (1) manager's unit. All units will be affordable to households earning less than 30 /o AMI of which 43 units will be set -aside for permanent supportive housing. HOME Investment Partnerships Program ($3,007,489), Neighborhood City / Authority Stabilization Program ($1,297,693), sixty -five-year ground lease Funds agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136) Seven Project -Based Vouchers (PBVs) The Developer continues to work with the City, County, and the California Department of Toxic Substances Control (DTSC) on supplemental environmental investigations. The City, County, and DTSC entered into a Standard Voluntary Agreement for further agency oversight. DTSC is preparing the Cleanup Plan for the project. Once Update the Cleanup Plan is made available, environmental cleanup can begin. With the help of the Developer, the Housing Authority and County submitted a pre -qualifying application for DTSC's Equitable Community Revitalization Grant (ECRG), which will provide funding for cleanup activities. The ECRG full application is expected to be released in January 2022 and awards are expected to be made in April 2022. FX Residences (801, 809, 809 % E Santa Ana Boulevard) Developer HomeAid Orange County, Inc. with Mercy House as the service provider New construction of an affordable multifamily apartment complex Description consisting of 16 units of permanent supportive housing, and one manager's unit. City / Authority Housing Successor Agency ($1,656,947), three PBVs, 99-year ground Funds lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, 2018: $788,000) Update On December 7, 2021, City Council approved an additional $587,000 from its Low and Moderate Income Housing Assets Fund due to an City Council 8-6 2/1/2022