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TEFRA Hearing for First Point Apartments II <br />December 20, 2022 <br />Page 2 <br />3 <br />1 <br />3 <br />9 <br />The Board of Directors of the California Foundation for Stronger Communities, a <br />California non-profit public benefit corporation, acts as the Board of Directors for the <br />CMFA. Through its conduit issuance activities, the CMFA shares a portion of the <br />issuance fees it receives with its member communities and donates a portion of these <br />issuance fees to the Foundation for the support of local charities. <br />Project Description <br />First Point II Apartments is a new construction project located in Santa Ana on a 2.86- <br />acre site. The project consists of 204 restricted rental units and 2 unrestricted <br />managers’ units. The project will have 76 two-bedroom units, 68 three-bedroom units <br />and 60 four-bedroom units. The type of construction will be a six story, wood frame <br />structure on top of a podium parking. Common amenities will include community <br />gathering areas, community rooms, a playground, exercise room, computer room and <br />community laundry facilities. Each unit will have a refrigerator, dishwasher, garbage <br />disposal, range with an oven and covered patio or balcony. This development will <br />provide 204 units of affordable housing for a 55 year period. <br />FISCAL IMPACT <br />The City received a payment of $928 to hold a TEFRA Hearing for this project that was <br />deposited into the Miscellaneous Revenue account 01102002-53902 TEFRA Hearing <br />Fee. <br />EXHIBIT(S) <br />1. TEFRA Resolution <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Kristine Ridge, City Manager