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Housing Division Quarterly Report <br />November 15, 2022 <br />Page 8 <br />3 <br />0 <br />6 <br />5 <br />Developer Community Development Partners with Mercy House as the service provider <br />Description <br />New construction of an affordable multifamily apartment development <br />consisting of 85 units of both large family and PSH units with one (1) <br />manager’s unit. Twenty-six of the units will be funded by Mainstream <br />Program PBVs and Mental Health Services Act (MHSA) funds through the <br />No Place Like Home (NPLH) program. <br />City / Authority <br />Funds <br />Inclusionary Housing ($1,514,113), HOME Investment Partnerships <br />Program ($2,003,705), Rental Rehabilitation Program ($386,523), and <br />twenty-six (26) Mainstream Program PBVs <br />Update <br />Following approval by City Council on May 17, 2022, Community <br />Development Partners successfully closed on their construction loan <br />financing on May 31, 2022. The City disbursed 90% of our Inclusionary <br />Housing ($1,514,113) and HOME Investment Partnerships Program <br />($2,003,705) loan funds at closing, and 100% of our Rental Rehabilitation <br />Program funds. Grading activities have been completed and concrete is <br />currently being poured. A groundbreaking ceremony will be held on <br />November 2, 2022. Completion of the project is anticipated in February <br />2024. <br />Crossroads at Washington (1126, 1136 and 1146 E Washington Avenue) <br />Developer The Related Companies of California (TRCC) with A Community of Friends <br />(ACOF) as co-developer and lead service provider <br />Description <br />New construction of a 100% affordable multifamily apartment complex <br />consisting of 85 units of rental housing and one (1) manager’s unit. All units <br />will be affordable to households earning less than 30% AMI of which 43 <br />units will be set-aside for permanent supportive housing. <br />City / Authority <br />Funds <br />HOME Investment Partnerships Program ($3,007,489), Neighborhood <br />Stabilization Program ($1,637,420), sixty-five (65) year ground lease <br />agreement for 1126, 1136 and 1146 E. Washington Avenue (Appraised <br />Value as of September 22, 2019: $4,108,136) and Fifteen (15) Project- <br />Based Vouchers (PBVs) <br />Update <br />With the help of the Developer, the Housing Authority and County secured <br />an award of DTSC’s Equitable Community Revitalization Grant (ECRG) <br />funds. These funds will be used for unforeseen environmental conditions <br />during the construction of the affordable housing project. The project closed <br />construction financing in July 2022. The Notice to Proceed was <br />subsequently issued to the General Contractor and the project is currently <br />under construction. Excavation and off hauling of unforeseen debris on the <br />lot occurred in August and September. <br />Habitat for Humanity (826 N Lacy & 830 N Lacy Street) <br />Developer Habitat for Humanity of Orange County <br />Description New construction of two single-family detached homes for homeownership <br />serving households up to 120% AMI. <br />City / Authority <br />Funds <br />Inclusionary Housing ($565,271) and a 99-year ground lease agreement for <br />416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, <br />2018: $578,000)