Item 08 - Quarterly Report for Housing Division Projects and Activities

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Quarterly Report for Housing Division Projects and Activities February 1, 2022 Page 6 2 4 1 0 City / Authority Funds CDBG ($1,687,047); Eight-nine PBVs consisting of 34 HUD-VASH PBVs and 55 non HUD-VASH PBVs. Update 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 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 Description New construction of a 100% affordable multifamily apartment complex consisting of 85 units of rental housing and one (1) manager’s unit. All units will be affordable to households earning less than 30% AMI of which 43 units will be set-aside for permanent supportive housing. City / Authority Funds HOME Investment Partnerships Program ($3,007,489), Neighborhood Stabilization Program ($1,297,693), sixty-five-year ground lease agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136) Seven Project-Based Vouchers (PBVs) Update 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 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 ½ E Santa Ana Boulevard) Developer HomeAid Orange County, Inc. with Mercy House as the service provider Description New construction of an affordable multifamily apartment complex consisting of 16 units of permanent supportive housing, and one manager’s unit. City / Authority Funds Housing Successor Agency ($1,656,947), three PBVs, 99-year ground 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