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CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY - <br />AFFORDABLE HOUSING FINANCIAL, ANALYTICAL & ADVISORY SERVICES <br />tasks include financial and feasibility analyses, property disposition and negotiation for long-term <br />ground leases. The projects are financed with a variety of funding sources including Low Income <br />Housing Tax Credits, HOME funds, Section 8 Project-Based Vouchers (PBVs) and State of California <br />funding sources. Recent projects include a motel conversion which will create 70 PSH units as well as a <br />proposed 100-unit PSH project to be developed adjac entto a shelter facility. <br />l(MA also assists the City with developer selection services. These services include the assistance in <br />drafting the RFQ/P, financial assessments of proposed outside leveraging sources and the financial <br />assistance package being requested, participating in the Interview process and negotiating the <br />assistance package dollar amount and structure. <br />In addition, KMA provides policy-related services including compliance monitoring and reporting, <br />density bonus policy and related analyses, and public presentations on inclusionary housing and impact <br />fee issues. <br />One of the projects that KMA has provided financial advisory services for is the. <br />Manchester/Orangewood development. The former Redevelopment Agency acquired the <br />Manchester/Orangewood site in 2008. In 2018, the City/Housing Authority issued a request for <br />proposals to develop the site with affordable housing. KMA participated in the RFP evaluation panel <br />and advised the City/Housing Authority on the selection of the developer, Jamboree Housing <br />Corporation. Subsequently, KMA reviewed the developer's pro formas, prepared financial gap <br />analyses, and assisted the Housing Authority in negotiating the ground lease terms and financial <br />assistance structure. The project includes 102 apartment units restricted to extremely-low, very-low <br />and low income households. Twenty (20) units in the project will be restricted as permanent <br />supportive housing {PSH) units for homeless households. The outside funding sources included 9% Tax <br />Credits and Orange County Housing Trust funds. The Housing Authority provided a ca pitalized ground <br />rent payment, HOME funds and Low and Moderate Income Housing Asset fu nds. KMA completed <br />financial advisory services for this project in 2020. Community Investment Manager� Community & Economic Development City of Anaheim Phone: 714-765-4368 Email: anogal@anaheim.net 201 South Anaheim Blvd, Suite 1003, Anaheim, CA 92805 Keyser Marston Associates, Inc. Page I 15 <br />EXHIBIT 1