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Quarterly Report for Housing Division Projects and Activities <br />November 2, 2021 <br />Page 5 <br />2 <br />1 <br />9 <br />5 <br />Description <br />New construction of a 100% affordable multifamily apartment complex <br />consisting of 85 units of rental housing and one manager’s unit. All units will <br />be affordable to households earning less than 30% AMI of which 43 units <br />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 ($1,297,693), sixty-five-year ground lease agreement <br />for 1126 and 1146 E Washington Avenue (Appraised Value as of September <br />22, 2019: $4,108,136) Seven (7) Project-Based Vouchers (PBV’s). <br />Update <br />The Developer was successfully awarded Orange County Housing Finance <br />Trust funds in May 2021. The Developer continues to work with the City, <br />County, and the California Department of Toxic Substances Control <br />(DTSC) on supplemental environmental investigations. The City, County, <br />and DTSC entered into a Standard Voluntary Agreement for further <br />agency oversight. DTSC is preparing the Cleanup Plan for the project. <br />Once the Cleanup Plan is made available, environmental cleanup can <br />begin. <br />FX Residences (801, 809, 809 ½ East Santa Ana Boulevard) <br />Developer HomeAid Orange County, Inc. with Mercy House as the service provider <br />Description New construction of an affordable multifamily apartment complex consisting <br />of 16 units of permanent supportive housing, and one (1) manager’s unit. <br />City / Authority <br />Funds <br />Housing Successor Agency ($1,069,947), three (3) PBVs, 99-year ground <br />lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, <br />2018: $788,000) <br />Update <br />HomeAid Orange County applied for $300,000 from Federal Home Loan <br />Bank of San Francisco through their Affordable Housing Program (AHP) <br />Loan Program at the beginning of March but the project was not awarded <br />the AHP funds. Following this project setback, HomeAid Orange County is <br />requesting additional financial support from the City of Santa Ana to close <br />the financial gap of the project. HomeAid will be submitting the first set of <br />Building permit drawings in early/mid October. <br />Habitat for Humanity (416 Vance Street & 826 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) <br />Update <br />On April 6, 2021, City Council approved a First Amendment to the <br />Conditional Grant Agreement with Habitat for Humanity of Orange County <br />for an additional $333,777 in Inclusionary Housing Funds for a total <br />Inclusionary Grant amount of $565,271 for the development of the project. <br />The Developer’s Site Plan Review application was submitted in April 2021.