Item 03 - Affordable Housing Project at 801, 807, 809 and 809 ½ E. Santa Ana Blvd.

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Loan Agreement and Ground Lease Agreement for FX Residences December 7, 2021 Page 10 2 2 6 4 Open space will be provided through a private interior courtyard approximately 1,877 square feet in size. The design and layout of the proposed courtyard creates a unique outdoor area within the development that functions as a passive outdoor space. The courtyard will feature an exterior art wall/mural and a robust landscape palette with a variety of hardscaping materials, trees, and shrubs. Trees and shrubs include, but are not limited to, queen palms, camphor and crape myrtle trees, Indian Hawthorne, red kangaroo paw, and blue ice yellow- wood. Landscaping and a block wall will provide buffering/screening for the adjacent single- family residences to the north. The block wall will feature a varied wall height to allow for proper egress and fire access to building on the adjacent property, which is too close the existing property line. The Project features a Mission Revival architectural style common of many multiple-family or mixed-use residential communities under construction in Santa Ana and the region. The residential structure is designed to fully screen all mechanical equipment within the structure and parapet walls. The Mission Revival style respects and complements the surrounding neighborhood, including the Triada at the Station District located on the corner of Santa Ana Boulevard and Lacy Street across the street from the Project, which was completed in 2013. The Project will be constructed by the same general contractor as the Triada. Overall, the project will include a design and solid construction materials that will ensure that the Project ages well for the duration of the building’s lifetime. The Project is proposed to be entirely affordable with 16 units of permanent supportive housing for individuals experiencing chronic homelessness. Nine (9) of the units will be permanent supportive housing for households earning no more than 30% of the Area Median Income; seven (7) of the units will be permanent supportive housing for households earning no more than 25% of the AMI; and one (1) of the units is reserved for an on-site manager. There will be a local preference for chronically homeless residents of Santa Ana who live or work in the City. The unit mix and rent restrictions are as follows: Unit Size No. Units AMI 9 30% 7 25%1-Bedroom 1 Manager’s Unit FISCAL IMPACT Funds for the loan agreement in the amount of $962,952.30 (90% of the original award amount) are available in the Low and Moderate Income Housing Asset Fund, Loans and Grants account (no. 60718830-69152) for expenditure in the current fiscal year. Upon approval of the appropriation adjustment by City Council in Item #14, an additional $528,300 (90% of the additional award amount) will be available in the same Loans and Grants account for expenditure. The remaining $165,694.70 (10%) will be budgeted and included in the FY 2022-23 annual budget.