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Fiscal Year 21-22 Request for Proposals for Affordable Housing Development <br />December 7, 2021 <br />Page 3 <br />2 <br />2 <br />6 <br />1 <br />e. architectural, legal, and organizational fees; <br />f. temporary or permanent tenant relocation costs. <br />Land Assets Owned by the Housing Authority <br />Staff is also including a land asset currently held by the Housing Authority in this RFP. <br />The proposed development of the property would be solely for the development of <br />affordable housing. The land asset owned by the Housing Authority and available for <br />development under this RFP is as follows: <br />(1) 302 E. Twenty-Second Street <br />a) APN: 003-122-25 <br />b) Lot Size: 27,817sf <br />c) Current Zoning: R1 Single-Family Residence, which allows one house per lot. <br />d) Parcel was purchased using Low and Moderate Income Housing Asset Fund - 20% <br />Set Aside <br />e) Previous Use: Purchased from Cal Trans. It was a remnant parcel from the <br />freeway-widening project. The site was vacant and undeveloped at the time it was <br />acquired. <br />f) General Plan: Low Density Residential, which allows single-family residences and <br />ancillary uses. <br />g) Maximum du/ac: Seven units per acre. <br />h) Site Condition / Environmental Conditions: Property is irregular in shape, is below <br />the minimum lot size for a residential lot, and will most likely require the approval <br />of several variances from the zoning code in order to facilitate a residential unit. <br />The land asset will be awarded under a ground-lease option such that the land will remain <br />with the Authority as a long-term public benefit. Specifically, the Housing Authority <br />intends to retain ownership of the site and enter into a long-term ground lease for up to <br />99 years. The parcel will be conveyed through a ground lease, in an as-is condition. As <br />it will be stipulated in the ground lease, the value of the land and the site preparation costs <br />will be provided to the project as a land subsidy in the form of a promissory note. <br />With approval by the City Council, the RFP for Affordable Housing Development is <br />scheduled to be released on December 8, 2021. The deadline for the RFP will be <br />February 28, 2022. The RFP will be published on both the City and Housing Authority’s <br />websites; a public notice will be published in the OC Register; an e-mail will be sent out <br />to Orange County’s largest affordable housing membership associations including the <br />Kennedy Commission, 2-1-1 Orange County, and the Southern California Association of <br />Nonprofit Housing; and a letter will be e-mailed to interested developers and nonprofit <br />organizations who had previously requested to be informed of development opportunities <br />on the Community Development Agency’s RFP Process Database. Developers and <br />nonprofit organizations interested in being added to the RFP Process Database can do <br />so by contacting the City’s Housing Division.