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Quarterly Report for Housing Division Projects and Activities <br />September 7, 2021 <br />Page 5 <br />1 <br />9 <br />4 <br />3 <br />issued on June 22, 2021. Retail renovations are complete, with final signage <br />in progress. The project is now 100% leased. <br />Projects under Construction <br />Legacy Square (609 North Spurgeon Street) <br />Developer National Community Renaissance with Mercy House as the service provider <br />Description <br />New construction of a 100% affordable multifamily apartment complex <br />consisting of 92 units of rental housing and one (1) manager’s unit. All units <br />will be affordable to households earning less than 60% AMI of which 33 units <br />will be set-aside for permanent supportive housing. <br />Authority <br />Funds Eight (8) Project-Based Vouchers (PBVs) <br />Update Construction is currently ongoing and on July 8, 2021 a Groundbreaking <br />Ceremony was celebrated. The estimated completion date is February 2023. <br />North Harbor Village (1108 North Harbor Boulevard) <br />Developer Jamboree Housing Corporation <br />Description Acquisition and rehabilitation of a former motel yielding 89 units of permanent <br />supportive housing. <br />City / Authority <br />Funds <br />CDBG ($1,687,047); Eight-nine (89) PBVs consisting of 34 HUD-VASH PBVs <br />and 55 non HUD-VASH PBVs. <br />Update <br />The developer closed on their construction financing on April 1, 2021 <br />Construction is currently ongoing. The estimated completion date is October <br />2022. <br />Projects in Pre-Development <br />Crossroads at Washington (1126 and 1146 East Washington Avenue) <br />Developer Related Companies of California with A Community of Friends (ACOF) as co- <br />developer and lead service provider <br />Description <br />New construction of a 100% affordable multifamily apartment complex <br />consisting of 85 units of rental housing and one (1) manager’s unit. All units <br />will 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 ($963,951), sixty-five (65) year ground lease <br />agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of <br />September 22, 2019: $4,108,136) <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 (DTSC) <br />on supplemental environmental investigations. The City, County, and DTSC <br />are expected to enter into a Standard Voluntary Agreement for further <br />agency oversight.