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Item 27 - Extension of Pre-Loan Commitment for North Harbor Village and TEFRA
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Item 27 - Extension of Pre-Loan Commitment for North Harbor Village and TEFRA
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Agenda Packet
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Clerk of the Council
Item #
27
Date
3/2/2021
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SANTA ANA CITY COUNCIL <br />Vicente Sarmiento <br />Mayor <br />vsarmiento@santa-ana.org <br />David Penaloza <br />Mayor Pro Tem, Ward 2 <br />dpenaloza@santa-ana.org <br />Thai Viet Phan <br />Ward 1 <br />tphan@santa-ana.org <br />Jessie Lopez <br />Ward 3 <br />jessielopez@santa-ana.org <br />Phil Bacerra <br />Ward 4 <br />pbacerra@santa-ana.org <br />Johnathan Ryan Hernandez <br />Ward 5 <br />jryanhernandez@santa-ana.org <br />Nelida Mendoza <br />Ward 6 <br />nmendoza@santa-ana.org <br />MAYOR <br />Vicente Sarmiento <br />MAYOR PRO TEM <br />David Penaloza <br />COUNCILMEMBERS <br />Phil Bacerra <br />Johnathan Ryan Hernandez <br />Jessie Lopez <br />Nelida Mendoza <br />Thai Viet Phan CITY OF SANTA ANA <br />COMMUNITY DEVELOPMENT AGENCY <br />20 Civic Center Plaza ● P.O. Box 1988 <br />Santa Ana, California 92702 <br />(714) 647-5360 <br />www.santa-ana.org <br />CITY MANAGER <br /> Kristine Ridge <br />CITY ATTORNEY <br /> Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br /> Daisy Gomez <br />March 2, 2021 <br />Laura Archuleta <br />President <br />Jamboree Housing Corporation <br />17701 Cowan Avenue, Suite 200 <br />Irvine, California 92614 <br />Re: North Harbor Village (previously referred to as “Budget Inn”) <br />1108 N. Harbor Boulevard, Santa Ana, CA 92703 <br />Pre-Commitment Letter for CDBG Loan and Project Based Vouchers <br />Dear Ms. Archuleta: <br />Jamboree Housing Corporation (“Developer”) requested financial assistance in connection <br />with the proposed development of an eighty-nine (89) unit affordable housing complex to be <br />located at 1108 N. Harbor Boulevard, Santa Ana, CA 92703 (“Project”). <br />The City of Santa Ana (“City”) and the Housing Authority of the City of Santa Ana (“Housing <br />Authority”) previously reviewed the Developer's request for assistance, and at the City <br />Council / Housing Authority meeting on February 5, 2019, the City Council and Housing <br />Authority Board authorized and approved issuance of a pre-commitment letter evidencing <br />the preliminary award of (collectively, the “City Assistance”): <br />-A loan in the maximum amount of $1,687,047 funded from the U.S. Department <br />of Housing and Urban Development (HUD) Community Development Block <br />Grant funds (“CDBG”) held by the City of Santa Ana (“City Loan”); and, <br />-Eighty-nine (89) U.S. Department of Housing and Urban Development-Veterans <br />Affairs Supportive Housing (“HUD-VASH”) Project-Based Vouchers (“PBV”) for <br />Permanent Supportive Housing for the Project. <br />EXHIBIT 3
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