Item 10 - Fiscal Year 2023-24 Homeownership Initiatives

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EXHIBIT 1 EXHIBIT A — SCOPE OF WORK CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY REQUEST FOR PROPOSALS FOR AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES I. INTRODUCTION In order to meet the City's goals, the City is soliciting proposals for the development of affordable homeownership projects from developers who are experienced, very knowledgeable of affordable housing programs and its requirements, financially creative and capable of developing, managing and maintaining high quality housing. The selected developer must have a demonstrated history of working cooperatively with surrounding neighborhoods in all phases of project development. Both nonprofit and for profit developers are eligible to apply, either individually or in partnership with other entities. Developers who can demonstrate the capability to make other funds a significant part of the financing mix for their proposed project will score higher in the selection process than those who cannot. The funding and property data provided in this RFP is not guaranteed, and the availability of such funding or properties is subject to change at any time. The City of Santa Ana makes no guarantee of the availability of the proposed funding and properties for any particular applicant or project. The submission of a proposal in response to this RFP does not commit the City to providing any funding or land asset to a proposed project. The City reserves the right to determine at its sole discretion how to sell available properties, if at all. II. DEVELOPMENT PRIORITIES Both the Strategic Plan and the City's Housing Element identify affordable ownership housing suitable for larger households as a high priority for the City. In addition, the City of Santa Ana will be targeting low-income and moderate -income households within the city, veterans, teachers, fire fighters and/or large families. One of the primary rating criteria is the depth of homeownership. The City desires proposed projects to have dedicated units for low-income families earning no more than 80% Area Median income (AMI). Project design and construction will be subject to and carried out in accordance with established City standards and procedures. In accordance with the City's Early Outreach policy (Attachment 1), the selected developer may be required to solicit significant neighborhood input during the design process. Priorities and Objectives: In particular, the City is interested in furthering the following priority through this RFP: Projects that will provide affordable homeownership opportunities. In addition, the City recommends: 1) Review Exhibit G — City of Santa Ana Map of Opportunity Zones to determine if your proposed project can leverage this potential source of private investment in your project. 2) Review Exhibit H — HCD NOFA Calendar to determine a path forward where you can most effectively leverage funds from HCD for your project. City of Santa Ana Community Development Agency Request for Proposals for Affordable Homeownership Opportunities Page 15