Item 10 - Fiscal Year 2023-24 Homeownership Initiatives

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Fiscal Year 2023-24 Homeownership Initiatives October 17, 2023 Page 3 b. Lot Size: 27,817 square feet c. Current Zoning: R1 Single -Family Residence, which allows one house per lot d. Parcel was purchased using Low and Moderate Income Housing Asset Fund - 20% Set Aside e. Previous Use: Purchased from Cal Trans. It was a remnant parcel from the freeway -widening project. The site was vacant and undeveloped at the time it was acquired f. General Plan: Low Density Residential, which allows single-family residences and ancillary uses g. Maximum du/ac: Seven units per acre h. Site Condition / Environmental Conditions: Property is irregular in shape, and will most likely require the approval of several variances from the zoning code in order to facilitate a residential unit Dependent on the proposal's financial parameters, staff is amenable to conveying the land asset for $1. Staff is currently monitoring legislative amendments to the Surplus Land Act. If this legislation is not signed by the Governor, staff may remove the land asset from the RFP by issuing an addendum. With approval by City Council, the RFP for Affordable Homeownership Opportunities will be issued on October 18, 2023. The first deadline for the RFP will be on Friday, December 15, 2023 and the second deadline will be on Monday, April 1, 2024. The RFP will be published on the City's website, a public notice will be published in the OC Register, an e-mail will be sent out to Orange County's largest affordable housing membership associations including the Kennedy Commission, 2-1-1 Orange County, and the Southern California Association of Nonprofit Housing, and a letter will be e- mailed to interested developers and nonprofit organizations who had previously requested to be informed of development opportunities on the Community Development Agency's RFP database. Developers and nonprofit organizations interested in being added to the RFP Database can do so by contacting the City's Housing Division. After each deadline, staff will conduct a minimum threshold review of each proposal to ensure the proposal complies with all of the minimum requirements in the RFP. Following the minimum threshold review, staff will form a Review Panel that consists of at least one employee from the City of Santa Ana Public Works Agency, Planning and Building Agency, and Community Development Agency, and one outside agency or government entity. If an employee is not available in one department, a second employee may be requested from one of the other two departments so long as there are at least two of the three City Agencies represented on the Review Panel. Staff will also have a real estate financial advisor on the Review Panel. In compliance with the City's Affordable Housing Funds Policies and Procedures, the Review Panel will use the proposal Scoring and Selection Criteria from the RFP to conduct their review and analysis of each proposal. The Scoring and Selection Criteria includes additional points for projects that will serve veterans, teachers, and first responders.