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Item 18 - Approve a Pre-Commitment for HOME Program Funds
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Item 18 - Approve a Pre-Commitment for HOME Program Funds
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2/26/2025 11:45:44 AM
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Agenda Packet
Agency
Community Development
Item #
18
Date
3/4/2025
Destruction Year
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SANTA ANA CITY COUNCIL <br />Valerie Amezcua <br />Mayor <br />vamezcua@santa-ana.org <br />Benjamin Vazquez <br />Mayor Pro Tem - Ward 2 <br />bvazquez@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 />David Penaloza <br />Ward 6 <br />dpenaloza@santa-ana.org <br />MAYOR <br />Valerie Amezcua <br />MAYOR PRO TEM <br />Benjamin Vazquez <br />COUNCILMEMBERS <br />Phil Bacerra <br />Johnathan Ryan Hernandez <br />Jessie Lopez <br />David Penaloza <br />Thai Viet Phan CITY OF SANTA ANA <br />COMMUNITY DEVELOPMENT AGENCY <br />20 Civic Center Plaza – M25 <br />Santa Ana, California 92702 <br />www.santa-ana.org <br />CITY MANAGER <br /> Alvaro Nuñez <br />CITY ATTORNEY <br /> Sonia R. Carvalho <br />CITY CLERK <br />Jennifer L. Hall <br />March 4, 2025 <br />Michael Valentine <br />President & CEO <br />Habitat for Humanity of Orange County, Inc. <br />2200 Ritchey Street <br />Santa Ana, CA 92705 <br />Re: Pre-Commitment Letter <br />425 E. Wellington Ave. <br />Santa Ana, CA 92701 <br />Dear Mr. Valentine, <br />Habitat for Humanity of Orange County, Inc. (referred to as the “Developer”), requested <br />financial assistance for eligible homebuyers to purchase nine (9) existing rental units <br />that will be converted into affordable ownership condominium units (“Project”). The <br />Project would be located at 425 East Wellington Avenue, Santa Ana, CA, 92701 (APN <br />398-028-12) (“Property”). <br />The Project involves the conversion of an existing nine -unit apartment building into <br />condominiums, which will be made available for homeownership to Low and Moderate- <br />Income households earning less than 120% of the Area Median Income (“AMI”) ("Low <br />and Moderate-Income Households"). The existing building on the Property was <br />rehabilitated in May 2024 and includes one two-bedroom unit and eight one-bedroom <br />units, each with a single bathroom. All units are equipped with essential appliances: <br />stoves, refrigerators and stacked washer/dryer units in the laundry space. Unit sizes <br />range from 420 to 846 square feet. The building recently underwent over $1 million in <br />renovations, which included new flooring, electrical upgrades (new outlets and fixtures), <br />updated kitchen cabinets, and complete bathroom remodels. Doors, windows, shutters, <br />garage doors, stairways, and railings were restored or replaced as needed to meet code <br />compliance. <br />EXHIBIT 4
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