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Relocation Plan for the OHDC 1501 North Ross Street Rehabilitation Project C. PROJECT DESCRIPTION The Project involves the rehabilitation of 1501 North Ross Street. Currently the property is made up of studio apartments which will be converted into affordable 1- & 2-bedroom apartments. Additionally, interior rehabilitation activities will include replacement of major kitchen appliances, new paint and bathroom enhancements as well as replacement offloor coverings, doors and windows. Exterior improvements will include the addition, repair or replacement of roofs, staircases, balconies, landscaping, water heaters, decking, trash enclosures, parking lots and building facades. The property at 1501 North Ross Street currently has 30 studio units. The proposed rehabilitation will create 13 one-bedroom and 11 two-bedroom apartment units. The property will have a mix of affordability levels based on area median income (AMI) levels determined by HUD, from levels between 40% - 60%. The proposed affordability levels for the Ross property are shown in Table 2, below: Table 2: Proposed Property Unit Mix by Affordability Levels Unit Type 40% AM I 50% AM I 60% AM I Total ROSS One Bedroom 2 11 13 Two Bedroom 1 4 6 11 Three Bedroom 0 Total 3 15 6 24 The Developer is proposing to undertake all needed improvements to the individual units, up to 6 units at a time. The rehabilitation and construction cycle will last between three weeks to one month per unit and the construction is expected to begin immediately following the Agency approval in June 2006. As a result of the rehabilitation, residents will be required to move either temporarily or permanently from their units. Upon completion of the rehabilitation, residents who meet qualifying occupancy and income standards will be able to return to a rehabilitated unit. Those households which do not meet qualifying occupancy and income standards, will be Prepared by Overland, Pacific & Cutler, Inc. Page 5 80A-15