3 - Qtrly Rpt Housing Div Projs and Activities

Home Browse Search

quarterly Report Fox ~ous~.ng Div~.s~.on Projects and Activities ~7anuary 19 , 2 010 Page 4 existing ~.2~un~.t development to the north. P1an~ are proceeding through the ity' site plan review process, while the developer continues proforma preparation and .ender negotiations. This material will fox~zn the basis of a D~.sosa~t~.on and Development Agreement ~ DDA~ , wh~.ch ~. ant~.cipated to be considered in ~ Q ~.~. , 1000 Block of North Logan The Logan ~.nf~.ll project cans~.sts of the development of three single family homes , orange county commun~.ty ~ous~.ng cox~pox~ata~on and its general contractor, Taller san ~7ose, commenced construction ~.n December 200. The homes are to be said to first-time homebuyers with incomes at or below 8~ percent of the area medzan. The three-bedroor~ home w~.~.l sell for 17 0, 000; and the taro, four-bedroom homes will sell for 17 5, O D O each. construction of the homes is now complete and the three families selected through the sales lottery process have been qualifyed to purchase the homes . Escrow closed on one property ire late December ~ DO and the others are expected to close shortly thereafter. RI~McFadden on January 5, 2009, the pity Council and Agency approved a DDA with RI McFadden, ~~c for dee~.opment of two parcels at the cornea of McFadden and orange, The project consists of two single family res~.dences; one being a ~.,~~ square feet, 4-bedroom home, and the other a 1,21 square feet, ybedx~oom home. The homes were constructed in 15 days and will be sold througk~ a Lottery process to be held t a future date. scattered Sites RFP on october 9, 2009, the Agency released a Request for Qualifications for the selection of qual~.fied developers for 1 Agency-~o~rne~ paroel Dn December ~ ~., 20D 9, the Agency selected th~cee devel.opex~s fox' the prod ect . Habitat for Humanity of orano~e county was selected as developer for single-family housing at sites ident~.f~.ed as ?~.~ & 8~.2 ~. ooncord street; 111, 1121, cypress Avenue; ~.~.4 Eastwood Avenue; 40~ Edinger Avenue; 4 010 & ~ 0 ~. 8 ~ . McFadden Avenue; ~ 10 ~ & ~ 110 ~ . McFadden; and 102 ~ 1~cLean Drive , Habitat is a non-profit corporation created for the purpose of constructing and sell~.n new homes to low and moderate inco~re families, Also approved was oHQO and o&o Development as the developer for molt i family housing at sites ~.dentified as 217, 219 ~ ~5, ~7 . Birch street; 2~4 & 208 ~, Bush street; and N. spureon ~. 22nd street. 3-4