19D - EXHIBIT FY 10-11 RDA Annual Report

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COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Management's Discussion and Analysis (Continued) Year Ended June 30, 2011 (Unaudited) • Development of Infill Scattered Sites: On October 9, 2009, the Agency released a Request for Qualifications (RFQ) for the selection of qualified developers for 13 Agency -owned parcels. On December 21, 2009, the Agency selected three developers for the project. Habitat for Humanity of Orange County (Habitat) was selected as developer for seven of these sites where single family homes are to be developed, while Hope Builders, a Division of Taller San Jose, was selected as developer for two single family sites. Habitat is processing its plans through the City. Also approved was the team of Orange Housing Development Corporation and C & C Development for the development of multi - family housing on the remaining sites. It is expected that construction will commence by the end of 2011. • Birch, Birch and Bush: Through the same RFQ mentioned above, the partnership of Santa Ana WBBB, LP was selected as the developer for multi - family housing at sites identified as 217, 219, 435, and 437 South Birch Street, and 2034 -2038 Bush Street. Plans have been approved and all necessary financing obtained for the Birch, Birch and Bush Street sites. A total of twenty rental units will be developed, and all will be rented to very low - income households. They anticipate construction to start by the middle of November 2011, and completed within a year. • Vista Del Rio: The Vista Del Rio project is a 41 -unit affordable rental housing development, geared toward special needs residents. The project includes a partnership between A Community of Friends, Goodwill of Orange County, Santa Ana's Redevelopment Agency and a variety of funders. Subsidies to achieve long term affordability of rents have been secured through the Federal Low - Income Tax Credit, Federal Home Loan Bank AHP, City of Santa Ana HOME Program and Santa Ana Housing Authority Project Based Housing Vouchers. Vista Del Rio has also been designed to provide amenities and on -site services for residents. The property will also incorporate numerous green building features, with an energy efficiency that will exceed Title 24 energy standards at the LEER Silver certified level. Construction is expected to commence in early 2012. • Washington Avenue Courtyard: The Washington Avenue Courtyard is a 36 -unit affordable rental housing development, geared toward families with modest incomes. The project combines multiple objectives associated with the Federal Neighborhood Stabilization Program (NSP) and Santa Ana's Community Redevelopment Agency. The site was previously subject to a bank foreclosure, and construction is expected to commence in December 2011. Like Vista Del Rio, the project will incorporate numerous green features. The developer anticipates that its energy efficiency will exceed Title 24 energy standards at the LEER Gold certified level. The Washington Avenue Courtyard is expected to be ready for occupancy in early 2013. 10