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Quarterly Report for Housing Division Projects and Activities: <br />October 2011 — December 2011 <br />March 5, 2012 <br />Page 7 <br />In -fill Development Projects <br />Habitat for Humanity of Orange County expects to close escrow in February on the property at 717 <br />E. Third Street. This will be the site of their first single family development. OHDC and C & C <br />Development have begun construction of multi - family housing on the sites located at 217, 219 & <br />435, 437 South Birch Street, 2034 & 2038 North Bush Street, and 605 -611 E. Washington. Finally, <br />the Redevelopment Agency selected Hope Builders, a subsidiary of Taller San Jose, as the <br />developer for two single family homes on a site identified as 542 East Central Avenue. <br />Unfortunately, staff and Hope Builders were unable to come to terms and sign a Disposition and <br />Development Agreement prior to the elimination of the Agency. <br />Station District <br />The Station District Apartment Homes Phase I will include 74 units of large family affordable rental <br />housing which are currently under construction and expected for completion in the 1St Quarter <br />2013. Phase II will include an additional 40 units of large family affordable rental housing involving <br />a combination of new construction (25 units) and rehabilitation of existing residential structures (15 <br />units). Phase II is expected to finalize financing and will commence construction in March 2012. <br />In addition, a third phase of for sale housing, to be developed by City Ventures, will include <br />approximately 24 units of large family homes, with the first component of eight townhomes <br />expected to commence construction in Spring 2012. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Nancy T. E ards <br />Interim Executive Director <br />Community Development Agency <br />NTE /SLB/TG /mlr <br />1901-7 <br />