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a. Include project name and type (special needs, senior, large family, etc.), project <br />address, developer team members, unit count and bedroom type, affordability <br />requirements, and funding sources in your description. <br />b. Include a description of how neighborhood input was solicited and utilized in the <br />development of these projects. <br />3. Financial Capacity. Description of financial strength and ability to obtain project financing, <br />and to provide sufficient equity for the successful completion of the proposed project. <br />a. Include a description of current relationships with major lending institutions. <br />b. The developer which is selected for recommendation to City Council, or if a partnership <br />the team members who will retain an ownership interest in the project, will be required to <br />submit complete financial statements for the last three years. Because of the possibility <br />of public records requests, the City cannot guarantee that these statements will remain <br />confidential. <br />4. References. Include a list of at least three references from public agency partners and <br />professional lenders and investors with full names, contact information, and identification of <br />the project(s) worked on. SOQs must be limited to a maximum of 20 pages, excluding front <br />and back covers, section dividers, and exhibits. <br />All project proposals must contain the following minimum submission requirements: <br />Project Description. Detailed and concise narrative describing the proposed project, <br />including at a minimum and as appropriate the development concept for the site or a <br />description (with photographs) of the facility to be acquired, proposed building square <br />footage, number of units/bedrooms, total parking spaces, proposed ingress and egress, <br />proposed rents and tenant incomes, any special needs groups to be served, amenities to be <br />provided to the tenants, and resident manager's unit. If there will not be a resident manager <br />describe in detail how the project will be managed. The narrative must also address site <br />control, current zoning and any required zoning changes, anticipated development cost, City <br />funds required and required City loan terms, developer access to additional funds required. <br />This narrative should be accompanied by a site map showing the project's location. <br />2. Development Pro Forma that identifies the sources and uses of all funds necessary to <br />completion of the project, and that includes the project's anticipated cash flows over a <br />period of years equal to, at a minimum, 15 years for acquisition/rehabilitation projects, <br />20 years for new construction projects. The pro forma should identify important <br />underlying assumptions that govern the cash flows, including but not necessarily limited to <br />the amounts and frequency of loan repayments (all sources), annual rent increases, <br />occupancy levels, operating costs as a percent of revenue, timing and amounts of <br />replacement costs. The developer should indicate whether the cost estimates in the <br />Sources and Uses budget assume the payment of Davis Bacon wages. <br />3. Projected Rental Income. Include evidence that the rental income shown in the pro forma <br />is reasonable and achievable. <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Page 7 <br />19E-10