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2. Developer Experience. A narrative describing recent affordable residential development and <br />management experience, with an emphasis on experience gained in the last five years on <br />projects similar to the one being proposed. <br />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 the <br />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 of <br />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 the <br />project(s) worked on. SOQs must be limited to a maximum of 25 pages, excluding front and <br />back covers, section dividers, and exhibits. <br />All project proposals must contain the following minimum submission requirements: <br />1. 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 building 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 />for a rental project, describe in detail how the project will be managed. <br />For all projects, the narrative must also address site control, current zoning and any required <br />zoning changes, anticipated development cost, City funds required and required City loan <br />terms, developer access to additional funds required by the project, and must provide proof <br />that the property is under contract. This narrative should be accompanied by a site map <br />showing the project's location. <br />2. Development Pro Forma that identifies the sources and uses of all funds necessary to <br />complete the project, and that includes the project's anticipated cash flows over a period of <br />years equal to 15 years and 30 years. The pro forma should identify important underlying <br />assumptions that govern the cash flows, including but not necessarily limited to the amounts <br />and frequency of loan repayments (all sources), annual rent increases, occupancy levels, <br />operating costs as a percent of revenue, timing and amounts of replacement costs. The <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Page 7 <br />19D-10