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Relocation Plan for the OHDC 1501 North Ross Street Rehabilitation Project <br />C. PROJECT DESCRIPTION <br />The Project involves the rehabilitation of 1501 North Ross Street. Currently the property is <br />made up of studio apartments which will be converted into affordable 1- & 2- bedroom <br />apartments. Additionally, interior rehabilitation activities will include replacement of major <br />kitchen appliances, new paint and bathroom enhancements aswell as replacement of floor <br />coverings, doors and windows. Exterior improvements will include the addition, repair or <br />replacement of roofs, staircases, balconies, landscaping, water heaters, decking, trash <br />enclosures, parking lots and building facades. <br />The property at 1501 North Ross Street currently has 30 studio units. The proposed <br />rehabilitation will create 13 one - bedroom and 11 two - bedroom apartment units. The <br />property will have a mix of affordability levels based on area median income (AMI) levels <br />determined by HUD, from levels between 40 %- 60 %. The proposed affordability levels for <br />the Ross property are shown in Table 2, below: <br />The Developer is proposing to undertake all needed improvements to the individual units, <br />up to 6 units at a time. The rehabilitation and construction cycle will last between three <br />weeks to one month per unit and the construction is expected to begin immediately <br />following the Agency approval in June 2006. <br />As a result of the rehabilitation, residents will be required to move either temporarily or <br />permanently from their units. Upon completion of the rehabilitation, residents who meet <br />qualifying occupancy and income standards will be able to return to a rehabilitated unit. <br />Those households which do not meet qualifying occupancy and income standards, will be <br />Prepared by Overland, Pacific & Cutler, Inc. Page 5 <br />7 -47 <br />