Laserfiche WebLink
Quarterly Report Housing Division <br />Projects and Activities (Oct — Dec 2014) <br />Page 4 <br />The City's intermediaries; ANR Industries, Orange Housing Development Corporation, and C &C <br />Development, continue to look for eligible properties. The acquisition of a single - family home <br />located at 1235 S. Cypress closed escrow in August 2014 and the rehabilitation was completed In <br />March 2015, <br />Multi - Family Acquisition/ Rehabilitation Projects <br />940 Minnie, LP completed the acquisition of a multi - family property located at 940 S. Minnie <br />Street. The developer has completed the process of relocating their tenants and is out to bid. <br />Rehabilitation Is expected to commence in May 2015. Once the rehabilitation is complete, the <br />property will yield eight affordable rental units consisting of 4 one - bedroom units, 2 two - bedroom <br />units and 2 three- bedroom units. <br />In -Fill Development Projects <br />Habitat for Humanity of Orange County completed the construction of one single-family dwelling <br />located at 793 Concord Street. The completion of another home located at 1314 N. Eastwood <br />Avenue is expected in April 2015. 793 Concord Street was sold to a qualified homebuyer with <br />escrow closing February 2015. <br />Habitat for Humanity of Orange County also commenced the construction of two single-family <br />homes located at 4106 and 4110 W, McFadden Street. <br />Depot at Santiago (70 -Unit Affordable Rental Housing Development) <br />An application for the first round of a 9% tax credit was submitted by the developer. The <br />Developer was awarded an infrastructure grant from the Infill infrastructure Grant Program (IiG) in <br />the amount of $2,000,000. <br />815 N. Harbor (70- tfnttAffiordable Rental Housing Development) <br />An application for a 4% tax credit was submitted by the developer. <br />Santa Ana Station District — For Sale (25 Affordable Homes) <br />Construction of the homes is complete. The developer, City Ventures Homebuilding LLC, expects <br />to have all of the homes sold by the beginning of April 2015, <br />SIRATEGIC PLAN ALIGNMENT <br />The activities covered by this report allow the City to meet Goal #5 Community Health, Livability, <br />Engagement & Sustaindbility, Objective #3 (Facilitate Diverse Housing opportunities and Support <br />Efforts to Preserve and improve the Livability of Santa Ana Neighborhoods). <br />19D-4 <br />