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FULL PACKET_2014-04-07%
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5/7/2015 4:07:33 PM
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5/7/2015 3:10:13 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Date
4/7/2015
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Request for Qualifications for Housinq <br /> Financial <br /> Analytical and Advisory Services kno <br /> RELEVANT EXPERIENCE <br /> County of San Bernardino / 14piltigenerational Housing and Librar y <br /> KMA assisted the County of San Bernardino in evaluating the financial gap <br /> associated with the Bloomington multigenerational housing and public library mixed <br /> use project. The project consists of 72 senior-citizen apartment units, 35 family <br /> apartment units, and a 6,600 square foot public library. The apartment <br /> components of the project are subject to 55-year income and affordability <br /> covenants that allocate the units to households earning between 30% and 50% of <br /> the San Bernardino County median income. <br /> The developer obtained 9% LIHTCs and conventional financing. The County <br /> provided NSP1 and NSP 3 funds, tax-exempt bonds that were secured by property <br /> tax increment housing set-aside funds, MHSA funds; and a contribution of water <br /> line impact fees. KMA assisted in the negotiations process, quantified the <br /> warranted local assistance to the project, and prepared the subsidy layering <br /> analysis required by California Health and Safety Code Section 33433. <br /> KMA Work Completed: 2014 <br /> Contact Person: Dena Fuentes, Director of Redevelopment and Housing - <br /> Telephone Number: 909.387.4392 Email: dfuentes @rda.sbcounty.gov <br /> City of Huntington Beach / Disposition of City Owned Property <br /> The City of Huntington Beach engaged KMA to evaluate the options for selling or <br /> holding a 164-unit City-owned apartment project targeted to very-low and low <br /> income senior citizens. As part of this engagement, KMA evaluated the project's <br /> operating results; future capital expenditures requirements; and income and <br /> affordability controls. KMA recommended that the City market the project to <br /> housing developers that could acquire and rehabilitate the property to modern <br /> standards using LIHTCs and tax exempt multifamily bond financing. KMA evaluated <br /> the purchase offers; recommended income and affordability requirements to <br /> maximize outside leveraging sources; and compared the financial terms and <br /> structure of the purchase offers. The sale and financing was completed in 2010. <br /> KMA Work Completed: 2010 <br /> Contact Person: Kellee Fritzal, Deputy Director, <br /> Office of Business Development <br /> Telephone Number: 714.374.1519 Email: kfritzal @surfcity-hb.org <br /> Keyser Marston Associates, Inc. Page 9 <br />
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