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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 Kousing Firtar i t N� <br /> Analytical artd Advisory Services <br /> Long Beach Housing Development Corporation / Senior Artist Colony <br /> KMA prepared a financial analysis for the Senior Artist Colony project and assisted <br /> the LBHDC during deal structuring negotiations. The project includes 200 <br /> apartment units in a transit-oriented development that is geared towards active <br /> seniors with a large component of artist-related amenities. All of the units are <br /> restricted to low and very-low income households and utilizes the following funding <br /> sources: tax-exempt bonds through the New Issue Bonds Program, 40/a LIHTCs, <br /> TOD grants and loans from HCD, a FHLB AHP loan and Set-Aside funds from the <br /> LBHDC. <br /> KMA Work Completed: 2011 <br /> Contact Person: Patrick Ure, Housing Development Officer <br /> Telephone Number: 562.570.6026 Email: Patrick_Ure @longbeach.gov <br /> Costa f4esa ffousing Authority/ Special Needs Project <br /> KMA assisted the Costa Mesa Housing Authority in evaluating the financial <br /> characteristics of an income restricted project targeted to homeless individuals with <br /> mental health issues. During the initial stages, KMA assisted the redevelopment <br /> agency in structuring a project with 9% LIHTCs; HOME funds; and Set-Aside funds <br /> assistance. The project was subsequently restructured as a tax-exempt multifamily <br /> bond/4% LIHTC project with funding assistance provided from MHSA funds offered <br /> by the County of Orange. <br /> KMA Work Completed: In Progress <br /> Contact Person: Rick Francis, Assistant CEO <br /> Telephone Number: 714.754.5099 Email: Rick.Francis @costamesaca.gov <br /> Moreno Valley Redevelopment Agency, / Special Needs Project <br /> The Moreno Valley Redevelopment Agency engaged KMA to prepare a HOME <br /> layering analysis for an apartment project targeted to senior citizens and <br /> developmentally disabled adults. The financial assistance to the project assistance <br /> includes MHP Supportive Housing funds; County of Riverside HOME funds; City of <br /> Moreno Valley HOME funds; donation of the land for the project from the <br /> Redevelopment Agency of the City of Moreno Valley; an FHLB AHP loan; and <br /> financial contributions from the developer and contractor. <br /> KMA Work Completed: In Progress <br /> Contact Person: Shanikqua Freeman, Housing Program Coordinator <br /> Telephone Number: 951.413.3445 Email: shanikquaf @moval.org <br /> Keyser Marston Associates, Inc. Page 11 <br />
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