5 - AGMT FOR HSG FIN ANALYSIS AND ADIVSORY SERV

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Agreements for Housing Financial Analysis and Advisory Services April 7, 2015 Page 2 (Exhibit 2) be awarded an on-call agreement for a two-year term. The agreements will cover the following services: general multi-family affordable housing financial analysis and advisory services, multi-family and/or single-family bond issuance financial advisory services, financial feasibility analysis, and subsidy layering analysis. The Successor Housing Agency has the obligation to either develop or sell the low-moderate housing properties held by the former Redevelopment Agency. As part of this obligation, these selected firms will assist in the subsidy layering analysis and housing financial analysis needed for these housing assets. The Housing Authority is a conduit issuer of affordable housing bonds for qualified affordable projects, which is a type of financing typically paired with four percent (4%) tax credits that can be utilized by affordable housing development. The process is completed on a time schedule prescribed by other outside financing sources, thus on-call agreements with experienced and qualified housing financial advisors need to be in place. STRATEGIC PLAN ALIGNMENT Approval of this item allows the City to meet Goal #5 (Community Health, Livability, Engagement & Sustainability), Objective 3 (Facilitate diverse housing opportunities and support efforts to preserve and improve the livability of Santa Ana neighborhoods). FISCAL IMPACT As potential projects are identified, funds will be made available in the Successor Housing Agency Contract Services account no. (60718810-62300) and the Housing Authority Issuer Fee Contract Services account no. (13318780-62300). APPROVED AS TO FUNDS AND ACCOUNTS: Kelly Re nders Francisco Gutierrez Executive Director Executive Director Community Development Agency Finance and Management Services Agency KPJNV/11 Exhibits* 1. Keyser Marston Agreement 2. CSG Advisors Agreement