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Request fens Qr l€flc ion for Housing Financial -U-sa A nalyt i al nd Ad isory rvices k� �. <br /> City ran / Santa .mess Villas and Le ion Grave Apartrnent.s <br /> KMA prepared a HOME layering analysis for the proposed 42-unit Santa Ines Villas <br /> senior citizen apartment project. The KMA analysis was performed in accordance <br /> with the HOME final rule, and it included an evaluation of the developer's cost <br /> projections; rent and operating expense estimates; and the proposed funding <br /> sources. The proposed funding sources included conventional financing, 9% <br /> LIHTCs, and MHSA funds. KMA quantified the amount of HOME funds required to <br /> ensure the affordability of the project, and reviewed and evaluated the financial <br /> wherewithal of the developer to undertake the proposed project. <br /> KMA prepared a HOME layering analysis and SB 341 analysis for the proposed 82- <br /> unit Lemon Grove Apartments project. The project is proposed to be financed with <br /> tax-exempt multifamily bonds/4% LIHTCs, Bank of America subordinate debt, a <br /> deferred Developer Fee, Set-Aside funds and HOME Community Housing <br /> Development Organization (CHDO) Funds <br /> KMA Work Completed: 2013 and 2015 <br /> Contact Person: Mary Ellen Laster, Senior Housing Manager <br /> Telephone Number: 714.744.7211 Email: mlaster @cityoforange.org <br /> City of Santa Alonica / Village Site <br /> KMA assisted the City of Santa Monica in the developer selection and <br /> implementation process for the development of affordable rental housing, market <br /> rate ownership housing, and retail uses on a 3.77-acre property. KMA assisted the <br /> City in drafting a RFQ, evaluating the 16 responses to the RFQ, drafting the <br /> financial component of RFPs that was distributed to the three finalist developers, <br /> evaluating the responses, and participating in the developer interviews. After a <br /> developer was selected, KMA prepared the financial analysis for the proposed scope <br /> of development, participated in the negotiations process for a long-term ground <br /> lease and Disposition and Development Agreement (DDA)., and prepared the <br /> Summary Report required by California Health and Safety Code Section 33433. <br /> KMA Work Completed: 2014 <br /> Contact Person: Andy Agle, Director of Housing & Economic Development <br /> Telephone Number: 310.458.2251 Email: andy.agle @smgov.net <br /> Keyser Marston Associates, Inc. Page 10 <br />