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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 19, 2015 <br />TITLE: <br />REQUEST FOR PROPOSALS FOR <br />AFFORDABLE RENTAL HOUSING <br />DEVELOPMENT <br />(STRATEGIC PLAN NO 5, 3) <br />C4. <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY <br />APPROVED <br />0 As Recommended <br />0 As Amended <br />p Ordinance on I" Reading <br />0 Ordinance on 2ntl Reading <br />Il Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the Community Development Agency to release a Request for Proposals on June 1, <br />2015 to qualified affordable housing developers seeking proposals to fund affordable rental <br />project(s) to be developed In the City of Santa Ana with funding from the HOME Investment <br />Partnership Program funds, Community Development Block Grant program funds, Project Based <br />Vouchers and the Inclusionary Housing Fund, subject to non- substantive changes approved by <br />the City Manager and the City Attorney, <br />DISCUSSION <br />The City of Santa Ana ( "City ") annually receives federal grant funds through the HOME <br />Investment Partnership Program (HOME) and Community Development Block Grant (CDBG) for <br />the development of affordable housing. The U.S. Department of Housing and Urban Development <br />(HUD) has commitment deadlines. In addition, the City has Incluslonary Housing Funds from our <br />In -Lieu Fee Payment as a result of our Housing Opportunity Ordinance. <br />Staff is requesting authorization to distribute a Request for Proposals (RFP) (Exhibit 1) for <br />affordable rental project(s) to be developed in Santa Ana. The project types that are being <br />solicited are for acquisition and rehabilitation of existing rental projects and new construction <br />affordable rental projects in Santa Ana. <br />The maximum funding available will be as follows; <br />24 Project Based Vouchers from the Housing Authority of the City of Santa Ana for New <br />Construction or Acquisition /Rehabilitation Project <br />$1,575,000 in Incluslonary Housing Funds from the Housing Opportunity Ordinance <br />m $500,000 in CDBG funds for Acquisition and Rehabilitation Projects only <br />19E -1 <br />