19E - RFP AFFORDABLE HOUSING - Laserfiche WebLink

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Please note that one of the bonus rating criteria of this RFP is location of the proposed project. Both the Plan and the City's Housing Element identify affordable rental housing suitable for larger households as a high priority for the City. One of the rating criteria is the bedroom size of the proposed units. Project design and construction will be subject to and carried out in accordance with established City standards and procedures. In accordance with the City's Early Outreach policy (Attachment 5), the selected developer may be required to solicit significant neighborhood input during the design process. B. AVAILABLE FUNDS As of the release date of this RFP, City funding available from C $830,000 in HOME funds that may be used be committed by July 31, 2016. Priority for fun . • $500,000 in CDBG funds available for . ition and r • $830,000 in HOME funds that may for develo be committed by July 31, 2017. In order for HOME funds to be committed, all oth provide a pre- commitment letter to those projects HOME Program expenditures are Ii for units based on bedroom size times of Bedrooms rd t HOME 1:�7flI1101 WWffi7 cm mu, c in r nt equa such units. HOME funds is as follows: lent of HOME eligible project, but must be given to CHDO qualified projects. tion only ie OME eligible project, but must place, inclu Credits. The City will allocations th this RFP. maximum subsidy limit established by HUD ,maximum subsidy limits are as follows: lithe HOME Program funds that may be invested in a and incomes eligible under the HOME Program. RENTS The selec Vthing ll r into a Ilan Agreement with the City of Santa. This Agreement and other attendant d ro for repayment of the loan. They shall also impose affordability covenants of no less than rs cquisition /rehabilitation projects or until the City loan is repaid whichever is longer. HO at a minimum be affordable to very low and low income households. For projects locaing Code area, at least ten (10) percent of the units must be affordable to and occupied by comes at or below 30 percent of the area median income. As of the date of this RFP allowable rents were as follows: # of Bedrooms Maximum 30% Rent Maximum 50% Rent (Very Low) Maximum 65% Rent (Low) 0 $480 $843 $1,061 1 $514 $903 $1,154 2 $618 $1,083 $1,387 City of Santa Ana Community Development Agency Request for Proposals for Affordable Housing Development Pa e 12 19 E -17