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19E - RFP AFFORDABLE HOUSING
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05/19/2015
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19E - RFP AFFORDABLE HOUSING
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Last modified
5/14/2015 4:55:08 PM
Creation date
5/14/2015 2:43:02 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19E
Date
5/19/2015
Destruction Year
2020
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ANTICIPATED COSTS AND FINANCING <br />Sources of Funds <br />Amount <br />Uses of Funds <br />Amount <br />Conventional Loan <br />Purchase Price <br />Tax Exempt Bonds <br />Construction /Costs <br />Tax Credits <br />Soft Costs <br />Deferred Developer Fee <br />Developer Fee <br />City /Agency Loan <br />Relocation <br />Other <br />Other <br />Other <br />Other <br />Total Sources <br />Total Use <br />In addition, provide a minimum 15 -year proforma that lilt <br />projection of expenses and residual receipts projection as <br />The proforma should include: <br />Breakdown and explanation of construction costs' <br />Detailed use of City funds — separated by line -item <br />Breakdown and validation of overheadLorofit <br />Construction Budget <br />Operating Budget <br />Breakdown and explanation of yearly <br />Developer, Management and Partner <br />Detailed information on>mtlaer.fundin. <br />In addition, please provi <br />- Land Appraisal <br />- Management Plan <br />- Environmental Cleara <br />Please prep <br />and ends with <br />as submission <br />attach an esti <br />ing <br />deferred developer fee, <br />commences with submission of this completed application <br />beds to identify all mandatory deadlines for the project, such <br />closing deadlines. <br />Detail the timeline for co ting the ct from start date to completion date, showing the obligation of these <br />funds, approval of other fu ar resident selection, sale or lease up, and all other major steps. Identify <br />who will be responsible for co eps (including consultants). <br />The timeline should assume that the proposed project will be submitted to the City's Redevelopment and Housing <br />Commission prior to submission to City Council. The Commission meets on the first and third Wednesday of each <br />month. The timeline should also reflect consultation with Planning staff and any Planning Commission approvals <br />that may be required for the project. Please include other project factors such as rezoning, construction schedule <br />and other applications for funding. <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Pa e 44 <br />19 E -49 <br />
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