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Project Based Vouchers May 5, 2015 Page 2 Between October 6, 2014 and February 2, 2015, the City of Santa Ana ("City") distributed a Request for Qualifications (RFQ) to solicit proposals for a project -based contract between the Authority and one or more developers. Outreach included a published notice in the Orange County Register and posting to the City's website. Staff also communicated electronically to 129 individuals and firms who had previously requested to be notified on development opportunities. Following the release of the RFQ, three applications were received. Staff from the Community Development Agency reviewed and scored the proposals based upon eight criterions: Owner's experience and capability to build rental housing; Extent to which the project furthers the Authority's goal of de -concentrating poverty and expanding housing and economic opportunities; Extent to which projects have completed, or are in the process of completing, the entitlement process with the City; Consistency with the City's General Plan and Housing Element, as well as alignment with the City's Strategic Plan; Developer's experience and capability to manage the kind of rental property that is proposed; The developer's experience and demonstrated ability to comply fully with the requirement of the Authority; Evidence of site control and firm commitment(s) for all financial assistance required for the project; Estimated timeline for completion of the proposed project. The projects with average scores above 80 points are recommended for allocations of PBVs, contingent on planning approval within 24 months. The two projects recommended had complete applications including site control, solidified project financing, and an estimated timeline for project completion. The third application was in the conceptual phase of the project and did not have site control, other financial commitments or an estimated timeline for project completion. The three applicants and their project's average scores are outlined in the table below: Applicant 1 Project Average Score C&C Development / Orange Housing Development Corp. 93 points/ 100 points 815 N. Harbor Blvd. Request: 8 Project Based Vouchers AMCAL Multi -Housing, Inc 89 points / 100 points First Street Apartments —1440 E. First Street Request: 8 Project Based Vouchers Mercy House 20 points / 100 points Request; 5 Project Based Vouchers Once awarded, and the project receives planning approval within 24 months, or May 5, 2017, the Authority will enter into a PBV Agreement to Enter into Housing Assistance Contract (PBV Agreement). Awarded projects that do not receive planning approval within 24 months will no longer be eligible to enter into the PBV Agreement with the Authority. The U.S. Department of Housing and Urban Development (HUD) regulations require that the Housing Authority enter into a PBV Agreement to Enter into Housing Assistance Payments 4-2