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<br />City of Santa Ana Community Development Agency <br />Request for Proposals for Housing Successor Agency Properties <br />Page 6 <br />Service as a 501(c)3 tax exempt non-profit corporation, and is in good standing with both state and federal <br />compliance. <br /> <br />Developer needs to identify if any contractor(s) and/or subcontractor(s) are a subsidiary to any member of the <br />development team. <br /> <br /> <br />2. Developer Experience. A narrative describing recent affordable residential development and management <br />experience, with an emphasis on experience gained in the last five years on projects similar to the one being <br />proposed. <br /> <br />a. Include project name and type (special needs, senior, large family, etc.), project address, developer <br />team members, unit count and bedroom type, affordability requirements, and funding sources in your <br />description. <br />b. Include a description of how neighborhood input was solicited and utilized in the development of these <br />projects. <br /> <br />3. Financial Capacity. Description of financial strength and ability to obtain project financing, and to provide <br />sufficient equity for the successful completion of the proposed project. <br /> <br />a. Include a description of current relationships with major lending institutions. <br /> <br />b. The developer which is selected for recommendation to City Council, or if a partnership the team members <br />who will retain an ownership interest in the project, will be required to submit complete financial <br />statements for the last three years. Because of the possibility of public records requests, the City cannot <br />guarantee that these statements will remain confidential. <br /> <br />4. References. Include a list of at least three references from public agency partners and professional lenders and <br />investors with full names, contact information, and identification of the project(s) worked on. SOQs must be <br />limited to a maximum of 25 pages, excluding front and back covers, section dividers, and exhibits. <br /> <br />All project proposals must contain the following minimum submission requirements: <br /> <br />1. Project Description. Detailed and concise narrative describing the proposed project, including at a minimum <br />and as appropriate the development concept for the site, proposed building square footage, number of <br />units/bedrooms, total parking spaces, proposed ingress and egress, proposed rents and tenant incomes, any <br />special needs groups to be served, amenities to be provided to the tenants, and resident manager’s unit. If <br />there will not be a resident manager for a rental project, describe in detail how the project will be managed. <br /> <br />For all projects, the narrative must also anticipated development cost and developer access to additional funds <br />required by the project. This narrative should be accompanied by a site map showing the project’s location. <br /> <br />Project Narratives should indicate how the project will align with specific goals from the City’s Housing Element <br />and Five-Year Strategic Plan. In addition, if the project will have deeper affordability targeting extremely low, <br />very low, and low income populations. <br /> <br />2. Development Pro Forma that identifies the sources and uses of all funds necessary to complete the project, and <br />that includes the project’s anticipated cash flows over a period of years equal to 15 years and 30 years. The pro <br />forma should identify important underlying assumptions that govern the cash flows, including but not <br />4-9