19C - QRTLY RPT HOUSING PROLECTS

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Quarterly Report Housing Division Projects and Activities (July ^ September 2015) Page 4 Multi- Family Acquisition /Rehabilitation Projects The property at 940 S. Minnie Street Is currently being rehabilitated and is approximately 65 % complete. Once the rehabilitation Is complete, the property will yield eight affordable rental units consisting of 4 one - bedroom units, 2 two - bedroom units and 2 three - bedroom units. In -Fill Development Projects The construction of a new single- family home at 1314 N. Eastwood was completed by Habitat for Humanity of Orange County during the previous quarter. The property was sold to a qualified homebuyer during this quarter. Habitat for Humanity of Orange County is also constructing two new single - family homes at 4106 and 4110 W. McFadden Street. The construction is approximately 70% complete. Depot at Santiago (New 70 -Unit Affordable Rental Housing Development) The Developer and the City were successful In receiving funds from the Strategic Growth Council's Affordable Housing and Sustainable Communities (AHSC); otherwise, known as Cap & Trade funds. These funds are the result of the first round of applications for affordable housing projects and active transportation. During this quarter, the Developer successfully applied for and was awarded the second round of 9% Tax Credits, Andalucia Apartments (New 70 -Unit Affordable Rental Housing Development) The Developer, 815 N. Harbor LP, was successful In obtaining 4 % Tax Credits. Construction commenced during this quarter and the demolition of existing structures was completed. STRATEGIC PLAN ALIGNMENT The activities covered by this report allows the City to meet Goal #5 (Community Health, Livability, Engagement & Sustainability), Objective #3 (Facilitate diverse housing opportunities and support efforts to preserve and Improve the livability of Santa Ana neighborhoods), FISCAL IMPACT There is no fiscal impact associated with this action. 19C -4