19E - RFP - AFFORDABLE HOUSING - Laserfiche WebLink

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CITY OF SANTA ANA COMMUNITY DEVELOPMENT AGENCY REQUEST FOR PROPOSALS FOR AFFORDABLE HOUSING DEVELOPMENT EXHIBIT A— SCOPE OF SERVICES I. INTRODUCTION The City of Santa Ana is soliciting proposals for the development of affordable housing projects from developers who are experienced, very knowledgeable of HUD programs and its requirements, financially creative and capable of developing, managing and maintaining high quality affordable housing. The City may only accept proposals for the Acquisition and Rehabilitation of Existing Residential Rental Projects. Any additional financing for a protect must be secured prior to July 31 2016 in order to be eligible for an award of funds. The maximum funding available will be as follows: - $1,199,869 in HOME Program funds that must be committed by July 31, 2016 - $161,007 in HOME Programs funds for Community Housing Development Organizations (CHDO) only - 50 Project -Based Vouchers from the Housing Authority of the City of Santa Ana for homeless individuals or families The financial data provided in this RFP is not guaranteed, and the availability of such funds is subject to change at any time. The City of Santa Ana makes no guarantee of the availability of funding for any particular applicant or project. The availability of 50 project -based vouchers is contingent upon proposals awarded under RFP # 15 -129 for 100 units of Permanent Supportive Housing. The Housing Authority also understands that a project where 100% of the units designated for homeless individuals or families could be one of many ways to serve the most vulnerable members of our community. As a result, the Housing Authority is willing to consider proposals for project -based vouchers wherein at least 50% of the project -based units are for homeless individuals or families and the remaining project -based units may be for individuals or families earning less than 30% Area Median Income. The submission of a proposal in response to this RFP does not commit the City to providing any funding to a proposed project. The City reserves the right to determine at its sole discretion how to disburse available funds, if at all. The selected developer will also have a demonstrated history of working cooperatively with surrounding neighborhoods in all phases of project development. Both nonprofit and for profit developers are eligible to apply, either individually or in partnership with other entities. Due to HUD's commitment deadlines for the City's funds, it is imperative that applicants be able to demonstrate site control for the existing property they propose to acquire and rehabilitate. HUD policy generally discourages the use of federal grant funds as the only financing source for housing projects. As a consequence, developers who can demonstrate the capability to make non - federal funds a significant part of the financing mix for their proposed project will score higher in the selection process than those who cannot. II. HOME INVESTMENT PARTNERSHIP PROGRAM (HOME) FUNDING The City of Santa Ana (City) has adopted a Consolidated Five Year Plan (Plan) that governs its expenditure of formula grant funds received from the U.S. Department of Housing and Urban Development (HUD). The Plan identifies the development of affordable rental housing and homeownership as a high priority. It further stipulates that HOME Investment Partnership Act funds (HOME) may appropriately be used to meet these goals. A. DEVELOPMENT SITE PREFERENCES The City is not making any parcels it owns available for development through this RFP, and it will entertain proposals for suitable properties located anywhere in the City. However, the City prefers to maximize the positive impact of its limited federal housing development funds by concentrating their expenditure in targeted City of Santa Ana Community Development Agency Request for Proposals for Affordable Housing Development Page 10 19E -12