55F - RESO - FIRST ST APARTMENTS

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First Street Apartments Project Relocation Plan INTRODUCTION AMCAL Multi- Housing, Inc. (the "Developer ") has authorized the preparation of a Relocation Plan to be undertaken in connection with the commencement of the proposed new affordable housing project called the First Street Apartments Project ( "Project "). The Developer has acquired the property located at 1440 E. First Street in Santa Ana, CA as the proposed Project site. Existing structures, including multiple commercial uses, will be demolished to allow for the new construction. The Project entails the new construction of 69 affordable multi - family rental units within six residential buildings. Each building will be three stories with tuck -under parking. The units within the Project will consist of 35 two - bedroom units, 28 three - bedroom units and six four - bedroom units, all but one unit to be rented to families with household incomes at 30% and 60% of the area median income (AMI). One two - bedroom unit will be a manager's unit. Funding for the Project will come from multiple financing sources, including eight Project Based Vouchers from the Housing Authority of the City of Santa Ana and a conditional pre - commitment of Inclusionary Housing Funds from the City of Santa Ana. AMCAL will leverage these local funds to secure an allocation of 9% tax credits from the California Tax Credit Allocation Committee. The remaining financial gap will be filled with a construction loan and then a permanent loan provided by a to- be- detennined lender. Due to the necessary demolition of existing structures, all current Project occupants will need to be permanently relocated. The needs and characteristics of the displaced population, available relocation resources and the Developer's program to provide assistance to each affected person are general subjects of this Relocation Plan (Plan). This Plan conforms to the requirements of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended, HUD Handbook 1378, California Government Code 7260, and Title 25 of the California Code of Regulations. (Section 104(d) does not apply, because no residential units will be affected.) This Plan is organized in five sections: Project description (SECTION 1); 2. Assessment of the relocation needs of persons subject to displacement (SECTION II); 3. Assessment of available replacement residential units and commercial sites within the City of Santa Ana (SECTION I1I); 4. Description of the Developer's relocation program (SECTION IV); 5. Description of the Developer's outreach efforts, Project timeline and budget (SECTION V). y ��