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Request For Qualifications for Community Housing Development Organizations <br />September 20, 2016 <br />Page 2 <br />the CHDO on -call list, selected and approved CHDOs will have access to the CHDO funds on a <br />first -come basis for HOME qualified projects until the funds are fully exhausted within a three -year <br />deadline and /or the City has met its CHDO HOME commitment deadline for each fiscal year. <br />Based on the new HOME rules, HOME commitments cannot occur until all financing for the <br />project has been fully committed. The selected CHDOs will be responsible for contributing and <br />securing additional funds as necessary, for acquiring the land, completing the improvements, and <br />lease -up and operation of each project. <br />The RFQ is scheduled for release on September 26, 2016 with proposals due Friday, October 28, <br />2016. Notices of funding availability will be placed on the City's website, published in a general <br />circulation newspaper, and directly e- mailed to local housing developers who have previously <br />shown an interest in affordable housing development projects. Following review of the proposals <br />received, the recommendations for the CHDO on -call list will be submitted to the Community <br />Redevelopment and Housing Commission prior to recommendation to City Council for final <br />approval. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement and Sustainability, Objective #3 (facilitate diverse housing opportunities and support <br />efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Robert C. Cortez' " <br />Deputy City Manager <br />City Manager's Office <br />NV /J B <br />Exhibit: 1. Draft RFQ for Community Housing Development Organizations <br />19F -2 <br />