19D - HOUSING QRTLY RPT - Laserfiche WebLink

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Quarterly Report for Housing Division November 15, 2016 Page 4 Habitat for Humanity of Orange County Habitat for Humanity of Orange County continues the construction of five homes located at 4010 - 4026 E. McFadden Street. Once completed, the homes will be sold to qualified low- and moderate -income homebuyers. Depot at Santiago (New 70 -Unit Affordable Rental Housing Development) Construction commenced in April 2016 and the retaining walls and podium columns are about 50% complete. The entire project is expected to be completed in July 2017. Andalucia Apartments (New 70 -Unit Affordable Rental Housing Development) Rough framing, mechanical, electrical and plumbing systems are complete. Exterior finishes are about 80% complete. Interior finishes are about 50% complete. The entire project is expected to be completed in January 2017. Santa Ana Arts Collective (Adaptive Reuse for 57 Units of Affordable Rental Housing) The Developer, Meta Housing Corporation, was awarded funds through a Request for Proposal (RFP) process to acquire and develop 57 affordable rental housing units with a preference for applicants who are artists and working artist families within Santa Ana. The Developer has completed the entitlement process. The Developer was invited to submit a proposal for Affordable Housing and Sustainable Communities Program grant funds (Cap & Trade) provided by the California Strategic Growth Council. Their proposal was submitted in June 2016 and on October 11th the California Strategic Growth Council awarded $12,028,626 in funding to the Santa Ana Arts Collective and the City of Santa Ana Public Works Agency. The project was one of 25 projects awarded out of a total pool of 85 applications, and the only project awarded in Orange County. Out of two rounds of funding for this State program, this is the 2°d award received for a project in the City of Santa Ana. Guest House (Rehabilitation of 71 Units of Affordable Rental Housing) The Developer, Community Development Partners and Mercy House, was awarded HOME funds through a Request for Proposal (RFP) process to acquire and rehabilitate a former motel on First Street into 71 units of permanent supportive housing for homeless individuals. The Developer was successful in obtaining tax credits and affordable housing bonds, and is anticipated to close and start construction during this quarter. First Street Apartments (New 69 -Unit Affordable Rental Housing Development) On April 19, 2016, City Council approved an award of inclusionary housing in -lieu fees to the Developer, AMCAL Multi -Housing LLC, for the First Street Apartments project and approved a conditional loan commitment letter of $8,795,000 that will be contingent on the City's actual receipt of in -lieu fee payments of $9,695,725.60, or a portion thereof, or a cash equivalent to the in -lieu fee payments from the Heritage Village OC, LLC. 19D-4