Laserfiche WebLink
Discussion on Four Affordable Housing Development Projects and Options for City Financial <br />Assistance June 1, 2017 <br />Page 6 <br />million. Lastly, the allocation of 2017-18 CDBG funds for multi -family housing will provide an <br />additional $300,000 and is dependent on the allocation of federal funds. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement & Sustainability, Objective #3 (Facilitate diverse housing opportunities and support <br />efforts to preserve and improve the livability of Santa Ana neighborhoods), Strategy C (Provide <br />that Santa Ana residents, employees, artists and veterans receive priority for affordable housing <br />created under the City's Housing Opportunity Ordinance or with City funding to the extent allowed <br />under state law). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this item. However, the allocation of affordable housing <br />development funds and housing assistance payments will require City Council approval of loan <br />agreements and fiscal impact approval. <br />Robert C. Cortez <br />Deputy City Manager <br />City Manager's Office <br />Exhibits: 1. Available Funds for Affordable Housing Development Projects <br />2. Restrictions and Uses of Funds <br />3. Development Schedules for Affordable Housing Projects <br />4. KMA Analysis for the Santa Ana Arts Collective <br />5. CSG Advisors Analysis for the Santa Ana Arts Collective <br />6. KMA Analysis for the First Street Apartments <br />7. CSG Advisors Analysis for the First Street Apartments <br />8. CSG Advisors Analysis for Tiny Tim Plaza <br />65A-6 <br />