19D - QRTLY RPT OF HOUSING ACTIVITIES

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Quarterly Report for Housing Division August 15, 2017 Page 4 Affordable Funds for Affordable Housing Development Projects The City of Santa Ana and the Housing Authority acting as the Housing Successor Agency manages multiple sources of local, state and federal funds to promote and facilitate the development of affordable housing. As of May 31, 2017, a total of $2,194,192 is available for affordable housing development. Exhibit 1 provides a summary of the funds available as of the end of this quarter. Projects under Development NSP 1, 2 and 3 Programs The City's intermediaries, ANR Industries, Orange Housing Development Corporation, and C&C Development, continue to look for eligible properties for this program. For Sale Infill Housing (4010 - 4026 E. Mc Fadden Street) • Developer: Habitat for Hummanity of Orange County • Description: Acquisition and new construction project yielding five (5) affordable single-family homes to be sold to qualified low- to moderate -income buyers. • City Funds: Land provided by the Redevelopment Agency. • Status: Project is currently under construction and on target for completion by December 2017. Depot at Santiago (923 N. Santiago Street) • Developer: C & C Development (Depot at Santiago, LP). • Description: Acquisition, demolition and new construction project yielding 70 affordable rental units, a 3,000 SF community room, and 8,500 SF of retail space. • City Funds: HOME ($2,634,566), CDBG ($365,434). • Update: Construction commenced in April 2016 and is about 65% complete. Project is on target for completion in November of 2017. The Orchard (2151 E. First Street) • Developer: Community Development Partners and Mercy House. • Description: Acquisition and rehabilitation of former motel yielding 71 units of affordable permanent supportive housing with wrap-around supportive services for chronically homeless individuals in the City of Santa Ana. • City Funds: HOME ($1,199,869), 71 HUD Project -Based Vouchers ($7,895,194). • Update: Construction commenced in January 2017 and is approximately 45% complete. Project is on target for completion in the Fall of 2017. Santa Ana Arts Collective (1666 N. Main Street) • Developer: Meta Housing Corporation (Santa Ana Arts Collective, LP). • Description: Acquisition, adaptive reuse and new construction project yielding 57 affordable rental units designated for professional artists of all disciplines. • City Funds: Inclusionary Housing ($4,775,000), HOME ($2,219,760), CDBG ($500,000). • Update: Project closed on their financing in July 2017 and will commence construction in August 2017. 1901-4