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Quarterly Report for Housing Division November 7, 2017 Page 5 Santa Ana Arts Collective (1666 N. Main Street) • Developer: Meta Housing Corporation • Description: Acquisition, adaptive reuse and new construction project comprised of 57 affordable rental units designated for professional artists of all disciplines, and 1 manager's unit. • City Funds: Inclusionary Housing ($4,775,000), HOME ($2,219,760), CDBG ($500,000) • Update: Construction commenced on July 28, 2017 and the project is approximately 5% complete. Staff is working with the developer and property management company on the tenant selection policies and procedures. First Street Apartments (1440 E. First Street) • Developer: AMCAL Multi -Housing, LLC. • Description: Demolition and new construction of an affordable multifamily apartment complex consisting of 68 units of rental housing serving very -low and extremely -low income families, and 1 manager's unit. • City Funds: Housing Successor Agency ($8,522,740) • Update: On September 20, 2017, the California Tax Credit Allocation Committee awarded the project $1,469,342 in Low -Income Housing Tax Credits. Santa Ana Veterans Village (3312 W. First Street) • Developer: Jamboree Housing Corporation with Step Up on Second as the service provider • Description: New construction of an affordable multifamily apartment complex consisting of 75 units of permanent supportive housing with wrap-around supportive services for HUD-VASH eligible homeless veterans in the City of Santa Ana and 1 manager's unit. • City Funds: 75 HUD-VASH Project -Based Vouchers ($11,489,000), HOME ($353,962) • Update: Developer's application for 9% Low -Income Housing Tax Credits was not successful; staff is working with the developer to secure other sources of financing; developer will reapply the next round. Aqua Housing (317 E. 17th Street) • Developer: Community Development Partners with Mercy House as the service provider • Description: Acquisition, demolition and new construction of a former motel yielding 56 units of affordable permanent supportive housing with wrap-around supportive services for chronically homeless individuals in the City of Santa Ana and 1 manager's unit. • City Funds: 56 Project -Based Vouchers ($9,237,900) • Update: Developer's application for 9% Low -Income Housing Tax Credits was not successful; staff is working with the developer to secure other sources of financing. Tiny Tim Plaza (2223 West 5th Street) • Developer: Community Development Partners. • Description: New construction of an affordable multifamily apartment complex consisting of 51 units of rental housing serving very -low and extremely -low income families, and 1 manager's unit. • City Funds: Inclusionary Housing ($1,300,000), Housing Successor Agency ($4,700,000) 19D-5