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HOUSING AUTHORITY MINUTES 3 JUNE 20, 2017 Option #2: Amend the project’s original award by an additional amount up to $1,481,215, per CSG Advisors gap analysis report. City financial assistance to be negotiated by CSG Advisors and Meta Housing. Option #3: Take no additional action to fund the project at this time. B) First Street Apartments, AMCAL Multi-Housing: Option #1: Award of affordable housing development funds for an amount up to $8,522,740, per CSG Advisors gap analysis report. Option #2: Award of affordable housing development funds for an amount up to $8,795,000, per Keyser Marston Associates gap analysis report. Option #3: Take no additional action to fund the project at this time. C) Aqua Housing, Community Development Partners: Option #1: Amend the original project award with an additional 31 project-based vouchers. Option #2: Take no additional action to fund the project at this time. D) Tiny Tim Plaza, Community Development Partners: Option #1: Commit to a future award of affordable housing funds for an amount up to $11.7 million per CSG Advisors gap analysis report. Award of funds to follow the approval of the project by the Planning Commission and City Council pending the availability of funds. Option #2: Take no action to fund the project at this time. The following speakers spoke on the matter: • Joy Torres, have issues with affordable housing, propose homeless housing and social service programs. • Larry Haynes, noted that some projects have been earmarked for homeless; proposal is a transfer of funds coming from Housing and Urban Development Department • Ruben A Barreto, representing Santa Ana Building Heathy Community, submitted letter for support for the record. • Mario Turner, represent a developer; support proposal. Council discussion ensued.