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Quarterly Report for Housing Division <br />February 6, 2018 <br />Page 5 <br />• Update: Construction commenced in January 2017 and is approximately 95% complete. <br />Project is expected to be completed in January 2018. <br />Santa Ana Arts Collective (1666 N. Main Street) <br />• Developer: Meta Housing Corporation <br />• Description: Acquisition, adaptive reuse and new construction project comprised of 57 affordable <br />rental units designated for professional artists of all disciplines, and 1 manager's <br />unit. <br />• City Funds: Inclusionary Housing ($4,775,000), HOME ($2,219,760), CDBG ($500,000) <br />• Update: Construction commenced on July 28, 2017 and the project is approximately 10% <br />complete. <br />First Street Apartments (1440 E. First Street) <br />• Developer: AMCAL Multi -Housing, LLC. <br />• Description: Demolition and new construction of an affordable multifamily apartment complex <br />consisting of 68 units of rental housing serving very -low and extremely -low income <br />families, and 1 manager's unit. <br />• City Funds: Housing Successor Agency ($8,522,740), Eight (8) Project -Based Vouchers <br />• Update: Housing Authority approved the Loan Agreement for the project on January 16, <br />2018. <br />Santa Ana Veterans Village (3312 W. First Street) <br />• Developer: <br />Jamboree Housing Corporation with Step Up on Second as the service provider <br />• Description: <br />New construction of an affordable multifamily apartment complex consisting of 75 <br />units of permanent supportive housing with wrap-around supportive services for <br />HUD-VASH eligible homeless veterans in the City of Santa Ana, and 1 manager's <br />unit. <br />• City Funds: <br />75 HUD-VASH Project -Based Vouchers, HOME ($353,962) <br />• Update: <br />Jamboree Housing received an award of Special Needs Housing Program funds <br />from the County of Orange for 20 of the 75 units ($2,912,000). With this additional <br />financing, Jamboree will be applying for 9% Low Income Housing Tax Credits on <br />February 28, 2018. <br />Aqua Housing (317 E. 17th Street) <br />• Developer: Community Development Partners with Mercy House as the service provider <br />• Description: Acquisition, demolition and new construction of a former motel yielding 56 units of <br />affordable permanent supportive housing with wrap-around supportive services for <br />chronically homeless individuals in the City of Santa Ana, and 1 manager's unit. <br />• City Funds: 56 Project -Based Vouchers <br />• Update: Community Development Partners (CDP) received an award of Special Needs <br />Housing Program funds from the County of Orange for 9 of the 56 units <br />($1,310,400). On January 16, 2018, CDP submitted an application for an Infill <br />Infrastructure Grant Program funds from the California Department of Housing and <br />Community Development. If successful, CDP will apply for 4% over-the-counter <br />Low Income Housing Tax Credits. <br />19D-5 <br />