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Home My WebLink About19D - HOUSING DIV REPORTREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: MAY 21, 2019 TITLE: RECEIVE AND FILE QUARTERLY REPORT FOR HOUSING DIVISION PROJECTS AND ACTIVITIES JANUARY— MARCH 2019 {STRATEGIC PLAN NO. 5, 3C} el CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 151 Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Receive and file the Quarterly Report for Housing Division Projects and Activities for the period of January 2019 — March 2019. COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION At its regular meeting on April 24, 2019, by a vote of 8:0 (Urzua absent) the Community Redevelopment and Housing Commission approved the recommended action. DISCUSSION This report for the quarter ending on March 31, 2019 provides statistics for all of the affordable housing projects and activities for the Housing Division. The report is divided into four sections: Loan Activity, Loan Portfolio Management and Monitoring, Affordable Housing Funds and Commitments, and Development Projects. Loan Activity Applications The Housing Division offers several different programs including down payment assistance for first-time homebuyers and rehabilitation loans for mobile homes, single-family, multi -family, and historic homes. Inquiries are received from the public and applications are mailed out, received and approved for these programs on a continual basis. Table 1 shows the number of inquiries, applications sent out, received and approved by type for the quarter and for the total fiscal year. 19D-1 Quarterly Report for Housing Division May 21, 2019 Page 2 Table 1: Applications Sent Out, Received & Approved Program Q3 Inquiries Total FY Applications Sent Out Q3 Total FY Applications Received Q3 Total FY Applications Approved Q3 Total FY Single -Family Rehabilitation 19 70 11 93 2 9 0 1 Mobile Home Rehabilitation 1 7 1 5 1 1 0 1 Multi -Family Rehabilitation 1 1 0 0 0 0 0 0 Historic Home Restoration 1 1 1 1 0 0 0 0 Homeownership 11 54 107 175 1 9 1 4 The number of applications received is typically lower than the number of applications sent out in any given period due to the stringent program guidelines for eligibility regulated by the federal government, which makes it difficult for most applicants to qualify. Currently, due to the retirement of the City's Senior Residential Construction Specialist in December 2018 and the promotion of the Residential Construction Specialist into the position, the Housing Division does not have adequate staffing to implement the Single -Family and Mobile Home Rehabilitation Program. Any applications received have been put on hold. The vacant Residential Construction Specialist position has been posted for hiring; however, the recruitment was extended beyond the initial closing date due to a lack of applications. Rehabilitation Loan Underwriting and Approval Progress For the rehabilitation loans, staff reviews applicant eligibility, verifies income and assets, and oversees underwriting to ensure compliance with program guidelines and requirements established by the funding source. In addition, staff conducts an inspection of the property, prepares a work write-up to determine rehabilitation work to be performed, and develops a budget for the work. Due to the complex funding requirements, applications may be in underwriting for several months. The length of time in underwriting is largely determined by the applicant's timely submittal of the necessary paperwork. Once approved, staff prepares all necessary loan documents, makes arrangements for loan execution, and reserves the required loan funds. During this quarter, one (1) inclusionary housing purchase at City Ventures was approved and closed escrow. Rehabilitation Program Construction Progress During this phase, homeowners receiving rehabilitation loans are guided through an open selection of contractors to complete the work on their homes. Each homeowner is given a list of contractors that have been screened by staff for license and insurance requirements. However, homeowners are allowed to select any contractor that meets these same requirements. Staff assists the homeowners with the evaluation of bids and selection of a contractor. Staff also monitors the construction work, approves payments to contractors, and tracks expenditures to ensure compliance with the loan agreement and program guidelines. At the end of this quarter, there were two (2) single-family homes under construction and two (2) mobile homes were completed. Down Payment Assistance Loan Program Progress For the Down Payment Assistance Loan Program, staff evaluates applicant eligibility and oversees underwriting to ensure compliance with program guidelines and requirements 19D-2 Quarterly Report for Housing Division May 21, 2019 Page 3 established by the U.S. Department of Housing and Urban Development (HUD). Applicants must meet established income requirements, complete an eight-hour pre -purchase counseling program from a HUD -approved housing counseling agency, be pre -qualified for a first mortgage and have a minimum of three percent of the purchase price from their own savings. Other HUD requirements apply, including a current maximum sales price of $513,000 for a single family home or condominium. On March 6, 2018, City Council approved an update to the Down Payment Assistance Loan Program increasing the loan amount to $80,000 for low-income households and approving the use of the Inclusionary Housing Fund to offer down payment assistance of up to $40,000 for moderate -income households. The updated program requires the buyer must be a current resident of Santa Ana or work in Santa Ana at least 32 hour per week (except U.S Military Veterans). Additionally, the property needs to be in good condition and pass an inspection. During this quarter, staff conducted one (1) down payment assistance workshop in which a total of 72 people attended. Staff was invited by SACRED Santa Ana to provide a down payment assistance presentation in which 24 people attended. In addition, one (1) down payment assistance application was received and closed escrow. Loan Portfolio Management & Monitoring The Housing Division is responsible for managing the residential loan portfolio which includes all of the loans entered into by the City and Housing Authority acting as the Housing Successor Agency. As of the end of this quarter, the principal balance was $130,930,885. This is comprised of 415 loans of which 392 are deferred or residual receipt payment loans. As shown in Table 2, the loan portfolio generated $122,246 in payments of principal and interest during this quarter. Table 2: Portfolio Revenue Monitoring As part of the requirements for these funds, staff must monitor the owner -occupancy of single- family homes that have received loans, and the building code compliance of units in rental projects with long-term affordability covenants. During this quarter, 36 owner -occupancy recertification letters were mailed and 29 were returned and processed. Staff also audited files for twenty-seven (27) loans and conducted building code compliance inspections for 140 units in nine (9) projects. Regulations require that only a sample of units be selected for inspection. Staff also inspects the grounds and common areas such as laundry rooms to ensure they also meet municipal code requirements. The grounds, common areas and all of the inspected units were found to be in compliance at the time of initial inspection. 19D-3 Funding Source HOME CDBG Redevelopment NSP CaIHOME Loan Payoffs $0 $75,866 $0 $0 $0 Residual Receipts Payments $14,415 $0 $0 $0 $0 Amortized Loan Payments $3,870 $7,588 $20,506 $0 $0 Total For Q3 $18,285 $83,454 $20,506 $0 $0 Monitoring As part of the requirements for these funds, staff must monitor the owner -occupancy of single- family homes that have received loans, and the building code compliance of units in rental projects with long-term affordability covenants. During this quarter, 36 owner -occupancy recertification letters were mailed and 29 were returned and processed. Staff also audited files for twenty-seven (27) loans and conducted building code compliance inspections for 140 units in nine (9) projects. Regulations require that only a sample of units be selected for inspection. Staff also inspects the grounds and common areas such as laundry rooms to ensure they also meet municipal code requirements. The grounds, common areas and all of the inspected units were found to be in compliance at the time of initial inspection. 19D-3 Quarterly Report for Housing Division May 21, 2019 Page 4 Available Funds and Land Assets 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 well as land assets held by the Housing Successor Agency. Exhibit 1 provides a summary of the funds available as of the end of this quarter. Exhibit 2 provides a summary of available land assets. The Summary of Available Funds has been adjusted to reflect the award of conditional pre - commitments to four new development projects, described in detail below, and the addition of $377,235 in Rental Rehabilitation Program (RRP) Grant Funds. The RRP Grant was authorized by Congress on November 30, 1983 by Section 301 of the 1983 Housing and Urban -Rural Recovery Act to stabilize the condition of existing rental housing stock in low-income communities through the physical improvement of multi -family rental housing. The City of Santa Ana was selected by the U.S. Department of Housing and Urban Development to participate in the RRP and grant funds were utilized to provide rental rehabilitation deferred loans. All federal funds were expended and the grant program has had no activity for over ten years. All outstanding loans from this grant source have since been repaid, and the repayments are considered program income. Federal guidelines allow program income earned to be used for activities that would be eligible under other affordable housing activities. Housing Opportunity Ordinance On -Site Development: Since 2011, a total of 33 units have been developed on-site as a result of the Ordinance, including 23 ownership units for -sale and 10 rental units: Units Built On -Site Ownership Rental TOTAL 23 10 33 In -Lieu Fees Generated.- All enerated. All in -lieu fees, penalties and other monies collected pursuant to the Housing Opportunity Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since inception, the Inclusionary Housing Fund has generated $17,800,251 to be used for the development of housing affordable to low and moderate -income households, with a reasonable amount spent on administrative or related expenses associated with the administration of the Housing Opportunity Ordinance. These fees were generated from a total of 9 projects that opted to pay the in -lieu fee instead of building units on-site. If those 9 projects had instead built the inclusionary housing units on-site, a total of 393 low-income units or 263 very low-income units would have been created. By comparison, there were 2,589 market -rate units produced or are under construction. 19D-4 Quarterly Report for Housing Division May 21, 2019 Page 5 Affordable Housing Units under Construction/ Pre -Construction with In -Lieu Fees. A total of 202 units are under construction / pre -construction with an investment of in -lieu fees generated. This includes a $4,775,000 loan of in -lieu fees to develop 57 units of affordable housing at the Santa Ana Arts Collective; a pre -loan commitment of $1.3 million of in -lieu fees to develop 51 units of affordable housing at the Tiny Tim Plaza project; a pre -loan commitment of $3,170,547 to develop 93 units of affordable housing at the Legacy Square project; and a pre - loan commitment of $231,494 to develop two affordable homeownership units by Habitat for Humanity at 416 Vance Street and 826 N. Lacy Street. Units Under Construction / Pre -Construction with In -Lieu Fees Project # of Units Santa Ana Arts Collective 57 Santa Ana United Methodist Church "Legacy Square" 93 Tiny Tim Plaza 51 416 Vance Street & 826 N. Lacy Street 2 TOTAL 203 In addition, $3,131,700 of in -lieu fees was committed by City Council on September 14, 2018 to create 200 emergency shelter beds at the Link interim emergency shelter. This report reflects the status of funds and projects for the period ending March 31, 2019. Request for Proposals - RFP #18-056 - Affordable Housing Development The City of Santa Ana and the Housing Authority of the City of Santa Ana issued a Request for Proposals (RFP) on July 2, 2018 for the development of affordable housing in the City. Proposed developments may be for acquisition and/or rehabilitation of eligible properties for rental or transitional housing; acquisition and conversion of non-residential property to multifamily rental units; and/or new construction of housing units for rental housing. Land assets owned by the Housing Authority of the City of Santa Ana are also available for development under the RFP. Additional information regarding the RFP is available on the City of Santa Ana's website. The City of Santa Ana received thirteen (13) proposals that passed a minimum threshold review. The proposals were reviewed by a Review Panel of City employees. Interviews were held on October 30, 2018 and the Review Panel recommended four projects for approval on November 5, 2018. A Public Hearing was held on December 19, 2018 and the Community Redevelopment and Housing Commission recommended to award the four projects. City Council approved two of the projects, Santa Ana United Methodist Church (aka Legacy Square) and Francis Xavier, on January 15, 2019. The remaining two projects, Habitat for Humanity and Budget Inn, were approved by City Council on March 5, 2019. All four new projects are included in this staff report in the summary of projects under development. Six (6) of the thirteen (13) proposals were for the development of the Housing Authority land asset at 1126 & 1146 E. Washington Avenue. This parcel is adjacent to a vacant County owned parcel and it is the desire of the City and County to jointly develop the adjacent parcels. Three of 19D-5 Quarterly Report for Housing Division May 21, 2019 Page 6 the six proposals for this site passed the minimum threshold review and were reviewed by the Review Panel of City employees on October 30, 2018. The three proposals were then provided to the County for review and recommendation. The County met and interviewed the three developers and provided their recommendation to the City on March 7, 2019. Each of the projects made substantial changes to the initial proposals they had previously submitted to the City, upon further discussion with the County. The revised proposals were then provided to the City on March 21, 2019. Keyser Marston and Associates performed a preliminary financial analysis of the revised proposals and the City Review Panel was reconvened on April 10, 2019. The City and County met on April 17, 2019 to finalize the recommendation for joint development of the site. At the May 22, 2019 Community Redevelopment and Housing Commission meeting, City staff will recommend the approval of a pre -loan commitment and 99 -year ground -lease with the Related Companies of California for the development of this parcel. Following approval by the Housing Commission, staff will recommend the project award to City Council / Housing Authority. PROJECTS UNDER DEVELOPMENT There are three (3) affordable housing developments under construction and an additional six (6) affordable housing projects in pre -development. Below are brief summaries for the nine (9) projects under development. Exhibit 3 provides a development timeline for the larger development projects. Projects under Construction 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: Construction is 50% complete and construction is anticipated to be completed by end of September 2019. The pre -leasing process will be started in May, approximately 120 days prior to occupancy. 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. Permanent supportive housing for 15 units will be funded by MHSA/SNHP funds from the County of Orange. • City Funds: Inclusionary Housing ($4,775,000), HOME ($2,627,631), CDBG ($500,000) • Update: Construction is 35% complete. Foundation structural revisions were required, which has delayed the schedule. Construction is anticipated to be complete at the end of October with occupancy expected in November 2019. The marketing timeline has been adjusted accordingly since tenant eligibility documentation must be dated within 120 days of occupancy. The four educational sessions to inform artists on how to apply for housing are now 19D-6 Quarterly Report for Housing Division May 21, 2019 Page 7 scheduled for June, and the applications will be due in August or September. There are currently 339 people on the list of interested parties. City staff has reviewed their process for implementing Santa Ana's local preference and will audit the priority list prior to prospective tenants submitting their final application. Santa Ana Veterans Village (3312 W. First Street) • Developer: Jamboree Housing Corporation with Step Up on Second • Description: New construction of an affordable multifamily apartment complex consisting of 75 units of permanent supportive housing with wrap-around supportive services for HUD -Veterans Affairs Supportive Housing (VASH) eligible homeless veterans and 1 manager's unit. • City Funds: Seventy-five (75) HUD-VASH Project -Based Vouchers (PBVs), HOME- CHDO ($352,963) • Update: A ceremonial ground breaking ceremony was held on January 7, 2019. The underground drain systems, sewage, water and gas lines have been laid and grading is 90% complete. Projects in Pre -Development Aqua Housing (317 E. 17th Street) • Developer: Community Development Partners (CDP) with Mercy House • 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 and 1 manager's unit. 28 of the 56 units will be funded by MHSA/SNHP funds from the County of Orange. • City Funds: Fifty-six (56) Project -Based Vouchers • Update: The developer closed on their financing in April. Construction will start in June. North Harbor Villaae Permanent Supportive Housina (formerly Budaet Inn) (1108 N. Harbor • Developer: Jamboree Housing • Description: New construction of a 100% affordable multifamily apartment complex consisting of 89 permanent supportive housing studio units for homeless veterans. • City Funds: Community Development Block Grant (CDBG) Program (CDBG) ($1,687,047) and Eight -Nine (89) HUD-VASH PBVs • Update: The developer is working on securing their remaining financing. They have applied to the Federal Home Loan Bank of San Francisco (FHLBSF) for $890,000 in Affordable Housing Program (AHP) Financing and applied for a $500,000 Home Depot Grant (HDG). The award announcements are anticipated June 20, 2019 for the AHP and August 15, 2019 for the HDG. They are also preparing to submit an application for the competitive 9% tax credits. The timing of the application is contingent on the award of other financing in order to be competitive. Jamboree is also working on the design. 19D-7 Quarterly Report for Housing Division May 21, 2019 Page 8 Francis Xavier (801. 809. 809 % East Santa Ana Boulevard) • Developer: HomeAid Orange County, Inc. and Mercy House • Description: New construction of an affordable multifamily apartment complex consisting of 16 units of permanent supportive housing. • City Funds: Housing Successor Agency Funds ($1,069,947), three (3) HUD-VASH PBVs, 99 -year ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, 2018: $788,000) • Update: The developer is revising their plans to increase the number of units from 12 to 17 to include one market rate managers unit and four additional affordable units. The level of affordability is still to be determined pending a financial analysis. The neighboring parcel of land has also been listed for sale and the developer is pursuing the purchase of this adjacent lot. If successful, the total number of units may be increased to over 30, which would enable the project to qualify for Low Income Housing Tax Credit financing. The developer is also working to secure their remaining financing. An application for No Place Like Home funds has been submitted to secure financing for nine (9) of the units. Habitat for Humanity (416 Vance Street & 826 N. Lacy Street) • Developer: Habitat for Humanity of Orange County • Description: New construction of two single-family detached homes for home -ownership serving households up to 120% AMI. • City Funds: Inclusionary Housing ($231,494) and 99 -year ground lease agreement for 416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, 2018: $578,000) • Update: Developer has confirmed they will be able to secure the additional funding necessary for the project through fundraising efforts. Leaacv Sauare (formerly Santa Ana United Methodist Church) (609 North Snuraeon Street • Developer: National Community Renaissance and Mercy House • Description: New construction of a 100% affordable multifamily apartment complex consisting of 92 units of rental housing and 1 manager's unit. All units will be affordable to households earning less than 60% AMI of which 33 units will be set-aside for permanent supportive housing. • City Funds: Inclusionary Housing ($3,170,547) and Eight (8) HUD-VASH PBVs • Update: Developer has submitted an application for $20 million in Affordable Housing Sustainable Communities (AHSC) funding on February 11. AHSC funding awards will be announced June 21. After AHSC funding is secured, National CORE will apply for noncompetitive 4% tax credits and tax-exempt bonds. AHSC funding is highly competitive. In the event AHSC funding is not awarded, the developer will apply for second round 9% tax credits on July 1. Both financing scenarios include Special Needs Housing Program (SNHP) funds from the County of Orange. SNHP funds for Legacy Square may be considered at the May 7, 2019 Board of Supervisors meeting. 19D-8 Quarterly Report for Housing Division May 21, 2019 Page 9 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) • Update: City Council approved their Loan Documents on April 16, 2019. CDP closed on their financing on May 2. STRATEGIC PLAN ALIGNMENT The activities covered by this report allow the City to meet Goal # 5 - Community Health, Livability, Engagement & Sustainability, Objective # 3 (Facilitate diverse housing opportunities and support efforts to preserve and improve the livability of Santa Ana neighborhoods). FISCAL IMPACT There is no fiscal impact associated with this action. —IV � Steven A. Mendoza Executive Director Community Development Agency Exhibits: 1. Available Funds for Affordable Housing Development Projects 2. Available Land Assets for Affordable Housing Development 3. Project Timelines 19D-9 19D-10 EXHIBIT 1 Available Funds for Affordable Housing Development Projects As of March 31. 2019 Housing Successor Agency (Housing Authority) $6,237,860 Cash on Hand ($85,227) First Street Apartments Loan' ($126,608) First Street Apartments Project Costs ($4,700,000) Tiny Tim Plaza Conditional Pre -Commitment Loan ($1,069,947) Frances Xavier Residence Project Pre -Commitment Loan a ($250,000) Administrative Costs Allowance' $6,078 Available Funds Inclusionary Housing Funds $10,560,603 Cash on Hand ($344,228) Santa Ana Arts Collective Project Costs 6 ($1,300,000) Tiny Tim Plaza Conditional Pre -Commitment Loan 2 ($320,000) Down Payment Assistance Program 6 ($1,360,850) Interim Emergency Homeless Shelter Agreement' ($3,170,547) Legacy Square Project Pre -Commitment Loan 6 ($231,494) Lacy Street Project Pre -Commitment Loan e ($687,234) Administrative Costs Allowance (CDA/PBA) $3,146,250 Available Funds 10 HOME Program $3,274,940 Funds to Drawdown $3,274,940 Available Funds to Drawdown CDBG Program (Acquisition/Rehabilitation Projects Only) $1,687,047 Funds to Drawdown ($1,687,047) Budget Inn Project Pre -Commitment Loan e $0 Available Funds to Drawdown NSP Program (Abandoned, Foreclosed or Vacant Properties Only) $1,251,329 Funds to Drawdown (5318,417) Administrative Costs Allowance $932,912 Available Funds to Drawdown Rental Rehabilitation Grant Program $380,771 Cash on Hand " $380,771 Available Funds $7,740,951 Total Available Funds Approvee by H." AulMri l en J.., 10. 2016. WN O W.n pak be March 13. 2016. 10%nmfnaq to M paid upon Wr plellon q CaneWcton. r Approved by Day CowuVHouan9 Au1M1aMy on Junf 20, 201). Loan a9nrMnb *,,orad on Aprd 18, 2019. Apprarad by NNI" Autbo ey W Jrwry 15. 2019. T He." S .aer Aganry n9ef on wrdabM.. be fund be. moMdina, and comb*.. enK ebr. staled b the fomnr Redavelopma n A9emy'• Iwuan9 bans preyed w.b,9y 34 Bee in ban..pprovad by City C.N,il braid on Jul/ 26, 2017. N00.000 ryin.ly.ppravetl by Ciry DwxA on Mrd, 8 NII6. ieq b.ns D.W IMou9M1 am of MrcM1 2019. Ap,ovad W CM CaunW en ee,emeen 16. 2018. Apeemen a9M1 Marry House Livap Canaan. Inc Only finl year wmmtnwa na8„dad Mre. r Abide," by CM CINn Hou.nq AulbonN on J." 16. 2019. a Ap,ovad by Ciry C 11Mommq AulM1ody, en Mercer 6, ZD19. 0 $2.426.000 a IMS rn9Unt may be needed for the iii year commVnant of any LINK Stroller it other and ,.Kid avenue .ep0. re not ...iabR. OW pr.,.m nwm...A.1do aOer, [bse out M,egrarn In HUD. 19D-11 19D-12 EXHIBIT 2 AVAILABLE LAND ASSETS FOR AFFORDABLE HOUSING DEVELOPMENT (1) 302 E. Twenty -Second Street a. APN:003-122-25 b. Lot Size: 27,817sf c. Current Zoning: R1 Single -Family Residence, which allows one house per lot. d. Parcel was acquired 10/30/2002 using Low and Moderate Income Housing Asset Fund - 20% Set Aside. e. Previous Use: Purchased from Cal Trans. It was a remnant parcel from the freeway widening project. The site was vacant and undeveloped at the time it was acquired. f. General Plan: Low Density Residential, which allows single-family residences and ancillary uses. g. Maximum du/ac: Seven units per acre. h. Site Condition / Environmental Conditions: Property is irregular in shape, is below the minimum lot size for a residential lot, and will most likely require the approval of several variances from the zoning code in order to facilitate a residential unit. (2) 1126 $1146 E. Washington Ave. a. APN:398-092-14 b. Lot Size: 62,347sf (1.43 Acres) c. Current Zoning: SD -84 d. Parcel was acquired 9/5/2007 using Low and Moderate Income Housing Asset Fund - 20% Set Aside e. Previous Use: Purchased from Cal Trans. Remnant parcel from freeway widening project. Cal Trans demolished five buildings on the site in the early 1990s. The site was vacant and undeveloped when it was acquired by the City. f. General Plan: District Center (DC), which is a designation that allows mixed-use development. g. Maximum du/ac: Up to 90 units per acre. h. Site Condition / Environmental Conditions: This property is located within the Transit Village sub -zoning district, which allows the most intense development within the SD - 84 district. Building types allowed include a Tuck Under product (3 stories/18 units per acre) up to a Tower on Podium (25 stories/90 units per acre). 1901-13 19D-14 EXHIBIT 3 Current Affordable Housing Development Project Timelines Projects under Construction Page 1 of 4 1901-15 First StreetLNp- —arbm —en t-sMr4401 E. IIF. irst St Oct -15 Developer Submitted Request for Funds to CDA Apr -16 Planning Entitlements Approved Jun -17 Awarded Successor Agency Funds Jun -17 Relocation Plan Approved Sep -17 9% Low -Income Housing Tax Credits Awarded Jan -18 Final Housing Authority Loan Approved Mar -18 Close of Escrow Mar -18 Construction Initiated Aug -19 Anticipated Construction Completion Page 1 of 4 1901-15 Santa Ana Arts Collective -1666 N. Main St Jun -15 RFP Issued Nov -15 Approved HOME/CDBG Funds Mar -16 Submitted Application forAHSC (Cap & Trade Funds) Sep -16 Awarded AHSC (Cap & Trade) Funds Nov -16 9% Low -Income Housing Tax Credits Awarded Dec -16 Relocation Plan Approved Jul -17 Final Loan Approved/ Close of Escrow Jul -17 Planning Entitlements Approved Jul -17 Building Permits Pulled/Construction Initiated Apr -19 Anticipated Construction Completion Aug -19 Revised Project Completion Dote * (Foundation/Building SeismkAdjustments) Page 1 of 4 1901-15 Santa AnaVeterans;Uillage - 3312 W. First St Dec -16 RFP Issued for PBVs Apr -17 Approved HUD VASH PBVs Jun -17 Awarded HOME CHDO Funds Jun -17 Planning Entitlements Approved Jan -18 Awarded County Special Needs Housing Funds Feb -18 Submittal of 9% Low -Income Housing Tax Credit Application Jun -18 Award of 9% Low -Income Housing Tax Credits Dec -18 Close of Escrow Feb -19 Anticipated Construction Initiated Mar -20 Anticipated Construction Completion Page 1 of 4 1901-15 EXHIBIT 3 Projects in Pre -Development Page 2 of 4 19D-16 Aqua Housing - 317 E. 17th St Dec -16 RFP Issued for PBVs Apr -17 Approved PBVs Jun -17 Planning Entitlements Approved Jun -17 Approved Additional PBVs Jan -18 Awarded County Special Needs Housing Funds Jan -18 Submitted Application for HCD Infill Infrastructure Funds Jun -18 Award of HCD Infill Infrastructure Funds Aug -18 Submittal of 4% Low -Income Housing Tax Credit Application Oct -18 Allocation of 4% Low -Income Housing Tax Credits Mar -19 Anticipated Close of Escrow Apr -19 Anticipated Construction Initiated Page 2 of 4 19D-16 North Harbor VillFormerly Budget inn)) Mar -19 Start of Design Development Mar -19 Applied to FHLBSF for AHP Financing ($830,000) Mar -19 Award of VASH Vouchers & City Loan by City Council (89 Vouchers and $1,687,047) Mar -19 Start Environmental Approval Process with City of Santa Ana (CEQA/NEPA) Mar -19 Applied for Home Depot Grant ($500,000) Apr -19 First Submittal for Architectural Review May -19 Community Meeting Jun -19 Apply to HCD for MHP Funding (Amount TBD) Jun -19 Arch. Review Comments Received from City Jun -19 CEQA/NEPA Approval — City of Santa Ana Jun -19 Receive AHAP Contract Jun -19 AHP Award Date Jul -19 Resubmit Plans for 2nd Architectural Review Jul -19 TCACApplication —2n'Round 2019 Jul -19 Apply for OCCF Financing (If Necessary) Jul -19 Receive Ministerial Approvals for Design Aug -19 Home Depot Grant Award Date Sep -19 OCCF Award (TBD — If Necessary) Sep -19 TCAC Allocation Sep -19 Start Construction Documents for Rehab Sep -19 Submit First Plan Check Dec -19 Receipt of First Plan Check Comments Dec -19 Submit Second Plan Check Jan -20 Receipt of Second Plan Check Comments Jan -20 Submit Third Plan Check Feb -20 Receipt of Permit Ready Feb -20 Construction Loan Closing Page 2 of 4 19D-16 EXHIBIT 3 Feb -20 Start of Construction Feb -20 Construction Complete Feb -20 Start of Lease Up Jun -20 Full Occupancy Francis Xavier - 801 809 809 1/2 E. Santa Ana Boulevard Jan -19 Council Approval for Land Lease and Project Funding Jan -19 Submittal of Application for NPLH Funding Feb -19 Confirm with City Staff That Project Site Can Yield Additional Units Under Existing Zoning Mar -19 Revise Conceptual Drawings for additional 5 units (17 total units, up from the original 12 units) Mar -19 SNHP Funding Application Submitted to County Apr -19 City Staff to Review Revised Conceptual Design Apr -19 Begin Development Agreement May -19 Board of Supervisors Meeting for SNHP Funding Jul -19 Execute Development Agreement Jul -19 Formal Awards Letters for NPLH Funding To Be Issued Jul -19 Initial Planning Submittal Jul -19 Sunshine Ordinance Meeting Jan -20 Planning Commission Meeting (ministerial approval of density bonus) Feb -20 City Council Meeting (ministerial approval of density bonus) Feb -20 Begin Construction Docs Aug -20 Approval of Grading Plans Mar -20 Begin Construction (Grading, Weather Permitting) Mar -21 Completion of Construction Page 3 of 4 19D-17 Habitat for Humanity- 416 Vance Street & 826 N. Lacy Street Jul -19 DDA signed Aug -19 Prepare Grading Plans Aug -19 Land Conveyance Sep -19 Submit Grading/Improvements Sep -19 Prepare Architectural Plans Nov -19 Submit Architectural Plans Dec -19 Grading Permit Issued Jan -20 Commence Grading Feb -20 Building Permits Issued Feb -20 Begin Construction Jan -21 Anticipated Construction Completion Jan -21 Certificate of Occupancy/ Closings Page 3 of 4 19D-17 EXHIBIT 3 Santa Ana United Methodist @hutch "Legacy Square" {609 North Spurgeon Street) Aug -18 Santa Ana CDA Funding Application Dec -18 Apply for NPLH and SNHP Funds Jan -19 Santa Ana Funding Award Feb -19 Planning Entitlements Approved Feb -19 AHSC Funding Application May -19 Award of SNHP Funds Jun -19 AHSC Funding Award Aug -19 Apply for 4% tax credits Aug -19 Apply for Tax -Exempt Bonds Sep -19 Construction Drawings (8-12 weeks) Oct -19 Award of 4% tax credits Oct -19 Award of Tax -Exempt Bonds Dec -19 Plan Check (12-16 weeks) Jan -20 Building Permit Issuance Apr -20 Construction Closing/Syndication Apr -20 Begin Construction (18 months) Oct -21 Construction Complete Dec -21 100% Fully Leased (2 months) Page 4 of 4 19D-18 Tiny Tim Plaza - 2223 W. 5th St Dec -16 Developer Submitted Request for Funds to CDA Jun -17 Awarded City and Housing Successor Agency Funds Jan -18 Planning Entitlements Approved Jul -18 Submittal of 9% Low -Income Housing Tax Credit Application Oct -18 Award of 9% Low -Income Housing Tax Credits May -19 Anticipated Close of Escrow May -19 Anticipated Construction Initiated Page 4 of 4 19D-18