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HomeMy WebLinkAbout19F - HOUSING DIV REPORTREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: AUGUST 20, 2019 TITLE: RECEIVE AND FILE QUARTERLY REPORT FOR HOUSING DIVISION PROJECTS AND ACTIVITIES APRIL 2019 — JUNE 2019 (STRATEGIC PLAN NO. 5, 3C) RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 18t 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 April 2019 — June 2019. COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION At its regular meeting on July 24, 2019, by a vote of 7:0 (Urzua and Garcia absent) the Community Redevelopment and Housing Commission approved the recommended action. DISCUSSION This report for the quarter ending on June 30, 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 accepted 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. 19F-1 Quarterly Report for Housing Division August 20, 2019 Page 2 Table 1: Applications Sent Out, Received & Approved Program Inquiries Applications Sent Out Applications Received Applications A proved Q4 Total FY Q4 Total FY Q4 Total FY Q4 Total FY Single -Family Rehabilitation 0 70 1 94 3 12 0 1 Mobile Home Rehabilitation 0 7 0 5 1 2 0 1 Multi -Family Rehabilitation 0 1 0 0 0 0 0 0 Historic Home Restoration 0 1 0 1 0 0 0 0 Homeownership / DPAP 0 54 71 246 1 10 0 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 interview process for the vacant Residential Construction Specialist position has been completed and a conditional offer of employment has been extended. It is anticipated that the position will be filled this quarter. Rehabilitation Loan Underwriting and Approval Progress During this quarter, zero (0) home rehabilitation loans were funded due to the program being on hold. 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. During this quarter, the rehabilitation of two (2) single-family homes and two (2) mobile homes was 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 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. 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 19F-2 Quarterly Report for Housing Division August 20, 2019 Page 3 updated program requires the buyer must be a current resident of Santa Ana and/or work in Santa Ana at least 32 hours 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 70 people attended. Univision also featured the City of Santa Ana's Down Payment Assistant Program in a news report in June. In addition, one (1) inclusionary housing purchase application at City Ventures was received and is still undergoing review. 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 $136,856,258. This is comprised of 415 loans of which 391 are deferred or residual receipt payment loans. As shown in Table 2, the loan portfolio generated $122,352 in payments of principal and interest during this quarter. Table 2: Portfolio Revenue Funding Source HOME CDBG Redevelopment NSP CalHOME Loan Payoffs $0 $0 $18,046 $6,144 $0 Residual Receipts Payments $11,957 $6,663 $35,839 $4,892 $0 Amortized Loan Payments $3,870 $5,583 $19,360 $0 $0 Total For Q3 $15,827 $12,246 $73,245 $11,036 $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, 76 owner -occupancy recertification letters were mailed and 52 were returned and processed. Staff also conducted building code compliance inspections for 125 units on fourteen (14) properties. 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. 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 Authority. Exhibit 1 provides a summary of the funds available as of the end of May 31, 2019. The reconciliation of available funds as of the end of the fourth quarter is not yet complete as of the date of this report. Exhibit 2 provides a summary of available land assets. 19F-3 Quarterly Report for Housing Division August 20, 2019 Page 4 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 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 $17,872,871 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. Affordable Housing Units under Construction /Pre -Construction with In -Lieu Fees: A total of 203 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 $1.3 million loan 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 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 June 30, 2019. 19F-4 Quarterly Report for Housing Division August 20, 2019 Page 5 Request for Proposals — RFP #18-056 and RFP #19-063 for Affordable Housing Development The process for the prior year RFP for Affordable Housing Development (#18-056) has been completed. At the May 22, 2019 Community Redevelopment and Housing Commission meeting, the Commission recommended the approval of a pre -loan commitment and 99-year ground -lease with the Related Companies of California for the development of the Housing Authority land asset at 1126 & 1146 E. Washington Avenue. Following approval by the Housing Commission, the City Council / Housing Authority approved the project award on July 2, 2019. The County Board of Supervisors approved a ground lease for the County's adjacent parcel of land on July 16, 2019. The City of Santa Ana and the Housing Authority of the City of Santa Ana issued a new Request for Proposals (RFP # 19-063) on July 8, 2019 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. One land asset owned by the Housing Authority of the City of Santa Ana is also available for development under the RFP. Additional information regarding the RFP is available on the City of Santa Ana's website and PlanetBids. PROJECTS UNDER DEVELOPMENT There are five (5) affordable housing developments under construction and five (5) affordable housing projects in pre -development. Below are brief summaries for the ten (10) 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: Presently the contractor is working on the interior building wall finishes, cabinets, finish plumbing and electrical, and exterior landscaping. Construction is approximately 75% complete and is anticipated to be complete by the end of September 2019. Applications were made available July 15 and all applications received by August 5 will be entered into a random drawing. A Nixie was issued by the City on July 15 to market the opening of the project's application period. City staff will audit the waiting list to verify the local preference for Santa Ana residents is implemented prior to the drawing. 19F-5 Quarterly Report for Housing Division August 20, 2019 Page 6 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 Investment Partnership Program (HOME) ($2,627,631), Community Development Block Grant (CDBG) ($500,000) • Update: The contractor is currently engaged in rough top -out plumbing, mechanical, electrical installation and production drywall. Construction is 65% complete and anticipated to be complete at the end of October 2019 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 scheduled for July and August, and the applications will be due in September through October. There are currently 339 applicants on the list of interested parties. City staff has reviewed their process for implementing Santa Ana's local preference and will audit the waiting list to verify the local preference for Santa Ana residents is properly implemented. 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, HOME-CHDO ($352,963) • Update: All building foundations are in place. Rough framing and plumbing are in progress. The project is approximately 16% complete and remains on the targeted schedule. The estimated completion date is January 2020. 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 (PBVs) • Update: The developer closed on their financing in April. A ground -breaking ceremony will be held on July 22, 2019. The contractor has commenced with the demolition of the existing motel building and site preparations. 19F-6 Quarterly Report for Housing Division August 20, 2019 Page 7 Tiny Tim Plaza (2223 West 5fh Street) • Developer: Community Development Partners • Description: New construction of an affordable multifamily apartment complex consisting of 50 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 the Loan Documents for the project on April 16, 2019. Following this approval, CDP closed on their financing on May 2. A ground breaking ceremony is scheduled for July 24, 2019. The contractor has commenced with the demolition of the existing buildings and site preparations. Projects in Pre -Development 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, and 1 manager's unit. • City Funds: Housing Successor Agency ($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 has revised their plans to increase the number of units from 12 to 17, which includes one market rate manager's unit and four additional affordable units. The level of affordability is still to be determined pending a financial analysis. The project was awarded $3,382,388 in No Place Like Home (NPLH) funds in partnership with the County of Orange. The developer is preparing to submit their development application to the City in August for site plan review. Public outreach will begin after the formal submittal. 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 homeownership 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: The developer is pursuing an opportunity to increase density on the project by providing one additional single-family detached home on the site for a total of three homes instead of two. North Harbor Village (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: Eight -nine (89) HUD-VASH PBVs and CDBG ($1,687,047) 19F-7 Quarterly Report for Housing Division August 20, 2019 Page 8 • Update: The project received an Affordable Housing Program award of $890,000 from the Federal Home Loan Bank of San Francisco on June 26. Due to not receiving other expected sources of financing on the project, the developer was unable to apply for the second round 9% low-income housing tax credits due on July 1. Developer is pursuing an alternative financing scenario by applying for the Multifamily Housing Program (MHP) and/or Veterans Housing and Homelessness Prevention (VHHP) Program funds which are due in August and October respectively, in combination with 4% tax credits at a later date. Legacy Square (609 North Spurgeon 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% AM] 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: The project was not awarded $20 million in Affordable Housing Sustainable Communities (AHSC) funding it had been seeking due to extraordinary competition during this last AHSC round. Developer is pursuing an alternative financing scenario by applying for Multifamily Housing Program (MHP) funds on August 20. However, the project was awarded a total of $6,013,134 for sixteen (16) No Place Like Home (NPLH) units including $3,135,262 for capital and $2,887,872 for the capitalized operating subsidy reserve. The NPLH funding will provide additional leverage for a competitive MHP application. 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. 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 19F-8 EXHIBIT 1 Exhibit 1 Available Funds for Affordable Housing Development Projects As of May 31, 2019 Housing Successor Agency (Housing Authority) $1,614,876 Cash on Hand ($85,227) First Street Apartments Loan' ($126,134) First Street Apartments Project Costs ($1,069,947) Frances Xavier Residence Project Pre -Commitment Loan 2 ($250,000) Administrative Costs Allowance 3 $83,568 Available Funds Inclusionary Housing Funds $8,810,994 Cash on Hand ($343,711) Santa Ana Arts Collective Project Costs 4 ($320,000) Down Payment Assistance Program 5 ($761,806) Interim Emergency Homeless Shelter Agreement 6 ($3,170,547) Legacy Square Project Pre -Commitment Loan 7 ($231,494) Lacy Street Project Pre -Commitment Loan 5 ($61,045) Tiny Tim Plaza Project Costs 9 ($629,605) Administrative Costs Allowance (CDA/PBA) $3,292,785 Available Funds 10 HOME Program $3,360,180 Funds to Drawdown $3,360,180 Available Funds to Drawdown CDBG Program (Acquisition/Rehabilitation Projects Only) $1,687,047 Funds to Drawdown ($1,687,047) North Harbor Village Project Pre -Commitment Loan 5 $0 Available Funds to Drawdown NSP Program (Abandoned, Foreclosed or Vacant Properties Only) $1,324,168 Funds to Drawdown ($330,982) Administrative Costs Allowance $993,186 Available Funds to Drawdown Rental Rehabilitation Grant Program $381,923 Cash on Hand" $381,923 Available Funds $8,111,643 Total Available Funds ' Approved by Housthg Authority m January 16.2018. 90%of ben paid on March 13. 2018; 10% remaining Who paid upon completion of comtmction. ' Approved by Housing Authority on January 15.2019. ° The Housing Successor Agency relies on available cash to fund the moniti and compliance functions related to Me former Redevelopment Agencys housing bans. ° peeled mats ony,$4.8M In bans approved by City Council paid on July 26,2017. ° $400,000 originally approved by City Council on March 6, 2018. Two loans paid through end of March 2019. ° Approved by City Council on September 18,2018. Agreement wi9M Mercy House Living Centers. Inc. Only Orsl year commitment reflected! here. ' Approvetl by Cry Ccum, W..sing Authority on January 15, 2019. ° Approved by City CounclMouang Authority on March 5, 2019, ° Ned msb only $6.OM In loans appeared! by City CwncJMousing Authority and paid on May 2. 2019. 10 $2.428,300 of the amount may be neededfor the second year commitment of the LWK Shelter, if other anticipated revenue sources are not avallable. Old no,monlacoma available afar dose outof progra.Wm HUD. 19F-9 19F-10 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. 19F-11 19F-12 EXHIBIT 3 Current Affordable Housing Development Project Timelines Projects under Construction First Street Apartments -1440 E. First 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 Sept-19 Anticipated Construction Completion anta Ana Arts Gdllective -1666 N. Main st ueded HOME/CDBG Funds 7Jun-15RFP tted Application for AHSC (Cap &Trade Funds) ed AHSC (Cap & Trade) Funds w-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 Oct-19 Revised Project Completion Date * (Foundation/Building Seismic Adjustments) Santa Ana Veterans Village - 83121N. 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 Feb-20 Anticipated Construction Completion Page 1 of 4 19F-13 EXHIBIT 3 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 of4%Low-income Housing Tax Credits Apr-19 Close of Escrow June-19 Construction Initiated Tiny Tm 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 June-19 Anticipated Construction Initiated Projects in Pre -Development North Harbor Village Permanent Supportive Housing (Fo'ly 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 (AmountTBD) Jun-19 Arch. Review Comments Received from City Jun-19 CEQA/NEPA Approval — City of Santa Ana Jun-19 Receive AHAP Contrail Jun-19 AHP Award Date Jul-19 Resubmit Plans for 2"dArchitectural Review Jul-19 TCACApplication —2"dRound 2019 Jul-19 Apply for OCCF Financing (If Necessary) Page 2 of 4 19F-14 EXHIBIT 3 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 Feb-20 Start of Construction Feb-20 Construction Complete Feb-20 Start of Lease Up Jun-20 I 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 Aug-19 Initial Planning Submittal Sept-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 19F-15 EXHIBIT 3 Santa Aug-18 Ana United'Methodist Church "Legacy Square" (609 Forth Spurgeon Street) 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 of4%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) Habitat far Humanity - 416 Vance Street & 826 N. Laey Street Jul-19 DDAsigned 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 4 of 4 19F-16