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Home My WebLink About19D - RECEIVE AND FILE QRTLY PROJECTSREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: DECEMBER 1, 2020 CLERK OF COUNCIL USE ONLY: TITLE: APPROVED ❑ As Recommended RECEIVE AND FILE QUARTERLY El Amended REPORT FOR HOUSING DIVISION ❑ Ordinance on 1 Reading ❑ Ordinance on 2nd Reading PROJECTS AND ACTIVITIES FOR THE ❑ Implementing Resolution PERIOD OF JULY 2020-SEPTEMBER 2020 ❑ Set Public Hearing For_ CONTINUED TO /s/ Kristine Ridge FILE NUMBER CITY MANAGER RECOMMENDED ACTION Receive and file the Quarterly Report for Housing Division Projects and Activities for the period of July 2020 through September 2020. COMMUNITY DEVELOPMENT COMMISSION ACTION All commission meetings were canceled for July 2020 through November 2020 due to the COVID- 19 emergency. DISCUSSION This report, for the quarter ending on September 30, 2020, 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 December 1, 2020 Page 2 Table 1: Applications Sent Out, Received, and Approved Program Inquiries Applications Sent Out Applications Received Applications Approved Q1 Total FY Q1 Total FY Q1 Total FY Q1 Total FY Single -Family Rehabilitation 27 27 27 27 0 0 0 0 Mobile Home Rehabilitation 15 15 15 15 0 0 0 0 Multi -Family Rehabilitation 0 0 0 0 0 0 0 0 Historic Home Restoration 0 0 0 0 0 0 0 0 Homeownership / DPAP 19 19 19 19 3 3 1 1 Subordinations 8 8 0 0 8 8 8 8 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. Due to the Coronavirus (COVID- 19), application processing for the Down Payment Assistance Program, Single -Family and Mobile Home Rehabilitation Program were put on hold during the first quarter. There are currently nine applications for the Single -Family Rehabilitation Program and four applications for the Mobile Home Rehabilitation Program. Homeowners who have second liens with the City of Santa Ana have been interested in refinancing their first lien mortgage to take advantage of the low interest rates. When the first lien is refinanced, it is necessary for the City to subordinate its second lien. During the first quarter, eight requests for subordination were received, approved, and processed. Rehabilitation Loan Underwriting and Approval Progress During this quarter, one mobile home rehabilitation loan was funded. Rehabilitation Program Construction Progress 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, two mobile homes were under construction and no rehabilitation of single-family homes or mobile homes were completed. Down Payment Assistance Loan Program (DPAP) 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). During this quarter, staff conducted three down payment assistance virtual workshops via Zoom with 58 attendees. One down payment assistance loan closed escrow. Three down payment assistance applications were received and one application was approved. One Habitat for Humanity purchase loan was also approved. 19 D-2 Quarterly Report for Housing Division December 1, 2020 Page 3 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 the first quarter, the principal balance was $136,764,166. This is comprised of 368 loans, of which 344 are deferred or residual receipt payment loans. As shown in Table 2, the loan portfolio generated $24,363 in payments of principal and interest during the first quarter. The amount of residual receipts payments changes every quarter. Table 2: Portfolio Revenue Funding Source HOME CDBG Redevelopment NSP CalHOME Loan Payoffs $0 $74,108 $0 $10,150 $10,000 Residual Receipts Payments $0 $0 $0 $0 $0 Amortized Loan Payments $2,521 $6,371 $15,471 $0 $0 Total for Q3 $2,521 $80,479 $15,471 $10,150 $10,000 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, 26 owner -occupancy recertification letters were mailed and 22 were returned and processed. This number includes letters sent from previous months. On -site compliance monitoring of the tenant files was not conducted this quarter due to COVI D-19. HUD has temporarily waived the requirement for ongoing periodic inspections of HOME -assisted rental housing through December 31, 2020. Prior to all inspections being put on -hold due to COVID-19, staff conducted building code compliance inspections for 113 units on seven properties, which represents a sampling of 36% of the total units in the 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 September 30, 2020. Exhibit 2 provides a summary of available land assets. Housing Opportunity Ordinance 19 D-3 Quarterly Report for Housing Division December 1, 2020 Page 4 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 Regulatory agreements have been signed with two market -rate developments that will build 30 additional rental units on -site affordable to very -low income households. 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 $20,587,325 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 13 projects that opted to pay the in -lieu fee instead of building units on -site. If those 13 projects had instead built the inclusionary housing units on -site, a total of 500 affordable housing units would have been created. In -lieu fees generated have been used to develop new affordable housing opportunities, provide emergency shelter, and create homeownership opportunities. Below is a summary of how in -lieu fees have been used by the City. Project Inclusionary Housing # of Units Address Funds Spent Santa Ana Arts $ 4,775,000 57 1666 N. Main Street Collective Tiny Tim Plaza $ 1,300,000 50 2239 West 5th Street The Link Interim $ 4,140,295 N/A 2320 S Redhill Emergency Shelter Avenue TOTAL $ 10,215,295 107 19 D-4 Quarterly Report for Housing Division December 1, 2020 Page 5 Project Inclusionary Housing # of Units Address Funds Committed Legacy Square $ 3,170,547 92 609 North Spurgeon Street Habitat for Humanity "Lacy $ 231,494 2 416 Vance Street & & Vance" 826 N. Lacy Street Westview House $ 1,514,113 84 2530 and 2534 Westminster Avenue WISE Place Steps to Independence Public $ 90,000 N/A N/A Service Program Down Payment $ 280,000 N/A N/A Assistance TOTAL $ 5,286,154 178 Affordable Housing Development Projects There are two affordable housing developments under construction and six affordable housing projects in pre -development. An existing affordable housing development (Cornerstone Apartments) is also being rehabilitated. Below are brief summaries for two recently completed projects, eight projects under construction / pre -development, and the project under rehabilitation. Exhibit 3 provides a development timeline for the larger development projects. Projects Completed Santa Ana Arts Collective (1666 N. Main Street) Developer Meta Housing Corporation Acquisition, adaptive reuse and new construction project comprised of 57 Description affordable rental units designated for professional artists of all disciplines, and one manager's unit. Permanent supportive housing for 15 units will be funded by MHSA/SNHP funds from the County of Orange. Inclusionary Housing ($4,775,000), HOME Investment Partnership City Funds Program (HOME) ($2,627,631), Community Development Block Grant CDBG $500,000 The project received its certificate of occupancy on June 24. As of Update September 30, there are 52 units occupied and the building is anticipated to be fully leased by the end of November 2020. 19D-5 Quarterly Report for Housing Division December 1, 2020 Page 6 Heroes Landinq - formerly Santa Ana Veterans Villaqe (3312 W. First Street) Developer Jamboree Housing Corporation New construction of an affordable multi -family apartment complex Description consisting of 75 units of permanent supportive housing with wrap -around supportive services for HUD -Veterans Affairs Supportive Housing (VASH) eligible homeless veterans and one manager's unit. City Funds Seventy-five HUD-VASH Project -Based Vouchers, HOME-CHDO $477,345.90 Update Construction is complete and the project was fully leased in August. The ro.ect antici ates converting to permanent financing by November 30. Projects under Construction Aqua Housinq (317 E. 17th Street) Developer Community Development Partners with Mercy House as the service provider Acquisition, demolition and new construction of a former motel yielding 56 units of affordable permanent supportive housing with wrap -around Description supportive services for chronically homeless individuals and one manager's unit. 28 of the 56 units will be funded by MHSA/SNHP funds from the County of Orange. City Funds Fifty-six Project -Based Vouchers (PBVs) Construction is now approximately 88% complete with completion targeted by the end of December 2020. The rear residential building Update (segment C) is nearing completion. Awnings, stairs, and railings are being installed. Hardscape and landscape has started and the Faces of Santa Ana painted two murals. Safety measures are in place at the job site with PPE and social distancing being enforced for all workers. La Placita Cinco — formerly Tiny Tim Plaza (2239 West 5th Street) Developer Community Development Partners New construction of an affordable multi -family apartment complex Description consisting of 50 units of rental housing serving very -low and extremely -low income families, and one manager's unit. City Funds Inclusionary Housing ($1,300,000), Housing Successor Agency $4, 700, 000 The project is currently under construction, at 86% complete. The retail Update renovations are also under construction. Marketing and lease -up have begun, with the City's approval of Santa Ana live/work preference notations. All units are anticipated to be filled through the Santa Ana 19 D-6 Quarterly Report for Housing Division December 1, 2020 Page 7 live/work preference. The project anticipates completion and occupancy at the end of 2020. Projects in Pre -Development Crossroads at Washinqton (1126 and 1146 E. Washington Avenue) Developer Related Companies of California with A Community of Friends (ACOF) as co -developer and lead service provider New construction of a 100% affordable multi -family apartment complex Description p consisting of 85 units of rental housing and one manager's unit. All units will be affordable to households earning less than 30% AMI of which 43 units will be set -aside for permanent supportive housing. HOME Investment Partnerships Program ($3,007,489), Neighborhood City Funds Stabilization Program ($963,951), 65-year ground lease agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136 The Project received its entitlements on February 24, 2020. The Project received a formal commitment for 43 Project Based Vouchers from the Orange County Housing Authority on March 5, 2020. In February, the City and County approved the 65-year Ground Lease, Option Agreement for the Ground Lease, Joint Powers Agreement and Quitclaims associated with the JPA. The documents were approved by City Council on February 18, 2020. The Option Agreement was executed shortly afterwards. Following these approvals, the developer submitted a 9% Tax Credit application for the TCAC 9% Application 1 st Round on March 9 but did not receive an award. Update Developer submitted an FCAA 9/o Tax Credit application in July 2020 (Round 2). Funding awards for Round 2 will be announced at the next CTCAC Committee meeting which has been rescheduled to October 14, 2020. The Project is pursuing additional environmental assessments based on the conditions of the sites (City and County parcels) identified in the Phase I Environmental Site Assessment and the Phase II Environmental Site Assessment. Additional assessment is required to determine the extent of contamination and scope of future remediation activities. Changes to the project timeline are anticipated. FX Residences 801, 809, 809 % East Santa Ana Boulevard Developer HomeAid Orange County, Inc. with Mercy House as the service provider New construction of an affordable multi -family apartment complex Description consisting of 16 units of permanent supportive housing, and one manager's unit. Housing Successor Agency ($1,069,947), three HUD-VASH PBVs, 99-year City Funds ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of October 25, 2018: $788,000 19 D-7 Quarterly Report for Housing Division December 1, 2020 Page 8 The developer and Public Works staff are working to resolve design issues prior to resubmittal of the package. HomeAid Orange County is in ongoing Update communication with state HCD and CAL HFA. Both entities will coordinate the disbursement of capital funds to be used for the permanent financing of the project. In May 2020, HomeAid Orange County was awarded $1.1 M from the Orange County Housing Finance Trust for additional gap funding. 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. Inclusionary Housing ($231,494) and 99-year ground lease agreement for City Funds 416 Vance Street and 826 N. Lacy Street (Appraised Value as of October 25, 2018: $578,000 The developer is awaiting final approval of the architectural drawings from the Historic French Park Committee. The Neighborhood Review Application was submitted to city staff and upon its approval, developer is Update ready to submit grading / engineering plans for review. Developer is awaiting final documentation from SCE regarding the abandonment of the easement that currently exists between the two parcels. The Ground Lease Agreement and Inclusionary Grant Documents were approved at the November 17, 2020 City Council meeting. Legacy Square (609 North Spurgeon Street) Developer National Community Renaissance with Mercy House as the service provider New construction of a 100% affordable multi -family apartment complex Description p consisting of 92 units of rental housing and one 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 HUD-VASH PBVs The developer was awarded $25,431,865 in Affordable Housing and Sustainable Communities (AHSC) funding in June 2020. The developer Update applied for 4% tax credits and tax exempt bonds in June 2020. The developer was awarded a total of $6,013,134 for 16 No Place Like Home (NPLH) units - $3,135,262 for capital and $2,887,872 for the capitalized operating subsidy reserve. 19 D-8 Quarterly Report for Housing Division December 1, 2020 Page 9 North Harbor Villaqe (1108 N. Harbor) Developer Jamboree Housing Corporation New construction of a 100% affordable multi -family apartment complex Description consisting of 89 permanent supportive housing studio units for homeless veterans. City Funds Eight -nine HUD-VASH PBVs and CDBG ($1,687,047) Multi -family Housing Program (MHP) funding awards were announced in late December 2019 and the developer did not receive an MHP grant due to extraordinary competition across the state. The developer submitted an application to the Veterans Housing and Homelessness Prevention (VHHP) Program on February 13, 2020. The developer also resubmitted an MHP application on March 3, 2020 for the second round as an alternative financing strategy. This award was highly competitive and the developer did not receive MHP financing. Additionally, the developer applied on March 25, 2020 to the Orange County Housing Finance Trust fund for additional financing. On May 13, 2020, the developer received financing commitment Update for $2,292,920 from OCHFT. On June 10, 2020, the developer received a financing commitment for $10,000,000 from VHHP. On June 11, 2020, the developer applied for tax exempt bond financing through CDLAC totaling $24,000,000. This tax exempt bond financing will be used for the construction loan. On July 1, 2020, the developer applied for 4% competitive state and federal tax credits. Awards for these financing sources should be announced in July and September respectively. If awarded tax credits, construction would then likely begin early to late Q1 2021. Project received both tax-exempt bond and 4% competitive state and federal tax credits. Community meeting is scheduled for November4, 2020 to finalize design review approval. The consultant team kick-off meeting was held in September in preparation for closing in March 2021. Westview House (2530 Westminster Avenue) Developer Community Development Partners New construction of an affordable multi -family apartment development Description consisting of 85 units of both large family and PSH with one manager's unit. A total of 26 of the units will be funded by MHSA funds and the NPLH program. City Funds Inclusionary Housing ($1,514,113), HOME Investment Partnerships Program $2,003,705 and Rental Rehabilitation Program $386,523 The developer applied for the OC 2020 Supportive Housing NOFA MHSA Update funds and is currently in the underwriting process with the County of Orange. They have also been notified that the County Health Care Agency and OCCR will co-sponsor their competitive NPLH application in January 19 D-9 Quarterly Report for Housing Division December 1, 2020 Page 10 2021. The developer is in third plan check and anticipates full entitlements in January. Existing Projects under Rehabilitation Cornerstone Apartments (805. 810. 815. 816. 825. 835 and 904 S. Minnie Street) Developer Jamboree Housing Description Rehabilitation of a 126-unit affordable housing project originally built in 1961. City Funds HOME Investment Partnerships Program ($5,128,152) and Housing Successor Agency $2,054,327 in existing affordable housing loans. Ten existing HOME Program loans and thirty-three existing Housing Successor Agency loans were consolidated into two Amended and Restated Loan Agreements in order to enable the project to re -syndicate and resubordinate existing affordable housing loans to a new senior loan. Construction work started in October 2019 and is currently 59% complete. Update Exterior work is continuing as planned. Due to the circumstances of COVI D- 19 and the shelter in place order, interior work construction was temporarily halted in March 2020. Jamboree resumed interior work on June 29, 2020. Assuming there are no further delays, Jamboree anticipates construction completion by the end of October 2020. The project will then transition into stabilization and the permanent loan conversion. The Project anticipates converting to the permanent loan by February 1, 2021. FISCAL IMPACT There is no fiscal impact associated with this action. Submitted By: 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-10 Exhibit 1 Available Funds for Affordable Housing Development Projects As of September 30, 2020 Housing Successor Agency (Housing Authority) $3,617,971 Cash on Hand ($1,069,947) Frances Xavier Residence Project Pre -Commitment Loan' ($250,000) Administrative Costs Allowance 2 ($2,298,024) Administrative Costs Allowance for Future Fiscal Years' $0 Available Funds Inclusionary Housing Funds $6,854,810 Cash on Hand ($210,000) Down Payment Assistance Program 4 ($3,170,547) Legacy Square Project Pre -Commitment Loan' ($231,494) Lacy Street Project Pre -Commitment Loan 6 ($56,712) Tiny Tim Plaza Project Costs 7 ($1,514,113) Westview House Pre -Commitment Loan " ($90,000) WISEPlace Steps to Independence Program Agreement 9 ($1,467,867) Administrative Costs Allowance (CDA/PBA) $114,078 Available Funds HOME Program $6,887,743 Funds to Drawdown ($3,007,489) Crossroads at Washington Pre -Commitment Loan 10 ($2,003,705) Westview House Pre -Commitment Loan 6 $1,876,549 Available Funds to Drawdown CDBG Program (Acquisition/Rehabilitation Projects Only) $2,042,960 Funds to Drawdown ($1,687,047) North Harbor Village Project Pre -Commitment Loan " $355,913 Available Funds to Drawdown NSP Program (Abandoned, Foreclosed or Vacant Properties Only) $1,342,572 Funds to Drawdown ($963,951) Crossroads at Washington Pre -Commitment Loan '0 ($96,395) Crossroads at Washington Project Costs ($282,226) Transfer to CDBG in FY 20/21 $0 Available Funds to Drawdown Rental Rehabilitation Grant Program $391,251 Cash on Hand'2 ($386,523) Westview House Pre -Commitment Loan 6 $4,728 Available Funds $2,351,268 Total Available Funds Approved by Housing Authority on Jan uary 15,2019. x The Housing successor Agency relies on available ash rotund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans. ' Funds tobeset aside for compliance and monitoring requirements due to uncertainty of future repayment revenues c $400,000 originally approved by City Council on March 6,2018. Four loans paid through end of May 2020. Approved by City Council/Housing Authority on January 15, 2019. e Approved by City Council/Housing Authority on March 5, 2019. Project costs only; $6 OM In loans approved by Cry Council/Housing Authority and paid on May , 2019. e Approved by City Council on April ], 2020. e Approved by City Council on April ], 2020. 10 Approved by City Council on July 2, 201911 . Approved by City Council/Housing Authority on March 5, 2019. ' old program Income available after close out of program with HUD. 19D-11 WA 0011-y11llffi►a 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. 19D-12 :*:/:I Ly 11Ic3 Current Affordable Housing Development Project Timelines Projects Completed Santa Ana Arts Collective — 1666 N. Main St Jun 15 RFP Issued Nov 15 Approved HOME / CDGB Funds Mar 16 Submitted application for AHSC (Cap & Trade Funds) Sept 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 Jun 20 Construction completion Heroes Landing — 3312 W First St Dec 16 RFP issued for PBVs Apr 17 Approved HUD VASH PBVs Jun 17 Awarded HOM 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 Construction initiated Mar 20 Construction completion Projects Under Construction Aqua Housing — 317 E. 17th Street 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 Page 1 of 5 19D-13 :*:/:ILy111W Aug 18 Submittal of 4% Low -Income Housing Tax Credit Application Oct 18 Allocation of 4% Low -Income Housing Tax Credits Apr 19 Close of escrow Jun 19 Construction initiated Dec 20 Anticipated construction completion La Placita Cinco — 2223 W. 5th Street 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 Close of Escrow Jun 19 Construction initiated Dec 20 Anticipated construction completion Projects in Pre -Development The Crossroads at Washington — 1126 and 1146 E. Washington Avenue Aug 19 Submitted PSH application to County Oct 19 Submitted for Planning entitlements Oct 19 Community meeting Nov 19 Approval of Joint Powers Agreement, Option to Ground Lease, Voucher Resolution and Cooperation Agreement, and Regional Housing Needs Assessment (RHNA) Agreement and Density Bonus Dec 19 NEPA EA City Approval — City of Santa Ana submits NEPA EA to HUD Feb 20 PSH Funds and Voucher approval from County Board of Supervisors Feb 20 Planning entitlements approved Mar 20 TCAC 9% Application — 1st Round 2020 Jul 20 TCAC FCAA/9% Application — 2nd Round 2020 Oct 20 TCAC FCAA/9% Award — 2nd Round 2020 May 20 Assuming a 1st Round 2020 TCAC 9% Award Allocation, start design development drawings May 21 Submit for 1 st plan check Oct 21 City issues permit ready letter Oct 21 Construction loan closing Oct 21 Start construction Jan 23 Construction complete Jun 23 Full occupancy Page 2 of 5 19D-14 :*:/:ILy111Ic3 North Harbor Village — 1108 N. Harbor Mar 19 Start of design development Mar 19 Applied to FHLBSF for AHP Financing ($890,000) 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) Jun 19 CEQA / NEPA Approval — City of Santa Ana Jun 19 AHP Award Date ($890,000) Aug 20 Applied to HCD for MHP 1st Round Funding ($13,316,412) Dec 19 Notified project did not receive 1st Round MHP funding Feb 20 Applied to HCD for VHHP Funding ($10,000,000) Mar 20 Applied to HCD for MHP 2nd round funding Mar 20 Applied to OCHFT Financing ($2,292,920) May 20 Notified project did not receive 2st Round MHP funding May 20 Received OCHFT funding award ($2,292,920) Jun 20 Received VHHP funding award ($10,000,000) Jun 20 Submitted Plans for Ministerial Design Approval Jun 20 Applied for CDLAC tax exempt bond allocation ($24,000,000) Jul 20 Applied for TCAC 4% competitive state and federal tax credits ($9,896,911) Sept 20 CDLAC Allocation Nov 20 Ministerial Design Approval (upon completion of community meeting on 11 /4/2020) Oct 20 TCAC Allocation Oct 20 Start construction documents for rehab Nov 20 Submit first plan check Jan 20 Receipt of first plan check comments Jan 20 Submit second plan check Feb 21 Receipt of second plan check comments Feb 21 Submit third plan check Mar 21 Receipt of permit ready Mar 21 Construction loan closing Mar 21 Start of construction May 22 Construction complete Jan 22 Start of lease up Dec 22 Full occupancy Page 3 of 5 19D-15 W/:ILy111W FX Residences — 801, 809, 809'/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 21 Planning Commission Meeting (ministerial approval of density bonus) Feb 21 City Council Meeting (ministerial approval of density bonus) Mar 21 Submit for first plan check Jun 21 Building Permit Jul 21 Begin construction (grading, weather permitting) Jun 22 Completion of construction Habitat for Humanity — 416 Vance Street & 826 N. Lacy Street May 20 DDA signed June 20 Prepare grading plans Oct 20 Prepare architectural plans Oct 20 Submit Neighborhood Review Application Nov 20 Final Approval from Historic French Park Committee Dec 20 Submit grading/improvements Dec 20 Submit architectural plans Jan 21 Grading permit issued Feb 21 Commence Grading Feb 21 Building Permits issued Mar 21 Begin construction Feb 22 Anticipated construction completion Feb 22 Certificate of Occupancy / Closings Page 4 of 5 19D-16 W/:ILy111 IW Legacy Square — 609 North Spurgeon Street Aug 18 Santa Ana CDA Funding Application Dec 18 Applied for NPLH and SNHP Funds Jan 19 Santa Ana funding award Feb 19 Planning entitlements approved Feb 19 Applied for Round 4 AHSC Funding May 19 Award of SNHP funds Jul 19 Applied for Round 1 MHP Nov 19 Applied for State 4% tax credits Jan 20 Construction drawings (8-12 weeks) Feb 20 Apply for Round 5 AHSC funding May 20 Apply for 4% tax credits May 20 Plan check (12-16 weeks) Jun 20 Award of AHSC funds July 20 Award of 4% Tax Credits July 20 Award of Tax -Exempt Bonds May 20 Plan Check (12-16 weeks) Nov 20 Building permit issuance Dec 20 Construction closing/syndication Jan 21 Begin construction (24 months) Jan 23 Construction complete April 23 100% fully leased (2 months) Westview House — 2530 Westminster Avenue Oct 19 City of Santa Ana RFP submittal May 20 OC 2020 Supportive Housing NOFA Submittal Dec 20 City of Santa Ana PBV Award Dec 20 Construction/permanent debt commitments Jan 21 Receive Entitlements Jan 21 No Place Like Home application Jun 21 No Place Like Home commitment Aug 21 CDLAC/TCAC 4% application Oct 21 CDLAC/TCAC 4% award April 22 Construction permits issued April 22 Construction start Sept 23 Construction complete Dec 23 Lease -Up complete Page 5 of 5 19D-17