HomeMy WebLinkAboutItem 13 - Quarterly Report for Housing Division Community Development Agency
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Item # 13
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
February 2, 2021
TOPIC: Quarterly Report for Housing Division
AGENDA TITLE:
Receive and file Quarterly Report for Housing Division Projects and Activities for October
2020 – December 2020
RECOMMENDED ACTION
Receive and file the Quarterly Report for Housing Division Projects and Activities for the
period of October 2020 - December 2020.
DISCUSSION
This report for the quarter ending on December 31, 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.
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Table 1: Applications Sent Out, Received & Approved
Inquiries Applications
Sent Out
Applications
Received
Applications
ApprovedProgram
Q2 Total
FY Q2 Total
FY Q2 Total
FY Q2 Total
FY
Single-Family
Rehabilitation 7 24 5 22 0 0 0 0
Mobile Home
Rehabilitation 2 14 1 13 0 0 0 0
Multi-Family
Rehabilitation 0 0 0 0 0 0 0 0
Historic Home
Restoration 1 1 1 1 0 0 0 0
Homeownership / DPAP 12 26 8 20 2 5 2 3
Loan Subordinations 0 1 0 1 4 12 4 12
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 Single-Family and Mobile
Home Rehabilitation Program continue to be on hold during the second quarter. There
are currently nine (9) applications for the Single-Family Rehabilitation Program and four
(4) applications for the Mobile Home Rehabilitation Program on hold. Due to a reporting
issue during the first quarter, the number of inquiries and applications sent out appear
higher in the first quarter than the actual numbers in the second quarter. The year to date
data for the second quarter have been corrected to reflect the actual numbers from the
first quarter.
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 second quarter, four (4) requests for subordination were received, approved and
processed.
Rehabilitation Loan Underwriting and Approval Progress
During this quarter, no mobile home rehabilitation loans were funded due to the program
being on hold.
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
Quarterly Report for Housing Division
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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, construction on two (2) mobile homes was 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 two (2) down payment assistance virtual workshops via
Zoom with 25 attendees. Two (2) down payment assistance loans closed escrow. Two
(2) down payment assistance applications were received and two (2) applications were
approved.
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 second quarter, the principal balance
was $136,459,381. This is comprised of 364 loans of which 341 are deferred or residual
receipt payment loans. As shown in Table 2, the loan portfolio generated $38,129 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 Redevelopme
nt NSP CalHOME
Loan Payoffs $70,908 $0 $13,769 $35,640 $0
Residual Receipts
Payments $48,819 $0 $0 $0 $0
Amortized Loan Payments $3,290 $6,811 $18,028 $0 $10,000
Total for Q3 $123,017 $6,811 $31,797 $35,640 $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, 37 owner-
occupancy recertification letters were mailed and 31 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
COVID-19. The U.S. Department of Housing and Urban Development (HUD) has
temporarily waived the requirement for ongoing periodic inspections of HOME-assisted
rental housing through September 30, 2021.
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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 December
31, 2021. Exhibit 2 provides a summary of available land assets.
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
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 $21,510,125 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
Funds Spent # of Units Address
Santa Ana Arts
Collective $4,775,000 57 1666 N. Main Street
Tiny Tim Plaza $1,300,000 50 2239 West 5th Street
The Link Interim
Emergency Shelter $4,140,295 N/A 2320 S Redhill
Avenue
TOTAL $10,215,295 107
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Project
Inclusionary
Housing Funds
Committed
# of Units Address
Legacy Square $3,170,547 92 609 North Spurgeon
Street
Habitat for Humanity
“Lacy & Vance”$231,494 2 416 Vance Street &
826 N. Lacy Street
Westview House $1,514,113 84 2530 and 2534
Westminster Avenue
WISE Place Steps to
Independence Public
Service Program
$90,000 N/A N/A
Down Payment
Assistance $280,000 N/A N/A
TOTAL $5,286,154 178
Affordable Housing Development Projects
There is one (1) affordable housing development under construction and six (6) affordable
housing projects in pre-development. Below are brief summaries for two (2) recently
completed projects and the seven (7) projects under construction / pre-development.
Exhibit 3 provides a development timeline for the larger development projects.
Projects Completed
Casa Querencia - formerly Aqua Housing (317 E. 17th Street)
Developer Community Development Partners with Mercy House as the service
provider
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 one (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
Construction is 100% complete and achieved final building sign-off on
December 31, 2020. The first residents will begin moving into the
property on January 12, 2021. The project was rebranded from Aqua
Housing to Casa Querencia.
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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 one (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 project received its certificate of occupancy on June 24, 2020. The
building is now fully leased.
Projects under Construction
La Placita Cinco – formerly Tiny Tim Plaza (2239 West 5th 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 one (1) manager’s unit.
City Funds Inclusionary Housing ($1,300,000), Housing Successor Agency
($4,700,000)
Update
The project is currently under construction, at 86% complete. The
retail renovations are also under construction. Marketing and lease-up
have begun, with the city's approval of Santa Ana live/work
preference requirements in the leasing process. All units are
anticipated to be filled through the Santa Ana live/work preference.
Three press releases have been sent out to Santa Ana residents to
apply for residency. The project anticipates completion and
occupancy at the end of January 2021.
Projects in Pre-Development
Crossroads at Washington (1126 and 1146 E. Washington Avenue)
Developer Related Companies of California with A Community of Friends (ACOF)
as co-developer and lead service provider
Description
New construction of a 100% affordable multifamily apartment complex
consisting of 85 units of rental housing and one (1) 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.
City Funds
HOME Investment Partnerships Program ($3,007,489), Neighborhood
Stabilization Program ($963,951), sixty-five (65) year ground lease
agreement for 1126 and 1146 E. Washington Avenue (Appraised Value
as of September 22, 2019: $4,108,136)
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Update
The Project was awarded FCAA Tax Credits on October 14, 2020 and
reserved those credits on November 3, 2020. The Project pursued
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.
Subsequent to those investigations, the Developer prepared and
conducted additional assessment under the Site Assessment Work
Plan with voluntary environmental oversight supervision from the
Orange County Heath Care Agency (OCHCA). Following to the latest
investigations in September 2020, OCHCA determined that the
contamination warrants involvement of the California Department of
Toxic Substances Control (DTSC). OCHCA terminated its voluntary
oversight and requested a transfer of oversight with DTSC. Additional
assessment is required to determine the extent of contamination and
scope of future remediation activities. The Developer is working with
County and City staff to engage DTSC for voluntary oversight and
pursuing additional funding. Additional changes to the project timeline
are anticipated.
FX Residences (801, 809, 809 ½ East Santa Ana Boulevard)
Developer HomeAid Orange County, Inc. with Mercy House as the service
provider
Description
New construction of an affordable multifamily apartment complex
consisting of 16 units of permanent supportive housing, and one (1)
manager’s unit.
City Funds
Housing Successor Agency ($1,069,947), three (3) PBVs, 99-year
ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value
as of Oct 25, 2018: $788,000) [The 3 PBVs were changed from HUD-
VASH to non-HUD-VASH]
Update
HomeAid Orange County has formally requested for one additional
project-based voucher from the Santa Ana Housing Authority for a unit
that had been lost due to an Article 34 conflict between other funding
sources. The Housing Authority is currently reviewing the request.
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)
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Update
The developer has completed discussions with the Historic French
Park Committee. The Neighborhood Review Application was
submitted to city staff and corrections are being addressed. Site Plan
Review will be submitted in January 2021. Developer is awaiting final
documentation from Southern California Edison regarding the
abandonment of the easement that currently exists between the two
(2) parcels. The Ground Lease Agreement and Inclusionary Grant
Documents were approved by City Council on November 17, 2020,
and have been recorded.
Legacy Square (609 North Spurgeon Street)
Developer National Community Renaissance with Mercy House as the service
provider
Description
New construction of a 100% affordable multifamily apartment complex
consisting of 92 units of rental housing and one (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) PBVs [The 8 PBVs
were changed from HUD-VASH to non-HUD-VASH]
Update
On December 15, 2020, City Council approved the developer’s
$3,170,547 Loan Agreement and subordination agreement with Bank
of America as the Senior Lender. Subsequently, the COVID-19
Omnibus Relief Bill included a provision to create a permanent
minimum 4% low-income housing tax credit rate that allows the
developer to generate more tax credit equity. The developer has
revised their closing deadline based on this legislative change and is
expected to decline the City’s $3,170,547 in funding.
North Harbor Village (1108 N. Harbor)
Developer Jamboree Housing Corporation
Description Acquisition and rehabilitation of a former motel yielding 89 units of
permanent supportive housing.
City Funds Eight-nine (89) PBVs and CDBG ($1,687,047) [The 89 PBVs were
changed to 34 HUD-VASH PBVs and 55 non HUD-VASH PBVs]
Update
A consultant team kick-off meeting was held in September in
preparation for closing in March 2021. A community meeting was also
held November 4, 2020 to finalize design review approval. The
developer is currently working with City staff toward a closing deadline
of March 17, 2021. The COVID-19 Omnibus Relief Bill included a
provision to create a permanent minimum 4% low-income housing tax
credit rate that allows the developer to generate more tax credit equity
and the developer is currently evaluating if they will need the City’s
entire $1,687,047 in CDBG Program funds for the project.
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Westview House (2530 Westminster Avenue)
Developer Community Development Partners
Description
New construction of an affordable multifamily apartment development
consisting of 85 units of both large family and PSH with one (1)
manager’s unit. Twenty-six 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)
Update
The developer applied for the OC 2020 Supportive Housing NOFA
MHSA 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 on January 19th. The project will go before City Council on
January 19th for full entitlement approval. Staff are also recommending
approval of 26 Mainstream Program project-based vouchers for the
project on January 19th.
Regional Housing Needs Assessment
Housing projects that have been approved, permitted, or received a certificate of
occupancy after June 30, 2021 may be counted towards the 6th Regional Housing
Needs Assessment (RHNA) Cycle (October 2021 to October 2029). A total of 419 units
in projects that are completed or under construction will count towards the current
RHNA cycle:
Project Units
Santa Ana Arts Collective 57
Heroes’ Landing 75
Casa Querencia 56
La Placita Cinco 50
North Harbor Village 89
Legacy Square 92
TOTAL 419
A total of 188 units in projects in pre-development will count toward the upcoming
RHNA cycle (October 2021 through October 2029):
Project Units
Crossroads at Washington 85
Westview House 85
FX Residences 16
Habitat for Humanity 2
TOTAL 188
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FISCAL IMPACT
There is no fiscal impact associated with this action.
EXHIBIT(S)
1. Available Funds for Affordable Housing Development Projects
2. Available Land Assets for Affordable Housing Development
3. Project Timelines
Submitted By:
Steven Mendoza, Assistant City Manager
Approved By: Kristine Ridge, City Manager
Available Funds for Affordable Housing Development Projects
As of December 31, 2020
Housing Successor Agency (Housing Authority)
$3,553,860 Cash on Hand
($1,069,947)Frances Xavier Residence Project Pre-Commitment Loan 1
($250,000)Administrative Costs Allowance 2
($2,076,527)Administrative Costs Allowance for Future Fiscal Years 3
($157,386)Crossroads at Washington Option Agreement Amendment
$0 Available Funds
Inclusionary Housing Funds
$7,663,794 Cash on Hand
($210,000)Down Payment Assistance Program 5
($3,170,547)Legacy Square Project Loan 6
($231,494)Lacy Street Project Pre-Commitment Loan 7
($56,712)Tiny Tim Plaza Project Costs 8
($1,514,113)Westview House Pre-Commitment Loan 9
($81,187)WISEPlace Steps to Independence Program Agreement 10
($2,144,269)Administrative Costs Allowance (CDA/PBA)
$255,473 Available Funds
HOME Program
$6,956,502 Funds to Drawdown
($3,007,489)Crossroads at Washington Pre-Commitment Loan 11
($2,003,705)Westview House Pre-Commitment Loan 9
$1,945,308 Available Funds to Drawdown
CDBG Program (Acquisition/Rehabilitation Projects Only)
$2,073,402 Funds to Drawdown
($1,687,047)North Harbor Village Project Pre-Commitment Loan 12
$386,355 Available Funds to Drawdown
NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
$1,353,885 Funds to Drawdown
($963,951)Crossroads at Washington Pre-Commitment Loan 11
($96,395)Crossroads at Washington Project Costs
($293,539)Transfer to CDBG in FY 20/21
$0 Available Funds to Drawdown
Rental Rehabilitation Grant Program
$392,333 Cash on Hand
13
($386,523)Westview House Pre-Commitment Loan 8
$5,810 Available Funds
$2,592,946 Total Available Funds
1 Approved by Housing Authority on January 15, 2019.
2 The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans.
3 Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues.
4 Approved by Housing Authority on December 15, 2020.
5 $400,000 originally approved by City Council on March 6, 2018. Four loans paid through end of May 2020.
6 Approved by City Council on December 15, 2020.
7 Approved by City Council/Housing Authority on March 5, 2019.
8 Project costs only; $6.0M in loans approved by City Council/Housing Authority and paid on May 2, 2019.
9 Approved by City Council on April 7, 2020.
10 Approved by City Council on April 7, 2020.
11 Approved by City Council on July 2, 2019.
12 Approved by City Council/Housing Authority on March 5, 2019.
13 Old program income available after close out of program with HUD.
Exhibit 1
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.
EXHIBIT 3
Page 1 of 5
Current Affordable Housing Development Project Timelines
Projects Completed
Casa Querencia – formerly 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
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
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
Projects Under Construction
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
Jan 21 Anticipated construction completion
EXHIBIT 3
Page 2 of 5
Projects in Pre-Development
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
Dec 21 Submit for 1st plan check
May 22 City issues permit ready letter
May 22 Start construction
Dec 23 Construction complete
Apr 24 Full occupancy
FX Residences – 801, 809, 809 ½ 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
Feb 21 Planning Commission Meeting (ministerial approval of density bonus)
Mar 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
EXHIBIT 3
Page 3 of 5
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
Jan 21 Submit Site Review Application
Mar 21 Submit grading/improvements
Mar 21 Submit architectural plans
May21 Grading permit issued
Jun 21 Commence Grading
Jun 21 Building Permits issued
Jul 21 Begin construction
Jun 22 Anticipated construction completion
Jun 22 Certificate of Occupancy / Closings
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)
Jan 21 Building permit issuance
Feb 21 Construction closing/syndication
Feb 21 Begin construction (24 months)
Feb 23 Construction complete
June 23 100% fully leased (2 months)
EXHIBIT 3
Page 4 of 5
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
Dec 20 Awarded Home Depot Grant
Jan 21 Receipt of first plan check comments
Jan 21 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
EXHIBIT 3
Page 5 of 5
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