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Request for Qualifications for Affordable Housing <br />Financial Analytical and Advisory Services <br />controls. KMA recommended that the City market the project to housing developers <br />that could acquire and rehabilitate the property to modern standards using LIHTCs and <br />tax exempt multifamily bond financing. KMA evaluated the purchase offers,- <br />recommended <br />ffers;recommended income and affordability requirements to maximize outside leveraging <br />sources; and compared the financial terms and structure of the purchase offers. The <br />sale and financing was completed in 2010, <br />KMA Work Completed: 2010 <br />Contact Person: Kellee Fritzal, Deputy Director, <br />Office of Business Development <br />Telephone Number: 714.374.1519 <br />Email: kfhtzalosurfcw -hb orgorg <br />City of Orange / Santa Ines Villas and I enaon Grove Apartments <br />I<MA prepared a HOME layering analysis for the proposed 42 -unit Santa Ines Villas <br />senior citizen apartment project. The I(MA analysis was performed in accordance with <br />the HOME final rule, and it included an evaluation of the developer's cost projections; <br />rent and operating expense estimates; and the proposed funding sources. The proposed <br />funding sources included conventional financing, 9% LIHTCs, and MRSA funds. IMA <br />quantified the amount of HOME funds required to ensure the affordability of the <br />project, and reviewed and evaluated the financial wherewithal of the developer to <br />undertake the proposed project. <br />KMA prepared a HOME layering analysis and SB 341 analysis for the proposed 82 -unit <br />Lemon Grove Apartments project. The project is proposed to be financed with tax- <br />exempt multifamily bonds/4% LIHTCs, Bank of America subordinate debt, a deferred <br />Developer Fee, Set -Aside funds and HOME CHDO Funds. <br />KMA Work Completed: 2013 and 2015 <br />Contact Person: Mary Ellen Laster, Senior Housing Manager <br />Telephone Number: 714.744.7211 <br />Email: mlaster®cityoforange.org <br />City of Santa Monica / Village Site <br />KMA assisted the City of Santa Monica In the developer selection and implementation <br />process for the development of affordable rental housing, market rate ownership <br />Keyser Marston Associates, Inc. Page 10 <br />