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Quarterly Report for Housing Division <br />October 6, 2020 <br />Page 8 <br />FX Residences (801, 809, 809 % East Santa Ana Boulevard) <br />Developer <br />HomeAid Orange County, Inc. with Mercy House as the service provider <br />New construction of an affordable multi -family apartment complex <br />Description <br />consisting of 16 units of permanent supportive housing, and 1 manager's <br />unit. <br />Housing Successor Agency ($1,069,947), three (3) HUD-VASH PBVs, 99- <br />City Funds <br />year ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value <br />as of Oct 25, 2018: $788,000 <br />The developer and Public Works staff are working to resolve design issues <br />prior to resubmittal of the package. HomeAid Orange County is in ongoing <br />Update <br />communication with state HCD and CAL HFA. Both entities will coordinate <br />the disbursement of capital funds to be used for the permanent financing of <br />the project. In May 2020, HomeAid Orange County was awarded $1.1 M <br />from the Orange County Housing Finance Trust for additional gap funding. <br />Habitat for Humanity (416 Vance Street & 826 N. Lacy Street) <br />Developer <br />Habitat for Humanity of Orange County <br />Description <br />New construction of two single-family detached homes for homeownership <br />serving households up to 120% AMI. <br />Inclusionary Housing ($231,494) and 99-year ground lease agreement for <br />City Funds <br />416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, <br />2018: $578,000 <br />The developer submitted architectural drawings to Jeff Dickman of the <br />Historic French Park Committee. They are currently under review by the <br />committee. The developer is currently finalizing the grading/engineering <br />plans and preparing for submittal. They are also working with SCE to <br />Update <br />abandon an easement that currently exists between the two parcels. After <br />they have substantial approval from the French Park Committee on the <br />architecture, the developer will enter the structural design phase and <br />complete the construction drawings for submittal. The Project and City are <br />working completion of the Ground Lease Agreement and Inclusionary Grant <br />Documents. <br />Leqacv Square (609 North Spurqeon Street) <br />Developer <br />National Community Renaissance with Mercy House as the service <br />provider <br />New construction of a 100% affordable multifamily apartment complex <br />Description <br />p <br />consisting of 92 units of rental housing and 1 manager's unit. All units will <br />be affordable to households earning less than 60% AMI of which 33 units <br />will be set -aside for permanent supportive housing. <br />City Funds <br />Inclusionary Housing ($3,170,547) and eight (8) HUD-VASH PBVs <br />19C-8 <br />