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Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 5 New construction of a 100% affordable multifamily apartment complex consisting of 85 units of rental housing and one manager’s unit. All units will Description 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 / Authority Stabilization Program ($1,297,693), sixty-five-year ground lease agreement Fundsfor 1126 and 1146 E Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136) Seven (7) Project-Based Vouchers (PBV’s). The Developer was successfully awarded Orange County Housing Finance Trust funds in May 2021. The Developer continues to work with the City, County, and the California Department of Toxic Substances Control (DTSC) on supplemental environmental investigations. The City, County, Update and DTSC entered into a Standard Voluntary Agreement for further agency oversight. DTSC is preparing the Cleanup Plan for the project. Once the Cleanup Plan is made available, environmental cleanup can begin. FX Residences (801, 809, 809 ½ East Santa Ana Boulevard) DeveloperHomeAid Orange County, Inc. with Mercy House as the service provider New construction of an affordable multifamily apartment complex consisting Description of 16 units of permanent supportive housing, and one (1) manager’s unit. Housing Successor Agency ($1,069,947), three (3) PBVs, 99-year ground City / Authority lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, Funds 2018: $788,000) HomeAid Orange County applied for $300,000 from Federal Home Loan Bank of San Francisco through their Affordable Housing Program (AHP) Loan Program at the beginning of March but the project was not awarded Updatethe AHP funds. Following this project setback, HomeAid Orange County is requesting additional financial support from the City of Santa Ana to close the financial gap of the project. HomeAid will be submitting the first set of Building permit drawings in early/mid October. Habitat for Humanity (416 Vance Street & 826 N Lacy Street) DeveloperHabitat for Humanity of Orange County New construction of two single-family detached homes for homeownership Description serving households up to 120% AMI. Inclusionary Housing ($565,271) and a 99-year ground lease agreement for City / Authority 416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, Funds 2018: $578,000) On April 6, 2021, City Council approved a First Amendment to the Conditional Grant Agreement with Habitat for Humanity of Orange County Updatefor an additional $333,777 in Inclusionary Housing Funds for a total Inclusionary Grant amount of $565,271 for the development of the project. The Developer’s Site Plan Review application was submitted in April 2021.