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Quarterly Report for Housing Division Projects and Activities September 7, 2021 Page 5 issued on June 22, 2021. Retail renovations are complete, with final signage in progress. The project is now 100% leased. Projects under Construction Legacy Square (609 North Spurgeon Street) Developer National Community Renaissance with Mercy House as the service provider New construction of a 100% affordable multifamily apartment complex Description consisting of 92 units of rental housing and one (1) unit. All units omanager's will be affordable to households earning less than 60 /o AMI of which 33 units will be set -aside for permanent supportive housing. Authority Funds Eight (8) Project -Based Vouchers (PBVs) Update Construction is currently ongoing and on July 8, 2021 a Groundbreaking Ceremony was celebrated. The estimated completion date is February 2023. North Harbor Villa e 1108 North Harbor Boulevard Developer Jamboree Housing Corporation Description Acquisition and rehabilitation of a former motel yielding 89 units of permanent supportive housing. City / Authority CDBG ($1,687,047); Eight -nine (89) PBVs consisting of 34 HUD-VASH PBVs Funds and 55 non HUD-VASH PBVs. The developer closed on their construction financing on April 1, 2021 Update Construction is currently ongoing. The estimated completion date is October 2022. Projects in Pre -Development Crossroads at Washington 1126 and 1146 East 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 multifamily apartment complex Description consisting of 85 units of rental housing and one (1)manager's unit. All units will be affordable to households earning less than 30 /o 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 ($963,951), sixty-five (65) year ground lease Funds agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136 The Developer was successfully awarded Orange County Housing Finance Trust funds in May 2021. The Developer continues to work with the City, Update County, and the California Department of Toxic Substances Control (DTSC) on supplemental environmental investigations. The City, County, and DTSC are expected to enter into a Standard Voluntary Agreement for further agency oversight. City Council 15 — 5 9/7/2021