Agenda Packet_2022-11-15 - Laserfiche WebLink

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Housing Division Quarterly Report November 15, 2022 Page 9 Grading Plans were approved and Grading Permits were issued at the end of July 2022. A groundbreaking ceremony was held on Friday, August 26, 2022 and was attended by numerous members of the City Council and staff. Grading of the property was completed in August 2022. Building Plans were Update submitted for Plan Check in February 2022. Building Plans were approved and Building Permits were issued in July 2022. Foundation work was started in mid -September 2022. A Framing Day is scheduled for Friday, October 28, 2022. Following this framing day, the build site will open to regular scheduled volunteer build days Wednesday through Saturday through the duration of the build. Projects in Pre -Development FX Residences 801, 809, 809 % E 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 / Authority Housing Successor Agency ($1,656,947), three (3) PBVs, 99-year ground Funds lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, 2018: $788,000 Closing calls for current financers of the project began in July 2022. HomeAid and the predevelopment team for FX Residences will submit for a 2nd plan check on the building plans in early October. The Update street improvement and underground plans will be submitted at the end of October. HomeAid and Builder Captain City Ventures expect to pull permits the 1st Quarter of 2023 and break ground on the project early in the 2nd quarter of 2023. Completion of the project should be around the 3rd quarter of 2024 WISEPIace Permanent Supportive Housing (1411 N Broadway) Developer Jamboree Housing Corporation with WISEPIace as the co -developer and lead service provider Description Adaptive reuse and new construction of the WISEPIace building to provide 48 permanent supportive housing units, and one 1 manager's unit. City / Authority HOME -ARP ($5,256,327); Twenty-five (25) PBVs Funds The developer has obtained all of their soft funding commitments from the City of Santa Ana, Orange County Housing Finance Trust, and the County Update of Orange. The developer applied to TCAC for competitive 9% tax credits in June 2022. The project was officially awarded tax credits in September 2022. FISCAL IMPACT There is no fiscal impact associated with this action. EXHIBIT(S) 1. Available Funds for Affordable Housing Development Projects 2. Project Timelines City Council 8-9 11/15/2022