Item 36 - Fiscal Year 21-22 Request for Proposals for Affordable Housing

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Program funds. The RFP will also include over $10 million in Inclusionary Housing Funds, $3 million in HOME Program funds, and twenty-five project-based vouchers to be used as additional local resources for the proposed project(s). The Request for Proposals will be announced through notices to the following parties: • Interested Developers and Nonprofit Organizations on the Housing Division’s RFP Process Database. o Developers and Nonprofit Organizations interested in being added to the RFP Process Database can do so by contacting the City’s Housing Division at any time. • Other affordable housing membership association resources (e.g. Southern California Association of Nonprofit Housing, Kennedy Commission, 2-1-1 OC) • Public Notice in the local newspaper • Published on www.Planetbids.com A Qualified Developer (an “Applicant”) shall complete and submit to the Housing Division the Proposal for HOME-ARP funds and prepare all required attachments and exhibits, including, but not limited to, the project proforma, budget, sources and uses, project management plan, tenant selection and marketing plan, relocation plan (if applicable), signed purchase agreement and escrow instructions, preliminary title report, and limited partnership documents (if applicable). After the deadline for the RFP, the Housing Division staff shall review the proposal(s) to determine that the minimum program and RFP requirements are met (minimum threshold review) and the proposal(s) is eligible under CPD Notice 21-10. Proposals that do not meet the minimum threshold review will be considered non-responsive. If the proposal(s) meets the minimum threshold review, the Housing Division will form a Review Panel. The Review Panel for the RFP will consist of at least one employee from the City’s Public Works Agency, Planning and Building Agency, and Community Development Agency and one outside agency or government-entity. If an employee is not available in one department, a second employee may be requested from one of the other two departments so long as there are at least two of the three City Agencies represented on the Review Panel. Using the scoring and selection criteria provided in the RFP, the Review Panel shall determine whether the proposal(s) is recommended for a pre-loan commitment, with or without conditions, of HOME-ARP Program funds. Including the scoring and selection criteria, the Review Panel shall review the design of the proposed project for appropriateness for the proposed target group, compatibility with surrounding uses, cost effectiveness of construction, and appropriateness of the design and construction for low maintenance and long term durability. Proposed projects must receive a minimum threshold score of 75 points to move forward with the proposal review process. If the Review Panel determines, in its discretion, that the proposal(s) may be recommended for approval, the Housing Division shall request a underwriting and subsidy layering review EXHIBIT 2