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Item 09 - Approve a Pre-Commitment of up to $920,000 in Inclusionary Housing Funds for Eligible Homebuyers to Purchase Nine (9) Existing Rental Units that will be coverted into Affordable Ownership Condominium Units Located at 425 E. Wellington Avenue
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Item 09 - Approve a Pre-Commitment of up to $920,000 in Inclusionary Housing Funds for Eligible Homebuyers to Purchase Nine (9) Existing Rental Units that will be coverted into Affordable Ownership Condominium Units Located at 425 E. Wellington Avenue
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6/25/2025 1:35:50 PM
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6/25/2025 1:35:29 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
09
Date
7/1/2025
Destruction Year
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EXHIBIT 2 <br /> MAYOR CITY MANAGER <br /> Valerie Amezcua Alvaro 1\10ez <br /> MAYOR PRO TEM b4i: T1L° CITY ATTORNEY <br /> Benjamin Vazquez --- - Sonia R.Carvalho <br /> COUNCILMEMBERS CITY CLERK <br /> Phil Bacerra — Jennifer L. Hall <br /> Johnathan Ryan Hernandez 9' - <br /> Jessie Lopez , <br /> David Penaloza <br /> Thai Viet Phan <br /> CITY OF SANTA ANA <br /> COMMUNITY DEVELOPMENT AGENCY <br /> 20 Civic Center Plaza—M25 <br /> Santa Ana,California 92702 <br /> www.santa-ana.orq <br /> July 1, 2025 <br /> Michael Valentine <br /> President & CEO <br /> Habitat for Humanity of Orange County, Inc. <br /> 2200 Ritchey Street <br /> Santa Ana, CA 92705 <br /> Re: Pre-Commitment Letter <br /> 425 E. Wellington Ave. <br /> Santa Ana, CA 92701 <br /> Dear Mr. Valentine, <br /> Habitat for Humanity of Orange County, Inc. (referred to as the "Developer"), requested <br /> financial assistance for eligible homebuyers to purchase nine (9) existing rental units <br /> that will be converted into affordable ownership condominium units ("Project"). The <br /> Project would be located at 425 East Wellington Avenue, Santa Ana, CA, 92701 (APN <br /> 398-028-12) ("Property"). <br /> The Project involves the conversion of an existing nine-unit apartment building into <br /> condominiums, which will be made available for homeownership to Low and Moderate- <br /> Income households earning less than 120% of the Area Median Income ("AMI") ("Low <br /> and Moderate-Income Households"). The existing building on the Property was <br /> rehabilitated in May 2024 and includes one two-bedroom unit and eight one-bedroom <br /> units, each with a single bathroom. All units are equipped with essential appliances: <br /> stoves, refrigerators and stacked washer/dryer units in the laundry space. Unit sizes <br /> range from 420 to 846 square feet. The building recently underwent over $1 million in <br /> renovations, which included new flooring, electrical upgrades (new outlets and fixtures), <br /> updated kitchen cabinets, and complete bathroom remodels. Doors, windows, shutters, <br /> garage doors, stairways, and railings were restored or replaced as needed to meet code <br /> compliance. <br /> SANTA ANA CITY COUNCIL <br /> Valerie Amezcua Benjamin Vazquez Thai Viet Phan Jessie Lopez Phil Bacerra Johnathan Ryan Hernandez David Penaloza <br /> Mayor Mayor Pro Tem-Ward 2 Ward 1 Ward 3 Ward 4 Ward 5 Ward 6 <br /> yamezcua(o7santa-ana.orq MzqueZ(o7sa nta-an 11 tphan(a7Santa-ana.orq essielopeZsanta-ana.om pbacerra(o�santa-ana.om ryanhernan=az Santa-ana.orq dpenalozXsanta-ana.om <br />
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