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Quarterly Report for Housing Division Projects and Activities November 7, 2011 Page 8 Finally, the Agency selected Hope Builders, a subsidiary of Taller San Jose, as developer for two single - family homes on a site identified as 542 East Central Avenue. This site will afford Hope Builders further training in the construction of single - family dwellings and assist in its mission of providing high - quality construction jobs for local Santa Ana residents who are graduates of Taller San Jose. The Developer has submitted its plans into the City's site plan review process, while Agency staff continues working with them on its DDA. Station District On June 7, 2010, after an extensive public outreach process which garnered a great deal of input on community needs and issues, the City Council /Redevelopment Agency approved several actions to facilitate the development of an affordable housing project, located in the 94 -acre Station District, that will enhance the Lacy neighborhood and support the transit vision for the area. The project is situated along a corridor and is a key connection from the 1 -5 freeway into the Downtown, and will also serve as a major transportation link for the planned Go Local Fixed Guideway System. Related California /Griffin Realty Corporation, the master developer selected last year after a wide - reaching RFP process, helped spearhead the outreach efforts with support from the City. The first phase of the Station District affordable housing project (R1), 74 apartment units, was awarded tax credits in summer 2011. The R1 phase is in the plan check process, with construction expected to commence by December of this year. It is hoped that the units will be ready for occupancy by early 2013. The second phase of the rental project (R2) just received its tax credit award in September 2011. Plans for R2 are continuing to be refined, with an anticipated construction start date of early March 2012, and a 12 -month completion schedule. R2 is anticipated to include 25 new construction units and approximately 15 rehabilitated units (in 10 structures). The 24 unit for -sale project is anticipated to commence construction in early 2012, as well, and be completed within 18 months. FISCAL IMPACT There is no fiscal impact associated with this action. Nancy T. Pwards Interim Exetutive Director Community Development Agency NTE /SLB/TG /mlr G Lei ;ff 9.]