HomeMy WebLinkAboutItem 07 - Quarterly Report for Housing Division Projects and Activities Community Development Agency
https://www.santa-ana.org/cd
Item # 7
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
May 4, 2021
TOPIC: Quarterly Report for Housing Division Projects and Activities
AGENDA TITLE:
Quarterly Report for Housing Division Projects and Activities for the Period of January
2021 – March 2021
RECOMMENDED ACTION
Receive and file the Quarterly Report for Housing Division Projects and Activities for the
period of January 2021 – March 2021.
DISCUSSION
This report for the quarter ending on March 31, 2021 provides statistics for all of the
affordable housing projects and activities for the Housing Division. The report is divided
into four sections: Loan Activity, Loan Portfolio Management and Monitoring, Affordable
Housing Funds and Commitments, and Development Projects.
Loan Activity
Applications
The Housing Division offers several different programs including down payment
assistance for first-time homebuyers and rehabilitation loans for mobile homes, single-
family, multi-family, and historic homes. Inquiries are received from the public and
applications are mailed out, received, and approved for these programs on a continual
basis. Table 1 shows the number of inquiries, applications sent out, received, and
approved by type for the quarter and for the total fiscal year.
Table 1: Applications Sent Out, Received & Approved
Inquiries Applications
Sent Out
Applications
Received
Applications
ApprovedProgram
Q3 Total FY Q3 Total FY Q3 Total FY Q3 Total FY
Single-Family Rehabilitation 12 36 10 32 1 1 0 0
Mobile Home Rehabilitation 0 14 0 13 1 0 0 0
Multi-Family Rehabilitation 0 0 0 0 0 0 0 0
Historic Home Restoration 0 1 0 1 0 0 0 0
Homeownership / DPAP 14 40 14 34 6 11 3 6
Loan Subordinations 5 17 5 17 5 17 5 17
Quarterly Report for Housing Division
May 4, 2021
Page 2
6
8
5
The number of applications received is typically lower than the number of applications
sent out in any given period due to the stringent program guidelines for eligibility regulated
by the federal government, which makes it difficult for most applicants to qualify. Due to
the Coronavirus pandemic (COVID-19), application processing for the Single-Family and
Mobile Home Rehabilitation Program continues to be on hold during the third quarter.
There are currently nine (9) applications for the Single-Family Rehabilitation Program and
four (4) applications for the Mobile Home Rehabilitation Program currently on hold.
Homeowners who have second liens with the City of Santa Ana have been interested in
refinancing their first lien mortgage to take advantage of the low interest rates. When the
first lien is refinanced, it is necessary for the City to subordinate its second lien. During
the third quarter, five (5) requests for subordination were received, approved, and
processed.
Rehabilitation Loan Underwriting and Approval Progress
During this quarter, no mobile home rehabilitation loans were funded due to the program
being on hold.
Rehabilitation Program Construction Progress
Homeowners receiving rehabilitation loans are guided through an open selection of
contractors to complete the work on their homes. Each homeowner is given a list of
contractors that have been screened by staff for license and insurance requirements.
However, homeowners are allowed to select any contractor that meets these same
requirements. Staff assists the homeowners with the evaluation of bids and selection of
a contractor. Staff also monitors the construction work, approves payments to contractors,
and tracks expenditures to ensure compliance with the loan agreement and program
guidelines. During this quarter, zero (0) additional homes were completed.
Down Payment Assistance Loan Program (DPAP) Progress
For the Down Payment Assistance Loan Program, staff evaluates applicant eligibility and
oversees underwriting to ensure compliance with program guidelines and requirements
established by the U.S. Department of Housing and Urban Development (HUD). During
this quarter, staff conducted three (3) down payment assistance virtual workshops via
Zoom with 47 attendees. Two (2) down payment assistance loans closed escrow. Six (6)
down payment assistance applications were received and three (3) applications were
approved.
Loan Portfolio Management & Monitoring
The Housing Division is responsible for managing the residential loan portfolio, which
includes all of the loans entered into by the City and Housing Authority acting as the
Housing Successor Agency. As of the end of the third quarter, the principal balance was
$136,791,474.75. This is composed of 368 loans, of which 345 are deferred or residual
receipt payment loans. As shown in Table 2, the loan portfolio generated $432,499.80 in
Quarterly Report for Housing Division
May 4, 2021
Page 3
6
8
5
payments of principal and interest during the third quarter. The amount of residual
receipts payments changes every quarter.
Table 2: Portfolio Revenue
Funding Source
HOME CDBG Redevelopment NSP CalHOME
Loan Payoffs 0 0 0 $10,491 0
Residual Receipts Payments $220,969 0 $118,051 $47,271 0
Amortized Loan Payments $2,885 $7,681 $19,149 0 $5,000
Total for Q3 $223,855 $7,681 $137,200 $57,762 $5,000
Monitoring
As part of the requirements for these funds, staff must monitor the owner-occupancy of
single-family homes that have received loans, and the building code compliance of units
in rental projects with long-term affordability covenants. During this quarter, 65 owner-
occupancy recertification letters were mailed and 49 were returned and processed. This
number includes letters sent from previous months.
On-site compliance monitoring of the tenant files was not conducted this quarter due to
COVID-19. HUD has temporarily waived the requirement for ongoing periodic inspections
of HOME-assisted rental housing through September 30, 2021.
Available Funds and Land Assets for Affordable Housing Development Projects
The City of Santa Ana and the Housing Authority acting as the Housing Successor
Agency manages multiple sources of local, state and federal funds to promote and
facilitate the development of affordable housing as well as land assets held by the
Housing Authority. Exhibit 1 provides a summary of the funds available as of March 31,
2021. Exhibit 2 provides a summary of available land assets.
Housing Opportunity Ordinance
On-Site Development:
Since 2011, a total of 33 units have been developed on-site as a result of the Ordinance,
including 23 ownership units for-sale and 10 rental units:
Units Built On-Site
Ownership Rental Total
23 10 33
Regulatory agreements have been signed with two market rate developments that will
build 30 additional rental units on-site affordable to very-low income households.
In-Lieu Fees Generated:
All in-lieu fees, penalties and other monies collected pursuant to the Housing Opportunity
Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since
Quarterly Report for Housing Division
May 4, 2021
Page 4
6
8
5
inception, the Inclusionary Housing Fund has generated $21,510,125 to be used for the
development of housing affordable to low- and moderate-income households, with a
reasonable amount spent on administrative or related expenses associated with the
administration of the Housing Opportunity Ordinance. In-lieu fees generated have been
used to develop new affordable housing opportunities, provide emergency shelter, and
create homeownership opportunities. Below is a summary of how in-lieu fees have been
used by the City:
Project Inclusionary Housing
Funds Spent # of Units Address
Santa Ana Arts
Collective $4,775,000 57 1666 N. Main Street
Tiny Tim Plaza $1,300,000 50 2239 West 5th Street
The Link Interim
Emergency Shelter $4,140,295 N/A 2320 S Redhill Avenue
TOTAL $10,215,295 107
Project Inclusionary Housing
Funds Committed # of Units Address
Habitat for Humanity
“Lacy & Vance”$565,271 2 416 Vance Street & 826
N. Lacy Street
Westview House $1,514,113 84 2530 and 2534
Westminster Avenue
WISE Place Steps to
Independence Public
Service Program
$90,000 N/A N/A
Down Payment
Assistance $280,000 N/A N/A
TOTAL $2,115,607 86
Affordable Housing Development Projects
There are two (2) affordable housing projects under construction and five (5) affordable
housing projects in pre-development. Below are brief summaries for one (1) recently
completed projects and the seven (7) projects under construction / pre-development.
Exhibit 3 provides a development timeline for the larger development projects.
Projects Completed
Casa Querencia - formerly Aqua Housing (317 E. 17th Street)
Developer Community Development Partners with Mercy House as the service provider
Description
Acquisition, demolition and new construction of a former motel yielding 56
units of affordable permanent supportive housing with wrap-around
supportive services for chronically homeless individuals and one (1)
Quarterly Report for Housing Division
May 4, 2021
Page 5
6
8
5
manager’s unit. 28 of the 56 units are funded by MHSA/SNHP funds from the
County of Orange.
City Funds Fifty-six (56) Project-Based Vouchers (PBVs)
Update
Construction is 100% complete and received final building sign-off on
December 31, 2020. 100% lease-up status was achieved on March, 23,
2021 and all units are now occupied by qualified tenants who were
previously homeless in Santa Ana.
Projects under Construction
La Placita Cinco – formerly Tiny Tim Plaza (2239 West 5th Street)
Developer Community Development Partners
Description
New construction of an affordable multifamily apartment complex consisting
of 50 units of rental housing serving very-low and extremely-low income
families, and one (1) manager’s unit.
City Funds Inclusionary Housing ($1,300,000), Housing Successor Agency ($4,700,000)
Update
The project is 99% complete, with final close-out items remaining. A
temporary Certificate of Occupancy was issued in January 2021, and a final
Certificate of Occupancy is anticipated no later than June 1, 2021. Retail
renovations are complete, with final signage in progress. The project is
currently 50% leased.
Legacy Square (609 North Spurgeon Street)
Developer National Community Renaissance with Mercy House as the service provider
Description
New construction of a 100% affordable multifamily apartment complex
consisting of 92 units of rental housing and one (1) manager’s unit. All units
will be affordable to households earning less than 60% AMI of which 33 units
will be set-aside for permanent supportive housing.
City Funds Eight (8) PBVs
Update
On December 15, 2020, City Council approved the developer’s $3,170,547
Loan Agreement and subordination agreement with Bank of America as the
Senior Lender. Subsequently, the Consolidated Appropriations Act of 2021
passed by Congress on December 27, 2020, included a provision to create a
permanent minimum 4% low-income housing tax credit rate that allowed the
developer to generate more tax credit equity. As a result, the developer was
able to decline the City’s $3,170,547 in funding because they were able to
generate more funding from their tax credits. However, the Housing Authority
still has a commitment of eight (8) PBVs to this project. The developer closed
on their construction financing on February 11, 2021 and has started
construction of the project. Construction is currently ongoing.
Quarterly Report for Housing Division
May 4, 2021
Page 6
6
8
5
Projects in Pre-Development
Crossroads at Washington (1126 and 1146 E. Washington Avenue)
Developer Related Companies of California with A Community of Friends (ACOF) as co-
developer and lead service provider
Description
New construction of a 100% affordable multifamily apartment complex
consisting of 85 units of rental housing and one (1) manager’s unit. All units
will be affordable to households earning less than 30% AMI of which 43 units
will be set-aside for permanent supportive housing.
City Funds
HOME Investment Partnerships Program ($3,007,489), Neighborhood
Stabilization Program ($963,951), sixty-five (65) year ground lease
agreement for 1126 and 1146 E. Washington Avenue (Appraised Value as of
September 22, 2019: $4,108,136)
Update
The Developer submitted an application in March 2021 for the Orange County
Housing Finance Trust (OCHFT) Permanent Supportive Housing (PSH)
Notice of Funding Availability (NOFA) and awards are expected to be
announced in May 2021. The Developer continues to work with the City,
County and the California Department of Toxic Substances Control (DTSC)
for environmental investigations onsite and for a Voluntary Oversight
Agreement between the City, County and DTSC for agency oversight.
FX Residences (801, 809, 809 ½ East 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 Funds
Housing Successor Agency ($1,069,947), three (3) PBVs, 99-year ground
lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25,
2018: $788,000)
Update
FX Residences was approved unanimously by the Planning Commission on
March 22, 2021. HomeAid Orange County applied for $300,000 from Federal
Home Loan Bank of San Francisco through their Affordable Housing Program
Loan Program at the beginning of March. Funding awards will be announced
in June 2021.
Habitat for Humanity (416 Vance Street & 826 N. Lacy Street)
Developer Habitat for Humanity of Orange County
Description New construction of two single-family detached homes for homeownership
serving households up to 120% AMI.
City Funds
Inclusionary Housing ($565,271) and a 99-year ground lease agreement for
416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25,
2018: $578,000)
Update
The developer has completed discussions with the Historic French Park
Committee and received a letter of approval for the design of both homes on
February 11, 2021. The Neighborhood Review Application was submitted to
city staff and corrections were addressed. Site Plan Review will be submitted
in April 2021. The developer is awaiting final documentation from Southern
Quarterly Report for Housing Division
May 4, 2021
Page 7
6
8
5
California Edison regarding the abandonment of the easement that currently
exists between the two (2) parcels. On April 6, 2021, City Council approved a
First Amendment to the Conditional Grant Agreement with Habitat for
Humanity of Orange County for an additional $333,777 in Inclusionary
Housing Funds for a total Inclusionary Grant amount of $565,271 for the
development of the Lacy Street affordable housing project.
North Harbor Village (1108 N. Harbor)
Developer Jamboree Housing Corporation
Description Acquisition and rehabilitation of a former motel yielding 89 units of permanent
supportive housing.
City Funds Eight-nine (89) PBVs and CDBG ($1,687,047) [The 89 PBVs consist of 34
HUD-VASH PBVs and 55 non HUD-VASH PBVs]
Update
The developer received their building permit ready letter on March 23, 2021.
OCHFT provided a firm commitment with the official award from HCD on
February 3, 2021. The developer closed on their construction financing on
April 1, 2021 and will begin rehabilitation of the Budget Inn motel. The
developer closed on their financing with floating 4% acquisition tax credits
which will be determined at the 8609 conversion.
Westview House (2530 Westminster Avenue)
Developer Community Development Partners
Description
New construction of an affordable multifamily apartment development
consisting of 85 units of both large family and PSH with one (1) manager’s
unit. Twenty-six of the units will be funded by MHSA funds and the NPLH
program.
City Funds
Inclusionary Housing ($1,514,113), HOME Investment Partnerships Program
($2,003,705), Rental Rehabilitation Program ($386,523), and twenty-six (26)
Mainstream Program PBVs
Update
The developer applied for the OC 2020 Supportive Housing NOFA MHSA
funds and has received this funding award. The developer also submitted an
application for competitive NPLH funds on January 19th and have since
received a point scoring letter from HCD which shows the project receiving
194.99 points out of a possible 200. The project went before City Council on
January 19, 2021 and received full entitlement approval as well as approval
of twenty-six (26) Mainstream Program project-based vouchers. On March
15, 2021 the developer applied for OCHFT funds and is awaiting a response
on this funding award.
Regional Housing Needs Assessment
Housing projects that have been approved, permitted, or received a certificate of
occupancy after June 30, 2021 may be counted towards the 6th Regional Housing Needs
Assessment (RHNA) Cycle (October 2021 to October 2029). A total of 419 units in
projects that are completed or under construction will count towards the current RHNA
cycle:
Quarterly Report for Housing Division
May 4, 2021
Page 8
6
8
5
Project Units
Santa Ana Arts Collective 57
Heroes’ Landing 75
Casa Querencia 56
La Placita Cinco 50
North Harbor Village 89
Legacy Square 92
TOTAL 419
A total of 188 units in projects in pre-development will count toward the upcoming
RHNA cycle (October 2021 through October 2029):
Project Units
Crossroads at Washington 85
Westview House 85
FX Residences 16
Habitat for Humanity 2
TOTAL 188
FISCAL IMPACT
There is no fiscal impact associated with this action.
EXHIBIT(S)
1. Available Funds for Affordable Housing Development Projects
2. Available Land Assets for Affordable Housing Development
3. Project Timelines
Submitted By: Steven Mendoza, Assistant City Manager
Approved By: Kristine Ridge, City Manager
Available Funds for Affordable Housing Development Projects
As of March 31, 2021
Housing Successor Agency (Housing Authority)
$3,650,079 Cash on Hand
($1,069,947)Frances Xavier Residence Project Pre-Commitment Loan 1
($250,000)Administrative Costs Allowance 2
($2,076,527)Administrative Costs Allowance for Future Fiscal Years 3
($157,386)Crossroads at Washington Option Agreement Amendment 4
$0 Available Funds
Inclusionary Housing Funds
$10,436,303 Cash on Hand
($210,000)Down Payment Assistance Program 5
($231,494)Lacy Street Project Pre-Commitment Loan 6
($1,514,113)Westview House Pre-Commitment Loan 7
($70,273)WISEPlace Steps to Independence Program Agreement 8
($2,070,579)Administrative Costs Allowance (CDA/PBA)
$6,339,844 Available Funds
HOME Program
$7,202,730 Funds to Drawdown
($3,007,489)Crossroads at Washington Pre-Commitment Loan 9
($2,003,705)Westview House Pre-Commitment Loan 7
$2,191,536 Available Funds to Drawdown
CDBG Program (Acquisition/Rehabilitation Projects Only)
$2,134,716 Funds to Drawdown
($1,687,047)North Harbor Village Project Pre-Commitment Loan 10
$447,669 Available Funds to Drawdown
NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
$1,394,088 Funds to Drawdown
($963,951)Crossroads at Washington Pre-Commitment Loan 9
($96,395)Crossroads at Washington Project Costs
($333,742)Transfer to CDBG in FY 20/21
$0 Available Funds to Drawdown
Rental Rehabilitation Grant Program
$392,875 Cash on Hand
11
($386,523)Westview House Pre-Commitment Loan 7
$6,352 Available Funds
$8,985,402 Total Available Funds
1 Approved by Housing Authority on January 15, 2019.
2 The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans.
3 Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues.
4 Approved by Housing Authority on December 15, 2020.
5 $400,000 originally approved by City Council on March 6, 2018. Five loans paid through end of September 2020.
6 Approved by City Council/Housing Authority on March 5, 2019. Additional $333,777 approved by City Council on April 6, 2020 (to be reflected in subsequent quarter.)
7 Approved by City Council on April 7, 2020.
8 Approved by City Council on April 7, 2020.
9 Approved by City Council on July 2, 2019.
10 Approved by City Council/Housing Authority on March 5, 2019. Loan agreement on April 20, 2021 City Council agenda for approval.
11 Old program income available after close out of program with HUD.
Exhibit 1
EXHIBIT 2
AVAILABLE LAND ASSETS FOR AFFORDABLE HOUSING DEVELOPMENT
(1) 302 E. Twenty-Second Street
a. APN: 003-122-25
b. Lot Size: 27,817sf
c. Current Zoning: R1 Single-Family Residence, which allows one house per lot.
d. Parcel was acquired 10/30/2002 using Low and Moderate Income Housing Asset
Fund - 20% Set Aside.
e. Previous Use: Purchased from Cal Trans. It was a remnant parcel from the freeway
widening project. The site was vacant and undeveloped at the time it was acquired.
f. General Plan: Low Density Residential, which allows single-family residences and
ancillary uses.
g. Maximum du/ac: Seven units per acre.
h. Site Condition / Environmental Conditions: Property is irregular in shape, is below
the minimum lot size for a residential lot, and will most likely require the approval of
several variances from the zoning code in order to facilitate a residential unit.
EXHIBIT 3
Page 1 of 4
Current Affordable Housing Development Project Timelines
Projects Completed
Casa Querencia – formerly Aqua Housing – 317 E. 17th Street
Dec 16 RFP Issued for PBVs
Apr 17 Approved PBVs
Jun 17 Planning entitlements approved
Jun 17 Approved additional PBVs
Jan 18 Awarded County Special Needs Housing Funds
Jan 18 Submitted application for HCD Infill Infrastructure Funds
Jun 18 Award of HCD Infill Infrastructure Funds
Aug 18 Submittal of 4% Low-Income Housing Tax Credit Application
Oct 18 Allocation of 4% Low-Income Housing Tax Credits
Apr 19 Close of escrow
Jun 19 Construction initiated
Dec 20 Construction completion
Mar 21 100% lease-up achieved
Projects Under Construction
La Placita Cinco – 2223 W. 5th Street
Dec 16 Developer submitted request for funds to CDA
Jun 17 Awarded City and Housing Successor Agency Funds
Jan 18 Planning entitlements approved
Jul 18 Submittal of 9% Low-Income Housing Tax Credit Application
Oct 18 Award of 9% Low-Income Housing Tax Credits
May 19 Close of Escrow
Jun 19 Construction initiated
Jan 21 Anticipated construction completion
Legacy Square – 609 North Spurgeon Street
Aug 18 Santa Ana CDA Funding Application
Dec 18 Applied for NPLH and SNHP Funds
Jan 19 Santa Ana funding award
Feb 19 Planning entitlements approved
Feb 19 Applied for Round 4 AHSC Funding
May 19 Award of SNHP funds
Jul 19 Applied for Round 1 MHP
Nov 19 Applied for State 4% tax credits
Jan 20 Construction drawings (8-12 weeks)
Feb 20 Apply for Round 5 AHSC funding
EXHIBIT 3
Page 2 of 4
May 20 Apply for 4% tax credits
May 20 Plan check (12-16 weeks)
Jun 20 Award of AHSC funds
July 20 Award of 4% Tax Credits
July 20 Award of Tax-Exempt Bonds
May 20 Plan Check (12-16 weeks)
Jan 21 Building permit issuance
Feb 21 Construction closing/syndication
Feb 21 Begin construction (24 months)
Feb 23 Construction complete
June 23 100% fully leased (2 months)
Projects in Pre-Development
Crossroads at Washington – 1126 and 1146 E. Washington Avenue
Aug 19 Submitted PSH application to County
Oct 19 Submitted for Planning entitlements
Oct 19 Community meeting
Nov 19 Approval of Joint Powers Agreement, Option to Ground Lease, Voucher
Resolution and Cooperation Agreement, and Regional Housing Needs
Assessment (RHNA) Agreement and Density Bonus
Dec 19 NEPA EA City Approval – City of Santa Ana submits NEPA EA to HUD
Feb 20 PSH Funds and Voucher approval from County Board of Supervisors
Feb 20 Planning entitlements approved
Mar 20 TCAC 9% Application – 1st Round 2020
Jul 20 TCAC FCAA/9% Application – 2nd Round 2020
Oct 20 TCAC FCAA/9% Award – 2nd Round 2020
Mar 21 Submitted OCHFT PSH NOFA Application
May 21 Projected Award for OCHFT PSH NOFA
Dec 21 Submit for 1st plan check
May 22 City issues permit ready letter
May 22 Start construction
Aug 23 Construction complete
Dec 23 Full occupancy
FX Residences – 801, 809, 809 ½ E. Santa Ana Boulevard
Jan 19 Council approval for land lease and project funding
Jan 19 Submittal of application for NPLH funding
Feb 19 Confirm with City staff that project site can yield additional units under
existing zoning
Mar 19 Revise conceptual drawings for additional 5 units (17 total units, up from the
original 12 units)
Mar 19 SNHP funding application submitted to County
Apr 19 City staff to review revised conceptual design
EXHIBIT 3
Page 3 of 4
Apr 19 Begin development agreement
May 19 Board of Supervisors meeting for SNHP funding
Jul 19 Execute Development Agreement
Jul 19 Formal awards letters for NPLH funding to be issued
Aug 19 Initial planning submittal
Sept 19 Sunshine Ordinance Meeting
Mar 21 Planning Commission Meeting (ministerial approval of density bonus)
May/Jun 21 City Council Meeting (ministerial approval of density bonus)
Jun 21 Submit for first plan check
Sept 21 Building Permit
Oct 21 Begin construction (grading, weather permitting)
Nov 22 Completion of construction
Habitat for Humanity – 416 Vance Street & 826 N. Lacy Street
May 20 DDA signed
June 20 Prepare grading plans
Oct 20 Prepare architectural plans
Oct 20 Submit Neighborhood Review Application
Feb 21 Final Approval from Historic French Park Committee
Apr 21 Submit Site Review Application
May 21 Submit grading/improvements
May 21 Submit architectural plans
Jun 21 Grading permit issued
Aug 21 Commence Grading
Aug 21 Building Permits issued
Sep 21 Begin construction
Aug 22 Anticipated construction completion
Aug 22 Certificate of Occupancy / Closings
North Harbor Village – 1108 N. Harbor
Mar 19 Start of design development
Mar 19 Applied to FHLBSF for AHP Financing ($890,000)
Mar 19 Award of VASH Vouchers & City Loan by City Council (89 Vouchers and
$1,687,047)
Mar 19 Start environmental approval process with City of Santa Ana (CEQA/NEPA)
Mar 19 Applied for Home Depot Grant ($500,000)
Jun 19 CEQA / NEPA Approval – City of Santa Ana
Jun 19 AHP Award Date ($890,000)
Aug 20 Applied to HCD for MHP 1st Round Funding ($13,316,412)
Dec 19 Notified project did not receive 1st Round MHP funding
Feb 20 Applied to HCD for VHHP Funding ($10,000,000)
Mar 20 Applied to HCD for MHP 2nd round funding
Mar 20 Applied to OCHFT Financing ($2,292,920)
May 20 Notified project did not receive 2st Round MHP funding
EXHIBIT 3
Page 4 of 4
May 20 Received OCHFT funding award ($2,292,920)
Jun 20 Received VHHP funding award ($10,000,000)
Jun 20 Submitted Plans for Ministerial Design Approval
Jun 20 Applied for CDLAC tax exempt bond allocation ($24,000,000)
Jul 20 Applied for TCAC 4% competitive state and federal tax credits ($9,896,911)
Sept 20 CDLAC Allocation
Nov 20 Ministerial Design Approval (upon completion of community meeting on
11/4/2020)
Oct 20 TCAC Allocation
Oct 20 Start construction documents for rehab
Nov 20 Submit first plan check
Dec 20 Awarded Home Depot Grant
Jan 21 Receipt of first plan check comments
Jan 21 Submit second plan check
Feb 21 Receipt of second plan check comments
Feb 21 Submit third plan check
Mar 21 Received permit ready
Apr 21 Construction loan closing
Apr 21 Pull Permits and start construction
Oct 22 Construction complete
Oct 22 Start of lease up
Apr 23 Full occupancy
Westview House – 2530 Westminster Avenue
Oct 19 City of Santa Ana RFP submittal
May 20 OC 2020 Supportive Housing NOFA Submittal
Dec 20 OC 2020 Supportive Housing NOFA award
Jan 21 City of Santa Ana PBV Award
Jan 21 Construction/permanent debt commitments
Jan 21 Receive Entitlements
Jan 21 No Place Like Home application
Mar 21 OCHFT application
May 21 OCHFT Award
Jun 21 No Place Like Home commitment
Sep 21 CDLAC/TCAC 4% application
Dec 21 CDLAC/TCAC 4% award
May 22 Construction permits issued
May 22 Construction start
Sep 23 Construction complete
Dec 23 Lease-Up complete