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Home My WebLink About03 - HSGPROJQTRLYRPT PDF I _"'w. y••y: n ' ~titi,~.,, , . ee+iF~ ~ oc+r~ ao-`r' L s'+ l 4 ~ ~ IM! 801]rx Ciir f4 ixNi ~~i . ~IEET~1 DATA: RE~R~~h~ SECRETARY SSE ~N~1~# BRUAR~ 1, 2~1~ TlT~.E: APP~O1lED QUARTERLY REF~1~T ~'R ~~~TIN ? As Reco~mer~d~d DI~TII~N PR~JE~T AND ATI~ITTIE ? As Amended ~NT~~~E~ T~ r` EXEC 111E DI~ECT~R R~N~~E~DED~T~~ Reoeive end fi~.e . C~NJNI T~ RE1E~L~PN~~TT ~ i~~U IN'G ~MMI S IAN RE~I~NDAT I ~N _ . its Regu~.ar Meeting of ~anu~ry 210, by ~ rote of 4; 0 ~~Tillasenor absent}, the ommun.ity Redevelopment ar~d Housing Commission reoommended that the Housing authority receive and file the quarterly Report fog Housing Di,~i~.on Prod eons and I~cti~r~.ties . DIUI~N This status report far the u~rter ending an December 1, X009, pro~r~.des statist~.cs for the day-to-day affordable housing acti~rities of the City and the Community Rede~relopent Agency ~~gency~. The report is divided into three sect~.ons: Loan Activity, Loan Portfolio M~agement, and Develapment Profects. ~ha~~ Appl~ca~~ons Sent Loan Acti~ri~y Mobile Home fi Applications _ ~in~leFamily - Rehabl~ The Housing Division affer several ,4~.= ~ different progr~m.s . The loans offered include homebuyer down papent 3~. - 4 assistance and rehabilitation loans far ~ ~ _ { ¢ historic ~.n ~.e-far~il sin le-famil .,f$ ~ y? g ~ anal mobile homes . Mobile ho~.e loans are Homebuyer Dow~payrrt offered as f argivable grants and are A~ista~ce~ 5 k Quarterly Report for dousing Di~iion Projects and I~ctivitie February 1, 2oi~ Page ~ used to cover the cost of essential repairs. The Housing Di~~.sion reviews appl~.cation to determine whioh program best fits the needs of the applicants. ~ppi~.cations are mailed out ar~d received for these programs on a continuing basis. chart 1 shows the number of applications sent out by type dur~.ng this quarter. Loan Underwrita~ng and Approval Process In this process, staff reviews appl~.cant eligibility, verifies inoome and assets, oversees underwriting, conducts ~ .inspection of the unit, and prepares a work write up to determine rehabllltatlor~ work to be performed. Due to the complex fuinq requirements, applicants may be in underwriting several months. It is largely determined by the applicant's timely submittal of the necessary paperwork. once approved, staff prepares a~i necessary loan documents, makes arrangements for execution, and reserves the required loan funds. Two mobiie home rehabilitation loans and four hor~ebuyer assistance loans have been approved and funded this ~isca~. year. construction Process During th~.s phase, staff monitors the construction work, approves payments to contractors, and tracks expenditures to ensure they do not exceed available funds. Multifamily projects often involve additional issues such as compliance with prevailing wage requirements and~or Davis- Bacon. As of December 1, ~00~, and including the multifamily units, there was a total of X14 units underway. loan ~~~foli~ M~n~gr~t~nt The I~ous~.ng Division is responsible for ensuring the integrity of the residential loan portfolio. As of the end of the calendar year, the principal balance was ~ 71, 4 ~ 7 4 ~ . This is comprised of 4 ~.4 ~aans of which X49 are deferred or residual receipts payr~ent loans. The loan portfolio generated ~~,5~8 in repayments of prir~c,~pal and interest for the quarter ending December 1, oD~. D~velo~a~n~nt Projects/Multi-Far~~..~~r eh~bilit,t~.or~ Townsend and ~ai.tt The city council and Agency ha~re approved loans to Orange Housing Development corporation ~oHDC} and Development for acquisition and rehabllltation of six apartment build~.ngs in the Townsend and Raitt area. Rents are to be restricted to those affordable to extremely low and verb 5 quarterly Report for Housing Division Projects and Activ~.ties February 1, ~~1~ Page 3 lour-income households. Four of the six buildings are now complete, as is a community center. The rehabilitation work is underway on both of the remaining buildings. 7~ North Lacy The City council and Agency have approved loans to ~HD~ and C&C De~relapment for acquisition and rehabilitation of a ~ unit building at 70 North Lacy, Rents are to be restricted to those affordable to extremely low- and very 1ow~-income households, 'the project has closed escrow and the rehabilitation work is underway. NP Program 5 The City received $5,795,155 through the Neighborhood stabilization r Program SNP} which is intended to target and stabilize communities hardest hit with foreclosures. Five NP programs were created, including a Down Payment Assistance Program, Redevelopment Program, Single~Family Acquisition-Rehabilitation Program, HistoriclCondor~iniun~ Acquisition- Rehabilitation Program and a 1~ultifar~ily ~cquisitionWRehabilitatian r Program. A comprehensive and detailed quarterly report is posted on the City's website at http:~~www.anta-ana.org~cda~NP.asp. } k ANR Homes, Ir~o., the intermediary selected to implement homeownership r programs includ~.ng the dingle Family and HistoriclCondo, is responsible for the acquisition, rehabilitation and resale of the foreclosed un~.t. These homes w~.ll be sold to families with incomes up to 1~0 percent of Y the area median ~~MI}. To date, there are 20 single-family homes in various stages of acquiitian, rehab~.l.itatlon, or resale that will be sold to qualifying families. ANR has spent or committed mare than ~n~.llion in NP funds and has leveraged an additional 2.5 million a~n private funds to make these affordable units available. AHD was selected for the implementation of the ~Iultifar~ily ~cquisitian~Rehabilitatian Program. To date, ~HDC has used 1.4 million in NP funds to acquire a 14-unit multi-family property on Durant Street. These units will be targeted to households at or below 50 percent A~~ and will help the City meet the requirement that at least 25 percent of its NAP funds be spent to assist very low-income households, Raitt Street Infill Site Civic tenter Barrio Housing corporation ~CCBHC} is proposing to construct an 11~unit affordable housing project comprised of three triplexes and two single-family units . The project will be integrated with CCBHC' s existing 1~-unit development to the north. Plans are proceeding through Quarterly Report for Housing division Projects and Aati~rities ~`ebruary 1, 2 01 ~ Page 4 the City's s~.te plan review process, while the developer continues proforma preparation and lender negotiations, This r~ateria~. wi~.l form the basis of a Dispaition and Development Agreement {DDA}, which is anticipated to be cansidered in 211. 1000 Blank of North Logan The Logan ~.nfill project consists of the development of three single- family homes. grange bounty Community Housing Corporation and its ge~.eral contractor, Taller San dose, oammenced construction in December 2008. The hones are to be .sold to first time homebuyers with incomes at ar below ~0 percent of the area median. The three-bedroom home wi~.l se11 for 170,~0~; and the two, four-bedroom homes will sell for $175,000 each. Construction of the homes is now complete and the three families selected through the sales lottery process have been qualified to purohase the homes. Escrow closed on one property 1.n late December 2009 and the others are e~peeted to close shortly thereafter. RI~MoFadden E `r ~n January 5, 2009, the City Counc~.1. and Agency approved a DDA w~.th RI McFadden, LLC far development of twa parcels at the garner of i~c~'adden and grange. The project consists of two single family residences: one s being a 1,95 squire feet, 4-bedroom home, and the other a 1,21 square feet, -bedroom home. The homes were constructed in 15 days and will be sold through a lottery process to be held at a future date. . Scattered bites RFP ~n actober 2009, the Agency released a Request for Qualifications for s the selection of qualified developers far 1 Agency-owned parcels. an Deoember 21, 2009, the Agency selected three developers far the project. Habitat for Huanity of grange County was selected as developer for single-family ha~s~.ng at sites identified as 719 & 812 N. Concord Street; 1114, 1121, S, Cypress Avenue; 114 Eastwood Avenue; 4509 Edinger Avenue; 4010 & 4018 w. McFadden Avenue; 410 & 4110 1~oFadden; and 1029 McLean Dri~re. Habitat is a non-profit corporation created for the purpose of constructing and selling new homes to ~.aw and moderate inoome families. t Also approved was OHDC and Development as the developer far mu~.t~,- fami~.y hauling at sites identified as 217, 219 ~ 45, 47 B~.rch Street; 2~~4 ~ X08 hush Street; and Spurgeon 22nd Street. This team has partnered with the City and the Agency to provide aver X00 affordable homes for Santa Ana residents, a~.d they are able to prov~.de s the necessary experience to develop and manage the rental sites. i t Quarterly Report for Housing Division Prajects and Activities February 1, 2 ~ 1.0 Page 5 ~n addition, the Agency selected Nape Builders, Division of Taller San base, as develaper far two ing~.e-~an~ily homey on a site identified ~ X42 E, Central Avenue, 'This site wi11 afford Hope training in the construction of single-family dwellings and ait ~.n their mission of praviding high quality cantruotion jobs for local Santa Ana ~eident who are graduates of `faller San dose. The Agency' action included authority for the Agency Executive Director to begin negotlat~.ons with each of the Developers to determine the terms and conditions of a DDA. Station Dit~`~.et Community outreach efforts for the Station District, 94-acre area anchored by the Santa Ana Regional Transportation Center{ have yielded a tremendous amount of input and ideas for addressing community needs and enhancing the area. Five co~nun~.ty forums and many smaller meetings were held to peek input on the planning and development of the numerous parcels the Agency~City have acquired along the Santa Ana Boulevard cox~ridar, a well ~ the larger Station District area. Th~.s corridor is a key connection from the I-5 freeway into the Do~antown and gill also serve as a major transportation link far the planned Co Local Fired Guideway System, s The developer teal, Related~~riffin, is nor conducting deign and fealbll~ty tud~.e on the Agency parcels based on the input received. The strategy far the larger district area will be developed concurrently; however, gi~ren that it covers ~ more extensive area and to enure coordination with the planned transit projects, the time f rave for the end product gill follow the planning effort for the Agency-~a~rned pareeis . e expect that a concept p~.an far the Agency parcels gill be ready for community input in January. The City planning and entitlement process will fallow. Planning approvals are needed ~.n time far the de~relaper to submit an application for affardab~.e housing tax credits in duly OiO, u.arterly Report for Housing Di~ri~s~.on Prod eats and ~eti~itie Fe~r~ar~r , ~ ~ 1 ~ Page ~ FI CAIN INi~~T there i no fiscal i~paet aoeiated with this action. he11y andry- yle Housing Manager o~nmunit~r D~~elopr~ent Agenoy JN/SIB/~~H~~r i