The URL can be used to link to this page

Home My WebLink About03 - QTRLYRPTHSGPROJ } w ~.e` I X54: 'I ~ ~ ~'S ~.r co•rix.ix~~ ,f is ~i.~ ,a r' :,i.l: ~ ~ I.i I ~C i t 'xl oai~~r rirr,.~~' re~,hen iar ~ r ~~ETIN DATE: RECORD~N ERETAY ~ ~NLYr ~IAY , 200 APPROI~E~ ? A Re~~mmended As Amended t~UARTERLYEP~~T F~RM~~I~ DlVI~~N PRJET A~VD ATI~'~T~E ~I~TINU~~ E~EU VE DI R~T~R REEDED ATIN Receive and file. ~~i~I~NITY REDEII~L~P~E~VTA~ID H~UINC ~M~~~N RE~ENQATiON At its Regular ~Ileeting of April by a vote of 4-~, the ar~r~unity Redevelopr~ent and Housing Commission recan~n~ended that the Housin Authorit receive and file the ~uarterl y Y Report for Housing division Projects and Activities, D~CUI~N This status report for the quarter ending on lUlarch ~D~O, provides statistics far the day-to-da . Y affordable housing activities of the City and the Cornn~unity Redevelo ment A enc A enc . p ~ ~ Y~ The report is divided into three sections: Loan Activity, Loan Portfolio Ianager~ent, and - Developr~ent Projects. Loan Act~~r~ty Applications , The Hausing Division offers several different chaff ~ A ~i~a~ion sent pp programs. The loans offered include homebuyer do~rn payment assistance and rehabilitation [Dons for historic single-family, sin le-famil and mobile ~ ~ Y .s.- ~ homes. I~obiie home loans are offered as -u ~t%•- for ~vable rants ar~d are used to Dover the cost of ~ ~iome~~y~r ~~l ~auvn a meet .~w essential repairs. The Housing Division reviews ~ ~ ;_til= Asista~~e14 a-.x•. appl~cat~onstodetermineuvhich pragrarr~ bestf~ts ;~w • : ; . . i ir~le ~~mily Reh a~ 9 Quarterly Reportfor Hauling Division Projects and Activities May , ~aa Page ~ the needs of the applicants. Appliaations are mailed out and received far these programs on a _ continuing basis. Chart ~ shows the number of applications seat out by type during this quarter. Loan Underwriting end Approval Process In this process, staff reviews applicant eligibility, verifies income and assets, oversees underwriting, conducts an inspection of the unit, and prepares a work vurite u to determine rehabilitation work to be performed. Due to the oorrrplex funding requirerr~er~ts, 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 all necessa lawn daour~ents, makes arrangements far execution, and reserves the required loan funds, Four mobile hone rehabilitation loans, two single family rehab loans and nine hon~ebuyer assistance loans have been approved and funded this fiscal year. Construction Process during this phase, staff monitors the construction wort, approves payr~ents to contractors, and tracks expenditures to ensure they do not exceed available funds. Multifamily projects often involve additional issues such a cor~pliance with prevailing wa a re uiremer~ts and~or Davis- g ~ i Bacon. As of March 31, ~a1a, and including the multifamily units, there was a total of X15 units underway. Loan Po~tfoiio ~lanaer~ent The Housing Division is responsible forensuring the integrity of the residential loan porolio. As of the end of the quarter, the principal balance was ~9,5D,. This is carp riled of 4 loans of p which ~9 are deferred or residual receipts payrr~ent loans. The loan portfolio generated 4~,~~ in repayr~ent of principal and interest far the quaker ending March 3~, ~g 0. Development P~o~eot Townsend and l~aitt The City Council and Agency have approved loons to grange Hauling Development Corporation ~CHDC} and CC Develaprnent for acquisition and rehabilitation of six apartment buildin s in the g Townsend and Raitt area. Rents are to be restricted to thane affordable to extremely low- end very Iow~income households. Four of the six buildings are now corplete, as is a community center. The rehabilitation work is underway on both of the remaining buildings. quarterly Report for Housing Division Projects and Activities May , X010 Page ~g North Lacy The City council and Agency have ap roved loans to AHD and Develo ment far ~ ~ acquisition and rehabilitation of ~ unit buildin at 70 North [-ac . Dents are to be restricted to g y those affordable to extremely love- and very lover-income households. The ro~ect has closed escrovtir and the rehabilitation ~rork is underv~a . y NP Pro~rar~ The pity received ~,~,~~5 throe h the Nei hborhood Stabilization Pro ram NP ~rhich i , 9 g g ~ intended to target and stabilize communities hardest hit v~ith foreclosures. The pity received its first NP avu~rd of ~,~,~5 through ~ nancon~petitive~process. lts second award for ~o million vuas received through a highly competitive process. Most a~rards vuere made to non rofit consortiums. only local government units sere successful, Usin its tiro avuards the fit g ~ Y created five NP programs, These include a Dovun Pa rent Assistance Pro ram ; Y g , Redevelopment Program, dingle-Family Acquisition-Rehabilitation Program, Historic~ondominium Acquisition-Rehabilitation ~'roran~ and ~ Multifamily Acquisition-i~ehablllttlon Pro ram. A g comprehensive and detailed quarterly report is posted on the fit 's uvebsite at htt :1luuw.santa- y p ana.arg~cdalNP.asp, ANI~ Industries, the intermedia selected to inn lament hon~eou~nershi ro rams includin the p 9 g dingle Family and Historic~ondo, is responsible for the acquisition, rehabilitation and resale of the foreclosed units. These homes uvill be said to families with incomes up to ~~0 ercent of the area } p median CAI}. To date, there are ~ single~famil homes in various sta a of ac uisition 9 q , rehabilitation, or resale that v~ill be sold to quali in families. ANR has s ant more than fY g p rn~ll~on in NP funds and has leveraged an ddltlan~l ~.5 million in private funds to make these affordable units available. The parknership of AHD and & Development vas selected to im lament the Multifamil p y AcquisitionlRehabilitation Program. To date, the partnership has used ~.4 million in NAP funds to acquire a ~~-unit multi-family property on Durant treet~ These units gill be tar eted to households at or belov~ ~0 percentAMl and gill help the pity meet the re uiren~entthat at least ~ q percent of its NAP funds be s ant to assist ve lovw-income households. p rY scattered bites RFP ~n October 9, gOg, the Agency released a Request far C~ualifications for the selection of ualified q developers for ~ Agency-owned parcels. ~n December ~OO9, the A enc selected three g Y developers far the project. Habitat for Humanit of bran e fount eras selected as develo er for Y g Y p single-family housing at sites identified as X19 8~~ N. concord street; ~ ~ ~4, ~ . cypress Aver ue~ 1 4 ~ast~rood Avenue; 4091111. Ed finger Aven ue; 40 0 40 ~ VIA. McFadden Avenue; Quarkerly Reportfor Housing Division Projects and Activities flay , g1 ~ Page 4 ~ g 4~ 1 ~ 1J11, McFadden f ar~d ~ Ogg 11~cLear~ Drivel Habitat is anon-profit corporation created forthe purpose of constructing and selling nevu homes to lor~r and moderate incarr~e families, Also approved vuas AHD and C Development as the developer for multi-family housing at sites identified ~ 1 ~ & 4~5, 4~ . Birch Street; ~0~4 N. hush street; and N. Spurgeon 8~ E. nd Street. This team has partnered Frith the pity and Agency to provide over affordable homes for Santa Ana residents and they are able to provide the necessary experience to develop and manage the rental sites, In addition, the Agency selected Hope Builders, a Division of Taller San Jose, as developer for o single-family homes on a site identified as 54~ E. central Avenue, This site v~ill afford Haile - training in the construction of single family d~velling and assist in their mission of rovidin hi h p g g quality construction jobs far local Santa Ana residents rho are graduates of Taller San Jose. o The Agency's action included authority for the Agency Executive Director to enter into negotiations Frith each of the Developers to determine the terms and conditions of a DDA. Staff anticipates returning to the Agency fior DDA approval during the summer of ~D~o. Station District The recently initiated Station District project is a coordinated effort to build upon this transit hub. This 94-acre area is anchored by the Santa Ana Regional Transportation tenter and numerous parcels the Agency and pity have acquired over the art aloe the Santa Ana Boulevard corridor. p g This corridor is a key connection from the I~ free~ray into the Do~vnto~rn and v~ill also serve as a major transportation link for the planned o Local Fixed uidev~ray System, Related alifornialriffin Realty ~orparation, the master developer selected last year after an extensive Re uest for Rro orals rovers is s earheadin the outreach efforts v~rith su ort from the i q p p ~ p g pp t They are currently assisting Frith the planning and develo rnent of ~8 arcels under the o~rnershi p p p of the Agency Frith a range of housing to meet the needs of our cor~rr~unity, uuhile considering the lamer g4-acre district in the planning process. Eight comaunity meetings and many smaller meetings ~rere held to seek input. The proposed concept plan forthe first phase, consisting of the f 48 parcels, is currently proceeding through an entitlement process. The concept plan includes for sale and rental housing of varied types, as Drell as a community center and open space. The strategy for the largerdistrict~rill follo~v. F~A~. ~~lPA~" There is no fiscal irr~pact associated vuith this action C~~artrly ~e~ort fog Hou~r~g D~v~ion Projects and Acti~~~ie May , ~a~0 Page ely L n ry-ayle Housing anager community ~eveopn~ent Agency JNILBIJ~H1r f 4 f I