Real Estate Division. J.P. Correia Real Estate Manager. Real Estate Division
|
|
- Muriel Lester
- 5 years ago
- Views:
Transcription
1 Mayberry Townhomes February 13, 2015 Ann Kern Vice President, Real Estate Finance & Program Development Real Estate Division J.P. Correia Real Estate Manager Real Estate Division
2 Recommendations 1. Approve proposed sale and ownership transfer of Mayberry Townhomes from Mayberry Townhomes L.P. to Community Housing Works (CHW) (or a to-be-formed partnership); 2. Approve CHW s assumption of Housing Commission s existing residual receipts loan (estimated $907,570 at closing) with no paydown; 3. Approve modification of SDHC s existing loan s terms contingent upon developer obtaining third-party funding commitments: California Tax Credit Allocation Committee (TCAC) tax credits; and California Debt Limit Allocation Committee (CDLAC) bond allocation; Slide #2
3 Recommendations (Cont.) 4. Approve preliminary steps to issue Housing Authority tax-exempt multifamily housing revenue bonds: a. Issue bond inducement resolution (up to $11 million); b. Authorize application to CDLAC for bonds allocation; c. Approve bond financing team: Stradling Yocca Carlson & Rauth (bond counsel); Public Financial Management Inc. (bond financial advisor); and 5. Authorize President & CEO to execute documents, adjust terms as necessary and perform acts necessary, convenient and/or appropriate to implement (upon advice of the General Counsel). Slide #3
4 Development Summary Acquisition and rehabilitation of 18 buildings with 70 townhomes in the Mountain View neighborhood, City Council District 9. SDHC existing loan: $670,000 residual receipts loan from 1999 for acquisition/rehabilitation. City of San Diego 3 percent interest, residual loans outstanding (originally approximately $1,600,000). Comprehensive rehabilitation. Increase affordability restrictions and preserve affordability for 55 years. Possible temporary relocation of some tenants is budgeted. Slide #4
5 Developer s Proposal Ownership: Mayberry Ltd. (entity controlled by Metropolitan Area Advisory Committee on Antipoverty of San Diego County (MAAC). Proposed sale to: Community Housing Works (CHW). CHW to assume SDHC existing loan with no paydown. Comprehensive rehabilitation by CHW. CHW to assume City of San Diego s existing residual receipts loans with $350,000 interest paydown. Slide #5
6 Developer s Proposal (Cont.) CHW is an experienced developer. CHW is in compliance on previous SDHC loans. Financing to include tax credits and tax-exempt bonds. No additional direct SDHC loan funds are proposed. Slide #6
7 Slide #7 SDHC Partnership Mayberry Townhomes Location & 4490 Mayberry Street
8 Slide #8 SDHC Partnership Mayberry Townhomes Site Photo
9 Slide #9 SDHC Partnership Mayberry Townhomes Site Photo
10 Slide #10 SDHC Partnership Mayberry Townhomes Site Photo
11 Slide #11 SDHC Partnership Mayberry Townhomes Site Photo
12 Slide #12 SDHC Partnership Mayberry Townhomes Site Photo
13 Affordability Table Affordability Mix Studio Units (est. 400 sq. ft.) One Bedroom Units ( est. 500 sq. ft.) Two Bedroom Units (774 sq. ft.) Three Bedroom units (1,014 sq. ft.) Units Estimated Net Rent Units Estimated Net Rent Units Estimated Net Rent Units Estimated Net Rent Total HOME Units: 50% AMI $822 3 $ % AMI $993 2 $1,098 4 Subtotal HOME Non HOME Units 50% AMI 1 $643 1 $716 1 $822 1 $ % AMI $993 6 $1, % AMI $1, $1, Manager s unit Subtotal Non HOME Combined Total Units Slide #13
14 Estimated Sources and Uses Permanent Financing Sources of Funds Amount Uses of Funds Amount Tax Exempt Bond Financed Permanent Loan $5,630,000 Acquisition, Closing Costs, and Solar Buyout $9,205,358 City/Civic San Diego Loan 1,599,327 Construction Hard Costs with Site Work and Contingency 2,800,000 SDHC Loan (with Estimated Interest to Closing) 907,570 Architect and Engineering 182,000 MAAC Seller Carryback Loan 764,940 Financing Costs 775,523 Income from Operations 417,509 Accrued Interest Soft Debt 50,602 4 Percent Tax Credits Equity 5,464,299 Reserves 227,160 Soft Debt Accrued Interest 50,602 City Permits and Fees 17,500 Fees & Syndication Refunds 50,091 (Including Developer Fee) 1,994,918 CHW Developer Fee Contribution 536,894 Soft Costs 835,616 Deferred Developer Fee 667,445 Total Sources $16,088,677 Total Development Cost $16,088,677 Estimated Total Development Cost Per Unit (for 70 Units) = $229,838 Slide #14
15 Schedule Milestone SDHC Consideration.... Housing Authority Consideration City Council TEFRA Hearing TCAC and CDLAC applications SDHC final bond authorization TCAC and CDLAC allocation meetings.. Housing Authority final bond authorization Estimated Escrow/Financing Closing.... Estimated Construction Start Estimated Construction Completion..... Estimated Date February 13, 2015 March 10, 2015 March 10, 2015 March 20, 2015 May 8, 2015 May 20, 2015 June 2, 2015 June 23, 2015 June 2015 Feb - May 2016 Slide #15
16 Bond Issuance Summary Proposed bond issuance up to $11,000,000. Developer responsible for paying all costs of issuing bonds. Issuance pursuant to SDHC bond policy. Bonds issuance will not create financial liability to SDHC, Housing Authority, or City of San Diego. Neither full faith and credit nor taxing power of City, nor full faith and credit of Housing Authority will be pledged for payment of the bonds. Slide #16
J.P. Correia Senior Real Estate Project Manager Real Estate Division
(SDHC) Revised Preliminary Bond Authorization for Hillside Views Apartments Housing Authority Agenda Item #3 and City Council Item #331 June 26, 2018 J.P. Correia Senior Real Estate Project Manager Real
More informationTrolley Residential Apartments Final Bond Authorization Loan Modification and Preliminary Bond Items February 13, 2015
Trolley Residential Apartments Final Bond Authorization May Trolley 8, 2015 Residential Loan Modification and Preliminary Bond Items February 13, 2015 Ted Miyahara Director of Housing Finance Real Estate
More informationSan Diego Housing Commission Preliminary Bond Authorization for Mariner s Village November 30, 2018
Preliminary Bond Authorization for Mariner s Village November 30, 2018 Tina Kessler Housing Programs Manager Real Estate Division Recommendations That the (SDHC): 1. Enter into an Option to Ground Lease
More informationDecember Loan Modification 8, 2015 and Preliminary Bond Items February 13, 2015 Ted Miyahara Director of Housing Finance
Torrey San Diego Vale Apartments Housing Commission Final Bond Authorization for Torrey Vale Housing Trolley Authority Residential of the City of San Diego December Loan Modification 8, 2015 and Preliminary
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 106 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: June 16, 2017 COUNCIL DISTRICT(S): 3 ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Ted Miyahara (619) 578-7548
More informationREPORT. Atmosphere Loan Recommendation and Atmosphere II Preliminary Bond Items
REPORT DATE ISSUED: May 5, 2014 REPORT NO: HCR14-042 ATTENTION: SUBJECT: Chair and Members of the San Diego Housing Commission For the Agenda of June 20, 2014 Atmosphere Loan Recommendation and Atmosphere
More informationREVISED REPORT TO THE HOUSING AUTHORITY OF SAN DIEGO
REVISED REPORT TO THE HOUSING AUTHORITY OF SAN DIEGO DATE ISSUED: October 3, 2016 REPORT NO: HAR16-035 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For the Agenda
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET. MEETING DATE: October 6, 2017
ITEM 101 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET MEETING DATE: October 6, 2017 HCR17-043 SUBJECT: Disposition of Town & Country Apartments and Final Bond Authorization and related
More informationREPORT. For the Agenda of February 25, 2005
REPORT DATE ISSUED: February 18, 2005 ITEM 104 REPORT NO.: SUBJECT: HCR05-20 For the Agenda of February 25, 2005 Preliminary Actions Pursuant to Issuing Multifamily Housing Revenue Bonds for Delta Village
More informationREPORT. DATE ISSUED: November 10, 2006 REPORT NO: HCR Chair and Members of the Housing Commission For the Agenda of November 17, 2006
REPORT DATE ISSUED: November 10, 2006 REPORT NO: HCR 06-90 ATTENTION: SUBJECT: Chair and Members of the Housing Commission For the Agenda of November 17, 2006 Preliminary Items Pursuant to Issuing Multifamily
More informationREPORT TO THE HOUSING AUTHORITY
REPORT TO THE HOUSING AUTHORITY DATE ISSUED: May 4, 2015 REPORT NO: HAR15-015 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For the Agenda of June 16, 2015 Final
More informationREPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO
REPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO DATE ISSUED: November 13, 2017 REPORT NO: HAR17-031 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For
More informationREPORT. San Diego Square Apartments Final Financing Authorization
REPORT DATE ISSUED: September 17, 2014 REPORT NO: HCR14-072 ATTENTION: SUBJECT: Chair and Members of the San Diego Housing Commission For the Agenda of October 10, 2014 San Diego Square Apartments Final
More informationREPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO
ITEM 2 REPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO DATE ISSUED: March 20, 2018 REPORT NO: HAR18-014 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego
More informationREPORT. For the Agenda of February 25, 2005
REPORT DATE ISSUED: February 18, 2005 ITEM 103 REPORT NO.: SUBJECT: HCR05-19 For the Agenda of February 25, 2005 Preliminary Items Pursuant to Issuing Multifamily Housing Revenue Bonds for Fairbanks Ridge
More informationEXECUTIVE SUMMARY ITEM 103 HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 103 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: June 16, 2017 COUNCIL DISTRICT(S): 8 ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Ted Miyahara (619) 578-7548
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 102 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: January 3, 2019 COUNCIL DISTRICT(S): 9 ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Tina Kessler (619)
More informationITEM 2 REQUEST FOR HOUSING AUTHORITY ACTION CITY OF SAN DIEGO TO: DATE: 6/28/2017 FROM (ORIGINATING DEPARTMENT): CITY COUNCIL
ITEM 2 REQUEST FOR HOUSING AUTHORITY ACTION CITY OF SAN DIEGO TO: FROM (ORIGINATING DEPARTMENT): CITY COUNCIL Housing Commission SUBJECT: Preliminary Bond Authorization for The Post 310 Apartments PRIMARY
More informationREPORT TO THE HOUSING AUTHORITY
REPORT TO THE HOUSING AUTHORITY DATE ISSUED: October 12, 2012 REPORT NO: HAR12-043 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For the Agenda of November 27,
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 106 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: July 28, 2017 SUBJECT: Preliminary Bond Authorization for Civita II Family Apartments COUNCIL DISTRICT(S): 7 ORIGINATING DEPARTMENT:
More informationREPORT. For the Agenda of May 20, 2005
REPORT DATE ISSUED: May 13, 2005 ITEM 104 REPORT NO.: SUBJECT: HCR05-47 For the Agenda of May 20, 2005 Final Authorization to Issue Multifamily Housing Revenue Bonds for Fairbanks Ridge Apartments (Council
More informationREPORT. San Diego Square - Loan Recommendation and Preliminary Bond Items
REPORT DATE ISSUED: August 15, 2013 REPORT NO: HCR13-011 ATTENTION: SUBJECT: Chair and Members of the San Diego Housing Commission For the Agenda of September 13, 2013 San Diego Square - Loan Recommendation
More informationREPORT TO THE CITY COUNCIL & HOUSING AUTHORITY
REPORT TO THE CITY COUNCIL & HOUSING AUTHORITY DATE ISSUED: August 29, 2013 REPORT NO: HAR13-011 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For the Agenda of
More informationREPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO
REPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO DATE ISSUED: November 17, 2015 REPORT NO: HAR15-029 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For
More informationSan Diego Housing Commission Final Bond Authorization Wakeland - City Heights Ten (Scattered Sites) December 6, 2013
Final Bond Authorization Ten (Scattered Sites) December 6, 2013 Ann Kern Senior Director, Housing Finance and Program Development Real Estate Division Properties Map 2 Properties Map 3 Site One: Alta Vista
More informationHousing Authority of the City of San Diego Disposition of Hotel Metro June 25, 2013
Disposition of Hotel Metro June 25, 2013 Ann Kern Director, Housing Development and Finance Real Estate Division Ted Miyahara Manager, Real Estate Division San Diego Housing Commission Slide #2 Hotel Metro
More informationTRANSMITTAL THE COUNCIL THE MAYOR TRANSMITTED FOR YOUR CONSIDERATION. PLEASE SEE ATTACHED. ERIC GARCETTI Mayor. To: Date: 10/25/2016.
TRANSMITTAL To: Date: 10/25/2016 THE COUNCIL From: THE MAYOR TRANSMITTED FOR YOUR CONSIDERATION. PLEASE SEE ATTACHED. (Ana Guerrero) ERIC GARCETTI Mayor 4! ;: f I P r 'A n. \ IN Los Angeles HOUSING + COMMUNITY
More informationCITY OF SANTA ROSA CITY COUNCIL
CITY OF SANTA ROSA CITY COUNCIL Agenda Item #13.1 For Council Meeting of: February 5, 2013 TO: SUBJECT: STAFF PRESENTER: AGENDA ACTION: MAYOR AND CITY COUNCIL REQUEST FROM SONOMA CREEKSIDE EAH II, LP TO
More informationINFORMATIONAL REPORT
INFORMATIONAL REPORT DATE ISSUED: February 2, 2017 REPORT NO: HCR17-018 ATTENTION: Chair and Members of the San Diego Housing Commission For the Agenda of February 10, 2017 SUBJECT: Multifamily Bond Program
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 106 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET MEETING DATE: February 8, 2019 COUNCIL DISTRICT(S): 8 SUBJECT: Loan Recommendation for Hollister Apartments ORIGINATING DEPARTMENT:
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 103 DATE: May 5, 2017 COUNCIL DISTRICT(S): 3 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Ted Miyahara (619) 578-7548
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET. DATE: January 12, 2018 HCR18-002
ITEM 103 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: January 12, 2018 HCR18-002 SUBJECT: Authorization to purchase Land of San Diego Square from City of San Diego Authorization to
More informationREPORT. DATE ISSUED: December 19, 2014 REPORT NO: HCR Chair and Members of the San Diego Housing Commission For the Agenda of January 16, 2015
REPORT DATE ISSUED: December 19, 2014 REPORT NO: HCR15-008 ATTENTION: SUBJECT: Chair and Members of the San Diego Housing Commission For the Agenda of January 16, 2015 COUNCIL DISTRICT: 9 REQUESTED ACTION
More informationGroundhog Day Resyndicating Your Portfolio Projects After Year 15
Groundhog Day Resyndicating Your Portfolio Projects After Year 15 Laura Kobler California Housing Partnership Corporation Mark Stivers California Tax Credit Allocation Committee Kyle B. Arndt Bocarsly
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 105 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: February 1, 2017 ORIGINATING DEPT: Real Estate Division BOARD REPORT: Encanto Village Loan Recommendation CONTACT/PHONE NUMBER:
More informationREPORT. Chair and Members of the San Diego Housing Commission For the Agenda of June 20, Final Bond Authorization for Westminster Manor
REPORT DATE ISSUED: May 23, 2014 REPORT NO: HCR14-050 ATTENTION: SUBJECT: Chair and Members of the San Diego Housing Commission For the Agenda of June 20, 2014 Final Bond Authorization for Westminster
More informationINFORMATIONAL REPORT
INFORMATIONAL REPORT DATE ISSUED: February 1, 2018 REPORT NO: HAR18-017 ATTENTION: Chair and Members of the San Diego Housing Commission For the Agenda of February 9, 2018 SUBJECT: Multifamily Bond Program
More informationARLINGTON COUNTY, VIRGINIA
ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of September 18, 2004 DATE: August 25, 2004 SUBJECT: Consideration of the Refinancing and Refunding of the Lee Gardens Housing Corporation (an
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 101 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: January 3, 2019 COUNCIL DISTRICT(S): 3 ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Tina Kessler (619)
More informationCALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE (CDLAC) UPDATE. Jeree Glasser, Executive Director
CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE (CDLAC) UPDATE Jeree Glasser, Executive Director 1 Qualified Residential Rental Program Expiration, Performance Deposits, Performance Forfeiture Create a two
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 107 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: January 31, 2019 COUNCIL DISTRICT(S): 7 SUBJECT: Loan Recommendation for Trinity Apartments ORIGINATING DEPARTMENT: Real Estate
More informationRiver Trace Apartments (fka River Trace Senior Apartments) MMRB 2000 Series V / 4% HC C
Page 1 of 10 To: From: Brantley Henderson Florida Housing Finance Corporation Thais Pepe, Senior Credit Underwriter First Housing Development Corporation Date: Subject: River Trace Apartments (fka River
More information9% Low Income Housing Tax Credits Pre-Applications with Texas Department of Housing and Community Affairs for 2008 Funding Year.
9% Low Income Housing Tax Credits Pre-Applications with Texas Department of Housing and Community Affairs for 2008 Funding Year A Briefing To The Housing Committee Housing Department February 4, 2008 Purpose
More informationDeveloper Non Managing Member- Historic Tax Credit Investor. Managing Member- Developer. Developer Fee Capital Contribution Tax Capital Contributions
Developer Managing Member- Developer Non Managing Member- Historic Tax Credit Investor Developer Fee Capital Contribution Tax Credits Capital Contributions Building Owner LLC/ Master Landlord Managing
More informationREPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO
REPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO DATE ISSUED: November 17, 2017 REPORT NO: HAR17-032 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For
More informationIsiah Senior Apartments Westchester, IL
Isiah Senior Apartments Westchester, IL Michaels Development Company 542 S. Dearborn St., Suite 560 Chicago, IL 60605 Hume An Vice President of Acquisitions and Development of the Midwest Region Phone:
More informationSan Diego Housing Commission Finance Plan Update as of September Real Estate Department San Diego Housing Commission November 15, 2011
San Diego Housing Commission Finance Plan Update as of September 2011 Real Estate Department San Diego Housing Commission November 15, 2011 Background SDHC transitioned out of Public Housing in September
More informationCITY OF GAINESVILLE APPLICATION FOR TAD FINANCING
CITY OF GAINESVILLE APPLICATION FOR TAD FINANCING For the Guidelines for Evaluating Requests, Refer to the Midtown TAD Policies & Procedures (Resolution BR-2009-08) FOR STAFF USE ONLY: Date Application
More informationIT IS RECOMMENDED THAT YOUR BOARD, ACTING AS THE GOVERNING BODY OF THE COUNTY OF LOS ANGELES:
July 9, 2002 Honorable Board of Supervisors County of Los Angeles 383 Kenneth Hahn Hall of Administration 500 West Temple Street Los Angeles, California 90012 Honorable Board of Commissioners Housing Authority
More informationCITY OF MORENO VALLEY, CALIFORNIA COMMUNITY FACILITIES DISTRICT NO. 5 CONTINUING DISCLOSURE REPORT FOR FISCAL YEAR 2009/10
CITY OF MORENO VALLEY, CALIFORNIA COMMUNITY FACILITIES DISTRICT NO. 5 CONTINUING DISCLOSURE REPORT FOR FISCAL YEAR 2009/10 Report Date: FEBRUARY 2011 Prepared by: PUBLIC WORKS DEPARTMENT SPECIAL DISTRICTS
More informationREPORT. DATE ISSUED: March 5, 2014 REPORT NO: HCR Chair and Members of the San Diego Housing Commission For the Agenda of March 14, 2014
REPORT DATE ISSUED: March 5, 2014 REPORT NO: HCR14010 ATTENTION: Chair and Members of the San Diego Housing Commission For the Agenda of March 14, 2014 SUBJECT: Loan Recommendation for Veterans Village
More informationREPORT. DATE ISSUED: February 3, 2006 ITEM 103. Loan to San Diego Youth and Community Services for Transitional Housing (Council District 3)
1625 Newton Avenue San Diego, California 92113-1038 619/231 9400 FAX: 619/544 9193 www.sdhc.net REPORT DATE ISSUED: February 3, 2006 ITEM 103 REPORT NO.: HCR06-11 For the Agenda of February 10, 2006 SUBJECT:
More informationFrequently Asked Questions Regarding the FY-2016 Rental Production NOFA
Frequently Asked Questions Regarding the FY-2016 Rental Production NOFA These FAQ s provide answers to common questions regarding MHDC s FY-2016 NOFA application process. The FAQ is divided into three
More informationMemorandum. On Monday, October 21, 2013, you will be briefed on The Park at Cliff Creek Apartments. A copy of the briefing material attached.
Memorandum CITY OF DALLAS DATE October 18, 2013 TO SUBJECT Housing Committee Members: Carolyn R. Davis (Chair), Scott Griggs (ViceChair), Monica Alonzo, Rick Callahan, Dwaine Caraway, and Phillip Kingston
More informationEXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET
ITEM 104 EXECUTIVE SUMMARY HOUSING COMMISSION EXECUTIVE SUMMARY SHEET DATE: June 16, 2017 COUNCIL DISTRICT(S): 3 ORIGINATING DEPARTMENT: Real Estate Division CONTACT/PHONE NUMBER: Ted Miyahara (619) 578-7548
More informationCHAPTER TAX CREDITS AND SUBSIDY LAYERING. The Table of Contents
UNIT 12.0 PRESERVATION CHAPTER 12.10 TAX CREDITS AND SUBSIDY LAYERING The Table of Contents 12.10.1 Purpose.. I-1 12.10.2 Applicability.. I-2 12.10.3 Definitions and Acronyms... I-2 12.10.4 LIHTC s and
More informationBoulevard Art Lofts Page 1
March 2, 2015 Mr. Robert Dearduff, Special Programs Administration Florida Housing Finance Corporation City Centre Building 227 North Bronough Street, Suite 5000 Tallahassee, Florida 32301-1329 Re: Boulevard
More informationHousing Committee April 6, 2015
Deaf Action Center Martha's Vineyard Place Housing Committee April 6, 2015 Purpose Provide background information on the Deaf Action Center s Martha Vineyard project Seek Housing Committee approval for
More informationTexas State Affordable Housing Corporation
The has approved these policies and request for proposals ( RFP ) for its multifamily tax-exempt bond programs for calendar year 20162017. These policies and RFP are updated annually to inform the public
More informationEXHIBIT E LOW INCOME HOUSING TAX CREDIT APPLICATION REQUIREMENTS
EXHIBIT E LOW INCOME HOUSING TAX CREDIT APPLICATION REQUIREMENTS A. Application for Tax Credit Reservation or Tax-Exempt Bond Conditional Commitment shall Include: 1. Complete application form (current
More informationREGULAR MEETING AGENDA. December 20, 2018 at 2:00 p.m. California State Association of Counties 1100 K Street, 1st Floor, Sacramento, CA 95814
REGULAR MEETING AGENDA December 20, 2018 at 2:00 p.m. California State Association of Counties 1100 K Street, 1st Floor, Sacramento, CA 95814 Telephonic Locations: County of Yuba 915 8th Street, Marysville,
More informationSan Diego Housing Commission Proposed Fiscal Year 2019 Affordable Housing Fund Annual Plan April 6, 2018
Proposed Fiscal Year 2019 April 6, 2018 Julia Sauer Director, Compliance/Grants/Special Programs Procurement & Compliance Jasmine Kotlarz Special Programs Manager Procurement & Compliance Recommendations
More informationProposal to the City of Walnut Creek November 17, 2015 Riviera Family Apartments
November 17, 2015 Riviera Family Apartments Resources for Community Development (RCD) thanks the City of Walnut Creek for its commitment to affordable housing and for providing substantial funding for
More informationFairport Urban Renewal Agency. Application for Financial Assistance I. APPLICANT. A. Company Name. F. Bank References. Address.
URBAN RENEWAL AGENCY 31 South Main Street Fairport, New York 14450 www.fairportoced.org Application for Financial Assistance Contact: Martha M. Malone E-Mail: marthamalone@fairportny.com Phone: 585-421-3240
More informationNC General Statutes - Chapter 116 Article 21B 1
Article 21B. The Centennial Campus, the Horace Williams Campus, and the Millenial Campuses Financing Act. 116-198.31. Purpose of Article. The purpose of this Article is to authorize the Board of Governors
More informationNEW BOND ISSUE REPORT
Name of Bond Issue: Purpose of Issue: Name of Project: NEW BOND ISSUE REPORT Kentucky Housing Corporation Tax-Exempt Conduit Multifamily Housing Revenue Bonds (Winterwood HPW Portfolio), Series 2018 The
More informationUNIT INFORMATION (Complete the yellow-shaded areas) Gross monthly rent per. # of baths
Project Name: Project #: UNIT INFORMATION (Complete the yellowshaded areas) Residential Finished Sq. Ft. per unit* Gross monthly rent per Less tenant paid Net monthly rent per # of bedrooms per unit #
More informationGOLDEN STATE FINANCE AUTHORITY MULTI-FAMILY HOUSING BOND PROGRAM
Golden State Finance Authority (GSFA) 1215 K Street, Suite 1650 Sacramento, California 95814 : (855) 740-8422 Fax: (916) 444-3219 www.chfloan.org GOLDEN STATE FINANCE AUTHORITY Section 2 APPLICATION FORM
More informationNORTH SAN PEDRO HOUSING PROJECT/AFFORDABLE HOUSING
COUNCIL AGENDA: 6/13/17 ITEM: 9.2 CITY OF SAN IPSE CAPITAL OF SILICON VALLEY TO: HONORABLE MAYOR, CITY COUNCIL AND SUCCESSOR AGENCY BOARD Memorandum FROM: Richard A. Keit Jacky Morales-Ferrand SUBJECT:
More informationBernalillo County Project Revenue Bond Application Approval. Bernalillo County Commission Board Meeting Date: September 27, 2016 A.
Bernalillo County Project Revenue Bond Application Approval Bernalillo County Commission Board Meeting Date: A. Executive Summary 1. Applicant: La Vida Nueva Housing, L.P. 2. Project Location: 1200 Dickerson
More informationRHODE ISLAND HOUSING Application for Letter of Eligibility
RHODE ISLAND HOUSING Application for Letter of Eligibility GENERAL INFORMATION 1. Name of Development: 2. Address of Site: Plat, Lot(s) 3. City/Town: Zip Code: 4. Development Entity: Name of Principal:
More informationOVERVIEW OF TAX-EXEMPT AFFORDABLE HOUSING BONDS
1075 Peachtree Street, N.E. Suite 2500 Atlanta, GA 30309-3962 (404) 885-1500 Fax (404) 892-7056 www.seyfarth.com (404) 888-1883 direct danmcrae@mindspring.com dmcrae@seyfarth.com OVERVIEW OF TAX-EXEMPT
More informationLas Cortes Development
Las Cortes Development Housing Authority Board of Commissioners November 10, 2015 Arial view of current site Re-Development of The Courts (Cal Project 31-1) Presently 260 units of Public Housing On 25
More informationAugust 18, Londontowne Lane (PLP) Dear Mr. Dearduff:
Mr. Robert Dearduff Special Programs Administration Florida Housing Finance Corporation City Centre Building 227 North Bronough Street, Suite 5000 Tallahassee, Florida 32301-1329 Re: Londontowne Lane 2017-006-09
More informationCOUNTY OF RIVERSIDE EXECUTIVE OFFICE
JAY E. ORR COUNTY EXECUTIVE OFFICER COUNTY OF RIVERSIDE EXECUTIVE OFFICE GEORGE A. JOHNSON CHIEF ASSISTANT COUNTY EXECUTIVE OFFICER ROB FIELD ASSISTANT COUNTY EXECUTIVE OFFICER ECONOMIC DEVELOPMENT AGENCY
More informationREPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO
REPORT TO THE HOUSING AUTHORITY OF THE CITY OF SAN DIEGO DATE ISSUED: February 9, 2016 REPORT NO: HAR16-002 ATTENTION: SUBJECT: Chair and Members of the Housing Authority of the City of San Diego For the
More informationMultifamily Housing Revenue Bond Rules
Multifamily Housing Revenue Bond Rules 12.1. General. (a) Authority. The rules in this chapter apply to the issuance of multifamily housing revenue bonds ("Bonds") by the Texas Department of Housing and
More informationRevised April 26, 2012 April 30, 2012
BOARD OF EDUCATION OF HARFORD COUNTY A DECISION ON REFINANCING THE A.A. ROBERTY BUILDING CERTIFICATES OF PARTICIPATION AND THE HARFORD COUNTY PHASE I AND PHASE II ENERGY LEASES DATED 1//001 AND 1/1/00
More informationCalifornia Tax Credit Allocation Committee Update. Mark Stivers Executive Director
California Tax Credit Allocation Committee Update Mark Stivers Executive Director 1 2018 9% Tax Credit Results Awarded 36 second round projects in September, totaling 2145 units. TCAC will swap out state
More informationVOLUME CAP SELECTION CRITERIA APPLICATION GUIDE TABLE OF CONTENTS
VOLUME CAP SELECTION CRITERIA APPLICATION GUIDE TABLE OF CONTENTS APPLICATION PROCESS AND TIMELINE ELIGIBILITY VOLUME CAP SELF SCORE TOTAL DEVELOPMENT COST CAPS EQUITABLE DISTRIBUTION TIE-BREAKER RANKING
More informationREVISED COMMUNITY LEVERAGING ASSISTANCE INITIATIVE MORTGAGE (ReCLAIM) Pilot Phase of Program
REVISED COMMUNITY LEVERAGING ASSISTANCE INITIATIVE MORTGAGE (ReCLAIM) Pilot Phase of Program Program Overview and Request for Proposals (RFP) September 2014 The Pennsylvania Housing Finance Agency (PHFA)
More informationCHAPTER V: IMPLEMENTING THE PLAN
CHAPTER V: IMPLEMENTING THE PLAN A range of resources is available to fund the improvements included in the Action Plan. These resources include existing commitments of County funding, redevelopment-related
More informationREGULAR MEETING AGENDA. May 17, 2018 at 2:00 p.m. California State Association of Counties 1100 K Street, 1st Floor, Sacramento, CA 95814
REGULAR MEETING AGENDA May 17, 2018 at 2:00 p.m. California State Association of Counties 1100 K Street, 1st Floor, Sacramento, CA 95814 Telephonic Locations: County of Butte 7 County Drive, Oroville,
More informationRFP REQUEST FOR PROPOSAL. for TAX CREDIT ADVISOR SERVICES. for BOULDER HOUSING PARTNERS. March 6, 2012 Requested Return: March 15, 2010
RFP 06-2012 REQUEST FOR PROPOSAL for TAX CREDIT ADVISOR SERVICES for BOULDER HOUSING PARTNERS March 6, 2012 Requested Return: March 15, 2010 Boulder Housing Partners 4800 Broadway Boulder, CO 80304 (720)
More informationDraft Roosevelt Income Restricted Housing Analysis
APPENDIX F Draft Roosevelt Income Restricted Housing Analysis Prepared for: Presented by: Sound Transit May 5, 2016 C/o Jeff Lehman, KPFF 1601 5th Avenue, Suite1600 Seattle, WA 98101 (206) 622 5822 Jeff.Lehman@kpff.com
More informationTHE SOUTHEAST TEXAS HOUSING FINANCE CORPORATION
THE SOUTHEAST TEXAS HOUSING FINANCE CORPORATION Rules for Financing Multifamily Residential Rental Developments Effective for Bonds Issued After December 1, 1996 ARTICLE I PURPOSE AND SCOPE A. General.
More informationARLINGTON COUNTY, VIRGINIA. County Board Agenda Item Meeting of September 24, 2016
ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of September 24, 2016 DATE: September 20, 2016 SUBJECT: Allocation of Fiscal Year 2017 Affordable Housing Investment Fund (AHIF) loan funds for
More informationFinance Tool for Townhome and Condo Association Improvements.
Community Development Department Housing Improvement Area Finance Tool for Townhome and Condo Association Improvements. A Housing Improvement Areas (HIA) is a defined area within a city where housing improvements
More informationINTRODUCTION REQUEST FOR PROPOSALS SUMMARY
PENNSYLVANIA HOUSING FINANCE AGENCY REQUEST FOR PROPOSALS 2018 Tax Exempt Qualified Residential Rental Facilities Seeking Private Activity Bond Allocations INTRODUCTION Private activity bonds to finance
More informationAPPROVAL OF THE AGENDA RECOMMENDATION: Move to approve the agenda Motion Second Vote
City of Calimesa SPECIAL WORKSHOP OF THE CITY COUNCIL AGENDA Monday, September 11, 2017-2:30 p.m. Norton Younglove Multipurpose Senior Center 908 Park Avenue, Calimesa, CA 92320 Jeff Hewitt, Mayor Bill
More information0,...0 Los Angeles W orld Airports
Date 0,...0 Los Angeles W orld Airports Report to the BOARD OF AIRPORT COMMISSIONERS Meeting Date: owers, Deputy Executive Director May 21, 2013 Reviewed by: Stev CAO Review: Completed Pending. N/A City
More informationARLINGTON COUNTY, VIRGINIA
ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of November 16, 2004 DATE: November 5, 2004 SUBJECT: Allocation of Fiscal Year (FY) 2005 Affordable Housing Investment Fund (AHIF)/HOME) loan
More informationLETTER OF INTENT. NOW, THEREFORE, the parties hereby mutually intend as follows:
LETTER OF INTENT This Letter Intent ("LOI") is entered into this day, 2011 by and among the City Ann Arbor, Michigan (the City ), the Downtown Development Authority the City Ann Arbor ( DDA ) and Valiant
More informationInclusionary Affordable Housing Implementation & Monitoring Procedures
Regulations pertaining to the City of San Diego s Inclusionary Housing Program ( Program ) are incorporated in San Diego Municipal Code ( SDMC ) Chapter 14, Article 2, Division 13 (the Inclusionary Regulations
More informationPartnering To Develop Affordable Housing
Partnering To Develop Affordable Housing Prepared by: Franke Consulting Group As part of the Development Seminar Series Under contract to: New York State Division of Housing & Community Renewal New York
More informationREGULAR MEETING AGENDA. February 7, 2019 at 2:00 p.m. League of California Cities 1400 K Street, 3rd Floor, Sacramento, CA 95814
REGULAR MEETING AGENDA February 7, 2019 at 2:00 p.m. League of California Cities 1400 K Street, 3rd Floor, Sacramento, CA 95814 Telephonic Locations: County of Solano 675 Texas Street, Fairfield, CA 94533
More informationESCROW AGREEMENT RELATING TO THE DEFEASANCE OF PORTIONS OF
ESCROW AGREEMENT RELATING TO THE DEFEASANCE OF PORTIONS OF $168,838,667.35 CHABOT-LAS POSITAS COMMUNITY COLLEGE DISTRICT (Alameda and Contra Costa Counties, California) General Obligation Bonds, Election
More informationCapital Revenue Projections Presented to the Finance Committee May 31, 2008
Capital Revenue Projections Presented to the Finance Committee May 31, 2008 Millage Growth as of June 4, 2008 The FY 2008 Five Year Plan was based on growth of 4.5% per year. The state projection for the
More informationMULTIFAMILY TAX-EXEMPT BOND AUTHORITY PROGRAM DESCRIPTION FOR 2019
MULTIFAMILY TAX-EXEMPT BOND AUTHORITY PROGRAM DESCRIPTION FOR 2019 Administered by The Multifamily Programs Division of Tennessee Housing Development Agency Ralph M. Perrey, Executive Director Approved
More informationGoals and Policies Concerning Use of MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982
Goals and Policies Concerning Use of MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 Section TABLE OF CONTENTS Page Introduction 1 1 Policy & Goals 1 2 Definitions 2 3 Eligible Public Facilities 3 4 Value-to-Lien
More information