N
OFA APPLICATION
Attachment 1
CITY OF MOUNTAIN VIEW
FEBRUARY 5, 2014 NOFA APPLICATION
PROJECT APPLICANT
1. Project Applicant:
Applicant Name (Organization/Agency):
Principal (with Power of Attorney):
Primary Contact Person:
Address:
Phone No.: Fax No.:
E-Mail: Federal Tax ID No.:
What is the role of the Applicant in the project? (check all that apply)
Ownership Entity
Managing Partner or Managing Member
Sponsoring Organization
Developer
Other (describe):
2. Legal Status of Applicant:
General Partnership Limited Partnership Corporation Joint Venture1 Nonprofit Organization
Other (specify):
3. Status of Organization:
Currently Exists
To be formed, estimated date:
1 If the Applicant is a Joint Venture, a Joint Venture Agreement is required, clearly describing the roles and responsibilities of each partner, who is the lead partner or if the responsibilities are approximately equally split between the partners.
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4. Name(s) of individual(s) who will be General Partner(s) or Principal Owner(s):
PROJECT DESCRIPTION
5. Project Name:
Project Address:
Assessor's Parcel No.:
Census Tract:
6. Project Type (check all that apply):
Rental Ownership
Family Special Needs SRO/Studio Apartments
Senior Other (describe):
7. Project Activity (check all that apply):
Acquisition
Rehabilitation
Redevelopment
New Construction
Expiring Tax Credit Property
Mixed Income
Mixed Use
Other (please specify):
8. Project Description:
No. Units: Commercial/Office Uses (specify):
No. Res. Bldgs.: Commercial Floor Area:
No. Stories: Office Floor Area:
Land Area: Elevators:
Residential Floor Area: Other Uses (specify):
Community Room(s)
Floor Areas:
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9. Parking:
Total Parking Spaces:
Parking Type:
Residential Spaces and Ratio:
Guest Spaces:
Commercial Spaces and Ratio:
Office Spaces and Ratio:
10. Number of Housing Units by Income Category:
Category
Number of Units Percentage of Units
0% to 30% AMI (Extremely Low-Income)
31% to 50% AMI (Very Low-Income)
51% to 80% AMI (Low-Income)
Unrestricted
11. Unit Amenities (air conditioning, laundry in unit, balconies, etc.):
12. Number of Unit Types:
Studio
1 Bedroom
2 Bedroom
3 Bedroom
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PROJECT NARRATIVE
13. Project Description:
Provide a brief narrative summary of the proposed project. Please include location, project type (new versus rehab), target population and any unique project characteristics.
14. Project Design:
Provide a description of the project's architectural and site plan concepts and how these concepts address the opportunities and limitations of the site and location.
15. Green Building Features:
Describe the green building features that will be incorporated into the project.
16. On-Site Amenities:
Describe any on-site amenities, including any project characteristics that address the special needs of the population you intend to serve.
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17. Neighborhood/Off-Site Amenities:
Describe the property location, neighborhood, transportation options, local services and amenities within 1/4-mile and 1/2-mile of the site.
18. Potential Development Obstacles:
Are there any known issues or circumstances that may delay or create challenges for the project? If yes, list issues below, including an outline of steps that will be taken and the time frame needed to resolve these issues.
SITE INFORMATION
19. Site Control:
a. Site control at the time of application is required. What is the level of site control currently held by the applicant?
b. Will site acquisition be a purchase or long-term lease?
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c. What is the purchase price of the land? (For proposed leaseholds, indicate the am
ount of the annual lease payment and the basis for determining that amount). d.
What is the appraised value of the site? Briefly describe the type of valuation cited. e.
Who is the current property owner and what is their address and contact i
nformation?
20. Si
te Information:
a.
Total square footage of site:
b.
Existing uses on the site, number of existing units, existing unit size and the approximate square footage of all structures:
c. Pl
anned use of on-site existing structures:
Demolish Rehabilitate
Other (describe):
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The purchase price of land acquisition is $5,350,000; Public Storage will be donating additional land to Alta Housing at the time of entitlements (owner prior to entitlements) Public Storage, Bryan Miranda, [email protected]
d. Provide the following information for each on-site building to be retained as part of this project:
Square Footage: Date Built: No. of Stories:
e. Provide a brief description of the condition of any buildings to be rehabilitated.
f. Describe unique site features (Heritage trees, parcel shape, etc.).
g. Identify problem site conditions (high noise levels, ingress/egress issues, etc.).
h. Is the site in a floodplain? Yes
No Map used:
If yes, type of floodplain (number of years):
i. Describe adjoining land uses:
West:
East:
North:
South:
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21. Zoning:
a. What i
s the current zoning of the project site?
b. Is the p
roposed project consistent with the existing zoning status of the site? Yes No (explain)
c. Indi
cate any discretionary review permits required for the project (Planned Community Permits, Design Review Permits, Rezoning, etc.). d. If re
zoning is required, identify the requested zoning district for the project.
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Our project has obtained gatekeeper approval per the City Council unanimous vote for the project to proceed.
22. Households and Businesses on Site
a. If reside
ntial exists on the proposed site, how many households currently reside on the property?
b. How many
of the residential units are vacant?
c. Have the te
nants signed a lease or a month-to-month rental agreement? d. If businesses are located on the site, provide the name, type of business and the associated square footage for each business.
23. Community Pr
iorities:
a. Explain
how this project meets the objectives of the housing goals and priorities identified in this NOFA and the goals and objectives of the City's Housing Element and General Plan.
PROJECT FUNDING
24. Project
Budget:
a. City Funds
Requested: $ Funds Per Assisted Unit: $
b. Total Pro
ject Cost: $ Cost Per Assisted Unit: $
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The project provides new housing units that are affordable and transit focused, meeting the goals of the housing element as well as the transportation strategies of the 2030 Comprehensive Plan. The proposed project will add around 10 8 new units of affordable
housing to the City's housing stock and serve low- and extremely low-income households.
These units will provide long-term affordability as they will remain affordable for at least 55 years. *costs without GC capital
contribution or soft loan interest
c. Other Sources of Permanent Financing (not including private bank loans):
Type of Fundi
ng Amount
9% Low-Income Housing Tax Credits
4% Low-Income Housing Tax Credits
CalHFA/Conventional Lender
Tax-Exempt Multi-Family Bonds
Multi-Family Housing Program (MHP)
Affordable Housing Program (AHP)
County of Santa Clara, Office of Affordable Housing
Housing Trust Silicon Valley
Stanford Housing Funds (administered by County of Santa Clara) Other:
d. How w
ill the requested City funding be used?
e. Amo
unt of developer fee and percentage of project cost:
f. Assess the chances of the project securing required funding and steps that will be taken to
make the project competitive. What is the self-scored nine percent (9%) tax credit tie breaker score for the project (if applicable)? CD-66^ (2-11) -10-
Infill Infrastructure Grant
Project has just completed a redesign to maximize cost competitiveness in funding, especially CDLAC bond funding. Since this project has a land donation, is cost effective and is a large family project in a high opportunity area, it should be able to secure funding. This project is too large to be a 9% project.
DEVELOPER EXPERIENCE
Develop
ers must have successfully completed a minimum of three affordable housing projects of similar size and complexity as the proposed project to qualify for this NOFA.
25. Provide a
summary of affordable housing experience:
Years E
xperience:
Number of Projects:
Number of Projects in Santa Clara County:
Average Size of Projects:
Number of Units Placed in Service:
26. Desc
ribe awards given to projects completed in the last 10 years.
27. Desc
ribe three projects completed in the last ten years that are similar to the proposed project and provide photographs of each project:
a. Project 1
Name o
f Project:
Location:
Number of Units:
Type of Development (senior, family, etc.):
Name of Project Manager:
Number of Stories:
Unit Types (studio, 1-bedroom, etc.):
Type of Construction:
Project Amenities:
Entitlement Date:
Occupancy Date:
Funding Sources:
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Clara, Stanford Affordable Housing Fund
b. Proje ct 2
Nam
e of Project:
Location:
Number of Units:
Type of Development (senior, family, etc.):
Name of Project Manager:
Number of Stories:
Unit Types (studio, 1-bedroom, etc.):
Type of Construction:
Project Amenities:
Entitlement Date:
Occupancy Date:
Funding Sources:
c. Proje ct 3
Name
of Project:
Location:
Number of Units:
Type of Development (senior, family, etc.):
Name of Project Manager:
Number of Stories:
Unit Types (studio, 1-bedroom, etc.):
Type of Construction:
Project Amenities:
Entitlement Date:
Occupancy Date:
Funding Sources:
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VHHP (State), US Bancorp, General Partner
carryback/accrued deferred interest/reserves
28. Personnel:
L
ist the names of key members of the applicant's development team, their titles, r
esponsibilities and their years of experience in affordable housing:
Pr
oject Staff N
ame R
ole in Proposed Project
Years of
Hsg Dev
Experience
Years with
this
Developer
Project
Manager
Director of
Real Estate
Development
Executive
Director
Chief
Financial
Officer
Other
Other
Other
29 . Other Team Members:
I
ndicate which of the following development team members have been selected and i
dentify them:
De
veloper, if Different from Applicant
Architect(s)/Engineer(s)
Attorney(s) and/or Tax Professionals
P
roperty Management Agent
F
inancial and Other Consultant(s)
General Contractor
Investor
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30. List all other participants and affiliates (people, businesses and organizations) proposing to participate in the project:
Name
Address
31. Prope
rty Management:
Desc
ribe how the property will be managed, including the number of staff, locations and management office hours.
32. If
the project will be managed by an agency other than the project applicant, describe the project applicant's role in the ongoing management of the project and resolution of management issues.
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The project will have a dedicated Alta Housing, on-site property manager who will live at the property. In addition, there will be 2 full time desk clerks, a full time security guard and a full time maintence employee. A management office will be located on site and staffed during normal business hours and extended hours with late night coverage. Emergency property management will be available 24/7.
33. List the names of key property management staff, their titles, responsibilities and their years of experience in affordable housing:
Nam
e
Title
(e.g., project
manager, intake staff) Job R
esponsibilities
Years
Experience in
Affordable
Housing
34. Ex
plain your marketing strategy and the tenant selection process (including how local CD-66^ (2-11) -15-
preferences will be handled) and the establishment and management of waiting lists.
We promote fair housing and comply with fair housing law and regulations through affirmative outreach and marketing efforts which are intended to reach extremely low, very low and low income households. AH will perform outreach directly through social service organizations that serve diverse populations in the City of Mountain View and Santa Clara County, community organizations, libraries, senior and cultural centers. AH will also do outreach through posting flyers at all properties it currently manages. AH will advertise in local and foreign language newspapers, including the Mountain View Voice, Daily Post, El Observador, India Currents, Pennysaver, and Korea Central Daily. AH bilingual staff will handle calls from prospective residents who speak Chinese, Hindi, Tagalog and Spanish. Potential tenants often call our offices and properties inquiring about projects in development prior to marketing and leas- up efforts. These callers' names and contact information will be places on a project interest list. Letters will be sent to all parties on the interest list notifying them at the same time as which the application period is advertised in the local newspapers or through local outreach efforts. A lottery, which will include every completed application received, will determine an applicant's place on the waiting list. Immediately following the lottery, applicants will be contacted to be interviewed, determine eligibility and complete the lease-up process. Applicants that either live or work in Mountain View will receive preference on the wait list.