Joint Consideration of
Monte Vista Affordable Housing Site
Development Review 23
-
003, CEQA Exemption,
Affordable Housing Agreement, Ground Lease, and
Summary 33433 Report
Project Milestones
Staff Authorized to issue RFQ/RFP December 15, 2020
Issuance of RFQ January 4, 2021
Issuance of Invite-Only RFP April 8, 2021
Proposal Review and Developer Selection Process May 18, 2021 – August 15, 2021 Board Approval of Developer Selection August 16, 2022
Execution of ENRA with Proposed Developer August 17, 2022 Community Meeting 1 December 5, 2022
Entitlements Application Submittal April 5, 2023
Community Meeting 2 April 25, 2024
City Council/HA Board Approval of AHA and Entitlements November 19, 2024 Affordable Housing Agreement Conditions
•
Affordable Housing Agreement
• Minimum of 70 years
• 49% (29) of units restricted to less than 59% AMI
•
Ground Lease Loan
• $4,590,000
• Requires annual repayment from operating budget
• Minimum of 70 years to potentially 99 years
• Land and improvements revert to Authority ownership
upon expiration
• 33433 Summary Report
Proposed Financial Sources
Supportable Permanent Loan $9,866,000
Tax Credit Equity Investment – Federal $13,171,000
Tax Credit Equity Investment – State $6,684,000
Deferred Developer Fee $1,300,000
General Partner Equity Contribution $1,100,000
Department of Developmental Services (DDS) $2,250,000
County of San Diego $3,000,000
Federal Home Loan Bank Affordable Housing Program (AHP) $1,000,000 $38,371,000
Affordability Mix and Supportive Services
• 60 Units
• 18 units at 30% AMI
• 10 units at 50% AMI
• 31 units at 59% AMI
• 1 Manager’s Unit
• Supportive Services
• Job Readiness
• Eviction Prevention
• Physical Fitness Classes
• Community Socialization Events
• Life Skills Workshops
• Tax Assistance
• Financial Literacy
• Referrals for Community Services
Zoning and Location Maps
Project
Site
Pomerado Hospital
Site Plan & Conceptual Landscape Plan
BLDG. 1
BLDG. 2 BLDG. 3
Floor Plans
Floor Plan of Community Building
Multi-Purpose Room
Lobby
Kitchen
Office
Laundry
Office
Interview Rm.
Work Rm.
Renderings
–
Aerial View Looking North
Project
Renderings
–
View from Monte Vista Road
Rendering of Courtyard
Affordable Housing Concessions & Incentives
RA Zone Standard Regulatory Concession/Incentives
Maximum two-story allowable
development Three-story
6- foot retaining wall height and/or
combination of wall and fence height
Up to 13 feet retaining wall height and up to
19 feet for combined retaining wall and
fence height
250 cubic feet per unit of lockable storage 120 to 124 cubic feet on average 10 percent of private open space based
on the square footage of the unit
7 percent for 2-bedroom units
5 percent for 3-bedroom units
RA Zone Standard Requested Waiver
50 trees per acre Less than 50 trees per acre
Affordable Housing Waivers
• Categorical Exemption Class 32 In-fill Project
• Traffic Level of Service A for Monte Vista Road
• Level of Service B for Intersection of Monte Vista Road and Pomerado Road
Environmental CEQA Exemption
Questions and Comments