Developer Selection for 855 E. Laurel Drive
for the Design and Development of an
Affordable Multifamily Rental Housing Project
Luis Ochoa, Sr. Community Development Analyst
Community Development Department
September 27, 2022
855 E. Laurel Drive – RFQ Process
RFQ Overview
City and County joint RFQ process
Published – May 6, 2022
Original Deadline – June 6,
2022
Final Deadline – June 24, 2022
100 % Affordable Multifamily
Rental housing Project
Minimum Units: 50
Lease Agreement – 55 Years
Affordability Restriction – 55-Year
Submittals Received
8 submittals received
7 proposals accepted
1 proposal rejected (late submission)
Rating and Ranking Committee
Composed of 6 members
8 proposals evaluated
Interview Committee
Composed of 7 members
4 development teams interviewed
Top Proposal / Developer
Eden Housing Inc.
855 E. Laurel Drive – RFQ Process
RFQ Recommendation
–
Eden Housing Inc.
Proposed Site Plan
Scenario A
132 units
5 Acres
Scenario B
Additional County
Land
180 Units
6.85 Acres
Eden Housing Inc.
–
RFQ Proposal
Project Phasing
Phase 1 – 84 Units
Phase 2 – 48 Units
Potential Phase 3 – 48 Units
Potential site expansion to include
additional County land
Flexibility and Opportunity
Unit Count
Unit Bedroom Size Composition
Targeted clientele
Tax Credits
Pursuit of project funding
Eden Housing Inc.
–
RFQ Proposal
Eden Housing Inc.
–
RFQ Proposal
Eden Housing Inc.
–
RFQ Proposal
City Council Consideration - October 4, 2022
Joint CC/BOS selection of Eden Housing Inc. as the project developer Future Negotiations
Exclusive Negotiating Agreement (ENA)
• Ground Lease Agreement
Modification to City/County MOU
• Development responsibilities
• Funding
• Regional Housing Needs Allocation (RHNA)
Potential Pre-Development Funds
• ARPA Funds - $500, 000
Next Steps
Questions & Comments