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Council PowerPoint

Santa Monica City Council
January 11, 2022

Document
Council PowerPoint
Meeting
January 11, 2022
Body
Santa Monica City Council
Original file
3.5 MB
Text extracted from the city's file for reading and search. Open the original on santamonicacityca.iqm2.com. That file is the official record.

1318 Fourth Street Affordable Housing
Development
Development Team Selection Recommendation
Background
2 3
Background
▪ Council Priorities
▪ Reducing Costs
▪ First Prioritized Site
▪ Housing Element Strategy
Request for Proposals &
Evaluation
4 5
Request for Proposals
▪ RFP Issued to Select Development Team
▪ Demonstration of Capacity and Expertise
▪ Goals & Objectives
▪ Required a Lead Developer, Social Services Providers & Architect ▪ Nine Proposals Received
6 Proposals Received
▪ Abode Communities
▪ Clifford Beers (Option #1 & Option #2)
▪ Community Corporation of Santa Monica + Metropolitan Pacific ▪ EAH (Option #1 & Option #2)
▪ Innovative Housing Opportunities
▪ Step Up + Jamboree Housing
▪ Venice Community Housing
7 Evaluation Committee
▪ Staff from variety of Departments & Real Estate Economic Consultant ▪ Evaluation consisted of Two Phases
8 Phase One Evaluation: Review of Proposals
▪ Evaluation Committee Reviewed Proposals
▪ Individually Scored (0 to 100)
▪ Overall Development Concept (25pts)
▪ Development & Operational Experience (35pts)
▪ Design Experience (10pts)
▪ Financing Analysis & Capacity (30pts)
▪ Score of 70 or higher required to Proceed
9 Phase Two Evaluation: Interviews
▪ Three Development Teams
▪ Interviews
▪ Follow-up Questions
Presentation by Abode
Communities
10 Presentation by Community
Corporation of Santa Monica
(CCSM)
11 Presentation by EAH, Inc
12 Staff Recommendation
13 14
Recommendation
▪ Based on results of Evaluation Committee
▪ Staff recommends Development Team led by EAH, Inc
15 Development Team
▪ Developer: EAH, Inc
▪ Service Provider: The People Concern
▪ Development Team’s Strength
▪ Development Team’s Experience
16 Next Steps
Exclusive Negotiating
Agreement
Community
Participation
Process &
Project Concept
Council Approval
of Ground Lease
Financing
Secured
Construction
Start
17 Staff Recommendations
▪ Select EAH, Inc as the Development Team
▪ Authorize Exclusive Negotiating Agreement

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