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19-0402_C & C DEVELOPMENT CO., LLC_F1a_PowerPoint f J� 110MPOARr[0 [, ESiABIISXFI 19C�I 1776 The Groves Affordable Housing Development Opportunity Item F. 1.a . April 2, 2019 Presentation Overview State Housing Requirements Regional Housing Needs Allocation Sites Identified for Affordable Housing Development Proposal Exclusive Negotiation Agreement State Housing Requirements California Government Code 65580 State Housing & Community Development & Southern California Association of Governments Role City's General Plan Housing Element Regional Housing Needs Allocation ( RHNA) Above Moderate Moderate Low Very Low Regional Housing Needs Allocation San Juan Capistrano 2014-2021 = 638 units including 371 affordable units Affordability based on OC Median Income : $92,700 for family of 4 ( 2018) Moderate : 81%-120% of OC Median Income — $87,451 to $111,240 Low: 51%-80% of OC Median Income — $54,651 to $87,450 Very Low: 0-50% of OC Median Income — Up to $54,650 Sites Identified for Affordable Housing 5 sites to accommodate affordable RHNA (381 units) Ventanas (Tirador) — 230 Very Low units Pacifica San Juan — 39 Moderate units C. Romer Homestead — 8 Very Low units City Hall site — 61 Very Low units The Groves — 48 Very Low units The Groves at Williams Ranch Site Purchased by the City in 1990 Larger parcel a part of the Northwest Open Space 4-acre site zoned Very High Density ( 18. 1-30 DU/AC) to meet RHNA i r L • lb L y '� } r ' rr 5l - .i 07 ' s k k Y r s, Uk #I f' r �. 'r t -c' 7 ri i� r � 90; �'t• Q i �mj i t �� Sr .qpP6 i I C& C Developer Background 35 years of experience Specializing in the construction and management of affordable housing for seniors Develop, manage, & maintain ownership of 2,200 units The Groves C& C Development Proposal 68-Unit 3-story project for seniors (age 62+) 12 Very Low Income, 55 Low Income, and 1 Manager's Unit 10 Permanent Supportive Housing ( PSH ) units for seniors Land Acquisition (appraisal needed ) $3M City Cash Contribution & $ 1.9M Deferred City Impact Fees The Groves C& C Development Proposal Senior only development for ages 62 and over Local preference in tenanting to assist SJC residents first 55 lower income households (earning $54,651 -$87,450) 12 very low income households (earning less than $54, 650) Ten Permanent Supportive Housing Units for seniors The Groves C& C Development Proposal Permanent Supportive Housing Units ( PSH ) for seniors Seniors with disabilities who are homeless, institutionalized, or at greatest risk of becoming homeless or institutionalized Long term housing with on-site services C&C to work w/ County to identify 10 seniors eligible for units t J- ` -- f � r i a l III _ I - IJI 4 1 VALEWALKING PATH F I Ilk III 1 7 BID 7 QCD' 17CG 131.. 1 QP.D I ACEI 1 QED I ACD I QC7 1 QCD I AC6 }BID I[;P t�:,ryti�elrvlry III 1 .3 S on sRF- I 5T[1PY I I ;• z HLP 1 HLL] I HLP 1 OLD 1 6LU I NLP a OLD AK"&�L HL`-3 gHOVL LILL' ED 1 6LO 1 BLu 1 HLP z OLu � I All:54ALF::h0 P1STI1 • Il I - a f � � • V M JIt7l � pur, Ic fS )to gFI ■ �� ■i �_■ C& C Development Proposal Anticipated Project Costs : $23 . 2M $5M gap in financing after applying multiple sources City has $ 10.7M in housing funds. Only $4.8M may be used on senior housing Exclusive Negotiation Agreement ( ENA) Allows City and C&C to work toward acceptable Disposition & Development Agreement Includes : Parameters for negotiations $25,000 deposit from C&C to cover initial staff & legal costs Term of the agreement City and C&C obligations Milestone schedule No obligation to approve of proposed project Recommendation Enter into an ENA with C&C development. ENA does not approve an affordable project. Allows City to negotiate with C&C on the filing of development applications for City owned site. Timely project construction assists City in meeting its RHNA and community housing needs.