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HomeMy WebLinkAbout7.1 Attach AmerBaptistHomeAmerican Baptist Homes of the West Dublin Senior Center Proposal DUBLIN SENIOR HOUSING Prepared for the City of Dublin American Baptist Homes of the West 6120 Stoneridge Mall Road Pleasanton, CA 94588 Telephone (925) 924-7100 Fax (925) 924-7233 May 24, 2002 Request for Proposals Dublin Senior Housing City of Dublin TABLE OF CONTENTS SECTION 1: Cover Letter SECTION 2 ABHOW's Approach to the Project SECTION 3 Conceptual Project Schedule SECTION 4 Site Specific Information SECTION 5 ABHOW's Experience SECTION 6 Experience of Development Team SECTION 7 Project F'mancing and Total DeVelopment Cost APPENDICES A: Affordable Housing Projects - Photos and Plans B: Resumes ABHOW Financial Statements (in pocket of back cover) American Baptist Homes of the West (ABHOW) AMERICAN BAPTIST HOMES OF THE WEST 6120 Sfoneridge Mall Road, Third Floor · Pleasanton, CA 94588 · [9251924.71 O0 · Fax [925]924.7233 o Toll free [800]222.2469 May 24, 2002 Ms. Julia Abdala Housing Specialist City of Dublin Community Development Department 100 Civic Plaza Dublin, CA 94568 Dear Ms. Abdala: On behalf of American Baptist Homes of the West (ABHOW), I am pleased to present this proposal to develop and manage the Dublin Senior Housing project. We have been seeking to develop an affordable housing community in the Tri Valley area since moving our corporate headquarters to Pleasanton a few years ago. This is an ideal project for us. Currently, ABHOW and its affiliate corporations own and/or manage 13 Continuing Care Retirement Communities (CCRC's) and 15 federally subsidized rental complexes as well as one financed with tax credits and state bond funds. The total number of elderly and disabled people served by ABHOW is close to 5,000. This proposal presents our organization's qualifications in detail and describes the senior housing development's proposed design. These points are highlighted below: Reasons to Select ABHOW: Our proposed project meets the City's objectives to maximize the number of units (48 apartments) and to provide innovative use of the space, by building the housing over underground parking. The architect has designed the project to be fully integrated with the adjacent senior center and, in fact, has placed the housing directly across from the senior center. While we have assembled our best team for this project, ABHOW is willing to consider using the architect selected by the City for the Senior Center. Hasbor ~r~v Manc~, TACOM~ WA, Judsc~ Tesrcx~, SAN LUIS OBISPO, CA · Mt Rubidoux Mon~, RIVERSIDE, CA · Ock ~ ~, ~A ~ ~ ' P~i~ ~' ~ ~ ' ~ ~ ~' ~' ~ T~' ~ Amerlcon Baplisl Homes of the West does not discrimlnale on Ihe bosi$ of handicapped status in the admission of access to, er employment in il~ federaJJ'/ossisled programs or~lJ oc~vilies. Occupa~-~t and nJJes foe' acceptance and par~dpallon are ~e same foe everyone regardless of sex, marital stolus, race, color, reJigion, national origin, or disabiJily. TDD 1 [8001545.1833 ext. 478 Cover Letter to Ms. Abdala Dublin Senior Project May 24, 2002 Page 2 of 3 ABHOW's strengths for this project include the following: ·Strong track record in competing for Section 202 funding During the five year period of 1996-2000, the U.S. Department of HUD selected four ABHOW projects for Section 202 funding. A 202 option will allow the project to serve seniors who need help the most. ·Excellence in project design ABHOW pr!des itself in working with its local partners and the Community to ensure that the senior housing it develops fits into the existing neighborhood and is an asset to the community. For example, Tahoe Senior Plaza, our 202 project in south Lake Tahoe, won the Tahoe Regional Planning Agency's "Best of the Basin" award for design excellence. It also won an "Excellence of Outstanding Design" award from the City of South Lake Tahoe. · Extensive experience in all aspects of senior housing development and management ABHOW is experienced in site evaluation, acquisition, financing, selecting and managing the development team, analyzing architectural design, managing construction and rehabilitation, securing appropriate zoning and working with service and advocacy organizations and other community groups to develop support for the project. We manage a portfolio of almost 1500 units and possess extensive lease up experience. Staff has wide ranging experience in senior housing management issues. ·Corporate offices located very close to the site ABHOW's offices are approximately 1.5 miles from the project site, providing a number of advantages in developing the and managing the project. Many of our officers and staff reside in the Tri Valley area. This proximity will make it easier to coordinate with City staff, oversee construction progress, market and lease the units, and monitor site management. Project Summary To make the most of the limited amount of space, the architect has proposed a 3-story structure oVer parking. Highlights of the proposed plan includes the following: · 48 apartments (47 1-BR and 1 2 BR for manager) Design placement allows for 87 spaces for senior center parking · Three story building totaling 40,500 SF of living and common area space · Underground parking totaling 13,500 SF with 24 parking slots including handicap spaces, and · Building height- 48 feet with a flat roof, with an alternate of 58 feet with a pitched roof (5/12) Cover Letter to Ms. Abdala Dublin Senior Housing May 24, 2002 Page 3 of 3 Requested Gap Financing As discussed in Section 7, ABHOW's preferred financing alternative is the HUD Section 202 program because it is less costly to develop projects under this program and the available resident subsidies ensure that the project can serve seniors with very limited resources. Based on the assumptions regarding financing under the Section 202 program we project that an additional $1,753,358 would be required from the City, County and/or other public sources. This could include funds from the City's inclusionary housing fund as well as HOME funds from the County. The HUD Section 202 capital advance does not provide sufficient funds to cover all development costs. It is important to note, however, that the ABHOW team is experienced in seeking out and applying for funding to supplement these funds. We will bring this experience and strength to the project. Moreover, ABHOW is also willing to commit funds of its own to the Dublin Senior Housing project. Thank you for your consideration of our application. Sincerely, Ancel Romero Vice President, Affordable Housing Request £or Proposals Dublin Senior Housing Ci~. of Dublin SECTION 2 ABHOW'S APPROACH TO THE PROJECT STEPS ABHOW WILL TAKE IF SELECTED The general timeline and steps to implement the project are outlined in Section 3. In this section we focus on some of the initial planning and coordination that are required to insure success of the project. These include the following: · Initial discussions and negotiations with the City of Dublin - Topics will include the details of the City's requirements for the project, the amount and type of gap financing to be provided, timeline, and senior center schedule. · Design considerations and constraints - ABHOW and the project architect will work with the City and the senior city architect to coordinate design work. · Preliminary market assessment - The purpose will be to assess the need for senior housing in the area and the market segment. This will be an important component in documenting the need for the project to HUD as required for the Section 202 application. · Community outreach - ABHOW works with local organizations and groups at all of its projects. We would expect to include local representatives on an advisory group for the project as well as for the board of directors of the project. We would also include community representatives and seniors in discussions regarding the design of the project. · Supportive services - ABHOW would begin to identify and make contact with local and County agencies that serve seniors so that needed services would be available to residents. American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing Ci~_ of Dublin FUNDING SOURCES AND COORDINATION ABHOW seeks funding sources based on the purpose and nature of each proposed project. Because ABHOW traditionally has served seniors With very-low and extremely-low incomes, it has focused on the Section 202 Supportive Housing Program, which provides a Project Rental Assistance Contract (PRAC) and insures that residents do not have to pay more than 30 % of their incomes for housing costs. Most projects financed with tax credits are not able to serve seniors in this income group. Many nonprofit developers are unwilling or unable to utilize the Section 202 program, in spite of its obvious advantages over other alternatives, because it pays little or nothing in the way of a developer fee. ABHOW is fortunate that its Board of Directors is willing to forego a substantial developer fee in order to fulfill its charitable purpose of serving the most needy seniors. ABHOW monitors and stays informed about the deadlines and application requirements for VariOUs funding programs, especially the HUD Section 202 program, so that it can be prepared to apply. ABI-IOW also coordinates with applicable local agencies regarding funding opportunities, for example in regards to HOME or CDBG funding. In fact, it is important to identify and obtain commitments for local funding and other contributions, such as land or fee waivers, before submitting a Section 202 application in order to achieve maximum points. FINANCIAL CONTINGENCY PLANS As discussed later in the section on project financing, ABHOW's preferred alternative is to finance the senior housing with a Section 202 capital advance from HUD. Because of the strong competition for these funds, it is often necessary to re-apply a second time. However, we think that the Dublin senior project would be very competitive given the following factors: · ABHOW is highly regarded by HUD and had a strong track record in obtaining Section 202 funding. · The City fully supports development of a senior project and had indicated willingness to help fill the funding gap. · The project will be integrated with the adjacent senior center, providing additional amenities for residents. · There has been no previous Section 202 housing built in Dublin. · There is strong demand for housing for very-low income seniors in the area. American Baptist Homes of the West (ABHOW) 2 Request for Proposals Dublin Senior Housing Ct'~_ of Dublin If the Section 202 application is not selected for funding by HUD, ABHOW will pursue the tax credit alternative, which will change the target market somewhat. ABHOW will also consider other alternatives that may develop, such as funding that may result from the state housing bond measure. ABHOW will work with its financial advisor, Community Economics, Inc. to assess these alternatives. APPROACH TO CONSTRUCTION ABHOW will coordinate closely with the architect and construction team for the senior center to avoid disruptions and scheduling conflicts. At this point the actual timing for the construction of the senior center and the senior housing is not known. If the senior center is completed and open for operation before construction of the senior housing is finished, it will be important to coordinate around the necessary auto and pedestrian traffic to minimize disruPtion of daily aCtivities and parking at the senior center as well as to insure safety of seniors using the facility. SELECTION OF ARCHITECT Mr. Bucky H. Fong, architect, prepared the preliminary sketches in this proposal for ABHOW. Mr. Fong has extensive experience in the design of mulfifamily housing and, particularly, senior housing. He designed Tahoe Senior Plaza, ABHOW's Section 202 project in South Lake Tahoe, which won a number of awards. (His qualifications are discussed in Section 6.) ABHOW has chosen to work with Mr. Fong because of his experience with senior housing, sensitivity to neighborhood concerns, empathy for seniors, and knowledge of HUD 202 requirements, Which will be very impOrtant for the sUCcess of the project. ABHOW and Mr. Fong would work closely with the architect chosen by the City to design the senior center so that the two designs are complementary. American Baptist Homes of the West (ABHOW) 3 ~' Request for Proposals Dublin Senior Housing Ci~_ of Dublin ~ ~ SECTION 3 ~ CONCEPTUAL PROJECT SCItEDULE The following pages present timelines for the development of the senior housing project under two different scenarios, a HUD Section 202 project and a low income tax credit project. Under either option we have projected a ground breaking by June 2005. However, it may well be possible for the ground breaking to occur sooner as in the case of ABI-IOW's as Tahoe Senior Plaza project. Certain components of the proposed project schedule are discussed below. FINANCIAL CONSIDERATIONS Both the Section 202 and the tax credit programs are very competitive and often require submitting funding applications multiple times, which delays the development process. However, ABHOW is very experienced in the Section 202 process and has succeeded by giving attention to the pre-planning process so that it is prepared to submit a complete and ComprehensiVe application to HUD after the NotiCe of Funding AVailability is released. An important financial consideration is the amount of additional funds that will be required for the project. The estimates presented here will be refined based on design considerations and actual cost estimates and may necessitate additional fund raising. DESIGN AND OTHER PRE-CONSTRUCTION ISSUES There will be a number of design and pre-construction issues to address, particularly with construction of the adjacent senior center. ABI-IOW proposes to work closely with the City and the senior center architect to make sure that the two projects complement each other to coordinate full use of the site and its landscaping. Another important aspect of the design work will be working with representatives of the neighborhood, community, and local seniors to insure that the project meets local needs and is accepted by the community. For example, this was an important component of the design work for ABHOW's 60-unit senior project in San Leandro. The community was actively involved in the initial design phase working with the architect and ABHOW to develop American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing City of Dublin themass, setbacks and exterior views compatible with neighborhood needs. ABHOW utilized design workshops and neighborhood meetings to gain widespread community support. CONSTRUCTION The contractor will be selected through a RFQ process, early in the design Phase. The contractor will assist with estimating, review of design issues and cost control. Upon HUD's approval of the Firm Commitment (assuming a Section 202) ABHOW will be ready to immediately break ground and begin construction. Construction is expected to take eleven months. Upon issuance of the required Certificates of Occupancy's ABHOW's Affordable Housing Division will be readY t° move in the pre-qUalified residents. The move'in process for this size of project will typically take three to four weeks. American Baptist Homes of the West (ABHOW) 2 ~ ^B,~ / Dublin Senior Development- ABHOW ~selected / HUD 202 Funding Timeline Structure City Agreement \ Hire Architect Phase I ~ Begin Prelim ~,~,~-;.~,.~:;~.,;~,.:~¢.,.;~-,--~,~,~.,.-~;,-~-~, ; .' Title Report ~ Design i~~~g]01~.~[i~ Market Assessment \ January 2003 ~ with Senior Center HUD 202 application June 2003 Communi~ [ I Design Pro¢~so HUD appl~¢etion approval Be~in Working Drawings No¥. 2003 Dec. 2003 Select Contractor ~ Marci2004 1> Plan Review and Cost Estimate Submit for March-Sept 2004 i Plan Check I Independent Sept. 2004 Cost Analysis ., Sept 2004 I Submit Firm Committment ~---- /Complete Bidding J Application to J ! October 2004 / Sign HUD Firm Committment Building Permit Issued Contract May 2005 May 2005 May 2005 Certificate of Occupancy May 2006 ^~.~ ~ Dublin Senior Development- ABHOW selected ~ Tax Credit Funding Timeline B~in Prelim D~ign Seek ~m-Do~elopment ~anu~ 20~ Fu~i~ A~istance Phase I Coordin~e D~ign Title Repo~ ; ~th Senior ~nter I ~ Market As~sment Land Approv~ Financing ~mmuni~ D~ign B~in Working Dinings T~ Cr~it Application D~. 2003 Se~ Co~ra~ 2~/2005 Mamh 20~ Identi~ Investor 2004/2~ Plan Revi~ and ..... ~st Es~m~e Subm~ for March-~¢ 20~ Plan Check Nov. 2~ 8~fln Con,tm~m ~dific~e of ~upancy M ay 2~ ~ Request for Proposals Dublin Senior Housing Ci~_ of Dublin SECTION 4 SITE SPECIFIC INFORMATION SITE PLAN Sketches of the proposed site plan and building floor plan are presented on the following pages. To make the most of the limited amount of SPace, the architect has proposed a 3-story structure over parking. Highlights of the proposed plan includes the following: · 48 apartments (47 1-BR and 1 2-BR for manager), Design placement allows for 87 spaces for senior center parking, · Three story building totaling 40,500 SF of living and common area space, Underground parking totaling 13,500 SF with 24 parking slots including handicap spaces, and · Building height - 48 feet with a flat roof with an alternate of 58 feet with a pitched roof (5/12). The location of the proposed senior center on the site provides a special opportunity for developing a senior housing project that can share in and benefit from the activities at the senior center. However, at the same time the senior center constraints and lot size limit the design options. ABHOW's proposed plan is designed to overcome the problems inherent in the site while at the same time maximizing the benefits. The architect has placed the senior housing project directly across from the entrance to the senior center. This placement and the design are proposed to accomplish the following: Integrate the design, traffic flow and landscape features with the senior center. · Provide for maximum parking spaces. Allow for landscaping at the front of the building and avoid the look of a commercial parking lot on all sides. · Provide for option of sharing underground parking with senior center. · Maximize use of site space with the double loaded corridor design. In addition, it should be noted that placing the senior housing structure within the property line setback would require a one-hour fire separation wall as well as wire glass windows, which would add considerable cost to the construction. American Baptist Homes of the West (ABHOW) I Request for Proposals Dublin Senior Housing O'ty of Dublin SUMMARY OF AME~ AND SPECIAL FEATURES As noted above, the project design is integrated with the senior center so that residents of the senior housing can take advantage of the activities and programs at the senior center. In planning for the amenities and services, ABHOW seeks to complement those at the senior center rather than duplicate them. For example, rather than providing the full computer learning center as part of the senior housing as is its usual practice, ABHOW will work with residents to take advantage of the computer center and classes at the senior center. Therefore, the planned design space in the library only allows for only computer. The proposed design includes the following features: · Library with computer space, · Two offices for management and service coordinator, · Maintenance shop, Multi-purpose room, · Commercial laundry room, Small lobby areas on the first and second floors, · Second floor deck, and One oversized elevator. The exterior design style and landscaping will be coordinated to blend with the new senior center and integrated to fit with surrounding neighborhood buildings. AFFORDABILITY MIX ~ Under the Section 202 financing option, all of the units would be reserved for residents with F' incomes at or below 50% of median income. However, in fact, we would expect to serve ~¥~ ~' seniors with incomes considerably below that limit. One of the advantages of the Section 202 program is the Project Rental Assistance Contract, which enables residents to pay no more ~ than 30% of their incomes on rent and utilities. This makes it possible for seniors with even lower incomes, for example from Supplemental Security Income (SSI), to afford to live in the  development. A senior with income from SSI only, or approximately $712 per month, could afford to pay only $214 per month. ~ American Baptist Homes of the West (ABHOW) 2 Request for Proposals Dublin Senior Housing Ci~_ of Dublin At Fern Lodge, ABHOW's most recent 202 project, all 66 of the units are occupied by seniors whose incomes are below 30% of median income. At Tahoe Senior Plaza more than half of the households (66%) have incomes below 30% of median income. The statistics at other ABI-IOW affordable rental projects are similar. American Baptist Homes of the West (ABHOW) 3 Request for Proposals Dublin Senior Housing Ci~_ of Dublin SECTION 5 ABHOW'S EXPERIENCE ABHOW'S EXPERIENCE IN FINANCING AFFORDABLE HOUSING ABHOW has had extensive experience in all aspects of senior housing development, including development of continuing care facilities as well as affordable rental housing for seniors. ABHOW is experienced in site evaluation, acquisition, financing, selecting and managing the development team, analyzing architectural design, managing construction and rehabilitation, securing appropriate zoning, and working with service and advocacy organizations, and other community groups to develop support for the project. As a result of ABHOW's extensive work in development of quality housing for seniors, it is often approached by community groups and local municipalities to build or acquire senior housing. Section 202 ABHOW has succeeded in putting together strong applications to HIJD for funding under the Section 202 Supportive Housing Program, the program that offers the greatest advantages to very low-income seniors because it includes a tenant subsidy. ABHOW's development team has obtained commitments for funding from HUD, even with keen competition from other nonprofit organizations for these limited funds. During the five- year period of 1996-2000, HUD selected four ABHOW projects for Section 202 funding. In 2000, ABHOW received fund reservations for 60 units in San Leandro and in 1999 for 32 units for frail elderly in San Luis Obispo. ABHOW's most recently completed 202 projects are Tahoe Senior Plaza, 45 units in South Lake Tahoe, that was selected for funding in 1997, and Fern I.~Ige, 62 units in Redlands, that was selected in 1996. In addition, in 1990, Casa de la Vista, Redlands (75 units with Section 8), was completed. Low Income Tax Credits ABHOW obtained one of the first tax credit allocations in 1990 for its Pacific Meadows senior project in Carmel (Carmel Overview Limited Partnership). The development includes 200 units (55 units tax credit, 98 units state bond/tax credit, and 47 units Monterey County Housing Authority). Construction was completed in 1991. American Baptist Homes of the West (ABHOW) Request for Proposals Dublin Senior Housing C%'~. of Dublin Other F'mancing The ABHOW team is experienced in seeking out and applying for funding to supplement the funds provided by the HUD Section 202 capital advance, which are never sufficient to cover all of the development costs for a quality senior Project. Other sources include HOME and CDBG funds. For example, the County of San Luis Obispo awarded more than $800,000 in HOME funds for Judson Terrace Lodge in San Luis Obispo. The City of San Luis Obispo supported the purchase of the property with $94,000 in CDBG funds and contributed $215,000 from the City's inclusionary housing fund as well. Financing for Tahoe Senior Plaza included more than $1 million in HOME funds (through HCD) and tax increment funds from the City of South lake Tah°e. The most important point to make is that ABHow does what is necesSary to insure that a project can be developed. ABHOW's fund development program includes sizable grants from private donors, community events, and foundation, corporation, federal, local, and state sources. Besides the commitment of local government funding for projects in South Lake Tahoe, Redlands, San Luis Obispo, San Leandro and Carmel, below are other examples of grants and resources raised by ABHOW: * Donation from Individual Donors - Private donors have pledged over $130,0000 to help fill the funding gap for Judson Terrace Lodge. A donor gave $150,000 for the rehabilitation of a building to be used as an Alzheimer Center adjacent to Plymouth Village in RedlandS. , Funding from the ABHOW Foundation - Residents and their families make Voluntary endowments or bequests to this foundation affiliated with ABHOW. Since 1945, the interest from this endowment fund has been used to support residents who would otherwise be unable to sustain payments for continuing care and housing. Though the bulk of these funds are restricted to specific uses and communities, the ABHOW FOundation considers proposals for funding certain projects out of the endowment. For example, the Foundation recently committed $50,000 to fill the funding gap for Judson Terrace Lodge. In 1997, the Foundation started an annual golf tournament to raise funds specifically for affordable senior rental housing. Items that may be funded by the proceeds of this tournament include a variety of services and amenities. American Baptist Homes of the West (ABHOW) ~: Request for Proposals Dublin Senior Housing Ci~_ of Dublin ~ · Funding from Other Private Foundations - ABHOW received a grant from the David and Lucille Packard Foundation to start up a home care, private duty nursing i services at Pilgrim Haven, a continuing care facility in Los Altos. ~ · Local, Private Fund Raising Efforts for ABHOW's Senior Facilities - A ~ majority of ABHOW-owned and managed projects operate their own fund raising ~ programs for both the residents and the outside community. DESCRIFrIONS OF RECENT AFFORDABLE HOUSING DEVELOPMENTS ABHOW's most recently completed affordable housing developments are Tahoe Senior Plaza and Fern Loge. Two other projects, San Leandro Senior Project and Judson Terrace Lodge, are currently under development with construction expected to begin within the next six months. These Projects are discussed below along with pacific Meadows, a tax credit project. Appendix A includes photographs and architectural drawings of several of ABHOW's senior developments, including Fern Lodge, Pacific Meadows and Tahoe Senior Plaza. Architectural drawings are included for San Leandro and ludSOn Ten'ace Lodge. Tahoe Senior Plaza The City of South Lake Tahoe had spent five years looking for a developer that could bring an affordable housing project to fruition at a vacant 3.2-acre site ideally located near the hospital and other vital services. After a for profit developer tried unsuccessfully to develop affordable family housing at this site, the City chose ABHOW to be its partner in putting together a project for very-low income seniors. With over $1 million in Redevelopment Agency and HOME funds committed to the project, ABHOW was able to leverage a HUD Section 202 commitment of $3.6 million. Due to strong City support and ABHOW's dediCated and aggressive development team, construction began on the 45-unit project, Tahoe Senior Plaza, within thirteen months of the City's initial contact with ABHOW,' Thanks to the City'S commitment of funds, the two story building has amenities otherwise not provided under the HUD 202 program including a covered pedestrian drop-off at the entry way, a spacious "Great Room" including a fireplace, a library with computer stations, rustic landsCaping and picnic areas on site, American Baptist Homes of the West (ABHOW) Request for Proposals Dublin Senior Housing Ci~_ of Dublin designed in a Alpine style with cedar siding that fits elegantly into the surrounding Sierra environment and neighborhoods. The Tahoe Regional Planning Agency awarded this project a special award for excellence in 1999. (See Appendix A.) The project also received an award from HUD for being the fastest developed 202 project in the history of the prOgram. Bucky Fong, ABHOW's architect for the proposed Dublin project, was the architect for Tahoe Senior Plaza. 202 Application: luly 1997 Ground Breaking: June 1998 Certificate of Occupancy: Feb. 1999 Funding Source Allocated Used HUD 202 $3,576,000 $3,089,501 City/HOME 952,381 873,233 Fern ~_~,,.,~ Based on the success of ABHOW's Casa de la Vista 202 project, which was built in 1990, the City of Redlands agreed to sell to ABHOW the vacant 2.2 acre site next door to Casa de la Vista, and to grant $1.1 million in redevelopment agency funding toward its development as low-inC°me senior hOUsing. ABHOW was able to leVerage an additional $4.9 million through HUD's Section 202 Program for this 62-unit project, Fern Lodge. The three-story building designed in the "Prairie" style suits a site located between multifamily housing and well-preserved pre-World War II single-family homes of this traditionally agriculttwal tom. Community spaces conducive to social gatherings, resident meetings, and social service delivery are provided. A covered pedestrian drop-off, patios and balconies also provide a high quality of living. 202 Application: July 1996 Ground Breaking: Dec. 1998 Certificate of Occupancy: June 2000 Funding Source Allocated Used HUD 202 $4,947,900 $4,243,872 City 1,720,285 1,338,057 American Baptist Homes of the West (ABHOW) Request for Proposals Dublin Senior Housing ~'~_ of Dublin Pacific Meadows Public funding for the 200-unit Pacific Meadows, a mixed income senior retirement community in Carmel, California, is noteworthy for the public/private partnerships that made this stunning project possible. The site, located on a hilltop in the Carmel Valley with breath-taking views of Point Lobos, the mouth of the Cannel River, and the Big Sm' Coast, was donated by Clint Eastwood and James Garner to the Monterey County Housing Authority in the mid-1980s. The Housing Authority, through an RFP process, chose ABHOW to deVelop the site. Using a deferred payment ground lease from the County, a low-interest loan of $250,000 from the County of M°nterey (which ABHOW has paid off), funding through a State bond program, and low-income housing tax credits, ABHOW was able to serve very low and low income as well as moderate income and above moderate inc°rPe seni°rs. There is an activities coordinator on site to provide a wide range of activities. Transportation for residents is alSO provided. The beautiful landscaping of Pacific Meadows complements the spectacular surroundings and provides a stimulating and inspiring environment for seniors. san Leandro Senior Project The San Leandro senior Project, which is scheduled to break grown in November, has been planned jointly with the community and the City of San Leandro. It will turn a blighted former car dealership into an attractive senior housing prOject of 60 units. The project design was developed through a series of community meetings so that neighbors' concerns could be addressed. (Support letters from the Broadmoor NeighbOrhoOd AsSociation and a resident of the area are inclUded in Appendix A, along with several photographs taken at the community design workshops.) Staff of the San Leandro Redevelopment Agency first approached ABHOW about the possibility of developing senior hOusing on the site, and the Agency has partnered with ABHOW in acquiring the site, planning the development, and filling the funding gaps. From the City's perspective, this project has many benefits: It will provide much needed housing for low income seniors, it will redevelop a key blighted property in the City's north area, it will assist the Agency in meeting its Inclusionary Housing obligations, and it will contribute to the City's fair share requirements as part of the Housing Element update. American Baptist Homes of the West (ABHOW) Request for Proposals Dublin Senior Housing Ci~_ of Dublin The project is a wood frame structure, varying between two and three stories with parking and landscaped grounds. There will be two elevators. The project will include a multipurpose room, a resident library and computer room with lounge and adjacent coffee/tea bar. One of the highlights will be a communal outdoor courtyard and gardens, which will include paved pathways and raised planter beds for resident gardening. There will be a part-time Service Coordinator to assist residents with needed services. 202 Application: July 2000 Ground Breaking: Nov. 2002 (planned) Certificate of Occupancy: Oct. 2003 (planned) Funding Source Allocated HUD 202 $5,727,100 County/HOME 541,643 City (for site 1,000,000 acquisition) In-lieu contribution 500,000 from market-rate developer Judson Terrace Lodge Judson Terrace Lodge (32 Units) is a special 202 project for frail and "at risk" seniors who need additional services to continue to live in their own apartment units. ConstruCtion is scheduled to start in October. ludson Terrace l. xxtge will be built adjacent to Judson Terrace Homes, which serves independent seniors and is managed by ABHOW. The two facilities will share resources, such as a van, and coordinate activities and services. Services to be offered at Judson Terrace Lodge include the following: three meals per day, transportation, emergency response program and aCtivitY programs. In additiOn, assiStance with hOuSekeeping, perSonal care and activities of daily living, such as bathing, laundry, grooming and dressing, will be provided, as needed, by outside agencies. Common areas include a multipurpose room, lobby, library and computer center. Judson Terrace LOdge Will be part of the continuum of care fOr seniors in San Luis Obispo and will help fill a gap in housing options for seniors, especially those with American Baptist Homes of the West (ABHOW) Request for Proposals Dublin Senior Housing Ci~_ of Dublin very low incomes. The project will provide more services than independent living projects and yet will be affordable. 202 Application: July 1999 Ground Breaking: Oct. 2002 (planned) Certificate of Occupancy: Oct. 2003 (planned) Funding Source Allocated HUD 202 $3,576,000 City/County 1,317,000 HOMFJCDBG and inclusionary Owner/Sponsor 180,819 Foundations 70,000 ABHOW'S EXPERIENCE IN MARKETING AND MANAGING HOUSING ABHOW, a nonprofit public benefit corporation with corporate headquarters in Pleasanton, California, has been in business for over 50 years. ABHOW's mission, according to its Articles of Incorporation, is to "to provide housing, care and services for the elderly on a nonsectarian basis." The history of the organization attests to the evolution and expansion of its mission from providing only continuing care services to moderate-income retired Baptist ministers and missionaries, to providing both continuing care and rental housing to the general elderly population including very low-income seniors. Currently, ABHOW and its affiliate corporations own and/or manage 13 continuing care facilities serving 3,400 seniors. In addition, ABHOW owns and/or manages 15 federally subsidized rental complexes as well as one financed with tax credits and state bond funds. The total number of elderly and disabled people served by ABHOW is almost 5,000. The formation of American Baptist Homes of the West (ABHOW) began in 1949 with the development and incorporation of. Pilgrim Haven, a retirement community in Los Altos, California. In 1965, members of the Board of Directors of Pilgrim Haven incorporated American Baptist Homes and Hospitals of Northern California in order to develop more American Baptist Homes of the West (ABHOW) Request for PropOSals Dublin SeniOr Housing 07 of Dublin facilities and meet the need and desire for continuing care service to elderly people regardless of religious background. In 1966 this Corporation extended its activities to SoUthem Califomia, Arizona, and Washington, and Changed its name to American Baptist Homes of the West. In 1969 ABHOW expanded the focus of its activities beyond continuing care facilities to include low-income subsidized elderly housing. The low-income subsidized projects currently owned and/or managed by ABHOW are listed on the table on the following page. American Baptist Homes of the West (ABHOW) American Baptist Homes of the West (ABHOW) Affordable Housing Communities Community Address/Phone Description Jlen Temple Arms No. ! Ph: (§10) 562-2771 75 units (75 subsidized CHFA Section 8), 3 813§ Tnternotionol Blvd. Fax: (§10) 562-4552 stories, downtown location Oakland, CA 94621 Emaih ATA]and2~ao].com Lewis Sailors - Administrator Allen Temple Arms No. 2 Ph: (510) 562-2771 51 units (51 subsidized Section 8), 1388 - 81~ Street Fax: (510) 562-4552 3 stories, inner city location Oakland, CA 94621 Emaih ATAland2@aol.com Lewis Sailors - Administrator Allen Temple Arms No. 3 Ph: (510) 383-9190 or 383-9194 51 units (§1 subsidized Section 8), 3 stories, inner 10121 Tnternotiorml Blvd. Email: ATAland2@aol.com city location Oakland, CA 94621 Lewis Sailors - Administrator Allen Temple Arms No. 4 Ph: (510) 567-9782 or 567-9792 24 units (24 - 202/PRAC subsidized), 3 stories, 7607 Tnternotionol Blvd. Fax: (510) 567-9736 inner city location Oakland, CA 94621 Cell: (510) 682-3597 ~Tamal Graham - Administrator Bellflower Friendship M~nor Ph: (562) 867-9550 136 units (72 Section 236 with 72 Section 8) 7 9550 East Oak Street Fax: (562) 867-3869 story city location Bellflower, CA 90706 Email: LRMg67~gt¢.nct Randy McConnell - Administrator Bellflower Oak Street Manor Ph. (562-867-9550 25 units (25 subsidized, 202/PRAC), 4 stories, in 9560 East Oak Street Fax: (562) 8673869 town location Bellflower, CA 90706 Ernail: LRMg67@gte.net Randy McConnell - Administrator Casa de Redwood Ph. (650) 369-4819 136 units (Section 236 with Section 8) 7 story 1280 Veterans Blvd. Fax: (650) 369-2780 city location Redwood City, CA 94063 Email: casader~dwoo4~_a_o.1._c.o~m_ Marilyn Beswick - Administrator Casa de la Vista Ph: {909) 335-8888 75 units (75 subsidized Section 8) 3 stories, in 686 E. Redlands Blvd. Fax: (909) 335-8890 town location Redloncls, CA 92373 Emaih Casavist@gte.net ~Tudy ,Torgensen - Administrator L E. Cleveland Ph: (510) 638-4543 54 units (53 subsidized Section 8) 4 story inner 2611 Alvingroom Court Fax: (510) 638-1503 city location Oakland, CA 94605-3553 eecm261 l~aol.com Paulette Knotts-Grant Fern Lodge Ph: (909) 335-3077 62 units (62 subsidized Section 202 with PRAC), in 430 Fern Avenue Fax: (909) 335-3070 town location, 3 stories Rodlands, CA 92373 ~Tudy ~orgensen - Administrator Harbor View Manor Ph: (253) 272-5552 170 units (40 rent supplement, 130 units Section 919 5o. Fawcett Fax: (253) 572-6159 236) 14 stories, downtown location Tacoma, WA 98402 Email: Harborvicw~w-link.net Bonnie C~meron - Administrator ,Tudson Terrace Ph: (805) 544-1600 107 units (43 subsidized Section 8, 64 Section 3000 Augusta Street Fax: (805) 544-1645 202), 2 stories, in town location San Luis Obispo, CA 93401 Emaih RjumpC~chegrid. net Roger ~Tump - Administrator Mt. Rubidoux Manor Ph: (909) 684-3154 189 units (170 subsidized Section 8, 19 units 3993 - lOth Street Fax: (909) 684-5615 Section 236), 2 stories, in town location Riverside, CA 92501 Email: Cleda@pacbell.net Cleda Givens- Bullock Oak Knolls Haven Ph: (805) 934-2027 40 units (40 subsidized 202 Section 8), 2 stories 4845 S. Bradley Fax: (805) 937-0777 in town, coastal location Santa Maria, CA 93455 Email: okhsantamariaC~,aol.com Tom Williams - Administrator Pacific Meadows Ph: (831) 624-9355 200 units (98 RHCP, 55 unit Tax Credit, 47 units 5315 Carmel Valley Road Fax: (831) 624-9179 HA section 8), 2 stories, coastal country location Carmel, CA 93923 Email: PacMedows ~(-~'edshifLcom Ed $chaupp - Administrator Tahoe Senior Pl~za Ph: (530) 542-7048 45 units (44 subsidized - HUD 202 with PRAC), 2 1101 3ra Street Fox: (530) 542-7038 stories, mountain community location 5o. Lake Tahoe, CA 96150 Emeih TSP110l@aol.com Melody C)augherb/- Administrator Request for Proposals Dublin Senior Housing 0'~ of Dublin REFERENCES FROM PUBLIC AND PRIVATE LENDERS Lender references for ABHOW include the lenders listed below. Additional references will be provided upon request. Barbara B. Vaughn, VP/Relationship Manager Wells Fargo - Mt. Diablo Commercial Banking Office 1200 Concord Avenue,//225 Concord, CA 94520 925-688-4817 Wells Fargo Bank has had a long term banking relationship with ABHOW and currently provides banking services. In 1990 Wells Fargo provided a land loan ($1.9 million) for ABHOW's tax credit project in Carmel. This loan was paid in full with the proceeds of a construction loan granted for the project from Wells Fargo ($10.3 million). Tom Asaro, VP/Bank Manager CAL FED Bank 1400 Grant Avenue Novato, CA 94945 415-893-0429 Patrick M. Conway, Itousing Coordinator City of South Lake Tahoe 1900 Lake Tahoe South Lake Tahoe, CA 96150 530-542-6043 ABHOW and the City of South Lake Tahoe worked closely on Tahoe Senior Piaza. The City and Redevelopment Agency committed $1,037,381 in HOME funds and tax increment funds to the development. Charles Santer, President National Affordable Housing Trust 2335 N. Bank Drive Columbus, OH 43220 614451-9929 American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing Ci~_ of Dublin National Affordable Housing Trust arranged the syndication for ABHOW's Pacific Meadows tax credit project (Carmel Overview Limited Partnership). Luke Sim~, Economic Development Manager City of San Leandro Civic Center 835 E. 14th Street San Leandro, CA 94577 510-577-3320 ABHOW and the City have worked closely on developing affordable senior project in San Leandro. The City acquired the site and sold it to ABHOW. ABHOW signed a $1 million prOmiSsory note that carries a simple interest rote of 3 %. The interest can be deferred for 55 years, and the loan may be for given at the end of the term provided that the project remains affordable. L~' TonY Navart° or Dana Lilley County of San Luis Obispo [ i'-~: Department of Planning and Building ~ ..... Housing and Economic Development Division ~ County Government Center i'i San Luis Obispo, CA 93408 805-781-5787 The County has committed $900,000 in HOME funding to the Judson Terrace Lodge r- project. ABHOW has entered into an interim loan agreement with the County in order to ~-- draw down funds for predevelopment expenses, such as detailed architectural drawings, site  appraisal and engineering. REFERENCES FROM PUBLIC AN/OR PRIVATE HOUSING AND DEVELOPMENT AGENCIES See the references above for South Lake Tahoe, San Leandro and County of San Luis Obispo. Additional references include the following: American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing Ct~ of Dublin Jeff Hook City of San Luis Obispo Community DevelOPment Department 990 Palm Street San Luis Obispo, CA 93401 805-7817170 The City has worked closely with ABHow to rezOne the property and to help fill the funding gap. The City allocated a portion of its CDBG fund to the project and supported ABHOW's sUccesSful appliCations to the County for HOME funds. Furthermore, the City allocated $417,000 of the City's special housing trust funds to help finance the project. LATEST ANNUAL AUDITED FINANCIALS The 2001 Annual Report for ABHOW is inserted in the pocket of the back cover. This document includes the audited financial statements for ABHOW as well for the Foundation for the most recent fiscal year (ending September 2001). In addition, unaUdited financial statements as of April 30, 2002, are also enclosed. American Baptist Homes of the West (ABHOW) 1 Request £or Proposals Dublin Senior Housing Ci~_ of Dublin SECTION 6 EXPERIENCE OF DEVELOPMENT TEAM OVERVIEW American Baptist Homes of the West (ABHOW) The ABHOW development team will be under the direction of Ancel Romero, Vice President, Affordable Housing. Mr. Romero's affordable housing background includes extensive exposure to Section 8, Section 202, Section 236, and below market interest rate programs. He has also managed tax credit and market rate communities. Suzanne Saucier, Director of Development and Consulting Services, will be the project manager. She has over 25 years experience in affordable housing management and multifamily housing construction. Margaret Weitkamp, who retired from ABHOW in 2002 and now works as a consultant, will assist with the planning and development of the project. Ms. Weitkamp directed ABHOW's rental housing division for seven and one half years. She has thirty years experience in the affordable housing industry. Resumes for these team members, along with those for David Ferguson, President, and pamela Scott, Chief Financial Officer, are in Appendix B, as well as other members of the team discussed below. Bucky H. Fong/Borges Architectural Group In addition to ABHOW, the development team includes Bucky H. Fong, architect, in conjunction with the Borges Architectural Group of Roseville. Mr. Fong has been involved with the design of over 50 FHA/HUD developments and has broad experience in providing cost effective solutions to design. He has extensive experience in the development of senior housing. His design for Tahoe Senior Plaza won an award for design excellence in 1999 from the Tahoe Regional Planning Agency. community Economics, Inc. (CED community Economics, Inc., of Oakland is ABHOW's financial consultant. The firm provides nonprofit organizations with expert technical expertise in all aspects of affordable housing development. CEI's Kevin Knudtson has worked with ABHOW on its Section 202 projects in Redlands, South Lake Tahoe, San Luis Obispo and San Leandro. The firm American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing City of Dublin specializes in the packaging and financial development for tax credit and other subsidized applications and helping nonprofit developers raise equity capital through syndication. EXPERrENCE IN SUCCESSFULLY DEVELOPING HIGH DENSITY HOUSING ON DIFFICULT-TO-DEVELOP INFILL SITES All of ABHOW's recent Section 202 projects have been infill development, requiring innovative solutions to a number of problems. For example, the Iudson Terrace Lodge site was two land-locked Parcels left from the development of the original project many years ago. The local board had made a number of attempts to purchase adjacent parcels (already developed) in order to increase the size of the site and the design options. ABHOW and its architect were able to design a project meeting the City's requirements, minimizing objections from the surrounding neighbors, and allowing access to the site through the existing project. Other difficUlties with this site included a steep change in grade requiring the of building of an extensive retaining wail system and working with surrounding neighbors to resolve survey and fence line changes. While a number of these issues were challenging and caused some delays, the ABHOW team was able to solve the problems and proceed. Another example is the San Leandro Project, which fronts on 14a Street near the city's border with Oakland, adjacent to a residential neighborhood. The site was formerly an automobile dealership and had some toxiC issues that the City addressed. ABHOW's primary concern was community acceptance of a multifamily high-density project in this location. Neighbors had earlier prevented a potential development at the site. ABHOW and its architectural team held a series of meetings with community residents to get input into the design and ended up with full support from the neighborhood. The site presented other challenges as well, such as providing sufficient Parking, buffering from the noise and traffic on 14t~ Street, and meeting the City's objective for having a distinctive and attractive building near the gateway to the city. The projects in South Lake Tahoe and Redlands also presented challenges. For example, in South Lake Tahoe, also an infill site, there were a number of environmental concerns, including minimizing tree removal from the site. The Tahoe Regional Planning Agency also required that any construction involving ground disturbance that might cause mn-off into the lake could only take place between May and October, requiring a very tight construction schedule. American Baptist Homes of the West (ABHOW) 2 Request for Proposals Dublin Senior Housing Ci~ of Dublin DEVELOPMENT TEAM'S EXPERIENCE WITH CITIES LIKE DUBLIN IN REGARDS TO THE LOCAL ZONING AND PERMITTING PROCESS ABHOW is experienced in obtaining the necessary zoning approvals for its projects. For example, the ludson Terrace Lodge in San Luis Obispo site was zoned Low Density Residential. ABHOW was successful in getting the both the General Plan designation and the zoning changed. The City changed the zoning to High Density Residential and granted a density bonus for the project. DEVELOPMENT TEAM'S TRACK RECORD IN THE DESIGN AND CoNsTRucTION OF RENTAL MULTI-UNIT HOUSING PROJECTS WITHIN BUDGET AND ON SCHEDULE The two most recently completed Section 202 projects are discussed below. Note that both of these projects were completed under budget and not all of the funds allocated were used. Tahoe Senior Plaza As discussed in Section 5, ABHOW's Tahoe Senior Plaza was given a special award for design excellence in 1999. Furthermore, according to HUD, this project was the fastest developed 202 in the history of the program, and ABHOW received a HUD best practices award for the project. 202 Application: July 1997 Ground Breaking: June 1998 Certificate of Occupancy: Feb. 1999 Funding Source Allocated Used HUD 202 $3,576,000 $3,089,501 City/HOME 952,381 873,233 Photographs project are presented Appendix of the A. Fern Lodge Fern Lodge is also discussed in Section 5, with photos in Appendix A. This project involved a number of problems in addition to the site problems discussed above. Although the initial American Baptist Homes of the West (ABHOW) 3 Request for Proposals Dublin Senior Housing City of Dublin Section 202 application (1994) was not selected for funding, ABHOW re. applied and was awarded the funding in 1996. 202 Application: luly 1996 Ground Breaking: Dec. 1998 Certificate of OccupanCy: lUne 2000 Funding Source Allocated Used HUD 202 $4,947,900 $4,243,872 City 1,720,285 1,338,057 COST PER UNIT TO CONSTRUCT AND FINANCIAL PLAN INCLUDING PROPOSED LOAN REPAYMENT PLAN This is addressed in the next section, which covers project financing and total development cost. American Baptist Homes of the West (ABHOW) 4 Request f°r Proposals Dublin Senior Housing Ci~_ of Dublin SECTION 7 PROJECT FINANCING AND TOTAL DEVELOPMENT COST TYPES OF FINANCING PROPOSED We have considered three primary financing strategies for the Dublin senior project as follows: · HUD Section 202 Capital Advance with Project Rental Assistance, · 9% tax credits, and · 4 % tax credits and tax-exempt bonds. These approaches are discussed below. HUD Section 202 We prefer the HUD Section 202 alternative for financing the Dublin project for several reasons. Most importantly, the program provides long-term very deep subsidies to the tenants r-- through the Project Rental Assistance Contract. This project-based subsidy allows the project to serve households at 20 % of area median income and below. Based on our experience working with low-income seniors throughout California, this is where the need and the market for affordable housing are greatest. A second reason for pursuing a Section 202 strategy is that it minimizes many of the major costs of developing housing, primarily financing fees and construction period interest costs. Because the HUD funds come in the form of a capital advance, there is no associated interest costs or fees, substantially reducing the costs and reducing required funding from local public agencies. The capital advance further requires neither ongoing debt service nor any repayment at the completion of its term. Lastly, while the Section 202 allocation process is very competitive, it is relatively inexpensive t to apply. Unlike the tax credit program, Section 202 does not require that land use approvals r"- be in place, that the project be ready to commence construction within 150 days of award or ~ that ali required construction period financing be committed at the time of application. i For these reasons, ABHOW considers the HUD Section 202 program to be the most desirable funding vehicle for the project. ~ American Baptist Homes of the West (ABHOW) 1 Request for Proposals Dublin Senior Housing Ci~. o_f Dublin Based on the HUD 2002 Development Cost Limits, we believe the project would be eligible for a HUD award of $5,540,800 in capital advance funds. We have assumed that the project could obtain an award of Affordable Housing Program funds from the Federal Home Loan Bank Board of $240,000, based on $5,000 per unit. Based on these assumptions, we project that an additional $1,753,358 woUld be required from the City, County, and/or other local public sources. While not shown in the attached development budget, ABHOW expects to be able to commit $100,000 of its own funds to the project and in addition would seek funding from the ABHOW Foundation. It is possible that, by the time this project has a Section 202 fund reservation, the State of California's Multifamily Housing Program may be operational again through the approval of the proposed November 2002 affordable housing bond measure. MI-IP could fill a substantial portion of the gap shown. 9% Tax Credits As a backup financing plan, we have looked at the 9% tax credit program. While we see this plan as substantially less attractive than the HUD Section 202 alternative, we have analyzed the tax credit scenario. Our primary concern with using tax credits is affordability. We project rents at the highest levels that still maximize points under the allocation system in an effort to maximize the first mortgage and reduce the need for local public subsidy. These rents, affordable to households at 45 % and 50% of area median income, are more than tWice the amounts that tenants would pay under Section 202. We project tax credit proceeds of $6,259,358 using estimated pricing of 85 cents per dollar, which is reflective of the current market for 9% tax credit projects. Based on the TCAC rents described above, we estimate the project could support a conventional first mortgage of $1,299,300. Under this scenario we also have assumed that the project could obtain an award of Affordable Housing Program funds of $240,000, as under the 202 scenario. The remaining gap, estimated at approximately $1,774,000, would need to come from local public agency funds. This amount, which is nearly equal to the gap under Section 202, could be reduced if the project were able to obtain project-based vouchers from the Housing Authority, which could leverage additional debt. American Baptist Homes of the West (ABHOW) 2 Request for Proposals Dublin Senior Housing Ciff of Dublin 4% Tax Credits and Bonds While developing senior housing with 4 % tax credits and tax-exempt bond financing is possible, we do not believe a bond scenario will result in rents sufficiently affordable to meet the needs of the Senior poPulation. Proposed Length of Affordability The proposed length of the affordability covenants would depend on the financing programs used. Based on the requirements of the Section 202 program, all of the units would remain affordable for at least 40 years. Under the tax credit scenario the units would remain affordable for 55 years. However, ABHOW's goal would be to keep all of the units affordable permanently in keeping with its mission to serve very-low income seniors. For example, the financing on Harbor View Manor, one of ABHOW's a HUD insured projects in Tacoma, will be fully paid by 2007. ABHOW is in the process of refinancing Harbor View Manor under the HUD 223(0 program to ensure affordability for another 40 years. Cost Per Unit and Financial Plan As shown in the development budget fOr a Section 202 project, the estimated construction cost per unit is $122,386 per unit, which includes the additional cost for the underground parking. The total development cost per unit (assuming no land cost) is $156,962 per unit. ABItOW anticipates that City gap financing would be structured as a loan at 3 % interest payable from surplus cash flow, with the balance due at the end of the loan term. (This is similar to the financial arrangement with the City of San Leandro for the project there. The San Leandro loan will be given at the end of the term if the units remain affordable.) We would also anticipate minimal if any surplus cash flow because our primary goal is to maximize affordability by minimizing rent increases over time. 30-Year Proforma and Breakdown of Soft Costs and Total Costs The estimated cost to develop the proposed project as a Section 202 project or as tax credit project and a 30-year proforma for both scenarios are presented on the following pages. American Baptist Homes of the West (ABHOW) 3 Request_for Proposals Dublin Senior Housing Ci~_ of Dublin Rationale for Request for City Gap Financing Based on the assumptions discussed above regarding financing under the Section 202 program, we project that an additional $1,753,358 would be required from the City, County, and/or other local public sources. This could include funds from the City's inclusionary housing fund as well as HOME funds from the County. It is important to note that in its 202 selection process HUD considers the amount of local financial support that a project has. A substantial local financial contribution can play a critical role in a proposed project's ranking and selection for funding. American Baptist Homes of the West (ABHOW) 4 SECTION 202 TOTAL HUD Section 202 Capital Advance 5,540,800 City of Dublin/Alameda County 1,753,358 AHP 240,000 GP Equity 0 LP Equity 0 Subtotal 7,534,158 IConstruction Loan TOTAL SOURCES 7,534,158 Dublin Senior Housing TOTAL Land 0 Transfer Taxes 0 Acquisition Title 0 Construction Testing 15,000 Utilities 159,000 Unit Construction/Residential 5,874,520 Furnishings 25,000 Contingency 293,726 Architecture/Engineering 469,962 Soils 15,000 Surveys & Subdivision 7,500 Phase 1 Environmental 4,500 Permits & Fees (Per City of Dublin) 352,950 Audit/Cost Cert 7,500 Developer Fee 50,000 Construction Management 30,000 Marketing/Rentup 25,000 Market Study 4,500 Capitalized Operating Reserves 20,000 Insurance 25,000 Taxes 35,000 Legal Construction 25,000 Legal Permanent 0 Title and Recording - Construction 15,000 Title and Recording - Permanent 5,000 Appraisal 15,000 Soft Contingency 50,000 Minimum Capital Investment 10,000 Permanent Loan Fees (2 pts + $5,000) Construction Loan Interest During Construction Construction Loan Interest After Construction TCAC Fees Syndication Consultant Syndication Legal Subtotal 7,534,158 I Repay Construction Loan TOTAL USES 7,534,158 SECTION 202 Tenant Utility INCOME AND EXPENSES No. ContdbutionsAllowance Net Rent Factor Year 1 Year2 Year 3 Year 4 Year 5 1 BR 47 220 50 170 2.0% 124,080 126,562 129,093 131,675 134,308 2 BR Mgr Unit 1 Subtotal 48 124,080 126,562 129,093 131,675 134,308 Vacancy @ 5% (6,204) (6,328) (6,455) (6,584) (6,715) Effective Income 117,876 120,234 122,638 125,091 127,593 Operating Expenses 3% (192,000) (197~760) (203,693) (209,804) (216,098) Operating Reserves (5,760) (5,933) (6,111) (6,294) (6,483) Replacement Reserves (19,200) (19,200) (19,200) (19,200) (19,200) Net Operatinglncome (99,084) (102,659) (106,365) (110,207) (114,188) HUD PRAC Subsidy 99,084 102,659 106,365 110,207 114,188 Cash Flow . . . Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 136,994 139,734 142,529 145,379 148,287 151,253 154,278 157,363 160,511 163,721 166,995 170,335 173,742 136,994 139,734 142,529 145,379 148,287 151,253 154,278 157,363 160,511 163,721 166,995 170,335 173,742 (6,850) (6,987) (7,126) (7,269) (7,414) (7,563) (7,714) (7,868) (8,026) (8,186) (8,350) (8,517) (8,687) 130,145 132,748 135,402 138,111 140,873 143,690 146,564 149,495 152,485 155,535 158,646 161,818 165,055 (222,581) (229,258) (236,136) (243,220) (250,516) (258,032) (265,773) (273,746) (28'1,958) (290,417) (299,130) (308,104) (317,347) (6,677) (6,878) (7,084) (7,297) (7,515) (7,741) (7,973) (8,212) (8,459) (8,713) (8,974) (9,243) (9,520) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (118,313) (122,588) (127,017) (131,606) (136,359) (141,283) (146,382) (151,663) (157,132) (162,795) (168,658) (174,728) (181,012) 118,313 122,588 127,017 131,606 136,359 141,283 146,382 151,663 157,132 162,795 168,658 174,728 181,012 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 177,217 180,761 184,376 188,064 191,825 195,662 199,575 203,566 207,638 211,790 216,026 220,347 177,217 180,761 184,376 188,064 191,825 195,662 199,575 203,566 207,638 211,790 216,026 220,347 (8,861) (9,038) (9,219) (9,403) (9,591) (9,783) (9,979) (10,178) (10,382) (10,590) (10,801) (11,0t7) 168,356 171,723 175,158 178,661 182,234 185,879 189,596 193,388 197,256 201,201 205,225 209,329 (326,867) (336,673) (346,773) (357,177) (367,892) (378,929) (390,296) (402,005) (414,066).(426,487) (439,282) (452,461) (9,806) (10,100) (10,403) (10,715) (11,037) (11,368) (11,709) (12,060) (12,422) (12,795) (13,178) (13,574) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (187,517) (194,250) (201,219) (208,431) (215,895) (223,618) (231,609) (239,877) (248,432) (257,281) (266,436) (275,905) 187,517 194,250 201,219 208,431 215,895 223,618 231,609 239,877 248,432 257,281 266,436 275,905 TAX CREDIT TOTAL CONSTRUCTION PERMANENT First Mortgage 1,299,300 1,299,300 City of Dublin/Alameda County 1,774,095 1,774,095 AHP 240,000 240,000 GP Equity 626 626 LP Equity 6,259,358 6,259,358 Subtotal 9,573,379 IConstruction Loan 6,409,973 6,409,973 TOTAL SOURCES 15,983,352 8,424,068 7,559,284 TOTAL CONSTRUCTION PERMANENT Land 0 0 0 Transfer Taxes 0 0 0 Acquisition Title 0 0 0 Construction Testing 15,000 15,000 0 Utilities 159,000 159,000 0 Unit Construction/Residential 5,874,520 5,874,520 0 Furnishings 25,000 25,000 0 Contingency 293,726 293,726 0 Architecture/Engineering 469,962 469,962 0 Soils 15,000 15,000 0 Surveys & Subdivision 7,500 7,500 0 Phase 1 Environmental 4,500 4,500 Permits & Fees 432,000 432,000 0 Audit/Cost Cert 7,500 7,500 0 Developer Fee 1,200,000 200,000 1,000,000 Construction Management 30,000 30,000 0 Marketing/Rentup 25,000 25,000 0 Market Study 4,500 4,500 0 Capitalized Operating Reserves 100,000 0 100,000 Insurance 25,000 25,000 0 Taxes 35,000 35,000 0 Legal Construction 10 000 0 10,000 Legal Permanent 5 000 5,000 0 Title and Recording - Construction 20,000 20,000 0 Title and Recording - Permanent 15 000 15,000 Appraisal 15 000 15,000 0 Soft Contingency 50 000 50,000 0 Construction Loan Fees (1 pt) 96 150 96,150 0 Permanent Loan Fees (2 pts + $5,000) 30 986 30,986 0 Construction Loan Interest DUring Construction 395 816 395,816 0 Construction Loan Interest After Construction 101 491 101,491 0 TCAC Fees 50 729 60,917 10,189 Syndication Consultant 30,000 15,000 15,000 Syndication Legal 30,000 15,000 15,000 Subtotal 9,573,379 8,424,068 I Repay Construction Loan 6,409,973 6,409,973 TOTAL USES 15,983,352 8,424,068 7,559,284 TAX CREDIT INCOME AND EXPENSES Tenant Utility No. Rent Allowance Net Rent Factor Year 1 Year 2 Year 3 Year 4 Year 5 1BR @45%AMI 24 628 50 578 2.0% 180,864 184,481 188,171 191,934 195,773 1BP. @50% AMI 23 698 50 648 2.0% 192,648 196,501 200,431 204,440 208,528 2 BR (~45% AMI 0 754 65 689 2.0% - 2 BR (~50% AMI 0 838 65 773 2.0% - - ' 3 BR ~;~45% AMI 0 871 79 792 2.0% - - ' 3 BR (~50%AMI 0 968 79 889 2.0% - - 3 BR (~60%AMI 0 1,161 79 1,082 2.0% - - - 2 BR Mgr Unit 1 Subtotal 48 373,512 380,982 388,602 396,374 404,301 Vacancy @ 5% (18,676) (19,049) (19,430) (19,819) (20,215) Effective Income 354,836 361,933 369,172 376,555 384,086 Opemting Expenses 3% (192,000) (197,760) (203,693) (209,804) (216,098) Operating Reserves (5,760) (5,933) (6,111) (6,294) (6,483) P,eplacement Reserves (19,200) (19,200) (19,200) (19,200) (19,200) Net Operating Income 137,876 139,040 140,168 141,258 142,306 First MortgageDebt Service 119,886 119,886 119,886 119,886 119,886 Cash Flow 17,990 19,154 20,282 21,372 22,420 Debt Service Coverage 1.15 1.16 '1. '17 1.18 1. '19 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 199,688 203,682 207,756 211,911 216,149 220,472 224,882 229,379 233,967 238,646 243,419 248,288 253,253 212,699 216,953 221,292 225,718 230,232 234,837 239,534 244,324 249,211 254,195 259,279 264,464 269,754 412,387 420,635 429,048 437,629 446,381 455,309 464,415 473,704 483,178 492,841 502,698 512,752 523,007 (20,619) (21,032) (21,452) (21,881) (22,319) (22,765) (23,221) (23,685) (24,159) (24,642) (25,135) (25,638) (26,150) 391,768 399,603 407,595 415,747 424,062 432,544 441,194 450,018 459,019 468,199 477,563 487,114 496,857 (222,581) (229,258) (236,136) (243,220) (250,516) (258,032) (265,773) (273,746) (281,958) (290,417) (299,130) (308,104) (317,347) (6,677) (6,878) (7,084) (7,297) (7,515) (7,741) (7,973) (8,212) (8,459) (8,713) (8,974) (9,243) (9,520) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) 143,310 144,268 145,t 76 146,031 146,830 147,571 148,248 148,860 149,401 149,869 150,259 150,568 150,789 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 23,424 24,382 25,290 26,145 26,944 27,685 28,362 28,974 29,516 29,983 30,374 30,682 30,904 1.20 1.20 1.21 1.22 1.22 1.23 1.24 1.24 1.25 1.25 1.25 1.26 1.26 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 258,318 263,485 268,754 274,129 279,612 285,204 290,908 296,727 302,661 308,714 314,889 321,t86 275,149 280,652 286,265 291,990 297,830 303,786 309,862 316,059 322,381 328,828 335,405 342,113 533,467 544,136 555,019 566,120 577,442 588,991 600,771 612,786 625,042 637,543 650,293 663,299 (26,673) ~7,207) (27,751) (28,306) (28,872) (29,450) (30,039) (30,639) (31,252) (31,877) (32,515) (33,165) 506,794 516,930 527,268 537,814 548,570 559,541 570,732 582,147 593,790 605,665 617,779 -630,134 (326,867) (336,673) (346,773) (357,177) (367,892) (378,929) (390,296) (402,005) (414,066) ~26,487) (439,282) ~52,461) (9,806) (10,100) (10,403) (10,715) (11,037) (11,368) (11,709) (12,060) (12,422) (12,795) (13,178) (13,574) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) (19,200) 150,921 150,956 150,892 150,722 150,441 150,045 149,527 148,881 148,102 147,183 146,118 144,900 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 119,886 31,035 31,070 31,006 30,836 30,555 30,159 29,641 28,995 28,216 27,297 26,232 25,014 1.26 1.26 1.26 1.26 1.25 1.25 1.25 1.24 1.24 .' 1.23 1.22 1.21 Tahoe Senior Plaza South Lake Tahoe, California Exterior Views Tahoe Senior Plaza South Lake Tahoe, California Exterior Views Tahoe Senior Plaza South Lake Tahoe, Califomia Exterior View Tahoe Senior Plaza - Interior Lobby View 1999 Az~ard$ ?rogra. t~ Certificate of Appreciations. . ~ · .~.~ has recei~,ed a special award for excellence Euah~ation criterio inc&&g the desigi~ efJbctiveness, ease of maintenance, materials used and o~eraR v[s~tal qual/n~ ~.'~ .'~ . .... 77c. ,: .... ' · Jim Grant/Tahoe Tdlsu~. Above, char~er residents of tfii~ Tahoe Senior Plaza pose for a . photo Friday during the grand opening ceremony. Right, residents Don and Shirley Jones are e,c'~ed and thanidul to be in their new home. Home ~' The first' affordable sweet housing complex for seniors in the basin was ih 0 me unveiled in South Lake Tahoe On Friday By Sarah Gonser To qualify £or .Senior Plaza Tnlmne S._taft Writer lng, applicants have to be 62 or older and e~n less !hah S 18.C~ a Wilh ball.ns bobbi.n~ ~nd ~he yam; said Palrick Conway, cilv ~em of new bnildi.~ sdll lin~erin~ i~ousin~ coordirmtoi: Tena~t in ~e hallways, tenanis and staff iioo bcg~n last October. grand o~n~ag ~i!~Y- ' ' ......... ~ ' 7he PI~ i~ die'fi~t ~rdabte Senior Cc~llcr to ~lec[ thc 45 in i~ basin. Ex'co/apanmeni nmi ~ople waiting to gel in, but ~hey'll is ~cupied and 50 ~plicanis a~e haw to ~ii ual ii uni~ become on &e waiting Iisi for future vacan- available." cies. Rent fi)r ~he apanme~ts is based The cedar building, a handsome on 30 percem of ihe stmcmm wiih a rustic alpine inco~. design, conU~ns 45 one-bedroom "~,pically, fllese ~aior~ ~e oli apa~menls, ~ch eomplele wiih fixed incomes, so we're ~eein~ tens ~tchen, bai~m and living mom. ranging tFom $150 io "I love iL Ws quie~ and the build- Conway said. ';The pr,:tiecg has lng is beautifnl,' said tenant JanT rental assistance fi'om tUuiled I _ Brown who moved to Sonlh Lake Stoles Housing and Development). guaf;mteed Ik~J' the Tah~ from tt~e Bay Area i~ee next five :/ears. Thai m;4;e~ up ye~s ago. 'Tm getling n lot more difl~rence in housin~ ~ ~%~ i;~r space for a lot less money.'The lhe lenau~ are.'i abl: i~ pa>." waiting list for affordable senior Alier tile i:ii~i il'. ,: 5 e;~i.', of housing down in San Francisco was eight years, so I'm really happy." c ..... ~,- = .. i~i ......................................... ;-~ ............................................... Continued from Page lA Contil ~i~ ~ ~!~{ ~A .~. support, the agreement will very likely be "Gle! ~ ~ ~ ,~.~_~ g ~]~ ~ renewed, Conway added, could "~ere's no anticipation that suppoa broo[ ~~~ ~ ~ ..~ ~~ would not be continued, it would be very coum ~ ~)~ h~d politically for Congress not to con- plans. tinue funding projects like this," he said. If t Each unit was built to meet American pendi ~V g. qT~ry Y~mp$on Disability Act requi~ments and, al- ass~ . ~ribv~e $ca~ w~*r though designed for one ~rson, can e~i- be to ,, _, .... ~- . iy accomm~ate two. b~it ¢...~ ~elevisiomY2Kh~llenniUn~click on ahvpe?~tdio ~t .~,,s~,. m a biting ea. "It's certainly comp~able to ~y~g Ab without being hit wi~h a b~- High School students hu in the housing m~ket," s~d Cons~ction dorse :¢~-al. Wednesday to discuss a s Manager Suzanne Saucier. "It's consid- lng a~ :~ light re~ine to pass the ~een-agers iu TM~oe ~ su ered independent living, ~e ~ttom line As ~ "We need'm let ~opl isyou haveto be able to live by youmelf it "s >ut there isn't enotmh thne . Ashle~: Co!yin saki. . ~ 2000. ~o read all the Y2K material ~hat is curt'oilily r,'4]h:*, oily ahd .il j~SI did." Elevators, ~b-b~s, sliding d~m, speci } ' Whal Co]vin iS tal~n! emergency-nume alarms,' braille and * ~.' '. -; .... c. - ~ :: ~een-ageC inMarch, detectors equipped with large flashing didn' h~ trends, ~ook mt~decs were ~oss~b~y me ,mqr ~-:: m~- ~mto The smdentL none of.~ ligh~ meet many of the needs of the el- TI -- and ihe printed wo~ t;hkes ~ back se~t ~o ~o 6~h~r medium said lochs in'Tah~ face r2~0. . . , derly and dibbled. ' . erin~ wi&xvhich' mc~l up in .fron~ e~ d,e fire: "P~,.¢ce~sfire.:relation At presenf;:a~eoMing to'~6nwaY, al- :::V": ~uit,. ~,~hqi&,, b~/Dwight L. Ki~i~6~'.: .... ' .Utho~ mainmlns that:me 3,ea'r' 2000 {x, il$. bring us ~o one v;':L¢ld But ~h¢~]~e'~e.d~' a~ Lake Tah~:indudes the37~)fini~:Siem-" ~ ~n~ ~e predicted," saki Laureaa BoUrcu zh} who was one 0~ ~he s~ec} f~c t~'t6eil [ife':in'T~ G~den APanmeniS. the 96~unitChateau ally: : "i'~.t:~v of the kids cum Bijou Ap~tments; the 28-unit T~ B ;~-~' See J:~/p~. ~:t~e 2A ~?~-¢>~c~ed to ~ ~rfecl Pines and the 70runit T~ Valley T0~' gum x~..~,~ organized lhe vigil..' Homes. ~°1 [ ,~ · The smden~ said the: .... . .... - .....awareness that sUicide:iS i ~ ~~:~ ~~m~~ ~~' such as T~,.,:The3 ~!$oi ~ '.';.~t¥: - ,P.,'.'.~."¢ .'x '[ ':-;?/ '; ;. · . .. ": .,: . ~ 6ns-o[om~s m:. on bdls n~ed. the Senate ~t~cl~cmrv :"-: Lt~e .T~ c~m2 ;,. Cometic ChMred by Mark James, R- ~.':- ~-"-'-:-. - '--L~ ~e~a~ ;~amen~l and pa~.~-d 5B-19; t :tirade.' by the ::::'~d ~n{ ii t6-'.~h~ fld0t: The tull Senate' iisi' ASS~Dly fOr p~S~i [De measure ~rMay n,'~t~:OUt as a':,';' -l'ne :a~o~nis mcluoe'a cllaage,: ~em~on"boards '; ;sought 'b¢ Whlttemore,. as. ~unsel. for '~ . e~t ~mmum- . · .... -..:. .... , ......... I · 92 . . ~. · ............. ~; -crises.hot .mc.at 5~-, I flffeS ::.:,:~c!}~.siv~ ~,br~k(':Page 2A. f :.also has a 245h°6i hot iin~ TAHOE PLANNING AGENCY REGIONAL 308 Dorla Court P.O. Box 1038 (775} 588-4547 Elks Point, Nevada Zephyr Cove, Nevada 89448-1038 Fax (775) 588-4527 www. ceres.ca, gov/trpa Email: trpa @ sierra.net September 17, 1999 'Margaret Weitkamp Baptist Homes of the West American 6120 Stoneridge Mall Rd., 3'a Floor Pleasanton, CA 94588 Dear Ms. Weitkamp: Congratulat"ions! The Tahoe Senior Plaza has been named the 1999 winner in the new multi-family housing category of the TRPA Annual Building and Erosion Control Awards Program. The projects were judged for site planning, architectural and landscape design, and best management practices. The aWards wi'Il be presented to the winners at the next regular meeting of the Tahoe Regional Planning Agency Governing Board. All Winners receive a certificate of aChievement, a duplicate of which hangs in the TRPA reception area for one year. You are cordially invited to receive your award on Wednesday, October 27 at 11:3Oa. m. at the Tahoe Seasons Resort, located on Saddle Road at Keller St.'in seath- i~ake Tahoe. We also encourage you to contact the primary contractors, architects, and engineers who wOrked on your project to invite them to attend the awards presentation to be introduced. Please call me at (775) 588-4547, extension 289, to let me know if you or a representative will be attending. Again, congratulations. We hope to see you October 27. Sincerely, Susanne Bentley .... AWards Program Coordinator cc: David Kelly Patrick Conway cc: David Early Planning for the Protection of our Lake and Land Fern Lodge Redlands, California Exterior Views Fem Lodge Redlands, California Exterior Views Pacific Meadows Carmel, Califomia Exterior Views Pacific Meadows Carmel, California Exterior Views Pacific Meadows Carmel, California Exterior View Pacific Meadows Interior - Dining Room ONE OF ~ CONEV~ MEETINGS TO DISCUSS THE SAN LEANDRO SENIOR PROJECT BROADMOOR NEIGHBORHOOD ASSOCIATION John Goodman - President P.O. Box 1222 San Leandro, CA 94577 May 16, 2000 The Honorable Andrew Cuomo, Secretary United States Department of Housing and Urban Development c/o San Francisco Multi-Family Hub 450 Golden Gate Avenue San Francisco, CA 94102-3448 Dear Secretary Cuomo: The Board of Directors of the Broadmoor Neighborhood Association are pleased to support the efforts of American Baptist Homes of the West to establish affordable senior housing at the former site of the Chrysler Plymouth dealership, located at the comer of East 14~ Street and Broadmoor Boulevard in San Leandro, California. Affordable senior housing is a serious concern in San Leandro, and many area residents participated in the planning process of this development. In addition, the community embraces attractive developments to the neighborhood and this would be a.welcome addition. We encourage the Department of Housing and Urban Development to approve funding for this much needed senior housing project. Sincerely, John Goodman President JG/gh JOHN F. KLEIN 66 Cambridge Avenue San Leandro CA 94577-1822 May 15, 2000 Secretary Andrew Cuomo U.S. Department of Housing and Urban Development c/o San FranciscO Multifamily HLrB 450 Golden Gate Avenue San Francisco CA 94102-3448 RE: Letter of S'upport - Sec. 202 Affordable Senior Housing Development 232 East I4th Street. San Leandro CA Dear Mr. Cuomo: I am writing to you in support of the low-income senior housing being proposed for San Leandro by the American Baptist I-lome~ of the West and the San Leandro Community Church. My family and I live adjacent to the property and I have talked to our neighbors about their concerns and interest in this property- development. All the neighbors recognized that affordable senior housing is needed in this area, but our immediate concerns were the impacts of sixty units of housing on our neighborhood and our properties: With our fears and apprehensions, we attended a city-sponsored meeting with the developer. Instead o£dictating the impossibility of changing their concept and putting a burden upon the neighbors to accept, the developer invited us m attend moetings with th~ axchitex,~t to coordinate the design of the building 'ami rnjr~imjze negative impacts on the neighborhood. At the,ac meetings we brOke up imo small groups using drawings and models to study the needs of the building and the actual impacts on the neio~hborhOOd; This innovative approach of having the neighborhood work with the architect before going through the formal planning process answered the concerns of my neighbors and has created strong support for this project. We hope .that HUD will be as impressed and supportive of this proposed senior homing development as we have become. JUDSON TERRACE . LODGE APART~NTS FRAIL ELDERLY 9817 ~__ ~I ~ --,~ .... ~ ~~~ ~ ~ SEIP~ ~ERIOR MA~RIAL8 ~ ~ '~ ,,~ ~ ~ B_~.¢ L'~ 4-- ~.... ~ST ] EX~RIOR ~TERIOR i E~ERIOR ELEVATIONS JUDSON  TERRACE j ~ Exm~o. M^T~RL~i.S LODGE w,~ ~.~ ,~*,~ ~ ~ ~ AP~T~S COUR~ARD - ~T WING E~, ~ST ~NG =,. m~ ~RtOR EL~A~ONS END, ~ST ~NG COUR~D E~RIOR ELEVATI~S 6 JUDSON TERRACE , ? LODGE i j ~ APARTMENTS J ~ ~ FOR THE r-' ............... t---" .................................................................................................................... --' J FRNL ELDERLY SITE PLAN )SITE PlaN JUDSON TERRACE . LODGE · APARTMENT~ FOR 11JE _~ (~ FRAIL ELDERLY ~ @ ~) ~ ~ 9817 .... · . ~] ~ SECOND F~R P~  SECOND FLOOR P~N ~ A-5 AMERICAN.BAPTIST HOMES OF THE WEST (a OW) Resume ABHOW's history is grounded in delivering a continuum of services to seniors'that will allow them to age in place in conffortably and with dignity in a stimulating and nurturing environment. For the first twenty years of its existence (1949 to 1969) ABHOW concentrated its efforts on the develOPment and management of continuing care facilities. In 1969 it expanded its operations to include subsidized rental complexes, primarily Section 202-financier, serving low- and very Iow- income seniors. It also expanded its geographic focus beyond Northern California to include Southern California, Washington, Washington D.C. and Arizona. Throughout its twenty-eight senior housing developments, ABHOW is committed to providing its residents With more than.just a place to live. As with all senior housing populatiOns, ABHOW's resident population is steadily increasing in overall median age. Practical experience and gerontological research findings confirm that increasing age leads to a commensurate decrease in ability to live independently, as mental, physical, social, and financial resources diminish. ABHOW's experience has taught, us ~hat it is not sufficient to simply provide information to seniors about community resources, and then expect that they will appropriately use those resources on their own. In most cases, elderly consu'mers cannot identify their own needs, or cannot negotiate the complex bureaucracies of agencies in order to procure needed services. ABHOW's philosophy' of"aging in place" led tO the establishment of a variety of non-housing departments and programs to meet the growing needs of ABHOW's older population. The services are available to all residents, families and staff, to provide consultation, assessment, intervention, information and referral assistance. Continuing care retirement communities offer at least three levels of housing and services: independent living, assisted living' and skilled nursing care. 'Services' other than housing which are Provided for residents in ABHOW's thirteen continuing care retirement communities include daily meals, h°Usekeeping, maintenance and repair' SOcial services, activities, and financial planning to name only a few. Several continuing care retirement communities also provide home care, home health care, health and nutrition counseling, wellness and fitness programs, out-patient health clinics, specialized care programs for Alzheimer's residents,'education and training programs, and spiritual guidance and counseling. Corporate planning goals for all ABHOW's retirement facilities continue to address resident and employee issues surrounding ethics and values, customer services, and diversity. Programs and services-to enhance these emphases are on-going Operating the fifteen low and moderate income rental housing communities provides more of a · challenge for ABHOW; since resources and staff availability are more limited. ABHOW brings in 'supportive services from outside, using all 'available private and government resources, and, additionally, prOvides supportive services in health care, food service and nutrition counseling from its. corporate office. The folloWing sections describe specific ABHOW non-housing programs: . Service Coordinators (Affordable Housing) Community Services In-House Services Food Service Home Care Health Services Social Services Program Activities Programs Service Coordinator (Affordable Housing) In 1994, ABHOW secured funds to hire a full-time service coordinator for Allen Temple Arms and Alien Temple Arms, No. 2. Harbor View Manor, Judson Terrace Homes and Oak Knolls Haven were awarded a Service CoordinatOr grant in 1997. At Bellflower Friendship Manor a part-time Service Coordinator is funded by the sponsoring church. ABHOW has applied for additional service coordinator positions and will request funding for this and several of our additional communities. The Service Coordinator's duties include information and referral, short term case management, advocacy, and the monitoring of provision of community based services. The Service Coordinator is also responsible for gathering and updating needed information from residents that would be necessary in case of an emergency. In the past, we have found that this information greatly improves ·health care provider's ability to pi'ovide appropriate care. This project, called the "Vial of Life Program," has proven valuable in ABHOW's housing developments. The following is a list of ABHOW's Service Coordinator responsibilities: 1. Provide general short term ease management and referral services to all residents needing such assistance. 2. Complete information 'questionnaire of reach resident. 3. Meet and establish relationship with all new residents. 4. Make at least one home visit everY six months to every resident. 5. Establish linkages with ail agencies and service providers in the community and establishing a directory of providers, foruse by both project staff and residents. 6. Educate residents on services availability, application procedures, client rights, etc. 7. If necessary, assist resident with the decision to move'to a higher level of care. 8. Complete the Vial of Life Program, including updating all emergency information. 9. Monitor the on-going provision of services fi.om community agencies. 10. Conduct "neighborhood" safety meetings at the buildings. 11. Attend workshop, seminars, conventions on senior issues, as well as expand knowledge in the field through reading books and periodicals. 12. Provide weekly hospital and nursing home visits to residents at risk. 13. Set up volunteer support programs with service organizations in the community. 14. Educate other staff'on the management team on issues related to aging in place and service coordination. 15. Keep secure files on residents served. 16. Record and track resident progress. Community Services In addition to providing in-hoUse supportive services, ABHOW has a long history of working with outside community programs to bring services to the residents. At many sites, residents may participate in as many as 40 different activities each month. These activities include such topics as workshops on nutrition and health care; exercise classes, current events, and ESL classes, arts and crafts, ~nd entertainment: ABHOW also recruits health care professionals, such as doctors, nurses, podiatrists, and optometrists to visit residents. ABHOW also brings housekeeping, assisted living programs, food service programs, and van service to some of its buildings under a variety of programs. Assisted living services may include daily meals, housekeeping, monitoring of medications, bathing, laundry services, and van transportation to medical appointments. In-House Services ABHOW is committed to providing a wide array of in-house supportive services, opportunities to volunteer, visiting professionals and volunteers, educational classes, van services, medical services, housekeeping, assisted living, and residential care services to assist every resident to retain his or her independence with a high quality of life. This commitment to supportive services is central to the mission of American Baptist Homes of the West. Food Services Program Meals programs-are provided in twenty of the twenty-eight ABHOW homes. ABHOW employs a Food Services Director who monitors all of ABHOW's meals programs. ABHOW corporate staffplans and establishes overall policies and general procedures, but also allows flexibility to local facilities to meet the needs and desires of its Iocal residents. In ABHOW's food programs, guidelines for providing adequate daily nutritional needs and special dietary requirements must be applied. For Casa de la Vista, located in Redlands, CA, one meal a day, five days a week is provided, at cost, to residents who wish to participate. Delicious meals are supplied from the neighboring Plymouth Village, a continuing care retirement community. Home Care In our HUD-assisted facilities and others which do not have a continuing care component, ABHOW strives to utilize local agencies and services to provide home care to those who are aging in place. Typical services brought in to the facility include the following: Financial assistance '~ransportation to and fi.om medical appointments Shopping services House cleaning services Home health aides' Medical equipment - beds, walkers, canes, shower chairs - delivered to your home Educational information on nutrition, chemotherapy, radiation therapy Crisis intervention ' Emotional Support Communication techniques with medical community ABHOW develops a health care team which works closely with the nurses, pharmacists and physicians, to assure'that residents are receiving every possible service available, free of charge when possible. The goal is to keep the resident in their home as long as possible. Health Services Program Skilled Nursing ABHOW currently provides over 700 nursing facility b~ds in nine different continuing care facilities, ranging in size from 40 to 120 beds. Maintaining a high. level of occupancy and providing, quality care remains a significant challenge in the health care environment of'the '90's. New directions being explored, include planning for adding newer and. higher skill level services, exploring relationships with managed care organizations, and providing home health services. Each of ABHOW's health care centers is set up for short- or long-term illnesses with licensed staff on duty 24 hours a day. Therapy and restorative programs help residents achieve the highest possible degree of mobility and independence. Caring professionals minister to residents/patients who are convalescing from surgery and illness and to others who need on-going daily care. Social services are available to assist the patients and family make the adjustments necessary 'to optimal functioning. An activities program is designed to encourage, motivate, and restore. A licensed geriatric nurse on our corporate staff.is available for consultation about resident health needs. Assisted Living/Personal Care ABHOW includes assisted living in its continuing care facilities to residents who need assistance with the Activities of Daily Living including dressing, bathing, grooming, obtaining meals, and' receiving and taking medication. Licensed Nurses are available 16 hours per day to deliver spi~cialized care to residents in assisted living units. This care is critical for residents who wish to a apartment own personal belongings, rather thanlive in a more remain in private with their institutional setting of the health facilities. Programs are planned to meet the individual's energy level and mentally stimulating opportunities are encouraged, while self-determination is preserved. ABHOW is~eurrently exploring way to provide assisted living services to Iow and moderate income seniors in two communities, Bellflower and San Luis Obispo. Specialized care New emphasis is being placed on the need for specialized'health care programs. ABHOW opened an Alzheimer Care Center at PlymoUth Village in Redlands in 1996, and has operated an Alzheimer's Day Care Center in Oakland-based Piedmont Gardens for over five years. A hospice for the terminally ill is a feature of Valle Verde, a continuing care retirement facility in Santa Barbara. Social Services Program It is the responsibility of the Administrator, except where a social services coordinator is on staff, to coordinate social service programs and to respond to needs of residents. Referral of resident problems to community organizations and agencies are made when aPpropriate. A Resident SerVice Coordinator is employed wherever funds permit to assist residents as they age in place. Resident Councils are active at fifteen of the facilities owned and/or managed by ABHOW. Through active councils, residents have an opportunity to shape their community life at the projects as well. Every effort is made to enlist the cooperation and assistance of other resources within the community to enrich social interaction. .. Activities Program At ABHOW's facilities, a full complement of activities and programs open up new vistas for enjoyment and learning. Planned by the Resident Council and Staff', the choices may include: Adult education classesl including music and art appreciation Sewing and other needlework Exercises, ex~rcise room and equipment Painting, sketching, ceramics, woodworking and other crafts Gardening Interdenominational church services and Bible study Chartered bus tours and special outings Films and Slide shows programs: poetry reading, plays, book reviews, drama Cultural and other grOups Vocal and instrumental recitals, dance groups Teas, picnics, and ~peeial social and resident celebrations Bridge, billiards, chess, and other table games Senior center for residents and Community BoutiqUes and shops Libraries in all buildings, including large print books and books on tape ? A central video library offers a wide range of subjects Men's clubs Wellness committees Bingo' · Tax assistance Banking services on site Description of Other Programs or Projects that Demonstrate the Sponsor's Management Experience and Capabilities ABHOW now Owns and manages fifteen affordable senior housing communities and twelve continuing care retirement communities. The total number of elders served in the continuing care facilities is 2,665 and over 1,400 seniors and disabled people are served in the rental, complexes. ABHOW's Board has insisted from the beginning on a strong management program to ensure that properties are well-maintained, that maintenance services are responsive to tenants' needs, and that operations are kePt consistently on a sound financial basis. All facilities are under the central management ofABHOW's mhin office in Pleasanton, California. Every project is individually staffed with administrative, clerical, maintenance and grounds, and in many cases supportive services staff The administrators of all of the ABHOW-sponsored rental projects and continuing care facilities meet quarterly to review property management issues, exchange ideas, and establish and refine company management policies. ABHOW continuously seeks to imProve the quality and diversity of its management staff. ABHOW provided a wealth of written information to upgrade the knowledge of its staff For its affordable senior housing communities, ABHOW seeks highly qualified professionals with experience in property management and/or social services. Skills are maintained and upgraded through participation in training and seminars provided'by American Association of Housing for the Aging, (AAHA), California Association of Housing for the Aging, Association of Housing Management Agents, Institute of Real Estate Management (IREM), and various other industry groups. Of its twelve affordable housing managers, four are of African ancestry, eight are Caucasian. Five of the eleven are women. Office, maintenan~ce and kitchen staffs are racially and ethnically diverse and receive training and technical support through ABHOW and various industry groups. ANCEL ROMERO VICE PRES/DENT AFFORDABLE HOUSING ,---. Mr. Romero joined ABHOW'S Affordable Housing department after 4 years of i' service as Director of Property Management for a large for-profit organization ~ headquartered in Southern California. He now oversees the administration and ~ operations of all ABHOW affordable housing communities. Mr. Romero's ~ ' affordable housing background includes extensive exposure to Section 8, j ~ Section 202, Section 236, and below market interest rate programs. He has a~so r-' managed tax credit and market rate communities with the same level of ~ ' expertise. He is a certified professional of occupancy (CPO), a Certified Tax  Credit Compliance Professional, a National Assisted Housing Management ~ Professional, Executive level (NAHP-E), and currently serves on the Board of Directors of the Association of Housing Management Agents of Northern ~ California and Nevada (AHMA-NCN). He has also completed extensive fair · - housing and Section 504 compliance training. A noted industry speaker, Mr. Romero also provides consulting and training services to leading property ~ management companies and housing associations nationwide. AMERICAN BAPTIST HOMES OF THE WEST SUZANNE SAUCIER ASSISTANT VICE PRESIDENT, DEVELOPMENT AND CONSULTING SERVICES Ms. Saucier joined ABHOW in 1998. She has over 25 years experience in affordable housing management and multi-family housing construction. Prior to joining ABHOW, she was Director of Property Management for Mid- Peninsula Housing, responsible for the rent-up leasing and management of 3,500 units of affordable housing. Her background during the past 10 years includes time spent as a private housing consultant. Prior to 1982 she he~d the positions of Environmental Consultant, Project Director for AFC Financial Services, Regional Director (Central States Region), Housing Resources Management, Direc_/or of Property Management for CHISPA a non-profit development and property management firm, and building inspector for the County of Monterey. Ms. Saucier, who attended Golden Gate University and California State University, Fresno, holds a California Real Estate Brokers License and a building contractor's license. AMERICAN BAPTIST HOMES OF THE WEST MARGARET B. WEITKANtP Ms. Weitkamp retired from ABHOW in 2001 but continues to work with the organization on a consulting basis. Ms. Weitkamp directed ABHOW's rental housing division for seven and one half years. She has thirty years experience in the affordable housing industry. Prior to joining ABHOW she was Senior Program Manager for the California Housing Partnership for three and a half years, and was responsible for providing housing management information to nonprofit organizations and government agency staff throughout California. From 1984 to 1989 she an was Executive Vice President of Housing Resources Management, a firm which managed government-assisted housing nationwide. From 1977 to 1984 she provided training and consulting services to affordable housing providers and State and Federal housing agencies for the National Housing Law Project, and prior to that she operated her own company managing low and moderate income housing cooperatives in Michigan. She has authored a number of publications and has spoken on housing management issues at numerous conferences. Margaret holds Bachelor's and Master's degrees from the University of Cambridge, England, and is a National Assisted Housing Professional (NAHP-E). AMERICAN BAPTIST HOMES OF THE WEST DAVID B. FERGUSON PRESIDENT AND CEO Mr. Ferguson has been President and Chief Executive Officer of American Baptist Homes Of The West (ABHOW) Since 1995. He has more than 20 years experience in the senior housing industry. From 1992 TO 1995 He Served as Executive Vice President of ABHOW. Prior to joining the corporation, MR. Ferguson was Senior Vice President of Gmystone Communities, Inc. for four years. He WAS responsible for Management Services to the senior living communities and assisted in the acquisition and development of retirement cemters. From 1983 TO 1988 He was Executive Vice President and Chief Operating Officer of the Forum Group, with responsibilities for construction, operations and advertising. Before Joining the Forum Group, He was a Vice President with Lifecare ServiceS, where he was responsible for the operation of over 25 communities. AMERICAN BAPTIST HOMES OF THE WEST PAMELA L. SCOTT CHIEF FINANCIAL OFFICER Pamela Scott joined ABHOW as VP Finance and Chief Financial Officer in May 2000. Ms. Scott has direct knowledge of ABHOW through serving as a member of the corporate board and on various committees over the past several years. Prior to joining ABHOW, Pam was a partner with KPMG LLP with a total of 22 years of experience. During her tenure with KPMG LLP, Pam Provided audit and consulting services to a variety of public sector and non-profit clients including cities, counties, housing authorities, special districts, state agencies and continuing care retirement communities. She is alsO familiar with federal housing programs and related audit requirements. Ms. Scott received her BS degree from Linfield College, Masters of Business Administration from U.C. Berkeley and is a Certified Public Accountant in the State of California. AMERICAN BAPTIST HOMES OF THE WEST ~CAL¥ Iq. FONC~, 6D~cA ~ON : ~he~r N Ar~h ~e~t~re ~ver~ N ~G Ar~h~ctwr~ ~tr~t~ W~Sh[~to~, ~.c. Arch~ 5~ ~ ~toc~o~er b~c~ro~ to provue pr~~L a~ ~t e~ve ~o[~t~. ~ h~ve bee~ weLL over ~00 ~CLb~ ~LL~r~ wo~h N ~~tb~ pr~ ~ ~ ~rur. C~ on 0l~ l/~ 8:17 ~ P:~y ~u~UCKY FONG UPDAT~ ~U~.4~ Created on 01/31/00 g:i7 AM P:~/y Documents~H. UCKY FONG UPDATED RES~doc Background & organization Borges Architectural Group is a full service design and technology oriented firm specializing in hospitality, '~-~:~:~:':~?::.~:':~--'~- ?-: ~-::~',~:~'~;-':~:"-~..~.,~::~-. commercial, retail, industrial and religious master planning and Amhitectum design. Established in 1984 as Fong, Eatough & Borges Architects, the office has been responsible for the design and Planning planning of over 4,000,000 square feet of private and public sector developments ranging in size from fn~e thousand square feet to Interior Design over three hundred thousand square feet VV'~h a staff of over sixteen licensed architects and CAD technicians as well as other support personnel, we have the ability to successfully and effectively manage a 'project team" of experienced employees and consultants selected specifically for your project. Borges Architectural Group manages each project team under the supervision of our Operations Director, Richard Sambucetti. Richard is responsible for directing the efforts of our Project Architects and Managers and has over twenty-five years of experience in this capacity j~having managed virtually every type of public and private sector development including over one million square feet of mtial, commemial and office space within the past few years. Lane Borges, as Founder and President of Borges ArchitecflJral Group, also serves as Director of Design for the firm's religious and institutional projects. He was lead designer as well as project manager for such notable projects as the St. Marks United Methodist Church Education Complex, the Lutheran Church of the Resurrection Master Plan and Valley Springs Presbyterian Church Heather Martin, as Interior Design Director, is responsible for all of the firm's interior projects as well as general project. administration. She is responsible for client meetings and presentations during the material and finish selection phases of our projects and is instrumental in developing interior design concepts and assisting clients with int-edor layouts that provide for optimum circulation, efficiency, and economy. i: Borges Architectural Group maintains a complete staff of ~ professionals including Project Managers, Project Architects, CAD ~ Technicians and Clerics. We have developed a reputation as ~ leaders in design, site utilization and master planning by our ~:. recent work in the Sacramento valley. Our expertise extends throughout the complete project cycle from initial programming to ~ space planning, interior design, contract documents and ~ ~ construction administration, we have experience with a wide variety of user types including civic, residential, active adult, ~_ 1512EmM~a~ Suite240 churches, hospitality,, medical, office, industrial, retail and [ Rosevi~, ~ 95661 institutional facilities. 9~6 782-72(Xl ph 916 773-3037 fax Borges Architectural Group Design Methodology ~ ~ Regardless of the nature of any given design project, sensitivily is probably ~ most important ...... ".~":~'~ ~:~ ,,: ~*.~'.'~*.". ~','~-'-~*'-*~."-~::.','-~.~:".*.-~-~: ~:~ *, '"-' factor in the successful development of a design concepL Borges Arch/teclure Architectural Group recognizes a responsibility to ful/y evaluate and analyze U~e impacts of our des~gna because we understand Planning._ that any construction venture will have some type of impact on the environment, the community and of coume the Client. Successful Interior Design resolution or mitigation of those impacts can only be achieved within a climate of cooperation and communication developed by information exchange between the design firm and all other pa .tries. Through our vast experience in commercial construction as well as with other private and public projects, Borges Architectural Group has developed a design process that focuses on working with community groups, regulatory agencies and our client to arrive at a development strateg~ that can achieve the delicate balance required between optimum land use, environmental impacts, budget limitations and aesthetics. Our four step process is described below: ~. Program, Budget Development & Regulatory Reviev~ The first step in our design process is to meet with the client to develop a thorough understanding of the components of the project.as well as an undmstancrmg of the project budget. Defining these items in detail up front establishes the parameters of the development and eliminates unnecessary and costly misunderstandings at. later points in the project. Through programming and budget worksheets, we will together with the client~ determine specific area, special and aesthetic requirements along with detailed budgets for each component of the development includ/ng off-site improvements, land cost, soft costs, landscaping and constmcUon. Simultaneous with this process, we begin detailed investigation of regulatory processes, approvals and other entitlements required for the project, including alt design and construction impacts upon cost or schedule. ....... 2. .Com=ep~ua/Des/g~ Sa~d/es - Because we firmly believe · that there are always various design solutions available for any project, the next step in our process is to develop aitemaOves for evaluation by the client and other affecf~ parties. The options developed can emanate from pre- design meetings with the client and community or from programmatic, environmental or contextual restrictions and considerations. Regardless of the source, we recommend 1512 Eureka Road, Suile 240 Rosea~ Cal/omia 95661 presentation of these early ideas. Our experience has found that simple concerns can be more effectively and ~n6 782-7200 t~ 916 773-3037 fax economically dealt with at this stage than fudher along in ~w~.~.ca-n the design process. Borges Architectural Group Design Methodology 3. Design Development - Design Development is an important step in our design process because it is the stage at which ideas, concepts and recommendations become solid/fled for implementation into the final project. This step also serves to review and confirm the decisions arrived at with the client and community groups in earlier stages. Additional review by regulatory agencies is maintained at this point and detailed construction estimates are developed to evaluate design conformance with budget limitations. Too often design development is minimized or disregarded altogether. In our process, Design Development/s where the reality of the project really comes together. 4. Construc~on Documew~ & Design - Many firms consider design essentially complete either ator before the Design Development stage. Borges Architectural Group believes that many important design decisions are made during development, of the construction documents. Casual development of construction details can alone add more than 15% to the cost of a project and often more. We strive to continue the design process throughout construction document preparation because of our committment to maintaining a sens~ to the clients economic and budgetary n.~.ds. The design process employed by our firm and described above has been developed over a period of several years and has been shaped by our experiences, both positive and negative, as we have worked with clients, citizens and agencies on commercial projects throughout California. This method has proven to be successful and would be the logical choice when dealing with the proposed project because of it's similar nature. We feel our method is the most ~ way of arriving at a development proposal that tmely meetsthe needs and responds to the concerns of the client, community and city. Our recent successful work in Sacramento, Folsom, Roseviile, Rocldin, Stockton and Granite Bay is testimony to the success of our process and the quality of our work. Borges Architectural Group Professional Services & Clients Professional Services Architectural Programming Amhitecture Site Analysis and Feasibility Studies Land Use Utilization Planning Entitlement & Public Approvals Master Planning Interior Design Design Studies Architectural Design Construction Documents Construction Administration Interior Design Space Planning Tenant Improvements Post Occupancy Evaluations ADA Compliance Studies C//ents St. Mark's United Methodist Church Valley Springs Presbyterian Church Lutheran Church of the Resurrection New Hope Lutheran Church Opus West Wells Fargo Corporate Real Estate Stanford Ranch DeveloPment Co. Citadel Equities Group The Pacific Lumber Company GTE Directories Financial Pacific Insurance TRi - Encore International Transamerica Insurance OSI Software VeriFone/Hewlett Packard The Gap William Sonoma Cost Plus World Market Express Courier .. Project Types Churches Retail Shopping Centers Neighborhood Commercial Centem Warehouses & Manufacturing Facilities Corporate ~ Buildings 1512 Eureka Road, Su~e 240 Light Industrial Office Parks Restaurants R0seville, California ~I Schools 916 782-7200 ph 916~fax Senior Housing & Health. Care ~w~.~.com Multi-Family Housing Borges Architectural Group r.-- UINE BOI~F_~, AIA, Lane Borges has ~ in ~ ~it~ ~ ~ ~ 18 y~m ~ in ~ S~~ a~. He ~ man~ a~ ~ on a d~e~ m~e ~ ~ic ~ ~ ~ ~ ~ ~ in ~e ~  24 un~ to ~ 2~ uni~. ~ ~ ~ i~ in ~i ~ d ~ ~ ~ P~ ~ U~, e~~ in ~e ~i~ ~ ~na f~ ~e ~o~ die~ ~ Y~ ~ ~~ ~ INit, ~11~ nu~ ~ ~~ ~ ~11 ~ ~~ ~~t ~. 17 f~lia~. ~ ~ ~n ~ ~ a~ ~ ~en~ ~ ~ ~ S~m~ ~a~ & ~~~, R~ ~~ ~~~ Ho~ ~~, PhD Grip, ~ P~ ~ni~ ~ Cr~ ~ H~s. R~~ ~ ~de. ~. ~ !nd~ent ~n~r ~a~n~ ~- T~- 1~ Pin~ ~r, ~~ C~ P~ ~~ f~ ~ u~t ~ ~ I~-~~ ~le ~ in~ ~ a~. ~ ~ ~ i~ ~; ~-~ ~~on a~ ~. ~: ~ ~,~ ~u~in ~ ~~, P~mmp, ~. Pr~ ~h~ f~ ~ ~ ~. ~ dB~ ~ Pahmmp Va~ey ~~n~, P~m~, ~. P~ ~~ ~ ~ ~~1~ P~ !1 ~ ~ M~n~ ~~~.~i~ ~ ~~ ¢~ ~ ~ ~ d~~ ~ fo~ u~s ~ sidle ~ i~ ~ ~. ~ ~ ~i~ ~ i~l~ Ci~ e~0~, ~~ ~en~ ~ ~~ ~~ Ma~ ~b,~, C~ ~ C~ ~gn ~ ~. ~ ~ a 52 ~it ~e M~ i~ ~i= a~~ ~ ~ ~ ~~ ~ a 32 ~ ~ ~e ~1~ i~ a ~~ .... ~hen ~ ~ r~ ~ ~l ~ dini~, ~, ~ ~d~d S~I~ ~u~g F~I~, ~n, ~ ~gn ~~ f~ a 1~ ~ ~,~ ~ ~ ~1~ nu~ ~1~ i~ a ~~ k~ ~ni~ ~s, n~ ~, a~ ~ ~1~. m~ T~ ~r ~~ ~, ~ ~ ~ Pr~ Amhff~ for ~ u~ 81,~ ~ f~ ~ ~ ~r~ ~ ~ .... ~iN ar~. COMMUNITY ECONOMICS INC .i A NONPROFIT CORPORATION COMMUNITY ECONOMICS, INC. Community Economics, Inc. (CED provides nonprofit organizations and public agencies with expert technical assistance in the financing and development of affordable housing. CEI has a broad range of expertise in all aspects of affordable housing development and related areas of real estate and community development. CEI was established in 1976 to address a lack of technical expertise in the emerging field of nonprofit affordable housing development. As federal housing funds have decreased, the nonprofit sector has become the primary producer of affordable housing. Through direct technical assistance to nonprofit developers, and through involvement with local, state, and national housing policy issues, CEI has been at the forefront of the affordable housing movement, developing creative solutions and resources to meet the housing needs of low income people. I CEI staff work with clients from the earliest conceptual stages of development - helping to assemble a development team and secure funding - through the successful completion ? of construction and commencement of operations. Through this project-specific technical ~-:~ assistance and through long-term relationshiPs with clients, CEI strives to enhance the _.j capacity of nonprofit housing developers. CEI's primary exPertise is in the financing of affordable houSing, having w°rked with a broad assortment of federal, state and local funding programs as well as conventional bank lenders. Since 1987, CEI has developed a particular expertise in the use of the federal and state low income housing tax credit programs, and has facilitated the development of thousands of affordable housing units using those programs. Typical clients inClude nonprofit hOusing ~develoPment organizationsI as W~il as S°cia1 service agencies providing housing for their special needs clients. CEI has also worked with tenant organizations and groups forming limited equity cooperatives. Public  agencies frequently hire CEI to assist them in evaluating housing proposals from private } developers or in devising housing priorities and programs. CEI staff consistentlY take on active leadership roles in housing policy organizations. r Joel Rubenzahl is currently a board member of Housing California. Elissa Dennis has fi: served as President of East Bay Housing Organizations. 538 9th Street, Suite 200, ©ctklcmd, CA94607 .(510) 832-8300 FAX(510) 832-2227 Community Economics, Inc. Page 2 HOUSING DEVELOPMENT CEI's housing deVelopment Work has Spanned a wide of projects from urban range reSidential hotels lbr homeless individuals to rural housing for farmworker fhmilies. CEI assists clients with new construction and rehabilitation developments for families, seniOrs, and special needs populations. CEI has worked With residents of mobile home parks and with artists to convert their homes to cooperative ownership. CEI assistance covers all aspects of housing development, including: ·site evaluation · site acquisition strategies and negotiation · selection of development team members · formation of new nonprofit corporations and limited equity cooperatives · financial feasibility analysis · applications to subsidy and financing sources - local, state, federal, banks · negotiations with funders · Structuring of overall financing for project · coordination of development process through until occupanCy TAX CREDIT FINANCING CEI has particular expertise in assisting nonprofit developers to raise equity capital through the syndication of tax credits. CEI works with clients and investors to maximize the amount of equity raised while maintaining control over the development by the sponsor and ensuring long-term affordability for the residents. Syndication services include: · initial feasibilitY analysis, including projection of equity that could be raised through different syndication models · identification of potential investors ·eValUatiOn °finvest°r prOp°sals · negotiation with investors · structuring the syndication to maXimize long term goals of the sponsor · preparation of financial projections used by the investor · assistance with formation and operation of syndication partnership TAX-EXEMPT BOND FINANCING CEI can assist nonprofit developers in utilizing tax-exempt bonds as a method of financing their projects. In particular, CEI works with sponsors to find the best type of bond structure and credit enhancement for each project. CErs services for tax-exempt bond financing include: · initial feaSibility analysis, including issuance costs and fees Community Economics, Inc. Page 3 · evaluation of alternative forms of credit enhancement · determination of the most appropriate bond structure (fixed rate or low- floater; private placement or public sale;, etc.) o assistance in obtaining credit enhancement · structuring the bonds to work with tax credit and other sources of financing LOCAL GOVERNMENT ASSISTANCE CEI advises public agencies on real estate and development matters. Agency clients may be pursuing housing development themselves or evaluating proposals by other developers. CEI services for public agencies include: ·site evaluation · site acqUisition strategies and negotiation · financial feasibility analysis, including potential for tax credit syndication development, syndication, ownership of project structuring of financing, · evalUation of develoPer proposals, to ensure maximum public benefit · negotiation with developers to ensure maximum public benefit CEI STAFF JOEL R UBENZAHL Mr. Rubenzahl is an expert in the development, financing, and syndication of affordable housing. He has extensive experience providing technical assistance to nonprofit organizations, public agencies, and limited equity cooperatives. He has also been instrumental in the development of local, state, and federal programs which create and maintain affordable housing. Mr. RUbenzahl has particular expertise in utilizing the federal and state Iow inCOme housing tax credit programs. He plaYed an active role in the creation of California's program. He has assisted nonprofit sponsors throughout California and in several other states in the development of dozens of affordable housing complexes using the tax credit programs. An,active participant in many housing advocacy organizations, Mr. Rubenzahl is on the board of Housing California and the Nonprofit Housing Association of Northern California. He has previously been on the boards of the National Low Income Housing COalition, California Cooperative Federation, and the steering committee of the National Mutual. Housing Network. He is past president of Savo Island Cooperative Homes and the Bay Area Mutual Management Association. Mr. Rubenzahl is a frequent presenter at Conferences and workshops nationwide, and has taught courses on the economics of housing development. He has testified as an expert witness at California and U.S. Congressional hearings on affordable housing programs. Community ECoi~°mics, Inc. Page 4 Mr. RubenZahl joined CEI in 1976 after completin~ a Master's Degree in City and Regional Planning at the University or' California at Berkeley. KEVIN KNUDTSON Since joining CEI in 1987, Mr. Knudtson has assisted in the development of dozens of new construction and rehabilitation housing projects. He has developed a particular expertise in special needs housing for homeless and disabled households, working extensively on urban residential hotel developments, as well as emergency and transitiOnal shelters. Mr. Knudtson participated in the Nonprofit Housing Association of Northern CalifOrnia's Homeless Working Group and co-authored with the Group an analysis of federal McKinney Act programs for the homeless. At CEI, Mr. Knudtson assists clients with all types of tax credit projects and with HUD- funded projects for the elderly and disabled. He has also worked with limited-equity cooperatives, and has contributed to analyses of low income housing policy choices for local governments and foundations. . Mr. Knudtson earned a Master's Degree in Urban and Regional Planning from the University of Oregon. Prior to joining CEI, he worked for nonprofit agencies in California and Oregon doing housing development and low income housing policy analysis. ELISSA DENNIS Ms. Dennis has aSsiSted Clients in a range of affordable housing developments since joining CEI in 1990. She has worked extensively with urban and rm:al clients on a wide array of new construction and rehabilitation projects. She has worked with nonprofit housing developers, service prOviders, and public agencies on projects using the tax credit programs and the HUD programs for the elderly and disabled. Ms. Dennis has been active in local housing policy issues. She served on the board of East Bay Housing Organizations for six years including four years as president from 1994 throUgh 1998. She is currently on the board of Peoples Community Partnership Federal Credit Union. After receiving her Master's Degree in Urban Planning from the University of Califomia at Los Angeles, Ms. Dennis worked for nonprofit housing organizations in the Bay Area and Los Angeles before joining CEI. She previously worked as a community organizer and a newspaper reporter. Community Economics, Inc. Page 5 ALICE TALCOTT Prior to joining CEI in 1999, Ms. Talc0tt worked for the San Francisco Mayor's Office of HOusing for six years, where she provided funding and technical assistance in the development of numerous affordable housing projects. She has worked on a wide variety of new construction and rehabilitation projects, including many supportive housing developments for special needs and homeless populations. Ms. Talcott's experience makes her particularly adept at dealing with the issues public agencies face in the development of affordable housing. As a member of the Nonprofit Housing Association of Northern California's Tax Credit Working Group, Ms. Talcott has been actively involved in recommending and lobbying for changes to the tax credit allocation process. Ms. Talcott holds a Master's Degree in City and Regional Planning from the University of Califomia at Berkeley. August 15, 2001 'O.l.tttnitv Ecottomics. l:tc. -Special Needs Housing Developments o pleted H IV/AIDS Proiects No. of' ponsor(s) Proiect Name Units Type of Housine, Location Shanti Project Americana Suites 60 supportive housing ~'or people with AIDS San Francisco, CA Catholic Charities Peter Claver Community 32 rehabilitated group home San Francisco. CA Dolores Street Community Services E Richard Cohen Residence I0 supportive housing for people with AIDS San Francisco, CA Housing for Independent People  Casa de los Amigos 20 supportive housing for people with AIDS San Jose, CA ~ompleted Supportive Housing Pro[ects F,20 O'Farrell. Inc. Jordan Hotel 54 supportive housing for formely homeless San Francisco, CA r munitv Housing Partnership Iroquois Residence 74 supportive housing for formely homeless San Francisco, CA Senator Hotel 87 supportive housing for formely homeless San Francisco, CA r San Cristina 58 supportive housing for formely homeless San Francisco, CA Conard House F Lyric Hotel 58 dually diagnosed formely homeless San Francisco, CA Eden Housing, Inc. Pacific Grove Supportive Hsg. 20 supportive housing for disabled Fremont CA ul~piscopal Communtiy Services 8th & Natoma 48 supportive housing for formely homeless large familes Fremont, CA ~,Glide Community Housing, Inc. Cecil Williams Glide Comm. 52 supportive housing for formely homeless San Francisco, CA cC;P/TODCO, Inc. [ Hotel Grand Southern 72 supportive housing for formely homeless San Francisco, CA Delta Hotel 152 supportive housing for the elderly San Francisco, CA [tousing for Independent People Aztec Hotel 61 supportive housing for disabled Oakland, CA  Homebase 24 supportive housing for disabled San Jose. CA ¢- 2112/2002 Page 1 - Jessie Street Inn 22 supportive housing i'br disabled Santa Cruz, CA Milagro 24 developmentally disabled San Jose, CA Riverhouse Hotel 75 senior disabled Martinez, CA ~'lercy Charities Housing California Rose Hotel 75 supportive housing tbr formely homeless San Francisco, CA ~lid-Peninsula, Housing Coalition Horizons 24 developmentally disabled Belmont, CA Page Mill Court 24 developmentally disabled Palo Alto, CA Colma Ridge 24 developmentally disabled Colma, CA ~?rogress Foundation Eddy Street Apartments 21 supportive housing for disabled San Francisco, CA Grove Street Apartments 8 supportive housing for disabled San Francisco, CA ~teality House West Cadillac Hotel 156 supportive housing for formely homeless San Francisco, CA ;anta Cruz Community Counseling Cnt. Casa Linda 21 developmentally disabled Santa Cruz, CA ;helter Inc. Pittsburg Transitional Hsg. 8 transitional housing Pittsburg, CA .rds to Plowshares Transitional Housing 16 homeless veterans San Francisco, CA ;NDC Ambassador Hotel 134 supportive housing for formely homeless San Francisco, CA Housing UA Homes 75 supportive housing for formely homeless Berkeley, CA 2/12/2002 Page 2 CommttnitF' Economics, Inc. - Selected Projects ;ponsor( No. of · sD Proiect Name Units. Type of Housing Location Affordable tlousing Associates Bancroft Senior Homes 61 elderly Oakland, CA American Baptist Homes of the [Vest Fern Lodge 62 elderly Redlands, CA Pacific Overview 200 elderly Carmel Valley, CA San Leandro San Leandro, CA Tahoe Senior Plaza 45 elderly S. Lake Tahoe, CA Bay' Area Community Services East Bay Transitional Homes 12 units in 2 group homes Oakland, CA Bonita House Bonita, Inc. 12 units in 2 homes CA group Berkeley, Bridge Housing Corporation Bayview Senior Hsg 54 elderly San Francisco, CA EmeryVilla 50 elderly Emeryville, CA Redwood Shores Senior Housing 120 elderly Vallejo, CA Calvary Lutheran Church Wittenberg Manor II 65 elderly San Lorenzo, CA Catholic Charities of Southern Nevada 48 elderly Las Vegas, NV CHISPA E! Estero 26 elderly Monterey, CA Las Casas de Madera 7~ family Salinas, CA Christian Church Homes of No. Calif Bancroft Senior Homes 61 elderly Oakland, CA Brentwood Senior Apartments 40 elderly Brentwood, CA Westlake Christian Terrace 199 elderly Oakland, CA Seascape Senior Homes 80 elderly Aptos, CA Tree House Senior ,Apartments 62 elderly Redding, CA Community Housing Development Corp. Cupertino Comm. Hsg. for Handicapped 27 handicapped Cupertino, CA North Richmond Senior Housing 52 senior North Richmond Comtnuttity Housbtg Improvement Program Hazel Hotel 13 elderly Gridley, CA Turning Point COmmons Phase Il 33 Ihmily Chico, CA Turning Point Commons 66 cooperative family Chico, CA 2/12/2002 Page I CommnnitF Economicst htc. - Selected Projects 'ponsor( No. of & Project Name Units T.vpe of Housing Location Community ffousing Opportunities Corp. Alameda House 8 units in group home Redwood City, CA Community Housing Partnership Iroquois Residence 74 supportive housing San Francisco, CA San Cristina Hotel 58 supportive housing San Francisco, CA Senator Hotel 87 supportive housing San Francisco, CA Dolores Street Community Services Richard M. Cohen Residence 10 unit group home San Francisco, CA East Bay Issei Housing, Inc. Eden Issei Terrace 100 elderly Hayward, CA East Bay Asian Local Development S~vans Market historic rehabilitation Oakland, CA 'den Housing, Inc. Casa de los Amigos 24 units for the disabled San Jose, CA Eden Issei Terrace I00 elderly Hayward, CA Pacific Grove 20 disabled Fremont, CA North Richmond Senior Housing 52 elderly N. Richmond, CA Rosewood Terrace 45 elderly Union City, CA E1 Rio Tenants Association El Rio Mobile Home Park 92 mobile home spaces Santa Cruz, CA Erneryville Artists CooperattYe, Inc. Emeryville Artists Cooperative 30 artists live/work spaces Emeryville, CA Housing for Independent People, Inc. Aztec Hotel 61 SRO Oakland, CA Homebase 24 units for the disabled San Jose, CA Jessie Street Inn 22 SRO Santa Cruz, CA Jordan Hotel 54 SRO San Francisco, CA Milagro 15 units for disabled San Jose, CA Resetar Hotel 1 O0 SRO Watsonvil[e, CA Riverhouse Hotel 75 senior disabled Martinez, CA Vivente I 29 handicapped San Jose, CA Vivente 2 29 handicapped San Jose, CA Interfaith Foundation 2/12/2002 Page 2 Commnnit¥ Economics, ln~; - Selected Projects ;ponsor( No. of ~ Project Name Units Type of Housing Location Shelter Hill Apartments 75 family Mill Valley, CA Interfaith Housing Arbor Vista 80 elderly Livermore, CA Latheran Homes for the Aged Newburg Retirement Center 40 elderly Fortuna, CA 3lid-Penhtsala Housing Coalition Colma Ridge ~ 20 units for mentally ill Colma, CA Horizons 24 units for disabled Belmont, CA Oroysom Sr. Hsg. 41 -' senior Fremont, CA Page Mill Court 24 disabled Palo Alto, CA Sharman Palms 36 family Campbell, CA The Gateway 130 family Menlo Park, CA Neighborhood Economic Development Corp. East Blair Cooperative 22 cooperative family Eugene, Oregon )akland Community Housing, Inc. Gonaway Commons 40 family Oakland, CA PARCA Alameda House 8 units in group home Redwood City, CA Parker Street Tenants Association Parker Street Cooperative 24 family Berkeley, CA Progress Foundation Eddy Street Apartinents .21 units for the disabled San Francisco, CA Grove Street 8 units in group home San Francisco, CA Reality HoUse West Cadillac Hotel 156 rehabilitated SRO San Francisco, CA Redwood City Housing Association Heron Court Cooperative 104 cooperative family Redwood City, CA Rubicon Programs Rubicon Homes 10 thmily Richmond, CA ?aral California Housing Coalition Brentwood Senior Apartments 40 elderly Brentwood, CA Park Village Apartments 208 family Stockton, CA 2/12/2002 Page 3 Communitg Economics~ Inc. - Selected Projects No. of '~_ponsor( ~ Project Name Units Type of Housing Location San 'Francisco Housbtg Developtnent Corp. Bayview Senior Housing 54 elderly San Francisco, CA Santa Clara Co. Housing Authority So. Bascom Sr./El Parador 125 elderly San Jose, CA Santa Cruz Communi~ Counseling Center Casa Linda 21 units for the disabled Santa Cruz, CA Satellite Senior Homes Newark Gardens II 50 elderly Newark, CA Savo Island Project Area Committee Savo Island Cooperative Homes 57 cooperative family Berkeley, CA Shasta Housing Development Corporation Tree House Senior Apartments 62 elderly Redding, CA rhelter, Inc. Pittsburg Family Living Center 8 transitional housing Pittsburg, CA South County Housing, Inc. Sycamore Glen 20 elderly Morgan Hill, CA Villa Esperanza 21 disabled Gilroy, CA Swords to PloWshares Veterans Academy 100 special needs San Francisco, CA Tradewinds Tenants As~ociiztion Tradewinds Mobile Home Park 114 mobile home spaces 'Capitola, CA Transitional Living & Comm. Support 66th Avenue Apartments 24 disabled Sacramento, CA UA Housing, Inc. UA Homes 75 SRO Berkeley, CA Villa Santa Cru~ Cooperative, Inc. Villa Santa Cruz 12l mobile home spaces Santa Cruz. CA Youth, Education attd Health in Soulard Soulard lnfill Housing II 8 Pamily St. Louis, Missouri Page 4 2/12/2002 CommunitF Economics~ Inc: , Completed Tax Credit S~'ndications ~No. of Sponsor(s) Project Name Units T,vpeofHousing Location Affordable Housing Associates Shattuck Senior Homes 27 elderly Berkeley. CA Adeline Lofts 39 Family Oakland. CA Archdiocese tIousing AuthoriO, Continental 50 family Bellingham, WA Dorothy Day 82 SRO Seattle. WA Elks Lodge 53 SRO Bremerton,WA Emmons 22 family La Venture 10 family Mt. Vernon, WA Mt Baker Apartments 85 family Bellingham, WA Oakland/Bellingham Housing Authorit 19 family Bellingham, WA Renton Family Housing 24 family RentOn, WA St. Martin's on Westlake 53 SRO Seattle, WA The Grocery 36 SRO Bellingham, WA The Josephinum 222 family Seattle, WA Township 15 family Seattle, WA Aribba Juntos Mission Capp 48 family San Francisco, CA Asoc. Carnpesina "Lazaro Cardenas" Delta Plaza 30 SRO Stockton, CA Mountain View Townhomes 37 family Tracy, CA Santa Fe Townhomes 31 family Stockton, CA Westgate Townhomes 40 family Stockton, CA BRIDGE Housing Corporation Alameden Lake Apartments 144 family San Jose, CA Centertown 60 family San Rafael, CA -. Coggins Square 87 family Pleasant Hill, CA Chelsea Gardens 120 family Santa Rosa, CA Chestnut/Linden Court t 51 family Oakland, CA Church Street Apts 93 family San Francisco, CA Danville Senior Housing 74 elderly Danville, CA Doretha Mitchell 32 family Marin City, CA East Palo Alto Apartments 129 family East Palo Alto, CA Fell and Gough Family Housing 82 family San Francisco, CA Foster City Apartments 60 elderly Foster City, CA Grayson Creek 70 family Walnut Creek, CA Hercules Senior Housing 60 elderly Hercules, CA Hunt Avenue Apartments 56 family St. Helena, CA Magnolia Plaza 124 elderly Daly City, CA Marina Annex 57 elderly Vallejo, CA Page I Revised 2/12/2002 Comtnunitv Economics~ h:c. - Completed Tar Credit Syndications .No. of Sponsor(s) Proiect Name Units Type of Housing Location Milpitas Family Housing 306 thmily Milpitas, CA Silvemdo 102 lhmily Napa, CA Northpoint Phase I 70 thmily Santa Rosa, CA Northpoint Phase 1I 40 family Santa Rosa, CA Northside Senior 96 elderly San Jose, CA Ohlone Court 135 fhmily San Jose, CA Pacific Oaks 103 elderly Pacifica, CA Pinole Senior Housing 70 elderly Pinole, CA Ponsettia Gardens 92 family San Diego, CA Richmond Affordable Housing 63 family Richmond, CA Rotary Valley Senior Housing 80 elderly Lucas Valley, CA San Marcos 168 family San Marcos, CA San Paulo 384 family Ip/ine, CA Santa Alicia 84 family Irvine, CA Steamboat Point 108 family San Francisco, CA Strobridge 96 family/elderly Castro Valley, CA Susan B. Wilson Residence 63 transitional San Jose, CA The Carquinez 35 elderly Richmond, CA Torrey Del Mar 112 family San Diego, CA Villa Loma 344 family Carlsbad, CA Burbank Housing Canyon Run 51 family Healdsberg, CA Papago Court 48 family Santa Rosa, CA Paulin Creek 48 family Santa Rosa, CA Catholic Charities Housing Development Corporation Pensione Esperanza 110 elderly San Jose, CA Chinese Community Housing Corporation Larkin/Pine Senior Housing 63 elderly San Francisco, CA Citizens Housing Corporation/TNDC East Bluff 144 family Pinole, CA Sereno Villaga 125 family Vallejo, CA 8th & Howard Family Housing 74 family San Francisco, CA SDMA Studios 88 studio San Francisco, CA Coachella Valley Housing Coalition Cathedral City Aids 39 special needs Cathedral City, CA Coyote Run 140 family Palm Springs, CA Fuente de Paz 37 family Coachella, CA Las Casas III 52 family Coachella, CA La Hacienda 36 SRO Indio, CA Las Palmeras 98 family Coachella, CA Mecca Family Housing 3I family Mecca, CA Page 2 Revised 2/12/2002 CommunitF Economics, Inc. - Completed Tax Credit S.¥ndications No. of Sponsor(s) Proiect Name Units Type of Housing Location Miles Avenue Apartments 33 special needs Indio, CA Nueva Vista 32 family Mecca. CA Pasco de las Poetas 21 family Mecca, CA Tlaquepaque 76 family Coachella, CA Community Housing Improvement Program Campbell Commons 56 SRO Chico, CA East of Eaton 76 family Chico, CA Hazel Hotel 13 Elderly Gridley, CA Community Housing Opportunities Corporation Auberry Park 1 I0 family Sacramento, CA Danbury Park I40 family Sacramento, CA Foxcreek 36 family Davis, CA Heather Glen 72 family Davis, CA Holly Courts 40 family W. Sacramento, CA Tuscany Village 36 family Davis, CA Willow Creek 36 family Davis, CA Windmere 48 family Davis, CA Windmere II 58 family Davis, CA Woodland Hotel 76 SRO Woodland, CA Conard House, Inc. Lyric Hotel 58 transitional San Francisco, CA Downtown Senior Center New Palace Hotel 80 SRO San Diego, CA East Bay Asian Local Development Corporation Avalon 67 elderly Emeryville, CA Hisman Hin-Hu Terrace 92 family Oakland, CA Madrone Hotel 32 SRO Oakland, CA MarcUs Garvey 22 family Oakland, CA Oakland Point 31 family Oakland, CA San Pablo Hotel 144 elderly/SRO Oakland, CA Swans Market 18 family Oakland, CA The Mar 119 family Oakland, CA East Oakland CDC International Blvd. Fam. Hsg. 30 family Oakland, CA International Blvd. Fam. Hsg. Phase II 24 family Oakland, CA z'cumenical Association for Housing Centertown 60 family San Rafael, CA Creekside Village 28 family Larkspur, CA Page 3 Revised 2/12/2002 Communit~ Economics~ lnc: - Completed Tar Credit Svndications · No. of Sponsor(s) Project Name Units 'Type of Honsing Location San Pablo Senior Housing 54 elderlY San Pablo, CA Eden Housing, Inc. BayWood Apartments 82 family Hayward, CA Catalonia Tmvnhomes 50 family San Jose, CA Corona Ranch 74 family Petaluma. CA Cypress Glen 40 family Hayward, CA Eden Palms 145 family San Jose, CA Glen Berry 50 flmily Hayward, CA Glen Eden 36 family Hayward, CA Harris Court 20 family Hayward, CA Huntwood Commons 44 family Hayward, CA Ohlone Court 194 family San Jose, CA Owls Landing 72 family Livermore, CA Ridge View cOmmons 200 elderly Pleasant°n, CA San Pablo Hotel 144 elderly/SRO Oakland, CA Stone Pine Meadows 72 family Tracy, CA Stoney Creek 70 family Livermore, CA Virginia Lane 91 family Concord, CA Washington Creek 32 family Petaluma, CA EPA Can Do Gloria Way (IV) 40 family East Palo Alto, CA East Palo Alto Apts (JV) 129 family East Palo Alto, CA Episicopal Communtiy Services 8th & Natoma Family Housing 48 special needs San Francisco, CA First Community Housing Corporation Creekview Apartments 25 SRO San Jose, CA Guadalupe Apartments 20 family San Jose, CA LOs Esteros 246 family San Jose, CA Orchard Gardens 62 familY Santa Clara, CA Glide Community Housing, Inc. The Cecil Williams Glide Community 52 ~amily/special need: San Francisco, CA GP/TODCO, Inc. HOtel Grand Southern 72 SRO San Francisco, CA Delta Hotel/BaYanihan House 152 SRO San Francisco, CA t-lAND Mayacamas Village 51 family Napa, CA HIP Page 4 Revised 2/I 2/2002 Contmunit~' Econotnics~ Inc. - Completed Tax Credit S~,ndications No. of Sponsor(s) Project Name Units Type, of Housing Location Redwood Oaks 36 family Redwood City, CA Housing Authority of Contra Costa County Casa del Rio Senior Housing 82 elderly Antioch, CA Housing Authority of County of Santa Clara Agnews Family Housing 100 family Santa Clam, CA Avenida Espana 84 elderly San Jose, CA Blossom River 144 elderly San Jose, CA Bracher Senior Housing 72 elderly Santa Clara, CA . De Rose Senior Housing 76 elderly San Jose, CA El Parador 125 elderly San Jose, CA Heizer Gardens 155 family San Jose, CA Huff Gardens 72 family San Jose, CA John Bums Gardens 100 elderly Santa Clara, CA Klamath Gardens 17 family Santa Clara, CA Morrone Gardens 102 elderly San Jose, CA Pinmore Family Housing 51 family San Jose, CA Poco Way 129 family San Jose, CA San Pedro Gardens 20 family Morgan Hill, CA Villa Hermosa 100 family San Jose, CA Willows 47 family San Jose, CA Housing for Independent People, Inc. Dent Avenue Commons 23 family San Jose, CA Riverhouse Hotel 75 SRO Martinez, CA Jubilee [tZest Marcus Garvey 22 family Oakland, CA Kaweah Management Company Cypress Cove 52 elderly Tulare, CA Fairview Village 8 family Visalia, CA Kimball Court 95 Senior Visalia, CA Sultana Family Housing 36 family Sultana, CA Visalia Garden Villas 60 elderly Visalia, CA Westport Village 25 elderly Visalia, CA Willowbrook 10 family Visalia, CA LA Family Housing Bartlett Hill 65 family Los Angeles, CA Los Angeles Community Development Commission El Segundo ToWnhomes 25 family Los Angeles, CA Page 5 Revised 2/12/2002 Contmunit¥ Economics~ Inc. o Completed Tax Credit Syndications . No. of Sponsor(s) Proiect Name Units Type of Housing Location Mercy Charities Housing California 16th and Church Affordable Hsg. 18 family San Francisco, CA 28th Street Apartments 16 t~mily Los Angeles, CA 111 Jones Street 108 family San Francisco, CA 205 Jones Street 50 studio San Francisco, CA 1028 Hoxvard Street 30 family San Francisco. CA 1035 Folsom Street 50 family San Francisco, CA l I01 Howard Street 34 thmily San Francisco, CA Britton Courts 92 Family San Francisco, CA Fort Collins 63 family Fort Collins, CO Heritage Homes 148 family San Francisco, CA Hobson Way Family Housing 64 family Oxnard, CA Linbrook 81 elderly Anaheim Lincoln Way II 50 family Bellingham, WA MadiSOn 56 family Bakersfield, CA Peter Claver Community 32 SRO San Francisco, CA Plaza Maria 53 family San Jose, CA Quinn Cottages 60 SRO Sacramento, CA Rose Hotel 75 SRO San Francisco, CA School and Bruno 47 family Daly City, CA Sterling 51 family Sycamore Street Cooperative 60 family Santa Cruz, CA Tolton Apartments 10 family Los Angeles, CA Vista Grande 24 family Daly City, CA Mid-Peninsula Housing Coalition Baker Park 98 family San Jose, CA Carroll Street Inn 120 SRO Sunnyvale, CA Central Park 149 elderly Mt View, CA Century Village 100 family Fremont, CA Civic Center ' ' · ' 81 family Redwood City, CA Ginzton Terrace 107 elderly San Mateo, CA Greenridge 34 family S. San Francisco, CA Holy Family 79 family San Jose, CA Homestead Park 222 family Sunnyvale, CA Italian Gardens 148 family San Jose, CA Latham Park 74 family Mountain View, CA Loreola Oaks 16 family San Carlos, CA Main Street 36 family Half Moon Bay, CA Main Street Phase II 28 family Half Moon Bay, CA Moonridge Farmworker Hsg. 80 family Half Moon Bay, CA Moonridge Phase II 80 family Half Moon Bay, CA Mountain View Apartments 120 family Mt. View, CA Murphy's Camp 18 family Watsonville, CA Open Doors 64 family Los Gatos, CA Page 6 Revised 2/12/2002 Contmnnity Economics, Inc. - Completed Tar Credit S}'ttdications No. of Sponsor(s) Proiect Name Units Type of Housing Location Oroysom Family 60 fmnily Fremont, CA Palo Alto Gardens 156 family Palo Alto, CA Picketing Place 43 family Fremont, CA Rotary Haciendas 84 elderly San Mateo, CA Runnymede 78 elderly East Palo Alto, CA San Andreas Apts. 43 family Watsonville, CA San Pedro Commons 74 senior San Mateo, CA Sharmon Palms II 24 t~amily Campbell, CA Shoreline 120 elderly and family Mountain View, CA St. Matthews 56 SRO Menlo Park, cA Sunset Creek 76 family Fairfield, CA The Farm 39 family Soquel, CA The Fountains 124 elderly San Mateo, CA The Woodlands 23 family East Palo Alto, CA Tice Oaks 9l elderly Walnut Creek, CA Willoxv Court 6 family Menlo Park, CA Mission Housing Development Corp. I010 South Van Ness 30 family San Francisco, CA Altamont HOtel 89 SRO San Francisco, CA Apollo Hotel 81 SRO San Francisco, CA Del Carlo Court 25 family San Francisco, CA Good Samaritan 20 family San Francisco, CA Maria Alicia Apartments 20 family San Francisco, CA Plaza del Sol 59 family San Francisco, CA Mutual Housing Association of Southwest Conn. Maplewood 32 family Bridgeport, CT Trinity park 48 family Stamford, CT Yale Street Apartments 44 family Bridgeport, CT Oakland Community Housing, Inc. Drasnin Manor 26 family Oakland, CA Kenneth Henry Court 51 family Oakland, CA Pajaro Valley Housing Corp. 28 family Watsonville, CA San Antonio Terrace 23 family Oakland, CA Slim Jenkins Court 32 family Oakland, CA Palo Alto Housing Corp. Alma Place 107 SRO Palo Alto, CA Peoples' Self-Help Housing Corporation Belridge Apartments 12 family San Luis Obispo, CA Oak Forest 20 family Arroyo Grand, CA Oceanside Gardens 21 family Oceanside, CA · Page 7 Revised 2/12/2002 Comntuuity Economics, Inc. - Completed Tax Credit S},ndications No. of Sponsor(s) Project Name Units Type of Housing Location Cawelti Court 21 elderly Moro Bay, CA Juniper Apartments 14 family Moro Bay, CA Mariposa Apartments 80 family Oceano Apartments 16 farmerworker Oceano. CA Sequoia Street Apartments 12 family San Luis Obispo, CA Schoolhouse Lane 24 family Cambria. CA Templeton Place 29 senior San Luis Obispo, CA Resources For Community Development International Blvd. Fam. Hsg. 30 family Oakland, CA International Blvd. Fam. Hsg. Phase II 24 family Oakland, CA Rohlffs Memorial lkIanor Rohlffs Manor II 213 elderly Napa, CA Rural California Housing Corporation Delta Plaza 30 SRO Stockton, CA Florin Woods 70 family Sacramento, CA Kennedy Estates 100 family Sacramento, CA Land Park Woods 75 rehabilitated Sacramento, CA Mayacamas Village 51 family Napa, CA Mountain View Townhomes 37 family Tracy, CA Odd Fellows Sr. Housing 14 senior Live Oak, CA Riverview Homes 39 family Truckee, CA Santa Fe Townhomes 31 family Stockton, CA Tahoe Valley Apts. 70 family S. Lake Tahoe, CA Village Park 50 family Sacramento, CA Westgate Townhomes 40 family Stockton, CA Wheatland Meadows 88 rehabilitated Wheatland, CA Sacramento Cottage Hsg , Inc. Quinn Cottages 60 SRO Sacramento, CA Sacramento Housing and Redevelopment Agency Riverview Plaza 123 elderly Sacramento, CA Sacramento ~/lutual Housing Association Greenway Village 54 family Sacramento, CA Norwood Annex 15 family Sacramento, CA Sky Parkway 80 family Sacramento, CA San Diego County SER/Jobs for Progress 11 th Avenue Townhomes 16 family San Diego, CA San Diego Interfaith Housbtg Foundation Page 8 Revised 2/12/20{)2 Contntnnit}, Economics~ Inc. - Completed Tar Credit Syndications No. of Sponsor(s) project Name Units Type of Housing Location Redwood Villas 92 elderly San Diego, CA Santa Clara Housing Authority Thunderbird Santa Clara, CA Santa Cruz Community Hoasing Corporation El Centro 44 elderly SRO Santa Cruz, CA La Playa Marketplace 8 SRO Santa Cruz, CA Neary Lagoon 114 family Santa Cruz, CA Self-Help Enterprises Almond Court 36 family Wasco, CA Caliente Creek 40 family Arvin, CA Casitas del Sol 36 family Livingston, CA Cottonwood Creek 40 family Parksdale, CA Gateway Village 48 family Modesto, CA Goshen Apartments Parsdale Apartments Parksdale, CA Solinas Village 52 family McFarland, CA Villa De Guadalupe 60 family Culter, CA Villa Hermosa 40 family WasCo, CA South Berkeley Neighborhood Development Corp. Lorin Station 14 family Berkeley, CA South County Housing Monterra Village 34 family Gilroy, CA Rancho Park 54 family Hollister, CA Rustic Gardens 20 family Hollister, CA The RedWoods 24 family Gilroy, CA The Willows 20 family Morgan Hill, CA Villa Ciolino 42 family Morgan Hill, CA Vista Verde 76 family Freedom, CA Wheeler Manor 110 elderly Gilroy, CA Southern California Presbyterian Homes Palmer House 21 elderly Glendale, CA Tenderloin Neighborhood Development Corp. Plaza and Ramona Apartments 61 studio San Francisco, CA AmbasSador Hotel 134 SRO San Francisco, CA The John Stewart Co. Land Park Woods 75 hmily Sacramento, CA Page 9 Revised 2/12/2002 Community Economicst Inc. - Completed Tax Credit Slmdications ~ No. of Sponsor(s) Proiect Name Units. Type of Housing Location Thousand Oaks Redevelopment Agency Schillo Gardens 29 family ThOusand Oaks, CA Upland Community Housing, Inc. D. Estes Senior Housing I30 elderly Upland, CA Coy }Vest Sacramento Housing Dev. Corp. West Capitol Courtyard 75 family W. Sacramento, CA Youth Education Health in Soulard Waverly Place 31 family St. Louis, MO Total Units 20053 Total Projects Page 1o Revised 2/l 2/2002