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CITY COUNCIL ENA w/ BRIDGE Housing Corp. for Heritage Square Senior Housing Project

CITY COUNCIL ENA w/ BRIDGE Housing Corp. for Heritage Square Senior Housing Project. William Huang, Housing Director September 12, 2011. Heritage Square ENA-BRIDGE Housing. Staff Recommendation (w/ unanimous agreement from CDC and EDTech ) : Recommend that City Council:

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CITY COUNCIL ENA w/ BRIDGE Housing Corp. for Heritage Square Senior Housing Project

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  1. CITY COUNCILENA w/ BRIDGE Housing Corp. forHeritage Square Senior Housing Project William Huang, Housing Director September 12, 2011

  2. Heritage Square ENA-BRIDGE Housing Staff Recommendation (w/ unanimous agreement from CDC and EDTech): Recommend that City Council: 1) find that the proposed action is exempt from CEQA; and 2) approve key terms and conditions of Exclusive Negotiation Agreement w/ BRIDGE Housing for development of Heritage Square senior affordable housing project at 750-790 N. Fair Oaks

  3. Heritage Square ENA-BRIDGE Housing Outcome is result of a two-year process involving Community Input • Heritage Square RFP Working Group (included reps from NWC and FOPAC) • Independent Review Panel (NWC & FOPAC reps & housing experts - Pasadena residents) • 4 community meetings from July 2009 to October 2010 • 5 public meetings (EDTech and City Council) from Oct. 2009 to Dec. 2010

  4. Heritage Square ENA-BRIDGE Housing Chronology of RFP Process • May 2009: Heritage Square RFP Working Group established • July 2009: First of four community meetings • Oct. 2010: Joint mtg of CDC, NWC & FOPAC • Dec. 2010: RFP presented to City Council • Feb. 2011: RFP issued, pre-bid meeting held • April 2011: Bridge Hsg, Mercy Hsg and National CORE submit proposals

  5. Heritage Square ENA-BRIDGE Housing Chronology of RFP Process • May 2011: Consultants commence RFP threshold requirements reviews • July 2011: Consultants perform technical review and scoring • July 2011: Developers notified of scores and appeal opportunity • Aug 2011: IRP hears developer appeals and makes developer recommendation

  6. Heritage Square ENA-BRIDGE Housing Technical Scoring of Proposals • Consultants: Ken Kurose (design) and LeSar Development (development & financing) • Scoring categories financing leveraging experience financial feasibility and City subsidy request project design development team experience supportive services plan local benefit

  7. Heritage Square ENA-BRIDGE Housing Technical Scoring of Proposals

  8. Heritage Square ENA-BRIDGE Housing BRIDGE Housing – Development Team • BRIDGE is a nonprofit affordable housing developer formed in 1982 in San Francisco • Long, successful track record developing 13,000+ housing units in 80 California communities, serving low-moderate income families and seniors • BRIDGE staff have deep capacity and decades of affordable housing experience

  9. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments – San Francisco

  10. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments – San Francisco

  11. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments & Townhomes

  12. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments - Solar Panels

  13. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments – Main Courtyard

  14. Heritage Square ENA-BRIDGE Housing Armstrong Senior Apartments – Entry Lobby

  15. Heritage Square ENA-BRIDGE Housing BRIDGE Housing – Development Team • Project Architect: Steinberg Architects – designed 3,642 housing units • General Contractor: Morley Builders – constructed 3,882 multifamily units • John Stewart Co. (Property Mgmt)

  16. Heritage Square ENA-BRIDGE Housing Local Pasadena Team Members • Saiful/Bouqet Structural Engineering • TMAD Engineers (Elec. & Mech. Engineers) • Wheeler & Gray (Civil Engineers) • EPT Design (Landscape Arch) • Huntington Hospital Senior Care Network (Service Coordination) • Masbuild (Const. Mgr)

  17. Heritage Square ENA-BRIDGE Housing BRIDGE Housing – Project Concept • 70-unit senior rental housing complex with community space and supportive services • $21.28 million total development cost • City subsidy requested: no payment on ground lease • Exceeds City “green” bldg standards by 36% • Community Benefit: Committed to 20% local hiring, subcontracting and purchasing

  18. Heritage Square ENA-BRIDGE Housing Future Commercial Development Future Commercial Development

  19. Heritage Square ENA-BRIDGE Housing

  20. Heritage Square ENA-BRIDGE Housing

  21. Heritage Square ENA-BRIDGE Housing ENA – Key Terms and Conditions ENA would provide a 90-day period to negotiate business points of a development agreement: • Site disposition (including ground lease terms) • Project concept and design • Scope of development • Financing plan • Payment In-Lieu Of Taxes (PILOT)

  22. Heritage Square ENA-BRIDGE Housing ENA – Key Terms and Conditions (cont’d) • Development budget and operating pro forma • Schedule of performance • Financing plan • Marketing & tenant selection plan (local preference) • Property management plan • Community Benefit Agreement (based on developer’s 20% Local Benefit Plan)

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