city council ena w/ bridge housing corp. for heritage square senior housing project
DESCRIPTION
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: - PowerPoint PPT PresentationTRANSCRIPT
Housing Department
CITY COUNCIL
ENA w/ BRIDGE Housing Corp. forHeritage Square Senior Housing Project
William Huang, Housing DirectorSeptember 12, 2011
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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; and2) 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
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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
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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
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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
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Heritage Square ENA-BRIDGE Housing
Technical Scoring of Proposals
• Consultants: Ken Kurose (design) and LeSar Development (development & financing)
• Scoring categoriesfinancing leveraging experiencefinancial feasibility and City subsidy requestproject designdevelopment team experiencesupportive services planlocal benefit
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Heritage Square ENA-BRIDGE Housing
Technical Scoring of Proposals
Bridge Hsg
Nat’l CORE
Mercy Hsg
Tech Review Score
969 815 Did not pass
threshold
Appeal Adjustment
+5 0 (did not appeal)
N/A
Final Score
974 815 N/A
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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
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Heritage Square ENA-BRIDGE Housing
Armstrong Senior Apartments – San Francisco
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Heritage Square ENA-BRIDGE Housing
Armstrong Senior Apartments – San Francisco
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Heritage Square ENA-BRIDGE Housing
Armstrong Senior Apartments & Townhomes
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Heritage Square ENA-BRIDGE Housing
Armstrong Senior Apartments - Solar Panels
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Heritage Square ENA-BRIDGE Housing
Armstrong Senior Apartments – Main Courtyard
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Armstrong Senior Apartments – Entry Lobby
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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)
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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)
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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
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Future Commercial Development
Future Commercial Development
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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)
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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)