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Approval of an Affordable Housing CDBG Loan Agreement with Navajo Road Housing Associates, L.P., in an amount not to exceed $3,100,000 for the Navajo Family Apt

Awarded

State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The City of San Diego has entered into a loan agreement with Navajo Road Housing Associates, L.P. to provide gap financing for the property acquisition of the Navajo Family Apartments affordable housing project. Utilizing Community Development Block Grant funds, the loan amount is not to exceed 3,100,000 dollars. The project is located on a 1.03-acre site at 7005 Navajo Road in the San Carlos Neighborhood of the Navajo Community Planning Area. The development will feature a four-story building containing 44 affordable apartments, including 21 one-bedroom, 11 two-bedroom, and 12 three-bedroom units, along with one unrestricted two-bedroom manager unit. Additionally, the site will include 58 covered parking spaces and a two-story community building with a kitchen and multipurpose room. The project is subject to a fifty-five-year affordability restriction, with 44 units designated for households at or below 60% AMI, including 11 units specifically reserved for individuals with intellectual or developmental disabilities. Construction will adhere to strict sustainability standards, requiring a minimum GreenPoint rating and compliance with State energy-efficiency standards through the use of all-electric systems, Energy Star appliances, and drought-tolerant landscaping. The project is scheduled to apply for tax credits in March 2025, with the expenditure of funds for acquisition closing in the spring of 2025. The project is categorically exempt from CEQA as an in-fill development.

General Info

San Diego provides $3.1M CDBG loan for 44 affordable units at 7005 Navajo Road, 55-year affordability, green design, 11 units for IDD individuals.

Agency

California → City of San Diego

NAICS

236116 - New Multifamily Housing Construction (except For-Sale Builders)View NAICS

Place of Performance

San Diego, CA, 92119

Set-Aside

NONE

Documents

(1)

NOE Approval of CDBG Loan Agreement with Navajo Rd Housing Assoc

PDF•notice-of-exemption

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseAwarded

PostedOct 28

forecast

AwardedSep 22

Contract was awarded

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Organization & Contact Information

AgencyCalifornia → City of San Diego

Contacts2 people available

OfficeN/A

Organization / Agency

California → City of San Diego

Office AddressN/A

Contacts

Edgar Ramirez ManriquezAssociate Planner

contact@example.gov

+1 (555) 000-0000

Elena PascualSenior Planner

contact@example.gov

+1 (555) 000-0000

Full Description

The proposed Loan Agreement ("Agreement") between the City of San Diego and Navajo Road Housing Associates, L.P., a California limited partnership ("Developer"), provides gap financing for the property acquisition cost for the Navajo Family Apartments affordable housing project ("Project") in an amount not to exceed $3,100,000 ("City Loan"). The City's loan to the Project is utilizing Community Development Block Grant ("CDBG") funds for the property acquisition costs. The Project is scheduled to apply for. tax credits in March 2025, and to expend the CDBG funds for the acquisition closing in spring of 2025. The Project is located at 7005 Navajo Road, San Diego, CA 92119 in the San Carlos Neighborhood of the Navajo Community Planning Area. The Project is located within an approximately 1.03-acre site ("Site"), less than one-quarter mile from an existing transit stop, within a Highest Resource Area, and near retail, restaurants, grocery, pharmacy, hardware, schools, banking and park facilities (Attachment A). The Project will consist of new construction of one 4-story Type V construction building, containing 44 affordable small to large family ·apartments, including 21 one-bedroom units, 11 two-bedroom, 12 three-bedroom units, 1 unrestricted two-bedroom manager unit, and 58 covered parking spaces. A two-story community building will also provide a community room, kitchen, and maintenance and storage space. The Sites currently improved with a vacant one-story commercial building which will be removed prior to construction. The City's fifty-five-year affordability restrictions will include 44 apartments at-60% AMI or less: Eleven units will be set aside for persons with special needs for intellectual or developmental disabilities. The Developer will apply for other Project funding sources that will have lower affordability restrictions for a mix of 30% AMI to 60% AMI households. The Project will include private balconies, a community multi-purpose space, a space to do laundry, and an outdoor garden area with seating, tot-lot and exercise area. The Project will also be sustainably designed: and constructed to achieve, at minimum, a GreenPoint rating or substantial equivalent, and will comply with State energy-efficiency standards for new construction. It will incorporate sustainable development features and technologies, including all electric systems and Energy Star-rated appliances, dual pane windows, high efficiency lighting, low flow fixtures and drought tolerant landscaping and native plants.