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Home My WebLink About16 - Request for Proposals for Senior Affordable HousingHearing Date: Agenda Item No.: Staff Person: REPORT TO THE MAYOR AND CITY COUNCIL SUBJECT: Request for Proposals for Senior Affordable Housing SUGGESTED ACTION: Approve and authorize staff to circulate RFP April 24, 2001 16 Sharon Z. Wood (949) 644 -3222 The City Council Affordable Housing Task Force has been exploring ways to develop affordable housing for senior citizens in Newport Beach. Task Force members and staff are continuing to work with representatives of The Irvine Company to develop a project at the Bayview Landing site. In addition, the Task Force directed staff to prepare a request for proposals (RFP) for a second project. The attached RFP has been reviewed and approved by the Task Force, and they are requesting that the City Council authorize staff to circulate it among developers of senior affordable housing. The RFP is not site specific, and requests that interested parties propose sites and project specifics. City incentives, including approximately $2,000,000 of affordable housing funds and a density bonus program, are described. Five objectives that the City would like to achieve with the project are listed, and the submission requirements and review process are described. Proposals are due on June 1, 2001. SHARON Z. WOOD Assistant City Manager Afol� CITY OF NEWPORT BEACH O� ?E`x'ADglq COMMUNITY AND ECONOMIC j_ DEVELOPMENT PLANNING DEPARTMENT 3300 NEWPORT BOULEVARD NEWPORT BEACH, CA 92658 (714) 644 -3200; FAX (714) 644 -3250 Hearing Date: Agenda Item No.: Staff Person: REPORT TO THE MAYOR AND CITY COUNCIL SUBJECT: Request for Proposals for Senior Affordable Housing SUGGESTED ACTION: Approve and authorize staff to circulate RFP April 24, 2001 16 Sharon Z. Wood (949) 644 -3222 The City Council Affordable Housing Task Force has been exploring ways to develop affordable housing for senior citizens in Newport Beach. Task Force members and staff are continuing to work with representatives of The Irvine Company to develop a project at the Bayview Landing site. In addition, the Task Force directed staff to prepare a request for proposals (RFP) for a second project. The attached RFP has been reviewed and approved by the Task Force, and they are requesting that the City Council authorize staff to circulate it among developers of senior affordable housing. The RFP is not site specific, and requests that interested parties propose sites and project specifics. City incentives, including approximately $2,000,000 of affordable housing funds and a density bonus program, are described. Five objectives that the City would like to achieve with the project are listed, and the submission requirements and review process are described. Proposals are due on June 1, 2001. SHARON Z. WOOD Assistant City Manager Afol� CITY OF NEWPORT BEACH REQUEST FOR PROPOSALS SENIOR AFFORDABLE HOUSING April 2001 I. INTRODUCTION The City of Newport Beach is inviting proposals for the development of affordable housing for senior citizens. Newport Beach does not have a redevelopment agency, and has not identified a project site. The City does have approximately $2,000,000 contributed as affordable housing in- lieu fees by developers of market rate housing. Some of these funds are available to assist in the development of affordable senior housing. Newport Beach also has programs to provide a density bonus or other incentives for the development of affordable housing. These programs are described in the City's General Plan Housing Element (Attachment 1). This element is being updated, but the City does not expect significant changes to the incentive programs in the element. II. PROJECT OBJECTIVES A. Provide at least 100 housing units affordable to very low, low and moderate income seniors. The City is open to considering more than one project to meet this objective. B. Provide housing that is located, designed and managed to meet the needs of senior citizens. C. Leverage the City's housing funds to maximize affordability. D. Develop a project that is well designed, safe and compatible with its surrounding neighborhood. E. Make significant progress towards meeting the City's goals for 1998 -2005 established by the Regional Housing Needs Assessment, as follows. Very Low Income 86 units Low Income 53 units Moderate Income 83 units Above Moderate Income 254 units III. SUBMISSION R.EQUIR.EMENTS A. Identification of the Firm 1. Name, address, telephone number, and principal contact 2. Length of time in business 3. Ownership structure (corporation, partnership, joint venture, etc.) B. Proiect Team Describe the roles of all members of the project team. Identify the individual(s) who would be responsible for day -to -day contact with the City, and to what extent the individual(s) would have authority to negotiate an agreement. Provide background information, previous projects and references for all lead consultants to be used in development of the project, including architect and other design professionals, economic advisors and traffic engineer. C. Experience Describe the experience of the team members in developing senior housing projects, as individuals and as a team. Provide the following information for past and current affordable senior housing projects: name and location, number of units and description of amenities, rendering or photograph showing design quality, method of financing, utilization of any local government incentive programs, property manager, and local government contact. D. Financial Qualifications Provide information on the financial status of the development entity, and its ability to obtain financing for the project. Include references from banks or other sources of financing for recent, comparable projects. F. Proiect Description Describe the proposed site and project, including number of units, density, mix of units by size and affordability, parking, amenities and design concept. Provide a site plan and elevations showing the appearance of the project. G. Development Costs and Operating Pro Forma Provide a detailed estimate of land and development costs and identify funding sources. Provide a stabilized year revenues /expenses statement, and a ten -year operating pro forma. Justify the need for any financial assistance requested from the City. H. Implementation Schedule Identify timelines for the completion of all project related tasks including financing, pre - development planning, environmental review and entitlement, design development, permit processing and construction. 2 H. Property Management Identify the entity that will manage the project upon occupancy, and provide information on other affordable senior housing projects managed by that entity and the programs and services provided in those projects. I. Submittal Deadline Twenty (20) copies of the proposal are required. Submittals must be received no later than 5:00 p.m. on June 1, 2001. Submittals should be addressed to: Sharon Wood, Assistant City Manager 3300 Newport Boulevard P. O. Box 1768 Newport Beach, CA 92658 -8915 IV. REVIEW PROCESS Complete and timely submittals will be reviewed by the City Council Affordable Housing Task Force, according to the following criteria: A. Responsiveness to this RFP B. Extent to which project objectives are achieved C. Experience of the firm in developing quality affordable senior housing projects D. Ability of the firm to complete the project Those firms with proposals that best meet these criteria will be invited to an interview with the Task Force. The most qualified parties may be invited to submit more detailed information. The final selection will be made by the City Council. The City reserves the right to consider factors other than economics, to request additional information, to select more than one party to participate in a further review process, and to reject all proposals. V. CITY CONTACT Sharon Wood Assistant City Manager 949 - 644 -3222 k]