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Attachment 2Arn Andrews From: Hamid Taeb <HTaeb@habitatebsv.org> Sent: Friday, October 20, 2017 9:33 AM To: Arn Andrews Cc: Joel Paulson; Kevin Elliott; Melinda Platt Subject: RE: Update on Los Gatos Town Property 20 Dittos Lane Attachments: Habitat Dittos Ln proposal 11-13-2017.pdf; Habitat 2nd proposal-12 Units from College Ave.pdf Follow Up Flag: Follow up Flag Status: Flagged Dear Mr. Arn Andrews: In the last ten months, Habitat has worked extensively to provide two separate proposals as possible affordable housing development opportunities at 20 Dittos Lane for the Town of Los Gatos. These two proposals have stated the following: Proposal 1 - On January 13, 2017 Habitat provided a proposal expressing interest to develop the site at 20 Dittos Lane with 3 to 4 affordable units using the current access (see attached). The proposal contemplated offing the homes to families earning up to 120% of AMI. During various meetings Habitat conducted with neighbors, it became apparent that they did not support the development for more than 2 homes. Habitat also held meetings with Santa Clara County Fire Department and learned that the condition of the current access does not support a development of more than 2 units. Proposal 2 -Habitat evaluated the possibility of an access from College Avenue to mitigate the concerns of neighbors and the Santa Clara County Fire Department. Through extensive engineering analysis, Habitat arrived at a solution to create access from College Avenue to the flat area of the site. To properly finance the expensive access and the project, Habitat envisioned providing a minimum of 12 homes within two story structures as condominiums/townhouse of 1 to 3 bedrooms units ranging from - to SQFT (see attached Summary Budget dated). The development contemplated reusing the blocks and stones of the existing retaining walls that had been preserved on the property. Habitat envisioned offering the units to families earning below 120% of AMI. The offering would give priority to people currently working in the Los Gatos area such as teachers and public servants. We understand that the Town Council on September 19, 2017 provided guidance and limited the density on the property to 4 units. Habitat is interested, willing and able to develop the site using the existing access from Dittos Lane and without any modification to the access to provide 3 to 4 affordable units per proposal 1 provided that the Santa Clara County Fire Department and immediate neighbors including the owners and residents of El Gatos Apartments will support and allow the development of 3 to 4 affordable units. Habitat is also willing to work with Town staff, Council, and neighbors to provide more affordable homes similar to proposal 2 using College Avenue as the ultimate access for the development. We appreciate your time and consideration of our proposals to transform this vacant lot into an opportunity to provide affordable homes to the teachers, public servants, and residents of the Town of Los Gatos. Regards; 1 Hamid Taeb Director of Real Estate Development Habitat for Humanity East Bay/Silicon Valley Phone: 510-803-3355 HTaeb@HabitatEBSV.org East Bay: 2619 Broadway, Oakland, CA 94612 Web: HabitatEBSV.org 1 Facebook: /HabitatEBSV I Twitter: @HabitatEBSV I eNews 40.4%. Habitat 1 for Humanity East Bay/Silicon Valley IAGINE WHAT MORE WE CAN BUILD Notice: This message may contain confidential information. Unauthorized use, disclosure, distribution, or copying is prohibited. If received in error, please return to sender. From: Arn Andrews[mailto:aandrews@losgatosca.gov] Sent: Tuesday, September 26, 2017 1:58 PM To: Hamid Taeb <HTaeb@habitatebsv.org>; TAlarcon@LegacyWealthVentures.com; sarah.chaffin@hotmail.com; Goddard, Nick (SJC) <Nick.Goddard@colliers.com>; Iazykrancho@aol.com; geraldscottfineart@gmail.com Cc: Joel Paulson <jpaulson@losgatosca.gov> Subject: Update on Los Gatos Town Property 20 Dittos Lane H i, You are receiving this email because you have previously expressed interest in 20 Dittos Lane, either through our previous RFP process or other channels. On September 19, 2017, the Town Council provided further guidance on the disposition and use of Dittos Lane. The Town Council confirmed that the property should be utilized for Below Market Rate (BMR) housing in keeping with the original intent of the properties acquisition. In addition, the Council opined that the preferred goals for the property would entail a maximum of four units, target low and moderate affordability income ranges, and lastly attempt to preserve the historic and environmental nature of the site. The Council is providing an additional opportunity to previous, and new proposers, who wish to submit proposals reflective of the aforementioned goals. Initial submissions should be directed to myself by October 22, 2017. Please let me know if you have any questions. Thank you. Arn Andrews • Assistant Town Manager 110 East Main Street, Los Gatos CA 95030 Ph: 408.354.6836 • aandrews@losgatosca.gov www.losgatosca.gov • https://www.facebook.com/Iosgatosca 2 Habitat 1• •• for Humanity' East Bay/Silicon Valley January 13, 2017 Kay Winer Assistant Town Manager 110 East Main Street Los Gatos, CA, 95030 Telephone: (408) 399-6834 RE: Development proposal for 20 Dittos Lane Dear Ms. Winer, Habitat for Humanity East Bay/Silicon Valley (Habitat) is excited for the potential opportunity to partner with the Town of Los Gatos. Habitat is submitting this proposal to develop affordable, for -sale housing at the property located at 20 Dittos Lane. Habitat is proposing that the Town of Los Gatos donate this property in order to make it feasible to provide a 100% affordable development. A sample development budget is enclosed. This development will allow Habitat to take a vacant parcel of land in the Town of Los Gatos and convert it into a vibrant affordable for -sale housing project that will contribute to the surrounding community. Habitat anticipates developing the site with three to four 3- and 4-bedroom homes. The units will range from approximately 1,200 to 1,400 square feet. The homes will have a mix of horizontal and vertical board and shingle siding. Attractive trim materials and architectural details such as brackets, extended overhangs, and a variety of siding types will increase the visual appeal of the building. The homes will be simple and modestly sized but will incorporate many green building features which will address passive solar design, energy efficiency, water efficiency, resource conservation, and indoor air quality. Habitat expects that all homes in this project will be GreenPoint certified, as other recent projects have been. Habitat anticipates that the homes would be built in one phase. Access to the property will be through an existing adjacent development (the El Gato Penthouse Apartments) and Habitat intends to design the site circulation to allow for a standard turnaround for fire, emergency, and service vehicles. The homes will be targeted towards households earning no greater than 120% of the area median income. The homes will come with a minimum 30-year resale restriction, which are designed to keep the homes affordable when families are ready to sell and prevents the homes from being sold at market rate. Habitat typically retains the first option of purchase, which means that if a family decides to sell their home, Habitat can purchase it and resell it to a new qualified family at an affordable sales price. it starts with HDr starts With YOU HabitatEBSVorg 1866.450 4432 I EAST BAY 2619 Broadway, Oakland, CA 94612 I SILICON VALLEY 513 Val ey Way, Milpitas, CA 95035 Please find enclosed the following supplemental exhibits: 1. Exhibit A: Sample development budget 2. Exhibit B: Organization Information 3. Exhibit C: Fiscal Year 2016 Audited Financial Statement We appreciate the opportunity to be considered for this project. Please contact me at HTaeb@HabtiatEBSV.org or (510) 803-3355 if you have any questions. Thanks very much, Hamid Taeb Housing Director Exhibit A Preliminary Development Budget Permanent Sources County Bond Habitat Contribution Home Sales Proceeds - Low Home Sales Proceeds - Mods Total Development Budget Homes Build. Ft' 4 5,208 Jan. '17 Preliminary Budget Total Per Unit % of Total Cost 300,000 430,661 610,800 1,176,381 150,000 (1) 215,330 (1) 305,400 (1) 588,191 (2) 11.9% 17.1% 24.3% 46.7% Total Permanent Sources $ 2,517,842 $ 629,460 (3) 100% Development Costs Land 0.0% Due Diligence 75,000 18,750 3.0% Design Consultants 176,980 44,245 7.0% Site Development 736,000 184,000 29.2% Home Construction 768,221 192,055 30.5% Permits and Fees 329,708 82,427 13.1% Administration 235,239 58,810 9.3% Finance & Carrying 108,646 27,161 4.3% Marketing/Homeowner Relations 88,048 22,012 3.5% Total Development Costs $ 2,517,842 $ 629,460 100% Net Project Inflow! (Outflow) (1) Per unit is based on the number of low income homes. (2) Per unit is based on the number of moderate income homes. (3) Total Permanent Sources per unit is Total Permanent Sources divided by the total number of homes. This budget assumes a 4-home development; the numbers may change based on varying details, such as product type and unknown site conditions. Exhibit B Organization Information Habitat for Humanity East Bay/Silicon Valley revitalizes neighborhoods, builds affordable and sustainable housing solutions, and empowers families through successful homeownership. Since 1986, Habitat has partnered with volunteers, the community, and qualified families with limited incomes to strengthen communities in Alameda, Contra Costa, and Santa Clara counties. Habitat envisions a world where everybody has a decent place to live, and provides housing solutions ranging from new construction to home renovations and owner -occupied home repairs. Habitat also provides housing counseling to help households achieve long-term affordable housing. Areas of specialization and expertise: New Home Construction Through Habitat's flagship new construction program, as a licensed general contractor we have continuously built homes with volunteers since our founding in 1986. Habitat's involvement in the new construction process includes acquiring sites, identifying sources of financing, managing a design team, obtaining entitlements, pulling necessary engineering and building permits, managing subcontractors, constructing the homes, and identifying qualified homebuyers. In the predevelopment phase, Habitat acquires vacant sites, and selects and manages a design team consisting of contracted architects and civil engineers in order to create healthy home designs that meet the needs of future homeowners. Habitat homes are designed to be simple and modestly sized, but the homes incorporate many green building features which address passive solar design, energy efficiency, water efficiency, resource conservation, and indoor air quality. All homes are designed to meet or exceed energy efficiency standards and incorporate sustainable building practices to achieve Build It Green certification. Throughout the process, Habitat prides itself in building strong relationships with multiple stakeholders: with the city staff who complete approvals; with the volunteers and donors who enable our work; and with our clients whose success motivates all that we do. Habitat's new construction projects engage the community by having most of the construction completed by community volunteers, and by requiring that homeowners contribute 500 hours of sweat equity towards their home. In order to set our homeowners up for success, we require them to participate in a series of trainings. We provide training in leadership development, conflict resolution, and communication so that the homeowners are prepared for the challenges of managing a homeowners association and organizing their neighbors to tackle other community improvements. We identify emerging leaders and nurture their development, helping them acquire the tools they'll need to make the changes they wish to see in their lives and neighborhoods. The Habitat developments and larger surrounding neighborhoods become sustainable because the training we offer extends beyond owning a home. Please see enclosed, examples of ongoing and completed Habitat developments. Home Renovations Through Habitat's home renovations program, we purchase homes in need of repair, rehabilitate them, and sell them to restricted income buyers. Habitat is experienced in renovating homes with significant deferred maintenance issues and has acquired and renovated approximately 70 homes over the past few years. These homes range in age from 10 to nearly 100 years old, and in size from just over 700 square feet to over 2,000 square feet. Habitat has developed a thorough due diligence process for investigating homes and assessing their renovation needs. In order to make these homes affordable to lower income homeowners in the long term, Habitat preemptively fixes major issues anticipated to arise within the first 5-10 years of homeownership. Habitat's renovations engage the community in a number of ways by having most of the renovation work completed by community volunteers, and by requiring that all homeowners contribute 250 hours of sweat equity towards their home. As a licensed general contractor, Habitat supervises home renovations using labor provided by subcontractors, Habitat homebuyers, and community volunteers. Habitat brings a "whole -systems" approach to its renovations, creating homes that conserve energy, water, and material resources and are healthy, safe, and comfortable for the occupant. General Contracting Owner -Occupied Home Repair: In 2012, Habitat expanded its services to serve owner -occupied homes in need of repairs, often with severely deferred maintenance needs. In this program, Habitat works with lower income households to provide low-cost, safety -focused repairs that enable homeowners to remain in their homes and neighborhoods. To date, Habitat has provided general contractor repair services to almost 100 homeowners. Habitat acts as a general contractor, overseeing the work of the volunteers and subcontractors. Habitat trains the homeowners and teams of volunteers to perform repairs that are critical to the health of the family and the building. Common scopes of work include repairs for roofs, ramps and accessibility upgrades, window installation, exterior painting, and exterior carpentry, including fences, porches, railings, and trim. For critical repairs that volunteers cannot perform, Habitat works with subcontractors to service and replace furnaces, water heaters, electrical, and plumbing. Homeless Shelter: Habitat is partnering with Abode Services on a project to rehabilitate two residential houses on Vermont Street in San Jose, and provide 16 rooms for homeless individuals or couples. Habitat is acting as the general contractor for this project. Housing Counseling Habitat is committed to helping all East Bay and Silicon Valley residents achieve long-term affordable housing, not just Habitat homeowners. Through our Housing Counseling program, we work with families to accomplish financial goals and become ready for homeownership. We are approved by the US Department of Housing and Urban Development (HUD) to provide pre -purchase counseling; pre- purchase homebuyer education; financial management/budget counseling; financial, budgeting, and credit education; and non -delinquency post purchase workshops. Our housing counselors help individuals and households repair credit, reduce debt, and achieve or preserve dreams of homeownership. Since July 2013, Habitat has provided counseling services to over 700 individuals. Homebuyer and Financial Literacy Workshops are offered to individuals who are already on the path to homeownership. Habitat also has a Homebuyer's Club which gives potential homeowners the tools to take on the responsibilities of homeownership and includes topics such as understanding the home buying process, budgeting, savings strategies, and keeping debt under control. Examples of Habitat Developments Central Commons, Fremont 30 homes (construction to commence this year) Muir Ridge, Martinez (Unincorporated Contra Costa County) 20 homes (under construction) Pleasant Creek Homes, Walnut Creek 10 homes Kinsell Commons, Oakland 22 homes Exhibit C Fiscal Year 2016 Audited Financial Statement DEVELOPMENT APPROVAL — 20 Dittos Lane, Los Gatos Existing Site, Access, and Neighboring Properties Site Boundary Neighboring Multifamily Buildings Existing Access through neighboring properties Unit: 12 Unit Site Plan ems, �X d } GtG Babb r 1 Bedrooms @ 612 SQFT = 4 Stack Flat 2 Bedrooms @ 992 SQFT = 4 2 Story 3 Bedrooms @ 1192 SQFT = 4 2 Story Total 12 Parking: Assigned Parking Guest Parking Total = 24 = 8 = 32 Parking Ratio: 2 Per Unit .75 Per Unit 2.75 Per Unit Dittos Ln, Los Gatos Summary Budget 7/13/2017 Low Income Mod. Income Total Homes Build. Ft2 1 BR 2 BR 3 BR 4 BR Total Homes 1 1 1 - 3 3 3 3 - 9 4 4 4 - 12 11,204 Permanent Sources Town of Los Gatos - Land Donation Habitat Contribution County Funds Home Sales Proceeds - Low Home Sales Proceeds - Mods Home Sales Proceed - WISH Funds Total Development Budget Homes Build. Ft2 12 11,204 June '17 Board Budget Total 3,100,000 240,000 3,000,000 830,000 3,990,000 45,000 Per Unit % of Total Cost 258,333 80,000 (1/ 250,000 276,667 (1) 443,333 (2) 15,000 (1) 27.7% 2.1% 26.8% 7.4% 35.6% 0.4% Total Permanent Sources $ 11,205,000 $ 933,750 (3) 100% Development Costs Site Acquisition/Due Diligence 3,150,000 262,500 28.1% Design Consultants 495,000 41,250 4.4% Site Development 3,600,000 300,000 32.1% Home Construction 2,000,000 166,667 17.8% Permits and Fees 650,000 54,167 5.8% Administration 750,000 62,500 6.7% Finance & Carrying 300,000 25,000 2.7% Marketing/Homeowner Relations 260,000 21,667 2.3% Total Development Costs $ 11,205,000 $ 933,750 100% Net Project Inflow / (Outflow) (1) Per unit is based on the number of low income homes. (2) Per unit is based on the number of moderate income homes. (3) Total Permanent Sources per unit is Total Permanent Sources divided by the total number of homes. A- Habitat for Humanity East Bay/Silicon Valley 0 0 m 0 m m Z C) c O 1 1i 4.: ZSU I II --1 m C(—te —® J li — ei i 1— is A di, Sul (c) 1 111111111 0^ cif CEO l Imalo II 1111 bb OltHabitat for Humanity° East Bay/Silicon Valley DEVELOPMENT APPROVAL — 20 Dittos Lane, Los Gatos Examples of Roadway Retaining Walls