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					   El Cerrito Redevelopment Agency
Residential Mixed Use Development Site


    10860 & 10848 San Pablo Avenue




    Statement of Qualifications
          June 21, 2010
June 21, 2010

Ms. Hilde Myall
Housing Project Manager
Redevelopment & Housing
City of El Cerrito
10890 San Pablo Avenue
El Cerrito, CA 94530

RE: Residential Mixed Use Development Site

Dear Ms. Myall,

AMCAL is pleased to submit our Statement of Qualification and Project Concepts for the
Residential Mixed Use Development Site. AMCAL has been an industry leader in creating
housing opportunities throughout the state of California for over 30 years. It is this type of
experience that has enabled us to develop some projects that others may overlook. Because of
our design team, knowledge, and experience; we feel confident that AMCAL is the ideal
candidate for this project.

AMCAL has been extremely successful in creating public-private partnerships with numerous
municipalities to develop exciting projects. AMCAL has also been successful in being selected
as the developer of choice in numerous RFP/RFQ processes over the last couple of years. While
AMCAL is headquartered in Southern California, over the last several years there has been a
commitment to develop more affordable housing throughout Central and Northern California.
Just last year we completed our first development in the East Bay with the mixed-use
development, Brookfield Place. We are also very excited about another affordable housing
project in Oakland that is currently in pre-development. It is our hope to continue to build off of
our previous success and continue to expand our East Bay presence over the coming years.

We look forward to the opportunity to discuss this exciting development partnership further.
Please feel free to contact me if you have any additional questions at 559.226.2833, extension 207
or csmith@Amcalhousing.com.

Respectfully,




Craig R. Smith
Director of Development
City of El Cerrito                                                              June 21, 2010
Redevelopment Agency                                        Residential Mixed Use Development

                                 TABLE OF CONTENTS

 Tab Section
   1. Statement of Interest

    2. Developer Entity
          A. Identification of Entity
          B. Key Individuals
          C. Signatory

    3. Financial Statements

    4. Experience
          A. Developer: AMCAL Multi-Housing, Inc.
          B. Architect: Steinberg Architects
          C. Contractor: AMCAL General Contractors
          D. Asset Management: AMCAL Management

    5. Project Concept
          A. Project Narrative
                   i. Overall Project Concept
                  ii. Property Management
                 iii. Additional Resident Services
          B. Alternate Project Concept
          C. Conceptual Project Exhibits
                   i. Senior Housing Residential Development
                  ii. Mixed-Use Senior Housing and Community Senior Center Development
          D. Market Information
          E. Other AMCAL Developments

    6. Financial Overview
          A. Current underwriting
          B. Lending market
          C. Equity market
          D. Preliminary Budget and Proforma

    7. Development Schedule

    8. References
          A. Public sector
          B. Financial

                                        Appendices

    A. Developer: AMCAL Multi-Housing - Company profile
    B. Developer: AMCAL Multi-Housing - Media coverage



AMCAL Multi-Housing
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development

1. Statement of Interest

AMCAL Multi-Housing, Inc. is uniquely positioned to partner with the City of El Cerrito
Redevelopment Agency to develop a high quality senior housing mixed-use development. We
have a long and successful track record building public-private partnerships, delivering
workforce housing, expertise in working with funding agencies, in-house general contracting
capacity, and unparalleled access to capital. Furthermore, we view all of our projects as long-
term investments, both in terms of their financial performance and positive social outcomes.

We have carefully reviewed the various massing studies while also considering the needs of the
community to develop a couple of different project concepts for the site. We have taken into
consideration the high level of visibility that development will have with its close proximity to
City Hall. In addition, we have tried to create a development that stands on its own merits,
architecturally; but also blends design elements to create context between the City Hall building
to the north as well as the Village at Town Center Mixed Use Development to the immediate
south. The submittal includes two design options: Scheme #1 is proposed as a 64-unit 100%
affordable senior development that is a 3-story structure with surface parking off of Kearney
Street. Scheme #2 is also a 100% affordable senior development of 62 units. It also includes the
construction of a new City Senior Center for the benefit of all senior throughout the community.
This design incorporates 3 and 4 story construction along with surface parking and podium
garage construction.

Our architect, Steinberg Architects, has vast experience of creating visually thoughtful and
engaging developments. The firm’s progressive site planning and exterior designs can meet the
City and Agency’s housing objectives. Steinberg Architects understand that multi-family, when
designed sensitively, can enhance a neighborhood. The designers take extra care to include
articulation, varied setbacks, massing and heights, and select an aesthetic that integrates with the
existing neighboring buildings and proposed plans.

Our team completes numerous successful public-private projects throughout California, working
with municipalities, redevelopment agencies, and other government entities every year. We are
currently developing public-private workforce and affordable housing in Westminster, Los
Angeles, Palmdale, Long Beach, Rancho Palos Verdes, Oakland and Bakersfield, among others.

One of the keys to our success is our team’s in-house construction department, AMCAL General
Contractors, which brings economies of scale and the benefit of pooled, readily-available
resources to all our projects. We do not rely on outside general contractors, so we can better
estimate costs and schedules up-front, and maintain better control throughout construction.
AMCAL General Contractors has also made green building a company priority, so sustainability
features are already standard components of all our development projects.

Our team also enjoys excellent access to capital. AMCAL continues to be courted by equity and
debt investors on its pipeline projects and other opportunities. Some developers who received tax
credit allocations in 2008 returned credits because their financiers significantly reduced their
funding commitments, which made those projects unfeasible to construct. However, all five tax




AMCAL Multi-Housing                                                      Section 1: Statement of Interest
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

credit developments allocated to AMCAL in 2009 have been funded by major equity investors,
including Chase, Union Bank, Bank of America, Hudson Housing Capital and Boston Capital.

Finally, our team builds all of its projects on a “double bottom line” basis. We go beyond
scrupulous attention to budget and schedules and financial success for all partners to ensure that
projects meet positive social objectives for all stakeholders and retain their value over the long
term. We spend time upfront developing productive relationships with community members and
other stakeholders, and we pride ourselves in maintaining these relationships throughout the
development process and beyond as our projects become long-term community assets.

The team remains an involved owner for the long term. AMCAL’s strong property management
staff and partners specialize in affordable and workforce housing and successfully manage over
30 affordable developments throughout the state. We assign a property manager with experience
in each local area, instead of bringing in a firm from the outside with little local knowledge. The
team is also very selective in its choice of resident service providers to select and manage the
specific services that best match the tenant needs.

We look forward to discussing our expertise and qualifications to your agency, and having the
opportunity to show you what many other cities and agencies have come to expect when they
have partnered with AMCAL.




AMCAL Multi-Housing                                                     Section 1: Statement of Interest
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

2. Developer Entity

A. Identification of Entity

Developer:                    AMCAL Multi-Housing, Inc.
                              Corporate Office
                              30141 Agoura Rd., Ste. 100
                              Agoura Hills, CA 91301-4332
                              Phone: (818) 706-0694
                              Fax: (818) 706-3752

                              Central Valley Office:
                              4545 N. West Avenue, Suite 118
                              Fresno, CA 93705
                              Contact: Craig R. Smith, Director of Development
                              Email: CSmith@AmcalHousing.com

B. Key Individuals

A strong and experienced team of executives and staff will manage the financing, development,
construction, and management of affordable housing in El Cerrito. AMCAL understand the high-
profile nature of RFQs for affordable housing, and the team believes that executive involvement
and proactive staff are the keys to a successful public-private partnership that will fulfill the
goals of the citizens of El Cerrito.

AMCAL teams regularly complete 5-7 developments on time and within budget per year and
have adequate in-house staff with the capacity to expand as necessary. AMCAL’s current staff is
60 and its can draw from the knowledge and experience of many disciplines in-house: finance,
development, construction, and property management.

Percy Vaz, Chief Executive Officer, AMCAL Multi-Housing, has more than 30 years of
experience in developing a broad array of product types, and has specialized in the development
of housing across the spectrum of affordability.

Arjun Nagarkatti, President, AMCAL Multi-Housing, structures the financing for all market-rate
and affordable projects, which include residential and mixed-use. Mr. Nagarkatti is an expert at
public financing for low-income housing. His projects are regularly awarded funding via the
competitive 9% low-income housing tax credits, and he arranges the syndication of the credits to
major international financial institutions.

Maurice Ramirez, Vice President of Operations and Finance, AMCAL Multi-Housing,
supervises the financing, development and construction for all affordable developments. He has
intricate knowledge of various financing mechanisms and the development and construction
processes.




AMCAL Multi-Housing                                                       Section 2: Developer Entity
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

Darin Hansen, Vice President of Entitlements and Forward Planning, AMCAL Multi-Housing,
manages the due diligence, entitlement and design oversight of affordable housing projects. Mr.
Hansen works regularly with planning department staffs, and his projects are on the front line of
the region’s strategy to increase housing at infill locations and in redevelopment areas to
accommodate the large growth in future decades. Mr. Hansen will supervise the entitlement
process and the community outreach process.

Craig Smith, Director of Development, AMCAL Multi-Housing, oversees the acquisition,
entitlements, and finance for all multi-family and mixed-use developments in Central and
Northern California. He has an extensive background in residential development and will
supervise the entitlement and community outreach process.

Emery Comerford, Vice President of Construction, AMCAL General Contractors, manages the
overall Construction Dept. and construction process, and he will supervise the Director of
Construction and Construction Project Manager. Mr. Comerford will be involved in pre-
construction budgeting, selection of the team, scheduling and cost efficiency, plan development,
and supervising the management of all aspects through completion of construction.

Don Brenon, Asset Manager, AMCAL Management, manages the Asset Management Dept. for
property management and supervises the social service provider. He will manage the leasing, on-
going operations budget and cash flow, and ensure that appropriate educational and personal
growth programs will be implemented as part of the social services.




AMCAL Multi-Housing                                                       Section 2: Developer Entity
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Developer: AMCAL Multi-Housing

PERCIVAL VAZ
CHIEF EXECUTIVE OFFICER
AMCAL Multi-Housing, Inc.

With more than 30 years of industry experience, AMCAL Multi-Housing, Inc.’s President and
Chief Executive Officer Percival Vaz is an expert in single and multi-family developments,
construction, property management and real estate investment.

After founding AMCAL in 1978, Vaz successfully transformed the company into one of the
industry’s leading builders by planning, developing, building and managing projects valued at
more than $600,000,000 throughout California. In 1996, due to market demand, AMCAL shifted
its focus primarily on affordable housing. With more than $354,000,000 awarded in tax credits
since 2003, AMCAL continues to develop high-quality urban multi-family housing that provides
architecturally attractive, meticulously constructed and environmentally smart opportunities for
affordable family living in both for-sale and rental properties.

Born in Bombay, India, Vaz immigrated to the United States in 1966. After graduating from the
University of California, Los Angeles with a master’s degree in electronics and a minor in
business, Vaz worked within the aerospace and electronics industries before obtaining his
contractor’s license in 1979 and building his first apartment building.

Vaz is on the Board of Directors for the California Housing Consortium, an organization
dedicated to advancing affordable housing and community development issues throughout
California. He is also a member of the Southern California Association of Non-Profit Housing
(SCANPH) and the California Redevelopment Association. A recognized leader in the affordable
housing industry, Vaz has been invited to speak about urban redevelopment for several forums,
including the Urban Land Institute, Pacific Coast Builders Conference, National Housing
Conference, BIA, the University of Southern California and SCANPH.

A recipient of the West Angeles Community Development Corporation’s “Outstanding
Corporate Citizen” Award, Vaz also received the William F. McKenna Award for leadership in
the field of affordable housing from LINC Housing Corporation. In addition, Vaz was inducted
into the California Housing Coalition’s “Affordable Housing Hall of Fame” for his contributions
to the industry. In 2006, Vaz’ leadership helped AMCAL win the NAHB’s “Innovation in
Workforce Housing” award for the Avenue 26 Master Plan development.

In addition to his participation in the real estate industry, Vaz is an active member of the
community, previously serving on the Board of Directors for The Wellness Community in
Westlake Village, a national non-profit organization dedicated to providing free emotional
support, education and hope for people with cancer and their loved ones. He is also the co-
founder of the Sonaz Peace Foundation, an organization that has funded over 6,000 cataract
surgeries for people in rural India. Vaz is a benefactor of the Civic Arts Plaza and St. Maximilian
Kolbe Church, both located in his home city of Thousand Oaks.




AMCAL Multi-Housing                                                         Section 2: Developer Entity
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

ARJUN NAGAKATTI
PRESIDENT
AMCAL Multi-Housing, Inc.

Arjun Nagarkatti has 25 years of experience in residential development, and he began working at
AMCAL in 1988.

Upon graduation with an Architectural Degree, Arjun worked for Woodward and Associates, an
architectural firm in Dallas, and helped to design Commercial and Residential buildings in the
Dallas area. He later joined Morrison Knudsen Co., a large construction company based in Boise,
Idaho, and worked on the Fort Drum Army training installation in upstate New York, which was
built over a five-mile radius. At Morrison Knudsen, Arjun was with the Quality Control Team
and worked on maintaining specifications and the quality of construction of the project.

Arjun joined AMCAL as an Assistant Project Manager responsible for overseeing the sales and
marketing of single-family and multi-family ‘for sale’ housing tracts. Later as Project Manager
for Development, Arjun was responsible for the entitlement process of projects, including
meeting with homeowner groups in an effort to receive project support and approval. Arjun also
interfaced with brokers and negotiated land acquisition deals for AMCAL after running market-
rate ‘for sale’ housing proformas to ascertain the viability of projects.

As Executive Vice President, Arjun structures the financing for all of AMCAL’s market-rate and
affordable projects, which include residential and mixed-use. Under Arjun’s direction, AMCAL
has developed and constructed $340,000,000 in real estate during the last two decades.

Arjun is an expert at public financing for affordable housing, and AMCAL’s developments
regularly are awarded funding via low-income housing tax credits, which are funded by the
Department of the Treasury and administered by the California Tax Credit Allocation
Committee. Most AMCAL projects receive allocations of the highly competitive 9% credits, and
Arjun arranges the syndication of the credit to major international financial service
organizations. Other developments are financed via 4% credits or bonds.

Arjun also structures projects using homebuyer grants from city agencies, including the Los
Angeles Housing Department and BEGIN funds, and ‘soft’ funds from local city housing
agencies. AMCAL also procures funds from public sources, such as City of Industry Funds,
AHP and MHP.

Arjun graduated from the Massachusetts Institute of Technology with a Masters of Science in
Architecture Studies. He was born in India and immigrated to the United States in 1982.




AMCAL Multi-Housing                                                      Section 2: Developer Entity
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

MAURICE RAMIREZ
VICE PRESIDENT OF OPERATIONS AND FINANCE
AMCAL Multi-Housing, Inc.

Maurice has 25 years of experience in construction and development. He joined AMCAL in
2006 as Vice President of Operations and Finance. Maurice is involved in all aspects of
organizational development as it relates to AMCAL Multi-Housing and its affiliates and
manages project development through the different departments, including: Acquisitions,
Development, Finance, Construction and Accounting. Maurice directly oversees AMCAL’s
Development and Asset Management Departments.

Maurice has played an integral part in the acquisition and development of over 3,100 units of
affordable housing in Los Angeles and has worked to fund the development of an additional
7,000-10,000 apartments and over 200,000 square feet of commercial space. Prior to joining
AMCAL, Maurice was the Director of Acquisitions and Development for Los Angeles Housing
Partnership (LAHP), where he was responsible for overseeing all aspects of LAHP’s
developments from acquisition through asset management. Prior to LAHP, Maurice worked for
Local Initiatives Support Corporation (LISC), a national intermediary/investment
bank/foundation. At LISC he managed and underwrote real estate investments in affordable
housing, health clinics, child care centers and other office/retail uses. While at LISC, Maurice
received the President’s Award for Outstanding Work in Advancing Community Development.

During the rebuilding efforts after the Northridge Earthquake, Maurice worked as a Finance
Development consultant to the City of Los Angeles Housing Department (LAHD), to craft and
implement the Housing Department’s program for investing over $121,000,000 during a two-
year rebuilding effort. Additionally, he administered and managed the Los Angeles County
Housing Opportunities for Persons with AIDS (HOPWA) housing construction program and
invested approximately $3,000,000 to finance the construction of 200 units of housing for
persons with HIV/AIDS.

Maurice’s real estate and community development experience began with Los Angeles
Neighborhood Development Corporation (LANDCorp), an East Los Angeles community-based
nonprofit corporation, where he served as Director of Real Estate Development for two years.
Maurice’s other work-related experience extends into Construction Management Consulting,
providing construction management services to several large-scale developments including the
John Wayne Airport in Irvine, the rehabilitation of the Beverly Hills City Hall, and the
remodeling of the Santa Monica Place Mall. Maurice has also worked as an Urban Planning
Consultant, where he worked on new elements and revisions of public planning documents as
well as planning studies for local cities and municipalities. Maurice’s construction experience
dates back to the early 1980s where he worked as foreman for a concrete company and in
carpentry.

Maurice is a graduate of the University of Virginia where he graduated with Interdisciplinary
Honors from the College of Arts and Sciences and the McIntire School of Business.




AMCAL Multi-Housing                                                       Section 2: Developer Entity
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

DARIN HANSEN
VICE PRESIDENT OF FORWARD PLANNING AND ENTITLEMENTS
AMCAL Multi-Housing, Inc.

Darin Hansen has 19 years of entitlement and project management experience, focusing on the
complex entitlement of family and senior affordable projects for AMCAL. He joined AMCAL in
2007, and he manages the entitlement of several developments in urban Los Angeles, Los
Angeles first-ring suburbs, and rural cities in southern California.

As Vice President of Forward Planning and Entitlements, Darin is primarily responsible for all
due diligence, entitlement and design oversight of affordable housing projects within the state.

Darin’s entitlement work for urban infill projects is complex and typically includes plan
amendments, zone changes, and variances to allow higher-density development at underutilized
locations. He works regularly with planning department staffs, and his AMCAL projects are on
the front line of Los Angeles’ strategy to increase housing at infill locations to accommodate the
city’s large expected growth in future decades.

Darin is also active in garnering community support for affordable projects, which is important
as Los Angeles seeks to reduce its shortage of affordable housing. He regularly meets with
community groups to incorporate their desires into AMCAL projects and seeks to build
consensus prior to submitting entitlement applications.

Darin determines the best product type for each location, which may include small-lot single-
family houses, attached townhouses and attached multi-family flats/lofts, or traditional apartment
homes or combinations thereof.

Prior to AMCAL, Darin was a Community Builder/ Manager for K. Hovnanian Homes, where
he represented the company as the onsite business manager of homebuilding operations for a
master-planned community in Santa Clarita.

Darin also was a community Manager for eight years at Lennar/ Newhall Land where he was
responsible for the design, planning and management of a 1,800-acre master-planned community
that included 3,000 single-family, multi-family and active adult component units. He also
entitled many projects throughout Southern California.

Darin attended CSU Northridge and currently lives in Thousand Oaks. He served as a member of
the Board of Directors of the West Valley Community Development Corp. for more than five
years.




AMCAL Multi-Housing                                                        Section 2: Developer Entity
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

CRAIG SMITH
DIRECTOR OF DEVELOPMENT
AMCAL Multi-Housing, Inc.

As the Director of Development, Craig is responsible for all aspects of the development process
including acquisition assistance, governmental subsidy negotiation, planning and design, and
entitlements for Central and Northern California. He has over 18 years of experience in the
development industry and has managed projects in all stages of development from site
acquisition, due diligence, entitlements, feasibility analysis, project scheduling, and overseeing
construction.

Craig has worked in wide variety of roles in the homebuilding industry. From working in the
framing business, to Construction Superintendent, as well as Director of Community
Development. Craig has spent the last 12 years working in the forward planning and entitlement
side of the industry. Craig has had the opportunity to work on projects of various sizes and
scopes throughout the State of California. From small attached developments, to large master-
planned specific plans; Craig has a diverse project list that he has spearheaded. Craig has had a
lifetime of exposure to the construction industry as his father and grandfather were both general
contractors.

Prior to joining AMCAL in 2007, Craig was the Director of Community Development for a
regional homebuilder in the Central Valley. He oversaw the acquisition, entitlement and
development of approximately 2,000 units in developments from Bakersfield to Sacramento.

Craig also worked for John Laing Homes in various capacities as a Project Manager and Director
of Forward Planning for the Inland Empire Division in Southern California. Over the course of
several years, he was responsible for the entitlement and development of over 3,000+ residential
units.

Craig holds a bachelor’s degree in Business Administration and an MBA from Azusa Pacific
University in Southern California.




AMCAL Multi-Housing                                                        Section 2: Developer Entity
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Contractor: AMCAL General Contractors

EMERY COMERFORD
VICE PRESIDENT OF CONSTRUCTION
AMCAL General Contractors, Inc.

With 25 years of industry experience, AMCAL General Contractor, Inc.’s Vice President of
Construction Emery Comerford is highly skilled in managing the contracting for major new
construction and rehabilitation projects. In recent years, he managed the completion of 1,320
new units at a cost of $214,000,000 and the rehabilitation of 3,150 units at a cost of $63,000,000.
In the field of affordable housing, he completed 800 new family and senior units (cost of
$61,000,000) and renovated 233 senior units (cost of $3,500,000).

His tasks include overall management of the Construction Dept., which has 15 office and field
staff. The department completed 4 multi-family and mixed-use developments in 2009 with total
budgets of $52,100,000. It is scheduled to complete 8 podium and at-grade apartments and
mixed-use in 2010-2011 with a total budget of $73,719,000. In addition, he manages business
development for AGC’s third-party contracting services.
Mr. Comerford joined AGC in 2009 from Coury Enterprises, Inc., a $170,000,000 third-party
general contractor in southern California. As President of Construction from 2005 to 2009, he
supervised 30 to 45 office and field employees, including estimators, project managers, project
engineers, and superintendents. He was promoted from his position as Senior Manager /
Estimator, for which he estimated, schedule and managed reconstruction project to ensure on-
time delivery within budget.

Developers that hired Coury Enterprises include McCormack, Baron & Salazar, SunAmerica
Affordable Housing Partners, American Senior Living, Swinerton Management and Consulting,
Champion Development, John Laing Homes and Palisades Development.
As President of Construction, Mr. Comerfeld supervised the field staff for several large multi-
family developments. His projects included “The Collection at Downtown Burbank,” with 118
units and 50,000 sf of retail at a cost of $57,500,000; the “Whitesails Condominiums” in Oxnard
with 88 units, retail and office at a cost of $28,500,000; and the “Element Lofts” in Marina del
Rey with 50 units at a cost of $19,000,000.

Mr. Comerfeld’s affordable housing experience includes “Heritage Park” in Cathedral City with
153 senior units at a cost of $8,900,000 for SunAmerica; “The Fountains at Laguna Heights”
with 190 senior units at a cost of $12,100,000 for FountainGlen Properties; and “Encore Hall” in
Los Angeles with 104 senior units at a cost of $14,200,000 for McCormack, Baron & Salazar.
His projects include Prevailing Wage and Non-Prevailing Wage, partnerships with the Los
Angeles CRA, and MBE/DBE/WBE requirements.




AMCAL Multi-Housing                                                         Section 2: Developer Entity
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Asset/Property Management: AMCAL Management

DON BRENON, CPM®
ASSET MANAGER
AMCAL Multi-Housing, Inc.

Don Brenon has 23 years of experience in property management and joined AMCAL in 2005 to
manage and evolve the company’s Asset Management Department.

His current portfolio includes 900 senior and family low-income housing tax-credit multi-family
units and 60,000 s.f. in commercial properties. AMCAL has an additional three LIHTC multi-
family properties under development, which will add 200 units into the department by the end of
2008.

After graduating in 1980 from CSU Dominguez Hills with a Bachelor’s Degree in Management,
Mr. Brenon began his career in property management 1982. Over the years, he has been involved
with many aspects of commercial, residential and homeowner association property sales and
services. He has managed portfolios, departments and a company through his positions as an
Assistant Vice President for a national financial institution and Vice President of Operations at a
full-service, international real estate firm, and ownership of his own property management
company in Nevada during the late 1980s. He has consulted with numerous national and
international property management firms and is a principal in several private investments. His
property management experience has accumulated to 15,500 multi-family units and 5,000,000
s.f. of commercial buildings, valued at more than $2.8 billion.

As a student and teacher of the industry, Mr. Brenon is adept in the areas of asset and property
management; commercial leasing; property marketing and repositioning strategies including
rehabilitation; company and property acquisitions; tenant/property capital improvements;
financial reporting and client relations. He has also been an instructor for UCLA Extension since
2002, where he teaches semi-annually a 12-week accredited Property Management course.

Mr. Brenon has been actively involved on committees and as an officer in the Los Angeles
Chapter of the Institute of Real Estate Management (“IREM”) when in 1994, he obtained the
Certified Property Manager (CPM®) accreditation. He has also volunteered his time to his local
community including the Conejo Valley AYSO, the Conejo Youth Basketball Association, and
the Band Booster Board for Westlake High School.




AMCAL Multi-Housing                                                         Section 2: Developer Entity
City of El Cerrito                                                              June 21, 2010
Redevelopment Agency                                       Residential Mixed Use Development

C. Authorized Signatory

Arjun Nagarkatti, President of AMCAL Multi-Housing, Inc., will be the signatory for all
contractual and regulatory agreements as it relates to the proposed development.




AMCAL Multi-Housing                                                Section 2: Developer Entity
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

3. Financial Statements

As requested, a copy of the company’s current financial statements were sent to Ms. Debbie Kern
of Keyser Marston Associates, Inc. on June 16, 2010. On the following page, please find a copy of
the cover letter sent to Ms. Kern by AMCAL’s Vice President of Accounting and Administration.




AMCAL Multi-Housing                                                  Section 3: Financial Statements
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

4. Experience and Qualifications

A. Developer: AMCAL Multi-Housing

AMCAL Multi-Housing has over 30 years of residential development experience across the
complete spectrum of affordability (including custom homes, workforce condominiums and
affordable apartments). AMCAL’s affordable projects have various levels of affordability
ranging from 30% to 120% of AMI for rental developments and 80% to 200% of AMI for for-
sale developments. The company headquarters is in Agoura Hills in the Los Angeles area, and it
has offices in Irvine (Orange County) and Fresno (San Joaquin Valley).

The developer holds a General Contractor’s license via its affiliate, AMCAL General
Contractors, Inc. (B-460688).

AMCAL’s mission is to assist communities and non-profit organizations to develop quality
housing that exceed the expectations of all stakeholder groups throughout the state of California,
in terms of design and aesthetics, quality of construction and supportive services for the tenants.
Along with providing a physical home for tenants in need of low-cost housing, AMCAL strives
to transition its tenants to home ownership by improving their educational opportunities through
its social services provided at the developments.

AMCAL is familiar with the development of urban, low- and mid-rise structures that are
developed on infill sites in conjunction with transit stations or the civic core, including mixed-
use. AMCAL also has experience developing rural/suburban apartments with lower densities,
surface parking and more extensive landscaping.

AMCAL has completed and is currently constructing or in pre-development for more than 3,290
affordable and market-rate units throughout California, including the communities of urban Los
Angeles and the San Fernando Valley, Pomona, Palmdale, San Diego, Oakland, Fresno and the
San Joaquin Valley, and Brawley in Imperial County. Projects have also been completed in
recent years Goleta (Santa Barbara), Ventura, Victorville, Coachella, Pomona, Los Angeles,
Simi Valley, Maywood, Sacramento and the San Joaquin Valley. The value of projects recently
completed or in development exceeds $613,000,000.

In addition to affordable rental housing, AMCAL re-entered the workforce for-sale market, an
area of expertise earlier in its history. It completed the “Puerta del Sol” condominiums (a mixed-
use development with retail and live-work suites) in the Lincoln Heights district of Los Angeles
in 2007, and it is in pre-development for the “West Angeles Estates” small-lot houses in South
Los Angeles. These workforce housing developments are priced at middle-entry, and buyers can
receive subsidized financing, such as “soft second” mortgages, from city and state affordable
programs.

AMCAL’s reputation for efficiency and integrity precedes it when the company enters new
markets. Gabriel Papp, the Deputy Director of Community Development of Coachella, guided
the development of AMCAL’s Casa Grande affordable apartment project in 2001:



AMCAL Multi-Housing                                                              Section 4: Experience
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

       “Our association with AMCAL ... has been outstanding. Their dealings have
       been highly professional, maintaining high standards and integrity. We would not
       hesitate to recommend AMCAL to any city.”

Development types

In many developments, AMCAL builds urban land parcels that are vacant or have obsolete uses
and transforms them into livable residential complexes. AMCAL overcomes many difficult
hurdles, including fragmented land assembly, re-zoning of industrial parcels, demolition and
environmental remediation, mixed-use design, parking reductions, inclusion of social services,
and multi-layered public and private financial structures to deliver the end product of a
community within a community. AMCAL has created mixed-use in Los Angeles with its Puerta
del Sol condominium development next to the Avenue 26 Gold Line light-rail station, its
Maywood Villas senior apartment in Maywood, its Brookfield family apartment in Oakland, and
is currently under construction on Santa Fe family apartments in Bakersfield.

Many traditional developers avoid these risks, but AMCAL is often a pioneer that transforms
these sites into new neighborhoods, such as the “Avenue 26 Master Plan” (“Puerta del Sol”
condominiums, “Camino al Oro” senior affordable, “Tesoro del Valle” family affordable and
“Flores del Valle” family affordable apartments) in the Lincoln Heights district of Los Angeles.
This is a 10-acre transit-oriented development adjacent to the new Avenue 26 Gold Line station
and has a mixed-use component to help to improve the city’s “job-housing” balance.

Former Mayor James K. Hahn and Councilmember Ed Reyes, whose district includes Lincoln
Heights, attended the groundbreaking ceremony in 2004. These new homes include live-work,
lofts, and flats, and they revitalize and enhance the neighborhood. The sidewalks were improved
with new streetlamps, benches and trees, and the frontage design of the mixed-use Puerta del Sol,
with retail, live-work space, and lofts, activates the streets with pedestrian usage.

AMCAL has also built farm worker housing, which is in undersupply throughout the state. In
2002 AMCAL completed the construction of the 81-unit Casa Grande apartments in Coachella.
AMCAL also developed a second project in Coachella, Casa La Paz, based on the success of
Casa Grande and with the support of former Mayor and current City Councilman Juan De Lara,
who described the City’s experience with AMCAL:

       “The development was designed in compliance with the City’s expectations and
       was built and has been managed as if it were a completely market rate project.
       We maintained a good working relationship with AMCAL staff during
       predevelopment and throughout construction and are pleased that AMCAL built a
       quality project. The City... hopes to maintain an ongoing relationship with
       AMCAL.”




AMCAL Multi-Housing                                                            Section 4: Experience
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

Community involvement

AMCAL is very experienced in the community input process, which is an important part of our
work to help guide the formation of proposed developments. The staff is highly committed to
working with local stakeholders and building consensus. This commitment is recognized by our
extensive community input process for developments throughout California, including our
creative approach to addressing a wide range of issues such as density, height and privacy;
architectural style, articulation and building materials; on-site amenities; and parking.

As part of our outreach efforts, AMCAL proactively contacts local residents, community leaders,
neighborhood associations, businesses, as well as City staff and other stakeholders. These
outreach efforts include invitations to community design workshops to share information,
identify concerns and incorporate suggestions into the project concept and design. We also strive
to maintain long-term partnerships with the community, remaining in contact during construction
as well as building operations.

The scope, nature and the design of the proposals in this RFP would be guided by a community
input process. AMCAL is fully committed to engaging the community. Following are specific
examples of how community support was obtained for three rental housing developments.

In 2003, the Castelar affordable apartments opened with Mayor Hahn and Councilmember Reyes
speaking at the Grand Opening. Reyes lauded AMCAL for reviving an underutilized parcel in
the historic Chinatown district of Los Angeles, which will create a sense of pride and serve to
strengthen the entire community in the future:

       “AMCAL obviously understands the difficult and complex financing of such
       housing, and the company partners with creative architects to design beautiful
       and practical projects... I consider AMCAL to be a uniquely sensitive and
       creative development company that considers the complex needs of our diverse
       community.”

The community outreach for Castelar included several neighborhood organizations within the
immediate area, most of whom speak through the “Chinatown Services Center.” The design/
development team met several times with individual groups and the Chinatown Services Center
during the conceptual and schematic design. Many ideas were generated in these meetings and
incorporated into the building design. The massing, articulation, color scheme and landscaping
were of particular interest to the groups. The process was a positive experience and resulted in
great local support.

All of AMCAL’s affordable projects include community rooms, supportive services and
programs for residents such as adult education services or youth programs, which are in great
need for low-income families.

Several AMCAL projects in pre-development have had long community outreach processes. One
example of AMCAL’s commitment to working with the community is the Aztec Inn
redevelopment in eastern San Diego. The design process with the neighborhood lasted 16 months


AMCAL Multi-Housing                                                            Section 4: Experience
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development

with 20 community meetings, including the CACC Board and Planning Subcommittee, El
Cerrito Community Council, Crossroads Redevelopment PAC, College Area BID. The finished
product is a 65-unit mixed-use development with seven affordable condominiums, and it is
consistent with the Community Plan to provide higher density mixed-use development on El
Cajon Blvd., a major road. The new design produced a better transition to the adjacent single-
family neighborhood: The architecture was revised to Spanish/ Mediterranean, a driveway was
moved, density was reduced, building articulation was added, a setback was increased,
landscaping was increased, onsite recreational facilities were added, and height was reduced.

For the Tesoro del Valle family apartments in Lincoln Heights, an older Los Angeles urban
neighborhood, the development was vetted at neighborhood meetings that were facilitated by
Councilman Ed Reyes’ office and Chamber of Commerce meetings. The design was inspired by
the historic Craftsman architecture of the area, including the nearby single-family homes.

The Las Brisas family apartments in an old South Los Angeles neighborhood, the front exterior
is articulated townhouse style with pitched roofs, which meshes with the historic Craftsman
architecture of the area. Street-front units have direct access to the sidewalk, to create pedestrian
activity on the street and increase public safety through “natural surveillance. AMCAL
coordinated with the local City of Los Angeles Council Office, concerned citizens, and the
Community Action Committee supported by the local Community Redevelopment Agency.
Local residents were hired in construction jobs.

For the Villa Serena family apartments in eastern Los Angeles, AMCAL held several community
meetings over a four-month period in conjunction with the Los Angeles County Dept. of
Regional Planning and Office of Supervisor Gloria Molina. Spanish interpreters from
W.O.R.K.S., a respected Los Angeles affordable housing developer and social services provider,
assisted presentations. Design input from the neighbors was incorporated, which resulted in
changes to the type and height of fences and pedestrian access points.

At the Portofino Villas in Pomona, the residential is located in the back of the master plan site,
and new retail stores were built along the commercial road. The community wished to preserve
the street-front area for shopping. A historic winery building is located near the front for an
adaptive re-use opportunity as commercial. The outreach process identified the community’s
desire to preserve a historic winery building that was ‘discovered’ on the site.

The Los Vientos family apartments in urban San Diego included a 10-month period of
collaboration with local Barrio Logan community groups and the Council office. The Castelar
apartments in Chinatown included meetings with neighborhood organizations via the Chinatown
Services Center in order gain support. Comments from neighbors helped AMCAL to develop a
Chinese-style motif with appropriate colors and landscaping.

The Mosaic mixed-use affordable development in the Pico-Union district of Los Angeles has 56
units and ground-floor retail. It was entitled with the support of Councilmember Ed Reyes of
CD#1 in 2008. SB1818 incentives were used to increase the FAR to 2.0 in a Commercial zone.
AMCAL re-entitled the site, which has a Residential and Commercial split zone, and had been
controversial in the neighborhood in previous iterations as mixed-use with public storage.


AMCAL Multi-Housing                                                               Section 4: Experience
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development


A new design was developed with an appropriate density that used a Craftsman-inspired design
to mesh with the historic houses in the residential portion along 12th Street. Larger setbacks and
shorter heights are located in the rear, across from the houses on 12th Street, and taller, denser
portions are located along the commercial corridor of Pico Boulevard.

Many meetings were held with the Neighborhood Council and the CRA’s Project Area
Committee to win the trust of the community and explain the benefits of the new retail, housing
for low-income residents and community room with its social services. This design won
community approval, which allowed the Planning Dept. to approve entitlements. The CRA
followed with funding support.

The Sunrise 46-unit senior affordable development South Los Angeles was entitled with the
support of Councilmember Jan Perry of CD9 in 2008. SB1818 incentives per the City’s Density
Bonus Ordinance were used to increase the FAR to 3.0 in a Commercial zone near a Rapid Bus
line on Broadway. The CRA’s Project Area Committee approved the design and funding request,
which was followed with CRA funding support.

Reputation

AMCAL projects do not neglect good aesthetics and pleasant design because they are usually
reserved for low-income residents. From architecture to materials and amenities such as pools,
children’s play areas, barbecue areas, open space for recreation and community rooms, AMCAL
strives to create affordable projects with a level of quality, livability, and visual interest
comparable to market-rate developments. In 2004, AMCAL’s Castelar apartments in Chinatown
was a co-recipient of the Downtown News’ “Best Affordable Development,” based on its
architectural motif and ability to build a dense project sensitively in a historic neighborhood.

Bill Davis, mayor of Simi Valley, complimented AMCAL’s Sorrento Villas senior affordable
apartments in Wood Ranch in 2002:

       “The project represents good design and articulation with materials that are
       typical in keeping with the look afforded by non-subsidized market-rate apartment
       communities... AMCAL’s dealings with the City and community-at-large was
       handled with professionalism and honesty.”

In 1998, AMCAL received the National Association of Housing and Redevelopment Officials
Award for its Positano affordable apartment community in Santa Barbara County. AMCAL also
received the “Elan Award” in seven of nine categories on its market-rate Canyon Cove for-sale
development in Oak Park and has received numerous other industry awards over the years.

The Avenue 26 Master Plan, which includes 534 new workforce condominium and affordable
apartment homes built on a brownfield site in Los Angeles, was honored with several awards in
recent years. These include the National Association of Home Builders’ “Innovation in
Workforce Housing” award; Multifamily Executive magazine’s “Editors Choice” award as



AMCAL Multi-Housing                                                             Section 4: Experience
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

project of the year; and the National Association of Homebuilders’/ Professional Builder’s “Best
in American Living - Affordable Housing category” award.

Projects completed

AMCAL has completed to occupancy 33 affordable apartment and workforce condominium
developments with 3,139 restricted price units throughout California since 1998. In addition, 486
units are under construction in 8 developments through June 2010.

Project name                          City         Type        Units       Year       Value/cost
The Groves                Thousand Oaks       Condomin.          91        1995      $17,000,000
Positano             Goleta (Sta. Barbara)       Family         118        1999      $10,200,000
Sorrento Villas               Simi Valley        Senior         148        2000      $10,900,000
Casablanca                       Palmdale        Family         200        2000      $17,400,000
Serenity Villas                   Pomona         Senior         148        2000      $14,400,000
Casa Grande                     Coachella    Farmworker          81        2001      $ 9,500,000
Casa Figueroa                Los Angeles         Family          49        2003      $ 8,195,000
Castelar                     Los Angeles         Family         101        2003      $12,963,000
Portofino Villas                  Pomona         Senior         174        2005      $17,980,000
Casa Bella (Ph. 1a)            Victorville       Family          96        2006      $12,600,000
Casa Bella (Ph. 1b)            Victorville       Family          80        2006      $10,672,000
Camino al Oro                Los Angeles         Senior         102        2006      $14,009,000
Tesoro del Valle             Los Angeles         Family         121        2006      $21,000,000
Las Brisas                   Los Angeles         Family          66        2006      $11,200,000
Casa La Paz                     Coachella        Family          61        2006      $10,500,000
Casa Bella (Ph. 2)             Victorville       Family         112        2007      $15,238,000
Flores del Valle             Los Angeles         Family         146        2007      $28,300,000
Puerta del Sol               Los Angeles      Condomin.         165        2007      $50,047,000
Temple Villas                Los Angeles         Family          52        2007      $12,925,000
Maywood Villas                  Maywood          Senior          54        2007      $ 7,907,000
Villa Escondido     Orange Cove (Fresno)         Family          81        2007      $12,925,000
Villa Esperanza       Avenal (Kings Co.)         Family          81        2008      $12,657,000
Sommerset                     Sacramento         Family          96        2007      $15,305,000
Valle del Sol                     Brawley        Family          72        2008      $11,313,000
Sandstone                          Fresno        Family          69        2008      $12,589,000
Casa de Angeles              Los Angeles         Family          49        2008      $16,537,000
Villas del Lago              Los Angeles         Family          74        2008      $25,377,000
Villas Las Americas          Los Angeles         Family          55        2008      $19,434,000
Cielo Azul                       Palmdale        Senior          81        2008      $13,315,000
Los Vientos                     San Diego        Family          89        2008      $31,438,000
Brookfield Place                  Oakland        Family          58        2008      $12,435,000
Palo Verde Terrace               Palmdale        Senior          78        2009      $11,854,000
* Andalucia                  Los Angeles         Family          75        2010      $25,006,000
* Santa Fe                    Bakersfield        Family          56        2010      $11,027,000
* Cordova             Selma (Fresno Co.)         Family          81        2010      $14,830,000
* Mosaic                     Los Angeles         Family          56        2011      $25,006,000


AMCAL Multi-Housing                                                            Section 4: Experience
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

* Montecito Terraces Panorama City-L.A.            Senior          98        2011      $11,027,000
* Mirandela         Rancho Palos Verdes            Senior          34        2011      $12,788,000
* Royale        Westminster (Orange Co.)           Family          36        2011      $17,727,000
* Summer Hill                    Fresno            Family          50        2011      $ 8,741,000

* - under construction

Development of similar projects on infill sites

During the past six years, AMCAL has developed 14 apartments communities on sites in urban
areas, predominantly in Los Angeles County, but also in Oakland and San Diego. These infill
sites often required complex zone changes and community outreach to educate the public of the
benefits. AMCAL staff regularly meets with council offices, community groups and residents at
community forums to discuss the development plan and its design.

AMCAL General Contractors has completed 12 multi-family apartments and condominium
developments in Los Angeles County since 2003. They all had a design with a concrete podium
garage (subterranean or at-grade) and 3-4 levels of wood construction apartments above it. The
contractor is well-versed in compliance with the Building and Safety Dept. Conditions of
Approval and its emphasis on mitigation of environmental impacts.

Architects with experience in urban design have created housing that integrates with the local
community. At the Casa Figueroa and Las Brisas apartments, street-front entrances increase
natural surveillance and improve public safety. Their exterior designs are compatible with the
area and mesh well with the neighborhood fabric, using contemporary, Mediterranean or art deco
architecture. Public open space is often created via courtyards, and landscaping is used to bring a
“green” atmosphere to urban infill developments.

Construction site issues that have been overcome have included extensive excavations and
formidable slopes. At the Castelar apartments, a large slope was partially excavated with
retaining walls to build the subterranean garage. At Tesoro del Valle and Camino al Oro
apartments, extensive demolition was done to old warehouses, and excavation followed to build
subterranean garages.

A mixed-use project, the Puerta del Sol condominiums, was recently completed next to the
Avenue 26 Gold Line Station in Lincoln Heights (northeast of downtown Los Angeles), bringing
neighborhood retail to the new residents in an old industrial area that lacked many shops. The
retail suites and live-work units line the sidewalk, creating a pedestrian atmosphere throughout
the day and night.




AMCAL Multi-Housing                                                              Section 4: Experience
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

AMCAL has financed, developed and constructed the following urban infill projects since 2002:


Project                              Completion       Units          Term               Budget
Castelar family apartments                2003         101       15 months         $ 9,111,000
Casa Figueroa family apartments           2003          49       14 months         $ 5,003,000
Camino al Oro senior apartments           2006         102       14 months         $ 7,442,000
Tesoro del Valle family apartments        2006         121       16 months         $11,951,000
Las Brisas family apartments              2006          66       14 months         $11,821,000
Maywood Villas senior apartments           2007        54        15 months         $ 7,907,000
Puerta del Sol condominiums               2007         165       16 months         $27,270,000
Flores del Valle family apartments        2007         146       15 months         $26,882,000
Temple Villas family apartments           2007          52       15 months         $ 7,241,000
Casa de Angeles family apartments         2008          49       14 months         $ 9,754,000
Villas Las Americas family apartments     2008          55       15 months         $12,585,000
Villas del Lago family apartments         2008          74       16 months         $14,356,000
Los Vientos family apartments              2009         89       16 months         $31,438,000
Brookfield Place family apartments         2009         58       16 months         $12,435,000




AMCAL Multi-Housing                                                          Section 4: Experience
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

Examples of Recent Affordable Senior Housing Developments

i. Camino al Oro (senior affordable apartments)

   1. Address: 330 W. Avenue 26, Los Angeles (Lincoln Heights), Calif. 90031.
   2. Tenant mix: Multi-family residential, semopr affordable apartments targeted to an
       average rent level of 50% of AMI.
   3. Design team:
           a. Architect: Van Tilburg Banvard and Soderbergh (Santa Monica).
           b. Landscape: Lantex (San Juan Capistrano).
           c. Civil: Pacific Coast Civil (Agoura Hills).
           d. Structural: Ming Yang Yeh & Assoc. (Pasadena).
           e. MEP: Procedure Engineers (Irvine).
   4. Unit count: 102.
           a. Affordability: 10 at 30%, 10 at 40%, 50 at 50%, 30 at 60%, 2 manager units.
           b. Mix: 1-bed - 81 (568sf); 2-bed - 21 (748 sf).
   5. Development schedule:
           a. Completion: 2005.
           b. Time to complete: 15 months.
   6. Completed value: $13,810,000 (completed within budget, no prevailing wage).
   7. Rents - Per HUD 2009 for 30-40-50-60% AMI (includes utility allowance)-Los Angeles
       County:
           a. 1-bed: 30% - $445, 40% - $594, 50% - $743, 60% - $891.
           b. 2-bed: 30% - $535, 40% - $714, 50% - $892, 60% - $1,071.
   8. Financial leveraging sources:
   9. Equity: 9% tax credits - SunAmerica Affordable Housing Partners ($15,267,000).
   10. Loans: Construction - Wells Fargo ($3,560,000); permanent - California Community
       Reinvestment Corp. ($3,560,000).
   11. Agency: Los Angeles Housing Dept. ($682,000)
   12. Role: Lead developer, equity investor, general contractor.
   13. Design fit:
           a. A public courtyard is shared with the adjacent Tesoro del Valle family apartments
               and Puerta del Sol mixed-use/condominiums.
   14. Community outreach: The design team participated in neighborhood meetings and those
       hosted by the Chamber of Commerce and council office.
   15. Challenges: Re-zone from industrial to commercial (permitting residential), demolition
       and environmental remediation, entitlements for mixed-use project, variance for parking
       reduction live-work use and mass transit proximity and childcare use, perception of crime
       in neighborhood, few comparable projects and few new projects in area make acquisition
       of financing more complex.
   16. Parking: The subterranean garage includes separate secure parking for residents and
       guests.
   17. Public agencies: City of Los Angeles - Planning Dept., Bureau of Public Works, Building
       and Safety Dept., Recreation and Parks, Los Angeles Housing Dept.; Los Angeles
       County - Fire Dept.
   18. References:


AMCAL Multi-Housing                                                           Section 4: Experience
City of El Cerrito                                                                June 21, 2010
Redevelopment Agency                                         Residential Mixed Use Development

           a. Rebecca Valdez, Guadalupe Duran-Medina, Gerald Gubatan (now with CRA-
              LA), Planning Deputies, Office of Councilmember Ed Reyes - (213) 485-3451.
                 i. Address: 200 N. Spring St., Rm. #410, Los Angeles, CA 90012.
           b. Tim Elliott, General Manager; Mercedes Marquez, former General Manager, Los
              Angeles Housing Dept.(now with U.S. Dept. of Housing and Urban
              Development) - (866) 557-7368.
                 i. Address: 3550 Wilshire Blvd., 15th Flr., Los Angeles, CA 90010..




AMCAL Multi-Housing                                                       Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

ii. Maywood Villas (senior affordable apartments)

   1. Address: 5601 Atlantic Blvd., Maywood (Los Angeles Co.), Calif. 90270
   2. Tenant mix: Senior affordable apartments.
   3. Design team:
          a. Architect: PSArch.
   4. Program: Unit count - 54.
          a. Affordability: 6 at 30%, 6 at 40%, 27 at 50%, 14 at 60%, 1 manager unit.
          b. Mix: 1-bed - 33 (550 sf); 2-bed - 11 (750 sf).
          c. Parking: At-grade garage.
   5. Development schedule:
          a. Completion: 2007.
          b. Time to complete: 14 months.
   6. Completed value: $12,963,000 (completed within budget).
   7. Rents: Per HUD 2009 for 40-45-50% AMI (includes utility allowance)-Los Angeles Co.:
          a. 1-bed: 30% - $445, 40% - $594, 50% - $743, 60% - $891.
          b. 2-bed: 30% - $535, 40% - $714, 50% - $892, 60% - $1,071.
   8. Occupancy: 95%+ since opening.
   9. Financial leveraging sources:
          a. Equity: 9% tax credits - SunAmerica Affordable Housing Partners ($4,483,000).
          b. Loans: Construction - California Bank and Trust ($1,211,000); permanent -
              California Community Reinvestment Corp. ($1,211,000).
          c. Agency: City of Maywood RDA ($1,350,000).
   10. Role: Lead developer, equity investor, general contractor.
   11. Design fit:
          a. The mixed-use development is the first 5-level building in the city and includes
              retail at a prime location on busy Atlantic Boulevard, a main thoroughfare in the
              city. The extra height allows for more density and more affordable units, which
              the city desired to increase much-needed senior housing.
   12. Community outreach:
          a. The design was developed with input from the city and community.
   13. Public agencies: City of Maywood.
   14. References:
          a. Dana Mayo, Alliant Capital (formerly with SunAmerica Affordable Housing
              Partners) - (818) 668-6800.
                   i. Address: 21600 Oxnard St., Ste. #1200, Woodland Hills, CA 91367.
          b. David Mango, Director of Planning and Building, City of Maywood - (323) 562-
              5721.
                   i. Address: 4319 E. Slauson Blvd., Maywood, CA 90270.




AMCAL Multi-Housing                                                           Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

iii. Cielo Azul (senior affordable apartments)

       1. Location: 38040 N. 27th St. East, Palmdale (Los Angeles Co.), Calif. 93550
       2. Tenant mix: Multi-family residential, senior affordable apartments.
       3. Design team:
           a. Architect: R.L. Davidson (Fresno).
           b. Landscape: Lantex (San Juan Capistrano).
           c. Civil: Pacific Coast Civil (Agoura Hills).
       4. Unit count: 81.
           a. Affordability: 8 at 30%, 8 at 40%, 40 at 50%, 24 at 60%, 1 managers unit.
           b. Mix: 1-bed - 64 (624-718 sf); 2-bed - 17 (774 sf).
       5. Development schedule:
           a. Completion: 2007.
           b. Time to complete: 14 months.
       6. Completed value: $13,316,000 (completed within budget, no prevailing wage).
       7. Rents - Per HUD 2009 for 30-40-50-60% AMI (includes utility allowance)-Los
           Angeles County:
           a. 1-bed: 30% - $445, 40% - $594, 50% - $743, 60% - $891.
           b. 2-bed: 30% - $535, 40% - $714, 50% - $892, 60% - $1,071.
       8. Financial leveraging sources:
           a. Public: 9% tax credits, equity - SunAmerica Affordable Housing Partners
               ($9,238,000), agency - Community Redevelopment Agency. ($189,000).
           b. Private: Construction loan - Washington Mutual, now Chase ($6,317,000),
               permanent loan - California Community Reinvestment Corp. ($3,573,000).
       9. Role: Lead developer, equity investor, general contractor.
       10. Design fit: Two courtyards with walkways that line the perimeter serve as a central
           gathering place, to encourage seniors to interact.
       11. Community outreach: AMCAL coordinated with local churches and senior centers for
           outreach.
       12. Challenges: Long water line extensions, easement granted to rear landlocked parcel.
       13. Public agencies: County of Los Angeles - Fire Dept., City of Palmdale, Palmdale
           Water Co.
       14. References:
           a. Dana Mayo, Alliant Capital (formerly with SunAmerica Affordable Housing
               Partners) - (818) 668-6800.
           b. Cathy Fredinburg, Chase (formerly Washington Mutual) - (949) 833-4123.
           c. Richard Kite, Planning Dept., City of Palmdale - (661) 267-5200.
           d. Terri-Lee Wheeler, Community Redevelopment Agency - Housing Division, City
               of Palmdale - (661) 267-5126.




AMCAL Multi-Housing                                                          Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development

iv. Portofino Villas (senior affordable apartments)
1. Address: 121 W. Phillips Blvd., Pomona, (Los Angeles Co.), Calif. 91766.
2. Tenant mix: Senior affordable apartments.
3. Design team:
        a. Architect: Van Tilburg, Banvard & Soderbergh (Santa Monica).
        b. Landscape: Lantex (San Juan Capistrano).
        c. Civil: Pacific Coast Civil (Agoura Hills).
        d. Structural: Group M Engineers (Van Nuys).
        e. MEP: Procedure Engineers (Irvine).
4. Program: Unit count - 174.
        a. Affordability: 18 at 30%, 18 at 40%, 86 at 50%, 50 at 60%, 2 manager units.
        b. Mix: 1-bed - 139 (559 sf); 2-bed - 35 (751 sf).
        c. Parking: Surface.
5. Development schedule:
        a. Completion: 2005.
        b. Time to complete: 20 months.
6. Estimated budget: $16,788,026 (no prevailing wage).
7. Completed value: $17,980,080 (completed within budget).
8. Rents - Per HUD 2009 for 30-40-50-60% AMI (includes utility allowance)-Los Angeles Co.:
        a. 1-bed: 30% - $445, 40% - $594, 50% - $743, 60% - $891.
        b. 2-bed: 30% - $535, 40% - $714, 50% - $892, 60% - $1,071.
9. Financial leveraging sources:
        a. Public: 9% tax credits, equity - SunAmerica Affordable Housing Partners
            ($11,713,000).
        b. Private: Construction loan - California Bank and Trust ($5,400,000); permanent loan
            - California Community Reinvestment Corp. ($5,463,000).
10. Role: Lead developer, equity investor, general contractor.
11. Design fit: The residential is located in the back of the master plan site, and new retail stores
    were built along the commercial road. A historic winery building is located near the front for
    an adaptive re-use opportunity as commercial.
12. Community outreach: The outreach process identified the community’s desire to preserve a
    historic winery building that was ‘discovered’ on the site.
13. Challenges: Renovation historic winery on portion of site.
14. Benefits: A large community with needed senior affordable housing, and the preservation of
    a historic structure.
15. Public agencies: City of Pomona.
16. References:
        a. Dana Mayo, Alliant Capital (formerly with SunAmerica Affordable Housing
            Partners) - (818) 668-6800.
                 i. Address: 1999 Avenue of the Stars, 36th Flr., Los Angeles, CA 90067.
        b. Rick Gomez, Director, Community Development Dept. - (909) 620-2421.
                 i. Address: 505 S. Garey Ave., Pomona, CA 91766.
        c. Richard Belmudez, former Planning Director, (now City Manager, City of Perris) -
            (951) 943-6100.
                 i. Address: 101 N. “D” St., Perris, CA 92570.



AMCAL Multi-Housing                                                               Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

v. Palo Verde Terrace (senior affordable apartments)

1. Address: 38235 10th St. East., Palmdale, (Los Angeles Co.), Calif. 93550.
2. Tenant mix: Senior affordable apartments.
3. Design team:
        a. Architect: Withee Malcolm (Torrance).
        b. Landscape: Professional Design (Moorpark).
        c. Civil: Pacific Coast Civil (Agoura Hills).
        d. Structural: Borm (Irvine).
        e. MEP: Gouvis (Newport Beach).
4. Program: Unit count - 78.
        a. Affordability: 8 at 30%, 39 at 45%, 30 at 60%, 1 manager unit.
        b. Mix: 1-bed - 53 (613 sf); 2-bed - 15 (809 sf).
5. Parking: Surface.
6. Development schedule:
        a. Completion: 2009.
        b. Time to complete: 14 months.
7. Estimated budget: $11,854,000 (no prevailing wage).
8. Completed value: $11,854,000 (completed within budget).
9. Rents - Per HUD 2010 (includes utility allowance)-Los Angeles Co.:
        a. 1-bed: 30% - $395, 45% - $628, 50% - $765.
        b. 2-bed: 30% - $465, 50% - $828.
10. Financial leveraging sources:
        a. Equity: 9% tax credits - Union Bank ($5,800,000).
        b. Loans: Construction - Union Bank ($8,100,000); permanent - Union Bank
            ($3,400,000).
        c. Agency: City of Palmdale HOME ($1,200,000).
11. Role: Lead developer, equity investor, general contractor.
12. Design fit: The development is part of the Civic Center Master Plan, which places needed
    senior housing next to amenities (library, playhouse, city hall). The exterior is a modern
    Spanish Adobe to match the architecture of the civic center plaza.
13. Community outreach: The architecture resulted from community’s desire to complement the
    civic center plaza area.
14. Challenges: Large master plan process with subdivision and public easements for roadways
    and stormwater management.
15. Benefits: A large community with needed senior affordable housing.
16. Public agencies: City of Palmdale.
17. References:
        a. Johanna Gullick, Vice President, Union Bank - (310) 551-8967.
                i. Address: 1900 Ave. of the Stars, Los Angeles, CA 90067.
        b. Richard Kite, Planning Dept., City of Palmdale - (661) 267-5200.
        c. Terri-Lee Wheeler, Community Redevelopment Agency - Housing Division, City of
            Palmdale - (661) 267-5126.




AMCAL Multi-Housing                                                          Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                          June 21, 2010
Redevelopment Agency   Residential Mixed Use Development




AMCAL Multi-Housing                 Section 4: Experience
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

vi. Mirandela (senior affordable apartments)

1. Address: 5555 Crestridge Rd., Rancho Palos Verdes (Los Angeles Co.), Calif. 90275
2. Tenant mix: Senior affordable apartments.
3. Design team:
       a. Architect: Withee Malcolm (Torrance).
       b. Landscape: Professional Design (Moorpark).
       c. Civil: Pacific Coast Civil (Agoura Hills).
       d. Structural: Vandorpe Chou (Orange).
       e. MEP: Gouvis (Newport Beach)
4. Program: Unit count - 34.
       a. Affordability: 7 at 30%, 1 at 40%, 17 at 50%, 8 at 60%, 1 manager unit.
       b. Mix: 1-bed - 29 (550 sf); 2-bed - 5 (750 sf).
       c. Parking: Surface.
5. Development schedule:
       a. Completion: 2011.
       b. Time to complete: 13 months.
6. Completed value: $12,969,000 (projected to be completed within budget).
7. Rents: Per HUD 2009 (includes utility allowance)-Los Angeles Co.:
       a. 1-bed: 30% - $445, 40% - $594, 50% - $743, 60% - $891.
       b. 2-bed: 30% - $535, 40% - $714, 50% - $892, 60% - $1,071.
8. Occupancy: Projected to be 95%+ at opening.
9. Financial leveraging sources:
       a. Equity: 9% tax credits - Bank of America ($4,483,000).
       b. Loans: Construction - Bank of America ($1,211,000); permanent - Bank of America
           ($1,211,000).
       c. Agency: City of Rancho Palos Verdes RDA ($6,790,000).
10. Role: Lead developer, equity investor, general contractor.
11. Design fit:
       a. The development is set back into the hill (which required extensive grading and a
           shoring wall) to reduce its impact on the roadways and neighbors’ residences. The
           Mediterranean design with its red tile roof complements the architecture of the
           beachside locale. No mechanical equipment is placed on the roofs, which presents a
           more attractive view to hillside neighbors. Mature landscaping is planted to screen the
           parking lot.
12. Community outreach:
       a. Despite the fast-track entitlement schedule, an extensive public process was
           implemented. Concerns about views and landscaping brought about design changes
           for the structures to better blend into the hills. Graphics of view from various
           locations were drafted and onsite framing was installed to simulate the future
           buildings. Dozens of neighbors attended three public hearings, which resulted in
           project approval. (Two previous development proposals had failed.) AMCAL
           continues to send regular monthly construction updates to concerned neighbors
           regarding issues and mitigations. Many residents are impressed with the attractive
           design and scale, and have inquired about residence once occupancy is ready in early
           2011.


AMCAL Multi-Housing                                                             Section 4: Experience
City of El Cerrito                                                                  June 21, 2010
Redevelopment Agency                                           Residential Mixed Use Development

13. Public agencies: City of Rancho Palos Verdes; County of Los Angeles - Fire Dept., Public
    Works Dept..
14. References:
       a. Andrea Ursilo, Bank of America - (213) 621-4822.
                i. Address: 333 S. Hope St., 11th Flr., Los Angeles, CA 90071.
       b. Mike Greene, Bank of America - (415) 913-3212.
                i. Address: 555 California St., 6th Flr., San Francisco, CA 94104.
       c. Joel Rojas, Director of Planning, Greg Pfost, Planning Dept., City of Rancho Palos
           Verdes - (310) 544-5228.
                i. Address: 30940 Hawthorne Blvd., Rancho Palos Verdes, CA 90275.




AMCAL Multi-Housing                                                         Section 4: Experience
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

RFQ/RFP selection

AMCAL and its partners have been awarded the following RFPs from southern and central
California cities in recent years since 2005:

Cielo Azul senior apartments.
a. Location: 38040 27th St. East, Palmdale.
b. Program: 81 senior affordable apartments.
c. Value: $13,315,000
d. Municipality: Community Redevelopment Agency of the City of Palmdale.
e. Award: 2005.
f. Public financing: 2006 allocation of 9% tax credits, low-cost land lease.
g. Completion: 2008.

West Angeles Estates on Broadway.
a. Location: 9400 S. Broadway Ave., South Los Angeles.
b. Program: Senior affordable apartments, small-lot houses (workforce - 120-200% AMI
   targeted).
c. Value: $24,000,000
d. Municipality: Community Redevelopment Agency - City of Los Angeles.
e. Award: 2006.
f. Public financing: To be determined.
g. Completion: To be determined.

Palo Verde Terrace senior apartments
a. Location: 38235 10th St. East, Palmdale.
b. Program: 78 senior affordable apartments.
c. Value: $11,854,000
d. Municipality: Community Redevelopment Agency of the City of Palmdale.
e. Award: 2006.
f. Public financing: 2008 allocation of 9% tax credits, HOME funds.
g. Completion: 2010.

Royale family apartments
a. Location: 280 Hospital Cir., Westminster (Orange Co.).
b. Program: 36 family affordable apartments.
c. Value: $17,727,000
d. Municipality: Westminster Redevelopment Agency.
e. Award: 2007.
f. Public financing: 2009 allocation 9% tax credits, $5,540,000 in RDA funding.
g. Completion: 2011.




AMCAL Multi-Housing                                                          Section 4: Experience
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

Santa Fe family apartments
a. Location: Bakersfield.
b. Program: 56 family affordable apartments.
c. Value: $ 11,000,000
d. Municipality: City of Bakersfield Redevelopment Agency.
e. Award: 2007.
f. Public financing: 2008 allocation of 9% tax credits, $2,400,000 in RDA funding.
g. Completion: 2011.

North Long Beach mixed-use
a. Location: Long Beach.
b. Program: Mixed-use (6.3 acres, 2 city blocks) - 140 workforce condominiums, 42,000 sf of
   retail, public library, public parking.
c. Value: $ 76,000,000
d. Municipality: City of Long Beach Redevelopment Agency.
e. Award: 2007.
f. Public financing: To be determined.
g. Completion: To be determined.

Mirandela senior apartments
a. Location: Rancho Palos Verdes (Los Angeles Co.).
b. Program: 34 senior affordable apartments.
c. Value: $ 12,788,000
d. Municipality: City of Rancho Palos Verdes.
e. Award: 2008.
f. Public financing: 2009 allocation of 9% tax credits, $6,790,000 in RDA funding.
g. Completion: 2011.

Summer Hill family apartments
a. Location: Fresno.
b. Program: 50 family affordable apartments.
c. Value: $ 8,736,000
d. Municipality: City of Fresno Redevelopment Agency.
e. Award: 2008.
f. Public financing: 2009 allocation of 9% tax credits, $2,000,000 in RDA funding.
g. Completion: 2011.

Ventura & Seventh Mixed-Use
a. Location: Fresno
b. Program: 3,000-6,000 s.f retail with 60-90 senior affordable apartments
c. Value: To be determined
d. Municipality: City of Fresno Redevelopment Agency and City of Fresno Housing Dept.




AMCAL Multi-Housing                                                           Section 4: Experience
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

Green Building

The team has developed and constructed affordable housing since 1998 under California TCAC
regulations. Many AMCAL developments are podium structures (with concrete garages) at
higher densities in urban infill locations, which fulfill many traits of “smart growth.”

TCAC has several “sustainability” design and construction requirements, to which the team must
adhere in order to receive funding, and AMCAL has designed and constructed all of its
developments according these regulations for the past 10 years.

AMCAL buildings typically are constructed to exceed Title 24 energy efficiency requirements
by 15 percent, which includes Energy Star-rated appliances and many of our projects are
certified Energy Star developments.

AMCAL developments also receive a “boost” in their threshold basis in TCAC applications by
adding other sustainability elements, including green-label carpet, low-VOC paints and
adhesives, ceramic (no-VOC) tiles, bathroom exhaust fans on timers/humidistats, and extra
energy efficiency to 15%.

The following Multifamily GreenPoint Checklist details the various green elements that
AMCAL includes in many of its developments.

i. Multifamily GreenPoint Checklist

AMCAL includes these elements of the Multifamily GreenPoint Checklist in its developments:
1. Planning and design 60
2. Sitework              4
3. Structure            17
4. Systems              36
5. Finishes             24
6. Other                 4
Total                  145 points

   1. Planning and design (60 points)
         a. Infill sites
                  i. Location within urban growth boundary
                 ii. Housing density of 15 units per acre or greater
                iii. Location within existing community with utilities in place
                iv. Location in redevelopment area
                 v. Pedestrian access with half-mile to neighborhood services
                vi. Close Proximity to public transit
               vii. Reduced parking capacity
         b. Design for walking and bicycling
                  i. Sidewalks are physically separated from roadways and are 5 feet wide
         c. Social gathering places
                  i. Outdoor gathering places for residents (50+ sf )



AMCAL Multi-Housing                                                          Section 4: Experience
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

          d. Design for safety and natural surveillance
                   i. Main entrances to building and site are prominent and visible from street
          e. Landscaping
                   i. No plantings are listed on Invasive Plant Inventory
                  ii. Specify California Native or Mediterranean species that require little water
                 iii. Create drought-resistant soil – mulch
                 iv. Design and install high-efficiency irrigation system – drip or bubblers
                  v. Group plants by water needs
                 vi. Minimize turf in landscape – no turf on slopes exceeding 10% or less than
                      8 feet
          f. Building performance exceeds Title 24 – by 15%
          g. Adaptable buildings – 50% of units
          h. Affordability
                   i. 50%+ of units
                  ii. Multiple-bedroom units
   2. Sitework (4 points)
          a. Construction and demolition waste management
          b. Construction material efficiencies
                   i. Framing materials are pre-cut or pre-assembled
                  ii. 25% of total square footage
   3. Structure (17 points)
          a. Recycled aggregate
          b. FSC-certified wood for framing lumber
                   i. Dimensional studs – 70%
                  ii. Sheathing – 70%
          c. Engineered lumber or steel studs, joists, headers and beams
          d. Optimal value engineering framing
                   i. Door and window headers sized for load
                  ii. Use only jack and cripple studs required for load
          e. Insulation - all ceiling, wall and floor is 01350 certified or no added formaldehyde
          f. Durable roofing options – no shingle roofing or 3-year subcontractor guarantee
          g. Moisture shedding and mold avoidance
                   i. Bathroom fans in all bathrooms, exhausted to outdoors, and equipped with
                      controls
   4. Systems (36 points)
          a. Passive solar heating
                   i. Shading on all south-facing windows to allow sunlight in winter, not
                      summer
          b. Air conditioning with advanced refrigerants - Install with non-HCFC refrigerants
          c. Low-mercury lamps
                   i. For linear fluorescent
                  ii. For compact fluorescent
          d. Light pollution reduction
                   i. Exterior luminaires emit no light above horizontal or are dark sky certified
                  ii. Control light trespass onto neighboring areas
          e. Elevators – Gearless elevators are installed



AMCAL Multi-Housing                                                             Section 4: Experience
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

          f. Energy Star appliances
                  i. Refrigerators – Energy Star qualified
                 ii. Dishwashers – Energy Star qualified, less than 6.5 gallons per cycle
                iii. Clothes washers
          g. Central laundry
          h. Water-efficient fixtures
                  i. Showerheads use less than 2.0 gallons per minute
                 ii. Toilets use less than 1.28 gpf or dual flush
                iii. Flow limitrs or flow control valves – kitchen, bathroom
          i. Source water efficiency – submetered for each unit
   5. Finishes and furnishings (24 points)
          a. Entryways – permanent walk-off systems at entrances and in common areas
          b. Low/No-VOC paints and coatings – all residences and non-residential areas
          c. Zero-VOC interior paints – all residences and non-residential areas
          d. Low-VOC wood coatings – all residences and non-residential areas
          e. Low-VOC wood stains – all residences and non-residential areas
          f. Low-VOC construction adhesives
          g. Environmentally preferable materials for interior finish – cabinets, interior trim,
             shelving, doors, countertops
          h. Reduced formaldehyde in interior finish materials – cabinets, interior trim,
             shelving
          i. Environmentally preferable flooring – 75% of floor area
          j. Low-emitting flooring
                  i. Residences – meets section 01350 or CRI Green Label Plus requirements
                 ii. Non-residential areas – meets section 01350 or CRI Green Label Plus
                     requirements
          k. Furniture and outdoor play structures
                  i. Play structures and surfaces have recycled content greater than 20%
                 ii. Environmentally preferable exterior site furnishings
          l. Vandalism deterrence – resistant finishes and strategies
   6. Other (4 points)
          a. Incorporate GreenPoint Checklist in blueprints
          b. Operations and maintenance manuals – to building staff and occupants
          c. Vandalism management plan – post-occupancy




AMCAL Multi-Housing                                                           Section 4: Experience
City of El Cerrito                                        June 21, 2010
Redevelopment Agency                 Residential Mixed Use Development

B. Architect: Steinberg Architects




AMCAL Multi-Housing                               Section 4: Experience
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development


C. Contractor: AMCAL General Contractors

AMCAL General Contractors, an affiliate of AMCAL Multi-Housing, will be the general
contractor for the Fountain Valley development. Major trades and finish trades are completed by
qualified sub-contractors, who work under the supervision of AGC’s staff of Construction
Project Managers, Superintendents, and Assistant Superintendents.

AGC holds a State of California General Contractor’s license - B-460688.

AMCAL has built its reputation on the strength and integrity of its construction affiliate,
AMCAL General Contractors (AGC), which constructs all of AMCAL’s projects. One of
AMCAL’s critical success factors is its ability to aggressively control costs by having general
contracting in-house. This allows AMCAL to control construction schedule and budgets, rather
than ceding control to an outside general contractor. This eliminates the need to return to
agencies for additional funds for unforeseen cost overruns precipitated by third-party
construction and to use funds wisely on good design and quality materials, labor and
construction.

Every AMCAL project, since the company began development of affordable housing in 1998,
has been constructed on time and within budget. No AMCAL projects have ever been abandoned
for lack of financial resources.

TCAC requires that developments meet several strict milestones in order to receive tax-credit
funding: Receive building permits five months after receiving the allocation of tax credits, and
complete construction 18 months after receiving building permits. All 32 of AMCAL’s tax-credit
affordable developments have met all of those milestones, and development has been completed
on time.

As a result of AMCAL’s demonstrated ability to construct within set budgets, many financial
institutions have actively sought repeat business partnerships with AMCAL. SunAmerica
Affordable Housing Partners has financed 20 developments. California Community
Reinvestment Corporation has financed the permanent loan for 19 developments. California
Bank and Trust has financed the construction loan on 11 developments, and Washington Mutual
(now Chase) has financed the construction loan on five developments. Union Bank of California,
Wells Fargo Bank and Hanmi Bank each has financed the construction loan on two projects.

On all 39 funded TCAC applications since 1998, AMCAL received 100% of possible points. In
addition, AMCAL never has received negative points, which are penalties given to applicants for
failure to perform upon previous allocations of funds.

TCAC requires economical budgets in order to win allocations of the competitive tax credits, and
those budgets cannot be increased after the initial allocation. Projects must be completed within
the submitted budget because no sources are ready available for subsequent cost increases or
overruns. AMCAL’s in-house construction staff has the expertise to correctly estimate costs,




AMCAL Multi-Housing                                                            Section 4: Experience
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

based on the completion of many similar projects, and the experience to manage construction
sites with talented project managers and supervisors.

AGC makes worker safety a priority through jobsite training sessions, competent supervision and
regular inspections. As a result, only one worker has been injured in the past three years, which
required a notification of “recordable injury” to OSHA.

The following 34 developments, with total construction budgets of $369,350,000, were
completed on time and within budget:

Project                               Completion        Units          Term               Budget
The Groves condominiums                    1998           91       15 months         $17,000,000
Positano family apartments                 1999          118       15 months         $ 5,975,000
Sorrento Villas senior apartments          2000          148       15 months         $ 9,084,000
Casablanca family apartments               2000          200       15 months         $12,158,000
Casa Grande farmworker apartments          2001           81       15 months         $ 6,013,000
Serenity Villas senior apartments          2002          174       15 months         $ 9,640,000
Castelar family apartments                 2003          101       15 months         $ 9,111,000
Casa Figueroa family apartments            2003           49       14 months         $ 5,003,000
Portofino Villas senior apartments         2005          174       15 months         $10,439,000
Casa Bella family apartments (Ph. Ia)      2005           96       15 months         $ 8,224,000
Casa Bella family apartments (Ph. Ib)      2005           80       15 months         $ 7,124,000
Camino al Oro senior apartments            2006          102       14 months         $ 7,442,000
Tesoro del Valle family apartments         2006          121       16 months         $11,951,000
Las Brisas family apartments               2006           66       14 months         $11,821,000
Casa La Paz family apartments              2006           61       14 months         $10,150,000
Casa Bella family apartments (Ph. II)      2007          112       14 months         $10,338,000
Puerta del Sol condominiums                2007          165       16 months         $27,270,000
Flores del Valle family apartments         2007          146       15 months         $26,882,000
Maywood Villas senior apartments           2007           54       15 months         $ 5,975,000
Temple Villas family apartments            2007           52       15 months         $ 7,241,000
Villa Escondido family apartments          2007           81       14 months         $ 7,494,000
Sommerset Place family apartments          2007           96       16 months         $ 8,162,000
Villa Esperanza family apartments          2008           81       14 months         $ 9,385,000
Valle del Sol family apartments            2008           72       15 months         $ 7,810,000
Sandstone family apartments                2008           69       15 months         $ 8,100,000
Casa de Angeles family apartments          2008           49       14 months         $ 9,754,000
Villas Las Americas family apartments      2008           55       15 months         $12,585,000
Villas del Lago family apartments          2008           74       16 months         $14,356,000
Cielo Azul senior apartments               2008           81       15 months         $ 8,905,000
Brookfield family apartments               2009           58       16 months         $ 6,219,000
Villa Serena family apartments             2009           85       18 months         $21,560,000
Los Vientos family apartments              2009           89       16 months         $18,002,000
Palo Verde Terrace senior apartments       2009           78       15 months         $ 6,091,000
* Andalucia family apartments              2010           75       14 months         $14,087,000
* Santa Fe family apartments               2011           56       14 months         $ 7,002,000



AMCAL Multi-Housing                                                            Section 4: Experience
City of El Cerrito                                                        June 21, 2010
Redevelopment Agency                                 Residential Mixed Use Development

* Cordova family apartments              2011   81    15 months         $ 8,511,000
* Mosaic family apartments               2011   56    15 months         $10,962,000
* Montecito Terraces senior apartments   2011   98    16 months         $12,601,000
* Mirandela senior apartments            2011   34    14 months         $ 6,269,000
* Royale family apartments               2011   36    15 months         $ 9,240,000
* Summer Hill family apartments          2011   50    14 months         $ 5,047,000

* - under construction




AMCAL Multi-Housing                                               Section 4: Experience
City of El Cerrito                                                                 June 21, 2010
Redevelopment Agency                                          Residential Mixed Use Development

D. Asset management: AMCAL Management

Experience

AMCAL maintains ownership of all 29 of its affordable housing developments with 2,500 units
under management. AMCAL is required to own these developments for no less than 15 years
(and maintain them as affordable for 55 years) and has selected companies with ample
professional experience and expertise in affordable housing.

Project name                          City         Type    Units       Year       Value/cost
Positano             Goleta (Sta. Barbara)       Family     118        1999      $10,200,000
Sorrento Villas               Simi Valley        Senior     148        2000      $10,900,000
Serenity Villas                   Pomona         Senior     148        2000      $14,400,000
Casablanca                       Palmdale        Family     200        2000      $17,400,000
Casa Grande                     Coachella    Farmworker      81        2001      $ 9,500,000
Castelar                     Los Angeles         Family     101        2003      $12,963,000
Casa Figueroa                Los Angeles         Family      49        2003      $ 8,195,000
Portofino Villas                  Pomona         Senior     174        2005      $17,980,000
Las Brisas                   Los Angeles         Family      66        2006      $11,200,000
Casa La Paz                     Coachella        Family      61        2006      $10,500,000
Casa Bella (Ph. 1a)            Victorville       Family      96        2006      $12,600,000
Casa Bella (Ph. 1b)            Victorville       Family      80        2006      $10,672,000
Casa Bella (Ph. 2)             Victorville       Family     112        2006      $15,238,000
Camino al Oro                Los Angeles         Senior     102        2006      $14,009,000
Tesoro del Valle             Los Angeles         Family     121        2006      $21,000,000
Flores del Valle             Los Angeles         Family     146        2007      $28,300,000
Temple Villas                Los Angeles         Family      52        2007      $12,925,000
Maywood Villas                  Maywood          Senior      54        2007      $ 7,907,000
Villa Escondido     Orange Cove (Fresno)         Family      81        2007      $12,925,000
Sommerset                     Sacramento         Family      96        2007      $15,305,000
Valle del Sol                     Brawley        Family      72        2008      $11,313,000
Villa Esperanza       Avenal (Kings Co.)         Family      81        2008      $12,657,000
Sandstone                          Fresno        Family      69        2008      $12,589,000
Casa de Angeles              Los Angeles         Family      49        2008      $16,537,000
Villas del Lago              Los Angeles         Family      74        2008      $25,377,000
Villas Las Americas          Los Angeles         Family      55        2008      $19,434,000
Cielo Azul                       Palmdale        Senior      81        2008      $13,315,000
Brookfield Place                  Oakland        Family      58        2009      $12,435,000
Villa Serena                 Los Angeles         Family      85        2009       $31,800,00
Los Vientos                     San Diego        Family      89        2009      $31,438,000
Palo Verde Terrace               Palmdale        Senior      78        2009      $11,854,000




AMCAL Multi-Housing                                                        Section 4: Experience
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

AMCAL has partnered with property management companies Solari Enterprises (Orange), John
Stewart Company (Los Angeles), FPI Management (Folsom) and Brackenhoff Management
Group (Carson) for its affordable housing developments. All of these firms are among the most
experienced in the management of Section 42 Low-income Housing Tax Credit properties with
involvement in the Housing Credit program. They manage projects in northern California,
central California, and southern California.

AMCAL Management is sensitive to the special issues associated with managing affordable
projects and will provide an on-site manager to address daily issues and leasing. This manager
will live in the development providing a critical first response ability to any issues that could
potentially arise. Additionally, AMCAL is experienced in low-income housing compliance
monitoring per the requirements of Section 42, which provides protection for the owners and
financers of a development – including public agencies.

All units are reserved for low-income households, as defined by specific rent and income limits.
TCAC regulations require that the tenant base for the development earn between 30%-60% Area
Median Income (in accordance with Section 42). Due to these stringent regulations and the
required documentation to verify income, unlike a non-regulated market rate project,
management is able to select and maintain tenants that adhere to the rules and guidelines set forth
for the project. This creates an affordable and safe living environment for working families.

Marketing to targeted populations must comply with Fair Housing laws, and AMCAL ensures
that by publicizing the new development in advance over a wide geographic areas and
demographic populations. In order to assist the community in which the new housing will be
built, AMCAL has launched niche marketing to various geographic and demographic groups,
along with the overall marketing, to ensure that they receive application information early in the
process and offer them the ability to benefit from the housing. Specialized media, proactive
outreach and community events are used to reach targeted populations.




AMCAL Multi-Housing                                                              Section 4: Experience
City of El Cerrito                                                                                                           June 21, 2010
Redevelopment Agency                                                                                    Residential Mixed Use Development


   Firm Experience

   Design Approach to Senior Living Environment
   Steinberg Architects’ practice was founded on custom residential design work. At its inception
   in 1953, the firm designed custom homes for Silicon Valley executives. This work set a prec-
   edent for our understanding of resident comfort, quality of life, and fine detailing. As the firm
   grew from a few employees to more than 130, it branched out into high-end condominium
   projects, then multifamily housing of all types—culminating in a multi-family housing design
   studio that has cultivated a national reputation in senior, affordable, and student housing.
   For more than 20 years, Steinberg Architects’ senior housing team has developed master
   plans and building designs for all levels of senior care facilities, including affordable and
   luxury independent apartments, assisted living, skilled nursing facilities, and continuing care     Steinberg Architects San Jose Office
   retirement communities. Through a thoughtful planning and design process, we work to
   ensure that these facilities embrace the enabling philosophies and technologies that help older     FIRM
   adults maintain independence for as long as possible. In addition to the specialized services       60 Pierce Avenue
                                                                                                       San Jose, California 95110
   often required: onsite care, wellness centers, and dining, Steinberg Architects focuses on strong   Phone: 408.295.5928
   connections to community, diverse recreational and social options, and integration of outdoor       Fax: 408.295.5928
   environments into the daily lives of seniors.
                                                                                                       98 Battery Street, Ste. 300
   Our clients enjoy quality design with adherence to strict budget and time controls. A respect       San Francisco, California 94111
   for our clients’ program objectives and our responsive attitude enables us to develop unique        Phone: 415.683.2000
   solutions at a realistic level. Our extensive knowledge of senior industry trends, building         Fax: 415.683.2001

   codes and ordinances and our ability to communicate our clients’ needs to local planning and
                                                                                                       523 West 6th Street, Ste. 245
   approval boards result in consistently successful program completions, both economically and        Los Angeles, California 90014
   aesthetically. We have the ability and design resources to respond to the widest possible range     Phone: 213.629.0500
   of challenges.                                                                                      Fax: 213.629.0501

   We believe that successful projects involve more than sensitive design. The architect must          133 Xin Geng Road, Ste. 801
   manage many diverse groups, coordinate consultants, meet schedule deadlines, and maintain           Shanghai, P.R. China 200030
   budgets as well as quality. Our project team works together throughout the planning process to      Phone: +86.21.3368.6860
                                                                                                       Fax: +86.21.3368.6861
   ensure continuity and consistency and to aid the client and consultants in achieving a superior
   product. We particularly excel in gaining consensus within large group committees.
                                                                                                       www.steinbergarchitects.com
   Steinberg Architects’ senior housing experience includes the planning and design of nearly
   2000 residential units dedicated to senior living of all income levels throughout the state in
   recent years. The extensive experience and in-depth knowledge in designing affordable living
   facilities for skilled-nursing, assisted living, and independent living adults through tax-exempt
   bond financing, tax credits, and private donations are highlighted in the following project
   examples that Steinberg Architects has successfully developed for our clients. Perhaps our
   experience can be summarized under these four major themes; with project sheets provided in
   the following pages:
     1. Building Partnerships for Affordable Senior Living
     2. Re-imaging a Place through Architecture
     3. Creating a Destination
     4. Redefining Senior Living




AMCAL Multi-Housing, Inc.                                                                                                   Section 4: Experience
City of El Cerrito                                                                                                              June 21, 2010
Redevelopment Agency                                                                                       Residential Mixed Use Development

                                                  • Building Partnerships for Affordable Senior Living
SELECTED HOUSING EXPERIENCE
                                                   Creating affordable housing for seniors is a meaningful and rewarding endeavor, yet it can
Taube-Koret Campus for Jewish Life
                                                   also be extremely difficult to accomplish. Understanding the available funding sources,
Carlsbad by the Sea
Classic Residence by Hyatt in Palo Alto
                                                   navigating the incredibly complex maze of government procedures and regulations, and
Pacific Shores Apartment                            staying abreast of the ever-changing industry ground rules can be challenging to the best of
Claremont Manor                                    planners.
Avenida España Gardens                             Built in 1949 in the City of Claremont and has since become a community landmark in this
Parkview Regent                                    college town, Claremont Manor is a 15-acre continuing care retirement community that has
Terrace Gardens                                    the durability and flexibility for a modern senior living environment. Steinberg Architects
Alta Torre
                                                   was challenged to design a new 59-bed care center, expand the assisted and independent
The Covington
                                                   living facilities and build a new wellness center – all must conform to the existing New
Willow Glen Way
                                                   England-style brick buildings that define the community and reflect the collegiate feel
Pilgrim Haven
                                                   and hospitality of the entire community. Steinberg Architects played a major role in the
Avalon at Cahill Park
City Heights at Pellier Park
                                                   entitlement process which included approvals from the City’s Planning Department and
Town Park Tower                                    Architectural Review Commission. Our in-house OSHPD expert worked closely with all
Vintage Tower                                      agency staff and OSHPD in the South Region.
Irvine Apartment Communities                       Developed to satisfy the demand for affordable senior housing for the County of Santa Clara
Lakeshore East Parkhomes                           County, Avenida España Gardens is a unique example of a successful public partnership
Market Gateway
                                                   between the Morgan Hill Unified School District and the Santa Clara County Housing
Park Townsend
                                                   Authority. The 84-unit apartment complex was built on an available school site for seniors
Fountain Park Apartments
                                                   with low to moderate incomes. With limited funds, the Housing Authority and Steinberg
Ryland Mews
                                                   Architects agreed that the needs and interests of the senior tenants would be best served
Esplanade
Markethouse Lofts
                                                   by keeping the resident units simple while emphasizing public areas and amenities. These
Rose Garden                                        amenities include a community room, library, laundry facilities, individual locked mailboxes,
Pacific Garden Place                                pool table, and fully landscaped exteriors.
Winchester Apartments                              The Parkview Regent is a 105-unit affordable housing senior complex that blends
Pavona                                             contemporary design with personalized care in gracious surroundings and is located next
YWCA Villa Nueva
                                                   to community amenities such as the Pleasanton Senior Center and a full- service grocery.
Kensington Place
                                                   The project includes an Assisted Living Community that features studios, one-bedroom
Bay Oaks Community Housing
                                                   and two-bedroom apartments; a Memory Care Program consists of studio apartments
Cerro Plata
                                                   for residents with Alzheimer’s disease and similar conditions, and 31 units specifically for
Park View Towers
Harvest Inn
                                                   low-income seniors. As quoted in the Tri-Valley Herald on September 25, 2005, “The most
Hyatt Rickey’s                                     compelling thing about Parkview Regent is that the City and Community worked together,
Millennium Silicon Valley                          with an incredible amount of perseverance over a a 10-year period. It’s a model not just for
1800 Pacific Coast Highway                          Pleasanton, but for the State and Nationwide.”
El Parador
DeRose Gardens
Morrone Gardens                                   • Re-imaging a Place through Architecture
Crane Place                                        Such a large volume of Steinberg Architects’ work has been set in challenging environments
Bachelor Enlisted Quarters Housing at the Great    which require us to have strong fundamental principles in creating a sense of place. The
Lakes Naval Training Center                        same spirit animates the firm’s work in the Terrace Gardens project.
Manor Care
                                                   Terrace Gardens, a 153-unit affordable senior apartment community was developed as a
Greenhills
                                                   response to demands from a growing senior population in the City of Milpitas. The soaring
                                                   housing costs in the City has made it difficult for many seniors to find suitable housing. The
                                                   City wanted to create an affordable housing community that complemented the environ-
                                                   ment architecturally, and one that would become a symbol of civic pride. Ultimately, the
                                                   design was a departure from traditional government led senior housing communities that
                                                   lacked a sense of place. Our design of large interior garden plazas served as a symbol of a
                                                   cohesive community and draw residents out of their apartments with Al Fresco dining, a
                                                   multi-purpose center, and a ceremonial gathering space. The landscaped green courtyards
                                                   provide a visual splendor for residents strolling along the pedestrian walkways, creating a
                                                   tranquil journey. Internally, a central thoroughfare is filled with natural daylight through its




AMCAL Multi-Housing, Inc.                                                                                                    Section 4: Experience
City of El Cerrito                                                                                                           June 21, 2010
Redevelopment Agency                                                                                    Residential Mixed Use Development

     double-height ceilings, with living rooms, activity centers and dining facilities purposefully
                                                                                                       SELECTED RESIDENTIAL
     placed to yield interaction spaces.
                                                                                                       HONORS & AWARDS
                                                                                                       2010 AIA East Bay, Exceptional Residential Bay Area
                                                                                                       Regional Design Awards
    • Creating a Destination                                                                           Taube-Koret Campus for Jewish Life
     The desire to transform a senior living community into a destination is best illustrated
     by Steinberg Architects’ work on the Carlsbad by the Sea project, a front-porch senior            2009 Structures Awards, Mixed-Use Project of the
     living style along the Pacific Ocean shores in the boutique town of Carlsbad, just north of       Year
                                                                                                       Taube-Koret Campus for Jewish Life
     San Diego. In another time, it was a famous seaside resort, and many visitors remember
     vacationing on Carlsbad shores as children. Now, after being home to generations of retired
                                                                                                       2009 Structures Awards, Redevelopment/Reuse
     persons who have loved its classic style and idyllic location, Carlsbad by the Sea has created    Project of the Year
     itself anew while paying tribute to the past.                                                     Taube-Koret Campus for Jewish Life

     As the first major project to be developed along the oceanfront, our design team from the
                                                                                                       2009 Design for Aging Review, American Institute
     onset instituted a community outreach program that engaged neighbors and local businesses         of Architects & American Association of Homes and
     to develop a successful design that the entire community could be proud of. The result was        Services for the Ages, Award of Merit
     the development of 245,000 square feet of senior living space, common areas and other             Taube Koret Campus for Jewish Life
     amenities, such as 14 residence units for the Assisted Living program, a 33-bed Care Center
     offering round-the-clock professional nursing, a major dining area, wellness/pool facility        2009 American Architecture Awards
                                                                                                       Twin Oaks
     with retail, common outdoor terrace overlooking the ocean for visiting families. All in all,
     the design promotes a healthy lifestyle by providing outdoor walking paths, direct beach          2009 Gold Nugget Award, Pacific Coast Builders
     access, and close proximity to shopping and dining in Carlsbad village. Today, the senior         Conference/Builder Magazine, Outstanding
     community at Carlsbad is one of the most recognized continuing care destinations in the           Attached Project
     country.                                                                                          Altaire

                                                                                                       2009 Gold Nugget Award, Pacific Coast Builders
    • Redefining Senior Living                                                                         Conference/Builder Magazine, Sustainable
                                                                                                       Residential Neighborhood—Attached
     The notion of architecture as a response has led to many significant innovations in senior        Altaire
     living planning and design. With an aging population and the growing demands for choice,
     senior housing has gone through a dramatic transformation as a building type that requires        2008 Innovation Award, NAHB Best of 50+ Housing,
     a unique response in its planning and design. Seniors today demand to live not in seclusion,      Small CCRC - On the Boards
                                                                                                       Taube Koret Campus for Jewish Life
     but to be part of the social fabric of our community, and to celebrate the luxury of life in
     comfort, security, and dignity.
                                                                                                       2008 Silver Award, NAHB Best of 50+ Housing
     Steinberg Architects’ work on Taube Koret Campus for Jewish Life in Palo Alto is a direct         Awards, Assisted Living Residences - Overall
                                                                                                       Facilities
     response to this demand: an in-fill, mixed-use, inter-generational senior living campus that
                                                                                                       Parkview Assisted Living
     encourages active senior living and foster interactions between children, parents, grand-
     parents, and members of the public. Through the multiple charrette sessions that Steinberg        2008 Gold Award, NAHB Best of 50+ Housing
     Architects coordinated with stake-holders, community leaders, and industry experts over           Small CCRC—On the Boards
     the course of the project, we collectively developed ideas that have redefined the notion of      Taube Koret Campus for Jewish Life
     senior living and the role of retirement communities. The 435,000 s.f. development features
                                                                                                       2006 Firm Award, The American Institute of
     193 residential units for both assisted and independent living, a 45,000 sf sports and wellness
                                                                                                       Architects Santa Clara Valley Chapter
     center, indoor/outdoor pools, a 20,000 s.f. performing arts center, and an array of services      Pacific Shores
     and amenities for dining, entertainment, education, arts and culture, and even a beauty
     salon. Most prominent on the campus are the multiple outdoor communal spaces for differ-          2006 Commendation Award, The American Institute
     ent kinds of gatherings for both campus residents and members of the public. Considered           of Architects Santa Clara Valley Chapter
                                                                                                       Classic Residence by Hyatt in Palo Alto
     as a “one-of-a-kind” project in the nation, the true integration of the multiple generations
     exhibited in the Taube Koret Center for Jewish Life project is gaining in popularity and is
                                                                                                       2006 Commendation Award, The American Institute
     quickly becoming a model for urban senior communities in the US. The Taube Koret Center           of Architects Santa Clara Valley Chapter
     for Jewish Life in Palo Alto- as depicted through beautiful and meaningful architecture - is a    Pacific Shores Apartments
     true celebration of life’s journey.
                                                                                                       2006 Gold Nugget Grand Award, Pacific Coast
                                                                                                       Builders Conference/Builder Magazine, Best Senior
                                                                                                       Housing (Attached) Project
                                                                                                       Classic Residence by Hyatt in Palo Alto




AMCAL Multi-Housing, Inc.                                                                                                   Section 4: Experience
City of El Cerrito                                                                                                         June 21, 2010
Redevelopment Agency                                                                                  Residential Mixed Use Development




Year Completed     2003
                                            Claremont Manor
Cost               $18,000,000              Claremont, California
Size               Skilled Nursing
                     Fac.: 57,000 SF        Claremont Manor is a 15-acre continuing care retirement community that has the ambience
                   Assisted Living Fac.:    of an upscale home while maintaining the durability and flexibility necessary for a modern
                     28,000 SF
                                            senior living environment. The development, built in 1949, is a community landmark in the
                   Indep. Living Fac.:
                     23,000 SF              City of Claremont that combines the stately ambiance of the nearby college campuses with
                   Cottages: 30,000 SF      21st century amenities and services. Placid gardens, majestic elm trees and New England-style
Program Elements   206 Independent & 45     brick buildings reflect the collegiate feel and hospitality of the entire community.
                    Assisted Living Units
                   59-Bed Care Center       The layout revolves around a courtyard, but introduces separate activity courts for the
                   Wellness Center          outpatient physical therapy area and resident activities. Vehicular and pedestrian circulation
                   Dining Facilities        patterns were reorganized and key “Garden Nodes” were introduced as destination points.
                                            The central challenge of this project was fitting new buildings into the Claremont Village
                                            context while adhering to design requirements comparable to city design guidelines. Design
                                            elements from the existing manor hall were utilized for the community, which includes a new
                                            59-bed care center, expansion of its assisted living and independent living facilities, and a new
                                            wellness center. Specialized brick was incorporated to provide consistency with the campus
                                            buildings and to create a new entry to the back of the campus.




AMCAL Multi-Housing, Inc.                                                                                               Section 4: Experience
City of El Cerrito                                                                                                            June 21, 2010
Redevelopment Agency                                                                                     Residential Mixed Use Development




   Avenida España Gardens                                                                             Year Completed      1993

   San José, California                                                                               Cost                $9,000,000
                                                                                                      Size                84 Units
   This 84-unit apartment complex provides affordable housing for seniors with low to moderate
                                                                                                      Program Elements    Affordable Housing
   incomes. The site is adjacent to a future city park and includes a multi-purpose hall, a meeting
                                                                                                                          Community Facilities
   room, a library, and community facilities. The project was jointly developed by the Santa Clara                        Library
   County Housing Authority and the Morgan Hill Unified School District, and included active                              Meeting Room
                                                                                                                          Multi-Purpose Hall
   participation by City Council members, City staff, and local neighborhood groups. Avenida
                                                                                                                          Senior Independent Living
   España was awarded the Gold Seal Award by the National Association of Home Builders as the                             Tax-Credit Financing
   best affordable senior housing project.                                                                                Dining Facilities




AMCAL Multi-Housing, Inc.                                                                                                Section 4: Experience
City of El Cerrito                                                                                                       June 21, 2010
Redevelopment Agency                                                                                Residential Mixed Use Development




Year Completed     2007
                                          The Parkview
Cost               $14,000,000            Pleasanton, California
Size               93,000 SF
                   105 Units              This 105-unit senior assisted living facility was designed to blend into an existing community
                                          park and senior community center. The facility is divided into wings that cluster around
Program Elements   30% Affordable
                   Alzheimer's Division   courtyards which each offer a unique pedestrian experience, landscaping, and scale. The wings
                   Assisted Living &      form a series of cul-de-sac environments that are reminiscent of a residential environment. The
                    Alzheimer Units
                                          largest and most centrally located courtyard is really an extension of the adjacent community
                   Dining Facility
                   Exam Rooms             park.
                   Pharmacy
                   Tax-Credit Financing   The facility was LEED® Certified at the Silver Level. It features bioswales to reduce and treat
                   LEED® Silver           run-off stormwater, and maximizes the use of local and recycled building materials.
                                          The Parkview’s entitlement and approval process included approvals from the City Planning
                                          Department and a City-appointed assisted living subcommittee. Steinberg Architects was not
                                          involved with obtaining approvals/licensing with the California Department of Social Services.
                                          This approval process was handled by the client.




AMCAL Multi-Housing, Inc.                                                                                             Section 4: Experience
City of El Cerrito                                                                                                          June 21, 2010
Redevelopment Agency                                                                                   Residential Mixed Use Development




   Terrace Garden                                                                                     Year Completed        1988

   Milpitas, California                                                                               Cost                  $10,000,000
                                                                                                      Size                  153 Units
   This award-winning, 153-unit senior apartment complex is located on a 5-acre site, adjacent to                           5 Acres
   the urban center of Milpitas. The complex consists of 2-, 3-, and 4-story buildings that provide
                                                                                                      Program Elements      Senior Housing
   eastern views of the Diablo Mountain Range. The living units embrace a central, landscaped                               2-4 Story Buildings
   setting for active recreational activities and are linked by covered arcades that also provide                           Dining, Recreational &
                                                                                                                              Administration Facility
   security and separation from major automobile and rail corridors that border the site. The
   complex also includes an 8,500-SF communal dining, recreation, and administration facility.




AMCAL Multi-Housing, Inc.                                                                                                Section 4: Experience
City of El Cerrito                                                                                                         June 21, 2010
Redevelopment Agency                                                                                  Residential Mixed Use Development




Year Completed     1998
                                            Carlsbad by the Sea
Cost               $32,000,000              Carlsbad, California
Size               245,000 SF
                   172 Units                This retirement community was built on the site of a famous seaside resort. The new Carlsbad
                                            By The Sea replicates the unique mission-style architecture of the original 1929 structure and
Program Elements   Senior Housing &
                    Assisted Living         continues the long tradition of resort-style living with emphasis on health and wellness. The
                   Tax-exempt bond          facility’s Assisted Living program has 14 residences, and the facility’s 33-bed Care Center offers
                     financing
                                            round the clock professional nursing; rehabilitative therapies like physical, occupational, and
                   Infill Expansion and
                     Contextual Design      speech therapy; and specialized restorative nursing programs. Physical and Occupational
                   Commercial Kitchen &     Therapy are available for the entire community.
                     Dining Facility
                   OSHPD involvement -      The primary challenge of this project was tying together three contiguous parcels into a
                     skilled nursing        cohesive community. Our solution was to create three destination points: the main building
                   Senior Wellness Center
                     & pool facility        with a dining focus, the beachfront with an ocean terrace, and the across-the-street parcel with
                   Landscaped Courtyard     a wellness/pool facility and retail.
                   Variety of Residential
                     Units                  The design includes common areas for the residents to socialize. The dining space has an open
                   Wellness Center          display kitchen and includes private dining rooms for special events and small intimate alcoves
                                            and banquet seating for a more casual dining experience. Other common areas include an arts
                                            & crafts room, coffee bar, pool facility, and a multi-purpose room. The design encourages and
                                            promotes a healthy lifestyle by providing outdoor walking paths, direct beach access, and close
                                            walking proximity to shopping and dining in Carlsbad Village.



AMCAL Multi-Housing, Inc.                                                                                               Section 4: Experience
City of El Cerrito                                                                                                          June 21, 2010
Redevelopment Agency                                                                                   Residential Mixed Use Development




   Taube Koret Campus for Jewish Life                                                                 Year Completed        2009

   Palo Alto, California                                                                              Cost                  $178,000,000
                                                                                                      Size                  182 Independent Living
   The Taube Koret Campus for Jewish Life (TKCJL) is a highly complex, urban mixed-use project                               Units
   that will serve as a unique intergenerational campus for the local and regional Jewish com-                              11 Memory Support
                                                                                                                            Units
   munity. The facility, which was masterplanned and designed by Steinberg Architects, includes
                                                                                                                             12.5 Acres
   a new 135,000-SF Jewish Community Center (JCC); independent and assisted living residences
                                                                                                      Program Elements      Senior Housing &
   for seniors developed by the Jewish Home; regional headquarters for Jewish Community
                                                                                                                             Assisted Living
   Federation; and offices for other non-profits serving the Jewish Community. Four acres of the                            Auditorium
   parcel will be developed by BRIDGE Housing and Bridge Urban Infill Land Development into                                 Condominiums
                                                                                                                            Cultural Arts Facility
   159 residential units including 1-, 2- and 3-bedroom condominiums and low income senior
                                                                                                                            Early Child Education
   rental. The JCC will include a state-of-the-art fitness facility, early childhood and school age                         Sports & Wellness
   education programs, cultural arts center, adult meeting spaces including a library and resource                           Complex
                                                                                                                            Indoor & Outdoor Pools
   center, a teen center, a spa, café and gift shop.
                                                                                                                            Offices
   Through its diverse programmatic mix, the new JCC will invite the broader community to                                   Fine & casual restaurant
                                                                                                                             -style dining
   participate in extensive educational, social, cultural and recreational opportunities offered in                         LEED® Silver certified
   a Jewish context, including enhanced programs and services in early childhood education,
   after-school care, day camps and enrichment programs for children; family activities; as well as
   extensive offerings for adults and teens.




AMCAL Multi-Housing, Inc.                                                                                                Section 4: Experience
City of El Cerrito                                                                                                         June 21, 2010
Redevelopment Agency                                                                                  Residential Mixed Use Development




Year Completed     2006
                                              Classic Residence by Hyatt Palo Alto
Cost               $191,000,000               Stanford, California
Size               1,000,000+ SF
                   22.4 Acres                 Classic Residence by Hyatt in Palo Alto is a continuing care community that features private
                   388 Units Independent      accommodations for residential assisted living, Alzheimer’s/memory support care, and skilled
                     Living
                                              nursing care. The facility provides a continuum of care from independent to skilled nursing
                   38 Units Assisted Living
                   44 Units Skilled Nursing   including 2 clusters that care for the memory impaired. The wide range of unit types, sizes, and
                   24 Units Dementia          configurations is unique and facilitates a diverse population, which culminates in a vibrant and
Program Elements   Senior Housing &           interesting community. The broad spectrum of spaces supports a variety of activities, prefer-
                    Assisted Living           ences, and needs.
                   Multipurpose Theater
                   Multiple kitchens and      Indoor areas are integrated with outdoor areas by locating common areas on the ground
                    dining facilities         floor. The facility is organized around a loggia that leads from the living room to a covered
                   OSHPD Involvement -
                   skilled nursing            seating area by the creek. The loggia is a vital streetscape in which various activities can be
                   Wellness Center & Pool     seen through glass windows. The variety of experiences from private to passive social or active
                                              interaction is designed to stimulate interest and involvement in the community. A series of
                                              courtyards that range from open to more protected, offer a variety of outdoor environments
                                              ranging from a cottage garden to an urban streetscape. These courtyards provide appropriate
                                              levels of security and privacy based on the frailty or acuity of the residents.




AMCAL Multi-Housing, Inc.                                                                                               Section 4: Experience
City of El Cerrito                                                                                                           June 21, 2010
Redevelopment Agency                                                                                    Residential Mixed Use Development




   Alta Torre                                                                                          Year Completed        Late 2010

   Palo Alto, California                                                                               Cost                  $22,900,000
                                                                                                       Size                  56 Units
   Fabian Way Affordable Senior Housing will provide 56 high-quality apartments for very-low-                                4 Acres
   income seniors as part of a larger development in south Palo Alto. The senior housing will                                643-1,775 SF/Unit
   feature four floors of residential and common space with such amenities as a courtyard, air         Program Elements      Senior Housing
   conditioning, private and public decks and landscaping throughout. This development will be                               Courtyard
   complemented by three acres of for-sale townhomes and flats at 901 San Antonio Road and the                               Public Spaces
   Taube-Koret Campus for Jewish Life, a new nine-acre, $250 million development of assisted
   living for seniors, a recreational facility and a community center. Together, these entities will
   transform the formerly abandoned site into an exciting new pedestrian-oriented, mixed-use,
   mixed-income community offering a dynamic array of recreational, educational and other
   services available to both residents and the greater community.




AMCAL Multi-Housing, Inc.                                                                                                 Section 4: Experience
      Team Cerrito
City of El Resumes                                                                                                                       June 21, 2010
Redevelopment Agency                                                                                                Residential Mixed Use Development


                                                            Rob Steinberg, FAIA
                                                            Project Responsibility: Design Principal
                                                            Rob Steinberg is the President of Steinberg Architects, a 100-person architectural firm with
                                                            offices in San Francisco, San Jose, and Los Angeles & China. Rob has served as the firm’s
                                                            president since 1994, and is the second generation leader of a firm founded by his father in
                                                            1953.
                                                            Rob Steinberg is frequently asked to develop workshops and give lectures to special interest and
                                                            community groups. He has conducted workshops for the Urban Land Institute and the Pacific
                                                            Coast Builders Conference on future trends in multifamily development, effective solutions
                                                            to infill development, and revitalization of the urban core. He has also spoken before many
   Years in Practice | 32                                   other organizations, including Residential Multifamily Housing World and the California
   Education                                                Association of Homes and Services for the Aging. As a member of a national committee for the
   Bachelor of Fine Arts in Motion Pictures and             AIA, he wrote a chapter of Density by Design, published by the AIA/Urban Land Institute. He
   Television, New York University Master of                has also lectured at the University of California, Berkeley; Stanford University; and San Jose
   Architecture, University of California, Berkeley Post    State University on housing related issues. He recently was appointed to the City of San Jose’s
   Graduate Management Studies, Harvard Graduate
                                                            Comprehensive Downtown Zoning Plan Task Force which developed a 21st-century zoning
   School of Design
                                                            policy for the continued urban revitalization of one of the nation’s largest cities.
   Registration | California #C11780, Nevada #3785
   Professional Affiliations
                                                            Relevant Experience
   American Institute of Architects, College of Fellows     Taube-Koret Campus for Jewish Life Community          Greenhills Independent and Assisted Senior Living
   | National Council of Architectural Registration         Center & Continuing Care Retirement Community |       Community | Millbrae, California
   Board | Non-Profit Housing Association of Northern        Palo Alto, California                                 Market Gateway Mixed-Use, Urban Residential |
   California (NPH) | Home Builders Association | The       Carlsbad by the Sea Continuing Care Retirement        San Jose, California
   American Chamber of Commerce in Shanghai |               Community | Carlsbad, California                      Park Townsend High-Density, Live/Work, Urban
   University of California at Berkeley Fisher Center for   Classic Residence by Hyatt Continuing Care            Development | San Jose, California
   Real Estate and Urban Economics Policy Advisory          Retirement Community at Stanford University |         Winchester Apartments Urban Infill, Mixed-Use
   Board | Society for College and University Planning      Stanford, California                                  Residential Community | San Jose, California
   |California AIA Political Action Committee | Urban
                                                            Pacific Shores Multifamily and Affordable              Irvine Apartment Communities Masterplanning
   Land Institute, Mixed-Use Urban Design Council
                                                            Apartments | Santa Cruz, California                   for High-Density, Mixed-Use, Urban Residential
   |American Association of Homes & Services for
   the Aging | City of San Jose Design Review Board |       Claremont Manor Continuing Care Retirement            Community | San Jose, California
   City of San Jose Downtown Zoning Plan Task Force         Community | Claremont, California                     Avalon at Cahill Park Mixed-Use, Urban Residential
   | California Architectural Foundation, Board of          Avenida España Affordable Senior Housing              | San Jose, California
   Directors | Governor of the ULI Foundation | City of     Community | San Jose, California                      Vintage Towers Affordable Multifamily Housing with
   San Jose BART Station Design Review Committee |          Parkview Regent Senior Assisted Living Community      Retail/Commercial Space | San Jose, California
   California Architectural Foundation Regent.              | Pleasanton, California                              Park View Towers High-Density, High-Rise,
                                                            Terrace Gardens Independent Senior Housing            Condominiums |San Jose, California
                                                            Community | Milpitas, California                      Markethouse Lofts Multifamily, Urban Infill Housing
                                                            Alta Torre Senior Housing | Palo Alto, California     | San Jose, California
                                                            The Covington Community Center & Continuing           Ryland Mews High-Density Urban Townhomes | San
                                                            Care Retirement Community | Aliso Viejo, California   Jose, California
                                                            Forest Hill Manor, Continuing Care Retirement         Fountain Park Apartments 700-Unit Apartment
                                                            Community Expansion | Forest Hill Manor               Community | Playa Vista, California
                                                            Monte Vista Grove Homes, Historic Senior Housing      Pavona Mixed-Use, Urban Residential Apartments |
                                                            Master Plan | Pasadena, California                    San Jose, California
                                                            Willow Glen Way Affordable Senior Housing             Rose Garden Mixed-Use, Residential Community |
                                                            Community | San Jose, California                      San Jose, California
                                                            Pilgrim Haven Continuing Care Retirement              Esplanade High-Density Mixed-Use, Urban
                                                            Community | Los Altos, California                     Apartments | San Jose, California
                                                            El Parador Affordable Senior Housing Community |      YWCA Villa Nueva Urban Mixed-Use Residential
                                                            San Jose, California                                  Facility & Community Services Complex for Single
                                                            DeRose Gardens Affordable Senior Housing              Mothers & Children | San Jose, California
                                                            Community | San Jose, California                      Kensington Place Urban Apartments | Sunnyvale,
                                                            Morrone Gardens Affordable Senior Housing             California
                                                            Community | San Jose, California                      Bay Oaks Community Housing Affordable Family
                                                            Crane Place Affordable Senior Housing Community       Apartments | East Palo Alto, California
                                                            | Menlo Park, California                              1800 Pacific Coast Highway Mixed-Use Single
                                                            Manor Care Skilled Nursing Community |                Family Housing Community including Retail |
                                                            Sunnyvale, California                                 Redondo Beach, California




AMCAL Multi-Housing, Inc.                                                                                                              Section 4: Experience
City of El Cerrito                                                                                                            June 21, 2010
                                                                                                                                       Team Resumes
Redevelopment Agency                                                                                     Residential Mixed Use Development


Bill Williams, AIA, LEED AP                                 ®


Project Responsibility: Managing Principal
Bill Williams has more than 35 years of architectural design and project management expertise
and has demonstrated success in leading all phases of project development. He is particularly
adept at shepherding projects through the design development phase and gaining entitlement
approvals, and he is committed to building collaborative relationships with the client and
within the project team. For the past 25 years, Bill has specialized in urban, mixed-use housing
developments serving a wide range of demographic groups. These have ranged from urban
mixed-use residential complexes to transitional and low-income housing.

As the Principal managing the day-to-day operation of the project, Bill will apply his skills
and experience to lead and ensure the project will be within budget and on time. His sucess        Years in Practice | 35
in managing a recently completed project in Palo Alto for BRIDGE Housing: Alta Torre, an
affordable apartment housing complex for the older adults of similar size and scope, will be       Education
very applicable to the El Cerrito project.                                                         Bachelor of Architecture, California Polytechnic
                                                                                                   State University, San Luis Obispo
Bill also played a large role as project manager on the 12.5 acre Taube Koret Campus for Jewish    Architectural Research Studies, The Royal Academy
Life in Palo Alto. This highly complex, urban mixed use project served as a unique intergen-       of Art and Architecture, Copenhagen, Denmark
erational campus for the local and regional Jewish community. Bill had an in-depth knowledge       Registration | California #C10217
of the various phases of project management, including programming, space planning and             Certification | LEED® Accredited Professional
facility assessments, and construction administration. He combined an ability to develop
and fully understand the design process with a hands-on knowledge of construction details.         Professional Affiliations
In addition, he managed the Quality Control and Quality Assurance of this project, which           American Institute of Architects | National
                                                                                                   Association of Home Builders | San Francisco
included milestone project reviews for design and technical documents, standards for drawing       Planning & Urban Research (SPUR)
production, and assessment and measurement of project outcomes.

A recent housing project, Classic Residence by Hyatt in Palo Alto, California, faced numerous
challenges, including political, environmental, zoning, and archaeological hurdles that needed
to be overcome before actual design could begin. Bill led the day-to-day effort, coordinating
the project team and working directly with government agencies. Throughout the complex
entitlement process, he met regularly with the City of Palo Alto to identify and resolve issues
before they could be raised during the planning and review process.

During the design process, Bill oversees the work of the design team and consultants involved
in delivering the final design documents. He takes personal responsibility for delivering the
drawing package to the construction team and works closely with the owners and consultants
during the design, value engineering, and documentation processes to ensure that the client’s
programmatic and aesthetic priorities are maintained. His attention to detail when working
with specification writers and the negotiated general contractor leads to fewer ambiguities
during construction. He maintains hands-on involvement throughout the construction phase
and oversees Steinberg Architects’ performance in construction administration.




*Project completed prior to joining Steinberg Architects.




AMCAL Multi-Housing, Inc.                                                                                                    Section 4: Experience
City of El Cerrito                                                                                                                      June 21, 2010
Redevelopment Agency                                                                                               Residential Mixed Use Development


                                                     Rob Zirkle, LEED                              ®


                                                     Project Responsibility: Project Designer
                                                     Rob Zirkle brings a strong track record of successful and recognized design excellence to a
                                                     wide variety of project types in both architecture and urban design. In addition to a portfolio of
                                                     work for corporate, institutional and education clients, his mixed-use redevelopment projects
                                                     include Renaissance in downtown San Diego and the New Newark Redevelopment initiative
                                                     in Newark, NJ. Having studied under noted Pritzker Prize Winning Architect, Glen Murcutt,
                                                     Rob brings a sensitivity to the details of design that make memorable architecture transcend
                                                     the everyday. Through the great benefit of two prestigious traveling fellowships in architecture,
                                                     Rob’s extensive travels bring a well-rounded, global perspective of how urban design and
   Years in Practice | 12                            architecture shape our cities’ spaces of social and cultural exchange.

   Education
                                                     Relevant Experience
   Bachelor of Arts, Architecture, University of
   California, Berkeley                              VTA (Santa Clara Valley Transportation Authority)           *Motorola BCS Division (Formerly General
                                                     Transit-Oriented Development with High-Density,             Instruments) 326,000 s.f. corporate research and
   Master of Architecture, highest honors, Yale
                                                     Mid- & High-Rise Residential, Commercial, & Retail          development facility | San Diego, California
   University
                                                     | San Jose, California                                      *Solana Beach Corporate Center 119,600 s.f.
   Winchester Traveling Fellow | S.O.M. Foundation
                                                     *Pulte Homes SOMA San Francisco 2.6-acre                    corporate center | San Diego, California
   Traveling Fellow | James Gamble Rogers Scholar
                                                     multi-story residential complex | San Francisco,            *Station B Conceptual design for adaptive re-use of
   Registration | California # C30034                California                                                  a historic power plant into a 875,000 s.f. mixed-use
                                                     *Hanover Apartments 260-unit residential tower              hotel with 420-room tower | San Diego, California
   Certification | LEED® Accredited Professional
                                                     downtown | San Jose, California                             *New Newark Redevelopment Initiative 2,000,000
   Professional Affiliations                          *Hanover Apartments 250,000 g.s.f. mixed-use                s.f. new development, historic preservation and
   Urban Land Institute                              development | San Mateo, California                         adaptive re-use including housing, office and retail/
                                                     *K Street 890,000 g.s.f. mixed-use development |            entertainment component | Newark, New Jersey
                                                     Sacramento, California                                      *J. Paul Leonard Library at SFSU 100,000 s.f. new
                                                     *Renaissance 656,000 s.f. twin-tower development            construction and comprehensive renovation of
                                                     involving 252 condominiums and townhomes,                   existing library building | San Francisco, California
                                                     12,000 sf of retail space, and approximately 360            *The Knoll, Stanford University Comprehensive
                                                     parking spaces | San Diego, California                      renovation of an historic structure housing
                                                     64th & Christie, 190 Unit Apartments | Emeryville,          technology research and development groups
                                                     California                                                  affiliated with the university’s music school|
                                                                                                                 Stanford, California
                                                     *Fountain Alley 419,850 s.f. mixed-use develop-
                                                     ment comprised of a 24-story residential tower,             *Oakland Unified School District Competition
                                                     mid-rise lofts and townhomes, ground-floor retail            9.5-acre mixed-use development design competi-
                                                     space and parking | San Jose, California                    tion proposing 1,719,500 s.f. of total development |
                                                                                                                 Oakland, California
                                                     Las Positas Student Services and Administration
                                                     Building | Livermore, California                            *FAS Laboratories at Harvard University 190,000
                                                                                                                 s.f. new construction Centralized facility for
                                                     Edenvale Community Center Multi-purpose
                                                                                                                 the Faculty of Arts and Sciences | Cambridge,
                                                     community center | San Jose, California
                                                                                                                 Massachusetts
                                                     875 West Evelyn 52,000 sf Class A 4-story office
                                                                                                                 *Pier 41,13,000 s.f. ferry terminal and retail
                                                     building in Mountain View. Proposed to be
                                                                                                                 building | San Francisco, California
                                                     LEED®Gold | Mountain View, California
                                                                                                                 *California Water Company - Bayshore District
                                                     *City of San Jose Davis Community Center 20,500
                                                                                                                 Office 15,000 s.f. central operations office building
                                                     multi-purpose community center comprised of
                                                                                                                 | San Mateo, California
                                                     meeting rooms, classrooms and administrative
                                                     offices | San Jose, California                               Beijing Finance Street 2,000,000 s.m. redevelop-
                                                                                                                 ment including housing, office, retail/entertain-
                                                     *Carmel Valley Corporate Center 115,000 s.f.
                                                                                                                 ment, cultural, assembly, hospitality and open
                                                     corporate headquarters | San Diego, California
                                                                                                                 space park | Beijing, China
                                                     *LPL Financial Services 125,000 s.f., two-story,
                                                     two-building, corporate headquarters | San Diego,
                                                     California

                                                     *Project completed prior to joining Steinberg Architects.




AMCAL Multi-Housing, Inc.                                                                                                              Section 4: Experience
City of El Cerrito                                                                                                                              June 21, 2010
Redevelopment Agency                                                                                                       Residential Mixed Use Development


Tai Ho Kwong, AIA, LEED                                     ®


Project Responsibility: Job Captain
Tai Ho Kwong has worked on numerous building types including public and educational
clients. As a Job Captain and Project Manager, he is responsible for conceptual programming,
design, documentation, construction administration, and project closeout. He is skilled in
coordinating team members and consultants through all phases of the project.

Relevant Experience
Alta Torre 56 Apartment Unit Senior Housing | Palo              Institute on Aging Headquarters New Constuction |
Alto, California                                                San Francisco, California*
Millennium Silicon Valley, Luxury Condominiums                  East Los Angeles Parsonage and Community
and 4-Star Hotel | Sunnyvale, California                        Center | Los Angeles, California*                   Years in Practice | 9
VTA Ohlone Mixed Use and Transit Oriented                       871 West Evelyn | Mountain View, California         Education
Development | San José, California                              301 Howard Street, Lobby Renovation | San           Bachelor of Arts, Architecture
963 North Point Condominiums | San Francisco,                   Francisco, California
California                                                                                                          University of California, Berkeley
                                                                301 Howard Street, Lobby Renovation | San
Venice Beach Residences Office Mixed used /                      Francisco, California                               Registration | California #C32042
Gallery | Venice Beach, California*                             Crafton Hills College Student Learning Center |     Certification | LEED® Accredited Professional
Diablo Valley College Student Services and Culinary             Yucaipa, California
Arts/Food Services Building and Commons |                       Montebello Town Center | Montebello, California
Pleasant Hill, California.
Moscone Center North Convention Center
Remodeling | San Francisco, California
*Project completed prior to joining Steinberg Architects.




AMCAL Multi-Housing, Inc.                                                                                                                       Section 4: Experience
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

5. Project Concept

A. Project Narrative – Senior Housing

i. Project Concept

The proposed development concept is for the creation of a 64 unit senior project created to target
the low and very-low income households. The development would be comprised of fifty-three
(53) 1-bedroom units, ten (10) 2-bedroom units, and one manager’s unit that would also be a 2-
bedroom unit.

The proposed concept will include the following deign details:

       Unit Types:            Flats
       No. of Stories:        Three
       Levels of Parking:     On-grade surface parking with 29 stalls
       Combined Site Area:    .92 acres/40,000 square feet
       Laundry Facility:       6 Washers & 6 Dryers
       Community Room:        1,500 square feet (includes computer room, kitchenette,
                              Manager’s office).

This project will be subject to a minimum low-income use period of 55 years. The proposed
target is senior households earning between 30% - 60% of Area Median Income. Conceptually,
the corresponding proforma has considered 49 units serving the very-low income households and
15 serving the low-income households.


Type of Construction and Design

 Exteriors:
   • Conventional wood frame and stucco structure.
   • Concrete slab floors.
   • On-grade surface parking.
   • Elevator access.
   • Unique floor plans, custom-designed interiors.
   • Modern-style building.
   • Appeals to the current residential rental market.
   • Elegant and spacious floor plans.
   • Community Room of at least 1,500 SF, which includes a kitchenette, lounge, community
      services area and common restrooms with the manager’s office.
   • Centralized laundry facilities.
   • Common Area features including extensive landscaping which includes barbeque area,
      variety of plant life, walkways, and seating areas for visitors and residents.




AMCAL Multi-Housing                                                         Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Interiors:
   • Interior designs incorporate wood slab doors, aluminum or vinyl windows, painted
       gypsum board walls and ceilings, and window privacy by use of mini-blinds.
   • All floors will be carpeted, except for the entry, kitchens, dining areas and bathrooms,
       which will have ceramic tile or natural linoleum where no-VOC adhesives or backing is
       used.
   • Cabinets will be of pre-manufactured wood.
   • Kitchens will include an oven, stove, garbage disposal, dishwasher and refrigerator.
   • Bathrooms will include fiberglass bath/shower units, mirror, vanity, medicine cabinet and
       ceramic tile or natural linoleum flooring.
   • The development will exceed Title 24 energy standards by 15%, will use no-VOC
       interior paint, and CRI Green-label low-VOC carpeting and pad and low-VOC adhesive,
       and in all bathrooms will use fans that exhaust to the outdoors and are equipped with
       either a humidistat sensor or timer.
   • Owner paid utilities: water, water heating, sewer, trash.

This project has been designed to offer the maximum in comfort, security, convenience and
livability, with careful thought given to maintaining the costs of construction within a reasonable
level to accomplish this goal.

How the Design serves the Targeted Population

The proposed development is designed to serve senior residents and their needs by providing
high quality affordable housing with modern amenities and on-site services. The one and two
bedroom apartment units offer contemporary living that include modern kitchens, bathrooms,
storage space, and balconies overlooking the neighborhood or courtyard. To provide the most
convenient living environment for seniors, all kitchens have garbage disposals, dishwashers and
other amenities. The appliances will all be energy efficient models to further reduce costs for
residents. The building is served with large walkways and courtyards with barbeque areas, open
space and various locations of seating areas for parents and visitors. Residents will have an on-
site community room located on the first floor. The community room will have a large space for
educational and resident services programs along with a kitchenette and lounge. The community
room will be located just off the lobby and act as the welcoming center and social center of the
development. The manager’s office is located in the community room to encourage tenants to
visit the community room, meet with the manager and interact with other residents and utilize
available services. Services for seniors include computer training, recreational activities,
nutrition programs, wellness classes and a social services coordinator. The overall design
emphasizes the use of public transportation as there is reduced parking, close proximity to public
transportation, as well as the proposed shuttle bus stop for seniors along the San Pablo frontage.

The building design is modern and will utilize high standards of construction and design. The
look and design of the project will contribute to the ever-improving neighborhood and provide
much needed affordable family housing to the community. The convenient location of the
proposed development will provide resident access to public transportation, a pharmacy, a
market and other retail stores; which are all located within a short distance.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

The goal of the project is to create affordable housing in a dense urban location for the aging
demographic, and provide them with appropriate unit types, community spaces, and open space.
The community requires a high-quality development that responds to the specific needs of local
seniors while integrating them into the greater community. The “L-shaped” design creates an
internal sense of intimate open space, while each resident will also enjoy private balconies and
patios. The entire development will be gated and landscaped in an effort to create a sense of
security and comfort.

The architectural design of the project has taken several cues from the surrounding buildings and
neighborhood. At only three stories, the building creates a consistent presence along San Pablo
Avenue, while not overpowering the other buildings. The street frontage along San Pablo
Avenue serves an architectural blending of the recently completed City Hall and the Village at
Town Center development. The primary focal point of the design draws your attention to the
main entrance of the development with it large expanse of glass, hued stucco and natural
materials at the entrance. While making the architectural connection with City Hall, the building
also takes similar lines and forms from the Village at Town Center development. Utilizing flat
roofs, strong articulation, and a wide palette of colors and materials; the proposed senior housing
development creates a breath-taking visual impact along the San Pablo corridor.


ii. Property Management

Property Management – FPI Management, Inc.

FPI Management, Inc. has partnered with AMCAL on several affordable housing projects and
the company is one of the most experienced firms in the management of Section 42 Low-income
Housing Tax Credit properties. FPI Management, Inc. has provided professional management
services for multi-family housing owners since 1968.

As an Accredited Management Organization designated by the Institute of Real Estate
Management, FPI Management, Inc. has been providing professional management services for
multi-family housing owners for over 40 years. Currently, FPI Management has in its inventory
approximately 54,000 units located in California, Washington, Oregon, Nevada, Alaska, New
Mexico, Ohio, Virginia and Pennsylvania. FPI Management’s current portfolio includes luxury
and conventional apartment communities, as well as properties developed under all low and
moderate-income programs i.e., LIHTC, HUD insured, USDA, Bond Financed, and Section 8.
Approximately 30% of the FPI Management inventory includes some form of affordable
component. FPI Management currently manages over 12,000 units under Section 42 LIHTC.

FPI Management is effective in all phases of property management from the marketing and
lease-up of a newly constructed project to the on-going operation of a property at sustained
occupancy. FPI Management has established itself as a leader in the industry in the performance
of marketing techniques, capital and preventative maintenance programs and administrative
control.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                         June 21, 2010
Redevelopment Agency                                                  Residential Mixed Use Development

FPI Management has an extensive expertise in compliance, administration and operation of these
LIHTC communities. The FPI Management in-house compliance staff monitors compliance, file
review, state audits and provides training and support to the on-site staff. AMCAL property
management partners are sensitive to the special issues associated with managing affordable
projects and will provide an on-site manager to address daily issues and leasing. This manager
will live in the development and provide critical first-response ability to any issues that may
arise. FPI Management has an extensive expertise in compliance, administration and operation of
these LIHTC communities. The FPI Management in-house compliance staff monitors
compliance, file review, state audits and provides training and support to the on-site staff. FPI
Management also has bilingual staff to assist immigrant communities and is knowledgeable
about outreach for low-income communities with whom communication by traditional channels
may be difficult.

All units within any San Pablo Avenue development would be reserved for affordable
households, as defined by specific rent and income limits. TCAC regulations require that the
tenant base for the development earn between 30%-60% Area Median Income for Contra Costa
County (in accordance with Section 42). Due to these stringent regulations and the required
documentation to verify income, unlike a non-regulated market rate project, management is able
to select and maintain tenants that adhere to the rules and guidelines set forth for the project. This
creates an affordable and safe living environment for working families.




AMCAL Multi-Housing                                                            Section 5: Project Concept
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

Sample Management Plan

                                   MANAGEMENT PLAN

1. The Role and Responsibility of the Owner and the Relationship and Delegations of
   Authority to the Managing Agent.

   The Owner will enter into a management agreement with (Property Management Firm),
   hereinafter referred to as Agent or Managing Agent.

   a. There is no legal or corporate relationship between the Owner and the Agent with the
      exception of the management agreement. There is no identity of personnel, proximity or
      sharing of offices, or any other identity of interest. There is no relationship that would
      create a conflict of interest.

   b. The resident manager will supervise the activities of the administrative and maintenance
      staff on the project. The resident manager will be directly responsible to the Managing
      Agent who will set forth the responsibilities of day-to-day operations. The Management
      Agent will be directly responsible to the Owner.

       The Agent will make all decisions regarding the day-to-day operations of the project
       without consulting the Owner or in the event of extreme emergency, make decisions
       without consulting the Owner. The Agent will notify the Owner as soon as possible after
       any emergency decisions are implemented.

   c. The Agent will consult the Owner regarding all policy matters or those, which the Agent
      is not authorized to handle under the terms of the management agreement, and on all
      other matters, which are of significance to the project. The Agent will meet with the
      Owner at regular intervals established by the Owner to review all project business and to
      update the management plan as directed by the Agency.

   d. The Owner will name an authorized contact person who will have total authority to act on
      behalf of the Owner and make all necessary decisions on Owner's behalf. The Owner will
      notify the Agent in writing of the name of the contact person prior to the inception of the
      Management Agreement, and thereafter when the contact person is changed. Agent will
      deal directly and exclusively with the authorized contact person.

   e. The responsibilities of the Owner and the Agent are clearly set forth in the management
      agreement. There should be no overlapping of responsibilities or duties. All basic
      responsibilities and duties are clearly covered and assigned in the management agreement
      and Agency's rules and regulations.

   f. There are no pro-rata divisions of singularly incurred operating expenses that are
      common to the parties.




AMCAL Multi-Housing                                                        Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

2. Personnel Policy and Staffing Arrangements.

   a. All employees will be employees of the Agent, not the Owner. All hiring will be in strict
      conformance with equal employment opportunity requirements provided by the
      Department of Fair Employment and Housing with regard for race, color, religion, sex,
      handicap, familial status, or national origin.

   b. The staffing plan for this property will include a manager and office staff as necessary to
      operate the project together with maintenance staff as required and as approved in the
      budget. Employees are never "on call", outside normal duty hours.

       Job Descriptions:

       Resident Manager: The resident manager of the project will direct the operations of the
       project in accordance with the policy, guidance and procedures prescribed by the Agency
       and the Managing Agent. Job performance is reviewed for adequacy and conformance
       with established procedures of the Agency, the Owner, and the Managing Agent. The
       major duties include:

           Keep buildings in good repair and ground areas and public areas clean, and present a
           good appearance.

           Be responsible for the preventative maintenance and current maintenance on
           buildings, electrical, plumbing, heating, ventilating, air conditioning, irrigation, and
           mechanical systems in conformance with the requirements of the Owner and the
           Agent.

           Instruct tenants on procedures and practices to follow concerning the operations of
           appliances, safety equipment, fire prevention, and preventive maintenance.

           Keep informed on changes in local rental, tax and utility rates, and other activities
           that would affect the tenancy of the project.

           Collect and deposit all monies from tenants and other services as prescribed by the
           managing agent.

           Maintain the tenant files in conformance with the requirements of the managing agent
           and agency.

           Maintain building and ground safety and fire prevention programs. Develop and post
           an emergency preparedness plan for tenants to follow in case of fire, earthquake, or
           other emergencies.

           Maintain an inventory of supplies, tools, equipment, and all property owned by the
           project.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

           Obtain labor and material costs and work completion estimates for major repairs and
           renovations or replacement of equipment.

           Assist applicants in preparing applications for initial eligibility, as appropriate.
           Complete lease agreement forms and conduct entry interviews with new tenants
           outlining conditions and terms for occupancy. Review housing applications, select
           tenants, and assign dwelling units. Collect rents and issue receipts.

           Establish tenant relation policies and adhere to housing assignment procedures.
           Promote harmonious relations among tenants, housing personnel, and persons of
           neighboring communities. Resolve complaints of tenants within the guidelines of the
           tenant grievance and appeals procedure. Maintain working relations with the local
           police and fire departments, government officials, and other community resources
           that are programmed and designed to assist the tenants. The resident manager will
           receive a salary as approved by the agency in the operating budget but in no less than
           minimum wage. The resident manager will live on the project rent free for the
           convenience of the Owner. The resident manager and his family may receive group
           health insurance.

           The resident manager will undergo a training period prior to the opening of the
           project. This will include a review and explanation of the agency policies and
           procedures as well as State and Federal regulations. During the initial rent up the
           Agent will be at the site and/or in daily contact with the resident manager. In addition,
           the resident manager will be required to attend any training sessions held by the
           Agency and pass all competency tests for certification required by the Agency.

       Office Manager: The office manager will have the primary responsibility to run the office
       in accordance with the policies of the Agent and the requirements of the Owner and the
       Agency. The primary duties are as follows:

           Assist applicants in preparing applications for initial and continuing occupancy.
           Complete all forms and leases. Conduct entry interviews outlining terms for
           occupancy. Review applications, select tenants, assign units, collect rent, issue
           receipts, and prepare deposits.

           Maintain a comprehensive filing system including tenant files, waiting list files,
           rejected applicant files, maintenance files, property tax files, paid bill files,
           correspondence files, grievance files, legal files, document files, agency files, rent
           files, and all other files that are normally part of office procedures.

           Maintain waiting lists for each type of unit on the project and a corresponding contact
           sheet for each name on the waiting lists. Update wait lists at least annually by sending
           10-day notice letters to each name on the lists.

       Maintenance Employees: The maintenance employee will perform maintenance tasks as
       directed by the manager. Any maintenance employees will be hired on an hourly basis.



AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development




       All Employees: Employees will conform to all Agency requirements as well as the
       policies established by the Owner, which become part of the Agent's policies. All
       employees will be paid by the Agent including state and federal payroll taxes and
       unemployment taxes, FICA taxes, and all other costs of employment including workers
       compensation insurance, employment practices liability insurance, employee medical
       insurance, overtime pay, bond and any other compensation or related costs. Agent will be
       reimbursed for all costs made to or on behalf of all employees including, but not limited
       to, the aforementioned list.

       Agent will advise Owner of all employee or former employee claims for compensation
       that Agent believes are unwarranted. Owner will instruct Agent as to Owner's desire in
       the disposition of the claim (payment, negotiation, hearing, or litigation). Agent will
       proceed according to Owner's directive. Any compensation or award to any employee or
       former employee including all related costs, legal fees and other fees, will be paid to
       Agent from the project operating account upon final disposition of the claim.

    c. The resident manager will be directly accountable to the managing agent. All other on-
       site personnel will be directly accountable to the resident manager.

    d. All employees (and contractors) will be oriented to comply with the program
       requirements. All managers are fully trained in the Agency rules and regulations. The
       Management Agent is fully trained and knowledgeable in all aspects of assisted housing
       management and regulations. The Agent trains all management employees in the
       certification process and all management functions. The Agent sends staff personnel to
       training programs on RDS/HCD, Fair Housing, Section 504, and L.I.H.T.C., as
       appropriate.

3. PLANS & PROCEDURES FOR MARKETING UNITS; ACHIEVING AND
   MAINTAINING FULL OCCUPANCY, & MEETING AFFIRMATIVE FAIR
   HOUSING MARKETING PLAN REQUIREMENTS (HUP FORM 935.2).

   a. The Agent is in charge of marketing the property. We will make certain that all groups,
      both minority and non-minority and handicapped persons are given the opportunity to
      have the knowledge that our subsidized housing project exists and that they will not be
      discriminated against on any basis. All marketing will be done within the guidelines of
      the Affirmative Fair Housing Marketing Plan.

   b. We anticipate starting our rent-up program approximately 90 days prior to the opening of
      the project. The resident manager, at that time, will start taking formal applications
      together with the required verifications of employment, income, and other supporting
      documents necessary for each applicant. The resident manager will place new applicants
      on the waiting list after complying with the procedures established in the Affirmative Fair
      Marketing Housing Plan. The waiting list will conform to the requirements of the
      Agency. Our goal is to reach and maintain 100% occupancy and include all groups in our



AMCAL Multi-Housing                                                        Section 5: Project Concept
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

       marketing strategy. The "Fair Housing" poster, "Justice for All" poster, 1944-L
       Grievance & Appeal Procedure, if applicable, and the Affirmative Fair Housing
       Marketing Plan will be displayed on site.

       A Project Information Package will be prepared. This will contain the following:

              A description of the project location.

              The size and number of dwelling units.

              A summary of eligibility requirements.

              Application Form.

   c. Should it be necessary, marketing will be done by local radio and newspaper advertising
      in both English and in non-English media, where there is a concentration of non-English
      speaking residents.

       Marketing will continue until we have enough applications to sustain 100% occupancy.
       To promote visibility, the project will be advertised at least annually, even if we have an
       adequate waiting list.

       Any advertising, electronic or printed, will identify the project with the international
       symbol of handicapped accessibility and contain the Fair Housing Logo or Equal
       Opportunity Slogan. This includes the project sign that will be a minimum of 16 sq. ft. in
       size.

       Listed below is a sample local newspaper ad for your approval.

                                      Name of Project

                              NOW ACCEPTING APPLICATIONS

               Now renting one and two-bedroom apartments. All apartments equipped
               with stove, refrigerator, disposer, air conditioning, carpet, and window
               coverings. For additional information, and/or to make applications, contact:

                                      Resident Manager
                                       (xxx)xxx-xxxx

                                  SORRY, NO PETS
                              EQUAL HOUSING OPPORTUNITY

   d. The TDD phone number is posted for those applicants with hearing imparity. For
      applicants with sight impairment, a reader can be made available to assist applicants in
      English and Spanish in areas where there is a high concentration of Spanish applicants.



AMCAL Multi-Housing                                                         Section 5: Project Concept
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development


   e. The office and all community areas are equipped with lever handle door knobs, handicap
      accessibility ramps for access to the office, laundry room, common areas and mail boxes.
      Assigned handicap reserved parking space as near to that person's dwelling unit as
      possible will be provided. In addition, management is willing to make additional
      reasonable accommodations, once the applicant is approved. Every effort by the
      management will be made to accomplish applicants' needs by modifying faucets, kitchen
      and bath fixtures, doorknobs, and any other changes within economic reality.

   f. Reasonable accommodations must be requested in writing. Appropriate modifications, if
      not already installed, and within reason, will be made if at all possible if it does not
      impose a financial or administrative overburden. Structural changes would require
      consultation with the Owner and architect; therefore, each case would be reviewed based
      on its own merit and the economic hardship to the property.

   g. The Agent will use the attached waiting list format.

   h. The attached Apartment Inspection Report will be used for all move-in's and move-out's.
      Prior to occupancy, each approved applicant will inspect his or her assigned unit with the
      manager who will be required to fill out and sign the Apartment Inspection Report, which
      is a certification on the part of the applicant that the premises were in good and clean
      condition prior to occupancy. Each tenant will receive a copy of the Apartment
      Inspection Report as part of his or her permanent file and another copy will be kept in the
      tenant's file at the project office.

   i. Applicants are initially notified in writing as to their status detailing selection, rejection,
      or waiting list placement. Once selected, and at the time each tenant executes their lease,
      they will be given a thorough orientation with regard to the terms and conditions of the
      lease, rules and regulations, and also will receive instructions on how to operate various
      appliances found in each unit during their walk-through inspection of the premises.

   j. It is the primary responsibility of the Resident Manager and Supervisor to select tenants
      using the policies and guidelines established by the Agent and the Owner and approved
      by the Agency. However, if there is a question regarding which applicant should be
      selected, they will request assistance from the Managing Agent. All applicants are
      notified in writing as to their status on the waiting list.

   k. All tenants are selected in accordance with this management plan and the attached tenant
      selection criteria. In projects where there are tax credit designated units, tax credit
      eligible households will be selected for units assigned the tax credits.

4. PROCEDURES FOR DETERMINING TENANT                               ELIGIBILITY          AND      FOR
   CERTIFYING AND RECERTIFYING INCOMES.

   a. All interested persons may obtain and submit an application for housing. All personnel in
      the project office are required to be knowledgeable and have on hand a copy of the



AMCAL Multi-Housing                                                           Section 5: Project Concept
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development

        agency's management handbook, which encompasses the occupancy and continuing
        occupancy requirements of the Agency. Completed applications are processed in
        chronological order of the date the fully completed application was received based on
        eligibility within each income group and unit size category. Additionally, applications
        will be logged by date and time when received, and placed on the waiting list or
        processed for a vacancy. The attached guidelines for resident selection details the
        process. No application fees are anticipated.

     b. The resident manager will be thoroughly trained, by the Managing Agent and/or Agency
        in program requirements and State Law including but not limited to, the following:
        interviews, tenant selection, certification and re-certification requirements and leases.
        Each month the project will be audited by the Managing Agent for compliance to make
        certain that all requirements are closely adhered to regarding tenant qualifications and
        certifications. In addition, resident managers will attend Agency-sponsored training
        courses. All original applications are approved by the Agent or Supervisor before move
        in.

     c. Project funds will pay overage when overages are due through no fault of the tenant.
        Overage charges due to management error may be deducted from owner's return or paid
        from management agent fees.

5.   LEASING & OCCUPANCY POLICIES:

     a. A description of occupancy standards for the project are described in the Guidelines for
        Resident selection. Refer to attached selection criteria.

     b. Prospective tenants will complete an application. This is designed to give the resident
        manager basic data about the tenant with which the manager can determine whether there
        are factors of income, family size, or others which would effectively eliminate the
        applicant from further consideration. It also gives the resident manager a chance to meet
        and talk with the prospect prior to actually beginning the Agency paperwork. A credit
        report will be obtained for each applicant after it is determined that the family qualifies
        with regard to the Agency regulations and prior landlord reports.

        Income verification authorization forms will be signed by the prospective tenant. It will
        be explained at that time that their credit and character will be thoroughly investigated.
        The resident manager will request that the prospective tenant give any information in
        advance of any unusual situation that the manager is likely to encounter in investigating
        the tenant. In this way prospective tenants have an opportunity to explain in advance, any
        unresolved credit problems, unfavorable reports from former landlords, employment
        problems and other factors, which might otherwise disqualify them.

        As confirmation from the worksheets are completed, the tenant's file is assembled. The
        resident manager will evaluate each tenant in light of the information in his or her file as
        well as the objectives established for the project by the Owner. The resident manager and
        Agent will determine which tenants are to be accepted for residency at the project.



AMCAL Multi-Housing                                                           Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development


       Having determined to accept a prospective tenant, the resident manager will then place
       that tenant in an apartment matching, as closely as possible the tenants desired
       accommodations. At this time, the worksheet will be filled out in its final form and
       executed by the tenant. The policies for the apartment project are then reviewed in detail,
       including their rights and responsibilities.

       The tenant is then advised of the apartment in which he has been placed, and the resident
       manager goes with the tenant to the specific apartment selected and they complete the
       unit inspection referred to above.

       All the supporting documentation and data are placed in that particular tenant's file folio.

   c. The resident manager is knowledgeable in all areas regarding Agency rules and
      regulations and personally trained in the certification process and in all management
      functions. In addition, resident managers are aware of State Law and Low Income
      Housing Tax Credit regulations.

   d. In areas where there is a concentration of Spanish speaking individuals, leases, rules and
      regulations for the project are written both in English and Spanish. The tenant will have
      the opportunity to examine the Lease Agreement in their language.

6. RENT OCCUPANCY CHARGE AND OCCUPANCY SURCHARGE COLLECTION
   POLICIES AND PROCEDURES.

    a. All rents are due on the first day of the month and delinquent on the second. However, all
       tenants are given until the fifth of each month to pay their rent in full prior to a late
       charge being assessed. Three-day notices are delivered on the 6th to tenants who have not
       paid by the 5th. All rent payments are to be made to the resident manager at the office
       during normal office hours, which are posted in the office. If this is impossible, the tenant
       may pay their rent by the U. S. Mail. Any tenant who has not paid their rent before the
       end of the fifth day of the month will receive a late charge assessment. Said late charge
       will be levied against the tenant, however, eviction proceedings will not be instituted
       against the tenant for nonpayment of late charges. If a tenant regularly receives a check
       later in the month, then his rent due date may be adjusted accordingly so as not to impose
       a hardship on that tenant.

       The resident manager is responsible for the collection of all rents and the issuance of all
       rent receipts. As stated above, rents will be paid at the office on the complex or by U. S.
       Mail. Cash payment is discouraged for security reasons. All payments are made by check,
       cashier's check or money order.

       Rent payments, as they are received, are entered into the accounting system by way of a
       rent receipt which carbons through to the tenant's ledger card which in turn carbons
       through to the cash receipts journal or entered electronically into the on-site computer
       terminal. The rent receipt that the tenant receives is stamped with the name of the project;



AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

       the amount of money receipted for, and is signed by the authorized person receiving the
       funds. We encourage all tenants to keep their receipts for their own protection. All funds
       received are deposited in a separate account depending on the nature of the deposit. The
       project maintains an operating account as well as a separate security deposit account.

   b. The required security deposit will be in an amount equal to the approved gross rent for
      the size unit. Upon termination of the lease, the deposit is to be refunded to the tenant
      within 21 days, except as may be used by the Owner toward reimbursement of the cost of
      repairing any damage to the property (normal wear and tear excepted) caused by the
      tenant or his family or guests and any rent or other charges owed. The Owner shall
      provide the tenant with an itemized statement of any security deposit retention. Interest
      earned on the Security Deposit account will accrue to the Project Operating Account.
      Charges against the deposit in excess of the total deposit will be turned over to a
      reporting agency.

7. PROCEDURES          FOR     REQUESTING          AND      IMPLEMENTING             A    RENTAL
   INCREASE

   a. Rent increases shall be anticipated and implemented as the needs of the Project dictate, in
      conjunction with the preparation of the Annual Operating Budget. The Project's senior
      management representative, in consultation with the project manager, shall prepare the
      Annual Operating Budget for the approval of the Owner. Rent increases shall be
      implemented in conformance with the requirements of the Agency regulations, and in
      conformance with State and Federal low-income housing programs relating to tax credits.
      Rent increases for units occupied by holders of Section 8 certificates shall be coordinated
      with the local Housing Authority. Rent increase requests normally will be processed 60-
      90 days prior to the end of the borrower's fiscal year. It is anticipated that rent increase
      would not be necessary more than once a year. Once it has been determined by an Owner
      that a rental increase is necessary, the Managing Agent will adhere to the Agency's
      instructions and conform to the requirements. The Managing Agent will develop the
      information necessary so that a request can be made to the Agency that gives:

          1.   Facts demonstrating the need and justification for a rent increase.

          2.   A new operating budget for borrower's fiscal year showing:

               a) current approved budget
               b) actual income and expenses to date
               c) proposed new budget with new basic rents

       Current tenant certifications must be on file. Utility allowance review will occur annually
       with an analysis report submitted to the Agency with the annual budget.

       After receiving authorization to post from the appropriate Agency Office, tenants will be
       notified with the use of Agency's rent increase exhibit at the time the proposed rent
       increase is being forwarded to the Agency. This form will be posted in a conspicuous



AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

       place and will, in addition, be delivered to all effected tenants. Tenants will be advised
       that during the waiting period in which the notice will be posted, they have the
       opportunity to inspect, copy, and make written comments and objections to all materials
       justifying the proposed rental increase. Additionally, in accordance with California State
       Law, tenants will be advised in writing a minimum of thirty (30) days in advance of any
       rental increase.

   b. The Managing Agent will be responsible for all processing of rental increases and/or
      changes.

8. PLANS FOR CARRYING OUT AN EFFECTIVE MAINTENANCE AND REPAIR
   PROGRAM.

   a. Preventative maintenance will be an important part of our maintenance program. All
      appliances, water heaters, AC/heaters, weather-stripping, windows, fans, and smoke
      detectors are inspected on a regular basis. Each unit is inspected at least once a year to
      ascertain the condition of all items. This is a part of the normal preventative maintenance
      program; in addition, all appliances and mechanical equipment will be inspected prior to
      initial occupancy and prior to each tenant occupying the unit thereafter.

   b. Copies of the "as-built" plans will be provided by the Owner and maintained on site. In
      the case of any future work, it will be the responsibility of the contractor or subcontractor
      to provide the Owners and Agent with "as-built" updated plans and specifications upon
      the completion of their work. The manager will notify the Owner of all construction
      defects as soon as possible.

   c. General Maintenance Procedures:

          (1) All appliances and mechanical equipment are inspected on a regular basis. Each
              unit is inspected at least once a year to ascertain the condition of all of the
              appliances. This is apart of the normal preventive maintenance program. In
              addition, all appliances and mechanical equipment will be inspected prior to
              initial occupancy and prior to each new tenant occupying the unit thereafter.

               Should a warranty item or plumbing/electrical problem be involved, a local
               professional or the building contractor will be contacted. Any regularly scheduled
               major improvements, such as repaying, will be coordinated with the Managing
               Agent and Owner for approval prior to commencement of work.

          (2) City, State, and Federal regulations will be complied with as to the installation
              and maintenance of smoke detectors and fire extinguishers. Smoke detectors are
              checked at least twice a year during maintenance inspections. Also, the smoke
              detectors are checked the first week in December for the holidays. The supervisor
              also inspects smoke detectors of vacant units during their monthly inspection. Fire
              extinguishers are checked during monthly inspection visits to ensure service dates
              are current and have not lapsed. Outside lighting will be provided as required for



AMCAL Multi-Housing                                                         Section 5: Project Concept
City of El Cerrito                                                                        June 21, 2010
Redevelopment Agency                                                 Residential Mixed Use Development

               proper security on the project. Outside lighting is checked on a regular basis to
               ensure proper light coverage and bulbs are operational.

          (3) When a tenant gives notice to vacate the unit and immediately after a move-out,
              the resident manager is required to inspect each unit including the appliances of
              that unit to ascertain whether or not there has been any damage or any
              maintenance is required. Any necessary work is entered to a work order, which
              then is performed by the maintenance staff. All work must be completed prior to
              re-renting the unit.

          (4) Each unit is inspected at least once a year to determine the need for any
              maintenance work. At three-year intervals, each apartment unit becomes eligible
              for repainting for an existing tenant. If the unit is in need of repainting, it is then
              put on the paint schedule and completed by our staff. Repainting of a unit will
              include doors and trim. Window covers are inspected each time a unit is vacated.
              If the window covers are worn, they are replaced at that time. For long-term
              tenants, the window covers are inspected at the time of semi-annual inspection.
              After five years, the unit would become eligible for new window covers. Between
              tenants units are always painted unless a tenant moves out after only a few
              months.

               The exterior of the project is monitored regularly to determine the need for
               repainting. The repainting of exterior trim, fences, and doors will begin as needed
               after approximately three years. We do not anticipate the need to repaint stucco
               for several years; however, this will be done as necessary.

          (5) All major repairs that are beyond the capabilities of our own maintenance staff
              will be handled on a bid basis notwithstanding emergencies. We will solicit bids
              from at least three qualified subcontractors on all major repairs and replacements,
              if possible, to be assured the best possible quality and price. In case of emergency,
              the resident manager will use good judgment on how to best handle the situation.
              In any emergency situation, the resident manager will contact the Managing
              Agent as soon as possible with a full report.

               Professional landscapers will carry out the grounds upkeep and maintenance, if
               possible. In most instances, outside contract labor or contractors may be used for
               exterior painting, parking lot sweeping, major landscape renovation,
               exterminating, air conditioning and plumbing.

          (6) Garbage and trash removal is handled by the City or City-authorized contractor.

          (7) The on-site staff will also be responsible for the cleanliness of the common areas
              of the complex. The first item on the agenda on the daily maintenance schedule
              will be policing the grounds and common areas. Staff members will accomplish
              this. The on-site staff will also be responsible for maintaining indoor common
              areas such as the laundries and recreation room.



AMCAL Multi-Housing                                                           Section 5: Project Concept
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development


   d. The tenants will be instructed to make reports to the office for any maintenance or repairs
      needed. When a tenant comes to the office or telephones with a problem, a work order is
      filled out by the office staff and entered into the maintenance schedule. Upon completion
      of the work, the tenant is notified that the work is completed and the information is
      entered into the permanent maintenance log. The completed work order is put in the
      tenant's file.

    e. All equipment and supplies are purchased only after shopping for the best price. A
       minimum of three bids will be required, if possible, for any major equipment purchase.
       Neither the Owner nor the Agent has any identity of interest with any supplier of
       products or services on the project.

       Our projects do not have a purchase order system. The resident manager and/or the
       supervisor order goods and services. The resident manager to ensure goods were
       received, and services were accomplished and were acceptable verifies invoices. Resident
       manager prepares a payment request and forwards to main office along with the invoice
       for supervisor approval, and payment.

   f. Reserve for replacement requests are made with appropriate supporting documentation,
      bids and justification.

9. PLANS AND PROCEDURES FOR PROVIDING SUPPLEMENTAL SERVICES.

   a. Laundry and vending machines are provided from vendors. The consignees own all
      vending services and equipment. Cash collected are paid in the form of check to the
      appropriate projects and are deposited into the general operating account.

   b. All equipment will be owned by consignee.

   c. Consignee forwards to main office a monthly check to be deposited into the operating
      account of the project. No cash is accepted.

   d. Consignee will be responsible for all maintenance, servicing, and stocking any machines.

   e. Laundry contracts are normally renewed every five (5) years at which time the terms and
      conditions are renegotiated. A new contract is written and signed by both parties. This is
      a Managing Agent standard contract. Vending machine contracts are negotiated in the
      same fashion as laundry contracts.

10. PLANS FOR MAINTAINING ADEQUATE ACCOUNTING RECORDS AND
    NECESSARY FORMS AND VOUCHERS.

   a. All project records will be developed by the Agent and maintained in accordance with
      Agency regulations and policies governing fiscal operations, accounting and financial
      reports for multifamily housing projects, and will comply with generally-accepted



AMCAL Multi-Housing                                                        Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

       accounting procedures. Required reports will be prepared and submitted from the
       Managing Agent to the Owner using a modified cash reporting system.

       The Agent will be responsible for the preparation of and submission of the monthly cash
       flow report.     In addition, the Agent will be responsible for the preparation and
       submission of the Annual Operating Statement. The Owner will contract for the annual
       audit. The Agent will cooperate with and make all records available to the CPA for the
       preparation of the audit.

   b. Project funds will not be co-mingled.

   c. The accounting records will be set up and maintained by the Agent in the Agent's office.
      The records will be kept on a modified cash basis and will comply with generally
      accepted accounting practices. The accounting department will be responsible for the
      preparation and submission of the quarterly and annual reports to the lender, if necessary.

   d. An independent CPA not associated with the project will provide the annual audit or
      review.

   e. Individual folders will be kept on the project site for all tenants and will contain
      completed applications, verification of income and certification, lease agreement, security
      deposit data, rent receipts, work orders, and correspondence. All folders for tenants who
      have vacated an apartment will be kept a minimum of three (3) years and/or a maximum
      of seven (7) years. Copies of all tenant certifications are also maintained at the agent's
      office.

   f. Tenant records will be retained at the resident manager's office and will be available
      during normal business hours for review. Accounting records will be maintained at the
      Agent's office and will be available during normal working hours for review. All records
      are maintained for a minimum of seven years.

11. ENERGY CONSERVATION MEASURES.

   a. Each tenant will be in direct control over his or her consumption of gas and electricity.
      The manager will carry out orientation programs to educate the tenants in regard to the
      conservation procedures. Each tenant will be advised how to best maintain their
      equipment to the best of their ability and to call the office for assistance for those who are
      unable to maintain the equipment. Items such as filter changes, thermostat settings, and
      water temperature control will be an integral part of the program. The manager will
      develop orientation programs that will include energy conservation measures that
      consider not only the items listed here, but also optimum times of cooking and not
      cooking, as well as doing laundry and other household chores. This information will be
      included at the tenant move-in orientation.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

   b. There are no conservation practices that the management has complete control over,
      however, management will be involved in conservation at all levels. Particular attention
      will be paid to conservation of energy in all common areas of the project.

   c. Management will be involved in all energy conservation programs on the complex. All-
      night lighting systems will be on photoelectric cells to go on at dark and off at daybreak,
      and all watering systems will be set to not over water to the extent that water
      consumption is escalated and water runs down the street. Upon a tenant moving out, prior
      to re-renting the unit, all hot water tanks will be reset to a maximum of 120 degrees and
      we have recommended to the Owners that limit switches be installed on thermostats to
      control the temperatures requested by that thermostat.

       The management will provide filters as necessary to keep the HVAC clean and efficient
       as well as make service calls on all HVAC that are not operating properly. At the time of
       the maintenance visit, the maintenance staff is instructed to educate the tenants with
       regard to conservation of utilities. Additionally, with each visit to a unit the maintenance
       staff is instructed to inspect the hot water tank for malfunctions. The manager will make
       available free pamphlets distributed through the utility companies with household hints
       on conservation when available.

12. PLANS FOR TENANT PARTICIPATION IN RENTAL HOUSING PROJECT
    OPERATIONS AND TENANT'S RELATIONSHIP WITH MANAGEMENT.

   a. Residents will be encouraged to form a council, if desired, and to plan community events,
      get-togethers, parties and potluck dinners.

       Managing Agent will attend council meetings, if asked, and will respond to all tenant
       issues arising at such meeting.

   b. The resident manager will be well trained and knowledgeable in the area of tenant
      grievance procedures.

13. PLANS FOR CARRYING OUT MANAGEMENT TRAINING PROGRAMS.

   a. We maintain our own training program. Supervisors will thoroughly train new hires in
      the areas of Tax Credit regulation and Manager's Handbook, company policies and
      procedures. All new managers are required to attend and pass Agent-sponsored training
      courses.

   b. When a new manager is hired at any complex, the manager trainee is put through our
      training program, which includes all aspects of the particular program under which he or
      she will be working as well as our management and safety programs. In addition, we
      conduct periodic safety programs. Quarterly newsletters address important safety and
      management issues. Agency schools are utilized for training managers in regulations,
      certification, and continuing education programs.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

14. TERMINATION OF LEASE AND EVICTIONS.

   a. The lease agreement clearly outlines all provisions and procedures for the Managing
      Agent to evict a tenant. Within the Managing Agent's organization the supervisors are
      responsible for determining and overseeing evictions.

   b. The supervisor is knowledgeable in all legal requirements regarding notification of State
      laws in evictions. Additionally, all personnel are trained in State and Local laws
      regarding tenant evictions and lease terminations. Included in this training are
      requirements regarding notification that must be given to a tenant when termination of
      the lease or eviction is proposed. See eviction procedure attached. When violations occur,
      violation notices are served prior to an actual eviction notice.

15. SECURITY SERVICING.

   a. The Managing Agent is knowledgeable and is responsible for fidelity bond coverage. All
      employees will be covered by the Agent's fidelity bond in the amount of $120,000 per
      instance.

   b. The Managing Agent is knowledgeable and is responsible for the continuing knowledge
      of the Agency's insurance requirements for all phases of insurance regarding the project.
      At the direction of owner, all insurance policies will be kept at the Agent's office and will
      be in amounts equal to or greater than the minimum established by the Agency.

16. MANAGEMENT AGREEMENT.

   A copy of the proposed Management Agreement is attached as a subpart of the Management
   Plan.

17. MANAGEMENT COMPENSATION.

   The Management Agreement sets forth the responsibilities as well as the compensation and
   how the compensation is to be paid to the Managing Agent. All management fees will be
   paid monthly in arrears.

18. ON-SITE MANAGEMENT.

   a. The resident manager will perform on-site management duties.

   b. The resident manager and staff job descriptions are shown on Page 2, Item 2b.

   c. The resident manager must live on site in a rent-free apartment.

   d. Office hours will be established to meet the needs of the tenants within the limits set by
      the approved budget. Current hours will be posted on the office door.




AMCAL Multi-Housing                                                         Section 5: Project Concept
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

iii. Additional Resident Services.

Life Skills Training and Educational Programs, Inc. (“LifeSTEPS”) is a California 501(c)3
non-profit public benefit charitable corporation. LifeSTEPS was founded in 1993 and provides
social services to many of AMCAL’s affordable housing communities. AMCAL and
LifeSTEPS, as a team, have developed a successful model of social service delivery focusing on
case management, educational classes, crisis management, mediation, and social and community
participation programs. LifeSTEPS currently serves over one hundred and forty senior and
family affordable housing communities in the State of California, representing over thirty-five
thousand residents.

LifeSTEPS will provide to the residents an on-site Director of Social Services (“DSS”). The
DSS is an educated and trained professional who will provide ethical and effective program
development and oversight at the property. After conducting a thorough needs assessment, the
DSS will develop and implement programs and activities at the property, as well as providing
case management, resource development, crisis intervention, and educational classes.
LifeSTEPS’ approach is holistic, with a focus on case management and crisis intervention to
address individual needs, and a combination of educational classes, mediation services, and
social activities geared to addressing community needs. For example, LifeSTEPS has developed
a curriculum of three-month classes tailored to adults, such as computer training, job seeking
skills, health and safety, financial management, and nutritional wellness. In addition, LifeSTEPS
seeks to develop volunteer and recreational opportunities for residents, food distribution
programs, and eviction prevention funds.

The AMCAL/LifeSTEPS team has a great deal of experience serving families and seniors at risk
of homelessness. One clear gauge of risk to loss of housing is income level, and by any measure,
families and seniors with incomes at or under 30% of HUD Median Income face a grave risk of
homelessness. Using this measure, of the 20 AMCAL family communities we serve
(representing 1,866 families), 186 or 10% of our family residents are at-risk of homelessness.
LifeSTEPS provision of one-on-one case management, counseling support, educational
opportunities, and social activities is a great help to residents at risk of homelessness.
LifeSTEPS personnel are available on-site to help households access government entitlements,
develop budgets, improve skills, and for those who are able, seek employment. LifeSTEPS also
develops and accesses eviction prevention money to ensure that families maintain their housing
when unforeseen calamities occur. Several of LifeSTEPS’ key personnel have a long history
working with the homeless, and this interest has remained a central focus of the organization
since its inception. (The LifeSTEPS’ Board President, Craig Gillett, is a licensed MFT and ran a
homeless program in Los Angeles; the Executive Director, Beth Southorn, oversaw the
emergency and transitional shelter for the Shelter Network Homeless Program in San Mateo
County, and is a founder and volunteer director of United Outreach’s Grace Place, a homeless
shelter in El Dorado County. The regional LifeSTEPS’ Supervisor in the Southern California
region, Zoila Parodi, has also had extensive experience directing an emergency and transitional
shelter.) It is only through the combined efforts of LifeSTEPS and AMCAL that all our
households remain safe and secure in an active, thriving, affordable housing community.




AMCAL Multi-Housing                                                        Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

The AMCAL/LifeSTEPS team also has a great deal of experience serving households with
mental health challenges. For over fifteen years, LifeSTEPS has worked with many residents
suffering from mental health challenges, most prominently substance abuse, domestic violence
and/or mood disorders. Meredith Chillemi, LifeSTEPS’ Director of Program Operations, and the
individual who would oversee services at the proposed development, has MA Degrees in
Gerontology and Health Administration from USC and is well versed in the mental health issues
of both senior and family populations. Internally, LifeSTEPS’ staff has developed an effective
work order system that allows property management to refer residents for case management
assistance in a safe and confidential manner. Residents can also self-refer when concerns arise.
In addition to regularly posted on-site drop in hours, the LifeSTEPS Director of Social Services
provides a telephone number to allow residents to contact the DSS directly for consultation.
Through regular contact, LifeSTEPS’ staff is able to monitor residents for mental health
concerns, keep residents on track with medications, intervene in crisis, and access mental health
services in the larger community when appropriate. LifeSTEPS also provides mediation services
that help family members with mental health disorders to communicate effectively with property
management or with neighbors to reduce discord, avoid needless evictions, and, in the process,
teach conflict resolution skills. LifeSTEPS also initiates social and recreational opportunities for
families to help build an integrated and cohesive community.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                                                      June 21, 2010
Redevelopment Agency                                               Residential Mixed Use Development

B. Alternate Project Concept

Project Concept – Mixed Use Senior Housing and Community Senior Center

The proposed development concept is for the creation of a 62 unit senior project created to target
the low and very-low income households. The development would be comprised of fifty-one
(51) 1-bedroom units, ten (10) 2-bedroom units, and one manager’s unit that would also be a 2-
bedroom unit. The proposed development would also incorporate the construction of a new City
Senior Center to be integrated within the overall design.

The proposed concept will include the following deign details:

       Unit Types:         Flats
       No. of Stories:     Three and Four
       Levels of Parking:  On-grade surface parking with 23 stalls for Senior Center
                           On-Grade Podium parking with 24 stalls for residents
       Combined Site Area: .92 acres/40,000 square feet
       Laundry Facility:    6 Washers & 6 Dryers
       Community Room: 1,500 square feet (includes computer room, kitchenette,
                           Manager’s office).
       City Senior Center: Approximately 12,300 s.f.

This project will be subject to a minimum low-income use period of 55 years. The proposed
target is senior households earning between 30% - 60% of Area Median Income. Conceptually,
the corresponding proforma has considered 49 units serving the very-low income households and
13 serving the low-income households.

Type of Construction and Design

 Exteriors:
   • Type V conventional wood frame over podium structure.
   • On-grade surface and podium structure parking.
   • Elevator access.
   • Unique floor plans, custom-designed interiors.
   • Modern-style building.
   • Appeals to the current residential rental market.
   • Elegant and spacious floor plans.
   • Community Room of at least 1,500 SF, which includes a kitchenette, lounge, community
      services area and common restrooms with the manager’s office.
   • Centralized laundry facilities.
   • Common Area features including extensive landscaping which includes barbeque area,
      variety of plant life, walkways, and seating areas for visitors and residents.
   • City of El Cerrito Senior Center of approximately 12,300 square feet.




AMCAL Multi-Housing                                                         Section 5: Project Concept
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Interiors:
   • Interior designs incorporate wood slab doors, aluminum or vinyl windows, painted
       gypsum board walls and ceilings, and window privacy by use of mini-blinds.
   • All floors will be carpeted, except for the entry, kitchens, dining areas and bathrooms,
       which will have ceramic tile or natural linoleum where no-VOC adhesives or backing is
       used.
   • Cabinets will be of pre-manufactured wood.
   • Kitchens will include an oven, stove, garbage disposal, dishwasher and refrigerator.
   • Bathrooms will include fiberglass bath/shower units, mirror, vanity, medicine cabinet and
       ceramic tile or natural linoleum flooring.
   • The development will exceed Title 24 energy standards by 15%, will use no-VOC
       interior paint, and CRI Green-label low-VOC carpeting and pad and low-VOC adhesive,
       and in all bathrooms will use fans that exhaust to the outdoors and are equipped with
       either a humidistat sensor or timer.
   • Owner paid utilities: water, water heating, sewer, trash.

This project has been designed to offer the maximum in comfort, security, convenience and
livability, with careful thought given to maintaining the costs of construction within a reasonable
level to accomplish this goal.

Mixed Use Senior Center Concept Discussion

This alternative concept has been designed as another option to the proposed development of the
subject property. During the due diligence process, it was contemplated to add ground floor
retail along the San Pablo frontage. Based upon the current inventory of vacant retail space in
the immediate area and the economic feasibility of finding viable retail tenants, it was
determined that additional retail may not make the most sense for this future development. With
that being said, this proposed development would create an ideal location for a new Senior
Center. The integration of an affordable senior housing development and a city-run community
senior center makes for excellent development collaboration.

It should be noted that the addition of the Senior Center creates the need to increase the overall
size and mass of the development. There will be a need for podium construction on the first
floor with the addition of some 4 floor residential units. This concept, while 4 stories; would
reduce some of the top floor units along San Pablo to create some relief in the massing and
accentuate the building articulation. In addition to the increased height, the entire San Pablo
Avenue ground floor would have more glass store-front as there would be two focal point
entries; one for the residential component, and one for the Senior Center.

In this concept there is a significant amount of additional useable space and parking that has been
added for the Senior Center. With additional space and parking, comes the need to add the
additional construction element of the podium structure to accommodate these features. The
podium structure adds significant costs, which are detailed later in the project proformas.




AMCAL Multi-Housing                                                          Section 5: Project Concept
City of El Cerrito                                    June 21, 2010
Redevelopment Agency             Residential Mixed Use Development

C. Conceptual Project Exhibits

i. Senior Housing Concept




AMCAL Multi-Housing                       Section 5: Project Concept
City of El Cerrito                                                              June 21, 2010
Redevelopment Agency                                       Residential Mixed Use Development

ii. Mixed Use Senior Housing and Community Senior Center




AMCAL Multi-Housing                                                 Section 5: Project Concept
City of El Cerrito                                                                          June 21, 2010
Redevelopment Agency                                                   Residential Mixed Use Development

C. Market Information

At this time, it is evident that there is a surplus of retail space available in the immediate area. It
is with this thought that the two concepts we have proposed would not contemplate addition
additional retail to the current market. It is our thought to focus on two options that we felt
would be the most viable considering the current and near-term market.

The need for high-quality affordable senior housing is evident across the State of California as
well as the City of El Cerrito. The demographic make up of the community is continuing to get
older, while the supply of quality residential units continues to lag behind the demand. Based
upon the 2000 Census, 30% of the El Cerrito population was age 55 and older. In addition to the
increasing older population, there are limited opportunities for affordable rental communities.
Currently, there are less than 250 affordable units designated for family and seniors combined.
There is an overwhelming demand for affordable senior housing in the community and based
upon our track record and property management partners, we feel that this project would reach
stabilization in a very short period of time.




AMCAL Multi-Housing                                                             Section 5: Project Concept
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

D. Other AMCAL Developments.

The following pages include Project Summaries of other development completed throughout the
State of California. Additional information is available upon request for any of the projects
included and site visits can be arranged.




AMCAL Multi-Housing                                                      Section 5: Project Concept
10860 & 10848 San Pablo Avenue
         El Cerrito, California     Illustrative Rendering - scheme 1
  El Cerrito Redevelopment Agency                          21 June 2010
                    KEAMEY STREET




                                         GARDEN




                                    HC      HC




COMMON AREA/LOBBY




                                                  SHUTTLE STOP



                SAN PABLO AVENUE


                                                                 n
                                                                       0     15’   30’            60’


    10860 & 10848 San Pablo Avenue
               El Cerrito, California                                Concept Ground Plan - scheme 1
        El Cerrito Redevelopment Agency                                                   21 June 2010
                    KEAMEY STREET




COMMON AREA/LOBBY




                SAN PABLO AVENUE


                                          n
                                                0     15’   30’            60’


    10860 & 10848 San Pablo Avenue
               El Cerrito, California         Concept Typical Plan - scheme 1
        El Cerrito Redevelopment Agency                            21 June 2010
                         KEAMEY STREET




                                                                   SENIOR
                                                                   CENTER
                                                                   PARKING
RESIDENT
PARKING




                                                            HC



                                                            HC




                                                 SENIOR CENTER



     COMMON AREA/LOBBY




                                                    SHUTTLE STOP



                         SAN PABLO AVENUE


                                                                             n
                                                                                    0      15’   30’            60’


            10860 & 10848 San Pablo Avenue
                      El Cerrito, California                                 Concept Ground Floor Plan - scheme 2
               El Cerrito Redevelopment Agency                                                          21 June 2010
                         KEAMEY STREET




RESIDENT                                 PODIUM GARDEN
PARKING




                                                         SENIOR CENTER



     COMMON AREA/LOBBY




                                                            SHUTTLE STOP



                         SAN PABLO AVENUE


                                                                           n
                                                                                 0     15’   30’            60’


            10860 & 10848 San Pablo Avenue
                      El Cerrito, California                                   Concept Typical Plan - scheme 2
               El Cerrito Redevelopment Agency                                                      21 June 2010
                                                                         Timber structural expres-
                                                                         sion
                                                                         Warm materials palette


                                                                         Articulated roof eaves


                                                                         Use of sloped roof
                                                                         elements

                                                                         Structured balcony forms




         Enhanced paving at main
                   building entry

Strong expression at building base


          Horizontal siding accent



 Horizontal canopy at ground floor


        Strong Corner Expression




                                     10860 & 10848 San Pablo Avenue
                                              El Cerrito, California              Context Observations
                                       El Cerrito Redevelopment Agency                        21 June 2010
                    AMCAL M u l t i - H o u s i n g ,                          Inc.
                                           D e l i v e r i n g     t h e    d r e a m .


                     Casa de Angeles 
    Location: 
  Los Angeles 
          
Year Built: 2008 
         
 Type: Family 
          
 No. Units: 49 
          
   Total Cost:  
 $16,537,000 




                     Project Description: 
                       
                     Casa de Angeles is an urban infill redevelopment that replaced 
                     old  homes  and  commercial  properties  on  a  44,000‐s.f.  site  in 
                     South  Los  Angeles.  The  community  includes  49  affordable    
                     family  units  with  2‐4  bedrooms,  built  with  Type  V  wood         
                     construction over a Type I secure subterranean garage with 49 
                     spaces.   
                      
                     Casa de Angeles is conveniently located near Dixon Park, Serra 
                     Library, 52nd St School, West Vernon Ave School, health clinics 
                     and  MTA  bus  routes.    Amenities  include  a  courtyard  and      
                     community room with social service and educational programs.  
                      
                     The project was financed with an allocation of 9% Low‐income 
                     Housing Tax Credits in 2006 and financing from the LA Housing 
                     Department.  Occupancy began in 2008.  




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                             Inc.
                                            D e l i v e r i n g       t h e    d r e a m .


                     Villas de Lago
    Location: 
  Los Angeles 
          
Year Built: 2008 
         
 Type: Family 
          
 No. Units: 74 
          
   Total Cost:   
 $ 25,377,000 




                     Project Description: 
                      
                     Villas del Lago is a 74‐unit family affordable apartment with 
                     one‐,  two‐,  and  three‐bedroom  units  designed  for  families. 
                     Construction  is  Type  V  with  four  levels  of  residential  over  a 
                     Type I podium with secure parking for residents.  Amenities 
                     include  a  community  recreation  room,  energy‐efficient      
                     appliances and design, and a green interior courtyard with a 
                     children’s play area.  
                      
                     Built  on  a  44,000  s.f.  site  in  the  Westlake/MacArthur  Park 
                     district, Villas del Lago replaces dilapidated housing. The site 
                     is  near  urban  amenities  and  services,  including  the  popular 
                     MacArthur  Park,  St.  Vincent’s  Hospital,  and  Alvarado        
                     commercial  center,  and  it  contributes  to  the  continuing     
                     revitalization of a historic community of Los Angeles. 
                       
                     Villas  del  Lago  was  funded  by  an  allocation  of  Low‐Income 
                     Housing  Tax  Credits  in  2006  and  the  Los  Angeles  Housing  
                     Department.  Occupancy began in 2008. 




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                              Inc.
                                            D e l i v e r i n g       t h e    d r e a m .


                    Villas las Americas

   Location:  
  Los Angeles 
          
Year Built: 2008 
         
 Type: Family 
          
 No. Units: 55 
          
   Total Cost:  
 $19,366,000 




                     Project Description: 
                     
                    Villas  las  Americas  is  an  urban  infill  development  that  replaced 
                    and .8‐acre vacant site in the Panorama City area of Los Angeles’ 
                    San Fernando Valley.   
                     
                    The development includes 55 affordable family units with two‐, 
                    three‐, and four‐bedroom, built with Type  V wood construction 
                    over Type I concrete underground parking.  The development is 
                    conveniently  located  near  The  Plant  shopping  center  and  on  a 
                    Rapid bus route.   
                     
                    Amenities include a courtyard, tot lot and community clubhouse.  
                    In  addition,  free  social  services  and  classes  are  provided  to     
                    tenants.  Design exceeds Title 24 energy efficiency standards by 
                    15%.  
                     
                    The  project  was  financed  with  9%  Low‐Income  Housing  Tax  
                    Credits that were allocated in 2006.  Financing was also provided 
                    by  the  Los  Angeles  Housing  Department.    Occupancy  began  in 
                    2008.  




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                 AMCAL M u l t i - H o u s i n g ,                             Inc.
                                         D e l i v e r i n g      t h e     d r e a m .


                  Casa Bella  
LOCATION:    
       


 Victorville 
        
YEAR BUILT: 
       

 2005‐2006 
       
   TYPE:  
       

   Family 
        
   UNITS:  
       

    288 
        
TOTAL COST:   
       

$38,310,000 

                  Project Description: 
                   
                  Casa  Bella  is  located  on  20  acres  at  the  intersection  of    
                  Nisqualli and Hesperia Roads in Victorville, a growing city in 
                  the Victor valley of Southern California.   
                   
                  Phase 1 included 96 affordable family apartment units in a 
                  garden‐style design with a community clubhouse and pool. 
                   
                  Two  additional  phases  were  completed  for  a  total  of  288 
                  units  with  on‐grade  surface  parking.    Shopping  and  other 
                  amenities,  including  schools  and  parks,  are  conveniently 
                  located near the new community.  
                  Financing  is  via  9%  low‐Income  Housing  Tax  Credits.        
                  Occupancy began in 2006.  
                   
                   
                   




                 30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                 818-706-0694 www.amcalhousing.com
                   AMCAL M u l t i - H o u s i n g ,                            Inc.
                                          D e l i v e r i n g      t h e     d r e a m .

                   Te s o r o d e l V a l l e

  LOCATION:
  Los Angeles

Year Built: 2006

 Type: Family

  Total Cost:
 $21,012,000




                        Project Description:
                        Tesoro del Valle is a 121-unit affordable development with 2-4-bedroom fam-
                        ily apartments that replaced a blighted, abandoned warehouse in the revital-
                        ized Lincoln Heights neighborhood. Construction is a Type V wooden struc-
                        ture over a Type I concrete podium for secure subterranean parking.

                        Tesoro del Valle is built on a 2.28-acre sire, part of the 10.0-acre “Avenue 26
                        Master Plan” with condominiums and retail located next to the Avenue 26
                        Gold Line station northeast of downtown Los Angeles.

                        The housing is adjacent to the Golden State and Pasadena Freeways along
                        with Dodger Stadium and numerous amenities that make the development
                        site a    convenient location.

                        Tesoro del Valle was funded by an allocation of 9% Low-Income Housing Tax
                        Credits in 2003. Occupancy began in 2006.




                   30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                   818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                              Inc.
                                            D e l i v e r i n g       t h e     d r e a m .


                     V illa Escondido 
        
   Location: 
 Orange Cove 
         
Year Built: 2005 
        
 Type: Family 
         
 No. Units: 81 
         
  Total Cost:  
 $12,657,000 




                    Project Description: 
                     
                    Villa  Escondido  is  an  81  unit  affordable  community  with  large 
                    two‐, three‐, and four‐bedroom family units.  Total building area 
                    is 84,450 square feet.  
                     
                    The new housing is located on a 7.0 acre site in southern Orange 
                    Cove near the Lopez Community Center and Park, Citrus Middle 
                    school  and  two  medical  clinics.    Fresno  county  local  bus  and 
                    Dial‐a‐Ride service are available.  
                     
                    Construction  is  10  residential  buildings  and  165  secure  surface 
                    parking spaces.  Amenities include a pool, lanai, children’s play 
                    area and community clubhouse. 
                     
                    The  design  exceeds  Title  24  energy  efficiency  requirements  by 
                    15%, and all appliances are “Energy Star” rated.  No‐VOC paint 
                    and low‐VOC adhesives were used.  
                     
                    Villa  Escondido  was  funded  by  9%  Low‐Income  Housing  Tax 
                    Credits,  allocated  in  2005.    Occupancy  began  in  2007,  with 
                    Mayor Victor Lopez attending the Grand Dedication ceremony.  




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                              Inc.
                                            D e l i v e r i n g       t h e    d r e a m .


                     Sommerset Place 
    Location: 
  Sacramento 
          
Year Built: 2007 
         
 Type: Family 
          
 No. Units: 96 
          
   Total Cost:  
 $13,432,000 




                    Project Description: 
                     
                    Sommerset Place is a 96‐unit affordable development with two 
                    and  three‐bedroom  large  family  units.    Total  building  area  is 
                    96,454 square feet.  
                     
                    The  new  housing  is  located  on  a  5.7  acre  site  adjacent  to    
                    Morrison Creek in southern central Sacramento near the Florin 
                    Mall, Will Wood Middle School and Molina Medical Center.  A 
                    major bus line runs on nearby Stockton Boulevard.   
                     
                    Construction  is  eight  residential  buildings    and  161  secure    
                    surface  parking  spaces.    Amenities  include  a  pool,  children’s 
                    play area and a community clubhouse.  
                     
                    The design exceeds Title 24 energy efficiency requirements by 
                    15%  and  all  appliances  are  Energy  Star  rated.    No‐VOC  paint 
                    and low‐VOC adhesive were used.   
                     
                    Sommerset  Place  in  funded  by  9%  Low‐Income  Housing  Tax 
                    credits,  allocated  in  2005.    Construction  began  in  April  2006, 
                    and occupancy began in August 2007. 




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                       Inc.
                                         D e l i v e r i n g    t h e    d r e a m .


                     F l o r e s   d e l   Va l l e  
   LOCATION: 
  Los Angeles 
          
Year Built: 2007 
         
  Type: Family 
          
 No. Units: 146 
          
   Total Cost:  
  $29,876,000 




                    Project Description: 
                    Flores  del  Valle  is  a  146‐unit  affordable  development  with  two‐,  three–  and  four 
                    bedroom large family apartments.  
                     
                    Flores del Valle replaces a blighted, vacant warehouse and is helping to revitalize a   
                    historic neighborhood northeast of downtown Los Angeles.  It is part of a large area   
                    maser  development  that  includes  workforce  apartments,  market‐rate                    
                    condominiums and lofts, and retail shops.  A childcare center is available for tenants 
                    and  area  residents.    The  new  housing  is  located  next  to  the  new  Avenue  26  Gold 
                    Line Station northeast of downtown Los Angeles.  The Golden State and Pasadena 
                    Freeways  along  with  Dodger  Stadium  and  other  amenities  make  the  site  a            
                    convenient location.  
                     
                    Construction is a Type V wooden structure over a Type I concrete podium for secure 
                    subterranean parking.   
                     



                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                              Inc.
                                            D e l i v e r i n g       t h e    d r e a m .


                     Te m p l e   V i l l a s  
         
    Location: 
  Los Angeles 
         
Year Built: 2007 
         
 Type: Family 
          
 No. Units: 52 
          
   Total Cost:  
 $13,303,000 




                     Project Description: 
                      
                     Temple  Villas  is  a  52‐unit  affordable  apartment  with  one‐, 
                     two‐,  three–  and  four‐bedroom  family  units.    Total  buildable 
                     area is 58,100 square feet.   
                      
                     The new housing is located on a 32,000 square foot site west 
                     of  downtown  Los  Angeles  in  the  Beaudry/Echo  Park  district, 
                     near schools, medical clinics and Echo Park.  MTA bus service 
                     is available for residents along Temple Street.  Construction is 
                     one  four‐story  residential  building  over  a  subterranean     
                     parking  garage    of  52  spaces.    Amenities  include  a  children’s 
                     play area, landscaping and community clubhouse.   
                      
                     The design exceeds Title 24 energy efficiency requirements by 
                     15%, and all appliances are Energy‐Star rated.  No‐VOC paint 
                     and low‐VOC adhesives were used.  
                      
                     Temple  Villas  was  funded  by  9%  Low‐Income  Housing  Tax 
                     Credits, allocate in 2005, and City of Industry funds 




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                              Inc.
                                            D e l i v e r i n g       t h e    d r e a m .


                     Sandstone 
   Location: 
    Fresno 
         
Year Built: 2008 
        
 Type: Family 
         
 No. Units: 69 
         
  Total Cost:  
 $12,590,000 




                     Project Description: 
                      
                     The  Sandstone  Family  Apartments  brings    new  affordable   
                     housing to south Fresno in the growing San Joaquin Valley.  The 
                     development is located on 4.9 acres and offers many amenities 
                     for  its  residents,  including  open  space,  a  pool,  barbeque  area, 
                     children’s play area and a community clubhouse.  The commu‐
                     nity  is  conveniently  located  near  a  park,  school,  health  clinic 
                     and Fresno city bus route.   
                      
                     There are 69 units, with two‐, three‐, and four‐bedrooms, built 
                     with  Type  V  wood  construction  on  a  concrete  slab  with  124  
                     surface  parking  stalls.    The  design  exceeds  Title  24  Energy      
                     Efficiency  requirements  by  15%  and  includes  Energy  Star       
                     appliances. 
                      
                     The  project  was  financed  with  an  allocation  of  Low‐Income 
                     Housing  Tax  Credit  equity  that  was  awarded  in  the  second 
                     round of 2006.  Construction began in 2007 with occupancy in 
                     2008.  




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                             Inc.
                                            D e l i v e r i n g      t h e     d r e a m .


                     Los V ientos 
    LOCATION:
    San Diego

 Year Built: 2009

  Type: Family

    Units: 89

Cost: $31,788,000




                     Project Description: 
                      
                     Los  Vientos  replaces  underutilized  industrial  parcels  and  helps  to  revitalize  Barrio 
                     Logan,  which  is  located  next  to  downtown  near  San  Diego’s  new  baseball  Stadium, 
                     Petco Park, and urban developments.  
                      
                     The  contemporary  Spanish  development  is  located  on  two  parcels  of  1.04  acres  and     
                     consists of two buildings with 89 affordable family units of 2‐4 bedrooms.  Construc‐
                     tion is four levels of Type V wood construction over Type I concrete underground park‐
                     ing. Design is Title 24 +15% energy efficiency.   
                      
                     Los  Vientos  is  conveniently  located  near  downtown  employment  opportunities,  the 
                     12th Street trolley station, Chicano Park, Perkins Elementary School and grocery mar‐
                     kets.    Amenities  include  a  children’s  play  area  in  the  courtyard,  outdoor  barbeque 
                     area, and 1,400‐s.f. community clubhouse with a computer lab.  
                      




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                                 Inc.
                                             D e l i v e r i n g        t h e     d r e a m .


                     V illa Serena 
    Location: 
  Los Angeles 
          
Year Built: 2009 
         
 Type: Family 
          
    Units: 85 
          
   Total Cost:   
 $ 31,439,000 




                    Project Description: 
                     
                    Villa Serena is an 85‐unit family affordable apartment with 2‐4‐bedroom units designed for 
                    families.  Construction  is  Type  V  with  four  levels  of  residential  over  a  Type  I  podium  with  
                    secure parking for residents.  
                     
                    Built  on  a  1.5‐acre  infill  site  in  unincorporated  eastern  Los  Angeles,  Villa  Serena  replaces 
                    dilapidated  housing.  The  site  is  near  urban  amenities  and  services,  including  the  popular 
                    Obregon Park, Queenscare Clinic, and two new Gold Line stations, and it contributes to the 
                    continuing revitalization of a historic community of Los Angeles. 
                      
                    Villa Serena was funded by an allocation of 4% Low‐Income Housing Tax Credits in 2006 and 
                    funds from  the Los Angeles County Community Development Commission.  
                     
                    Amenities  include  a  community  recreation  room,  energy‐efficient  appliances  and  design, 
                    and a green interior courtyard with a children’s play area. Occupancy began in 2009. 




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                                 Inc.
                                             D e l i v e r i n g        t h e     d r e a m .


                     Puerta del Sol 
    Location: 
  Los Angeles 
          
Year Built: 2006 
         
  Type: Family 
          
 No. Units: 165 
          
   Total Cost:  
  $42,000,000 




                    Project Description: 
                     
                    Puerta  del  Sol  is  a  165‐unit  mixed‐
                    use  condominium/retail  project    
                    located northeast of downtown Los 
                    Angeles  in  historic  Lincoln  Heights.  
                    The development is part of the on‐
                    going revitalization of the neighbor‐
                    hood.  
                    Puerta  del  Sol  is  located  on  a  2.9‐acre  site,  part  of  a     
                    master plan development adjacent to the Ave 26 Gold Line 
                    station.  The homes are designed around a large courtyard 
                    and have a mix of studios, lofts, and two, three and four‐
                    bedroom    family  flats,  most  with  balconies  or    patios.  
                    Live‐work  units  line  the  frontage  and  have  street  access, 
                    creating a pedestrian environment.   
                    Equity funding was provided by the Genesis LA Economic 
                    Development  Corp.’s  “Genesis  Workforce  Housing  Fund.”  
                    The fund is managed by Phoenix Realty Group, and Puerta 
                    del Sol is its inaugural investment in Los Angeles.  
                     
                    Occupancy began in November 2006.  
                     

                    30141 Agoura Road, Suite 10, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
                    AMCAL M u l t i - H o u s i n g ,                            Inc.
                                           D e l i v e r i n g       t h e    d r e a m .


                    Brookfield Place 
        
   Location: 
   Oakland  
         
Year Built: 2009 
        
 Type: Family 
         
 No. Units: 58 
         
  Total Cost:  
 $12,566,000 




                     Project Description: 
                      
                     Brookfield  Place  is  a  mixed‐use  development  that  replaces  underutilized         
                     commercial  infill  parcels  and  to  revitalizes  an  Oakland  area  with  a  shortage  of  
                     affordable housing for families.  
                      
                     The development is located on 1.6 acres, and it consists of 58 affordable family 
                     units with one‐, two‐, and three‐bedrooms for families and 2,440 square feet of 
                     ground floor retail.  Construction is three levels of Type V wood construction with 
                     surface parking.  Design is Title 24 +15% energy efficient.  
                      
                     The  development  is  conveniently  located  near  an  Alameda  County  Transit  bus 
                     line, Ira Jenkins Park and Recreation Center, Brookfield Brach Library, Brookfield 
                     Elementary School, Albert J. Thomas Medical Clinic and grocery markets.  Onsite 
                     amenities include a children’s play area, central courtyard and 1000 square foot 
                     community clubhouse with a computer lab.  
                      
                     The  project  was  financed  with  an  allocation  of  9%  Low‐Income  Housing  Tax   
                     Credits in 2007 and state Affordable Housing Program funds.  Occupancy began in 
                     2009.  




                    30141 Agoura Road, Suite 100, Agoura Hills, CA 91301
                    818-706-0694 www.amcalhousing.com
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

6. Financial Overview

A. Current underwriting

Because of AMCAL’s track record as an affordable developer, the company’s equity and debt
investors remain committed in full to its recent developments in 2008, which include the Palo
Verde Terrace senior apartments in Palmdale (78 units completed in 2010), Andalucia family
apartments in Los Angeles (75 units under construction), Santa Fe family apartments in
Bakersfield (56 units), and Cordova family apartments in Selma in Fresno County (81 units).

   Palo Verde Terrace (Palmdale): $11,800,000 investment by Union Bank of California.
   Andalucia (Los Angeles): $25,000,000 syndication by Hudson Housing Capital and
   investment by JP Morgan Chase.
   Santa Fe (Bakersfield): $11,000,000 investment per federal stimulus tax credit exchange
   program.
   Cordova (Selma-Fresno Co.): $15,000,000 investment per federal stimulus tax credit
   exchange program.

Some tax credit projects that received awards in the second round of 2008 returned tax credits.
Their financiers could not fully fund their commitments during the current credit crisis and
economic recession, and that loss of financing made those projects unfeasible to develop.

In the recent 2009 tax credit round, AMCAL received 5 allocations of 9% tax credits. Major
equity investors have solicited the company to fund those developments, which are located in the
cities of Los Angeles, Westminster, Rancho Palos Verdes and Fresno. Bank of America, Boston
Capital, and JP Morgan Chase are three who will provide tax-credit equity for AMCAL’s new
developments.

AMCAL has never returned tax credits for failure to perform, on its 39 awards since 1996
(which had a combined allocation of $420,000,000 in tax-credit allocations), and the financiers
of the four current 2008 projects remain invested in full. These financiers have closed many
deals in the past but are very selective of development partners during the current recession.
They understand AMCAL’s 12-year track record of tax credit performance, and even with their
stricter underwriting requirements, they trust that AMCAL will continue to complete its projects
on time and within budget.

Financial Capacity

AMCAL is well-positioned to meet the increased challenges of obtaining public and private
financing for developments in El Cerrito.

Most developments require soft funding from the local redevelopment or housing agency in
order to win a tax credit award. Sources of subsidy may include a land donation or grant from the
City of El Cerrito and other public agency sources to cover the financing gap.




AMCAL Multi-Housing                                                     Section 6: Financial Overview
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

AMCAL has never defaulted on any private loans nor failed to return private equity
contributions. AMCAL has never lost nor surrendered public grants or loans due to failure to
perform.

AMCAL’s ability to pay off construction and permanent loans according to their terms and
schedules results in large financial institutions regularly soliciting AMCAL for repeat business.
SunAmerica Affordable Housing Partners has financed 23 developments. California Community
Reinvestment Corporation has financed the permanent loan for 22 developments. California
Bank and Trust has financed the construction loan on 12 developments, and Chase (formerly
Washington Mutual) has financed the construction loan on 7 developments. U.S. Bank has
financed 5 developments, and Union Bank of California has finance 4 developments.

AMCAL has never lost nor surrendered public funds that were awarded by the following federal,
state and local agencies. TCAC requires building permits to be secured five months after
allocation and construction to be completed within 21-25 months of issuance of permits, and
AMCAL has met those deadlines on all 31 of its completed affordable apartment projects (which
had a combined allocation of $316,000,000 in tax-credit financing):

Allocations for federal 4% and 9% tax-credit projects (CDLAC and TCAC)
1998-2009: 39 projects, 3,405 units, $419,206,000 total value of tax credits.

2009 awards: 5 projects, 274 units, $54,970,000 total value of tax credits.
Project name                             City            Type              Units          Allocation
Mosaic                          Los Angeles            Family                58         $13,700,000
Montecito Terraces              Los Angeles            Senior                98         $14,003,000
Mirandela              Rancho Palos Verdes             Senior                34         $ 7,273,000
Royale           Westminster (Orange Co.)              Family                36         $12,666,000
Summer Hill Place                     Fresno           Family                50         $ 7,328,000

2008 awards: 4 projects, 290 units, $37,033,000 total value of tax credits.
Project name                             City            Type              Units          Allocation
Palo Verde Terrace                  Palmdale           Senior                78         $ 6,475,000
Andalucia                       Los Angeles            Family                75         $13,340,000
Santa Fe                         Bakersfield           Family                56         $ 7,130,000
Cordova                  Selma (Fresno Co.)            Family                81         $10,089,000

2007 awards: 2 projects, 147 units, $26,847,000 total value of tax credits.
Project name                             City            Type              Units          Allocation
Los Vientos                       San Diego            Family                89         $18,631,000
Brookfield Place                     Oakland           Family                58         $ 8,216,000

2006 awards: 7 projects, 481 units, $79,959,000 total value of tax credits.
Project name                             City            Type              Units          Allocation
Villa Esperanza          Avenal (Kings Co.)            Family                81         $10,753,000
Valle del Sol        Brawley (Imperial Co.)            Family                72         $ 8,898,000
Casa de Angeles                 Los Angeles            Family                49         $10,926,000



AMCAL Multi-Housing                                                       Section 6: Financial Overview
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

Villas del Lago                 Los Angeles            Family                 74        $16,999,000
Villas Las Americas             Los Angeles            Family                 55        $13,354,000
Sandstone                            Fresno            Family                 69        $ 9,057,000
Cielo Azul                         Palmdale            Senior                 81        $ 9,972,000

2005 awards: 4 projects, 343 units, $36,935,000 total value of tax credits.
Project name                             City            Type              Units          Allocation
Sommerset Place                  Sacramento            Family                96         $ 9,450,000
Casa Bella (Ph. II)                Coachella           Family               112         $12,810,000
Maywood Villas                  Los Angeles            Senior                54         $ 5,925,000
Villa Escondido        Orange Cove-Fresno              Family                81         $ 8,750,000

2004 awards: 5 developments, 421 units, $52,650,000 total value of tax credits.
Project name                           City           Type              Units             Allocation
Casa Bella (Phase 1b)           Victorville         Family                 96           $ 8,771,000
Casa La Paz                     Coachella           Family                 61           $ 8,460,000
Las Brisas                    Los Angeles           Family                 66           $ 8,848,000
Flores del Valle              Los Angeles           Family                146           $19,222,000
Temple Villas                 Los Angeles           Family                 52           $ 7,350,000

2003 awards: 4 developments, 493 units, $49,480,000 total value of tax credits.
Project name                           City           Type              Units             Allocation
Casa Bella (Phase 1a)           Victorville         Family                 96           $12,228,000
Camino al Oro                 Los Angeles            Senior               121           $ 8,641,000
Tesoro del Valle              Los Angeles           Family                102           $14,313,000
Portofino Villas                  Pomona             Senior               174           $14,299,000

Allocations for federal 4% tax-credit projects (CDLAC)
2006 award
Project name                             City          Type               Units           Allocation
Villa Serena                    Los Angeles          Family                 85          $12,290,000

Allocations for state funding
2008 award: Infill Infrastructure Grant
Project name                            City             Type             Units           Allocation
Andalucia                        Los Angeles           Family               75           $4,327,000

2008 awards: Affordable Housing Program (AHP): 4 developments, 208 units, $857,550 value.
Project name                         City           Type           Units         Allocation
Cielo Azul                       Palmdale         Senior              81        $ 308,000
Los Vientos                     San Diego         Family              89        $ 704,000
Villas del Lago               Los Angeles         Family              74        $ 366,000
Villa Serena                  Los Angeles         Family              85        $ 416,000

2007 awards: Affordable Housing Program (AHP): 3 developments, 208 units, $857,550 value.
Project name                         City          Type            Units         Allocation



AMCAL Multi-Housing                                                       Section 6: Financial Overview
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

Sommerset Place                Sacramento           Family                  96          $ 385,400
Maywood Villas                  Maywood             Senior                  54          $ 230,000
Brookfield Place                  Oakland           Family                  58          $ 242,150
Cielo Azul                       Palmdale           Senior                  81          $ 332,000
Casa Esperanza          Avenal (Kings Co.)          Family                  81           $ 324,000

2006 award: Multi-Family Housing Program (MHP)
Project name                         City       Type                    Units           Allocation
Villa Serena                 Los Angeles       Family                     85           $5,282,000

2006 awards: Affordable Housing Program (AHP): 2 developments, 143 units, $564,000 value.
Project name                         City           Type           Units         Allocation
Sandstone                          Fresno         Family              69        $ 272,000
Villas del Lago               Los Angeles         Family              74        $ 292,000

2004 award: Affordable Housing Program (AHP)
Project name                         City             Type              Units           Allocation
Camino al Oro                Los Angeles             Senior              121           $ 500,000

Allocations of CNMA/ARCS
2002 award
Project name                          City            Type              Units           Allocation
Serenity Villas                    Pomona            Senior              174           $ 5,138,000

2000 Award: 2 developments, 348 units, $16,655,000 total value.
Project name                          City            Type              Units           Allocation
Casablanca                      Palmdale            Family               200          $13,720,000
Sorrento Villas               Simi Valley           Senior               148           $ 2,935,000


Allocations for local funding
2010 award: City of Oakland
Project name                          City            Type              Units           Allocation
Macarthur Apartments               Oakland          Family                32           $3,850,000

2009 award: City of Fresno
Project name                          City            Type              Units           Allocation
Summer Hill                         Fresno          Family                50           $2,000,000

2009 award: City of Brawley RDA
Project name                       City              Type               Units           Allocation
Meadowbrook                     Brawley             Family                64           $1,250,000

2008 award: City of Westminster RDA
Project name                        City             Type               Units           Allocation
Royale                        Westminster           Family                36           $5,540,000



AMCAL Multi-Housing                                                     Section 6: Financial Overview
City of El Cerrito                                                                 June 21, 2010
Redevelopment Agency                                          Residential Mixed Use Development


2008 award: City of Rancho Palos Verdes
Project name                          City          Type            Units           Allocation
Mirandela             Rancho Palos Verdes          Senior             34           $6,790,000

2008 award: CRA - City of Los Angeles
Project name                          City          Type            Units           Allocation
Sunrise                       Los Angeles          Senior                            $890,000

2008 award: CRA - City of Los Angeles
Project name                          City          Type            Units           Allocation
Mosaic                        Los Angeles         Family              56           $5,200,000

2008 award: City of Los Angeles - L.A. Housing Dept.
Project name                           City          Type           Units           Allocation
Andalucia                     Los Angeles          Family             75           $5,354,000

2008 award: County of Los Angeles - HACOLA (City of Industry funds)
Project name                         City         Type              Units           Allocation
Andalucia                    Los Angeles        Family                75           $2,000,000

2008 award: City of Bakersfield
Project name                          City         Type             Units           Allocation
Santa Fe                        Bakersfield       Family              58           $2,400,000

2007 & 2009 awards: City of Selma (Fresno Co.)
Project name                          City         Type             Units           Allocation
Cordova                             Selma         Family              81           $1,000,000

2007 & 2009 awards: County of Fresno
Project name                         City          Type             Units           Allocation
Cordova                            Selma          Family              81           $1,835,000

2007 award: City of Palmdale
Project name                          City          Type            Units           Allocation
Palo Verde Terrace                Palmdale         Senior             78           $1,200,000

2007 award: San Diego Redevelopment Agency.
Project name                        City           Type             Units           Allocation
Los Vientos                    San Diego          Family              89           $8,298,000

2006 awards: Los Angeles Housing Trust Fund (Los Angeles Housing Dept.): 2 developments,
129 units, $9,939,000 total value.
Project name                            City       Type          Units         Allocation
Villas Las Americas              Los Angeles     Family            55         $4,657,000
Villas del Lago                  Los Angeles     Family            74         $5,282,000



AMCAL Multi-Housing                                                 Section 6: Financial Overview
City of El Cerrito                                                                June 21, 2010
Redevelopment Agency                                         Residential Mixed Use Development

2006 award: Los Angeles County Community Development Commission (HOME)
Project name                        City         Type          Units               Allocation
Villa Serena                 Los Angeles        Family            85              $4,439,000

2006 award: City of Fresno
Project name                         City          Type            Units           Allocation
Sandstone                          Fresno         Family             69           $1,200,000

2005 award: Los Angeles Housing Trust Fund (Los Angeles Housing Dept.).
Project name                         City          Type           Units            Allocation
Casa de Angeles              Los Angeles          Family              49         $ 3,473,000

2005 award: City of Palmdale
Project name                        City           Type            Units           Allocation
Cielo Azul                      Palmdale          Senior             81           Land lease
                                                                              at nominal rate
2005 award: City of Maywood
Project name                        City           Type            Units           Allocation
Maywood Villas                  Maywood           Senior             54           $1,350,000

2005 award: City of Orange Cove (Fresno County)
Project name                          City          Type           Units           Allocation
Villa Escondido              Orange Cove          Family             81             $100,000

2004 award: Los Angeles Housing Trust Fund (Los Angeles Housing Dept.): 2 developments,
211 units, $6,750,000 total value.
Project name                            City     Type           Units         Allocation
Las Brisas                       Los Angeles    Family            66         $2,950,000
Flores del Valle                 Los Angeles    Family           146         $3,800,000

2003 award: Los Angeles Housing Dept.
Project name                         City          Type            Units           Allocation
Castelar                     Los Angeles          Family            101             $525,000

1999 award: County of Santa Barbara HOME/ CDBG
Project name                          City      Type               Units           Allocation
Positano            Goleta (Santa Barbara)     Family               118           $7,375,000




AMCAL Multi-Housing                                                Section 6: Financial Overview
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

B. Lending market

Construction and permanent loan commitments and funds will be available from the likes of
Wells Fargo, Citibank, California Bank and Trust, Chase, Hanmi Bank, U.S. Bank, Union Bank
and other AAA-rated real estate lenders. Many of the lenders from which AMCAL chooses to
borrow are some of the largest and most experienced financial institutions in the country, and
most carry AAA credit ratings. The amounts required from, and basic terms assumed for the
conventional loans are detailed in the proforma that are completed for specific developments.

1. Construction loans

AMCAL has financed 40 developments since 1996 with $235,013,000 in loans from major
banks.

California Bank and Trust: 12 developments, $52,874,000 total loans.
Project name                         City        Type      Units        Year        Loan amount
Castelar                      Los Angeles      Family         101       2003        $ 4,000,000
Casa Figueroa                 Los Angeles      Family          49       2003        $ 1,445,000
Portofino Villas                  Pomona       Senior         174       2005        $ 5,400,000
Las Brisas                    Los Angeles      Family          66       2006        $ 3,150,000
Tesoro del Valle              Los Angeles      Family         121       2006        $ 6,050,000
Casa La Paz                     Coachella      Family          61       2006        $ 4,090,000
Flores del Valle              Los Angeles      Family         146       2007        $ 8,000,000
Maywood Villas                  Maywood        Senior          54       2007         $ 1,210,000
Temple Villas                 Los Angeles      Family          52       2007        $ 1,933,000
Casa de Angeles               Los Angeles      Family          49       2008        $ 9,337,000
Valle del Sol                     Brawley      Family          72       2008        $ 5,193,000
* Santa Fe                     Bakersfield     Family          50       2011        $ 2,900,000

Chase (formerly Washington Mutual): 7 developments, $56,067,000 total loans.
Project name                        City       Type      Units       Year           Loan amount
Villa Esperanza       Avenal-Kings Co.       Family         81       2008            $ 5,534,000
Villas del Lago            Los Angeles       Family         74       2008           $ 9,200,000
Villas Las Americas        Los Angeles       Family         55       2008           $ 8,105,000
Cielo Azul                    Palmdale       Senior         81       2008            $ 6,317,000
Sandstone                       Fresno       Family         69       2008           $ 5,000,000
Los Vientos                  San Diego       Family         89       2008           $12,673,000
* Andalucia                Los Angeles       Family         75       2010           $ 9,238,000




U.S. Bank: 5 developments, $35,724,000 loan.



AMCAL Multi-Housing                                                    Section 6: Financial Overview
City of El Cerrito                                                                    June 21, 2010
Redevelopment Agency                                             Residential Mixed Use Development

Project name                        City         Type       Units       Year        Loan amount
Villa Serena                Los Angeles          Family       85        2008        $ 4,693,000
Brookfield Place                Oakland          Family       58        2008        $ 7,604,000
* Montecito Terraces Panorama City-L.A.          Senior       98        2011        $ 8,229,000
* Mosaic                    Los Angeles          Family       56        2011        $ 7,499,000
* Cordova             Selma (Frenso Co.)         Family       81        2011        $ 7,699,000

Union Bank of California: 4 developments, $28,239,000 total loans.
Project name                       City         Type        Units       Year        Loan amount
Positano         Goleta (Santa Barbara)        Family         118       1999         $ 7,370,000
Sorrento Villas             Simi Valley        Senior         148       2000        $ 1,815,000
Palo Verde Terrace             Palmdale        Senior          78       2009        $ 8,100,000
* Royale                    Westminster        Family          56       2011        $10,491,000

Wells Fargo: 2 developments, $7,980,000 total loans.
Project name                       City          Type       Units       Year        Loan amount
Casa Grande                    Coachella Farmworker           81        2001         $ 4,330,000
Camino al Oro                Los Angeles        Senior       102        2006        $ 3,560,000

Hanmi Bank: 2 developments, $7,038,000 loan.
Project name                     City          Type         Units       Year        Loan amount
Villa Escondido Orange Cove-Fresno Co.       Family           81        2007        $ 2,760,000
Sommerset                   Sacramento       Family           96        2007        $ 4,278,000

Citibank Community Development: 1 development, $34,000,000 loan.
Project name                    City         Type       Units           Year        Loan amount
Puerta del Sol           Los Angeles    Condomin.        165            2007         $34,000,000

Bank of America: 1 development, $2,888,000 loan.
Project name                        City        Type        Units       Year        Loan amount
* Mirandela         Rancho Palos Verdes          Senior       34        2011         $ 2,888,000

Boston Capital: 1 development, $4,534,000 loan.
Project name                         City         Type      Units       Year        Loan amount
* Summer Hill                      Frenso       Family        50        2011        $ 4,534,000

* - under construction




AMCAL Multi-Housing                                                    Section 6: Financial Overview
City of El Cerrito                                                                  June 21, 2010
Redevelopment Agency                                           Residential Mixed Use Development

2. Permanent loans

AMCAL has financed 36 developments since 1998 with $116,034,000 in loans from private
financial institutions.

California Community Reinvestment Corporation: 22 developments, $70,936,000 total loans.

Project name                         City         Type     Units      Year        Loan amount
Positano           Goleta (Santa Barbara)       Family      118       1999         $ 2,840,000
Casa Grande                    Coachella    Farmworker       81       2001         $ 1,140,000
Castelar                     Los Angeles        Family      101       2003        $ 2,830,000
Portofino Villas                 Pomona         Senior      174       2005        $ 5,465,000
Tesoro del Valle             Los Angeles        Family      121       2006        $ 5,900,000
Camino al Oro                Los Angeles        Senior      102       2006        $ 3,560,000
Las Brisas                   Los Angeles        Family       66       2006        $ 3,160,000
Casa La Paz                    Coachella        Family       61       2006        $ 2,650,000
Flores del Valle             Los Angeles        Family      146       2007        $ 7,100,000
Maywood Villas                 Maywood          Senior       54       2007         $ 1,210,000
Temple Villas                Los Angeles        Family       52       2007        $ 1,933,000
Villa Escondido     Orange Cove (Fresno)        Family       81       2007        $ 2,658,000
Sommerset                    Sacramento         Family       96       2007        $ 4,278,000
Valle del Sol                    Brawley        Family       72       2008        $ 2,041,000
Villa Esperanza        Avenal-Kings Co.         Family       81       2008         $ 1,700,000
Villas del Lago              Los Angeles        Family       74       2008        $ 3,565,000
Villas Las Americas          Los Angeles        Family       55       2008        $ 3,027,000
Cielo Azul                      Palmdale        Senior       81       2008         $ 3,573,000
Sandstone                         Fresno        Family       69       2008        $ 2,244,000
Brookfield Place                 Oakland        Family       58       2008        $ 4,141,000
* Andalucia                  Los Angeles        Family       75       2010        $ 2,680,000
* Montecito Terraces Panorama City-L.A.         Senior       98       2011        $ 4,480,000
* Santa Fe                    Bakersfield       Family       50       2011        $ 1,485,000

SunAmerica Affordable Housing Partners: 3 developments, $10,176,000 total loans.
Project name                       City          Type    Units       Year       Loan amount
Casa Bella (Ph. 1a)         Victorville        Family       96      2006         $ 2,700,000
Casa Bella (Ph. 1b)         Victorville        Family       80      2006         $ 2,800,000
Casa Bella (Ph. 2)          Victorville        Family      112      2006         $ 4,676,000

Chase (formerly Washington Mutual): 2 developments, $7,641,000 total loans.
Project name                        City        Type     Units        Year        Loan amount
Villa Escondido   Orange Cove (Fresno)        Family        81        2007        $ 2,760,000
Los Vientos                  San Diego        Family        89        2008        $ 4,141,000




AMCAL Multi-Housing                                                  Section 6: Financial Overview
City of El Cerrito                                                                  June 21, 2010
Redevelopment Agency                                           Residential Mixed Use Development

U.S. Bank: 2 development, $5,936,000 total loans.
Project name                        City           Type    Units      Year        Loan amount
Villa Serena                 Los Angeles          Family     85       2008         $ 4,693,000
* Mosaic                     Los Angeles          Family     56       2011        $ 1,243,000

California Bank and Trust: 1 development, $2,377,000 loan.
Project name                         City          Type    Units      Year        Loan amount
Casa de Angeles               Los Angeles        Family      49       2008        $ 2,377,000

Union Bank of California: 2 development, $10,650,000 loan.
Project name                        City          Type     Units      Year        Loan amount
Palo Verde Terrace              Palmdale         Senior      78       2009        $ 8,100,000
* Royale                     Westminster        Family       36       2011        $ 2,550,000

Bank of America Merrill Lynch: 1 development, $689,000 loan.
Project name                        City         Type     Units       Year        Loan amount
* Mirandela        Rancho Palos Verdes          Senior       34       2010         $ 689,000

Boston Capital: 1 development, $1,500,000 loan.
Project name                         City         Type     Units      Year        Loan amount
* Summer Hill                      Frenso       Family       50       2011        $ 1,500,000

Citibank: 1 development, $2,263,000 loan.
Project name                         City          Type    Units      Year        Loan amount
* Cordova             Selma (Frenso Co.)         Family      81       2011        $ 2,263,000

* - under construction




AMCAL Multi-Housing                                                  Section 6: Financial Overview
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

D. Equity market

1. Tax-credit syndication

AMCAL’s reputation as a successful urban developer has led to partnerships with important
players in the California financial and real estate communities. SunAmerica - one of the largest
financial conglomerates in the world - has regularly invested in AMCAL’s affordable projects
through the purchase of the low-income tax credits by its SunAmerica Affordable Housing
Partners subsidiary, and this cash serves as equity for the early development of these projects. In
recent years, SunAmerica has provided equity and debt investments in excess of $200,000,000.

Since 1988, SunAmerica has invested in over 900 affordable housing properties with 130,000
units representing a total development cost in excess of $10 billion. In addition, the strong
institutional response to the SunAmerica Affordable Housing Partners Program has made it one
of the industry’s leading recipients of corporate equity investments with $5.1 billion raised to
date.

With SunAmerica’s withdrawal from the tax credit market, AMCAL has successfully pursued
additional equity investors. Even with stricter underwriting standards during the recession,
investors consider and seek out AMCAL as a strong development partner for tax credit equity.
The 2009 projects include equity via tax credit syndicators and purchasers Hudson Housing
Capital and investors Bank of America, Union Bank of California, Boston Capital and JP
Morgan Chase.




AMCAL Multi-Housing                                                       Section 6: Financial Overview
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed Use Development

2. Private financial institutions

AMCAL has financed 39 developments since 1996 with $322,540,000 in tax-credit equity from
large private financial institutional investors.

SunAmerica Affordable Housing Partners: 23 developments, $204,177,000 in tax-credit equity.

Project name                        City           Type      Units     Year      Equity amount
Castelar                    Los Angeles          Family        101     2003        $ 9,950,000
Casa Figueroa               Los Angeles          Family         49     2003        $ 6,325,000
Portofino Villas                Pomona           Senior        174     2005        $11,715,000
Camino al Oro               Los Angeles          Senior        102     2006        $ 6,540,000
Tesoro del Valle            Los Angeles          Family        121     2006        $11,100,000
Casa Bella (Ph. 1a)           Victorville        Family         96     2006        $ 9,457,000
Casa Bella (Ph. 1b)           Victorville        Family         80     2006        $ 7,236,000
Casa La Paz                   Coachella          Family         61     2006        $ 7,200,000
Las Brisas                  Los Angeles          Family         66     2006        $ 6,355,000
Flores del Valle            Los Angeles          Family        146     2007        $16,900,000
Maywood Villas                Maywood            Senior         54     2007        $ 4,485,000
Temple Villas               Los Angeles          Family         52     2007        $ 6,161,000
Casa Bella (Ph. 2)            Victorville        Family        112     2007        $ 7,708,000
Villa Escondido     Orange Cove (Fresno)         Family         81     2007        $ 7,737,000
Sommerset                    Sacramento          Family         96     2007        $ 8,571,000
Casa de Angeles             Los Angeles          Family         49     2008        $ 9,742,000
Villa Esperanza        Avenal-Kings Co.          Family         81     2008        $10,562,000
Villas del Lago             Los Angeles          Family         74     2008        $14,785,000
Villas Las Americas         Los Angeles          Family         55     2008        $11,664,000
Cielo Azul                     Palmdale          Senior         81     2008        $ 9,238,000
Sandstone                         Fresno         Family         69     2008        $ 8,395,000
Brookfield Place                Oakland          Family       58       2008        $ 4,831,000

Hudson Housing Capital: 6 developments, $56,355,000 in tax-credit equity.
Project name                      City           Type       Units      Year      Equity amount
Serenity Villas                 Pomona          Senior        174      2002        $ 5,138,000
Valle del Sol                   Brawley        Family          72      2008        $ 8,919,000
Los Vientos                   San Diego        Family          89      2008        $10,788,000
* Andalucia                 Los Angeles        Family          75      2010        $10,138,000
* Montecito Terraces Panorama City-L.A.         Senior         98      2011        $ 9,374,000
* Mosaic                    Los Angeles        Family          56      2011        $ 9,795,000

Union Bank of California: 2 developments, $16,444,000 in tax-credit equity.
Project name                        City          Type       Units      Year     Equity amount
* Palo Verde Terrace            Palmdale         Senior       78       2009        $ 5,800,000
* Royale                     Westminster        Family        36       2011        $ 9,499,000




AMCAL Multi-Housing                                                   Section 6: Financial Overview
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed Use Development

John Hancock Realty Advisors: 2 developments, $6,960,000 in tax-credit equity.
Project name                      City           Type       Units      Year    Equity amount
Sorrento Villas           Simi Valley           Senior        148      2000      $ 2,935,000
Casa Grande                 Coachella    Farmworker            81      2001      $ 4,025,000

Edison Housing Capital: 1 development, $6,438,000 in tax-credit equity.
Project name                        City          Type       Units      Year       Equity amount
Positano          Goleta (Santa Barbara)        Family          118     1999         $ 6,438,000

Verizon Housing Capital: 1 development, $13,720,000 in tax-credit equity.
Project name                      City            Type       Units      Year       Equity amount
Casablanca                    Palmdale          Family         200     2000          $13,720,000

Boston Capital: 1 development, $5,065,000 in tax-credit equity.
Project name                       City            Type         Units    Year      Equity amount
* Summer Hill                    Fresno          Family           50     2010        $ 5,065,000

* - under construction

AMCAL’s Puerta del Sol condominium development was partially funded by an investment of
$6,000,000 from the Genesis Workforce Housing Fund. Their funds are derived from large banks
such as Citibank and Washington Mutual (now Chase). Further assistance for the Puerta del Sol
buyers was provided by the Los Angeles Housing Department via closing cost grants and “soft
second” mortgage payment assistance programs for qualified low-income buyers.




AMCAL Multi-Housing                                                     Section 6: Financial Overview
City of El Cerrito                                                                 June 21, 2010
Redevelopment Agency                                          Residential Mixed Use Development

3. Developer

AMCAL has provided equity via deferred developer fees in 36 projects since 1996 for a total
value of $26,995,000.

Project name                          City          Type   Units       Year       Deferred fee
Sorrento Villas                Simi Valley        Senior    148        2000        $1,200,000
Serenity Villas                    Pomona         Senior    148        2000        $ 461,000
Casablanca                        Palmdale        Family    200        2000        $ 205,000
Casa Grande                      Coachella    Farmworker     81        2001        $ 590,000
Castelar                      Los Angeles         Family    101        2003        $ 400,000
Casa Figueroa                 Los Angeles         Family     49        2003        $ 425,000
Portofino Villas                   Pomona         Senior    174        2005        $ 930,000
Las Brisas                    Los Angeles         Family     66        2006        $ 537,000
Casa La Paz                      Coachella        Family     61        2006        $ 600,000
Casa Bella (1a, 1b, 2)          Victorville       Family    302        2006        $1,578,000
Camino al Oro                 Los Angeles         Senior    102        2006        $ 580,000
Tesoro del Valle              Los Angeles         Family    121        2006        $ 701,000
Flores del Valle              Los Angeles         Family    146        2007        $ 560,000
Temple Villas                 Los Angeles         Family     52        2007        $1,250,000
Maywood Villas                   Maywood          Senior     54        2007        $ 170,000
Villa Escondido      Orange Cove (Fresno)         Family     81        2007        $ 597,000
Sommerset                      Sacramento         Family     96        2007        $ 173,000
Casa de Angeles               Los Angeles         Family     49        2008        $ 500,000
Villa Serena                  Los Angeles         Family     85        2008        $2,420,000
Valle del Sol                      Brawley        Family     72        2008        $1,139,000
Villa Esperanza         Avenal (Kings Co.)        Family     81        2008        $ 476,000
Villas del Lago               Los Angeles         Family     74        2008        $1,389,000
Villas Las Americas           Los Angeles         Family     55        2008        $ 400,000
Cielo Azul                        Palmdale        Senior     81        2008        $ 816,000
Sandstone                           Fresno        Family     69        2008        $ 350,000
Brookfield Place                   Oakland        Family     58        2008        $ 280,000
Los Vientos                     San Diego         Family     89        2008        $ 280,000
Palo Verde Terrace                Palmdale        Senior     78        2009        $ 150,000
* Andalucia                   Los Angeles         Family     75        2010        $ 275,000
* Santa Fe                     Bakersfield        Family     56        2011        $ 757,000
* Cordova               Selma (Fresno Co.)        Family     81        2011        $1,570,000
* Summer Hill                       Fresno        Family     50        2011        $ 368,000
* Royale         Westminster (Orange Co.)         Family     36        2011        $ 213,000
* Montecito Terraces Panorama City-L.A.           Senior     98        2011        $ 600,000
* Mosaic                      Los Angeles         Family     56        2011        $1,183,000
* Mirandela            Rancho Palos Verdes        Senior     34        2011        $ 181,000

* - under construction




AMCAL Multi-Housing                                                 Section 6: Financial Overview
City of El Cerrito                                                                       June 21, 2010
Redevelopment Agency                                                Residential Mixed Use Development

D. Preliminary Budget and Proformas
The two concepts have very similar financing structures. The majority of both development
concepts will be financed through the use of Tax-credits allocated by the California Tax Credit
Allocation Committee. As demonstrated in the past, AMCAL has been extremely successful in
receiving tax-credit allocations throughout the years. In addition to CTCAC awards, AMCAL has
been successful in obtaining additional funding sources. As with all affordable housing projects in
this current financial environment, the critical component to ensure a successful tax-credit
application is the amount of subsidy committed to the project in an effort for the State to leverage
their tax-credit dollars. With that being said, we have developed a proforma for each project concept
that would be highly competitive, based upon the recent 2010 1st round CTCAC award allocations.

The other sources and levels of financing contemplated and proposed in the subsequent
Development and Financing Schedule are:
   • HOME Funds
   • MHSA Funds
           o It is proposed that in Scheme 1, Six (6) units of MHSA funding could achieved
           o It is proposed in Scheme 2, Seven (7) units of MHSA housing
   • AHP Funds
   • Deferred Developer Fee

While we understand that all of these funding sources are highly competitive, we feel that various
programs available and funding levels requested, would be well within funding parameters with all
sources. AMCAL has also been successful in obtaining these same funding sources for other
developments throughout the state.

It should also be noted that in both assumptions it is anticipated that the Agency will donate the land
and assume the write-down of the maximum value of the site as well as some additional assistance
through entitlements and pre-development.

In “Scheme 2” which contemplates the City Senior Center, there is an additional funding gap that
AMCAL would look to the City and/or Agency to fill to cover the additional project costs. These
additional costs would be associated with the newly created City Senior Center and it would be
necessary to fill this funding gap in an effort to ensure a highly competitive CTCAC application.

Please understand that these proformas presented are conceptual in nature and are presented as such.




AMCAL Multi-Housing                                                       Section 6: Financial Overview
City of El Cerrito                                                                     June 21, 2010
Redevelopment Agency                                              Residential Mixed-Use Development

7. Development Schedule

The following Schedule is based upon the information provided in the Request for Qualification
documents as it relates to timing of entitlements and negotiation of agreements. It would be our
hope to expedite these processes as quickly as possible. The following schedule is based upon
an assumption of an expedited entitlement process and Mitigated Negative Declaration.

The following development schedule is based on 9% tax-credit submittal to TCAC in the 2nd
round of 2011.
                         Conceptual Development Schedule
                                    2nd Round 2011

 Tasks                                                                   Estimated Date

 Submittal of RFQ                                                         June 21, 2010

 Developer Interviews                                                     July 19, 2010

 Staff Recommendations to Agency Board                                     August 2010

 Enter into Exclusive Negotiation Agreement (ENA)                       September 2010

 Submit for Entitlements                                                September 2010

 Obtain Entitlements                                                     December 2010

 Submit HOME Fund Application                                            December 2010

 Submit for Contra Costa County MHSA funds                               December 2010

 Receive MHSA Funding Commitment                                           March 2011

 Submit for Affordable Housing Program (AHP) Funds                          April 2011

 Receive HOME Funds Allocation                                              April 2011

 Receive AHP Commitment                                                     June 2011

 Submit CTCAC Application                                                    July 2011

 Receive CTCAC Allocation                                               September 2011

 Execute DDA                                                            September 2011

 Acquire Property from City                                               October 2011




AMCAL Multi-Housing                                                 Section 7: Development Schedule
City of El Cerrito                                                                   June 21, 2010
Redevelopment Agency                                            Residential Mixed-Use Development

 Construction Begins                                                   November 2011

 Begin Pre-Leasing                                                    September 2012

 Completion of Construction / Certificate of Occupancy                 December 2012

 Achieve 100% Occupancy                                                   April 2013

 Stabilization (90-days)                                                  June 2013


The following schedule below is based upon a longer entitlement process and the possibility of
the need for Environmental Impact Report and is subsequently based on 9% tax-credit submittal
to TCAC in the 2nd round of 2012.


                           Conceptual Development Schedule
                                   2nd Round 2012

 Tasks                                                                 Estimated Date

 Submittal of RFQ                                                       June 21, 2010

 Developer Interviews                                                   July 19, 2010

 Staff Recommendations to Agency Board                                   August 2010

 Enter into Exclusive Negotiation Agreement (ENA)                     September 2010

 Submit for Entitlements and EIR documentation                        September 2010

 Obtain Entitlements and EIR Review                                   September 2011

 Execute DDA                                                          September 2011

 Submit HOME Fund Application                                          December 2011

 Submit for Contra Costa County MHSA funds                             December 2011

 Receive MHSA Funding Commitment                                         March 2012

 Submit for Affordable Housing Program (AHP) Funds                        April 2012

 Receive HOME Funds Allocation                                            April 2012

 Receive AHP Commitment                                                   June 2012



AMCAL Multi-Housing                                               Section 7: Development Schedule
City of El Cerrito                                                            June 21, 2010
Redevelopment Agency                                     Residential Mixed-Use Development


 Submit CTCAC Application                                           July 2012

 Receive CTCAC Allocation                                      September 2012

 Acquire Property from City                                      October 2012

 Construction Begins                                            November 2012

 Begin Pre-Leasing                                             September 2013

 Completion of Construction / Certificate of Occupancy          December 2013

 Achieve 100% Occupancy                                            April 2014

 Stabilization (90-days)                                           June 2014




AMCAL Multi-Housing                                        Section 7: Development Schedule
City of El Cerrito                                                               June 21, 2010
Redevelopment Agency                                        Residential Mixed Use Development

8. References

A. Public Sector

California Tax Credit Allocation Committee    Los Angeles Housing Dept.
(State of California)                         Mercedes Marquez, former General
Bill Pavao, Executive Director                Manager (now with U.S. Dept. of Housing
Jeanne Peterson, former Executive Director    and Urban Development)
915 Capitol Mall, Rm. #485                    Tim Elliott
Sacramento, CA 95814                          111 N. Hope St., 7th Flr.
(916) 654-6340                                Los Angeles, CA 90012
* Awarded more than $410,000,000 in tax       (213) 808-8635
credits for 38 developments since 1998.       * Financial support for 8 affordable housing
                                              developments in Lincoln Heights, mid-City,
California Debt Limit Allocation              and San Fernando Valley.
Committee (State of California)
Sean Spears, Executive Director (former Los   Councilman Ed Reyes (District #1)
Angeles Housing Dept. official)               Gerald Gutaban, former Planning Deputy
915 Capitol Mall, Rm. #311                    (now a senior planner at CRA - East Valley)
Sacramento, CA 95814                          Guadalupe Duran-Medina, Planning Deputy
(916) 653-3255                                Rebecca Valdez, Planning Deputy
* Awarded $12,000,000 in 4% tax credits       200 N. Spring St., Rm. #410
for 1 development in 2006.                    Los Angeles, CA 90012
                                              (213) 473-7001
Dept. of Housing and Community                * Entitlement and financial support for
Development (State of California)             Tesoro del Valle, Camino al Oro, Flores del
Lynn Jacobs, Executive Director               Valle, Castelar, Puerta del Sol, Temple
1800 3rd St.                                  Villas.
Sacramento, CA 94252
(916) 445-4728                                Councilman Bernard Parks (District #8)
                                              Dilara Rodriguez, Planning Deputy
City of Los Angeles                           David Roberts, former Economic
Office of Mayor Antonio Villaraigosa          Development Deputy
Helmi Hisserich, Housing Deputy               Julie Lee, former Deputy
200 N. Spring St., Rm. #303                   200 N. Spring St., Rm. #460
Los Angeles, CA 90012                         Los Angeles, CA 90012
(213) 978-0600                                (213) 473-7008
                                              * Entitlement and financial support for Casa
                                              Figueroa and Las Brisas.




AMCAL Multi-Housing                                                      Section 8: References
City of El Cerrito                                                                June 21, 2010
Redevelopment Agency                                         Residential Mixed Use Development

Former Councilman Alex Padilla (District #7)   City of San Diego
Raul Bocanegra, Planning Deputy                Robert Chavez, Redevelopment Agency -
Roberto Negrete, Field Deputy                  Barrio Logan project area
200 N. Spring St., Rm. #465                    1200 3rd Ave., 14th Flr.
Los Angeles, CA 90012                          San Diego, CA 92101
(213) 473-7007                                 (619) 236-6700
* Entitlement and financial support for        * Entitlement and financing support for Los
Villas Las Americas and Montecito              Vientos.
Terraces.
                                               City of Coachella
Planning Dept.                                 Juan de Lara, former Mayor
Jane Blumenfeld, Deputy Planning Director      Susan Williams, Planning Director
200 N. Spring St., Rm. #525                    Gabriel Papp, Senior Planner
Los Angeles, CA 90012-4801                     1515 6th St.
(213) 978-1372                                 Coachella, CA 92236-1713
* Entitlement support for 14 developments      (760) 398-3102
in Los Angeles.                                * Entitlement support for Casa Grande and
                                               Casa La Paz.
Community Redevelopment Agency (Los
Angeles)                                       City of Maywood
Cecilia Estolano, Chief Executive Officer      David Mango, Planning Director
354 S. Spring St., Ste. 800                    4319 E. Slauson Ave.
Los Angeles, CA 90013                          Maywood, CA 90270
(213) 977-1600                                 (323) 562-5000
                                               * Entitlement and financial support for
CD9 Project Area                               Maywood Villas.
Julia Stewart, Director
Jennifer Scanlin, Planner                      City of Simi Valley
354 S. Spring St., Ste. 300                    Bill Davis, Mayor
Los Angeles, CA 90013                          Mike Sedell, City Manager
(213) 977-1730                                 2929 Tapo Canyon Rd.
* Entitlement support for Casa Figueroa and    Simi Valley, CA 93063
Casa de Angeles.                               (805) 583-6700
                                               * Financial support of grant of $390,000 for
Pacoima/Panorama City (CD7) Earthquake         Sorrento Villas.
Disaster Assistance Project Area
Elvin Padilla, former Asst. Project Manager
5200 Lankershim Blvd., Rm. #750
North Hollywood, CA 91601
(818) 753-1918
* Entitlement support for Villas Las
Americas.




AMCAL Multi-Housing                                                       Section 8: References
City of El Cerrito                                                                 June 21, 2010
Redevelopment Agency                                          Residential Mixed Use Development

City of Pomona                                  City of Brawley
Marco Robles, Paula Lantz and Danny             Gordon Gaste, Planning Director
Rodriguez, City Council                         204 S. Imperial Ave.
Rick Gomez, Director, Community                 Brawley, CA 92227
Development Dept.                               (760) 344-8822
Richard Belmudez, former Planning Dept.         * Entitlement support for Valle del Sol.
(now with City of Perris, Riverside Co.)
505 S. Garey Ave.                               City of Rancho Palos Verdes
Pomona, CA 91766-3320                           Greg Pfost, Planning Dept.
(909) 620-2441                                  30940 Hawthorne Blvd.
* Entitlement support for Serenity Villas and   Rancho Palos Verdes, CA 90275
Portofino Villas.                               (310) 544-5228
                                                * Entitlement and financial support for
City of Westminster                             Mirandela senior apartments, the first
Doug McIsaac                                    affordable housing in the wealthy
Community Development Director                  community of Rancho Palos Verdes.
8200 Westminster Blvd.
Westminster, CA 92683                           Santa Barbara County
(714) 898-3311                                  Patricia Gabel, Housing and Community
* Entitlement and financial support for         Development Dept., Supervising Housing
Royale family apartments.                       Specialist
                                                105 E. Anapamu St., Rm. 105
City of Palmdale                                Santa Barbara, CA 93101
Jim Ledford, Mayor                              (805) 568-3520
Asoka Herath, Director, Planning Dept.          * Entitlement and financial support for
38250 Sierra Hwy.                               Positano affordable housing development in
Palmdale, CA 93550-4798                         Goleta, the first in several years in Santa
* Casablanca                                    Barbara County, a slow-growth area.
Richard Kite, Planning Dept.
(661) 267-5293
Community Redevelopment Agency -
Housing Division
Michael Adams
(661) 267-5126
* Entitlement and financial support for Cielo
Azul and Palo Verde Terrace.

City of Victorville
Michael Szarzynski, Planning Dept.
14343 Civic Dr.
Victorville, CA 92392
(760) 955-5135
* Entitlement support for Casa Bella.




AMCAL Multi-Housing                                                        Section 8: References
City of El Cerrito                                                                June 21, 2010
Redevelopment Agency                                         Residential Mixed Use Development

B. Financial

SunAmerica Affordable Housing Partners         Place family apartment (construction and
Mike Fowler, President                         permanent loans).
Lincoln Williamson, Vice President
1 SunAmerica Ctr.                              Chase (formerly Washington Mutual)
Los Angeles, CA 90067                          Cathy Fredinburg
(310) 772-6221                                 Community Lending
Projects:                                      17877 Von Karman
Castelar family apartments, Flores del Valle   Irvine, CA 92614
family apartments, Tesoro del Valle family     (949) 833-4123
apartments, Casa Figueroa family               Projects:
apartments, Las Brisas family apartments,      Villa Esperanza family apartments (permanent
Casa La Paz family apartments, Casa Bella      loan), Villas del Lago family apartments,
family apartments, Camino al Oro senior        Villas Las Americas family apartments, Cielo
apartments, Portofino Villas senior            Azul senior apartments, Sandstone family
apartments (tax-credit syndication and         apartments, Andalucia family apartments
equity)                                        (construction loans).

Phoenix Realty Group                           California Community Reinvestment Corp.
Michael Fried, CEO                             Mark Rasmussen
Jay Stark, Managing Director                   Executive Vice President
145 S. Fairfax Ave., Ste. 401                  225 W. Broadway, Ste. 120
Los Angeles, CA 90035                          Glendale, CA 91204
(323) 936-9699                                 (818) 550-9800
Project: Puerta del Sol condominiums           Projects: Castelar family apartments, Flores
(equity and land loan)                         del Valle family apartments, Las Brisas
                                               family apartments, Casa La Paz family
Union Bank of California                       apartments, Positano family apartments,
Johanna Gullick                                Casa Grande farmworker apartments,
Vice President                                 Portofino Villas senior apartments,
1900 Avenue of the Stars, Ste. 600             Andalucia family apartments (permanent
Los Angeles, CA 90067                          loans).
(310) 551-8967
Projects: Palo Verde Terrace senior            Citibank Community Development
apartments (tax-credit equity, construction    Alice Carr
loan, permanent loan).                         787 W. 5th St., 29th Flr.
                                               Los Angeles, CA 90071
U.S. Bank                                      (213) 239-1931
Waheed Karim                                   Project: Puerta del Sol condominiums
Asst. Vice President                           (construction loan).
4330 La Jolla Village Dr., Ste. 200
San Diego, CA 92122
(858) 642-4630
Projects: Villa Serena family apartments,
Los Vientos family apartments, Brookfield

AMCAL Multi-Housing                                                       Section 8: References
City of El Cerrito                                                               June 21, 2010
Redevelopment Agency                                        Residential Mixed Use Development

Hudson Housing Capital                        John Hancock Realty Advisors
Sam Ganeshan                                  Cynthia Lacasse
Managing Director                             Vice President
Rockefeller Center                            200 Claredon St., Ste. T-53
630 5th Ave., 23rd Flr.                       Boston, MA 02117
New York, NY 10111                            (617) 572-3839
Project: Serenity Villas senior apartments,   Projects: Casa Grande farmworker
Los Vientos family apartments, Andalucia      apartments, Sorrento Villas senior
family apartments (tax-credit syndication     apartments (equity).
and equity).




AMCAL Multi-Housing                                                      Section 8: References

				
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