Proposal to Purchase City of Woodburn site located

Proposal to Purchase City of Woodburn site located at 1750 Park Avenue by Farmworker Housing Development Corporation

Brief introduction of FHDC: • Founded in 1992 • Mission • 278 Units located in Woodburn, Salem, Stayton, Sublimity and Independence, Oregon • Provide housing to nearly 1, 300 individuals Nuevo Amanecer Woodburn Esperanza Court Woodburn Colonia Libertad Salem Colonia Amistad Independence Westside Stayton Summerset Sublimity

Nuevo Amanecer, 1274 5 th Street, Woodburn, Oregon

Why we do what we do: Need for affordable housing:

Nuevo Amanecer IV, 1300 2 nd Street, Woodburn, Oregon

Nuevo Amanecer IV, 1300 2 nd Street, Woodburn, Oregon

Nuevo Amanecer IV, 1300 2 nd Street, Woodburn, Oregon

Proposed Project: • Workforce housing • 45 units • Mix of unit sizes from 1 – 4 bedrooms

Proposed Terms: • Appraised Value • Funding applications require exclusive site control • Site control by October 26 Council meeting • Will work with City of Woodburn on maintaining well • Will work with City of Woodburn on timing to acquire, preference is summer of 2016 • Will work with City of Woodburn on timing for relocating storage up to early 2017 construction start

Proposed Project Timeline: - Direction from Council 7/27/15 - City orders appraisal 8/1 – 10/15, 2015 - Council declares site surplus 8/10/2015 - Negotiate form & terms of option 8/10 – 10/30, 2015 - Council considers / approves sale 10/26/2105 - FHDC prepares & submits funding application 3/2016 - State funding decision 6/2016 - Close acquisition 8/2016 - Start construction early 2017 - Occupancy early 2018