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Stephens Creek Crossing Redevelopment November 2013

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Preface The redevelopment of Stephens Creek Crossing (formerly Hillsdale Terrace) represents Home Forward’s third HOPE VI project. The existing public housing property, comprised of 60 three-bedroom units, is located at 6775 SW 26th Avenue in the Multnomah neighborhood of SW Portland. The existing property is in serious need. The steep site is eroding, buildings suffer from mold and mildew, and both the site and the buildings are inaccessible to people with mobility challenges. The current property is the agency’s most expensive to maintain and is an unwelcoming, isolated location that does little to instill pride in the community. A second application for $18.5 million in federal HOPE VI grant funding was submitted to the US Department of Housing and Urban Development (HUD) in November 2010. Thirty-six applications were received from across the nation. Home Forward received notification of a successful grant award in May 2011. The design for the complete redevelopment includes 122 new, environmentally sustainable apartments to replace the 60 existing apartments that are severely physically distressed, along with 7 affordable home-ownership properties. Key project partners include: (1) Habitat for Humanity, which will build seven nearby homes for first-time homebuyers, and (2) Neighborhood House, which will provide Head Start and early childhood programs in the newly acquired property along SW Capital Highway at its intersection with SW 26th. The new property will provide more housing and services opportunities while providing greater exposure and connectivity to the larger neighborhood. Current residents are receiving complete relocation services. Home Forward relocation staff help residents find a new place to live during construction and provide assistance with moving. Building upon the community involvement process started in 2008, Home Forward convened a Community Advisory Committee comprised of residents, neighbors, service providers, and educators. This group, charged with advising Home Forward’s Board of Commissioners, discussed key elements such as resident relocation, site and building design, economic participation during construction, and community services.

Source: Google Earth


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Supporting resident success After a series of meetings with residents and two comprehensive written surveys, three primary objectives were identified to meet the needs of residents: Promote economic stability and family self-sufficiency through access to job training and career

advancement. Support youth to excel at all they do. This includes a focus on early childhood education. Create a healthy, sustainable, and well-connected community, including a focus on health and food

security with community gardens. A key component for the new resident community will be a desire and commitment to return to a community focused on self-sufficiency. At the time a new lease is signed, each household member who is “working able” (i.e., adults not elderly or disabled) will be required to participate in Home Forward’s Opportunity Housing Initiative (OHI). With a goal to transition households out of subsidized housing in approximately five years, OHI participants receive extensive counseling and services in addition to the opportunity to set aside a portion of their rent towards an asset-building savings account that can be used for further education or a down payment on the purchase of their first home. Community partnerships During the HOPE VI application process, over $4 million in commitments were obtained from over 30 social service providers. These represent strong partnerships with Neighborhood House, Multnomah County Human Services, Portland Parks and Recreation, YWCA, Oregon Department of Human Services, Big Brothers/Big Sisters, Portland Community College, and WorkSystems, Inc. Sustainable development & a new mix of uses The underlying zoning of the site now requires a minimum density of 115 units. With plans to cut and fill to truly “terrace” the site, a new mix of uses is envisioned: 122 new housing units, with one, two, three, or four bedrooms. Sustainable, green building features such as bioswales to manage 100% of stormwater on site;

green roofs at the community buildings; energy and water conserving appliances and fixtures; and durable, high quality interior finishes to ensure clean indoor air quality.

Community garden/urban farm spaces (including the potential for a large garden in partnership with the neighboring Hillsdale Community Church).

A community center for resident and neighborhood activities. A Children’s Center with three Head Start classrooms and a classroom to teach parenting skills. Defensible space for safe & secure housing (CPTED goals). Playgrounds, open space, and water-efficient landscaping. On-site and off-site circulation improvements to address safe pedestrian, bicycle, and vehicle

circulation. The purpose of this monthly report is to provide the reader with a synopsis of activities to date in the areas of finance, community outreach, design and construction, services and relocation, as we bring this project from concept to reality.


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Planning & Design Past 30 days Site and building signage for housing and Opportunity Center is 98% complete for design finalization Responded to construction requests for information (RFIs) and submittals from R&H/Colas (RHC) Green Building Services (GBS) and RHC working together on LEED credits and tracking Working with Home Forward and Neighborhood House to add items back into the children’s center Working with Home Forward to select artist for children’s center

Next 30 days Continue to respond to RFIs and review submittals for the opportunity center, children’s center and

family housing buildings GBS and RHC working together on LEED credits and tracking Punch listing for housing units begins Anticipate building turnover starting this month

Community Relations Past 30 days In coordination with RACC, two artist have been selected for public art including the screen for the

children’s center covered play area and a bench (to include youth participation)

Next 30 days Coordinate with Mittleman Jewish Community Center to host a community presentation for the

Jewish organizations along SW Capitol Highway Coordinate with Multnomah Neighborhood Association, Neighborhood House, and Hillsdale

Community Church to host a “Creating an Inclusive Community” forum for January or February

Community and Supportive Services (CSS) Past 30 Days Continue initial lease-up activities Finalize orientation process and materials Community Compact training Continue program design and development Begin core partner memorandum of understanding/contracting process Finalize re-occupancy benefits Intensive case management

Next 30 days Continue re-occupancy updates to schools Outreach to California Street neighbors Calendar programming for first 90 days of occupancy Relocate offices to opportunity center Holiday assistance Intensive case management


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Construction Management Past 30 Days Paved south driveway Started roof deck at children’s center Started shoring wall fencing Continued housing punchlist Continued appliance installation Continued painting on opportunity center Continued framing at children’s center City continued water line on California Street Continued storm drain line on California Street Continued road grading on California Street Continued carpet installation Continued storefront at opportunity center Continued mechanical, electrical, and plumbing finishes Continued forming and pouring sidewalks and curbs Continued exterior painting on housing Continued interior painting Continued door frames and doors Continued resilient flooring. Continued gutter installation Continued erosion/dust control practices Completed glu-lam install at children’s center Completed exterior retaining walls at children’s center Completed green roof on opportunity center Completed cabinet install Completed insulation and drywall in the opportunity center Completed countertop install

Next 30 Days Start receiving temporary certificates of occupancy (TCOs) Continue punch listing; try for substantial completion Continue appliance installation Complete utility install and start final grading on California Street City complete water installation on California Street Complete framing at children’s center Complete shoring wall fencing Complete paving driveways Complete flooring Complete site retaining & bench walls Continue sidewalks and curbing Complete Buildings 1-3 Complete storefront on opportunity center


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Finance and HUD Grant Administration Past 30 Days Finalized the weatherization documents for Stephens Creek - South Tracking project costs and outstanding budget items – ongoing Processing draw requests and reports for Bank of America and Portland Housing Bureau– ongoing

Next 30 days Prepare a draw request for OHCS weatherization proceeds Continue tracking project costs and outstanding budget items Continue working with asset and property management to prepare for start of property operations


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Sources and Uses Table (Note: This table excludes fundraising and costs for developing Habitat for Humanity homes.)

Source Of Funds BudgetAmount

Drawn%

DrawnRemaining

Budget

Project SourcesLimited Partner Equity (Tax Credit Finance) 17,261,239 2,021,300 12 15,239,939 Permanent Debt 4,695,000 4,695,000 HOPE VI Grant Administrative Funds 942,754 645,194 68 297,560 Relocation, Demolition and Project Costs 627,734 429,891 68 197,843 Community & Supportive Services Funds 2,000,000 490,314 25 1,509,686 Real Estate Project Funding 15,029,512 11,292,468 75 3,737,044 Total HOPE VI Grant 18,600,000 12,857,867 69 5,742,133 City of Portland 2,707,624 1,407,003 52 1,300,621 HAP Proceeds from Scattered Site Sales 6,649,701 2,519,639 38 4,130,062 Energy & Sustainability Grants and Incentives 87,614 87,614 HAP Development Fees 2,100,000 2,100,000 HAP Proceeds (Not Scattered Site Sales Proceeds) 100,000 100,000 MiscellaneousBond Proceed Interest Earned

Total Project Sources 52,201,178 18,805,809 36 33,395,369

Interim SourcesConventional Construction Loan ($7,950,000) 6,637,513 (6,637,513) Tax Exempt Bond Financing ($13,000,000) 9,399,668 (9,399,668)

Total Interim Sources 16,037,181 (16,037,181)

Use Of Funds BudgetAmountIncurred

%Incurred

RemainingBudget

Overall Project DevelopmentAcquisition Costs 871,622 871,622 100 - Construction, Sitework, FF & E & Const. Contingency 28,542,424 24,564,470 86 3,977,954 Development Costs, Studies, Reports & Permits 1,820,401 700,271 38 1,120,130 General Fees, Contracted Services & Fees 7,491,741 4,037,772 54 3,453,968 Financing and Interest Charges 1,337,017 569,749 43 767,268 Reserves, Organizational Costs & Start-up 1,437,689 1,230 0 1,436,459

Total Partnership (Property) Uses 41,500,893 30,745,114 74 10,755,779

Administration, Relocation, Site Clearing & Resident ServicesGrant and Project Administration 942,754 658,949 70 283,805 Relocation, Demolition and Sitework 7,557,531 3,564,101 47 3,993,430 Community & Supportive Services 2,100,000 527,096 25 1,572,904 Habitat for Humanity Homeownership Land 100,000 100,000 100 -

Total Non-Partnership Costs 10,700,285 4,850,146 45 5,850,139 Total Project Uses 52,201,178 35,595,261 68 16,605,918

Financing Surplus or (Deficit) (752,271)


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Contract Control Table

Contract # Contractor ScopeOriginal

ContractContract Changes

Current Contract

Budget

Incurred thru

November2013

Remaining Contract

Target Certified

Business

C0420 Michael Willis Architects Architectural & Engineering Services $175,000 $2,109,243 $2,284,243 $2,136,231 $148,012

C1015 R&H / Colas Construction Preconstruction Phase $65,350 $65,350 $58,346 $7,004

C1015A R&H / Colas Construction Mod #1 - Abatement $462,031 -$15,757 $446,274 $446,274 $0

C1015D R&H / Colas Construction Mod #2 - Demolition $594,154 $11,376 $605,530 $605,530 $0

C1015S R&H / Colas Construction Mod #3 - Private Infrastructure $4,643,361 $3,295,654 $7,939,015 $6,618,977 $1,320,038

C1015I R&H / Colas Construction Mod #4 - Public Sitework $882,578 $446,361 $1,328,939 $695,476 $633,463

C1015N R&H / Colas Construction Mod #5 - South 9% Partnership $7,143,481 $516,330 $7,659,811 $6,847,604 $812,207

C1015F R&H / Colas Construction Mod #6 - North 4% Partnership $9,799,101 $649,562 $10,448,663 $9,626,126 $822,537

C1015O R&H / Colas Construction Mod #7 - Opportunity Center $2,869,082 $406,982 $3,276,064 $3,028,912 $247,152

C1015C R&H / Colas Construction Mod #8 - Childrens Center $3,207,083 $84,019 $3,291,102 $1,307,409 $1,983,693

C1015L R&H / Colas Construction Mod #9 - Traffic Signal $30,698 $30,698 $19,783 $10,915

C0490 A+ Childcare (Pico) Childcare Services $965 $965 $965 $0 WBE/ESB

c0830 Alternative Comm. Svcs. Information technology $450 $450 $450 $0

T0624 AMEC Earth & Environmental On-Call Hazardous Materials Consultant $26,394 $26,394 $26,394 $0

C0255 Apex Companies, LLC Preliminary geotechnical services $7,394 $7,394 $7,394 $0

C1052 Apex Companies, LLC Geo-Technical Services $23,750 $35,000 $58,750 $56,069 $2,681

T0526 Architectural Cost Consultants $1,769 $1,769 $1,769 $0

C1341 AV Design Specialist LLC AV design & installation $66,559 $66,559 $10,004 $56,555

C0073 Ball Janik LLP Governmental relations services $6,041 $6,041 $6,041 $0

T0366 Ballard Spahr LL On-Call Legal Services $222,808 $222,808 $222,808 $0

C0749 Benthin Engineering Additional Survey Work $4,900 $4,900 $4,900 $0 ESB

C1059 Benthin Engineering Survey Services $34,400 $19,300 $53,700 $53,010 $690 ESB

C1092 Brand Navigation LLC On-Call Graphic Design $2,734 $2,734 $2,734 $0

C0592 Briggs Writing services $3,000 $2,000 $5,000 $4,200 $800

C1149 Carlson Testing Geotechnical Testing $31,682 $33,712 $65,394 $61,415 $3,979

C0572 Colas Construction Company On-Call Building Maintenance $325 $325 $325 $0 MBE/DBE

C1104 Colliers Int'l Valuation LIHTC Market Study $6,000 $6,000 $6,000 $0

T0182 CSG Advisors On-Call Finance Consulting $21,776 $21,776 $21,776 $0

C0651 Evergreen Interpreting Services Language Interpretation Services $222 $222 $222 $0 MBE

C1014 Finezza Soccer LLC Youth Soccer Camp $4,250 $4,250 $2,750 $1,500

C0662 First United Mgmt Group Market Study $6,000 $6,000 $6,000 $0

T0367 Foster Pepper On-call legal services $161,200 $161,200 $153,590 $7,610

C0892 Free Arts NW Art Classes $1,800 $1,800 $1,800 $0

T0625 Hahn & Associates Environmental Services $9,914 $9,914 $9,914 $0 ESB

C1139 Heglund Graphic Design $480 $480 $480 $0

C1019 Human Solutions LearnLinks Program $23,708 $23,708 $15,701 $8,007

C1271 IRCO's Intl. Language Bank Case Management Services $5,000 $5,000 $3,344 $1,656

C0514 Iris Group On-Call Writing Services $4,073 $4,073 $4,073 $0

C1102 Janus Youth Programs Health & Food Security consultant $5,000 $10,000 $15,000 $6,683 $8,317

C0750 Johnson Reid, LLC Habitat for Humanity Home valuation $2,495 $2,495 $2,495 $0

C1330 Knighthawk Protection $3,000 $3,000 $2,712 $288

C0645 Language Fusion On-Call Interpreter/Translation Services $90 $90 $90 $0 MBE/WBE

C0823 Maul Foster Alongi Demographic research $1,610 $1,610 $1,610 $0

T0691 Merryman Barnes Archs., Inc. On-Call Architectural Services $5,000 $5,000 $5,000 $0 WBE/ESB/DBE

C1116 Michael Mangum Family outreach $5,000 $5,000 $0 $5,000

C1123 Multivista LLC Construction Documentation $28,031 $8,000 $36,031 $35,142 $889

C1124 Neighborhood House On-Call relocation case management $5,000 $5,000 $10,000 $4,978 $5,022

T0504 Novogradac & Co LLP On-call Tax Consulting Services $750 $750 $750 $0

C1266 Oregon Green Raters Services for Energy Performance Certs. $30,000 $30,000 $18,000 $12,000

C0511 Paul Parker Consulting LLC On-Call Writing Services $7,035 $7,035 $7,035 $0 ESB


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Contract Control Table (continued)

Contract # Contractor ScopeOriginal

ContractContract Changes

Current Contract

Budget

Incurred thru

November2013

Remaining Contract

Target Certified

Business

T1234 PBS Environmental On-Call Environmental Services $1,700 $1,700 $1,263 $437

C0350 Precision Images Printing and Distribution Services $36,591 $36,591 $36,591 $0

C1094 Precision Recreation Playground Equipment relocation $3,900 $3,900 $3,900 $0

C1118 Probity Builders Target Business Technical Assistance $30,000 $14,000 $44,000 $39,475 $4,525 ESB

C1298 QED Lab Window Testing Services $19,000 $19,000 $16,200 $2,800 ESB

C0576 Quist HOPE VI application $1,000 $1,000 $1,000 $0

C1368 RACC Manage the Artist Selection Process $2,500 $2,500 $1,500 $1,000

C0512 Schoonard Public Writing Services $1,020 $1,020 $1,020 $0

T0185 Shiels Obletz Johnsen Inc. On-call Project Management Services $65,385 $65,385 $65,385 $0

T0743 Shiels Obletz Johnsen Inc. On-Call Project Management $41,803 $41,803 $41,803 $0

C0631 Stoel Rives On-Call Legal services $6,528 $6,528 $6,528 $0

C0934 Trapp On-call writing services $44,129 $44,129 $44,130 -$1

C0372 URS Corp Arch./Eng. Fair Cost Estimate $1,960 $1,960 $1,960 $0

C1006 Wannamaker Consulting Environmental Services $94,844 $0 $94,844 $93,788 $1,056 WBE/ESB

Totals $30,293,093 $8,330,573 $38,623,666 $32,513,834 $6,109,832


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Economic Equity Table

Businesses Sub Of Budgeted Total % Section 3 MBE WBE ESB DBE

Target Business Personal/Professional Svcs. ContractsMWA Architecture

ABHT LLC MWA Architecture $242,210 $234,603 97% $234,603The Bookin Group LLC MWA Architecture $44,766 $44,766 100% $44,766Lango Hansen Landscape MWA Architecture $148,980 $138,140 93% $138,140Multnomah Tree Experts MWA Architecture $17,000 $4,638 27% $4,638

A+ Childcare $965 $965 100% $965Benthin Engineering $58,600 $57,910 99% $57,910Colas Construction $325 $325 100% $325 $325Evergreen Interpreting Services $222 $222 100% $222Hahn & Associates $9,914 $9,914 100% $9,914Language Fusion $90 $90 100% $90Merryman Barnes Archs., Inc. $5,000 $5,000 100% $5,000Paul Parker Consulting LLC $7,035 $7,035 100% $7,035Probity Builders $44,000 $39,475 90% $39,475QED Labs $19,000 $16,200 85% $19,000Wannamaker Consulting $94,844 $93,788 99% $93,788Total Target Bus. Personal/Prof. Svcs. Contracts $692,951 $653,071 94% $325 $235,240 $144,519 $276,112

Total Personal/Professional Svcs. Contracts $3,532,220Target Business Percentage 20%

Target Business Construction SubcontractsGMP Mod 01 - Abatement

D.P. Plumbing, Inc. R&H Colas $2,673 $2,673 100% $2,673 $2,673M&M Const. Svcs. R&H Colas $1,520 $1,520 100% $1,520MSD Construction LLC R&H Colas $5,150 $5,150 100% $5,150Northwest Electrical Contractors E-C Company $24,495 $24,495 100% $24,495Northwest Infrastructure R&H Colas $26,300 $26,300 100% $26,300 $26,300PMG Demotition & Abatement R&H Colas $216,094 $216,094 100% $216,094 $216,094Santana Crane, Inc. R&H Colas $710 $710 100% $710

GMP Mod 02 - DemolitionD.P. Plumbing, Inc. R&H Colas $3,091 $3,091 100% $3,091 $3,091M&M Const. Svcs. R&H Colas $27,709 $27,709 100% $27,709Northwest Infrastructure R&H Colas $365,480 $365,480 100% $365,480 $365,480West Hills Electric E-C Company $29,995 $29,995 100% $29,995

GMP Mod 3 - Private InfrastructureAD Traffic Control M&M Const. Svcs. $2,625 $0 0% $0Alarm Tracks R&H Colas $600 $600 100% $600Benthin Engineering R&H Colas $63,000 $57,569 91% $57,569Best Grinding M&M Const. Svcs. $103,838 $0 0% $0Cascadian Landscaping R&H Colas $459,106 $58,138 13% $58,138Contemporary Visions Signs … R&H Colas $16,440 $7,809 48% $7,809D.P. Plumbing, Inc. M&M Const. Svcs. $90,250 $0 0% $0 $0Faison Construction M&M Const. Svcs. $41,853 $0 0% $0Faison Construction R&H Colas $924,857 $704,931 76% $704,931M&M Const. Svcs. R&H Colas $3,684,629 $3,348,980 91% $3,348,980MSD Construction R&H Colas $31,255 $0 0% $0Nixon Electric R&H Colas $432,585 $408,901 95% $408,901Quality Building Services R&H Colas $1,500 $1,500 100% $1,500Raimore Construction M&M Const. Svcs. $250,000 $140,475 56% $140,475 $140,475Raimore Construction R&H Colas $247,039 $84,748 34% $84,748 $84,748Sawtooth Caulking R&H Colas $9,988 $2,689 27% $2,689Union Construction R&H Colas $508 $0 0% $0West Side Iron, Inc. Pacific Foundation $9,400 $9,400 100%Western Rebar Faison Construction $61,955 $18,246 29%Willamette Valley Tree Clearing R&H Colas $8,450 $8,450 100%

GMP Mod 4 - Public InfrastructureAD Traffic Control M&M Const. Svcs. $10,500 $0 0% $0Benthin Engineering R&H Colas $11,000 $6,911 63% $6,911Best Grinding M&M Const. Svcs. $44,502 $0 0% $0Cascadian Landscaping R&H Colas $92,117 $0 0% $0Chick of All Trades R&H Colas $1,462 $1,125 77% $1,125Coral Construction Co. R&H Colas $5,500 $0 0%Duke Construction M&M Const. Svcs. $200,000 $82,381 41% $82,381M&M Const. Svcs. R&H Colas $648,249 $512,895 79% $512,895MSD Construction R&H Colas $4,049 $4,049 100% $4,049

GMP Mod 5 - South 9% Housing2C Building Services R&H Colas $9,400 $0 0% $0 $0Acacia Construction R&H Colas $64,363 $61,145 95% $61,145 $61,145Ace Event Services R&H Colas $370 $370 100% $370Budget Blinds R&H Colas $38,578 0% $0Civic Construction R&H Colas $1,061,519 $1,021,508 96% $1,021,508Colas Construction R&H Colas $986,381 $917,277 93% $917,277 $917,277Contemporary Visions Signs … R&H Colas $5,594 $2,657 47% $2,657Crown Fire R&H Colas $106,589 $100,796 95% $100,796Dowers Waterproofing R&H Colas $50,607 $48,077 95% $48,077Edwards Painting R&H Colas $110,030 $35,979 33% $35,979 $35,979Faison Energy Solutions R&H Colas $101,085 $96,031 95% $96,031 $96,031Final Touch NW R&H Colas $3,575 $3,575 100% $3,575M&M Construction Services R&H Colas $10,710 $0 0% $0

Incurred through November 2013


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Economic Equity Table (continued)

Businesses Sub Of Budgeted Total % Section 3 MBE WBE ESB DBE

Mesher Tapani Plumbing $145,000 $72,122 50% $72,122NW Masonry Restoration R&H Colas $4,457 $0 0% $0Nixon Electric R&H Colas $495,313 $414,081 84% $414,081Raimore Construction R&H Colas $72,173 $48,658 67% $48,658 $48,658Union Construction R&H Colas $323,315 $283,478 88% $283,478Western Rebar Whitaker Ellis $102,436 $97,314 95% $97,314

GMP Mod 6 - North 4% Housing2C Building Services R&H Colas $16,800 $0 0% $0 $0Acacia Construction R&H Colas $128,780 $121,677 94% $121,677 $121,677Budget Blinds R&H Colas $73,166 $0 0% $0Civic Construction R&H Colas $1,692,432 $1,579,727 93% $1,579,727Colas Construction R&H Colas $145,925 $131,979 90% $131,979Contemporary Visions Signs … R&H Colas $7,923 $0 0% $0Crown Fire R&H Colas $203,214 $187,639 92% $187,639Dowers Waterproofing R&H Colas $35,877 $33,608 94% $33,608Edwards Painting R&H Colas $199,189 $124,892 63% $124,892 $124,892Faison Energy Solutions R&H Colas $191,188 $181,625 95% $181,625 $181,625Final Touch NW R&H Colas $3,575 $3,490 98% $3,490M&M Construction Services R&H Colas $6,375 $0 0% $0Mesher Tapani Plumbing $270,000 $175,366 65% $175,366Nixon Electric R&H Colas $841,999 $747,904 89% $747,904NW Masonry Restoration R&H Colas $13,092 $0 0% $0Raimore Construction R&H Colas $127,355 $85,739 67% $85,739 $85,739Union Drywall R&H Colas $608,267 $577,854 95% $577,854Western Rebar Whitaker-Ellis $89,823 $87,324 97% $87,324

GMP Mod 7 - Opportunity CenterB&B Masonry R&H Colas $120,926 $111,321 92% $111,321Civic Construction R&H Colas $290,251 $282,723 97% $282,723Contemporary Visions Signs … R&H Colas $3,975 $1,888 47% $1,888Courtesy Janitorial R&H Colas $1,996 $0 0% $0 $0Crown Fire R&H Colas $42,902 $40,037 93% $40,037Dowers Enterprises R&H Colas $11,682 $11,108 95% $11,108Enviroscapes NW McDonald & Wetle $109,500 $0 0% $0Faison Energy Solutions R&H Colas $20,615 $0 0% $0 $0Final Touch NW R&H Colas $1,125 $1,125 100% $1,125WB Carpets AMD $6,024 $0 0% $0Edwards Painting R&H Colas $21,847 $4,358 20% $4,358 $4,358M&M Construction Services R&H Colas $18,900 $0 0% $0Mesher Tapani Plumbing $26,000 $16,471 63% $16,471Nixon Electric R&H Colas $259,262 $206,716 80% $206,716Raimore Construction R&H Colas $259,198 $246,238 95% $246,238 $246,238Sawtooth Caulking R&H Colas $50,885 $48,341 95% $48,341Union Drywall R&H Colas $74,638 $69,920 94% $69,920Western Rebar Whitaker-Ellis $63,899 $60,669 95% $60,669

GMP Mod 8 - Childrens CenterB&B Masonry R&H Colas $124,365 $4,788 4% $4,788Cascadian Landscape R&H Colas $59,055 $0 0% $0Civic Construction R&H Colas $302,590 $209,196 69% $209,196Dowers Enterprises R&H Colas $35,680 $20,928 59% $20,928Enviroscapes NW McDonald & Wetle $81,711 $0 0% $0Faison Construction R&H Colas $87,463 $48,484 55% $48,484M&M Construction R&H Colas $14,948 $0 0% $0Mesher Tapani Plumbing $20,000 $5,961 30% $5,961NW Masonry Restoration R&H Colas $8,476 $0 0% $0NW Structural Services R&H Colas $128,635 $84,971 66% $84,971Portland Coatings R&H Colas $19,300 $0 0% $0Union Construction R&H Colas $69,235 $0 0% $0Western Rebar Whitaker Ellis $57,402 $54,532 95% $54,532Total Target Business Construction Subontracts* $15,307,351 $14,934,681 $5,971,743 $4,732,265 $666,995 $6,290,062 $0

Total Consruction Contract $35,091,446Target Business Percentage 44%

Total Target Business Amts. $16,000,302 $15,587,752 $5,972,068 $4,967,505 $811,514 $6,566,174Total Const. & Prof. Svcs. $38,623,666Total Target Business % 41% (goal of 20%)Total Section 3 % 19% (goal of 10%)

Although many of the utilized firms are certified in more than one category, they are tracked here in only one category. The hierarchy is as follows: Minority-Owned, Women-owned and then if not counted in either of the two previous categories: Emerging Small Business and Disadvantaged Business Enterprise

Incurred through November 2013

*Subcontractors listed only for Section 3 are not included in the total of the Budgeted column.


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Project Schedule


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Stephens Creek Crossing Exposure Review November 2013

Schedule Current Exposures Delay caused by weather (freezing temperatures) Delay caused by labor shortages City’s schedule for installing permanent water line

Budget Current Exposures Weather (freezing temperatures) Repair of SW 26th Avenue City installation of permanent water

line Labor shortages and financial viability

with siding subcontractor

Mission Home Forward has committed to increase affordable housing opportunities in SW Portland, increase physical connections to reduce isolation of the site, create quality designs that achieve long-term sustainability, have resident services that foster community networks and self-sufficiency, create on-going opportunities for neighborhood engagement, and create opportunities for increased economic equity. (These commitments are tracked in a list of 25 objectives exhibited on the next two pages.) Current Exposures Contract with Northwest College of Construction to support achievement of workforce goals. Balancing budget and target business goals. Pedestrian safety and linkages.

o Traffic light.

Relocation 7/5/2011 1/30/2012

Abatement 3/1/2012 5/9/2012

Demolition 3/1/2012 5/22/2012

Site work 5/3/2012 2/28/2014

Financial closing 8/31/2012 8/31/2012

Housing construction 10/1/2012 2/28/2014

Reoccupancy 1/14/2014 6/13/2014

Sources Budget Drawn Remaining

Tax Credit Equity 17,261,239 2,021,300 15,239,939 Permanent Debt 4,695,000 - 4,695,000 HOPE VI Grant 18,600,000 12,857,867 5,742,133 City of Portland 2,707,624 1,407,003 1,300,621 Home Forward 8,849,701 2,519,639 6,330,062 Miscellaneous 87,614 - 87,614 Total 52,201,178 18,805,809 33,395,369

Uses Budget Incurred Remaining

Project Development & Admin. 12,563,534 6,938,363 5,625,171 Relcoation & Demolition 7,557,531 3,564,101 3,993,430 Construction 28,542,424 24,564,470 3,977,954 Start-up 1,437,689 1,230 1,436,459 CSS 2,100,000 527,096 1,572,904 Total 52,201,178 35,595,261 16,605,918

Stephen

s Creek Croossing Redeevelopment November 2013

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Stephen

s Creek Croossing Redeevelopment November 2013

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2013-11 Stephens Creek - Home...

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