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4 22206 920 Shasta Affordable Housing Plan and Density Bonus Request November 5, 2024 critical on-site resident services are complimentary social services that ensure families, seniors and people with special needs can remain stable in their housing and ultimately, work toward self- sufficiency to improve their livelihoods. Abode has developed nearly 50 residential communities with more than 3,000 affordable homes throughout California4; invested, in collaboration with financial partners, some $660 million in economic activity; generated more than $250 million in tax credit financing; and secured more than $120 million in local funding sources for the provision of service-enhanced affordable housing. Abode understands the social, environmental, economic and physical issues often inherent in the process of real estate development. Its experienced and dedicated development team members are experts in the execution of development activities including identifying and acquiring sites, securing land use approvals, obtaining financing, overseeing construction activities, and successfully transitioning each development to the organization’s property management team. Abode Communities’ comprehensive, sustainable development plans result in vibrant communities that are operated as affordable housing in perpetuity for the benefit of residents and community members alike. In addition to the production of affordable housing, Abode Communities has the unique capacity to provide expert turn-key development services for affordable housing owners that require technical assistance. These services, which ensure delivery of high-quality affordable housing, include, and are not limited to creating partnerships to deliver access to competitive capital financing; performing feasibility studies; cost estimating; and providing concept-to-completion project management. In addition to affordable housing development and technical assistance, Abode recognizes that its permanently affordable housing is a stabilizing force in its residents’ lives. In an effort to deliver its high-quality standard of living to each resident and ensure that its homes remain affordable in perpetuity, Abode operates and manages its own housing portfolio. Its portfolio management experts ensure that each property is financially solvent, complies with legal and regulatory requirements, and remains a viable real estate asset by monitoring each property’s financial, operational and physical performance, and identifying opportunities for recapitalization and/or repositioning. Abode Communities meets all of the criteria as a Qualifying Designee as outlined above. Further Qualifying Designee, Abode Communities certifies that it does not have a record of defaults, a record of systemic or procedural maintenance problems, housing or building code violations, or a history of substantiated fair housing complaints at properties it owns and/or operates, directly or through affiliated entities. A copy of Abode Communities Litigation and Uniform Commercial Code “UCC” Filing search dated August 29, 2024 has been submitted to the City. Affordable Housing Site: The property value is $10,000,000 based on an appraisal dated December 23, 2023, which exceeds the required Affordable Housing Impact Fee amount. 4 Developing fifty existing Abode residential communities greatly exceeds the minimum of developing three affordable housing developments. See https://abodecommunities.org/communities/ accessed October 25, 2023 for a list of featured existing Abode communities. ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) – EXHIBIT B REV: 04-22-25 VR Page 4 of 29