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Judson Brown, City of Santa Ana June 28, 2021 <br />Housing Opportunity Ordinance: Updated In -Lieu Fee Analysis Page 6 <br />it is necessary to evaluate the in -lieu fee option in the context of rental residential <br />projects that do not make use of the Section 65915 density bonus. <br />As can he seen in the Summary Table: Rental Residential Development Analysis, the <br />conceptual analysis prepared by KMA indicates that a 5%to 6% affordable housing <br />requirement could be feasibly imposed on rental residential developments that do not <br />use the Section 65915 density bonus. KMA applied these percentages in our analysis of <br />the in -lieu fee that could be supported by rental residential development. <br />The development scopes used in the rental residential development analyses can be <br />described as follows: <br />1. The development site area is set at five acres. <br />2. The prototype project includes the following number of units: <br />a. The base case scenarios include 300 units. <br />b. I he Section 65915 scenario includes a 35% density bonus, which results <br />in a total of 405 units. <br />3. The prototype project includes the following unit mix: <br />Unit Mix: <br />Prototype Project <br />Average Unit <br />Percentage of <br />Number of Redrooms <br />Sile (Sq. Ft.) <br />Units <br />Studio <br />750 <br />25% <br />1 <br />900 <br />35% <br />2 <br />1,140 <br />35% <br />3 <br />1,445 <br />5% <br />Weighted Average / Total <br />974 <br />1000/0 <br />City Council 28 — 11 217dfi6 024i <br />19090 017 D21 <br />