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Judson Brown, City of Santa Ana June 28, 2021 <br />Housing Opportunity Ordinance: Updated In -Lieu Fee Analysis Page 9 <br />Affordable Rent Calculations — Rental Residential Development <br />Very Low <br />Income <br />Low Income <br />Studio Units <br />Maximum Monthly Housing Cost <br />$934 <br />$1,121 <br />(Less) Monthly Utility Allowance <br />(58) <br />(58) <br />Affordable Rent <br />$876 <br />$1,063 <br />One -Bedroom Units <br />Maximum Monthly Housing Cost <br />$1,067 <br />$1,280 <br />(Less) Monthly Utility Allowance <br />(67) <br />(67) <br />Affordable Rent <br />$1,000 <br />$1,213 <br />Two -Bedroom Units <br />Maximum Monthly Housing Cost <br />$1,201 <br />$1,441 <br />(Less) Monthly Utility Allowance <br />(90) <br />(90) <br />Affordable Rent <br />$1,111 <br />$1,351 <br />Three -Bedroom Units <br />Maximum Monthly Housing Cost <br />$1,344 <br />$1,601 <br />(Less) Monthly Utility Allowance <br />(114) <br />(114) <br />Affordable Rent <br />$1,220 <br />$1,487 <br />KMA estimated the supportable in -lieu fee amounts for rental residential projects based <br />on the "Affordability Gaps" associated with the on -site development of affordable <br />housing units within market rate rental residential projects. The Affordability Gaps for <br />rental residential developments are estimated in Attachment 1 - Appendix B — Exhibit II <br />using the following methodology! <br />City Council 28 — 14 217J id 024i <br />19090 017 D21 <br />