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Ie1J7�dP] Va-304A:II-31 ill <br />IN -LIEU FEE ANALYSIS <br />AFFORDABILITY GAP APPROACH <br />OWNERSHIP HOUSING DEVELOPMENT <br />HOO: IN -LIEU FEE ANALYSIS <br />SANTA ANA, CALIFORNIA <br />Moderate Income <br />Units <br />I. Sales Price Difference <br />A. Three -Bedroom Units <br />Market Rate Sales Price <br />$690,000 <br />Affordable Sales Price <br />4831000 <br />Difference <br />$207,000 <br />B. Four -Bedroom Units <br />Market Rate Sales Price <br />$77S,000 <br />Affordable Sales Prlce <br />5421500 <br />Difference <br />$232,500 <br />IL Distribution of Total Units <br />Z <br />Three -Bedroom Units <br />70% <br />Four -Bedroom Units <br />30% <br />III. In -Lieu Fee <br />Per lnclusionary l lnil <br />' 5215.000 <br />In CluSionary Housing Percentage <br />10%, <br />PerTotal Unit in the Project <br />' 521,500 <br />Per Square Foot of Saleable Area <br />$13.00 <br />The market rate sales prices arc drawn from the pro forma analyses. (See APPENDIX A - EXHIBIT I). The Affordable Sales Prices arc <br />Ilesed on the H&SC Section SOOS2.S calculation methodology. (See APPENDIX B - EXHIBIT Il. <br />Based on the unit mix distribution applied in the pro forma analysis. <br />Rased on [lie weighted -average difference between Lhe mdrkeL rare prices and he Affordable Sales Prices. <br />^ Based on the Affordability Gap Per lnclusionary Unit multiplied time, the lnclusionary Housing Percentage. <br />Based on the Affordability Gap Per lnclusionary Unit divided by the over saleable area per unit. <br />Prepared by: K1(;W viMJLd'p09uA wW1, Inc. 28 — 36 7/6/2021 <br />File Name b 24 21 SA 1100 Own, Fee Page n of K <br />