Item 21 - Density Bonus Agreement No. 2022-03

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VTTM No. 2022-03 and DBA No. 2022-03 — Warmington Residential September 26, 2022 Page 11 o Policy LU-1.1 Compatible Uses — Foster compatibility between land uses to enhance livability and promote healthy lifestyles. o Policy LU-1.2 Homeownership Opportunities — Support innovative development policies to expand homeownership opportunities at all income levels. o Policy LU-1.5 Diverse Housing Types — Incentivize quality infill residential development that provides a diversity of housing types and accommodates all income levels and age groups. • Goal LU-4: Complete Communities — Support a sustainable Santa Ana through improvements to the built environment and a culture of collaboration. o Policy LU-4.7 Diverse Communities — Promote mixed -income developments with mixed housing types to create inclusive communities and economically diverse neighborhoods. • Lastly, the project is consistent with the General Plan Appendix A, Table LU-A-1. Interim Industrial Development Standards for development projects. Affordable Housing Opportunity and Creation Ordinance The project exceeds the affordable housing goal for the ownership category of the City's Affordable Housing Opportunity and Creation Ordinance (AHOCO) by providing eight (8) onsite units in place of three (3) for sale units, which will target low-income (50-80%) in place of moderate -income households. These two factors significantly enhance the opportunity for income eligible Santa Ana households to own a home in the City at a lower cost. The units will be dispersed throughout the community. Seven of the affordable units will be three -bedroom units while the last unit will be a two -bedroom unit. The proposed units will range in size between 1,300 to 1,992 square feet in size and will contain full kitchens, bedrooms, bathrooms, in -unit storage, and open/common (living) areas. The developer's Inclusionary Housing Plan has been reviewed and approved by the City's Housing Division. Public Notification and Community Outreach Project notifications were posted, published, and mailed in accordance with City and State regulations. Copies of the public notice, including a 1,000-foot notification radius map, and the site posting are provided in Exhibit 14. In addition, staff contacted the provided contacts for the Lyon Street Neighborhood Association to ensure they were aware of the project and public hearing. At the time this report was printed, no issues of concern were raised regarding the proposed development. The applicant also held two community meetings in conformance to the Sunshine Ordinance notification requirements in place at the time the application was submitted, January 5, 2022. The first meeting was a virtual community meeting on March 2, 2022. This meeting was publicly noticed in the OC Register, posted on the City's website, and invitation mailers were sent to all addresses within a 500-foot radius of the project site, as