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<br />Ordinance No. NS-XXX <br />Page 14 of 16 <br /> <br /> <br /> <br /> <br /> (3) Monies deposited in accordance with this section shall be used in <br />accordance with the affordable housing funds policies and procedures, housing <br />element, consolidated plan, or subsequent plan adopted by the city council to construct, <br />rehabilitate, or subsidize affordable housing or to recapture affordable housing at risk of <br />market conversion, or to assist other government entities, private organizations, or <br />individuals to do so. Permissible uses include, but are not limited to, assistance to <br />housing development corporations, equity participation loans, grants, pre-home <br />ownership co-investment, pre-development loan funds, participation leases, or other <br />public-private partnership arrangements. The inclusionary housing fund may be used for <br />the benefit of both rental and owner-occupied housing. <br /> <br /> (4) A developer receiving funding from the inclusionary housing fund <br />shall implement a local preference in their resident selection criteria and marketing <br />policies meeting guidelines established by the executive director. <br /> <br /> (5) A developer opting for the in lieu payment option or receiving <br />funding from the inclusionary housing fund shall provide a negotiated enforceable <br />commitment that the developer will use a “Skilled and Trained Workforce” as defined in <br />Public Contract Code section 2601 to complete the construction of the project,.section. <br />The negotiated enforceable commitment shall also ensure a minimum of 30% of all <br />work-hours for the project be performed in accordance with local hire policies approved <br />by the City Council., as well as its contractors and subcontractors at every tier <br />performing work for the new housing units is encouraged and should provide an <br />enforceable commitment that a skilled and trained workforce will be used to complete a <br />contract or project in accordance with Public Contract Code §§ 2601—2602. <br /> <br /> <br />Section 11. Section 41-1910 of Chapter 41 of the Santa Ana Municipal Code is <br />hereby amended to read in its entirety as follows: <br /> <br /> Sec. 41-1910. - Administrative. <br /> <br /> (a) In-lieu fee calculation. The amount per square foot of the inclusionary <br />housing in-lieu fee shall be subject to city council review and consideration. before the <br />end of calendar year 2018, but after June 30, 2018. Between July 1, 2018 and <br />December 31, 2018, staff shall report on the effectiveness of this ordinance and provide <br />options for council consideration on the components of this ordinance, including, but not <br />limited to, the monetary amount of inclusionary in-lieu fee per square foot. <br /> <br /> (b) Prior projects. The applicant(s) of any project for which a site plan review <br />application was submitted and such application was deemed complete prior to August <br />4, 2015, may either construct the inclusionary units pursuant to the prior housing <br />opportunity ordinance (Ordinance No. NS-2825) or pay an in lieu fee calculated by the <br />formula under the prior housing opportunity ordinance (Ordinance No. NS-2825) or