050205 PH Five Hear Implementation Plan

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Production Obligation Very-Low Low /Moderate Timing Income Income Total By June 30, 2005 38 56 94 By June 30, 2015 65 89 154 Through Project Area Termination 155 223 378 Inclusionary Housing Production The Agency has an obligation to produce 94 inclusionary housing units by June 30, 2005. Comparatively, to date, a total of 159 units have been produced, leaving a surplus of 65 units. These units will fulfill the inclusionary housing production requir nts associated with subsequent residential development within the Merged Pro' Area. (Table H -6 lists the inclusionary housing production units). As shown in Table H -7, it is currently anticipate hat 3 addition I in usionary housing production units will come on -line between my 1, 00 a ne 3 20 . As shown in the following table, when these units are ad ed to e 1 units t t have rea y been produced, the Agency is projected to have 470 inclu 'onV usi p duction uni y June 30, 2015. O I I ion ry Housing Production Ve -Lo Low /Moderate *20 nco e Income Total As of June 120.5 38.5 159.0 July 1, 2005 86.0 225,0 311.0 Total 206.5 263.5 470.0 The 470 inclusionary housin pr ction units will fulfill the production requirements for the 10- year cycle between July 1, 20 and June 30, 2015, and over the remaining life of the Merged Project Area. Table H -8 presentss the inclusionary housing projections for the Merged Project Area. As can be seen in Table H -8, it is currently projected that the Agency will have a surplus of 92 production units. Of this total, 51.5 are projected to be very-low income units and 40.5 are projected to be low /moderate income units. Santa Ana Community Redevelopment Agency Implementation Plan Keyser Marston Associates, Inc. For the Merged Santa Ana Redevelopment Project Area July 1, 2005 to June 30, 2010 Page 33 0504021.SA. KHH.JLR.gbd 19090.004.001/4122/2005