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(INCLUSIONAR`( HOUSING <br />PLAN) <br />IN -UEU FEE CALCULATION <br />OWNERSHIP PROl6CTS -15 %MODERATE INCOME WCLUSIONARY REQUIREMENT <br />HOUSING OPPOPTUNtY ORDINANCE <br />SANTA ANA, CALIFORNIA. <br />1. f tptle, <br />A. Pmlect Name <br />B. Project Addmas <br />II. On -She Iedushminr Renuiremedt <br />A. Required Number of meta unary Units <br />Total Pmlett Oulu <br />im1u316nary Requirement as %all earl Unita <br />Total Inclusurl Requirement (ROuhd: Vp( <br />B, ipdusionary Unit Distribution <br />Twodiedrbom Units <br />Three- bedrdam Unna <br />Four- bedroom Units <br />Tank <br />Total Wiping Area 15gpare Feet). <br />III, gffordabillN one I Unit Calculation <br />TWO-uterpnm Va$s <br />Three -b rproom Units <br />Four- hedraam Units <br />IV. Afforda181N Dan Calculation <br />TWo�be omhm Units <br />three- bedroom U,Rs <br />Foar-bedraom Units <br />Total Affordability Gap <br />5205. Harbor <br />5205, Harbor <br />35 <br />15% <br />8 <br />Required Nat <br />Total Pooled Indoulanaly <br />prior %ofTOtal unit, s Units' <br />18 51.43% 3 <br />17 48.57% 3 <br />as 100.00% S <br />69,307 <br />Restrigod prior <br />Moderate Affordability Gap( <br />Market Prices Incomes .Unit <br />$D $0 $0 <br />$462,500 $370;000 $92,500 <br />$460,000 $368,000 $91,000 <br />Affortlatillita, Induslonary Tetel Afformhuh, <br />Gap /Unit Units Gap <br />$D - $D <br />$91,500 3 $277,50D <br />$92,000 3 $276,000 <br />$553,500 <br />Total In-Lieu Fee' $553,500 <br />Per Tomil Unit $15,800 <br />Per Income Resgleted Unit $92,300 <br />Per Square FootaFTptai BUlldmItArea $9.61 <br />This column must add up to 100%. <br />° MuIthay the % or Total Unho times the Tatar lnclusione ry Requtremene <br />a Equal to the Impow of the doflned AffotdabloSales Price a 2b38 less than the projected Market pull <br />The Total ImLeu Fee is equal to the Total AftotaaallRy 'Gap. <br />'r26 5 Harbor: <br />- Inclusionary Unit Requirement: 35 units x 15% - 5.25 units <br />In -Lieu Fee Calculation based on fractional units: $42,300 x 5.25 units = $484,575 <br />4nclusionary Housing Agreement <br />City of Santa Ana April 11, 2015 <br />1603114V1654522.2 32B-42 <br />