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IN-UEU FEE CALCULATION <br />OWNERSHIP PROJECTS -15%MODERATE INCOME INCLUSIONARY REQUIREMENT <br />HOUSING OPPORTUNTY ORDINANCE <br />SANTA ANA, CALIFORNIA <br />1. Project Description <br />A. Project Name <br />B. Project Address <br />II, On -Site Incluslonary Requirement <br />A. Required Number of Incluslonary Units <br />Total Project Units <br />Incluslonary Requirement as %of Total Units <br />Total Incluslonary Requirement (Roundup) <br />B. Inclusionary Unit Distribution <br />Two -bedroom Units <br />Three -bedroom Units <br />four -bedroom Units <br />Totals <br />Total Building Area (Square Feet) <br />III, Affordability Gap 7 Unit Calculation <br />TWp-bedroom Units <br />Three -bedroom Units <br />Four -bedroom Units <br />1206-1310 N Harbor <br />1206-1310 N Harbor Blvd <br />110 <br />15% <br />17 <br />Required p of <br />Total Project Incluslonary <br />Units %of Total unitsUnits' <br />- 000% 0 <br />49 44.55% 8 <br />61 55.45% 9 <br />110 100.00% 17 <br />205,952 <br />Restricted Price - <br />Moderate Affordability Gap/ <br />Market Prices Income' Unit <br />$0 $0 $0 <br />$455,000 $364,00 $91,000 <br />$415,000 $332,OW $83,000 <br />Affordability Inclusionary Total Affordability <br />IV. Affordability Gap Calculation Gap/Unit Units Gap <br />TWD.bedioom Units $0 - $0 <br />Three -bedroom Units $91,000 8 $728,000 <br />Four -bedroom Units $83,000 9 $747,000 <br />Total Affordability Gap $1,475,000 <br />Total ImLieu Fee 4 $1,475,000 <br />Per Total Unit $13,400 <br />Per Income Restricted Unit $86,800 <br />Per Square Foot of Total Building Area $7A6 <br />This column must add up to 100%. <br />' Multiply the % of Total Un Rstlmes the Total Incluslonary Requirement. <br />Equal to the lesser of the defined Affordable Sales Price or 20%less than the projected Market Price. <br />4 The Total ImUru Fee is equal to the Total Affordabllity Gap. <br />Prepared by. City of Santa Ana <br />9/25/2014 <br />Inclusionary Housing Agreement <br />City of Santa Ana February 17, 2015 <br />1 603\1 4\1 654522.2 <br />