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Report on Effectiveness of Housing Opportunity Ordinance and Council Options <br />December 4, 2018 <br />Page 2 <br />Effectiveness of the Ordinance <br />On -Site Development: <br />Since 2011, a total of 33 units have been developed on-site as a result of the Ordinance, <br />including 23 ownership units for -sale and 10 rental units: <br />Units Built On -Site <br />Ownership <br />Rental <br />TOTAL <br />23 <br />10 <br />33 <br />In -Lieu Fees Generated. <br />A total of $13,885,436 in in -lieu fees have been generated since October 2011 as a result of the <br />Ordinance. These fees were generated from a total of 9 projects that opted to pay the in -lieu fee <br />instead of building units on-site. If those 9 projects had instead built the inclusionary housing <br />units on-site, a total of 393 low-income units or 263 very low-income units would have been <br />created. By comparison, there were 2,589 market -rate units produced or are under construction. <br />(See Exhibit 2 for more detailed information.) <br />Affordable Housing Units under Construction / Pre -Construction with In -Lieu Fees: <br />A total of 108 units are under construction / pre -construction with an investment of in -lieu fees <br />generated. This includes a $4,775,000 loan of in -lieu fees to develop 57 units of affordable <br />housing at the Santa Ana Arts Collective and a pre -loan commitment of $1.3 million of in -lieu fees <br />to develop 51 units of affordable housing at the Tiny Tim Plaza project: <br />Units Under Construction / Pre -Construction with In -Lieu Fees <br />Project # of Units <br />TOTAL <br />Santa Ana Arts Collective 57 <br />108 <br />Tiny Tim Plaza 51 <br />In addition, $3,131,700 of in -lieu fees was committed by City Council on September 14, 2018 to <br />create 200 emergency shelter beds at the Link interim emergency shelter. An update on staff <br />efforts to replenish the in -lieu fees provided for the Link is provided in a separate staff report for <br />the December 4th City Council meeting. <br />The remaining balance of in -lieu fees generated was made available by City Council on June 19, <br />2018 in RFP # 18-056 for Affordable Housing Development. A recommendation is forthcoming <br />by a Review Panel formed by staff on the award of these remaining in -lieu fees. <br />65B-2 <br />