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the majority of Santa Ana. If we cannot have additional housing in our part of town, how do we justify it in other parts of town that are much more densely populated? Whether we want to admit it or not, when our vacancy rates are as low as they are right now, which is essentially just vacant turn over time, we have a housing issue to deal with. The entire city has a housing issue to consider. Even the areas of town that are less densely populated should be considering how we can be part of the solution. We need to consider that if this project is stopped, which I don't think they should, that the next one may be worse for all parties (including the city due to residential development fees) and due to the current zoning on that property, we may be stuck with what we can get. We have an opportunity right now to be sure that any positive changes to the project that can be made, are considered. Residential Property Values There is a lot of concern about what a high density development will do for our property values. Sure, there may be e short term decrease as those who are so opposed to living next to apartments decide to sell their homes despite the residents of 2525 quite possibly paying more per month for their rent than our cost of ownership. However, I believe that the residents of 2525 will be the future home buyers of our houses when we are ready to move on. If they are willing to pay the prices proposed, they will soon be trying to buy a home- and hopefully in our great neighborhoods. Additionally, if folks do move, which I hope that they do not, they likely will be replaced by new buyers who will pay higher property taxes due to Prop 13 value resets to fair value. This is not a reason to approve the project but just a silver lining in case folks do intend to move because of this project. Conclusion There are positives that can come about from this project if we keep an open mind when comparing it to the existing 3 - story building zoning ... less traffic, more city revenue, more low income housing availability through development fees, etc.... Yes, there are negatives such as a possible lack of fit with the Park Santiago neighborhood and also a change from the current status quo of a vacant building and these need to be weighed and considered when viewing this project. Please consider all voices and not just those that speak the loudest or in the most numbers, but also consider the entire city. We cannot look at this in a bubble but must look at what is best for the whole city. As a resident of North Santa Ana, I want the best not only for my current neighbors, but my fellow residents who live in a completely different part of town and also future neighbors who do not even know they will be moving into Santa Ana in the future. I trust you will also and as such, please consider all aspects of this project when determining the best course of action. Thanks for your consideration.