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Quarterly Report for Housing Division <br />August 20, 2019 <br />Page 4 <br />Housing Opportunity 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 />All in -lieu fees, penalties and other monies collected pursuant to the Housing Opportunity <br />Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since inception, <br />the Inclusionary Housing Fund has generated $17,872,871 to be used for the development of <br />housing affordable to low and moderate -income households, with a reasonable amount spent on <br />administrative or related expenses associated with the administration of the Housing Opportunity <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 />Affordable Housing Units under Construction /Pre -Construction with In -Lieu Fees: <br />A total of 203 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; a $1.3 million loan of in -lieu fees to develop 51 units of <br />affordable housing at the Tiny Tim Plaza project; a pre -loan commitment of $3,170,547 to <br />develop 93 units of affordable housing at the Legacy Square project; and a commitment of <br />$231,494 to develop two affordable homeownership units by Habitat for Humanity at 416 Vance <br />Street and 826 N. Lacy Street. <br />Units Under Construction / Pre -Construction with In -Lieu Fees <br />Project <br /># of Units <br />Santa Ana Arts Collective <br />57 <br />Santa Ana United Methodist Church "Legacy Square" <br />93 <br />Tiny Tim Plaza <br />51 <br />416 Vance Street & 826 N. Lacy Street <br />2 <br />TOTAL <br />203 <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. <br />This report reflects the status of funds and projects for the period ending June 30, 2019. <br />19F-4 <br />