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(unoccupied) finished the quarter at 11.44%, up 48 basis point year -over -year. North Orange County posted the lowest vacancy rate at 7.17%, while the Airport Area and Central County had vacancy rates greater than 12% at the end of fourth quarter. Higher vacancy in the Airport Area is mainly due to its concentration of new deliveries still in the initial lease -up phase." With the build out of the already approved housing developments within .5 miles of 2525, the immediate area will see population growth of over 10,000 residents (based upon the developer's quoted projected unit mix and occupancy rates for the proposed 2525 development - attached), many of whom will fit the highly educated profile of the target tech and medical company workforce with the required salaries to pay the anticipated market rate rents. Add to that the existing working population in the area and any company won't have far to look for a workforce which would love to walk to work. This, in turn, would help to mitigate the increased traffic, infrastructure wear and tear, and pollution which is expected with the additional population. In addition, it would do much to activate Santiago Park as people discover it on their walk to work, something we have been told by the City is necessary in order to help address the volume of homeless in the area. The Impact of SCAG Requirements: When it comes to the SCAG numbers, Santa Ana has exceeded its mandated goals for the current reporting period. I encourage the City Council to fight the existing SCAG rule which does not allow cities to count its housing overage against the next reporting period's requirement. This rule is a disincentive for cities to address the housing crisis with any speed. No city in its right mind will agree to push forward with providing housing that might possibly put itself over SCAG's requirement for the existing reporting period. We cannot be the only city in this predicament, which should allow us to join forces to make a logical argument. It is time to mitigate the impact of the approved developments and accompanying population increase with a viable solution: a marketable and much needed walk -to -work location. Please consider the needs of both the approved developments' new residents and those who have lived here for many years. Thank you for your time, Christine Denny-Helvig Park Santiago Resident