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Quarterly Report for Housing Division <br />October 6, 2020 <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, including <br />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 $17,872,871 to be used for the development of <br />housing affordable to low- and moderate -income households, with a reasonable amount spent on <br />administrative or related expenses associated with the administration of the Housing Opportunity <br />Ordinance. These fees were generated from a total of 12 projects that opted to pay the in -lieu fee <br />instead of building units on -site. If those 12 projects had instead built the inclusionary housing units <br />on -site, a total of 409 affordable housing units would have been created. <br />In -lieu fees generated have been used to develop new affordable housing opportunities, provide <br />emergency shelter, and create homeownership opportunities. Below is a summary of how in -lieu <br />fees have been used by the City: <br />Project <br />Inclusionary Housing <br /># of Units <br />Address <br />Funds Spent <br />Santa Ana Arts Collective <br />$ 4,775,000.00 <br />57 <br />1666 N. Main Street <br />La Placita Cinco <br />$ 1,300,000.00 <br />50 <br />2239 West 5th Street <br />The Link Interim Emergency <br />$ 3,152,940.00 <br />N/A <br />2320 S Redhill <br />Shelter <br />Avenue <br />TOTAL <br />$ 9,227,940.00 <br />107 <br />19C-4 <br />