19D - RECEIVE AND FILE QRTLY PROJECTS

Home Browse Search

Quarterly Report for Housing Division December 1, 2020 Page 4 On -Site Development Since 2011, a total of 33 units have been developed on -site as a result of the Ordinance, including 23 ownership units for -sale and 10 rental units: Units Built On -Site Ownership Rental TOTAL 23 10 33 Regulatory agreements have been signed with two market -rate developments that will build 30 additional rental units on -site affordable to very -low income households. In -Lieu Fees Generated All in -lieu fees, penalties, and other monies collected pursuant to the Housing Opportunity Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since inception, the Inclusionary Housing Fund has generated $20,587,325 to be used for the development of housing affordable to low- and moderate -income households, with a reasonable amount spent on administrative or related expenses associated with the administration of the Housing Opportunity Ordinance. These fees were generated from a total of 13 projects that opted to pay the in -lieu fee instead of building units on -site. If those 13 projects had instead built the inclusionary housing units on -site, a total of 500 affordable housing units would have been created. In -lieu fees generated have been used to develop new affordable housing opportunities, provide emergency shelter, and create homeownership opportunities. Below is a summary of how in -lieu fees have been used by the City. Project Inclusionary Housing # of Units Address Funds Spent Santa Ana Arts $ 4,775,000 57 1666 N. Main Street Collective Tiny Tim Plaza $ 1,300,000 50 2239 West 5th Street The Link Interim $ 4,140,295 N/A 2320 S Redhill Emergency Shelter Avenue TOTAL $ 10,215,295 107 19 D-4