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the transfer to the City of Santa Ana of some share of the County's RHNA allocation obligation for the sixth housing element planning period, provided that certain requirements of the Agreement are satisfied. This MOU is intended by the County and the City to serve as the RHNA allocation transfer agreement contemplated by Section 6 of the Agreement as may be amended pursuant to Section 14 of this agreement and to attain approval by SLAG. F. Approval of the Project and successful implementation of the MOU will allow the County to meet its RHNA for the 2021-29 Planning Period and obtain a certified housing element. This MOU provides for RHNA allocation transfers from the County to the City in the2021-29 Planning Period. NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements contained herein, the Parties hereto mutually agree as follows: 1. Housing Site. The City has identified the specific portion of the Property zoned Transit Village (TV) in the Transit Zoning Code (the "Housing Site"), as shown in Exhibit B hereto, as an available site for housing in its 2021-2029 housing element, and intends to issue, upon application, residential building permits for construction of 85-units of extremely low- income housing on the Housing Site during the 2021-29 Planning Period, while the Housing Site remains in the City's jurisdiction, in order to satisfy the City's RHNA allocation obligation for the 2021-29 Planning Period. The City will receive RHNA credit for all of the units on the Housing Site. 2. Transfer of RHNA Allocation Shares. a. Very Low -Income Unit Transfer. For the 2021-29 RHNA Planning Period (or as that planning period may be adjusted by SLAG, the Department of Housing and Community Development, or statute), upon SCAG's adoption of a final RHNA, the County and City shall jointly apply to SCAG to transfer 20 units from the County's RHNA allocation to the City. This would result in a reduction of the County's RHNA allocation of -very -low units by 20 units and an increase to the City's RHNA allocation of very -low units by 20 units, as provided for and in conformance with the requirements of Government Code section 65584.07. Accordingly, upon SCAG's approval, the City's RHNA allocation of very -low units will increase by 20 units and the County's RHNA allocation of very -low units shall decrease by 20 units, as allowed under Government Code section 65584.07. For purposes of this paragraph, "very low-income units" shall mean units where the household income for eligibility to live in the unit does not exceed 30% of the local area median income (AMI) as established by state and federal law. b. Moderate Unit Transfer. Additionally, the County's RHNA allocation of moderate -income units shall be reduced proportionally in conformance with the requirements of Government Code section 65584.07. To fulfill the obligations set forth in Government Code section 65584.07, the County and City shall jointly apply to SCAG to transfer 22 moderate units from the County's RHNA allocation to the City. This would result in a reduction of to reduce the County's RHNA Crossroads at Washington RHNA Allocation Transfer Agreement