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(4) (4) Development of new residential uses or increase of the permitted <br />residential density or percentage of residential development within an overlay zone <br />approved pursuant to Division 28 of Article I of this Chapter. <br />(5) Conversion oft rental units to condominium ownership. <br />(b) Applications. The inclusionary requirements shall only apply to the <br />incremental ' in the Rid.m.beF of units beyond that which is allowed "��'� ;e amity <br />P8FFRi#ed by the ^o ^r^i . i^^. as prescribed in Subsection (a) above. <br />(c) Units for sale. If the new residential project consists of units for sale, then a <br />minimum of ten (10) percent of the total number of units in the project shall be sold to <br />moderate households. <br />(d) Rental units. If the new residential project consists of rental units, then a <br />minimum of fifteen (15) percent of the units shall be rented to low-income households, <br />eaten (10) percent rented to very low-income households, or five (5) percent rented to <br />extremely low-income households. <br />(e) Rounding of quantities in calculations. In calculating the required number of <br />inclusionary units, fractional units shall be rounded -up to the next whole unit. The <br />developer may choose to pay an in -lieu fee set forth in section 41-1904(c) for the <br />fractional units, which shall be calculated based on the number of habitable square feet <br />applicable in each case. <br />(f) Displacement of existing inclusionary units. Notwithstanding any other <br />provision of this article, any residential project subject to this article that results in the <br />displacement of very low and/or low-income household(s) shall be required to provide <br />on -site inclusionary units as required by this article. <br />(g) Compliance with article. All inclusionary units required by this article shall <br />be sold or rented in compliance with this article. <br />Section 7. Section 41-1903 of Chapter 41 of the Santa Ana Municipal Code is <br />hereby amended to read in its entirety as follows: <br />Sec. 41-1903. - Exempt projects. <br />The following are exempt from the requirements of this article: <br />(a) Applications deemed complete. Applications that include a residential <br />project for which a development application has been deemed complete prior to <br />November 28, 2011. <br />Ordinance No. NS-XXX <br />Page 6 of 16 <br />City Council 1 — 20 7/26/2021 <br />