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Density Bonus Agreement No. 2020-02, FX Residences March 22, 2021 Page 2 5 6 8 Item Information Development Standards UN-2, Sec. 41-2014; Sec. 41-2020; Sec. 41-2024 DISCUSSION Project Description The project includes the construction of a new affordable rental residential development consisting of 17 units, 1,120 square feet of group space (e.g., lobby, lounge/loft, and laundry areas), and a 389-square foot community room. The development will consist of a two-story building with flats/apartment units, trash enclosure, ten covered parking stalls, and one van accessible surface-parking stall. It will feature onsite amenities such as communal laundry facilities on the first and second floor, onsite bicycle storage, 400 square feet of on-site storage, and 608 square feet of office space. One unit will be set aside for the onsite manager while 16 units are proposed as affordable to households earning less than thirty percent (30%) of the area median income (AMI) which is currently set at $72,100, adjusted for a one-person household size, as published by HCD. Each of the seventeen units will be one-bedroom and will contain a full kitchen, a single bedroom, a full bathroom, and open/common (living) areas. Open space will be provided through a private interior courtyard approximately 1,877 square feet in size. The design and layout of the proposed courtyard creates a unique outdoor area within the development that functions as a passive outdoor space. The courtyard will feature an exterior art wall/mural and a robust landscape palette with a variety of hardscaping materials, trees, and shrubs. Trees and shrubs include, but are not limited to, queen palms, camphor and crape myrtle trees, Indian Hawthorne, red kangaroo paw, and blue ice yellow- wood. Landscaping and a block wall will provide buffering/screening for the adjacent single- family residences to the north. The block wall will feature a varied wall height to allow for proper egress and fire access to building on the adjacent property, which is too close the existing property line. The project features a Mission Revival architectural style common of many multiple-family or mixed-use residential communities under construction in Santa Ana and the region. The residential structure is designed to fully screen all mechanical equipment within the structure and parapet walls. The Mission Revival style respects and complements the surrounding neighborhood, including the Triada at the Station District located on the corner of Santa Ana Boulevard and Lacy Street, which was completed in 2013. Overall, the project will include a design and solid construction materials that will ensure that the project ages well for the duration of the building’s lifetime. The project is proposed to be entirely affordable with 16 units of permanent supportive housing for individuals experiencing chronic homelessness. During the density bonus agreement’s 55-year term, the units are to be rented for occupancy by extremely low-income tenants, at a rent that does not exceed thirty percent (30%) of thirty percent (30%) of the City Council 2 –2 3/22/2021