Agenda Packet_2023-08-01 - Laserfiche WebLink

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Housing Division Quarterly Report August 1, 2023 Page 4 Date of Agreement Housing Development Address Affordable Units 415 rental units restricted October 2018 Metro East Senior Park 2222 E. First St. for very low income and low income or senior tenants 2110, 2114 and 2020 E. 547 rental units restricted August 2018 First Point I & II Apartments First St. for very low income and low income tenants 92 rental units restricted February 2019 Legacy Square 609 North Spurgeon St. for very low income and low income tenants 11 rental units restricted November 2019 The Rafferty 114 & 117 E. Fifth St. for very low income tenants 801, 807, 809 16 permanent supportive December 2021 FX Residences and 809 /2 housing units East Santa Ana Blvd June 2022 WISEPlace 1411 N. Broadway 47 permanent supportive housing units Brandywine Acquisition 4 townhomes restricted for August 2022 Group 1814 & 1818 E. First St. sale to moderate -income buyers Development Impact Fee Deferral Agreements Development impact fees are a one-time charge to new developments imposed under the Mitigation Fee Act. These fees are charged to new developments to mitigate impacts resulting from the development activity and cannot be used to fund existing deficiencies. This means that for improvements that benefit existing as well as new development, impact fees can only pay for the portion of the improvement that benefits the new uses. Impact fees must be adopted based on findings of a reasonable relationship between the development paying the fee, the size of the fee, and the use of fee revenues. Development impact fees do not require voter approval and are commonly used by cities to address the impact of new development on schools, parks, transportation, etc. Prior to issuance of any building permits, the City currently requires the payment of various development impact fees. However, affordable housing developers may submit a request to defer specific development impact fees for their property pursuant to California Government Code section 66007. The City and owner then execute a Development Impact Fee Deferral Agreement to defer certain development impact fees applicable to the property and place a lien on the property to secure payment of these fees, which are due before the issuance of the certificate of occupancy or the final building check. As of the date of this report, the City has entered into the following outstanding Development Impact Fee Deferral Agreements that are pending payment: Date of Agreement Developer Housing Development Address Estimated Total Fees Due December 2021 Shelter Providers of 802, 809, 809'/2 East $510,000 Orange County Santa Ana Blvd. July 2022 Washington Santa Ana 1126 &1146 E. $652,717 Housing Partners Washington Ave. City Council 9-4 8/1/2023