Item 03 - Affordable Housing Project at 801, 807, 809 and 809 ½ E. Santa Ana Blvd.

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Loan Agreement and Ground Lease Agreement for FX Residences December 7, 2021 Page 7 2 2 6 4 Table 2: Requested Incentives/Concessions TZC Standard Requirement Provided Sec. 41-2020 – Lot Width and Depth Lot Depth – 130’-0” – 250’-0” Lot Width – 125’-0” – 200’-0” Lot Depth – 150’-0” Lot Width – 100’-0” – Requires Concession for lot width at 25 feet less than the minimum (1 of 3), Cal. Gov’t Code Sec. 65915 (d)(1) Sec. 41-2003 – Tandem Parking Sec. 41-2003 of the TZC allows for tandem parking not to exceed 30% of the required parking per residential unit. 10 Tandem parking spaces proposed out of 12 spaces provided (83% of parking) - Requires Concession to exceed the minimum by 53% (2 of 3), Cal. Gov’t Code Sec. 65915 (d)(1) Sec. 41-2024 – Open Space Standards Common open space is required to be designed as a courtyard and be equal to 15 percent of the lot area. The required open space would be approximately 2,247 square feet. Common open space is provided as a 1,877-square-foot interior courtyard. – Requires Concession provide 12.5 percent of the lot area (3 of 3), Cal. Gov’t Code Sec. 65915 (d)(1) Sec. 41-2020 – Permitted Building Type The UN-2 land use designation does not permit the Stacked Dwelling Building Type A Stacked Dwelling Building Type is proposed at this location which is not permitted, pursuant to the TZC – Requires Waiver to allow Stacked Building Type, Cal. Gov’t Code Sec. 65915 (e)(1) Sec. 41-2024 – Landscape Standards Trees are required to be planted at the rate of one 24-inch box tree per 25 lineal feet of front yard. No trees are proposed or can be accommodated along Garfield Street. In addition, less than one tree per 25 lineal feet can be accommodated along Santa Ana Boulevard – Requires Waiver to allow no tree along the Garfield frontage and 1 tree per 37.5 lineal feet along Santa Ana Boulevard, Cal. Gov’t Code Sec. 65915 (e)(1) In addition, the site is parked in compliance with California Government Code Section 65915(p)(3)(A) and provides 0.71 spaces per unit, inclusive of handicapped and guest parking. The California Density Bonus Law allows 0.5 spaces per unit for rental projects that are 100-percent affordable to lower income households, and within one-half mile of an accessible major transit stop. The site provides 12 total parking spaces or 0.71 spaces per unit, which includes ten tandem-parking stalls and two van accessible parking stalls. The Density Bonus Agreement has been signed by HomeAid to acknowledge their acceptance of the terms. Development Impact Fee Deferral Agreement The Development Impact Fee Deferral Agreement will defer the collection of the Project’s development impact fees until prior to issuance of the certificate of occupancy instead of requiring payment of the fees at the time of building permit issuance. The Agreement is attached as Exhibit 7. HomeAid’s reason for the request is that they are entitled by State