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Judson Brown, City of Santa Ana June 28, 2021 <br />Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 6 <br /> <br /> 2106011.SA:KHH <br /> 19090.017.021 <br /> <br />it is necessary to evaluate the in-lieu fee option in the context of rental residential <br />projects that do not make use of the Section 65915 density bonus. <br />As can be seen in the Summary Table: Rental Residential Development Analysis, the <br />conceptual analysis prepared by KMA indicates that a 5% to 6% affordable housing <br />requirement could be feasibly imposed on rental residential developments that do not <br />use the Section 65915 density bonus. KMA applied these percentages in our analysis of <br />the in-lieu fee that could be supported by rental residential development. <br />Development Assumptions <br />The development scopes used in the rental residential development analyses can be <br />described as follows: <br />1. The development site area is set at five acres. <br />2. The prototype project includes the following number of units: <br />a. The base case scenarios include 300 units. <br />b. The Section 65915 scenario includes a 35% density bonus, which results <br />in a total of 405 units. <br />3. The prototype project includes the following unit mix: <br />Unit Mix: Prototype Project <br /> <br />Number of Bedrooms <br /> Average Unit <br />Size (Sq. Ft.) <br /> Percentage of <br />Units <br /> Studio 750 25% <br />1 900 35% <br />2 1,140 35% <br />3 1,445 5% <br /> Weighted Average / Total 974 100% <br />