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Judson Brown, City of Santa Ana June 28, 2021 <br />Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 9 <br /> <br /> 2106011.SA:KHH <br /> 19090.017.021 <br /> <br />Affordable Rent Calculations – Rental Residential Development <br /> Very Low <br />Income <br /> <br />Low Income <br /> Studio Units <br /> Maximum Monthly Housing Cost $934 $1,121 <br /> (Less) Monthly Utility Allowance (58) (58) <br />Affordable Rent $876 $1,063 <br /> One-Bedroom Units <br /> Maximum Monthly Housing Cost $1,067 $1,280 <br /> (Less) Monthly Utility Allowance (67) (67) <br />Affordable Rent $1,000 $1,213 <br /> Two-Bedroom Units <br /> Maximum Monthly Housing Cost $1,201 $1,441 <br /> (Less) Monthly Utility Allowance (90) (90) <br />Affordable Rent $1,111 $1,351 <br /> Three-Bedroom Units <br /> Maximum Monthly Housing Cost $1,344 $1,601 <br /> (Less) Monthly Utility Allowance (114) (114) <br />Affordable Rent $1,220 $1,487 <br /> <br />Supportable In-Lieu Fees <br />KMA estimated the supportable in-lieu fee amounts for rental residential projects based <br />on the “Affordability Gaps” associated with the on-site development of affordable <br />housing units within market rate rental residential projects. The Affordability Gaps for <br />rental residential developments are estimated in Attachment 1 - Appendix B – Exhibit II <br />using the following methodology: