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SUMMARY TABLE
<br />RENTAL RESIDENTIAL DEVELOPMENT
<br />HOO: IN-LIEU FEE ANALYSIS
<br />SANTA ANA, CALIFORNIA
<br />MARKET RATE
<br />ALTERNATIVE
<br />VERY LOW INCOME
<br />ALTERNATIVE
<br />LOW INCOME
<br />ALTERNATIVE
<br />VERY LOW INCOME
<br />DENSITY BONUS
<br />ALTERNATIVE
<br />I.Project Description
<br />A.Site Area (Sf)217,800 217,800 217,800 217,800
<br />B.Total Units 300 300 300 450
<br />C.Density (Units/Acre)60 60 60 90
<br />D.Unit Mix - %
<br />Studio Units 75 75 75 113
<br />One-Bedroom Units 105 105 105 158
<br />Two-Bedroom Units 105 105 105 158
<br />Three-Bedroom Units 15 15 15 23
<br />Total Units 300 300 300 452
<br />E.Gross Building Area (Sf)343,676 343,676 343,676 343,676
<br />F.Number of Parking Spaces Provided 510 510 510 633
<br />Parking Spaces Per Unit 1.70 1.70 1.70 1.41
<br />II.Development Costs
<br />A.Property Acquisition Costs $13,068,000 $13,068,000 $13,068,000 $13,068,000
<br />Per Square Foot of Land Area $60 $60 $60 $60
<br />B.Direct Costs $94,230,000 $94,230,000 $94,230,000 $134,873,000
<br />Per Square Foot of GBA $274 $274 $274 $392
<br />C.Indirect + Financing Costs $30,965,000 $31,131,000 $31,131,000 $44,780,000
<br />As a % of Direct Costs 33%33%33%33%
<br />Total Development Cost $138,263,000 $138,429,000 $138,429,000 $192,721,000
<br />Per Square Foot of GBA $402 $403 $403 $561
<br />III.Stabilized Net Operating Income $6,413,000 $6,179,000 $6,170,000 $8,969,300
<br />IV.Return on Total Investment 4.6%4.5%4.5%4.7%
<br />V.Supportable Inclusionary Housing Requirement 1 5%6%10%
<br />VI.In-Lieu Fee Per Per Square Foot of Leasable Area $17.10 $17.80 NA
<br />1 Based on the total number of units in the project.
<br />Prepared by: Keyser Marston Associates
<br />File name: 6 24 21 SA HOO Rent; Rent Sum Page 2 of 8
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