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<br /> <br /> <br />May 7, 2024 <br />Page 5 <br /> <br />City of Santa Ana – Quarterly Report <br />Third Quarter of FY 2023-24 <br />JANUARY – MARCH 2024 <br />Table 4: Density Bonus Agreements <br />Date of <br />Agreement <br />Housing <br />Development Address Affordable Units <br />October 2018 Metro East Senior <br />Park 2222 E. First St. <br />415 rental units restricted for <br />very low-income and low- <br />income or senior tenants <br />August 2018 First Point I & II <br />Apartments <br />2110, 2114 and 2020 E. <br />First St. <br />547 rental units restricted for <br />very lo w-income and low- <br />income tenants <br />February 2019 Legacy Square 609 N. Spurgeon St. <br />92 rental units restricted for <br />very low-income and low- <br />income tenants <br />November 2019 The Rafferty 114 & 117 E. Fifth St. 11 rental units restricted for <br />very low-income tenants <br />December 2021 FX Residences <br />801, 807, 809 <br />and 809 ½ <br />E. Santa Ana Blvd. <br />16 permanent supportive <br />housing units <br />June 2022 WISEPlace 1411 N. Broadway 47 permanent supportive <br />housing units <br />August 2022 Brandywine <br />Acquisition Group 1814 & 1818 E. First St. <br />4 townhomes restricted for <br />sale to moderate-income <br />buyers <br />October 2023 Unison Real Estate <br />Group 1212 E. 4th St. 1 rental unit for very low- <br />income <br />November 2023 P & P Bros 322 N. Harbor Blvd. 2 rental units for very low- <br />income <br />Development Impact Fee Deferral Agreements <br />Development impact fees, mandated by the Mitigation Fee Act, are one-time charges <br />levied on new developments to offset the impacts they generate, in compliance with <br />California law. These fees are not intended to address pre-existing deficiencies but rather <br />to mitigate the effects of development activities. They can only finance improvements <br />benefiting new developments, with fees allocated based on a reasonable correlation <br />between the development, fee size, and revenue use. Unlike taxes, development impact <br />fees do not require voter approval and are commonly utilized by cities to address the <br />impacts of new developments on infrastructure like schools, parks, and transportation. <br />EXHIBIT 1