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Related Bristol Specific Plan Entitlements & Development Agreement (3600 S. Bristol St.) <br />and Staff Resolution Modifying Parking Districts in the Surrounding Area <br />September 17, 2024 <br />Page 15 <br />Issue <br />Analysis <br />• Constructed spaces: 1.3/unit <br />0 4,875 spaces for residences <br />0 1,645 spaces for commercial components <br />• Constructed spaces + valet/other management: 2.0/unit <br />0 7,295 spaces for residences <br />0 1,645 spaces for commercial components <br />The majority of parking in the community would be below grade <br />(underground), similar to the parking configuration in place at Crystal Court, <br />part of South Coast Plaza in Costa Mesa. On -street parking would be provided <br />along onsite site roadways, and residential communities would contain "wrap" <br />or "podium" parking structures for dedicated parking for each residential <br />building. The Specific Plan allows for shared and alternative approaches to <br />parking as technology evolves and parking demand is reduced through <br />innovations such as parking lifts, enhanced transit, and ridesharing. Tandem <br />stalls and compact stalls (up to 10%) would also be provided, subject to staff <br />review and approval of a parking management plan or valet program. <br />Regional Housing <br />The Housing Element Annual Progress Report includes a summary of Santa <br />Needs Allocation <br />Ana's progress in meeting its share of the RHNA. The State of California has <br />(RHNA) <br />placed an urgent emphasis on housing of all types. Santa Ana's Regional <br />Housing Needs Allocation (RHNA) for the next General Plan Housing Element <br />cycle, which extends from 2021-2029, includes 3,137 housing units. This <br />allocation is for housing units to be constructed to support the anticipated growth <br />in the City over this period. <br />The City of Santa Ana has a proven track record of not only planning for housing <br />but issuing building permits for the construction of housing at all affordability <br />categories as demonstrated by exceeding its 5th Cycle (2014-2021) RHNA by <br />over 2,300%. The City is also on pace to meet or well exceed its affordable <br />housing and other residential development requirements for the 6th Cycle <br />(2021-2029) planning period, far outpacing any city in Orange County, as <br />evidenced by issuing 1,635 permits for housing units across all affordability <br />categories, fulfilling 52% of its RHNA less than two years into the eight -year <br />planning period. The Related SP assists the City in achieving its housing goals <br />in a location where high intensity urban development is both achievable and <br />consistent with the current and envisioned surrounding urban form. The project <br />is proposing up to 3,750 market -rate units. The City's RHNA allocation for <br />Above Moderate (>120% of area median income, or AMI) for the 6t" Cycle <br />(2021-2029) planning period is 1,625 dwelling units. Therefore, the proposed <br />development may achieve 2.31 times the allocated Above Moderate dwelling <br />units for the planning period. <br />Consistency with the <br />The City's inclusionary housing ordinance, known as the Affordable Housing <br />Affordable Housing <br />and Opportunity Creation Ordinance (AHOCO), generally applies to housing <br />and Opportunity <br />projects proposing five or more units that are also requesting an increase in <br />Creation Ordinance <br />allowable density or are located in certain sections of the City that were "up- <br />(AHOCO) <br />zoned," such as through a City -initiated zone change or general plan <br />amendment to allow additional residential development after November 28, <br />