Item 26 - Public Hearing Regarding Bristol Project

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Related Bristol Specific Plan Entitlements & Development Agreement (3600 S. Bristol St.) and Staff Resolution Modifying Parking Districts in the Surrounding Area October 1, 2024 Page 16 Issue Analysis housing and other residential development requirements for the 6th Cycle (2021-2029) planning period, far outpacing any city in Orange County, as evidenced by issuing 1,635 permits for housing units across all affordability categories, fulfilling 52% of its RHNA less than two years into the eight -year planning period. The Related SP assists the City in achieving its housing goals in a location where high intensity urban development is both achievable and consistent with the current and envisioned surrounding urban form. The project is proposing up to 3,750 market -rate units. The City's RHNA allocation for Above Moderate (>120% of area median income, or AMI) for the 6th Cycle (2021-2029) planning period is 1,625 dwelling units. Therefore, the proposed development may achieve 2.31 times the allocated Above Moderate dwelling units for the planning period. Consistency with the The City's inclusionary housing ordinance, known as the Affordable Housing Affordable Housing and Opportunity Creation Ordinance (AHOCO), generally applies to housing and Opportunity projects proposing five or more units that are also requesting an increase in Creation Ordinance allowable density or are located in certain sections of the City that were "up- (AHOCO) zoned," such as through a City -initiated zone change or general plan amendment to allow additional residential development after November 28, 2011. As the proposed project is located in a section of the City that meets this threshold, the South Bristol Street Focus Area, the applicant's request is subject to the AHOCO requirements of production of affordable housing or payment of in -lieu fees. Pursuant to Santa Ana Municipal Code Sections 41-1903 (Exempt projects) and 41-1904 (Options to satisfy inclusionary requirements), the applicant has indicated intent to select the option to pay in -lieu fees at a rate of $5 per square foot of habitable residential area. Based on available figures for the project and under the current ordinance, staffs analysis of the project indicates the project could generate between $9,375,000 and $18,750,000 in in - lieu fees, based on 3,750 units proposed, unit types/mix, and square footages. Any in -lieu fees generated by the project must be spent on production of affordable housing in the City of Santa Ana. During the extensive outreach conducted as part of the project's review process, the community identified onsite parking supply and availability as a key concern. Specifically, the community identified parking concerns related to availability for the commercial components (supply, ease of access, and wayfinding) and the residential components (sufficient parking for future residents and their guests). Table 4, below, analyses the project's proposed parking supply against current Santa Ana Municipal Code (SAMC) requirements. To address the differences in parking between the SAMC and the proposed SP, the applicant prepared a comprehensive parking study and parking management plan. The study and plan evaluate the proposed project, the project's anticipated parking demands, actual parking demands based on field observations at other similar multifamily communities, parking impacts, and means to mitigate any parking impacts of the project. To verify the findings of the study, City staff visited a dozen residential and