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The Renaissance Specific Plan covers an area of 400 acres within the old town area of Santa Ana. The project site is currently urban and developed with a wide range of civic, commercial, industrial, and residential land uses. Surrounding land uses vary, and include civic, commercial, industrial, and residential uses. The area is slated for residential development that will infuse energy into the downtown. MacArthur Place South/Promenade Pointe. Located in the Main and MacArthur area on the site of a vacant movie theatre and in an existing "Class A" office campus, this project will include five residential towers from 8 to 23 stories, offering over 1,000 condominiums and 25,000 sQuare feet of retail space. Patterned after four -star hotel living, the project will feature conference facilities and recreation amenities around a lakeside setting. Strategy #3: Seeking infill opportunities on underutilized sites that are either currently zoned or could be rezoned for residential uses. Strategy # 1 outlines one method of addressing a portion of the lower income housing production reQuirement of the RHNA. Strategy #2 also provides the basis for satisfying the regional housing needs allocation for above moderate income housing. The results of this analysis will likely show a remaining need for housing affordable to low and moderate income households. Deciding where such housing should be built in a largely developed urban fabric could be challenging. Based on our discussions withyou, we assume that the 1998 Land Use Element, as amended by Specific Plans and Overlay Zones, provides the basis for determining the available land for residential development. As the City continues to refine the underutilized land inventory, however, additional development opportunities may present themselves that are more suitable for low and moderate income housing. Typically, the most suitable sites allow for a density of 30 units per acre, but not necessarily density levels that greatly exceed that threshold. An increasing concern among City officials is to reduce the reliance on the automobile as a means to relieve traffic congestion and improve air Quality within the community. One such strategy is to designate housing sites along major corridors, near employment centers or transit centers, or major activity centers. By locating housing near these areas, residents will have a greater incentive to walk, which confers health benefits to the residents from exercise and improved air Quality. To further these ends, the site inventory will focus on identifying sites for new housing that will ensure a reduction in vehicle emissions and improved air Quality. Page 2-8 Proposal to City of Santa Ma