Item 07 - 2024 General Plan Annual Progress Report

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Attachment B Name of Program Objective Timeframe in KE Status of Program Implementation During CY 2024, the Crossroads at Washington project (located in the SD-84 plan area) was completed. This project was made possible through a total combined amount of $4,644,909 in financial assistance including $3,007,489 in HOME Investment Partnerships Program funds and $1,637,420 in Neighborhood Stabilization Program funds, fifteen (15) project -based vouchers, a joint sixty-five (65) year Ground Lease, and a Development Impact Fee Deferral Agreement. The Development Impact Fee B. Through the City's RFP for Affordable Deferral Agreement with Washington Santa Ana Housing Partners, L.P. defers Housing Development (see program No. 2), approximately $652,717 of their development impact fees. The Crossroads at facilitate and encourage the development in Washington project has 85 new affordable units and 1 manager's unit, with 42 three- SD-84 plan area of a variety of housing and four -bedroom units for large families, and 43 one- and two -bedroom affordable 14. Transit Zoning Code / types and mix of affordability levels, units for persons experiencing homelessness. 100% of the units are for extremely low - Specific Development No. including for lower income households Annually income households at 30% Area Median Income. 84 (SD-84) using appropriate incentives, such as awarding bonus points to developers whose The FX Residences project (also located in the SD-84 plan area) is currently under projects provide at least 75% or more of the construction and expected to be completed by January 2025. Approved by City Council, number of units to extremely low-income the project consists of 16 units of permanent supportive housing and one manager's families at 30% AMI. unit. The City provided financial assistance through $1,656,947 in Housing Successor Agency funds, three Project -Based Vouchers (PBVs), and a 99-year ground lease agreement for the property. Developed by HomeAid Orange County, Inc., with Mercy House as the service provider, FX Residences will provide much -needed housing for individuals experiencing homelessness. By prioritizing affordable housing in the SD-84 plan area, the City continues to facilitate and encourage development that serves extremely low-income households and supports long-term housing stability. 15. Metro East Mixed -Use A. Update the development review Dec. 2023 In 2024, the City made progress on the Comprehensive Zoning Code Update, which Overlay Zone (MEMU) processes and standards for the plan area includes approaches to streamlining and incentivizing by -right housing and mixed -use to streamline and incentivize by -right developments citywide. housing and mixed -use developments. B. Through the City's RFP for Affordable Housing Development (see program No. 2), facilitate and encourage the development in MEMU plan area of a variety of housing 15. Metro East Mixed Use types and mix of affordability levels, Overlay Zone (MEMU) including for lower income households Annually No Update for CY 2024. using appropriate incentives, such as awarding bonus points to developers whose projects provide at least 75% or more of the number of units to extremely low-income families at 30% AMI.