Item 12 - Density Bonus Agreement No. 2025-03

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DBA No. 2025-03 — Olive Crest (2130 East Fourth Street) June 23, 2025 Page 10 Standard Analysis developer would be required to remove additional surface parking stalls on the site, which would which would create overall parking constraints on the site and would further increase development costs making the Project economically infeasible. To help alleviate the common open space deficiency, the Project proposes a 761-square-foot community area to include a community room, office, bathroom, and laundry area. Moreover, the 1,430 square feet of outdoor open space would be improved with high quality decorative pavers, synthetic turn lawn, moveable furnishings, and landscaping. Lastly, the overall site design and proposed amenities took into account the proximity of the City of Santa Ana Zoo/Prentice Park and Cabrillo Park, which are located approximately 0.85-miles and 0.45-miles away. The close proximity of the City park space reduces the overall impact of the waiver for the open space requirement. Based on the analysis provided within this report, the proposed development will materially assist in accomplishing the goal of providing additional affordable and market -rate rental housing stock in the city and will consistent with the applicable designation in the general plan land use element. In addition, the proposed deviations are necessary to make the Project economically feasible pursuant to section 41-1603. General Plan Consistency The proposed Project aligns with several goals and policies of the City of Santa Ana's General Plan. Goal LU-1 of the Land Use Element (LU) seeks to provide a land use plan that enhances quality of life while respecting the existing community. By introducing high - quality, service -enriched housing for transitional aged youth (TAY), the Project would improve quality of life for both future residents and the broader community. The development activates an underutilized site adjacent to Olive Crest's Children and Family Resource Center, and introduces a compatible residential use that is consistent in scale and form with the surrounding neighborhood. This supports Policy LU-1.1, which promotes compatible land uses to enhance livability and promote a healthy lifestyle. The Project furthers the City's goal of diversifying the housing stock by providing transitional supportive housing tailored to the unique needs of TAY, a population with limited access to stable housing. This aligns with Policy LU-1.5, which encourages quality infill residential development that includes diverse housing types for all income levels and age groups. By focusing specifically on youth emerging from foster care, homelessness, or other housing -insecure circumstances, the Project offers a deeply needed housing solution that expands the City's capacity to accommodate all residents, regardless of income or background. Additionally, the development promotes inclusive neighborhoods, supporting Policy LU-4.7, which encourages mixed -income developments and housing variety to foster economically diverse communities.