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APPENDIX A - TABLE 3-2 <br />IN-LIEU FEE EXAMPLE <br />OWNERSHIP HOUSING EXAMPLE <br />INCLUSIONARY HOUSING IN-LIEU FEE METHODOLOGY <br />SANTA ANA, CALIFORNIA <br />1. Project Description <br />A. Project Name <br />B. Project Address <br />II. On-Site Inclusionary Requirement <br />A. Required Number of Inclusionary Units <br />Total Project Units <br />Inclusionary Requirement as % of Total Units <br />Total Inclusionary Requirement (Round-up) <br />B. Inclusionary Unit Distribution <br />Two-bedroom Units <br />Three-bedroom Units <br />Four-bedroom Units <br />Totals <br />Total Building Area (Square Feet) <br />III. Affordability Gap I Unit Calculation <br />Two-bedroom Units <br />Three-bedroom Units <br />Four-bedroom Units <br />IV. Affordabilitv Gap Calculation <br />Two-bedroom Units <br />Three-bedroom Units <br />Four-bedroom Units <br />Total Affordability Gap <br />City Place <br />Memory Lane and Lawson Way <br /> 112 <br /> 15% <br /> 17 <br /> Required # of <br />Total Project Inclusionary <br />Units % of Total Units' Units 2 <br />23 21% 3 <br />41 37% 6 <br />48 43% 8 <br />112 100% 17 <br />221,400 <br /> Restricted Price - <br /> Moderate Income Affordability Gap / <br />Market Prices Units 3 Unit <br />$350,000 $280,000 $70,000 <br />$400,000 $320,000 $80,000 <br />$520,000 $385,000 $135,000 <br />Affordability Total Affordability <br />Gap / Unit Inclusionary Units Gap <br />$70,000 3 $210,000 <br />$80,000 6 $480,000 <br />$135,000 8 $1,080,000 <br /> $1,770,000 <br />Total In-Lieu Fee 4 $1,770,000 <br />Per Total Unit $15,800 <br />Per Income Restricted Unit $104,100 <br />Per Square Foot of Total Building Area $7.99 <br />This column must add up to 100%. <br />2 Multiply the % of Total Units times the Total Inclusionary Requirement. <br />The restricted prices for the two- and three-bedroom units are set at 20% less than the projected market rate prices. The <br />3 restricted price for the four-bedroom units is set at the defined affordable price for a moderate income household. <br />4 The Total In-Lieu Fee is equal to the Total Affordability Gap. <br />Prepared by: Keyser Marston Associates <br />Filename: SA In-lieu Fee_6_7_11; APP A3-2 75B-1 6