Laserfiche WebLink
APPENDIX A - TABLE 3-3 <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 Canopy Lane <br />B. Project Address Fairview and Alton <br />II. On-Site Inclusionary Requirement <br />A. Required Number of Inclusionary Units <br />Total Project Units 38 <br />Inclusionary Requirement as % of Total Units 15% <br />Total Inclusionary Requirement (Round-up) 6 <br /> Required # of <br /> Total Project Inclusionary <br />B. Inclusionary Unit Distribution Units % of Total Units' Units 2 <br />Two-bedroom Units 0 0% 0 <br />Three-bedroom Units 11 29% 2 <br />Four-bedroom Units 27 71% 4 <br />Totals 38 100% 6 <br />Total Building Area (Square Feet) 80,899 <br /> Restricted Price - <br /> Moderate Income Affordability Gap / <br />III. Affordability Gap / Unit Calculation Market Prices Units 3 Unit <br />Two-bedroom Units $0 $0 $0 <br />Three-bedroom Units $500,000 $358,000 $142,000 <br />Four-bedroom Units $600,000 $385,000 $215,000 <br />Affordability Total Affordability <br />IV. Affordability Gap Calculation Gap / Unit Inclusionary Units Gap <br />Two-bedroom Units $0 - $0 <br />Three-bedroom Units $142,000 2 $284,000 <br />Four-bedroom Units $215,000 4 $860,000 <br />Total Affordability Gap $1,144,000 <br />Total In-Lieu Fee 4 $1,144,000 <br />Per Total Unit $30,100 <br />Per Income Restricted Unit $190,700 <br />Per Square Foot of Total Building Area $14.14 <br />This column must add up to 100%. <br />2 Multiply the % of Total Units times the Total Inclusionary Requirement. <br />3 The restricted prices are set at the defined affordable sales prices for moderate income households. <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 A3-3 75B-1 7