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APPENDIX A - TABLE 3 -1 IN -LIEU FEE EXAMPLE OWNERSHIP HOUSING EXAMPLE INCLUSIONARY HOUSING IN -LIEU FEE METHODOLOGY SANTA ANA, CALIFORNIA I. Proiect Description A. Project Name B. Project Address II. On -Site Inclusionary Requirement A. Required Number of Inclusionary Units Total Project Units Inclusionary Requirement as % of Total Units Total Inclusionary Requirement (Round -up) B. Inclusionary Unit Distribution Two - bedroom Units Three - bedroom Units Four - bedroom Units Totals Total Building Area (Square Feet) III. Affordability Gap / Unit Calculation Two - bedroom Units Three - bedroom Units Four - bedroom Units IV. Affordabilitv Gap Calculation Two - bedroom Units Three - bedroom Units Four - bedroom Units Total Affordability Gap Avenue E 2823 West Edinaer Avenue Total Project Units % of Total Units 10 23% 10 23% 24 55% 44 71,478 Market Prices 100% Restricted Price - Moderate Income Units 3 44 15% 7 Required # of Inclusionary Units 2 2 2 3 7 Affordability Gap / Unit $275,000 $220,000 $55,000 $375,000 $300,000 $75,000 $475,000 $380,000 $95,000 Affordability Total Affordability Gap / Unit Inclusionary Units Gap $55,000 2 $110,000 $75,000 2 $150,000 $95,000 3 $285,000 $545,000 Total In -Lieu Fee 4 $545,000 Per Total Unit $12,400 Per Income Restricted Unit $77,900 Per Square Foot of Total Building Area $7.62 ' This column must add up to 100 %. 2 Multiply the % of Total Units times the Total Inclusionary Requirement, 3 The restricted prices are set at 20% less than the projected market rate prices for the units. 4 The Total In -Lieu Fee is equal to the Total Affordability Gap. Prepared by: Keyser Marston Associates Filename: SA In -lieu Fee_6_7_11; APP A3 -1 75B -15