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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 />I. 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 />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 <br />112 <br />15% <br />17 <br />Required # of <br />Total Project <br />Inclusionary <br />Units <br />% of Total Units' <br />Units 2 <br />23 <br />21% <br />3 <br />41 <br />37% <br />6 <br />48 <br />43% <br />8 <br />112 <br />100% <br />17 <br />221,400 <br />Restricted Price - <br />Moderate Income <br />Affordability Gap / <br />Market Prices <br />Units 3 <br />Unit <br />$350,000 <br />$280,000 <br />$70,000 <br />$400,000 <br />$320,000 <br />$80,000 <br />$520,000 <br />$385,000 <br />$135,000 <br />Affordability <br />Total Affordability <br />Gap / Unit <br />Inclusionary Units <br />Gap <br />$70,000 <br />3 <br />$210,000 <br />$80,000 <br />6 <br />$480,000 <br />$135,000 <br />8 <br />$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 <br />