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APPENDIX A - TABLE 3 -3 IN -LIEU FEE EXAMPLE OWNERSHIP HOUSING EXAMPLE INCLUSIONARY HOUSING IN -LIEU FEE METHODOLOGY SANTA ANA, CALIFORNIA I. Project Description $1,144,000 Per Total Unit $30,100 A. Project Name $190,700 Canopy Lane B. Project Address Fairview and Alton II. On -Site Inclusionary Requirement A. Required Number of Inclusionary Units Total Project Units 38 Inclusionary Requirement as % of Total Units 15% Total Inclusionary Requirement (Round -up) 6 Required # of Total Project Inclusionary B. Inclusionary Unit Distribution Units % of Total Units' Units 2 Two - bedroom Units 0 0% 0 Three - bedroom Units 11 29% 2 Four - bedroom Units 27 71% 4 Totals 38 100% 6 Total Building Area (Square Feet) 80,899 Restricted Price - Moderate Income Affordability Gap / III. Affordability Gap / Unit Calculation Market Prices Units 3 Unit Two - bedroom Units $0 $0 $0 Three - bedroom Units $500,000 $358,000 $142,000 Four - bedroom Units $600,000 $385,000 $215,000 Affordability Total Affordability IV. Affordability Gap Calculation Gap / Unit Inclusionary Units Gap Two - bedroom Units $0 - $0 Three - bedroom Units $142,000 2 $284,000 Four - bedroom Units $215,000 4 $860,000 Total Affordability Gap 1 $1,144,000 Total In -Lieu Fee 4 $1,144,000 Per Total Unit $30,100 Per Income Restricted Unit $190,700 Per Square Foot of Total Building Area $14.14 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 the defined affordable sales prices for moderate income households. 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 -3 75B-1 7