050205 PH Five Hear Implementation Plan

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b. At least 40% of the required low and moderate income units must be affordable to persons and families of very-low income. C. These requirements apply to both housing developed by private parties and to housing developed with Agency assistance by parties other than the Agency. d. These requirements are applied on a cumulative basis over time, rather than on a project -by- project basis. 3. It should be noted that the Central Project Area was adopted prior to 1976. Since Section 33413(b) only imposes inclusionary housing production requirements on redevelopment project areas adopted after January 1, 1976, units developed in the Central Project Area portion of the Merged Project Area are not subject to inclusionary housing production obligations. The following sections of the Implementation Plan rev! ast an anticipated housing development activity in the Merged Project Area to ant t roj t Area's inclusionary housing production obligations. These sections Iso id ify the nn r in which the Agency plans to fulfill the defined inclusionary hou ' pro ucti ` ation dur g the Implementation Plan period and throughout the remainin life the erged P ject A a. Past Development of Housi in th Me ed,7 t ea The residential devel ent at a un erta en by ' ate velopers and projects that received Agency sistance ! in the Mer d roj ct Ar a since 1976 are detailed in Table H- 3. The units cur; r tly r co s ucti ithin a erged Project Area are presented in Table H -4. The resulting clu 'on h ng o obligations are quantified in Table H -5. The historical develop en acti ity nd ro uctr n obligations are summarized as follows: 1976,-200 According to the Agency records, 621 residential units were constructed and /or substantially rehabilitated within the Merged Project Area, excluding the Central Project Area, between the Project Areas' inception and June 30, 1995. This development triggered an incluslonary housing obligation for 94 units, which were required to be produced by June 30, 2005. Of this total, at least 38 units were required to be provided to very-low income households. Between July 1, 1995 and June 30, 2005, an additional 368 units were constructed within the Merged Project Area, excluding the Central Project Area. These units created an inclusionary h rbduction requirement for 56 units of which at least 27 units must be set -aside for 0. .& p very-low income households. These units must be provided by June 30, 2015. For the Merged Santa Ana Redevelopment 0504021.SA. KHH.J LR.gbd 19090.004.00114/22/2006 Area Page 31 1, 2005 to June 30, 2010