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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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Last modified
11/13/2014 6:36:09 PM
Creation date
11/13/2014 3:30:47 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19H
Date
11/18/2014
Destruction Year
2019
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3. Existing rental units can be acquired, substantially rehabilitated and then <br />income and affordability covenants can be placed on the units. In order to <br />exercise the acquisition and substantial rehabilitation option, the existing <br />units must exhibit substantial building and other code violations, the units <br />must have been vacant for at least 90 days, and the rehabilitation costs <br />must be equal to at least 25% of the market value of the unit after the <br />rehabilitation is completed; or <br />4. An In -Lieu Fee can be paid by right for projects with between five and 20 <br />units, and for fractional unit obligations. In addition, projects with more <br />than 20 units can fulfill the obligation by paying an In -Lieu Fee if the City <br />Council determines that the cost of providing the Inclusionary Units on site <br />would substantially exceed the applicable In -Lieu Fee. <br />Other key requirements are as follows: <br />1. The Inclusionary Units must be: <br />a. Reasonably dispersed throughout the market rate project; <br />b. Proportional in the number of bedrooms to the market rate units in <br />the project; <br />C. Comparable to the market rate units in terms of design, materials, <br />finished quality and appearance; and <br />d. Permitted the same access to project amenities and recreation <br />facilities as the market rate units. <br />The Inclusionary Units must be constructed at the same time or before the <br />construction of the market rate units. <br />The Property Owner must accept recorded income and affordability <br />controls that will remain in place for 55 years from the date the Project is <br />placed in service. <br />Administrative Procedures Manual <br />The requirements that are imposed on rental housing projects are detailed in the <br />Affordable Rental Housing Administrative Procedures Manual adopted by the <br />City Council, The Administrative Procedures Manual provides Property Owners <br />with the following information: <br />Housing Opportunity Ordinance— Affordable Rental Housing Program Summary Page 2 <br />City of Santa Ana August B, 2014 <br />19H -103 <br />
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