19H - INCLUSIONARY AGMT 1901 E FIRST ST

Home Browse Search

EXHIBIT 4 TO INCLUSIONARY HOUSING AGREEMENT 1901 E. FIRST STREET HOUSING PLAN PURSUANT TO FIRST AMENDMENT TO DA 2007 -01 Purpose of Housing Plan This Housing Plan is intended to implement the "Inclusionary Housing Agreement)" for 1901 E. First Street (the "Regulatory Agreement ") entered into between the City of Santa Ana (the "City") and 1901 First Street Owner, LLC, a Delaware limited liability company ( "Property Owner "). The Regulatory Agreement and this Housing Plan pertain to Property Owner's approved development located at 1901 E. First Street in the City (the "Project "). Pursuant to Section 5.9 of the First Amendment to DA 2007 -01, ten (10) residential units within the Project shall be made available for rental to low income Households (the "Inclusionary Units "). Project Description The Project is located on a 5.1 acre parcel within the Metro East Mixed Use Overlay Zone and consists of 264 residential units, a four level parking structure, a leasing office, and approximately- 2;424 - square feet of- retail- space. ThL-Prolect— wilra �incTude a club ---house and recreation deck with pool to be added over the southern half of the existing parking structure and public open space fronting Cabrillo Park Drive, Definitions The terms defined in the Regulatory Agreement shall have the same meaning when used within this Housing Plan Number of Inclusionary Units (a) Number of Units. Ten (10) of the units to be developed on the Property shall be Inclusionary Units rented to Eligible Tenants at the Affordable Rent throughout the Affordability Period, (b) Bedroom Count. Five of the Inclusionary Units shall be one- bedroom units and five of the Inclusionary Units shall be two - bedroom units. Maximum Number of Occupants (a) The maximum number of occupants in the one- bedroom Inclusionary Units shall be three (3) and in the two- bedroom units shall be five (5). 19H -36