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Inclusionary Housing Agreement — <br />Magnolia Lane <br />April 7, 2015 <br />Page 2 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 (Community Health, Livability, <br />Engagement & Sustainability), Objective #3 (Facilitate diverse housing opportunities and support <br />efforts to preserve and improve the livability of Santa Ana neighborhoods), Strategy b <br />(Ensure compliance with the City's Housing Opportunity Ordinance by requiring rental and <br />ownership housing projects that meet specified criteria provide a minimum of 15% affordable <br />units). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Kel Wen e <br />Executive Director <br />Community Development Agency <br />Exhibit: 1. Inclusionary Housing Agreement <br />KR/ss /nv /sb <br />25G -2 <br />