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AFFORDABLE HOUSING COSTS - 2014 <br />HOUSING OPPORTUNITY ORDINANCE <br />TO BE UPDATED ANNUALLY BY THE CITY <br />BASED ON ORANGE COUNTY HCD INCOME LIMITS <br />The Affordable Housing Costs will be applied to Inclusionary Units in 2014. These Affordable <br />Housing Costs must be reduced by the applicable Utilities Allowances to arrive at the Affordable <br />Rent for the Inclusionary Units: <br />Number of Bedrooms <br />Very-Low Income <br />Low Income <br />Studio Units <br />$763 <br />$916 <br />One - Bedroom Units <br />$872 <br />$1,046 <br />Two- Bedroom Units <br />$981 <br />$1,178 <br />Three - Bedroom Units <br />$1,090 <br />$1,308 <br />Four - Bedroom Units <br />$1,178 <br />$1,413 <br />NOTE: The figures above shall only apply to calendar year 2014. The City will update the <br />Affordable Housing Costs each year when the updated household incomes are published by the <br />State of California Housing and Community Development Department (HCD). The updated <br />Affordable Housing Costs shall then be applicable to the Inclusionary Units for that specified <br />calendar year. <br />Affordable Housing Costs - 2014 Page 1 <br />City of Santa Ana August 8, 2014 <br />