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Tentative Tract No. 2015 -02 & <br />Incluslonary Housing Agreement <br />August 4, 2015 <br />Page 2 <br />In addition to the action taken by the Planning Commission, the applicant Is proposing to satisfy <br />the Housing Opportunity Ordinance (H00) by providing inclusionary units on -site. In the case of <br />this project, the applicant must provide 12 for -sale units (15 percent of 79 total units) meeting the <br />affordability guidelines for Moderate Income. The applicant is required to submit both an <br />Incluslonary Housing Plan and Incluslonary Housing Agreement to be approved by the <br />Community Development Agency and the City Council (Exhibits B & C). The Incluslonary <br />Housing Agreement will also be recorded against the property. <br />Approval of the Incluslonary Housing Plan will allow for the construction of a new 79 -unit <br />townhome project on a 3.9 -acre site located In the Harbor Mixed Use Transit Corridor Specific <br />Plan area (SP -2). <br />* M1111 .0 <br />Approval of this Item supports the Citys efforts to meet Goal No, 3 Economic Development, <br />Objectives No. 2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies) and No. 5 (leverage <br />private investment that results In tax base expansion and job creation citywide) of the Santa Ana <br />Strategic Plan. Moreover, approval of this Item supports Goal No. 5 Community Health, <br />Livability, Engagement & Sustalnability, Objectives No. 3 (facilitate diverse housing opportunities <br />and support efforts to preserve and improve the livability of Santa Ana neighborhoods) and No. 4 <br />(support neighborhood vitality and livability). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />; assen Haghary', AICP <br />Executive Direc }or <br />Planning & Building Agency <br />AN; rb <br />sMwp51101&nC*M\TTM1 E -02 1010ftWtc <br />Exhibit A. Planning Commission Staff Report <br />B. Incluslonary Housing Plan <br />C. Incluslonary Housing Agreement <br />Kelly MerVers <br />Executive Director <br />Community Development Agency <br />32A -2 <br />