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Zoning Ordinance Amendment 2015 -03 <br />August 4, 2015 <br />Page 3 <br />• An applicant must select only one housing affordability income level to <br />merit a density bonus. A combination of affordable housing income <br />levels is not permitted to be combined to increase the amount of <br />density bonus, <br />For each 1 percent increase above 15 percent In the percentage of <br />units affordable to low income households, the density bonus shall be <br />increased by 1,5 percent up to a maximum of 35 percent, <br />• For each 1 percent Increase above 10 percent in the percentage of <br />units affordable to very low income households, the density bonus shall <br />be Increased by 2.5 percent up to a maximum of 35 percent, <br />• Only projects targeted for condos and other ownership units may <br />provide moderate income housing to meet their affordable inclusionary <br />housing requirement. For each 1 percent above 15 percent of the <br />percentage of units affordable to moderate income households, the <br />density bonus shall be increased by 1 percent up to a maximum of 35 <br />percent. <br />• Calculate in -lieu fee at $5 per square foot of required incluslonary affordable housing. For <br />the purposes of this ordinance, the square footage of the development is calculated as the <br />sum total of the number of square feet within the habitable units, measured from the exterior <br />wall to exterior wall of the habitable units. This calculation does not Include hallways, <br />common areas, landscaping, open space, stairways, etc. <br />• Allow pipeline projects for which applicants have submitted affordable housing plans to pay <br />the inclusionary housing In -lieu fee, but for which the housing plans have not been finalized, <br />to pay the affordable housing in -lieu fee adopted with this ordinance. <br />• Evaluate the components of this ordinance and provide options for Council consideration In <br />three years. <br />STi2ATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal No, 5 Community <br />Engagement and Sustainability, Objective No. 3 (facilitate diverse housing <br />support efforts to preserve and improve livability in Santa Ana neighborhoods). <br />FISCAL iMP�4 <br />There is no fiscal impact associated with this action. <br />.Hassan Haihani, AICP <br />Executive Rlrector <br />Planning & Building Agency <br />HHc rb WRaPOOMHOO Amendmanta Rapan to CO Aug 4 415 <br />Exhibit; A, Planning Commission Staff Re ort <br />7B -3 <br />Health, Livability, <br />opportunities and <br />