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IN-UEU FEE CALCULATION <br />OWNERSHIP PROJECTS -15%MODERATE INCOME INCLUSIONARY REQUIREMENT <br />HOUSING OPPORTUNTY ORDINANCE <br />SANTA ANA, CALIFORNIA <br />I. Project Description <br />A. Project Name <br />B. Project Address <br />II. D.-Sit. lncluslonary ReauiremeM <br />A. Required Number of lncluslonary Units <br />Total Project Units <br />lncluslonary Requirement as %of Total Units <br />Total Inclusionary Requ imment(Round-up) <br />B. lncluslonary Unit Distribution <br />Two -bedroom Units <br />Three -bedroom Units <br />Four-bedmom Units <br />Totals <br />Total Building Area (Square Fast) <br />III. Affordabilitu Gap Unit Calndation <br />Two -bedroom Units <br />Three -bedroom Units <br />Four -bedroom Units <br />1206-1310 N Harbor <br />1205-2310 N Harbor Blvd <br />110 <br />15% <br />17 <br />Required P of <br />Total Project lncluslonary <br />Units %of Total Units' Units' <br />- 0.00% 0 <br />49 44.55% 8 <br />61 55.45% 9 <br />110 100.00% 17 <br />205,952 <br />Restricted Price - <br />Moderate Affordability Gap/ <br />Market Prices Incomes Unit <br />$0 $0 $0 <br />$455,000 $354,000 $91.000 <br />$415,000 $332,000 $83,000 <br />Affordability Inclusionary, Total Affordability <br />IV. Affordability Gap Calculation Gap/Unit Units Gap <br />Two -bedroom Units $0 - $0 <br />Three-hedroom Units $91,000 8 $728.000 <br />Four -bedroom Units $83,000 9 $747.000 <br />Total Affordability Gap $1,4]5,000 <br />rota) In-Ueu Fee' $1,475,000 <br />Per Total Unit $13,400 <br />Per Income Restricted Unit $86,800 <br />Per Square Foot of Total Building Area $7.16 <br />This column must add up to 10VA. <br />Multiply the %ar Total Units times the Total lncluslonary Requirement. <br />a Equaltothe lesser ofthe defined Affordable Sales Price or 20%less than the projected Market Price. <br />' The Total In -Lieu Fee is equal to the Total Affordability Gap. <br />Prepared by. CByof Santa Ana <br />9/25/2D14 <br />Inclusionary, Housing Agreement <br />City of Santa Ana February 17, 2015 <br />1603\14\1654522.2 <br />