Laserfiche WebLink
TABLE 2 <br />IN -LIEU FEE CALCULATION - DEVELOPER INPUTS <br />OWNERSHIP PROJECTS - 15% MODERATE INCOME INCLUSIONARY REQUIREMENT <br />HOUSING OPPORTUNTY ORDINANCE <br />SANTA ANA, CALIFORNIA <br />I. Prpiect Description <br />A. Project Name <br />B. Project Address <br />it. on -Site Inclusionary Requirement <br />A. Required Number of Inclusionary Units <br />Total Project Units <br />Indusionary Requirement as %of Total Units <br />Total Inclusionary Requirement (Round -up) <br />B. Inclusionary Unit Distribution <br />Two - bedroom Units <br />Three - bedroom Units <br />Four- bedroom Units <br />Totals <br />Total Building Area (Square Feet) <br />III. Affordability Gap,[-- Unit Calculation <br />Two - bedraom Units <br />Three - bedroom Units <br />Four - bedroom Units <br />Olson First & Pacific Townhomes <br />& 1548 West First Street <br />Restricted Price- Affordability Gap( <br />Market Prices Moderate Income a Unit <br />$350,000 $280,000 $70,000 <br />$382,000 $305,600 $76,400 <br />$0 $0 <br />Affordability Total Affordability <br />IV. Affordability Gan Calculation Gap J Unit incluslonary Units Gap <br />Two - bedroom Units $70,000 1 $70,000 <br />Three- bedroom Units $76,400 9 $687,600 <br />Four - bedroom Units $0 (1) $0 <br />Total Affordability Gap $757,600 <br />rotai In -Lieu Feed $757,600 <br />Per Total Unit $12,200 <br />Per Income Restricted Unit $81,500 <br />Per Square Foot of Total Building Area $7.45 <br />' This column must add up to 100 %. <br />i Multiply the Y° of Total Units times the Total Inclusionary Requirement. <br />a Equal to the lesser of the defined Affordable Sales Price of 20% less than the projected Market Price. <br />The Total In Lieu Fee is equal to the Total Affordability Gap. <br />Preparedby: Keyser Marston Associates <br />Filename: Olson Homes - Developer Own In -lieu Fee Calculatlon.47 e Page 1 oft <br />62 <br />15% <br />9 <br />Required # of <br />Total Project <br />Inclusionary <br />Units <br />%of Total Units <br />Units <br />4 <br />6.45% <br />1 <br />58 <br />93.55% <br />9 <br />62 <br />100.00% <br />9 <br />101,650 <br />Restricted Price- Affordability Gap( <br />Market Prices Moderate Income a Unit <br />$350,000 $280,000 $70,000 <br />$382,000 $305,600 $76,400 <br />$0 $0 <br />Affordability Total Affordability <br />IV. Affordability Gan Calculation Gap J Unit incluslonary Units Gap <br />Two - bedroom Units $70,000 1 $70,000 <br />Three- bedroom Units $76,400 9 $687,600 <br />Four - bedroom Units $0 (1) $0 <br />Total Affordability Gap $757,600 <br />rotai In -Lieu Feed $757,600 <br />Per Total Unit $12,200 <br />Per Income Restricted Unit $81,500 <br />Per Square Foot of Total Building Area $7.45 <br />' This column must add up to 100 %. <br />i Multiply the Y° of Total Units times the Total Inclusionary Requirement. <br />a Equal to the lesser of the defined Affordable Sales Price of 20% less than the projected Market Price. <br />The Total In Lieu Fee is equal to the Total Affordability Gap. <br />Preparedby: Keyser Marston Associates <br />Filename: Olson Homes - Developer Own In -lieu Fee Calculatlon.47 e Page 1 oft <br />