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HomeMy WebLinkAboutItem 28 - Housing Ad Hoc Committee Progress Report Regarding The Housing Opportunity Ordinance Planning and Building Agency www.santa-ana.org/pba Item # 28 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report July 6, 2021 TOPIC: Housing Ad Hoc Committee Progress Report and Recommendations Regarding the Housing Opportunity Ordinance AGENDA TITLE: Housing Ad Hoc Committee Progress Report and Recommendations Regarding the Housing Opportunity Ordinance RECOMMENDED ACTION Receive the progress report from the Housing Ad Hoc Committee, discuss the recommendations, and provide direction to staff. BACKGROUND AND DISCUSSION At the direction of the Mayor and City Council, the Housing Ad Hoc Committee was formed on March 2, 2021. Committee members consist of Mayor Sarmiento and Councilmembers Lopez and Phan. The Committee convened its first meeting on March 22, 2021 and has since conducted three additional meetings to discuss various housing issues. The first set of recommendations from the Committee are related to the Housing Opportunity Ordinance. Ad Hoc Review of the Housing Opportunity Ordinance The HOO was originally adopted in November 2011 to implement the City’s Housing Element goal to provide affordable housing within the City. In October 2015, the HOO was amended to make the inclusionary housing requirements more predictable for housing developers and to incentivize more affordable housing production on-site in conjunction with new market rate housing development. Some examples of the ordinance changes included simplifying the complex in-lieu fee calculation and creating additional incentives to allow developers the option of providing inclusionary housing units either on or off-site. In September 2020, the HOO was amended again to decrease the in-lieu fee amount for all projects from $15 to $5 per square foot, change the trigger of the HOO, and expand the eligible uses of in-lieu fees collected by the City. Housing Ad Hoc Committee Progress Report and Recommendations July 6, 2021 Page 2 1 8 7 8 As part of their review of the HOO, the Ad Hoc Committee requested to review the in-lieu fee analysis by Keyser Marston Associates (KMA) completed in May 2020 and requested for the study to be updated with current information. The updated study is attached as Exhibit 1. Specifically, KMA has been engaged to prepare an analysis to estimate the in- lieu fee amounts that can be charged for rental residential and ownership housing developments on a financially feasible basis. The results of KMA’s analysis can be summarized as follows: Supportable In-Lieu Fee: Housing Opportunity Ordinance Update Rental Residential Development $17.10 to $17.80/Sq. Ft. of Leasable Area Ownership Housing Development $13.00/Sq. Ft. of Saleable Area Additionally, the Committee requested for available data and statistics relating to housing and housing affordability in the City. Staff engaged a third party housing consultant, MDG Associates, Inc. (MDG), for assistance with collecting and presenting the data. The information collected by MDG is attached as Exhibit 2. General findings from MDG’s data shows that: 1) relative to the total housing supply, there is a small amount of affordable housing units (subsidized housing); 2) there is a gap between increasing rents and wages; and 3) zip code 92705 is the most expensive and 92701 is the most affordable based on the current rental rates, with affordability data provided for all zip codes based on unit bedroom size. Following their review of the information, the Ad Hoc Committee discussed three options to amend the HOO. The three options involved a review of: 1) the project threshold/size of a project that would require compliance with the HOO; 2) the trigger for when a project would be required to comply with the HOO; 3) the set-aside requirements for units for sale and for rent; 4) the options to satisfy the HOO requirements; and 5) additional enhancements to achieve the purpose of the HOO. The Committee provided direction for staff to draft their recommended changes to the HOO for further discussion by the full City Council. Following this deliberative process, the Housing Ad Hoc Committee provided direction to draft amendments to the HOO as described and analyzed in Table 1: Summary of Amendments below. The draft HOO is attached as Exhibit 3 in redline format with the amendments discussed below. Housing Ad Hoc Committee Progress Report and Recommendations July 6, 2021 Page 3 1 8 7 8 Table 1: Summary of Amendments Code Section Subject Ad Hoc Recommendations Title Update Title: 2021 AFFORDABLE HOUSING OPPORTUNITY & CREATION The updated title will provide clarity and distinction from prior versions of the Ordinance. 41-1901 Definition: Deletes Entitled residential project definition The new ordinance will be likely be effective after October 1, 2021, and the provision for “Entitled Residential Projects” no longer applies. 41-1902 Applicability: Establishes new standards for projects that need to comply with the ordinance This section is amended to revert the language to the previous HOO before it was previously amended in October 2021. The HOO would apply to projects that will require a zone change or general plan amendment, including city initiated zone changes and general plan amendments since November 28, 2011. The current ordinance only applies to projects that are requesting an increase in the density permitted by the General Plan. The amendment also adds a percentage of rental units that may be built on-site for extremely low-income households to 5 percent of the total number of units in an effort to incentivize the construction of extremely low-income units. 41-1903 Exempt Projects: Clarifies which projects are not subject to the ordinance This section is amended to further clarify the exclusions to the HOO that may be agreed upon by City Council in a development agreement. 41-1904 In-Lieu Fee Option: Revises the in-lieu fee and changes the timing of payment This section is amended to increase the in-lieu fee from $5 per habitable square foot to $15 per habitable square foot. This section also removes the incentive for “Entitled Residential Projects” to obtain Housing Ad Hoc Committee Progress Report and Recommendations July 6, 2021 Page 4 1 8 7 8 Next Steps If the City Council desires to move forward with the changes recommended by the Housing Ad Hoc Committee, it is feasible to complete the final drafting of the ordinance and initiate the ordinance adoption process within 45 to 60 days upon receiving final direction. Following approval of the amendments to the HOO, the Housing Ad Hoc Committee will reconvene and continue to discuss the remaining topics below and may return in the future with recommendations for each topic: a.Rent Stabilization/Rent Control building permits during the current economic climate. The new ordinance will be likely be effective after October 1, 2021, and the provision for “Entitled Residential Projects” no longer applies. The amendments also apply to the timing of payment from issuance of the building permit to issuance of the certificate of occupancy in order to make the larger fee more reasonable to pay after the project is developed. 41-1906 Standards: Revised the term of affordability for ownership and rental units on-site This section is amended to require units for sale and rental units that are built on- site to be affordable in perpetuity as an enhancement. 41-1909 Inclusionary Housing Fund: Clarifies the use of the in-lieu fees collected This section is amended to further clarify the use of in-lieu fees paid to the City. It provides the Community Development Agency with a priority for the use of the funds for large families and allows the funds to be used for additional one- time programs addressing housing security, eviction prevention, and housing legal assistance for city residents. 41-1910 In-lieu fee calculation: Provides for periodic review at the option of the City Council This section is amended to provide for periodic review of the in-lieu fee when determined to be appropriate by the City Council. Housing Ad Hoc Committee Progress Report and Recommendations July 6, 2021 Page 5 1 8 7 8 b.Just Cause Eviction Policies Additionally, the Committee also discussed forms of land ownership such as cooperatives & land trusts as well as options for regulatory streamlining and reduction of development impact fees to promote production of housing within the City. The Committee agreed early on that these topics are adequately covered and will be evaluated as part of the upcoming General Plan and Housing Element updates. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT There is no fiscal impact associated with initial direction from City Council. However, the future City Council action to accept some of the recommendations would have an impact on program revenue. EXHIBIT(S) 1. In-Lieu Fee Analysis by Keyser Marston Associates 2. MDG Housing Data 3. Draft Changes to the HOO for Discussion Submitted By: Minh Thai, Executive Director of Planning and Building Agency Approved By: Kristine Ridge, City Manager 500 SOUTH GRAND AVENUE, SUITE 1480  LOS ANGELES, CALIFORNIA 90071  PHONE 213.622.8095 2106011.SA:KHH WWW.KEYSERMARSTON.COM 19090.017.021 ADVISORS IN: Real Estate Affordable Housing Economic Development BERKELEY A. Jerry Keyser Timothy C. Kelly Debbie M. Kern David Doezema Kevin Feeney LOS ANGELES Kathleen H. Head James A. Rabe Gregory D. Soo-Hoo Kevin E. Engstrom Julie L. Romey Tim R. Bretz SAN DIEGO Paul C. Marra MEMORANDUM To: Judson Brown, Housing Division Manager City of Santa Ana From: Kathleen Head Date: June 28, 2021 Subject: Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis At your request, Keyser Marston Associates, Inc. (KMA) updated our May 2020 financial analysis of the in-lieu fee that can be supported by residential development that is subject to the City of Santa Ana (City) Housing Opportunity Ordinance (Ordinance). The following memorandum describes the methodology and assumptions that KMA used in preparing the analysis. The results of the following analysis can be summarized as follows: Supportable In-Lieu Fee: Housing Opportunity Ordinance Update Rental Residential Development $17.10 to $17.80/Sq. Ft. of Leasable Area Ownership Housing Development $13.00/Sq. Ft. of Saleable Area BACKGROUND Existing Ordinance The Ordinance was originally adopted by the City Council on November 28, 2011. The Ordinance has been amended multiple times; the most recent modifications were adopted in September 2020. The Ordinance imposes inclusionary housing requirements on residential development that embodies any of the following characteristics: Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 2 2106011.SA:KHH 19090.017.021 1. The proposed number of units exceeds the density permitted by the City’s General Plan. 2. The proposed project could not be developed under the site’s existing zoning standards. 3. The proposed project is a conversion of rental units to ownership condominium units. Proposed Modifications to the Ordinance The City Council is currently considering options for clarifying and expanding the Ordinance. The potential Ordinance terms that were evaluated in the KMA analysis can be described as follows: 1. The requirements would be triggered by residential projects citywide with 20 or more units that embody one of the following characteristics: a. The proposed project requires a change in use to allow residential development or an increase the number of units above the density allowed by the City’s General Plan, zoning standards, or mixed-use development standards, under one of the following criteria: i. The modifications were made by the City to the General Plan, zoning standards, or mixed-use development standards at any time after November 28, 2011; or ii. Modifications that are being requested by a private party following the adoption of the modified Ordinance. b. The proposed project is a conversion of rental units to ownership condominium units. 2. The following income and affordability requirements would be applied to the incremental number of units proposed to be developed above the permitted residential density: Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 3 2106011.SA:KHH 19090.017.021 Income and Affordability Requirements Ownership Housing Development Rental Residential Development 1 Moderate Income 10% N/A Low Income N/A 15% Very Low Income N/A 10% Extremely Low Income N/A 5% 3. In general, projects that are subject to the modified Ordinance requirements would be allowed to fulfill the affordable housing requirements in one of the following ways: a. Production of the affordable housing units on site within the proposed market rate project. b. Off-site production of the affordable housing units. c. Rehabilitation of existing units. d. Payment of a fee in-lieu of producing the requisite number of affordable housing units. 4. The proposed project would be required to fulfill the affordable housing requirements within the proposed market rate project if the proposed project would cause the removal of existing units that are occupied by low and/or very low income households. 1 The Developer would only be required to select one of the identified income categories to fulfill the production requirement. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 4 2106011.SA:KHH 19090.017.021 Caveats It is important to note that the modified Ordinance should be structured to ensure that the following standard are met: 1. Inclusionary housing requirements cannot be confiscatory or deprive an owner of a fair and reasonable return. Recognizing that the courts have not defined these terms, the City has some discretion in establishing evaluation parameters. 2. California Government Code Section 65583 (a) requires assessments of the potential and actual constraints being placed on the development of housing. Within that context, it is important for affordable housing programs to be set up to balance the interests of property owners and developers against the public benefit created by the production of affordable housing units. The following KMA analysis is based on an evaluation of the affordable housing requirements that could be supported from an economic perspective. KMA translated the results of this analysis into order-of-magnitude estimates of the in-lieu fee amounts that could be charged on a financially feasible basis. ANALYSIS ORGANIZATION The KMA analysis is supported by the following Attachments, Appendices and Exhibits: Attachment 1: Rental Residential Development Summary Table Appendix A: Rent Survey Appendix B: Affordability Analyses Exhibit I: Affordable Rent Calculations Exhibit II: In-Lieu Fee Analysis Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 5 2106011.SA:KHH 19090.017.021 Attachment 2: Ownership Housing Development Summary Table Appendix A: Home Sales Survey Appendix B: Affordability Analyses Exhibit I: Affordable Sales Price Calculations Exhibit II: In-Lieu Fee Analysis RENTAL RESIDENTIAL DEVELOPMENT ANALYSIS Affordable Housing Requirements To assist in evaluating the supportable in-lieu fee for rental residential development KMA compiled information pertaining to the development scopes and rents for recently constructed projects. Based on this information KMA prepared conceptual pro forma analyses to identify the magnitude of the income and affordability requirements that could feasibly be imposed. As proposed, the updated Ordinance would allow developers to select from one of the following affordable housing obligations: 1. A 15% set aside for low income households; or 2. A 10% set aside for very low income households; or 3. A 5% set aside for extremely low income households. The California Government Code Sections 65915 – 65918 (Section 65915) density bonus can provide a valuable tool for mitigating the impact created by the imposition of inclusionary housing requirements. The results of the KMA financial analysis indicate that if the benefits provided by the Section 65915 density bonus can be effectively used, the proposed income and affordability requirements should not create a constraint to development. The Section 65915 density bonus can only be used for projects that produce the statutorily set number of affordable housing units. It is not possible to pay a fee in lieu of producing the affordable units that generate the density bonus benefits. Therefore, Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 6 2106011.SA:KHH 19090.017.021 it is necessary to evaluate the in-lieu fee option in the context of rental residential projects that do not make use of the Section 65915 density bonus. As can be seen in the Summary Table: Rental Residential Development Analysis, the conceptual analysis prepared by KMA indicates that a 5% to 6% affordable housing requirement could be feasibly imposed on rental residential developments that do not use the Section 65915 density bonus. KMA applied these percentages in our analysis of the in-lieu fee that could be supported by rental residential development. Development Assumptions The development scopes used in the rental residential development analyses can be described as follows: 1. The development site area is set at five acres. 2. The prototype project includes the following number of units: a. The base case scenarios include 300 units. b. The Section 65915 scenario includes a 35% density bonus, which results in a total of 405 units. 3. The prototype project includes the following unit mix: Unit Mix: Prototype Project Number of Bedrooms Average Unit Size (Sq. Ft.) Percentage of Units Studio 750 25% 1 900 35% 2 1,140 35% 3 1,445 5% Weighted Average / Total 974 100% Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 7 2106011.SA:KHH 19090.017.021 4. The parking provided for the prototype project complies with the City’s parking code.2 Rent Estimates MARKET RATE UNITS In June 2021, KMA surveyed rental residential projects in Santa Ana and Anaheim that have been built within the past five years and that received four or more stars in the CoStar quality ranking system. The survey is presented in Attachment 1 – Appendix A. The purpose of this survey was to assist in estimating the currently achievable market rents for the types of projects likely to be constructed in Santa Ana. However, the characteristics of actual projects will vary to some degree from the prototypes. The market rate monthly rent estimates that are used in this pro forma analysis are: Projected Monthly Market Rate Rents – Rental Residential Development Average Monthly Rent Per Unit Studio Units $2,420 One-Bedroom Units $2,600 Two-Bedroom Units $2,830 Three-Bedroom Units $3,750 Weighted Average Rent Per Square Foot of Leasable Area $2.86 AFFORDABLE RENT CALCULATIONS The Ordinance calls for “Affordable Rents” to be calculated using the methodology imposed by California Health and Safety Code (H&SC) Section 50053. The calculations are presented in Attachment 1 – Appendix B – Exhibit I, and the assumptions and results can be summarized as follows: 2 The density bonus scenario used to test the on-site production requirement is based on the Section 65915 (p) provision that allows no guest parking requirement to be applied. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 8 2106011.SA:KHH 19090.017.021 1. The household income information used in the calculations is based on 2021 income statistics for Orange County as a whole. The household incomes are published annually by the United States Department of Housing and Urban Development (HUD) and are distributed by the California Department of Housing and Community Development (HCD). 2. The household size appropriate for the unit is based on the H&SC Section 50052.5 standard, which is set at the number of bedrooms in the home plus one. This is not meant to be an occupancy cap; it is simply a benchmark used to create a consistent methodology for calculating the Affordable Rents. 3. The household incomes used in the Affordable Rent calculations are:3 a. Very low income at 50% of area median income (AMI); and b. Low income at 60% of AMI. 4. Thirty percent (30%) of defined household income is allocated to housing expenses. 5. KMA’s calculations are based on the assumption that the tenants will be required to pay for gas heating, cooking and water heating; and basic electric services. The December 1, 2020 Orange County Housing Authority utilities allowances were applied in this analysis. The resulting Affordable Rents are presented in the following table: 3 The percentages of the AMI used in the Affordable Rent calculations are benchmarks established by H&SC 50053. The incomes limit used to qualify households to occupy very low income units is defined in H&SC 50105, and the low income limit is defined in H&SC 50079.5. These limits are meant to reflect 80% and 50% of AMI, respectively. However, HUD adjusts the income levels for Orange County to account for conditions that warrant special consideration. The current income qualification limits exceed 80% and 50% of AMI, respectively. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 9 2106011.SA:KHH 19090.017.021 Affordable Rent Calculations – Rental Residential Development Very Low Income Low Income Studio Units Maximum Monthly Housing Cost $934 $1,121 (Less) Monthly Utility Allowance (58) (58) Affordable Rent $876 $1,063 One-Bedroom Units Maximum Monthly Housing Cost $1,067 $1,280 (Less) Monthly Utility Allowance (67) (67) Affordable Rent $1,000 $1,213 Two-Bedroom Units Maximum Monthly Housing Cost $1,201 $1,441 (Less) Monthly Utility Allowance (90) (90) Affordable Rent $1,111 $1,351 Three-Bedroom Units Maximum Monthly Housing Cost $1,344 $1,601 (Less) Monthly Utility Allowance (114) (114) Affordable Rent $1,220 $1,487 Supportable In-Lieu Fees KMA estimated the supportable in-lieu fee amounts for rental residential projects based on the “Affordability Gaps” associated with the on-site development of affordable housing units within market rate rental residential projects. The Affordability Gaps for rental residential developments are estimated in Attachment 1 - Appendix B – Exhibit II using the following methodology: Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 10 2106011.SA:KHH 19090.017.021 1. The differences between the estimated achievable market rate monthly rents and the defined Affordable Rents are calculated for studio, one-bedroom, two- bedroom and three-bedroom units. 2. KMA assumed that the property taxes for projects that include designated affordable housing units would be based on a lower assessed value due to the reduction in net operating income that would be generated by the project. KMA deducted this lower property tax expense from the estimated rent difference. 3. The estimated annual Affordability Gap is equal to the net rent difference minus the property tax savings. 4. The net Affordability Gaps are estimated by capitalizing the annual Affordability Gaps at the threshold returns derived from the pro forma analysis of a market rate development. 5. The net Affordability Gaps are translated into the supportable in-lieu fees per affordable unit and per square foot of leasable area. The results of the in-lieu fee analysis are summarized in the following table: Supportable In-Lieu Fees – Rental Residential Development In-Lieu Fee Very Low Income Alternative Low Income Alternative Per Affordable Unit $333,000 $289,000 Per Total Unit in the Project $16,700 $17,300 Per Sq. Ft. of Leasable Area $17.10 $17.80 OWNERSHIP HOUSING DEVELOPMENT ANALYSIS Affordable Housing Requirements The current affordable housing requirement for ownership housing development requires 10% of the units in a project that is subject to the modified Ordinance to be sold to moderate income households. As can be seen in the Summary Table: Ownership Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 11 2106011.SA:KHH 19090.017.021 Housing Development Analysis, the conceptual analysis prepared by KMA indicates this requirement could be supported under current conditions. As such, KMA applied this percentage in our analysis of the in-lieu fee that could be supported by ownership housing development. To assist in evaluating the financial characteristics of ownership housing development, KMA compiled information pertaining to the development scopes and sales prices for recently constructed projects. Based on this information KMA prepared conceptual pro forma analyses to identify the magnitude of the income and affordability requirements that could feasibly be imposed. Development Assumptions For the following reasons the prototype ownership housing development created by KMA for the pro forma analysis is a condominium project: 1. For single family homes, the average gap between the market rate price and the “Affordable Sales Price” is in the range of $600,000 for moderate income households. 2. Given the disparate characteristics of the new housing inventory in Santa Ana, and that the same in-lieu fee schedule will be applied to all ownership housing development, it is KMA’s opinion that it is more equitable to base the in-lieu fee on the Affordability Gap associated with condominium development. As can be seen in the Summary Table: Ownership Housing Development Analysis, the development scope applied in the prototype analysis consists of the following: 1. The development site is set at one acre of land area. 2. The prototype project includes 35 units. 3. The units in the project included a weighted average unit size of 1,720 square feet of saleable area. 4. The parking provided complies with the City’s parking code requirements. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 12 2106011.SA:KHH 19090.017.021 Sales Price Estimates MARKET RATE UNITS In June 2021, KMA surveyed ownership housing projects in the Santa Ana vicinity that have been built within the past five years (Attachment 2 – Appendix A). It is important to note that the prototype analysis is intended to reflect average or typical ownership housing projects rather than any specific project. It should be expected that specific projects will vary to some degree from the prototype. The average sales prices used in the pro forma analysis are set at the following amounts: Projected Market Rate Sales Prices – Ownership Housing Development Three-Bedroom Units $690,000 Four-Bedroom Units $775,000 Weighted Average Price Per Square Foot of Saleable Area $417 AFFORDABLE SALES PRICE CALCULATIONS The Ordinance calls for Affordable Sales Prices to be set using the H&SC Section 50052.5 calculation methodology. The calculations are presented in Attachment 2 – Appendix B – Exhibit I, and the assumptions and results can be summarized as follows: 1. The household income information used in the calculations is based on 2021 income statistics distributed by HCD. 2. The household size appropriate for the unit is based on the H&SC Section 50052.5 standard of the number of bedrooms in the home plus one. As was the case in the Affordable Rent calculations, this is a benchmark, not an occupancy cap. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 13 2106011.SA:KHH 19090.017.021 3. The household incomes used in the Affordable Sales Price calculations are set at 110% of AMI.4 4. Thirty-five percent (35%) of the benchmark household incomes are allotted to housing expenses. 5. Housing expenses are comprised of the following: a. Household utilities costs, which are based on allowances that were published by the Orange County Housing Authority on December 1, 2020; b. Homeowners association dues and homeowners insurance premiums; c. Maintenance costs; d. Property taxes; and e. Mortgage debt service. The supportable mortgage amount is estimated based on the following: 1. The amount of income available for mortgage debt service after the payment of all the other housing expenses; 2. The application of typical lender underwriting standards; and 3. The current market interest rate plus an upward adjustment to reflect the potential for interest rates to increase between the commencement of construction and the ultimate sale of the affordable unit. The Affordable Sales Price is equal to the supportable mortgage plus a benchmark down payment. The benchmark down payment is only used for the purpose setting the Affordable Sales Price.5 4 The percentages of the AMI used in the Affordable Rent calculations are benchmarks established by H&SC 50052.5. The incomes limit used to qualify households to occupy moderate income units is defined in H&SC 50093. 5 The actual down payment amount can vary widely, but it does not impact the Affordable Sales Price. Instead, the actual down payment contributed by a home buyer is subtracted from the defined Affordable Sales Price to establish the allowable first trust deed mortgage amount. Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 14 2106011.SA:KHH 19090.017.021 Estimating the achievable Affordable Sales Prices for moderate income households is complicated by the fact that KMA believes that the Affordable Sales Prices are too close to the projected market rate sales prices to be marketable when irrevocable resale controls are imposed: 1. It is reasonable to assume that a home buyer will not purchase a home that is subject to long-term covenants unless there they receive a substantial discount from the unrestricted market rate sales price. 2. In KMA’s experience the required discount falls within the range of 30%. 3. When a 30% discount is applied to the projected market rate sales prices, the achievable prices for moderate income units are estimated as follows: a. The achievable price for three-bedroom units is estimated at $483,000. b. The achievable price for four-bedroom units is estimated at $542,500. The resulting Affordability Gaps are estimated as follows: Estimated Affordability Gaps – Ownership Housing Development Sales Prices Three-Bedroom Units Four-Bedroom Units Market Rate Sales Price $690,000 $775,000 Affordable Sales Price $483,000 $542,500 Affordability Gap Per Unit $207,000 $232,500 Supportable In-Lieu Fees As shown in Attachment 2 – Appendix B – Exhibit II, KMA estimates the supportable in- lieu fees at the following amounts: Judson Brown, City of Santa Ana June 28, 2021 Housing Opportunity Ordinance: Updated In-Lieu Fee Analysis Page 15 2106011.SA:KHH 19090.017.021 Supportable In-Lieu Fees Ownership Housing Development In-Lieu Fee 10% Moderate Income Units Per Affordable Unit $215,000 Per Total Unit in the Project $21,500 Per Sq. Ft. of Saleable Area $13.00 SUMMARY It is important to set the in-lieu fee amounts at defensible amounts for the following reasons: 1. The courts have ruled that inclusionary housing requirements cannot be confiscatory or deprive an owner of a fair and reasonable return; 2. California Government Code Section 65583 (a) prohibits jurisdictions from imposing requirements that constrain the development of housing; and 3. To maximize the production of housing, affordable housing programs should be set up to balance the interests of property owners and developers against the public benefit created by the production of affordable housing units. Based on the results of the KMA financial analysis, the supportable in-lieu fees are estimated as follows: Supportable In-Lieu Fee: Housing Opportunity Ordinance Update Rental Residential Development $17.10 to $17.80/Sq. Ft. of Leasable Area Ownership Housing Development $13.00/Sq. Ft. of Saleable Area ATTACHMENT 1 RENTAL RESIDENTIAL DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Rent; ATT 1 TITLE Page 1 of 8 SUMMARY TABLE RENTAL RESIDENTIAL DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA MARKET RATE ALTERNATIVE VERY LOW INCOME ALTERNATIVE LOW INCOME ALTERNATIVE VERY LOW INCOME DENSITY BONUS ALTERNATIVE I.Project Description A.Site Area (Sf)217,800 217,800 217,800 217,800 B.Total Units 300 300 300 450 C.Density (Units/Acre)60 60 60 90 D.Unit Mix - % Studio Units 75 75 75 113 One-Bedroom Units 105 105 105 158 Two-Bedroom Units 105 105 105 158 Three-Bedroom Units 15 15 15 23 Total Units 300 300 300 452 E.Gross Building Area (Sf)343,676 343,676 343,676 343,676 F.Number of Parking Spaces Provided 510 510 510 633 Parking Spaces Per Unit 1.70 1.70 1.70 1.41 II.Development Costs A.Property Acquisition Costs $13,068,000 $13,068,000 $13,068,000 $13,068,000 Per Square Foot of Land Area $60 $60 $60 $60 B.Direct Costs $94,230,000 $94,230,000 $94,230,000 $134,873,000 Per Square Foot of GBA $274 $274 $274 $392 C.Indirect + Financing Costs $30,965,000 $31,131,000 $31,131,000 $44,780,000 As a % of Direct Costs 33%33%33%33% Total Development Cost $138,263,000 $138,429,000 $138,429,000 $192,721,000 Per Square Foot of GBA $402 $403 $403 $561 III.Stabilized Net Operating Income $6,413,000 $6,179,000 $6,170,000 $8,969,300 IV.Return on Total Investment 4.6%4.5%4.5%4.7% V.Supportable Inclusionary Housing Requirement 1 5%6%10% VI.In-Lieu Fee Per Per Square Foot of Leasable Area $17.10 $17.80 NA 1 Based on the total number of units in the project. Prepared by: Keyser Marston Associates File name: 6 24 21 SA HOO Rent; Rent Sum Page 2 of 8 APPENDIX A RENT SURVEY HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA RENTAL RESIDENTIAL DEVELOPMENT Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Rent; App A Titles Page 3 of 8 APPENDIX A RENT SURVEY 4 STAR PROPERTIES CONSTRUCTED AFTER 2010 HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Name Address # of Units Unit Size (SF)Total Per SF Year Built 888 on Main 888 N Main St Santa Ana 103 503 $1,807 $3.59 2021 The Charlie 3630 Westminster Ave Santa Ana 23 540 $2,013 $3.73 2019 Artist Village Apartments 300-301 W 2nd St Santa Ana 14 555 $2,666 $4.80 2015 Vivere Flats 1725 S Auburn Way Anaheim 58 557 $1,961 $3.52 2017 Jefferson Edge at Platinum Park 1921 Union St Anaheim 28 579 $1,778 $3.07 2019 Jefferson Rise at Platinum Park 1910 S Union St Anaheim 61 600 $2,044 $3.41 2019 Core 1815 S Westside Dr Anaheim 25 604 $2,133 $3.53 2018 The George 2211 E Orangewood Ave Anaheim 30 608 $2,360 $3.88 2017 Gateway II 2100 E Orangewood Ave Anaheim 25 618 $1,874 $3.03 2016 Broadstone Archive 1901 E. Dyer Road Santa Ana 100 780 $2,513 $3.22 2020 Broadstone Arden 1951 E Dyer Road Santa Ana 976 816 $2,548 $3.12 2020 Vivere Lofts 1331 Katella Ave Anaheim 30 1,080 $2,650 $2.45 2012 Minimum 503 $1,778 $2.45 Maximum 1,080 $2,666 $4.80 Weighted Average 755 $2,408 $3.22 Artist Village Apartments 300-301 W 2nd St Santa Ana 77 653 $1,833 $2.81 Jefferson Edge at Platinum Park 1921 Union St Anaheim 161 713 $1,972 $2.77 The Marke 100 E MacArthur Blvd Santa Ana 158 749 $2,381 $3.18 2014 888 on Main 888 N Main St Santa Ana 45 751 $1,963 $2.61 The Charlie 3630 Westminster Ave Santa Ana 90 759 $2,244 $2.96 Prisma 301 Jeanette Ln Santa Ana 111 762 $2,227 $2.92 2018 Core 1815 S Westside Dr Anaheim 218 766 $2,255 $2.94 Vivere Flats 1725 S Auburn Way Anaheim 102 770 $2,274 $2.95 Nineteen01 1901 E 1st St Santa Ana 117 776 $1,937 $2.50 2016 The George 2211 E Orangewood Ave Anaheim 184 776 $2,724 $3.51 Market Lofts DTSA 401 N Bush St Santa Ana 24 800 $2,595 $3.24 2021 Jefferson Rise at Platinum Park 1910 S Union St Anaheim 174 835 $2,364 $2.83 Broadstone Archive 1901 E. Dyer Road Santa Ana 103 879 $2,772 $3.15 Gateway II 2100 E Orangewood Ave Anaheim 220 892 $2,241 $2.51 Broadstone Arden 1951 E Dyer Road Santa Ana 141 915 $2,738 $2.99 Vivere Lofts 1331 Katella Ave Anaheim 30 919 $2,273 $2.47 Stadium House 2100 E Katella Ave Anaheim 80 997 $2,295 $2.30 2020 Minimum 653 $1,833 $2.30 Maximum 997 $2,772 $3.51 Weighted Average 804 $2,316 $2.89 Average Effective Rent Studio Units One-Bedroom Units Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Rent Page 4 of 8 APPENDIX A RENT SURVEY 4 STAR PROPERTIES CONSTRUCTED AFTER 2010 HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Name Address # of Units Unit Size (SF)Total Per SF Year Built Average Effective Rent Artist Village Apartments 300-301 W 2nd St Santa Ana 106 994 $2,445 $2.46 Prisma 301 Jeanette Ln Santa Ana 71 1,017 $2,684 $2.64 The Charlie 3630 Westminster Ave Santa Ana 96 1,031 $2,588 $2.51 Vivere Flats 1725 S Auburn Way Anaheim 84 1,046 $2,989 $2.86 Jefferson Rise at Platinum Park 1910 S Union St Anaheim 136 1,078 $2,765 $2.56 Jefferson Edge at Platinum Park 1921 Union St Anaheim 156 1,120 $2,588 $2.31 The Marke 100 E MacArthur Blvd Santa Ana 128 1,132 $3,012 $2.66 Nineteen01 1901 E 1st St Santa Ana 118 1,135 $2,533 $2.23 Broadstone Archive 1901 E. Dyer Road Santa Ana 183 1,146 $3,229 $2.82 Core 1815 S Westside Dr Anaheim 157 1,154 $2,843 $2.46 The George 2211 E Orangewood Ave Anaheim 116 1,165 $3,323 $2.85 Broadstone Arden 1951 E Dyer Road Santa Ana 97 1,170 $3,136 $2.68 Gateway II 2100 E Orangewood Ave Anaheim 150 1,215 $2,780 $2.29 Vivere Lofts 1331 Katella Ave Anaheim 32 1,315 $2,888 $2.20 Stadium House 2100 E Katella Ave Anaheim 162 1,316 $2,428 $1.84 Minimum 994 $2,428 $1.84 Maximum 1,316 $3,323 $2.86 Weighted Average 1,139 $2,814 $2.48 The Charlie 3630 Westminster Ave Santa Ana 19 1,238 $3,519 $2.84 Jefferson Rise at Platinum Park 1910 S Union St 5 1,350 $3,604 $2.67 Jefferson Edge at Platinum Park 1921 Union St 26 1,356 $3,288 $2.42 The Marke 100 E MacArthur Blvd Santa Ana 14 1,374 $3,784 $2.75 The George 2211 E Orangewood Ave 10 1,445 $4,430 $3.07 Broadstone Archive 1901 E. Dyer Road Santa Ana 17 1,527 $4,243 $2.78 Nineteen01 1901 E 1st St Santa Ana 29 1,598 $3,545 $2.22 Broadstone Arden 1951 E Dyer Road Santa Ana 7 1,669 $4,485 $2.69 Minimum 1,238 $3,288 $2.22 Maximum 1,669 $4,485 $3.07 Weighted Average 1,443 $3,732 $2.60 Source: CoStar; June 2021. Two-Bedroom Units Three-Bedroom Units Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Rent Page 5 of 8 APPENDIX B RENTAL RESIDENTIAL DEVELOPMENT AFFORDABILITY ANALYSES HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Rent; App B Titles Page 6 of 8 APPENDIX B - EXHIBIT I AFFORDABLE RENT CALCULATIONS 2021 INCOME STANDARDS RENTAL RESIDENTIAL DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Studio Units One-Bedroom Units Two-Bedroom Units Three- Bedroom Units I.General Assumptions Area Median Income (AMI)1 $74,700 $85,350 $96,050 $106,700 Monthly Utilities Allowance 2 $58 $67 $90 $114 II.Affordable Rent Calculations 3 A.Very Low Income - Rent Based on 50% AMI Benchmark Annual Household Income $37,350 $42,675 $48,025 $53,350 Percentage of Income Allotted to Housing Expenses 30%30%30%30% Monthly Income Available for Housing Expenses $934 $1,067 $1,201 $1,334 (Less) Monthly Utilities Allowance (58)(67)(90)(114) Maximum Allowable Rent $876 $1,000 $1,111 $1,220 B.Low Income - Rent Based on 60% AMI Benchmark Annual Household Income $44,820 $51,210 $57,630 $64,020 Percentage of Income Allotted to Housing Expenses 30%30%30%30% Monthly Income Available for Housing Expenses $1,121 $1,280 $1,441 $1,601 (Less) Monthly Utilities Allowance (58)(67)(90)(114) Maximum Allowable Rent $1,063 $1,213 $1,351 $1,487 1 2 3 Based on the California Health & Safety Code Section 50053 calculation methodology. Based on the 2021 Orange County household incomes published by the California Housing & Community Development Department (HCD). The benchmark household size is set at the number of bedrooms in the unit plus one. Based on the Orange County Housing Authority utility allowance schedule effective as of 12/1/20. Assumes: Gas Heating, Gas Cooking, and Gas Water Heater; and Basic Electric. Prepared by: Keyser Marston Associates File name: 6 24 21 SA HOO Rent; Aff Rent Page 7 of 8 APPENDIX B - EXHIBIT II IN-LIEU FEE ANALYSIS RENTAL RESIDENTIAL DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Very Low Income Low Income I.Rent Difference 1 A.Studio Units Market Rate Units $2,420 $2,420 Affordable Units 876 1,063 Difference $1,544 $1,358 B.One-Bedroom Units Market Rate Units $2,600 $2,600 Affordable Units 1,000 1,213 Difference $1,600 $1,387 C.Two-Bedroom Units Market Rate Units $2,830 $2,830 Affordable Units 1,111 1,351 Difference $1,719 $1,479 D.Three-Bedroom Units Market Rate Units $3,750 $3,750 Affordable Units 1,220 1,487 Difference $2,530 $2,264 II.Distribution of Total Units 2 Studio Units 25%25% One-Bedroom Units 35%35% Two-Bedroom Units 35%35% Three-Bedroom Units 5%5% III.Annual Affordability Gap Per Inclusionary Unit $20,093 $17,468 Less: Property Tax Difference 3 (4,660)(4,050) Annual Affordability Gap Per Inclusionary Unit $15,433 $13,418 IV.Net Affordability Gap Per Inclusionary Unit 4 $333,000 $289,000 V.In-Lieu Fee Per Total Unit in the Project 5 $16,700 $17,300 Per Square Foot of Leasable Area 6 $17.10 $17.80 1 2 Based on the unit mix distribution applied in the pro forma analysis. 3 Based on the rent differential capitalized at a 5.0% rate to establish the value, and a 1.16% property tax rate. 4 Based on the Annual Affordability Gap Per Inclusionary Unit capitalized at the Threshold Return on Total Investment. 5 Based on the Affordability Gap Per Inclusionary Unit multiplied times the Inclusionary Housing Percentage. 6 Based on the Affordability Gap Per Inclusionary Unit divided by the average leasable area per unit. The market rents are drawn from the pro forma analyses (See APPENDIX A - EXHIBIT I). The Affordable Rents are based on the H&SC Section 50053 calculation methodology. (See APPENDIX B - EXHIBIT I). Prepared by: Keyser Marston Associates File name: 6 24 21 SA HOO Rent; Fee Page 8 of 8 ATTACHMENT 2 OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Prepared by: Keyser Marston Associates, Inc. File Name: 6 24 21 SA HOO Own; ATT 2 Title Page 1 of 8 SUMMARY TABLE OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA MARKET RATE ALTERNATIVE MODERATE INCOME I.Project Description A.Site Area (Sf)43,560 43,560 B.Total Units 36 36 C.Density (Units/Acre)36 36 D.Total Units: (Five-Bedroom Units)0 0 E.Gross Building Area (Sf)68,707 68,707 F.Number of Parking Spaces Provided 128 128 II.Development Costs A.Property Acquisition Costs $2,614,000 $2,614,000 Per Square Foot of Land Area $60 $60 B.Direct Costs $14,423,000 $14,423,000 Per Square Foot of GBA $210 $210 C.Indirect + Financing Costs $5,417,000 $5,343,000 As a % of Direct Costs 38%37% Total Development Costs $22,454,000 $22,380,000 Per Unit $624,000 $622,000 III.Net Revenue $24,357,000 $23,551,000 IV.Developer Profit $1,903,000 $1,171,000 As a % of Total Development Cost 8.5%5.2% V.10% VI.In-Lieu Fee Per Square Foot of Saleable Area $13.00 Supportable Inclusionary Housing Requirements Prepared by: Keyser Marston Associates File name: 6 24 21 SA HOO Own; Own Sum Page 2 of 8 APPENDIX A OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA HOME SALES SURVEY Prepared by: Keyser Marston Associates, Inc. File Name: 6 24 21 SA HOO Own; App A Titles Page 3 of 8 APPENDIX A - EXHIBIT I HOME SALES SURVEY UNITS CONSTRUCTED AFTER 2010 HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Address City Zip Code Unit Size (SF)Total Per SF Year Built I.Condominium & Townhome Units 1434 N Harbor Blvd #1 Santa Ana 92703 1,528 $640,000 $419 2018 607 N Garfield St Santa Ana 92701 1,354 $576,500 $426 2014 16042 Newhope Way Fountain Valley 92708 1,399 $583,000 $417 2011 1016 Hope Ln North Tustin 92705 1,688 $840,000 $498 2018 1551 W Walnut St #51 Santa Ana 92703 1,513 $550,000 $364 2018 1570 W 1ST St #15 Santa Ana 92703 1,513 $560,000 $370 2018 1452 N Harbor Blvd #3 Santa Ana 92703 1,740 $570,000 $328 2018 484 N Porter St Santa Ana 92701 1,358 $627,000 $462 2014 1060 S Harbor Blvd #6 Santa Ana 92704 1,598 $610,000 $382 2017 806 E Santa Ana Blvd Santa Ana 92701 1,641 $600,000 $366 2014 1416 N Harbor Blvd #4 Santa Ana 92703 1,528 $660,000 $432 2018 1310 N Harbor Blvd Santa Ana 92703 2,195 $740,000 $337 2017 1060 S Harbor Blvd #2 Santa Ana 92704 1,588 $635,000 $400 2017 609 N Garfield St Santa Ana 92701 1,461 $585,000 $400 2014 Minimum 1,354 $550,000 $328 2011 Maximum 2,195 $840,000 $498 2018 Average 1,579 $626,893 $397 2016 4256 W 5th St Santa Ana 92703 1,892 $690,000 $365 2016 1222 N Harbor Blvd Santa Ana 92703 2,135 $720,000 $337 2017 1440 N Harbor Blvd #3 Santa Ana 92703 1,748 $673,000 $385 2018 1080 S Harbor Blvd #7 Santa Ana 92704 1,879 $630,000 $335 2017 306 E Jeanette Ln Santa Ana 92705 2,185 $635,000 $291 2010 3336 S Alton Ct Santa Ana 92704 2,360 $880,000 $373 2011 Minimum 1,748 $630,000 $291 2010 Maximum 2,360 $880,000 $385 2018 Average 2,033 $704,667 $347 2015 Sales Price Three-Bedroom Units Four-Bedroom Units Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Own; Home Sales Page 4 of 8 APPENDIX A - EXHIBIT I HOME SALES SURVEY UNITS CONSTRUCTED AFTER 2010 HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Address City Zip Code Unit Size (SF)Total Per SF Year Built Sales Price II.Single Family Homes 221 W Tribella Ct Santa Ana 92703 2,119 $743,000 $351 2016 793 N Concord St Santa Ana 92701 1,573 $478,000 $304 2014 18806 Winnwood Ln North Tustin 92705 4,620 $2,100,000 $455 2021 556 S Harbor Blvd Santa Ana 92704 1,905 $650,000 $341 2017 4284 W 5th St Santa Ana 92703 2,193 $730,000 $333 2015 12791 Panorama Crst North Tustin 92705 6,227 $2,900,000 $466 2015 2138 N Hathaway St Santa Ana 92705 1,861 $770,000 $414 1965 11871 Simon Ranch Rd North Tustin 92705 3,700 $1,830,000 $495 2010 12351 Ranchwood Rd North Tustin 92705 3,244 $1,991,000 $614 2021 524 S Harbor Blvd Santa Ana 92704 1,894 $600,000 $317 2018 13982 Sandhurst Pl North Tustin 92705 2,660 $1,845,000 $694 2017 920 W Tribella Ct Santa Ana 92703 2,032 $699,000 $344 2018 202 W Tribella Ct Santa Ana 92703 2,119 $810,000 $382 2017 2038 Rembrandt Santa Ana 92704 3,056 $1,249,000 $409 2018 11300 Delphinium Ave Fountain Valley 92708 3,374 $1,460,000 $433 2017 13426 Peony Ave Garden Grove 92840 2,490 $895,645 $360 2020 12281 Baja Panorama Santa Ana 92705 3,850 $1,510,000 $392 2020 13462 Peony Ave Garden Grove 92840 2,699 $935,000 $346 2020 Minimum 1,573 $478,000 $304 1965 Maximum 6,227 $2,900,000 $694 2021 Average 2,868 $1,233,091 $430 2014 18808 Winnwood Ln North Tustin 92705 3,804 $1,968,000 $517 2020 18804 Winnwood Ln North Tustin 92705 4,038 $1,950,000 $483 2021 2254 N Lyon St Santa Ana 92705 3,408 $1,263,000 $371 2019 10889 Lotus Dr Garden Grove 92843 2,992 $880,000 $294 2013 10807 Lotus Dr Garden Grove 92843 2,561 $839,500 $328 2013 10781 lotus Garden Grove 92843 2,992 $990,000 $331 2014 10926 Lotus Dr Garden Grove 92843 2,992 $835,000 $279 2014 1615 W Pomona St Santa Ana 92704 3,897 $1,350,000 $346 2019 10787 Lotus Dr Garden Grove 92843 2,561 $800,000 $312 2013 10802 Lotus Dr Garden Grove 92843 2,561 $839,500 $328 2014 Minimum 2,561 $800,000 $279 2013 Maximum 4,038 $1,968,000 $517 2021 Average 3,181 $1,171,500 $368 2016 Source: Redfin. The survey includes executed sales that occurred between June 2020 to June 2021. Four-Bedroom Units Five-Bedroom Units Prepared by: Keyser Marston Associates, Inc. File name: 6 24 21 SA HOO Own; Home Sales Page 5 of 8 APPENDIX B AFFORDABILITY ANALYSES OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Prepared by: Keyser Marston Associates, Inc. File Name: 6 24 21 SA HOO Own; App B Titles Page 6 of 8 APPENDIX B - EXHIBIT I AFFORDABLE SALES PRICE CALCULATIONS 1 2021 INCOME STANDARDS OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Three-Bedroom Units Four-Bedroom Units Four-Bedroom Units Five-Bedroom Units I.Income Information Area Median Income 2 $106,700 $115,250 $106,700 $115,250 Household Income as a Percentage of AMI 110%110%110%110% Benchmark Household Income $117,370 $126,775 $117,370 $126,775 Percentage of Income Allotted to Housing Expenses 35%35%35%35% Income Allotted to Housing Expenses $41,080 $44,371 $41,080 $44,371 II.Expenses Annual Utilities Allowance 3 $2,976 $3,756 $3,756 $3,780 HOA, Maintenance & Insurance 3,360 3,600 1,920 2,160 Property Taxes @ 1.16% of Affordable Sales Price 6,180 6,580 6,300 6,830 Total Expenses $12,516 $13,936 $11,976 $12,770 III.Income Available for Mortgage $28,564 $30,435 $29,104 $31,601 IV.Affordable Sales Price Supportable Mtg @ 3.88% Interest 4 $505,900 $539,000 $515,400 $559,700 Home Buyer Down Payment @ 5% Aff Sales Price 26,600 28,400 27,100 29,500 Affordable Sales Price $532,500 $567,400 $542,500 $589,200 V.Estimated Achievable Price 5 $483,000 $542,500 1 2 Based on the H&SC Section 50052.5 that sets the benchmark household sizes equal to the number of bedrooms in the unit plus one. 3 4 Based on 2021 Orange County household incomes published by the California Housing & Community Development Department (HCD). The Affordable Sales Price calculations are based on the California Health and Safety Code Section 50052.5 methodology. Utilities allowances are based on the Orange County Housing Authority utility allowances effective as of 12/1/20. Assumes: Gas Cooking, Gas Heating, and Gas Water Heater; Basic Electric; Water, Sewer; and Trash. Based on a 50 basis points premium applied to the Bankrate site average APR as of June 17, 2021 for a fixed-interest rate loan with a 30-year amortization period. Condominium & Townhome Units Single Family Homes Prepared by: Keyser Marston Associates File name: 6 24 21 SA HOO Own; ASP APPENDIX B - EXHIBIT II IN-LIEU FEE ANALYSIS AFFORDABILITY GAP APPROACH OWNERSHIP HOUSING DEVELOPMENT HOO: IN-LIEU FEE ANALYSIS SANTA ANA, CALIFORNIA Moderate Income Units I.Sales Price Difference 1 A.Three-Bedroom Units Market Rate Sales Price $690,000 Affordable Sales Price 483,000 Difference $207,000 B.Four-Bedroom Units Market Rate Sales Price $775,000 Affordable Sales Price 542,500 Difference $232,500 II.Distribution of Total Units 2 Three-Bedroom Units 70% Four-Bedroom Units 30% III.In-Lieu Fee Per Inclusionary Unit 3 $215,000 Inclusionary Housing Percentage 10% Per Total Unit in the Project 4 $21,500 Per Square Foot of Saleable Area 5 $13.00 1 2 Based on the unit mix distribution applied in the pro forma analysis. 3 Based on the weighted average difference between the market rate prices and the Affordable Sales Prices. 4 Based on the Affordability Gap Per Inclusionary Unit multiplied times the Inclusionary Housing Percentage. 5 Based on the Affordability Gap Per Inclusionary Unit divided by the average saleable area per unit. The market rate sales prices are drawn from the pro forma analyses. (See APPENDIX A - EXHIBIT I). The Affordable Sales Prices are based on the H&SC Section 50052.5 calculation methodology. (See APPENDIX B - EXHIBIT I). Prepared by: Keyser Marston Associates, Inc. File Name: 6 24 21 SA HOO Own; Fee Page 8 of 8 Statistical Data on Housing Availability, Income and Affordability Levels CITY COUNCIL AD HOC COMMITTEE ON HOUSING MAY 27, 2021 1 Comparative Baseline Data 2CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 Average household size 2017 2018 2019 City of Santa Ana 4.31 4.17 4.11 Orange County 3.03 3.02 3 Median household income 2017 2018 2019 City of Santa Ana $65,655 $65,313 $70,084 Orange County $86,217 $89,759 $95,9934 Unemployment rate 12 month high (May 2020)Current (March 2021) City of Santa Ana 15.1%7% Orange County 14.9%6.4% Minimum wage 25 employees or less 26 employees or more State of California, 2021 $13/hour $14/hour Sources: ACS 1-year estimates, BLS Local Area Unemployment Statistics, CA Department of Industrial Relations Zip Code Base Map 3CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 •CoStar rental data ◦Properties with 5 or more units ◦Location ◦Size ◦Effective rate ◦Star rating ◦Age ◦U.S. Department of Housing and Urban Development ◦Comprehensive Housing Affordability Strategy (CHAS) data •U.S. Census Bureau, American Community Survey ◦Housing and economic statistics •U.S. Bureau of Labor Statistics ◦Unemployment and occupational wage statistics •National Preservation Housing Database 4CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 Sources Supply: Tenure 5CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 CITYWIDE ZIP CODE CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 6 Supply: Number of Unit Types 4,750 12,525 24,978 22,440 12,079 2,252 No bedroom 1 bedroom 2 bedrooms 3 bedrooms 4 bedrooms 5 or more bedrooms 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 92701 92703 92704 92705 92706 92707 No bedroom 1 bedroom 2 bedrooms 3 bedrooms 7CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 Supply: Subsidized Units 54% 41% 4% 1% Units Section 8 LIHTC HOME PBV Total Units 0-1 Bedroom Units Two Bedroom Units Three Plus Bedroom Units Total Housing Units 79,024 17,275 24,978 36,771 Subsidized Units 2,557 1,142 177 202 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 Number of UnitsAxis Title Federally Subsidized Housing Units Subsidized Units Total Housing Units •Vacancy ◦City of Santa Ana •1.45%, Q2 2017 •1.32%, Q3 2020 ◦Orange County •1.3%, Q2 2017 •1.25%, Q3 2020 •Section 8 Housing Choice Voucher Waiting List had 2,352 families on it, as of March 2021. 8CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 Demand is High 9CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 The Gap: Crowding & Cost Burden 5.6% 3.1% 16.1% 8.8%Overcrowded 1.01 to 1.50Overcrowded 1.51 or moreOvercrowding, Renter & Owner Santa Ana Orange County 21% 19% 26% 22%30-50% Cost Burdened >50% Cost BurdenedCost Burden, Renter & Owner Santa Ana Orange County The Gap: Rent & Income 10CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 -20% -10% 0% 10% 20% 30% 40% 2006 2010 2015 2019 2006 2010 2015 2019 Orange County, California Santa Ana, California Cumulative % Change (Rent)Cumulative % Change (Income) Housing Wage by Zip Code to Afford a 2-Bedroom Unit 11CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 1-Bedroom Affordability for 2- Person Families, by Zip Code 12CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 13CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 2-Bedroom Affordability for 3- Person Families, by Zip Code 3-Bedroom Affordability for 5- Person Families, by Zip Code 14CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 Studio Affordability for 2-Person Families, by Zip Code 15CITY OF SANTA ANA, COMMUNITY DEVELOPMENT AGENCY 20 CIVIC CENTER PLAZA, SANTA ANA, CA 92702 EXHIBIT 3 - DRAFT CHANGES TO THE HOO FOR DISCUSSION Redline & Without Redline Versions Attached ARTICLE XVIII.I. - 2021 AFFORDABLE HOUSING OPPORTUNITY & CREATION ORDINANCE[22] Footnotes: --- (22) --- Editor's note— Ord. No. NS-2881, § 2, adopted September 1, 2015 , repealed and replaced art. XVIII.I, §§ 41-1900—41-1910, in its entirety. Former art. XVIII.I pertained to similar subject matter, and was derived from Ord. No. NS-2825, §§ 2—12, adopted November 28, 2011. Sec. 41-1900. - Purpose. This article establishes standards and procedures to encourage the development of housing that is affordable to a range of households with varying income levels. The purpose of this article is to encourage the development and availability of affordable housing by requiring the inclusion of affordable housing units within new developments or the conversion of rental units to condominium ownership when the number of units exceed the densities permitted under the general plan. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1901. - Definitions. As used in this article, the following terms shall have the following meanings: Adjusted for household size appropriate for the unit means a household of one person in the case of a studio unit, two (2) persons in the case of a one-bedroom unit, three (3) persons in the case of a two- bedroom unit, four (4) persons in the case of a three-bedroom unit, and five (5) persons in the case of a four-bedroom unit. Administrative procedures means those regulations promulgated by the executive director pursuant to section 41-1910 of this article. Affordable housing cost means the total housing costs paid by a qualifying household, which shall not exceed the fraction of gross income specified, as follows: Extremely low-income households. Thirty (30) percent of the income of a household earning thirty (30) percent of the Orange County median income adjusted for family size appropriate for the unit. Very low-income households. Thirty (30) percent of the income of a household earning fifty (50) percent of the Orange County median income adjusted for family size appropriate for the unit. Low-income households. Thirty (30) percent of the income of a household earning eighty (80) percent of the Orange County median income for family size appropriate for the unit. Moderate-income households. Thirty (30) percent of the income of a household earning one hundred twenty (120) percent of the Orange County median income adjusted for family size appropriate for the unit. The qualifying limits for very low-income, low-income and moderate-income households are established and amended annually pursuant to Section 8 of the United States Housing Act of 1937. The limits are published by the Secretary of Housing and Urban Development. Developer means any association, corporation, firm, joint venture, partnership, person, or any entity or combination of entities, which seeks city approval for all or part of a residential project. Exhibit 3 - Redline Draft Development agreement means an agreement approved by the city council between a property owner and the city pursuant to Government Code section 65864, et seq. Entitled residential project means a development project that includes residential units subject to the provisions and applicability of this Article XVIII.I. that received entitlement approvals by city council action between August 4, 2015 and August 17, 2020 to construct the residential project and which has not been issued a building permit prior to August 18, 2020. A list of the currently entitled residential projects is attached hereto as Exhibit A and is incorporated by reference. Executive director means the executive director of community development for the city. General plan means the adopted general plan for the City of Santa Ana. Inclusionary housing agreement means a legally binding agreement between the developer and the city, in a form and substance satisfactory to the executive director and the city attorney, and containing those provisions necessary to ensure that the requirements of this article are satisfied, whether through the provision of inclusionary units or through an approved alternative method. Inclusionary housing fund means the fund created by the city in which all fees collected in compliance with this article shall be deposited. Inclusionary housing plan means the plan submitted by the developer, in a form specified by the executive director, detailing how the provisions of this article will be implemented for the proposed residential project. Inclusionary unit means a dwelling unit that will be offered for sale or rent to very low, low, or moderate income households, at an affordable housing cost, in compliance with this article. Low-income units and very low-income units means inclusionary units restricted to occupancy by low or very low-income households, respectively, at an affordable housing cost. Market rate units means dwelling units in a residential project that are not inclusionary units. Moderate-income units means inclusionary units restricted to occupancy by moderate-income households at an affordable housing cost. Prior project means any project for which an application was submitted and the application was deemed complete prior to August 4, 2015. Regulatory agreement means an agreement entered into between the City of Santa Ana or the Santa Ana Community Development Agency and a developer by which the developer covenants to keep certain housing units at an affordable housing cost for a specified period of time. Rehabilitated units/rehabilitation means the improvement of a unit in substandard condition to a decent, safe and sanitary level. Units are in substandard condition when, while they may be structurally sound, they do not provide safe and adequate shelter, and in their present condition endanger the health, safety or well-being of the occupants. Residential project/project means any of the following: A subdivision resulting in the creation of five (5) or more residential lots or residential condominium units; or The new construction of a project consisting of five (5) or more multi-family units; or The new construction of five (5) or more separate houses or dwelling units; or The conversion of five (5) or more existing residential rental units to condominium ownership. Target area means that area designated by the city from time to time, on an as-needed basis, as a priority area for rehabilitation due to health and safety concerns. Total housing costs the total monthly or annual recurring expenses required of a household to obtain shelter. For a rental unit, total housing costs shall include the monthly rent payment and utilities paid by Exhibit 3 - Redline Draft the tenant (excluding telephone and television). For an ownership unit, total housing costs shall include the mortgage payment (principal and interest), insurance, homeowners' association dues (if applicable), private mortgage insurance (if applicable), taxes, utilities, an allowance for maintenance and any other related assessments. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1902. - Applicability and inclusionary unit requirements. (a) Applicability. The requirements of this article shall apply to any new residential project comprised of twenty (20) or more residential lots or residential units located withinwhich has not received entitlement approvals by the cityCity Council as of MONTH DATE, 2021, including new construction, and condominium conversions which exceedmeets one or all of the general plan prescribed densities.following applicability thresholds: (1) A change in use to allow for residential or to exceed the general plan or zoning prescribed densities or percentage of residential development of the subject property at the time of application. (2) Implement(b) Applications. The requirements of this article shall apply to any new residential project proposed in connection with an application to do any of the following: (1) Increase the permitted residential density of the subject property above the density or percentage of residential development allowed as a result of city initiated zone changes after November 28, 2011. (3) Implement the permitted by the general plan at the time of the application. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the applicable density permitted by theresidential density or percentage of residential development allowed as a result of city initiated general plan. amendments after November 28, 2011. (2) 4) Increase the permitted percentage of residential development allowed for a mixed-use development above the percentage at the time of the application. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the density permitted by the general plan. permitted under the zone at the time of application. (3) 5) Development of new residential uses or increase of the permitted residential density or percentage of residential development within an overlay zone approved pursuant to Division 28 of this Chapter. (6) Convert rental units to condominium ownership. (b) Applications. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the density permitted by the general plan. as prescribed in Subsection (a) above. (c) Units for sale. If the new residential project consists of units for sale, then a minimum of ten (10) percent of the total number of units in the project shall be sold to moderate income households. (d) Rental units. If the new residential project consists of rental units, then a minimum of fifteen (15) percent of the units shall be rented to low-income households, or ten (10) percent rented to very low- income households, or five (5) percent rented to extremely low-income households. (e) Rounding of quantities in calculations. In calculating the required number of inclusionary units, fractional units shall be rounded-up to the next whole unit. The developer may choose to pay an in- lieu fee set forth in section 41-1904(c) for the fractional units, which shall be calculated based on the number of habitable square feet applicable in each case. (f) Displacement of existing inclusionary units. Notwithstanding any other provision of this article, any residential project subject to this article that results in the displacement of very low and/or low income household(s) shall be required to provide on-site inclusionary units as required by this article. Exhibit 3 - Redline Draft (g) Compliance with article. All inclusionary units required by this article shall be sold or rented in compliance with this article. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1903. - Exempt projects. The following are exempt from the requirements of this article: (a) Applications deemed complete. Applications that include a residential project for which a development application has been deemed complete prior to November 28, 2011. (b) Development agreements. A residential project that is the subject of a development agreement under applicable provisions of the California Government Code that expressly provides for an exclusion to this article or provides for a different amount of, provides for a different amount of inclusionary units, or provides for a different specified method for determining the in lieu provisions of this ordinance, such as the timing of payment or the point in time for determining the applicable in lieu fee amount, to satisfy the inclusionary units from that specified by this article, provided the development agreement was adopted and executed on or before November 28, 2011MONTH DATE, 2021. (c) Project with regulatory agreement. A residential project for which a regulatory agreement has been approved, provided that the regulatory agreement is effective at the time the residential project would otherwise be required to comply with the requirements of this article, and there is no uncured breach of the regulatory agreement before issuance of a certificate of occupancy for the project. This may include a residential project that has obtained a density bonus under article XVI.I of the Santa Ana Municipal Code. Such projects cannot be used to satisfy the inclusionary requirement for another project. (d) Adaptive Reuse. Adaptive reuse development projects pursuant to Chapter 41, Article XVI.II - Adaptive Reuse. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1904. - Options to satisfy inclusionary requirements. (a) On-site units. The primary means of complying with the inclusionary requirements of this article shall be the provision of on-site inclusionary units in accordance with section 41-1901, above. A developer may only satisfy the requirements of this article by means of an alternative to on-site inclusionary units in accordance with the requirements and procedures of this section. (b) Off-site units. 1.New units. The developer may satisfy the inclusionary unit requirements for the project, in whole or in part by constructing the required new inclusionary housing at a different location within the city borders at the ratio of one square foot of habitable inclusionary unit space for each required habitable square foot. While the total habitable square footage area of the required new inclusionary units must be the same as the sum-total of the number of habitable square feet for the project as directed by this ordinance, the number of units and bedrooms associated with the off-site units may be approved by the review authority of the city, consistent with the type of affordable housing needed at the time of project review. 2.Rehabilitated units outside a designated target area. The developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one and one-half (1½) habitable square feet per each required habitable square foot of inclusionary units. Exhibit 3 - Redline Draft 3.Rehabilitated units within a designated target area. Upon application, the developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one habitable square foot per each required habitable square foot of affordable inclusionary units. (c) In-lieu fee. (1) More than twenty (20) units. A residential project comprised of more than twenty (20) residential lots or residential units, the developer may elect to satisfy the inclusionary unit requirements for the project, in whole or in part, by payment of a fee in lieu of constructing some or all of the required units. The amount of the fee allowed by this section shall be fivefifteen dollars per square foot ($515.00/ft. 2 ).) of the sum total of the number of habitable square feet within the entire project, as measured from the exterior walls of the residential units. This calculation does not include exterior hallways, common areas, landscape, open space or exterior stairways. (2) Entitled residential projects. Timing of payment. The applicant(s) of an entitled residential total fee amount for the entirety of a project (see Exhibit A) may either construct the inclusionary units or pay an in lieu fee as follows: (i) Twenty (20) or fewer units. In the case of an entitled residential project containing between five (5)is calculated, determined, and twenty (20) residential lots or residential units, the developer may elect to satisfy the inclusionary unit requirements for the project, in whole or in part, by payment of a fee in lieu of constructing some or all of the required units. The amount of the fee allowed by this section shall be five dollars per square foot ($5.00/ft.) of the sum total of the number of habitable square feet within the entire project, as measured from the exterior walls of the residential units. This calculation does not include exterior hallways, common areas, landscape, open space or exterior stairways. (ii) More than twenty (20) units. In the case of an entitled residential project comprised of more than twenty (20) residential lots or residential units, the developer may elect to satisfy the inclusionary unit requirements for the project, in whole or in part, by payment of a fee in lieu of constructing some or all of the required units. The amount of the fee allowed by this section shall be five dollars per square foot ($5.00/ft.) of the sum total of the number of habitable square feet within the entire project, as measured from the exterior walls of the residential units. This calculation does not include exterior hallways, common areas, landscape, open space or exterior stairways. The in lieu fee amount allowed herein by this subsection shall revert to fifteen dollars per square foot ($15.00) on October 1, 2021 for any construction which adds net residential units, which has city-approved entitlements, that has not been issued aset at the time of issuance of the first building permit by October 1, 2021. (iii) A residential project that has been entitled and approved with conditions to pay a specific in lieu fee or has a city council approved development agreement to pay a specific in-lieu fee shall comply with the conditions or the development agreement as approved and shall not be modified by this ordinance. (3) Timing of payment. The developer shall pay the for the project. The developer shall pay all in- lieu fees allowed by this section for the entire project prior to issuance of the building permitfirst occupancy approval for any construction which adds net residential units. The developer may provide input regarding what project the in lieu fees should be applied towards, but such input shall not be dispositive. The in lieu fees collected by the city are city funds over which the city has complete and absolute discretion. (43) Inclusionary housing fund. Fees collected in compliance with this section shall be deposited in the inclusionary housing fund. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1904.1. - Inclusionary housing development incentives for production of units. Exhibit 3 - Redline Draft (a) In order to make the production of new inclusionary units on-site or off-site or off-site rehabilitated units, certain incentives, standards and concessions shall be allowed and prescribed as set forth herein below. Such concessions shall not be available to those developers that choose to pay an in lieu fee rather than build the units. The developer may opt to take advantage of up to two (2) concessions among the following possible concessions: (1) Parking concession. One on-site parking space for each zero to one bedroom unit; two (2) on- site parking spaces for each two (2) to three (3) bedroom unit; two and one-half (2½) parking spaces for each four (4) or more bedroom unit. (2) Concession on one of the following Zoning Code site development standards: (i) Setback reduction of up to twenty-five (25) percent reduction on subject property; (ii) Height increase of up to twenty (20) additional feet. (b) A developer of a for sale residential project proposing to provide on-site moderate income units and a surrounding community benefit may opt to take advantage of up to three (3) of the above concessions. The surrounding community benefit will include but not be limited to park improvements, urban community gardens, developer-funded down payment assistance, or subsidy of services, activities or programs. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Editor's note— Ord. No. NS-2885, § 2, adopted October 6, 2015 , amended § 41-1904.1, to read as set out herein. Previously § 41-1904.1 was titled "Inclusionary housing development incentives." Sec. 41-1905. - Housing plan and housing agreement. (a) Submittal and execution. The developer shall comply with the following requirements: (1) Inclusionary housing plan. The developer shall submit an inclusionary housing plan in a form specified by the executive director, detailing how the provisions of this article will be implemented for the proposed residential project. The inclusionary housing plan and its supportive documents, plans, and details shall be submitted at the same time as the site plan and application materials for the original project. All inclusionary housing plans shall be subject to the approval of the executive director and subject to appeal processes and procedures set forth in the Santa Ana Municipal Code. (2) Inclusionary housing agreement. The developer shall execute and cause to be recorded an inclusionary housing agreement. The inclusionary housing agreement shall be a legally binding agreement between the developer and the city, executed by the city manager, or his or her designee, and in a form and substance satisfactory to the executive director and the city attorney, and containing those provisions necessary to ensure that the requirements of this article are satisfied, whether through the provision of inclusionary units or through an approved alternative method. (b) Discretionary approvals. No discretionary approval shall be issued for a residential project subject to this article until the developer has submitted an inclusionary housing plan. (c) Issuance of building permit. No building permit shall be issued for a residential project subject to this article unless the executive director has approved the inclusionary housing plan, and any required inclusionary housing agreement has been recorded. (d) Issuance of certificate of occupancy. A certificate of occupancy shall not be issued for a residential project subject to this article unless the approved inclusionary housing plan has been fully implemented. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Exhibit 3 - Redline Draft Sec. 41-1906. - Standards. (a) Location within project, relationship to non-inclusionary units. All inclusionary units shall be: (1) Reasonably dispersed throughout the residential project; (2) Proportional, in number of bedrooms, gross floor area of habitable space, and location, to the market rate units; (3) Comparable to the market rate units included in the residential project in terms of design, materials, finished quality, and appearance; and (4) Permitted the same access to project amenities and recreational facilities, as are market rate units. (b) Timing of construction. All inclusionary units in a residential project shall be constructed concurrent with, or before the construction of the market rate units. If the city approves a phased project, a proportional share of the required inclusionary units shall be provided within each phase of the residential project. (c) Location outside the proposed original project. For projects where the developer proposes to either produce new inclusionary units or rehabilitate existing off-site units to meet the inclusionary affordable housing requirements of this ordinance, the off-site project(s) containing the required inclusionary units shall be subject to the following requirements: (1) The sum-total area (in habitable square feet) of all the newly constructed off-site inclusionary units shall be the same number of habitable square feet of inclusionary area as required by this ordinance. For the purpose of the calculation of the number of square feet of required inclusionary housing, the total gross habitable square feet of the housing units of the original market rate project shall be used, as measured from exterior walls to exterior walls of the market units provided as the base for calculation either ten (10) percent for very low income or fifteen (15) percent for low income inclusionary units. The common areas, exterior hallways, stairways, patios, and balconies shall not be calculated in determining the number of required square feet of inclusionary housing production. All new or rehabilitated units must meet all current zoning and general plan standards. (2) While the total number of square feet of inclusionary housing requirement is calculated based on the requirements of this ordinance, the number of units, bedrooms and other amenities on the proposed off-site inclusionary housing location shall be approved by the review authority commensurate with the size and type of units most in demand at the time of submittal of the application. (3) Any off-site affordable inclusionary housing project shall be substantially comparable to the market rate units included in the residential project in terms of quality of design, materials and finishes. (4) If tenants are displaced due to rehabilitation of housing to meet the inclusionary unit requirement, the developer shall be responsible for relocation costs as required by state law. (5) No city, housing authority, or public funds, subsidies, or participation of any kind shall be expended on the production or building of any inclusionary housing projects associated with meeting the inclusionary unit requirement. (d) Timing of construction. All inclusionary units in a residential project or proposed off-site new inclusionary units or rehabilitated units shall be constructed concurrent with, or before the construction of the market rate units. If the city approves a phased project, a proportional share of the required inclusionary units shall be provided within each phase of the residential project. (e) Units for sale. (1) Time limit for inclusionary restrictions. A unit for sale shall be restricted to the target income level group at the applicable affordable housing cost for a minimum of fifty-five (55) years.in perpetuity. Exhibit 3 - Redline Draft (2) Certification of purchasers. The developer and all subsequent owners of an inclusionary unit offered for sale shall certify, on a form provided by the city, the income of the purchaser and that such owners will live in such inclusionary unit as their primary residence. (3) Resale price control. In order to maintain the availability of inclusionary units required by this article, the resale price of an owner occupied inclusionary unit shall be limited to the lesser of the fair market value of the unit as established by a licensed real estate agent based upon three (3) comparable properties or the restricted resale price. For these purposes, the restricted resale price shall be the applicable affordable housing cost. (4) Inheritance of inclusionary units. Upon the death of an owner of an owner-occupied inclusionary unit, title in the property may transfer to the surviving joint tenant or heir (in the case of the death of a sole owner or all owners of the household). (5) Forfeiture. If an inclusionary unit for sale is sold for an amount in excess of the resale price controls required by this section, the buyer and the seller shall be jointly and severally liable to the city for the amount in excess of the affordable housing cost at the time of such sale of the inclusionary unit. Recovered funds shall be deposited into the inclusionary housing fund. Notwithstanding the foregoing, city may allow the buyer and seller to cure any violation of the resale price controls within one hundred eighty (180) days. (f) Rental units. (1) Time limit for inclusionary restrictions. A rental inclusionary unit shall remain restricted to the target income level group at the applicable affordable housing cost for fifty-five (55) years.in perpetuity. (2) Certification of renters. The owner of any rental inclusionary unit shall certify, on a form provided by the city, the income of all members of the household above the age of eighteen (18) at the time of the initial rental and annually thereafter. (3) Forfeiture. Any lessor who leases an inclusionary unit in violation of this article shall be required to forfeit to the city all money so obtained. Recovered funds shall be deposited into the inclusionary housing fund. (g) Execution and recording of documents. The executive director may require the execution and recording of whatever documents are required to ensure enforcement of this section; including, but not limited to, promissory notes, deeds of trust, resale restrictions, rights of first refusal, options to purchase, and/or other documents, which shall be recorded against all inclusionary units. (h) General prohibitions. (1) No person shall sell or rent an inclusionary unit at a price or rent in excess of the maximum amount allowed by any restriction placed on the unit in accordance with this article. (2) No person shall sell or rent an inclusionary unit to a person or persons that do not meet the income restrictions placed on the unit in accordance with this article. (3) No person shall provide false or materially incomplete information to the city or to a seller or lessor of an inclusionary unit to obtain occupancy of housing for which that person is not eligible. (i) Principal residency requirement. (1) The owner or lessee of an inclusionary unit shall reside in the unit for not less than ten (10) out of every twelve (12) months. (2) No owner or lessee of an inclusionary unit shall lease or sublease, as applicable, an inclusionary unit without the prior permission of the executive director. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1907. - Reserved. Exhibit 3 - Redline Draft Sec. 41-1908. - Enforcement. (a) Violation. Any violation of this article constitutes a misdemeanor. (b) Forfeiture of funds. Any individual who sells an inclusionary unit in violation of this article shall be required to forfeit any money in excess of the affordable housing cost at such time. Any individual who rents an inclusionary unit in violation of this article shall be required to forfeit all money so obtained. Recovered funds shall be deposited into the inclusionary housing fund. (c) Legal actions. The city may institute any appropriate legal actions or proceedings necessary to ensure compliance with this article, including actions: (1) To disapprove, revoke, or suspend any permit, including a building permit, certificate of occupancy, or discretionary approval; and (2) For injunctive relief or damages. (d) Recovery of costs. In any action to enforce this article, or an inclusionary housing agreement recorded hereunder, the city shall be entitled to recover its reasonable attorney's fees and costs. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1909. - Inclusionary housing fund. (a) Inclusionary housing fund. There is hereby established a separate fund of the city, to be known as the inclusionary housing fund. All monies collected pursuant to this article shall be deposited in the inclusionary housing fund. Additional monies from other sources may be deposited in the inclusionary housing fund. The monies deposited in the inclusionary housing fund shall be subject to the following conditions: (1) Monies deposited into the inclusionary housing fund must be used to increase and improve the supply of housing affordable to moderate, low, very low, and extremely low income households in the city as specified in the city's affordable housing funds policies and procedures. A priority will be on the creation of new affordable housing opportunities or units fromfor large families currently living in the existing market rateCity. Other eligible uses of the inclusionary housing stock rather than construction of new affordable housing units. This includes,fund include but isare not limited to, the purchase and rehabilitation of units for sale. Monies may also be used to pay for one-time programs for code enforcement, quality of life and general health and safety activities. Monies may also be used to cover reasonable administrative or related expenses associated with the administration of this article. : (i) Create affordable units from the existing market rate housing stock including but not limited to, the purchase and rehabilitation of units. (ii) Pay for one-time programs for code enforcement, quality of life, and general health and safety activities. (iii) Cover reasonable administrative or related expenses associated with the administration of this article. (iv) Implement and promote programs addressing housing security, eviction prevention, and housing legal assistance for city residents. (2) The fund shall be administered by the executive director, or his or her designee, who may develop procedures in the city's affordable housing funds policies and procedures to implement the purposes of the inclusionary housing fund consistent with the requirements of this article and any adopted budget of the city. (3) Monies deposited in accordance with this section shall be used in accordance with the affordable housing funds policies and procedures, housing element, consolidated plan, or subsequent plan adopted by the city council to construct, rehabilitate, or subsidize affordable housing or to Exhibit 3 - Redline Draft recapture affordable housing at risk of market conversion, or to assist other government entities, private organizations, or individuals to do so. Permissible uses include, but are not limited to, assistance to housing development corporations, equity participation loans, grants, pre-home ownership co-investment, pre-development loan funds, participation leases, or other public- private partnership arrangements. The inclusionary housing fund may be used for the benefit of both rental and owner-occupied housing. (4) A developer receiving funding from the inclusionary housing fund shall implement a local preference in their resident selection criteria and marketing policies meeting guidelines established by the executive director. (5) A developer opting for the in lieu payment option or receiving funding from the inclusionary housing fund, as well as its contractors and subcontractors at every tier performing work for the new housing units is encouraged and should provide an enforceable commitment that a skilled and trained workforce will be used to complete a contract or project in accordance with Public Contract Code §§ 2601—2602. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1910. - Administrative. (a) In-lieu fee calculation. The amount per square foot of the inclusionary housing in-lieu fee shall be subject to city council review and consideration before the end of calendar year 2018, but after June 30, 2018. Between July 1, 2018 and December 31, 2018, staff shall report on the effectiveness of this ordinance and provide options for council consideration on the components of this ordinance, including, but not limited to, the monetary amount of inclusionary in-lieu fee per square foot. from time to time. (b) Prior projects. The applicant(s) of any project for which a site plan review application was submitted and such application was deemed complete prior to August 4, 2015, may either construct the inclusionary units pursuant to the prior housing opportunity ordinance (Ordinance No. NS-2825) or pay an in lieu fee calculated by the formula under the prior housing opportunity ordinance (Ordinance No. NS-2825) or request to revise its inclusionary housing plan and/or inclusionary housing agreement and pay an in-lieu fee of nine dollars and thirty-five cents ($9.35) per square foot of habitable space for the entire project's inclusionary housing obligation. (c) Administration fees. The council may by resolution establish reasonable fees and deposits for the administration of this article including an annual monitoring fee and an inclusionary housing plan submittal fee. (d) Monitoring/audits. At the time of initial occupancy, and annually thereafter, the city will monitor the project to ensure that the income verifications are correct and in compliance with the inclusionary housing administrative procedures. For ownership units, the city shall monitor to verify that owner- occupancy requirements are maintained. Developer/property owners are required to cooperate with the city in promptly providing all information requested by the city in monitoring compliance with program requirements. The city will conduct periodic random quality control audits of inclusionary units to assure compliance with rules and requirements. Such audits may include verification of continued occupancy in inclusionary units by eligible tenants, compliance with the inclusionary housing plan and agreement, and physical inspections of the residential project. (e) Administrative procedures. The city manager is hereby authorized and directed to promulgate administrative procedures for the implementation of this article. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Secs. 41-1911—41-1999. - Reserved. Exhibit 3 - Redline Draft Without Redline ARTICLE XVIII.I. - 2021 AFFORDABLE HOUSING OPPORTUNITY & CREATION ORDINANCE[22] Footnotes: --- (22) --- Editor's note— Ord. No. NS-2881, § 2, adopted September 1, 2015 , repealed and replaced art. XVIII.I, §§ 41-1900—41-1910, in its entirety. Former art. XVIII.I pertained to similar subject matter, and was derived from Ord. No. NS-2825, §§ 2—12, adopted November 28, 2011. Sec. 41-1900. - Purpose. This article establishes standards and procedures to encourage the development of housing that is affordable to a range of households with varying income levels. The purpose of this article is to encourage the development and availability of affordable housing by requiring the inclusion of affordable housing units within new developments or the conversion of rental units to condominium ownership when the number of units exceed the densities permitted under the general plan. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1901. - Definitions. As used in this article, the following terms shall have the following meanings: Adjusted for household size appropriate for the unit means a household of one person in the case of a studio unit, two (2) persons in the case of a one-bedroom unit, three (3) persons in the case of a two- bedroom unit, four (4) persons in the case of a three-bedroom unit, and five (5) persons in the case of a four-bedroom unit. Administrative procedures means those regulations promulgated by the executive director pursuant to section 41-1910 of this article. Affordable housing cost means the total housing costs paid by a qualifying household, which shall not exceed the fraction of gross income specified, as follows: Extremely low-income households. Thirty (30) percent of the income of a household earning thirty (30) percent of the Orange County median income adjusted for family size appropriate for the unit. Very low-income households. Thirty (30) percent of the income of a household earning fifty (50) percent of the Orange County median income adjusted for family size appropriate for the unit. Low-income households. Thirty (30) percent of the income of a household earning eighty (80) percent of the Orange County median income for family size appropriate for the unit. Moderate-income households. Thirty (30) percent of the income of a household earning one hundred twenty (120) percent of the Orange County median income adjusted for family size appropriate for the unit. The qualifying limits for very low-income, low-income and moderate-income households are established and amended annually pursuant to Section 8 of the United States Housing Act of 1937. The limits are published by the Secretary of Housing and Urban Development. Developer means any association, corporation, firm, joint venture, partnership, person, or any entity or combination of entities, which seeks city approval for all or part of a residential project. Exhibit 3 - Without Redline Draft Development agreement means an agreement approved by the city council between a property owner and the city pursuant to Government Code section 65864, et seq. Executive director means the executive director of community development for the city. General plan means the adopted general plan for the City of Santa Ana. Inclusionary housing agreement means a legally binding agreement between the developer and the city, in a form and substance satisfactory to the executive director and the city attorney, and containing those provisions necessary to ensure that the requirements of this article are satisfied, whether through the provision of inclusionary units or through an approved alternative method. Inclusionary housing fund means the fund created by the city in which all fees collected in compliance with this article shall be deposited. Inclusionary housing plan means the plan submitted by the developer, in a form specified by the executive director, detailing how the provisions of this article will be implemented for the proposed residential project. Inclusionary unit means a dwelling unit that will be offered for sale or rent to very low, low, or moderate income households, at an affordable housing cost, in compliance with this article. Low-income units and very low-income units means inclusionary units restricted to occupancy by low or very low-income households, respectively, at an affordable housing cost. Market rate units means dwelling units in a residential project that are not inclusionary units. Moderate-income units means inclusionary units restricted to occupancy by moderate-income households at an affordable housing cost. Prior project means any project for which an application was submitted and the application was deemed complete prior to August 4, 2015. Regulatory agreement means an agreement entered into between the City of Santa Ana or the Santa Ana Community Development Agency and a developer by which the developer covenants to keep certain housing units at an affordable housing cost for a specified period of time. Rehabilitated units/rehabilitation means the improvement of a unit in substandard condition to a decent, safe and sanitary level. Units are in substandard condition when, while they may be structurally sound, they do not provide safe and adequate shelter, and in their present condition endanger the health, safety or well-being of the occupants. Residential project/project means any of the following: A subdivision resulting in the creation of five (5) or more residential lots or residential condominium units; or The new construction of a project consisting of five (5) or more multi-family units; or The new construction of five (5) or more separate houses or dwelling units; or The conversion of five (5) or more existing residential rental units to condominium ownership. Target area means that area designated by the city from time to time, on an as-needed basis, as a priority area for rehabilitation due to health and safety concerns. Total housing costs the total monthly or annual recurring expenses required of a household to obtain shelter. For a rental unit, total housing costs shall include the monthly rent payment and utilities paid by the tenant (excluding telephone and television). For an ownership unit, total housing costs shall include the mortgage payment (principal and interest), insurance, homeowners' association dues (if applicable), private mortgage insurance (if applicable), taxes, utilities, an allowance for maintenance and any other related assessments. Exhibit 3 - Without Redline Draft ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1902. - Applicability and inclusionary unit requirements. (a) Applicability. The requirements of this article shall apply to any new residential project comprised of twenty (20) or more residential lots or residential units which has not received entitlement approvals by the City Council as of MONTH DATE, 2021, including new construction, and condominium conversions which meets one or all of the following applicability thresholds: (1) A change in use to allow for residential or to exceed the general plan or zoning prescribed densities or percentage of residential development of the subject property at the time of application. (2) Implement the permitted residential density or percentage of residential development allowed as a result of city initiated zone changes after November 28, 2011. (3) Implement the permitted residential density or percentage of residential development allowed as a result of city initiated general plan amendments after November 28, 2011. (4) Increase the permitted percentage of residential development allowed for a mixed-use development above the percentage permitted under the zone at the time of application. (5) Development of new residential uses or increase of the permitted residential density or percentage of residential development within an overlay zone approved pursuant to Division 28 of this Chapter. (6) Convert rental units to condominium ownership. (b) Applications. The inclusionary requirements shall only apply to the incremental units beyond that which is allowed as prescribed in Subsection (a) above. (c) Units for sale. If the new residential project consists of units for sale, then a minimum of ten (10) percent of the total number of units in the project shall be sold to moderate income households. (d) Rental units. If the new residential project consists of rental units, then a minimum of fifteen (15) percent of the units shall be rented to low-income households, ten (10) percent rented to very low- income households, or five (5) percent rented to extremely low-income households. (e) Rounding of quantities in calculations. In calculating the required number of inclusionary units, fractional units shall be rounded-up to the next whole unit. The developer may choose to pay an in- lieu fee set forth in section 41-1904(c) for the fractional units, which shall be calculated based on the number of habitable square feet applicable in each case. (f) Displacement of existing inclusionary units. Notwithstanding any other provision of this article, any residential project subject to this article that results in the displacement of very low and/or low income household(s) shall be required to provide on-site inclusionary units as required by this article. (g) Compliance with article. All inclusionary units required by this article shall be sold or rented in compliance with this article. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1903. - Exempt projects. The following are exempt from the requirements of this article: (a) Applications deemed complete. Applications that include a residential project for which a development application has been deemed complete prior to November 28, 2011. (b) Development agreements. A residential project that is the subject of a development agreement under applicable provisions of the California Government Code that expressly provides for an exclusion to this article, provides for a different amount of inclusionary units, or provides for a Exhibit 3 - Without Redline Draft different specified method for determining the in lieu provisions of this ordinance, such as the timing of payment or the point in time for determining the applicable in lieu fee amount, to satisfy the inclusionary units from that specified by this article, provided the development agreement was adopted and executed on or before MONTH DATE, 2021. (c) Project with regulatory agreement. A residential project for which a regulatory agreement has been approved, provided that the regulatory agreement is effective at the time the residential project would otherwise be required to comply with the requirements of this article, and there is no uncured breach of the regulatory agreement before issuance of a certificate of occupancy for the project. This may include a residential project that has obtained a density bonus under article XVI.I of the Santa Ana Municipal Code. Such projects cannot be used to satisfy the inclusionary requirement for another project. (d) Adaptive Reuse. Adaptive reuse development projects pursuant to Chapter 41, Article XVI.II - Adaptive Reuse. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1904. - Options to satisfy inclusionary requirements. (a) On-site units. The primary means of complying with the inclusionary requirements of this article shall be the provision of on-site inclusionary units in accordance with section 41-1901, above. A developer may only satisfy the requirements of this article by means of an alternative to on-site inclusionary units in accordance with the requirements and procedures of this section. (b) Off-site units. 1.New units. The developer may satisfy the inclusionary unit requirements for the project, in whole or in part by constructing the required new inclusionary housing at a different location within the city borders at the ratio of one square foot of habitable inclusionary unit space for each required habitable square foot. While the total habitable square footage area of the required new inclusionary units must be the same as the sum-total of the number of habitable square feet for the project as directed by this ordinance, the number of units and bedrooms associated with the off-site units may be approved by the review authority of the city, consistent with the type of affordable housing needed at the time of project review. 2.Rehabilitated units outside a designated target area. The developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one and one-half (1½) habitable square feet per each required habitable square foot of inclusionary units. 3.Rehabilitated units within a designated target area. Upon application, the developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one habitable square foot per each required habitable square foot of affordable inclusionary units. (c) In-lieu fee. (1) More than twenty (20) units. A residential project comprised of more than twenty (20) residential lots or residential units, the developer may elect to satisfy the inclusionary unit requirements for the project, in whole or in part, by payment of a fee in lieu of constructing some or all of the required units. The amount of the fee allowed by this section shall be fifteen dollars per square foot ($15.00/ft.) of the sum total of the number of habitable square feet within the entire project, as measured from the exterior walls of the residential units. This calculation does not include exterior hallways, common areas, landscape, open space or exterior stairways. (2) Timing of payment. The total fee amount for the entirety of a project is calculated, determined, and set at the time of issuance of the first building permit for the project. The developer shall pay all in-lieu fees allowed by this section for the entire project prior to issuance of the first occupancy Exhibit 3 - Without Redline Draft approval for any construction which adds net residential units. The in lieu fees collected by the city are city funds over which the city has complete and absolute discretion. (3) Inclusionary housing fund. Fees collected in compliance with this section shall be deposited in the inclusionary housing fund. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1904.1. - Inclusionary housing development incentives for production of units. (a) In order to make the production of new inclusionary units on-site or off-site or off-site rehabilitated units, certain incentives, standards and concessions shall be allowed and prescribed as set forth herein below. Such concessions shall not be available to those developers that choose to pay an in lieu fee rather than build the units. The developer may opt to take advantage of up to two (2) concessions among the following possible concessions: (1) Parking concession. One on-site parking space for each zero to one bedroom unit; two (2) on- site parking spaces for each two (2) to three (3) bedroom unit; two and one-half (2½) parking spaces for each four (4) or more bedroom unit. (2) Concession on one of the following Zoning Code site development standards: (i) Setback reduction of up to twenty-five (25) percent reduction on subject property; (ii) Height increase of up to twenty (20) additional feet. (b) A developer of a for sale residential project proposing to provide on-site moderate income units and a surrounding community benefit may opt to take advantage of up to three (3) of the above concessions. The surrounding community benefit will include but not be limited to park improvements, urban community gardens, developer-funded down payment assistance, or subsidy of services, activities or programs. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Editor's note— Ord. No. NS-2885, § 2, adopted October 6, 2015 , amended § 41-1904.1, to read as set out herein. Previously § 41-1904.1 was titled "Inclusionary housing development incentives." Sec. 41-1905. - Housing plan and housing agreement. (a) Submittal and execution. The developer shall comply with the following requirements: (1) Inclusionary housing plan. The developer shall submit an inclusionary housing plan in a form specified by the executive director, detailing how the provisions of this article will be implemented for the proposed residential project. The inclusionary housing plan and its supportive documents, plans, and details shall be submitted at the same time as the site plan and application materials for the original project. All inclusionary housing plans shall be subject to the approval of the executive director and subject to appeal processes and procedures set forth in the Santa Ana Municipal Code. (2) Inclusionary housing agreement. The developer shall execute and cause to be recorded an inclusionary housing agreement. The inclusionary housing agreement shall be a legally binding agreement between the developer and the city, executed by the city manager, or his or her designee, and in a form and substance satisfactory to the executive director and the city attorney, and containing those provisions necessary to ensure that the requirements of this article are satisfied, whether through the provision of inclusionary units or through an approved alternative method. Exhibit 3 - Without Redline Draft (b) Discretionary approvals. No discretionary approval shall be issued for a residential project subject to this article until the developer has submitted an inclusionary housing plan. (c) Issuance of building permit. No building permit shall be issued for a residential project subject to this article unless the executive director has approved the inclusionary housing plan, and any required inclusionary housing agreement has been recorded. (d) Issuance of certificate of occupancy. A certificate of occupancy shall not be issued for a residential project subject to this article unless the approved inclusionary housing plan has been fully implemented. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1906. - Standards. (a) Location within project, relationship to non-inclusionary units. All inclusionary units shall be: (1) Reasonably dispersed throughout the residential project; (2) Proportional, in number of bedrooms, gross floor area of habitable space, and location, to the market rate units; (3) Comparable to the market rate units included in the residential project in terms of design, materials, finished quality, and appearance; and (4) Permitted the same access to project amenities and recreational facilities, as are market rate units. (b) Timing of construction. All inclusionary units in a residential project shall be constructed concurrent with, or before the construction of the market rate units. If the city approves a phased project, a proportional share of the required inclusionary units shall be provided within each phase of the residential project. (c) Location outside the proposed original project. For projects where the developer proposes to either produce new inclusionary units or rehabilitate existing off-site units to meet the inclusionary affordable housing requirements of this ordinance, the off-site project(s) containing the required inclusionary units shall be subject to the following requirements: (1) The sum-total area (in habitable square feet) of all the newly constructed off-site inclusionary units shall be the same number of habitable square feet of inclusionary area as required by this ordinance. For the purpose of the calculation of the number of square feet of required inclusionary housing, the total gross habitable square feet of the housing units of the original market rate project shall be used, as measured from exterior walls to exterior walls of the market units provided as the base for calculation either ten (10) percent for very low income or fifteen (15) percent for low income inclusionary units. The common areas, exterior hallways, stairways, patios, and balconies shall not be calculated in determining the number of required square feet of inclusionary housing production. All new or rehabilitated units must meet all current zoning and general plan standards. (2) While the total number of square feet of inclusionary housing requirement is calculated based on the requirements of this ordinance, the number of units, bedrooms and other amenities on the proposed off-site inclusionary housing location shall be approved by the review authority commensurate with the size and type of units most in demand at the time of submittal of the application. (3) Any off-site affordable inclusionary housing project shall be substantially comparable to the market rate units included in the residential project in terms of quality of design, materials and finishes. (4) If tenants are displaced due to rehabilitation of housing to meet the inclusionary unit requirement, the developer shall be responsible for relocation costs as required by state law. Exhibit 3 - Without Redline Draft (5) No city, housing authority, or public funds, subsidies, or participation of any kind shall be expended on the production or building of any inclusionary housing projects associated with meeting the inclusionary unit requirement. (d) Timing of construction. All inclusionary units in a residential project or proposed off-site new inclusionary units or rehabilitated units shall be constructed concurrent with, or before the construction of the market rate units. If the city approves a phased project, a proportional share of the required inclusionary units shall be provided within each phase of the residential project. (e) Units for sale. (1) Time limit for inclusionary restrictions. A unit for sale shall be restricted to the target income level group at the applicable affordable housing cost in perpetuity. (2) Certification of purchasers. The developer and all subsequent owners of an inclusionary unit offered for sale shall certify, on a form provided by the city, the income of the purchaser and that such owners will live in such inclusionary unit as their primary residence. (3) Resale price control. In order to maintain the availability of inclusionary units required by this article, the resale price of an owner occupied inclusionary unit shall be limited to the lesser of the fair market value of the unit as established by a licensed real estate agent based upon three (3) comparable properties or the restricted resale price. For these purposes, the restricted resale price shall be the applicable affordable housing cost. (4) Inheritance of inclusionary units. Upon the death of an owner of an owner-occupied inclusionary unit, title in the property may transfer to the surviving joint tenant or heir (in the case of the death of a sole owner or all owners of the household). (5) Forfeiture. If an inclusionary unit for sale is sold for an amount in excess of the resale price controls required by this section, the buyer and the seller shall be jointly and severally liable to the city for the amount in excess of the affordable housing cost at the time of such sale of the inclusionary unit. Recovered funds shall be deposited into the inclusionary housing fund. Notwithstanding the foregoing, city may allow the buyer and seller to cure any violation of the resale price controls within one hundred eighty (180) days. (f) Rental units. (1) Time limit for inclusionary restrictions. A rental inclusionary unit shall remain restricted to the target income level group at the applicable affordable housing cost in perpetuity. (2) Certification of renters. The owner of any rental inclusionary unit shall certify, on a form provided by the city, the income of all members of the household above the age of eighteen (18) at the time of the initial rental and annually thereafter. (3) Forfeiture. Any lessor who leases an inclusionary unit in violation of this article shall be required to forfeit to the city all money so obtained. Recovered funds shall be deposited into the inclusionary housing fund. (g) Execution and recording of documents. The executive director may require the execution and recording of whatever documents are required to ensure enforcement of this section; including, but not limited to, promissory notes, deeds of trust, resale restrictions, rights of first refusal, options to purchase, and/or other documents, which shall be recorded against all inclusionary units. (h) General prohibitions. (1) No person shall sell or rent an inclusionary unit at a price or rent in excess of the maximum amount allowed by any restriction placed on the unit in accordance with this article. (2) No person shall sell or rent an inclusionary unit to a person or persons that do not meet the income restrictions placed on the unit in accordance with this article. (3) No person shall provide false or materially incomplete information to the city or to a seller or lessor of an inclusionary unit to obtain occupancy of housing for which that person is not eligible. Exhibit 3 - Without Redline Draft (i) Principal residency requirement. (1) The owner or lessee of an inclusionary unit shall reside in the unit for not less than ten (10) out of every twelve (12) months. (2) No owner or lessee of an inclusionary unit shall lease or sublease, as applicable, an inclusionary unit without the prior permission of the executive director. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1907. - Reserved. Sec. 41-1908. - Enforcement. (a) Violation. Any violation of this article constitutes a misdemeanor. (b) Forfeiture of funds. Any individual who sells an inclusionary unit in violation of this article shall be required to forfeit any money in excess of the affordable housing cost at such time. Any individual who rents an inclusionary unit in violation of this article shall be required to forfeit all money so obtained. Recovered funds shall be deposited into the inclusionary housing fund. (c) Legal actions. The city may institute any appropriate legal actions or proceedings necessary to ensure compliance with this article, including actions: (1) To disapprove, revoke, or suspend any permit, including a building permit, certificate of occupancy, or discretionary approval; and (2) For injunctive relief or damages. (d) Recovery of costs. In any action to enforce this article, or an inclusionary housing agreement recorded hereunder, the city shall be entitled to recover its reasonable attorney's fees and costs. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1909. - Inclusionary housing fund. (a) Inclusionary housing fund. There is hereby established a separate fund of the city, to be known as the inclusionary housing fund. All monies collected pursuant to this article shall be deposited in the inclusionary housing fund. Additional monies from other sources may be deposited in the inclusionary housing fund. The monies deposited in the inclusionary housing fund shall be subject to the following conditions: (1) Monies deposited into the inclusionary housing fund must be used to increase and improve the supply of housing affordable to moderate, low, very low, and extremely low income households in the city as specified in the city's affordable housing funds policies and procedures. A priority will be on the creation of new affordable housing opportunities for large families currently living in the City. Other eligible uses of the inclusionary housing fund include but are not limited to: (i) Create affordable units from the existing market rate housing stock including but not limited to, the purchase and rehabilitation of units. (ii) Pay for one-time programs for code enforcement, quality of life, and general health and safety activities. (iii) Cover reasonable administrative or related expenses associated with the administration of this article. (iv) Implement and promote programs addressing housing security, eviction prevention, and housing legal assistance for city residents. Exhibit 3 - Without Redline Draft (2) The fund shall be administered by the executive director, or his or her designee, who may develop procedures in the city's affordable housing funds policies and procedures to implement the purposes of the inclusionary housing fund consistent with the requirements of this article and any adopted budget of the city. (3) Monies deposited in accordance with this section shall be used in accordance with the affordable housing funds policies and procedures, housing element, consolidated plan, or subsequent plan adopted by the city council to construct, rehabilitate, or subsidize affordable housing or to recapture affordable housing at risk of market conversion, or to assist other government entities, private organizations, or individuals to do so. Permissible uses include, but are not limited to, assistance to housing development corporations, equity participation loans, grants, pre-home ownership co-investment, pre-development loan funds, participation leases, or other public- private partnership arrangements. The inclusionary housing fund may be used for the benefit of both rental and owner-occupied housing. (4) A developer receiving funding from the inclusionary housing fund shall implement a local preference in their resident selection criteria and marketing policies meeting guidelines established by the executive director. (5) A developer opting for the in lieu payment option or receiving funding from the inclusionary housing fund, as well as its contractors and subcontractors at every tier performing work for the new housing units is encouraged and should provide an enforceable commitment that a skilled and trained workforce will be used to complete a contract or project in accordance with Public Contract Code §§ 2601—2602. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Sec. 41-1910. - Administrative. (a) In-lieu fee calculation. The amount per square foot of the inclusionary housing in-lieu fee shall be subject to city council review and consideration from time to time. (b) Prior projects. The applicant(s) of any project for which a site plan review application was submitted and such application was deemed complete prior to August 4, 2015, may either construct the inclusionary units pursuant to the prior housing opportunity ordinance (Ordinance No. NS-2825) or pay an in lieu fee calculated by the formula under the prior housing opportunity ordinance (Ordinance No. NS-2825) or request to revise its inclusionary housing plan and/or inclusionary housing agreement and pay an in-lieu fee of nine dollars and thirty-five cents ($9.35) per square foot of habitable space for the entire project's inclusionary housing obligation. (c) Administration fees. The council may by resolution establish reasonable fees and deposits for the administration of this article including an annual monitoring fee and an inclusionary housing plan submittal fee. (d) Monitoring/audits. At the time of initial occupancy, and annually thereafter, the city will monitor the project to ensure that the income verifications are correct and in compliance with the inclusionary housing administrative procedures. For ownership units, the city shall monitor to verify that owner- occupancy requirements are maintained. Developer/property owners are required to cooperate with the city in promptly providing all information requested by the city in monitoring compliance with program requirements. The city will conduct periodic random quality control audits of inclusionary units to assure compliance with rules and requirements. Such audits may include verification of continued occupancy in inclusionary units by eligible tenants, compliance with the inclusionary housing plan and agreement, and physical inspections of the residential project. (e) Administrative procedures. The city manager is hereby authorized and directed to promulgate administrative procedures for the implementation of this article. ( Ord. No. NS-2881, § 2, 9-1-15 ; Ord. No. NS-2885, § 2, 10-6-15 ; Ord. No. NS-2994 , § 3, 9-1-20) Exhibit 3 - Without Redline Draft Secs. 41-1911—41-1999. - Reserved. Exhibit 3 - Without Redline Draft CITY COUNCIL HOUSING AD HOC COMMITTEE PROGRESS REPORT & HOO RECOMMENDATIONS J U LY 61 2021 PURPOSE For the City Council to: Receive a report on the progress of the Housing Ad Hoc Committee Discuss the changes recommended by the Committee to the Housing Opportunity Ordinance Provide direction to staff HOUSING AD HOC COMMITTEE Progress & Recap Mayor & City Council formed the Housing Ad Hoc Committee on March 2, 2021 Key Affordable Housing Discussion Topics a. Housing Opportunity Ordinance b. Rent Stabilization/Rent Control c. Just Cause Eviction Policies d. Forms of land ownership e. Fee Reductions f. Regulatory Streamlining Recommending changes to the HOO Committee will return with additional recommendations regarding rent stabilization & rent control and just cause evictions policies Remaining topics (d-f) to be evaluated and considered as part of the General Plan and Housing Element updates The Gap: Rent & Income 40% 30% 20% 10% 0% f 10% 20% 2006 2010 2015 2019 2006 2010 2015 2019 Orange County, California Santa Ana, California Cumulative % Change (Rent) —Cumulative % Change (Income) Housing Wage to Afford 2- Bedroom Multi -Family Rental Unit Pa` $30.72 •i I • 92706• s 92703 92701 $28.30 30.90 92704 39.32 32.57 36.14 705 a< Legend Housing Starts 2010 — 2020 SFD (383 points) RDU (106 points) MF2-4 (21 points) MF5, (851 points) Housing Wage for 2-bedroom unit 28 30 28.31 - $30.90 30.91 - $32,57 32.58 - $39.32 DJN 0. 5 0 1 M fles 3-Bedroom Affordability for 5- Person Families, by Zip Code 92707 92706 l 061 92704 92703 _ 92701 L 92701 92703 92704 92705 92706 92707 Subsidized 51 117 - - 16 18 NOAH 43 1 2 1 5 Unaffordable 55 46 133 118 150 128 Market + No rate data 87 26 16 2 4 16 92705 a` 2% 92706 10% 701 703 0 40% - r 1% 92704 2% 92707 92705 kG asp Legend Percent of Units Affordable 0.00% - 10.00 Omni 10,01%-25-00% 25-01'A - 45.00% 45.%- 0N 0- 5 0 Miles KEY HOO PROVISIONS & COMMITTEE RECOMMENDED CHANGES Residential projects with 20 or more units Increase in the residential density prescribed by the General Plan or mixed -use development standards Conversions of rental units to condominium ownership Applies to only incremental units above the permitted density Requires construction on site if the project will displace existing low & very low income households 10% Moderate Income (81-120%AMI) 15% Low Income (51-80% AMI) 10% Very Low Income (31-50% AMI) Build onsite Build offsite Rehabilitate existing housing stock In -Lieu Fee: $5/sf No Change Include increase in the residential density permitted by the zoning classification Inclusive of all City initiated General Plan Amendments and Zone Changes after November 28, 2011 5% Extremely Low Income (0-30% AMI) category for Units for Rent Set In -Lieu Fee at $15/sf AdditionalIn addition to existing eligible uses the inclusionary enhancements housing fund, prioritize housing security, eviction prevention, housing legal assistance, and programs promoting creation of large bedroom units and focusing on extremely low income families. Supportable In -Lieu Fee 17.10 to $17.80/Sq. Ft. of Leasable Area 13.00/Sq. Ft. of Saleable Area 2021 In -Lieu Fee Analysis by KMA City Council Discussion