APPENDIX C
INCLUSIONARY HOUSING PROGRAM SURVEYS - ORANGE COUNTY
INCLUSIONARY HOUSING: FINANCIAL EVALUATION
COSTA MESA, CALIFORNIA
Prepared by: Keyser Marston Associates, Inc.
File name: 7 4 23 Inclusionary Survey; Orange Page 17 of 18 ATTACHMENT 3
-1-
On-site %
Varies
Threshold
Project Size % of AMI
Covenant
PeriodJurisdiction Compliance Options Set Aside %
Covenant
Period
Threshold
Project Size
Rental Development Ownership Development
% of AMI
10%
5 7.5% @ VL + 7.5%
@ Low
10 5 10% @ Low + 5%
@ Mod
55 45
Ordinance
applies to all
housing
projects.
50 unit
threshold for
the production
requirement
10 9% Mod or 6% VL
& Low
15% 30
110%
Low and
ModerateLaguna Beach
No
45 80%
5% @ 50% +
5% @ 80% +
5% @ 120%.
Defined credits for
deeper
affordability & #
of bedrooms.
5% @ 50% +
5% @ 80% +
5% @ 120%.
Defined credits for
deeper
affordability & #
of bedrooms.
Low and
Moderate
45 No
No
No
Laguna Woods
Calculated per project. The calculation
methodology is based on the average land
value in Irvine, the average density of
housing in Irvine, and a defined
predevelopment cost allowance.
Formula:
[(Land Value ÷ Density) + Predevelopment
Allowance] x Percentage Share of Cost
related to affordable units not being
produced
15%
120%
2-subdivision
3-other
3 2-subdivision
3-other
Create on-site units; create off-
site units; pay in-lieu fee;
acquisition/rehabilitation.
15%
Create on-site; pay in-lieu fee. 25%
3 Ordinance
applies to all
housing
projects.
50 unit
threshold for
the production
requirement
Irvine 30
45 La Habra $6.50 per square foot of total building area Create on-site units; create off-
site units; pay in-lieu fee;
donate land.
$247,317 per affordable rental unit.
$348,197 per affordable ownership unit or
lot.
55 No
Huntington Beach
In-lieu fee is allowed for ownership
housing developments that can prove to
the City Council's satisfaction that including
affordable units is financially infeasible.
The fee is calculated based on: the median
price of homes sold in Laguna Woods
during the last quarter of the previous
calendar year minus the affordable price
for a 2-bedroom unit.
Projects with fewer than 50
units can create on-site units;
convert market rate housing to
affordable housing; extend the
term of an existing affordable
project; pay in-lieu fee;
transfer units to a nonprofit
housing agency; create off-site
units; donate land. Projects
with 50+ units must produce
the affordable units on site.
20 Undefined
Percentages of
Very Low & Low
Income
55No 1010%
In-Lieu Fee
120%
Create on-site units; pay in-
lieu fee. City provides
incentives to mitigate the
impact of the requirement.
20 Create on-site units; create off-
site units; preserve or rehab
existing housing; pay in-lieu
fee.
Sliding Scale: 3 to 30 units. In-Lieu Fee
allowed for projects up to 100 units.
Rental: $3.58 to $35.80/SF Ownership:
$2.54 to $25.36/SF. The per SF
measurement caps at 2,000 SF.
Calculated per project. Based on the
Affordability GapBrea
APPENDIX C
INCLUSIONARY HOUSING PROGRAM SURVEYS - ORANGE COUNTY
INCLUSIONARY HOUSING: FINANCIAL EVALUATION
Prepared by: Keyser Marston Associates, Inc.
File name: 7 4 23 Inclusionary Survey; Orange Page 18 of 18 -2-
COSTA MESA, CALIFORNIA
3030
Threshold
Project Size % of AMI
Rental: 5% /
15% & Own:
5%
Santa Ana
Jurisdiction
San Clemente
No
Threshold
Project Size % of AMI
6 Only applies to changes in land
use and zoning designations.
Create on-site units; off-site
units; pay in-lieu fee.
55 Very Low
Covenant
Period
Very Low
San Juan Capistrano
No 60 du/ac + 2-
acre min. site
size
55 120%
Only applies to rezone
areas. Create on-site units;
create off-site units; pay in-
lieu fee; donate land.
Based on 90% of the Affordability Gap,
which is updated monthly based on
benchmark market prices
2 Set Aside %
Costa Mesa
4%
Based on the greater of 1% of construction
costs as determined by the Building
Division or 2% of the affordability gap
determined by the formula in the Housing
Element.
5 Ownership Development
6 55
Fee charged per sf of habitable area: 5-9:
$6.00; 10-14: $9.00; 15-19: $12; 20+: $15.
Discounts for use of skilled and trained
labor force
5 10% @ Low
or 5% @ VL
No 2
55 55 10 Moderate 45 (In-lieu fee study in progress) On-site %
Varies
Covenant
Period
No
15% @ Low or
10% @ VL or 5%
@ ELI or 5% Low +
3% VL +2% ELI
Rental: 10% or 5%
Own: in-lieu fee
Compliance Options
Create on-site units; create off-
site units; preserve or rehab
existing housing; pay in-lieu
fee; donate land.
10%
Create on-site units; create off-
site units, pay in-lieu fee;
donate land.
In-Lieu Fee
Rental Development