The project site totals approximately 2.1 gross acres (91,503 square feet) and includes one parcel (APN 167-391-24). The site is currently developed with Our Lady of Guadalupe that is a 62 plus senior apartment building with 71 studio and 1-bedroom senior apartments and three stories in height. The building totals approximately 50,932 square feet. The discretionary actions required from the City of Fountain Valley include a General Plan Amendment (GPA) from General Commercial to High Density Residential, a Zone Change (ZC) from C-1 (Local Business) to R4 (High Density Multiple Dwelling), Density Bonus of 47.6 dwelling units/acre, Precise Plan for the construction of a new building, a Conditional Use Permit (CUP) for a multiple dwelling in the R4 zone and a Density Bonus and Affordable Housing Agreement. The project applicant proposes the development of 29 low-income senior independent living units in an 18,039 square foot, two-story building on the 2.1 acre site. The two-story building consists of one separate building that is connected by a second floor corridor. The project proposes 14 independent units on the first floor that totals 6,538 square feet of living space and 15 independent units on the second floor that total 6,960 square feet of living space for a total of 13,498 square feet of living space. The project proposes 68 parking spaces, which includes retaining 25 existing spaces, 21 relocated spaces and 22 new parking spaces. Access to the project site would be from Magnolia Avenue that extends along and forms the east project boundary.