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EXHIBIT 1 <br />Judson Brown, City of Santa Ana March 1, 2017 <br />Santa Ana Arts Collective: Financial Gap Analysis page 11 <br />Achievable Rent Income <br />The rents used in this analysis are based on 2016 Information published by ICAC and the HOME <br />Program. The maximum allowable rents, net of the appropriate utility allowances, are <br />estimated as follows:' <br />'The monthly utility allowances are estimated at: $42 for one -bedroom units; $52 for two-bedroom units; <br />and $79 for three-bedroom units. <br />1703001:5NA:TRB <br />19090.014.007 <br />FO ' <br />One- <br />Two- <br />Three - <br />Bedroom <br />Bedroom <br />Bedroom <br />Rent Restriction <br />Units <br />Units <br />Units <br />Low HOME / TC @ 30% Median <br />HOME Rents <br />$872 <br />$1,045 <br />$1,188 <br />TCAC Rents <br />$506 <br />$606 <br />$681 <br />Applicable Rents <br />$506 <br />$606 <br />$681 <br />Low HOME/TC @ 35% Median <br />HOME Rents <br />$872 <br />TCAC Rents <br />$598 <br />Applicable Rents <br />$558 <br />Low HOME /TC @ 40% Median <br />HOME Rents <br />$872 <br />TCAC Rents <br />$689 <br />Applicable Rents <br />$689 <br />Low HOME/TC @ 60% Median <br />HOME Rents <br />$1,395 <br />$1,584 <br />TCAC Rents <br />$1,265 <br />$1,442 <br />Applicable Rents <br />$1,265 <br />$1,442 <br />'The monthly utility allowances are estimated at: $42 for one -bedroom units; $52 for two-bedroom units; <br />and $79 for three-bedroom units. <br />1703001:5NA:TRB <br />19090.014.007 <br />FO ' <br />