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<br />TABLE 4
<br />HOME COST ALLOCATION WORKSHEET - STANDARD MODEL
<br />1126-46 EAST WASHINGTON AVENUE
<br />SANTA ANA, CALIFORNIA
<br />Step 1: Determine Comparability, Select Method of Cost Allocation
<br />Step 2: Proposed HOME Investment
<br />Step 3: Calculate Actual Cost of HOME Units
<br />Total Development Costs '
<br />Ineligible Development Costs z
<br />Unit -Specific Upgrades
<br />Relocation Costs
<br />Assign Relocation Exclusively to HOME Units?
<br />Net Residential SF 65,900
<br />$3,007,489
<br />$38,733,621
<br />(1,290,817)
<br />0
<br />0
<br />NA
<br />Base Project Cost
<br />$568 /Sf Gross Residential SF
<br />$37,442,804
<br />Asstan Units
<br /># of Bdrms
<br />Unit Size
<br />Cost Unit
<br />1
<br />Studio
<br />400
<br />$227,270
<br />2
<br />Studio
<br />400
<br />$227,270
<br />3
<br />Studio
<br />400
<br />$227,270
<br />4
<br />1
<br />500
<br />$284,088
<br />5
<br />1
<br />Soo
<br />$284,088
<br />6
<br />1
<br />500
<br />$284,088
<br />7
<br />1
<br />500
<br />$284,088
<br />8
<br />2
<br />850
<br />$482,950
<br />9
<br />2
<br />850
<br />$482,950
<br />10
<br />2
<br />850
<br />$482,950
<br />11
<br />2
<br />850
<br />$482,950
<br />12
<br />3
<br />1,100
<br />$624,994
<br />13
<br />3
<br />1,100
<br />$624,994
<br />14
<br />3
<br />1,100
<br />$624,994
<br />15
<br />4
<br />1,300
<br />$738,629
<br />Subtotal HOME Unit Costs $6,363,572
<br />Add: Relocation Costs Allocated Exclusively to HOME Units (if applicable) $0
<br />Actual Cost of HOME Units $6,363,572
<br />Step 4: Calculate Maximum Project Subsidy
<br />Unit Size
<br /># of Units
<br />Max Subsidy/Unit
<br />Maximum Subsidy
<br />0 Bedroom
<br />3
<br />$147,074
<br />$441,222
<br />1 Bedroom
<br />4
<br />$168,600
<br />674,400
<br />2 Bedroom
<br />4
<br />$205,502
<br />822,008
<br />3 Bedroom
<br />3
<br />$265,229
<br />795,687
<br />4 Bedroom
<br />1
<br />$291,114
<br />291,114
<br />Maximum Project Subsidy
<br />15
<br />$3,024,431
<br />Step 5: Maximum HOME Investment, Lesser of
<br />Proposed Investment (Step 2) $3,007,489
<br />Actual Cost of HOME Units (Step 3) $6,363,572
<br />Maximum Project Subsidy (Step 4) $3,024,431
<br />Maximum HOME Investment 15 HOME Units $3,007,489
<br />The ineligibe costs include: off -site improvements, capitalized reserves and furnishings.
<br />Prepared by: Keyser Marston Associates, Inc.
<br />Filename: 1126-46 E Washington_5 22 19; HOME; trb 80 B-36
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