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3 - NAN MCKAY AGREEMENT_2019-07-02
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3 - NAN MCKAY AGREEMENT_2019-07-02
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7/18/2019 10:57:14 AM
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7/18/2019 10:39:20 AM
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City Clerk
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Community Development
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3
Date
7/2/2019
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EXHIBIT 1 <br />n"nzi <br />Nan McKay <br />s N D A S!, Q is l 4 r! S :NC.- <br />4.2 Rent Reasonable Valuation Report <br />Upon the selection of the desired comparable properties, Gob will produce a Rent Reasonableness <br />Certification. This report will automatically analyze all the characteristics and amenities of both the <br />subject property and the comparable units. It will then determine any adjustments that are needed to <br />the comparable properties and calculate these adjustments using the dollar amounts provided in the <br />Market Assumption and Rent Reasonableness Methodology Worksheet (MARRM). <br />The rent reasonable certification accounts for all nine (9) of HUD 24CFR 982.507(b) including: <br />1. Location <br />a. 2 miles — Urban Areas <br />b. Neighborhood amenities (e.g. stores, transportation, etc.) <br />2. Quality <br />a. Construction and building materials <br />3. Size <br />a. Square footage <br />b. Number of bedrooms <br />c. Number of baths <br />4. Unit Type <br />a. House, low-rise, high-rise, tri-plex, etc. <br />5. Age <br />G. Amenities <br />7. Housing services <br />8. Maintenance services <br />9. Utility responsibilities <br />In addition, the certification will give local market analysis of units in the Go8 system and will <br />provide the actual listing information in the system provided for each comparable unit. <br />The following is included with the 3-page PDF report. <br />Santa Ana Housing Authority <br />Informal Request for Proposals: Rent Reasonableness Software <br />]7 <br />3-30 <br />
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