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TABLE 1 <br />PRELIMINARY HOME-ARP COST ALLOCATION WORKSHEET - STANDARD MODEL <br />WISEPLACE PSH PROJECT <br />SANTA ANA, CALIFORNIA <br />Step 1: Determine Comparability, Select Method of Cost Allocation Net Residential SF 20,267 <br />Step 2: Proposed HOME-ARP Investment 1 $5,256,327 <br />Step 3: Calculate Actual Cost of HOME-ARP Units <br />Total Development Costs 1 $28,785,652 <br />Ineligible Development Costs 2 (4,261,666) <br />Unit-Specific Upgrades 0 <br />Relocation Costs 0 <br />Assign Relocation Exclusively to HOME Units?NA <br />Base Project Cost $1,210 /Sf Gross Residential SF $24,523,986 <br />Number of Units # of Bdrms Unit Size Cost/Unit Total HOME-ARP Costs <br />34 Studio 400 $484,018 $16,456,615 <br />Subtotal HOME Unit Costs $16,456,615 <br />Add: Relocation Costs Allocated Exclusively to HOME-ARP Units (if applicable)$0 <br />Actual Cost of HOME-ARP Units $16,456,615 <br />Step 4: Calculate Maximum Project Subsidy <br />Unit Size # of Units 2022 Max Subsidy/Unit Maximum Subsidy <br />0 Bedroom 34 $159,754 $5,431,636 <br />1 Bedroom 0 $183,132 0 <br />2 Bedroom 0 $222,694 0 <br />3 Bedroom 0 $288,094 0 <br />4 Bedroom 0 $316,236 0 <br />Maximum Project Subsidy 34 $5,431,636 <br />Step 5: Maximum HOME-ARP Investment, Lesser of <br />Proposed Investment (Step 2)$5,256,327 <br />Actual Cost of HOME Units (Step 3)$16,456,615 <br />Maximum Project Subsidy (Step 4)$5,431,636 <br />Maximum HOME-ARP Investment 34 HOME-ARP Units $5,256,327 <br />1 <br />2 <br />Includes $0 in Santa Ana Project Delivery costs. <br />The ineligibe costs include: off-site improvements, community building, capitalized reserves and furnishings. <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Santa Ana Wiseplace_6 4 22.xlsx; HOME-ARP; trb <br />EXHIBIT 3