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Project Data Basis Calculations <br />Project Type Special Needs Total Eligible Basis $42,311,860 <br />County Orange Adjusted Threshold Basis Limit $49,190,316 <br />Site Control Type Ground Lease Total Eligible Basis as a % of Threshold Basis Limit 86.02% <br />Total Units 86 <br />Parking Spaces 120 Permanent Sources Interest Rate Term (Years)Amount Debt Service <br />Land Area 2.29 Acres Tax Credit Equity 24,696,393 n/a <br />Net Residential Area 65,130 SF Permanent Loan Note A 6.02%15 Yr / 40 Yr Amort 490,000 32,435 <br />Recreation Building 6,141 SF Permanent Loan Note B (SAHA PBV Tranche B Loan)6.02%15 Yr / 40 Yr Amort 4,894,000 323,949 <br />Retail Building/Space 1,443 SF Permanent Loan Note B (OCHA PBV Tranche B Loan)6.02%15 Yr / 40 Yr Amort 6,442,000 426,415 <br />Construction Months 16 Months City Residual Receipts Loan (Land Value)3.00%62 4,108,136 n/a <br />City Residual Receipts Loan 3.00%55 4,644,909 n/a <br />Orange County Residual Receipts Loan (Land Value)3.00%62 2,341,864 n/a <br />Operating Economic Assumptions Orange County PSH Loan 3.00%55 2,650,701 n/a <br />Residential Vacancy Rate (General Affordable Units)5.00%OCHFT MHSA Loan (2021 PSH NOFA)3.00%55 2,500,000 n/a <br />Residential Vacancy Rate (PSH Units)10.00%Housing Authority of the City of Santa Ana and County of Orange (Environmental Remediation Funding)300,000 n/a <br />Unit Weighted Vacancy 7.53%GP Equity 100 n/a <br />Retail Vacancy Rate 0.0%Total 53,068,103 782,799 <br />Income Inflator 3.0% <br />Expense Inflator 3.0%Sources and Uses <br />Property Tax Inflator 2.0%Total Permanent Sources 53,068,103 <br />Replacement Reserve Inflator (every 5 Years)10.0%Total Development Cost 53,068,103 <br />CPI 3.0%Over/(Under)- <br />Stabilized Cash Flow Year 1 Cost Efficiency / Credit Reduction / Public Funds <br />Gross Scheduled Rent 833,928 Cost Efficiency 13% <br />Project Based Voucher Overhang (OCHA)939,708 Credit Reduction 0% <br />Laundry Income 6,192 Public Funds Development Ratio 25% <br />Vacancy & Collection (134,704)38% <br />Effective Gross Income 1,645,124 <br />Operating Expenses (744,794) <br />Net Operating Income 900,330 <br />Debt Service (combined)(782,799)Cash Flow 117,532 <br />DCR 1.15 <br />Related Companies of California <br />PROJECT SUMMARY <br />The Crossroads at Washington - Updated Closing Proforma (v04r) <br />EXHIBIT 5