Laserfiche WebLink
TABLE 2 <br />STABILIZED NET OPERATING INCOME <br />FRANCIS XAVIER RESIDENCE <br />SANTA ANA, CALIFORNIA <br />I.Gross Residential Income 1 <br />Manager's Unit 1 Unit $0 /Unit/Month $0 <br />ELI H&SC/PBV <br />1-Bedroom Units @ (500-Sf)3 Units $249 /Unit/Month 9,000 <br />ELI H&SC/NPLH @ 25% Median/SNHP/NPLH COSR <br />1-Bedroom Units @ (500-Sf)8 Units $249 /Unit/Month 23,900 <br />ELI H&SC/SNHP @ 25% Median <br />1-Bedroom Units @ (500-Sf)1 Unit $249 /Unit/Month 3,000 <br />ELI H&SC/SNHP @ 30% Median/SNHP COSR <br />1-Bedroom Units @ (500-Sf)4 Units $249 /Unit/Month 12,000 <br />PBV/COSR Subsidies <br />ELI H&SC/PBV <br />1-Bedroom Units @ (500-Sf)3 Units $1,469 /Unit/Month 52,900 <br />NPLH COSR 2 8 Units 65,000 <br />SNHP COSR 2 4 Units 32,500 <br />Gross Income 17 Units $198,300 <br />Laundry/Miscellaneous Income 17 Units $26 /Unit/Month 5,300 <br />(Less) Vacancy Allowance 7.0%Tenant-Paid Income + PBV Subsidy (7,400) <br />Effective Gross Income $196,200 <br />II.Operating Expenses <br />General Operating Expenses 17 Units $5,656 /Unit $96,200 <br />Property Taxes 3 17 Units $318 /Unit 5,400 <br />Supportive Services 16 Units $3,540 /Affordable Unit 56,600 <br />NLPH Annual Fee 4 $1,563,000 NPLH Loan 0.42%NPLH Loan 6,600 <br />SNHP Annual Fee 5 7,500 <br />Replacement Reserve 17 Units $500 /Unit 8,500 <br />Total Operating Expenses 17 Units $10,635 /Unit $180,800 <br />III.Net Operating Income $15,400 <br />1 <br />2 <br />3 <br />4 <br />5 Based on the requirements of the Special Needs Housing Program (SNHP). <br />Based on the assumption that the Developer will receive the property tax abatement accorded to non-profit housing organizations that own and <br />operate apartment units restricted to households earning less than 80% of the area median income. <br />Based on the requirements of the No Place Like Home (NPLH) Program. <br />Based on Orange County 2021 Incomes distributed by HUD/HCD. As pertinent, the rents are based on rents published in 2021 by HCD, CA H&SC <br />Section 50053, and 30% of SSI. Utility Allowances per the Developer: $31 for 1-Bdrm units. <br />Per KMA COSR analysis. See TABLE 5. The final amounts will be determined by HCD and CalHFA. <br />Prepared by: Keyser Marston Associates, Inc. <br />Filename: Francis Xavier Residence PF_8 27 21.xlsm; Pro Forma_w 3 PBV; trb 2 of 12 <br />EXHIBIT 3