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Item 18 - Approve a Pre-Commitment for HOME Program Funds
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Item 18 - Approve a Pre-Commitment for HOME Program Funds
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2/26/2025 11:45:44 AM
Creation date
2/26/2025 9:38:26 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
18
Date
3/4/2025
Destruction Year
P
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TABLE 2 <br />ESTIMATED AVAILABLE REVENUE <br />FOR-SALE: 30 LOW INCOME UNITS & 10 MODERATE INCOME UNITS <br />HABITAT FOR HUMANITY - ALTON <br />SANTA ANA, CALIFORNIA <br />I.Affordable Sales Revenue <br />HOME Low Income - Three-Bedroom Units 1 30 Units $300,200 /Unit $9,006,000 <br />Moderate Income - Three-Bedroom Units 2 10 Units $389,500 /Unit 3,895,000 <br />Total Affordable Sales Revenue $12,901,000 <br />II.Habitat Financial Assistance 40 Units $113,400 /Unit $4,537,000 <br />III.Estimated Available Revenue 40 Units $435,950 /Unit $17,438,000 <br />1 See TABLE 6 for the KMA affordable sales price calculations. <br />2 Per Habitat. <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Alton_12 6 24; Pf <br />EXHIBIT 3
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