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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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Last modified
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 3 <br />ESTIMATED FINANCIAL GAP <br />FOR-SALE: 30 LOW INCOME UNITS & 10 MODERATE INCOME UNITS <br />HABITAT FOR HUMANITY - ALTON <br />SANTA ANA, CALIFORNIA <br />I.Total Development Costs See TABLE 1 $27,281,000 <br />II.(Less) Estimated Available Revenue See TABLE 2 ($17,438,000) <br />III.Estimated Financial Gap 40 Units $246,100 /Unit $9,843,000 <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Alton_12 6 24; Pf <br />EXHIBIT 3
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