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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 />9 FOR-SALE MODERATE INCOME UNITS <br />HABITAT FOR HUMANITY - WELLINGTON <br />SANTA ANA, CALIFORNIA <br />I.Affordable Sales Revenue 1 <br />Moderate Income: One-Bedroom Units 8 Units $310,400 /Unit $2,483,200 <br />Moderate Income: Two-Bedroom Unit 1 Unit $350,500 /Unit 350,500 <br />Total Affordable Sales Revenue $2,833,700 <br />II.Rental Income 2 $229,700 <br />III.Habitat Financial Assistance 9 Units $65,600 $590,800 <br />IV.Estimated Available Revenue 9 Units $406,020 /Unit $3,654,200 <br />1 See TABLE 5 for the KMA affordable sales price calculations. <br />2 Per Habitat. <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Wellington_2 10 25; Pf <br />EXHIBIT 5
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