My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 09 - Approve a Pre-Commitment of up to $920,000 in Inclusionary Housing Funds for Eligible Homebuyers to Purchase Nine (9) Existing Rental Units that will be coverted into Affordable Ownership Condominium Units Located at 425 E. Wellington Avenue
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2025
>
07/01/2025
>
Item 09 - Approve a Pre-Commitment of up to $920,000 in Inclusionary Housing Funds for Eligible Homebuyers to Purchase Nine (9) Existing Rental Units that will be coverted into Affordable Ownership Condominium Units Located at 425 E. Wellington Avenue
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/25/2025 1:35:50 PM
Creation date
6/25/2025 1:35:29 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
09
Date
7/1/2025
Destruction Year
P
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT 3 <br /> TABLE 3 <br /> ESTIMATED HABITAT FINANCIAL GAP <br /> 9 FOR-SALE MODERATE INCOME UNITS <br /> HABITAT FOR HUMANITY-WELLINGTON <br /> SANTA ANA,CALIFORNIA <br /> I. Total Development Costs See TABLE 1 $4,402,000 <br /> II. (Less)Estimated Available Revenue See TABLE 2 ($3,654,200) <br /> III. I Estimated Financial Gap 9 Units $83,100 /Unit $747,800 <br /> IV. Distribution of Proposed City Financial Assistance <br /> Proposed City Development Assistance 9 Low Inc. Units $80,000 /Mod Inc. Unit (720,000) <br /> Proposed City Relocation Assistance (200,000) <br /> Total Proposed City Financial Assistance 9 Units ($102,200) /Unit ($920,000) <br /> V. Estimated Additional Habitat Financial Gap <br /> Estimated Financial Gap $747,800 <br /> Proposed City Development Assistance 9 Low Inc. Units $80,000 /Mod Inc. Unit (720,000) <br /> Estimated Additional Habitat Financial Gap $27,800 <br /> Prepared by:Keyser Marston Associates,Inc. <br /> File name:Habitat Wellington_2 10 25;Pf <br />
The URL can be used to link to this page
Your browser does not support the video tag.