Laserfiche WebLink
Joint Public Hearing - DDA and Resolutions <br />March 21, 2011 <br />Page 3 <br /> No. of No. Beds AMI <br />Address Type of Unit Units 3 4 Low Mod <br />719 N. Concord Single Family 2 2 2 <br />812 N. Concord Single Family 1 1 1 <br />1314 Eastwood Single Family 1 1 1 <br />4809 W. Edinger Single Family 1 1 1 <br />4010, 4018, 4030, 4106 and <br />4110 W. McFadden <br />Att. Single Family <br />7 <br />3 3 <br />4 <br />3 <br />1029 McLean Single Family 1 1 1 <br />1114 S. Cypress Single Family 2 1 1 1 1 <br />1121 S. Cypress Single Family 1 1 1 <br />717 E. T Single Family 1 1 1 <br /> Totals 17 9 8 7 10 <br />Habitat agrees to construct all single family homes including landscaped front and rear yards. <br />Each of the homes will be sold to low- and moderate income households at an affordable price <br />ranging from approximately $166,000 to $385,000 to income-qualified households and will be <br />restricted for a period of at least forty-five years. The homes will consist of 3 and 4 bedrooms, 1 '/2 <br />to 2 '/2 bathrooms and range in size from approximately 1,300 square feet to 1,600 square feet. <br />Homes will be one or two-story with 2-car garages. All homes will provide sustainable amenities <br />such as water conserving plumbing fixtures, tank less water heaters, on-demand hot water system, <br />drought-resistant landscaping and high efficiency electrical fixtures. <br />Sources <br />Habitat Funding Sources $2,299,749 <br />Land Value $1,834,000 <br />Tax-Increment <br />$ 1,615,513 <br />Total $7,327,313 <br />Uses <br />Land Value $1,834,000 <br />Construction $ 3,544,115 <br />Soft Costs $ 835,925 <br />Developer Fee & Overhead $ 850,000 <br />Financing Costs $ 263,273 <br />Total $7,327,313 <br />Construction of these units will assist the City and Agency in meeting the Regional Housing Needs <br />Assessment (RHNA) goals identified in the Housing Element, Consolidated Plan and the <br />Implementation Plan. <br />8OA-3