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EXHIBIT 1 <br />2009 -2017 Rent History for Orange County <br />Historically the Utility Allowances have Increased <br />creating a situation where the net rents charged to <br />the tenants decreased in years where there is not <br />increase in the published gross rents <br />80A-7 <br />Increase <br />1.30% <br />-3.49% <br />1.33% <br />2.25% <br />0.00% <br />0.00% <br />0.00% <br />0.92% <br />50% AMI TCAC Rents <br />Very <br />Low HCD rents <br />2bed <br />Increase <br />3bed <br />Increase <br />2bed <br />Increase 3 <br />bed <br />2009 $ <br />1,046 <br />$ <br />1,208 <br />$ <br />969 <br />$ <br />1,076 <br />2010 $ <br />1,046 <br />0% $ <br />1,208 <br />0% <br />$ <br />981 <br />1.24% $ <br />1,090 <br />2011 $ <br />1,046 <br />0% $ <br />1,208 <br />0% <br />$ <br />947 <br />-3.47% $ <br />1,052 <br />2012 $ <br />1,083 <br />3.54% $ <br />1,252 <br />3.64% <br />$ <br />959 <br />1.27% $ <br />1,066 <br />2013 $ <br />1,083 <br />0% $ <br />1,252 <br />091 <br />$ <br />981 <br />2.29% $ <br />1,090 <br />2014 $ <br />1,083 <br />0% $ <br />1,252 <br />0% <br />$ <br />981 <br />0.00% $ <br />1,090 <br />2015 $ <br />1,083 <br />0% $ <br />1,252 <br />0% <br />$ <br />981 <br />0.00% $ <br />1,090 <br />2016 $ <br />1,097 <br />1.29% $ <br />1,267 <br />1.20% <br />$ <br />981 <br />0.00% $ <br />1,090 <br />2017 $ <br />1,173 <br />6.93% $ <br />1,356 <br />7.02% <br />$ <br />990 <br />0.92% $ <br />1,100 <br />Historically the Utility Allowances have Increased <br />creating a situation where the net rents charged to <br />the tenants decreased in years where there is not <br />increase in the published gross rents <br />80A-7 <br />Increase <br />1.30% <br />-3.49% <br />1.33% <br />2.25% <br />0.00% <br />0.00% <br />0.00% <br />0.92% <br />