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Pa~ 9ofll <br /> <br />Attachment A <br /> <br />Summary of Housing Development Scenarios <br /> <br />1. Market Rate Multi-F~milv Pro_'~u~ <br /> <br />Source: Atchatone Communities <br /> <br />130 uaits total <br />19 ~ffordable unirt pet the inclusionary zoning ordinance <br />M~imum density with 4 story podium building over parkin~ <br />No substantial amenities, such as pools, e~c., in consUuction cost <br /> <br />Unit Mix (1/1 = 1 bed~l bath, eto) <br /> <br />1/1 $1 <br />2/2 51 <br />3/2 9 <br />Afford 1/I 9 <br />Afford 2/2 9 <br />Afford 3/2 1 <br /> <br />Montldv Rent <br /> $1,625 <br /> $1,925 <br /> <br /> $596-very low income, $723Jomvinmme <br /> $709-very Iow income, $861 low income <br /> $994 low income <br /> <br />Total project cost: <br /> <br />Total hard construction costs: <br />Other costs: <br />Stabilized annual cash flow: <br /> <br />$ 4,500,000 <br />$17,200,000 <br />$ 6,700,000 <br />$ 2,051,606 <br /> <br />Project yield: 7.22.~ <br />Required yield: 9.5-10% <br /> <br />2-A. Hinh De*-r~itv Affnrd*~l~. Multi-Family Pm~e~' <br /> <br />Source: Established Bay Area non-profit affordable housing sponsor <br /> <br />130 units total <br />65 low income units (affordnble to families with 60~ of medium income) <br />65 very low income ~ (a~fordable to families with 50% of medium in~mne) <br />Maximum density with 4 story podium building over parking <br /> <br /> <br />