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Mt'. Brian Swift <br />May 16, 2001 <br />Page 10 of 11 <br /> <br />Mnxirnum financing through 4% tax credits and state (CHFA) tax exempt bonds <br /> <br />Unit Mix <br /> <br /> # of Units Monthly Rent <br />bedroom <br />low income 22 $72.3 <br />very low income 22 $596 <br />bedroom <br />low income 22 $851 <br />very low income 22 $709 <br />bedroom <br />low income 21 $994 <br />very low income 21 $818 <br /> <br />Total project cost: <br />Land cost: <br />Total hard construction costs: <br /> <br />$29.3oo,ooo <br />$ 4,S00,000 <br />$19,700,000 <br />$ 5,1oo,ooo <br /> <br />Maximum Bond Fmancing: <br />Maximum Tax Credit Investors: <br />Permanent Subsidy by the City: <br /> <br />$ 8,550,000 <br />$ 5, 5o,ooo <br />$1~,100,000 <br />$ 116,1S3 <br /> <br />2-B. Medium Density Affordable Mu[~ Fnmil¥ Project <br /> <br />Source: ~lished Bay Area non-pwfit affordable housing sponsor <br /> <br />70 units total <br />35 low income units (affordable to families with 60% of medium income) <br />35 very low income units (affordable to families with 50% of medium income) <br />Medium density with 2-3 story building <br />Maximum financing through 4% tax credits and state (CHFA) tax exempt bonds <br /> <br />Unit Mix <br /> <br /> # of Units Monthly Rent <br />1 bedroom <br />low income 11 $723 <br />very low income 11 $596 <br />2 bedroom <br />low income 11 $851 <br />very low income 11 $709 <br />3 bedroom <br /> <br /> <br />