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APPENDIX A - TABLE 5
<br />COST ALLOCATION WORKSHEET - STANDARD MODEL
<br />SANTA ANA ARTS COLLECTIVE
<br />SANTA ANA, CALIFORNIA
<br />Step 1: Determine Comparability, Select Method of Cost Allocation Gross Res SF 53,702
<br />Step 2: Proposed HOME Investment $2,627,631
<br />Step 3: Calculate Actual Cost of HOME Units
<br />Total Development Costs $35,845,177
<br />Ineligible Development Costs (1,571,790)
<br />Unit -Specific Upgrades 0
<br />Relocation Costs 1,473,000
<br />Assign Relocation Exclusively to HOME Units? NO
<br />Base Project Cost $638
<br />/Sf Gross Residential SF
<br />$34,273,387
<br />Assign Units ft of Bdrms
<br />Unit Size
<br />Cost Unit
<br />1 1
<br />624
<br />$398,246
<br />2 1
<br />624
<br />398,246
<br />3 1
<br />624
<br />398,246
<br />4 3
<br />1,214
<br />774,792
<br />5 3
<br />1,248
<br />796,492
<br />6 3
<br />1,298
<br />828,402
<br />7 3
<br />1,274
<br />813,085
<br />8 3
<br />1,302
<br />830,955
<br />9 3
<br />1,274
<br />813,085
<br />10 3
<br />1,302
<br />830,955
<br />11 3
<br />1,274
<br />813.085
<br />Subtotal HOME Unit Costs
<br />$7,695,589
<br />Add: Relocation Costs Allocated Exclusively to HOME Units (if applicable)
<br />$0
<br />Actual Cost of HOME Units $7,695,589
<br />Step 4: Calculate Maximum Project Subsidy
<br />Proposed Investment (Step 2)
<br />$2,627,631
<br />Unit Size
<br />p of Units
<br />Max Subsidy/Unit
<br />Maximum Subsidy
<br />0 Bedroom
<br />0
<br />$147,074
<br />$0
<br />1 Bedroom
<br />3
<br />$168,600
<br />505,800
<br />2 Bedroom
<br />0
<br />$205,502
<br />0
<br />3 Bedroom
<br />8
<br />$265,229
<br />2,121,832
<br />Maximum Project Subsidy
<br />11
<br />$2,627,632
<br />Step 5: Maximum HOME Investment, Lesser of
<br />Proposed Investment (Step 2)
<br />$2,627,631
<br />Actual Cost of HOME Units (Step 3)
<br />$7,695,589
<br />Maximum Project Subsidy (Step 4)
<br />$2,627,632
<br />Maximum HOME Investment
<br />11 HOME Units $2,627,631
<br />Prepared by: Keyser Marston Associates, Inc.
<br />Filename: Meta -8 618; HOME; trb 25J-57
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