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APPENDIX A - TABLE 5 <br />COST ALLOCATION WORKSHEET - STANDARD MODEL <br />VETERANS VILLAGE <br />SANTA ANA, CALIFORNIA <br />Step 1: Determine Comparability, Select Method of Cost Allocation Gross Res SF <br />Step 2: Proposed HOME Investment <br />Step 3: Calculate Actual Cost of HOME Units <br />Total Development Costs <br />Ineligible Development Costs <br />Unit -Specific Upgrades <br />Relocation Costs <br />Assign Relocation Exclusively to HOME Units? <br />Base Project Cost $461 /Sf Gross Residential SF <br />Assign Units # of Bdrms <br />1 2 <br />Unit Size <br />788 <br />Subtotal HOME Unit Costs <br />Add: Relocation Costs Allocated Exclusively to HOME Units (if applicable) <br />Actual Cost of HOME Units <br />Step 4: Calculate Maximum Project Subsidy <br />Unit Size <br /># of Units <br />Max Subsidy/Unit <br />0 Bedroom <br />0 <br />$147,074 <br />1 Bedroom <br />1 <br />$168,600 <br />2 Bedroom <br />1 <br />$205,017 <br />3 Bedroom <br />0 <br />$265,229 <br />Maximum Project Subsidy <br />Step 5: Maximum HOME Investment, Lesser of <br />Proposed Investment (Step 2) <br />Actual Cost of HOME Units (Step 3) <br />Maximum Project Subsidy (Step 4) <br />55,239 <br />$352,963 <br />$29,355,000 <br />(742,000) <br />0 <br />0 <br />N/A <br />$28,613,000 <br />Cost Unit <br />$363,454 <br />$363,454 <br />$0 <br />$363,454 <br />Maximum Subsidy <br />$0 <br />168,600 <br />205,017 <br />0 <br />$373,617 <br />$352,963 <br />$363,454 <br />$373,617 <br />Maximum HOME Investment 2 HOME Units $352,963 <br />Prepared by: Keyser Marston Associates, Inc. 25L-44 <br />Filename: Santa Ana VV - 2018 4% Model - 08.14.18; Cost Allocation; jlr <br />EXHIBIT 2 <br />