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<br />AFFORDABLE SALES PRICE CALCULATIONS
<br />2021 INCOME STANDARDS
<br />OWNERSHIP HOUSING DEVELOPMENT
<br />HOO: IN -LIEU FEE ANALYSIS
<br />SANTA ANA, CALIFORNIA
<br />I. Income Information
<br />Area Median Income
<br />Household Income as a Percentage of AMI
<br />Benchmark Household Income
<br />Percentage of Income Allotted to Horsing Expenses
<br />Income Allotted to Housing Expenses
<br />II. Expenses
<br />Annual Utilities Allowance
<br />HOA, Maintenance & Insurance
<br />Property Taxes @ 1.16% of Affordable Sales Price
<br />Total Expenses
<br />III. Income Available for Mortgage
<br />IV. Affordable Sales Price
<br />Supportable Mtg @ 3.880u Interest
<br />Home Buyer Down Payment @ 59/Aff Sales Price
<br />Affordable Sales Price
<br />V. Estimated Achievable Price
<br />r
<br />Condominium & Townhorne Units
<br />Three -Bedroom four -Bedroom
<br />Units Units
<br />z $106,700
<br />$11S,2SO
<br />110%
<br />110%
<br />$1173170
<br />$126,775
<br />35%
<br />35%
<br />S41,080 S44,371
<br />$2,976
<br />$3,756
<br />3,360
<br />3,600
<br />6,180
<br />6,580
<br />$12,S16
<br />$13,936
<br />$29,Sb4
<br />$20,435
<br />° SS05,900
<br />5539,000
<br />26,600
<br />28,400
<br />$532,S00
<br />$S67,400
<br />s $423,nnn
<br />$542,S00
<br />Single Family Horne_s
<br />Four -Bedroom five-Betlroom
<br />Units Units
<br />$106,700
<br />$115,2SO
<br />110%
<br />110%
<br />$117,370
<br />$126,775
<br />35%
<br />35%
<br />$41,080 S44371
<br />$3,756
<br />$3,790
<br />1,920
<br />2,160
<br />6,300
<br />6,830
<br />$11,976
<br />$12,770
<br />529,104
<br />$31,601
<br />5515,400
<br />$559,700
<br />27,100
<br />29,SOD
<br />$S42,500
<br />$589,200
<br />- Based on 2021 Orange County household incomes published by the California Housing & Community Development Department (HCD). The
<br />Affordahle Sales Price CalCulations are based on the California Health and Safety Code Section SOOS25 methodology.
<br />z Based on the I I&SC Section 500525 that sets the benchnrarle h011LI1UId sizes equal to the nurnber of bedrourns in the unit plus one.
<br />11tili6es allowances are based on the Urange County Housing Authority utility allowances effective as of 12/l/70. Assurnes: Gas Cooking, 6a3
<br />Heating., and Gas Water Heater; Basic Electric; Water, Sewer; and Trash.
<br />° Based on a 50 basis points premium applied to the Dankrate site average APR as of June 17, 2021 for a fixed -interest rate loan with a 30-year
<br />amortization period
<br />Prepared by: Keyser Y UY r.M1du WL 28 - 35 7/6/2021
<br />Ftic name 62421 SA'. 100 Own; ASP
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