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Summary
<br />Project Name FX Residences
<br />Summary NPLH/SNHP/PBV
<br />Scope Unit Mix Units Percentage
<br />Units 17 Studio 0 0%
<br />Residential SF 8,975 1BD 17 100%
<br />Circulation 2BD 0%
<br />Common Space 5,346 3BD 0 0%
<br />Total SF 14,321 Total 17 100%
<br />Site Affordability Units Percentage
<br />Gross Area- Acres 0.34 25% AMI 9 44%
<br />Gross Area- SF 15,000 30% AMI 7 44%
<br />Lot Coverage 56%50% AMI 0 0%
<br />Footprint 8,382 60% AMI 0 0%
<br />Parking Spaces 12 Total 16 100%
<br />Parking- SF 2,623 Average Affordability 27.2%AMI
<br />Parking Spaces/Unit 0.71 Average Rent 249$
<br />Zoning Net Rent Range Low High
<br />Zoning- current UN-2 Studio
<br />Zoning- proposed UN-2 1BD 249$ 249$
<br />Allowable Density 2BD
<br />Density Bonus 3BD
<br />Max. Density with Bonus
<br />Max. Units 0 Summary of Costs Total Per Unit Per SF % of TDC
<br />Proposed Density 49.4 Land Costs 788,000$ 46,353$ 55$ 10%
<br />Hard Costs 4,932,174$ 290,128$ 344$ 64%
<br />Soft Costs 1,524,621$ 89,684$ 106$ 20%
<br />Notes Developer Fee 442,000$ 26,000$ 31$ 6%
<br />Total Development Costs 7,686,795$ 452,164$ 537$
<br />Development Costs Total Per Unit Per SF % of TDC
<br />Land & Acquisition 788,000$ 46,353$ 55$ 10%
<br />Construction 4,932,174$ 290,128$ 344$ 64%
<br />Local Fees 533,000$ 31,353$ 37$ 7%
<br />Financing Costs 328,997$ 19,353$ 23$ 4%
<br />Soft Costs 544,790$ 32,046$ 38$ 7%
<br />Developer Fee 442,000$ 26,000$ 31$ 6%
<br />Reserves 117,834$ 6,931$ 8$ 2%
<br />Total 7,686,795$ 452,164$ 537$ 100%
<br />Summary of Sources Total Per Unit Per SF % of TDC
<br />NPLH 1,562,631$ 91,919$ 109$ 20%
<br />SNHP 2,047,253$ 120,427$ 143$ 27%
<br />City of Santa Ana 1,656,947$ 97,467$ 116$ 22%
<br />City of Santa Ana Lease 788,000$
<br />Wells Fargo Grant 25,000$ 1,471$ 2$ 0%
<br />OCHFT 832,000$ 48,941$ 58$ 11%
<br />In-Kind 704,963$ 41,468$ 49$
<br />Developer Contribution 70,000$ 4,118$ 5$ 1%
<br />Total 7,686,794$ 360,225$ 428$ 80%
<br />Surplus/Deficit (0)
<br />Financing assumes 8 units assisted with NPLH capital and
<br />COSR, 13 units assisted with SNHP capital and 4 units
<br />assisted with SNHP COSR, and 3 PBV units.
<br />FX Proforma 11/23/2021
<br />EXHIBIT 4
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