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TABLE 4 <br />SILENT MORTGAGE REVENUE SAMPLE CALCULATIONS <br />9 FOR-SALE MODERATE INCOME UNITS <br />HABITAT FOR HUMANITY - WELLINGTON <br />SANTA ANA, CALIFORNIA <br />I.Silent Mortgage Capacity for City Financial Assistance <br />A.Moderate Income: One-Bedroom Units <br />Estimated Market Rate Sales Price 1 $345,600 <br />(Less) Moderate Income Affordable Sales Price 2 (310,400) <br />Available Silent Mortgage Capacity Per One-Bedroom Unit $35,200 <br />Number of Units 8 <br />Maximum Amount Secured as Silent Mortgage $281,600 <br />B.Moderate Income: Two Bedroom Unit <br />Estimated Market Rate Sales Price 1 $389,700 <br />(Less) Moderate Income Affordable Sales Price 2 (350,500) <br />Available Silent Mortgage Capacity Per Two-Bedroom Unit $39,200 <br />Number of Units 1 <br />Maximum Amount Secured as Silent Mortgage $39,200 <br />II.Total Amount of City Development Assistance Secured as Silent Mortgages $320,800 <br />III.Estimated City Development Assistance Provided as Grant to Habitat 3 <br />Proposed City Development Assistance $720,000 <br />(Less) Total Amount of City Development Assistance Secured as Silent Mortgages ($320,800) <br />Estimated City Development Assistance Provided as Grant to Habitat $399,200 <br />1 <br />2 The final Affordable Sales Prices will be set prior to the sale of each unit. <br />3 For illustration purposes only. This calculation will need to be conducted at the time of sale of the units to reflect the current appraised values and <br />current affordable sales prices for each unit. <br />Based on KMA survey of sales comparables. The market rate sales price will be determined by a fair market value appraisal that assumes no <br />income restrictions prior to the sale of each unit. <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Wellington_2 10 25; Pf <br />EXHIBIT 3 <br />  <br />  <br />City Council 9 – 30 7/1/2025