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TABLE 5
<br />AHOCO CALCULATIONS: 2024 INCOME STANDARDS
<br />SANTA ANA, CALIFORNIA
<br />Median 80% Median 120% Median
<br /> 1 Person $90,300 $72,240 $108,360
<br /> 2 Person $103,200 $82,560 $123,840
<br /> 3 Person $116,100 $92,880 $139,320
<br /> 4 Person $129,000 $103,200 $154,800
<br /> 5 Person $139,300 $111,440 $167,160
<br /> 6 Person $149,650 $119,720 $179,580
<br /> 7 Person $159,950 $127,960 $191,940
<br /> 8 Person $170,300 $136,240 $204,360
<br />I.Low Income: 80% Median Income - 30% of Income Allotted to Housing Expenses
<br />1-Bdrm 2-Bdrm 3-Bdrm 4-Bdrm
<br />A.Income
<br />Benchmark Household Size 2 3 4 5
<br />Household Income $82,560 $92,880 $103,200 $111,440
<br />% of Income Allocated to Housing 30%30%30%30%
<br />Income Allotted to Housing $24,770 $27,860 $30,960 $33,430
<br />B.Ongoing Expenses
<br />HOA/Maintenance $4,800 $4,800 $4,800 $4,800
<br />Insurance @ 0.75% Affordable Sales Price 1,360 1,539 1,711 1,828
<br />Utility Allowances 1 2,592 3,396 4,296 5,268
<br />Property Taxes @ 1.25% of Affordable Price 2,266 2,565 2,851 3,046
<br />Total Expenses $11,018 $12,300 $13,658 $14,942
<br />C.Income Available for Mortgage $13,752 $15,560 $17,302 $18,488
<br />D.Affordable Housing Price
<br />Supportable Mtg @ 7.00% Interest 2 $172,200 $194,900 $216,700 $231,500
<br />Home Buyer Down Pymt @ 5% Affordable Price 9,100 10,300 11,400 12,200
<br />Maximum Purchase Price $181,300 $205,200 $228,100 $243,700
<br />II.Moderate Income: 120% Median Income - 30% of Income Allotted to Housing Expenses
<br />1-Bdrm 2-Bdrm 3-Bdrm 4-Bdrm
<br />A.Income
<br />Benchmark Household Size 2 3 4 5
<br />Household Income $123,840 $139,320 $154,800 $167,160
<br />% of Income Allocated to Housing 30%30%30%30%
<br />Income Allotted to Housing $37,150 $41,800 $46,440 $50,150
<br />B.Ongoing Expenses
<br />Utility Allowances 1 $2,592 $3,396 $4,296 $5,268
<br />HOA/Maintenance 4,800 4,800 4,800 4,800
<br />Insurance @ 0.75% Affordable Sales Price 2,328 2,629 2,922 3,137
<br />Property Taxes @ 1.25% of Affordable Price 3,880 4,381 4,870 5,228
<br />Total Expenses $13,600 $15,206 $16,888 $18,433
<br />C.Income Available for Mortgage $23,550 $26,594 $29,552 $31,718
<br />D.Affordable Housing Price
<br />Supportable Mtg @ 7.00% Interest 2 $294,900 $333,000 $370,100 $397,200
<br />Home Buyer Down Pymt @ 5% Affordable Price 15,500 17,500 19,500 20,900
<br />Maximum Purchase Price $310,400 $350,500 $389,600 $418,100
<br />1
<br />2
<br />Based on the Santa Ana Housing Authority utilities allowances effective as of 10/1/24. Assumes: Electric Cooking; Electric Heating; Electric Water
<br />Heater; Basic Electric; Air Conditioning; Water; Sewer; and Trash.
<br />Based on Habitat estimate.
<br />Prepared by: Keyser Marston Associates, Inc.
<br />File name: Habitat Wellington_2 10 25; DPA Wellington
<br />EXHIBIT 3
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<br />City Council 9 – 31 7/1/2025
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