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Price to be set in advance of identifying a specific buyer. The Affordable Sales Price for each <br /> Affordable Unit is determined by using three-bedroom; unit and presumed household size of four <br /> and by using four-bedroom unit and presumed household size of five. <br /> AFFORDABL£SALES PRICE CALCULATIONS <br /> JANUARY 1-MARCH 31,2025 <br /> AHOCO CALCULATIONS:2024 INCOME STANDARDS <br /> ORANGE COUNTY,CALIFORNIA <br /> 11. Moderate Incomes 120%HCD Medlan lnccme_30%o(Inoorne Allotted to Housing t:xneaes <br /> 1-Bdrm 2-Bdrm 3-Bdrm 4-Bdrm <br /> A. Inoome <br /> BencllmarkHDUSeholdSize 2 3 4 6 <br /> Household Income $123,840 $139,320 $164,800 $107,160 <br /> %of income Allocated to Housing a0% 30% a0ry4 300A <br /> Income AtlottedtoHousing $37,150 $41,800 $40,440 $50,150 <br /> B. Ongoing Expenses <br /> Utility Allowances 1 $2,592 $3,396 $4,296 $5,268 <br /> HOAIInsurancelMaintenance 2,100 2,400 2,700 3,000 <br /> Property Taxes Q 1A6%of Affordable Price � 4,220 4,681 6,128 6,445 <br /> Total Expenses $8,912 $10,477 $12,124 $13,713 <br /> C. InoomeAvailable for Mortgage $28,238 $31,323 $34,316 $36,437 <br /> D.Affordable HousingPrloo <br /> Supportable Mtge 7.23%Interest 2 $345,600 $383,300 $420,000 $445,900 <br /> Home Buyer Down Pymt05%Affordable Price 18,200 20,200 22,100 23,500 <br /> Maximum Purchase Price $363,800 $403,500 $442,100 $469,400 <br /> 1 Based on the Orange Oounly HousingAuthority trtilitios allowances effective as of 10l1/24.Assumes;Electric Cooking;Electric <br /> Heating,Electric Water Heater;Basic Electric;Air Conditloning;Water;Sewer,and Trash. <br /> 2 Based on a 50 Oasis paints premium applied to the Freddie Mac monthly average,between February 2024 and January 2025 for a <br /> fixer)interest rate mortgage loan with a 30-year amortization period.. <br /> Page 80 <br />