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Orangewood Foundation <br />Services Coordination for TAY and Former Foster Youth, RFP #25-057A <br />o $34,875/year for security deposits ($14,375), application fees ($281), unit holding <br />fees ($8,438), property owner bonuses ($1,500), moving costs and other flexible <br />assistance ($9,375), and renter’s insurance ($906) for approximately six TAY per <br />year who are not MediCal eligible and therefore do not have access to the CalAIM <br />move-in and housing deposit funds; <br />o $3,750/year for mitigation funds to cover property damages and other tenancy- <br />related losses incurred by landlords as a result of their rental to TAY with FYI <br />vouchers, which historically is only incurred for only 5% of participants; <br />o $12,869 for program implementation expenses, including outreach to property <br />owners and operators, marketing, and IT support; and <br />o $13,636 for 10% indirect costs incurred by United Way in operating this program. <br />•Orangewood has budgeted for a 7.6257% indirect cost rate, amounting to $44,839 over <br />three years. <br />Orangewood requests that $264,759 be disbursed in Year One, $264,759 in Year Two, and <br />$103,321 in Year Three. <br />Page 20 <br />EXHIBIT 2