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Joint Public Hearing - DDA and Resolutions <br />March 21, 2011 <br />Page 3 <br />Address <br />Type of Unit <br />No. of <br />Units <br />No. Beds <br />AMI <br />3 <br />4 <br />Low <br />Mod <br />719 N. Concord <br />Single Family <br />2 <br />2 <br />$7,327,313 <br />2 <br />812 N. Concord <br />Single Family <br />1 <br />1 <br />1 <br />1314 Eastwood <br />Single Family <br />1 <br />1 <br />1 <br />4809 W. Edinger <br />Single Family <br />1 <br />1 <br />1 <br />4010, 4018, 4030, 4106 and <br />4110 W. McFadden <br />Att. Single Family <br />7 <br />3 <br />3 <br />4 <br />3 <br />1029 McLean <br />Single Family <br />1 <br />1 <br />1 <br />1114 S. Cypress <br />Single Family <br />2 <br />1 <br />1 <br />1 <br />1 <br />1121 S. Cypress <br />Single Family <br />1 <br />1 <br />1 <br />717 E. To <br />Single Family <br />1 <br />1 <br />1 <br />Totals <br />17 <br />9 <br />8 <br />7 <br />10 <br />Habitat agrees to construct all single family homes including landscaped front and rear yards. <br />Each of the homes will be sold to low- and moderate income households at an affordable price <br />ranging from approximately $166,000 to $385,000 to income - qualified households and will be <br />restricted for a period of at least forty -five years. The homes will consist of 3 and 4 bedrooms, 1 '/2 <br />to 2 '/2 bathrooms and range in size from approximately 1,300 square feet to 1,600 square feet. <br />Homes will be one or two -story with 2 -car garages. All homes will provide sustainable amenities <br />such as water conserving plumbing fixtures, tank less water heaters, on- demand hot water system, <br />drought- resistant landscaping and high efficiency electrical fixtures. <br />Sources <br />Habitat Funding Sources <br />$2,299,749 <br />Land Value <br />$1,834,000 <br />Tax - Increment <br />$ 1,615,513 <br />Total <br />$7,327,313 <br />Uses <br />Land Value <br />$1,834,000 <br />Construction <br />$ 3,544,115 <br />Soft Costs <br />$ 835,925 <br />Developer Fee & Overhead <br />$ 850,000 <br />Financing Costs <br />$ 263,273 <br />Total <br />$7,327,313 <br />Construction of these units will assist the City and Agency in meeting the Regional Housing Needs <br />Assessment (RHNA) goals identified in the Housing Element, Consolidated Plan and the <br />Implementation Plan. <br />�;117'Asa <br />