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AFFORDABILITY MIX Units Net Rent
<br />Extremely Low Income Units @ 20% AMI‐ studio 9 $320
<br />Extremely Low Income Units @ 20% AMI‐ 1 bed 2 $337
<br />Extremely Low Income Units @ 30% AMI‐ studio 9 $502
<br />Extremely Low Income Units @ 30% AMI‐ 1 bed 3 $532
<br />Extremely Low Income Units @ 30% AMI‐ 2 bed 2 $628
<br />Very Low Income Units @ 50% AMI‐ studio 4 $868
<br />Very Low Income Units @ 50% AMI‐ 1 bed 6 $924
<br />Very Low Income Units @ 50% AMI‐ 2 bed 2 $1,098
<br />Low Income Units @ 60% AMI‐ 1 bed 11 $1,119
<br />Low Income Units @ 60% AMI‐ 2 bed 9 $1,332
<br />Low‐Moderate Income Units @ 80% AMI‐ 2 bed 4 $1,801
<br />Manager's Unit (2 BR)1
<br />Total 62
<br />UNIT MIX
<br />0BR/1BA 22 35%
<br />1BR/1BA 22 35%
<br />2BR/1BA 18 29%
<br />Total 62
<br />DEVELOPMENT BUDGET Total Per Unit
<br />Total Land & Improvements $3,338,145 $53,841
<br />Total Design & Consulting $1,773,696 $28,608
<br />Total Construction $20,589,266 $332,085
<br />Total Indirect Costs 5,552,361$ $89,554
<br />Total Finance & Carry Costs $1,845,895 $29,772
<br />Total TCAC/Syndication $140,592 $2,268
<br />TOTAL DEVELOPMENT COSTS $33,239,955 $536,128
<br />SOURCES OF FINANCING Total Per Unit
<br />City of San Leandro $1,000,000 $16,129
<br />County A1 (City base allocation)$4,000,000 $64,516
<br />Infill Infrastructure Grant $3,146,400 $50,748
<br />Affordable Housing and Sustainable Communities $7,640,596 $123,235
<br />LIH Tax Credit‐LP Capital Contribution $14,444,942 $232,983
<br />Permanent Financing $1,627,544 $26,251
<br />Deferred Developer Fee 1,380,472$ $22,266
<br />TOTAL SOURCES OF FUNDS $33,239,954 $536,128
<br />Affordable Housing and Sustainable Communities
<br />Affordable housing $7,600,000
<br />Transportation infrastructure
<br /> AC Transit bus $1,100,000
<br /> Bike lanes $1,000,000
<br /> Sidewalk and ramp improvements $900,000
<br />Transportation‐related amenities
<br /> Pedestrian lighting $600,000
<br />TOTAL $11,200,000
<br />Parrott St. Apartments 4% LIHTC
<br />Financing Summary
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