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WASHINGTON AVENUE APARTMENTS
<br />FINANCING SUMMARY
<br />Affordability Mix
<br /># Units
<br />Net Rent
<br />Extremely Low Income Units @20% AMI -
<br />1 BR
<br />4
<br />406
<br />Extremely Low Income Units @20% AMI -
<br />2 BR
<br />6
<br />455
<br />Extremely Low Income Units @20% AMI -
<br />3 BR
<br />5
<br />506
<br />Extremely Low Income Units @30% AMI -
<br />Studio
<br />3
<br />633
<br />Extremely Low Income Units @30% AMI -
<br />1 BR
<br />24
<br />663
<br />Extremely Low Income Units @30% AMI -
<br />2 BR
<br />6
<br />763
<br />Extremely Low Income Units @30% AMI -
<br />3 BR
<br />6
<br />862
<br />Very Low Income Units @40% AMI - 1 BR
<br />2
<br />920
<br />Very Low Income Units @40% AMI - 2 BR
<br />4
<br />1,072
<br />Very Low Income Units @40% AMI - 3 BR
<br />4
<br />1,219
<br />Very Low Income Units @50% AMI - 1 BR
<br />2
<br />1,177
<br />Very Low Income Units @50% AMI - 2 BR
<br />2
<br />1,380
<br />Very Low Income Units @50% AMI - 3 BR
<br />3
<br />1,575
<br />Manager's Units (2 BR)
<br />1
<br />72
<br />Unit Mix
<br />0BR/1BA
<br />3
<br />4%
<br />1 BR / 1 BA
<br />32
<br />44%
<br />2 BD / 1 BA
<br />19
<br />26%
<br />3 BD / 1 BA
<br />18
<br />25%
<br />72
<br />Development Budget
<br />Total
<br />Per Unit
<br />Acquistion and Related Costs
<br />4,229,200
<br />58,739
<br />Construction
<br />40,121,253
<br />557,240
<br />Architecture and Engineering
<br />1,761,600
<br />24,467
<br />Permits and Fees
<br />2,460,521
<br />34,174
<br />Financing Costs
<br />3,530,720
<br />49,038
<br />Other Soft Costs
<br />4,892,428
<br />67,950
<br />56,995,722 791,607
<br />Sources of Financing - Permanent
<br />Conventional Loan
<br />2,374,000
<br />32,972
<br />HCD - Multifamily Housing Program
<br />19,763,531
<br />274,493
<br />County Measure Al
<br />5,016,000
<br />69,667
<br />City of San Leandro
<br />1,985,000
<br />27,569
<br />Accrued Defered Interest
<br />225,416
<br />3,131
<br />Deferred Developer Fee
<br />300,000
<br />4,167
<br />Tax Credit Contributions
<br />27,331,775
<br />379,608
<br />56,995,722 791,607
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