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Agda 2024.07.15 Special Meeting
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Agda 2024.07.15 Special Meeting
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Last modified
7/17/2024 11:05:07 AM
Creation date
7/17/2024 10:57:58 AM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Special
Agency Type
City Council
Date
7/15/2024
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Affordability & <br />Financing <br />•Federal Tax Credit Equity: $37,800,000 <br />•State Tax Credit Equity: $20,600,000 <br />•Tax exempt Bonds: $26,100,000 <br />•MIP Loan (CalHFA): $4,000,000 <br />•Developer Contribution: $7,400,000 <br />TYPE # OF UNITS SQUARE FEET RENTS AMI LEVEL <br />Studio 5 411 $913 30% <br />Studio 11 411 $1,564 50% <br />Studio 6 411 $1,889 60% <br />Studio 3 411 $2,214 70% <br />1 Bedroom 26 450 $971 30% <br />1 Bedroom 64 450 $1,668 50% <br />1 Bedroom 45 450 $2,017 60% <br />1 Bedroom 16 450 $2,365 70%
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