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ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit B-2 - 16 <br />TABLE 3: Example Computation of Rental Assistance Payments <br />1. Old Rent $650 Old Rent and Utilities <br />or <br />2. Ability to Pay $700 30% Adjusted, Monthly, Gross Household Income* <br />3. Lesser of lines 1 or 2 $650 Base Monthly Rental <br />Subtracted From: <br />4. Actual New Rent $750 Actual New Rent and Utilities <br />or <br />5. Comparable Rent $775 Determined by District (includes utilities) <br />6. Lesser of lines 4 or 5 $750 <br />7. Yields Monthly Need: $100 Subtract line 3 from line 6 <br />Rental Assistance $4,200 Multiply line 7 by 42 months <br />*Gross adjusted income means the total amount of annual income of a household less the <br />following: (1) a deduction for each dependent in excess of three; (2) a deduction of 10% of total <br />income for the elderly or disabled head of household; (3) a deduction for recurring extraordinary <br />medical expenses defined for this purpose to mean medical expenses in excess of 3% of total <br />income, where not compensated for, or covered by insurance or other sources; (4) a deduction of <br />reasonable amounts paid for the care of children or sick or incapacitate family members when <br />determined to be necessary to employment of head of household or spouse, except that the amount <br />shall not exceed the amount of income received by the person who would not otherwise be able to <br />seek employment in the absence of such care. <br />Rental assistance payment amounts are equal to 42 times the difference between the base monthly <br />rent and the lesser of: <br />(i) The monthly rent and estimated average monthly cost of utilities for a comparable <br />replacement dwelling; or <br />(ii) The monthly rent and estimated average monthly cost of utilities for the decent, <br />safe, and sanitary replacement dwelling actually occupied by the displaced person. <br />The base monthly rent for the displacement dwelling is the lesser of: <br />(i) The average monthly cost for rent and utilities at the displacement dwelling for a <br />reasonable period prior to displacement, as determined by the Developer; or