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i � <br /> � � �� <br /> ��n� SUMMARY OF JOINT DEVELOPMENT <br /> PROPOSAL • � • <br /> _ ��� EI Camino Real at Vera Street <br /> � <br /> FIRST COMMUNITY HOUSING � <br /> - & - -t- <br /> "PENINSULA HABITAT for HUMANITY <br /> THE PROPOSAL First Community Housing will develop <br /> and provide seventy-five 100% affordable <br /> rentals for a period of at least 55 years; <br /> Peninsula Habitat for Humanity will develop <br /> and build ten for-sale homes affordable to low- <br /> income families. The FCH and Habitat <br /> proposals will be designed by the same award- <br /> winning architect and go through the planning <br /> process as one application. <br /> RENTAL UNIT TYPES Each of the five floors will be identical for <br /> _ increased construction efficiency and include <br /> efficiency units, 1BR, 26R and 3BR units. <br /> Seventy percent of the units will be 2BR & <br /> 3BR, maximizing the point score for a,�-family" <br /> TCAC and MHP project. Unit Totals are: <br /> Efficiency Units @ 425SF = 15 <br /> 1 Bedroom @ 650SF = 07 <br /> 2 Bedrooms @ 800SF = 28 <br /> 3 Bedrooms (a� 1200SF = 25 <br /> Unit Total = 75 <br /> RENTAL AFFORDABILITY The following rents are for an MHP project. 9% <br /> TCAC would be similar: <br /> Efficiency: 6 @ 20% AMI: $373/month <br /> Efficiency: 9 @ 40% AMI: $769/morith <br /> 1 BR: 3@ 20% AMI: $393/month <br /> 1 BR: 4@ 40% AMI: $817/month <br /> � 2BR: 7 @ 20% AMI: $461/month <br />