Orange County NC Website
16 <br /> Number of units reser for households at or <br /> below 40% of county .--_dian income. <br /> Number of market rate units <br /> TOTAL number of units 123 <br /> Please attach as Exhibit N a copy of the market study completed within the past six months by a qualified <br /> individual or firm for tax credit projects of 20 units or more, and for all RPP-funded projects. (See Appendix J <br /> for market study requirements) <br /> F. Proposed Period of Low Income Occupancy (circle one) <br /> 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29(30+)years 30 <br /> (If low-income occupancy is to exceed 30 years, indicate years of service in space provided.) <br /> G. Unit Mix and Rent Structure <br /> Low Income Units <br /> Bedroom Number Type* Square Estimated Estimated*• Estimated' Total"" <br /> Size of Units Feet Monthly Util. Cost Required Monthly <br /> (Net) Rent Rec'd Not in Rent Monthly Housing <br /> by Owner Services Cost to <br /> Fees Tenant <br /> 0 BR <br /> I BR 45 APT S64 480 33 513 <br /> 2 BR * 803 <br /> 3 BR <br /> 4 BR i I <br /> Total Low Income Units 73 * Gross Monthly Rental Income 37,616 <br /> Total Elderly Units 73 * Gross Annual Rental Income 451 ,392 <br /> Utilities included with rents: K Water/Sewer ❑ Electric (XGas ❑ Other <br /> Identify how the utility costs were estimated: (i.e., estimates provided by a utility provider, HUD standard, or averages <br /> from comparable units.) Applicant must be prepared to submit supporting documentation as to estimates upon request by <br /> the Agency. See attached Utility Allowance m bl of Orange County Housing <br /> Assistance payments Progr_am <br /> Type: APT-Garden Apartment TII= Townhouse DU=Duplex <br /> lIDCP=Ilandicapped Access SF= Detached Single Family <br /> •• Average monthly estimate of gas,water/sewer,and electric expenses not included in rent and paid separately by the tenant <br /> ... Fees for support services that a tenant is required to pay <br /> •••• lit I ligh Income counties,total cannot exceed 90%of Maximum Ilousing Expense for low-income occupancy and unit size:in I•o%v Income <br /> counties total cannot exceed 95%of Maximum I lousing Expense for low-income occupancy and unit size. See Appendix It for Maximum <br /> I lousing Expense limits. See Appendix O for list of I1igh and Low Income counties. <br /> * Co mlon area includes one 2-bedroan unit for staff use. <br /> (11) - Part A, Page 5 of 12 01/29/96 <br />