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Orange County Mobile Home Park <br />New Unit Financing <br />Sources <br />Mortgage Financing $ 65,000.00 <br />Borrower cash $ 3,000.00 <br />Total $ 68,000.00 <br />Uses <br />Unit Price $ 60,000.00 <br />Installation $ 5,000.00 <br />Transaction Costs $ .3,000.00 <br />Subtotal $ 68,000.00 <br />PITI(a~lot rent <br />Principle and Interest $ 433.33 <br />Taxes $ 50.00 <br />Insurance $ 40.00 <br />Subtotal $ 523.33 <br />Lot Rent $ 230.00 <br />Total Monthly Cost $ 753.33 <br />Affordable to HH Income of $ 30,133.33 <br />~30% of housing/income ratio <br />2004 Area Median HH Income $ 46,621.00 <br />of Area Median HH Income served 65% <br />Project subsidy $150,000.00 <br />Units assisted 12 <br />HH unit subsidy $ 12,500.00 <br />