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<br />Resale Formula Artayals Community Land Trust 1n On nge County
<br />Hypothetical Performance of?ropceed Formuk
<br />House apprecfatlon set al historical average (1991-1 g99y of b.25%
<br />Income increases set at historical average (1991- f989~ Of 8.98%
<br />Based upon hags purohase of 187,400 in 1991
<br />Bak Prfce tNHh ~'~ Proposed
<br />100 Perosnt of i Amount of Formula Formula
<br />Affordable Ptlce Actual Appraciatlon Appraelation
<br />1998 119
<br />000 Percetltage Appreolatton Resale Prtce Income Required % of Median Median Income 8076 htedlan
<br />,
<br />130,488
<br />2000 123,738 137
<br />319 43,089
<br />48
<br />818 0.30
<br />35
<br />0 _ 12,921 (00,321 .40,128 0.67 68,b00 47,800
<br />,
<br />2001 128,881 144,528 ,
<br />57,128 .
<br />0.35 17,472
<br />19,996 (04,872
<br />107,395 41,949
<br />42,958 0,68
<br />0.67 81,888
<br />84
<br />330 .48,494
<br />51
<br />461
<br />2002 133,782 .152.118
<br />2008 139
<br />108 ' (80
<br />102 84,718
<br />7 0.35 22,850 f 10,050 44,020 0,86 ,
<br />68,891 ,
<br />53,513
<br />,
<br />,
<br />2004 144,843 168,507 2,702
<br />81
<br />107 0.33
<br />0
<br />33 25,448
<br />28
<br />307 112,848
<br />115
<br />787 45,136 0.88 89,563 55,642
<br />
<br />2005 150,399 177,954 ,
<br />89,834 .
<br />0.40 ,
<br />.35,981 ,
<br />123,381 48,318
<br />49,333 0.84
<br />0,88 72,321
<br />73
<br />200 57,857
<br />80
<br />180
<br />2008 156,985 188,888
<br />2007 162
<br />809 186
<br />485 99,285 0.40 39,708 127,106 50,$42 0.83 ,
<br />78,193 ,
<br />82,554
<br />,
<br />,
<br />2008 189,08t 208,779 109,065
<br />119
<br />378 0.10
<br />0
<br />10 43,62$
<br />41
<br />752 131,Q28
<br />135
<br />152 52,410 0.64 81,905 85,0<4
<br />
<br />2009 175,611 217,833 ,
<br />130,235 .
<br />0.40 ,
<br />52,094 ,
<br />139,194 34,081
<br />66,790 0.64
<br />0.83 81,641
<br />87
<br />905 67,692
<br />70
<br />324
<br />2010 18?,806 229,061
<br />2011 180
<br />0&1 241
<br />067 141,881 0.43 83.747 151,147 ®0,459 ,
<br />91,404 ,
<br />79,123.
<br />,
<br />,
<br />2012 197,849 255,744 135,887
<br />186
<br />344 0.43
<br />0
<br />45 89.159
<br />74
<br />865 188,569
<br />182
<br />265 x,624 0.88 48,042 78,035
<br />
<br />2019 203,513 287,085
<br />~ ,
<br />179,666 .
<br />0.45 ,
<br />BO,B48
<br />~ ,
<br />188,249 84,902
<br />87,300 0.66
<br />0.86 98,824.
<br />t8Q
<br />758 79,080
<br />B2
<br />2DB '
<br />- 2014 213,!395 281,086
<br />2015 22?
<br />200 285
<br />843 196,868 0.45 87,159 - 174,559 89,$23 0.68 ,
<br />108,647 ,
<br />86,476
<br />,
<br />,
<br />2018 23f,044 311,375 208,449
<br />223,97b 0.5
<br />O.b 104,222
<br />111,987 191,822
<br />189,387 78,648
<br />79,753 0.89
<br />Obll 411,100
<br />113
<br />522 88,800
<br />92
<br />417
<br />2017 240,239 3?7,722
<br />2018 249
<br />801 344
<br />827 240,322
<br />5 0.5 120,181 207,561 83,024 OA9 ,
<br />130,120 ,
<br />98,096
<br />,
<br />,
<br />2019 239,743 363,008 2
<br />7,527
<br />275,638 O.S
<br />0.6 128784
<br />137,818 218,164
<br />223,218. 88,485
<br />90,087 0.69
<br />8.69 124,900
<br />!29,871 98,920
<br />103,887
<br />Conclusion: Given the Continued apprgCFation of homer it 5.2591 and Ixcormas at 3.989E hams become mare affordable until the percentage of appraclatlon exceeds 40%.
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