ASSUMPTIONS:
Interest Rate (Freddie Mac -90 day) 6.75% 90-day avg @6/5/25 Interest Rate Stabilzing factor 0.0%
Monthly interest rate 0.56% Monthly
Mortgage Term 360 months
Downpayment 5% PMI rate: 0.65%
Area Median Income 1 person 2 person 3 person 4 person
(AMI) $111,850 $127,850 $143,800 $159,800
MODERATE INCOME HOUSEHOLDS: 120% Area Median Income
HOUSEHOLD SIZE 1 person* 2 person* 3 person 4 person
Max Annual Income $134,250 $153,400 $172,600 $191,750
Amount Available for Housing=
35% of 110% of AMI* $3,589 $4,102 $4,614 $5,127
Mortgage $2,243 $2,543 $2,828 $3,146
Prop.Tax 0.001 $317 $359 $459 $511
HOA Dues $550 $650 $650 $650
Utilities $227 $272 $375 $492
Homeowner's Insurance $65 $65 $65 $65
PMI 0.65% $187 $212 $236 $263
*Affordability Stabilization Factor 15% $47,475 $53,842 MORTGAGE $345,780 $392,152 $436,072 $485,121
UNIT SIZE Studio 1 Bedroom 2 Bedroom 3 Bedroom
AFFORDABLE SALES PRICE $316,503 $358,949 $459,023 $510,654 UNIT SIZE Studio 1 Bedroom 2 Bedroom 3 Bedroom
GROSS AFFORDABLE RENT $3,076 $3,516 $3,955 $4,395
MEDIAN INCOME HOUSEHOLDS: 100% Area Median Income
HOUSEHOLD SIZE 1 person 2 person 3 person 4 person
Max Annual Income $111,850 $127,850 $143,800 $159,800
Amount Available for Housing=
30% of 100% of AMI* $2,796 $3,196 $3,595 $3,995
Mortgage $1,596 $1,785 $2,011 $2,238
Prop.Tax 0.001 $225 $275.21 $326 $363
HOA Dues $550 $650 $650 $650
Utilities $227 $272 $375 $492
Homeowner's Insurance $65 $65 $65 $65
PMI 0.65% $133 $149 $168 $187
*Affordability Stabilization Factor 15% $33,781 $37,786 MORTGAGE $246,035 $275,205 $310,014 $345,038
UNIT SIZE Studio 1 bedroom 2 Bedroom 3 Bedroom
AFFORDABLE SALES PRICE $225,204 $251,904 $326,331 $363,197 LOWER INCOME HOUSEHOLDS: 80% Area Median Income
HOUSEHOLD SIZE 1 person 2 person 3 person 4 person
Max Annual Income $87,550 $100,050 $112,550 $125,050
Amount Available for Housing=
30% of 70% of AMI* $1,957 $2,237 $2,517 $2,797
Mortgage $895 $1,004 $1,145 $1,276
Prop.Tax 0.001 $145 $163 $186 $207
HOA Dues $550 $650 $650 $650
Utilities $227 $272 $375 $492
Homeowner's Insurance $65 $65 $65 $65
PMI 0.65% $75 $84 $96 $107
MORTGAGE $138,037 $154,744 $176,541 $196,713
UNIT SIZE Studio 1 bedroom 2 Bedroom 3 Bedroom
AFFORDABLE SALES PRICE $145,302 $162,888 $185,833 $207,067 UNIT SIZE Studio 1 bedroom 2 Bedroom 3 Bedroom
GROSS AFFORDABLE RENT $1,678 $1,918 $2,157 $2,397
VERY LOW INCOME HOUSEHOLDS: 50% Area Median Income
HOUSEHOLD SIZE 1 person 2 person 3 person 4 person
Max Annual Income $54,500 $62,300 $70,100 $77,850
UNIT SIZE Studio 1 Bedroom 2 Bedroom 3 Bedroom
GROSS AFFORDABLE RENT $1,398 $1,598 $1,798 $1,998
EXTREMELY LOW INCOME HOUSEHOLDS: 30% Area Median Income HOUSEHOLD SIZE 1 person 2 person 3 person 4 person
Max Annual Income $32,700 $37,400 $42,050 $46,700
UNIT SIZE Studio 1 Bedroom 2 Bedroom 3 Bedroom
GROSS AFFORDABLE RENT $839 $959 $1,079 $1,199
HACA Utility Allowance Multifamily 7/01/25
Use Highlighted Utilities for calculation
Requires Ownership projects of 10+ units to include 20% of project units at moderate income. Requires Rental Projects who opt for in lieu production to include 8% at the units to low income and 4% at very low income.
CITY OF EMERYVILLE
HOUSING AFFORDABILITY TABLE: MAXIMUM SALES PRICES AND RENTS** 2025 Program Year (Effective July 1, 2025)
Pursuant to the City of Emeryville
Affordable Housing Program Ordinance
NOTE: Gross affordable rent is equal to 30% of 30% of AMI and includes the total of monthly payments for a rental including a reasonable allowance for utilities and any required service charges or fees charged to tenants. Utility allowance and required charges/fees must be deducted from rents shown above. ** The maximum sales prices and rents allowed pursuant to the City's Affordable Housing Program are based on the housing affordability definitions found in the California Health and Safety Code at Section 50052.5 and 50053. These are to be considered maximum amounts and do not take into account market conditions that may limit actual sales and rent values.
NOTE: Gross affordable rent is equal to 30% of 100% of AMI and includes the total of monthly payments for a rental unit including a reasonable allowance for utilities and any required service charges or fees charged to tenants. Utility allowance and required charges/fees must be deducted from rents shown above.
NOTE: Gross affordable rent is equal to 30% of 60% of AMI and includes the total of monthly payments for a rental including a reasonable allowance for utilities and any required service charges or fees charged to tenants. Utility allowance and required charges/fees must be deducted from rents shown above.
NOTE: Gross affordable rent is equal to 30% of 50% of AMI and includes the total of monthly payments for a rental including a reasonable allowance for utilities and any required service charges or fees charged to tenants. Utility allowance and required charges/fees must be deducted from rents shown above.
Exhibit A