Glendale City Council
April 28, 2026

Parkview Breakdown
Option A
(Lowest
Subsidy) ID
Option A Tier Option A Age Option A HH
Size
Option A
Annual Income
Option A
Monthly
Subsidy
Applicant 1 Tier 2 65 1 $ 41,331.00 $ -
Applicant 2 Tier 3 65 1 $ 38,293.00 $ -
Applicant 3 Tier 3 75 1 $ 29,262.00 $ 18
Applicant 4 Tier 2 73 2 $ 29,136.00 $ 22
Applicant 5 Tier 2 78 2 $ 24,912.00 $ 127
Applicant 6 Tier 2 72 2 $ 24,780.00 $ 90
Applicant 7 Tier 2 69 2 $ 24,672.00 $ 93
Applicant 8 Tier 3 78 1 $ 22,464.00 $ 148
Applicant 9 Tier 2 62 1 $ 21,283.00 $ 178
Applicant 10 Tier 3 72 1 $ 21,096.00 $ 183
Applicant 11 Tier 2 62 2 $ 20,088.00 $ 208
Total Option 1 Income + Age $ 1,067
Annual Cost $ 12,806.16
Assumption: 2% Increase
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5
Option 1 $ 12,806.16 $ 13,062.28 $ 13,323.53 $ 13,590.00 $ 13,861.80 Option 2 $ 48,428.40 $ 49,396.97 $ 50,384.91 $ 51,392.61 $ 52,420.46 Total Subisidy over 15 years
Option 1 $221,462.26
Option 2 $837,492.51
Parkview Breakdown
Tenant Rent Total Rent
Option B
(Strictly
Oldest) ID
Option B Tier Option B Age Option B HH
Size
$ 750 $ 750.00 Applicant 1 Tier 2 87 1
$ 750 $ 750.00 Applicant 2 Tier 1 87 1
$ 732 $ 750.00 Applicant 3 Tier 2 86 1
$ 728 $ 750.00 Applicant 4 Tier 2 84 1
$ 623 $ 750.00 Applicant 5 Tier 1 83 1
$ 620 $ 710.00 Applicant 6 Tier 1 82 1
$ 617 $ 710.00 Applicant 7 Tier 1 81 1
$ 562 $ 710.00 Applicant 8 Tier 2 78 1
$ 532 $ 710.00 Applicant 9 Tier 1 78 1
$ 527 $ 710.00 Applicant 10 Tier 2 78 1
$ 502 $ 710.00 Applicant 11 Tier 2 78 1
$ 6,942.82 $ 8,010.00 Option 2 Age Consideration Only
$ 83,313.84 $ 96,120.00
Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11
$ 14,139.04 $ 14,421.82 $ 14,710.25 $ 15,004.46 $ 15,304.55 $ 15,610.64 $ 53,468.87 $ 54,538.24 $ 55,629.01 $ 56,741.59 $ 57,876.42 $ 59,033.95 Option 2 Age Consideration Only
Attachment 5
Option B
Annual Income
Option B
Monthly
Subsidy
Option 2
Tenant Rent
Option 2
Total Rent
$ 14,072.00 $ 398 $ 352 $ 750
$ 14,312.00 $ 392 $ 358 $ 750
$ 14,072.00 $ 398 $ 352 $ 750
$ 14,072.00 $ 398 $ 352 $ 750
$ 12,989.00 $ 385 $ 365 $ 750
$ 14,072.00 $ 358 $ 352 $ 710
$ 14,024.00 $ 359 $ 351 $ 710
$ 12,332.00 $ 402 $ 308 $ 710
$ 14,072.00 $ 358 $ 352 $ 710
$ 14,072.00 $ 358 $ 352 $ 710
$ 20,883.00 $ 228 $ 482 $ 710
$4,035.70 $ 3,974 $ 8,010
$ 48,428.40 $ 47,691.60 $ 96,120.00
Yr 12 Yr 13 Yr 14 Yr 15
$ 15,922.85 $ 16,241.31 $ 16,566.13 $ 16,897.46
$ 60,214.63 $ 61,418.92 $ 62,647.30 $ 63,900.25