City Council/Public Financing Authority
July 18, 2023

Attachment 3: Program Qualifications Reports
6/30/2023
* Units subject separate regulatory agreement with the City ofHuntington Beach 6/30/2023
Unit Type Unit Count
Studio 26
1BR 130
2BR 118
Average Rents
Discount/Market
Monthly Discount
Annual Discount
Unit Type Occupied
Studio 26
1BR 125
2BR 114
Average Rents
DJscount/Market
Monthly Discount
Annual Discount
Stabilized Requirement
Qualified Households
Affords bility Progress
Elan
Asking Rents
Market Rent
$2,345
$2,814
$3,357
$3,003
NA
NA
NA
80% AMI
$1,890
$2/165
$2,440
$2,257
-25%
$746
$8,953
Current Rents
Non-Program
$2,129
$2,383
$2/813
$2,551
-15%
$452
$5,424
NA
NA
NA
80% AMI
$1,858
$2,137
$2,456
$2,243
-25%
$760
$9,124
110
85 77%
110% AMI*
$2,234
$2,554
$2,858
$2,655
-12%
$349
$4,187
110% AMI*
$1,942
$2,069
$2/268
$2/153
-28%
$850
$10,205
27 23
85%
120% AMI
$2,250
$2,699
$3,213
$2,878
-4%
$125
$1/504
120% AMI
$2,234
$2,346
$2,838
$2/505
-17%
$498
$5/980
137
45 33%
Unit Type Unit Count
2BR 360
3BR 40
Average Rents
DJscount/Market
Monthly Discount
Annual Discount
Unit Type Occupied
2BR 320
3BR 39
Average Rents
Discount/Market
Monthly Discount
Annual Discount
Stabilized Requirement
Qualified Households
Affordability Progress
Breakwater
Asking Rents
Market Rent
$3,016
$3,291
$3,043
NA
NA
NA
80% AMI
$2/257
$2,600
$2,292
-25%
$752
$9,022
Current Rents
Non-Program
$2,304
$2,840
$2,363
-22%
$680
$8,162
NA
NA
NA
80% AMI
$2,206
$2,719
$2,281
-25%
$762
$9,146
134
136
101%
100% AMI
$2,315
$2,800
$2,364
-22%
$680
$8,159
100% AMI
$2,309
$2,860
$2,321
-24%
$723
$8,672
133
48 36%
120% AMI
$2,395
$2,900
$2,446
-20%
$598
$7,175
120% AMI
$2,411
$2,881
$2,450
-19%
$593
$7,116
133
48 36%