Lisa Orantia on HPD financing, unit mix, and AMI levels
Orantia details HPD financing under the mixed-income option of the new construction program targeting 60% AMI average. The unit mix includes 19 studios, 45 one-bedrooms, 33 two-bedrooms, 6 three-bedrooms, and one two-bedroom super unit, with rents at 40, 50, 60, 80, and 100% AMI levels. Two- and three-bedroom units comprise 38% of the mix.
Next slide, please.
The development would utilize HPD financing for 100% affordable multifamily rental project under the mixed income option of the new construction finance program, which has a target
average of 60% AMI.
The unit sizes and breakdown by type are shown here with income and rents at proposed 40, 50, 60, 80, and 100% AMI levels.
The design is for 19 studios, 45 one bedrooms, 33 two bedrooms, six three bedrooms, and includes one two bedroom for a live-in super.
Next slide, please.
The bedroom mix and rent by AMI level are shown here.
We're showing 38% two and three bedroom units.