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HH Grant Program
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2020
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08. August
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2020-08-18 10:00 AM - Commissioners' Agenda
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HH Grant Program
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Last modified
8/21/2020 11:10:41 AM
Creation date
8/21/2020 11:10:15 AM
Metadata
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Template:
Meeting
Date
8/18/2020
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
e
Item
Request to Approve Agreement HH-AH-2020-004-HopeSource-Paulann
Order
5
Placement
Consent Agenda
Row ID
65752
Type
Contract
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Sample Pro Forma Single Family Rentals <br />Operating <br />Project Name: PaulannAddress: 801 6th Ave <br />lncome: 60% AMt <br />nses <br />19 <br />Average Per Unit <br />$ 105 <br />$ 538 <br />$ 895 <br />$ 211 <br />$ <br />$ tt <br />$21$- <br />$$ 1,780 <br />1,053 <br />158 <br />81 <br />1,291 <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />105 <br />263 <br />158 <br />79 <br />605 <br />Rent:# Units Monthlv Rent Annual Rent <br />Efficiency 0 $ 743 $ <br />One Bedroom 19 $ 787 $179.436 <br />Two Bedroom 0 $750 $ <br />Grant income 0 $$ <br />Total Units 19 <br />Gross Renf <br />Less <br />Vacancy 3.0o/o $(5,383) <br />Bad Debt 2.jYo $(3,589) <br />Gross Effective I ncome :)170,464 <br />Administrative Annual <br />Advertising & Marketing 2,000$ <br />Mgmt Fee (% of collections)6.0o/o 10,228 <br />Administrative <br />Legal 4,000$ <br />Accounting $ <br />Office Supplies $200 <br />Credit Checks 400 <br />Leasinq Fees $ <br />Other $ <br />Total Administrative:$33,828 <br />Payroll <br />Administrative Payroll $ <br />Maintenance Payroll 20,000 <br />Frinqe 15.0o/o 3,000$ <br />PayrollTaxes 7.650/o 1,530$ <br />Total Payroll:$24,530 <br />Maintenance <br />Decorating (unit make ready)2,000$ <br />Repairs 5,000$ <br />Security $ <br />Grounds (landscaping, snow removal)3,000 <br />SU 1,500$ <br />Service contracts (HVAC)$ <br />Other $ <br />Total Maintenance:11,500$ <br />Operating <br />Fuel (heating & hot water)$ <br />Electric $ <br />IWateriSewer 5,000 263
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