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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2009
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081809
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8/13/2009 12:30:36 PM
Creation date
8/13/2009 12:30:34 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
8/18/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
03
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Exhibit 2 <br /> Maximum Annual Financial Grant Payments <br /> Year Maximum Annual <br /> Financial Grant <br /> 1 $18,840 <br /> 2 $19,594 <br /> 3 $20377 <br /> 4 $21,191 <br /> 5 $22,143 <br /> 6 $23,028 <br /> 7 $23,948 <br /> 8 $24,906 <br /> 9 $25,901 <br /> 10 $26,937 <br /> 11 $28,014 <br /> 12 $29,135 <br /> 13 $30,300 <br /> 14 $31,512 <br /> 15 $32,772 <br /> Financial Grant Formula Example for 2007/2008: <br /> I. 60% TCAC Rent as of May I, 2007 $942 <br /> 2. 40% TCAC Rent as of May 1, 2007 $628 <br /> 3. Difference $314 <br /> 4. Times 12 $3768 <br /> 5. 'times 5 Units $18,840 <br /> (It: m ydocskagreementsW fonderosah omes I I <br /> SECOND AMENDMENT TO THE AFFORDABLE ROUSING AGREEMENT WITH HJSCH GARDENS INVESTORS <br />
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