None of
NORTHGATE MALL (converted to Residential) will be affordable to
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SQUARE FEET |
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RESIDENTIAL 1 AFFORDABLE % Affordabe in BEDROOMS = 98/ 974 = 10%
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65,140 % Affordabe in SQFT = 65,140 / 829,731 = 7.85%
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BEDROOMS |
UNITS |
BEDROOMS |
San Rafael RENT |
Min INCOME required at 35% is rent |
Income |
Studio |
24 |
24 |
$2,000 |
$68,571 |
LOW |
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1 |
24 |
24 |
$2,450 |
$84,000 |
LOW |
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2 |
24 |
48 |
$3,325 |
$114,000 |
LOW |
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3 |
24 |
72 |
$4,367 |
$149,725 |
MODERATE |
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TOTAL |
98 |
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RESIDENTIAL 2
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196,505 |
BEDROOMS |
UNITS |
BEDROOMS |
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2 |
42 |
84 |
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3 |
36 |
108 |
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4 |
7 |
28 |
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TOTAL |
220 |
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RESIDENTIAL 3
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231,300 |
BEDROOMS |
UNITS |
BEDROOMS |
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Studio |
63 |
63 |
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1 |
164 |
164 |
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2 |
53 |
106 |
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TOTAL |
333 |
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RESIDENTIAL 4
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401,926 |
BEDROOMS |
UNITS |
BEDROOMS |
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Studio |
25 |
25 |
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1 |
305 |
164 |
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2 |
116 |
232 |
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TOTAL |
421 |
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TOTAL RESIDENTIAL 2-4 |
829,731 |
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974 |
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Please verify the numbers and disclose prominently in public documentation
· % Affordable in SQFT = 7.85%
· % Affordable in BEDROOMS = 10%
Thanks,
And maybe offer a reason why the percentages are not closer to 20% ?
And using
2021 |
Income |
Number of persons in Household |
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$ |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
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Marin County
4-Person Area Median Income: $149,600
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Acutely Low 15% |
15,700 |
17,950 |
20,200 |
22,450 |
24,250 |
26,050 |
27,850 |
29,650 |
Extremely Low 30% |
38,400 |
43,850 |
49,350 |
54,800 |
59,200 |
63,600 |
68,000 |
72,350 |
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Very Low 50% |
63,950 |
73,100 |
82,250 |
91,350 |
98,700 |
106,000 |
113,300 |
120,600 |
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Low 80% |
102,450 |
117,100 |
131,750 |
146,350 |
158,100 |
169,800 |
181,500 |
193,200 |
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Median |
104,700 |
119,700 |
134,650 |
149,600 |
161,550 |
173,550 |
185,500 |
197,450 |
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Moderate 120% |
125,650 |
143,600 |
161,550 |
179,500 |
193,850 |
208,200 |
222,600 |
236,950 |
Calculate the UNITS per Income Category from “rent per unit” and “Number of persons” = bedrooms.
And rental expenditure is x% of income ( where x = 35 or ? )
( Where RENT SOURCE: https://www.zillow.com/rental-manager/market-trends/san-rafael-ca/?bedrooms=0 )
And a possible explanation why none of the “AFFORDABLE” units are for Acutely Low, Extremely Low and Very Low.
And why one quarter of the “AFFORDABLE” units are for MODERATE INCOME families.
All disclosed please.
SOURCE https://www.cityofsanrafael.org/northgate-town-square-rev/
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