Exhibit 3 - Fact SheetHome Improvement Program Council Fact Sheet Details:
Agenda ID:
Project: Substantial Rehab/Reconstruction Contractor Awarded: A2ZGC Inc. DBA A-Star General Contractors Co.
Contract Amount: $217,810 (includes $28,410, 15% change orders)
Project Data:
Energy efficiencies: Energy Star Version 3.1 certified
Sustainability: Energy Star Home Rated:
• Spray-foamed walls and attic
• Aero-Barrier sealed walls
• Energy Star windows
• 0.92 AFUE furnace
• 16 SEER A/C sized for high efficiency house.
• Energy Star refrigerator and dishwasher
• Energy Star ceiling fans
• All lights LEDs
• All exterior lights IDA or equal approved
Household Data for Last 9 HIP Projects:
Income: Moderate Income 65%-80%: 1 households
Low Income 50%-65%: 5 households
Very-Low Income 30%-50%: 3 households
Extremely-Low Income 30: 1 households
Household: Elderly: 7 households
Large (5+): 1 household
Small: 2 household
Loan Data:
Income Category General Households Elderly Households
Moderate 80%-65% AMI: 20% Payable & 80% Forgivable 0% Payable & 100% Forgivable
Low 65% - 50% AMI: 10% Payable & 90% Forgivable 0% Payable & 100% Forgivable
Very-Low 50% - 30%: 0% Payable & 100% Forgivable 0% Payable & 100% Forgivable
Extremely-Low Below 30%: 0% Payable & 100% Forgivable 0% Payable & 100% Forgivable
Maximum debt to income
ratios:
Front End Housing: 30 Back End Housing/All Other Debt: 40
The debt-to-income ratio is all monthly debt payments divided by your gross monthly
income. This number allows us to measure the applicant’s ability to afford costs that
will arise with their rehab or reconstruct home. New costs can include program loan
payment, higher property taxes, and higher costs of property insurance.
Income Range Moderate
80% – 65% AMI
Low
65% A – 50% AMI
Very-Low
50% – 30% AMI
Extremely-Low
30% AMI Family Size
1 $46,550 – 37,851 $37,850 – 29,101 $29,100 – 17,501 $17,500 or below
2 $53,200 – 43,251 $43,250 – 33,251 $33,250 – 20,001 $20,000 or below
3 $59,850 – 48,651 $48,650 – 37,401 $37,400 – 22,501 $22,500 or below
4 $66,500 – 54,001 $54,000 – 41,551 $41,550 – 25,751 $25,750 or below
5 $71,850 – 58,351 $58,350 – 44,901 $44,900 – 30,171 $30,170 or below
6 $77,150 – 62,701 $62,700 – 48,201 $48,200 – 34,591 $34,590 or below
7 $82,500 – 67,001 $67,000 – 51,551 $51,550 – 39,011 $39,010 or below
8 $87,800 – 71,301 $71,300 – 54,851 $54,850 – 43,431 $43,430 or below