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Exhibit 3 - Fact Sheet
Exhibit 3 Home Improvement Program Council Fact Sheet Details: Agenda ID: Project: Substantial Rehab/Repair Contractor Awarded: Ameri-Mex Contractors, Inc. Contract Amount: $159,830 (includes $14,530, 10% change orders) Bid Data: Bids Received: 4 bids $145,300.00 Ameri‐Mex Contractors Inc $172,040.00 MAK Repair & Construction, LLC $274,181.00 Ben’s Better Consulting LLC $297,764.21 SERVPRO of North Irving Project Data: Changes to sq footage: Decrease of 590 sq. ft. from 2401 to 1811 Energy efficiencies: Adding insulation, Seer 16 HVAC, Windows Upgrade Summary of improvements: foundation repairs: 8 piers/, tree removal, root barriers, gutters • Repairs of damage due to prior foundation repairs • Plumbing – extensive replacement of plumbing under the slab • Accessibility to front sidewalk & back driveway • Accessible master bathrooms Household Data for Last 8 HIP Projects: Income: Moderate Income 65%-80%: 1 households Low Income 50%-65%: 4 households Very-Low Income 30%-50%: 2 households Extremely-Low Income 30: 1 households Household: Elderly: 5 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. Exhibit 3 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