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Home My WebLink About2022-01-05 HC Regular Meeting Agenda Packet PALM DESERT HOUSING AUTHORITY REGULAR PALM DESERT HOUSING COMMISSION MEETING AGENDA WEDNESDAY, JANUARY 5, 2022 (VIRTUAL MEETING) 3:30 P.M. CITY OF PALM DESERT, CALIFORNIA I. CALL TO ORDER II. ROLL CALL III. ORAL COMMUNICATIONS Any person wishing to discuss any item not appearing on the agenda may address the Housing Commission via the Zoom session at this point by giving his/her name and address for the record. Remarks shall be limited to a maximum of three (3) minutes unless the Housing Commission authorizes additional time. Because the Brown Act does not allow the Housing Commission to take action on items not on the Agenda, members will not enter into discussion with speakers but may briefly respond or instead refer the matter to staff for a report and recommendation at a future Housing Commission meeting. THREE OPTIONS FOR PARTICIPATING IN THE MEETING Option 1 – To Participate by Email: • Send your comments by email to jgonzales@cityofpalmdesert.org. Emails received by 12:30 p.m. prior to the meeting will be made part of the record and will be distributed to Housing Commissioners. This method is encouraged because it will give Commissioners the opportunity to reflect on your input. Emails will not be read aloud. Option 2 – To Participate and Provide Verbal Comments Using Your Internet: 1. Click the link: https://palmdesert.zoom.us/j/83199013210?pwd=M1FCZWt5a1kvUXRnQ0h6 N2ZsLzFVQT09 2. Meeting ID: 831 9901 3210 Passcode: 655029 Pursuant to Assembly Bill No. 361, the Housing Commission may be conducted via Teleconference/Virtual Meeting and there will be no in-person public access to the meeting location. AGENDA REGULAR HOUSING COMMISSION MEETING – VIRTUAL JANUARY 5, 2022 2 Option 3 – To Listen and Provide Verbal Comments Using Your Telephone: 1. Dial one of the following telephone numbers provided: (For higher quality, dial a telephone number based on your current location.) US: +1 669 219 2599 US (San Jose) or +1 213 338 8477 US (Los Angeles) or +1 602 753 0140 US (Phoenix) or +1 971 247 1195 US (Portland) or +1 253 215 8782 US (Tacoma) 2. Enter the Meeting ID: 831 9901 3210 Passcode: 655029 followed by #. 3. Indicate that you are a participant by pressing # to continue. 4. You will hear audio of the meeting in progress. Remain on the line if the meeting has not yet started. 5. During the meeting, press *6 to mute or unmute yourself to speak. Reports and documents relating to each of the following items listed on the agenda are available for public inspection at the Development Services Department, Housing Division and on the City’s website at www.cityofpalmdesert.org. IV. CONSENT CALENDAR A. MINUTES of the Virtual Regular Housing Commission meeting of December 3, 2021. Rec: Approve as presented. Action: V. ACTION ITEMS None VI. REPORTS AND REMARKS A. Commissioners Reports and Remarks None B. Commission Reports • Commissioner Juan Mireles Resignation • Presentation on the Home Buyer Assistance program (Veronica Chavez, Finance Manager) C. RPM Company Monthly Reports for October 2021 • Monthly Occupancy Status Report • Monthly Occupancy and Average Rent Summary AGENDA REGULAR HOUSING COMMISSION MEETING – VIRTUAL JANUARY 5, 2022 3 • Report#1 – Monthly Occupancy and Average Rent Statement • Report#2 – Monthly Net Operating Income Statement • Palm Desert Housing Authority Project Report for November 2021. D. Update on the Home Improvement Program ACTIVITY: November 2021 Inquiries (Calls, Walk-Ins, Emails): 18* Applications Provided: 4 Applications Received: 0 Applications being processed: 0 Eligible (Possibly meets criteria): 0 Ineligible (Does not meet criteria): 0 Energy Savings Assistance Programs Referrals: 9 (JHC Construction – SCE/Gas Co) *Brightside - water heater replacements/ac units/damaged water VII. ADJOURNMENT I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda for the Housing Commission was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 22th day of December 2021. Kevin Collins Kevin Collins, Recording Secretary PALM DESERT HOUSING AUTHORITY PALM DESERT HOUSING COMMISSION MEETING PRELIMINARY MINUTES WEDNESDAY, DECEMBER 1, 2021 – 3:30 P.M. (VIRTUAL MEETING) CITY OF PALM DESERT, CALIFORNIA I. CALL TO ORDER Chair Buller called the meeting to order at 3:30 p.m. II. ROLL CALL Commissioners Current Meeting Fiscal Year to Date Present Absent Present Absent Jann Buller, Chair X 4 Dennis Guinaw, Vice Chair X 4 Donna Ault X 4 Greg Ballard X 2 2 (1 Excused) Juan Mireles X 3 1 Melody Morrison X 3 Carol Marcuse X 3 Also Present: Kathleen Kelly, City Councilmember Liaison Jessica Gonzales, Senior Management Analyst Teresa Vakili, RPM Company Vice President Kevin Teagarden, Management Analyst Kevin Collins, Recording Secretary Bob Hargraves, Legal Counsel III. ORAL COMMUNICATIONS Senior Management Analyst, Jessica Gonzales, advised the Commission no comments or inquiries were received by email, nor were any requests for public participation received for the meeting. PRELIMINARY MINUTES VIRTUAL HOUSING COMMISSION MEETING DECEMBER 1, 2021 2 IV. CONSENT CALENDAR A. MINUTES of the Regular Housing Commission meeting of November 3, 2021. Rec: Approve as presented. Upon a motion by Vice Chair Guinaw, seconded by Commissioner Ballard, and a 6-0 vote of the Housing Commission the Consent Calendar was approved as presented (AYES: Ault, Buller, Guinaw, Ballard, Morrison, and Marcuse; NOES: None; ABSENT: Mireles). V. ACTION ITEMS A. REQUEST FOR CONSIDERATION of a recommendation to approve an Amendment to Contract No. HA35560 with Ray, Douglas, Ann and Patrick, Inc., a.k.a. RPM Company, for affordable housing compliance/property management services for the Housing Authority owned properties for a two-year term in an amount not to exceed $601,560 for the calendar year 2022. Senior Management Analyst, Jessica Gonzales, acknowledged the staff report before the Commission, stating the current contract with RPM was up for renewal and that a two-year extension for services had been negotiated. She advised no changes were made in the scope of services provided by RPM. Ms. Gonzales provided information on the current fee structure of $40 per unit/per month and the proposed $45 monthly fee beginning January 2022 with a 3% increase for 2023. Ms. Gonzales reiterated the fee change has no bearing on resident rental rates and the $45 per unit per month fee is based on a fully occupied unit. Upon a motion by Commissioner Ballard, seconded by Commissioner Morrison and a 6-0 vote of the Housing Commission, approved the recommendation of an amendment to Contract No. HA35560 with Ray, Douglas, Ann and Patrick, Inc., a.k.a. RPM Company, for affordable housing compliance/property management services for the Housing Authority owned properties for a two-year term in an amount not to exceed $601,560 for the calendar year 2022. (AYES: Ault, Buller, Ballard, Guinaw, Morrison, and Marcuse; NOES: None; ABSENT: Mireles). VI. REPORTS AND REMARKS A. Commissioners Reports and Remarks NONE B. Commission Reports PRELIMINARY MINUTES VIRTUAL HOUSING COMMISSION MEETING DECEMBER 1, 2021 3 Senior Management Analyst, Jessica Gonzales provided the Commission an update on the request for additional information related to the Home Buyer Assistance program. She stated a brief presentation on that program, administered within the Finance department, would be provided at the January commission meeting. Chair Buller then introduced Mr. Bob Hargreaves, Legal Counsel for the City of Palm Desert, who was invited to provide a brief overview related to the Brown Act. The presentation includes specific information related to Commission Member’s roles, the Brown Act, conflicts of interest and public records. Ms. Gonzales informed the Housing Commission that they serve as an advisory to the Palm Desert Housing Authority Board (“Authority Board”); and explained the primary role of the Commissioners is to review and provide input to the Authority Board on housing policy and procedures, housing programs and review and make recommendations on administrative and operating matters of the affordable rental portfolio that come before the Authority Board, except matters excluded by resolution. Mr. Hargraves reminded the Commission that they do not have approving authority. With that, Mr. Hargraves moved onto the presentation, a copy of which was provided to all commissioners as part of the agenda packet and shared via Zoom. At conclusion of the presentation, a question was raised by Chair Buller. The question related to informing commission members of various events that members may want to make the Commission aware of. Mr. Hargreaves responded stating that is the purpose of the reports and remarks section of the agenda. Ms. Gonzales then provided a brief informational update on fourteen vacant lots, which are owned by the City of Palm Desert and are referred to as the “Merle Self- Help Project”. Ms. Gonzales stated the project was making progress and in the coming weeks would be transitioning those properties to Coachella Valley Housing Coalition with homes being built over the coming year. C. RPM Company Monthly Reports for September 2021 • Monthly Occupancy Status Report • Monthly Occupancy and Average Rent Summary • Report#1 – Monthly Occupancy and Average Rent Statement • Report#2 – Monthly Net Operating Income Statement • Palm Desert Housing Authority Project Report for October 2021 RPM Company Vice President, Teresa Vakili acknowledged the RPM reports before the Commission, stating 592 individuals were contacted on the waitlist and 91 recertifications were completed. She noted the current average occupancy rate was 98% and stated RPM staff completed 368 service requests, which included replacing a few water heaters. There were no follow-up questions. PRELIMINARY MINUTES VIRTUAL HOUSING COMMISSION MEETING DECEMBER 1, 2021 4 Ms. Gonzales mentioned briefly there had been a supply delay for the second portion of Taos/Desert Pointe roofing project, but those materials are now scheduled to arrive this month and the project would resume in January 2022. D. Update on the Home Improvement Program ACTIVITY October 2021 Inquiries (Calls, Walk-Ins, Emails): 0 Applications Provided: 0 Applications Received 0 Applications being processed: 0 Eligible (Possibly meets criteria): 0 Ineligible (Does not meet criteria): 0 Energy Savings Assistance Programs Referrals: 0 (JHC Construction – SCE/Gas Co) Ms. Gonzales provided a summary of the Home Improvement Program activity and reported there were no inquiries for the Energy Savings Program, however, expects more activity in the upcoming months given the recent informational article in the City’s Brightside newsletter. VII. ADJOURNMENT With Commission concurrence, Chair Buller adjourned the meeting at 4:14 p.m. Kevin Collins, Recording Secretary G:\rda\Veronica Tapia\Word Files\Staff Reports\Report to Housing Commission 1.5.22.docx STAFF REPORT CITY OF PALM DESERT MEETING DATE: January 5, 2022 PREPARED BY: Veronica Chavez, Finance Manager For-Sale Affordable Housing Programs Palm Desert Housing Authority together with the City of Palm Desert provide financial assistance to eligible First Time Homebuyer households in the form of silent second and third trust deeds in purchasing a home in an attempt to create affordable homeownership opportunities, at an affordable housing cost. The Authority and City assistance is specifically designed to provide qualified persons and families with down payment monies necessary to secure financing towards the purchase of a home within the Authority's housing developments. The two programs with the most activity, are Desert Rose and Falcon Crest. Desert Rose was developed in 1994, consisting of 161 single family homes on Fred Waring Drive. The homes are 3- and 4-bedroom homes ranging in size from 1,100 to 1,300 square feet. The amenities offered at Desert Rose include common areas, an adult pool and spa, a children’s pool, volleyball and basketball courts, and the Jean Benson Childcare Center. Desert Rose continues to be in high demand. Falcon Crest was developed in 2004, consisting of 93 single family homes located near JW Marriot. The homes are 3- and 4-bedroom homes ranging in size from 1,470 to 1,670 square feet. The homes include energy efficient upgrades, as well as drought tolerant landscaping. The Palm Desert Housing Authority maintains a list of interested households in the event homes become available for purchase under our for-sale housing programs. These homes are generally resales and range in price from $150,000 to $260,000. Interested household’s income may not exceed 120% of the area median income for Riverside County adjusted for family size. Currently for a family of four the area median is $77,500 annually. Households that are interested in this program must have good credit history, some savings and consistent employment history. Interested households will be selected to prequalify with a home loan lender when a home becomes available suitable to the household’s size and income. As we are notified by homeowners of their desire to resell their homes, the list of qualified applicants is reviewed for fit. Once a buyer is identified, they go through the normal home-buyer process. The assistance provided to the buyers is determined based on the gap between their affordability level and the allowable resale price. Silent 2nd and 3rd trust deeds may be necessary to support the acquisition. Along with the deeds, the buyer will sign promissory note(s) for the silent loans, an Affordable Housing Restrictive Lien Agreement, and other necessary documents to participate in the affordable housing program. The Affordable Housing Restriction and Lien Agreement is required to maintain the affordability in each development. The agreement will include resale price restrictions, occupancy restrictions, and limitations on encumbrances and transfers, among other limitations and restrictions. The loans are silent and accrue simple interest at 3% per year. Upon transfer or repayment of the first deed, the silent loans may become payable depending on the program. Any repayments are then used to assist future qualified buyers in their acquisition. Currently the interest list has approximately 22 applicants waiting for an opportunity to participate in our programs. The last resale closed on November 1, 2021. The resales tend to ebb and flow with the market. MONTHLY OCCUPANCY STATUS REPORT REPORTING MONTH: Oct-21 REPORT DATE: 11/1/2021 TERESA VAKILI "MULTI-FAMILY PROPERTIES"Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 California Villas a. Total Units in Complex 141 141 141 141 141 141 141 141 141 141 141 141 141 b. Vacant Units 8 10 7 6 4 2 2 5 5 2 1 1 2 c. Occupied Units 133 131 134 135 137 139 139 136 136 139 140 140 139 d. Pending Leases 4 6 1 3 2 2 2 1 2 1 0 1 1 e. Ending Occupied & Pre-leased 137 137 135 138 139 141 141 137 138 140 140 141 140 f. Down Units 3 3 3 3 1 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 87 68 152 89 80 68 70 34 46 65 40 33 40 h. Re-Cert Pkts Sent Out During Month 13 7 13 6 5 13 17 14 9 3 15 11 16 i. Number of Traffic Qualified 0 4 2 8 5 2 5 4 5 22 13 14 10 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 2 0 0 Desert Pointe a. Total Units in Complex 64 64 64 64 64 64 64 64 64 64 64 64 64 b. Vacant Units 1 2 3 3 3 3 3 4 3 2 2 2 2 c. Occupied Units 63 62 61 61 61 61 61 60 61 62 62 62 62 d. Pending Leases 0 0 0 1 0 0 0 0 1 2 1 1 1 e. Ending Occupied & Pre-leased 63 62 61 62 61 61 61 60 62 64 63 63 63 f. Down Units 1 1 1 1 3 3 3 3 2 1 1 1 1 g. Number of Wait List Contactees 0 10 20 36 0 0 0 25 37 10 46 33 76 h. Re-Cert Pkts Sent Out During Month 7 5 7 5 1 3 3 5 8 4 6 2 8 i. Number of Traffic Qualified 7 8 6 15 12 11 10 12 9 24 20 13 21 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Laguna Palms a. Total Units in Complex 48 48 48 48 48 48 48 48 48 48 48 48 48 b. Vacant Units 2 2 1 2 1 1 1 1 1 1 3 4 3 c. Occupied Units 46 46 47 46 47 47 47 47 47 47 45 44 45 d. Pending Leases 0 0 0 0 0 1 0 1 0 0 0 2 2 e. Ending Occupied & Pre-leased 46 46 47 46 47 48 47 48 47 47 45 46 47 f. Down Units 0 0 0 0 0 0 0 0 0 0 1 1 0 g. Number of Wait List Contactees 29 35 25 55 25 20 15 50 70 75 65 70 60 h. Re-Cert Pkts Sent Out During Month 4 3 2 5 2 2 3 7 4 4 5 6 4 i. Number of Traffic Qualified 0 4 2 9 25 20 15 8 5 6 7 4 10 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Neighbors a. Total Units in Complex 24 24 24 24 24 24 24 24 24 24 24 24 24 b. Vacant Units 0 1 1 1 1 1 1 1 1 1 1 1 2 c. Occupied Units 24 23 23 23 23 23 23 23 23 23 23 23 22 d. Pending Leases 0 0 0 0 0 0 0 0 0 0 0 0 0 e. Ending Occupied & Pre-leased 24 23 23 23 23 23 23 23 23 23 23 23 22 f. Down Units 0 1 1 1 1 1 1 1 1 1 1 1 2 g. Number of Wait List Contactees 0 0 0 0 0 0 0 7 0 0 0 0 12 h. Re-Cert Pkts Sent Out During Month 1 4 1 1 0 2 2 0 1 1 3 2 0 i. Number of Traffic Qualified 6 7 4 7 8 9 6 7 9 12 9 12 8 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 One Quail Place a. Total Units in Complex 384 384 384 384 384 384 384 384 384 384 384 384 384 b. Vacant Units 14 10 12 12 6 5 7 9 11 12 14 17 17 c. Occupied Units 370 374 372 372 378 379 377 375 373 372 370 367 367 d. Pending Leases 1 0 1 12 7 5 5 6 4 9 8 11 7 e. Ending Occupied & Pre-leased 371 374 373 384 385 384 382 381 377 381 378 378 374 f. Down Units 1 0 0 1 2 2 4 4 5 3 2 2 1 g. Number of Wait List Contactees 58 148 138 94 16 27 85 94 110 90 168 140 101 h. Re-Cert Pkts Sent Out During Month 27 29 27 28 29 37 30 25 26 17 34 21 25 i. Number of Traffic Qualified 82 72 53 76 61 92 59 39 86 118 66 44 43 j. Number of Traffic Non-Qualified 2 1 1 5 1 1 3 1 2 2 14 8 3 11/01/2021 Page 1 of 11 MOS Multi-Family 10.21 MONTHLY OCCUPANCY STATUS REPORT "MULTI-FAMILY PROPERTIES"Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Palm Village a. Total Units in Complex 36 36 36 36 36 36 36 36 36 36 36 36 36 b. Vacant Units 3 3 2 1 1 3 3 3 3 3 3 4 4 c. Occupied Units 33 33 34 35 35 33 33 33 33 33 33 32 32 d. Pending Leases 4 2 2 0 0 0 0 1 1 2 2 1 2 e. Ending Occupied & Pre-leased 37 35 36 35 35 33 33 34 34 35 35 33 34 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 33 30 40 50 40 20 15 40 70 75 65 70 60 h. Re-Cert Pkts Sent Out During Month 4 2 2 1 1 1 5 2 6 6 3 2 6 i. Number of Traffic Qualified 0 2 1 25 8 20 15 5 3 5 0 2 0 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Santa Rosa a. Total Units in Complex 20 20 20 20 20 20 20 20 20 20 20 20 20 b. Vacant Units 0 0 0 0 0 1 1 1 3 4 4 4 4 c. Occupied Units 20 20 20 20 20 19 19 19 17 16 16 16 16 d. Pending Leases 0 0 0 0 0 0 0 0 0 0 2 1 2 e. Ending Occupied & Pre-leased 20 20 20 20 20 19 19 19 17 16 18 17 18 f. Down Units 0 0 0 0 0 0 0 1 1 1 0 1 2 g. Number of Wait List Contactees 0 0 0 0 0 20 15 30 70 55 65 52 60 h. Re-Cert Pkts Sent Out During Month 1 1 1 5 2 0 0 0 1 2 2 0 1 i. Number of Traffic Qualified 0 2 0 0 2 15 15 3 0 0 2 0 0 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Taos Palms a. Total Units in Complex 16 16 16 16 16 16 16 16 16 16 16 16 16 b. Vacant Units 1 0 0 0 0 1 1 1 2 2 2 2 1 c. Occupied Units 15 16 16 16 16 15 15 15 14 14 14 14 15 d. Pending Leases 1 0 0 0 0 0 0 0 1 1 0 0 1 e. Ending Occupied & Pre-leased 16 16 16 16 16 15 15 15 15 15 14 14 16 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 12 0 0 0 0 0 0 30 53 72 68 54 88 h. Re-Cert Pkts Sent Out During Month 1 1 1 2 0 2 2 2 0 0 2 1 2 i. Number of Traffic Qualified 6 7 4 6 7 7 3 5 8 9 15 17 5 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 SUMMARY MULTI-FAMILY PROPERTIES Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 a. Total Units in Complex 733 733 733 733 733 733 733 733 733 733 733 733 733 b. Vacant Units 29 28 26 25 16 17 19 25 29 27 30 35 35 c. Occupied Units 704 705 707 708 717 716 714 708 704 706 703 698 698 d. Pending Leases 10 8 4 16 9 8 7 9 9 15 13 17 16 e. Ending Occupied & Pre-leased 714 713 711 724 726 724 721 717 713 721 716 715 714 f. Down Units 5 5 5 6 7 6 8 9 9 6 5 6 6 g. Number of Wait List Contactees 219 291 375 324 161 155 200 310 456 442 517 452 497 h. Re-Cert Pkts Sent Out During Month 58 52 54 53 40 60 62 55 55 37 70 45 62 i. Number of Traffic Qualified 101 106 72 146 128 176 128 83 125 196 132 106 97 j. Number of Traffic Non-Qualified 2 1 1 5 1 1 3 1 2 2 16 8 3 11/01/2021 Page 2 of 11 MOS Multi-Family 10.21 MONTHLY OCCUPANCY STATUS REPORT REPORTING MONTH: Oct-21 REPORT DATE: 11/1/2021 TERESA VAKILI "SENIOR PROPERTIES"Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Candlewood a. Total Units in Complex 30 30 30 30 30 30 30 30 30 30 30 30 30 b. Vacant Units 1 0 0 0 0 0 1 3 2 2 0 0 0 c. Occupied Units 29 30 30 30 30 30 29 27 28 28 30 30 30 d. Pending Leases 1 0 0 0 0 0 1 1 0 2 0 0 0 e. Ending Occupied & Pre-leased 30 30 30 30 30 30 30 28 28 30 30 30 30 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 8 0 7 12 5 16 11 60 80 77 0 30 0 h. Re-Cert Pkts Sent Out During Month 3 3 3 3 1 2 2 2 1 1 5 2 2 i. Number of Traffic Qualified 0 0 0 3 0 8 0 6 2 6 7 3 0 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Carlos Ortega a. Total Units in Complex 73 73 73 73 73 73 73 73 73 73 73 73 73 b. Vacant Units 1 0 0 2 2 1 1 1 1 0 2 1 2 c. Occupied Units 72 73 73 71 71 72 72 72 72 73 71 72 71 d. Pending Leases 2 0 0 1 2 1 1 1 1 1 2 0 1 e. Ending Occupied & Pre-leased 74 73 73 72 73 73 73 73 73 74 73 72 72 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 1 0 g. Number of Wait List Contactees 47 21 18 46 30 34 40 43 64 36 45 45 40 h. Re-Cert Pkts Sent Out During Month 1 4 1 5 5 8 8 9 4 7 7 9 0 i. Number of Traffic Qualified 18 10 5 11 14 20 20 15 16 30 30 22 10 j. Number of Traffic Non-Qualified 7 5 6 7 7 6 7 12 19 1 3 10 15 Catalina Gardens a. Total Units in Complex 72 72 72 72 72 72 72 72 72 72 72 72 72 b. Vacant Units 4 3 0 1 1 3 2 2 0 1 2 2 2 c. Occupied Units 68 69 72 71 71 69 70 70 72 71 70 70 70 d. Pending Leases 1 2 0 0 0 2 1 2 0 0 1 0 1 e. Ending Occupied & Pre-leased 69 71 72 71 71 71 71 72 72 71 71 70 71 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 22 28 8 19 18 37 34 28 40 112 121 124 92 h. Re-Cert Pkts Sent Out During Month 3 5 5 3 5 3 3 1 5 10 7 12 3 i. Number of Traffic Qualified 3 2 1 6 2 8 5 5 6 5 10 4 3 j. Number of Traffic Non-Qualified 2 1 0 0 0 0 0 0 0 0 0 0 0 La Rocca Villas a. Total Units in Complex 27 27 27 27 27 27 27 27 27 27 27 27 27 b. Vacant Units 0 0 1 0 0 0 0 0 0 0 1 2 2 c. Occupied Units 27 27 26 27 27 27 27 27 27 27 26 25 25 d. Pending Leases 0 0 1 0 0 0 0 0 0 0 0 0 0 e. Ending Occupied & Pre-leased 27 27 27 27 27 27 27 27 27 27 26 25 25 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 0 0 25 0 0 0 0 0 0 0 35 80 25 h. Re-Cert Pkts Sent Out During Month 3 1 1 1 2 4 2 2 4 1 3 0 4 i. Number of Traffic Qualified 17 6 8 18 14 13 26 16 10 22 12 14 12 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Las Serenas a. Total Units in Complex 150 150 150 150 150 150 150 150 150 150 150 150 150 b. Vacant Units 7 6 5 1 1 1 3 3 3 3 5 6 5 c. Occupied Units 143 144 145 149 149 149 147 147 147 147 145 144 145 d. Pending Leases 4 5 3 1 1 0 1 1 0 1 3 2 1 e. Ending Occupied & Pre-leased 147 149 148 150 150 149 148 148 147 148 148 146 146 f. Down Units 1 1 1 0 0 1 1 2 3 3 2 2 2 g. Number of Wait List Contactees 215 106 45 50 48 50 65 8 215 92 210 154 126 h. Re-Cert Pkts Sent Out During Month 6 7 5 15 3 6 10 17 7 16 12 19 8 i. Number of Traffic Qualified 44 14 24 40 36 32 27 31 34 38 39 39 67 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 11/01/2021 Page 3 of 11 MOS Senior 10.21 MONTHLY OCCUPANCY STATUS REPORT "SENIOR PROPERTIES"Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Pueblos a. Total Units in Complex 15 15 15 15 15 15 15 15 15 15 15 15 15 b. Vacant Units 0 0 0 0 0 1 0 0 0 0 1 1 0 c. Occupied Units 15 15 15 15 15 14 15 15 15 15 14 14 15 d. Pending Leases 0 0 0 0 0 1 0 0 0 0 0 1 0 e. Ending Occupied & Pre-leased 15 15 15 15 15 15 15 15 15 15 14 15 15 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 3 3 2 7 1 10 0 0 0 0 16 9 0 h. Re-Cert Pkts Sent Out During Month 2 0 0 1 2 2 1 1 2 4 1 4 0 i. Number of Traffic Qualified 0 0 1 2 0 5 0 0 0 2 0 4 2 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 Sage Crest Sr. a. Total Units in Complex 14 14 14 14 14 14 14 14 14 14 14 14 14 b. Vacant Units 0 1 1 1 0 0 1 1 1 1 0 0 0 c. Occupied Units 14 13 13 13 14 14 13 13 13 13 14 14 14 d. Pending Leases 0 0 0 0 0 0 0 0 0 1 0 0 0 e. Ending Occupied & Pre-leased 14 13 13 13 14 14 13 13 13 14 14 14 14 f. Down Units 0 0 0 0 0 0 0 0 0 0 0 0 0 g. Number of Wait List Contactees 0 25 11 2 0 0 9 70 40 48 0 5 0 h. Re-Cert Pkts Sent Out During Month 1 0 1 1 3 1 1 1 1 2 2 0 0 i. Number of Traffic Qualified 0 0 0 2 1 0 0 2 0 0 2 0 2 j. Number of Traffic Non-Qualified 0 0 0 0 0 0 0 0 0 0 0 0 0 SUMMARY SENIOR PROPERTIES Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 a. Total Units in Complex 381 381 381 381 381 381 381 381 381 381 381 381 381 b. Vacant Units 13 10 7 5 4 6 8 10 7 7 11 12 11 c. Occupied Units 368 371 374 376 377 375 373 371 374 374 370 369 370 d. Pending Leases 8 7 4 2 3 4 4 5 1 5 6 3 3 e. Ending Occupied & Pre-leased 376 378 378 378 380 379 377 376 375 379 376 372 373 f. Down Units 1 1 1 0 0 1 1 2 3 3 2 3 2 g. Number of Wait List Contactees 295 183 116 136 102 147 159 209 439 365 427 447 283 h. Re-Cert Pkts Sent Out During Month 19 20 16 29 21 26 27 33 24 41 37 46 17 i. Number of Traffic Qualified 82 32 39 82 67 86 78 75 68 103 100 86 96 j. Number of Traffic Non-Qualified 9 6 6 7 7 6 7 12 19 1 3 10 15 11/01/2021 Page 4 of 11 MOS Senior 10.21 MONTHLY OCCUPANCY AND AVERAGE RENT SUMMARY SHEET October 2021 AMI % Ann. Income Mo. Rent Ann. Income Mo. Rent Ann. Income Mo. Rent Ann. Income Mo. Rent 20%10,850 226 12,400 258 13,950 291 15,500 323 25%13,563 283 15,500 323 17,438 363 19,375 404 30%16,600 346 19,000 396 21,960 458 26,500 552 35%18,988 396 21,700 452 24,413 509 27,125 565 40%21,700 452 24,800 517 27,900 581 31,000 646 45%24,413 509 27,900 581 31,388 654 34,875 727 50%27,650 576 31,600 658 35,550 741 39,500 823 55%29,838 622 34,100 710 38,363 799 42,625 888 60%32,550 678 37,200 775 41,850 872 46,500 969 65%35,263 735 40,300 840 45,338 945 50,375 1,049 70%37,975 949 43,400 1,085 48,825 1,221 54,250 1,356 75%40,688 1,017 46,500 1,163 52,313 1,308 58,125 1,453 80%44,250 1,106 50,600 1,265 56,900 1,423 63,200 1,580 85%46,113 1,153 52,700 1,318 59,288 1,482 65,875 1,647 90%48,825 1,221 55,800 1,395 62,775 1,569 69,750 1,744 95%51,538 1,288 58,900 1,473 66,263 1,657 73,625 1,841 100%54,250 1,356 62,000 1,550 69,750 1,744 77,500 1,938 105%56,963 1,424 65,100 1,628 73,238 1,831 81,375 2,034 110%59,675 1,492 68,200 1,705 76,725 1,918 85,250 2,131 115%62,388 1,560 71,300 1,783 80,213 2,005 89,125 2,228 120%65,100 1,628 74,400 1,860 83,700 2,093 93,000 2,325 Riverside County Income Eligibility as of 7/1/2021. Monthly rent is exclusive of Utility Allowance. Extremely Low 0-30% Very Low 31-50% Low 51-80% Moderate 81%-120% Total 698 285 512 839 1,170 701 182 220 209 87 Average Mo. RentNo. of Units Multi-Family Complexes HOUSEHOLD SIZE 1 2 3 4 Extremely Low 0-30% Very Low 31-50% Low 51-80% Moderate 81%-120% Total 135 159 61 Senior Complexes Average Mo. RentNo. of Units 15 370 279 485 782 1,132 669 11/01/2021 Page 5 of 11 Summary Rpt #1 10.21 REPORT #1 - MONTHLY OCCUPANCY AND AVERAGE RENT STATEMENT REPORTING MONTH: REPORT DATE:REPORTED BY:TERESA VAKILI "MULTI-FAMILY" 141 UNITS 64 UNITS 48 UNITS 24 UNITS 384 UNITS 36 UNITS 20 UNITS 16 UNITS 733 UNITS OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR 1. VERY LOW: 20% OF MEDIAN a. Studio 2 183 2 183 b. 1 BR, 1 BA 1 209 1 193 13 204 15 204 c. 2 BR, 1 BA 2 129 3 218 2 227 2 210 9 198 d. 2 BR, 2 BA 2 210 9 214 11 213 e. Totals 20%1 3 2 2 25 2 0 2 37 2. VERY LOW: 21-25% OF MEDIAN a. Studio 6 237 6 237 b. 1 BR, 1 BA 18 274 4 253 6 253 30 257 58 262 c. 2 BR, 1 BA 3 278 6 287 1 279 1 278 11 283 d. 2 BR, 2 BA 8 287 8 287 e. Totals 21-25%18 10 9 0 44 1 0 1 83 3. VERY LOW: 26-30% OF MEDIAN a. Studio 1 305 1 305 b. 1 BR, 1 BA 13 336 2 316 2 332 11 333 28 333 c. 2 BR, 1 BA 3 379 5 388 3 360 2 372 3 379 16 377 d. 2 BR, 2 BA 2 379 15 388 17 387 e. Totals 26-30%13 2 6 2 31 3 2 3 62 4. VERY LOW: 31-35% OF MEDIAN a. Studio 2 350 2 350 b. 1 BR, 1 BA 16 400 2 378 1 386 13 393 32 395 c. 2 BR, 1 BA 2 419 3 432 3 437 5 413 1 419 14 423 d. 2 BR, 2 BA 2 419 8 430 10 427 e. Totals 31-35%16 4 3 2 24 3 5 1 58 5. VERY LOW: 36-40% OF MEDIAN a. Studio 2 399 2 399 b. 1 BR, 1 BA 10 461 3 445 1 449 9 458 23 457 c. 2 BR, 1 BA 1 490 7 501 4 499 1 490 13 498 d. 2 BR, 2 BA 2 490 11 501 13 500 e. Totals 36-40%10 5 2 2 27 4 0 1 51 6. VERY LOW: 41-45% OF MEDIAN a. Studio 2 461 2 461 b. 1 BR, 1 BA 10 530 3 516 11 520 24 524 c. 2 BR, 1 BA 1 576 5 569 6 559 1 554 13 564 d. 2 BR, 2 BA 4 560 11 575 15 571 e. Totals 41-45%10 2 4 4 27 6 1 0 54 7. VERY LOW: 46-50% OF MEDIAN a. Studio 2 510 2 510 b. 1 BR, 1 BA 15 603 3 576 6 594 24 597 c. 2 BR, 1 BA 8 652 2 648 2 641 2 631 14 647 d. 2 BR, 2 BA 3 631 14 644 17 642 e. Totals 46-50%15 5 0 3 28 2 2 2 57 Total very low =83 31 26 15 206 21 10 10 402 ·Percent of total 59.71%50.00%57.78%68.18%56.13%65.63%62.50%66.67%57.59% 8. LOWER: 51-55% OF MEDIAN a. Studio 2 581 1 581 3 581 b. 1 BR, 1 BA 8 655 2 637 8 647 18 649 c. 2 BR, 1 BA 1 693 3 714 9 714 3 695 1 695 1 701 18 708 d. 2 BR, 2 BA 12 718 12 718 e. Totals 51-55%8 3 6 0 29 3 1 1 51 9. LOWER: 56-60% OF MEDIAN a. Studio 3 631 3 631 b. 1 BR, 1 BA 10 721 1 692 1 700 9 712 21 715 c. 2 BR, 1 BA 2 783 9 775 5 792 2 766 18 779 d. 2 BR, 2 BA 3 779 7 790 10 787 e. Totals 56-60%10 4 3 3 25 5 2 0 52 NEIGHBORS Oct-21 11/1/2021 CALIFORNIA VILLAS DESERT POINTE LAGUNA PALMS ONE QUAIL PLACE PALM VILLAGE SANTA ROSA TAOS PALMS TOTALS 11/01/2021 Page 6 of 11 Rpt #1 Multi-Family 10.21 REPORT #1 - MONTHLY OCCUPANCY AND AVERAGE RENT STATEMENT "MULTI-FAMILY"141 UNITS 64 UNITS 48 UNITS 24 UNITS 384 UNITS 36 UNITS 20 UNITS 16 UNITS 733 UNITS OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR NEIGHBORS CALIFORNIA VILLAS DESERT POINTE LAGUNA PALMS ONE QUAIL PLACE PALM VILLAGE SANTA ROSA TAOS PALMS TOTALS 10. LOWER: 61-65% OF MEDIAN a. Studio 4 679 4 679 b. 1 BR, 1 BA 7 777 12 770 19 773 c. 2 BR, 1 BA 1 859 2 864 1 836 1 842 5 853 d. 2 BR, 2 BA 1 842 7 851 8 850 e. Totals 61-65%7 5 0 1 21 0 1 1 36 11. LOWER: 66-70% OF MEDIAN a. Studio 3 835 3 835 b. 1 BR, 1 BA 5 977 4 940 9 960 c. 2 BR, 1 BA 4 1,086 1 1,105 1 1,105 6 1,092 d. 2 BR, 2 BA 2 1,127 8 1,136 10 1,134 e. Totals 66-70%5 3 0 2 16 1 1 0 28 12. LOWER: 71-75% OF MEDIAN a. Studio 2 875 2 835 4 855 b. 1 BR, 1 BA 8 997 4 1,001 12 998 c. 2 BR, 1 BA 1 1,223 1 1,223 d. 2 BR, 2 BA 3 1,228 3 1,228 e. Totals 71-75%8 2 2 0 8 0 0 0 20 13. LOWER: 76-80% OF MEDIAN a. Studio 1 835 1 835 b. 1 BR, 1 BA 4 1,007 1 969 6 982 11 990 c. 2 BR, 1 BA 1 1,214 2 1,223 1 1,208 4 1,217 d. 2 BR, 2 BA 6 1,239 6 1,239 e. Totals 76-80%4 2 1 0 14 1 0 0 22 Total lower =42 19 12 6 113 10 5 2 209 ·Percent of total 30.22%30.65%26.67%27.27%30.79%31.25%31.25%13.33%29.94% 14. MODERATE: 81-120% OF MEDIAN a. Studio 2 835 2 835 b. 1 BR, 1 BA 13 1,012 7 1,029 15 1,033 35 1,024 c. 2 BR, 1 BA 1 1,390 2 1,298 7 1,292 10 1,283 1 1,390 1 1,390 3 1,247 25 1,295 d. 2 BR, 2 BA 1 1,390 1 1,312 23 1,271 25 1,277 Total moderate =14 12 7 1 48 1 1 3 87 Percent of total 10.07%19.35%15.56%4.55%13.08%3.13%6.25%20.00%12.46% 15. Total units occupied:139 62 45 22 367 32 16 15 698 16. Occupancy rate =99%97%94%92%96%89%80%94%95% NOTE: For each project, to calculate average rent for a unit type at an income level, divide the total rental income of that unit type at that income level by the number of occupied units of that unit type at that income level.Occ Rate excluding properties under const/renov 96% 11/01/2021 Page 7 of 11 Rpt #1 Multi-Family 10.21 REPORT #1 - MONTHLY OCCUPANCY AND AVERAGE RENT STATEMENT REPORTING MONTH: REPORT DATE:REPORTED BY:TERESA VAKILI "SENIOR PROPERTIES"30 UNITS 73 UNITS 72 UNITS 27 UNITS 150 UNITS 15 UNITS 14 UNITS 381 UNITS OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR 1. VERY LOW: 20% OF MEDIAN a. Studio 1 251 5 169 5 184 11 183 b. 1 BR, 1 BA 2 189 3 224 2 204 7 208 c. 2 BR, 1 BA 1 204 1 204 d. 2 BR, 2 BA 0 - e. Totals 20%3 1 5 3 7 0 0 19 2. VERY LOW: 21-25% OF MEDIAN a. Studio 14 315 11 226 22 255 47 266 b. 1 BR, 1 BA 3 240 1 353 2 256 5 293 7 275 1 261 3 249 22 272 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 21-25%3 15 13 5 29 1 3 69 3. VERY LOW: 26-30% OF MEDIAN a. Studio 4 387 10 284 11 323 25 318 b. 1 BR, 1 BA 5 322 4 358 7 373 2 326 4 316 22 344 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 26-30%0 4 15 4 18 2 4 47 4. VERY LOW: 31-35% OF MEDIAN a. Studio 6 446 8 335 12 380 26 381 b. 1 BR, 1 BA 6 377 1 494 4 380 2 415 4 422 3 383 2 388 22 396 c. 2 BR, 1 BA 1 416 1 416 d. 2 BR, 2 BA 0 - e. Totals 31-35%7 7 12 2 16 3 2 49 5. VERY LOW: 36-40% OF MEDIAN a. Studio 4 517 4 387 12 445 20 448 b. 1 BR, 1 BA 2 453 1 565 2 447 5 478 6 486 2 449 18 476 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 36-40%2 5 6 5 18 2 0 38 6. VERY LOW: 41-45% OF MEDIAN a. Studio 5 571 4 446 12 510 21 513 b. 1 BR, 1 BA 4 507 1 654 1 517 1 541 5 564 2 506 2 504 16 536 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 41-45%4 6 5 1 17 2 2 37 7. VERY LOW: 46-50% OF MEDIAN a. Studio 9 645 3 523 6 574 18 601 b. 1 BR, 1 BA 3 575 2 706 4 566 5 638 1 596 2 581 17 609 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 46-50%3 11 7 0 11 1 2 35 Total very low =22 49 63 20 116 11 13 294 ·Percent of total 73.33%69.01%90.00%80.00%80.00%73.33%92.86%79.46% 8. LOWER: 51-55% OF MEDIAN a. Studio 3 703 6 631 9 655 b. 1 BR, 1 BA 2 637 3 695 1 631 6 665 c. 2 BR, 1 BA 1 698 1 698 d. 2 BR, 2 BA 0 - e. Totals 51-55%1 3 2 0 9 1 0 16 9. LOWER: 56-60% OF MEDIAN a. Studio 7 762 2 607 5 705 14 720 b. 1 BR, 1 BA 2 701 1 872 1 750 2 766 1 631 1 711 8 737 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 56-60%2 8 2 1 7 1 1 22 Oct-21 11/1/2021 PUEBLOS TOTALS SAGE CREST SR.CANDLEWOOD LAS SERENASCARLOS ORTEGA LA ROCCA VILLASCATALINA 11/01/2021 Page 8 of 11 Rpt #1 Senior 10.21 REPORT #1 - MONTHLY OCCUPANCY AND AVERAGE RENT STATEMENT "SENIOR PROPERTIES"30 UNITS 73 UNITS 72 UNITS 27 UNITS 150 UNITS 15 UNITS 14 UNITS 381 UNITS OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR OCC AR PUEBLOS TOTALS SAGE CREST SR.CANDLEWOOD LAS SERENASCARLOS ORTEGA LA ROCCA VILLASCATALINA 10. LOWER: 61-65% OF MEDIAN a. Studio 3 824 1 662 3 755 7 771 b. 1 BR, 1 BA 1 776 1 754 1 792 1 778 4 775 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 61-65%1 3 2 1 3 1 0 11 11. LOWER: 66-70% OF MEDIAN a. Studio 4 1,044 1 1,023 5 1,040 b. 1 BR, 1 BA 0 - c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 66-70%0 4 0 0 1 0 0 5 12. LOWER: 71-75% OF MEDIAN a. Studio 3 1,055 1 971 4 1,034 b. 1 BR, 1 BA 0 - c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 71-75%0 3 0 0 1 0 0 4 13. LOWER: 76-80% OF MEDIAN a. Studio 0 - b. 1 BR, 1 BA 1 968 1 1,006 1 1,306 3 1,093 c. 2 BR, 1 BA 0 - d. 2 BR, 2 BA 0 - e. Totals 76-80%1 0 0 1 1 0 0 3 Total lower =5 21 6 3 22 3 1 61 Percent of total 16.67%29.58%8.57%12.00%15.17%20.00%7.14%16.49% 14. MODERATE: 81-120% OF MEDIAN a. Studio 3 1,020 3 1,020 b. 1 BR, 1 BA 2 1,005 1 968 2 1,056 4 1,254 1 1,044 10 1,115 c. 2 BR, 1 BA 1 1,390 1 1,390 d. 2 BR, 2 BA 1 1,390 1 1,390 Total moderate =3 1 1 2 7 1 0 15 Percent of total 10.00%1.41%1.43%8.00%4.83%6.67%0.00%4.05% 15. Total units occupied:30 71 70 25 145 15 14 370 16. Occupancy rate =100%97%97%93%97%100%100%97% NOTE: For each project, to calculate average rent for a unit type at an income level, divide the total rental income of that unit type at that income level by the number of occupied units of that unit type at that income level.Occ Rate excluding properties under const/renov 98% 11/01/2021 Page 9 of 11 Rpt #1 Senior 10.21 REPORT #2 - MONTHLY NET OPERATING INCOME STATEMENT: REPORTING MONTH:Oct-21 "MULTI-FAMILY PROPERTIES"REPORTED BY: Teresa Vakili REPORT DATE: 11/1/2021 CALIFORNIA DESERT LAGUNA ONE QUAIL PALM SANTA TAOS MONTHLY INCOME LEVEL AVAILABLE VILLAS POINTE PALMS PLACE VILLAGE ROSA PALMS TOTALS OF OCCUPANT UNITS 141 64 48 24 384 36 20 16 733 REVENUE VERY LOW Up to 50% Occupied units 83 31 26 15 206 21 10 10 402 Total rental income 34,864 10,884 9,003 7,129 84,054 9,770 4,645 4,006 164,355 Per occupied unit 420 351 346 475 408 465 465 401 409 LOWER: 51% --> 80% Occupied units 42 19 12 6 113 10 5 2 209 Total rental income 34,778 14,074 9,147 5,433 97,931 8,358 4,168 1,543 175,432 Per occupied unit 828 741 762 906 867 836 834 772 839 MODERATE: 81% --> 120% Occupied units 14 12 7 1 48 1 1 3 87 Total rental income 14,546 12,859 9,044 1,312 57,558 1,390 1,390 3,741 101,840 Per occupied unit 1,039 1,072 1,292 1,312 1,199 1,390 1,390 1,247 1,171 Summary Income: Rental 84,188 37,817 27,194 13,874 239,543 19,518 10,203 9,290 441,627 Other Income: Laundry 369 - 590 643 2,964 661 468 - 5,695 Other 1,153 (3,993) (705) 1,027 6,136 (910) (868) (606) 1,234 Total Operating Income 85,710 33,824 27,079 15,544 248,643 19,270 9,803 8,684 448,556 Occupied Units 139 62 45 22 367 32 16 15 698 Income per occupied unit 617 546 602 707 678 602 613 579 643 EXPENSES Operating Expenses: Payroll 29,638 14,706 14,482 5,652 93,511 8,065 3,288 4,384 173,725 Per occupied unit 213 237 322 257 255 252 205 292 249 Administrative 7,153 3,243 2,801 1,073 21,062 2,179 1,365 726 39,603 Per occupied unit 51 52 62 49 57 68 85 48 57 Advertising/Promotion - - - - 74 - - - 74 Per occupied unit - - - - 0 - - - 0 Contract Services 6,000 3,086 3,100 2,220 15,856 2,340 2,286 1,845 36,734 Per occupied unit 43 50 69 101 43 73 143 123 53 Utility Services 18,883 7,768 6,289 1,500 72,455 2,634 1,373 1,357 112,258 Per occupied unit 136 125 140 68 197 82 86 90 161 Maintenance 8,671 4,144 11,118 14,299 39,846 2,713 5,901 2,641 89,333 Per occupied unit 62 67 247 650 109 85 369 176 128 Replacement expense 972 - 4,540 7,603 22,407 - 2,569 177,297 215,387 Per occupied unit 7 - 101 346 61 - 161 11,820 309 Capital expense - - - - - - - - - Per occupied unit - - - - - - - - - Total Operating Expenses 71,317 32,947 42,329 32,346 265,210 17,931 16,783 188,250 667,115 Per occupied unit 513 531 941 1,470 723 560 1,049 12,550 956 Summary Revenue and Expenses Total Operating Income 85,710 33,824 27,079 15,544 248,643 19,270 9,803 8,684 448,556 Total Operating Expenses 71,317 32,947 42,329 32,346 265,210 17,931 16,783 188,250 667,115 Monthly Net Operating Income 14,393 877 (15,250) (16,802) (16,567) 1,338 (6,980) (179,566) (218,558) Per occupied unit 104 14 (339) (764) (45) 42 (436) (11,971) (313) FYTD Net Operating Income* 132,749 35,378 14,365 1,914 352,960 28,365 (15,577) (1,597) 548,556 Previous Fiscal Year NOI (6/30/2021)*496,300 40,494 35,319 18,778 775,130 58,169 21,650 (9,331) 1,436,510 NEIGHBORS * For comparison purposes, Net Operating Income YTD excludes all capital expenditures and corresponding reimbursement, as those are typically paid from replacement reserve funds and/or bond funds at this time (not PDHA revenue). 11/01/2021 Page 10 of 11 Rpt #2 Multi-Family 10.21 REPORT #2 - MONTHLY NET OPERATING INCOME STATEMENT: REPORTING MONTH:Oct-21 "SENIOR PROPERTIES"REPORTED BY: Teresa Vakili REPORT DATE: 11/1/2021 CANDLEWOOD CARLOS CATALINA LA ROCCA LAS PUEBLOS SAGECREST MONTHLY INCOME LEVEL AVAILABLE ORTEGA GARDENS VILLAS SERENAS SR.TOTALS OF OCCUPANT UNITS 30 73 72 27 150 15 14 381 REVENUE VERY LOW: Up to 50% Occupied units 22 49 63 20 116 11 13 294 Total rental income 8,639 23,091 21,071 7,330 45,105 4,568 4,957 114,761 Per occupied unit 393 471 334 367 389 415 381 390 LOWER: 51% --> 80% Occupied units 5 21 6 3 22 3 1 61 Total rental income 3,844 18,128 3,904 2,548 16,493 2,040 711 47,668 Per occupied unit 769 863 651 849 750 680 711 781 MODERATE: 81% --> 120% Occupied units 3 1 1 2 7 1 - 15 Total rental income 3,400 1,390 968 2,112 8,076 1,044 16,990 Per occupied unit 1,133 1,390 968 1,056 1,154 1,044 1,133 Summary Income: Rental 15,883 42,609 25,943 11,990 69,674 7,652 5,668 179,419 Other Income: Laundry - - - - 556 - - 556 Other (959) (340) 2,312 (109) 3,317 (639) 750 4,332 Total operating income 14,924 42,269 28,255 11,881 73,547 7,013 6,418 184,307 Occupied Units 30 71 70 25 145 15 14 370 Income per occupied unit 497 595 404 475 507 468 458 498 EXPENSES Operating Expenses: Payroll 7,098 19,404 16,760 6,292 24,581 4,497 3,216 81,848 Per occupied unit 237 273 239 252 170 300 230 221 Administrative 1,399 3,948 3,989 1,279 7,966 778 718 20,077 Per occupied unit 47 56 57 51 55 52 51 54 Advertising/promotion - 40 - - - - - 40 Per occupied unit - 1 - - - - - 0 Contract services 2,165 5,238 4,846 2,905 8,043 1,735 1,701 26,633 Per occupied unit 72 74 69 116 55 116 122 72 Utility services 3,339 7,701 5,730 2,745 18,131 921 922 39,488 Per occupied unit 111 108 82 110 125 61 66 107 Maintenance 4,661 4,068 7,695 3,154 17,002 5,983 39 42,601 Per occupied unit 155 57 110 126 117 399 3 115 Replacement expense - 7,565 718 - 4,407 1,441 225 14,356 Per occupied unit - 107 10 - 30 96 16 39 Capital expense - - - - - - - - Per occupied unit - - - - - - - - Total Operating Expenses 18,663 47,962 39,736 16,376 80,130 15,355 6,822 225,043 Per occupied unit 622 676 568 655 553 1,024 487 608 Summary Revenue and Expenses Total Operating Income 14,924 42,269 28,255 11,881 73,547 7,013 6,418 184,307 Total Operating Expenses 18,663 47,962 39,736 16,376 80,130 15,355 6,822 225,043 Monthly Net Operating Income (3,739) (5,693) (11,481) (4,495) (6,583) (8,342) (404) (40,736) Per occupied unit (125) (80) (164) (180) (45) (556) (29) (110) FYTD Net Operating Income* 3,359 52,885 (12,097) 7,418 91,995 (9,875) 3,133 136,818 Previous Fiscal Year NOI (6/30/2021)* (25,254) 128,625 (82,847) (11,939) 265,208 (10,459) 2,761 266,095 * For comparison purposes, Net Operating Income YTD excludes all capital expenditures and corresponding reimbursement, as those are typically paid from replacement reserve funds and/or bond funds at this time (not PDHA revenue) 11/01/2021 Page 11 of 11 Rpt #2 Senior 10.21 Palm Desert Housing Authority Project Report November 2021 1 California Villas - 141 Units 77-107 California Drive • Completed one (1) make ready unit which include painting, cleaning and maintenance • Repaired cracked patio deck for unit #E-1 • Irrigation repair by Buildings B, E, F, H and I • Detailed office, clubhouse, restrooms and laundry room • Cleaned and detailed pool, exterior light fixtures, dumpsters and enclosures • Cleaned debris and leaves around sidewalks, parking lots and carports 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 42 0 / 0 0 / 0 0 1 Candlewood - 30 Units 74-000 Shadow Mountain Drive • Repaired flooring in the kitchen and bathroom entry of unit #25 • Inspected all fire extinguishers • Installed two (2) motion light sensors in the carport for units #A, B, C and D • Cleaned debris and leaves around parking lots and carports • Cleaned and detailed top railings, elevator, pools, laundry room, dumpsters and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 36 0 / 0 0 / 0 0 0 Carlos Ortega Villas – 73 Units 77-915 Avenue of the States • Completed two (2) make ready units which include painting, cleaning and maintenance • Detailed clubhouse, office, pool and laundry rooms • Irrigation repair next to the pool area, Buildings 2, 5, 6, 8 and North of leasing office • Mosquito spray treatment for the whole property • Cleaned debris and leaves around sidewalks, parking lots and carports 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 19 0 / 0 2 / 0 0 0 Palm Desert Housing Authority Project Report November 2021 2 Catalina Gardens - 72 Units 73-600 Catalina Way • Installed new water heater for unit #A-4 • Inspected all fire extinguishers • Irrigation repairs by Buildings A, O and pool area • Detailed office, clubhouse, pool, restrooms, mailboxes and laundry room • Cleaned debris and leaves around walkways, carports, dumpster and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 38 0 / 0 0 / 0 0 0 Desert Pointe - 64 Units 43-805 Monterey Avenue • Replaced a section of leaking waste line in the kitchen sink of unit #62. Extracted water and repaired flooring in the living room that was damaged from the flood • Irrigation repair next to parking area • Cleaned and detailed pool area and furniture • Cleaned debris and leaves around walkways, dumpster area, parking lots and carports 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 3 0 / 0 0 / 0 0 0 Laguna Palms - 48 Units 73-875 Santa Rosa Way • Completed one (1) make ready unit which include painting, cleaning and maintenance • Repaired and refinished tub and enclosure in the bathroom of unit #17 • Painted laundry room • Irrigation repair in front of unit #31 • Cleaned and checked all light fixtures throughout the property • Cleaned and detailed laundry, pool area, dumpsters and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 12 0 / 0 0 / 0 0 0 Palm Desert Housing Authority Project Report November 2021 3 La Rocca Villas - 27 Units 72-135 Golden Eagle Lane • Completed one (1) make ready unit which includes painting, cleaning and maintenance • Detailed clubhouse, restrooms and laundry room • Irrigation repair next to units #42149, #42219 and North of the clubhouse • Checked and cleaned lighting throughout the property • Cleaned walkways, benches, lamp posts, exterior light fixtures and carports throughout the property • Cleaned debris and leaves around walkways, dumpster areas, parking lots and carports 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 12 0 / 0 0 / 1 0 0 Las Serenas - 150 Units 73-315 Country Club Drive • Completed two (2) make ready units which includes painting, cleaning, and maintenance • Repaired A/C for unit #145, replaced bad TXV and reversing valve • Repaired and refinished kitchen counter in unit #121 • Repaired and refinished tub and enclosure in the bathroom of unit #221 • Tub conversion into walk-in shower for units #138 and #190, ADA accommodation • Irrigation repair next to Building C, East of the leasing office and main entrance • Cleaned office, clubhouse, pool furniture, laundry and restrooms • Cleaned debris and leaves in carports and throughout the property • Cleaned and detailed lamp posts, exterior light fixtures, dumpsters and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 45 0 / 0 1 / 2 2 1 Neighbors - 24 Units 73-535 Santa Rosa Way • Installed one (1) grab bar in the bathroom of unit #6, reasonable accommodation • Re-installed A/C air handler in unit #15 after completion of the water heater base installation • Irrigation repair next to the pool area and parking space 309 • Cleaned and detailed pool, stairs, exterior light fixtures, dumpsters and enclosures • De-webbed, cleaned debris and leaves throughout the property 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 4 0 / 1 0 / 0 0 0 Palm Desert Housing Authority Project Report November 2021 4 One Quail Place - 384 Units 72-600 Fred Waring Dr. • Completed three (3) make ready units which include painting, cleaning, and maintenance • Extracted water and cleaned carpet from water damage in units #205 and #206, resident left water running in the bathroom sink of unit #206 • Cleaned air ducts in unit #3005, previous resident was a heavy smoker • Replaced cracked window glass in units #3005 and #4107 • Repaired underground water main line leak for Building #9, replaced 1” PVC pipe and fittings • Replaced damaged pantry in unit #3005, make ready unit • Tub conversion into walk-in shower for unit #1501 and walk-in shower replacement in unit #4303 • Repaired and refinished kitchen counter, tub and enclosure in unit #4010 • Replaced faulty shower valve in the bathroom of unit #707 • Irrigation repair next to unit #4303 , Buildings 9, 19 and 25 • De-webbed, cleaned debris and leaves throughout the property • Cleaned and detailed boiler area, pools, sidewalks, parking areas, dumpsters and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 112 0 / 1 2 / 2 0 2 Palm Village - 36 Units 73-650 Santa Rosa Way • Completed two (2) make ready units which include painting, cleaning, and maintenance • Detailed laundry • Cleaned and checked all light fixtures throughout the property • Cleaned and detailed stairs, dumpster areas and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 7 0 / 0 0 / 0 3 0 Pueblos - 15 Units 73-695 Santa Rosa Way • Detailed laundry room • Irrigation repair next to unit #111 • Tub conversion into walk-in shower in unit #111, reasonable accommodation • Repaired A/C in unit #101, replaced blower motor • Inspected all fire extinguishers • Cleaned and detailed pool, pool furniture, dumpster area and enclosures • De-webbed and cleaned debris and leaves throughout property 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 4 0 / 0 0 / 0 0 0 Palm Desert Housing Authority Project Report November 2021 5 Sage Crest Senior - 14 Units 73-811 Santa Rosa Way • Detailed elevator • Inspected all fire extinguishers • Power washed dumpster area and enclosures • De-webbed and cleaned debris and leaves throughout the property 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 8 0 / 1 0 / 0 0 0 Santa Rosa – 20 Units 73-625 Santa Rosa Way • Completed one (1) make ready unit which includes painting, cleaning, and maintenance • Detailed laundry room • Cleaned stairs throughout property • De-webbed, cleaned debris and leaves around parking lots, dumpster area and enclosures 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 0 0 / 0 0 / 0 0 0 Taos Palms - 16 Units 44-830 Las Palmas • Repaired A/C for unit #16, adjusted loose fan motor blades • Irrigation repair next to units #2 and #8 • Cleaned and checked all light fixtures throughout the property • Cleaned and detailed roofs, dumpster areas and enclosures • De-webbed, cleaned debris and leaves throughout the property 10/31/21 # of Service Request(s) #Carpet/Vinyl Replacement Service Request(s) #Carpet/Vinyl Replacement Move Out(s) #Appliance(s) Replacement Service Request(s) #Appliance(s) Replacement Move Out(s) 6 0 / 0 0 / 0 0 0 10/31/21 TOTALS # of Service Request(s) TOTALS #Carpet/Vinyl Replacement Service Request(s) TOTALS #Carpet/Vinyl Replacement Move Out(s) TOTALS #Appliance(s) Replacement Service Request(s) TOTALS #Appliance(s) Replacement Move Out(s) 348 0 / 3 5 / 5 5 4