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INDIANA HOUSING FINANCE AUTHORITY RENTAL HOUSING TAX CREDIT (RHTC) PROGRAM PROPOSED DEVELOPMENT SUMMARY

2003A-C Round

PROJECT NAME:

Whitley Meadows Apartments

SITE LOCATION:

South of 990 and 992 E. Hanna Street Columbia City, IN 46725 Whitley COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Whitley Crossings Neighborhood Corporation Katherine Fleck 107 N. Walnut Street Columbia City, IN 46725 (260) 244-7688

PRINCIPALS:

Whitley Meadows Apartments, Inc, Indiana Capital Fund for Housing

# OF UNITS AT EACH SET ASIDE:

60% of AMI: 50% of AMI: 40% of AMI: 30% of AMI:

2 11 5 3

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

8

Two bedroom:

12

Three bedroom:

1

Four bedroom:

0

Total units:

21

TOTAL PROJECTED COSTS: $1,937,250.00

RHTCs REQUESTED:

$145,400.00

COST PER UNIT:

$92,250.00

RHTCs RECOMMENDED:

$145,400.00

HOME FUNDS REQUESTED: $300,000.00

HOME FUNDS RECOMMENDED:$300,000.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-008

BIN:

IN-03-01700

HOME FUNDS AWARD #: CH-003-007

TRUST FUNDS AWARD#:

SET ASIDE:

Development Location - Rural

COMMENTS: This development is within walking distance of the YWCA, the public library, a city park and an elementary school. Additionally, six units will be set aside for persons with disabilities

R=Rehabilitation A/R=Acquisition/Rehabilitation NC=New Construction

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