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TOTAL PROJECTED COSTS: $1,937,250.00 - page 11 / 15

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

2003A-C Round

PROJECT NAME:

Historic Jeff Centre

SITE LOCATION:

610 N. 9th Lafayette, IN 47901 Tippecanoe COUNTY

PROJECT TYPE:

AR

APPLICANT/OWNER:

Lafayette Neighborhood Housing Services, Inc. Patricia E. Stephenson 1119 Ferry Street Lafayette, IN 47901 (765) 423-1284

PRINCIPALS:

Historic Jeff Centre, Inc or LLC, Indiana Capital Fund for Housing

# OF UNITS AT EACH SET ASIDE:

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

12 38 16 4

Market Rate:

4

UNIT MIX

Efficiency:

6

One bedroom:

60

Two bedroom:

8

Three bedroom:

0

Four bedroom:

0

Total units:

74

TOTAL PROJECTED COSTS: $9,247,716.00

RHTCs REQUESTED:

$644,997.00

COST PER UNIT:

$89,097.00

RHTCs RECOMMENDED:

$644,997.00

HOME FUNDS REQUESTED: $0.00

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-019

BIN:

IN-03-00900

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Qualified Not-for-profit

COMMENTS: This development will turn the old Lafayette Jefferson High School, built in 1912, into 74 units of housing for elderly residents.

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

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