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TOTAL PROJECTED COSTS: $1,937,250.00 - page 12 / 15

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

2003A-C Round

PROJECT NAME:

Towne Village Apartments

SITE LOCATION:

Martin Street, North of State Road 6 Ligonier, IN 46767 Noble COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Region 3A Development & RPC David Koenig 217 Fariview Blvd. Kendallville, IN 46755 (260) 347-4714

PRINCIPALS:

To be formed wholly-owned of Region 3A, CSC Real Estate Advisors, Inc.

# OF UNITS AT EACH SET ASIDE:

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

3 15 6 4

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

14

Two bedroom:

14

Three bedroom:

0

Four bedroom:

0

Total units:

28

TOTAL PROJECTED COSTS: $1,968,249.00

RHTCs REQUESTED:

$159,938.00

COST PER UNIT:

$69,724.00

RHTCs RECOMMENDED:

$157,833.00

HOME FUNDS REQUESTED: $150,000.00

HOME FUNDS RECOMMENDED:$118,812.00

TRUST FUNDS REQUESTED: $96,200.00

TRUST FUNDS RECOMMENDED:$96,200.00

APPLICANT NUMBER:

2003A-C-003

BIN:

IN-03-01600

HOME FUNDS AWARD #: HM-003-012

TRUST FUNDS AWARD#:

SET ASIDE:

Special Housing Needs -Elderly

COMMENTS: This elderly development will offer library material coordination, developmental disabilities assistance, elder care/health services, grocery and health/beauty aid delivery, and transportation.

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

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