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TOTAL PROJECTED COSTS: $1,937,250.00 - page 13 / 15

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

2003A-C Round

PROJECT NAME:

Stones Greens Village

SITE LOCATION:

Cadogan Drive at Stones Crossing Road West Stones Crossing, IN 46143 Johnson COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Rouse & Associates Elizabeth K. Rouse PO Box 21986 Lexington, KY 40522 (859) 260-1200

PRINCIPALS:

Rouse & Associates,

  • #

    OF UNITS AT EACH SET ASIDE:

60% of AMI:

11

50% of AMI:

38

40% of AMI:

16

30% of AMI:

9

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

0

Two bedroom:

37

Three bedroom:

28

Four bedroom:

9

Total units:

74

TOTAL PROJECTED COSTS: $7,120,731.00

RHTCs REQUESTED:

$479,575.00

COST PER UNIT:

$85,847.00

RHTCs RECOMMENDED:

$476,001.00

HOME FUNDS REQUESTED:

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-035

BIN:

IN-03-01400

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Development Location - Rural

COMMENTS: Each family residing in the development will be given the opportunity to participate in an on-site organized program to assist them in achieving the ultimate goal of homeownership.

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

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