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TOTAL PROJECTED COSTS: $1,937,250.00 - page 2 / 15

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

2003A-C Round

PROJECT NAME:

Main Street Commons

SITE LOCATION:

635 E. Main Street Greenwood, IN 46143 Johnson COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Zion Properties, LLC Martin V. Shrader 500 E Ohio Street, Suite 110 Indianapolis, IN 46204 (317) 655-7174

PRINCIPALS:

Main Street Commons Holdings, LLC, SunAmerica Affordable Housing

# OF UNITS AT EACH SET ASIDE:

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

15 36 15 4

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

34

Two bedroom:

36

Three bedroom:

0

Four bedroom:

0

Total units:

70

TOTAL PROJECTED COSTS: $6,080,783.00

COST PER UNIT:

$81,868.00

RHTCs REQUESTED:

$460,469.00

RHTCs RECOMMENDED:

$460,469.00

HOME FUNDS REQUESTED: $0.00

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-012

BIN:

IN-03-01100

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Special Housing Needs -Elderly

COMMENTS: This elderly development will feature an exercise facility, library, computer facility, and a beauty parlor.

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

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