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TOTAL PROJECTED COSTS: $1,937,250.00 - page 3 / 15

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

2003A-C Round

PROJECT NAME:

R.A. Streb Complex

SITE LOCATION:

Angling Road, West of State Road 3 Kendallville, IN 46755 Noble COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Kendallville Housing Authority Melanie Hart 240 Angling Road Kendallville, IN 46755 (260) 347-1091

PRINCIPALS:

Kendallville Housing Finance Corporation, Indiana Capital Fund for Housing - I, L.P.

# OF UNITS AT EACH SET ASIDE:

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

3 15 6 0

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

23

Two bedroom:

1

Three bedroom:

0

Four bedroom:

0

Total units:

24

TOTAL PROJECTED COSTS: $1,679,877.00

RHTCs REQUESTED:

$131,480.00

COST PER UNIT:

$69,974.00

RHTCs RECOMMENDED:

$126,186.00

HOME FUNDS REQUESTED: $170,000.00

HOME FUNDS RECOMMENDED:$150,000.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-002

BIN:

IN-03-01200

HOME FUNDS AWARD #: HM-003-011

TRUST FUNDS AWARD#:

SET ASIDE:

General

COMMENTS: This elderly development will provide residents with pharmacy delivery, beauty services, and transportation.

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

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