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TOTAL PROJECTED COSTS: $1,937,250.00 - page 4 / 15

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

2003A-C Round

PROJECT NAME:

Riverfront Apartments

SITE LOCATION:

1390 Fairfield Avenue Brookville, IN 47012 Franklin COUNTY

PROJECT TYPE:

AR

APPLICANT/OWNER:

Brookville Properties, LP Henry A. Olynger Jr. 5278 East 600 South Marion, IN 46953 (765) 674-3074

PRINCIPALS:

  • #

    OF UNITS AT EACH SET ASIDE:

60% of AMI:

7

50% of AMI:

26

40% of AMI:

11

30% of AMI:

6

Market Rate:

0

TOTAL PROJECTED COSTS: $2,461,596.00

RHTCs REQUESTED:

$78,506.00

UNIT MIX

Efficiency:

0

One bedroom:

18

Two bedroom:

24

Three bedroom:

8

Four bedroom:

0

Total units:

50

515 Properties, LLC, The Summit Group

COST PER UNIT:

$47,657.00

RHTCs RECOMMENDED:

$78,506.00

HOME FUNDS REQUESTED: $0.00

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-021

BIN:

IN-03-01300

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Preservation

COMMENTS: This development will utilize Rural Development Funding.

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

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