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TOTAL PROJECTED COSTS: $1,937,250.00 - page 5 / 15

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

2003A-C Round

PROJECT NAME:

Lange Apartments

SITE LOCATION:

1401 Lafayette Avenue Terre Haute, IN 47804 Vigo COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

HCI Property Development - Lange Apartments, LP Rick Crawley 620 Eighth Avenue Terre Haute, IN 47804 (812) 231-8275

PRINCIPALS:

HCI Property Development Organization, Inc, Galen Goode

# OF UNITS AT EACH SET ASIDE:

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

12 29 12 3

Market Rate:

0

UNIT MIX

Efficiency:

28

One bedroom:

0

Two bedroom:

28

Three bedroom:

0

Four bedroom:

0

Total units:

56

TOTAL PROJECTED COSTS: $3,979,545.00

RHTCs REQUESTED:

$314,117.00

HOME FUNDS REQUESTED: $0.00

TRUST FUNDS REQUESTED: $300,000.00

APPLICANT NUMBER:

2003A-C-039

BIN:

IN-03-01000

TRUST FUNDS AWARD#:

TF-03-03

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS RECOMMENDED:$300,000.00

HOME FUNDS AWARD #:

COST PER UNIT:

$69,992.00

RHTCs RECOMMENDED:

$314,117.00

SET ASIDE:

Special Housing Needs - Persons with a disability

COMMENTS: 100% of the units in this development will be set aside for special needs population.

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

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