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TOTAL PROJECTED COSTS: $1,937,250.00 - page 7 / 15

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

2003A-C Round

PROJECT NAME:

Canterbury House Apartments - Mann Road

SITE LOCATION:

5500 Mills Road Indianapolis, IN 46221 Marion COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Herman & Kittle Properties, Inc. Jeffrey L. Kittle 737 E. 86th Street Indianapolis, IN 46240 (317) 255-3111

PRINCIPALS:

Canterbury House-Mann Road, LLC, SunAmerica Affordable Housing Partners, Inc.

# OF UNITS AT EACH SET ASIDE:

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

7 80 33 18

Market Rate:

18

UNIT MIX

Efficiency:

0

One bedroom:

18

Two bedroom:

80

Three bedroom:

42

Four bedroom:

16

Total units:

156

TOTAL PROJECTED COSTS: $11,880,063.00

RHTCs REQUESTED:

$750,000.00

COST PER UNIT:

$69,750.00

RHTCs RECOMMENDED:

$750,000.00

HOME FUNDS REQUESTED: $0.00

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-029

BIN:

IN-03-00400

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Development Location - Large City

COMMENTS: This development will feature a clubhouse, pool, walk-in closets, private entrances to each unit, and credit counseling services on-site.

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

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