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TOTAL PROJECTED COSTS: $1,937,250.00 - page 8 / 15

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

2003A-C Round

PROJECT NAME:

Franklin Greens Village

SITE LOCATION:

Upper Shelbville Road Franklin, IN 46131 Johnson COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Rouse & Associates Elizabeth K. Rouse PO Box 21986 Lexington, KY 40522 (859) 260-1200

PRINCIPALS:

Rouse & Associates,

  • #

    OF UNITS AT EACH SET ASIDE:

60% of AMI:

7

50% of AMI:

38

40% of AMI:

16

30% of AMI:

9

Market Rate:

4

UNIT MIX

Efficiency:

0

One bedroom:

0

Two bedroom:

41

Three bedroom:

24

Four bedroom:

9

Total units:

74

TOTAL PROJECTED COSTS: $6,699,178.00

RHTCs REQUESTED:

$486,660.00

COST PER UNIT:

$86,138.00

RHTCs RECOMMENDED:

$459,913.00

HOME FUNDS REQUESTED: $0.00

HOME FUNDS RECOMMENDED:$0.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-037

BIN:

IN-03-00700

HOME FUNDS AWARD #:

TRUST FUNDS AWARD#:

SET ASIDE:

Development Location - Small City

COMMENTS: This development will consist of duplexes with individual parking with single-car garages. Additionally, homeownership training programs will be offered in the community building.

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

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