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TOTAL PROJECTED COSTS: $1,937,250.00 - page 9 / 15

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

2003A-C Round

PROJECT NAME:

The Pillars

SITE LOCATION:

East of 3110 S. LaFountain Street Kokomo, IN 46902 Howard COUNTY

PROJECT TYPE:

NC

APPLICANT/OWNER:

Howard Community Hospital Nicola Scott 3500 South LaFountain Kokomo, IN 46902 (765) 453-8529

PRINCIPALS:

Pillars Community Housing Inc, an affiliate of IN Capital Funding for Housing

# OF UNITS AT EACH SET ASIDE:

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

0 0 0 25

Market Rate:

0

UNIT MIX

Efficiency:

0

One bedroom:

25

Two bedroom:

0

Three bedroom:

0

Four bedroom:

0

Total units:

25

TOTAL PROJECTED COSTS: $2,561,345.00

RHTCs REQUESTED:

$205,588.00

COST PER UNIT:

$95,083.00

RHTCs RECOMMENDED:

$205,588.00

HOME FUNDS REQUESTED: $300,000.00

HOME FUNDS RECOMMENDED:$300,000.00

TRUST FUNDS REQUESTED: $0.00

TRUST FUNDS RECOMMENDED:$0.00

APPLICANT NUMBER:

2003A-C-015

BIN:

IN-03-01500

HOME FUNDS AWARD #: HM-003-010

TRUST FUNDS AWARD#:

SET ASIDE:

Special Housing Needs - Persons with a disability

COMMENTS: This development will serve individuals and households that include an individual with a diagnosed chronic or mental illness.

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

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