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HH-2021-001-HopeSource-CIP Fully Executed
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2023
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11. November
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2023-11-21 10:00 AM - Commissioners' Agenda
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HH-2021-001-HopeSource-CIP Fully Executed
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Last modified
11/16/2023 1:47:15 PM
Creation date
11/16/2023 1:46:19 PM
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Meeting
Date
11/21/2023
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Request to Approve a Resolution Authorizing an Amendment of the July 15, 2021, Capital Improvement Program Contract with HopeSource
Order
11
Placement
Consent Agenda
Row ID
111109
Type
Contract
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Elected As Per WSHFC <br />Total 004 30%40%5001 <br />48 0 24.00 0.00 24.00 <br />0 500k <br />30% AMt <br />0% <br />10% AMt <br />50% <br />50% AMt Secfion 8 %Units <br />20 10.00 0.00 10.00 0.00 42% <br />28 14.00 0.00 14.00 0.00 58% <br />18 0 21 0 24 0 100% <br />0%50.00%0o/5 50-0004 00/6 <br />1 <br />CLE ELUM APARTMENTS <br />Revised: 0313012021 <br />INCOME <br />Unil lncome T <br />UNIT MIX MATRIX <br />2Br <br />Per Cent Of <br />0 300/o AMI 40% AMt 50% AMI Section 8 M <br />1 BR - LIHTC '7.59o/o <br />-13.01o/o2 BR . LIHTC <br />Total [Jnits <br />Total <br />Total Square Footage 47,203 <br />TOTALCAPITAL USES <br />Construction 16 Base, escalation &furnishings <br />Consl 633 $14.15 6.50% of total conslrucfion cosls <br />A&E Fees 000 ,53 Architecture & Subconsultants <br />Other Professional Fees 5.23 All other minus dev fee <br />Prof 03 0.00% allfees minus dev fee <br />Costs 0,91 All costs incl reserves & rent up costs <br />Fees 11.110/" OllolalLIHTC dev costs <br />Total <br />184 <br />$ <br />s15./3 /?.7 <br />HopeSource SRI Total <br />Total Fee <br />Paid Fee <br />$467,461 $1,090,742 <br />$390,653 $91 1,524 <br />$1,558,203 <br />$1,302,177TOTAL Perunit SF <br />.82 <br />Solar Credits 00 <br />Bank 00 <br />WA State HTF <br />Kittitas 2060 Funds <br />Cash Flow <br />Defened Dev Fee and/or Developer Cas $256,026 95,225 95.42Total $15,731,727 $321,056 $333.28 <br />GAP So,o() <br />REVENUE & EXPENSES Per Unit SF <br />Rental lncome - lncl <br />Service <br />NOt <br />LP <br />Bank Debt <br />Soft Debt <br />Owner Servce <br />Fee <br />Net Cash Flow <br />ADJUSTMENTS <br />339.00 621.00 672.00 <br />412.00 749.00 861.00 <br />1 <br />49 0 0 0 24 0 <br />uooortive Service lJnits 24 24 <br />508 <br />800 <br />Paid Development Fee $1,558,203 9.90%nel <br />Iotal Reserves $0 0.00% ofTDC <br />Total ConUnoencies $836.537 5.32o/o of TDC <br />30% <br />1. TDC Waiver <br />2. Equity Pricing <br />3. High Cost or Low Cost Area <br />4. Need to figure out how to score <br />20210330 CleElum Family Proforma Vl.xlsx Summary
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