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<br />ORANGE COMMUNITY HOUSING CORPORATION <br />Sources and Uses Mar-99 <br />Meadowmont Affordable Townhomes <br />32 units on 2.15 acres <br />Uses of Funds Total Cost Per Unit Cost <br />Land Costs $(? $0 <br />Infrastructure $250,000 $7,813 <br />Soft Costs $226,600 $7,081 <br />Construction Costs $2,520,576 $78,768 <br />Interest $144,355 $4,511 <br />Fees and Permits $192,000 $6,000 <br />Development fee $64,000 $2,000 0~ <br />Contingency $200,000 $6,250 <br />Total Uses $3,597,531 112,423 <br />Sources of Funds ~ ~~ o <br />b <br />HOME $160,000 $5,000 ~~ o °,' <br />CDBG $160,000 $5,000 ^~ ~ <br />FHLB $0 $0 ~ <br />County bond $240,000 $7,500 ' <br />NCHFA $224,000 $7,000" ~ ~ <br />Total Subsidy $784,000 $24,500 ~~ <br />Bank Financing $2,813,531 <br />TOTAL SOURCES $3,597,531 $112,423 <br />less subsidy $87,923 <br />Downpayment $32,000 $1,000 <br />First Mortgage Amount $86,923 <br />Monthly payment $885 <br />Income required $35,550 <br />Meadowmont Sources and Uses <br />1 <br />