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GRERAL INFORMATION 09-Oct-96 <br /> ply Pe.............................. Cgwsmon ew Cxinstruction <br /> Project NMw..........................Proj.Homeatart/Orange Batt.Women's <br /> City...........................................Chapel Hill <br /> County......................................Orange - <br /> Funding Requested.................. $150.000 <br /> Applicant...................................Inter-Faith Council <br /> Contractor.................................To Be Determined <br /> Selection Process.....................To Be Determined <br /> Sits Stze....................................3 acres <br /> Unit Types............................. Trans.Hag.&Shelter NCOMETA , UNITS %MEDIAN UNITS %MEDIAN <br /> Median Income......................... s48.600 01 0-30% <br /> Revision Data...........................AugUst4,1994 <br /> Project Biome Start,&Orange Co.Battered Women's Shelter,Homestead Road Chapel Hill <br /> BR SIZE ## SO FT RENT UTU S MHC HH adj. Aff to %med <br /> OBR 15 300 250 0 250 0.70 $10,000 305% <br /> 1 BR 0 0 0 0 0 0.70 $0 0.0% <br /> 2 BR 0 0 0 0 0 0.80 s0 0.0% <br /> 3 BR 0 0 0 0 0 0.90 $0 0.0% <br /> 4 BR 0 0 0 0 0 1.00 $0 0.0% <br /> 5 BR 0 0 0 0 0 1.08 $0 0.0% <br /> TOTAL UNITS 15 TOTAL <br /> ••COSTS NOTIN BASIS <br /> DEVELOPMENT BUDGLrr COST OP/SVCSBUDGET COST ISTYRREV <br /> 1.building purchase $0 1.advertise/market $0 $45,000 <br /> 2.rehab $0 0.0% 2.management fee s0 $0 <br /> 3.demolition s0 3.legal so $0 <br /> 4.on-site improvs• $0 4.administrative $185,940 $0 <br /> 5.new construction $996,448 5.utilities $21,780 $0 <br /> 6.accessory building* s0 6.operating -$36,830 $0 <br /> 7,general requirements- SO 7.elevator so $45,000 <br /> 8.overhead* 0.0% $0 8.trash $800 <br /> 9.profit* 0.0% s0 9.Decorating/Repa $0 1ST YEAR INCOME <br /> 10.contingency 0.0% $0 10.Maint/repair $8,380 <br /> 11.cost certification $0 11.grounds $0 <br /> 12.architect design $26395 12.RP taxes $0 Client/Program Fees $0 <br /> 13.architect supervision 56,599 13.payroll taxes s0 ESGP s0 <br /> 14.RE attorney 510,000 14.insurance $7,700 FEMA $0 <br /> 15.consult/proc •• so 15. Services $35,700 HOPWA so <br /> 16.survey $20,000 $0 16.replace reserve $0 Ryan White So <br /> 17.construct insurance $0 17.TOTANNUAL $297,130 United Way $0 <br /> 18.construct origination so 18.annual per unit $19,809 Local Govt s0 <br /> 19.constr loan interest $0 Community Contrib. So <br /> 20.construction loan credit $0 Churches s0 <br /> 21.taus $500 COST'SUMMARY Other Fundraising $297,130 <br /> 22.bond premium•• so Other -Restricted Grants $0 <br /> 23.credit report $0 113% landlimprovements $138,000 Other-Unrestricted Grants $0 <br /> 24.perm loan orig fee "• so 84.4% construction $1,029,442 <br /> 25.perm loan credit •" $0 43% soft costs $52,500 TOTAL $297,130 <br /> 26.cost of issue •• so 0.0% developer fee s0 <br /> 27.title/recording $0 0.0% reserves(eserms So <br /> 28.other attorney's fees $0 0.0% other $0 <br /> 29.furnish/equip $20,000 0.0% BLDGACQ $0 <br /> 30.appraisal So 100.0% TOTAL $1,219,942 <br /> 31.market study $0 PER UNIT $81329 <br /> 32.environmental $2,000 <br /> 33. tax credit fees s0 <br /> 34.renmp expenses•• so <br /> 35.organizational•• so SOURCES AMOUNT <br /> 36.tax opinion •• s0 0.0% 1st s0 <br /> 37.developer fee 0.0% $0 13.9% SNHDP Defer $150,000 <br /> 38.renmp reserve '• s0 0.0% SPNHDPAMORT So <br /> 39.operating reserve •• s0 0.0% LIHTC so <br /> 40.escrows •• SO 37.0% HUD SEP 5400,000 <br /> 41.relocation SO 0.0% TRUST FUND $o <br /> 42. tax credit monitoring fee •' s0 0.0% Vol.Tune $0 <br /> 43.Acquisition fee s0 49.2% Local fundraising $531,942 <br /> 44.Other-Aoq.Fee s0 0.0% Contr.Mater. So <br /> 45.TOTAL DEVELOPMENT COST $1,081,942 100.0% TOTAL $1,081,942 <br /> 46. less federal financinglhistoric so DIFFERENCE ($138,000 value of leased land <br /> 47.less org/tax op $0 TOTAL PER UNII $72129 <br /> 48. less reserves s0 <br /> 49. lets rentup expenses so <br /> 50. less consultiother so TOTAL SPNHDP $150,000 <br /> 51. Less perm loan trig fee s0 PER UNIT $10.000 <br /> 52. ten monitoring fee s0 <br /> 53.TOTAL ELIGI13LEBASIS $1.081,942 <br /> 54. times applicable% 100.00% <br /> 55.TOTAL QUALIFIED BASIS $1.081.942 <br /> 56. times tax credit rate 837% - <br /> 57.CREDITS REQUESTED so $0 EQUITY @ S30 <br /> 58. land value $138,000 =leased from Orange County <br /> 59.TOTAL DEVELOP'r¢NTCOST $1,219,942 <br /> 60. COST/UNTT W/LAND $81329 - <br /> •=included in tine item for construction.Cost details pending <br />