|
2001 Housing Bond Program Uptlate
<br />
<br />Pro act Name
<br />S onsor _
<br />Commitment Date Commitment
<br />Amount
<br />Ex endltures
<br />Remaining Funds Completion
<br />Date
<br />
<br />Completed Non-Landbanking Pro acts
<br />
<br />Rental Property Ac uisition Ch salis Foundation 6/17/2003 $260,000 $260,000 Dec-04
<br />Orange County, NC
<br />
<br />Rental Prope Acquisition Weaver Comm Housin Assoc 6/17/2003 $220,000 $220,000 Oct-03
<br />Canboro, NC
<br />
<br />New Construction Rusch Hollow Habitat for Humanity 5/20/2003 $170,000 $170,000 Jan-05
<br />Chapel Hill, NC
<br />
<br />Prope Acqufsitlon • Milton Avenue OCHLT 5/1/2008 $100,000 $100,000 Jun-08
<br />Chapel Hill, NC
<br />
<br />Property Ac uisition -Rental CASA, Inc 3/18/2008 $632,300 5632,300 Aug-08
<br />Cha el Hill, NC Pritchard Avenue Apartments
<br />
<br />New Construction -Sykes Street Pro act EmPOWERment, Inc 5/20/2003 $90,000 $90,000 Jun-08
<br />Chapel Hill, NC
<br />
<br /> Subtotals 57,472,300 51,472,300
<br />Incomplete Projects
<br />
<br />
<br />New Construction - Purefoy Drive Habitat for Humanity 4/24/2007 $450,000 $450,000
<br />Chapel HIII, NC
<br />
<br />Rental Property Ac uisition Affordable Rentals 6/17/2003 $300,000 $172,300 $127,700
<br />Orange County, NC
<br />
<br />New Construction -Rental Chrysalis Foundation 1/15/2008 $130,000 $130,000
<br />Chapel Hill, NC Rusch Hollow
<br />
<br />Second Mortgage Assistance - N. Fairview Habitat for Humanity 5/1/2008 $180,000 $180,000
<br />Hillsborou h, NC
<br />
<br />New Construction -Rental Banks Law Firm 6/5/2008 $1,000,000 $1,000,000
<br />Hillsborough, NC Eno Haven
<br />
<br /> Subtotals 52,060,000 5172,300 S1,667,700
<br />
<br />Completed Projects -Land Bankin
<br />
<br />Pro a Ac uisition EmPOWERment, Inc 11/3/2005 131,243 129,930 1,313
<br />Cha el Hill, NC
<br />
<br />Pro arty Acquisition Habitat for Humanit 12/19/2005 $205,000 $205,000
<br />Chapel Hill, NC
<br />
<br />Prope Acquisition Habitat for Humani 6/26/2006 $116,250 $116,250
<br />Hillsborou h, NC
<br />
<br />Pro arty Acqufsitlon - N. Fairview Habitat for Humanit 5/1/2008 $182,000 $154,000 528,000
<br />Hillsborou h, NC
<br />
<br />Sub-total 5634,49) 560b,180 529,313
<br />
<br />
<br />Total Commitments $4,166,783 52,249,780
<br />Total Commitments - Undisbureed 51,917,013
<br />
<br />Bond Funds Available Total 2001 Housin Bonds $4,000,000
<br /> Unallocated 1997 Housin Bonds $352,500
<br />
<br /> TOTAL 54,362,600
<br /> less Total Commitments 54,766,783
<br /> less OCHLTApplication Under Review 5200,000
<br /> remainin Housing Bond funds -574,293 Some a plicants have indicated that the will not use their
<br /> full allocation and those reductions will cover this pro'ected shortfall.
<br />
<br />l.:'r'J
<br />as of 8/7/2008
<br />
|