Rehab Costs - $7,600,000 plus $1,200,000 contingency
Total Development Costs - $32,700,000
Financing - $18,800,000 tax exempt bonds from NYSHFA and $10,300,000 tax credit equity from Alliant
Forestvale Apartments
Jamaica Plain, Massachusetts
108 units
Purchase Price - $17,437,000
Rehab Costs - $2,912,000 plus $391,000 contingency
Total Development Costs - $25,223,000
Financing - $15,850,000 tax exempt bonds from MassHousing; $1,000,000 subordinate AHTF loan from DHCD; $1,250,000 subordinate CIPF loan from DHCD; and $5,863,000 tax credit equity from Alliant
Sycamore Village
North Lawrence, Massachusetts
168 units
Purchase Price - $10,685,000
Rehab Costs - $5,356,000 plus $636,000 contingency
Total Development Costs - $20,427,000
Financing - $10,157,000 tax exempt bonds from MassHousing; $1,000,000 subordinate AHTF loan from DHCD; $1,750,000 subordinate CIPF loan from DHCD; and $5,794,000 tax credit equity from Alliant
Florence Apartments
Roslindale, Massachusetts
138 units
Purchase Price - $16,342,000
Rehab Costs - $4,200,000 plus $520,000 contingency
Total Development Costs - $25,536,000
Financing - $15,364,000 tax exempt bonds from MassHousing; $1,000,000 subordinate AHTF loan from DHCD; $1,400,000 subordinate CIPF loan from DHCD; and $6,358,000 tax credit equity from Alliant
Maria Lopez
Bronx, New York
216 units
Purchase Price - $19,052,000
Rehab Costs - $5,184,000 plus $618,000 contingency
Total Development Costs - $31,839,000
Financing - $15,875,000 tax exempt bonds from NYCHDC; $1,550,000 subsidy loan from NYCHDC; $1,000,000 subordinate loan from Alliant for additional lot; and $9,575,000 tax credit equity from Alliant
Wesley Hall
Peekskill, New York
118 units (seniors 62+)
Purchase Price - $8,100,000
Rehab Costs - $3,372,000 plus $523,000 contingency
Total Development Costs - $15,800,000
Financing - $3,890,000 tax exempt bonds from NYSHFA; $3,540,000 subsidy loan from NYSHFA; $3,045,000 subordinate HTF loan; and $4,280,000 tax credit equity from Alliant
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