Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will fund up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 2 contracts
Samples: Grant Agreement, Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 490,888 required monthly to fund the construction in this application. The With the projected funds required monthly to pay contractor invoices, the applicant anticipates obtaining a construction loan which will fund up front construction costs prior should work with GLO to identify the disbursement of time-period required to process CDBG-DR fundsreimbursements and consider any responsibility in funding costs up front.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 105,515 required monthly to fund the construction in this application. The applicant anticipates obtaining a has proposed construction loan which will fund up front financing through BHHH Companies Inc. to float the funds needed during the construction costs prior to period while they await reimbursement from the disbursement of CDBG-DR fundsGLO.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and as modeled identified an average for the first six months of $1,703,279 2,034,269 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 1,101,196 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will be able to utilize interim financing to fund up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 131,753 required monthly to fund the construction in this application. The With the projected funds required monthly to pay contractor invoices, the applicant anticipates obtaining a construction loan which will fund up front construction costs prior should work with GLO to identify the disbursement of time-period required to process CDBG-DR fundsreimbursements and consider any responsibility in funding costs up front.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and as modeled identified an average for the first six months of $1,703,279 1,155,729 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will can be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 679,405 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan in the amount of $4,475,000 which will can be utilized to fund up up-front costs of construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and as modeled identified an average for the first six months of $1,703,279 1,155,729 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will can be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.. Rent Analysis
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 194,025 required monthly to fund the construction in this application. The applicant anticipates obtaining a utilizing owner equity contributions to fund up-front costs of construction loan which will fund up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 158,223 required monthly to fund the construction in this application. The With the projected funds required monthly to pay contractor invoices, the applicant anticipates obtaining a construction loan which will fund up front construction costs prior should work with GLO to identify the disbursement of time-period required to process CDBG-DR fundsreimbursements and consider any responsibility in funding costs up front.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 284,230 required monthly to fund the construction in this application. The applicant anticipates obtaining has incorporated a construction loan which will fund up front for the construction costs incurred prior to the disbursement of CDBG-DR fundsdisbursement.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 436,727 required monthly to fund the construction in this application. The With the projected funds required monthly to pay contractor invoices, the applicant anticipates obtaining a construction loan which will fund up front construction costs prior should work with GLO to identify the disbursement of time-period required to process CDBG-DR fundsreimbursements and consider any responsibility in funding costs up front.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 106,448 required monthly to fund the construction in this application. The With the projected funds required monthly to pay contractor invoices, the applicant anticipates obtaining a construction loan which will fund up front construction costs prior should work with GLO to identify the disbursement of time-period required to process CDBG-DR fundsreimbursements and consider any responsibility in funding costs up front.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 263,783 required monthly to fund the construction in this application. The applicant anticipates obtaining has incorporated a construction loan which will fund up front for the construction costs incurred prior to the disbursement of CDBG-DR fundsdisbursement.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 956,367 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which funding obtained from BBVA Compass Bank will fund be able to support up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 211,404 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 595,542 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will fund up interim financing to cover up- front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 2,204,228 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan in the amount of $14m from X.X. Xxxxxx Chase Bank which will can be utilized to fund up up-front costs of construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 699,798 required monthly to fund the construction in this application. The applicant anticipates obtaining securing a construction loan which will to help fund up front construction costs prior to the disbursement of CDBG-DR fundsDR.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 614,502 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will fund up interim financing to cover up- front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 810,268 required monthly to fund the construction in this application. The applicant anticipates obtaining to secure a construction loan which will to help fund up front construction costs prior to the disbursement of CDBG-DR funds.DR. Rent Analysis
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 809,205 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will application identifies financing sources other than CDBG-DR that can be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 2,742,500 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will can be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 809,205 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will application identifies financing sources other than CDBG-DR that can be utilized to fund up up-front construction costs prior to the disbursement of CDBG-DR funds.. Rent Analysis
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month 18‐month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 338,811 required monthly to fund the construction in this application. The applicant anticipates obtaining a construction loan which will fund up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement
Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $1,703,279 2,875,162 required monthly to fund the construction in this application. The applicant anticipates obtaining a application indicates construction loan financing in the amount of $25.5 million as well as private equity funds which will fund cover up front construction costs prior to the disbursement of CDBG-DR funds.
Appears in 1 contract
Samples: Grant Agreement