Common Contracts
1 similar Land Disposition, Development and Loan Agreement contracts
LAND DISPOSITION, DEVELOPMENT AND LOAN AGREEMENTLand Disposition, Development and Loan Agreement • February 6th, 2017 • California
PROFORMA - LIHTC Updated: 02.01.17 By: AM Notes: Las Terrazas Apartments Unincorp San Bernardin Geographic Inland Empire LIBORCap. Rate Const. Period Lease+Stabiliz 1.25% Equity from Fed. Tax Credits 17,691,466 Permanent Loan 4,208,635DDF + Soft $ 14,084,412Annual Fed. Tax Credits 1,862,260 Fed. Tax Credit Price $0.950 9% Housing TypeLand Acreage Project Type Family 5.50% n/a 5.920 18 months yes New Constr. 7 months Affordable Units UnitSquare Feet # ofBedrooms # ofUnits ProposedRents less Utilities AggregateMonthly Rents MonthlyUtility Allow. AggregateRents + Utility 100%Median Rents Aggregate100%Rents %AMI 570 1bd/1ba 2 294 588 66 720 1200 2,400 30% 570 1bd/1ba 20 474 9,480 66 10,800 1200 24,000 45% 570 1bd/1ba 6 534 3,204 66 3,600 1200 7,200 50% 570 1bd/1ba 0 0 - 66 - 1200 - 60% 835 2bd/1ba 6 350 2,100 82 2,592 1440 8,640 30% 835 2bd/1ba 4 566 2,264 82 2,592 1440 5,760 45% 835 2bd/1ba 27 638 17,226 82 19,440 1440 38,880 50% 835 2bd/1ba 14 782 10,948 82 12,096 1440 20,160 60% 1
