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Market District Commons <br />HACSA <br />6th Avenue and Oak Street <br />• New construction proposal <br />• 50 units: 42 one -bedroom and eight two- <br />bedroom <br />• Households earning less than 60% of area <br />median income <br />• Ten units targeted to homeless veterans <br />(VASH) <br />• Four residential stories above commercial <br />• Cornerstone Community Housing will <br />provide resident services, VA would provide <br />case management for VASH units <br />• Three units accessible to persons with <br />physical disabilities, one unit accessible for <br />sensory disabilities, other units adaptable <br />BTHAVENUE <br />L1 VIEW FROM SOUTHEAST CORNER <br />Attachment C <br />• HOME funds requested: <br />_ $700,000 <br />( Q q p • Total development cost: <br />$15,861,659 <br />[0 -= • Cost per unit: $283,783 <br />(� ;= • Other funding sources: 9% <br />- Low -Income Housing Tax <br />- Credits, state General <br />Housing Account Program, <br />Private bank loan, Eugene <br />Systems Development <br />Charge exemption <br />• Option for 99 -year Lease <br />from Lane County <br />• 20 -Year Affordability Period <br />• Construction anticipated to <br />begin Summer 2018 <br />OAK gTFtEE� <br />January 22, 2018, Meeting - Item 2C <br />°»ama <br />BTHAVENUE <br />L1 VIEW FROM SOUTHEAST CORNER <br />Attachment C <br />• HOME funds requested: <br />_ $700,000 <br />( Q q p • Total development cost: <br />$15,861,659 <br />[0 -= • Cost per unit: $283,783 <br />(� ;= • Other funding sources: 9% <br />- Low -Income Housing Tax <br />- Credits, state General <br />Housing Account Program, <br />Private bank loan, Eugene <br />Systems Development <br />Charge exemption <br />• Option for 99 -year Lease <br />from Lane County <br />• 20 -Year Affordability Period <br />• Construction anticipated to <br />begin Summer 2018 <br />OAK gTFtEE� <br />January 22, 2018, Meeting - Item 2C <br />