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Delta Court Village <br />Cornerstone Community Housing <br />850 & 870 Hunsaker Lane <br />• New Construction proposal <br />• 22 units: one-, two- and three-bedroom units <br />• Six units for households earning less than 50% <br />of area median income (AMI), 16 units for 60% <br />AMI <br />• Eight three-bedroom units for larger families <br />• Community building with gathering space, <br />offices, and large kitchen; playground; and <br />community garden <br />• Two units would be fully accessible and all <br />downstairs units would be adaptable to <br />persons with disabilities <br />Attachment D <br />• <br />• <br />QPROPOSEO SITE PLAN <br />HOME funds requested: $549,022 <br />Total development cost: $5,205,393 <br />Cost per unit: $236,609 <br />Other funding sources: 9% Low -Income <br />Housing Tax Credits, Private bank loan, <br />Eugene Systems Development Charge <br />exemption <br />Delta Court Phase I was acquired using <br />HOME funds in 2015, including the land for <br />Delta Court Village and 8 existing units <br />Property has City's Low -Income Rental <br />Housing Property Tax Exemption <br />20 -Year Affordability Period <br />Construction anticipated to begin Summer <br />2018 <br />January 22, 2018, Meeting - Item 2C <br />