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<br />January 14, 2019, Meeting – Item 4 <br />Attachment B <br />River Road Affordable Housing <br />St. Vincent de Paul <br />1505-1525 River Road <br />• New construction proposal <br />• 53 units: 11 one-bedroom, 17 two-bedroom, 25 three bedroom, <br />• Households earning less than 50% of area median income and one on-site manager <br />• Five units targeted to households earning less than 30% AMI and five units targeted to victims of domestic violence <br />• Two and three story buildings, a garden courtyard, garden plots, edible and native landscaping, hardscape play area, a playground, secure bike storage, on-site stormwater infiltration, 73 parking spaces <br />• Community building built to Essential Facility standards for disaster preparedness including back-up generator, PV panels, emergency supply room, meeting room, kitchen, laundry, computer room, and offices <br /> <br /> <br /> <br />• HOME funds requested: $725,000 <br />• Total development cost: $13,335,272 <br />• Cost per unit: $251,609 <br />• Other funding sources: 9% Low-Income Housing Tax Credits, state General Housing Account Program, Private bank loan, Eugene SDC exemption, EWEB incentives <br />• Ranked first by Evaluation Committee for City owned property