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<br />January 14, 2019, Meeting – Item 4 <br />Attachment C <br />River Connection <br />Cornerstone Community Housing <br />1505-1525 River Road <br />• New construction proposal <br />• 61 units: 17 one-bedroom, 24 two-bedroom, 12 three bedroom, 8 four-bedrooms <br />• 46 units for 60% AMI, 8 units for 50% AMI, 6 units at 30% AMI, & 1 on-site manager <br />• Six units targeted to victims of domestic violence earning less than 30% AMI <br />• Two and three story buildings, an accessible playground, a raised bed community garden, secure bike storage, a promenade street connecting the river bike path to River Road, on-site stormwater infiltration, 78 parking spaces <br />• Community building with large meeting room, kitchen, laundry, computer room, and offices <br /> <br /> <br />• HOME funds requested: $817,114 <br />• Total development cost: $15,158,626 <br />• Cost per unit: $248,502 <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 second by Evaluation Committee for City owned property