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<br />January 14, 2019, Meeting – Item 4 <br />Attachment D <br />Harmony Court <br />Northwest Real Estate <br />Capital Corp <br />1505-1525 River Road <br />• New construction proposal <br />• 50 units: 12 one-bedroom, 16 two-bedroom, 16 three bedroom, 6 four-bedrooms <br />• 3 market-rate units, 9 units for 60% of AMI, 37 units for 50% AMI and one on-site manager <br />• 15 units targeted to victims of domestic violence, veterans, and persons experiencing homelessness <br />• Two-story buildings, a playground, basketball court, community garden, open green space and barbeque area, walking path with outdoor exercise equipment, 56 parking spaces <br />• Community building with large meeting room, kitchen, laundry, computer room, and offices <br /> <br /> <br />• HOME funds requested: $500,000 <br />• Total development cost: $10,594,705 <br />• Cost per unit: $211,894 <br />• Other funding sources: 9% Low-Income Housing Tax Credits, Eugene SDC exemption <br />• Ranked third by Evaluation Committee for City owned property