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Item 4 - Low-Income Prop Tx Ex.
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Item 4 - Low-Income Prop Tx Ex.
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6/9/2010 1:09:41 PM
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8/9/2004 11:49:56 AM
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City_Council_Document_Type
Agenda Item Summary
CMO_Meeting_Date
8/9/2004
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SOURCES OF FUNDING <br /> Project Name: Santa C!ara Plaza Date: 05/04/04 <br /> HOME <br /> Match Anticipated or Firm <br />Funding Source ;(check) Committed Conditional Tentative Commitment Date <br />OHCS GRANTS & EQUITY <br />LIHTC Equity X 5,784,000 <br />HOME <br />Trust Fund <br />HELP <br />Alcohol & Drug Free Housing <br />LI Weatherization Program <br />OHCS LOANS <br />Tax Exempt Bonds <br />HOME <br />Trust Fund <br />Alcohol & Drug Free Housing <br />ORR <br />NON-OHCS GRANTS <br />City HOME 425,000 <br />City Waivers X 15,000 <br />EWEB Waivers X 25,000 <br />City Land X 450,000 <br />Lane County Road Funds X 150,000 <br />NON-OHCS LOANS <br /> <br />Permanent Loan with OAHTC from NOAH 867,000 <br />APPLICANT CONTRIBUTIONS <br />Cash <br />Deferred Development Fee X 40,404 <br />OTHER: <br />Cashflow During Rehab <br />Super Good Cents X 21,50(3 <br />Business Energy Tax Credits X 25,679 <br />EWEB Incentives X 23,725 <br />SUBTOTALS $'1,105,404 $937,904 $5,784,000 <br />TOTAL FUND SOURCES $7,827,308 <br /> Surplus or Gap 0 (Note: Total Fund Sources must match "Total Project Cost" from <br /> Uses of Funding page.) <br /> Other HCS non-equity sources: <br /> Oregon Affordable Housing Tax Credit (OAHTC) $350,000 (loan amount) <br /> Seed Money Advance Loan (loan amount) <br /> Predevelopment Loan (loan amount) <br /> <br /> Other HOME Match (e.g., tax exemption) Source: City of Eugene $700,000 (amount) <br /> <br /> Fail 2003 Funding Pro Forma 1 of I OHCS <br /> <br /> <br />
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