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Grant # <br />Type: <br />Applicant: <br />Project Name: <br />Project Location: <br />Council District: <br />Livable Communities Project Summary <br />SG -10103 <br />Local Housing Incentives Account <br />City of Mounds View <br />Boulevard <br />7980 Groveland Road <br />District 10 — Marie McCarthy <br />Project Detail <br />Project Overview <br />The Boulevard is a 60 -unit complex located near Highway 10 and <br />Groveland Rd in Mounds View. The development also has convenient <br />access to public transportation and direct access to a system of bike trails. <br />Total housing units <br />60 <br />Affordable units <br />4 @ 30% AMI; 56 @ 60% AMI <br />Anticipated # bedrooms <br />15 —1 BR; 28 — 2 BR; 17 — 3 BR <br />Est. total development cost <br />$14,711,961 <br />Est. private funds leveraged <br />$4,285,961 <br />Est. public funds leveraged <br />$10,135,422 <br />Funding <br />$500,000 <br />LHIA <br />$9,535,422 <br />Minnesota Housing <br />LHIA Match <br />City of Mounds View <br />Other Funding Sources <br />$3,773,535 <br />Syndication Proceeds <br />$500,000 <br />General Partner Loan — Mounds View <br />$100,000 <br />Ramsey County Housing & Redevelopment Authority <br />$1,800 <br />Energy Rebates <br />$510,626 <br />Deferred Developer Fee <br />