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EXHIBIT 1,HOUSING DEVELOPMENT AND SUBSTANTIAL REHABILITATION OF RENTAL <br /> PROPERTIES USING CDBG AND/OR HOME FUNDS, <br /> Housing development and substantial rehabilitation of multi-family rental properties using Community <br /> Development Block Grant and/or HOME Investment Partnership Program funds are subject to special <br /> tenant income criteria,affordability restrictions,and financial assistance analysis or layering evaluation, <br /> in addition to general federal compliance requirements. <br /> Applicants requesting funds to assist with the development or substantial rehabilitation of multi-family <br /> housing need to complete Exhibit 1 and provide the additional information requested as appropriate to <br /> the proposed project. <br /> A. Development Team <br /> Developer 62.5 I 7z==.' A C2..:).-C) A-- <br /> General <br /> —General Partner(s) i f../ / <br /> Limited Partner(s) , t1 /V <br /> General Contractor/Construction Manager -A-L1> <br /> Architect '3 t) /�— <br /> Attorney M(` c <br /> Accountant <br /> Property Manager S J 1 ( . A 1275D D 4— <br /> Lender(s) <br /> B.Project Development Costs <br /> Gross Construction Cost $ 1 3 ' S° U <br /> Professional Fees $ <br /> Finance/Carrying Costs $ <br /> Builder Profit $ <br /> Land and Site Costs $ <br /> TOTAL DEVELOPMENT COSTS $ 1771 5.0 <br /> o <br /> CDBG/HOME APPLICATION FY 94-4.1/1 <br />