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EXHIBIT 1,YOUSING 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 <br /> General Partner(s) <br /> Limited Partner(s) h <br /> General Contractor/Construction Manager 6 c- �J(Th! r Yh ft‘1"1 <br /> Architect <br /> Attorney <br /> Accountant <br /> Property Manager � 6 r��` <br /> Lender(s) <br /> B.Project Development Costs <br /> Gross Construction Cost $ <br /> Professional Fees $ <br /> Finance/Carrying Costs $ <br /> Builder Profit $ <br /> Land and Site Costs $ <br /> TOTAL DEVELOPMENT COSTS $ <br /> • <br /> CDBG/HOME APPLICATION FY 94-4.1/1 <br />