Laserfiche WebLink
ASSUMPTIONS <br /> DATE 24-Jan-94 <br /> PROJECT NAME NCUNDS VIEW/SEiNIOR <br /> NUMBER OF UNITS 80 <br /> YEAR 1 <br /> 1995 <br /> OCCUPANCY 95. 00% <br /> RENTAL INFLATION 3 .001 <br /> EXPENSE INFLATION 4 .00% <br /> TAXES/UNIT <br /> $1,500 <br /> OPERATING EXPENSE/UNIT $1,950 <br /> ANNUAL RESERVE/UNIT- - $150 <br /> RESERVE INTEREST 3 .54 <br /> APPLICABLE ANNUAL RATE 8 .361 <br /> % OF BLDG QUALIFYING 73 . 00% <br /> 1. USES <br /> LAND @ $160, 000 <br /> HARD COSTS $3 , 407, 000 <br /> SOFT COSTS $1, 003 , 000 <br /> RESERVES $100, 000 <br /> TOTAL USES $4, 670 , 000 <br /> 2. SOURCES <br /> ?MORTGAGE LOAN FINANCING $2 , 920, 000 <br /> TAX CREDIT PROCEEDS $1, 750, 000 <br /> TOTAL SOURCES <br /> $4 , 570, 000 <br /> 3 . TAX CREDITS <br /> =aria---- <br /> YE.RS 1-10 <br /> �.7iaf�fi1�i <br /> % OF BUILDING COST QUALIFYING 73 . 00A <br /> APPLICABLE ANNUAL RATE 8 . 36% <br /> TOTAL ELIGIBLE COSTS $4 , 131, 000 <br /> TOTAL QUALIFYING COSTS $3 , 015, 000 <br /> ANNUAL CREDIT .ANCUNT $ 252 , 100 <br />