Laserfiche WebLink
APPENDIX A <br />CALIFORNIA HOUSING FINANCE AGENCY <br />Location: PLEASANTON, ALAMEDA COUNTY <br />COMMITMENT SUMMARY <br />(Initial /Final) RIDGEVIEW COMMONS <br />CHFA #87 -007 -N <br />DATE: AUGUST 22, 1988 <br />Developer: EDEN HOUSING, INC. <br />Description: TWO HUNDRED UNIT ELDERLY DEVELOPMENT TO BE FINANCED UNDER <br />THE STATE /LOCAL PROGRAM. <br />Mortgage Requested <br />Other (State /Local) <br />Total Development Cost <br />FINAL PER UNIT <br />$ 8,740,000 $ 9,360,000 46,800 <br />$ 996,932 $ 1,000,000 5,000 <br />$17,040,442 $17,431,232 53.6% LTC <br />INITIAL <br />Locality /Other Involvement <br />City Housing Fund $1,550,146 $2,000,000 $10,000 <br />HODAG $4,000,000 $4,000,000 $20,000 <br />City Fee Waivers $ 750,296 $ 750,296 $ 3,752 <br />Land Lease $2,000,000 $2,900,000 $14,500 <br />Number of units: 200 Elderly of which 10 are handicapped. <br />Index: <br />9 very low income (1P) 1 bedroom @ $250 <br />63 very low income (2P) 1 bedroom @ $350 <br />108 low income (1P) 1 bedroom @ $525 <br />1 very low income (2P) 2 bedroom @ $285 <br />7 very low income (3P) 2 bedroom @ $395 <br />12 low income (2P) 2 bedroom @ $595 <br />Page <br />Narrative 2 and 3 <br />Project Features and Appraisal 4 <br />Income Analysis (rents) 5 <br />Income Analysis (expenses) 6 <br />Cost Analysis 7 <br />Commitment Terms 8 <br />Cash Flow Projections 9 <br />Fees, Surveys and Permits 10 <br />Location Map 11 <br />