Laserfiche WebLink
Sources and Uses Budget <br />Funding Sources (Permanent Financing) <br />Source Amount <br />Federal Tax Credit Equity $7,183,105 <br />Section 8 Loan $416,254 <br />Deferred Developer Fee $83,793 <br />City of Santa Ana RDA Loan $469,000 <br />City of Santa Ana HOME Program Loan $1,500,000 <br />NSHP "Solar" Rebate $54,000 <br />Solar Credits 1603 $69,339 <br />Goodwill Industries Loan $125,000 <br />City of Santa Ana RDA Grant $100,000 <br />City of Santa Ana RDA Land $2,900,000 <br />Total Permanent Financing $12,900,491 <br />Funding Uses <br />Use Amount <br />Land Acquisition $2,920,000 <br />New Construction $5,822,284 <br />Architectural and Engineering Fees $994,000 <br />Construction Loan Interest and Fees $616,892 <br />Permanent Financing Origination and Closing Costs $29,163 <br />Legal and Audit Fees $100,000 <br />Operating Reserves $135,494 <br />Appraisal and Market Study $18,000 <br />California Tax Credit Allocation Committee Fees $49,295 <br />Permit Processing Fees $714,420 <br />Marketing $22,550 <br />Furnishings and Appliances $45,100 <br />Soft Cost Contingency $175,362 <br />Developer Profit and Overhead $1,257,930 <br />Total Project Uses $12,900,490 <br />~hibi~l <br />