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Sources and Uses Budget <br />Funding Sources (Permanent Financine) <br />Source <br />Amount <br />Federal Tax Credit Equity <br />$7,183,105 <br />Section 8 Loan <br />$416,254 <br />Deferred Developer Fee <br />$83,793 <br />City of Santa Ana RDA Loan <br />$469,000 <br />City of Santa Ana HOME Program Loan <br />$1,500,000 <br />NSHP "Solar" Rebate <br />$54,000 <br />Solar Credits 1603 <br />$69,339 <br />Goodwill Industries Loan <br />$125,000 <br />City of Santa Ana RDA Grant <br />$100,000 <br />City of Santa Ana RDA Land <br />$2,900,000 <br />Total Permanent Financing <br />$12,900,491 <br />Funding Uses <br />Use <br />Amount <br />Land Acquisition <br />$2,920,000 <br />New Construction <br />$5,822,284 <br />Architectural and Engineering Fees <br />$994,000 <br />Construction Loan Interest and Fees <br />$616,892 <br />Permanent Financing Origination and Closing Costs <br />$29,163 <br />Legal and Audit Fees <br />$100,000 <br />Operating Reserves <br />$135,494 <br />Appraisal and Market Study <br />$18,000 <br />California Tax Credit Allocation Committee Fees <br />$49,295 <br />Permit Processing Fees <br />$714,420 <br />Marketing <br />$22,550 <br />Furnishings and Appliances <br />$45,100 <br />Soft Cost Contingency <br />$175,362 <br />Developer Profit and Overhead <br />$1,257,930 <br />Total Project Uses <br />$12,900,490 <br />Exhibit 1 <br />�9611 i <br />