| Palace |
| View |
| Apartments |
| Danbury, Connecticut |
|
|
| Introduction |
| The Developer
|
| The Residents |
| The Member |
| The Architect
|
| The Numbers |
| Danbury |
 |
 |
| Palace View resident in the community room. |
The Numbers
(Final
numbers as of 9/24/2001)
| Sources |
|
| Federal Home Loan Bank of Boston Affordable Housing Program Grant |
$250,000
|
| Union Savings Bank of Danbury |
2,230,000
|
| National Corporation Tax Credits |
4,876,289
|
| City of Danbury Section 108 |
375,000
|
| City of Danbury Community Development Block Grant |
125,000
|
| Developer Loan Palace View Housing LP |
620,000
|
| The Non Profit Development Corporation |
150,000
|
| Total Sources |
$8,626,289
|
| Uses |
|
| Acquisition |
$934,476
|
| Construction/Rehabilitation |
6,209,436
|
| Financing Expenses |
538,620
|
| Developer's Fees |
609,973
|
| Legal Fees |
37,781
|
| Other Soft Costs |
269,003
|
|
|
|
| Total Uses |
$8,626,289
|
The Non Profit Rental Housing Corporation