| SMOC Sober |
| Housing |
|
Massachusetts
|
|
|
| Introduction |
| The Developer |
| The Member |
| The Residents |
The Numbers |
| Tour the Houses
|
 |
 |
| SMOC house at 90 Irving Street in Framingham. |
The Numbers
SMOC
and its associated organizations have received 10 Affordable Housing Program
grants to support 300 units in its housing continuum.
| Initiative |
AHP Funding
|
| Trinity House Program |
$350,000
grant
|
| Northbridge Neighborhood Project |
207,835
grant
|
| Irving House (90 Irving Street) |
96,000
grant
|
| Kendall Street |
55,000
grant
|
| North Main Street |
50,000
grant
|
| Ed's Place |
135,000
grant
|
| Rhodes Street Women's Cooperative |
130,000
grant
|
| The King's Inn |
175,000
grant
|
| Vikings Landing Veterans Campus |
300,000
grant
|
| Scudder House |
299,000
grant and 299,000 subsidized advance
|
| Total AHP Funding (includes grants, advances, and interest-rate subsidies) |
$2,178,167
|
Numbers for Irving House (90 Irving
St.), Framingham
| Sources | |
| SMOC Equity |
$40,000
|
| SMOC Energy Grant |
108,000
|
| Massachusetts Lead Abatement Grant |
60,000
|
| Federal Home Loan Bank of Boston Affordable Housing Program Grant |
96,000
|
| Framingham Co-operative Bank |
325,000
|
| Department of Housing and Community Development (DHCD) Housing Innovations Fund Grant |
500,000
|
| DHCD Housing Stabilization Fund Grant |
750,000
|
| Total Sources |
$1,879,000
|
| Uses | |
| Acquisition |
$165,000
|
| Construction Costs / Construction Contengency |
1,397,329
|
| Architect and Engineering |
125,404
|
| Legal |
75,291
|
| Financing Fees |
850
|
| Survey and Permits |
2,850
|
| Bond Premium |
17,520
|
| Insurance |
5,400
|
| Construction Loan Interest |
8,898
|
| Environmental Engineer |
6,278
|
| Developer Overhead |
30,580
|
| Clerk of the Works |
0
|
| Appraisal Fee |
3,600
|
| Developer Fee |
40,000
|
| Total Uses |
$1,879,000
|