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Berkshire
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Veterans
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Residence
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Pittsfield,
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Massachusetts
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| Introduction |
| The Developers United Veterans Berkshire Housing |
| The Member
|
| The Residents
|
| The Numbers |
| Tour the
Site
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 |
 |
| From the left, UVA resident staff members Eugene Vereen, Thomas Ivery, and Len Scalzi at the Berkshire Veterans Residence. |
The Numbers
| Sources | |
| Federal Home Loan Bank of Boston Affordable Housing Program Subsidized Advance |
$274,000
|
| Federal Home Loan Bank of Boston Affordable Housing Program Direct Subsidy |
274,000
|
| U.S. Department of Veterans Affairs Grant |
823,100
|
| HUD Supportive Housing Grant |
298,114
|
| Sponsor's Equity |
25,000
|
|
|
|
| Total Sources |
$1,694,214
|
| Uses | |
| Acquisition and Sales Commission |
$525,000
|
| Construction and Demolition |
778,931
|
| Construction Contingency |
91.083
|
| Architectural and Engineering |
65,000
|
| Financing Fees |
4,000
|
| Developer Overhead |
12,200
|
| Development Consultant |
50,000
|
| Legal Fees |
12,000
|
| Appraisal, 21E Study, Other Admin. Costs |
30,000
|
| Construction Loan Interest |
15,000
|
| Equipment and Furnishings |
60,000
|
| Insurance and Utilities |
12,000
|
| Operating Reserve |
15,000
|
| Miscellaneous Soft Costs |
24,000
|
|
|
|
| Total Uses |
$1,694,214
|