|
Development Team:
|
| • |
Development Partners:
|
|
LINC Housing Corporation
|
|
Simpson Housing Solutions, LLC
|
| • |
Architect:
|
|
KTGY Architecture
|
| • |
General Contractor:
|
|
R&O Construction
|
|
Financing for El Palmar:
|
|
Construction:
|
| • |
Wells Fargo Community Lending
|
$ 5,714,000
|
| • |
City of Avenal Redevelopment Agency
|
158,785
|
| • |
Low Income Tax Credit Equity
|
2,768,784
|
| • |
Deferred Developer Fee
|
1,550,000
|
|
|
|
Total Development Cost:
|
$ 10,191,569
|
|
Permanent:
|
| • |
California Community Reinvestment Corp.
|
$ 1,024,170
|
| • |
City of Avenal Redevelopment Agency
|
158,785
|
| • |
Low Income Tax Credit Equity Proceeds
|
7,753,382
|
| • |
Developer Equity
|
1,255,932
|
|
|
|
Total Development Cost:
|
$ 10,192,269
|
|
|
