|
Financing of Project in 2006:
|
| • |
Financing for acquisition and construction was provided by the City of Rancho
Cucamonga, Citibank, and Century Housing.
|
|
| • |
Permanent Financing:
|
| |
City of Rancho Cucamonga
|
$21,521,012
|
| |
Housing Partnership Securities
|
$7,892,000
|
| |
Tax Credit Equity
|
$12,334,000
|
| |
Net Operating Income
|
$463,000
|
| |
Power Company Rebate
|
$161,000
|
| |
Deferred Developer Fee
|
$1,347,949
|
|
|
Total
|
$43,718,961
|
|
|
|
