|
Financing of Project in 2005:
|
| • |
Financing for acquisition and construction was provided by Bank of America,
The City of Anderson, and The Richman Group.
|
|
| • |
Permanent Financing:
|
| |
City of Anderson
|
|
| |
HOME
|
$1,286,927
|
| |
CDBG
|
$631,086
|
| |
Housing Set Aside
|
$477,031
|
| |
HELP
|
$320,000
|
| |
LIHTC Tax Equity - The Richman Group
|
$2,312,769
|
| |
Term Loan - Washington Mutual
|
$1,700,000
|
| |
AHP - Bank of America
|
$781,000
|
| |
Other sources
|
$132,261
|
|
|
Total
|
$7,641,074
|
|
|
|
