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Development Team
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Developer: |
LINC Housing Corporation |
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Architect: |
Killefer Flammang Architects |
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Contractor: |
Dreyfuss Construction |
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Construction Management: |
Castle & Gray International |
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Financial Consultant: |
California Housing Partnership Corporation |
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Future Property Manager: |
John Stewart Company |
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Financing of Project in 2010:
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The majority of the financing for acquisition and construction will convert into permanent
financing. Bridge financing was provided by U.S. Bank.
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| Permanent Sources |
Amount |
| Long Beach Housing Development Company Loan |
$2,983,000 |
Federal Home Loan Bank - Affordable Housing Program
(Mississippi Valley Life Insurance Co/U.S. Bank) |
$250,000 |
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| Park & Recreation Fee Waiver |
$47,967 |
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Private Foundations - Home Depot Foundation, The Ahmanson Foundation, National Trust
Loan Fund, Long Beach Navy Memorial Heritage Association
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$220,000 |
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| Limited Partner Equity |
$164,953 |
| ARRA/TCAC Grant |
$2,553,505 |
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| Total Sources |
$6,219,425
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Floor Plans
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