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PepperWood Apartment Homes
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
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