|
|
|
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Bradenton Village, Bradenton, FL
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
110
|
|
|
Rental |
338
|
|
|
Total Units |
448
|
|
|
Unit
Type |
# |
Size |
# |
Square
Footage |
|
Townhouse |
|
1 BR |
|
|
|
Multi-family |
|
2 BR |
|
|
|
Semi-detached
|
|
3 BR |
|
|
|
Detached |
|
4 BR |
|
|
| Income
Mix |
|
|
|
|
(
to %
AMI)
|
|
|
( to % AMI)
|
| Other
Facilities |
|
|
Community
Space |
yes |
4,000 SF
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HOPE VI Funds
|
Grant |
$21,400,000
|
LITC Equity
|
Equity |
|
FHLB
|
Grant |
|
Private Debt
|
Debt |
|
City of Bradenton
|
Grant |
$250,000
|
DEVELOPMENT COST
|
| Total Cost |
$75,000,000
|
| Per Unit Cost |
$150,000
|
PHASING
|
| Start |
January
2001
|
| Completion |
December 2006
|
DEVELOPMENT
TEAM
|
| Owner |
Telesis Corporation
Affiliates |
| Participant |
CTS
|
Role: Architects
|
| Participant |
Cooper Johnson Smith
|
Role: Architects
|
|
|
| Participant |
Jeff Kiss
|
Role: Consultant
|
| Participant |
Andy Allison
|
Role: Civil Engineer
|
| Participant |
Manasota Construction |
Role: Contractor
|
STATUS:
|
Phases I and II
complete and occupied. Tax credits awarded for Phase III and pending
for Phase IV. Homeownership phase scheduled to begin construction
Summer 2007.
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