|
|
|
 |
City View Park, Louisville, KY
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
0
|
|
|
Rental |
503
|
|
|
Total Units |
503
|
|
|
Unit Type |
# |
Size |
# |
Square Footage |
|
Townhouse |
503
|
1 BR |
72
|
538
|
|
Multi-family |
|
2 BR |
221
|
810
|
|
Semi-detached
|
|
3 BR |
179
|
1,076
|
|
Detached |
|
4 BR |
31
|
1,444
|
| Income Mix |
|
|
|
305
|
(0
to 30%
AMI)
|
|
176
|
(31 to 80% AMI)
|
|
6
|
(over 80% AMI) |
|
16
|
vacant
|
| Other
Facilities |
|
|
Community
Space |
yes
|
400 SF
|
|
Day
Care |
no |
n/a
|
|
Commercial |
yes |
8,500 SF
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HUD
|
Debt
|
$10,500,000
|
Morgan Stanley Group equity
LIHTC
|
Equity
|
$21,000,000
|
City of Louisville (HOME and
CDBG)
|
Grant
|
$2,800,000
|
Kentucky Housing
Corporation, Bank One, and others
|
Debt
|
$8,800,000
|
DEVELOPMENT COST
|
| Total Cost |
$34,000,000
|
| Per Unit Cost |
$67,594
|
PHASING
|
| Start |
1996
|
| Completion |
1998
|
DEVELOPMENT
TEAM
|
| Owner |
Russell
Neighborhood, L.P.
|
| Participant |
Telesis Corporation |
Role: Developer |
|
|
| Participant |
TCM |
Role: Construction
Manager
|
|
| Participant |
Oehme, van Sweden & Associates, Inc.
|
Role: Landscape
Architect
|
|
| Participant |
Sorg & Associates
|
Role: Architect
|
| Participant |
Charles Tini & Associates
|
Role: Property
manager
|
|
|
| Participant |
Genco Construction
|
Role: Contractor
|
|
|
STATUS:
|
Complete and
occupied.
|
|
|
