|
|
|
 |
Paradise at Parkside, Washington, DC
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
0
|
|
|
Rental |
653
|
|
|
Total Units |
653
|
|
|
Unit Type |
# |
Size |
# |
Square Footage |
|
Townhouse |
|
1 BR |
324
|
|
|
Multi-family |
653
|
2 BR |
287
|
|
|
Semi-detached
|
|
3 BR |
42
|
|
|
Detached |
|
4 BR
|
|
|
| Income Mix |
|
|
|
258
|
(0
to 30%
AMI)
|
|
308
|
(31 to 60% AMI)
|
|
87
|
(over 60% AMI) |
| Other
Facilities |
|
|
Community
Space |
yes |
1,950 SF
|
|
Day
Care |
no |
n/a
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HUD
|
Debt
|
$3,631,421
|
AFL CIO HTF
|
Debt |
$9,000,000
|
Fannie Mae
|
Debt |
$2,280,000
|
HUD Supplement
|
Debt |
$6,846,76
|
Seller
|
Debt |
$4,420,000
|
Tax Credit Investment
|
Equity
|
$3,390,000
|
Dept. of Housing and Community Development
|
Debt |
$3,000,000
|
DEVELOPMENT COST
|
| Total Cost |
$32,568,182
|
| Per Unit Cost |
$49,875
|
PHASING
|
| Start |
1986
|
| Completion |
1991
|
DEVELOPMENT
TEAM
|
| Owner |
Jay Street
Associates
|
| Participant |
Telesis Corporation |
Role: Developer |
| Participant |
AFL CIO HTF
|
Role: Lender |
| Participant |
HUD
|
Role: Lender |
| Participant |
DHCD |
Role: Lender |
| Participant |
TCM |
Role: Construction
Manager
|
|
| Participant |
Charles Tini & Associates
|
Role: Property
Manager
|
|
| Participant |
Oehme, van Sweden & Associates, Inc.
|
Role: Landscape
Architect |
|
| Participant |
Sorg & Associates
|
Role: Architect
|
STATUS:
|
Project is
complete and occupied. Stabilized occupancy above 95%.
|
|
|
