|
|
|
 |
RiverWest, Peoria, IL
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
47
|
|
|
Rental |
163
|
|
|
Total Units |
200
|
|
|
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 |
5,000 SF
|
|
Day
Care |
no |
n/a
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HOPE VI Funds
|
Grant
|
$16,900,000
|
LIHTC
|
Equity
|
|
Tax Investment
|
Equity
|
$3,000,000
|
City of Peoria
|
Grant
|
|
DEVELOPMENT COST
|
| Total Cost |
|
| Per Unit Cost |
|
PHASING
|
| Start |
1997
|
| Completion |
2001
|
DEVELOPMENT
TEAM
|
| Owner |
LR Affiliate
|
| Participant |
Telesis Corporation |
Role: Developer |
|
|
| Participant |
Sonoc Architects
|
Role: Architect
|
STATUS:
|
Project is
complete. Telesis cited as HOPE VI Program Manager through construction
and occupancy of rental units.
|
|
|
