|
|
|
 |
Thomas Paine Square Apartments, San Francisco, CA
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
0
|
|
|
Rental |
97
|
|
|
Total Units |
97
|
|
|
Unit Type |
# |
Size |
# |
Square Footage |
|
Townhouse |
|
1 BR |
36
|
|
|
Multi-family |
97
|
2 BR |
24
|
|
|
Semi-Detached |
|
3 BR |
24
|
|
|
Detached |
|
4 BR |
13
|
|
| Income Mix |
|
|
|
83
|
(0
to 50%
AMI)
|
|
7
|
(51 to 60% AMI)
|
|
7
|
(over 60% AMI) |
| Other
Facilities |
|
|
Community
Space |
yes |
1,640 SF
|
|
Day
Care |
no |
n/a
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
California Housing Finance
Agency
|
Debt
|
$6,917,600
|
Citibank CDE construction loan
|
Debt
|
$1,150,000
|
Paramount Equity
|
Equity
|
$1,976,830
|
DEVELOPMENT COST
|
| Total Cost |
$10,590,000
|
| Per Unit Cost |
$108,000
|
PHASING
|
| Start |
May
2001
|
| Completion |
August 2002
|
DEVELOPMENT
TEAM
|
| Owner |
Thomas Paine Square
Apartments, L.P.
|
| Participant |
Telesis Corporation / Bethel AME Church
|
Role: Developer |
|
|
| Participant |
California Housing Finance Agency /
Citibank
|
Role: Financing
|
|
|
| Participant |
Paramount Financial
|
Role: Investor
|
| Participant |
Michael Willis Architects
|
Role: Architect
|
|
|
| Participant |
Marinship/Nibbi Bros Joint Venture
|
Role: Contractor
|
|
|
| Participant |
Cornerstone Facilities Consulting
|
Role: Construction
Manager
|
|
| Participant |
Alton Management
|
Role: Property
Management
|
|
STATUS:
|
Complete and
occupied.
|
|
|
