Get Wellness Village Canton Ohio

57 E Main Street Columbus OH 43215 Phone 614. 466. 7970 Toll Free 888. 362 6432 www. ohiohome. org Wellness Village at Midway City Canton 2015 Low Income Housing Tax Credit Proposal County Stark Project Narrative Photograph or Rendering The Wellness Village at Midway project is a 36-unit senior project on a single site in Canton Ohio Stark County. The project involves the new construction of a two story elevator building and eight one-story cottages that will be built in two fourplexes. The project will have a 100 unit set-aside for the elderly 55 years and older. 100 of the units will contain the universal design features. All 36 units will be two-bedrooms. Pool Construction Type Population Building Type Address City State Zip Ownership Entity Majority Member Syndicator or Investor Non-Profit Project Information New Rental Suburban New Construction Elderly 1 2-story building with 28 units 2 vil 3055 Mahoning Rd. NE Canton OH 44705 Ownership Information Ohio Capital Corporation for Housing Neighborhood Development Services Inc Developer Phone Street Address General Contractor Management Syndicator Architect Development Team 330-297-6400 120 E* Main Street Ravenna OH 44266 TBD Neighborhood Property Management LLC UNITS Bedrooms Bathrooms Square Footage Affordable to what AMGI Occupied by what AMGI Gross Rents Tenant Paid Utilities Rental Subsidy Monthly Rental Income Net Rent Maximum 11 067 - 20 538 Financing Sources Housing Credit Request Construction Financing Net Credit Request 625 000 Construction Loan 3 060 690 Tax Credit Equity Development Budget Historic tax Credits Acquisition 300 000 Deferred Developer Fee 712 500 Predevelopment 236 200 HDAP 750 000 Site Development Other Sources 2 635 634 Hard Construction 4 928 990 Total Const. Financing 7 158 824 Interim Costs/Finance 228 600 Professional Fees 1 087 500 30 208 Compliance Costs 71 900 Reserves 105 634 Total Project Costs Permanent Financing Permanent Mortgages 5 688 824 10 YR Total Annual Op* Expenses Total Operating Expenses Other Soft Debt Other Financing Total Perm* Financing Per Unit 136 916 198 856 179 058. The project involves the new construction of a two story elevator building and eight one-story cottages that will be built in two fourplexes. The project will have a 100 unit set-aside for the elderly 55 years and older. 100 of the units will contain the universal design features. The project will have a 100 unit set-aside for the elderly 55 years and older. 100 of the units will contain the universal design features. All 36 units will be two-bedrooms. Pool Construction Type Population Building Type Address City State Zip Ownership Entity Majority Member Syndicator or Investor Non-Profit Project Information New Rental Suburban New Construction Elderly 1 2-story building with 28 units 2 vil 3055 Mahoning Rd. All 36 units will be two-bedrooms. Pool Construction Type Population Building Type Address City State Zip Ownership Entity Majority Member Syndicator or Investor Non-Profit Project Information New Rental Suburban New Construction Elderly 1 2-story building with 28 units 2 vil 3055 Mahoning Rd. NE Canton OH 44705 Ownership Information Ohio Capital Corporation for Housing Neighborhood Development Services Inc Developer Phone Street Address General Contractor Management Syndicator Architect Development Team 330-297-6400 120 E* Main Street Ravenna OH 44266 TBD Neighborhood Property Management LLC UNITS Bedrooms Bathrooms Square Footage Affordable to what AMGI Occupied by what AMGI Gross Rents Tenant Paid Utilities Rental Subsidy Monthly Rental Income Net Rent Maximum 11 067 - 20 538 Financing Sources Housing Credit Request Construction Financing Net Credit Request 625 000 Construction Loan 3 060 690 Tax Credit Equity Development Budget Historic tax Credits Acquisition 300 000 Deferred Developer Fee 712 500 Predevelopment 236 200 HDAP 750 000 Site Development Other Sources 2 635 634 Hard Construction 4 928 990 Total Const.