PROJECTS AT A GLANCE

300 West 46th Street

	Distribution			Demographics
	Studios	30		Existing Tenants	8
	SRO Suites	37		Formerly Homeless	41
	One Bedrooms	3		Community Referrals	19
	Total	70		Management	2
	*3 commercial spaces not included			Total	70
	Development Costs			Financing
	Acquisition	950,000		Supp. Housing Loan	5,600,000
	Soft Costs	1,810,645		LIHTC	2,667,445
	Construction	5,106,800		Total	8,267,445
	Capital Reserves	400,000
	Total	8,267,445
	Construction cost per unit: 72,954
	Total Development cost per unit: 118,106
	Annual Expense			Annual Income
	Operating	380,772		Rental Income	200,640
	Debt Service	13,394		Commercial Income	245,822
	Total	394,166		Interest Income	3,500
				Operating Subsidy	122,400
				Net Revenue	428,833
				Surplus/Deficit	34,667
				Operating Coverage	109%