Distribution			Demographics
	Studios	30		Existing Tenants	8
	SRO Suites	35		Formerly Homeless	19
	One Bedrooms	1		Formerly Homeless/Mentally-Ill	19
	Two Bedrooms	2		Community Referrals	19
	Total	67		Management	2
	*2 commercial spaces not included			Total	67
	Development Costs			Finance
	Acquisition	-		Supportive Housing Loan Program	7,115,217
	Soft Costs	2,738,187		Macklowe/34th Street Fund	1,370,285
	Construction	6,599,000		LIHTC	1,932,164
	Capital Reserves	1,056,000		Total	10,417,666
	Total	10,393,187
	Construction Cost per Unit: 98,493 Total Development cost per unit: 155,122
	Annual Expense			Annual Income
	Operating	474,406		Rental Income	337,976
	Debt Service	-		Commercial Income	33,760
	Total	474,406		Interest Income	8,152
				Operating Subsidy	117,000
				Net Revenue	496,888
				Surplus/Deficit	22,482
				Operating Coverage	105%
				Debt Service Operating Coverage	-
				Operating Coverage w/Debt	105%