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Jackson and Brick Block Comprehensive Revitalization
<br /> Program Summary - 2003
<br />
<br />Housing Rehabilitation/Mixed Unit buildings
<br />(3 Buildings/5 Units)
<br />
<br />Use of Funds SCDP Other Total
<br />
<br />Residential
<br />Rehabilitation $75,000 $25,000 $100,000
<br />Project
<br />Administration $10,000 - 0 - $10,000
<br />TOTAL $85,000 $25,000 $110,000
<br />
<br />Commercial Rehabilitation
<br />(13 Buildings @ average cost of $68,394)
<br />
<br />Use of Funds SCDP Other Total
<br />
<br />Commercial
<br />Rehabilitation $390,000 $499,122 $899,122
<br />Project
<br />Administration $ 35,100 -0- $ 35,100
<br />TOTAL $425,100 $499,122 $924,222
<br />
<br />New Residential Rental Development
<br />(32 Units - 60% of median income/50% of median rents)
<br />
<br />Use of Funds SCDP Other Total
<br />Construction Loan $600,000 $3,464,580 $4,064,580
<br />Project
<br />Administration $18,000 - 0 - $ 18,000
<br />TOTAL $618,000 $3,464,580 $4,082,580
<br />
<br />TOTAL REVITALIZATION PROJECT INVESTMENT
<br />
<br />Use of Funds SCDP Other Total
<br />Rehabilitation $465,000 $524,122 $ 989,122
<br />New Construction $600,000 $3,464,580 $4,064,580
<br />Project
<br />Administration $ 63,100 - 0 - $ 63,100
<br />General
<br />Administration $ 40,000 - 0 - $ 40,000
<br />TOTAL $1,168,100 $3,988,702 $_~, 156,$02
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