HomeMy WebLinkAbout12-10-14 2015 MBOH tax credits Project information is on the second sheet of this excel workbook
2015 Applications and Allocations Mary S.Bair 406-841-2845
Montana Board of Housing Montana Board of Housing fax:406-841-2841
Housing Tax Credit Program PO Box 200528
Helena MT 59620-0528
Available Credit Calcuation:
Resident Population 1,000,000
Factor 2.30
Credit Ceiling Available $ 2,300,000 Small/Rural Project $ 536,373
Small State Minimum Ceiling $ 2,680,000 Corrective
2014 Carryover Available General $ 2.145,493
Returned Credits River Rock credits not used S 1,666 $ 2,681.666
Returned Credits
Total Credits Available $ 2,681,866
Minumim Non-Profit Re $ 268.000
Maximum Credit per Developer(25%of Ceiling) $ 670,000 *-10%of ceiling
'2015 credit cap
Selection
Allocations:
Amount Amount Criteria
Project Citv Round Set a-side Requested Awarded Points
Gallatin Forks Manhattan small $ 153,494 $ 153,494
Small Project-Total $ 153,494 $ 153,494
Antelope Court Havre non-profit $ 568,750 $ 568,750
Cascade Ridge Senior Living II Great Falls non-profit $ 245,183 $ 245,183
Guardian Apartments Helena non-profit $ 658,750 $ 658,750
River Ridge Missoula general $ 501,723
Stoneridge Bozeman non-profit $ 658,750 $ 658,750
Stower Commons Miles City general $ 610,000
Urban Missoula Missoula non-profit $ 430,000 $ 396,939
Non-profittGeneral-Total $ 3,673,156 $ 2,528,372
Grand-Total $ 3,826,650 $ 2,681,866
Set a-side Requests Aop/Recom Remaining
Small Projects
1st Round $ 536,373 $ 153,494 $ 153,494
2nd Round
Non-Profit/General
1stRound $ 2,145,493 $ 3,673,156 $ 2,528,372
2nd Round
credits awarded to qualifying non-profits $2,681,866
Montana Board of Housing
Housing Tax Credit Program
2015 Projects
Type of Credit Credit
Project Name Address City Setaside Type of Credits Housing Requested Awarded County
Gallatin Forks Manhattan Acq/Rehab Family $ 153,494 Gallatin
Antelope Court Havre New Const Family $ 568,750 Hill
Cascade Ridge Senior Living II Great Falls New Const Senior $ 245,183 Cascade
Guardian Apartments Helena Acq/Rehab Senior/disabled $ 658,750 Lewis&Clark
River Ridge Missoula Acq/Rehab Senior $ 501,723 Missoula
Stoneridge Bozeman New Const Family $ 658,750 Gallatin
Stower Commons Miles City New Const Family $ 610,000 Custer
Urban Missoula Missoula New Const Family $ 430,000 Missoula
GRAND TOTALS $ 3,826,650
Low Income Units:
Project Name Eff 1-13drm 2-bdrm 3-bdrm 4-bdrm 5-bdrm Nigr Market Total units Owner(Sponsor)
Gallatin Forks 8 8 16 Syringa Housing Corp
Antelope Court 20 10 30 GL Development LLC
Cascade Ridge Senior Living II 8 8 16 Benefis Cascade Ridge/CR Builders
Guardian Apartments 63 55 118 Detroit Afford Homes/Affiliated Dev
River Ridge 56 14 70 Missoula Housing Authority
Stoneridge 30 18 48 Summit Housing Group/HRDC IX
Stower Commons 3 18 9 30 Housing Solutions
Urban Missoula 6 11 3 6 26 Homeword
Project Name Attention Address City, State Phone Email
Gallatin Forks Taylor Hunt 1277 Shoreline Lane Boise,ID 208-387-7812 taylor@syringaproperties.com
Antelope Court Gene Leuwer 4799 Echo Dr Helena MT 406-459-5332 gleuwer1139@msn.com
Cascade Ridge Senior Living II Peter Gray 2621 15th Avenue South Great Falls,MT 406-455-5039 Pete rgravCcp benefis.org
Guardian Apartments Kirk Bruce PO Box 725378 Berkley,MI 248-525-2516 kirk@a-developers.com
River Ridge Lori Davidson 1235 34th Street Missoula MT 406-549-4113 Idavidson@missoulahousing.org
Stoneridge Rusty Snow 283 W Front St Ste 1 Missoula MT 406-541-0999 rusty@summithousinggroup.com
Stower Commons Alex Burkhalter 5014 Elk Hills Court Missoula MT 406-203-1558 alex housing-solutions.org
Urban Missoula Heather McMilin 1535 Liberty Lane Ste 116A Missoula MT 406-532-4663 heather@homeword.org