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Grant # <br />Type: <br />Applicant <br />Project Name <br />Project Location <br />Council District <br />Project Detail <br />Development summary <br />of project to <br />commence by <br />12/31 /2019 <br />Total housing units <br />Affordable units <br />Anticipated # <br />bedrooms <br />Est. total development <br />cost <br />Est. private funds <br />leveraged <br />Est. other public funds <br />Funding <br />LHIA Funding Match <br />Other LCA funding <br />Recommended <br />Funding <br />Project Summary <br />SG-21549 <br />Local Housing Incentives Account <br />City of Ramsey <br />Ramsey Apartments <br />7562 146t'' Ave NW <br />9 — Edward Reynoso <br />$100,000 <br />$992, 951 <br />Other Funding <br />Sources <br />$8,460,068 <br />$3, 075, 000 <br />$263,392 <br />$200,000 <br />$100 <br />$13,091,511 <br />Ramsey Apartments is the new construction of 54 units within the <br />Ramsey Downtown COR area within a half -mile of the North Star <br />Ramsey Station. The project consists of a 3-story elevator building <br />which includes four units serving those experiencing long-term <br />homelessness. Metro HRA is recommending 15 project based <br />vouchers for this project. <br />54 <br />54 (4 units at 30% AMI, 50 units at 50% AMI) <br />6-1 BR <br />21-2BR <br />21 — 3 BR <br />6-4BR <br />$13.3 million <br />$11.5 million <br />$1.4 million <br />Anoka County <br />None <br />LHIA <br />MN Housing <br />Syndication proceeds <br />1st mortgage <br />Sales Tax Rebate <br />Anoka County HOME <br />General Partner cash <br />Total Funding Sources <br />US.113578590.01 <br />A-15 <br />