Box 5, Folder 10, Document 13

Box 5, Folder 10, Document 13

HOUSING RESOURCES COMMITTEE

PROJECT DATA October 3, 1968

Wheat Street Gardens - 221 d (3) - N-P Spon. - Wheat Street Baptist Chur,
NP & RS -
#1 280 units - all 2 Br. $74.00 up Water Furnished

‘$71.00 down

(Completed before current program started)

#2 84 units - 48 1 Br. $79.00
36 3 Br. $98.00

Cost $10,912/U (FHA Com.)

#3 108 units 3 Br. $140.00 (RS $80.00/mo.)
6% interest
Cost $12,500/U (FHA Com.)

Friendship Center 221 d (3) N-P - N-P Spon. - Friendship Baptist Churc!
34 1 Br. $87.50 Developer - Celotex Corp.
208 units 95 2 Br. $101.00 Builder - Rogers Const. Co.
(16 U/A) 30 3 Br. $115.00

49 T.H. $107.00

Central Air Conditioning
Utilities Furnished

Stove & Refrigerator Furnished
Cost $10,812/U (FHA Com,)

College Plaza 221 d (3) LD Builder- Randen Construction Co.
96 units 96 Units all 2 Br. $75.95 Water Furnished

Stove and Refrigerator Furnished
Permit for Const. Cost $8,255/U

Allen Temple 221 d (3) N-P N-P Spon. - Allen Temple AME Church
#1 #151 units 100 2 Br. $62.00
50 3 Br. $79.00 '
1 Manager's Apt.

#2 222 units 142 2 Br. $68.00
80 3 Br. $80.00

#3 208 units 2 Br. $88.50
3 Br. $99.50

Cost $11,566/U (FHA Com.)

London Towne Houses 221 d (3) Co-op N-P Spon. - FCH, Inc.
Builder-Diamond & Kaye

200 units 8 1 Br. $63.00

#1 36 61 2 Br. $69.00 Purchase Price

#2 48 122 3 Br. $84.00 (Incls. Tax, Insurance & Outside
#3 «48 9 4 Br. $109.00 Maintenance)

#4 68

6 Model Units to select from.
Must sell before const. starts
$10.00 application fee Average Cost $14,078/U (FHA Com.)

$135.00 Down Payment
No. Closing Costs
London Towne Houses (Cont. 'd)

*Mortgage Interest 43%
*Real Estate Taxes 16%
Mortgage Principal 19%
Maintenance . 12%
Reserve Funds 5%
Administration 5%
Landlord's profit 0%

100%

*tax deductible items

McDaniel Street - Public Housing
650 Units 310 Completed 7-25-68
340 Under Construction

Built on Urban Renewal Land
Average Cost approximately $14,500/U