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MARTINSVILLE R.P. THOMAS CCD PROJECT
<br />
<br />Activity
<br />
<br />Administration
<br />
<br />Subdivision Infrastructure:
<br />. Site Preparation
<br />Water Improvements
<br />Sewer improvements
<br />Electrical
<br />Engineering Services
<br />Construction Services
<br />Street Trees, 80 ~ $200 ea.
<br />
<br />NeiQhborhood Infrastructure:
<br />Storm Drainage
<br />Street Tumarounds, 2 @ $5,000 ea.
<br />Engineering Services
<br />Construction Services
<br />
<br />HousinQ Rehabilitation:
<br />24 units @ $16,188 avg.
<br />Lead-based paint abatement, 24 units @ $5,000 ea.
<br />Rehab Specialist/Soft Costs, 24 units @ $1600 ea.
<br />Temporary relocation
<br />
<br />Substantial Reconstruction:
<br />2 units @ $45,000 avg.
<br />Rehab Specialist/Soft Costs, 2 units @ $2,400 ea.
<br />Temporary relocation, 2 * 8 wks. @ $400/wk
<br />
<br />AcQuisition:
<br />Vacant Property 1 fair mkt value, $13,800 * 1.5
<br />Vacant Property 2 fair mkt value, $8,200 * 1.5
<br />Vacant Property 3 fair mkt value, $6,900 * 2
<br />Legal/Appraisal, 3 units @ $800 ea.
<br />Right-of-Way/Easements
<br />
<br />Demolition/Clearance:
<br />Demolish 2 vacant dilapidated units @ $4.500 ea.
<br />
<br />HousinQ Production:
<br />Rehab vacant unit @ $22,800
<br />Lead-based paint abatement ~ $5,000
<br />Rehab Specialist/Soft Costs, 1 unit @ $2,200
<br />Land, approx. 5.5 ac.
<br />Architectural assistance
<br />Closing cost/downpmt asst.. 22 LMI units (~ $4,500 ea.
<br />Home construction, 10 units pre-approved, ~ $65,000 ea.
<br />
<br />Homeownership Creation Assistance:
<br />Tenant-to-owner conversion, downpint/closing cost assist.
<br />
<br />NeiQhborhood Enhancements:
<br />Entrance Sign
<br />Decorative Piantings (Martinsville Gateway)
<br />
<br />CDBG City Other
<br /> $75,000 $0
<br />
<br /> Percent
<br /> Total of Budget
<br />
<br />$0 $75,000 3%
<br />
<br />$202,500 $0 $0 $202,500 8%
<br />$0 $25,325 $0 $25,325 1%
<br />$0 $23,500 $0 $23,500 1%
<br />$0 $15,000 $0 $15,000 1%
<br />$0 $19,080 $0 $19,080 1%
<br />$0 $17,640 $0 $17,640 1%
<br />$0 $16,000 $0 $16,000 1%
<br />
<br />$103,800 $0 $0 $103,800 4%
<br />$10,000 $0 $0 $10,000 0%
<br />$0 $7,420 $0 $7.420 0%
<br />$0 $6,860 $0 $6,860 0%
<br />
<br />$380,500 $8,000 $0 $388,500 15%
<br />$120,000 $0 $0 $120,080 5%
<br />$38,400 $0 $0 $38,400 2%
<br />$8,000 $0 $0 $6,000 0%
<br />
<br />$90,000 $0 $0 $90,0~0 4%
<br />
<br /> $4,800 $0 $0 $4,800 0%
<br /> $6,400 $0 . $0 $6,400 0%
<br />
<br />$20,700 $0 $0 $20,700 1%
<br />$0 $12,300 $0 $12,300 0%
<br />$0 $13,800 $0 $13,800 1%
<br />$800 $1,600 $0 $2,400 0%
<br />$0 $2,500 $0 $2,500 0%
<br />
<br />$9,000 $0 $0 $9,000 0%
<br />
<br />$22,800 $0 $0 $22.800 1%
<br />$5,000 $0 $0 $5,000 0%
<br />$2,200 $0 $0 $2,200 0%
<br />$0 $508,900 $0 $508,900 20%
<br />$15,000 $0 $0 $15,000 1%
<br />$99,000 $0 $0 $69,000 4%
<br />$0 $0 $650.000 $650,000 26%
<br />
<br />$4,5O0 $0 $0 $4,500 0%
<br />
<br /> $0 $1,000 $0 $1,000 0%
<br />$0 $0 $300 $300 0%
<br />
<br />$1,218,400 $678,925 $650,300 $2,547,625
<br /> 47.8% 26.6% 25.5%
<br />
<br /> LMI Benefit: HH Persons
<br />New units LMI 22 77 (3.5/HH)
<br />New units non-LMI 4 14 (3.5/HH)
<br />Rehab/SR units LMI 26 49
<br />Owner conversion LMI I 3
<br />.Total 53 143
<br />LMI Total 49 129
<br /> LMI % 92.5% 90.2%
<br /> CDBG $ per HH $22,989
<br />
<br />mrtrptbudl 4/10/01
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