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fIOUSING RESOURCES COMM ITTEE PROJECT DATA • October 3, 1968 Wheat Street Gardens - 221 d (3) N-P Spon. - Wheat Street Baptist Churc ' NP & RS

1 280 units - all 2 Br. $74.00 up

Water Furnished -$71.00 down (Completed befpre 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. $14~.oo {RS $80.00/mo.) 6% interest Cost $12,500/U (FHA Com.) Friendship Center 208 units (16 U/A) 221 d (3) N-P - N-P Spon. - Friendship Baptist Churcl 34 1 Br. $87.50. Developer - Celotex Corp. 95 2 Br. $101.00 Builder - Rogers Const. Co. 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 96 units 221 d (3) LD Builder- Randen Construction Co. 96 Units all 2 Br. $75.95 Water Furnished Stove and Refrigerator Furnished Permit for Const. Cost $8,255/U Allen Temple

1 151 units

221 100 50 1 d (3) N-P N-P Spon. - Allen Temple AME Church 2 Br. $62.00 3 Br. $7 9. 00 Manager's Apt.

2

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

3

208 unit s 2 Br. $88.50 3 Br. $99.50 Cost $11,566/U (FHA Com.) London Towne Hous es 2 00

1

2

3

4

units 36 48 48 68 221 d (3) Co- op 8 1 Br . $63. 00 61 2 Br . $69. 00 122 3 Br. $84. 00 9 4 Br. $1 09 . 00 6 Model Units to select from. Must sell before const. starts $10.00 application fee $135.00 Down Payment No. Closin~ Costs N- P Spon. - FCH, Inc. Bu i lder-Diamond & Kaye Purchase Price (Incls. Tax, Ins u rance & Outside Main t enance) Avera ge Cost $14,078/U (FHA Com.) �London Towne Houses (Cont.'d)

Mortgage Interest

Real Estate Taxes

Mortgage Principal Maintenance Reserve Funds Administration Landlord's profit

tax deductible items

• 43% 16% 19% 12% 5% 5% 0% 100% 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 I I - �