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HOUSING RESOURCES COMMITTEE
PROJECT DATA October 3, 1968
Wheat Street Gardens - 221 d (3) - N-P Spon. - Wheat Street Baptist Chur;
NP & RS e
#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