Clinton Housing Development Company (CHDC)
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PROJECTS AT A GLANCE

353-355 West 30th Street

Distribution Demographics
SRO 14 Formerly Homeless 19
Studios 18 Community Referrals 12
One Bedroom 1 Resident Manager 1
Total 33 Resident Super 1
Total

33

Development Costs Financing
Acquisition 855,600 Supportive Housing Loan Program 3,696,147
Soft Costs 1,491,097 Low Income Housing Tax Credit Equity 1,232,049
Construction 3,316,500 Macklowe Fund 1,150,000
Capital Reserves 415,000 Total 6,078,197
Total

6,078,197

Construction Cost per Unit: 100,500
Total Development cost per unit: 184,188

Annual Expense Annual Income
Operating 237,664 Rental Income 228,744
Commercial Income -
Operating Subsidy 68,083
Net Revenue

296,827

Surplus/Deficit 59,163
Operating Coverage 125%