Feature Project:

Trail Ridge Apartments I

Job specs:

• Trail Ridge Apartments, consist of (40) duplex style units contained in (20) buildings. A Community Building, with community area including cable ready television and kitchenette area, library area, computer center with computer equipment and internet access, coin operated laundry facility, site management office and maintenance areas will also be located on site. The low density, (5.4 units per acre), provide a single family housing atmosphere in a rental development unique to the area.
• The apartments consist of (4) one bedroom units, (20) two bedroom units, (12) three bedroom units and (4) four bedroom units, (there are currently no (4) bedroom rental units in other developments within the community). (5) units, 12.5% are rented at 30% AMI households, (9) units, 22.5% will be rented at 40% AMI households, (31) units, 52.5% are rented at 50% AMI households and (5) units, 12.5% are rented at market rate. The mixture of units and household incomes help create a diversified household and family portfolio throughout the development.
• All apartment units include as standard amenities a one car attached garage with garage door opener, range, refrigerator, dishwasher, microwave, garbage disposer, washer and dryer hookup, and mini blinds at window openings. The unit amenities package offered is above average for the area.
• Site amenities include sufficient playground areas with play equipment, a “tot” lot located convenient to the coin operated laundry facility and a paved walking &/or jogging path. (2.2) parking spaces per unit are available at the site without including the garages.

 

Construction Timeline:

• Start: November 5, 2004
• End: November 5, 2005  

 

Site location:

• 675 E Business 30 Columbia City, IN 46725

 

Project objective:

• To give prospective tenants a single family housing atmosphere which the standard rental housing development cannot offer.    

 

Scope of work:

• All Pre-Construction Planning
• IHCDA Tax Credit Application/Implementation
• Due Diligence for closing with, Investors and Lenders
• Project Management

• Monthly Draw Applications & Payment Scheduling
• Reporting & Site Visits with Investors & Lenders & City/County
• Compliance Reporting during Construction Phase
• Equity Installment Substantiation & Reporting

• Final Compliance Reporting/Transition to Management
• Final IHCDA Tax Credit Application
• Finalization of 8609
• General Contractor for all Phases of Construction Completion.

• Site Development
• Concrete
• Rough Carpentry
• Masonry
• Metals
• Thermal & Moisture
• Doors & Windows
• Drywall & Finishes
• Specialties
• Special Equipment
• Mechanical

• Plumbing
• HVAC

• Electrical
• General Overhead & Requirements