5. NUEVO AMANECER, PHASES I AND II
- 90 UNITS TOTAL
- MEDIUM/LOW DENSITY HOUSING IN A RURAL CENTER
- 1- AND 2- STORY ATTACHED FLATS AND TOWNHOUSES
- 2-, 3-, AND 4- BEDROOM FAMILY UNITS
- AT OR BELOW 50% AMI
- 38 UNITS RURAL DEVELOPMENT RENTAL ASSISTANCE
6. NUEVO AMANECER ORIGINAL FUNDING:
-Phase I (50 units), built in 1994
-Low Income Housing Tax Credits, Farmworker Tax Credits, Federal Home
Loan Bank, other state housing grants, two permanent financing loans
-Total Development Costs: $3,570,000 ($90k per unit)
-Phase II (40 units), built in 1998
-USDA Rural Development financing (loans and grants), Federal Home Loan
Bank, other state housing grants
-Total Development Costs: $3,240,000 ($64k per unit)
7. NEED FOR REHABILITATION AT YEAR 15 CONVERSION:
- Water penetration and moisture damage, including dry rot and mold
- Site drainage and stormwater management issues
- Long-term structural and building systems integrity
- Upgrades for energy and water efficiency
8. HOW TO MAKE THE REHAB GREENER?
Inherently, preserving and renovating existing housing stock is the most
sustainable method of building, especially if located in a walkable neighborhood
near to amenities.
9. HOW TO MAKE THE REHAB GREENER?
Focus first on the building envelope and major exterior systems for long-term
durability and integrity of the structures