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Shelter School Renovation (L&H)

Input array: AVI

AVI[2] Land cost (/acre or /sq.ft.)(Total $ if AVI[1]=0) 5928.338762
AVI[6] Units to develop 64
AVI[13] Building cost ($/sq.ft.if AVI[101]=sq.ft.) 60.8470684
AVI[15] Architecture & engineering 1591.147598
AVI[17] Furniture & equipment 4229.591816
AVI[20] Est.const.int,fin.fees,acctg.adj.(ProCash checks) 3610.755802
AVI[27] Contruction interest to impose (or CSF[;12]) 1868.380802
AVI[28] Mos. after open to realize expected income 3
AVI[29] Vacancy at opening as a decimal of total $ 0.7
AVI[37] Bridge loan interest rate:equity & operations 0.12
AVI[40] Minimum income/unit before vacancy(ex.AVI[7]units) 352.0596599
AVI[44] Start-up operating losses (financed & expensed) 583.1557876
AVI[53] Vacancy rate (in normal operating years) 0.05
AVI[55] Operating expenses (fixed, per unit) 1504.454906
AVI[61] 1st mortgage loan to value Ratio or $ Amount 1,600,651.4658
AVI[62] 1st mortgage interest rate 0.09
AVI[63] 1st mortgage term in Years (0=interest only) 30
AVI[70] First kicker 0.01
AVI[74] First kicker type 6
AVI[76] Who gets first kicker (see AVI[ 70]) 1
AVI[83] Developers share of ownership  
AVI[85] Investors share of ownership 1
AVI[87] Equity contribution ($ or % Costs Less Land&Fin.) 2,645,500
AVI[101] Square feet/unit (affects AVI[13]) 568.75
AVI[113] Capitalization Rate for Ending Value(0=Orig.Cost) 0.12
AVI[120] Investors Tax Rate 0.34
AVI[125] Points for Raising AVI[87] Equity Contribution 0.04215157815
AVI[149] Partners Share Oper.Losses(0) No=1 (2=dev.meets from Fin./Eq) MV[22]  
AVI[152] Exclude operating losses AVI[44] from mortgage financing(0=inc.)MV[25]  
AVI[156] Inv.Returned Before Dist.in End.Vlu.(0) or Inv.Ignored (1) MV[29] 1
AVI[158] Starting Year (if MV[31]=0, then 1 2..) MV[31] 1987
AVI[173] LIHTC Tax Credit: Const./Major Rehab(.09 or .04) MV[50] 0.09
AVI[174] LIHTC Units Qualifying (Low Income Hsg.TaxCredit) MV[51] 1
AVI[175] ITC Hist.(built pre-1936(.1);hist.desig.(.1);(.2) MV[52] 3
AVI[179] columns are (0)trials;(1)versions;(2)phases MV[56] 2
AVI[186] Base Data in MV[64] 1



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