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Windsong Housing Associates, Ltd.

Schedule W: Development Cash Flow

Annual

costs exc. future const.int. Total 1987 1988 1989 1990 1991 1992 1993
COSTS                
Depr. assets acquired 1,270,750 1,270,750            
Land Development                
Building Cost 2,899,014 2,899,014            
Service structures                
Architecture & Engineering                
Elevator/Escalator                
Furniture & Equipment 653936 653936            
Misc. Administration 2594 2594            
Dev. Costs Expensed                
Grants & Reimbursements                
Contingency                
Land 1,015,000 1,015,000            
Financing Fees 2,736,406 219120 2,517,286          
Total 8,577,700 6,060,414 2,517,286          



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