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PUBLIC NOTICE: Project Owner: Arcadia Village, LP

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PUBLIC NOTICE:
Project Owner: Arcadia Village, LP
Project Name: Arcadia Village
Project Address: Madden Street Arcadia, LA
Total Units: 28 Homes (3 & 4 Bedroom single family homes)
The project owner is proposing a 28 unit single family home subdivision development. The development will consist of a community facility which will be available for the tenants. The applicant is applying for a reservation of 9% LIHTC’s from the Louisiana Housing Finance Agency. The total estimated development cost is $ 5,536,000. The development will be funded with private financing and equity proceeds from the sale of Low Income Housing Tax Credits and other financing provided from the Louisiana Housing Finance Agency as follows (Amounts are estimated):
Conventional Financing $315,000
LIHTC Equity $4,455,000
Other Development Funds $650,000
Other: Deferred Dev. Fee $116,000 Other:
Other: Total sources of funds $ 5,536,000
3td: August 21, 22 & 23, 2011

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