Location
Washington
, DC
Project Overview
Lender:
National Housing Trust Community Development Fund
Lender Type:
CDFI
Property Ownership:
Mixed non- and for-profit
Deal Overview:
Installation of solar producing technology across 3 buildings
Improvements Covered:
Renewable energy
Type of Project:
Retrofit/Renovation
Buildings:
3
Total Units:
63
Financing Details
Financing Type:
Mini-Permanent/Permanent
Total Delivery Cost:
$695,212
Tax Equity:
$208,564
Incentives/Rebates:
$0
Completion Status:
Completed
Underwriting Considerations
Expected Annual Income:
$74,262
Debt Service Coverage Ratio:
1.15
Percentage Projected Energy Savings Discounted for Use in Underwriting :
30%