Location
Washington
, DC
Project Overview
Lender:
National Housing Trust Community Development Fund
Lender Type:
CDFI
Property Ownership:
Non-profit
Deal Overview:
Installation of solar photovoltaic systems for electricity and solar thermal for hot water
Improvements Covered:
Renewable energy
Type of Project:
Retrofit/Renovation
Buildings:
1
Total Units:
223
Financing Details
Financing Type:
Construction/Rehab
Total Delivery Cost:
$1,712,071
Tax Equity:
$513,621
Loan 1 Amount:
$1,198,450
Loan 1 Term:
15
Loan 1 Repayment Source:
Funds from power purchase agreement
Completion Status:
Completed
Underwriting Considerations
Expected Annual Income:
$34,022
Debt Service Coverage Ratio:
1.15
Percentage Projected Energy Savings Discounted for Use in Underwriting :
30%
