HomeMy WebLinkAbout2020 - Downtown Development Authority - Annual Report2020 Year in Review 4
2020 Year in Review 6
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Civic Center Parking Garage
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Laporte Avenue2
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FORT COLLINS ALLEY RENOVATIONS - 2020 JANUARY 2021WEST OAK ALLEY
PLAN VIEW
Joy Organics
Jay’s Bistro
ACE Hardware
Dae Gee Korean BBQ
Armstrong Hotel
Brand Spanking
New Thrift Store
KEY231Vertical Gateway ElementFestoon LightingHanging Baskets4Planter Pots5Benches
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6 Pedestrian Lighting
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2020 Year in Review 8
2020 Year in Review 9
2020 Year in Review 10
Source Amount
DDA Contribution to LIHTC Project $5,352,217
DDA Contribution to
Commercial Project $1,475,000
Land Value Contribution $2,353,220
TOTAL DDA Contribution $9,180,437
Source Amount
DDA Equity $1,475,000
Housing Catalyst Building Acquisition $1,325,000
Construction to Permanent Loan $537,869
TOTAL $3,337,869
Source Amount
DDA Equity $5,352,217
Federal And State LIHTC Equity $11,850,490
Construction to Permanent Financing $7,010,000
CDOH Funds $630,000
Deferred Developer Fee $527,975
TOTAL $25,370,682
2020 Year in Review 12
2020 Year in Review 13