RESERVATION OF 1998 LOW INCOME HOUSING TAX CREDITS STATE OF NEVADA HOUSING DIVISION 1998 LOW INCOME HOUSING APPLICANTS / RECIPIENTS AS OF June 15, 1998
NAME AND LOCATION CONTACT PERSON/
SPONSORCREDIT
REQUESTEDPROJECT
TYPETOTAL UNITS/
LOW INCOMESET-ASIDE CLAIMED DATE OF RESERVATION AMOUNT TO RESERVATION Arborwood
Broadway St.
Fallon, NVAnnette Wood
Bellevue WA
425-883-8060
425-869-1539 Fax.$101,026 New Const
USDA-RD
Nonprofit46/46 na na na Banbridge
TBD Hwy 93
Jackpot, NVThomas Mannschreck
Affordable Housing of Nv
Boise ID
800-439-6796
208-343-8900 Fax.$275,404 New Const
w/o Feb Sub36/36 na na na Cedar Creek Apts. of Jackpot
Jackpot, NVDavid J. Cordes CRC Development Group
Sunset Beach, CA
562-592-1518
562-592-2049
Fax.$244, 270 New Const.
w/o Fed Sub36/36 na na na Cheyenne Point
North Las Vegas, NVDon Paxton
Picerne Development Corp.
Altamonte Springs, FLA
407-772-0200
407-772-0220 Fax.$400,000 New Const.
w/o Fed Sub48/48 na na na Clark Place
Las Vegas, NVGarrett Carlson
Community Housing Corp
Naples, FLA
941-262-3744
941-262-3464 Fax.$348,411 New Const.
W/ Fed Sub50/50 na na na Crestmore Village
Gardnerville, NVDon Paxton
Community Housing Corp.
Altamonte Springs, FLA
407-772-0200
407-772-0220 Fax$65,102 New Const.
Additional Credit<40/40> na na na Crestmore Village Apts.
Phase II
Same as abovesame as above same as above same as above same as above same as above same as above same as above Double Down Apts.
Jackpot, NVJohn Doren
Glendoren, Inc.
La Mesa, CA
619-464-3034
619-464-3624 Fax$229,746 New Const.
w/o Fed Sub40/40 na na na Harmony Park Family Apts.
Las Vegas, NVKandi Jackson
Long Beach, CA
562-256-2035
562-256-2004 Fax$440,213 New Const
w/o Fed Sub48/48 Clark County May 29, 1998 $419,250 Heritage Park
Beatty, NVMary A. Gregory
Elko, NV
702-738-8000$60,334 New Const
W/Fed Sub.
(USDA)20/20 USDA-RD May 29, 1998 $53,937 Fairway Vista
Jackpot, NVRico Brazil
KOA Development
Nampa, ID
208-461-0022
208-461-0033 Fax$283,500 New Const
w/o Fed Sub36/36 na na na Park Place
Reno, NVEileen Piekarz
Affordable Housing Resource Ctr
Reno, NV
775-324-1870
775-324-2553 Fax.$328,659 New Const.
w/o Fed Sub85/85 Washoe County May 29, 1998 $312,632 St. Vincent's H.E.L.P.
Las Vegas, NVMichael Husted
St. Vincent H.E.L.P. Inc.
Las Vegas, NV
702-385-2662
702-384-0677 Fax.
Vincent Ravaschiere
212-779-3350
212-779-3353
Fax.$317,033 New Const.
With Fed. Sub54/54 Clark County May 29, 1998 $294,840 San Jacinto
Jackpot, NVGlenn B. Walling
Desert Developers
Lakeside, CA
619-443-6717
619-443-6257 Fax.$288,000 New Const
w/o Fed Sub50/50 Other County May 29, 1998 $287,971 Shadow Mtn
Pahrump, NVDorothy North
Vitality Center
Elko, NV
775-738-8004
775-738-2625 Fax.$40,000 New Const
W/Fed Sub(USDA) 16/15 na na Shadow Mtn Apts.
same as abovesame as above $58,486 same as above same as above 20/19 na na Shadow Mtn. Apts.
same as abovesame as above $101,868 same as above same as above 36/35 na na Sierra Pines
Las Vegas, NVMike Mullin
Nevada HAND
Las Vegas, NV
702-739-3345
702-739-3005 Fax.$62,431 New Const.
Additional Credit<90>/<90> Clark County May 29, 1998 $56,920 Stewart Pines No.
Las Vegas, NVMike Mullin
Nevada HAND
same as above$258,683 New Const.
w/o Fed Sub36/36 nonprofit $288,250
Clark County
$131,000
NV Gen Pool
$88,068
National Pool $3,055May 29, 1998 June 15, 1998
Sept. 21, 1998
$419,250 $88,068
$3,055
Stewart Pines. South
(Stewart Pines No. & So. considered one project)same as above $258,683 same as ablve 36/36 na na na Sun River Apts
Mesquite, NVMary A. Gregory
Elko, NV
775-738-8000
775-738-2919 Fax.$ 71,963 New Const.
w/fed sub
(USDA)24/24 USDA-RD
National PoolMay 29, 1998
Sept. 21, 1998$64,587
$6,000Sunset Park Apts.
Las Vegas, NV
(combined with Harmony Park)Kandi Jackson
Long Beach, CA 90802
562-256-2035
562-256-2004 Fax$440,213 New Const.
w/o fed sub48/48 na na na Vista Point
Reno, NVDon Paxton
Picerne Dev. Corp.
Altamonte Springs, FL
407-772-0200
407-772-0220 Fax.$86,935 New Const
Addition Credit<44>/<44> Washoe County June 8, 1998 $80,489 Vista Point Phase II Same as above $354,474 New Const 44/44 na na na Willowbrook
Winnemucca, NVMary A. Gregory
Elko, NV
775-738-8000
775-738-2919 Fax.$54,303 New Const
USDA-RD20/20 USDA-RD
Returned 1997
$33,698
Other County 1998
$21,638May 29, 1998 $55,336 TOTAL 1998 LOW INCOME HOUSING TAX CREDIT REQUESTED $ 5,447,112.00
1998 State Ceiling 1,677,000 x $1.25 $ 2,096,250.00
Carryover and other Credits
1997 Eastline Apartments not used 3,692.00
1997 Willowbrook III 33,698.00
(Returned to be combined with 1998) 37,390.00
Balance of Nevada’s General Pool 360.00
1998 National Pool 8,695.00TOTAL $ 2,142,695.00
Non-Profit Set Asides
Minimum required 10% 209,625.00
Additional 78,625.00
Total Non-Profit 288,250.00USDA-RD 80,000.00
USDA-RD Non-Profit 40,000.00
Total USDA-RD 120,000.00
Allocated 118,524.00
(Balance available for Geographic Distribution, $1,476.00)TOTAL 1998 SET ASIDES 408,250.00
1998 GEOGRAPHICAL APPORTIONMENT
Clark County 1,122,460.00
Washoe County 328,080.00
Other Counties 276,326.00Total Geographical $1,726,866.00
TOTAL SET ASIDES AND GEOGRAPHICAL APPORTIONMENT 2,133,640.00
Total 1998 Tax Credit Reserved Through June 15, 1998 2,133,280.00
Balance of 1998 Tax Credits Available 360.00
August 24, 1998 IRS Revenue Procedure 98-45 1998 National Pool 8,695.00Remaining 1998 Low-Income Housing Tax Credits 9,055.00
Reservations of Sept. 21, 1998 Stewart Pines North/South 3,055.00
Sun River 6,000.00
Total Reserved 9,055.00
Balance of 1998 Low-Income Tax Credits 0