AIG Sun America is providing construction financing for this development in the amount of $2MM. AIG also committed a rate-locked forward funding commitment at 7.75% per annum fixed for 18 years, with a 30-year amortization permanent mortgage for this property in the amount of $1.50MM. The contractor broke ground on the project in August 2007. Completion: April 2008. 100% occupancy was achieved June 2008. AIG provided the perm loan at stabilization. The project received a soft money contribution from WHA for $600,000 plus an assignment of the pubic housing subsidy for the public housing units. The HTC award was $527,676 in annual 9% credits, $5,276,760 total. The construction contract was for $7.25MM. RISE was the property manager through lease-up and stabilization.