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NewB_Senior_4%_Final <br />Total Costs Per Unit <br />4% <br />Credit Basis <br />9% <br />Credit Basis <br />Historic <br />Credits Basis <br />Inter‐ <br />med.  <br />Costs Comments <br />DEVELOPMENT COSTS <br />RESERVES AND NON‐MORTGAGEABLE COSTS <br />805,497 6,712 <br />36,000 300 <br />Non‐Mortgageable Costs Total 841,497 7,012 <br />TOTAL DEVELOPMENT COST <br />Total Development Costs 24,828,375 206,903 <br />Total Basis for Tax Credits 22,691,450 22,691,450 <br />Total Intermediary Costs % of total 18.28%4,538,101 <br />Operating Reserve <br />Replacement Reserve <br />Workbook Development Costs ‐ Page 17 of 32 3/26/2018 5:31 PM