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2018.05.02 EDC
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2018.05.02 EDC
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2/15/2019 2:38:40 PM
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Construction Timeline <br />Construction of the single family homes and townhomes would likely be the first phase of construction due to the <br />funding requirements of the multifamily components. <br />Each multifamily building will have a construction timeline of 12-18 months. The senior building located on the <br />South site would likely be developed first. Construction could begin as early as summer 2019. <br />While construction of the multifamily buildings on the North site can be completed within 12-18 months, securing <br />the project’s highly-competitive funding sources will drive the project’s overall timeline. It is anticipated that both <br />building located on the North site will be <br />financed via Low Income Housing Tax Credits <br />(LIHTC). LIHTC for this development could take <br />several years to secure. Project construction <br />would begin six months following an award of <br />LIHTC. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Development Amenities <br />As part of its new developments, Aeon typically <br />includes the following amenities: <br />• Fitness rooms <br />• Community rooms with kitchenettes <br />• Quite spaces <br />• Ample green space (Two parks are proposed for this site) <br />• Interior walking paths <br />• Outdoor recreation amenities (i.e., fire pits, playground equipment) <br /> <br /> <br /> <br /> <br />
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