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T WAX Of <br />—r- mnms <br />COLORADO. SINCE 1878 <br />L • <br />Status of the IGA Commitments <br />(continued) <br />3. Provision of additional 15 units of affordable housing in five years <br />Boulder County has purchased 12.86 acres in Louisville located at 245 96th Street and known as the Alkonis <br />property. The transaction closed March 22, 2013. Boulder County has done preliminary studies to <br />determine that the site is highly suitable for affordable housing. Boulder County and BCHA staff will be <br />engaged in the small area planning process lead by the City in 2013, and hope to have permit -ready <br />development by 2015. <br />Alkonis Pro•osed Zoning and Connections <br />NW <br />1,04995f) <br />MF <br />{(N.D89v) <br />- +reuua01waaaa4n <br />SNP <br />� rxme aFt <br />J <br />r• <br />Current property operations - reporting on the 146 units managed by BCHA and owned by BCHA or <br />LHA or LIHTC partnership (see attached map) <br />Vacancy rate - 3% <br />LHA - Net operating income - $157,728 before depreciation - $55,494 after depreciation <br />East Street - Net operating income - $16,369 before depreciation - ($109,826) after depreciation <br />LHA - Debt service coverage ratio - 3.14 <br />East Street - Debt service coverage ratio - 1.2 <br />