Wildwood II

Wildwood II Project Description:

12 Total Single-Family Homes (3BRs/2BAs)
Electra & Benton Avenue, Sayre, Oklahoma 73662
New Construction

Unit Make Up

7 three-bedroom units at 60% AMI at $665 a month
5 three-bedroom units at 50% AMI at $590 a month

The total project cost of the Wildwood II project is over $3.6 million; the funding of the project is comprised of: tax credit equity (Federal) of $1,703,070, tax credit equity (State) of $1,113,464, HOME Investment Partnership Funds (HOME) of $500,000, and permanent financing of $309,938.

General Partner/Non-Profit: Midwest Housing Initiatives
Developer: Excel Development Group
State Allocating Agency: Oklahoma Housing Finance Agency
Federal Syndicator: CREA
State Syndicator: Advantage Capital
Construction/Perm Lender: Horizon Bank
Engineer: REGA Engineering
General Contractor: Express Development