1. Site Location

2. Meadowlark Site Plan 3. Meadowlark House Plot Plan 4. Meadowlark Front Elevations 5. Why Leavenworth needs Affordable Homes Employees and their families whether school teachers,retail workers, or hospital workers cant find affordablehomes Our community is losing families and population Another ten years of decline of affordable homes maypermanently change our community Will our School District be sustainable? At what level? To remain healthy our community, our economy, ourbusinesses need employees and their families living here. 6. Funding Sources Planning and EngineeringSourcesPrivate Property Partners (3) $135,000Chelan County $75,000City of Leavenworth $50,000Private Donors$50,000Habitat Gift$100,000Interim Bank Financing$250,000TOTAL PRE-$660,000DEVELOPMENT COSTESTIMATE 7. Percentage by Source Private Property Partners (3) Chelan County Private Property Partners(3) 20%Interim Bank Financing City of Leavenworth 38% Chelan County11% Private Donors City ofLeavenworth8% Undisclosed TentativeHabitat Gift Private SourceHabitat Gift Donors15% 8%Interim Bank Financing 8. 2011 Meadowlark GoalsYear Date Goal10/14/2011 1. Financial feasibility and business plan 2. Planned Development Chelan County permit10/14/2011 application submitted10/15/2011 3. CVB bridge loan for $250,000 4. SHOP funding underwriting commitment2011 5. City municipal bond commitment10/15/2011 6. Launch funding plan and requests for est. $3,000,000 socially responsible investment fund to carry development through completion12/15/2011 7. Final County Planned development permit 9. 2012 and 2013 Meadowlark GoalsYear DateGoal8. Begin soliciting & screening newMarch to June 2012homeowners9. Final selection of homeowners forJune to August 2012waiting list and homes 3/1/2012 10. ORFH/Housing Authority commit201211. Securing lenders for permanent May 2012mortgages for CLT homeowner loans February to April 2012 12. Final utility design and bidApril to September 2012 13. Utility Construction2013 September 2012 to March 2013 14. Home construction begins 10. Who We SupportMeet the Homeowners 11. Meadowlark Site Plan