Grants - AWARD SUMMARY


AUT. FINANCIAMIENTO DE LA VIVIENDA


The Tax Credit Assistance Program (TCAP) will fill financing gaps caused by the reduction of equity investment in the Low Income Housing Tax Credit (LIHTC) program. TCAP will provide gap financing for the construction or rehabilitation of affordable housing projects affected by the deteriorating housing market. The Recovery Act requires housing credit agencies to distribute TCAP funds competitively, in accordance with the Agency’s Qualified Allocation Plan. This Plan can be found at www.bgfpr.com. Projects awarded low income housing tax credits in fiscal years 2007, 2008, or 2009 were eligible for funding, but PRHFA gave priority to those projects that were expected to be completed by February 2012.

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AWARD OVERVIEW

AWARD OVERVIEW
Award Number M09-ES720100 Funding Agency Department of Housing and Urban Development
Total Award Amount $44,646,082 Project Location - City San Juan
Award Date 06/24/2009 Project Location - State PR
Project Status More than 50% Completed Project Location - Zip 00936-8461
Jobs Reported 0.00 Congressional District 01
Project Location - Country PR

Recipient Information (Grants)

Recipient Information (Grants)
Recipient Name AUT. FINANCIAMIENTO DE LA VIVIENDA
Recipient DUNS Number 090591801
Recipient Address 606 BARBOSA AVE
Recipient City SAN JUAN
Recipient State Puerto Rico
Recipient Zip 00917-4314
Recipient Congressional District 01
Recipient Country USA
Required to Report Top 5
Highly Compensated Officials
No

Projects and Jobs Information

Projects and Jobs Information
Project Title Tax Credit Assistance Program (TCAP)
Project Status More than 50% Completed
Final Project Report Submitted No
Project Activities Description Housing Development, Construction & Management
Quarterly Activities/Project Description TCAP funds will assist 11 projects throughout Puerto Rico resulting in 1,339 units of affordable rental housing. The 11 projects receiving TCAP funding are: Panorma Gold Apt (Bayamon-PR), Central American Village (Mayaguez-PR), Santa Rosa Elderly Apts. (Rincon-PR), Monserrate Elderly II (Hormigueros-PR), Golden Living Cidra (Cidra-PR), Golden Living Barceloneta (Barceloneta-PR), Cecilia Orta (Carolina-PR), Laderas del Rio Elderly Plaza (Bayamon-PR), Jardin de las Catalinas (Caguas-PR), Las Piedras Elderly Plaza (Las Piedras-PR) y Jardin de Santa Maria (Mayaguez-PR). As of February 15, 2012 the grant of $44,646,082 was committed and expended among the 11 projects and all the construction work was completed. Only one project is still under occupancy: Las Piedras Elderly Plaza. All the other projects are completed and occupied resulting in 1,216 of units and assisted families in Bayamon, Mayaguez, Rincon, Hormigueros, Carolina, Barceloneta, Cidra and Caguas. No program income was expended.
Jobs Created 0.00
Description of Jobs Created No jobs were created in this quarter.


Purchaser Information (Grants)

Purchaser Information
Contracting Office ID Not Reported
Contracting Office Name Not Available
Contracting Office Region Not Available
TAS Major Program 86-0203

Award Information

Award Information
Award Date 06/24/2009
Award Number M09-ES720100
Order Number
Award Type Grants
Funding Agency ID 86
Funding Agency Name Department of Housing and Urban Development
Funding Office Name Not Available
Awarding Agency ID 86
Awarding Agency Name Department of Housing and Urban Development
Amount of Award $44,646,082
Funds Invoiced/Received $44,646,082
Expenditure Amount $44,646,082
Infrastructure Expenditure Amount $0
Infrastructure Purpose and Rationale Not Reported
Infrastructure Point of Contact Name Not Reported
Infrastructure Point of Contact Email Not Reported
Infrastructure Point of Contact Phone Not Reported
Infrastructure Point of Contact Address Not Reported
Infrastructure Point of Contact City Not Reported
Infrastructure Point of Contact State Not Reported
Infrastructure Point of Contact Zip Not Reported

Product or Service Information (Grants)

Product or Service Information
Primary Activity Code L04
Activity Description Housing Development, Construction & Management

Sub-Awards Information

Sub-Awards Information
Sub-awards to Organizations 11
Sub-award Amounts to Organizations $44,646,082
Sub-Awards to Individuals 0
Sub-Award Amounts to Individuals $0
Number of Sub-awards less than $25,000/award 0
Amount of Sub-awards less than $25,000/award $0
Number of payments to vendors greater than $25,000 52
Total Amount of payments to vendors greater than $25,000/award $44,451,563
Number of payments to vendors less than $25,000/award 0
Total Amount of payments to vendors less than $25,000/award $0


Sub-Award Transactions

Sub-award TC09-047 - CECILIA ORTA LLC

Sub-Award Amount $3,707,046
Sub-Award Date 12/28/2009
Sub-Awards Disbursed $3,707,046.00
Project Location - City Bayamon
Project Location - State PR
Project Location - Zip Code 00956-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 832897115
Sub-Recipient Address CALLE DUENDE 2G-1 URB LOMAS VERDES
Sub-Recipient City BAYAMON
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00956-3146
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-017 - GOLDEN LIVING BARCELONETA

Sub-Award Amount $5,310,021
Sub-Award Date 12/11/2009
Sub-Awards Disbursed $5,310,021.00
Project Location - City San Juan
Project Location - State PR
Project Location - Zip Code 00918-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 832909605
Sub-Recipient Address 252 PONCE DE LEON AVE STE 301
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00918-2025
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-018 - GOLDEN LIVING CIDRA LP SE

Sub-Award Amount $5,749,549
Sub-Award Date 12/08/2009
Sub-Awards Disbursed $5,749,549.00
Project Location - City San Juan
Project Location - State PR
Project Location - Zip Code 00918-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 832854223
Sub-Recipient Address 252 PONCE DE LEON AVE STE 301
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00918-2025
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-027 - JARDIN DE LAS CATALINAS LIMITED PARTNERSHIP

Sub-Award Amount $1,193,407
Sub-Award Date 04/22/2010
Sub-Awards Disbursed $1,193,407.00
Project Location - City Guaynabo
Project Location - State PR
Project Location - Zip Code 00968-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 961941478
Sub-Recipient Address 100 RD 165 TWR 1 STE 706
Sub-Recipient City GUAYNABO
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00968-0968
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-028 - JARDIN DE SANTA MARIA LIMITED PARTNERSHIP

Sub-Award Amount $830,071
Sub-Award Date 09/01/2010
Sub-Awards Disbursed $830,071.00
Project Location - City Guaynabo
Project Location - State PR
Project Location - Zip Code 00968-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 961941734
Sub-Recipient Address 100 RD 165 TOWER 1 STE 76
Sub-Recipient City GUAYNABO
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00968-0968
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-033 - LADERAS DEL RIO ELDERLY

Sub-Award Amount $642,479
Sub-Award Date 01/22/2010
Sub-Awards Disbursed $642,479.00
Project Location - City SWAMPSCOTT
Project Location - State MA
Project Location - Zip Code 01907-2601
Project Location - Congressional District 06
Sub-Recipient DUNS Number 833044865
Sub-Recipient Address 5 PURITAN LN
Sub-Recipient City SWAMPSCOTT
Sub-Recipient State Massachusetts
Sub-Recipient Zip Code 01907-2601
Sub-Recipient Congressional District 06
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-034 - LAS PIEDRAS ELDERLY LP

Sub-Award Amount $6,354,469
Sub-Award Date 06/18/2010
Sub-Awards Disbursed $6,354,469.00
Project Location - City Guaynabo
Project Location - State PR
Project Location - Zip Code 00966-3175
Project Location - Congressional District 01
Sub-Recipient DUNS Number 962626409
Sub-Recipient Address ILA BUILDING SUITE 603
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00920-3175
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-003 - PANORAMA GOLD INC.

Sub-Award Amount $6,425,832
Sub-Award Date 10/07/2009
Sub-Awards Disbursed $6,425,832.00
Project Location - City San Juan
Project Location - State PR
Project Location - Zip Code 00918-2406
Project Location - Congressional District 01
Sub-Recipient DUNS Number 198308020
Sub-Recipient Address 152 AVE FD ROOSEVELT
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00918-2406
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-025 - PICERNE CA VILLAS LIMITED PARTNERSHIP, SE

Sub-Award Amount $13,681,414
Sub-Award Date 10/14/2009
Sub-Awards Disbursed $13,681,414.00
Project Location - City Altamonte Springs
Project Location - State FL
Project Location - Zip Code 32714-0000
Project Location - Congressional District 07
Sub-Recipient DUNS Number 066824512
Sub-Recipient Address 247 N WESTMONTE DR
Sub-Recipient City ALTAMONTE SPRINGS
Sub-Recipient State Florida
Sub-Recipient Zip Code 32714-3345
Sub-Recipient Congressional District 07
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-064 - T DEVELOPMENT & MANAGEMENT GROUP CORP.

Sub-Award Amount $206,567
Sub-Award Date 11/12/2009
Sub-Awards Disbursed $206,567.00
Project Location - City San Juan
Project Location - State PR
Project Location - Zip Code 00926-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 832605591
Sub-Recipient Address TRIGAL COURT BLDG RD 173 #200
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00926-0927
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award TC09-063 - T DEVELOPMENT & MANAGEMENT GROUP CORP.

Sub-Award Amount $545,227
Sub-Award Date 11/12/2009
Sub-Awards Disbursed $545,227.00
Project Location - City San Juan
Project Location - State PR
Project Location - Zip Code 00926-0000
Project Location - Congressional District 01
Sub-Recipient DUNS Number 832605591
Sub-Recipient Address TRIGAL COURT BLDG RD 173 #200
Sub-Recipient City SAN JUAN
Sub-Recipient State Puerto Rico
Sub-Recipient Zip Code 00926-0927
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No


Vendor Transactions

Primeco Builders, Inc. - Award Number M09-ES720100 - Primeco Builders, Inc.

Award Number M09-ES720100
Sub-Award Number TC09-047
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00926-2745
Vendor Name Primeco Builders, Inc.
Product and Service Description Construction Costs
Payment Amount $3,299,480

Puerto Rico Housing Finance Authority - Award Number M09-ES720100 - Puerto Rico Housing Finance Authority

Award Number M09-ES720100
Sub-Award Number TC09-003
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00936-8461
Vendor Name Puerto Rico Housing Finance Authority
Product and Service Description Reimbursement of Construction Costs
Payment Amount $705,241

Real Estate Advisory Services, Inc. - Award Number M09-ES720100 - Real Estate Advisory Services, Inc.

Award Number M09-ES720100
Sub-Award Number TC09-018
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00918-0000
Vendor Name Real Estate Advisory Services, Inc.
Product and Service Description Developer Overhead, Insurance, Cost Certifications, Fees & Permits, Engineering Fees
Payment Amount $38,037

Real Estate Advisory Services, Inc. - Award Number M09-ES720100 - Real Estate Advisory Services, Inc.

Award Number M09-ES720100
Sub-Award Number TC09-017
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00918-0000
Vendor Name Real Estate Advisory Services, Inc.
Product and Service Description Accounting, Cost Certification, and Reimbursement of Taxes
Payment Amount $38,071

Real Estate Advisory Services, Inc. - Award Number M09-ES720100 - Real Estate Advisory Services, Inc.

Award Number M09-ES720100
Sub-Award Number TC09-017
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00918-0000
Vendor Name Real Estate Advisory Services, Inc.
Product and Service Description Insurance, Cost Certifications
Payment Amount $3,380

Samuel Garcia-Angeli & Associates, PSC - Award Number M09-ES720100 - Samuel Garcia-Angeli & Associates, PSC

Award Number M09-ES720100
Sub-Award Number TC09-034
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00902-0522
Vendor Name Samuel Garcia-Angeli & Associates, PSC
Product and Service Description Legal Fees
Payment Amount $71,714

T. Development & Management Group Corp. - Award Number M09-ES720100 - T. Development & Management Group Corp.

Award Number M09-ES720100
Sub-Award Number TC09-063
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00936-0927
Vendor Name T. Development & Management Group Corp.
Product and Service Description Developer Overhead
Payment Amount $125,001

The Linden Group Corporation - Award Number M09-ES720100 - The Linden Group Corporation

Award Number M09-ES720100
Sub-Award Number TC09-047
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 23219-0000
Vendor Name The Linden Group Corporation
Product and Service Description Development Consultant
Payment Amount $100,000

V Architecture - Award Number M09-ES720100 - V Architecture

Award Number M09-ES720100
Sub-Award Number TC09-017
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00909-1905
Vendor Name V Architecture
Product and Service Description Inspection
Payment Amount $67,068

Victor E. Rivera Associates, Inc. - Award Number M09-ES720100 - Victor E. Rivera Associates, Inc.

Award Number M09-ES720100
Sub-Award Number TC09-034
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00732-0000
Vendor Name Victor E. Rivera Associates, Inc.
Product and Service Description Architect Supervision
Payment Amount $25,106

Vissepo & Diez - Award Number M09-ES720100 - Vissepo & Diez

Award Number M09-ES720100
Sub-Award Number TC09-028
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00681-0000
Vendor Name Vissepo & Diez
Product and Service Description Construction Costs
Payment Amount $220,579

VPC Development Management Group, PSC - Award Number M09-ES720100 - VPC Development Management Group, PSC

Award Number M09-ES720100
Sub-Award Number TC09-047
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 00919-1308
Vendor Name VPC Development Management Group, PSC
Product and Service Description Construction Management
Payment Amount $70,480
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Project Location Detail

Location Information
Latitude, Longitude 18º 23' 29", -66º 3' 45"
Congressional District 01
Address 1 P.O. Box 71361
Address 2
City San Juan
County San Juan
State PR
Zip 00936-8461
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