Mary D Stone Julia Bancroft Auburn MA PENNROSE

Mary D. Stone & Julia Bancroft, Auburn, MA PENNROSE UPDATE TO AUBURN SELECTMEN

Mary D. Stone & Julia Bancroft, Auburn, MA PROGRESS TO DATE • • • Meeting with various Town of Auburn stakeholders – Fall 2017 Design Charrette at Town Hall – September 2017 Historic Tax Credit Submission, Part I – October 2017 Zoning Approval – December 2017 Historic Tax Credit Submission, Part II – October 2018 Federal LIHTC Pre-App Submission (Both) – November 2018 Federal LIHTC App Submission (Mary D. Stone) – February 2019 Historic Tax Credit, Part II Approval (Mary D. Stone) – April 2019 Federal LIHTC App Re-Submission (Mary D. Stone) – October 2019 • Federal LIHTC Award (Mary D. Stone) – December 2019 • Federal LIHTC App Submission (Julia Bancroft) – February 2020 • Mary D. Stone Construction Start – Summer 2020

Mary D. Stone & Julia Bancroft, Auburn, MA FUTURE TIMELINE Mary D Stone March 2020 April 2020 July/Aug 2020 April 2021 Sept/Oct 2021 Zoning Board ANR Approval Building Permit Submission Construction Start Pre-Leasing Activities Begin Construction Complete Julia Bancroft February 2020 April 2020 August 2020 January 2021 Winter 2021 *Subject to MA DHCD Approval Federal LIHTC App Submission Historic Tax Credit, Part II Approval Federal LITHC Award* Zoning Board. ANR Approval Construction Start

Mary D. Stone & Julia Bancroft, Auburn, MA MARY D. STONE

Mary D. Stone & Julia Bancroft, Auburn, MA SITE PLAN Total Unit Count - 55 Total Parking Count: 47 Bedroom Count Studios - 11 1 bedroom – 34 2 bedroom – 10 Income Mix <60% AMI – 45 (80%) Market – 10 (20%) Amenities Community Room Meeting Room Laundry Rooms Resident Lounges

Mary D. Stone & Julia Bancroft, Auburn, MA FIRST FLOOR PLAN

Mary D. Stone & Julia Bancroft, Auburn, MA

Mary D. Stone & Julia Bancroft, Auburn, MA ELEVATION

Mary D. Stone & Julia Bancroft, Auburn, MA

Mary D. Stone & Julia Bancroft, Auburn, MA JULIA BANCROFT

Mary D. Stone & Julia Bancroft, Auburn, MA FIRST FLOOR PLAN Total Unit Count - 60 Total Parking Count: 60 (Not including spaces at Town lot by baseball field) Bedroom Count Studio - 6 1 bedroom – 48 2 bedroom – 6 Community Room Management Suite Income Mix <60% AMI – 45 (75%) Market – 15 (25%) Main Entry Maint. Shop Amenities Community Room Laundry Rooms (every floor) Resident Services Offices

Mary D. Stone & Julia Bancroft, Auburn, MA

Mary D. Stone & Julia Bancroft, Auburn, MA SECOND FLOOR PLAN Elect. Room Maint. Room Lounge Fitness

Mary D. Stone & Julia Bancroft, Auburn, MA THIRD AND FOURTH FLOOR PLAN

Mary D. Stone & Julia Bancroft, Auburn, MA FUTURE TIMELINE Mary D Stone March 2020 April 2020 July/Aug 2020 April 2021 Sept/Oct 2021 Zoning Board ANR Approval Building Permit Submission Ground Breaking & Construction Start Pre-Leasing Activities Begin Construction Complete & Ribbon Cutting Julia Bancroft February 2020 April 2020 August 2020 January 2021 Winter 2021 *Subject to MA DHCD Approval Federal LIHTC App Submission Historic Tax Credit, Part II Approval Federal LITHC Award* Zoning Board ANR Approval Construction Start

Mary D. Stone & Julia Bancroft, Auburn, MA Questions?