According to a 6/13/2011 pro forma on file at city hall, the cost of this project will be $15,437,681. Half of this would be raised by selling shares in a Limited Liability Corporation (LLC) to corporations which can then claim Low Income Housing Tax Credits, as well as being able to deduct the property's depreciation. SSC would be the managing general partner of the LLC although the limited partners would have veto power. Another 19% of the funding will come from low-interest "permanent" mortgage, and the rest from a variety of city, state, federal and private funds.
For its role as the developer SCC would be paid up to $989,519, half in overhead and half in fee by the time the development is constructed. Rents collected by the LLC would pay for debt service and operating costs. In addition to this SCC could get $437,681 in deferred fees out of a portion of cash flow after service.