Mutual Development Service, Corp. Since 1993 LOW INCOME HOUSING PROJECTS LIHTC Development in Puerto Rico
Mutual Development Service, Corp. Since 1993 24 20 years committed commited to the development of a country LIHTC Development in Puerto Rico
From left to right From left to right the developers: the developers: Carlos M. Colón McFarland Carlos M. Colón Jr., attorney, Victoria A. Colón McFarland Ricardo Carlos M. Solá, Colón engineer Mcfarland, Carlos and Ricardo M. Colón Solá, engineer Jr., attorney Mutual Development Service, Corp. mutualdsc.com
We build for our people The developers Carlos M. Colón, Carlos M. Colón McFarland and engineer Ricardo Solá integrate the team of Mutual Development Service, Corp. of Puerto Rico. Our team has great success qualifying, building and operating projects with the Puerto Rico Department of Housing, Puerto Rico Housing Finance Authority, the Federal Low Income Housing Tax Credit Program, the Home Program, Law 173, and the Project Based Section 8 Program. Since the completion of our first project in 1995 we have completed the construction of 644 apartments for rent geared to low income families and the elderly. Twenty years committed to the development of low income multi family subsidized housing for families and the elderly. More than 644 units built Around 100 million dollars invested 1,000 direct jobs created 2,000 indirect jobs created 35 permanent jobs 35 indirect jobs Mutual Development Service, Corp. P.O. Box 192037 San Juan, Puerto Rico 00919-2037 Tel. 787-759-8585 Fax 787-751-8586 info@mutualdsc.com LIHTC Development in Puerto Rico 3
Panorama Gold Apartments (Phase I & II) Bayamón Mutual Development Service, Corp. mutualdsc.com
Today, the 644 units built are home to Puerto Rican families PROJECTS IN OPERATION NUMBER SUBSIDIES OF UNITS APARTMENTS FOR FAMILIES (2 & 3 BEDROOMS) Jardines de Loiza Apartments (Phase I), Loiza 80 Section 8 Jardines de Loiza Apartments (Phase II), Loiza 27 Section 8 SUB-TOTAL 107 APARTMENTS FOR THE ELDERLY (1 BEDROOM) Loiza Home for the Elderly, Loiza 120 Section 8 Apartamentos Notre Dame, Caguas 88 Section 8 Cabo Rojo Elderly Apartments, Cabo Rojo 88 Section 8 Panorama Gold Apartments, Bayamón 168 Section 8 Urbana Elderly Apartments (Phase I & II), San Juan 73 Law 173 SUB-TOTAL 537 Total units in operation 644 LIHTC Development in Puerto Rico 5
Loiza Home for the Elderly Loiza Mutual Development Service, Corp. mutualdsc.com
More than 100 million invested in Puerto Rico for social interest projects Cabo Rojo Elderly Apartments Cabo Rojo Jardines de Loiza Apartments Loiza Apartamentos Notre Dame Caguas Urbana Elderly Apartments San Juan All projects developed have been carefully designed to provide ample facilities and services to families, the elderly and the physically handicapped to meet all requirements and provide equal housing opportunities. LIHTC Development in Puerto Rico 7
Panorama Gold Apartments (Phase III) Bayamón Mutual Development Service, Corp.
Mutual Development Service, Corp. Projects in development PROJECTS FOR CONSTRUCTION NUMBER SUBSIDIES OF UNITS PROJECTS FOR CONSTRUCTION WITH SUBSIDIES APPROVED (TO BE BUILT IN 2014) Ciudad Lumen (Phase I), 140 Section Law 173 8 Martinez Nadal Station, San Juan Panorama Gold Apartments (Phase III), Bayamón 42 Section 8 SUB-TOTAL 182 PROJECTS DESIGNED, PENDING SUBSIDIES TO BE BUILT De Diego Apartments, San Juan 95 Ciudad Lumen (Phase II), 140 Martinez Nadal Station, San Juan SUB-TOTAL 235 LIHTC Development in Puerto Rico 9
Ciudad Lumen (Phase I and II) Martinez Nadal Station San Juan 280 one bedroom units Constructor: DDD Construction Local: 7,471 square meters Mutual Development Service, Corp. GENERAL CONTRACTORS
Residential project for the elderly Ciudad Lumen All illustrations and digital renderings included in this presentation are artistic representations. LIHTC Development in Puerto Rico 11
P.O. Box 192037 San Juan, Puerto Rico 00919-2037 Tel. 787-759-8585 Fax 787-751-8586 info@mutualdsc.com Mutual Development Service, Corp. mutualdsc.com
Our business relationships are built on solid foundations All projects developed have been carefully designed to provide ample facilities and services to families, the elderly and the physically handicapped to meet all requirements and provide equal housing opportunities. LIHTC Development in Puerto Rico EGUAL HOUSING OPPORTUNITY
All illustrations and digital renderings included in this presentation are artistic representations. Mutual Development Service, Corp. mutualdsc.com
A view into future projects De Diego Apartments San Juan LIHTC Development in Puerto Rico 15
Mutual Development Service, Corp. Since 1993 20 24 years committed commited to the development of a country For more information: P.O. Box 192037 San Juan, Puerto Rico 00919-2037 Tel. 787-759-8585 Fax 787-751-8586 info@mutualdsc.com www.mutualdsc.com LOW INCOME HOUSING PROJECTS LIHTC Development in Puerto Rico
Mutual Development Service, Corp. Since 1993 P.O. Box 192037 San Juan, Puerto Rico 00919-2037 Tel. 787-759-8585 Fax 787-751-8586 info@mutualdsc.com www.mutualdsc.com Financed by: 2013 Mutual Development Service, Corp. EGUAL HOUSING OPPORTUNITY