as he brooke

8/6/2019 As He Brooke

1/34

Is project in Qualified Census Tract & Difficult to Develop area?

Does a community revitalization plan exist?

Print Preview - Final Application

Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans

Project Name and Location

Project Name: Ashebrooke Apartments

Address: Randall Lane

City: Goldsboro County: Wayne Zip: 27533

Census Tract: 13 Block Group:

No

No

Political Jurisdiction: City of Goldsboro

Jurisdiction CEO Name: First: Last:Al King Title: Mayor

Jurisdiction Address: P.O. Drawer A

Jurisdiction City: Goldsboro Zip: 27533-9701

Jurisdiction Phone: (919)580-4330

Site Latitude:

Site Longitude:

Page 1 of 34Print - APP04-0058

1/14/2005https://www.nchfa.org/Rental/RTCApp/(rofygxj1bcpzgn23kfdhtfnj)/site/PrintApp.aspx?II...


2/34

Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project?

If yes, list names of previous phase(s):If yes, list names of previous phase(s):

Will the project be receiving project based federal rental assistance?

If yes, provide the subsidy source:If yes, provide the subsidy source: and number of units:and number of units:

Target Population: Family

Indicate below any additional targeting for special populations proposed for this project:

Project Description

Project Type:* New Construction Rehab Adaptive Reuse

No

No

Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federaland state codes.)

Persons with disabilities or homeless populations: the greater of 5 units or 10% of the total units

Remarks:




3/34

Applicant Information

Applicant Name: John Bell

Address: 1204 East Ash St.

City: State: NC Zip:Goldsboro 27530

Contact: First: Last: Title:John Bell

Telephone: (919)734-4321

Alt Phone:

Fax: (919)734-1840

Email Address: [email protected]




4/34

Total Site Acreage: Total Buildable Acreage:

If buildable acreage is less than total acreage, please explain:

Identify utilities and services currently available (and with adequate capacity) for this site:

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned?

If yes, please describe:

Are existing buildings on the site currently occupied?

If yes:(a) Briefly describe the situation:

(b) Will tenant displacement be temporary?

(c) Will tenant displacement be permanent?

Is the site directly accessed by an existing, paved, publicly maintained road?

If no, please explain:

Is any portion of the site located inside the 100 year floodplain?

If yes:(a) Describe placement of project buildings in relation to this area:

(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:

Site Description

9.1 9.1

No

No

Yes

No




5/34


6/34

Does the owner have fee simple ownership of the property (site/buildings)?

If yes provide:

Purchase Date: Purchase Price:

If no:

Site Control

No

(a) Does the owner/principal or ownership entity have vaild option/contract to purchase the property? Yes

(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for

purchase of the property and the seller of the property?If yes, specify the relationship:

Yes

John Bell, a proposed member of Goldsboro Housing Associates, LLC, is the fee simple owner ofthe property.

(c) Enter the current expiration date of the option/contract to purchase: 12/31/2004

(D) Enter Purchase Price: 250,000




7/34

Present zoning classification of the site:

Is mutifamily use permitted?

Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?

If yes, have the hearings been completed and permits been obtained?

If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obtainingthem:

Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review?

If yes, describe below:

Are there any existing conditions of environmental significance located on the project site?

If yes, describe below:

Zoning

R-12

Yes

No

No

No




8/34


9/34


10/34

Square Footage Information

Notes

Project Includes:Separate community building -- Sq. Ft. (Floor Area):Sq. Ft. (Floor Area): 1,1131,113

Community space within residential bulding(s) -- Sq. Ft. (Floor Area):Sq. Ft. (Floor Area):

Elevators -- Number of Elevators:Number of Elevators:

Gross Floor Square Footage: 60,275

Total Net Sq. Ft. (All Heated Areas): 57,590

** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low incomeunits are within established thresholds.




11/34

Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to createanother row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.

Total Low Income Units:

Note: This number should match the total number of low income units in the Unit Mix section.

Targeting

# BRs Units %

1 1 targeted at 40 percent of median income.













55




12/34

Estimated pricing on sale of Federal Tax Credits: $0.

Remarks concerning project funding sources:(Please be sure to include the name of the funding source(s))

Loans with Variable AmortizationPlease fill in the annual debt service as applicable for the first 20 years of the project life.

Funding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan 330,000 7.50 30 30 27,688

RPP Loan 824,350 1.00 20 20Local Gov. Loan - Specify:

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan) 849,892 0 30 30 0

State Tax Credit(Direct Refund)

Equity: Federal LIHTC 2,688,789

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources** 4,693,031

* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt servicebelow.

** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

80




13/34

RPP Loan

Year:Amt:

1

23720

2

23656

3

23517

4

23296

5

22988

6

22587

7

22088

8

21484

9

20768

10

19933

Year:Amt:

11

18971

12

17875

13

16636

14

15246

15

13696

16

11975

17

10075

18

7984

19

5692

20

3186




14/34

Development Costs

Item Cost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Buildings (Rehab) 0

2 Demoli tion

3 On-site Improvements 495,000 495,000

4 Rehabilitation

5 Construction of New Building(s) 2,450,000 2,450,000

6 Accessory Building(s)

7 General Requirements 176,700 176,700

8 Contractor Overhead 62,434 62,434

9 Contractor Profit 187,302 187,302

10 Construction Contingency 101,143 101,143

11 Architect's Fee - Design 35,000 35,000

12 Architect's Fee - Inspection 7,000 7,000

SUBTOTAL (lines 1 through 12) 3,514,579

13 Construction Insurance (prorate) 8,000 8,000

14 Construction Loan Orig. Fee (prorate) 10,800 10,800

15 Construction Loan Interest (prorate) 75,000 75,000

16 Construction Loan Credit Enhancement (prorate)

17 Construction Period Taxes (prorate) 2,000 2,000

18 Water, Sewer and Impact Fees

19 Survey 36,000 36,000

20 Property Appraisal 5,000 0 5,000

21 Environmental Report 2,500 2,500

22 Market Study 4,000 4,000

23 Bond Costs (specify)

24 Cost of Issuance

25 Placement Fee

26 Permanent Loan Origination Fee 7,700

27 Permanent Loan Credit Enhancement

28 Title and Recording 2,000

SUBTOTAL (lines 13 through 28) 153,000

29 Real Estate Attorney 15,000 15,000

30 Other Attorney's Fees 20,000 20,000

31 Tax Credit App Fees 24,177 24,177

32 Cost Certification/Accounting Fees 5,000 5,000

33 Tax Opinion

34 Organizational (Partnership) 1,000

35 Tax Credit Monitoring Fee 33,000


36 Furnishings and Equipment

37 Relocation Expenses 0 0

38 Developer's Fee (max 15% lines 2-36, less 8 & 9) 527,403 527,403

39 Credit Report 0 0

40 Other Basis Expense (specify)

41 Rent-up Expenses 15,000

42 Other Non-basis Expense (specify)

43 Other Non-basis Expense (specify)


44 Rent up Reserve 16,500




15/34

Comments:

45 Operating Reserve 118,372

46 Other Reserve (specify)

47 Other Reserve (specify)

48 DEVELOPMENT COST (lines 1-47) 4,443,031 0 4,249,459

49 Less Federal Financing

50 Less Disproportionate Standard

51 Less Nonqualified Nonrecourse Financing

52 Less Historic Tax Credit (residential) 0

53 TOTAL ELIGIBLE BASIS 4,249,459 0 4,249,459

54 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

55 Basis Before Boost 4,249,459 0 4,249,459

56 Boost for QCT/DDA (if applicable, enter 130%) 100.00% 100.00%

57 TOTAL QUALIFIED BASIS 4,249,459 0 4,249,459

58 Tax Credit Rate 0.00% 7.91%

59 Federal Tax Credits at Estimated Rate 336,132 0 336,132

60 Federal Tax Credits at 8.5% or 3.75% 361,204 0 361,204

61 Federal Tax Credits Requested 0

62 Land Cost 250,000

63 TOTAL REPLACEMENT COST 4,693,031

LIne 19 includes both surveying and engineering fees.




16/34

Please provide a detailed description of the proposed project:

Construction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:

Have you built other tax credit developments that use the same building design as this project?

If yes, please provide name and address:

Site Amenities (check all that apply):

Onsite Activities:

Landscaping Plans:

Market Study Information

The proposed project is a fifity-five (55) unit family rental communtiy off Randall Lane in Goldsboro.Ashebrooke Apartments will consist of 1,2, and 3 bedroom apartments. There will be a separateoffice/community/laundry building, a playground, a picnic area and a walking trail for the residentsuse. The development will incorporate both garden and townhouse style apartments. The site'sclose proximity to shopping, schools and a grocery store make it a desirable location. The proposed

development is also located in the area of Goldsboro that is experiencing growth. The units will betargeted to households at 50-60% AMI. In addition, 10% of the units will be target to the mobilityimpaired.

30 Year Dimensional Roof Shingles

Yes

-White Oak Manor Apartments 41 Manor Lane Swansboro, NC 28584-Ridgewood Apts; 1018 Wait Ave; Wake Forest, NC 27857-Park Place Apartments; 107 Luxury Lane; Knightdale, NC 27545

Community Bldg - Sq Ft: 1,113 Community Room - Sq Ft: Garages - Number:

Laundry Rm Screened Porch Resident Computer Center Exam Rm Reading Rm/Library

Game/Craft Rm Exercise Rm TV Rm Beauty Salon Vending Rm

Chapel/Prayer Rm Picnic Area Onsite Leasing Office Onsite Mgr Onsite Maint. Person

Irrigated Lawns Security Gate Car Care Area Storage Units Gazebos

Walking Trails Garden Spots Basketball/Tennis Court Playground Ball Field

Pool Fitness Stations Horseshoe Pit Shuffleboard Covered Drive Thru

Resident will have full use of the computer center located in the communtiy building. Periodictraining courses will be conducted on computer hardware and software. Periodic homeownershipcounseling courses will also be conducted for those interestd in pursuing homeownership.

Each building will have landscaped planting in front of each apartment, in place in mulch beds.Trees will also be planted in front of and around the building and common areas where existingtrees may not be or can not be saved. The budgeted amount for landscaping in $1000 per unit.




17/34

Interior Apartment Amenities (check all that apply):

Flooring: Carpet Vinyl Wood Wood Parquet Ceramic Tile Other

Heating/Cooling: Central Air Gas Heat Heat Pump Electric Pump

Do you plan to submit additional market data (market study, etc.) that you want considered?

If yes, please make sure to include the additional information in your pre-application packet.

Range Hood Dishwasher Disposal Refrigerator (frost free) Storage interior/exterior

W/D Hookups Mini-blinds Pantry Ceiling fans Walk-in closets

VCT

No




18/34


19/34

For each applicable neighborhood feature, enter distance from project in miles.

Other facilities or services:

Grocery Store.7 Community/Senior Center1.8

Mall/Strip Center0.3 Hospital3

Outdoor Athletic Fields1 Pharmacy1

Day Care/After School0.25 Basic Health Care0.75

Schools0.25 Medical Offices0.75

Public Transportation Stop0.1 Bank/Credit Union0.5

Convenience Store0.25 Restaurants0.5

Basketball/Tennis Courts1 Professional Services1

Public Parks0.3 Movie Theater0.5

Gas Station0.25 Video Rental1.5

Library1.5 Public Safety (Fire/Police)0.25

Fitness/Nature Trails0.25 Post Office1.5

Public Swimming Pools




20/34


21/34

DevelopmentList number low-income/tax credit housing projects and units developed, operated, and maintained in compliance by the principal(s) betweenDecember 1, 1996 and January 1, 2003:

ManagementList number of low-income housing tax credit units managed in the past 10 years:

Has any owner, principal, or management agent been debarred or received a limited denial participation in the past 10 years by any federal or

state agency?

Has any owner, principal, or management agent been involved in a bankruptcy, an adverse fair housing settlement, an adverse civil rights

settlement, or an adverse federal or state government proceeding and settlement in the past 10 years?

Has any owner or principal been in a mortgage default or delinquency of three months or more within the last 5 years on a FHA-insuredproject, a Rural Development funded rental project, a tax-exempt funded mortgage, a tax credit project, or any other publicly subsidized

project?

Has any owner or principal been involved within the last 10 years in a project which previously received an allocation of tax credits but failed tomeet compliance standards of the tax credit allocation, including return of a reservation of tax credits to the Agency after the carryover

agreement has been signed?

Has any owner or principal had a Form 8823 filed with the IRS for noncompliance on a project using low-income housing tax credits or

received a letter of non-compliance from the Agency?

Project Team Experience

North Carolina Other States

Projects: 9 0

Units: 370 0

North Carolina Other States

Projects: 17 0

Units: 728 0

No

No

No

No

No




22/34

Financing Commitments

Does the project have a firm commitment for construction financing? No

Does the project have a letter of intent for private permenant financing? Yes

Does the project have a firm commitment for government financing? No

Does the project have a letter of intent from an investor? Yes

Is any portion of the eligible basis of new contruction or rehabilitation financed with federal subsidies other than CDBG funds or fundsfrom the HOME program? No

If yes, indicate the type and amount below:

Tax Exempt Financing: $

RD 515 Financing: $

Hope VI Financing: $

Other: $

If Other, specify the type of Federal subsidy:




23/34

Project Operations (Year One)

Projected Operating Costs

Administrative Expenses

Advertising 3,000

Office Salaries

Office Supplies

Office or Model Apartment Rent

Management Fee 17,235

Manager or Superintendent Salaries 18,000

Manager or Superintendent Rent Free Unit

Legal Expenses (Project) 500

Auditing Expenses (Project) 4,000

Bookkeeping Fees/Accounting Services

Telephone and Answering Service 2,500

Bad Debts

Other Administrative Expenses (specify):500

SUBTOTAL 45,735

Utilities ExpenseFuel Oil

Electricity (Light and Misc. Power) 9,500

Water 1,300

Gas

Sewer 850

SUBTOTAL 11,650

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies

Janitor and Cleaning Contract

Exterminating Payroll/Contract 3,500

Exterminating Supplies

Garbage and Trash Removal 9,500

Security Payroll/Contract

Grounds Payroll

Grounds Supplies 2,500

Grounds Contract 9,000

Repairs Payroll 18,000

Repairs Material 3,000

Repairs Contract 3,000

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract 3,000

Decorating Supplies 3,500

Other (specify):500

Miscellaneous Operating & Maintenance Expenses 200

SUBTOTAL 55,700

Taxes and Insurance

Real Estate Taxes 34,000

Payroll Taxes (FICA) 4,000

Miscellaneous Taxes, Licenses and Permits 250




24/34


25/34


26/34

Design Features

ITEM DESCRIPTION

Foundation/Slab Components Brick and Block Foundation with concrete slab

Primary Windows Make: Model:Silverline 2900 Type/Construction: Vinyl-Tilt Sash w/5/8" insulated Glass- 6/6 Lite

Exterior Doors Type: Frames:Stanley Metal-6Panel Wood

Siding Type: Grade/Thickness:Vinyl .044

Warranty: Lifetime

Exterior Trim Vinyl and Aluminum Coil

ShinglesType: Weight:

Tamko-DimensionalShingles

HeritageSeries

Warranty: 30 Years

Sprinkler System N/A

Cabinets Cardell Millenia Series -Oakbrook Gold - Wood Cabinets

Heat Pump SEER: Make:11 Rheem

Model: RPLA-024-JAC

Air Conditioner SEER: Make:11 Rheem

Model: RPLA-024-JAC

Other Heat Systems SEER: Make:

Model:




27/34

This is a detailed breakdown of rehabilitation or construction costs you summarized in the Development Costs table (Rehabilitation andConstruction of New Building(s)). The total should match those roll-up values.

Costs - Construction

ITEM LABOR MATERIAL TOTAL

Concrete Footings 9,543 14,315 23,858

Backfill-slab, Crawl 0 0 0

Slab-concrete/Rebar/Gravel 62,394 98,592 160,986

Waterproofing 0

Masonry Foundation 0

Brick Veneer 48,909 72,863 121,772

Steel/Structure/Rails 0

Framing/Lumber/Nails 192,606 243,909 436,515

Trusses 0

Crane Rental 8,000 0 8,000

Windows/Grilles/Screen 34,336 34,336Exterior Doors 36,432 36,432

Roofing 23,469 35,203 58,672

Fencing 2,500 2,500

Vinyl Siding/Trim/Box 146,680 146,680

Gutters/Shutters 16,650 16,650

Insulation 280,386 280,386

Drywall 144,585 144,585

Interior Doors 35,132 35,132

Int. & Final/Stair/Trim/Shelves 37,689 55,033 92,722

Cabinets & Tops 104,772 104,772

Painting 100,100 100,100

Marble - Tub/Shwr/Tops 0

Plumbing 150,832 150,832

Electrical 140,395 140,395

Heating/Air Conditioning 142,490 142,490

Floor Covering and Underlayment 52,000 52,000

Wall Paper 0

Mailboxes/Special Features/Signage 20,000 20,000

Gypcrete 0

Blinds/Shades/Art Work 9,382 9,382

Light Fixtures/Fans 0

Sprinkler System 0

Security Alarm 0

Hardwood Floors 0

Elevator 0

Ceramic Tiles 0

Acoustical Ceilings 0




28/34

Remarks:

Mirror/Shower Door/Encls. 0

Hardware/Bath Access. 14,568 14,568

Appliances 66,500 66,500

Playground Equipment 20,000 20,000

Interior Clean 9,260 9,260

Exterior Clean/Dumpster Rental 10,000 10,000

Other 1 (specify in Remarks) 10,475 10,475

Other 2 (specify in Remarks) 0

Total Cost 401,870 2,048,130 2,450,000

Masonry Foundation included in Brick VeneerTrusses included in FramingLabor Costs for the following are included in materials: Vinyl Siding, Guters, Insulation, Drywall,Cabinets, Painting, Plumbing, Electrical, HVAC, Floor Coverin, Mailboxes, Blinds, Hardware/Bath,Playground.Other 1-VCT




29/34

This is a detailed breakdown of the General Requirements cost element you summarized in the Development Costs table (GeneralRequirements). The total should match that roll-up value.

Remarks:

Costs - General

ITEM TOTAL

Supervision 85,300

Job Site Office/Trailer Rental 5,500

Office Supplies

Security/Watchman 500

Project Signage 1,000

Tools and Equipment 5,000

Gas, Oil, and Maintenance

Temporary Water, Electric, and Telephone 7,500

Storage/Hauling 2,500

Driveway Access Permit

Porta-John Rental/Dumping 1,200Builders Risk Insurance 11,500

Re-inspection Fees

Extra Plans and Specifications 500

Miscellaneous, Casual Labor 17,500

Equipment Rental 5,000

Other 1 (specify in Remarks) 33,700

Other 2 (specify in Remarks)

Total Cost 176,700

Various Fees and Permits for construction




30/34

This is a detailed breakdown of the Site Improvements cost element you summarized in the Development Costs table (On-siteImprovements). The total should match that roll-up value.

Remarks:

Costs - Improvements

ITEM TOTAL

Subsurface Exploration/Perk Testing/Site Engineering

Clearing/Grading/Final Grading/Excess and Borrow 25,400

Demolition

Earthwork/Excavation/Aerating 75,600

Soil Treatment

Pile Foundations

Caissons

Shoring/Bracing

Site Drainage

Site Utilities/Site Lighting 185,000

Paving and Surfacing/Curb and Gutter 105,000Walkways 17,500

Site Signage 10,000

Parking Lot Painting

Dumpster Pads/Fencing 12,500

Fencing/Gates 9,000

Landscaping/Topsoil 55,000

Rock and Hardpan Excavation

Site Supervision Personnel

Other (specify in Remarks)

Total Cost 495,000




31/34


32/34

This is a detailed breakdown of the Bond Issuance cost element you summarized in the Development Costs table (Cost of Issuance). Thetotal should match that roll-up value.

Remarks:

Costs - Bond Issuance

ITEM TOTAL

Bond Counsel 0

Issuer Counsel 0

Credit Enhancement/LOC Counsel 0

Underwriter Counsel 0

Developer's Counsel 0

Rating Agency Fee 0

Printing 0

Trustee Fee 0

Trustee Counsel 0

Issuer's Fee 0

Other 1 (specify in Remarks) 0Other 2 (specify in Remarks) 0

Other 3 (specify in Remarks) 0

Total Cost 0




33/34

MINIMUM REQUIRED SET ASIDES (No Points Awarded):

Minimum Set-Asides

Select one of the following two options:

20% of the qualified units are rent restricted and occupied by households with incomes at or below 50% of the median income (Note:No Tax Credit Eligble Units in the the project can exceed 50% of median income)

40% of the qualified units are rent restricted and occupied by households with incomes at or below 60% of the median income (Note:No Tax Credit Eligble Units in the the project can exceed 60% of median income)

If requesting RPP funds:

40% of the qualified unit are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:

Moderate Income County:

At least twenty-five percent (25%) of qualified units will be affordable to and occupied by households with incomes at or below fortypercent (40%) of county median income.

At least fifty percent (50%) of qualified units will be affordable to households with incomes at or below fifty percent (50%) of countymedian income.

At least fifty percent (50%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent(50%) of county median income.

Tax Exempt Bonds

Threshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent(50%) of county median income.

At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent(40%) of county median income.

Eligible for mortgage subsidy points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent(50%) of county median income.

At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent(40%) of county median income.




34/34

PLEASE indicate which of the following exhibits are attached to your application. Others may be required as noted.

Full Application Checklist

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners

C Ownership Entity Agreement, Development Agreement or any other agreements governing development services

D Management Agent Agreement

E Development and manager multi-family experience & Management Questionnaire (Appendix C)

F Letters from State Housing Agencies or designated monitoring agent verifying Out of State Management Experience

G Completed IRS Form 8821 (Appendix I)

H Letters from Local Utility Providers (original on letterhead, no fax or photocopies)

I Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Mapshowing 100 year and 500 year floodplain (original on letterhead, no fax or photocopies)

J Local Government Letter Confirming Zoning (original on letterhead, no fax or photocopies)

K Copy of certificate of occupancy or proof of placed-in-service date (Rehabs Only)

L Site plan, floor plans and elevations

M Hazard and structural inspection and termite reports (Renovation projects only)

N Anticipated budget demonstrating how the project would meet the 10% test by November 14th.

O Evidence of Architect's Errors and Omissions insurance (or equivalent).

P Description of acquisition for existing/occupied projects or for projects with occupied buildings to be demolished.

Q Description of proposed Relocation Plan & Relocation Budget, Etc. If any relocation is anticipated, reference Appendix F.

R Targeting Plan and supporting documentation (Required for all projects)

S Local Housing Authority Agreement (Reference Model in Appendix I)

T Appraisal (for land costs greater than $5,000 and for buildings in rehab projects)

U Evidence of Permanent Loan Commitment, other sources of funds, and project-based subsidies.

V Statement regarding terms of Deferred Developer Fee and, if nonprofit, resolution of Board approving fee.

W Inducement Resolution (Tax-Exempt Bond Financed Projects only)

X Documentation to support estimated utility costs.


as he brooke

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