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DCA Office of Affordable Housing Electronic Application Instructions

Georgia Department of Community AffairsOffice of Affordable Housing

2005 Electronic Application Workbook

Table of ContentsClick on the desired link below:

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I: INTRODUCTION and INSTRUCTIONS (READ FIRST!)

II: Application Tabs Checklist

III: 2005-100 Application Form and Applicant Self-Score Form

IV: Scattered Site Self Score Form

V: Organizational Chart

VI: Compliance Summaries (Form J-21)

VII. Compliance Self Scores (Form J-22)

VIII. Authorization for the Release of Information (Form J-20)

IX: Applicant Comments and Clarifications

MUST SEE: Related Links, Internet-based Computer Technical Support, and DCA Help


Introduction to the Electronic Application WorkbookDisclaimer:

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These comments add to but in no way replace the Application Instructions supplied with this form. The applicant must also refer to the Application Instructions before and while completing all forms. Applicants are STRONGLY encouraged to print out these instructions to reference along with the Application Instructions while completing each application.

If you are using a version of Microsoft Excel or Microsoft Office newer than 2000, please be aware that you must NOT update and save this file to the new format. This file was created in Excel 97-2000 and MUST REMAIN an Excel 97-2000 file. All applications submitted in a newer version of Excel may be required to immediately re-enter all data into a new copy of the Excel '97 file downloaded from the DCA web site and delays will be incurred in the processing of such applications.

To navigate between the different tabs in this workbook, point the mouse cursor at the desired tab at the bottom of the screen. Also, the small black arrows at bottom left will assist in moving between the tabs. Hyperlinks such as those in the Table of Contents above are also provided. This workbook has been designed so that certain pieces of information (project name and address) need to be entered only at the top of the Application Form.

Margins may shift in viewing and printing due to different printers and printer drivers. In these cases, applicants are requested not to adjust margins except just prior to printing. Margin adjustments must not be saved and should be returned to the preset positions before submitting to DCA.

Instructional comments are included in cells containing a red triangle in the upper right-hand corner. To read the comment place the cursor over the box without clicking. The comment box will appear momentarily.

ALL APPLICANTS must use this DCA-protected 2005-100 Core Application Form for purposes of transmitting the data requested herein to DCA for consideration. Any submitted copy not protected by DCA may be removed from consideration. Also, all paper copies submitted for consideration must be printed out directly from the completed DCA-protected final version and contain exactly the same data entries. Enter data only in green-shaded cells. The only exception occurs in some signature/certification areas, which have some unshaded cells left unlocked for applicant use. Answer all questions asked.

DO NOT leave formulas or references to cells that themselves contain formulas or references in ANY cells in place of actual numerical values. This includes, but is not limited to, references made to non-DCA-generated spreadsheets external to or added to this Excel workbook. While it is acceptable for applicants to temporarily use such tools during the data entry phase only, ALL such formulas/references must be meticulously removed before submission to DCA. The numbers/values derived from such tools must be entered instead. T H I S I S C R I T I C A L F O R A C C U R A T E E V A L U A T I O N B Y D C A. All applications submitted with references to external documents (or internal circular references) will be returned to the applicant for immediate correction and delays will be incurred in the processing of these applications. ALSO, do not enter zero(s) or blank space(s) into any green-shaded cell for any reason - leave any cells completely empty that you do not intend to contain pertinent project information.

Cell references input by the applicant and allowable to be left in for application submission include and are limited to: -- In the Development Budget, setting the unlocked green cells in the 4% Basis and 9% Basis columns equal to the corresponding unlocked green cell in the Total Cost column of the same line item.-- In the Debt Service lines of the proforma Operating Forecast, setting the unprotected green individual annual debt service cells for amortizing loans equal to the corresponding unprotected green cell in the 1st Year Debt Service column in the Permament Financing Section.

The Application Tabs Checklist is intended to guide applicants in organizing their application and accounting for all of the documentation requested by DCA. Check boxes are provided for applicant use. ALL APPLICANTS MUST COMPLETE THIS CHECKLIST AND PLACE A PRINTED COPY IN THE APPLICATION BINDER IN FRONT OF TAB 1.


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The Application Tabs Checklist is intended to guide applicants in organizing their application and accounting for all of the documentation requested by DCA. Check boxes are provided for applicant use. ALL APPLICANTS MUST COMPLETE THIS CHECKLIST AND PLACE A PRINTED COPY IN THE APPLICATION BINDER IN FRONT OF TAB 1.

The Application Form is graphics intensive for user-friendliness. When entering text data, please do not use all upper-case letters or all lower-case letters. All data entry cells provided for main office phone numbers, fax numbers, direct phone numbers, cellular numbers, and zip codes are formatted such that ONLY numbers should be entered - no hyphens, commas, periods or parentheses are needed. If a particular cell's text appears to be cut off, simply select the cell containing the text and the entire text will appear in the text view box located directly above the document body. If the text font is too small or appears shoved together, simply adjust the zoom function's percentage in the toolbar area near the upper right corner. All applicants must use this form. Place cursor over cells with a red triangle in the upper right-hand corner to read helpful hints.

Please refer to the Application Instructions while completing the OAH 2005-100 Core Application Form. The Applicant Self-Score form is located in the same tab, after the 30-year proforma.

The Organizational Chart tab contains a relational diagram with several boxes for applicants to complete in order to accurately depict the project team structure.

The Compliance Summaries tab contains 40 copies of the form for applicant use. Simply scroll down the screen using the scroll bar at the right margin to view and modify all forms.

The Compliance Self-Score form is intended to help the applicant determine the appropriate compliance score to use on the overall Applicant Self-Score form. There are a total of eight (8) copies provided for use by the Owner/General Partner, the Developer, and the Property Manager. The extra copies are for use by team members comprised of more than one entity. Simply scroll down the screen using the scroll bar at the right margin to view and modify all forms. In order for the automated form to work properly, applicants must enter the Entity Name for each form to be used by a team member if it is not already entered. Entity Name cells must be left empty on forms unused by a team member. Refer to the heading title on each copy for guidance. Each entity's score subtotal is provided. The total score generated on the Compliance Self-Score form is automatically transmitted to the overall Applicant Self-Score form. See the Application Instructions for further detail.

The Authorization for Release of Information (ARI) form - The applicant must print out multiple blank copies of the ARI form such that each Development team participant completes 5 originals apiece.

Unless otherwise instructed, the applicant should use the Comments & Clarifications tab for communicating miscellaneous project details to DCA that may be unclear, or for passing along comments and suggestions to DCA. To make additional room for comments in same row, place cursor over desired row number at left then move cursor down slowly until cursor changes shape into a black cross with arrowheads at top and bottom. Left-click and hold down mouse button while moving cursor down to resize row as needed. Keep in mind that cells are limited to 255 characters. If any comments are included, the list must be printed out and included in the Application Binder in Tab 1.

Return to Top

Related Links and Technical Support


R e l a t e d L i n k s(browser and internet access required for use)

C o m p u t e r T e c h n i c a l S u p p o r tFirst contact your computer manufacturer's web site, then try:

about the Application Form and Instructions, you may email DCA for:

a. Please first read all of the separate Application Instructions - it could save time.b. If help is still needed, please include the following information in an email request:

Electronic Core Application Tab Name and cell reference (column letter, row number), if applicable Detailed description of the nature of your question The virus-free COMPRESSED (i.e., use WinZip file compression software) copy of the electronic OAH 2005-100 Core Application Form workbook you are working in as an attachment.

MAKE SURE THAT YOUR COMPUTER'S ANTIVIRUS PROGRAM'S VIRUS .dat FILES ARE UPDATED.Download and install the latest weekly .dat files from your antivirus software vendor's web site FIRST.

c. Please contact Stephen Barrett at DCA via email at:

2. Answers to questions regarding Application Instructions relating to:

Compliance and Monitoring:

Low Income Housing Tax Credit Program:

HOME Program:

CHDO / Nonprofit Program:

Georgia Department of Community Affairs - Office of Affordable Housing

NARA Code of Federal Regulations

Internal Revenue Service - Forms and Publications

HOME Program - U.S. Dept of Housing and Urban Development

HUD Data Sets- includes: Fair Market Rents, Area Median Incomes, LIHTC National database, QCTs/DDAs

WinZip file compression

MecCheck software for energy performance

www.zdnet.com

For general, non policy-related questions

1. Answers to questions regarding Use of this Electronic Application (see instructions below):

Please do a virus scan prior to sending (right-click on the unopened file and select Scan for Viruses) AFTER you:

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

http://www.dca.state.ga.us/housing/rentalfin.html

http://www.access.gpo.gov/nara/cfr/cfr-table-search.html

http://www.irs.ustreas.gov/prod/forms_pubs/index.html

http://www.hud.gov/cpd/home/homeweb.html

http://www.huduser.org/datasets/pdrdatas.html

http://www.winzip.com/

http://www.eren.doe.gov/buildings/codes_standards/buildings/mec_download.html

http://www.zdnet.com/zdhelp/filters/quickstart/softwaresavvy/0,9918,6012440,00.html

mailto:[email protected]






Application Manual materials: [email protected]


Georgia Department of Community Affairs Office of Affordable Housing

April 2005 6 of 546

2005 Application Binder Tabs Checklist For Laurel Oaks Apartments

Required Application Binder Tabs Required Tab Contents and Specified OrderIncluded

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Tab in App Form for all Apps Apps Profit AppsNbr Binder Number Apps Only Only Apps Only

-- Completed Application Tabs Checklist x <this form> x1 Core Application Form Application Certification Form Letter x A A-1 x

LIHTC Form Cover Letter x A A-2 xCompleted Core Application Form x OAH 2005-100 xComments & Clarifications tab printout from electronic application x xCopy of Tax Exempt Bond Inducement Resolution, if applicable na xUrban Redevelopment Plan / Scattered Site Projects Under 10 B(1)(b) core na x

2 Core Application Attachments Project Narrative / Project Concept x xPer Unit Cost Limit Waiver Approval (if applicable) na xArchitectural Standards Waiver Approval (if applicable) na xAnnual Operating Cost Waiver Approval (if applicable) na xAnnual Operating Cost Waiver Request (if applicable) na O O-4 xPayment and Performance Bonds Waiver Form Request (if applicable) na O O-3 x

x x

Utility Allowance Support Documentation of Non-DCA Utility Allowances x xUSDA docs for projects located in an MSA that want to be treated as Rural na x

For projects proposing both new const. & rehab New Construction and Rehabilitation Eligible Basis Breakdown (if applicable) na xFor occupied projects proposing rehab Actual Operating Statements for last two years na xFor projects proposing commercial component Development Budget for commercial component na x

Sources of Funds for commercial component na xAnnual Income Statement for commercial component na xAnnual Expense Statement for commercial component na x15-year Operating Proforma for commercial component na xEvidence of Preliminary Financing for commercial component na xLeases and/or letters of intent from prospective lessees na x

3 Site Control Documentation Executed Warranty Deed or Sales Option Contract or long-term ground lease x 4 xLegal Description of Property x 4 x

4 Environmental Requirements x 5 E x

Phase II Environmental Study (if applicable) na 5 E xApplicant/Engineer Environmental Certification x 5 E E-1 xOwner's Environmental Questionnaire and Disclosure Statement x 5 E E-2 xProperty Log and Information Checklist x 5 E E-3 xFlood Plains / Floodways documentation (if applicable) x 5 E xWetlands documentation (if applicable) x 5 E xHOME Environmental Workbook na 5 E E-4 xO & M Plan (if applicable) na 5 F x

5 Site Zoningx

6 x

Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.

Detail of relationships when an identity of interest exists between any Project Participants / development team members.

Phase I Environmental Study (including Flood Plains and Wetlands Delineation maps)

Documentation from authorized Local Government Official that details Zoning, land use classification and conditions of zoning, explanation of requirements, and any conditions of zoning and classification.


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Tab in App Form for all Apps Apps Profit AppsNbr Binder Number Apps Only Only Apps Only

6 Operating Utility Availability original letters: Gas (if applicable) na 7 xElectricity x 7 xLetter of availability and capacity from local public water authority x 8 xLetter of availability and capacity from local public sewer authority x 8 xEvidence of easements necessary to extend utilities (if applicable) na 7,8 x

7 Market Feasibility Applicant market information or applicant-commissioned market study x 9 H

8 Appraisal Applicant Commissioned Appraisal (if applicable) na 10 I x

9 Site Access Appropriate drawings, survey and other documents reflecting roads x 12 xLocal Govt commitment for funding of paved roads, and timetable if applicable x 12 xProof of ownership or executed easement of a private drive, if applicable na 12 xPlans and costs for paving private drive, if applicable na 12 x

10 Physical Needs Assessment Physical Needs Assessment documentation for rehab projects, if applicable na 13 D x

11 Site Info and Development Plan Location and Vicinity Map (all parcels for a scattered site must be indicated) x D xConceptual Site Development Plan of the property x 14 2 D xSite Information Form x 14 2 D D-1 xSite Certification x 2 D D-2 xSite Maps & Photographs (photos must be color in all copies) x 2 D x

Quality Growth Initiatives Infill Documentation x 2C xCommunity Transportation Option x 2C xAdaptive Re-Use, Historic Preservation and Brownfield/Greyfield Redevelopmt Na 2C xSite Layout Documentation x 2C x

12 Preliminary Financing Commitments Preliminary Financing Commitments - Debt, Equity and Grants (if applicable) x 16 x

na 16 x

Evidence of Developer Fee Note na 16 x

Assumption of Existing Debt (if applicable) Certification Letter na 16 xOriginal Promissory Note and Amendments na 16 xOriginal Loan Agreement and Amendments na 16 xOriginal Security Instruments na 16 x

13 Legal Opinions Legal Opinion for Assisted Living (as applicable) na 17 xLIHTC Legal Opinion as to Project Qualification for Acquisition Credits na 17 A-3 x

14 Organization Documents Organizational Chart x 2005-100, Tab IV xGeneral Partner Organization Documents Including Operating Agreement x x


(All Projects New AND Rehab)

Operating Subsidy Agreements other than Rental Assistance Agreements for which points will be claimed


April 2005 8 of 546



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Tab in App Form for all Apps Apps Profit AppsNbr Binder Number Apps Only Only Apps

15 Experience x 18 x

na 18 x

Experience Waiver Approvals (if applicable) na 18 xRequest for Owner Experience Determination na 18 N P-1 xRequest for Developer Experience Determination na 18 N P-2 xRequest for Manager Determination na 18 N P-3 x

na 18 M x

16 Property Management Documentation Staffing Breakdown x K K-1 xManagement Agent Questionnaire x K K-2 xAffirmative Fair Housing Marketing Plan x B B-8, B-9 x

17 IRS Tax-Exempt Status Determination Letter na 19 7E x xSecretary of State Certification of Nonprofit Status na 19 7E x xGeneral Partnership Joint Venture Agreement na 19 7E x xLegal Opinion regarding nonprofit tax-exempt status na 19 7E A A-4 x xDocumentation of Nonprofit's ownership interest na 19 7E x xBoard of Directors information: name, address, phone, occupation, positions na 19 7E x xDevelopment Agreement if the nonprofit is a codeveloper na 19 7E x xByLaws for NonProfit Organization na 19 7E x xCopy of State CHDO Pre-qualification or Renewal letter na 20 xEvidence of CHDO Predevelopment Loan na 6C x

18 Additional HOME Requirements Site & Neighborhood Standards / Minority na 21 B B-1 xSite & Neighborhood Standards / Non-Minority na 21 B B-2 xSite & Neighborhood Standards / Racially Mixed na 21 B B-3 xCertification for Contracts, Loans and Cooperative Agreements na 21 B B-4 xDisclosure of Lobbying Activities na 21 B B-5 xApplicant / Recipient Disclosure / Update Report na 21 B B-6 xMBE / WBE Outreach Plan Guide form na 21 B B-7 xPre-Contract Agreement or Right to Withdraw na 21 B B-10, B-11 x

19 Relocation (if applicable) Detailed Tenant Relocation Plan na L xTenant Household Data Forms na L L-1 xRelocation Displacement Spreadsheet na L L-2 xTemporary Relocation Cost Estimate na L L-3 xGen Info Notice for Occupants at Time of App / Proof of Delivery na L L-4 xRelocation Certificate na L L-7 xCurrent Rent Roll na L x


Certificate of 2005 Experience Determination (for Owner, Developer, and Property Manager as applicable)

Pre-application Experience Determination Certificates (for Owner, Developer, and Property Manager as applicable)

Partnership or Consulting Agreement Between Inexperienced and Experienced Entities, if applicable (must include training plan)

Eligibility for credit under Nonprofit Set-Aside and CHDO Set-Aside:


April 2005 9 of 546



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Tab in App Form for all Apps Apps Profit AppsNbr Binder Number / Letter Apps Only Only Apps

20 Tenancy Characteristics Family Housing Amenities Certification - or - x 11 3A D D-3 xSpecial Needs Amenities Certification - or - na 11 3B D D-4 xElderly Housing Amenities Certification - or - na 11 3C D D-5 xHousing for Older Persons Amenities Certification na 11 3D D D-6 xService Certification of Basic and Optional - Family x 3 N-1 xMOU for Basic and Optional Services - Special Needs na 3 N-2 xService Certification of Basic and Optional - Elderly na 3 N-3 xService Certification of Basic and Optional - HFOP na 3 N-4 xDetailed Sources and Uses Budget for supportive services x 3 xDetailed Letter of Intent from service provider(s) / Not necessary for Spec'l Nds x 3 x

21 Additional Rent and Income ElectionsPHA Development and Rental Subsidy Docs demonstrating PHA investment in project physical plant na 4A x

Executed Owner/PHA Rental Subsidy Agreement (if applicable) na 4A xExecuted Owner/PHA Operating Cost Contribution Agreement (if applicable) na 4A x

PBRA Project-Based Rental Assistance: executed agreement with funding entity na 16 4C xHUD Letter regarding extension of PBRA contract na 4C xTenant Selection Plan if PBRA is not from HUD PHA or USDA na 4C xDCA PBRA For Special Needs Applicant Certification na 4E x

22 Extension of Cancellation Option Agreement to forgo the cancellation option x 4G xTenant Ownership Conversion Plan na 4G x

23 Preservation Priority Designation from HUD or USDA na 5 xDocumentation Evidencing Rent and Income Restrictions or a Rent Roll na 5 x

For LIHTC Projects Where the Credit Period Partnerships First and Last Year's Tax Returns na 5 x Has Ended IRS Form 8609 na 5 xFor LIHTC Projects Beyond the 14th Year of Documentation that no points were claimed for cancellation option na 5 x the Compliance Period IRS Form 8609 na 5 x

USDA Properties Seeking Additional Two Points Required documentation from USDA na 5 x

HUD Properties Seeking Additional Two Points Required documentation from HUD na 5 x

24 Local Government Support x 6A P-5 xLetter of Support from local governing official na 6A P-5 x

25 Government Financial Assistance Letter from local government's chief executive officer x 6B xNotification of Award from government entity (if applicable) x 6B xLetter documenting project is under final consideration (if applicable) x 6B xHUD 221(d)(3) or (d)(4) documentation (if applicable) na 6B x


Letter of Support & local governing body resolution - or -


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Tab in App Form for all Apps Apps Profit AppsNbr Binder Number / Letter Apps Only Only Apps

26 Project CharacteristicsNeighborhood Redevelopment 2005 Neighborhood Redevelopment Certification na 7A P-4 x

Neighborhood Revitalization Plan & evidence of adoption na 7A xDocumentation of Georgia Better HomeTown / Georgia MainStreet Community na 7A xDocumentation evidencing site is in QCT or DDA na 7A x

na 7A x

na 7A x

27 Project CharacteristicsEnergy Efficiency Requirements Energy Certification x 7B D-7 xProperty Design Design Certification x 7C D D-8 xAccessibility Standards Accessibility Certification x 15 7D D D-9 x

28 Readiness to Proceed Original Building Permits - or - 8 xOriginal local governing authority letter and copy of permits x 8 x

29 Compliance History Authorizations for the Release of Information (5 completed originals for each team mbr) x 9 J J-20 xCompliance Summaries with required audit documentation (for each team mbr) x 9 J J-21 xCompliance Self-Score (complete indicated section for each team member) x 9 J J-22 xCompliance Certification x J-19 xCopies of ALL notices of noncompliance (from DCA HOME, FDIC, or LIHTC) na x

na x

30 Estimation Data Sheet na J-18 xLetter From Utility Provider na x

31 RAN Certification x 22 x


Documents showing site is in an enterprise, renewal community or empowerment zone

Documentation evidencing commitment by government entity to fund off-site improvements

Detailed statements and dates of all governmental debarments/ suspensions, criminal convictions, indictments, and pending criminal investigations of all GPs.

Utility Provider's Allowance Estimation Documentation

Note: Additional Forms and Documentation required for the 2005 Application Submittal may be obtained on the DCA website at http://www.dca.state.ga.us/housing/QAPDocs_05.html

Georgia Department of Community Affairs Office of Affordable Housing 2005 Funding Core Application

OAH Form 2005-100 April 2005 Page 1 of 70

PROJECT CONCEPT - Laurel Oaks Apartments 2005-022Applicants: read the 2005-100 Core Application Form Instructions, found at www.dca.state.ga.us/housing/HousingDevelopment/programs/QAP2005docs.asp, while completing this form.

Applicants must complete pages 1-24 for either One Site projects or for Parcel 1 of Scattered Site projects.

I. DCA Use Only - Project Number: 2005-022Project Name Laurel Oaks Apartments City/Cnty: Metter Candler

Yes/No

One Site (all parcels and buildings on one contiguous site) YesScattered Site (No more than six (6) non-contiguous parcels within 1/2 mile radius of each other. See 2005

QAP Core Plan Section 10(B) 1(a)) NoScattered Site (For the development of single-family housing on not more than twenty (20) non-contiguous

parcels with 1-4 units per contiguous parcel. See 2005 QAP Core Plan Section 10(B) 1(b)) No

Proposed Activity Summary Project TotalsProposed Structure Type New Construction Rehabilitation Only Acquisition / Rehabilitation TotalsMultifamily (2 units minimum per building) 50 0 0 50 Single-Family Detached 0 0 0 0

Activity Totals: 50 0 0 50 Hist. Pres. Rehab No Adaptive Reuse No

Per-Unit Cost Limit Waiver Approved? Yes/No or n/a n/a If Yes, new Total Cost Limit:

Architectural Design Waiver Approved? Yes/No or n/a n/aOperating Cost Waiver Approved? n/a If Yes, new Cost Limit is: If No, is Request included? No

Projected Place-In-Service Date 12/31/2007

Number of Years Owner will forgo Cancellation Option past Year 15: 15 Yes/No No

40% of Units at 60%

II. PROJECT FINANCING OVERVIEWDCA Funding Request Amount Funding Set Aside RequestFederal LIH Tax Credits (State will match) $452,073 (annual amount) None Credit Percentage Type Applied For

Rural Set-Aside Election Rural 9%DCA HOME Program Loan $0 None

Non-DCA Funding Sources Yes/No or n/aUSDA USDA 538 Loan Program YesTax-Exempt Bond Applicant must choose applicable Bond Issuer here n/a

Tax-Exempt Bond Inducement Date Use all 4% basis? (Y/N) NoTaxable BondFHA Insured MortgageFederal Home Loan Bank (AHP)HOME Program Funds Financing Type

Other:Other:

III. PROJECT CONFIGURATION Rent Charts: Unit Rent Type Summary

Nbr of UNITS for Low-Income Tenants 50 50 Nbr of BLDGS for Low-Income Tenants 6 Nbr of Common Space Employee Units 0 0 Nbr of Residential Buildings 6 Nbr of Market-Rate Units 0 0 Total Buildings 7 Non-LIHTC LI Units w/PBRA 0 0 Rent Charts Unit Rent Type Summary

Nbr of Residential Units 50 50 Resid'l SF for LI Tenants 54,600 54,600 Total Units 50 50 Resid'l Sq Ft 54,600 54,600

3 56,800 1 Total Residential Parking Spaces (min 1.5/unit) 107

Number of Units Nbr of Bedrooms Nbr of Bathrooms Total Square Footage Parcel Nbr(s)

Employee Units (common space) 0 0 0.00 0 0.00Employee Units (market rate) 0 0 0.00 0 0.00Employee Units (LIHTC) 0 0 0.00 0 0.00

PROJECT INFORMATION -- Do NOT use all upper-case letters.

Project Site Description - project consists of (indicate only one option as "Yes"): Number of

Parcels:

Subsequent Allocation: for any project previously receiving a LIHTC allocation, provide its GHFA/DCA Project Nbr here. If not, leave cell empty.

Special Rehabilitation, if applicable

Extension of Cancellation Option Period (For 9% LIHTC requests)

-OR- Conversion to Homeownership

Tax Credit Projects Minimum Set-Aside Election (Rent and Income)DCA HOME Only Projects Minimum Set-Aside Requirement (Rent and Income) 20% of Units at 50% in each buildingDCA HOME and Tax Credit Projects Minimum Set-Aside Requirement (Rent and Income) 40% of Units at 50% in each buildingOther HOME and Tax Credit Projects Minimum Set-Aside Requirement (Income) 40% of Units at 50% in each building

Nbr of Handicapped-Accessible Units (5% min) Total Square Footage (including Common Space)

Nbr of Units for Sight- / Hearing-Impaired Tenants (2% min)



Total Number of Units by Unit Type Nbr of Bdrms: 0 1 2 3 4 5Nbr of Units: 0 5 25 20 0 0



PROJECT CONCEPT - Laurel Oaks Apartments 2005-022(continued)Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

III. PROJECT CONFIGURATION (cont'd)

Residential Building Style 1 Story Garden Style 2 Story Walk-Up 3 Story + Townhomes Single Family Detached

0 36 0 14 0

Mixed-Income / Mixed-Use Yes/NoMixed-Income No Not ApplicableMixed-Use No 0 0

IV. PUBLIC HOUSING REPLACEMENT Proposed project is part of a local public housing replacement program? No

Nbr of Public Housing Units reserved and rented to public housing tenants: 0 % of Total Residential Units 0.00%

Nbr of Units reserved and rented to PHA tenants w/ PBRA or households on waiting list: 0 % of Total Residential Units 0.00%

Local PHA Contact

Street Address Website

City State Zip Email

Area Code / Phone Fax Direct line Cellular

V. TARGET POPULATION Family Note: "SN" is an abbreviation for Special NeedsNumber of units held and reserved for occupancy by tenants with Special Needs: 0 % of Total Units: 0.00%

EXISTING OCCUPANCY Total Existing Units Nbr. Occupied % Existing Occupied

(Rehabilitation Projects Only)

PROJECT LOCATION CHARACTERISTICS - Laurel Oaks Apartments 2005-022Site Locational Characteristics

Site Street Address Matthew Street One Block West of State Route 121 (Lewis Street)City Metter Zip 30439-3311 County Candler

Unit Street Address Unit Street AddressUnit Street Address Unit Street AddressSite Is In: City limits? Yes Census Tract#: 9501 QCT/DDA? Yes DCA Utility Region: SouthSite Configuration # Units 50 # LI Units 50 # LI Bldgs 6 # Residential Bldgs 6 Total # Bldgs 7 Area of Site (acres, from Lgl Desc) 5.1340 Congressional State Senate State House

Legislative Districts (Give District Numbers) 3 4 156 If on district boundary, indicate other district:

Proposed Structure Type New Construction Rehabilitation Only Acquisition / Rehabilitation TotalsMultifamily (2 units minimum per building) 50 50 Single-Family Detached 0 Totals 50 0 0 50


36 14Total Number of Units by Unit Type Nbr Bdrms: 0 1 2 3 4 5

Nbr Units: 0 5 25 20 0 0Applicable Utility Availability Gas Electric Pub Wtr Pub Swr

Utility is currently available to the site? Yes Yes Yes YesUtility will be individually metered by unit? Yes Yes Yes YesUtility provider will individually bill each tenant? Yes Yes Yes Yes

Development X Off Site Improvements 50,000 Operations

Name of Political Jurisdiction City of Metter Website www.metterga.org

Name of CEO Billy Trapnell Title Mayor

Address 49 South Rountree Street City Metter

Zip Code 30439-4416 Phone (912) 685-2527 Fax (912) 685-3364

SITE CONTROL Type Purchase Contract w/Extensions Attached YesExpiration: If sales contract, enter final expiration date (include option extensions): 3/15/2006

(Indicated by Nbr of Units of each type)

Square Footage of Commercial Space

Total Devlpmnt Costs for Commercial Space

Type of Commercial Space if Mixed-Use*:Note: For mixed-use development, see Application Instructions for additional required documentation.

Proposed Activity Summary - Indicate number of units to be completed for each applicable structure type and activity using the boxes below.

(Enter Number of Units of each type)

Local Gov't Financial Assistance Letters: If the project will receive local gov't financial assistance, is the assistance (see instructions):

1) For Costs related to: (Indicate with X)

2) Included in budget for: (Indicate

with X)

3) Indicate budget section to which support is related (i.e., construction, local govt

fees,etc.):

4) Support's dollar value =

L81

Examples of commercial space include but are not limited to: clothing store, convenience store, daycare center, drugstore/pharmacy, dry cleaner, eatery/diner, hair salon/barber shop, job/technical training center, laundry, onsite health clinic, police substation, video rental, etc.

L82


J92

This cell formatted for a 9-digit zip code. Enter numeric characters only. Add 4 zeroes at end of 5-digit zip codes.

D93

This cell formatted for 10-digit phone numbers. Enter only numeric characters.

H93


K93


N93


K106


K128

Possible Development Budget sections include: Pre-Development Acquisition Site Improvements Unit/Building Construction Construction Financing Contractor Services Professional Services Local Government Fees Financing Fees Equity Costs Developer’s Fee Start-Up and Reserves

K129

Possible Operating Budget sections include: On-Site Staff Costs On-Site Office Costs Professional Services Maintenance Expenses Utilities Taxes and Insurance On-Site Security Management Fee Replacement Reserves

G133

This cell formatted for 9-digit zip codes. Enter only numeric characters. Add 4 zeroes at end of 5-digit zip codes.

J133


N133




NoDoes an Identity of Interest exist between the Applicant and the Seller? (If so, include appraisal in application binder)



PROJECT PARTICIPANT INFORMATION - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

A. Name of Ownership Entity Laurel Oaks Limited Partnership Website www.beneficialcom.com

Office Street - Address 1 3131 Clark Road Suite 203 Address 2

City Sarasota State FL Zip 34231-0000 Federal Tax ID # TBD

Contact Name Don Paxton Title Member E-mail [email protected]

10-Digit Office Phone / Ext. (941) 929-1270 Fax (941) 929-1270 Direct line (941) 929-1270 Cellular (941) 228-2185

B.1. GENERAL PARTNER(S)

Beneficial Laurel Oaks LLC Website www.beneficialcom.com



Don Paxton Title Member E-mail [email protected]


Was there an Ownership Experience Determination by DCA for this entity from last year? No

Not Applicable WebsiteOffice Street - Address 1 Address 2

City State Zip Federal Tax ID #Title E-mail

10-Digit Office Phone / Ext. Fax Direct line CellularWas there an Ownership Experience Determination by DCA for this entity from last year?

Not Applicable WebsiteOffice Street - Address 1 Address 2



2.Name of Federal Ltd Partner Paramount Financial Group Website www.paramountpfg.com

Office Street - Address 1 4009 Columbus Road SW Address 2

City Granville State OH Zip 43023-0000 Federal Tax ID # 23-3072381

Name of Principal Mike Moses Title Director of Acquisitions E-mail [email protected]

10-Digit Office Phone / Ext. (740) 587-4150 Fax (740) 587-4151 Direct line (740) 587-4150 CellularLimited Partners' Project Investment Pymt # Equity Contribution Stage Description Amount % of Total

Total Equity Investment Anticipated 3,571,147 1 Construction Commitment 2,592,892 72.6% 2 50% Completion 357,103 10.0%Annual LIHTC Allocation 452,073 3 Stabilization 621,152 17.4%LP price per: 4 0.0%

Federal tax credit dollar $0.7900 5 0.0%6 0.0%

Name of State Ltd Partner Paramount Financial Group Website www.paramountpfg.com

Office Street - Address 1 4009 Columbus Road SW Address 2

City Granville State OH Zip 43023-0000 Federal Tax ID # 23-3072381

Name of Principal Mike Moses Title Director of Acquisitions E-mail [email protected]


Other Limited Partners' Project Investment Pymt # Equity Contribution Stage Description Amount % of Total

Total Equity Investment Anticipated 813,856 1 Construction Commitment 590,845 72.6% 2 50% Completion 81,373 10.0%Annual LIHTC Allocation 452,073 3 Stabilization 141,638 17.4%LP price per: 4 0.0%

State tax credit dollar $0.1800 5 0.0%6 0.0%

3. NONPROFIT SPONSORWebsite

Office Street - Address 1 Address 2


I. OWNERSHIP INFORMATION -- Provide all information requested for each entity. Do not use all upper-case letters.

PROPOSED PARTNERSHIP INFORMATION -- Provide all information requested for each entity. Do not use all upper-case letters.

Managing Gen'l Partner Name*

Name of Principal *

Other General Partner 1 Name*

Name of Principal *

Other General Partner 2 Name*

Name of Principal *

LIMITED PARTNER(S) -- proposed:

Name of Nonprofit Sponsor*

Name of Principal *

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10-Digit Office Phone / Ext. Fax Direct line CellularWas there an Ownership Experience Determination by DCA for this entity from last year? Yes

* PLEASE INCLUDE IN THE APPLICATION BINDER A DCA COMPLIANCE SUMMARY FORM FOR THIS PARTICIPANT.

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PROJECT PARTICIPANT INFORMATION - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

II. DEVELOPER(S)Name of Developer* National Development Foundation, Inc

Office Street - Address 1 4250 Alafaya Trail Address 2

City Ovieda State FL Zip 32765-9424 Federal Tax ID # 65-0820596

Cynthia K Skrocki Title Vice President E-mail [email protected]


Was there a Development Experience Determination by DCA for this entity from last year? Yes

Name of Co-Developer 1* Beneficial Communities Development LLC Website beneficialcom.com



Don Paxton Title Member E-mail [email protected]


Name of Co-Developer 2* WebsiteOffice Street - Address 1 Address 2

City State Zip Federal Tax ID #

Title E-mail10-Digit Office Phone / Ext. Fax Direct line CellularDevelopment Consultant WebsiteOffice Street - Address 1 Address 2


10-Digit Office Phone / Ext. Fax Direct line Cellular

III.

Managing GP No No No 0.100% For Profit TaxableOther GP 1

Other GP 2

Limited Prtnr No No No 99.900% For Profit TaxableOther LP

Developer No No No 0.000% For Profit TaxableCo-Develpr 1 No No No 0.000% Nonprofit 501(c)(3)Co-Develpr 2

Ownr Consult

Dvlpr Consult

Is "fostering low-income housing" listed among the purposes of the non-profit in its Articles of Incorporation? Yes/No**For CHDO applicants only: CHDO must be state certified and must attach CHDO State Certification Letter

OTHER PROJECT TEAM INFORMATION - Laurel Oaks Apartments 2005-022

Not Applicable Website

Office Street - Address 1 Address 2



Name of Principal *

Name of Principal *

Name of Principal *

Name of Principal *

OTHER REQUIRED INFORMATION (Answer each of the 5 questions below for each participant listed below.)

Ownership Participant

1. Is this entity a MBE / WBE?

2. Indicate below whether any person, principal, or agent for the participant has ever been convicted of a felony (Yes or No). Please answer for ALL Project Participants listed. If

yes, please attach an explanation providing dates and details of each circumstance in

TAB .

3. Indicate below whether there is a direct or indirect financial interest

between any Project Participant and any

DCA official as defined in the HOME

manual. If Yes, include details of the

relationship on a separate page in the application binder in

TAB .

4. Project Ownership Percentage

5. Applicable Organizational

Type (For Profit, Nonprofit*, CHDO**)

6. Federal Income Tax Status

Taxable or Nontaxable

If Nontaxable Other, specify:

*To qualify for non-profit set aside, a non-profit must materially participate in the development and operation of the project throughout the compliance period. Within the meaning of IRC Section 469(h),"a (non-profit) shall be treated as materially participating in an activity only if the (non-profit) is involved on a basis that is regular, continuous, and substantial."

I. OTHER PROJECT TEAM MEMBERS (Team Members Must NOT Change)Ownership Consultant *

Name of Principal *

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* PLEASE INCLUDE IN THE APPLICATION BINDER A DCA COMPLIANCE SUMMARY FORM FOR THIS PARTICIPANT. Include for Ownership Consultant only if seeking compliance points from consultant's history.



OTHER PROJECT TEAM INFORMATION - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

General Contracting Firm Construction Enterprises, Inc Website Not Applicable

Office Street - Address 1 624 Grassmere Park Drive Suite 10 Address 2

City Nashville State TN Zip 37211-0000 Federal Tax ID # 62-102-8383

John Lander Title President E-mail [email protected]


Banyan Realty Management, Inc Louis Vogt Title President

Office Street - Address 1 501 N. Magnolia Avenue Suite 100 Address 2 Federal Tax ID # 20-2703269

City Orlando State FL Zip 32801-0000 Email [email protected]

10-Digit Office Phone / Ext. (407) 898-7808 124 Fax (407) 898-7710 Direct line (407) 898-7124 CellularWas there a Property Management Experience Determination by DCA for this entity from last year?

Surveyor To Be Determined Principal TitleOffice Street - Address 1 Address 2 Federal Tax ID #City State Zip Email10-Digit Office Phone / Ext. Fax Direct line Cellular

Tax Attorney Firm Broad and Cassell Principal David Leon TitleOffice Street - Address 1 390 North Orange Avenue Suite 1100 Address 2 Federal Tax ID # 59-3389763


10-Digit Office Phone / Ext. (407) 839-4200 Fax (407) 650-0928 Direct line (407) 839-4200 CellularClosing Attorney Firm Broad and Cassel Principal David Leon Title

Office Street - Address 1 390 North Orange Avenue Suite 1100 Address 2 Federal Tax ID # 59-3389763


10-Digit Office Phone / Ext. (407) 839-4200 Fax (407) 650-0928 Direct line (407) 839-4200 CellularProject Accounting Firm Reznick Fedder & Silverman Principal Thomas Fassett Title

Office Street - Address 1 309 E. Morehead Street Suite 100 Address 2 Federal Tax ID # 52-1088612

City Charlotte State NC Zip 28202-2307 Email [email protected]

10-Digit Office Phone / Ext. (704) 332-9100 252 Fax (704) 332-6444 Direct line (704) 332-9252 CellularEnvironmental Engineering Firm Terracon Principal Matthew Oto Title Project Manager

Office Street - Address 1 2855 Premiere Parkway Suite C Address 2 Federal Tax ID # 42-1249917

City Duluth State GA Zip 30043-0000 Email [email protected]

10-Digit Office Phone / Ext. (770) 623-0755 Fax (770) 623-9628 Direct line (770) 623-0755 CellularPhysical Needs Assessment Firm N/A Principal Title

Office Street - Address 1 Address 2 Federal Tax ID #City State Zip Email10-Digit Office Phone / Ext. Fax Direct line Cellular

Project Architectural Firm Forum Architecture Principal James Black TitleOffice Street - Address 1 745 Orienta Ave Suite 1121 Address 2 Federal Tax ID # 59-3335698

City Altamonte Springs State FL Zip 32701-0000 Email [email protected]

10-Digit Office Phone / Ext. (407) 830-1400 Fax (407) 830-4143 Direct line (407) 830-1400 Cellular

Development Team MembersDevelopers Owners Yes/No First Name Last Name

General Contracting Firm No No No No NoProperty Management Firm No No No No NoSurveyor No No No No NoTax Attorney Firm No No No No NoClosing Attorney Firm No No No No NoProject Accounting Firm No No No No NoEnvironmental Engineering Firm No No No No NoPhysical Needs Assessment Firm No No No No No

I. OTHER PROJECT TEAM MEMBERS -- Continued -- (Team Members Must NOT Change)

Name of Principal *

Property Management Firm * Principal*

II. OTHER REQUIRED INFORMATION FOR OTHER PROJECT TEAM MEMBERS

1. Is this entity a MBE / WBE?

2. Indicate below whether there is a direct or indirect financial

interest between any Development Team member

and any Project Participant as defined in the HOME manual. If Yes, check below whether it is with Owners, or Developers.

Attach details of the relationship on a separate page - see Tabs

Checklist.

3. Indicate below (Yes/No) whether any development team

participant has ever been debarred/suspended by any Department or Agency of the Federal Government or any

state's government. If "yes", then attach details of the

relationship separately where dictated by the Application Tabs

Checklist.

4. Indicate below whether any person, principal, or agent for the development team participant has ever been convicted of a felony. If yes, then also indicate

that person's first and last name and attach an explanation providing dates and details of each

circumstance for that person as well as the first and last names of any other persons and dates and details

of each circumstance for these other persons convicted of a felony on a separate page where

dictated by the Application Tabs Checklist. If no, then state "no."

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Project Architectural Firm No No No No No* PLEASE INCLUDE IN THE APPLICATION BINDER A DCA COMPLIANCE SUMMARY FORM FOR THIS PARTICIPANT.



FEASIBILITY AND VIABILITY - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

I. DEVELOPMENT BUDGETTOTAL COST

PRE-DEVELOPMENT COSTS PRE-DEVELOPMENT COSTSProperty Appraisal 8,500 8,500 Market Study 5,500 5,500 Environmental Report(s) 3,800 3,800 Soil Borings 7,900 7,900 DCA Loan Application Fee 0 Tax Credit Application Fee 6,000 6,000 Boundary and Topographical Survey 10,500 10,500 Zoning/Site Plan Fees 0 DCA Front End Analysis Fee (when ID of Interest exists) 0 Other: Legal and Misc Soft Cost Contingency of 36946 36,946 36,946

Subtotal 79,146 0 79,146 ACQUISITION ACQUISITIONLand 225,000 Acquisition Legal Fees (if existing structures involved)Existing Structures

Subtotal 225,000 0 SITE IMPROVEMENTS SITE IMPROVEMENTSDemolitionSite Preparation (On-site) 576,000 576,000 Site Preparation (Off-site)

Subtotal 576,000 0 576,000 UNIT/BUILDING CONSTRUCTION UNIT/BUILDING CONSTRUCTIONUnit/Building Construction/New Construction 2,016,124 2,006,124 Unit/Building Construction/RehabSpecial ConstructionConveying SystemsMechanical/Plumbing, Fire ProtectionElectrical

2.00000% 59,086 OK 59,086 *New Construction: 2% - 5%; Rehabilitation: 5% - 7% Subtotal 2,075,210 0 2,065,210 CONTRACTOR SERVICES Max %** Actual Percentage: CONTRACTOR SERVICESBuilder's Overhead: 2.00000% 1.98883% 51,553 OK 51,553 Builder Profit: 6.00000% 5.99165% 155,311 OK 155,311

6.00000% 5.99165% 155,311 OK 155,311

credit or construction loan in lieu of Payment and Subtotal 362,175 0 362,175 Performance bonds; part of Gen'l Reqmnts 6% max)

2,954,299 Per Square Foot Per Unit* (Site Improvements - Off-site Site Preparation + Unit/Bldg Construction - Contingency + Contractor Services) 52 59,086 Total Construction Costs = 3,013,385 *Minimum $20,000, unless otherwise approved by DCA.

CONSTRUCTION FINANCING CONSTRUCTION FINANCINGConstruction Loan Fee 0 Construction Loan Interest 21,180 20,884 Construction Legal Fees 73,600 73,600 Construction Insurance 8,000 8,000

Subtotal 102,780 0 102,484 PROFESSIONAL SERVICES PROFESSIONAL SERVICESArchitectural Fee - Design 129,600 129,600 Architectural Fee - Supervision 24,000 24,000 Engineering 160,150 160,150 Real Estate Attorney Total Legal Costs: 133,953 17,000 5,000

4% Acquisition Basis

New Constr / Rehab** Basis

Construction Contingency*: Actual % =

General Requirements (D1)

Payment & Performance Bonds (or cost of the letter of

NOTE: If the site involves both new construction and rehabilitation, please include in Tab 1 a separate sheet providing a breakdown of new construction eligible basis and rehabilitation eligible basis.

Total On-Site Construction Hard Costs



Accounting 58,500 58,500 Subtotal 389,250 0 377,250



FEASIBILITY AND VIABILITY (cont'd) - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.

I. DEVELOPMENT BUDGET (cont.)TOTAL COST

LOCAL GOVERNMENT FEES LOCAL GOVERNMENT FEESBuilding Permits 70,000 70,000 Impact FeesWater Tap Fees 22,400 22,400 Sewer Tap Fees 2,000 2,000 Real Estate Taxes 25,000 25,000

Subtotal 119,400 0 119,400 FINANCING FEES FINANCING FEESPermanent Loan Fees 25,000 Permanent Loan Legal Fees 12,000 Title and Recording Fees 31,353 26,645 As-Built Survey 5,000 5,000 Bond Issuance PremiumCost of Issuance / Underwriter's DiscountOther:

Subtotal 73,353 0 31,645 EQUITY COSTS EQUITY COSTSTax Credit Allocation Fee 7%= 31,645 31,645

30,000 Partnership Organization FeesBridge Loan Fee and Bridge Loan InterestTax Credit Legal OpinionOther:

Subtotal 61,645 0 0 $30,000 $7,500 except those projects with bonds issued by ADA / URFA, which pay the $150/unit fee.

DEVELOPER'S FEE DEVELOPER'S FEEDeveloper's Overhead 30,000 30,000 Consultant's FeeDeveloper's Fee 557,994 557,994

Subtotal 587,994 0 587,994

Maximum Developer Fee Calculations: Budgeted DF not less than 15% Budgeted DF less than 15% New Construction ID of Interest No ID of Interest ID of Interest No ID of Interest

X All New Construction only 565,447.20 588,743.85 n/a 587,994.00 All Rehab only 565,447.20 588,743.85 n/a 587,994.00 New Construction and Rehab 565,447.20 588,743.85 n/a 587,994.00 New Construction, Acq and Rehab 565,447.20 588,743.85 n/a 587,994.00 Acquisition and Rehab 565,447.20 588,743.85 n/a 587,994.00

START-UP AND RESERVES START-UP AND RESERVES0

Marketing 15,000 DCA Per Unit DCA HOME

Operating Deficit Reserve: ODR Minimum: senior lender's 20,000 Cost Limit Subsidy Limit

Replacement Reserve 0 4,745,000 4,343,140

0 Furniture, Fixtures and Equipment 51,000 51,000 Other:Other:

Subtotal 86,000 0 51,000

TOTAL DEVELOPMENT BUDGET 4,737,953 0 4,352,304

Baseline Project Cost Limit: Per Unit - Average 94,759 0 87,046 4,745,000 Per Square Foot 83 0 76.625070422535



Tax Credit Compliance Monitoring Fee*

* Fee: $600 / unit **Note: Projects financed with Tax-exempt bonds must pay the $600/unit fee, * USDA Sec 515 or URFA Fee: $150 / unit

Working Capital (to be held longer than life of loan)

Short-term/Rent -Up Reserves (held for less than loan life)



**NOTE: If the project involves both new construction and rehabilitation, please include in Tab 1 a separate sheet providing a breakdown of new construction eligible basis and rehabilitation eligible basis.




II. COMPUTATION OF BASIS EXPENDITURE

Subtractions From BasisAmount of federal grant(s) used to finance qualifying development costsAmount of nonqualified nonrecourse financingCosts of Nonqualifying units of higher qualityNonqualifying excess portion of higher quality unitsHistoric Tax Credit (Residential Portion Only)Other Federal Subsidy

Total Subtractions From Basis: 0

Eligible Basis CalculationTotal Basis 0 4,352,304

Less Total Subtractions From Basis (see above)Total Eligible Basis 0 4,352,304

Does this project's financing involve a federally-funded

loan with an interest rate below the Applicable Federal Rate? 0 No

Eligible Basis Adjustment for DDA/QCT Location* (Yes or No) nc/r basis Yes

Eligible Basis Adjustment for DDA/QCT Location 100.00% 130.00%

Site A QCT / DDA #: 9501

Adjusted Eligible Basis 0 5,657,995

Multiply Adjusted Eligible Basis by Applicable Fraction LI Units % 100.000% LI Sq Ft % 100.000% 100.00% 100.00%Total Qualified Basis 0 5,657,995

7.99%

Maximum Tax Credit Amount 0 452,074

452,074 Per Unit Per Sq Ft

Total Qualified Basis 113,159.90 99.61 Combined Basis Maximum Credit 9,041.48 7.96

III. LOW INCOME HOUSING TAX CREDIT CALCULATIONEquity Gap CalculationTotal Development Cost Baseline Project Cost Limit: 4,745,000 4,737,953

(352,734)Equity Gap 4,385,219 Divide Equity Gap by 10 / 10Annual Equity Required 438,522 Federal + State

0.9700 = 0.7900 0.1800

Annual Tax Credit Required 452,084

452,073.82

452,073



Multiply Qualified Basis by Applicable Credit Percentage (see the Application Instructions)

Combined Basis Maximum Tax Credit Amount (Note 1)

Subtract Non Tax Credit Sources of Funds

Enter Federal and State Equity Factors (not including GP contribution)

Maximum Credit Needed:

Actual Annual Credit Requested:



FEASIBILITY AND VIABILITY (cont'd) - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.IV. UTILITY ALLOWANCE INFORMATION DCA Utility Region: South

Source of Utility Allowances Used: Electric Non-ElectricDCA, PHA, USDA or Utility Provider: PHA PHASpecify Source if not DCA Central Office*: City of Metter PHA City of Metter PHADate Published by Source June 1, 2004 June 1, 2004

NOTE: If PHA, current Utility Allowances from the local administrator of the Section 8 Program must be used.If FmHA funds help finance this site, the applicant must use FmHA Utility Allowances for this site.If use primarily allowances from PHA or USDA, but have to use some DCA allowances, indicate PHA or USDA as Source.

Will Parcel 1 consist of "identically equipped" units? Yes/No Yes

"Fuel" (natural gas, electric, etc.) in all unit types (e.g., all units have gas heat, electric cooking, and gas water heating).If "No", provide detail of differing Utility Allowance breakdowns in the extra Utility Allowance chart(s) provided.

Utility Allowance Configuration 1 Chart (UAC Nbr 1)"MF" if Multifamily, "SF" if Single Family, or "MH" if Manufactured Housing MF

Answer question above first, then all 3 questions below. No change in utilities, providers, or payors will be allowed later.

Use - Fuel 3. Utility Allowance Amounts Per Unit Type

T E N A N T - P A I D U T I L I T I E S O N L Y !0 1 2 3 4 5

1

Heat - Natural GasHeat - Electric Tenant No 11 15 20 24 31 35Heat - PropaneHeat - 78%+ AFUE GasHeat - Electric Heat Pump Tenant 1 1 1 2 2 3Heat - Electric AquathermHeat - Gas Aquatherm

2Cooking - Natural GasCooking - Electric Tenant No 4 6 8 10 12 14Cooking - Propane

3Hot Water - Natural GasHot Water - Electric Tenant No 13 19 24 30 38 43Hot Water - Propane

4 Air Cond. - Electric Tenant No 19 26 34 41 53 605 Lights/Refr. - Electric Owner6 Sewer Tenant No 7 10 13 15 19 22

Water Tenant No 7 10 13 15 19 227 Refuse Collection Owner

Combined Electric Utility Allowance from ProviderTotal UA Per Unit Size: 62 87 113 137 174 199

Utility Allowance Configuration 2 Chart (UAC Nbr 2) -- if needed"MF" if Multifamily, "SF" if Single Family, or "MH" if Manufactured Housing

Answer question above first, then all 3 questions below. No change in utilities, providers, or payors will be allowed later.



1

Heat - Natural GasHeat - ElectricHeat - PropaneHeat - 78%+ AFUE GasHeat - Electric Heat PumpHeat - Electric AquathermHeat - Gas Aquatherm

2Cooking - Natural GasCooking - ElectricCooking - Propane

3Hot Water - Natural GasHot Water - ElectricHot Water - Propane

4 Air Cond. - Electric5 Lights/Refr. - Electric6 Sewer

Water

*Attach source documentation to Tab 1.

"Identically equipped" units are equipped with each appliance "Use" category (heating, cooking, etc.) using the same

Structure Type of units for which this chart will be used:

1. Utility Is Paid By:

2. Owner pays after PBRA?

Each of 7 categories below must have an amount in (3) if tenant-paid.







7 Refuse CollectionCombined Electric Utility Allowance from Provider

Total UA Per Unit Size: 0 0 0 0 0 0




V. UNIT DISTRIBUTION AND YEAR 1 RENT SCHEDULECandler Co.

Include employee/management units considered common space ONLY in the Common Space rent chart provided.For PBRA Units, use the appropriately titled Unit Distribution Tables that follow.For PBRA Units, use the Other Income Sources section to indicate operating subsidies.Enter unit configurations from left to right into applicable charts below first by Site, then by Unit Rent Type, then by Nbr of Bedrooms.

Configuration Number 1 2 3 4 5 6 7 8 9 10 11 12

Structure Type MF MF MF MF MF MF MF MF MF MF MF MF

Unit Rent & Income Type 60 50 30 60 50 30 60 50 30 60 50 30 PHA units (Y/N) No No No No No No No No No No No NoEmployee Unit* No No No No No No No No No No No NoNumber of Bedrooms 1 1 1 2 2 2 2 2 2 3 3 3

Number of Units 44 2 2 1 9 4 4 5 2 1 9 3 2

Unit Square Footage 46,662 784 784 784 1,000 1,000 1,000 1,137 1,137 1,137 1,189 1,189 1,189

Number of Bathrooms 1.00 1.00 1.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00

Program Maximum Unit Rent 521 434 260 625 521 312 625 521 312 723 603 361

Proposed Unit Rent 447 372 260 514 453 312 564 489 312 584 500 361

UAC Chart Number 1 1 1 1 1 1 1 1 1 1 1 1

Utility Allowance 87 87 87 113 113 113 113 113 113 137 137 137

Unit Rent to Collect 360 285 173 401 340 199 451 376 199 447 363 224

For PHA units only - indicate what proposed unit rents would be if PHA subsidy were not present in Year 1 for units in chart above:

Proposed Unit Rent



Structure Type MF MF MF MF

Unit Rent & Income Type 60 50 60 50 PHA units (Y/N) No No No NoEmployee Unit* No No No NoNumber of Bedrooms 3 3 3 3

Number of Units 6 2 1 2 1

Unit Square Footage 7,938 1,337 1,337 1,309 1,309

Number of Bathrooms 2.00 2.00 2.00 2.00

Program Maximum Unit Rent 723 603 723 603

Proposed Unit Rent 649 570 649 585

UAC Chart Number 1 1 1 1



For PHA units only - indicate what proposed unit rents would be after PHA subsidy ends for units in chart above:

Proposed Unit Rent


(Non-)Metropolitan Statistical Area in which project is located (as appears in Maximum Rent Table):

Low Income Units with No PBRA (PBRA = Project Based Rental Assistance)

Low Income Units with No PBRA (continued)




V. UNIT DISTRIBUTION AND YEAR 1 RENT SCHEDULE (continued)

Low Income Units with PBRAConfiguration Number 25 26 27 28 29 30 31 32 33 34 35 36

PBRA Type

Structure Type

Unit Rent & Income Type

PHA units (Y/N)

Employee Unit*

Number of Bedrooms

Number of Units 0

Unit Square Footage 0

Number of Bathrooms

Program Maximum Unit Rent

Proposed Unit Rent

UAC Chart Number



For PBRA units only - indicate what proposed unit rents would be after PBRA ends for units in chart above:

Proposed Unit Rent**



PBRA Type

Structure Type

Unit Rent & Income Type

PHA units (Y/N)

Employee Unit*

Number of Bedrooms

Number of Units 0


Number of Bathrooms


Proposed Unit Rent

UAC Chart Number



For PBRA units only - indicate what proposed unit rents would be after PBRA ends for units in chart above:

Proposed Unit Rent**


Low Income Units with PBRA (continued)





Common Space Units

Configuration Number 49 50 51 52 53 54 55 56 57 58 59

PBRA Type

Structure Type

Unit Rent & Income Type >60 >60 >60 >60 >60 >60 >60

PHA units (Y/N)

Employee Unit* Yes Yes Yes Yes

Number of Bedrooms

Number of Units 0 0

Unit Square Footage 0 0

Number of Bathrooms


Proposed Unit Rent

UAC Chart Number

Utility Allowance 0 0 0 0 0 0 0

Unit Rent to Collect 0 0 0 0 0 0 0

Proposed Unit Rent

Unit Rent to Collect 0 0 0 0 0 0 0

Market Rate Units (Unrestricted)Configuration Number 60 61 62 63 64 65 66 67 68 69 70 71

Structure Type

Unit Rent & Income Type MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT

Employee Unit*

Number of Bedrooms

Number of Units 0


Number of Bathrooms

Unit Rent to Collect


Structure Type

Unit Rent & Income Type MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT MKT

Employee Unit*

Number of Bedrooms

Number of Units 0


Number of Bathrooms

Unit Rent to Collect

Low Income units with no PBRA: 227,076 MKT PBRA No PBRA 0

Project PGI Breakdown: 18,923 0 0 0 Market-Rate units: 0 Percentage of Total Site PGI: 100.0% 0.0% 0.0% PBRA units: 0

Non-LIHTC Low Income Units w/ PBRA - will be considered for PBRA pts, but not Mixed Income pts

Proposed unit rents after PBRA ends for units in chart above:

Market Rate Units (Unrestricted) - continued

Total Annual Potential Gross Rental Income (Year 1) from:LIHTC w/no

PBRA LI units w/no PBRA w/PHA subsidy after PHA subsidy ends:



Monthly Total: 18,923 0 Annual Total: 227,076 ALL units: 227,076

*If not counted as Common Space, the unit must house a qualified low-income resident employee.

PBRA units after PBRA ends:




Project Summary by Unit Rent TypeLow Income Units Totals

Unit Rent Type 60 Tot Nbr: 29 % of Tot: 58.0%

Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRs

2 14 13 29 1,568 14,685 15,993 32,246

0 0

Percentage of Units by Unit Type 0.0% 6.9% 48.3% 44.8% 0.0% 0.0%

SF Percentage "% of AMI" Units by Unit Type 0.0% 4.9% 45.5% 49.6% 0.0% 0.0%



2 6 5 13 1,568 6,274 6,213 14,055

0

0 Percentage of Units by Unit Type 0.0% 15.4% 46.2% 38.5% 0.0% 0.0%




1 5 2 8 784 5,137 2,378 8,299

0 0

Percentage of Units by Unit Type 0.0% 12.5% 62.5% 25.0% 0.0% 0.0%


Parcel Total SF of Low Income Units 54,600 Non-LIHTC Low Income Units with PBRAUnit Rent Type >60 Tot Nbr: 0 % of Tot: 0.0%


Total Number of Units by Unit Type 0 Total Square Feet of Units by Unit Type 0 Percentage of Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

SF Percentage "% of AMI" Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Market Rate UnitsUnit Rent Type Mkt Tot Nbr: 0 % of Tot: 0.0%




Summary by Unit Rent Type 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR

Other: Common Space Employee or Nonresidential Units 0

Total Number of Units by Unit Type 0 5 25 20 0 0 50

Percentage of Total Units by Unit Type 0% 10% 50% 40% 0% 0%

Low Income Rent unit distribution for projectAre there low income units in each residential building in the project? YesTotal PBRA Units from: Total Units from:

Total Number of Non-PBRA Units by Unit TypeTotal Square Feet of Non-PBRA Units by Unit TypeTotal Number of PBRA Units by Unit TypeTotal Square Feet of PBRA Units by Unit Type

Total Number of Non-PBRA Units by Unit TypeTotal Square Feet of Non-PBRA Units by Unit Type

Total Number of PBRA Units by Unit TypeTotal Square Feet of PBRA Units by Unit Type

Total Number of Non-PBRA Units by Unit Type

Total Square Feet of Non-PBRA Units by Unit TypeTotal Number of PBRA Units by Unit TypeTotal Square Feet of PBRA Units by Unit Type



Unit Rent Type Summary: 0 Proposed Activity Summary: 50 Rent Charts: 50




Summary of Rent Chart Breakout by Number of Bedrooms

0 1 2 3 4 5 Totals

Number of PHA Units 0 0 0 0 0 0 0

Number of PBRA Units 0 0 0 0 0 0 0

Number of 60% Units 0 2 14 13 0 0 29

Number of 50% Units 0 2 6 5 0 0 13

Number of 30% Units 0 1 5 2 0 0 8

Number of Non-LIHTC Low Income Units w/PBRA 0 0 0 0 0 0 0

Number of Market Rate Units 0 0 0 0 0 0 0

Number of Common Space Units 0 0 0 0 0 0 0Totals 0 5 25 20 0 0 50

VI. OTHER INCOME SOURCESDescription of Source

PBRA

PHA Subsidy

Operation NumberYr* (1-30) of YearsIn Which to be

Description of Source Begins Applied

PBRA

Laundry / Vending Laundry/Vending 300 1 20Nonrefundable Deposits/Fees Application Fees/Cleaning Fees Etc 3,300 1 20Other Cable Income 941 1 20Other

* * * Total Occupancy-Based Other Income must be 2% of Total P $4,541.52 Total: 4,541

Contribution Per Operating YearSource 1 2 3 4 5 6 7 8 9 10

Operating Subsidy

Tax Abatement

PBRA

Other

Annual Totals: 0 0 0 0 0 0 0 0 0 0

11 12 13 14 15 16 17 18 19 20Operating Subsidy 0

Tax Abatement 0

PBRA 0

Other 0

Annual Totals: 0 0 0 0 0 0 0 0 0 0

21 22 23 24 25 26 27 28 29 30Operating Subsidy 0

Tax Abatement 0

PBRA 0

Other 0

Annual Totals: 0 0 0 0 0 0 0 0 0 0

Special Needs / Conditional

Commitment Attached

Operation Year* In Which Begins (1-30)

Number of Years to be Applied

Total Annual Other Income Sources NOT Included In Chart Above (Describe):

Occupancy-Based ** Other IncomeInitial Annual

Amount

NOT Occupancy-Based** Other Income



Total Annual Potential Gross Rental and Other Income (Yr 1): $231,617 *Please do not use calendar year (2005, 2005, etc.), but rather use Operation Year (1, 2, 3, etc.).

** Occupancy-Based = regular payments to be trended in proforma; NOT Occupancy-Based = irregular payments or not to be trended.




VII. ANNUAL OPERATING EXPENSE BUDGET

This site is in a(n) Rural Area for purposes of determining minimum operating expense levels.

On-Site Staff Costs Number of Positions Utilities Manager Salaries/Benefits 1.00 30,850 Unit Water 4,610 Asst. Manager Salaries/Benefits 1.00 18,640 Unit Sewer 4,500 Maintenance Salaries/Benefits 1.00 22,000 Unit Electricity

Activities Salaries/Benefits (FT) Unit Natural Gas

Activities Salaries/Benefits (PT) Common Area Electricity 2,900 Other Employees Salaries/Benefits Common Area Natural Gas

Subtotal 71,490 Common Area Water and Sewer

On-Site Office Costs Trash Collection 2,834 Office Supplies & Postage 2,110 Other(explain)

Telephone 2,900 Subtotal 14,844 Travel 550 Taxes and Insurance Leased Furniture / Equipment Real Estate Taxes 25,922 Activities Supplies / Overhead Cost 1,450 Insurance 15,000 Other(detail) Other(explain)

Other(detail) Subtotal 40,922 Other(detail) On-Site Security

Subtotal 7,010 Contracted Guard

Professional Services Electronic Alarm System

Legal 2,785 Subtotal 0 Accounting 3,000 10,841 Advertising 1,000 Check this Management fee against the proforma! Other(detail) TOTAL OPERATING EXPENSES 167,845

Subtotal 6,785 Maintenance Expenses Minimum OE for Urban ($3000/unit): Proposed Per Unit:

Contracted Repairs 4,610 Minimum OE for Rural ($2600/unit): 130,000

General Repairs Min OE for USDA Rural ($2400/unit): 3,356.90 Grounds Maintenance 6,958 Extermination 851 Replacement Reserve Annual Contribution 12,500 Maintenance Supplies 1,100 Elevator Maintenance Minimum RR all-rehab ($300/unit): 15,000 Project minimum:

Redecorating 2,434 Minimum RR all-new ($200/unit): 10,000

Other(detail) Min. RR all-Single Family ($400/unit): 20,000 10,000.00 Other(detail)

Subtotal 15,953 TOTAL ANNUAL EXPENSES 180,345

*Management Fee Trending Method / Calculation Choice:

Yes Set percent of Effective Gross Income - indicate %: 5.000%

Trend as regular operating expense

Management Fee:




VIII. CONSTRUCTION FINANCING Arrange debt sources in order of lien position.Financing Interest TermType Name of Financing Entity Amount Rate (In Months)Private 1st Loan Lewiston State Bank (Bonneville Multifamily) 352,734 5.50% 24DCA Loan DCA HOME Loan 0.00%Private 2nd Loan

DDF/Developer Note Beneficial Communities Development LLCSect 42 Credits Paramount Financial Group (Mike Moses) 3,621,227 Historic CreditsOwner's CashGrant

Acquisition Grant

Total Construction Financing: 3,973,961 Total Construction Period Costs from Development Budget: 3,973,961

0

IX. PERMANENT FINANCINGArrange debt sources in order of lien position. Debt Desired ProposedEntries required in all columns. Svc 1st Yr

LIE

N Type* (C)ash Interest Term Amort. DebtFinancing Type Name of Financing Entity (L or C) Flow** Amount Rate (Years) (Years) Service

1 Private 1st Loan Lewiston State Bank (Bonnevlle) C 1.1500 352,734 5.500% 40 40 25,496 2 DCA HOME Loan DCA HOME Loan Program

3456 DDF/Dev Note Don Paxton C 1.1500 216 0.000% 10 10 216

Federal Grant Total 1st Year 25,712 Non-Federal Grant

Sect 42 Credit Proceeds Paramount Financial Group 3,571,147

State Credit Proceeds Paramount Financial Group 813,856

Historic Credit Proceeds Per Unit Cost Limit: 4,745,000Owner's Cash HOME Subsidy Limit: 4,343,140Total Permanent Financing: 4,737,953 Total Development Costs from Development Budget: 4,737,953

0

Total Noncredit Sources (Used in Gap Calculation of Credit): 352,734

Year: 1 -7 8 9 10 11 12 13 14 15 16 17 18

Rate: 0.000%

Year: 19 20 21 22 23 24 25 26 27 28 29 30

Rate:

Financing Type Financing AdministratorPrivate 1st Loan Lewiston State Bank (Bonnevl 1 1 40DCA HOME Loan DCA HOME Loan Program 1 1 0

DDF/Dev Note Don Paxton 1 1 1

I certify that all information provided herein this core application in its entirety is true, correct, complete and that the above reflects the full extent of all financing (both construction and permanent) which applies (or is expected to apply) to the above-mentioned development.

Title (please print) Member of General Partner

Non-DCA Government Financing

(If HOME involved and Surplus/Shortage is not zero, attach letter of explanation.)Surplus/(Shortage) of Construction funds to Construction costs:

DO NOT ENTER BLANK SPACES INTO CELLS IN CHART BELOW!

Balloon Paymnt Amount, if Applies

DCR if

Surplus/(Shortage) of Permanent funds to development costs: (If Surplus/Shortage is not zero, put letter of explanation in Tab 1.)

Proposed DCA HOME loan interest rate per

Operating Year for Projects located in Rural

Areas:

* Debt Svc Types (See Instructions): Description of Permanent Financing Debt Service Behavior

Operation Year When Debt

Service Begins

Operation Year When Interest-

Only Pymts Begin

Nbr of Yrs that Actual Payments are to be Made

C = unequal payments until paid off or end of term

L = (L)evel payments or deferred level payments until maturity, self-amortizing or not, with or without balloon note**Target DCR minimum for ALL Secured Debt = 1.15, but individual secured debt sources may have higher Target DCRs.

G901

If the Debt Service Type for this debt source consists of level payments or deferred level payments, whether amortizing or not, then enter L. If the Debt Service Type for this debt source consists of variable cash flow payments, then enter C.

H901

If the Debt Service Type for this debt source is L (for level payments or deferred level payments), then leave this space blank. If the Debt Service Type for this debt source is C (for variable cash flow payments), then enter the Debt Coverage Ratio desired to result from your proposed payment stream.

G902


H902


G903


H903


G904


H904


G905


H905


D906

Repayment period for Deferred Dev Fee / Developer Note must not exceed 10 years.

G906


H906




Authorized Owner Signature

Date May 4, 2005 Name (please print) Don Paxton




Year: 1 2 3 4 5Tenant Paid Rents 227,076 231,618 236,250 240,975 245,794 Project-Based Rental Assisted Rents 0 0 0 0 0

Potential Gross Rental Income 227,076 231,618 236,250 240,975 245,794 Other Income: Occupancy-based (trended) 4,541 4,632 4,724 4,819 4,915 Less Vacancy/Collection Loss (16,213) (16,537) (16,868) (17,206) (17,550)Other Income: Not Occupancy-based 0 0 0 0 0 Effective Gross Income 215,404 219,712 224,106 228,588 233,160

(157,004) (161,714) (166,566) (171,563) (176,709)Less Management Fee (10,770) (10,986) (11,205) (11,429) (11,658)Less Replacement Reserve (12,500) (12,875) (13,261) (13,659) (14,069)

Net Operating Income 35,130 34,137 33,074 31,937 30,724 Lewiston State Bank (Bonnev (30,223) (29,336) (28,447) (27,465) (26,417)

NOI After Secured Debt Service 4,907 4,801 4,627 4,472 4,307 DDF / Developer Note (4,080) (1,439) (934) (408)

Before Tax Cash Flow 827 3,362 3,693 4,064 4,307 Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) 413 1,681 1,847 2,032 2,153Syndicator Asset Management Fee

Debt Coverage for: Lewiston State Bank (Bonnev 1.1623 1.1637 1.1627 1.1628 1.1630

1.1623 1.1637 1.1627 1.1628 1.1630DCR: Blended (Secured + Developer Note) 1.0241 1.1093 1.1257 1.1458 1.1630

Year: 6 7 8 9 10Tenant Paid Rents 250,710 255,724 260,839 266,056 271,377 Project-Based Rental Assisted Rents 0 0 0 0 0 Potential Gross Rental Income 250,710 255,724 260,839 266,056 271,377 Other Income: Occupancy-based (trended) 5,014 5,114 5,216 5,321 5,427 Less Vacancy/Collection Loss (17,901) (18,259) (18,624) (18,996) (19,376)Other Income: Not Occupancy-based 0 0 0 0 0

Effective Gross Income 237,823 242,580 247,431 252,380 257,427 (182,011) (187,471) (193,095) (198,888) (204,855)

Less Management Fee (11,891) (12,129) (12,372) (12,619) (12,871)Less Replacement Reserve (14,491) (14,926) (15,373) (15,835) (16,310)Net Operating Income 29,430 28,054 26,591 25,038 23,392 Debt Service* for: Lewiston State Bank (Bonnev (25,300) (24,112) (22,848) (21,507) (20,086)

NOI After Secured Debt Service 4,130 3,942 3,743 3,531 3,306 DDF / Developer Note

Before Tax Cash Flow 4,130 3,942 3,743 3,531 3,306 Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) 2,065 1,971 1,872 1,766 1,653Syndicator Asset Management Fee


X. PROJECT CASH FLOW PROFORMA (If needed, attach separate proforma detailing missing characteristics and reasons for use)

Less (Annual Operating Costs less Mgt Fee)

Debt Service* for:

Arrange debt service in lien position order.

Debt Service* for:

DCR: All Secured Debt (1.15 - 1.35)



Debt Service* for:



1.1633 1.1635 1.1638 1.1642 1.1646DCR: Blended (Secured + Developer Note) 1.1633 1.1635 1.1638 1.1642 1.1646DCR: All Secured Debt (1.15 - 1.35)






(211,000) (217,330) (223,850) (230,566) (237,483)Less Management Fee (13,129) (13,391) (13,659) (13,932) (14,211)Less Replacement Reserve (16,799) (17,303) (17,822) (18,357) (18,907)

Net Operating Income 21,648 19,803 17,853 15,793 13,620 Debt Service* for: Lewiston State Bank (Bonnev (18,580) (16,987) (15,303) (13,525) (11,649)

NOI After Secured Debt Service 3,068 2,816 2,550 2,268 1,971 DDF / Developer Note

Before Tax Cash Flow 3,068 2,816 2,550 2,268 1,971 Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) 1,534 1,408 1,275 1,134 985Syndicator Asset Management Fee


1.1651 1.1658 1.1666 1.1677 1.1692DCR: Blended (Secured + Developer Note) 1.1651 1.1658 1.1666 1.1677 1.1692



Less Management Fee (14,495) (14,785) (15,081) (15,382) (15,690)Less Replacement Reserve (19,475) (20,059) (20,661) (21,280) (21,919)Net Operating Income 11,328 8,914 6,372 3,698 886 Debt Service* for: Lewiston State Bank (Bonnev

NOI After Secured Debt Service 11,328 8,914 6,372 3,698 886 DDF / Developer Note

Before Tax Cash Flow 11,328 8,914 6,372 3,698 886 Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) 5,664 4,457 3,186 1,849 443Syndicator Asset Management Fee

Debt Coverage for: Lewiston State Bank (Bonnev




Debt Service* for:




Debt Service* for:



#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!DCR: Blended (Secured + Developer Note) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!DCR: All Secured Debt (1.15 - 1.35)






Less Management Fee (16,004) (16,324) (16,650) (16,984) (17,323)Less Replacement Reserve (22,576) (23,254) (23,951) (24,670) (25,410)Net Operating Income (2,068) (5,171) (8,428) (11,844) (15,426)Debt Service* for: Lewiston State Bank (Bonnev

NOI After Secured Debt Service (2,068) (5,171) (8,428) (11,844) (15,426)Debt Service* for: DDF / Developer NoteBefore Tax Cash Flow (2,068) (5,171) (8,428) (11,844) (15,426)Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) -1,034 -2,586 -4,214 -5,922 -7,713Syndicator Asset Management Fee


#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!DCR: Blended (Secured + Developer Note) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!



(328,732) (338,593) (348,751) (359,214) (369,990)

Less Management Fee (17,670) (18,023) (18,383) (18,751) (19,126)Less Replacement Reserve (26,172) (26,957) (27,766) (28,599) (29,457)Net Operating Income (19,181) (23,113) (27,231) (31,541) (36,050)Debt Service* for: Lewiston State Bank (Bonnev

NOI After Secured Debt Service (19,181) (23,113) (27,231) (31,541) (36,050)Debt Service* for: DDF / Developer NoteBefore Tax Cash Flow (19,181) (23,113) (27,231) (31,541) (36,050)Outstanding Balance-DCA HOME LoanBalloon Loan Excess Cash Flow Payment (if applicable) -9,590 -11,557 -13,616 -15,770 -18,025Syndicator Asset Management Fee










#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!DCR: Blended (Secured + Developer Note) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!DCR: All Secured Debt (1.15 - 1.35)



APPLICANT CERTIFICATION AND AUTHORIZATION - Laurel Oaks Apartments 2005-022

DATE: Applicant Name: Laurel Oaks Limited PartnershipPrint Firm Name

By: Notary Public Authorized Signature

Title: Member of General PartnerMy Commission Expires

[Notary Seal] Date:

DATE: Applicant Name: Not ApplicablePrint Firm Name

By: Notary Public Authorized Signature

Title: My Commission Expires

[Notary Seal] Date:

The undersigned applicant(s) hereby certify that I/we have carefully read, thoroughly understand, and have completely followed the accompanying 2005-100 Core Application Form Instructions. The undersigned applicant(s) hereby each certify that, to the best of their knowledge and belief, all of the information in this Application and all supporting documentation is correct, complete and accurate as of the stated date(s). These statements are made for the purpose of obtaining a loan and/or guaranteeing a loan. The undersigned understand FALSE statements may result in forfeiture of benefits and possible prosecution.

The undersigned also understand that, if the project is awarded LIHTC or HOME funds in the 2005 Funding Round, the Project must be completed according to the specific requirements presented in the 2005 Core Application Form. Changes or variations from the specifications stated in the 2005 Core Application are subject to DCA approval.

The undersigned also understand that, as a condition of the Memorandum of Understanding between DCA and the IRS, DCA must request that the IRS deny tax credits to the Applicant entity if DCA determines that an allocation for LIHTCs is obtained with false information. The undersigned further recognize and accept the obligation to notify DCA immediately in writing if the undersigned become aware of any subsequent events or information which would change any statements or representations previously submitted to DCA.

The undersigned also understand and agree that DCA may verify the information or documents used in processing this Application. The undersigned authorize DCA to make inquiries as necessary to verify the accuracy of the statements made and to determine credit-worthiness, and to consult with any credit agency or reference creditor in determining credit-worthiness. The undersigned further authorize DCA/Lender to receive information, documents, credit reports and other such reference summaries received by other lenders. The undersigned hereby authorize release of information to DCA or its designee by undersigned's bank, accountant, mortgage lender, creditors, credit reporting agencies and other sources to verify the accuracy of documents and information DCA uses in processing the application.

The undersigned also understand that all documents submitted for award consideration, including the Core Application and support & cure documents, along with any subsequently submitted documents, plans/designs or modifications agreed to by DCA, are incorporated by reference into this certification. False statements may result in the forfeiture of benefits and possible prosecution.

The undersigned understand and agree that the Application, all attachments thereto, and all correspondence relating to the Application in particular are subject to a request disclosure under the Georgia Open Records Act (O.C.G.A. Sec. 50-18-70 et. seq.) and the undersigned expressly consent to such disclosure. The undersigned agree to hold harmless the Department and the individual directors, employees, members, officers, and agents of DCA against all losses, costs, damages, expenses, and liability of whatsoever nature or kind (including, but not limited to, attorneys' fees, litigation, and court costs) directly or indirectly resulting from or arising out of the release of all information pertaining to my application pursuant to a request under the Georgia Open Records Act.

The undersigned also certify that, except as shown by this Application or any attachment thereto, the undersigned have not been suspended, debarred or otherwise restricted by any Department or Agency of the Federal Government or of any state's government from doing business with such Department or Agency.



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022Applicants must read Appendix II of the 2005 Qualified Allocation Plan, provided separately at http://www.dca.state.ga.us/housing/QAP_2005.pdf, while completing this form.

ONE-SITE APPLICATIONS ONLY COMPLETE THIS VERSION OF THE SELF-SCORE FORM.SCATTERED SITE APPLICATIONS MUST COMPLETE THE VERSION AT END OF SCATTERED SITE EXTENDED APPLICATION.

Rural Candler LIHTC: Gen'l Pool, $452073 Acq/Rehab & New Construction SupportUnits: 50 Cost/Unit Family Self Docs

Score are inScore Value Value: Tab:

I. APPLICATION COMPLETENESS/ORGANIZATIONA. Completeness 6 6 B. Organization 2 2

II. PROJECT LOCATION CHARACTERISTICSA. Adjacent Residential Development 2 2 B. Desirable and Undesirable Activities / Characteristics 10 10

1. Desirable Sites (1 pt each) 10 11 2. Undesirable Sites (1 pt subtracted for each) 0

C. Quality Growth Initiatives 15 9 1. In-fill Sites 5 5 11 2. Community Transportation Options 2 2 11 3. Adaptive Reuse, Historic Preservation and Brownfield / Greyfield Redevelopment 6 0 4. Site Layout 2 2 11

D. Previous Projects Within a Local Government 4 4

III. TENANCY CHARACTERISTICSA. Family Housing 22

1. Basic Requirements 4 4 20 2. Optional Amenities 15 15

a. Physical improvements on the site (1 pt each, up to 3 pts) 3 1 20 Equipped tot lotEquipped walking pathIndicate physical improvement from list provided here

b. Large open playing fields (of at least 5000 square feet) 2c. Covered pavilion with picnic/barbecue facilities 2 2 20 d. Washer/dryer hookups in all units in addition to central laundry 4 4 20 e. Exercise / Fitness Center 4 4 20 f. Complete built-in fire sprinkler system 2g. Swimming Pool 2h. Microwave Oven 1I. In-sink disposal 1 1 20 j. Built-in dishwasher 1 1 20 k. Equipped Computer Center 2 2 20 l. Other optional amenities proposed by applicant 2

3. Optional Services (1 pt each, up to 3 pts) 3 0 a. Indicate optional service from list provided hereb. Indicate optional service from list provided herec. Indicate optional service from list provided here

B. Special Needs 26Percentage of the total units that are held and reserved for occupancy by tenants with special needs 0.00%

Supportive services designed to meet the needs of the targeted population

Amenities applicable to the designated Special Needs Households



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022Applicants must read Appendix II of the 2005 Qualified Allocation Plan, provided separately at http://www.dca.state.ga.us/housing/2005QAP.pdf, while completing this form.

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ONLY ONE-SITE APPLICATIONS COMPLETE THIS VERSION OF THE SELF-SCORE FORM. Score are inScore Value Value: Tab:

III. TENANCY CHARACTERISTICS (continued)C. Elderly Households 20

1. Basic Requirements 6 2. Optional Amenities or Services 14 0

a. Physical improvements on the site (1 pt each, up to 3 pts) 3Indicate physical improvement for elderly from list provided hereIndicate physical improvement for elderly from list provided hereIndicate physical improvement for elderly from list provided here

b. Washer/dryer hookups in all units in addition to central laundry 4c. Complete built-in fire sprinkler system 2d. Microwave Oven 1e. In-sink disposal 1f. Built-in dishwasher 1g. Equipped Computer Center 2h. Exercise / Fitness Center 4I. Swimming Pool 2j. Other optional amenities or services designed for elderly 4

List other optional amenities in this box only. Indicate other optional services in boxes below.Indicate optional service from list provided hereIndicate optional service from list provided here

Indicate optional service from list provided hereIndicate optional service from list provided hereIndicate optional service from list provided here

Indicate optional service from list provided hereIndicate optional service from list provided here

D. Housing for Older Persons 20 1. Basic Requirements 6 2. Optional Amenities/Services 14 0

a. Washer/dryer hookups in all units in addition to central laundry 4b. Microwave Oven 1c. In-sink disposal 1d. Built-in dishwasher 1e. Equipped Computer Center 2f. Swimming Pool 2g. Equipped Exercise / Fitness Center 4h. Installed elevator in buildings with more than one story 4I. Complete built-in fire sprinkler system 2j. Installed call system in all units 2k. Other amenities or services appropriate for persons aged 55+ 6-14

List other optional amenities here. Indicate other optional services in boxes below.No optional service chosenNo optional service chosenNo optional service chosenNo optional service chosenNo optional service chosenNo optional service chosen

No optional service chosen(Maximum points for "c" depend on whether "a" and/or "b" are chosen also.)




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IV. ADDITIONAL RENT AND INCOME ELECTIONSA. Public Housing Authority Investment/Operating or Rental Subsidy 15 0 B. Very Low Income and Rent Restrictions 6 6 1 C. Project-Based Rental Assistance 18 0 D. Very Very Low Income and Rent Restriction 8 8 1 E. DCA Project Based Rental Assistance for Special Needs Tenants 2 2 1

# units % of Total:

3 6.00%

F. 0.00% 4 0 G. Extension of Cancellation Option Period/Tenant Ownership Plan 3 3

V. PRESERVATION OF EXISTING AFFORDABLE HOUSING 10 0

VI. GOVERNMENT SUPPORT AND FINANCIAL ASSISTANCEA. Local Government Support 3 3 24 B. Government Financial Assistance 15 15 25 C. CHDO Predevelopment Loans 2 0

VII. PROJECT CHARACTERISTICSA. Neighborhood Redevelopment 11 6

1. Difficult to develop area or Qualified Census Tract 3 3 26 2. Enterprise community, empowerment zone or Renewal Community 2 0 3. Georgia Better Hometown or Georgia Mainstreet Community 1 1 26 4. Community-adopted redevelopment plan / Community Revitalization Plan in place 3 0 5. Local Government committed to provide off-site improvements 2 2 26

B. Energy Efficiency and Indoor Air Quality Requirements 10 10 1. Completed construction meets EPA’s Energy Star program 10 2. Exterior envelope wall systems to be insulated w/ a spray applied insulation material 2 3. Attic insulation to R-38 2 2 27 4. ARI rated furnace (90% AFUE), or heat pump (HSPF 7.8 for HP 2-ton & HP 1.5 ton) 2 2 27 5. ARI rated SEER 12 cooling equipment with sensible heat ratio less than 0.75 2 2 27 6. Locate HVAC ductwork in conditioned spaces 2 2 27 7. HVAC system designed to locate the fresh air intake before the return air infiltration 1 8. Combustion equipment isolated in sealed combustion closet. Ventilation from outside. 1 9. Kitchen range hood ventilation ducted to the exterior and equipped with a damper 1 1 27 10. Ceiling Fans in living rooms, sun rooms and all bedrooms 1 1 27

C. Project Design 20 20 1. Exterior Wall Finishes: 4 4

a. 40+% exterior wall surface is brick or stone 4 4 27 b. Rehab historic bldgs and maintain or recreate existing wall finish 4 0 c. Exterior finishing materials replacement and upgrade 4 0

2. Attractive Features: 4 4a. Recreation of existing or previous historic or decorative elements 2 0 b. Add new shutters and decorative ventilation elements 2 2 27 c. Add new or recreate existing covered entries to all bldgs, units 2 0 d. Recreate existing or add new attractive roof profiles 2 0 e. Add new or recreate existing stair and railing elements 2 2 27

By entering a score for this criterion, the Applicant certifies that it agrees to accept a Section 8 Project Based Voucher contract for the designation of up to ten (10) units or five (5%) percent of the total units, whichever is less, for occupancy by tenants with special needs who are receiving supportive services through the Georgia Department of Human Resources. The Applicant must enter the number of units that it contracts to designate in the box provided here:

Mixed Income Project (Total Market Rate Units divided by Total Residential Units)

O1306

Please see Application Instructions to determine how to calculate Points in this area based on the Set-aside Election.




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VII. PROJECT CHARACTERISTICS (continued)C.

3. Major Building Component Materials and Upgrades: 4 4a. Cementitious, hard stucco, and/or wood siding in place of vinyl 2b. Upgraded roofing shingles, or roofing materials 2 2 27 c. Upgraded windows and French doors (No sliding glass doors) 2 2 27 d. Stairs and railings of durable non-combustible materials 1e. Upgraded interior doors with lever hardware 2f. Upgraded interior cabinetry 1g. Upgraded flooring materials 1

4. Landscaping and Site Design Features: 8 8a. Front entry has attractive, permanent, illuminated entry sign 2 2 27 b. Upgraded landscaping 2 0 c. Freestanding shelters 2 2 27 d. Additional larger trees, benches and other shade plantings 2 2 27 e. Areas for low water landscaping 2f. Either Preservation and integration of existing trees and vegetation 2

OR Substantial replanting of trees, integrated vegetation 2 2 27 D. Accessibility 6 6

1. Additional 2% of units (with a minimum of one) will be equipped for mobility disabled 2 2 27 2. All units designated and equipped for disabled have front loading washers, dryers 2 3. The maximum length of travel from each first floor unit in every building to the closest “Handicapped” designated parking space does not exceed 200 feet 1 4. All MF units incorporate visitability modifications for mobility disabled stated in Plan 1 5. All SF units incorporate visitability modifications for mobility disabled stated in Plan 1 6. Final plans & specs will be reviewed by professional accessibility consultant 4 4 27

E. Ownership Makeup 2 0

VIII. READINESS TO PROCEED 4 4 28

IX. COMPLIANCE HISTORY STATUS (possible deduction = 20) 10 10 29 (see Compliance Self-Score Sheet - p. 18 of this Application form)

DCA USE ONLY: 145 Inflated self-score deduction: TOTAL POSSIBLE SCORE 212

E N D O F C O R E A P P L I C A T I O N F O R O N E - S I T E P R O J E C T S

G O T O O R G C H A R T , C O M P L I A N C E S U M M A R I E S / S E L F - S CO R E

Project Design (continued)



E X T E N D E D A P P L I C A T I O N F O R S C A T T E R E D S I T E

P R O J E C T S B E G I N S H E R E

PROJECT CONCEPT - Laurel Oaks Apartments 2005-022(continued)Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.For projects selecting the 6-parcel scattered site option, please attach additional pages in the application binder for any units above four.

PARCEL 1

Mixed-Income / Mixed-Use Yes/NoMixed-Income

Mixed-Use

PARCEL 2Parcel Street Address

City Zip CountyUnit Street Address Unit Street AddressUnit Street Address Unit Street AddressParcel Is In: City limits? Census Tract#: QCT/DDA? DCA Utility Region: Enter County AboveParcel Configuration # Units 0 # LI Units 0 # LI Bldgs # Residential Bldgs Total # Bldgs

Congressional State Senate State House

Legislative Districts (Give District Numbers)

If on district boundary, indicate other district:

Totals for Parcel 2Proposed Structure Type New Construction Rehabilitation Only Acquisition / Rehabilitation Totals

Multifamily (2 units minimum per building) 0 Single-Family Detached 0 Totals 0 0 0 0


Total Number of Units by Unit Type Nbr of Bedrooms: 0 1 2 3 4 5Nbr of Units: 0 0 0 0 0 0

Applicable Utility Availability Gas Electric Pub Wtr Pub SwrUtility is currently available to the parcel?Utility will be individually metered by unit?Utility provider will individually bill each tenant?

Mixed-Income / Mixed-Use Yes/NoMixed-IncomeMixed-Use




Area of Parcel (acres, from Lgl Desc)

Proposed Activity - Indicate number of units to be completed for each applicable structure type and activity using the boxes below.


Does an Identity of Interest exist between the Applicant and the Seller? (If so, include appraisal in application binder)




L1409


L1410


L1440


L1441




PROJECT CONCEPT - Laurel Oaks Apartments 2005-022(continued)Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.For projects selecting the 6-parcel scattered site option, please attach additional pages in the application binder for any units above four.












Mixed-Use











Mixed-Income / Mixed-Use Yes/No














Type of Commercial Space if Mixed-Use*:

L1474


L1475


K1482


L1505




Mixed-Income

Mixed-Use


Total Devlpmnt Costs for Commercial SpaceNote: For mixed-use development,

see Application Instructions for additional required documentation.

L1506




PROJECT LOCATION CHARACTERISTICS - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.For projects selecting the 6-parcel scattered site option, please attach additional pages in the application binder for any units above four.












Mixed-Use



Congressional State Senate State HouseLegislative Districts (Give District Numbers)






















L1539


L1540


L1570




Mixed-Income

Mixed-Use




L1571




PROJECT LOCATION CHARACTERISTICS - Laurel Oaks Apartments 2005-022Applicants must read the 2005-100 Core Application Form Instructions, provided separately at www.dca.state.ga.us/housing/2005_tc_app.html, while completing this form.


City Zip CountyUnit Street Address Unit Street AddressUnit Street Address Unit Street Address

Parcel Is In: City limits? Census Tract#: QCT/DDA? DCA Utility Region: Enter County Above# Units 0 # LI Units 0 # LI Bldgs # Residential Bldgs Total # Bldgs








Mixed-Income / Mixed-Use Yes/NoMixed-IncomeMixed-Use

























K1581


L1604


L1605


K1611


L1634


L1635




Mixed-Use

Note: For mixed-use development, see Application Instructions for additional required documentation.






Parcel Is In: City limits? Census Tract#: QCT/DDA? DCA Utility Region: Enter County AboveParcel Configuration # Units 0 # LI Units 0 # LI Bldgs # Residential Bldgs Total # Bldgs










Mixed-Use


























K1644


L1667


L1668


K1674


L1697


L1698




Mixed-Use

















Mixed-Use











Mixed-Income















K1707


L1730


L1731


K1737


L1760


L1761




Mixed-Use

















Mixed-Use












Mixed-Income















K1770


L1793


L1794


K1800


L1823


L1824




Mixed-Use

















Mixed-Use


























K1833


L1856


L1857


K1863


L1886


L1887




Mixed-Use

















Mixed-Use


























K1896


L1919


L1920


K1926


L1949


L1950




Mixed-Use

















Mixed-Use


























K1959


L1982


L1983


K1990


L2013




Mixed-Income

Mixed-Use




L2014





IV. UTILITY ALLOWANCE INFORMATION

Will this parcel consist of "identically equipped" units? Parcel Number1 2 3 4 5

Yes/No: Yes6 7 8 9 10

11 12 13 14 15

16 17 18 19 20

NOTE: If the project has only one Utility Allowance Configuration, then only UAC Chart Number 1 needs to be completed.Utility Allowance Configuration 3 Chart (UAC Nbr 3) -- if needed

"MF" if Multifamily, "SF" if Single Family, or "MH" if Manufactured Housing

Answer 2 questions above first, then all 4 questions below. No change in utilities, providers, or payors will be allowed later.



1




4 Air Cond. - Electric

5 Lights/Refr. - Electric

6 SewerWater



"Identically equipped" units are equipped with each appliance "Use" category (heating, cooking, etc.) using the same "Fuel" (natural gas, electric, etc.) in all unit types (e.g., all units have gas heat, electric cooking, and electric water heating).

(If "No", provide detail of differing Utility Allowance breakdowns for other units in the Utility Allowance charts provided. May use additional pages, if needed, with same formats as Use-Fuel Charts and Rent Charts. Note situation in Applicant "Comments & Clarifications" tab.)













1






6 SewerWater







1






6 SewerWater














Parcel Summary by Unit Rent Type for: PARCEL 2

Low Income Units TotalsUnit Rent Type 60 Tot Nbr: 0 % of Tot: #DIV/0!


0 0 0 0

Percentage of Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!


Unit Rent Type 50 Tot Nbr: 0 % of Tot: #DIV/0!


0 0 0 0





0 0 0 0



Parcel Total SF of Low Income Units 0

Non-LIHTC Low Income Units with PBRAUnit Rent Type >60 Tot Nbr: 0 % of Tot: #DIV/0!




Market Rate UnitsUnit Rent Type Mkt Tot Nbr: 0 % of Tot: #DIV/0!




0 BR 1 BR 2 BR 3 BR 4 BR 5 BROther: Common Space Employee or Nonresidential Units 0 Total Number of Units by Unit Type 0 0 0 0 0 0 0 Percentage of Total Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Low Income Rent unit distribution for Parcel 2:

0 0




Summary by Unit Rent Type for Parcel 2

Total PBRA Units for Parcel 2 from: Total Units for Parcel 2 from:P 2 Unit Rent Type Summary: P 2 Proposed Activity:






Low Income Units Totals



0 0 0 0





0 0 0 0





0 0 0 0



Parcel Total SF of Low Income Units 0 Non-LIHTC Low Income Units with PBRAUnit Rent Type >60 Tot Nbr: 0 % of Tot: #DIV/0!








0 BR 1 BR 2 BR 3 BR 4 BR 5 BROther: Common Space Employee or Nonresidential Units 0 Total Number of Units by Unit Type 0 0 0 0 0 0 0 Percentage of Total Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Low Income Rent unit distribution for Parcel 3:




Summary by Unit Rent Type for Parcel 3

Total PBRA Units for Parcel 3 from: Total Units for Parcel 3 from:



0 0 P 3 Unit Rent Type Summary: P 3 Proposed Activity:







Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRs0 0 0 0












Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRsTotal Number of Units by Unit Type 0 Total Square Feet of Units by Unit Type 0 Percentage of Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!SF Percentage "% of AMI" Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!



Summary by Unit Rent Type for Parcel 4 0 BR 1 BR 2 BR 3 BR 4 BR 5 BROther: Common Space Employee or Nonresidential Units 0 Total Number of Units by Unit Type 0 0 0 0 0 0 0 Percentage of Total Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Low Income Rent unit distribution for Parcel 4:









Low Income Units TotalsUnit Rent Type 60 Tot Nbr: 29 % of Tot: 58.0%

Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRs0 2 14 13 0 0 29 0 1,568 14,685 15,993 0 0 32,246 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Percentage of Units by Unit Type 0.0% 6.9% 48.3% 44.8% 0.0% 0.0%SF Percentage "% of AMI" Units by Unit Type 0.0% 4.9% 45.5% 49.6% 0.0% 0.0%


Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRs0 2 6 5 0 0 13 0 1,568 6,274 6,213 0 0 14,055 0 0 0 0 0 0 0 0 0 0 0 0 0 0



Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRs0 1 5 2 0 0 8 0 784 5,137 2,378 0 0 8,299 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Project Total SF of Low Income Units 54,600

Non-LIHTC Low Income Units with PBRAUnit Rent Type >60 Tot Nbr: 0 % of Tot: 0.0%

Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRsTotal Number of Units by Unit Type 0 0 0 0 0 0 0 Total Square Feet of Units by Unit Type 0 0 0 0 0 0 0 Percentage of Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!SF Percentage "% of AMI" Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Market Rate UnitsUnit Rent Type Mkt Tot Nbr: 0 % of Tot: 0.0%

Unit Type 0 BRs 1 BRs 2 BRs 3 BRs 4 BRs 5 BRsTotal Number of Units by Unit Type 0 0 0 0 0 0 0 Total Square Feet of Units by Unit Type 0 0 0 0 0 0 0 Percentage of Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!SF Percentage "% of AMI" Units by Unit Type #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0 BR 1 BR 2 BR 3 BR 4 BR 5 BROther: Common Space Employee or Nonresidential Units 0 0 0 0 0 0 0 Total Number of Units by Unit Type 0 5 25 20 0 0 50 Percentage of Total Units by Unit Type 0% 10% 50% 40% 0% 0%If HOME loan, Low HOME Rent unit distribution for Master:

Total PBRA Units: 0 Total Units Planned From: Activity Summary: 50

MASTER Project Summary by Unit Rent Type




Overall Summary by Unit Types for MASTER



Rent Charts: 50

EXTENDED APPLICATION FOR SCATTERED SITE PROJECTS CONTINUES IN TAB IV: SCATTERED SITE SELF-SCORE


OAH Form 2005-100 April 2005 page 61 of 70


ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF THE SELF-SCORE FORM.Yes/No Nbr of Parcels

Scattered Site (No more than six (6) non-contiguous parcels within 1/2 mile radius of each other. See 2005 QAP Core Plan Section 10(B) 1(a))

Scattered Site (For the development of single-family housing on not more than twenty (20) non-contiguous parcels with 1-4 units per contiguous parcel. SupportSee 2005 QAP Core Plan Section 10(B) 1(b)) Self

Score Value Self Score Value for Site: ScoreI. APPLICATION COMPLETENESS/ORGANIZATION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Value:

A. Completeness 6B. Organization 2

II. PROJECT LOCATION CHARACTERISTICSA. Adjacent Residential Development 2 0 B. Desirable and Undesirable Activities / Characteristics 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1. Desirable Sites (1 pt each) 1 0 2. Undesirable Sites (1 pt subtracted for each) -1 0

C. Quality Growth Initiatives 15 0 1. In-fill Sites 5 0 2. Community Transportation Options 2 0 3. Adaptive Reuse, Historic Preservation and Brownfield / Greyfield Redevelopment 6 0 4. Site Layout 2 0

D. Previous Projects Within a Local Government 4 0

III. TENANCY CHARACTERISTICS Self Score Value for Site:A. Family Housing 22 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 0

1. Basic Requirements 4 0 2. Optional Amenities 15 0a. Physical improvements on the site (1 pt each, up to 3 pts) 3 0

Indicate physical improvement from list provided here 0 Indicate physical improvement from list provided here 0 Indicate physical improvement from list provided here 0

b. Large open playing fields (of at least 5000 square feet) 2 0 c. Covered pavilion with picnic/barbecue facilities 2 0 d. Washer/dryer hookups in all units in addition to central laundry 4 0 e. Exercise / Fitness Center 4 0 f. Complete built-in fire sprinkler system 2 0

g. Swimming Pool 2 0 h. Microwave Oven 1 0 I. In-sink disposal 1 0 j. Built-in dishwasher 1 0 k. Equipped Computer Center 2 0 l. Other optional amenities proposed by applicant 2 0

3. Optional Services (1 pt each, up to 3 pts) 3 0 a. Indicate optional service from list provided here 0 b. Indicate optional service from list provided here 0

Project Site Description - project consists of (indicate only one option as "Yes"):

Please choose a site option before

proceeding!



c. Indicate optional service from list provided here 0



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022Applicants must read Appendix II of the 2005 Qualified Allocation Plan, provided separately at http://www.dca.state.ga.us/housing/2005QAP.pdf, while completing this form. Support

ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF SELF-SCORE FORM. Self

Score Value Self Score Value for Site: ScoreIII. TENANCY CHARACTERISTICS (continued) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Value:

B. Special Needs 26Percentage of the total units that are held and reserved for occupancy by tenants w/ special needs

Supportive services designed to meet the needs of the targeted population

Amenities applicable to the designated Special Needs Households

Self Score Value for Site:C. Elderly Households 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 0

1. Basic Requirements 6 0 2. Optional Amenities or Services 14 0a. Physical improvements on the site (1 pt each, up to 3 pts) 3 0

Indicate physical improvement for elderly from list provided here 0 Indicate physical improvement for elderly from list provided here 0 Indicate physical improvement for elderly from list provided here 0

b. Washer/dryer hookups in all units in addition to central laundry 4 0 c. Complete built-in fire sprinkler system 2 0 d. Microwave Oven 1 0 e. In-sink disposal 1 0 f. Built-in dishwasher 1 0

g. Equipped Computer Center 2 0 h. Exercise / Fitness Center 4 0 I. Swimming Pool 2 0 j. Other optional amenities or services designed for elderly 4 0

List other optional amenities in this box only. Indicate other optional services in boxes below. 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0 Indicate an optional service designed for the elderly from the list provided here 0




ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF SELF-SCORE FORM. Self

Score Value Self Score Value for Site: ScoreIII. TENANCY CHARACTERISTICS (continued) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Value:

D. Housing for Older Persons 20 01. Basic Requirements 6 0 2. Optional Amenities/Services 14 0a. Washer/dryer hookups in all units in addition to central laundry 4 0 b. Microwave Oven 1 0 c. In-sink disposal 1 0 d. Built-in dishwasher 1 0 e. Equipped Computer Center 2 0 f. Swimming Pool 2 0

g. Equipped Exercise / Fitness Center 4 0 h. Installed elevator in buildings with more than one story 4 0 I. Complete built-in fire sprinkler system 2 0 j. Installed call system in all units 2 0 k. Other amenities or services appropriate for persons aged 55+ 6-14 0

0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0 Indicate optional HFOP service from list provided here 0

Score Value Self Score Value for Site:IV. ADDITIONAL RENT AND INCOME ELECTIONS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A. Public Housing Authority Investment/Operating or Rental Subsidy 15B. Very Low Income and Rent Restrictions 6C. Project-Based Rental Assistance 18D. Very Very Low Income and Rent Restriction 8E. DCA Project Based Rental Assistance for Special Needs Tenants 2

#units

F. 4G. Extension of Cancellation Option Period/Tenant Ownership Plan 3

V. PRESERVATION OF EXISTING AFFORDABLE HOUSING 10 0

VI. GOVERNMENT SUPPORT AND FINANCIAL ASSISTANCEA. Local Government Support 3

List other optional HFOP amenities in this box. Indicate other optional services in boxes below.

By entering a score for this criterion, the Applicant certifies that it agrees to accept a Section 8 Project Based Voucher contract for the designation of up to ten (10) units or five (5%) percent of the total units, whichever is less, for occupancy by tenants with special needs who are receiving supportive services through the Georgia Department of Human Resources. The Applicant must enter the number of units that it contracts to designate in the box provided here:

Mixed Income Project (Total Market Rate Units divided by Total Residential Units)



B. Government Financial Assistance 15C. CHDO Predevelopment Loans 2




SelfSelf Score Value for Site: Score

ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF SELF-SCORE FORM. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Value:VII PROJECT CHARACTERISTICS

A. Neighborhood Redevelopment 11 01. Difficult to develop area or Qualified Census Tract 3 0 2. Enterprise community, empowerment zone or Renewal Community 2 0 3. Georgia Better Hometown or Georgia Mainstreet Community 1 0 4. Community-adopted redevelopment plan / Community Revitalization Plan in place 3 0 5. Local Government committed to provide off-site improvements 2 0

B. Energy Efficiency and Indoor Air Quality Requirements 10 01. Completed construction meets EPA’s Energy Star program 10 0 2. Exterior envelope wall systems to be insulated w/ a spray applied insulation material 2 0 3. Attic insulation to R-38 2 0 4. ARI rated furnace (90% AFUE), or heat pump (HSPF 7.8 for HP 2-ton & HP 1.5 ton) 2 0 5. ARI rated SEER 12 cooling equipment with sensible heat ratio less than 0.75 2 0 6. Locate HVAC ductwork in conditioned spaces 2 0 7. HVAC system designed to locate the fresh air intake before the return air infiltration 1 0 8. Combustion equipment isolated in sealed combustion closet. Ventilation from outside. 1 0 9. Kitchen range hood ventilation ducted to the exterior and equipped with a damper 1 0 10. Ceiling Fans in living rooms, sun rooms and all bedrooms 1 0

Self Score Value for Site:1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

C. Project Design 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 01. Exterior Wall Finishes: 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a. 40+% exterior wall surface is brick or stone 4b. Rehab historic bldgs and maintain or recreate existing wall finish 4c. Exterior finishing materials replacement and upgrade 4

2. Attractive Features: 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a. Recreation of existing or previous historic or decorative elements 2b. Add new shutters and decorative ventilation elements 2c. Add new or recreate existing covered entries to all bldgs, units 2d. Recreate existing or add new attractive roof profiles 2e. Add new or recreate existing stair and railing elements 2

3. Major Building Component Materials and Upgrades: 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a. Cementitious, hard stucco, and/or wood siding in place of vinyl 2b. Upgraded roofing shingles, or roofing materials 2c. Upgraded windows and French doors (No sliding glass doors) 2d. Stairs and railings of durable non-combustible materials 1e. Upgraded interior doors with lever hardware 2f. Upgraded interior cabinetry 1



g. Upgraded flooring materials 1




SupportSelf

ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF SELF-SCORE FORM. Self Score Value for Site: Score

Score Value 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Value:

VII PROJECT CHARACTERISTICS (continued)C.

4. Landscaping and Site Design Features: 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a. Front entry has attractive, permanent, illuminated entry sign 2b. Upgraded landscaping 2c. Freestanding shelters 2d. Additional larger trees, benches and other shade plantings 2e. Areas for low water landscaping 2f. Either Preservation and integration of existing trees and vegetation 2

OR Substantial replanting of trees, integrated vegetation 2D. Accessibility 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1. Additional 2% of units (with a minimum of one) will be equipped for mobility disabled 22. All units designated and equipped for disabled have front loading washers, dryers 23. The maximum length of travel from each first floor unit in every building to the closest “Handicapped” designated parking space does not exceed 200 feet 14. All MF units incorporate visitability modifications for mobility disabled stated in Plan 15. All SF units incorporate visitability modifications for mobility disabled stated in Plan 16. Final plans & specs will be reviewed by professional accessibility consultant 4

E. Ownership Makeup 2

VIIIREADINESS TO PROCEED 4

IX. COMPLIANCE HISTORY STATUS (possible deduction = 20) 10 10

(see Compliance Self-Score Sheet - p. 18 of this Application form)

DCA USE ONLY:10

Inflated self-score deduction: TOTAL POSSIBLE SCORE 212

Project Design (continued)



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022

ONLY SCATTERED SITE APPLICATIONS COMPLETE THIS VERSION OF THE SELF-SCORE FORM.

SupportDocsare inTab:



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022Support

Docsare inTab:




Docsare inTab:



PROJECT SELECTION CRITERIA OVERALL SELF SCORE - Laurel Oaks Apartments 2005-022

SupportDocsare in

Tab:

10

Georgia Department of Community AffairsOffice of Affordable Housing

2005 Funding Round Application

OAH 2005-100 April 2005 Page 66 of 70

Organizational Chart for: Laurel Oaks Apartments, 2005-022

Land Seller Owner Nonprofit SponsorB Earnest Franklin Option Agreement Laurel Oaks Limited Partnership National Development Foundation, Inc

Don Paxton

Developer ArchitectBeneficial Communities Development Owner-Architect Agreement Forum Architect

Don Paxton 99.000% James Black

Co-Developer 1 Property ManagerNational Development Foundation, Inc Development Services Management Agreement Banyan Realty Management, Inc

1.000% Agreement louis Vogt

Co-Developer 2 General ContractorN/A Construction Contract Construction Enterprises, Inc.

0.000% John Landers

Development ConsultantN/A

Managing GP 99.900% 0.000% Main Limited PartnerBeneficial Laurel Oaks, LLC 0.010% Other General Partner 1 Other General Partner 2

Don Paxton (Individually) Paramount Financial Holdings, Inc

Mike Moses

To replace Don Paxton at Syndication

Member/Principal Other Limited PartnerDon Paxton 99.900% Owner Consultant

Not Applicable

0.00% Member/PrincipalNot Applicable 0.000%

Member/Principal Member/PrincipalNational Development Founation, LLC 0.000% 0.000%1% owner of Beneficial Laurel Oaks, LL

Member/PrincipalNot Applicable 0.000%

INSTRUCTIONS:1. Complete all boxes applicable to the organizational chart for the project team members.2. Provide Organization Name and Principal Name for each entity in its' box.3. Use smaller percentage boxes to indicate actual percentage of ownership.4. Use Tab VIII, Comments & Clarifications, to provide any additional information not adequately captured here.

Georgia Department of Community AffairsOffice of Affordable Housing 2005 Funding Core Application Page _______ of _______

OAH Form J-21 April 2005 Page 67 of 70

COMPLIANCE SUMMARY / PROPOSED PROJECT: Laurel Oaks Apartments, Project # 2005-022Read Application Instructions before starting. Failure to do so may result in denial of 2005 funding round participation. If entity is a partnership, submit experience summaries for each general partner.

1) Entity/Individual Name for this Summary: 2) Entity Type: Corporation

National Development Foundation, LLC 3) Entity's Role in Proposed Project: Owner/GP and Developer

4 5 6 7 8 9 10 11 12 13 14 15

Exh

ibit

Nbr

Development Name; Street Address, Unit Count

Nbr

of A

udits

Findings Other

City, State, Zip; Tax Credit ID #;

No

Find

ing

LIH

TC N

C

HO

ME

NC

FDIC

NC

Fore

clos

ure

Def

ault

Law

suit

Deb

arm

ent

Name of Limited Partnership; Low Mkt Tot

Federal Tax ID Nbr; Construction Activity Inc Rate UnitsBridge Street Commons; 26 Bridgestreet

52 52 99%

Stroudsburg, Pennsylvania 18360#98-019/#00-033Central Stroud, Limited Partnership59-3304418; New Construction

F6

Centreville Courts; 100 Grambling Court

102 102 LIHTC 100%

IHDA 1 11 XCentreville, Illinois 66207; #HTF-1305Partnership 18 LP54-1881724; New Construction

F16

Heritage Village; 940 Ware Street

1990-Present 64 64 98%

USDA 1 19 XBlackshear, Georgia 31516 #91-044Heritage Village Blackshear, LP

59-3402155; Rehab

Springfield Road; 213 Keenland Drive

30 30 94%

Elizabethtown, Kentucky 42701; KY99-040Springfield Road Single Family Homes Ltd.61-1352153; New Construction

Tall Pines Subdivision; 411 Sabal Palm Court

2000-Present 39 39 67%

LaBelle, Florida 33935 #2000-079S

National Development Foundation, Inc.65-0820596; New Construction

Past Role Code

Participation Period From - To

Financing Sources /

Government Programs C

urre

nt

Occ

upan

cy % Auditing agencies

which conducted audits within 3 years of the

Application date.

Tota

l Nbr

of

Uni

ts A

udite

d

O/GPD

3/31/99-Present

Midland Mortgage/LIHT

C

O/GPD

8/12/01-1/26/2004

O/GPD

USAccess Bank/LIHTC

O/GPD

Midland Mortgage/LIHT

C

O/GPD

Wachovia Bank/Sail

Development in Process of Lease-Up



2000-Present 39 39 67%O/GPD

Wachovia Bank/Sail





National Development Foundation, Inc.3) Entity's Role in Proposed Project: Owner/GP and Developer

4 5 6 7 8 9 10 11 12 13 14 15

Exh

ibit

Nbr


Nbr

of A

udits

Findings Other


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Federal Tax ID Nbr; Construction Activity Inc Rate UnitsTradewinds Hammocks; 100 Hammock Trail

1999-Present 66 66 100%

First Housing 1 15 XKey Largo, Florida 33037; #2000-075CHTradewinds Hammocks, Ltd59-3626826; New Construction

Waterford Townhomes, 524 Hope Street

82 10 92 99%

Lima, Ohio 45804; #00-0005Waterford Townhomes LP59-3518517; New Construction/Rehab

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O/GPD

Wachovia Bank/Monroe County Land

Authority/LIHTC/Sail

O/GPD

1/1/2004-Present

Ascenca Bank/Ohio Finance





Banyan Realty Management, LLC3) Entity's Role in Proposed Project: Property Manager

4 5 6 7 8 9 10 11 12 13 14 15

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Federal Tax ID Nbr; Construction Activity Inc Rate Units

F-1

Madison Meadows Apartments

PM 04/01-Present 96 24 120 LIHTC 90%

GDCA 1 20 X10 Packinghouse RoadStatesboro, GA 304592001-047CMadison Meadows, LP 59-3744085New Construction

F-2

Hunters Chase

PM 04/02-Present 89 23 112 LIHTC 93%

None1 Hunter's Chase CircleThomasville, GA 317922002-005Wendover Chase, LP 03-0415967New Construction

F-3

Colonial Homes

PM 09/04-Present 20 20 100%

None319 Keller StreetBlackshear, GA 31516

91-004Heritage Village Blackshear, Ltd 59-1947745Rehabilitation

F-4

Heritage Village

PM 09/04-Present 64 64 LIHTC & HAP 97%

None940 Ware StreetBlackshear, GA 3151690-076Heritage Village Blackshear, Ltd 59-3402155Rehabilitation

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1) Entity/Individual Name for this Summary: 2) Entity Type: Individual

Donald W Paxton3) Entity's Role in Proposed Project: Owner/GP and Developer

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Federal Tax ID Nbr; Construction Activity Inc Rate UnitsTori Pines, Cobbtown Road

2004-Now 64 0 64 LIHTC/USDA 0%

0Metter, GA 04-039Beneficial Tori Pines Limited Partnership20-1019911, New Construction

Lakeview Apartments, Ferncrest Drive


0Lyons, GA 04-038Beneficial Lakeview ApartmentsLimited Partnership26-0097870, New Construction

The Palms at Lake Tulane Hal McRae Rd


0Avon Park, FL 33825 2004-042CThe Palms at Lake Tulane Limited Partnership

20-0878744, New Construction

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O/GPD




1) Entity/Individual Name for this Summary: 2) Entity Type: --- Select Entity Type from list --->

3) Entity's Role in Proposed Project: --- Select Entity Role from list --->4 5 6 7 8 9 10 11 12 13 14 15

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Georgia Department of Community AffairsOffice of Affordable Housing 2005 Funding Core Application Page _____ of ______

OAH Form 2005-100 p. 68 of 70 April 2005 OAH Form J-22

PARTICIPANT COMPLIANCE SELF SCORE FORM - 2005-022, Owner / GP 1, National Development Foundation, Inc.(Attach to Experience Summary)

Entity Name For This Score Sheet Yes / No

National Development Foundation, Inc. Enter Factor Score: PLEASE NOTE: Only the last three (3) years of Compliance Information are required to determine your Score.

Exhi

bit #

Comments

Bridge Street Commons; 26 Bridgestreet

52 0#98-019/#00-033Stroudsburg, Pennsylvania 18360


102 0#HTF1305Centreville, Illinois 66207; #HTF1305


64 0Blackshear, Georgia 31516; #91-044

Springfield Road;213 Keenland Drive

30 0Elizabethtown, Kentucky 42701; KY99-040


39 0LaBelle, Florida 33935; #2000-079S

Tradewinds Hammocks; 100 Hammock Trail

66 0Key Largo, Florida 33037; #2000-075CH

Waterford Townhomes; 524 Hope Street,

92 0Lima, Ohio 45804; #00-0005

Did this entity receive a 2005 Pre-Application Compliance Factor Score certificate from DCA?

Property Name, Tax Credit ID#, Street Address,

City, State, Zip

Date of Audit

Total # of

Units

Assigned Numerical Value of Non-Compliance or

Finding (Appendix II, p.44 of 2005 Plan)



PARTICIPANT COMPLIANCE SELF SCORE FORM - 2005-022, Owner / GP 1, National Development Foundation, Inc., page 2Ex

hibi

t #

CommentsProperty Name, Tax Credit ID#, Street Address,

City, State, Zip

Date of Audit

Total # of

Units

