alfred st. app

8/6/2019 Alfred St. App

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Print Preview - FullApplicationTax Credits, RPP Loans, and/or Tax Exempt Bond Loans

roject Description

oject Name: Alfred St. Senior

dress: Intersection of Alfred St. and Vanstory St.

y: Fayetteville County: Cumberland Zip:

nsus Tract: 2 Block Group: 2

roject in Qualified Census Tract or Difficult to Develop Area? Yes

litical Jurisdiction: City of Fayetteville

risdiction CEO Name:First:Dale Last:Iman

Title: City Manager

risdiction Address: 433 Hay St.

risdiction City: Fayetteville Zip:

risdiction Phone:

e Latitude:

e Longitude:

oject Type: New Construction

his project a previously awarded tax credit development? No

If yes, what is the project number: Is this a request for supplementalcredits?

w Construction/Adaptive Reuse:

his project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No

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

ehab:

umber of residents holding Section 8uchers:

the project meet Energy Star standards as defined in Appendix B? Yes

es a community revitalization plan exist? Yes

ll the project use steel and concrete construction and have at least 4 stories? No

ttps://www.nchfa.org/Rental/RTCApp/(S(lpfe3bran...BDA689226E&SNID=82033A81F9E9439D9D01363C069157B6 (1 of 30)10/16/2009 8:49:35 AM

28301

28301

(910)433-1990

35.043929

-78.876343


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ll the project include a Community Service Facility under IRS Revenue Ruling 2003-77?

If yes, please describe:

get Population:Elderly (62)

l the project be receiving project based federal rental assistance? Yes

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

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

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

Number of Units:

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

Number of Units:

Remarks: If feasible, the project will inlcude up to 8 mobility impaired units for people with disabilities. All common areas will meet ADA

standards and all units will be visitable.


30

4

4


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pplicant Information

cate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under QAP Section III(C)(5) ovidual or entity will be able to make decisions with regard to this application. If awarded the applicant must become part of the ownership entity. The applicant

ecute the signature page for this application.

plicant Name: TCG United, LLC (TCG Development Services/United Developers)

dress: 2939 Breezewood Ave. Ste. 201

y: Fayetteville State: NC Zip:

ntact: First: Peter Last:Behringer Title:Exec. V.P.

lephone:

Phone:

x:

mail Address:

OTE: Email Address above will be used for communication between NCHFA and Applicant.


28303

(301)563-5562

(301)563-5560

(301)563-6160

[email protected]


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te Description

al Site Acreage: Total Buildable Acreage:

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

A portion of the site is within a 100 year floodplain. No part of the buidling footprint will be positioned in the floodplain and all floorlevels will be above the floodplain.

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

Storm Sewer Water Sanitary Sewer Electric

he demolition of any buildings required or planned? No

If yes, please describe:

existing buildings on the site currently occupied? No

If yes:(a) Briefly describe the situation:

(b) Will tenant displacement be temporary?(c) Will tenant displacement be permanent?

he site directly accessed by an existing, paved, publicly maintained road? Yes

If no, please explain:

ny portion of the site located inside the 100 year floodplain? Yes

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


3.77 3


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No buidlings are located in the 100 year floodplain. A portion of driveway and the parking area will be in the floodplain.

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



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te Control

es the owner have fee simple ownership of the property (site/buildings)?No

If yes provide:

Purchase Date: Purchase Price:

If no:

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

(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for purchase of the propertthe seller of the property?NoIf yes, specify the relationship:

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

(D) Enter Purchase Price:


10/9/2009

1


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oning

sent zoning classification of the site:R5

multifamily use permitted?Yes

variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No

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

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

there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review?No

If yes, describe below:

there any existing conditions of environmental significance located on the project site?No

If yes, describe below:



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wnership Entity

wner Name: Curtis Lane Associates, LP


y: Fayetteville State:NC Zip:

deral Tax ID Number of Ownership Entity: (If assigned)

ote: Do not submit social security numbers for individuals.

tity Type: Limited Partnership

tity Status: To Be Formed

he applicant requesting that the Agency treat the application as Non-Profit sponsored? No

he applicant requesting that the Agency treat the application as CHDO sponsored? No

st all general partners, members,and principals. Specify nonprofit corporate general partners or members.ick [Add] to add additional partners, members, and principals.

Org: Curtis Lane/TCG United, LLC

st Name: Murray Last Name: Duggins Function: Managing General Partner

dress: 2939 Breezewood Ave. ste. 201

y: Fayetteville State: NC Zip: 28303

one: Fax:

Mail: Nonprofit: No

Org: TCG United, LLC

st Name: Murray Last Name: Duggins Function: Limited Partner

dress: 2939 Breezewood Ave. ste. 201y: Fayetteville State: NC Zip: 28303

one: Fax:

Mail: Nonprofit: No

Org: TCG Development Services, LLC

st Name: Peter Last Name: Behringer Function: Principal

dress: 8484 Georgia Ave. Ste. 620

y: Silver Spring State: MD Zip: 20910

one: Fax:

Mail: Nonprofit: No

Org: United Developers, Inc

st Name: Murray Last Name: Duggins Function: Principal


y: Fayetteville State: NC Zip: 28303


28303

(910)485-6600 (910)483-4274

[email protected]

(910)485-6600 (910)483-4274

[email protected]

(301)563-5562 (301)563-5560

[email protected]


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one: Fax:

Mail: Nonprofit: No

Org: Fayetteville Metropolitan Housing Authority

st Name: Dawn Last Name: Driggers Function: Limited Partner

dress: 1000 Ramsey St.

y: Fayetteville State: NC Zip: 28301one: Fax:

Mail: Nonprofit: Yes


(910)485-6600 (910)483-4274

[email protected]

(901)483-3648 (901)483-4274

[email protected]


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

Elevators - Number of Elevators:

uare Footage Information

oss Floor Square Footage:

tal Net Sq. Ft. (All Heated Areas):

tes

Please refer to theIncome Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low income units are within

established thresholds.

ttps://www.nchfa.org/Rental/RTCApp/(S(lpfe3bra...DA689226E&SNID=82033A81F9E9439D9D01363C069157B6 (11 of 30)10/16/2009 8:49:35 AM

800

1

31,020

29,469
http://www.nchfa.com/Rental/Mincomelimits.aspxhttp://www.nchfa.com/Rental/Mincomelimits.aspx


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argeting

ecifyLow Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to create another row.

(at the left of each row) to delete a row. Add as many rows as needed.

BRs Units %

targeted at percent of median income affordable to






tal Low Income Units:

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


8 40

12 50

4 60

4 40

6 50

2 60

36


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unding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP Loan

Local Gov. Loan - Specify:HOME City Funds

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:FMHA HOPE VI

Other Loan 2 - Specify:

Other Loan 3 - Specify:

Tax Exempt Bonds

State Tax Credit(Loan)

State Tax Credit(Direct Refund)

Equity: Federal LIHTC

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources**

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

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

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

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

he HOPE VI loanwill be soft debt at AFR for a term of 40 years. Interest accruing will be payable to


350,000 2.00 20 20

2,298,167 0.00 40 40

125,000 7.00 18 30 9,980

0 30 30 0

1,420,736

142,751

4,336,654

80


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e Lender from available Cash Flow until the Maturity date. All accrued interest and principal shalle payable in full at the Maturity date. The City of Fayetteville HOME loan will be soft debt for a term

20 years with an interest rate of 2%.

ans with Variable Amortization

ease fill in the annual debt service as applicable for the first 20 years of the project life.

ocal Gov. Loan - HOME City Funds

ar:mt:

1 2 3 4 5 6 7 8 9 10

ar:mt:

11 12 13 14 15 16 17 18 19 20

her Loan 1 - FMHA HOPE VI

ar:mt:

1 2 3 4 5 6 7 8 9 10

ar:mt:

11 12 13 14 15 16 17 18 19 20



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evelopment Costs

ItemCost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Building(s) (Rehab / Adaptive Reuse only)

2 Demolition (Rehab / Adaptive Reuse only)

3 On-site Improvements

4 Rehabilitation

5 Construction of New Building(s)

6 Accessory Building(s)

7 General Requirements (max 6% lines 2-6)

8 Contractor Overhead (max 2% lines 2-7)

9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest)

10 Construction Contingency (max 3% lines 2-9, Rehabs 6%)

11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10)

12 Architect's Fee - Inspection

13 Engineering Costs

SUBTOTAL (lines 1 through 13)

14 Construction Insurance (prorate)

15 Construction Loan Orig. Fee (prorate)

16 Construction Loan Interest (prorate)

17 Construction Loan Credit Enhancement (prorate)

18 Construction Period Taxes (prorate)

19 Water, Sewer and Impact Fees

20 Survey

21 Property Appraisal

22 Environmental Report

23 Market Study

24 Bond Costs

25 Bond Issuance Costs

26 Placement Fee

27 Permanent Loan Origination Fee

28 Permanent Loan Credit Enhancement


0

0

360,000 360,000

0

2,202,856 2,202,856

160,000 160,000

159,264 159,264

56,273 56,273

168,819 168,819

91,162 91,162

66,278 66,278

16,569 16,569

20,000 20,000

3,301,221

22,000 22,000

0

100,000 100,000

0

0

28,000 28,000

6,500 6,500

10,000 10,000

7,500 7,500

4,300 4,300

30,000

30,000

40,000

20,000

6,055


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

59 TOTAL QUALIFIED BASIS

60 Tax Credit Rate

61 Federal Tax Credits at Estimated Rate

62 Federal Tax Credits at 9.00% or 3.75% (maximum $1,000,000)

63 Federal Tax Credits Requested

64 Land Cost

65 TOTAL REPLACEMENT COST

FEDERAL TAX CREDITS IF AWARDED

Comments:

Total Replacement Cost per unit:88,844


130.00% 130.00%

5,209,467 5,209,467 0

3.40 8.50

177,122 177,122 0

195,355 195,355 0

0

4,336,654

195,355


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arket Study Information

ase provide a detailed description of the proposed project:

red Street Elderly Apartments will be located on 3.77 acres in the City of Fayetteville, Cumberland County, approximately one-f mile east of the downtown area. The project is part of the Old Wilmington Road (OWR) Community Revitalization Plan a $20lion 2007 HOPE VI award to the Fayetteville Metropolitan Housing Authority.e project will consist of 36 elderly units located in one building with an office/community building. The project will be constructedmeet Energy Star Certification. The rent structure is very affordable. The units are targeted to a range of incomes from 30% to

% of area median income: 30% for households earning 30% AMI or less and 50% for households earning 50% AMI or less. Thusotal 80% of the units serving 62+ elderly will be targeted to households below 50% AMI.e site is served by many services including shopping, walk-in medical clinic, adult education programs, food and pharmacyopping, and public transportation located within 250 feet. The site is located in a residential area, and surrounded by a mix ofsting housing and vacant land to be redeveloped into community gardens.e Alfred Street Elderly will be part of the 220 unit multi-family tax exempt bond development, including Curtis Lane, also in the

WR neighborhood and community. Alfred Street Apartments will provide (elderly) replacement housing for the demolition ofampbell Terrace and Delona Gardens which is the focus of the OWR Hope VI Revitilization.

nstruction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:

None

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

If yes, please provide name and address:

Haymount Manor2040 Elvira StreetFayetteville, NC 28303

Legion Manor651 Seth WayHope Mills, NC 28348

Bunce Manor3450 Denise PlaceFayetteville, NC 28304

e Amenities:

e site will include a common meeting room with pantry, a computer/library room, covered sitting area and gazebo.

site Activities:



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e managment will incoporate weekly on-site Bingo events and other activities. In collaboration with the FMHA the residents willo have a Support Service Coordinator.

ndscaping Plans:

ndscaping will incorporate existing topography and drainage patterns; use landscaped storm water mangament measures;ganize and economize use of paved surfaces; protect exiting trees; and create planted open spaces; utiizing native vegetationd irrigation where necessary.

rior Apartment Amenities:

artment amenities to include range with hood, garbage disposal, dishwahser, frost free refrigerator, mini-blinds, cieling fans,rpet, vinyl, VCT, storage/pantry, and HVAC. At a minimum the living room and one bedroom will be equipped with datannection ports and cable.appliances will meet Energy Star requirements. And all units will be sprinkler fit.

you plan to submit additional market data (market study, etc.) that you want considered? No

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



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pplicant's Site Evaluation

efly describe your site in each of the following categories:

EIGHBORHOOD CHARACTERISTICS

end and direction of real estate development and area economic health. Physical condition of buildings and improvements in themediate vicinity. Concentration of affordable housing.

fred St. elderly development, 36 units is part of the Old Wilmington Road HOPE VI Community Revitalization Plan (CRP) adjacent

downtown Fayetteville. CRP addresses the distressed housing conditions by proposing to demolish 249 dilapidated units on 21cres which will be replaced with new construction family rental, senior housing, and for-sale single-family homes utilizng the $20illion award. In addition, the CRP will include enhancing and adding coomunity services such as a new school, medical clinic, day

are, and a community resource center in partnership with the city and neighborhood organizations. The CRP will impact in aageted manner 50+ acres of the Old Wilimngton Neighborhood as part of the HOPE VI.

URROUNDING LAND USES AND AMENITIES

nd use pattern is residential in character (single and multifamily housing). Extent that the location is isolated. Effect of industrial,ge-scale institutional or other incompatible uses, including but not limited to: wastewater treatment facilities, high traffic corridors,kyards, prisons, landfills, large swamps, distribution facilities, frequently used railroad tracks, power transmission lines and towers,

ctories or similar operations, sources of excessive noise, and sites with environmental concerns (such as odors or pollution).mount and character of vacant, undeveloped land. The site is located in a residential area, and surrounded by a mix of existingusing and vacant land to be redeveloped into community gardens. The site is served by many services including shopping, walk-inedical clinic, adult education programs, food and pharmacy shopping, and public transportation located within 250 feet.

TE SUITABILITY

equate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities (particularly roads). Access toass transit (if applicable). Visibility of buildings and/or location of project sign(s) in relation to traffic corridors. There are adequateop signs and Speed limits for the roads within the neighborhood. Alfred Street is off of Campbell Avenue which has direct access tod Wilmington Road. Old Wilminton Road is a main traffic corridor through the downtown area and leads to US 301.

egree of on-site negative features and physical barriers that will impede project construction or adversely affect future tenants; forample: power transmission lines and towers, flood hazards, steep slopes, large boulders, ravines, year-round streams, wetlands,d other similar features (for adaptive re-use projects- suitability for residential use and difficulties posed by the building(s), such as

ited parking, environmental problems or the need for excessive demolition).here are no negative onsite features that would impede the project construction.

milarity of scale and aesthetics/architecture between project and surroundings.

he Alfred Street senior living facility is designed to both complement and integrate with the major new community garden that ise green center of the revitalized Old Wilmington Road neighborhood. The scale of the building is reduced by the three-partassing to reflect the context of small churches and homes, and design features such as patios and porches further tie the buildingthe landscape and its surroundings. The building style looks to traditional Fayetteville prototypes, particularly the Georgianevival architecture of the old City Hall (now the Fascinate U Childrens Museum), and elements of historic landmarks such as therange Street School and the colonial Market House.

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

Grocery Store Community/Senior Center

Mall/Strip Center Hospital


.5 0.9

.5 1.6


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Outdoor Athletic

eldsPharmacy

Day Care/After

hoolBasic Health Care

SchoolsPublic Transportation

Stop

Convenience Store Public Parks

Gas Station Library

er facilities or services:

e Satation - 0.4 milesestaurants (Traditional and Fast Food) - 1.2 miles


.41.7

.11.6

.40.2

.4 0.4

.4 1.3


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evelopment Team

vide contact information for development team members below:

nagement Agent

mpany: United Management II

dress: P.O. Box 87770

y: Fayettville State: NC Zip:

one Email:

ntact Name: First: Tami Last: Belanger

chitect

mpany: Moore Riley Architects, P.A.


y: Raleigh State: NC Zip:

one Email:

ntact Name: First: Matt Last: Riley

orney

mpany: Tuggle, Duggins, and Meschan, PA

dress: P. O. Box 2888

y: Greensboro State: NC Zip:

one Email:ntact Name: First: Bill Last: Burgin

vestor

mpany: RBC Capital Markets

dress: 2101 Rexford Road, Suite 375W

y: Charlotte State: NC Zip:

one Email:

ntact Name: First: Brian Last: Flanagan

nsultant/Application Preparer (if different from developer)

mpany: N/A

dress:

y: State: Zip:

one Email:

ntact Name: First: Last:


28304

(910)221-6600 [email protected]

27619


27402


28211



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neral Contractor Identity of Interest?

mpany: United Developers


y: Fayetteville State: NC Zip:

one Email:

ntact Name: First: Jim Last: Smith


28304



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rojected Operating Costs

Project Operations (Year One)

Administrative Expenses

Advertising

Office Salaries

Office Supplies

Office or Model Apartment Rent

Management Fee

Manager or Superintendent Salaries

Manager or Superintendent Rent Free Unit

Legal Expenses (Project)

Auditing Expenses (Project)

Bookkeeping Fees/Accounting Services

Telephone and Answering Service

Bad Debts

Other Administrative Expenses (specify):

SUBTOTAL

Utilities Expense

Fuel Oil

Electricity (Light and Misc. Power)

Water

Gas

Sewer

SUBTOTAL

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies

Janitor and Cleaning Contract

Exterminating Payroll/Contract

Exterminating Supplies

Garbage and Trash Removal

Security Payroll/Contract


1,332

10,800

2,160

11,007

11,880

1,800

2,880

720

42,579

5,400

5,040

4,320

14,760

3,600

1,440

5,112

2,160


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Grounds Payroll

Grounds Supplies

Grounds Contract

Repairs Payroll

Repairs Material

Repairs Contract

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract

Decorating Supplies

Other (specify):

Miscellaneous Operating & Maintenance Expenses

SUBTOTAL

Taxes and Insurance

Real Estate Taxes

Payroll Taxes (FICA)

Miscellaneous Taxes, Licenses and Permits

Property and Liability Insurance (Hazard)

Fidelity Bond Insurance

Workmen's Compensation

Health Insurance and Other Employee Benefits

Other Insurance:

SUBTOTAL

Supportive Service Expenses

Service Coordinator

Service Supplies

Tenant Association Funds

Other Expenses (specify):

SUBTOTAL

Reserves


3,960

5,220

1,080

4,032

Cable & Contingency736

27,340

15,300

2,160

8,280

2,160

1,440

2,160

31,500

900

900


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Replacement Reserves

SUBTOTAL

TOTAL OPERATING EXPENSES

ADJUSTED TOTAL OPERATING EXPENSES

(Does not include taxes, reserves and resident support services) *

TOTAL UNITS

(from total units in the Unit Mix section)

PER UNIT PER YEAR


9,000

9,000

126,079

100,879

36

2,802


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1. "Net Rental/Other Income" comes from 1st-year cash flow, then it is escalated by 3% per year.2. "Total Operating Expenses" comes from 1st-year cash flow, then it is escalated by 4% per year.3. "Debt Service" is the sum of "regular/amortized loan debt service + non-amortizing annual service" as entered by user from Funding Sources sectio4. "Net Cash Flow" is "Net Rental/Other Income" minus "Total Operating Expenses" minus "Debt Service".5. "Debt Coverage Ratio" is ("Net Rental/Other Income" minus "Total Operating Expenses") divided by "Debt Service".



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inimum Set-Asides

NIMUM REQUIRED SET ASIDES (No Points Awarded):

Select one of the following two options:

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

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

If requesting RPP funds:40% of the units are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:Moderate Income County:

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

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

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

Tax Exempt BondsThreshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent (50%) of county meincome.At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent (40%) of county meincome.

Eligible for targeting points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent (50%) of countymedian income.At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent (40%) of county m

income.



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ull Application Checklist

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

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners (signed copies)

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

D Management Agent Agreement

E Owner and Management Experience & Management Questionnaire (Appendix C)

F Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Map showing all flood zones(original on letterhead, no fax or photocopies)

G Local Government Letter Confirming Zoning including any pending notices or hearings (original on letterhead, no fax or photocopies)

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

I Documentation from utility company or local PHA to support estimated utility costs

J Appraisal (required for land costs greater than $15,000 and for all Adaptive Re-use and Rehab projects)

K Site plan, floor plans and elevations for all projects. Scope of work for Adaptive Re-use and Rehab projects. (Full Size, 24 x 36 inches)

L Hazard and structural inspection and termite reports (Adaptive Re-use and Rehab projects only)

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

N Proposed Relocation Plan including relocation budget and copies of notices. Required for all Rehabs and any projects involving existing occupanany dwellings to be rehabbed or demolished.

O Evidence of Permanent Loan Commitment and other sources of funds ( i.e. Equity letter, AHP, RD and local government funds). For Rehabs withexisting loans provide 1) copies of loan documents, 2) current loan balances from existing lenders with reserve balances, 3) letter from lender thaoutlines assumption requirements.

P Local Housing Authority Agreement and Project Based Rental Assistance Letter, if applicable (Sample letters provided in Appendix I). For projecexisting PBRA contracts, provide a copy of the current contract and bank statement or other documentation verifying reserve balances and annureserve contribution requirements.

Q Statement regarding terms of Deferred Developer Fee. If a nonprofit is involved, a resolution from their board approving deferral of fee is required

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

alfred st. app

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