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8/6/2019 915 Caldwell
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Print Preview - PreliminaryApplicationTax Credits, RPP Loans, and/or Tax Exempt Bond Loans
roject Description
oject Name: 915 Caldwell
ddress: 915 Caldwell
ty: Charlotte County: Mecklenburg Zip:
ensus Tract: 6 Block Group: 2001
project in Qualified Census Tract or Difficult to Develop Area? Yes
e you requesting the basis boost under section II(E)(4) of the QAP?
olitical Jurisdiction: The City of Charlotte
risdiction CEO Name:First:Pat Last:McCrory
Title: Mayor
risdiction Address: 600 East Fourth Street
risdiction City: Charlotte Zip:
risdiction Phone:
te Latitude:
te Longitude:
oject Type: New Construction
Is this project a previously awarded tax creditdevelopment?
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:
l the project meet Energy Star standards as defined in Appendix B? Yes
es a community revitalization plan exist? No
ll the project use steel and concrete construction and have at least 4 stories? No
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (1 of 22)4/8/2009 1:42:15 PM
28206
28202-2839
(704)336-2241
35.2311
-80.8287
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ll the project include a Community Service Facility under IRS Revenue Ruling 2003-77?o
If yes, please describe:
rget Population:Elderly (62)
ll the project be receiving project based federal rental assistance? Yes
If yes, provide the subsidy source: HUD and number of units:
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (2 of 22)4/8/2009 1:42:15 PM
58
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pplicant Information
icate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. UAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applica
st become part of the ownership entity. The applicant will execute the signature page for this application.
pplicant Name: Charlotte Housing Authority
ddress: 1301 South Boulevard
ty: Charlotte State: NC Zip:
ontact: First: Jeff Last:Meadows Title:Sr. Development Officer
elephone:
t Phone:
ax:
mail Address:
OTE: Email Address above will be used for communication between NCHFA and Applicant.
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (3 of 22)4/8/2009 1:42:15 PM
28206
(704)353-0324
(704)336-7767
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te Description
tal Site Acreage: Total Buildable Acreage:
If buildable acreage is less than total acreage, please explain:
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:
e 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:
any portion of the site located inside the 100 year floodplain? No
If yes:(a) Describe placement of project buildings in relation to this area:
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (4 of 22)4/8/2009 1:42:15 PM
1.994 1.994
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(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (5 of 22)4/8/2009 1:42:15 PM
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te Control
es the owner have fee simple ownership of the property (site/buildings)?Yes
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?
(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contractpurchase of the property and the seller of the property?If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase:
(D) Enter Purchase Price:
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (6 of 22)4/8/2009 1:42:15 PM
10/18/2004 1,325,000
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oning
esent zoning classification of the site:MUDD and MUDD (CD)
multifamily use permitted?Yes
e 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 forobtaining them:
e there any existing conditions of historical significance located on the project site that will require State Historic Preservation officeiew?No
If yes, describe below:
e there any existing conditions of environmental significance located on the project site?No
If yes, describe below:
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (7 of 22)4/8/2009 1:42:15 PM
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wnership Entity
wner Name: 915 Caldwell, LLC
dress: 1301 South Boulevard
y: Charlotte State:NC Zip:
deral Tax ID Number of Ownership Entity: (If assigned)
ote: Do not submit social security numbers for individuals.
ntity Type: Limited Liability Company
ntity Status: To Be Formed
the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes
the 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: Horizon Development Properties, Inc.
rst Name: Charles Last Name: Woodyard Function: Principal
ddress: 1301 South Boulevard
ty: Charlotte State: NC Zip: 28203
hone: Fax:
Mail: Nonprofit: Yes
Org: Charlotte Housing Authority
rst Name: Charles Last Name: Woodyard Function: Principal
ddress: 1301 South Boulevardty: Charlotte State: NC Zip: 28203
hone: Fax:
Mail: Nonprofit: Yes
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (8 of 22)4/8/2009 1:42:15 PM
28203
(704)336-5221 (704)336-7767
(704)336-5221 (704)336-7767
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Community space within residential bulding(s) - Sq. Ft. (Floor Area):
Elevators - Number of Elevators:
quare Footage Information
oss Floor Square Footage:
otal Net Sq. Ft. (All Heated Areas):
icate 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 state codes.)
Number of Units:
Number of Units Required:
Persons with disabilities or homeless populations.
Number of Units:
tes
Please refer to the Income 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(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (10 of 22)4/8/2009 1:42:15 PM
22,759
2
88,233
86,371
10
10
10
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argeting
ecify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] ate another row. Click "X" (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/occupied by
targeted at percent of median income affordable to/occupied by
tal Low Income Units:
te: This number should match the total number of low income units in the Unit Mix section.
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (11 of 22)4/8/2009 1:42:15 PM
58 60
42 30
100
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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:Housing Trust Fund (HTF)
RD 515 Loan
RD 538 Loan - Specify:
AHP Loan
Other Loan 1 - Specify:Charlotte Housing Authority
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 debtservice below.
Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
stimated pricing on sale of Federal Tax Credits: $0.
emarks concerning project funding sources:ease be sure to include the name of the funding source(s))
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800,000 1.00 30 30
673,328 5.00 30 30
1,443,891 0 30 30 0
9,616,914
12,534,133
74
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TF Funding is anticipated by May 2009. This loan is proposed as an interest only loan at 1%.
HA Loan is proposed at 5% cash flow contingent and/or accruing.
ans with Variable Amortizationease fill in the annual debt service as applicable for the first 20 years of the project life.
ocal Gov. Loan - Housing Trust Fund (HTF)
ear:mt:
1 2 3 4 5 6 7 8 9 10
ear:mt:
11 12 13 14 15 16 17 18 19 20
her Loan 1 - Charlotte Housing Authority
ear:mt:
1 2 3 4 5 6 7 8 9 10
ear:mt:
11 12 13 14 15 16 17 18 19 20
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (13 of 22)4/8/2009 1:42:15 PM
8000 8000 8000 8000 8000 8000 8000 8000 8000 8000
8000 8000 8000 8000 8000 8000 8000 8000 8000 8000
33666 33666 33666 33666 33666 33666 33666 33666 30000 26000
21500 16600 11700 6500 900 0 0 0 0 0
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evelopment Costs
Item Cost 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 5% lines 2-9, Rehabs 10%)
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
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (14 of 22)4/8/2009 1:42:15 PM
0
0 0
1,400,000 1,400,000
0 0
6,627,980 6,627,980
0 0
474,000 474,000
158,000 158,000
474,000 474,000
345,000 345,000
162,020 162,020
25,000 25,000
150,000 150,000
9,816,000
30,383 15,000
55,000
150,000 77,000
0
50,000 50,000
0
15,000 15,000
10,000 10,000
45,000 45,000
10,000 10,000
0
0
0
0
0
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29 Title and Recording
SUBTOTAL (lines 14 through 29)
30 Real Estate Attorney
31 Other Attorney's Fees
32 Tax Credit Application Fees (Preliminary and Full)
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500)
34 Cost Certification / Accounting Fees
35 Tax Opinion
36 Organizational (Partnership)
37 Tax Credit Monitoring Fee
SUBTOTAL (lines 30 through 37)
38 Furnishings and Equipment
39 Relocation Expense
40 Developer's Fee
41 Additional Contigency (greater of $500/unit or $30,000)
42
43
44 Rent-up Expense
45
46
SUBTOTAL (lines 38 through 45)
47 Rent up Reserve
48 Operating Reserve
49
50
51 DEVELOPMENT COST (lines 1-49)
52 Less Federally Funded Grant
53 Less Disproportionate Standard
54 Less Nonqualified Nonrecourse Financing
55 Less Historic Tax Credit
56 TOTAL ELIGIBLE BASIS
57 Applicable Fraction (percentage of LI Units)
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (15 of 22)4/8/2009 1:42:15 PM
15,000
380,383
105,000 105,000
25,000 25,000
2,300
83,150
29,300 29,300
70,000
314,750
165,000 80,250
0
800,000 800,000
30,000 30,000
Inspections, Building Pe 101,000
Other Basis Expense (s
36,000
Other Non-basis Expen
Other Non-basis Expen
1,132,000
36,000
255,000
Social Services Sinking 600,000
Other Reserve (specify)
12,534,133 0 11,107,550
0
0
0
0 0
11,107,550 0 11,107,550
100.00% 100% 100%
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58 Basis Before Boost
59 Basis Boost of up to 130%
60 TOTAL QUALIFIED BASIS
61 Tax Credit Rate
62 Federal Tax Credits (maximum $1,300,000)
63 Federal Tax Credits Requested (if less than line 62)
64 Land Cost
65 TOTAL REPLACEMENT COST
FEDERAL TAX CREDITS IF AWARDED
Comments:
Project Development Cost per unit66,280
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (16 of 22)4/8/2009 1:42:15 PM
11,107,550 0 11,107,550
100.00% 130.00%
14,439,815 0 14,439,815
3.50 9.00
1,299,583 0 1,299,583
0
0
12,534,133
1,299,583
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arket Study Information
ease provide a detailed description of the proposed project:
e proposed elderly project will consist of 100 one-bedroom units in a mid-rise elevator building. Thesign approach will include the following interior and exterior elements:
omfortable, Accessible and Visitable Apartments with Good Storage and Furnishability; and
e Management Offices, Maintenance Shop, Resident Laundry Rooms, Informal Sitting Areas,
ongragate/Dining Hall with Warming Kitchen, Library, Common Lobbies per Floor will provide excellentility to provide residents a substantial level of service with an outstanding quality of life; and
alking Trails, Resident Gardens, Outdoor Seating, and Picnic Area will encourage the residentsWellness"; and
edestrian links connect the site to the Center City through a network of sidewalks. The site is also a fewndred feet from the proposed light rail system. An aerial photo located in the application package
ustrates these relationships to the proposed site; and
te Plans, Elevations and Floor Plans included in the application package demonstrate the high qualitysign included in this urban mid-rise building that blend within the context and character of the surroundingighborhood.
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:
See attached plans and elevations. The urban design is appropriate given the context of this urban infill siteat the edge of Charlotte's Central Business District commonly referred to as "Uptown". This prodcut willcompliment the existing 940 Brevard Senior apartments and the Historic Renovation of the Alpha Mill. Bothsites are adjacent to/across the street from the subject site.
ve you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
940 Brevard Senior Apartments is located 940 Brevard Street. 915 Caldwell is "not" a phase II of 940Brevard. 915 Caldwell will be a stand alone project.
e Amenities:
e proposed project will include: community space of approximately 22,759 square feet, Resident Gardenots, Walking Trails, Gazebo/Arbor, Picnic Area with Tables, Covered Drive Through and Drop Off atntry, Sitting Area, Game and Craft Room, Exercise Room, Exam Room, Library/Reading Room, Residentomputer Room, TV Room, Vending Area and Storage Area.
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site Activities:
e Charlotte Housing Authority (CHA) will provide a variety of support services appropriate for the elderlypulation through the CHA Moving Forward program. The Moving Forward program is a federalmonstration program that focuses on service provision to promote self sufficiency and quality of life.ese services may include Nutrition Programs (Meals on Wheels or County On-site Food Program),
ganized health activities such as exercise classes and health exams. Other services will be designed todress expressed needs of the residents.
ndscaping Plans:
e have budgeted approxiamtely $110,000 for landscaping. Given that the site is relatively small thisdget will provide for a substantial landscaped environment. A concerted planning effort will be made to
end the proposed site landscape with 940 Brevard and Alpha Mill by using similar plant materials andanting patterns. This approach will establish a relationship between the properties in the newlytablished neighborhood block over time as the landscapes mature over time.
erior Apartment Amenities:
e apartments will include: Range, Hood, Dishwasher, Disposal, Refrigerator, Storage, Mini-blinds, Pantry,eiling Fans, Walk-in Closets, Carpet, Vinyl, Alarm/Call System, and HVAC systems.
you plan to submit additional market data (market study, etc.) that you want considered? Yes
If yes, please make sure to include the additional information in your pre-application packet.
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (18 of 22)4/8/2009 1:42:15 PM
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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 andprovements in the immediate vicinity. Concentration of affordable housing.
HA is leading a major redevelopment effort in the urban area surrounding the proposed site. A 2004
OPE VI Grant for Piedmont Courts of $20M has been utilized to recreate this neighborhood area. TheOPE VI Grant has directly and indirectly leveraged public and private resources in excess of $100M toansform the built environment in the area. The revitalization effort has included the development of 940revard Senior Apartments; Seigle Point Apartments; Seigle Point Townhomes; The Seigle Pointommunity Center; McAden Apartments; Alpha Mills Apartments; redevelopment of the City Yards;gnificant investments by the City of Charlotte for planning efforts and infrastructre including an adoptedmall area plan; roads, utilities, stormwater and landscaping; moving industrial uses out of the area toreate and sustain the residential character of the neighborhood.
he site is also adjacent to the First Ward Neighborhood. First ward was also a revitalization effortpearheaded by CHA in the 1990's that resulted in one of the City's most desirable neighborhoods with aalance of affordable and market rate housing. CHA has won four revitalization grants and one demolitionrant (First Ward, Piedmont Courts, Arbor Glen and The Park at Oaklawn as well as Belvedere,
espectively) that have transformed each of the surrounding areas significantly. The award and theuccessful execution of these grants demonstrates CHA's ability to deliver on projects. They also indicaten endorsement by HUD and the City of Charlotte of CHA's redevelopment strategies.
he development of this site will fill an urban infill site providing another piece of revitalization effort. Thete of the proposed project is located between Caldwell and Brevard Streets and bound to the south by2th Street, just outside Charlotte's uptown at the western edge of the Belmont Neighborhood and at theouthern most edge of the Optimist Park Neighborhood. The site is across Brevard Street from the Alphaill, a late 19th Century textile mill that has been redeveloped (Completed in late 2007) into class A
partments that has reached stabilized occupancy. Immediately north accross the newly reconfigured Newalvine Street (A $1.45M City funded project that transformed a high speed connector road into aeighborhood street with on street parking) is the 940 Brevard Seniors Apartments. 940 Brevard, a taxredit project, was completed in late 2008 and is fully occupied with a waiting list of 26 and growing. The
004 market study for the 940 project indicated demand for the senior low income product and the 940roject demonstrated that demand. 940 Brevard recieved its Certificate of Occupancy in late September008 and reached full occupancy by mid November 2008. The senior population in Charlotte continues torow particulary in the lower wealth population.
n aerial photo is included in the application package and demonstrates the relationships outlined above.
URROUNDING LAND USES AND AMENITIES
nd use pattern is residential in character (single and multifamily housing). Extent that the location isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:astewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distributioncilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,urces of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount andaracter of vacant, undeveloped land. The land use pattern in the area is primarily multifmaily with some
ngle family, office and light industrial which is consistent with an urban area and is compatible withsidential development. The site is a few blocks from the center of the Central Business District (CDB) ande services and amenities that come with an urban CBD. A set of rail road tracks is active on the oppositede of the block from the site which are buffered by the Alpha Mill and 940 Brevard buildings. The building,
indicated on the provided site plan, will be located on the site at the greatest distance from the RR tracksssible and building techniques to be used will properly insulated the building. The City's Transit facility is
cated accross Caldwell Street from the site and the buses are parked on the site. The dramatic shift lowersite elevation brings the tops of the buses level with the street grade behind a retaining wall. The subjecte is the primary undeveloped site in the immediate area. The private investment in Alpha Mill and thecucpnacy demand at 940 Brevard indicate the strength of the site's location and desirability to all economicnges. The introduction of additional senior product will blend with the existing environment well. Also of
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te is the many churches that are located along North Tryon and in the Belmont and Optimist PArkeighborhoods which tend to be of particulary interest to the senior population. The is site is within closeoxmity to many goods and services as indicated below in the neighborhood feature section including ablic health clinic at the Hal Marshall Center and Presbyterian Hosptial to name a few of interest. Also note
at both the 940 Brevard and 915 Caldwell sites include +/- 1/2 acre sites for future developement of for saleultifamily product. The sites will allow for 30 to 60 units to be developed as one project at a later date. Theure development will be at least three stories and no more than five in scale with the surrounding area.
TE SUITABILITY
dequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
articularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign in relation to traffic corridors. The site is well connected to the transportation network through residentialeets, the Light Rail/Trolley (existing line three blocks away) and sidewalks as shown on the maps includedthe application package. The site is properly buffered from the 277 inner loop by 12th street and thequired set backs of the site's zoning category. However, this site will be highly visible to passing traffictering and exiting the uptown Central Business District and associated amenities. The project is planninginclude .5 parking spaces per unit given the elderly residents generally have fewer cars and tend to drive
ss and generate less traffic and burden on the transportation network. The site will have two points ofgress and egress both on residential oriented streets with adequate access and relatively low traffic.
egree of on-site negative features and physical barriers that will impede project construction or adverselyect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, largeulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-itability for residential use and difficulties posed by the building(s), such as limited parking, environmental
oblems or the need for excessive demolition).he proposed site does not have any negative features that would impede development. The site doesave a change in grade dropping approximately 10-15 feet from Caldwell Street toward Brevard Street.owever, this grade change is being used to the projects advantage to create a future development sitescussed below. Parking provided will exceed the zoning requirement. The site does not have any knownnvironmental issues.
milarity of scale and aesthetics/architecture between project and surroundings.
he proposed 4 story mid-rise building at 915 Caldwell will compliment the exisitng urban oriented design ofe 4 story development at 940 Brevard and Alpha Mill. The proposed development will use brick, metal and
ardiplank in a similar method to blend and contrast with the existing environment. The color palate will alsoe implemented in a fashion to distinguish the proposed devlopment's identity but not clash with thexisiting character on the neighborhood.
r each applicable neighborhood feature, enter distance from project in miles.
Grocery Store Community/Senior Center
Mall/Strip Center Hospital
Outdoor Athletic
eldsPharmacy
Day Care/After
choolBasic Health Care
SchoolsPublic Transportation
Stop
Convenience Store Public Parks
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (20 of 22)4/8/2009 1:42:15 PM
6 .3
.3 1.3
79.7
3.2
.1
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Gas Station Library
her facilities or services:
e site location is a few blocks from Charlotte's Central Business District and affords the residents a fullmpliment of services and entertainment opportunities. Museums, theathers, libraries, restaurants,orting events, concert halls and office buildings are within walkable distances from within a 1/2 mile toout one mile. Charlotte' transportation center is about a 1/2 mile from the site offering access to the hubthe Public Transit System. Only a site located in an expanding and vibrant urban condition offers such ade range of options and opportunities for services and amenities.
ttps://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (21 of 22)4/8/2009 1:42:15 PM
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reliminary App Checklist
e following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only undetain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose threct supporting documentation with your application.
Fee PaymentCheck in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary ApplicationPrinted, signed copy of preliminary application generated from online system.
B - Map/Driving InstructionsA local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are prefe
internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the sitshould read SITE with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).D - Evidence of Site ControlProvide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of WorkPreliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work foAdaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensedarchitect or engineer.
F - Information Package for Market AnalystsThis section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) can include any additional market information such as preliminary market studies the applicant would like to provide to theAnalysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.H - Documentation for Basis BoostApplicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable)