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INSTRUCTIONS FOR THE
VIRGINIA 2010 LIHTC APPLICATION FOR RESERVATION
This application was prepared using Excel, Microsoft Office 2003. Please note that using the active Excel
workbook does not eliminate the need to submit the required PDF of the signed hardcopy of the application and
related documentation. A more detailed explanation of application submission requirements is provided
below and in the Application Manual.
An electronic copy of your completed application is a mandatory submission item.
Applications For 9% Competitive Credits
Applicants should submit an electronic copy of the application either on CD or by email, or both, prior to theapplication deadline, which is 2:00 PM Richmond Virginia time on March 12, 2010. Failure to submit an electroni
copy of the application by the deadline will cause the application to be disqualified.
Applications For Tax Exempt Bond Credits
Applicants should submit an electronic copy of the application either on CD or by email, or both, at the at the tim
of application submission. Applications will not be processed until an electronic copy is received.
Disclaimer:
VHDA assumes no responsibility for any problems incurred in using this spreadsheet or for theaccuracy of the calculations. Check your application for correctness and completeness before
submitting the application to VHDA.
Entering Data:
Enter numbers or text as appropriate in the blank spaces highlighted in yellow. All other cells are
protected and will not allow any changes. The format for cells has been set to accept text, currency,
percentages, etc. as appropriate. Enter any number without commas or dollar signs. Enter
percentages beginning with a decimal point. There is no text wrap-around feature, so care must be
taken to enter text so that it does not extend beyond the right margin of the page. Enter in only enough
text to fill one line and then drop to the first yellow cell of the next line. Each page of the application is a
separate sheet in the spreadsheet. The spreadsheet contains numerous error checks which are
designed to assist you in identifying potential mistakes in your application. Please note that these may
appear as you enter data because many are dependent on entries later in the application. Do not be
concerned with these messages until all data has been entered. Also note that some cells contain
error messages such as "#DIV/0!" before you begin. These warnings will disappear as you enter
numbers necessary to complete the application.
Assistance:
If you have any questions, please call Jim Chandler at (804) 343-5786, Dale Wittie at (804)
343-5876, Cara Wallo at (804) 343-5714, Jaynell McFarland at (804) 343-5733 or Debbie Griner
at (804) 343-5518. Please note that we cannot release the copy protection password.
Staff email addresses:[email protected] - [email protected]
[email protected] - [email protected] - [email protected]
NEW in 2010
Applicants should submit all application materials in electronic format only beginning in 2010
There should be 6 distinct files saved to 1 or more CDs and should include the following:
1. Application For Reservation the active Microsoft Excel workbook2. A PDF file which includes the following:
- Application For Reservation Signed version of hardcopy
- All application attachments (i.e. tab documents, excluding market study and plans & specs)
3. Market Study PDF or Microsoft Word format
4. Plans - PDF or other readable electronic format
5. Specifications - PDF or other readable electronic format (may be combined into the same file as the plans if
necessary)
6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic format
Notes: -Do not submit any files on a flash drive.
-Do not submit any application materials via [email protected] or to any email address
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2010 Federal Low Income Housing
Tax Credit Program
Application For Reservation
Virginia Housing Development Authority
601 South Belvidere Street
Richmond, Virginia 23220-6500
Deadline for Submission
9% Competitive Credits
Applications Must Be Received At VHDA No Later Than 2:00
PM Richmond, VA Time On March 12, 2010
Tax Exempt Bonds
Applications should be received at VHDA at least one month
before the bonds are priced (if bonds issued by VHDA), or 75
days before the bonds are issued (if bonds are not issued by
VHDA)
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Low Income Housing Tax Credit Application for Reservation
Electronic Copy of the Microsoft Excel Based Application (MANDATORY)
Scanned Copy of the Signed Tax Credit Application with Attachments (excluding market study and plans & specs) (MANDATO
Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)
Electronic Copy of the Plans (MANDATORY)
Electronic Copy of the Specifications (MANDATORY)
Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)
$750 Application Fee (MANDATORY)
Tab A: Documentation of Development Location:
A.1 Qualified Census Tract CertificationA.2 Revitalization Area Certification
Location MapSurveyor's Certification of Proximity To Public TransportationTab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATORY
Tab C: Virginia State Corporation Commission Certification (MANDATORY)
Tab D: Principal's Previous Participation Certification and Resum (MANDATORY)
Tab E: Nonprofit Questionnaire (MANDATORY for points or pool)
The following documents need not be submitted unless requested by VHDA:-Nonprofit Articles of Incorporation -IRS Documentation of Nonprofit Status-Joint Venture Agreement (if applicable) -For-profit Consulting Agreement (if applicable)
Tab F: Architect's Certification (MANDATORY)
Tab H: PHA / Section 8 Notification LetterTab I: Local CEO LetterTab J: Homeownership PlanTab K: Site Control Documentation & Most Recent Real Estate Tax Assessment (MANDATORY)
Tab L: Plan of Development Certification LetterTab M: Zoning Certification LetterTab N: Copies of 8609s To Certify Developer ExperienceTab O: (Reserved)Tab P: Plans and Specifications and Work Write-Up (MANDATORY)
Tab Q: Documentation of Rental AssistanceTab R: Documentation of Operating BudgetTab S: Documentation of Project BudgetTab T: Documentation of Financing SourcesTab U:
Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population
Documentation of site location in an urban development area as defined in 15.2-2223.1of the Code of VirginiaDocumentation of the development participating in a locally adopted affordable housing dwelling unit program area as
described in either 15.2-2304 or 15.2-2305 of the Code of Virginia
Tab V: Nonprofit or LHA Purchase Option or Right of First RefusalTab W: Attorney's Opinion (MANDATORY)
Tab X: (Reserved)Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504
Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance in organizing the
submission in the following order, and actually using tabs to mark them as shown, will facilitate review of your application. Please note that
all mandatory items must be included for the application to be processed. The inclusion of other items may increase the number of points for
which you are eligible under VHDA's point system of ranking applications, and may assist VHDA in its determination of the appropriate
amount of credits that it may reserve for the development.
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Low-Income Housing Tax Credit Application For Reservation
VHDA TRACKING NUMBER 2010-C-77
I. General InformationAll code "Section" references are to, and the term "IRC" shall be deemed to mean, March 11, 2010
the Internal Revenue Code of 1986, as amended. (Date of Application)
A. Development Name and Location:
1. Name of Development Tranquility at the Lakes
2. Address of Development 5827 Burton Station Road
(Street)Virginia Beach Virginia 23455
(City) (State) (Zip Code)
3. If complete address is not available, provide longitude and latitude coordinates (x,y) from
location on site your surveyor deems appropriate.
Documentation from surveyor attached (TAB A) (Only necessary if street address or street intersections are not available.
(Coordinates should be the same as those listed on pg 13, if applicable)
4. The Circuit Court Clerk's office in which the deed to the property is or will be recorded:
City/County of Virginia Beach City (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? Yes No
If yes, what other City/County is the site located in besides the one mentioned above?
6. Census Tract the development is located in: 51810040200
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
7. Is the development located in a Difficult Development Area? No8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)Note to #9: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in
this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or
rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. Yes n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. Yes n/a
10. Is the development located in a census tract with a poverty
rate
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Low Income Housing Tax Credit Application For Reservation
C. Reservation Request
1. Total annual credit amount request (Must be the same as Part IX-D8) $395,000
2. Credits requested from:
9% Credits
Nonprofit Set-Aside (All nonprofit owned developments which meet tests
described in Part II-D hereof may select this)Local Housing Authorities Richmond MSA Pool
Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool
Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geographi
Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)
Tax Exempt Bonds
new construction, or
rehabilitation, or
acquisition and rehabilitation.
Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
D. Type(s) of Allocation/Allocation Year
1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request anallocation of 2008 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.
2. Carryforward Allocation
All of the buildings in the development are expected to be placedin service within two years after the end of this calendar year, 2009, but theowner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requestsa carryforward allocation of 2009 credits pursuant to Section 42(h)(1)(E) for:
new construction, or
rehabilitation, oracquisition and rehabilitation (even if you acquired a building this year and
"placed it in service" for the purpose of the acquisition credit, you cannot receive
the 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 2010 or 2011).
3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
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Low-Income Housing Tax Credit Application For Reservation
E. Acquisition Credit Information
NOTE: If no credits are being requested for existing buildings being acquired for the development,
so indicate and go on to Part F: No Acquisition
Ten-Year Rule For Acquisition Credits
All buildings satisfy the 10-year look-back rule of IRC Section 42 (d)(2)(B), including the10% basis/ 15,000.00 rehab costs ( 10,000 for Tax Exempt Bonds) per unit requirement.
All buildings qualify for an exception to the 10-year rule under IRC Section 42(d)(2)(D)(i),Subsection (I)
Subsection (II)
Subsection (III)
Subsection (IV)Subsection (V)
The 10-year rule in IRC Section 42 (d)(2)(B) for all buildings does not apply pursuant to IRC Section 42(d)(6).
Different circumstances for different buildings: Attach a separate sheet and explain for each building.
F. Rehabilitation Credit Information
NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go
on to Section II. No Rehabilitation
Minimum Expenditure Requirements
All buildings in the development satisfy the rehab costs per unit requirement of IRCSection 42(e)(3)(A)(ii).
All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the10% basis requirement (4% credit only).
All buildings in the development qualify for the IRC Section 42(f)(5)(B)(ii)(II) exception.
Different circumstances for different buildings. Attach a separate sheet andexp a n or eac u ng.
G. Request For Exception
The proposed new construction development (including adaptive reuse and rehabilitation that creates additional rental
space) is subject to an assessment of up to minus 20 points for being located in a pool identified by the Authority as a poo
with little or no increase in rent burdened population. N/A - Does not apply to this proposed development.
Applicant seeks an exception to this restriction in accordance with one of the following provisions under 13VAC10-180-
Proposed development is specialized housing designed to meet special needs that cannot readily be addressed
utilizing existing residential structures. Documentation Attached (TAB U)
Proposed development is designed to serve as a replacement for housing being demolished through
redevelopment. Documentation Attached (TAB U)
Proposed development is housing that is an integral part of a neighborhood revitalization project sponsored by
a local housing authority. Documentation Attached (TAB U)
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Low-Income Housing Tax Credit Application For Reservation
II. OWNERSHIP INFORMATION
A. Owner Information:
Name SUL Tranquility Lakes, LLC
Contact Person First: Angela Middle: Last: Whitehead
Address 453 Longdale Crescent(Street)
Chesapeake VA 23325(City) (State) (Zip Code)
Federal I. D. No. TBD (If not available, obtain prior to Allocation)Phone 757-737-3713 Fax 757-424-1545 Email address [email protected]
Type of entity: Limited Partnership Other Limited Liability Company
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements & ownership structure chart) attached (Mandatory TAB B)Certification from Virginia State Corporation Commission attached (Mandatory TAB C)
Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):Names ** Phone Type Ownership % OwnershipSeniors Unlimited Lifestyles, Inc. 757-737-3713 Member 100.00%
Angela Whitehead, CEO 0.00%0.00%0.00%0.00%0.00%0.00%
This should be 100% of the GP or managing member interest: 100.00%
** These should be the names of individuals who comprise the GP or managing members, not simply the names ofseparate partnerships or corporations which may comprise those components.
Principals' Previous Participation Certification attached (Mandatory TAB D) & resum.
B. Seller Information:
Name Mr. Willie Martin Contact Person sameAddress 3632 Pamlico CircleNorfolk, VA 23513 Phone 757-724-0711
Is there an identity of interest between the seller and owner/applicant? Yes No
If yes, complete the following:
Principal(s) involved (e.g. general partners, controlling shareholders, etc.)
Names Phone Type Ownership % Ownership
0.00%
0.00%
0.00%
0.00%
NOTE: VHDA may allocate credits only to the tax-paying entity which owns the development at the time of the allocation. The term "Owner" herein refers to that entity. Please fill in the legal name of
the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except those involving the admission of limited partners)
prior to the placed-in-service date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its sole discretion. IMPORTANT: The Owner name listed on
this page must match exactly the owner name listed on the Virginia State Corporation Commission Certification.
Must be an individual or legally formed entity
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Low-Income Housing Tax Credit Application For Reservation
C. Development Team Information:
Complete the following as applicable to your development team.
1. Tax Attorney: Tom Thorne-Thomsen Related Entity? Yes NoFirm Name: Applegate & Thorne-ThomsenAddress: 322 South Green Street, Suite 400; Chicago, IL 60607
Phone: 312-421-8400 Fax: 312-421-6162
2. Tax Accountant: Michael Vicars Related Entity? Yes NoFirm Name: Dooley & Vicars CPAs, L.L.P.Address: 21 South Sheppard Street; Richmond, VA 23220
Phone: 804-355-2808 Fax: 800-555-4322
3. Consultant: Related Entity? Yes NoFirm Name: Role:Address:
Phone: Fax:
4. Management Entity (Contact): Angela Whitehead Related Entity? Yes NoFirm Name: Seniors Unlimited Lifestyles, Inc.Address: 453 Longdale Crescent; Chesapeake, VA 23325
Phone: 757-737-3713 Fax:
5. Contractor (Contact): TBD Related Entity? Yes NoFirm Name:Address:
Phone: Fax:
6. Architect: William F. Deal, Jr. Related Entity? Yes NoFirm Name: Pentecost Deal and Associates Architects
Address: 407 Janaf Office Building; Norfolk, VA 23502Phone: 757-466-8881 Fax: 757-455-6073
7. Real Estate Attorney: James A. Leftwich, Jr. Related Entity? Yes NoFirm Name: Basnight, Kinser, Telfeyan, Leftwich & Nuckolls, P.C.Address: 308 Cedar Lakes Drive; Chesapeake, VA 23322
Phone: 757-382-4157 Fax: 757-382-5624
8. Mortgage Banker: Related Entity? Yes NoFirm Name:Address:
Phone: Fax:
9. Other (Contact): Related Entity? Yes NoFirm Name: Role:Address:
Phone: Fax:
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Low-Income Housing Tax Credit Application For Reservation
D. Nonprofit Involvement:
Tax Credit Nonprofit Pool Applicants: To qualify for the nonprofit pool, an organization described in IRC Section 501
(c)(3) or 501 (c)(4) and exempt from taxation under IRC Section 501 (a), whose purposes include the fostering of low-income housing:
1. Must "materially participate" in the development and operation of the project throughout the compliance period,2. Must own all general partnership interests in the development .
3. Must not be affiliated with or controlled by a for-profit organization.
4. Must not have been formed for the principal purpose of competition in the nonprofit pool, and
5. Must not have any staff member, or member of the nonprofit's board of directors materially participate in the proposed project
as a for-profit entity.
All Applicants: To qualify for points under the ranking system, the nonprofit's involvement need not necessarily
satisfy all of the requirements for participation in the nonprofit tax credit pool.
1. Nonprofit Involvement (All Applicants)If there is no nonprofit involvement in this development, please indicate by checking here:
and go on to part III
2. Mandatory QuestionnaireIf there is nonprofit involvement, you must complete the Non-Profit Questionnaire
Questionnaire attached (Mandatory TAB E)
3. Type of involvementNonprofit meets eligibility requirement for points only, not pool or
Nonprofit meets eligibility requirements for nonprofit pool and points.
4. Identity of Nonprofit (All nonprofit applicants)The nonprofit organization involved in this development is:
the Owner
the Applicant (if different from Owner)
OtherSeniors Unlimited Lifestyles, Inc.
(Name of nonprofit)
Angela Whitehead 453 Longdale Crescent(Contact Person) (Street Address)
Chesapeake VA 23325(City) (State) (Zip code)757-737-3713 757-424-1545
(Phone) (Fax)
5. Percentage of Nonprofit Ownership (All nonprofit applicants)Specify the nonprofit entity's percentage ownership of the general partnership interest: 100.0%
Applications For 9% Credits - Must be completed in order to compete in the nonprofit tax credit pool.
All Applicants - Must be completed for points for nonprofit involvement under the ranking system.
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Low-Income Housing Tax Credit Application For Reservation
III. DEVELOPMENT INFORMATION
A. Structure and Units:1. Total number ofall units in development 40
Total number ofrental units in development 40 bedrooms 52Number of low-income rental units 40 bedrooms 52Percentage of rental units designated low-income 100.00%
2. The development's structural features are (check all that apply):
Row House/Townhouse Detached Single-family
Garden Apartments Detached Two-family
Slab on Grade Basement
Crawl space Age of Structure: new
Elevator Number of stories: 3
3. Number of new units 40 bedrooms 52Number of adaptive reuse units 0 bedrooms 0Number of rehab units 0 bedrooms 0
4. Total Floor Area For The Entire Development 42,041.00 (Sq. ft.)
5. n eate oor rea (Breezeways, Balconies, Storage) 4,723.00 (Sq. ft.)
6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)(Not eligible for funding)
7. Total Usable Residential Heated Area 37,318.00 (Sq. ft.)
8. Number of Buildings (containing rental units) 1
9. Commercial Area Intended Use:
10. Project consists primarily of a building(s) which is (are) :(CHOOSE ONLY ONE)
Low-Rise (1-5 stories with any structural elements made of wood)
Mid-Rise (5-7 stories with no structural elements made of wood)
High-Rise (8 or more stories with no structural elements made of wood)
11. a. Total Net Rental Square Feet 27,457.48
b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 100.00%
B. Building Systems:Please describe each of the following in the space provided.
Community Facilities: Large first floor community room and other community spaces
Exterior Finish: Brick and vinyl
Heating/AC System: Energy-efficient electric heat pump with air conditioning
Architectural Style: Blend of traditional / modern
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Low-Income Housing Tax Credit Application For Reservation
IV. TENANT INFORMATION
A. Set-Aside Election: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE
POINTS FOR THE BONUS POINT CATEGORY
Units Provided Per Household Type:
# of Units % of Units # of Units % of Units
0 0.00% 40% Area Median 4 10.00% 40% Area Median8 20.00% 50% Area Median 4 10.00% 50% Area Median
32 80.00% 60% Area Median 32 80.00% 60% Area Median0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
40 100.00% Total 40 100.00% Total
B. Special Housing Needs/Leasing Preference:
1. If 100% of the low-income units will be occupied by either or both of the following special needsgroups as defined by the United States Fair Housing Act, so indicate:
Yes Elderly (age 55 or above)
Yes Physically or mentally disabled persons (must meet the requirements of the federalAmericans with Disabilities Act)
2. Specify the number of low-income units that will serve individuals and families with children byproviding three or more bedrooms: Number of units 0% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or physicaldisplacement on those tenants be minimized, in which Owners agree to abide by the Authority's RelocationGuidelines for LIHTC properties.
4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8waiting list, so indicate:
Yes
No
Locality has no such waiting list; If yes, provide the following information:
Organization which holds such waiting list: City of Virginia BeachContact person (Name and Title) Dale Gravett, Housing Administrator
Phone Number 757-385-5745 Required documentation attached (TAB H)
5. If leasing preference will be given to individuals and families with children.(Less than or equal to 20% of the units must have 1 or less bedrooms).
Yes
No
Income Levels Rent Levels
0
Note: In order to qualify for any tax credits, a development must meet one of two minimum threshold occupancy tests. Either (i) at least 20% of the units
must be rent-restricted and occupied by persons whose incomes are 50% or less of the area median income adjusted for family size (this is called the 20/50
test) or (ii) at least 40% of the units must be rent-restricted and occupied by persons whose incomes are 60% or less of the area median income adjusted
for family size (this is called the 40/60 test), all as described in Section 42 of the IRC. Rent-and income-restricted units are known as low-income units.If you have more low-income units than required, you qualify for more credits. If you serve lower incomes than required, you receive more points under
the ranking system.
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Low-Income Housing Tax Credit Application For Reservation
C. Site Description
1. Exact area of site in acres 1.570
2. Has locality approved a final site plan or plan of development?
Yes No
Required documentation form attached (TAB L)
3. Is site properly zoned for the proposed development?
Yes No
Required documentation form attached (TAB M)
4. Will the proposal seek to qualify for points associated with proximity to public transportation?
Yes No
Required documentation form attached (TAB A)
D. Plans and Specifications
Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)
1. A location map with property clearly defined.
2. Sketch plan of the site showing overall dimensions of main building(s), major site elements
(e.g., parking lots and location of existing utilities, and water, sewer, electric,
gas in the streets adjacent to the site). Contour lines and elevations are not required.
3. Sketch plans of main building(s) reflecting overall dimensions of:
a. Typical floor plan(s) showing apartment types and placement
b. Ground floor plan(s) showing common areas;
c. Sketch floor plan(s) of typical dwelling unit(s);
d. Typical wall section(s) showing footing, foundation, wall and floor structure.
Notes must indicate basic materials in structure, floor and exterior finish.
4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.
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Low-Income Housing Tax Credit Application For Reservation
VII. OPERATING BUDGET
A. Rental Assistance
1. Do or will any low-income units receive rental assistance?
Yes No
2. If yes, indicate type of rental assistance:
Section 8 New Construction Substantial Rehabilitation
Section 8 Moderate RehabilitationSection 8 Certificates
Section 8 Project Based Assistance
RD 515 Rental Assistance
Section 8 Vouchers
State Assistance
Other:
3. Number of units receiving assistance: 0
Number of years in rental assistance contract: 0
Expiration date of contract:
Contract or other agreement attached (TAB Q)
B. Utilities1. Monthly Utility Allowance Calculations
Utilities Type of Utility Utilities Enter Allowances by Bedroom Size
(Gas, Electric, Oil, etc.) Paid by: 0-bdr 1-bdr 2-bdr 3-bdr 4-br
Heating Electric Owner X Tenant 0 8 10 0
Air Conditioning Electric Owner X Tenant 0 7 0
Cooking Electric Owner X Tenant 0 5 6 0
Lighting Electric Owner X Tenant 0 33 38 0
Hot Water Electric Owner X Tenant 0 10 14 0
Water X Owner Tenant 0 0 0 0
Sewer X Owner Tenant 0 0 0 0
Trash X Owner Tenant 0 0 0 0
Total utility allowance for costs paid by tenant $0 $60 $75 $0 $
2. Source of Utility Allowance Calculation (Attach Documentation TAB Q)
HUD
Utility Company (Estimate) Local PHA
Utility Company (Actual Survey) Other:
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Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 40% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 50% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$
Efficiency - 60% 0 0.00 -$ -$Total Efficiency Total Monthly Eff.
Tax Credit Units: 0 0.00 Tax Credit Rent: -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$Efficiency - Market 0 0.00 -$ -$
Efficiency - Market 0 0.00 -$ -$
Total Efficiency
Market Units: 0 0.00 Total Monthly
Eff. Market Rent: -$
Total Eff. Units: 0 Total Eff. Rent -$
1-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent
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1 BR - 40% 4 575.74 440$ 1,760$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 40% 0 0.00 -$ -$
1 BR - 50% 4 575.74 550$ 2,200$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 50% 0 0.00 -$ -$
1 BR - 60% 8 570.83 635$ 5,080$
1 BR - 60% 12 575.74 635$ 7,620$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
1 BR - 60% 0 0.00 -$ -$
Total 1-BR Total Monthly 1-BR
Tax Credit Units: 28 16,081.44 Tax Credit Rent: 16,660$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
1 BR - Market 0 0.00 -$ -$
Total 1-BR
Market Units: 0 0.00 Total Monthly
1-BR Market Rent: -$
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2 BR - Market 0 0.00 -$ -$
2 BR - Market 0 0.00 -$ -$
2 BR - Market 0 0.00 -$ -$
2 BR - Market 0 0.00 -$ -$
Total 2-BR
Market Units: 0 0.00 Total Monthly
2-BR Market Rent: -$
Total 2-BR Units: 12 Total 2-BR Rent 8,880$
3-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 40% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 50% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
3 BR - 60% 0 0.00 -$ -$
Total 3-BR Total Monthly 3-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: -$
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3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
3 BR - Market 0 0.00 -$ -$
Total 3-BR
Market Units: 0 0.00 Total Monthly
3-BR Market Rent: -$
Total 3-BR Units: 0 Total 3-BR Rent -$
4-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 40% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$
4 BR - 50% 0 0.00 -$ -$4 BR - 50% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
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4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
4 BR - 60% 0 0.00 -$ -$
Total 4-BR Total Monthly 4-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
4 BR - Market 0 0.00 -$ -$
Total 4-BR
Market Units: 0 0.00 Total Monthly
4-BR Market Rent: -$
Total 4-BR Units: 0 Total 4-BR Rent -$
Total Units 40 Net Rentable SF: TC Units 27,457.48
MKT Units 0.00
Total NR SF: 27,457.48
100.0000%Floor Space Fraction
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Low-Income Housing Tax Credit Application For Reservation
D. Operating Expenses
Administrative:
1. Advertising/Marketing $1,500
2. Office Salaries $0
3. Office Supplies $1,000
4. Office/Model Apartment (type______) $0
5. Management Fee $17,225
5.87% of EGI 430.625 Per Unit
6. Manager Salaries $15,000
7. Staff Unit (s) (type______) $08. Legal $1,500
9. Auditing $3,750
10. Bookkeeping/Accounting Fees $3,000
11. Telephone & Answering Service $1,750
12. Tax Credit Monitoring Fee $1,200
13. Miscellaneous Administrative $1,500
Total Administrative $47,425
Utilities
14. Fuel Oil $0
15. Electricity $7,500
16. Water $12,000
17. Gas $0
18. Sewer $14,000
Total Utility $33,500
Operating:
19. Janitor/Cleaning Payroll $0
20. Janitor/Cleaning Supplies $0
21. Janitor/Cleaning Contract $7,50022. Exterminating $2,750
23. Trash Removal $5,000
24. Security Payroll/Contract $7,500
25. Grounds Payroll $0
26. Grounds Supplies $0
27. Grounds Contract $9,000
28. Maintenance/Repairs Payroll $12,500
29. Repairs/Material $7,500
30. Repairs Contract $0
31. Elevator Maintenance/Contract $0
32. Heating/Cooling Repairs & Maintenance $4,000
33. Pool Maintenance/Contract/Staff $0
34. Snow Removal $1,000
35. Decorating/Payroll/Contract $1,000
36. Decorating Supplies $0
37. Miscellaneous $1,000
Operating & Maintenance Totals $58,750
Taxes & Insurance
38. Real Estate Taxes $27,000
39. Payroll Taxes $1,500
40. Miscellaneous Taxes/Licenses/Permits $0
41. Property & Liability Insurance $14,000
42. Fidelity Bond $1,000
43. Workman's Compensation $0
44. Health Insurance & Employee Benefits $1,500
45. Other Insurance $0
Total Taxes & Insurance $45,000
6544
Total Operating Expense $184,675
D1. Total Oper. Ex. Per Unit $4,617 D2. Total Oper. Ex. As % EGI (from E3) 62.94%
Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $12,000
Total Expenses $196,675
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Low-Income Housing Tax Credit Application For Reservation
E. Cash Flow (First Year)
1. Annual EGI Low-Income Units from (C1) $293,396
2. Annual EGI Market Units (from C2) + $0
3. Total Effective Gross Income = $293,396
4. Total Expenses (from D) $196,675
5. Net Operating Income = $96,721
6. Total Annual Debt Service (from Page 21 B2) - $77,931
7. Cash Flow Available for Distribution = $18,791
F. Projections for Financial Feasibility - 15 Year Projections of Cash Flow
Stabilized
Year 1 Year 2 Year 3 Year 4 Year 5
Eff. Gross Income 293,396 299,264 305,250 311,355 317,582Less Oper. Expenses 196,675 202,575 208,653 214,912 221,359
Net Income 96,721 96,689 96,597 96,443 96,222
Less Debt Service 77,931 77,931 77,931 77,931 77,931
Cash Flow 18,791 18,759 18,667 18,512 18,292
Debt Coverage Ratio 1.24 1.24 1.24 1.24 1.23
Year 6 Year 7 Year 8 Year 9 Year 10
Eff. Gross Income 323,933 330,412 337,020 343,761 350,636
Less Oper. Expenses 228,000 234,840 241,885 249,142 256,616Net Income 95,933 95,572 95,135 94,619 94,020
Less Debt Service 77,931 77,931 77,931 77,931 77,931
Cash Flow 18,003 17,641 17,204 16,688 16,089
Debt Coverage Ratio 1.23 1.23 1.22 1.21 1.21
Year 11 Year 12 Year 13 Year 14 Year 15
Eff. Gross Income 357,649 364,802 372,098 379,540 387,130
Less Oper. Expenses 264,315 272,244 280,412 288,824 297,489
Net Income 93,334 92,557 91,686 90,716 89,642
Less Debt Service 77,931 77,931 77,931 77,931 77,931
Cash Flow 15,403 14,627 13,756 12,785 11,711
Debt Coverage Ratio 1.20 1.19 1.18 1.16 1.15
Estimated Annual Percentage Increase in Revenue 2.00% (Must be < 2%)
Estimated Annual Percentage Increase in Expenses 3.00% (Must be > 3%)
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Low-Income Housing Tax Credit Application For Reservation
VIII. PROJECT BUDGET
A. Cost/Basis/Maximum Allowable Credit
Complete cost column and basis column(s) as appropriate through A12. Check if the followingdocumentation is attached at TAB S:
Executed Construction ContractExecuted Trade Payment Breakdown
AppraisalOther Cost DocumentationEnvironmental Studies
Amount of Cost up to 100% Includable inEligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
1. Contractor Cost
A. Off-Site Improvements 200,000 0 0 0
B. Site Work 600,000 0 0 0
C. Geothermal System 0 0 0 0
D. Unit Structures (New) 2,790,000 0 0 2,790,000
E. Unit Structures (Rehab) 0 0 0 0
F. Solar Electric System 0 0 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 3,590,000 0 0 2,790,000
L. General Requirements 150,000 0 0 150,000
M. Builder's Overhead 150,000 0 0 150,000
( 4.2% Contract)
N. Builder's Profit 125,000 0 0 125,000
( 3.5% Contract)
O. Bonding Fee 45,000 0 0 45,000
P. Other 0 0 0 0
Q. Contractor Cost
Subtotal (Sum 1K..1P) $4,060,000 $0 $0 $3,260,000
2. Owner Costs
A. Building Permit 40,000 0 0 40,000
B. Arch./Engin. Design Fee 135,000 0 0 135,000
( 3,375 /Unit)
C. Arch. Supervision Fee 100,000 0 0 100,000
( 2,500 /Unit)
D. Tap Fees 360,000 0 0 360,000
E. Soil Borings 25,000 0 0 25,000
NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible basis, type of
credit and numerical calculations of this Part VIII.
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Low-Income Housing Tax Credit Application For Reservation
Amount of Cost up to 100% Includable in
Eligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
W. OTHER OWNER COSTS
Contingency Reserve 0 0 0 0(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Allocation Fee 20,000 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Subtotal (Other Owner Costs) $20,000 $0 $0 $0
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Low-Income Housing Tax Credit Application For Reservation
C. Building-by-Building Information Must Complete
Qualified basis must be determined on a building-by building bas is. Complete the section below. Building street address es are required by the IRS (must have them by the time of
allocation request).
30% Present Value 30% Present Value
Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
1. 40 0 5827 Burton Station Rd., Virginia Be $0 0.00% 0 $0 0.00% 0 $4,889,250 12/31/12 9.00% 440,033
2. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
3. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
4. $0 0.00% 0 $0 0.00% 0 $0 0.00% 05. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
6. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
7. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
8. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
9. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
10. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
11. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
12. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
13. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
14. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
15. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
16. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $4,889,250
$0 $0 $440,033Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
NUMBER
OF
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Low-Income Housing Tax Credit Application For Reservation
C. Building-by-Building Information Must Complete
Qualified basis must be determined on a building-by building bas is. Complete the section below. Building street address es are required by the IRS (must have them by the time of
allocation request).
30% Present Value 30% Present Value
Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
17. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
18. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
19. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
20. $0 0.00% 0 $0 0.00% 0 $0 0.00% 021. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
22. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
23. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
24. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
25. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
26. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
27. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
28. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
29. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
30. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
31. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
32. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
NUMBER
OF
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Low-Income Housing Tax Credit Application For Reservation
C. Building-by-Building Information Must Complete
Qualified basis must be determined on a building-by building bas is. Complete the section below. Building street address es are required by the IRS (must have them by the time of
allocation request).
30% Present Value 30% Present Value
Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
33. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
34. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
35. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
36. $0 0.00% 0 $0 0.00% 0 $0 0.00% 037. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
38. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
39. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
40. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
41. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
42. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
43. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
44. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
45. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
46. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
47. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
48. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
NUMBER
OF
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Low-Income Housing Tax Credit Application For Reservation
C. Building-by-Building Information Must Complete
Qualified basis must be determined on a building-by building bas is. Complete the section below. Building street address es are required by the IRS (must have them by the time of
allocation request).
30% Present Value 30% Present Value
Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
81. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
82. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
83. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
84. $0 0.00% 0 $0 0.00% 0 $0 0.00% 085. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
86. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
87. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
88. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
89. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
90. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
91. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
92. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
93. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
94. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
95. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
96. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
NUMBER
OF
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