Abingdon Terrace

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v1.1.2011 Instructions

INSTRUCTIONS FOR THEVIRGINIA 2011 LIHTC APPLICATION FOR RESERVATION

ThisapplicationwaspreparedusingExcel,MicrosoftOffice2003.PleasenotethatusingtheactiveExcel

workbookdoesnoteliminatetheneedtosubmittherequiredPDFofthesignedhardcopyoftheapplicationand

relateddocumentation.Amoredetailedexplanationofapplicationsubmissionrequirementsisprovided

belowandintheApplicationManual.

An electronic copy of your completed application is a mandatory submission item.ApplicationsFor9%CompetitiveCredits

ApplicantsshouldsubmitanelectroniccopyoftheapplicationpackageonaCDpriortothe

applicationdeadline,whichis 2:00PMRichmondVirginiatimeonMarch11,2011.Failuretosubmitanelectroni

copyoftheapplicationbythedeadlinewillcausetheapplicationtobedisqualified.

Disclaimer:

VHDAassumesnoresponsibilityforanyproblemsincurredinusingthisspreadsheetorforthe

accuracyofthecalculations.Checkyourapplicationforcorrectnessandcompletenessbefore

submittingtheapplicationtoVHDA.

EnteringData:

Enternumbersortextasappropriateintheblankspaceshighlightedinyellow.Allothercellsare

protectedandwillnotallowanychanges.Theformatforcellshasbeensettoaccepttext,currency,

percentages,etc.asappropriate.Enteranynumberwithoutcommasordollarsigns.Enter

percentagesbeginningwithadecimalpoint.Thereisnotextwrap-aroundfeature,socaremustbe

takentoentertextsothatitdoesnotextendbeyondtherightmarginofthepage.Enterinonlyenough

texttofillonelineandthendroptothefirstyellowcellofthenextline.Eachpageoftheapplicationisa

separatesheetinthespreadsheet.Thespreadsheetcontainsnumerouserrorcheckswhichare

designedtoassistyouinidentifyingpotentialmistakesinyourapplication.Pleasenotethatthesemay

appearasyouenterdatabecausemanyaredependentonentrieslaterintheapplication.Donotbe

concernedwiththesemessagesuntilalldatahasbeenentered.Alsonotethatsomecellscontain

errormessagessuchas"#DIV/0!"beforeyoubegin.Thesewarningswilldisappearasyouenter

numbersnecessarytocompletetheapplication.

Assistance:

Ifyouhaveanyquestions,pleasecallJimChandlerat(804)343-5786,DaleWittieat(804)

343-5876,CaraWalloat(804)343-5714,JaynellPittman-Shawat(804)343-5733orRebeccaRowe

at(804)343-5518.Pleasenotethatwecannotreleasethecopyprotectionpassword.

Staff email addresses:[email protected] - dale.wit [email protected]@vhda.com - [email protected] - [email protected]

Please Note:Applicants should submit all application materials in electronic format only.There should be distinct files saved to 1 or more CDs (as needed) which 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 format4. Plans - PDF or other readable electronic format5. 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 or thumb drive.-Do not submit any application materials via [email protected] or to any email addressunless specifically requested by the VHDA Allocation Department staff.


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v1.1.2011

2011 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Vi rginia Housing Development Authority

601 South Belvidere Street

Richmond, Virginia 23220-6500

Deadline for Submission

9% Competitive CreditsApplications Must Be Received At VHDA No Later Than

2:00 PM Richmond, VA Time On March 11, 2011

Tax Exempt BondsApplications should be received at VHDA at least onemonth 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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v1.1.2011 Submission Checklist

Low Income Housing Tax Credit Application for Reservation

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)Scanned Copy of theSigned Tax Credit Application wi th Attachments (excluding market study and plans & specs) (MANDATORY)

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 Specifi cations(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 Qualif ied Census Tract Certi fi cationA.2 Revitalization Area Certif ication

Location MapSurveyor's Certification of Proximity To Public Transportation

Tab B: artners p or perat ng greement, nc u ng c art o owners p structure w t percentage o nterestsTab C: rg n a tate orporat on omm ss on ert cat on

Tab D: r nc pa 's rev ous art c pat on ert cat on an esumTab E: onpro t uest onna re or po nts or poo

The following documents need not be submitted unless requested by VHDA:-Nonprofi t Articles of Incorporation -IRS Documentation of Nonprofit Status-Joint Venture Agreement (i f applicable) -For-profit Consulting Agreement (i f appli cable)

Tab F: rc tect's ert cat on

Tab H: PHA / Section 8 Notif ication LetterTab I: Local CEO LetterTab J: Homeownership PlanTab K: te ontro ocumentat on & ost ecent ea state ax ssessment

Tab L: Plan of Development Certi fi cation LetterTab M: Zoning Certif ication LetterTab N: Copies of 8609s To Certi fy Developer ExperienceTab O: (Reserved)Tab P: ans an pec cat ons an or r te- p (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 asdescribed 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: ttorney's p n on

Tab X: (Reserved)Tab Y: Marketing Plan for units meeting accessibil ity 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 thesubmission in the following order, and actually using tabs to mark them as shown, will facilitate review of your application. Please note that allmandatory items must be included for the application to be processed. The inclusion of other items may increase the number of points for which youare eligible under VHDA's point system of ranking applications, and may assist VHDA in its determination of the appropriate amount of credits that itmay reserve for the development.


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v1.1.2011 Page 1

Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2011-C-90

I . General InformationAll code "Section" references are to, and the term "IRC" shall be deemed to mean, 3/10/2011

the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:

1. Name of Development Abingdon Terrace Apartments

2. Address of Development 526-534 Lowry Drive(Street)

Abingdon Virginia 24210(City) (State) (Zip Code)

3. If complete address is not available, provide longitude and latitude coordinates (x,y) f romlocation on site your surveyor deems appropriate.

Documentation from surveyor attached (TAB A) (Only necessary if street address or street intersections are not available)

4. The Circuit Court Clerk's off ice in which the deed to the property is or will be recorded:City/County of Washington County (ie; Richmond City, Chesterfield County; see application manual)

5. Does the site overlap one or more jurisdictional boundaries? Yes NoIf yes, what other City/County is the site located in besides the one mentioned above? Town of Abingdon

6. Census Tract the development is located in: 51191010500

Is this a Qual if ied Census Tract: Yes No (I f yes, attach requi red form in TAB A)

7. Is the development located in a Dif fi cult Development Area? No If no, applicant may request that the property be treated

as if it is located in a DDA. If so, indicate by checking this box: (Note: This provision i s NOT appli cable to tax exempt bond deals.

8. 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: I f there is an identity of i nterest 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 orother fees associated with acquisition and/or rehab. Yes n/a

b. Applicant has obtained a waiver of this requirement f rom VHDAprior to the appl ication submission deadl ine. Yes n/a

10. Is the development located in a census tract wi th a povertyrate


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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) $216,757

2. Credits requested from:

9% Credits

Nonprofi t Set-Aside (Al l nonprofi t owned developments which meet tests

described in Part II-D hereof may select this)Local Housing Authori ties Richmond MSA Pool

Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool

Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geograph

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 wil l receive federal subsidies for:

all buildings or

some buildings.

D. Type(s) of Allocation/Allocation Year

1. Regular All ocation

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 2011 credits for new construction, or

rehabilitation, or

acquisition and rehabilitation.

2. Carryforward Al location

All of the buildings in the development are expected to be placedin service within two years after the end of this calendar year, 2011, but theowner will have more than 10% basis in the development before the end of twelvemonths foll owing allocation of credits. For those buildings, the owner requestsa carryforward allocation of 2011 credits pursuant to Section 42(h)(1)(E) for:

new construction, or

rehabilitation, or

acquisition and rehabilitation (even if you acquired a building this year and

"placed it i n service" for the purpose of the acquisiti on 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 2012 or 2013).

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-I ncome 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% as s 15,000.00 re a costs 10,000 or ax xempt on s per un t requ rement.

All buildings qualify for an exception to the 10-year rule under IRC Section 42(d)(2)(D)(i),u sect on

u sect on

u sect on

u sect onu sect on

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 di fferent 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 Rehabil itation

Minimum Expenditure Requirements

u ngs n t e eve opment sat s y t e re a costs per un t requ rement oect on 42 e 3 .

u ngs n t e eve opment qua y or t e ect on 42 e 3 except on to t e10% as s requ rement 4% cre t on y .

u ngs n t e eveopment qua y or t e ect on 42 5 except on.

Di fferent circumstances for dif ferent 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 13VAC10-180-6

Proposed development is speciali zed housing designed to meet special needs that cannot readil y 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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I I . OWNERSHIP INFORMATI ON

A. Owner Information:

Name Abingdon Terrace Apartments, L.L.C.

Contact Person First: Robert Middle:Glass Last: Goldsmi th

Address 1173 West Main Street(Street)

ng on rg n a(City) (State) (Zip Code)

Federal I . D. No. TBD (I f not avai lable, obtain prior to Allocation)Phone 276 623 9000 Fax 276 628 2931 Email address [email protected] of entity: Limited Partnership Other Limited Liabil i ty Company

Individual(s) CorporationOwner's organizational documents (e.g. Partnership agreements & ownership structure chart) attached (Manda ory TAB B)

Certi fi cation from Virginia State Corporation Commission attached (Manda ory TAB C)

Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):Names ** Phone Type Ownership % OwnershipPeople Incorporated Housing Group 276 623 9000 Managing Member 90.00%Robert G. Goldsmith 0.00%

0.00%People Incorporated of Virginia 276 623 9000 Special Member 10.00%Robert G. Goldsmith 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 partners ps or corporat ons w c may compr se t ose components.

Principals' Previous Participation Certi fication attached (Mandatory TAB D) & resum.

B. Seller Information:

Name Abingdon House, L.P. Contact Person Robert BradleyAddress 306 McClanahan Street SW; Suite F; PO Box 8187; Roanoke, VA 24014Roanoke, VA 24014 Phone 561-309-3340

Is there an identity of interest between the seller and owner/applicant? Yes NoIf 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 fillin 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 thoseinvolving 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 itssole discretion. IMPORTANT: The Owner name listed on this page must match exactly the owner name listed on the Virginia State Corporation CommissionCertification.

Must be an individual or legally formed entity
mailto:[email protected]:[email protected]


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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 412; Chicago, IL 60607

Phone: 312-491-3324 Fax: 312-421-6162

2. Tax Accountant: Mike Vicars Related Entity? Yes x NoFirm Name: Dooley & Vicars, CPAsAddress: 21 South Sheppard Street; Richmond, VA 23221

Phone: 804-355-2508 Fax: 804-359-3897

3. Consultant: Related Entity? Yes NoFirm Name: Role:Address:

Phone: Fax:

4. Management Entity (Contact): TBD Related Entity? Yes NoFirm Name: TBD - third party management fi rmAddress:Phone: Fax:

5. Contractor (Contact): Robert G. Goldsmith Related Entity? Yes NoFirm Name: People Incorporated of Vi rginiaAddress: 1173 West Main Street; Abingdon, VA 24210

Phone: 276-623-9000 Fax: 276-628-2931

6. Architect: D. Michael Weaver Related Entity? Yes NoFirm Name: People Incorporated of Vi rginiaAddress: 1173 West Main Street; Abingdon, VA 24210

Phone: 276-623-9000 Fax: 276-628-2931

7. Real Estate Attorney: Pete Curcio Related Entity? Yes NoFirm Name: Curcio and Stout, P.C.Address: 600 Commonwealth Avenue; Bristol, VA 24201

Phone: 276-466-3377 Fax: 276-669-4032

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 Cr edit Application For Reservation

D. Nonprofit Involvement:

Tax Credit Nonprofit Pool Applicants: To quali fy f or 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 parti cipate" in the development and operation of the project throughout the compli ance period,2. Must own all general partnership interests in the development .

3. Must not be affi li ated with or controlled by a for-profi t organization.

4. Must not have been formed for the principal purpose of competition in the nonprofi t pool, and

5. Must not have any staff member, or member of the nonprofit's board of directors materiall y parti cipate in the proposed project

as a for-profit entity.

pp can s: o qua y or po nts un er t e ran ng system, t e nonpro t's nvo vement nee not necessar ysatisfy all of the requirements for participation in the nonprofit tax credit pool.

1. Nonprofi t Involvement (Al l Appli cants)If there is no nonprofi t involvement in this development, please indicate by checking here:

and go on to part III

2. Mandatory Questionnaireere s nonpro nvovemen , you mus compe e e on- ro ues onnare

ues onna re a ac e an atory

3. Type of involvementNonprofit meets eligibility requirement for points only, not pool or

Nonprofit meets eli gibili ty requirements for nonprofit pool and points.

4. Identity of Nonprofi t (All nonprofit appli cants)The nonprofit organization involved in this development is:

the Owner

the Applicant (if different from Owner)

Othereop e ncorporate ousng roup

(Name of nonprofit )

o ert . o sm t 1173 West Main Street(Contact Person) (Street Address)

ng on rg n a 24210(City) (State) (Zip code)276-623-9000 276-628-2931

(Phone) (Fax)

5. Percentage of Nonprofi t Ownership (All nonprofit appli cants)Specify the nonprofi t enti ty'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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I I I . DEVELOPMENT INFORMATION

A. Structure and Units:1. Total number of all units in development 32

ota num er o renta un ts n eve opment 32 bedrooms 32um er o ow- ncome renta un ts 32 e rooms 32

Percentage of rental units designated low-income 100.00%

2. e eve opment's structura eatures are c ec a t at app y :

ow ouse own ouse eac e ng e- am y

Garden Apartments Detached Two-family

Slab on Grade Basement

Crawl space Age of Structure: 25evator um er o stor es: 1

3. Number of new units 0 bedrooms 0

um er o a apt ve reuse un ts 0 e rooms 0Number of rehab units 32 bedrooms 32

4. ota oor rea or e nt re eve opment 20,879.36 (Sq. ft.)

. n eae oor rea (Breezeways, Balconies, Storage) . (Sq. ft.)

6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)(Not eligible for funding)

7. Total Usable Residential Heated Area 20,879.36 (Sq. ft.)

8. um er o u ngs conta n ng renta un ts 4

9. Commercial Area Intended Use: N/A10. ro ect cons sts pr mar y o a u ng s w c s are

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 18,536.96

b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 0.00%

B. Building Systems:ease escr e eac o t e o ow ng n t e space prov e .

Community Facil ities: Community Room

Exterior Finish: Brick

Heating/AC System: Heat Pump

Architectural Style: Garden


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C. Amenities:

1. Specify the average size per unit type: (I ncluding pro rata share of heated common area)Assisted Lvg 0.00 SF 1Bdrm Eld 0.00 SF 3-Bdrm Gar 0.00 SF1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 0.00 SF 4-Bdrm Gar 0.00 SF1-Sty 1BR-Eld 652.48 SF Eff-Gar 0.00 SF 2+Sty 2BR TH 0.00 SF1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 0.00 SF 2+Sty 3BR TH 0.00 SFEff-Eld 0.00 SF 2-Bdrm Gar 0.00 SF 2+Sty 4BR TH 0.00 SF

2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:

20,879.36 ocumentat on attac e Mandatory(Sq. f t.)

NOTE: All developments must meet VHDA's MinimumDesign and Construction Requirements.

By signing and submitting the Application For Reservation of Low Income Housing Tax Credits theapplicant certifies that the proposed project budget, plans & specifications and work wri te-ups incorporateall necessary elements to fulfill these requirements.

3. ec t e o ow ng tems w c app y to t e propose pro ect:ocumentat on attac e rc tect ert cat on Mandatory

For any project, upon completion of construction/rehabilitation: (Optional Point items)

0% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms

0% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms

b. A community/meeting room with a minimum of 749 square feet is provided

100.00% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)

d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements

e. All windows meet the EPA's Energy Star qualified program requirements

f. Every unit in the development is heated and cooled with either (i) heat pump equipment with both aSEER rating of 15.0 or more and a HSPF rating of 8.5 or more , or (ii) air conditioning equipmentwith a SEER rating of 15.0 or more, combined with gas furnaces with an AFUE rating of 90% ormore

g. Water expense is sub-metered (the tenant will pay monthly or bi-monthly bil l)

h. Each bathroom consists only of low-f low faucets (2.2 gpm max.) and showerheads (2.5gpm max.)

i. Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice.

j. All water heaters meet the EPA's Energy Star qualified program requirements.

k. Every unit in the development wi ll be heated and cooled with a geothermal heat pump that meets

EPA Energy Star quali fied program requirements.l. The development will have a solar electric system that will remain unshaded year round, be oriented

to within 15 degrees of true south, and be angled horizontally within 15 degrees of latitude.

Expected Total Electrical Load (kilowatt hours per month): 0

Percent of Expected Load Offset By Solar Electric System: 0.00%


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Low I ncome Housing Tax Credit Application For Reservation

or a pro ecs exc usvey serv ng e er y an or an cappe enan s, upon comp e ono cons ruc on re a a on: ( p ona o n ems)

a. All cooking ranges wil l have front controls

. un s w ave an emergency ca sysem

c. Al l bathrooms will have an independent or supplemental heat source

d. Al l entrance doors have two eye viewers, one at 48" and the other at standard height

For all rehabilitation and adaptive reuse projects, upon completion of construction oror rehabilitation: (Optional Point items)

e s ruc ure s s e n v ua y n e a ona eg s er o s or c aces or soca e n a reg s ere s or c s r c an cer e y e ecre ary o e n er or ase ng o s or ca s gn cance o e s r c , an e re a a on w e comp e en suc a manner as o e e g e or s or c re a a on ax cre s

ccess y

ec one or none o e o ow ng po n caegor es, as appropr ae:

For any non-elderly property, or any elderly rehabilitation property, in which the greater of 5 or 10% of the units will be subjectto federal project-based rent subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons;and (ii) the greater of 5 units or 10% of the units will conform to HUD regulations interpreting accessibility requirements ofsection 504 of the Rehabili tation Act; and be actively marketed to people wi th special needs in accordance with a plan submittedas part of the Application. (All of the units described in (ii) above must include roll-in showers and roll under sinks and frontcontrols for ranges, unless agree to by the Authority prior to the applicant's submission of its application). (50 points)

For any non-elderly property, or any elderly rehabilitation property, in which the greater of 5 or 10% of the units (i) have rentswithin HUDs Housing Choice Voucher (HCV ) payment standard; (ii ) conform to HUD regulations interpreting accessibi lityrequirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments,including HCV holders, in accordance with a plan submitted as part the Application. (30 points)

For any non-elderly property, or any elderly rehabilitation property, in which at least four percent (4%) of the units conformto HUD regulations interpreting accessibility requirements of section 504 of the Rehabilitation Act and are activelymarketed to people with mobility impairments in accordance with a plan submitted as part of the Application. (15 points)

Earthcraft or LEED Development CertificationApplicant agrees to obtain Earthcraft or LEED certification prior to issuance of IRS Form 8609. Architectcertifies in the Architect Certification that the development's design will meet the criteria for such certification.

(15 Points)

LEED Silver Certification

Earthcraft Certification - new construction development will be 15% more energy efficient than 2004 IECC.

Earthcraft Certification -rehabilitation development will be 30% more energy efficient post-rehabilitation

(30 Points)

LEED Gold Certification



(45 Points)

LEED Platinum Certification



see ng any po n s assoc a e w or ar cra cer ca on, a ac appropr a e ocumen a on a TAB F

n versa esgn - Units Meeting Universal Design Standards

a. The architect of record certif ies that units wil l be constructed to meet VHDA's Universal Design standards.Yes No es, a ac appropr ae ocumen a on a TAB F

b. Number of Rental Units constructed to meet VHDA's Universal Design standards:32 Units 100%

er e roper y anagemen genwner agrees o use a er e roper y anagemen gen o manage e proper y.

Yes No

Yes No N/A The market-rate units' amenities are substantially equivalent to those of thelow-income units. If no, explain differences:


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IV . TENANT I NFORMATION

A. Set-Aside Election: UNITS SELECTED BELOW I N BOTH COLUMNS DETERMI NE

POINTS FOR THE BONUS POINT CATEGORY

n s rov e er ouse o ype:

# of Units % of Units # of Units % of Units

0 0.00% 40% Area Median 4 12.50% 40% Area Median16 50.00% 50% Area Median 28 87.50% 50% Area Median16 50.00% 60% Area Median 0 0.00% 60% Area Median

. on- n ts . on- n ts32 100.00% Total 32 100.00% Total

Note: Choosing 50% Rents/50% Income Will Not Score Higher Than Choosing 50% Rents/60% Income

B. Special Housing Needs/Leasing Preference:

. o t e ow- ncome un ts w e occup e y e t er or ot o t e o ow ng spec a nee sgroups as defined by the United States Fair Housing Act, so indicate:

Yes Elderly (age 55 or above)

Yes Physically or mentall y 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 physical

displacement 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 publi c 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 li st: Abingdon Redevelopment Housing AuthorityContact person (Name and Title) Michelle Holden, Executive Director

Phone Number 276-628-5661 Required documentation attached (TAB H)

5. If leasing preference will be given to individuals and famil ies 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 least20% of the units must be rent-restricted and occupied by persons whose incomes are 50% or less of the area median income adjusted forfamily 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 morecredits. If you serve lower incomes than required, you receive more points under the ranking system.


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V. LOCAL NEEDS AND SUPPORT

Note: Please refer to the Application Manual for specific instructions and deadlines for pertaining to locality

notification of proposed Low income Housing Tax Credit developments.

A. Provide the name and the address of the chief executive officer (City Manager, Town Manager, orCounty Administrator) of the political jurisdiction in which the development will be located:

Chief Executive Off icer's Name Mark K. ReeterChief Executive Officer's Titl e County Administrator, County Clerk, Zoning Administrator

Street Address 205 Academy Drive Phone 276 525 1300City Abingdon State VA Zip 24210

Name and ti tle of local off icial you have discussed this project with who could answer questions for thelocal CEO: Mark K. Reeter

I f the property overlaps another jurisdiction please fill in the following:Chief Executive Off icer's Name Gregory W. KellyChief Executive Officer's Title Town ManagerStreet Address P.O. Box 789 Phone 276 628 3167City Abingdon State VA Zip 24210

Name and ti tle of local off icial you have discussed this project with who could answer questions for thelocal CEO: Garrett Jackson, Planning Director, Zoning Administrator

B. Project Schedule

ACTUAL OR NAME OF

ACTIVITY ANTICIPATED PERSON

DATE RESPONSIBLE

SiteOption/Contract March, 2011 Robert G. Goldsmith

Site Acquisition June, 2012 Robert G. Goldsmith

Zoning Approval February, 2011 Jen Surber

Site Plan Approval March, 2011 D. Michael WeaverFinancing

A. Construction LoanLoan Application March, 2012 Jen Surber

Conditional Commitment April, 2012 Jen Surber

Firm Commitment April, 2012 Jen Surber

B. Permanent Loan - First LienLoan Application December, 2011 Jen Surber

Conditional Commitment January, 2012 Jen Surber

Firm Commitment February, 2012 Jen Surber

C. Permanent Loan-Second LienLoan Application December, 2011 Jen Surber

Conditional Commitment January, 2012 Jen Surber

Firm Commitment February, 2012 Jen Surber

D. Other Loans & GrantsType & Source, List

Application May, 2012 Jen Surber

Award/Commitment November, 2012 Jen Surber

Formation of Owner May, 2009 Pete Curcio

IRS Approval of Nonprofit Status June, 2003 Robert G. Goldsmi th

Closing and Transfer of Property to Owner June, 2012 Pete Curcio

Plans and Specifications, Working Drawings February, 2012 D. Michael Weaver

Building Permit Issued by Local Government June, 2012 Bryan Ailey

Start Construction July, 2012 Daniel Wilson

Begin Lease-up October, 2013 TBD

Complete Construction October, 2013 Daniel Wi lson

Complete Lease-Up October, 2013 TBD

Credit Placed in Service Date December, 2013 Jen Surber


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Low-Income Housing Tax Cr edit Application For Reservation

VI . SITE CONTROL

A. Type of Site Control by Owner:

pp can con ro s s e y se ec one an a ac ocumen - an a ory

Deed - attached

Long-term Lease - attached (expiration date: )

Option - attached (expiration date: 12/16/11 )

Purchase Contract - attached (expi ration date: )

If more than one site for the development and more than one form of site control, please so indicateand attach a separate sheet specifying each site, number of existing buildings on the site, if any,

type of control of each site, and applicable expiration date of form of site control. A site controldocument is required for each site.

os recen proper y ax assessmen - an atory

B. Timing of Acquisi ion by Owner:Select one:

Owner already controls site by either deed or long-term lease or

Owner is to acquire property by deed (or lease for period no shorter than period propertywill be subject to occupancy restrictions) no later than 06/01/12

If more than one site for the development and more than one expected date of acquisition byOwner, please so indicate and attach separate sheet specif ying each site, number of existingbuildings on the site, if any, and expected date of acquisition of each site by the Owner.

C. Market Study Data:

Obtain the fol lowing information from theMarket Study conducted in connection with this tax credit appli cation and enter below:

Project Wide Capture Rate - LIHTC Units

Project Wide Capture Rate - Market Units

Project Wide Capture Rate - All Units

Project Wide Absorption Period (Months)

7.44%

0.00%

7.44%

3

Note: Site control by the Owner identified herein is a mandatory precondition of review of this application. Documentaryevidence of it, in the form of either a deed, option, purchase contract, or lease for a term longer than the period of time theproperty will be subject to occupancy restrictions must be included herewith. (9% Competitive Credits - An option orcontract must extend beyond the application deadline by a minimum of four months.)

Warning: Site control by an entity other than the Owner, even if it is a closely related party, is not sufficient. Anticipatedfuture transfers to the Owner are not sufficient. The Owner, as identified in Subpart II-A, must have site control at thetime this Application is submitted.

NOTE: If the Owner receives a reservation of credits, the property must be titled in the name of or leased by (pursuant to along-term lease) the Owner before the allocation of credits is made this year.

Contact us before you submit this application if you have any questions about this requirement.


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C. Site Description

1. Exact area of site in acres 4.705

2. Has locali ty 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 quali fy 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 uti li ties, and water, sewer, electri c,

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 dwell ing unit(s);

d. Typical wall section(s) showing footing, foundation, wall and floor structure.

Notes must i ndicate basic materials in structure, f loor and exterior f inish.

4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.


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VI I . OPERATI NG BUDGET

A. Rental Assistance

1. Do or wil l 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: 32

Number of years in rental assistance contract: 1

Expiration date of contract: 01/11/12

Contract or other agreement attached(TAB Q)

B. Utilities1. Monthly Uti li ty Al lowance Calculations

Util ities Type of Util ity Utilities Enter Allowances by Bedroom Size

(Gas, Electric, Oil, etc.) Paid by: 0-bdr 1-bdr 2-bdr 3-bdr 4-br

Heating Electric - all shown on this row Owner x Tenant 0 60 0 0 0

Air Conditioning Electric Owner x Tenant 0 0 0 0 0

Cooking Electric Owner x Tenant 0 0 0 0 0

Lighting Electric Owner x Tenant 0 0 0 0 0

Hot Water Electric Owner x Tenant 0 0 0 0 0

Water x Owner Tenant 0 0 0 0 0

Sewer x Owner Tenant 0 0 0 0 0

Trash x Owner Tenant 0 0 0 0 0

Total uti lity allowance for costs paid by tenant $0 $60 $0 $0 $0

2. Source of Uti li ty Al lowance Calculation(Attach Documentation TAB Q)

HUD

Utility Company (Estimate) Local PHA

Uti li ty Company (Actual Survey) Other: USDA Rural Development


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C. Revenue1. Indicate the estimated monthly income for the Low-I ncome Units: **

Total Number of Total Monthly

Tax Credit Units Rental Income

0 $0

32 $12,524

0 $0

0 $0

0 $0

32

Plus Other Income Source (list): USDA Rental Assistance $2,891

Equals Total Monthly Income: $15,415

Twelve Months x12

Equals Annual Gross Potential Income $184,980

Less Vacancy Allowance ( 7.0% ) $12,949

Equals Annual Effective Gross Income (EGI) - Low Income Units $172,031

** Beginning at Row 75 enter the appropriate data for both tax credit and market rate units in the yellow shaded cells.

2. Indicate the estimated monthly income for the Market Rate Units: **

Total Number of Total MonthlyMarket Units Rental Income

0 $0

0 $0

0 $00 $0

0 $0

Total Number of Market Units 0

Plus Other Income Source (list): $0

Equals Total Monthly Income: $0

Twelve Months x12

Equals Annual Gross Potential Income $0

Less Vacancy Allowance ( 0.0% ) $0

Equals Annual Effective Gross Income (EGI) - Market Rate Units $0

Documentation in Support of Operating Budget attached (TAB R)

List number of units by type: TOTAL UNITS

ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR0 0 0 0 0 0

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH0 0 0 0 0 0

1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD Note: Please be sure to enter the number of units in the0 32 0 appropriate unit category. I f not, you will find an error on

the scoresheet at 5a, 6a & 6b.

List number of units by type: TAX CREDIT UNITS

ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR0 0 0 0 0 0

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH0 0 0 0 0 0

1 St or y-EFF-EL D 1 St or y-1 B R-EL D 1 St or y-2 B R-EL D0 32 0

Efficiency Units

Unit Type / Net Rentable Monthl y Rent Total

Rent Targeting Number Units Square Feet Per Unit Monthly Rent

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

4 Bedroom Units

Unit Type

Unit Type

1 Bedroom Units

2 Bedroom Units

3 Bedroom Units

Total Number of Tax Credit Units

Efficiency Units

4 Bedroom Units

1 Bedroom Units

2 Bedroom Units3 Bedroom Units

Efficiency Units


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v1.1.2011 Page 15

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 -$ -$















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


1 BR - 40% 4 579.28 310$ 1,240$


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v1.1.2011 Page 15

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% 28 579.28 403$ 11,284$

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% 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 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

Total 1-BR Total Monthly 1-BR

Tax Credit Units: 32 18,536.96 Tax Credit Rent: 12,524$

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


1-BR Market Rent: -$

Total 1-BR Units: 32 Total 1-BR Rent 12,524$


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2-Bedroom Units



2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 40% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 50% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$

2 BR - 60% 0 0.00 -$ -$



2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$


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v1.1.2011 Page 15

Total 2-BR



Total 2-BR Units: 0 Total 2-BR Rent -$

3-Bedroom Units



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 -$ -$



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 -$ -$


23/190

v1.1.2011 Page 15

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




4-Bedroom Units



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 -$ -$

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 -$ -$




24/190

v1.1.2011 Page 15

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




Total Units 32 Net Rentable SF: TC Units 18,536.96

MKT Units 0.00

Total NR SF: 18,536.96

100.0000%Floor Space Fraction


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v1.1.2011 Page 16


. perat ng xpenses

Administrative:1. Advertising/Marketing $1,0002. Off ice Salaries3. Office Supplies $2,0004. Office/Model Apartment (type______) $0

5. Management Fee $20,736

12.05% of EGI 648 Per Unit

6. Manager Salaries $16,175

7. Staff Unit (s) (type______) $08. Legal9. Auditing $4,500

10. Bookkeeping/Accounting Fees $011. Telephone & Answering Service $2,00012. Tax Credit Monitoring Fee $64013. Miscellaneous Administrative $2,060

Total Administrative $49,111

Utilities14. Fuel Oil $015. Electricity $5,80016. Water $4,27517. Gas $018. Sewer $2,425

Total Utility $12,500

Operating:19. Janitor/Cleaning Payroll $020. Janitor/Cleaning Supplies $0

21. Janitor/Cleaning Contract $022. Exterminating $023. Trash Removal $2,00024. Security Payroll/Contract $025. Grounds Payroll $3,00026. Grounds Supplies $2,50027. Grounds Contract $2,00028. Maintenance/Repairs Payroll $13,50029. Repairs/Material $5,00030. Repairs Contract $3,50031. Elevator Maintenance/Contract32. Heating/Cooling Repairs & Maintenance $033. Pool Maintenance/Contract/Staff $034. Snow Removal $4,55035. Decorating/Payroll/Contract $4,00036. Decorating Supplies37. Miscellaneous

Operating & M aintenance Totals $40,050

Taxes & I nsurance38. Real Estate Taxes $8,00039. Payroll Taxes $2,40040. Miscellaneous Taxes/Licenses/Permits $041. Property & Liability Insurance $5,50042. Fidelity Bond $5043. Workman's Compensation $30044. Health Insurance & Employee Benefits $3,70045. Other Insurance $0

Total Taxes & Insurance $19,950

6544

Total Operating Expense $121,611

D1. Total Oper. Ex. Per Uni t $3,800 D2. Total Oper. Ex. As % EGI (f rom E3) 70.69%

Replacement Reserves(Total # Units X $300 or $250 New Const. Elderly Minimum) $9,600

Total Expenses $131,211


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E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $172,031

2. Annual EGI Market Units (from C2) + $0

3. Total Effective Gross Income = $172,031

4. Total Expenses (from D) $131,211

5. Net Operating Income = $40,8206. Total Annual Debt Service (from Page 21 B2) - $27,489

7. Cash Flow Available for Distribution = $13,331

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 172,031 175,472 178,981 182,561 186,212

Less Oper. Expenses 131,211 135,147 139,202 143,378 147,679

Net I ncome 40,820 40,325 39,780 39,183 38,533

Less Debt Service 27,489 27,489 27,489 27,489 27,489

Cash Flow 13,331 12,836 12,291 11,694 11,044

Debt Coverage Ratio 1.48 1.47 1.45 1.43 1.40


Eff. Gross Income 189,937 193,735 197,610 201,562 205,593


Net I ncome 37,827 37,063 36,237 35,348 34,393Less Debt Service 27,489 27,489 27,489 27,489 27,489

Cash Flow 10,338 9,573 8,748 7,859 6,904



Eff. Gross Income 209,705 213,899 218,177 222,541 226,992


Net I ncome 33,369 32,273 31,102 29,853 28,523

Less Debt Service 27,489 27,489 27,489 27,489 27,489

Cash Flow 5,880 4,784 3,613 2,364 1,034


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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VI I I . PROJECT BUDGET

A. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through A12. Check if the followingocumentat on s attac e 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 0 0 0 0

B. Site Work 0 0 0 0

C. Geothermal System 0 0 0 0

D. Unit Structures (New) 0 0 0 0

E. Unit Structures (Rehab) 1,084,000 0 0 1,084,000

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) 1,084,000 0 0 1,084,000

L. General Requirements 40,000 0 0 40,000

M. Builder's Overhead 55,880 0 0 55,880

( 5.2% Contract)N. Builder's Profit 55,880 0 0 55,880

( 5.2% Contract)

O. Bonding Fee 0 0 0 0

P. Other 0 0 0 0

Q. Contractor Cost

Subtotal (Sum 1K..1P) $1,235,760 $0 $0 $1,235,760

2. Owner Costs

A. Building Permit 0 0 0 0

B. Arch./Engin. Design Fee 25,000 0 0 25,000

( 781 /Unit)

C. Arch. Supervision Fee 25,000 0 0 25,000

( 781 /Unit)

D. Tap Fees 0 0 0 0E. Soil Borings 0 0 0 0

NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligiblebasis, type of credit and numerical calculations of this Part VIII.


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Amount of Cost up to 100% Includable in

Eligible Basis--Use Applicable Column(s):


Item (A) Cost (B) Acquisi tion (C) Rehab/ "70 % Present


2. Owner Costs Continued

F. Construction Loan 10,000 0 0 10,000Origination Fee

G. Construction Interest 50,000 0 0 50,000

( 0.0% for 0 months)

H. Taxes During Construction 5,000 0 0 5,000

I. Insurance During Construction 6,000 0 0 6,000

J. Cost Certification Fee 7,500 0 0 0

K. Title and Recording 40,000 0 0 40,000

L. Legal Fees for Closing 60,000 15,000 0 10,000

M. Permanent Loan Fee 0 0 0 0

( 0.0% )

N. Other Permanent Loan Fees 0 0 0 0

O. Credit Enhancement 0 0 0 0

P. Mortgage Banker 0 0 0 0

Q. Environmental Study 4,500 0 0 4,500R. Structural/Mechanical Study 0 0 0 0

S. Appraisal Fee 3,500 0 0 3,500

T. Market Study 3,500 0 0 3,500

U. Operating Reserve 79,350 0 0 0

V. Tax Credit Fee 15,923 0 0 0

W. OTHER $61,000 $0 $0 $56,000

(SEE PAGE 19A)

X. Owner Cost

Subtotal (Sum 2A..2W) $396,273 $15,000 $0 $238,500

Subtotal 1 + 2 $1,632,033 $15,000 $0 $1,474,260

(Owner + Contractor Costs)

3. Developer's Fees 359,000 0 0 359,000

4. Owner's Acquisition Costs

Land 94,000

Existing Improvements 1,070,000 1,070,000

Subtotal 4: $1,164,000 $1,070,000

5. Total Development Costs

Subtotal 1+2+3+4: $3,155,033 $1,085,000 $0 $1,833,260

I f this application seeks rehab credits only, in which there is no acquisition and no change in ownership, enter the greater of

appraised value or tax assessment value here: $0 Land

(Attach documentation at Tab K) $0 Building


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Amount of Cost up to 100% Includable in

Eligible Basis--Use Applicable Column(s):


Item (A) Cost (B) Acquisi tion (C) Rehab/ "70 % Present


W. OTHER OWNER COSTS

Contingency Reserve 32,000 0 0 32,000(Rehab or Adaptive Reuse only)

LIST ADDITIONAL ITEMS

Earthcraft Fees 14,000 0 0 14,000

Relocation Expenses 10,000 0 0 10,000

lease up reserve 5,000 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

Subtotal (Other Owner Costs) $61,000 $0 $0 $56,000


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Amount of Cost up to 100% Includable inEligible Basis--Use Appl icable Column(s):

"30 % Present Value Credit"(C) Rehab/ (D)

New "70 % Present

Item (A) Cost (B) Acqui siti on Constructi on V alue Credit"

5. Total Development Costs

Subtotal 1+2+3+4 3,155,033 1,085,000 0 1,833,260

6. Reductions in Eligible Basis

Subtract the following:

A. Amount of federal grant(s) used to finance 0 0 0

qualifying development costs

B. Amount of nonqualified, nonrecourse financing 0 0 0

C. Costs of nonqualifying units of higher quality 0 0 0

(or excess portion thereof)

D. Historic Tax Credit (residential portion) 0 0 0

7. Total Eligible Basis (5 minus 6 above) 1,085,000 0 1,833,260

8. Adjustment(s) to Eligible Basis(For non-acquisiti on costs in eligible basis)

(i) For QCT or DDA (Eligible Basis x 30%) 0 0

(ii) For Earthcraft or LEED Certification 183,326 183,326

Total Adjusted Eligible basis 183,326 2,016,586

9. Applicable Fraction 100.0000% 100.0000% 100.0000%

10. Total Qualified Basis (Same as Part IX-C) 1,085,000 183,326 2,016,586

(Eligible Basis x Applicable Fraction)

11. Applicable Percentage 3.33% 0.00% 9.00%

(For 2011 9% competitive credits, use the March 2011 applicable percentages for acq.)

(For 9% non-competi tive & tax exempt bonds, use the most recently published rates)

12. Maximum Allowable Credit under IRC 42 $36,131 $0 $181,493

(Qualified Basis x Applicable Percentage)

(Same as Part IX-C and equal to or more than $217,623

credit amount requested) Combined 30% & 70% P. V. Credit


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B. Sources of Funds

1. Construction Financing: List individually the sources of construction financing, including any such

loans financed through grant sources:

Date of Date of Amount of

Source of Funds Appli cati on Commitment Funds Name of Contact Person

1. $0

2. $0

3. $0

Commitments or letter(s) of intent attached (TAB T)

2. Permanent Financing: List i ndividually the sources of all permanent f inancing in order of l ien position:

Interest Amortization Term

Date of Date of Amount of Annual Debt Rate of Period of

Source of Funds Appli cati on Commitment Funds Servi ce Cost Loan IN YEARS Loan (years)

1. $0 0.00% 1 1

2. USDA RD 515 $871,314 $24,489 1.00% 35 21

3. HOME $300,000 $3,000 1.00% 1000 20

4. Sponsor Loan - FHLB $228,163 $0 0.00% 30 30

5. $0 $0 0.00% 1000 0

6. $0 $0 0.00% 1000 0

Totals: $1,399,477 $27,489


3. Grants: Li st all grants provided for the development:

Date of Date of Amount of

Source of Funds Appli cati on Commitment Funds Name of Contact Person

1. $0

2. $0

3. $0

4. $0

5. $0

6. $0

Total Permanent Grants: $0



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4. Portion of Syndication Proceeds Attributable to Historic Tax Credit

Amount of Federal histori c credi ts $0 x Equi ty % $0.00 $0

Amount of V irginia hi stori c credi ts $0 x Equity % $0.00 $0

6. Equity that Sponsor wil l Fund:Cash Investment $0

Contributed Land/Building $0 Assessment Attached (TAB S)Deferred Developer Fee $0Other: $0

Equity Total $07. Total of All Sources (B2 + B3 + B4 + B5 + B6) $1,399,477

(not i ncluding syndication proceeds except for historic tax credits)

8. Total Development Cost $3,155,033(From VIII-A5)

9. Less Total Sources of Funds (From B7 above) $1,399,477

10. Equals equity gap to be funded with low-income tax creditproceeds (must equal IX-D3) $1,755,556

C. Syndication Information (I f Applicable)

1. Actual or Anticipated Name of Syndicator Virginia Community Development Corporation

2. Contact Person Chris Sterling Phone (804) 343-1200

3. Street Address 1840 West Broad Street, Suite 200

City Richmond State VA Zip 23227

4. a. Total to be paid by anticipated users of credit (e.g., l imited partners) $1,755,556b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.81c. Percent of ownership entity (e.g., 99% or 99.9%) 99.99%d. Net credit amount anticipated by user of credits $216,735e. Syndication costs not included in VIII-A5 (e.g., advisory fees) $0

5. Net amount which wil l be used to pay for Total Development Cost (4a-4e)

as listed in Part VIII-A5 (same amount as Part IX-D3) $1,755,556

6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $216,757

7. Net Equity Factor [C5 / (C6 X 10)]

(same amount as Part IX-D4) 80.99%

8. Syndication: Public or Private

9. Investors: Individual or Corporate


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D. Recap of Federal, State, and Local Funds/Any Credit Enhancements

1. Are any portions of the sources of funds described above for the development financed directly or indirectlywith Federal, State, or Local Government Funds? Yes NoIf yes, then check the type and list the amount of money involved.

Below-Market Loans Market-Rate Loans

Tax Exempt Bonds $0 Taxable Bonds $0

RD 515 $871,314 Section 220 $0

Section 221(d)(3) $0 Section 221(d)(3) $0

Section 312 $0 Section 221(d)(4) $0

Section 236 $0 Section 236 $0

VHDA SPARC/REACH $0 Section 223(f) $0

HOME Funds $300,000 Other: $0

Other: FHLBA AHP $228,163

Other: $0

Grants Grants

CDBG $0 State $0

UDAG $0 Local $0Other: $0

This means grants to the partnership. If you received a loan financed by a locality which received one of the

listed grants, please list it in the appropriate loan column as "other" and describe the applicable grant program

which funded it.

2. Subsidi zed Funding: list all sources of funding for points. Documentation Attached (TAB T)

Source of Funds Commitment date Funds

1. $0

2. $0

3. $0

4. $0

5. $0

3. Does any of your financing have any credit enhancement? Yes No

If yes, list which financing and describe the credit enhancement:

4. Other Subsidies Documentation Attached (TAB Q)

Real Estate Tax Abatement on the increase in the value of the development.

New project based subsidy from HUD or Rural Development for the greater of 5 or 10% of the units in the development.

Other Subsidies

5. Is HUD approval for transfer of physical asset required?

Yes No

E. For Transactions Using Tax-Exempt Bonds Seeking 4% Credits:

For purposes of the 50% Test, and based only on the data entered to this

application, the portion of the aggregate basis of buildings and land financed with

tax-exempt funds is: N/A


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IX. ADDITIONAL INFORMATION

A. Extended Use Restriction

s eve opment w e su ect to t e stan ar exten e use agreement w c perm ts ear ytermination (after the mandatory 15-year compliance period) of the extended use period.

s eve opment w e su ect to an exten e use agreement n w c t e owner's r g t to any

ear y term nat on o t e exten e use prov s on s wa ve or 25 a t ona years a ter t e 15-year compliance period for a total of 40 years. Do not select if IX.B is checked below.

s eve opment w e su ect to an exten e use agreement n w c t e owner's r g t to anyear y term nat on o t e exten e use prov s on s wa ve or 35 a t ona years a ter t e 15-year compliance period for a total of 50 years. Do not select if IX.B is checked below.

B. Nonprofit/Local Housing Authority Purchase Option/Right of First Refusal

1. ter t e man atory 15-year comp ance per o , a qua e nonpro t as ent e n t eattached nonprofit questionnaire, or local housing authority will have the option to purchaseor t e r g t o rst re usa to acqu re t e eve opment or a pr ce not to excee t e outstan nge t an ex t taxes. o not se ect exten e comp ance s se ecte n . a ove.

Option or Right of First Refusal in Recordable Form Attached (TAB V)

Enter name of qualified nonprofit: People Incorporated Housing Group

2. A qualifi ed nonprofi t or local housing authority submits a homeownership plan committing tosell the units in the development after the mandatory 15-year compliance period to tenants whosencomes s a not excee t e app ca e ncome m t at t e t me o t e r n t a occupancy.o not se ect exten e comp ance s se ecte n . a ove.

Homeownership Plan Attached (TAB J)

NOTE: Each recipient of an allocation of credits will be required to record an extended use agreement asrequired by the IRC governing the use of the development for low-income housing for at least 30 years.However, the IRC provides that, in certain circumstances, such extended use period may be terminated early.


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C. Building-by-Building Information M ust Complete

Qualif ied basis must be determined on a buildi ng-by building basis. Complete the section below. Buildi ng street addresses 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. 8 0 526 Lowry Drive; Abingdon, VA $271,250 12/31/13 3.33% 9,033 $0 0.00% 0 $504,146 12/31/13 9.00% 45,373




5. $0 0.00% 0 $0 0.00% 0 $0 0.00% 06. $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

$1,085,000 $0 $2,016,586

$36,131 $0 $181,493Qualified Basis Totals (must agree with VII I-A 10)

Credit Amount Totals (must agree with VIII-A-12)

NUMBER

OF


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TAX MARKET





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% 0

21. $0 0.00% 0 $0 0.00% 0 $0 0.00% 022. $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 VII I-A 10)


NUMBER

OF


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TAX MARKET





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% 0

37. $0 0.00% 0 $0 0.00% 0 $0 0.00% 038. $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



NUMBER

OF


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TAX MARKET





49. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

50. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

51. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

52. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

53. $0 0.00% 0 $0 0.00% 0 $0 0.00% 054. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

55. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

56. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

57. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

58. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

59. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

60. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

61. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

62. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

63. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

64. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $0



NUMBER

OF


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TAX MARKET





65. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

66. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

67. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

68. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

69. $0 0.00% 0 $0 0.00% 0 $0 0.00% 070. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

71. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

72. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

73. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

74. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

75. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

76. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

77. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

78. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

79. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

80. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $0



NUMBER

OF


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allocati

Abingdon Terrace

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