Epps Senior

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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 the

application deadline, which is 2:00 PM Richmond Virginia time on March 12, 2010. Failure to submit an electron

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.

NEW in 2010Applicants should submit all application materials in electronic format only beginning in 2010There 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 format4. Plans - PDF or other readable electronic format5. S ecifications - PDF or other readable electronic format ma be combined into the same file as th

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:

plans if necessary)

6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic formatNotes: -Do not submit any files on a flash drive.

-Do not submit any application materials via [email protected] or to anyemail address unless

specifically requested by the VHDA Allocation Department staff.

[email protected] - [email protected]

[email protected] - [email protected] - [email protected]/8/2010 Instructions


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2010 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

9% Competitive Credits

v1/8/2010

Virginia Housing Development Authority

601 South Belvidere Street

Richmond, Virginia 23220-6500

pp ca ons us e eceve o a er an2:00 PM Richmond, VA Time On March 12, 2010

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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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) (MANDAT

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 Transportation

Tab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATOTab 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)

Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance inorganizing the submission in the following order, and actually using tabs to mark them as shown, will facilitate review of yourapplication. Please note that all mandatory items must be included for the application to be processed. The inclusion of otheritems may increase the number of points for which you are eligible under VHDA's point system of ranking applications, and mayassist VHDA in its determination of the appropriate amount of credits that it may reserve for the development.

-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 Virginia

Documentation 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: Attorney's Opinion (MANDATORY)Tab X: (Reserved)Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504

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Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2010-C-43

I. General Information

All code "Section" references are to, and the term "IRC" shall be deemed to mean, March 1, 2010

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

A. Development Name and Location:

1. Name of Development Epps Senior Residences

2. Address of Development 401 Kings Fork Road

(Street)Suffolk City VA 23434

(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 Suffolk 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: 754

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? No

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: 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

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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) $750,000

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 SubsidiesThe 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 an

allocation of 2010 credits for new construction, or

rehabilitation, or

acquisition and rehabilitation.

2. Carryforward Allocation

All of the buildings in the development are expected to be placed

in service within two years after the end of this calendar year, 2010, but the

owner will have more than 10% basis in the development before the end of twelve

months following allocation of credits. For those buildings, the owner requests

a carryforward allocation of 2010 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 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 2011 or 2012).

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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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 andexplain for each building.

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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II. OWNERSHIP INFORMATION

A. Owner Information:

Name Epps Senior Residences 2010, L.P.

Contact Person First: Thomas Middle: M Last: Phan

Address 240 Danbury Lane(Street)

Atlanta GA 30327(City) (State) (Zip Code)

Federal I. D. No. (If not available, obtain prior to Allocation)Phone 404 323 5507 Fax 404 228 5630 Email address [email protected]

Type of entity: Limited Partnership Other

Individual(s) CorporationOwner'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 % Ownership

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. Pleasefill 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 (exceptthose 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 byVHDA in its sole discretion. IMPORTANT: The Owner name listed on this page must match exactly the owner name listed on the Virginia State Corporation

Must be an individual or legally formed entity

Epps Senior Residences MMX, GP 757 925 1493 General Partner 100.00%Rev. Willie Royster 757 925 1493 Board Member 0.00%Rev. Daniel Baltimore 757 377 7335 Board Member 0.00%Rev. David Wood 478 745 2366 Board Member 0.00%Rev. Tom Johnson 706 663 2127 Board Member 0.00%Mr. George Mirmelstein 757 874 6767 Board Member 0.00%Mr. Thomas Phan 404 323 5507 Board Member 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 PBN Properties, Inc. Contact Person Mark A. Lackey, Esq.Address 900 Dupont StreetBellingham, WA 98225 Phone 360-734-6390

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%

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C. Development Team Information:

Complete the following as applicable to your development team.

1. Tax Attorney: Johnson Kanady III, Esquire Related Entity? Yes NoFirm Name: Kanady & Quinn, P.CAddress: 9200 Forest Hill Avenue, Suite C, Richmond, VA 23235

Phone: 804 282 8494 Fax: 804 282 8496

2. Tax Accountant: Wendy Langlais - Tilley Related Entity? Yes x NoFirm Name: Reznick GroupAddress: 2002 Summit Blvd, Suite 1000, Atlanta, GA 30319

Phone: 404 847 9447 Fax: 404 250 4065

3. Consultant: Thomas Phan Related Entity? Yes NoFirm Name: Stable Affordable Family Enrichment Role: Co-DeveloperAddress: 2525 Beech Ave., Macon, GA 31204

Phone: (404) 323 5507 Fax: (404) 228 5630

4. Management Entity (Contact): Dick Swift Related Entity? Yes NoFirm Name: Shelter Management CorporationAddress: 13195 Warwick Blvd, Suite 1F, Newport News, VA 23602

Phone: 757 874 7255 Fax: 757 874 0798

5. Contractor (Contact): Gary J. Haste Related Entity? Yes NoFirm Name: Associated Contracting ServicesAddress: 3303 Airline Boulevard, Suite 1F, Portsmouth, VA 23701

Phone: 757 465 1440 Fax: 757 465 1125

6. Architect: Mr. Jackie Martin Related Entity? Yes NoFirm Name: Martin, Riley & AssociatesAddress: 215 Church Street, Decatur, GA 30030

Phone: 404 373 2800 Fax: 404 373 2888

7. Real Estate Attorney: Johnson Kanady III, Esquire Related Entity? Yes NoFirm Name: Kanady & Quinn, P.CAddress: 9200 Forest Hill Avenue, Suite C, Richmond, VA 23235

Phone: 804 282 8494 Fax: 804 282 8496

8. Mortgage Banker: Wallace Deaver Related Entity? Yes NoFirm Name: Wells Fargo Bank, N.AAddress: 9080 Barbee Lane, Suite 106, Knoxville, TN 37923

Phone: 865 692 5326 Fax: 865 692 5327

9. Other (Contact): Related Entity? Yes NoFirm Name: Role:Address:

Phone: Fax:

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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 Questionnaire

If there is nonprofit involvement, you must complete the Non-Profit QuestionnaireQuestionnaire attached (Mandatory TAB E)

3. Type of involvement

Nonprofit meets eligibility requirement for points only, not pool or

Nonprofit meets eligibility requirements for nonprofit pool and points.

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.

4. Identity of Nonprofit (All nonprofit applicants)

The nonprofit organization involved in this development is:

the Owner

the Applicant (if different from Owner)

OtherGLO Community Development Inc. (100% Owner of General Partner Limited Partnership)

(Name of nonprofit)

Rev. Willie Royster(Contact Person) (Street Address)

1800 Mountainside Avenue VA 23434(City) (State) (Zip code)

757 925 1493 757 925 1133

(Phone) (Fax)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)

Specify the nonprofit entity's percentage ownership of the general partnership interest: 100.0%

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III. DEVELOPMENT INFORMATION

A. Structure and Units:

1. Total number ofall units in development 60Total number ofrental units in development 60 bedrooms 82Number of low-income rental units 60 bedrooms 82Percentage 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: 0

Elevator Number of stories: 3

3. Number of new units 60 bedrooms 82

Number of adaptive reuse units 0 bedrooms 0Number of rehab units 0 bedrooms 0

4. Total Floor Area For The Entire Development 57,742.00 (Sq. ft.)

5. n eate oor rea (Breezeways, Balconies, Storage) 1, 55.00 (Sq. ft.)

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

7. Total Usable Residential Heated Area 56,087.00 (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 45,600.00

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: Community Room, Computer/Business Center, Library,

Exercise room, Art & Craft Room, Kitchen, Car Wash, Gazebo, Community Garden

Exterior Finish: Brick (Coverage at 100%)

Heating/AC System: Heat Pump

Architectural Style: Garden Apartments

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C. Amenities:

1. Specify the average size per unit type: (Including pro rata share of heated common area)Assisted Lvg 0.00 SF 1Bdrm Eld 852.76 SF 3-Bdrm Gar 0.00 SF1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 1,076.47 SF 4-Bdrm Gar 0.00 SF1-Sty 1BR-Eld 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 SF

Eff-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:

56,087.00 Documentation attached (TAB F) Mandatory(Sq. ft.)

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

By signing and submitting the Application For Reservation of Low Income Housing Tax Credits the

applicant certifies that the proposed project budget, plans & specifications and work write-ups incorporateall necessary elements to fulfill these requirements.

3. Check the following items which apply to the proposed project:

Documentation attached (TAB F Architect Certification) Mandatory

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

100% 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% 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 a

SEER 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 bill)

h. Each bathroom consists only of low-flow 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 will be heated and cooled with a geothermal heat pump that meets

EPA Energy Star qualified 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 Income Housing Tax Credit Application For Reservation

For all projects exclusively serving elderly and/or handicapped tenants, upon completion

of construction/rehabilitation: (Optional Point items)

a. All cooking ranges will have front controls

b. All units will have an emergency call system

c. All bathrooms will have an independent or supplemental heat source

d. All 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 or

or rehabilitation: (Optional Point items)

The structure is listed individually in the National Register of Historic Places or islocated in a registered historic district and certified by the Secretary of the Interior asbeing of historical significance to the district, and the rehabilitation will be completedin such a manner as to be eligible for historic rehabilitation tax credits

Accessibility

Checkone or none of the following point categories, as appropriate:

For any non-elderly property in which the greater of 5 or 10% of the units will be subject to federal project-based ren

subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons; and (ii) the greater of

units or 10% of the units will conform to HUD regulations interpreting accessibility requirements of section 504 of th

Rehabilitation Act; and be actively marketed to people with special needs in accordance with a plan submitted as part of thApplication. (All of the units described in (ii) above must include roll-in showers and roll under sinks and front controls fo

ranges, unless agree to by the Authority prior to the applicant's submission of its application).

For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUDs Housing Choic

Voucher (HCV) payment standard; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 othe Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, i

accordance with a plan submitted as part the Application.

For any non-elderly property in which at least four percent (4%) of the units conform to HUD regulations interpretingaccessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobilitimpairments in accordance with a plan submitted as part of the Application.

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

Yes - Earthcraft Yes - LEED

If Yes to either, attach appropriate documentation at TAB F

Universal Design - Units Meeting Universal Design Standards

a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.Yes No If Yes, attach appropriate documentation at TAB F

b. Number of Rental Units constructed to meet VHDA's Universal Design standards:60 Units 100%

VHDA Certified Property Management Agent

Owner agrees to use a VHDA Certified Property Management Agent to manage the property.

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 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

6 10.00% 40% Area Median 6 10.00% 40% Area Median0 0.00% 50% Area Median 54 90.00% 50% Area Median54 90.00% 60% Area Median 0 0.00% 60% Area Median

0.00% Non-LMI Units 0.00% Non-LMI Units

60 100.00% Total 60 100.00% 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 needs

Income Levels Rent Levels

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.

groups as e ne y e n e a es a r ous ng c , so n ca e:

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: Suffolk Redevelopment and Housing AuthorityContact person (Name and Title) Clarissa E. McAdoo, Executive Director

Phone Number 757 539 2100 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

0

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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, or

County Administrator) of the political jurisdiction in which the development will be located:

Chief Executive Officer's Name Linda T. Johnson

Chief Executive Officer's Title Mayor

Street Address 441 Market Street Phone 757 514 4060

City Suffolk State VA Zip 23439

Name and title of local official you have discussed this project with who could answer questions for the

local CEO: Linda T. Johnson, Mayor

If the property overlaps another jurisdiction please fill in the following:

Chief Executive Officer's Name

Chief Executive Officer's Title

Street Address Phone

City State Zip

Name and title of local official you have discussed this project with who could answer questions for th

local CEO:

B. Project Schedule

ACTUAL OR NAME OF

ACTIVITY ANTICIPATED PERSON

DATE RESPONSIBLE

Site

Option/Contract March 1, 2010 Thomas Phan

Site Acquisition July 31, 2010 Thomas Phan

Zoning Approval Jan 13, 2010 Thomas Phan

Site Plan Approval Sept 1, 2010 Thomas Phan

Financing

A. Construction Loan

Loan Application June 9, 2010 Thomas Phan

Conditional Commitment June 30, 2010 Thomas Phan

Firm Commitment July 31, 2010 Thomas Phan

B. Permanent Loan - First Lien

Loan Application June 9, 2010 Thomas Phan

Conditional Commitment June 30, 2010 Thomas Phan

Firm Commitment Jul 31, 2010 Thomas Phan

C. Permanent Loan-Second Lien

Loan Application N/A

Conditional Commitment N/A

Firm Commitment N/A

D. Other Loans & Grants

Type & Source, List

Application Dec 13, 2009 Thomas Phan

Award/Commitment Apr 30, 2010 Thomas Phan

Formation of Owner February 22, 2010 Thomas Phan

IRS Approval of Nonprofit Status March 12, 2002 Thomas Phan

Closing and Transfer of Property to Owner Jul 31, 2010 Thomas Phan

Plans and Specifications, Working Drawings Aug 31, 2010 Thomas Phan

Building Permit Issued by Local Government Sept 30, 2010 Thomas Phan

Start Construction Oct 1, 2010 Thomas Phan

Begin Lease-up Jul 4, 2011 Thomas Phan

Complete Construction Dec 31, 2011 Thomas Phan

Complete Lease-Up March 31, 2012 Thomas Phan

Credit Placed in Service Date June 30, 2012 Thomas Phan

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VI. SITE CONTROL

A. Type of Site Control by Owner:

Applicant controls site by (select one and attach document - Mandatory TAB K)

Deed - attached

Long-term Lease - attached (expiration date: )

Option - attached (expiration date: 12/31/10 )

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 or

contract 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.

Purchase Contract - attached (expiration 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.

Most recent property tax assessment - Mandatory TAB K

B. Timing of Acquisition 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 12/31/10

If more than one site for the development and more than one expected date of acquisition byOwner, please so indicate and attach separate sheet specifying 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 following information from the Market Study conducted in connection with this tax credit application 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)

19.30%

0.00%

6.6% (p.13)

18

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C. Site Description

1. Exact area of site in acres 4.200

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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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 Rehabilitation

Section 8 Certificates

Section 8 Project Based Assistance

RD 515 Rental Assistance

Section 8 Vouchers

State Assistance

Other:

3. Number of units receiving assistance: 17

Number of years in rental assistance contract: 5

Expiration date of contract: TBD

Contract or other agreement attached (TAB Q)

B. Utilities

1. 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 Owner x Tenant 0 16 20 0 0

Air Conditioning Owner x Tenant 0 8 12 0 0

Cooking Owner x Tenant 0 8 10 0 0

Lighting Owner x Tenant 0 31 39 0 0

Hot Water Owner x Tenant 0 16 22 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 utility allowance for costs paid by tenant $0 $79 $103 $0 $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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C. Revenue1. Indicate the estimated monthly income for the Low-Income Units: **

Total Number of Total Monthly

Tax Credit Units Rental Income

0 $0

38 $18,446

22 $13,552

0 $0

0 $0

60

Plus Other Income Source (list): LC, Car Wash, Laundry $640

Equals Total Monthly Income: $32,638

Twelve Months x12

Equals Annual Gross Potential Income $391,656

Less Vacancy Allowance ( 7.0% ) $27,416

Equals Annual Effective Gross Income (EGI) - Low Income Unit $364,240

** 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 Monthly

Market Units Rental Income

0 $0

0 $0

0 $0

0 $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-GAR

0 0 40 20 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-TH

0 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 the

0 0 0 appropriate unit category. If 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-GAR

0 0 40 20 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-TH

0 0 0 0 0 0

1 Story-EFF-ELD 1 Story-1 BR-ELD 1 Story-2 BR-ELD

0 0 0

Efficiency Units

Unit Type / Net Rentable Monthly 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 -$ -$

Efficiency - 40% 0 0.00 -$ -$

4 Bedroom Units

1 Bedroom Units

2 Bedroom Units

3 Bedroom Units

Efficiency Units

4 Bedroom Units

Unit Type

Unit Type

1 Bedroom Units

2 Bedroom Units

3 Bedroom Units

Total Number of Tax Credit Units

Efficiency Units

v12.31.09 Page 15


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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 - 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 -$ -$Efficiency - Market 0 0.00 -$ -$

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


v12.31.09 Page 15


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1 BR - 40% 6 676.00 429$ 2,574$

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% 31 676.00 512$ 15,872$

1 BR - 50% 1 751.00 -$ -$

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: 38 25,763.00 Tax Credit Rent: 18,446$

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: 38 Total 1-BR Rent 18,446$v12.31.09 Page 15


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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% 5 896.00 616$ 3,080$

2 BR - 50% 4 885.00 616$ 2,464$

2 BR - 50% 13 909.00 616$ 8,008$

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 -$ -$


Tax Credit Units: 22 19,837.00 Tax Credit Rent: 13,552$

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 -$ -$v12.31.09 Page 15


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2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

Total 2-BR



Total 2-BR Units: 22 Total 2-BR Rent 13,552$

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 -$ -$v12.31.09 Page 15


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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 -$ -$

Total 3-BR



Total 3-BR Units: 0 Total 3-BR Rent -$

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 -$ -$v12.31.09 Page 15


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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 4-BR Units: 0 Total 4-BR Rent -$

Total Units 60 Net Rentable SF: TC Units 45,600.00

MKT Units 0.00

Total NR SF: 45,600.00

100.0000%Floor Space Fraction

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D. Operating Expenses

Administrative:

1. Advertising/Marketing $5,000

2. Office Salaries $0

3. Office Supplies $3,000

4. Office/Model Apartment (type______) $0

5. Management Fee $19,199

5.27% of EGI 319.9833333 Per Unit

6. Manager Salaries $23,000

7. Staff Unit (s) (type______) $08. Legal $2,400

9. Auditing $0

10. Bookkeeping/Accounting Fee $6,000

11. Telephone & Answering Servic $6,000

12. Tax Credit Monitoring Fee $1,800

13. Miscellaneous Administrativ $0

Total Administrative $66,399

Utilities

14. Fuel Oil $0

15. Electricity $12,000

16. Water $21,546

17. Gas $0

18. Sewer $11,914

Total Utility $45,460

Operating:

19. Janitor/Cleaning Payroll $25,000

20. Janitor/Cleaning Supplie $6,00021. Janitor/Cleaning Contract $0

22. Exterminating $6,000

23. Trash Removal $4,500

24. Security Payroll/Contract $0

25. Grounds Payroll $0

26. Grounds Supplies $0

27. Grounds Contract $10,000

28. Maintenance/Repairs Payroll $0

29. Repairs/Material $0

30. Repairs Contract $0

31. Elevator Maintenance/Contract $11,700

32. Heating/Cooling Repairs & Maintenance $0

33. Pool Maintenance/Contract/Staff $0

34. Snow Removal $0

35. Decorating/Payroll/Contract $0

36. Decorating Supplies $0

37. Miscellaneous $0

Operating & Maintenance Totals $63,200

Taxes & Insurance

38. Real Estate Taxes $54,600

39. Payroll Taxes $6,000

40. Miscellaneous Taxes/Licenses/Permit $0

41. Property & Liability Insuranc $8,000

42. Fidelity Bond $0

43. Workman's Compensation $900

44. Health Insurance & Employee Benefit $0

45. Other Insurance $0

Total Taxes & Insurance $69,500

6544

Total Operating Expense $244,559

D1. Total Oper. Ex. Per Unit $4,076 D2. Total Oper. Ex. As % EGI (from E3) 67.14%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $15,000

Total Expenses $259,559

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E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $364,240

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

3. Total Effective Gross Income = $364,240

4. Total Expenses (from D) $259,559

5. Net Operating Income = $104,6816. Total Annual Debt Service (from Page 21 B2) - $83,196

7. Cash Flow Available for Distribution = $21,485

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 364,240 371,525 378,955 386,534 394,265Less Oper. Expenses 259,559 267,346 275,366 283,627 292,136

Net Income 104,681 104,179 103,589 102,907 102,129

Less Debt Service 83,196 83,196 83,196 83,196 83,196

Cash Flow 21,485 20,983 20,394 19,712 18,934

Debt Coverage Ratio 1.26 1.25 1.25 1.24 1.23


Eff. Gross Income 402,150 410,193 418,397 426,765 435,301

Less Oper. Expenses 300,900 309,927 319,225 328,802 338,666

Net Income 101,250 100,266 99,173 97,964 96,635


Cash Flow 18,055 17,071 15,977 14,768 13,439



Eff. Gross Income 444,007 452,887 461,944 471,183 480,607

Less Oper. Expenses 348,826 359,290 370,069 381,171 392,606

Net Income 95,181 93,596 91,875 90,012 88,001


Cash Flow 11,985 10,401 8,680 6,817 4,805


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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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 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"

1. Contractor Cost

A. Off-Site Improvements 75,000 0 0

B. Site Work 450,000 0 0 450,000

C. Geothermal System 0 0 0 0

D. Unit Structures (New) 4,447,692 0 0 4,447,692

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.

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 20,000 0 0 20,000

I. Commercial Space Costs 0 0 0 0

J. Structured Parking Garage 0 0 0 0

K. Subtotal A: (Sum 1A..1J) 4,992,692 0 0 4,917,692

L. General Requirements 299,062 0 0 299,062M. Builder's Overhead 99,854 0 0 99,854

( 2.0% Contract)

N. Builder's Profit 299,562 0 0 299,562

( 6.0% Contract)

O. Bonding Fee 74,890 0 0 74,890

P. Other 0 0 0 0

Q. Contractor Cost

Subtotal (Sum 1K..1P) $5,766,060 $0 $0 $5,691,060

2. Owner Costs

A. Building Permit 7,400 0 0 7,400

B. Arch./Engin. Design Fee 110,400 0 0 110,400

( 1,840 /Unit)

C. Arch. Supervision Fee 27,600 0 0 27,600

( 460 /Unit)

D. Tap Fees 575,000 0 0 575,000

E. Soil Borings 6,200 0 0 6,200

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2. Owner Costs Continued

F. Construction Loan 90,000 0 0 90,000

Origination Fee

G. Construction Interest 360,000 0 0 360,000

( 6.0% for 12 months)

H. Taxes During Construction 75,000 0 0 75,000

I. Insurance During Construction 8,000 0 0 8,000

J. Cost Certification Fee 10,000 0 0 10,000

K. Title and Recording 3,000 0 0 3,000

L. Legal Fees for Closing 20,750 0 0 20,750

M. Permanent Loan Fee 17,952 0 0 0

( 1.5% )

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 5,000 0 0 5,000

R. Structural/Mechanical Study 0 0 0 0

S. Appraisal Fee 10,000 0 0 10,000

T. Market Study 12,000 0 0 12,000

U. Operating Reserve 122,280 0 0 0

V. Tax Credit Fee 53,250 0 0 0

W. OTHER $116,696 $0 $0 $15,098

(SEE PAGE 19A)

X. Owner Cost

Subtotal (Sum 2A..2W) $1,630,527 $0 $0 $1,335,448

Subtotal 1 + 2 $7,396,587 $0 $0 $7,026,508

(Owner + Contractor Costs)

3. Developer's Fees 910,000 0 0 910,000

4. Owner's Acquisition Costs

Land 0

Existing Improvements 0 0

Subtotal 4: $0 $0

5. Total Development Costs

Subtotal 1+2+3+4: $8,306,587 $0 $0 $7,936,508

If 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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W. OTHER OWNER COSTS

Contingency Reserve 0 0 0 0

(Rehab or Adaptive Reuse only)

LIST ADDITIONAL ITEMS

Survey 5,098 0 0 5,098

Debt Service Reserve 41,598 0 0 0

Marketing 50,000 0 0 0

Legal - Formation 10,000 0 0 10,000

Legal - Opinion 10,000 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

Subtotal (Other Owner Costs) $116,696 $0 $0 $15,098

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"30 % Present Value Credit"

(C) Rehab/ (D)

New "70 % Present

Item (A) Cost (B) Acquisition Construction Value Credit"

5. Total Development Costs

Subtotal 1+2+3+4 8,306,587 0 0 7,936,508

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) 0 0 7,936,508

. us men s o g e as s or non-acqu s t on costs n e g e as s

(i) For Earthcraft or LEED Certification AND 60 Bonus Points 0 396,825

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

Total Adjusted Eligible basis 0 8,333,333

9. Applicable Fraction 100.0000% 100.0000% 100.0000%

10. Total Qualified Basis (Same as Part IX-C) 0 0 8,333,333

(Eligible Basis x Applicable Fraction)

11. Applicable Percentage 9.00%

(For 2010 9% competitive credits, use the March 2010 applicable percentages for acq.)

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

12. Maximum Allowable Credit under IRC 42 $0 $0 $750,000

(Qualified Basis x Applicable Percentage)

(Same as Part IX-C and equal to or more than $750,000

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 Application Commitment Funds Name of Contact Person1. Wells Fargo 06/09/10 07/31/10 $6,000,000 Wallace Deaver

2. $0

3. $0

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

2. Permanent Financing: List individually the sources of all permanent financing in order of lien position:

Interest Amortization Term

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

Source of Funds Application Commitment Funds Service Cost Loan IN YEARS Loan (years)

1. Wells Fargo 06/09/10 07/31/10 $1,126,000 $83,196 6.25% 30 30

2. SAFE (Soft Loan, Due at 06/09/10 07/31/10 $1,998,490 $0 0.00% 1000 0

3. $0 $0 0.00% 1000 0

4. $0 $0 0.00% 1000 0

5. $0 $0 0.00% 1000 0

6. $0 $0 0.00% 1000 0

Totals: $3,124,490 $83,196

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

3. Grants: List all grants provided for the development:

Date of Date of Amount of

Source of Funds Application Commitment Funds Name of Contact Person

1. $0

2. $0

3. $0

4. $0

5. $0

6. $0

Total Permanent Grants: $0

omm tments or etter s o ntent attac e

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4. Portion of Syndication Proceeds Attributable to Historic Tax Credit

Amount of Federal historic credits $0 x Equity % $0.00 $0

Amount of Virginia historic credits $0 x Equity % $0.00 $0

6. Equity that Sponsor will Fund:

Cash Investment $0

Contributed Land/Building $0 Assessment Attached (TAB S)

Deferred Developer Fee

Other: $0

Equity Total $0

7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $3,124,490

(not including syndication proceeds except for historic tax credits)

8. Total Development Cost $8,306,587

(From VIII-A5)

9. Less Total Sources of Funds (From B7 above) $3,124,490

10. Equals equity gap to be funded with low-income tax credit

proceeds (must equal IX-D3) $5,182,097

C. Syndication Information (If Applicable)

1. Actual or Anticipated Name of Syndicator Raymond James Tax Credit Funds

2. Contact Person Craig Descalzi Phone 8004388088

3. Street Address 880 Carillon Parkway, Dpt 11V00

City St Petersburg State FL Zip 33716

4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $5,182,100

b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.69

c. Percent of ownership entity (e.g., 99% or 99.9%) 99.99%

d. Net credit amount anticipated by user of credits $749,925

e. Syndication costs not included in VIII-A5 (e.g., advisory fees) $0

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

as listed in Part VIII-A5 (same amount as Part IX-D3) $5,182,100

6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $750,000

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

(same amount as Part IX-D4) Must be equal to or greater than 85% 69.09%

8. Syndication: Public or Private

9. Investors: Individual or Corporate

Weighted Average Credit Price Calculation

Exchange Component 40% $0.85 $0.34

Market Component 60% $0.69 $0.41

Weighted Average Credit Price: $0.75

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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 indirectly

with Federal, State, or Local Government Funds? Yes No

If 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 $0 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 $0 Other: $0

Other: SAFE $1,998,490

Other: $0

Grants Grants

CDBG $0 State $0

UDAG $0 Local $0

Other: $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. Subsidized 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. $05. $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)

Section 8 Rent Supplement or Rental Assistance Payment

Tax Abatement

Other

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

This development will be subject to the standard extended use agreement which permits earlytermination (after the mandatory 15-year compliance period) of the extended use period.

This development will be subject to an extended use agreement in which the owner's right to anyearly termination of the extended use provision is waived for 25 additional years after the 15-year compliance period for a total of 40 years. Do not select if IX.B is checked below.

This development will be subject to an extended use agreement in which the owner's right to anyearly termination of the extended use provision is waived for 35 additional years after the 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. After the mandatory 15-year compliance period, a qualified nonprofit as identified in the

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.

,or the right of first refusal to acquire the development for a price not to exceed the outstandingdebt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancingis approved by the nonprofit. Do not select if extended compliance is selected in IX.A above.

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

Enter name of qualified nonprofit: GLO Community Development, Inc.

2. A qualified nonprofit or local housing authority submits a homeownership plan committing tosell the units in the development after the mandatory 15-year compliance period to tenants whoseincomes shall not exceed the applicable income limit at the time of their initial occupancy.Do not select if extended compliance is selected in IX.A above.

Homeownership Plan Attached (TAB J)

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C. Building-by-Building Information Must Complete

Qualified basis must be determined on a building-by building basis. Complete the section below. Building street addresses are required by the IRS (must h

allocation request).

30% Present Value 30% Present Value

Credit for Acquisition Credit for Construction

TAX MARKET

CREDIT RATE Actual or Actual or

UNITS UNITS Estimate Anticipated Estimate Anticipated

Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit

ing # Address Basis Date Percentage Amount Basis Date Percentage Amount

1. 60 0 401 Kings Fork Road, Suffolk, VA 23 $0 0.00% 0 $0 0.00% 0

2. $0 0.00% 0 $0 0.00% 0

3. $0 0.00% 0 $0 0.00% 0

4. $0 0.00% 0 $0 0.00% 0

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

6. $0 0.00% 0 $0 0.00% 0

7. $0 0.00% 0 $0 0.00% 0

8. $0 0.00% 0 $0 0.00% 0

9. $0 0.00% 0 $0 0.00% 0

10. $0 0.00% 0 $0 0.00% 0

11. $0 0.00% 0 $0 0.00% 0

12. $0 0.00% 0 $0 0.00% 0

13. $0 0.00% 0 $0 0.00% 0

NUMBER

OF

. . .

15. $0 0.00% 0 $0 0.00% 0

16. $0 0.00% 0 $0 0.00% 0

$0 $0

$0 $0 Qualified Basis Totals (must agree with VIII-A10)

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

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TAX MARKET





17. $0 0.00% 0 $0 0.00% 0

18. $0 0.00% 0 $0 0.00% 0

19. $0 0.00% 0 $0 0.00% 0

20. $0 0.00% 0 $0 0.00% 0

21. $0 0.00% 0 $0 0.00% 0

22. $0 0.00% 0 $0 0.00% 0

23. $0 0.00% 0 $0 0.00% 0

24. $0 0.00% 0 $0 0.00% 0

25. $0 0.00% 0 $0 0.00% 0

26. $0 0.00% 0 $0 0.00% 0

27. $0 0.00% 0 $0 0.00% 0

28. $0 0.00% 0 $0 0.00% 0

29. $0 0.00% 0 $0 0.00% 0

NUMBER

OF

. . .

31. $0 0.00% 0 $0 0.00% 0

32. $0 0.00% 0 $0 0.00% 0

$0 $0

$0 $0Qualified Basis Totals (must agree with VIII-A10)


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TAX MARKET





33. $0 0.00% 0 $0 0.00% 0

34. $0 0.00% 0 $0 0.00% 0

35. $0 0.00% 0 $0 0.00% 0

36. $0 0.00% 0 $0 0.00% 0

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

38. $0 0.00% 0 $0 0.00% 0

39. $0 0.00% 0 $0 0.00% 0

40. $0 0.00% 0 $0 0.00% 0

41. $0 0.00% 0 $0 0.00% 0

42. $0 0.00% 0 $0 0.00% 0

43. $0 0.00% 0 $0 0.00% 0

44. $0 0.00% 0 $0 0.00% 0

45. $0 0.00% 0 $0 0.00% 0

NUMBER

OF

. . .

47. $0 0.00% 0 $0 0.00% 0

48. $0 0.00% 0 $0 0.00% 0

$0 $0



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TAX MARKET





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

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

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

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

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

54. $0 0.00% 0 $0 0.00% 0

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

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

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

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

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

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

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

NUMBER

OF

. . .

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

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

$0 $0



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TAX MARKET





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

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

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

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

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

70. $0 0.00% 0 $0 0.00% 0

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

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

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

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

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

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

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

7

NUMBER

OF

. . .

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

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

$0 $0



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TAX MARKET





81. $0 0.00% 0 $0 0.00% 0

82. $0 0.00% 0 $0 0.00% 0

83. $0 0.00% 0 $0 0.00% 0

84. $0 0.00% 0 $0 0.00% 0

85. $0 0.00% 0 $0 0.00% 0

86. $0 0.00% 0 $0 0.00% 0

87. $0 0.00% 0 $0 0.00% 0

88. $0 0.00% 0 $0 0.00% 0

89. $0 0.00% 0 $0 0.00% 0

90. $0 0.00% 0 $0 0.00% 0

91. $0 0.00% 0 $0 0.00% 0

92. $0 0.00% 0 $0 0.00% 0

93. $0 0.00% 0 $0 0.00% 0

NUM

Epps Senior

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