LIHTC Nuts & Bolts

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LIHTC Nuts & Bolts. The Application and the QAP. The QAP. Virginia Housing Development Authority prepares, annually, a Qualified Allocation Plan, or QAP, which governs Virginia ’ s Low-Income Housing Tax Credit program. - PowerPoint PPT Presentation

Transcript of LIHTC Nuts & Bolts

  • LIHTC Nuts & BoltsThe Application and the QAP

  • The QAPVirginia Housing Development Authority prepares, annually, a Qualified Allocation Plan, or QAP, which governs Virginias Low-Income Housing Tax Credit program.VHDA is required to provide opportunities for public input into the development of the annual QAP:Earlier today, VHDA held the 2015 QAP Focus Group meeting.The 2015 QAP Public Hearing will be held on September 18, 2014 and VHDA will continue to accept public comments through this date.The VHDA Board is scheduled to approve the 2015 QAP on October 1, 2014.

  • The QAPPlease see the 2015 draft QAP.This QAP will establish guidelines and priorities for the use of Low-Income Housing Tax Credits in 2015, including, for 9% applications:Credit pools;Cost limits;Program priorities; and,Credit allocation process.QAP also provides information on credits for projects supported by tax-exempt bonds (4% credits).

  • The QAPProposed credit pools:Nonprofit Pool 15%Local Housing Authority Pool 15%NOVA New Construction Pool 15%NOVA Pool 18.02%Northwest / North Central Pool 9.20%Richmond MSA Pool 11.63%Tidewater MSA Pool 17.00%Balance of State 14.15%Amount of total credits to be determined by VHDA may mirror credit amounts from 2014 - $14 million.Credit amount adjusted by pre-allocations to prior years (including to Noncompetitive pools), by returned credits, and by credits available from a National pool.

  • The QAPNonprofit-sponsored applications compete, first, in the Nonprofit pool and, if unsuccessful in securing credits, then compete in the geographic pools.LHA applications complete only in the LHA pool and do not compete in the geographic pools.Applications targeted for partial funding within the geographic pools are placed in the Tier One At-Large pool and are, among the projects not safely funded, the most likely to be funded if additional credits are allocated by VHDA.Projects not funded in the geographic pools are placed in the Tier Two At-Large pool and are generally not funded.See 2014 Final Rankings.

  • The QAPSet-Asides within the Virginia program:The Nonprofit PoolThe Local Housing Authority PoolDevelopments for Persons with DisabilitiesAnnual non-competitive pool of up to 6% of Virginias annual credit amount.Reserved from the following years allocation.

  • The QAPVHDA has established cost limits for total development costs which, if exceeded by a project, would disqualify the project for credits:Inner Northern Virginia New construction or adaptive reuse - $335,475 / unit (with additional $37,275 for underground or structured parking for each unit)Rehabilitation - $292,875 / unitOuter Northern Virginia New construction or adaptive reuse - $249,210 / unitRehabilitation - $175,725 / unitRemainder of Virginia New construction or adaptive reuse - $186,375 / unitRehabilitation - $143,775 / unit

  • The QAPVirginia program priorities:Cost containment beyond the cost limits, projects that cost less and use fewer credits are preferred.Geographic priorities:Discouraging construction of new apartments in no growth localities.Basis boost for QCT and DDA.Incentive for projects targeted for census tracts with low poverty rates and no other LIHTC projects.Experience and readiness preference for developers with a history of utilizing Low-Income Housing Tax Credits or for developments, promoted by experienced developers or not, that have approved development plans.Green building reward projects that secure green construction certifications EarthCraft or LEED primarily.

  • The QAPVirginia program priorities:AccessibilityLimit on elderly projectsDeeper income and rent targetingFunding commitments local funding and subsidized sourcesAmenities

  • LIHTC A Primer The Virginia ProgramIMPORTANT DATES 01/28/2015- CEO notification letter info must be submitted online to VHDA BY 2:00PM (Failure to submit will result in a 50 point penalty). 03/06/2015-Application for Reservation and Market Study deadline

  • LIHTC A Primer The Virginia ProgramIMPORTANT DATES

    04/01/2015- CEO support letter deadline

    05/05/2015-Preliminary Rankings05/29/2015-Announcement of final rankings

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    a. Signed, completed applicationYY or NElectronic Copy of application and attachments on CD, Flashdrive)

    b. Duplicate copy of applicationYY or N

    c. Partnership AgreementYY or NLegal Partnership or operating agreement with ORG Chart showing ownership structure identifying each principal and ownership interest. d. SCC CertificationYY or NCertification by Virginia State Corporation Commission stating ownership entity is authorized to transact business in Virginia. See VHDA Sample Documente. Previous participation formYY or NFill out VHDA form and attach resume of each principal of the general partnership or limited liability company.

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    f. Site control documentYY or NMust be in the name of the tax credit ownership entity identified in the application and documented to remain in place for a minimum of four months beyond the reservation application deadlineg. Architect's CertificationYY or NThe Architect of Record certifies that all square footages, unit and site amenities indicated in the Application are incorporated into the development plans, specifications or unit-by-unit work write-up, and that all products necessary to fulfill these representations are available. . Must use VHDA Formh. Attorney's Opinion (VHDA form) YY or NTo be filled out by Attorney

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    i. Non-Profit Questionnaire (if Applicant/Developer is a Non-Profit Organization) YY or NSubmit if applicant is eligible to compete in the Non-Profit Pool and/or receive points for non-profit involvement,

    1. READINESSa. Plan of DevelopmentN0 or 40

    Have local official complete and sign VHDAs Plan of Development Certification form, which states that the final site plan has been approved or is not required. Use VHDA Form.b. Zoning ApprovalN0 or 40Have local official complete sign and date VHDA Zoning Certification letter which states that the site has proper zoning. Use VHDA Form.

    Total:

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:a. VHDA notification letter to CEO Y0 or -50Owner provides contact information for the Locality CEO and Mayor or Chairman of the Board of Supervisors, plus information about the proposed development, that will be used by VHDA to complete notification letters to inform the CEO and Mayor/Chairman of the Board of Supervisors of the planned LIHTC property in his/her jurisdiction. Deadline for submission 1/29/15Failure to submit this information by the 9% competitive deadline will result in a 50-point penalty against the Reservation Application.

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:b. Local CEO Letter (Y,NC,N)Y0 or -25A letter of support or no comment from the locality will qualify the application for 0 points. A letter that is submitted in opposition to the development may cause the application to receive a negative 25 points (-25) if it states that the development is inconsistent with current zoning or other applicable land use regulations.

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    2. HOUSING NEEDS CHARACTERISTICS:c. Location in a revitalization areaN0 or 30To qualify for revitalization area points, documentation must be one of the following: Owner/Applicant certifies that the development is located in a redevelopment project, conservation project or rehab district, pursuant to Title 36, Chapter 1 of the Code of Virginia, Provide documentation from the locality of the type of development that will be encouraged, the potential sources of funding and services to be offered. OR Evidence that the development is subject to a plan using Hope VI funds from HUD OR Locality CEO certifies that the proposed development is located in an area that meets VHDAs tax credit definition of a Revitalization Area.

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:d. Location in a Qualified Census Tract & Revitalization AreaN0 or 5If the proposed development is located in a QCT and is in a Revitalization Area. To qualify for the 5 points submit the Revitalization Area Certification. VHDA will confirm location in a QCT based on the census tract information provided in the application.

    e. Sec 8 or PHA waiting list preferenceN0 or 10 Points awarded to a development whereby no units are subject to Section 8, project-based assistance and where leasing preference is given to households on the local public housing or Section 8 waiting lists (maintained by the locality or the nearest Section 8 administrator for the locality in which the proposed development is to be located).

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:f. Subsidized funding commitmentsNUp to 40

    Documentation of any of the following: (i) firm financing commitment(s) from the local government, local housing authority, Federal Home Loan Bank affordable housing funds, Virginia Housing Trust Fund, funding from VOICE for projects located in Prince William County and donations from unrelated private foundations that have filed an IRS Form 990 (or a variation of such form) or, Rural Development for a below-market rate loan or grant (ii) a resolution passed by the locality in which the proposed development is to be located committing such financial support to the development in a form approved by VHDA; or (iii) a commitment to donate land, buildings or tap fee waivers from the local government.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:g. Existing RD, HUD Section 8 or 236 program

    N0 or 20

    The development is subject to Rural Development or HUD Section 8 or 236 programs at the time of Application, including program participation. However, if the Applicant is the current owner or has any common interests with the current owner, either directly or indirectly, points will only be awarded if the Applicant waives all rights to any developers fee and any other fees associated with the acquisition and rehab (or rehab only) of the development.

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:h. Tax abatement or new project based rental subsidy (HUD or RD)

    N0 or 10

    Meet the localitys criteria to receive a real estate tax abatement on the increase in the value of the development Or New project-based subsidy from HUD or Rural Development for the greater of 5 units or 10% of the units of the proposed property.

    i. Census tract with

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    2. HOUSING NEEDS CHARACTERISTICS:j. Development listed on the Rural Development Rehab Priority ListN0 or 15

    The development is listed as a "High-Priority, Rehab" Development by Rural Development at the time the Application is submitted to VHDA.

    K. Dev. located in area with little or no increase in rent burden populationNUp to -20Any proposed new construction development (including adaptive re-use and rehabilitation that creates additional rental space) located in a Pool identified by VHDA as a pool with little or no increase in rent burdened population.

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    2. HOUSING NEEDS CHARACTERISTICS:l. Dev. located in area with increasing rent burdened populationNUp to 20

    Any proposed new construction development (including adaptive re-use and rehabilitation) that creates additional rental space and that is located in a pool identified by VHDA as a pool with an increasing rent burdened population.

    Total:

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    3. DEVELOPMENT CHARACTERISTICS a. Amenities

    b. Project subsidies/HUD 504 accessibility for 5 or 10% of unitsN0 or 50Any development in which (i) the greater of 5 units or 10% of the units will be assisted by HUD project-based vouchers as evidenced by the submission of a letter satisfactory to the Authority from an authorized public housing authority (PHA) that the development meets all prerequisites for such assistance; (ii) will conform to HUD regulations interpreting the accessibility requirements of section 504 of the Rehabilitation Act; and be actively marketed to persons with disabilities as defined in the Fair Housing Act.

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    3. DEVELOPMENT CHARACTERISTICS or c. HUD 504 accessibility for 5 or 10% of unitsN0 or 30

    Any development in which the greater of 5 units or 10% of the units (i) conform to HUD regulations interpreting the accessibility requirements of section 504 of the Rehabilitation Act; and (ii) are actively marketed to persons with disabilities as defined in the Fair Housing Act

    Or d. HUD 504 accessibility for 5% of unitsN0 or 15Any development in which five percent (5%) of the units (i) conform to HUD regulations interpreting the accessibility requirements of section 504 of the Rehabilitation Act and (ii) are actively marketed to persons with disabilities as defined in the Fair Housing Act.

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    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    3. DEVELOPMENT CHARACTERISTICS e. Proximity to public transportationN0,10 or 20

    1. The development is located within mile of an existing commuter rail, light rail or subway station or mile of an existing public bus stop, 10 points 2. The development meets the above qualifications and is competing within the New Construction or Northern Virginia/Planning District 8 pools, 20 points (10 points in the At-Large Pool) A certified land surveyor or registered civil engineer must provide a letter, which states that the property entrance is within one of the distances noted above.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    3. DEVELOPMENT CHARACTERISTICS f. Development will be Earthcraft or LEED certified

    15 points - A LEED Silver development or an EarthCraft certified development 30 points - A LEED Gold or EarthCraft Gold development 45 points A LEED Platinum or EarthCraft Platinum development N0,15,30 or 45

    It is now mandatory that the Architect of Record attend Multifamily Professional Training by EarthCraft Virginia for these points. Training must have occurred on January 1, 2009 or later. Furthermore, to qualify for these points, the Applicant must agree to obtain either (i) EarthCraft Certification or (ii) US Green Building Council LEED Green-Building Certification prior to the issuance of an IRS Form 8609, with the proposed developments Architect certifying in the Architects Certification that the developments design will meet the criteria for such EarthCraft or LEED certification.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    3. DEVELOPMENT CHARACTERISTICS g. Units constructed to meet VHDA's Universal Design standards

    NUp to 15It is now mandatory that the Architect of Record attend Universal Design training for these points. Training must have occurred on January 1, 2009 or later. Points will be awarded to Applications for developments in which the Architect of Record certifies as a part of the Architects Certification that the developments design will include VHDAs Universal Design features.h. Developments with less than 100 units

    Total:Up to 20Up to 20 points will be awarded for any development in which the Applicant proposes to produce up to 100 low-income housing units. At 50 units or less, the Applicant can receive the total 20 points; however, for every unit over 50 units, the score will be reduced 0.4 points. The Applicant will receive 0 points for developments with 100 or greater low-income housing units.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    4. TENANT POPULATION CHARACTERISTICS:a.

  • LIHTC A Primer The Virginia Program

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    5. SPONSOR CHARACTERISTICS:

    a. Developer experience - 3 developments with 3 x units or 6 developments with 1 x units

    N0 or 50Evidence that the principal(s), of the proposed development has/have developed, as controlling general partner or managing member, at least three LIHTC developments that contain at least 3x the number of housing units in the proposed development (can include market units) or at least six LIHTC developments

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    5. SPONSOR CHARACTERISTICS:

    or b. Developer experience - 3 developments and at least 500,000 in liquid assets

    N0 or 50Evidence that at least one principal of the proposed development has developed at least three LIHTC developments and has at least $500,000 in liquid assets (see QAP for definition of liquid assets);

    or c. Developer experience - 1 development with 1 x unitsN0 or 10Evidence that the principal or principals of the proposed development has/have developed, as controlling general partner or managing member, at least one LIHTC development that contains at least the number of housing units in the proposed development (can include market units)

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    5. SPONSOR CHARACTERISTICS:

    d. Developer experience - uncorrected life threatening hazardN0 or -50Any Applicant that includes a principal who was a principal in a development at the time VHDA inspected said development and discovered a life-threatening hazard under HUDs Uniform Physical Condition Standards, and such hazard was not corrected in the time frame established by the Authority.

    e. Developer experience- noncompliance-uncorrected form 8823N0 or -15Any Applicant that includes a principal who was a principal in a development that either (i) at the time VHDA reported such development to the IRS for non-compliance had not corrected it by the time a Form 8823 was filed by VHDA.

  • LIHTC A Primer The Virginia Program

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    5. SPONSOR CHARACTERISTICS:

    f. Developer experience - did not build as representedN0 or -2xThe Application includes a principal who, in a previous application, did not build a development as represented in the Application for credit. The penalty, -2x the number of points assigned to the item(s) not built will apply for a period of three years after the last Form 8609 is issued for the development and is in addition to any other penalties VHDA may seek under its agreements with the Applicant.

    g. Developer experience - failure to provide minimum building requirementsN0 or -20The Application includes a principal who, in a previous application, did not provide either a minimum building requirement as defined in Minimum Design & Construction Requirements or required non-point item as referenced in the Tax Credit Application.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    5. SPONSOR CHARACTERISTICS:

    h. Developer experience - termination of credits by VHDAN0 or -10The Application includes a principal who, in a previous application, had a reservation of credits involuntarily terminated by VHDA. A 10-point penalty will apply for three years after the credits are returned to VHDA and is in addition to any other penalties VHDA may seek under its agreements with the Applicant.

    i. Developer experience -exceeds cost limits at certificationN0 or -50Any applicant that includes a principal that was a principal in a development for which the actual cost of construction exceeded the applicable cost limit by 5% or more (minus 50 points for a period of 3 calendar years beginning January 1 of the year following the completion of the cost certification).

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    5. SPONSOR CHARACTERISTICS:

    j. Management company rated unsatisfactoryN0 or -25Any Applicant that lists in its Application, a management company that is rated unsatisfactory by the Executive Director or If the ownership of any Applicant includes a principal, who in a previous application hired a management company to manage a tax credit development, after such management company received an unsatisfactory rating from VHDA during the compliance and extended use periods of such development. Total:

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    6. EFFICIENT USE OF RESOURCES:

    a. Credit per unitNUp to 200Automatically calculated in application.The credits per unit type for the proposed property will be determined by dividing the credits by the total heated residential square feet area. This credit per square foot will then be multiplied by the average unit square footage for each unit type. This average credit per unit type will then be used in the following equation: 1 - Subject credits per Unit Type x % of Unit Type x 200 pts Highest credits per Unit Type Please note that it is possible to have a negative score in this category (i.e. score can go below 0).

  • LIHTC A Primer The Virginia Program

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    6. EFFICIENT USE OF RESOURCES:

    b. Cost per unit

    Total:NUp to 100Automatically calculated in application.The cost per unit type for the proposed property will be determined by dividing the total development costs, as adjusted, by the total heated residential square feet area. The cost calculation will exclude land cost, tap fees, operating reserves and commercial space. This cost per square foot will then be multiplied by the average unit square footage for each unit type. This average cost per unit type will then be used in the following equation: 1 - Subject cost per Unit Type x % of Unit Type x 100 pts Highest cost per Unit Type

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    7. BONUS POINTS:

    a. Units with rents at or below 40% of AMINUp to 10Up to (an additional) 10 points: For each percentage point of units in the proposed development that are further restricted to rents at or below 30% of 40% AMGI.

    b. Units with rent and income at or below 50% of AMINUp to 50Commitment by the Applicant to impose income limits on the low-income housing units throughout the extended use period (as defined in the IRC) below those required by the IRC in order for the development to be a qualified low-income development.

  • LIHTC A Primer The Virginia Program

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    7. BONUS POINTS:

    or c. Units with rents at or below 50% rented to tenants at or below 60% of AMINUp to 25Commitment by the Applicant to impose rent limits on the low-income housing units throughout the extended use period (as defined in the IRC) below those required by the IRC in order for the development to be a qualified low-income development. Up to (an additional) 10 points: For each percentage point of units in the proposed development that are further restricted to rents at or below 30% of 40% AMGI.

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    7. BONUS POINTS:

    or d. Units in Low Income Jurisdictions with rents

  • LIHTC A Primer The Virginia Program

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    7. BONUS POINTS:

    e. Extended ComplianceN40 or 5040 points - Applications documenting that the owner will maintain the low-income units in compliance for 10 years over the standard 30-year extended use period (40 years of total compliance) 50 points - Applications documenting that the owner will maintain the low-income units in compliance for 20 years over the standard 30-year extended use period (50 years of total compliance) If points are requested for extended compliance, no points will be awarded for a purchase option or right of first refusal.

  • LIHTC A Primer The Virginia Program

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    7. BONUS POINTS:

    or f. Nonprofit or LHA purchase optionN0 or 60A copy of a fully-executed recordable purchase option or right of first refusal to a qualified non-profit or LHA for the transfer of the property at the end of the minimum 15-year compliance period. The qualified non-profit must have a minimum of 10% ownership in the general partnership or managing member for the full 15-year compliance period to qualify for these points.

    or g. Nonprofit or LHA Home Ownership option

    Total:N0 or 55 points if the LHA or qualified non-profit organization with a purchase option or right of first refusal (at the end of the 15-year compliance period) submits a homeownership plan satisfactory to VHDA, in which, the local housing authority or qualified non-profit organization commits to sell the units in the development to tenants.

  • LIHTC A Primer The Virginia Program

    MANDATORY ITEMS:ScoreDOCUMENTATION NEEDED

    Amenities:All units have:MAX POINTSa. Community RoomN0 or 5The development has a community room with a minimum of 749 sq. ft. Points associated with this item are not allowed unless the community room is physically located within the boundaries of the development currently being considered for credits.

    b. Exterior walls constructed with brick and other low maintenance materials

    NUp to 22Brick or other similar low-maintenance material pre-approved by the Authority covering 30% or more of the exterior walls (excluding the triangular gable end area, doors, windows, knee walls, columns, retaining walls and any features that are not a part of the faade).

  • LIHTC A Primer The Virginia Program

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    Amenities:All units have:MAX POINTSc. Kitchen/Laundry Appl - EPA Energy Star qualifiedN0 or 5Every unit in the development and the community area has kitchen and laundry appliances that meet EPA Energy Star qualified program requirements. If points are requested for rehab on a property, ensure that the work write-up specifies that all appliances meet Energy Star, not just those being replaced.

    d. Windows and Glass Doors - EPA Energy Star qualifiedN0 or 5Every unit in the development and the community area (if it has windows), have windows that meet EPA Energy Star qualified program requirements. Any glass doors must also meet EPA Energy Star program requirements

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    Amenities:All units have:MAX POINTSe. Heat/AC-SEER-AFUEN0 or 10Every 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 equipment with a SEER rating of 15.0 or more, combined with a gas furnace with an AFUE rating of 90% or more.

    f. Sub-metered water expenseN0 or 5Every unit in the development is sub-metered (i.e. households pay the water provider directly), with equipment capturing/measuring 100% of the water used in the unit (not just hot water usage). If the locality does not allow water sub-metering, the Applicant does not qualify for these points.

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    Amenities:All units have:MAX POINTSg. WaterSense faucets & showerheadsN0 or 2Every unit in the development has bathroom(s) containing only WaterSense labeled faucets (2.2 gpm maximum) and showerheads (2.5 gpm maximum)

    h. High speed cable, DSL, wireless internet readyN0 or 1Necessary infrastructure is provided in all units for high-speed cable, DSL or wireless internet service

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    Amenities:All units have:MAX POINTSi. Energy efficient water heatersN0 or 5Every unit in the development has a hot water heater that has an energy factor greater than or equal to 67% (gas water heaters) or greater than or equal to 93% (electric water heaters); or any centralized commercial system that has an efficiency performance rating equal to or greater than 95%; or any solar thermal system that meets at least 60% of the developments domestic hot water load.

    j. WaterSense labeled toiletN0 or 2If each bathroom is equipped with a WaterSense labeled toilet.

  • LIHTC A Primer The Virginia Program

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    Amenities:All units have:MAX POINTSk. New Construction only: EPA Energy Star qualified bath vent fansN0 or 2For new construction only, if each full bathroom is equipped with EPA Energy Star qualified bath vent fans.

    l. R-3+ wall sheathing insulationN0 or 5If the development has or the application provides for installation of continuous R-3 or higher wall sheathing insulation.

  • LIHTC A Primer The Virginia Program

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    Amenities:All units have:MAX POINTSm. cooking surfaces - fire prevention/suppression featureN0 or 2If all cooking surfaces are equipped with fire prevention or suppression features that meet VHDAs requirements below: Fire prevention Installation of Safe-T-Element cooking system or other VHDA pre-approved prevention system Fire suppression Installation of fire suppression features such as canisters, etc. Total:

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    Amenities:All Elderly units have:MAX POINTSa. Front-control rangesN0 or 1If every unit in the development has a cooking range with front controls

    b. Emergency call systemN0 or 3If every unit in the development has an emergency call system

    c. Independent/suppl. heat sourceN0 or 1If all full bathrooms in the development have an independent or supplemental heat source, in addition to the units standard HVAC system.

  • LIHTC A Primer The Virginia Program

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    Amenities:All Elderly units have:MAX POINTSd. Two eye viewersN0 or 1If every unit in the development has an entrance door with two eye viewers, one at 42" and the other at standard height.

    Total:

    Certification by locality that proposed development is located in an area that meets VHDA tax credit definition of a revitalization area.

    *Certification by locality that proposed development is located in an area that meets VHDA tax credit definition of a revitalization area.

    *Certification by locality that proposed development is located in an area that meets VHDA tax credit definition of a revitalization area.

    *Certification by locality that proposed development is located in an area that meets VHDA tax credit definition of a revitalization area.

    *Certification by locality that proposed development is located in an area that meets VHDA tax credit definition of a revitalization area.

    *Yes, no comment, negative response (attorney opinion)

    *Yes, no comment, negative response (attorney opinion)

    *Yes, no comment, negative response (attorney opinion)

    *Yes, no comment, negative response (attorney opinion)

    *Yes, no comment, negative response (attorney opinion)

    *Yes, no comment, negative response (attorney opinion)

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