London Oaks - 2009 VA

2009 Federal Low Income Housing
Tax Credit Program
Application For Reservation
Deadline for Submission
9% Competitive Credits
Applications Must Be Received At VHDA No Later Than 5:00 PM
Richmond, VA Time On May 15, 2009
Tax Exempt Bonds

Applications should be received at VHDA at least one month
before the bonds are priced (if bonds issued by VHDA), or 75
days before the bonds are issued (if bonds are not issued by
VHDA)
Virginia Housing Development Authority

601 South Belvidere Street
Richmond, Virginia 23220-6500
2009 v1.4.2009
Low Income Housing Tax Credit Application for Reservation
Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance in
organizing the submission in the following order, and actually using tabs to mark them as shown, will facilitate review of your
application. Please note that all mandatory items must be included for the application to be processed. The inclusion of other items may
increase the number of points for which you are eligible under VHDA's point system of ranking applications, and may assist VHDA in
its determination of the appropriate amount of credits that it may reserve for the development. You are therefore encouraged to submit
as much requested information as is available, but their inclusion is not mandatory for review of your application.
Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

Hard Copy of All Application Pages With Signature (MANDATORY)
Scanned Copy of the Tax Credit Application with all Attachments (excluding market study and plans & specs) (MANDATORY)
$750 Application Fee (MANDATORY)
Tab A: Documentation of Development Location:
A.1 Qualified Census Tract Certification
A.2 Revitalization Area Certification
Location Map
Surveyor's Certification of Proximity To Public Transportation
Tab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATORY
Tab C: Virginia State Corporation Commission Certification (MANDATORY)
Tab D: Principal's Previous Participation Certification and Resumé (MANDATORY)
Tab E: Nonprofit Questionnaire (MANDATORY for points or pool)
The following documents need not be submitted unless requested by VHDA:
-Nonprofit Articles of Incorporation
-IRS Documentation of Nonprofit Status
-Joint Venture Agreement (if applicable)
-For-profit Consulting Agreement (if applicable)
Tab F: Architect's Certification (MANDATORY)
Tab H: PHA / Section 8 Notification Letter
Tab I: Local CEO Letter
Tab J: Homeownership Plan
Tab K: Site Control Documentation (MANDATORY)
Tab L: Plan of Development Certification Letter
Tab M: Zoning Certification Letter
Tab N: Copies of 8609s To Certify Developer Experience
Tab O: (Reserved)
Tab P: Plans and Specifications and Work Write-Up (MANDATORY)
Tab Q: Documentation of Rental Assistance
Tab R: Documentation of Operating Budget
Tab S: Documentation of Project Budget
Tab T: Documentation of Financing Sources
Tab U: (Reserved)
Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal
Tab W: Original Attorney's Opinion (MANDATORY)
Tab X: (Reserved)
Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504
Tab Z Market Study (MANDATORY-Application will be disqualified if market study not submitted with the application)
2009 Submission Checklist

Low-Income Housing Tax Credit Application For Reservation
VHDA TRACKING NUMBER 2009-Z-077

I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, 5/12/2009
the Internal Revenue Code of 1986, as amended. (Date of Application)
A. Development Name and Location:

1. Name of Development London Oaks
2. Address of Development 2680 High Street
(Street)
Portsmouth VA 23707
(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 Portsmouth 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. Is the development located in a Metropolitan Statistical Area? Yes No
7. Census Tract the development is located in: 2105
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
8. Is the development located in a Difficult Development Area? No
9. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
10. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note: 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
11. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No
12. Is the development listed on the RD 515 Rehabilitation
Priority List? Yes No
13. Congressional District 3 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf
Planning District 23 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 2 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 79 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf
14. Location Map Attached (TAB A)
B. Project Description:
In the space provided below, give a brief description of the proposed project.
This aging, existing 296 unit affordable housing development is in need of substantial rehabilitation.
2009 Page 1
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) $1,642,439
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 Tidewater MSA Pool
Northern Virginia MSA Pool Small MSA/Micropolitan Pool
Richmond MSA Pool Rural Pool
Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)
Tax Exempt Bonds

new construction, or
rehabilitation, or
acquisition and rehabilitation.
Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:

all buildings or
some buildings.
D. Type(s) of Allocation/Allocation Year
1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of 2008 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.
2. Carryforward Allocation
All of the buildings in the development are expected to be placed
in service within two years after the end of this calendar year, 2009, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a carryforward allocation of 2009 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 2010 or 2011).
3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
2009 Page 2
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 the
10% 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)
A waiver of the 10-year rule for all buildings has been or will be requested from the
Department of the Treasury pursuant to IRC Section 42(d)(6)(B)
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 IRC
Section 42(e)(3)(A)(ii).
All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the
10% 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 and
explain for each building.
2009 Page 3
II. OWNERSHIP INFORMATION

NOTE: VHDA may allocate credits only to the tax-paying entity which owns the development at the time of the allocation. The term "Owner" herein refers to that entity. Please fill in the legal
name of the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except those involving the admission of
limited partners) prior to the placed-in-service date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its sole discretion. IMPORTANT: The
Owner name listed on this page must match exactly the owner name listed on the Virginia State Corporation Commission Certification.
Must be an individual or legally formed entity
A. Owner Information:
Name London Oaks Preservation, L.P.
Contact Person First: Matthew Middle: K Last: Finkle
Address 60 Columbus Circle
(Street)
New York NY 10023
(City) (State) (Zip Code)
Federal I. D. No. 26-1719203 (If not available, obtain prior to Allocation)

Phone 212-801-1073 Fax 212-801-3731 Email address mfinkle@related.com
Type of entity: Limited Partnership Other
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements) 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
Stephen M. Ross 212-421-5333 Member 59.69%
Jeff T. Blau 212-421-5333 Member 5.52%
Bruce A. Beal/Michael Brenner 212-421-5333 Member 3.80%
Mark E. Carbone/Matthew Finkle 212-421-5333 Member 21.00%
Akiim Kiambu Barber 212-421-5333 Member 5.10%
Mark Lepselter/Drew Sheinman 212-421-5333 Member 3.68%
Joseph A. Baratta/Arthur L. Aidala 212-421-5333 Member 1.23%
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 of
separate partnerships or corporations which may comprise those components.
Principals' Previous Participation Certification attached (Mandatory TAB D), resumé, & ownership structure chart.
B. Seller Information:
Name London Oaks LP Contact Person Charles Nimmo
Address 3130 Chaparral Drive, Suite 200
Roanoke, VA 24018 Phone 540-774-1641
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%
2009 Page 4
C. Development Team Information:

Complete the following as applicable to your development team.
1. Tax Attorney: H. David Embree Related Entity? Yes No

Firm Name: Williams Mullen
Address: 1700 Dominion Tower, P.O. Box 3460, Norfolk, VA 23514
Phone: 757-629-0608 Fax: 757-629-0660
2. Tax Accountant: Joseph Crivelli Related Entity? Yes No

Firm Name: Friedman, LLP
Address: 1700 Broadway, New York, NY 10019
Phone: 212-842-7550 Fax: 212-265-4761
3. Consultant: None Related Entity? Yes No

Firm Name: Role:
Address:
Phone: Fax:
4. Management Entity (Contact): Charles Nimmo Related Entity? Yes No

Firm Name: F&W Management
Address: 3130 Chaparral Drive, Roanoke, VA 24018
Phone: 540-774-1641 Fax: 540-774-2488
5. Contractor (Contact): William C. Barton Related Entity? Yes No

Firm Name: Linden Contracting, Inc.
Address: 1212 Butterworth Ct., Stevensville, MD 21666
Phone: 410-643-8822 Fax: 410-643-8604
6. Architect: Daniel J. deBettencourt Related Entity? Yes No

Firm Name: dBF Associates, Architects
Address: 6821 Whittier Vae, mclean, VA 22101
Phone: 703-356-2215 Fax: 703-356-4304
7. Real Estate Attorney: David Boccio Related Entity? Yes No

Firm Name: Michael, Levitt & Rubenstein, LLC
Address: 60 Columbus Circle, New York, NY 10023
Phone: 212-801-3739 Fax: 212-801-3762
8. Mortgage Banker: Charles Wilson Related Entity? Yes No

Firm Name: Virginia Capital Advisors, Inc.
Address: 1915 Pocahontas Trail, Suite B-5, Williamsburg, VA 23185
Phone: 757-220-3147 Fax: 757-220-5764
9. Other (Contact): Michael Antonik Related Entity? Yes No

Firm Name: PresCon, LLC Role:
Address: 60 Columbus Circle, New York, NY 10023
Phone: 212-801-1067 Fax: 212-801-3731
2009 Page 5
D. Nonprofit Involvement:
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.
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 Questionnaire
Questionnaire 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
4. Identity of Nonprofit (All nonprofit applicants)

The nonprofit organization involved in this development is
the Owner
the Applicant (if different from Owner)
Other
(Name of nonprofit)
(Contact Person) (Street Address)
(City) (State) (Zip code)
(Phone) (Fax)
5. Percentage of Nonprofit Ownership (All nonprofit applicants)

Specify the nonprofit entity's percentage ownership of the general partnership interest: 0.0%
2009 Page 6
III. DEVELOPMENT INFORMATION
A. Structure and Units:

1. Total number of all units in development 296
Total number of rental units in development 296 bedrooms 678
Number of low-income rental units 296 bedrooms 678
Percentage 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: 32
Elevator Number of stories: 2
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 296 bedrooms 678
4. Total Floor Area For The Entire Development 322,822.00 (Sq. ft.)
5. Unheated Floor Area (Breezeways, Balconies, Storage) 20,400.00 (Sq. ft.)
6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)

(Not eligible for funding)
7. Total Usable Residential Heated Area 302,422.00 (Sq. ft.)
8. Number of Buildings (containing rental units) 43
9. Commercial Area Intended Use: NA
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)
B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: Playground, Leasing Office, Community Room, Laundry Room
Exterior Finish: Painted T1-11 siding

Heating/AC System: Heat: Forced Hot Air (Gas), A/C: Split System
Architectural Style: Traditional 2 story garden style apartments with pitched roof
2009 Page 7
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 0.00 SF 3-Bdrm Gar 1,099.19 SF
1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 0.00 SF 4-Bdrm Gar 0.00 SF
1-Sty 1BR-Eld 0.00 SF Eff-Gar 0.00 SF 2-Bdrm TH 0.00 SF
1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 720.71 SF 3-Bdrm TH 1,349.38 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 938.80 SF 4-Bdrm TH 1,493.20 SF
2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
302,422.00 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 incorporate
all 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)

0% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms
0% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms
b. A community/meeting room with a minimum of 749 square feet is provided
0% 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 air conditioned with either (i) heat pump units with both a
SEER rating of 14.0 or more and a HSPF rating of 8.2 or more and a variable speed air handling unit
(for through- the-wall heat pump equipment that has an EER rating of 11.0 or more), or (ii) air
conditioning units with a SEER rating of 14.0 or more and a variable speed air handling unit, combined
with gas furnaces with an AFUE rating of 90% or more
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.
2009 Page 8
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 is

located in a registered historic district and certified by the Secretary of the Interior as
being of historical significance to the district, and the rehabilitation will be completed
in such a manner as to be eligible for historic rehabilitation tax credits
Accessibility
Check one 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 (i) provide federal project-based rent subsidies o
equivalent assistance in order to ensure occupancy by extremely low-income persons; (ii) conform to HUD regulation
interpreting accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to people wit
special needs in accordance with a plan submitted as part of the Application. (If special needs include mobility impairment
the units described above must include roll-in showers and roll under sinks and front controls for ranges).
For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD’s Housing Choice
Voucher (“HCV”) payment standard; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 o
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, in
accordance with a plan submitted as part the Application.
For any non-elderly property in which at least four percent (4%) of the units conform to HUD regulations interpreting
accessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobility
impairments in accordance with a plan submitted as part of the Application.
Earthcraft or LEED Development Certification

Applicant agrees to obtain Earthcraft or LEED certification prior to issuance of IRS Form 8609. Architect
certifies 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
LEED Accredited Design Team Member

One or more members of the design team is a LEED accredited professional.
Yes No If Yes, 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:
0 Units 0%
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 the
low-income units. If no, explain differences:
2009 Page 9
IV. TENANT INFORMATION
A. Set-Aside Election: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE

POINTS FOR THE BONUS POINT CATEGORY
Note: In order to qualify for any tax credits, a development must meet one of two minimum threshold occupancy tests. Either (i) at least 20% of the units
must be rent-restricted and occupied by persons whose incomes are 50% or less of the area median income adjusted for family size (this is called the 20/50
test) or (ii) at least 40% of the units must be rent-restricted and occupied by persons whose incomes are 60% or less of the area median income adjusted for
family size (this is called the 40/60 test), all as described in Section 42 of the IRC. Rent-and income-restricted units are known as low-income units. If you
have more low-income units than required, you qualify for more credits. If you serve lower incomes than required, you receive more points under the rankin
system.
Units Provided Per Household Type:

Income Levels Rent Levels
# of Units % of Units # of Units % of Units
0 0.00% 40% Area Median 31 10.47% 40% Area Median
0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
296 100.00% Total 296 100.00% 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
groups as defined by the United States Fair Housing Act, so indicate:
Yes Elderly (age 55 or above)
Yes Physically or mentally disabled persons (must meet the requirements of the federal
Americans with Disabilities Act)
2. Specify the number of low-income units that will serve individuals and families with children by
providing three or more bedrooms: 104 Number of units 35% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or physical
displacement on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation
Guidelines for LIHTC properties.
4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8
waiting list, so indicate:
Yes
No
Locality has no such waiting list; If yes, provide the following information:
Organization which holds such waiting list: Portsmouth Redevelopment & Housing Authority
Contact person (Name and Title) Delores Adams, Director of Housing Management
Phone Number 757-399-5261 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 of 1 or less bedrooms).
Yes
No
2009 Page 10
V. LOCAL NEEDS AND SUPPORT
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 Kenneth L. Chandler
Chief Executive Officer's Title City Manager
Street Address 801 Crawford Street Phone 757-393-8641
City Portsmouth State VA Zip 23704
Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Paul Holt, Deputy City Manager
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No
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 the
local CEO:
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No
B. Project Schedule
ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract 9/11/2007 Mark Carbone
Site Acquisition 11/1/2009 Mark Carbone
Zoning Approval na
Site Plan Approval na
Financing
A. Construction Loan
Loan Application 7/15/2009 Matthew Finkle
Conditional Commitment 9/1/2009 Matthew Finkle
Firm Commitment 10/1/2009 Matthew Finkle
B. Permanent Loan - First Lien
C. Permanent Loan-Second Lien
D. Other Loans & Grants
Type & Source, List
Application 5/15/2009 Matthew Finkle
Award/Commitment 8/5/2009 Matthew Finkle
Formation of Owner 1/9/2008 Matthew Finkle
IRS Approval of Nonprofit Status na
Closing and Transfer of Property to Owner 11/1/2009 Matthew Finkle
Plans and Specifications, Working Drawings 5/1/2009 Michael Antonik
Building Permit Issued by Local Government 10/1/2009 Michael Antonik
Start Construction 12/1/2009 Michael Antonik
Begin Lease-up in-place rehab
Complete Construction 8/1/2010 Michael Antonik
Complete Lease-Up in-place rehab
Credit Placed in Service Date 11/1/2010 Matthew Finkle
2009 Page 11
VI. SITE CONTROL
Note: Site control by the Owner identified herein is a mandatory precondition of review of this application. Documentary evidence of it,
in the form of either a deed, option, purchase contract, or lease for a term longer than the period of time the property 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. Anticipated future transfers
to the Owner are not sufficient. The Owner, as identified in Subpart II-A, must have site control at the time 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 a long-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.
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: )
Purchase Contract - attached (expiration date: 01/01/11 )
If more than one site for the development and more than one form of site control, please so indicate
and 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 control
document is required for each site.
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 property
will be subject to occupancy restrictions) no later than 11/01/09 (must be prior to November 6, 2009).
If more than one site for the development and more than one expected date of acquisition by
Owner, please so indicate and attach separate sheet specifying each site, number of existing
buildings 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 9.10%

Project Wide Capture Rate - Market Units na
Project Wide Capture Rate - All Units 9.10%
Project Wide Absorption Period (Months) 12 mos
2009 Page 12
C. Site Description
1. Exact area of site in acres 24.682
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. Photographs
Include photographs of the site and any existing structure(s) in TAB O. For rehabilitation projects,
provide interior pictures which document the necessity of the proposed work
E. 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.
In addition: required documentation for rehabilitation properties
A unit-by-unit work write-up.
Plans and specifications/unit-by-unit work writeup attached (TAB P) or

Plans and specifications/unit-by-unit work writeup submitted separately
2009 Page 13
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: 296

Number of years in rental assistance contract: 40
Expiration date of contract: 09/06/17
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 Gas X Owner Tenant 0 0 0 0 0
Air Conditioning Electric Owner X Tenant 0 46 49 53 69
Cooking Electric Owner X Tenant 0 0 0 0 0
Lighting Electric Owner X Tenant 0 0 0 0 0
Hot Water Gas X Owner Tenant 0 0 0 0 0
Water Water X Owner Tenant 0 0 0 0 0
Sewer Sewer X Owner Tenant 0 0 0 0 0
Trash Trash X Owner Tenant 0 0 0 0 0
Total utility allowance for costs paid by tenant $0 $46 $49 $53 $69
2. Source of Utility Allowance Calculation (Attach Documentation TAB Q)

HUD
Utility Company (Estimate) Local PHA
Utility Company (Actual Survey) Other:
2009 Page 14
C. Revenue
1. Indicate the estimated monthly income for the Low-Income Units: **
Total Number of Total Monthly
Unit Type Tax Credit Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 48 $27,456
Total Number of Tax Credit Units 296
Plus Other Income Source (list): Laundry, Vending, Tenant Charges $1,596
Equals Total Monthly Income: $213,756
Twelve Months x12
Equals Annual Gross Potential Income $2,565,072
Less Vacancy Allowance ( 7.0% ) $179,555
Equals Annual Effective Gross Income (EGI) - Low Income Units $2,385,517
** 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
Unit Type Market Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 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 0 0 0 48
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH

144 48 0 0 26 30
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 0 0 0 48
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH

144 48 0 0 26 30
1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-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 $ - $ -
2009 Page 15
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -

Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -

Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Total Efficiency Total Monthly Eff.
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
Efficiency - Market 0 0.00 $ - $ -

Total Efficiency
Market Units: 0 0.00 Total Monthly
Eff. Market Rent: $ -
Total Eff. Units: 0 Total Eff. Rent $ -
1-Bedroom Units
Net Rentable Monthly Rent Total
1 BR - 40% 5 639.00 $ 572 $ 2,860

2009 Page 15
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 50% 43 639.00 $ 572 $ 24,596

1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
Total 1-BR Total Monthly 1-BR
Tax Credit Units: 48 30,672.00 Tax Credit Rent: $ 27,456
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: 48 Total 1-BR Rent $ 27,456
2009 Page 15
2-Bedroom Units
2 BR - 40% 15 837.00 $ 656 $ 9,840

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% 129 837.00 $ 656 $ 84,624

2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2009 2 BR - Market 0 0.00 $ - $ - Page 15
Total 2-BR
3-Bedroom Units
3 BR - 40% 5 979.00 $ 827 $ 4,135

3 BR - 40% 3 1,213.00 $ 864 $ 2,592
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% 43 979.00 $ 827 $ 35,561

3 BR - 50% 23 1,213.00 $ 864 $ 19,872
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
2009 Page 15
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
4-Bedroom Units
4 BR - 40% 3 1,342.00 $ 936 $ 2,808

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% 27 1,342.00 $ 936 $ 25,272

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 $ - $ -
2009 Page 15
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
Total 4-BR
Total Units 296 Net Rentable SF: TC Units 269,990.00

MKT Units 0.00
Total NR SF: 269,990.00
Floor Space Fraction 100.0000%
2009 Page 15
D. Operating Expenses
Administrative:
1. Advertising/Marketing $3,200
2. Office Salaries $49,960
3. Office Supplies $19,500
4. Office/Model Apartment (type______) $0
5. Management Fee $101,877
4.27% of EGI 344.1790541 Per Unit
6. Manager Salaries $43,368
7. Staff Unit (s) (type______) $9,624
8. Legal $7,500
9. Auditing $12,000
10. Bookkeeping/Accounting Fees $0
11. Telephone & Answering Service $6,400
12. Tax Credit Monitoring Fee $7,400
13. Miscellaneous Administrative $3,000
Total Administrative $263,829
Utilities
14. Fuel Oil $0
15. Electricity $30,000
16. Water $150,000
17. Gas $100,000
18. Sewer $164,325
Total Utility $444,325
Operating:
19. Janitor/Cleaning Payroll $0
20. Janitor/Cleaning Supplies $4,125
21. Janitor/Cleaning Contract $1,150
22. Exterminating $11,100
23. Trash Removal $51,400
24. Security Payroll/Contract $125,000
25. Grounds Payroll $19,516
26. Grounds Supplies $2,500
27. Grounds Contract $38,920
28. Maintenance/Repairs Payroll $145,283
29. Repairs/Material $53,050
30. Repairs Contract $7,500
31. Elevator Maintenance/Contract $0
32. Heating/Cooling Repairs & Maintenance $1,000
33. Pool Maintenance/Contract/Staff $0
34. Snow Removal $100
35. Decorating/Payroll/Contract $0
36. Decorating Supplies $4,000
37. Miscellaneous $15,000
Operating & Maintenance Totals $479,644
Taxes & Insurance
38. Real Estate Taxes $201,600
39. Payroll Taxes $85,060
40. Miscellaneous Taxes/Licenses/Permits $0
41. Property & Liability Insurance $75,000
42. Fidelity Bond $0
43. Workman's Compensation $0
44. Health Insurance & Employee Benefits $0
45. Other Insurance $5,275
Total Taxes & Insurance $366,935
6544
Total Operating Expense $1,554,733
D1. Total Oper. Ex. Per Unit $5,252 D2. Total Oper. Ex. As % EGI (from E3) 65.17%
Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $88,800
Total Expenses $1,643,533
2009 Page 16
E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $2,385,517
2. Annual EGI Market Units (from C2) + $0
3. Total Effective Gross Income = $2,385,517
4. Total Expenses (from D) $1,643,533
5. Net Operating Income = $741,984
6. Total Annual Debt Service (from Page 21 B2) - $644,847
7. Cash Flow Available for Distribution = $97,137
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 2,385,517 2,457,082 2,530,795 2,606,719 2,684,920
Less Oper. Expenses 1,643,533 1,709,274 1,777,645 1,848,751 1,922,701
Net Income 741,984 747,808 753,150 757,968 762,219
Less Debt Service 644,847 644,847 644,847 644,847 644,847
Cash Flow 97,137 102,961 108,303 113,121 117,372
Debt Coverage Ratio 1.15 1.16 1.17 1.18 1.18

Eff. Gross Income 2,765,468 2,848,432 2,933,885 3,021,902 3,112,559
Net Income 765,859 768,838 771,108 772,613 773,299
Cash Flow 121,012 123,992 126,261 127,766 128,452

Eff. Gross Income 3,205,935 3,302,113 3,401,177 3,503,212 3,608,308
Net Income 773,105 771,970 769,827 766,609 762,241
Cash Flow 128,258 127,123 124,981 121,762 117,394
Estimated Annual Percentage Increase in Revenue 3.00% (Must be < 3%)
Estimated Annual Percentage Increase in Expenses 4.00% (Must be > 4%)
2009 Page 17
VIII. PROJECT BUDGET
A. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through A12. Check if the following
documentation is attached at TAB S:
Executed Construction Contract
Executed Trade Payment Breakdown
Appraisal
Other Cost Documentation
Environmental Studies
NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible basis, type
of credit and numerical calculations of this Part VIII.
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 0 0 0 0
B. Site Work 0 0 0 0
C. Other: 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 7,650,000 0 0 7,650,000
F. Accessory Building (s) 0 0 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 7,650,000 0 0 7,650,000
L. General Requirements 459,000 0 0 459,000
M. Builder's Overhead 153,000 0 0 153,000
( 2.0% Contract)
N. Builder's Profit 459,000 0 0 459,000
( 6.0% Contract)
O. Bonding Fee 0 0 0 0
P. Other: Completion LOC 8,721 0 0 8,721
Q. Contractor Cost
Subtotal (Sum 1K..1P) $8,729,721 $0 $0 $8,729,721
2. Owner Costs
A. Building Permit 25,000 0 0 25,000
B. Arch./Engin. Design Fee 100,000 0 0 100,000
( 338 /Unit)
C. Arch. Supervision Fee 75,000 0 0 75,000
( 253 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0
2009 Page 18

2. Owner Costs Continued
F. Construction Loan 0 0 0 0
Origination Fee
G. Construction Interest 0 0 0 0
( 0.0% for 0 months)
H. Taxes During Construction 151,200 0 0 37,800
I. Insurance During Construction 56,250 0 0 14,063
J. Cost Certification Fee 45,000 0 0 45,000
K. Title and Recording 73,790 30,181 0 38,300
L. Legal Fees for Closing 95,000 30,000 0 0
M. Permanent Loan Fee 28,648 0 0 0
( 0.0% )
N. Other Permanent Loan Fees 80,000 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 47,914 11,978 0 11,978
Q. Environmental Study 20,000 0 0 20,000
R. Structural/Mechanical Study 15,000 0 0 15,000
S. Appraisal Fee 10,000 0 0 10,000
T. Market Study 5,000 0 0 5,000
U. Operating Reserve 1,100,600 0 0 0
V. Tax Credit Fee 115,750 0 0 0
W. OTHER $5,040,025 $0 $0 $917,002
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $7,084,177 $72,159 $0 $1,314,143
Subtotal 1 + 2 $15,813,898 $72,159 $0 $10,043,864

(Owner + Contractor Costs)
3. Developer's Fees 2,545,207 695,314 0 1,849,893
4. Owner's Acquisition Costs

Land 1,200,000
Existing Improvements 6,880,977 6,880,977
Subtotal 4: $8,080,977 $6,880,977
5. Total Development Costs

Subtotal 1+2+3+4: $26,440,082 $7,648,450 $0 $11,893,756
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
2009 Page 19

W. OTHER OWNER COSTS
Contingency Reserve 857,002 0 0 857,002

(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Interior Designer 10,000 0 0 10,000
Survey 15,000 0 0 15,000
Travel Expenses 7,500 0 0 0
Organizational/Filing Fees 2,000 0 0 0
Office Expesnes/Copies/Postage: 10,000 0 0 2,500
Tenant Relocation 25,000 0 0 25,000
Security/Mgmt expenses during Const. 15,000 0 0 7,500
PSA LOC 8,000 0 0 0
Replacement Reserves 88,800 0 0 0
VHDA Application Fee 500 0 0 0
0 0 0 0
Purchase of Reserves 3,919,023 0 0 0
0 0 0 0
VHDA TCAP/TCEP Admin Fee: 82,200 0 0 0
0 0 0 0
0 0 0 0
Subtotal (Other Owner Costs) $5,040,025 $0 $0 $917,002
2009 Page 19A


"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 26,440,082 7,648,450 0 11,893,756
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) 7,648,450 0 11,893,756
8. Adjustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)

(i) For Earthcraft or LEED Certification AND 60 Bonus Points 0 594,688
(ii) For QCT or DDA (Eligible Basis x 30%) 0 2,973,439
Total Adjusted Eligible basis 0 15,461,883
9. Applicable Fraction 100.0000% 100.0000% 100.0000%
10. Total Qualified Basis (Same as Part IX-C) 7,648,450 0 15,461,883

(Eligible Basis x Applicable Fraction)
11. Applicable Percentage 3.28% 3.28% 9.00%

(For 2009 9% competitive credits, use the May 2009 applicable percentages for acq.)
(For 9% non-competitive & tax exempt bonds, use the most recently published rates)
12. Maximum Allowable Credit under IRC §42 $250,869 $0 $1,391,570

(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $1,642,439
credit amount requested) Combined 30% & 70% P. V. Credit
2009 Page 20
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 Person
1. VHDA Taxable Mortgage 07/15/09 $719,881 VHDA-John Hastings
2. VHDA Assumed Mortgag 07/15/09 $3,121,555 VHDA-John Hastings
3. VHDA SPARC 07/15/09 $950,000 VHDA-John Hastings
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. VHDA Taxable Mortgage 07/15/09 $719,881 $63,387 8.00% 30 30
2. VHDA Assumed Mortgag 07/15/09 $3,121,555 $581,460 9.16% 40 40
3. VHDA SPARC 07/15/09 $950,000 $0 0.00% 1000 0
4. Project Reserves N/A $3,919,023 $0 0.00% 1000 0
5. $0 $0 0.00% 1000 0
6. $0 $0 0.00% 1000 0
Totals: $8,710,459 $644,847
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. TCAP N/A N/A $4,522,456
Total Permanent Grants: $4,522,456

2009 Page 21
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 $1,712,396
Other: $0
Equity Total $1,712,396
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $14,945,311
(not including syndication proceeds except for historic tax credits)
8. Total Development Cost $26,440,082

(From VIII-A5)
9. Less Total Sources of Funds (From B7 above) $14,945,311
10. Equals equity gap to be funded with low-income tax credit

proceeds (must equal IX-D3) $11,494,771
C. Syndication Information (If Applicable)
1. Actual or Anticipated Name of Syndicator TBD

2. Contact Person Phone
3. Street Address
City State Zip
4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $11,494,771

b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.70
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.98%
d. Net credit amount anticipated by user of credits $1,642,110
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) $11,494,771
6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $1,642,439
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 69.99%
8. Syndication: Public or Private

9. Investors: Individual or Corporate
Syndication commitment or letter of intent attached (TAB U)
2009 Page 22
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 $719,881

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 $950,000 Section 223(f) $0
HOME Funds $0 Other: $0
Other: $0
Other: $0
Grants Grants
CDBG $0 State $0
UDAG $0 Local $0
Other: TCAP $4,522,456
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. $0
5. $0
3. Does any of your financing have any credit enhancement? Yes No

If yes, list which financing and describe the credit enhancement:
4. Other Subsidies Documentation Attached (TAB Q)

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
2009 Page 23
IX. ADDITIONAL INFORMATION
A. Extended Use Restriction
NOTE: Each recipient of an allocation of credits will be required to record an extended use agreement as required 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.
This development will be subject to the standard extended use agreement which permits early
termination (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 any
early 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 any
early 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
attached nonprofit questionnaire, or local housing authority will have the option to purchase
or the right of first refusal to acquire the development for a price not to exceed the outstanding
debt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancing
is 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:
2. A qualified nonprofit or local housing authority submits a homeownership plan committing to

sell the units in the development after the mandatory 15-year compliance period to tenants whose
incomes 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)
C. Building-by-Building Information (Complete page 25 as appropriate)
2009 Page 24
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 have them by the time of
allocation request).
NUMBER 30% Present Value 30% Present Value

OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
1. 4 2600-2606 High Street $137,451 3.28% 4,508 $0 0.00% 0 $277,866 9.00% 25,008
2. 4 2608-2614 High Street $137,451 3.28% 4,508 $0 0.00% 0 $277,866 9.00% 25,008
3. 6 2616-2626 High Street $228,102 3.28% 7,482 $0 0.00% 0 $461,125 9.00% 41,501
4. 6 2628-2638 High Street $206,176 3.28% 6,763 $0 0.00% 0 $416,799 9.00% 37,512
5. 4 2640-2646 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
6. 4 2648-2654 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
7. 4 2656-2662 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
8. 4 2664-2670 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
9. 4 2700-2706 High Street $137,451 3.28% 4,508 $0 0.00% 0 $277,866 9.00% 25,008
10. 4 2708-2714 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
11. 4 2716-2722 High Street $137,451 3.28% 4,508 $0 0.00% 0 $277,866 9.00% 25,008
12. 4 2724-2730 High Street $152,068 3.28% 4,988 $0 0.00% 0 $307,417 9.00% 27,667
13. 4 2732-2738 High Street $137,451 3.28% 4,508 $0 0.00% 0 $277,866 9.00% 25,008
14. 8 1100A-1100H Virginia Avenue $167,252 3.28% 5,486 $0 0.00% 0 $338,112 9.00% 30,430
$2,535,697 $0 $5,126,091
$83,171 $0 $461,348
Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
2009 Page 25


TAX MARKET
17. 8 1103A-1103H Mt. Vernon Avenue $167,252 3.28% 5,486 $0 0.00% 0 $338,112 9.00% 30,430
21. 8 1107A-1107H Mt Vernon Avenue $167,252 3.28% 5,486 $0 0.00% 0 $338,112 9.00% 30,430
$3,035,470 $0 $6,136,419
$99,563 $0 $552,278
2009 Page 25 (2)



TAX MARKET
44. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
45. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
46. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
47. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
48. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$2,077,283 $0 $4,199,374
$68,135 $0 $377,944
2009 Page 25 (3)

D. Determination of Reservation Amount Needed
The following calculation of the amount of credits needed is substantially the same as the calculation which will be made by VHDA to
determine, as required by the IRC, the amount of credits which may be allocated for the development. However, VHDA at all times retains the
right to substitute such information and assumptions as are determined by VHDA to be reasonable for the information and assumptions
provided herein as to costs (including development fees, profits, etc.), sources for funding, expected equity, etc. Accordingly, if the
development is selected by VHDA for a reservation of credits, the amount of such reservation may differ significantly from the amount you
compute below.
1. Total Development Costs (from VIII-A5, Column A page 20) $26,440,082
2. Less Total Sources of Funds (from VIII-B7 page 22) $14,945,311
3. Equals Equity Gap $11,494,771
4. Divided by Net Equity Factor (VIII-C7 page 22) 69.99%

(Percent of 10-year credit expected to be raised as equity investment)
5. Equals Ten-Year Credit Amount Needed to Fund Gap $16,424,386
Divided by ten years 10
6. Equals Annual Tax Credit Required to Fund the Equity Gap $1,642,439
7. The Maximum Allowable Credit Amount $1,642,439

(from VIII-A12-combined figure)
(This amount must be equal to or more than 6 above)
8. Reservation Amount (Lesser of 6 or 7 above)

Credit per Unit 5,549 Combined 30% & 70% PV Credit
Credit per Bedroom 2,422 $1,642,439

Comprised of
$250,869 and $1,391,570

30% PV Credit 70% PV Credit
(Based on same relative percentages as VIII-A12)
E. Attorney’s Opinion Goal Seek Function

Attached in Mandatory TAB W) If you incur the error message that your reservation amount is not equal
to the equity gap amount you may use the goal seek function within the Excel
spreadsheet to eliminate the error message. To use the “Goal Seek” function first
place the curser box on cell V28. Using the mouse arrow, point and click on
“Tools” on the top line and then click on the “Goal Seek” option. A box will
appear with the V28 cell shown in the top space, place the cursor in the middle
box and type in the new amount that you want the equity gap to be which should
be the reservation amount below, then place the cursor in the bottom space and at
the bottom of the page click on page 22. Then place the cursor on cell N15
(Deferred Developer Fee) and click on “OK”. A message should then appear that
a solution has been found and if the amount is correct click “OK”. If the amounts
are now equal the error message will disappear.
2009 Page 26
F. Statement of Owner
The undersigned hereby acknowledges the following:
1. that, to the best of its knowledge and belief, all factual information provided herein or in connection
herewith is true and correct, and all estimates are reasonable.
2. that it will at all times indemnify and hold harmless VHDA and its assigns against all losses, costs,
damages, VHDA's expenses, and liabilities of any nature directly or indirectly resulting from, arising out of,
or relating to VHDA's acceptance, consideration, approval, or disapproval of this reservation request and
the issuance or nonissuance of an allocation of credits, grants and/or loan funds in connection herewith.
3. that points will be assigned only for representations made herein for which satisfactory documentation is
submitted herewith and that no revised representations may be made in connection with this application
once the deadline for applications has passed.
4. that this application form, provided by VHDA to applicants for tax credits, including all sections herein
relative to basis, credit calculations, and determination of the amount of the credit necessary to make the
development financially feasible, is provided only for the convenience of VHDA in reviewing reservation
requests; that completion hereof in no way guarantees eligibility for the credits or ensures that the amount
of credits applied for has been computed in accordance with IRC requirements; and that any notations
herein describing IRC requirements are offered only as general guides and not as legal authority.
5. that the undersigned is responsible for ensuring that the proposed development will be comprised of
qualified low-income buildings and that it will in all respects satisfy all applicable requirements of federal
tax law and any other requirements imposed upon it by VHDA prior to allocation, should one be issued.
6. that, for the purposes of reviewing this application, VHDA is entitled to rely upon representations of the
undersigned as to the inclusion of costs in eligible basis and as to all of the figures and calculations relative
to the determination of qualified basis for the development as a whole and/or each building therein
individually as well as the amounts and types of credit applicable thereof, but that the issuance of a
reservation based on such representation in no way warrants their correctness or compliance with IRC
requirements.
7. that VHDA may request or require changes in the information submitted herewith, may substitute its own
figures which it deems reasonable for any or all figures provided herein by the undersigned and may reserve
credits, if any, in an amount significantly different from the amount requested.
8. that reservations of credits are not transferable without prior written approval by VHDA at its sole
discretion.
2009 Page 27
2009 LIHTC SELF SCORE SHEET:
Self Scoring Process
This worksheet is intended to provide you with an estimate of your application score based on the selection criteria described in the
QAP. Most of the data used in the scoring process is automatically entered below as you fill in the application. Other items,
denoted below in the green shaded cells, are items that are typically evaluated by VHDA’s staff during the application review and
feasibility analysis. For purposes of self scoring, it will be necessary for you to make certain decisions and assumptions about your
application and enter the appropriate responses in the green shaded cells of this score sheet. All but two require yes/no responses,
in which case enter Y or N as appropriate. Item 2b pertaining to the Local CEO Letter will require one of the following responses: Y
– the letter indicates unconditional support; N – the letter indicates opposition to the project; NC – no comment from the locality, or
any other response which is neither unconditional support nor opposition. Item 5e1 requires a numeric value to be entered. Please
remember that the score is only an estimate based on the selection criteria using the reservation application data and the
responses you’ve entered on this score sheet. VHDA reserves the right to change application data and/or score sheet responses
where appropriate, which may change the final score.
MANDATORY ITEMS: Score

a. Signed, completed application Y Y or N 0
b. Duplicate copy of application Y Y or N 0
c. Partnership agreement Y Y or N 0
d. SCC Certification Y Y or N 0
e. Previous participation form Y Y or N 0
f. Site control document Y Y or N 0
g. Architect's Certification Y Y or N 0
h. Attorney's opinion Y Y or N 0
i. Nonprofit questionnaire (if NP) N/A Y, N, N/A 0
0.00
1. READINESS:
a. Plan of development N 0 or 40 0.00
b. Zoning approval Y 0 or 40 40.00
Total: 40.00
2. HOUSING NEEDS CHARACTERISTICS:

a. VHDA notification letter to CEO Y 0 or -50 0.00
b. Local CEO letter (Y,NC,N) Y 0 or 25 or 50 50.00
c. Location in a revitalization area N 0 or 30 0.00
d. Location in a Qualified Census Tract Y 0 or 5 0.00
e. Sec 8 or PHA waiting list preference Y 0 or 10 10.00
f. Subsidized funding commitments 0.00% Up to 40 0.00
g. Existing RD, HUD Section 8 or 236 program Y 0 or 20 20.00
h. Tax abatement or new project based rental subsidy (HUD or RD) N 0 or 10 0.00
i. Census tract with <10% poverty rate, no tax credit units N 0 or 25 0.00
j. Development listed on the Rural Development Rehab Priority List N 0 or 15 0.00
Total 80.00
3. DEVELOPMENT CHARACTERISTICS:
a. Unit size (See calculations below) Up to 100 100.00
b. Amenities (See calculations below) Up to 60 34.00
c. Project subsidies/HUD 504 accessibility for 5 or 10% of units N 0 or 50 0.00
or d. HCV payment standard/HUD 504 accessibility for 5 or 10% of units N 0 or 30 0.00
or e. HUD 504 accessibility for 4% of units Y 0 or 15 15.00
f. Proximity to public transportation Y10 0, 10 or 20 10.00
g. Development will be Earthcraft or LEED certified Y 0 or 30 30.00
h. VHDA Certified Property Management Agent Y 0 or 25 25.00
i. Units constructed to meet VHDA's Universal Design standards 0% Up to 15 0.00
j. Developments with less than 100 units Up to 20 0.00
Total 214.00
4. TENANT POPULATION CHARACTERISTICS:

a. <= 20% of units having 1 or less bedrooms Y 0 or 15 15.00
b. Percent of units with 3 or more bedrooms 35.14% Up to 15 15.00
Total 30.00
5. SPONSOR CHARACTERISTICS:
a. Developer experience - 3 developments with 3 x units or 6 developments with 1 x units Y 0 or 50 50.00
or b. Developer experience - 1 development with 1 x units N 0 or 10 0.00
c. Developer experience - uncorrected major violation N 0 or -50 0.00
d. Developer experience - noncompliance Enter Total Negative N 0 or -15 0.00
e1. Developer experience - did not build as represented Points Here: 0 0 or -x 0.00
e2. Developer experience - termination of credits by VHDA N 0 or -10 0.00
f. Management company rated unsatisfactory N 0 or -25 0.00
g. LEED accredited design team member Y 0 or 10 10.00
Total 60.00
6. EFFICIENT USE OF RESOURCES:

a. Credit per unit If #N/A or #REF! appears in the score column of these point Up to 180 88.64
b.2009
Cost per unit categories check spelling of Clerk's Office on pg 1. It must match Up to 75 37.05
Total exactly with the Jurisdiction names listed in the Application Manual. 125.69
7. BONUS POINTS: Locality AMI State AMI

a. Units with rents at or below 40% of AMI $65,100 $50,600 10% Up to 10 10.00
b. Units with rent and income at or below 50% of AMI 100% Up to 50 50.00
or c. Units with rents at or below 50% rented to tenants at or below 60% of AMI 100% Up to 25 0.00
or d. Units in Low Income Jurisdictions with rents <= 50% rented to tenants with <= 60% of AMI 100% Up to 50 0.00
e. Extended compliance 35 Years 40 or 50 50.00
or f. Nonprofit or LHA purchase option N 0 or 60 0.00
or g. Nonprofit or LHA Home Ownership option N 0 or 5 0.00
Total 110.00
500 Point Threshold - 9% Credits TOTAL SCORE: 659.69

475 Point Threshold - Tax Exempt Bond Credits
Unit Size Calculations:

E-AS LVG E-EFF E-1 BDRM E-2 BDRM
High Sq.Ft. / BDRM 0 0 0 0
Low Sq.Ft. / BDRM 0 0 0 0
Project Sq.Ft. / BDRM 0 0 0 0
Percentage of Units 0.00% 0.00% 0.00% 0.00%
Points per Bedroom 0.00 0.00 0.00 0.00
F-EFF-G F-1 BDRM-G F-2 BDRM-G F-3 BDRM-G

High Sq.Ft. / BDRM 0 625 900 1,000
Low Sq.Ft. / BDRM 0 500 675 800
Project Sq.Ft. / BDRM 0 721 939 1,099
F-4 BDRM-G F-2 BDRM-TH F-3 BDRM-TH F-4 BDRM-TH

High Sq.Ft. / BDRM 0 0 1,175 1,225
Low Sq.Ft. / BDRM 0 0 925 1,000
Project Sq.Ft. / BDRM 0 0 1,349 1,493
1 ST ELD-EFF 1 ST ELD-1 BDRM 1 ST ELD-2 BDRM If you do not receive a numeric point value
High Sq.Ft. / BDRM 0 0 0 in the unit size calculations, please
Low Sq.Ft. / BDRM 0 0 0 check the values entered on page 8, C1.
Project Sq.Ft. / BDRM 0 0 0 These must be whole number numeric
Percentage of Units 0.00% 0.00% 0.00% values only. Also check page 7, item 3,
Points per Bedroom 0.00 0.00 0.00 the number of units must be either new,
adapt or rehab only. Combinations do
Total Unit Size Points: 100.00 not calculate correctly.
Amenities:
All units have:
a. 1.5 or 2 Bathrooms 0.00% 0.00
b. Community Room 5.00
c. Brick Walls 0.00% 0.00
d. Kitchen/Laundry Appl-Energy Star 5.00
e. Windows-Energy Star 5.00
f. Heat/AC-SEER-AFUE 10.00
g. Sub-metered water expense 0.00
h. Low flow faucets & showerheads 3.00
i. High speed cable, DSL, wireless internet 1.00
j. Water heaters meet EPA Energy Star requirements 5.00
Total 34.00
All elderly units have:
a. Front-control ranges 0.00
b. Emergency call system 0.00
c. Independent/suppl. heat source 0.00
d. Two eye viewers 0.00
Total 0.00
All rehab or adaptive reuse units:

b. Historic structure 0.00
Total amenities: 34.00
2009
$/SF = $79.82 Credits/SF = $7.19 Const $/unit = $29,492
TYPE OF PROJECT FAMILY = 11000; ELDERLY = 12000 11000 If an ERROR message appears here check
LOCATION BELT=100; NVM=110; NVNM=200; RIC=300; TID=400; SMA=500; SMA-C=510; RUR=600 400 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(25,000+)=3; REHAB(15,000-25,000)=4 3 match exactly with the Jurisdiction names
listed in the Application Manual.
ELDERLY
AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
AVG UNIT SIZE 0 0 0 0 0 0 0
NUMBER OF UNITS 0 0 0 0 0 0 0
PARAMETER-(COSTS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0
COST PARAMETER 0 0 0 0 0 0 0
PROJECT COST PER UNIT 0 0 0 0 0 0 0
PARAMETER-(CREDITS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0
CREDIT PARAMETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0
COST PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FAMILY
EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
AVG UNIT SIZE 0 721 939 1,099 0 0 1,349 1,493
NUMBER OF UNITS 0 48 144 48 0 0 26 30
PARAMETER-(COSTS=>25,000) 0 115,978 150,463 175,838 0 0 204,152 215,540

PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0 0
COST PARAMETER 0 115,978 150,463 175,838 0 0 204,152 215,540

PROJECT COST PER UNIT 0 57,527 74,936 87,738 0 0 107,708 119,188
PARAMETER-(CREDITS=>25,000) 0 10,232 13,274 15,512 0 0 19,733 20,833

PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0 0
CREDIT PARAMETER 0 10,232 13,274 15,512 0 0 19,733 20,833

PROJECT CREDIT PER UNIT 0 5,182 6,750 7,903 0 0 9,702 10,736
COST PER UNIT POINTS 0.00 6.13 18.32 6.09 0.00 0.00 3.11 3.40
CREDIT PER UNIT POINTS 0.00 14.41 43.04 14.32 0.00 0.00 8.04 8.84
TOTAL COST PER UNIT POINTS 37.05
TOTAL CREDIT PER UNIT POINTS 88.64
Cost Parameters - Elderly

Standard Cost Parameter - low rise 0 0 0 0 0 0 0
Parameter Adjustment - mid rise 0 0 0 0 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 0 0 0 0 0
Credit Parameters - Elderly

Standard Credit Parameter - low rise 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 0 0 0 0 0
Cost Parameters - Family

Standard Parameter - low rise 0 115,978 150,463 175,838 0 0 204,152 215,540
Parameter Adjustment - mid rise 0 0 0 0 0 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 115,978 150,463 175,838 0 0 204,152 215,540
Credit Parameters - Family

Standard Credit Parameter - low rise 0 10,232 13,274 15,512 0 0 19,733 20,833
Adjusted Credit Parameter 0 10,232 13,274 15,512 0 0 19,733 20,833
2009
$/SF = $79.82 Credits/SF = $7.19 Const $/unit = $29,492
TYPE OF PROJECT FAMILY = 11000; ELDERLY = 12000 11000 If an ERROR message appears here check
LOCATION BELT=100; NVM=110; NVNM=200; RIC=300; TID=400; SMA=500; SMA-C=510; RUR=600 400 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(25,000+)=3; REHAB(10,000-25,000)=4 3 match exactly with the Jurisdiction names
listed in the Application Manual.
ELDERLY
AVG UNIT SIZE 0 0 0 0 0 0 0
NUMBER OF UNITS 0 0 0 0 0 0 0
PARAMETER-(COSTS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0
COST PARAMETER 0 0 0 0 0 0 0
PROJECT COST PER UNIT 0 0 0 0 0 0 0
PARAMETER-(CREDITS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0
CREDIT PARAMETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0
COST PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FAMILY
AVG UNIT SIZE 0 721 939 1,099 0 0 1,349 1,493
NUMBER OF UNITS 0 48 144 48 0 0 26 30
PARAMETER-(COSTS=>25,000) 0 115,978 150,463 175,838 0 0 204,152 215,540

PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0 0
COST PARAMETER 0 115,978 150,463 175,838 0 0 204,152 215,540

PROJECT COST PER UNIT 0 57,527 74,936 87,738 0 0 107,708 119,188
PARAMETER-(CREDITS=>25,000) 0 10,232 13,274 15,512 0 0 19,733 20,833

PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0 0
CREDIT PARAMETER 0 10,232 13,274 15,512 0 0 19,733 20,833

PROJECT CREDIT PER UNIT 0 5,182 6,750 7,903 0 0 9,702 10,736
COST PER UNIT POINTS 0.00 6.13 18.32 6.09 0.00 0.00 3.11 3.40
CREDIT PER UNIT POINTS 0.00 14.41 43.04 14.32 0.00 0.00 8.04 8.84
TOTAL COST PER UNIT POINTS 37.05
TOTAL CREDIT PER UNIT POINTS 88.64
Cost Parameters - Elderly

Standard Cost Parameter - low rise 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 0 0 0 0 0
Credit Parameters - Elderly

Standard Credit Parameter - low rise 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 0 0 0 0 0
Cost Parameters - Family

Standard Parameter - low rise 0 115,978 150,463 175,838 0 0 204,152 215,540
Adjusted Cost Parameter 0 115,978 150,463 175,838 0 0 204,152 215,540
Credit Parameters - Family

Standard Credit Parameter - low rise 0 10,232 13,274 15,512 0 0 19,733 20,833
Adjusted Credit Parameter 0 10,232 13,274 15,512 0 0 19,733 20,833
2009
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Qualified Census Tract Certification
Development Name: London Oaks

Tracking #: 2009-Z-077
1. General Instructions
• This Certification must be included with the Application (by Application Deadline,
5/15/09).
• The Owner/Developer completes this Certification.
• Any change in this form may result in a reduction of points under the scoring system. If
you have any questions, please call Jim Chandler at VHDA (804) 343-5786.
2. Definition of Qualified Census Tract

Pursuant to §42(d)(5)(C)(ii) of the IRC, a qualified census tract is, “(I) Any census tract
which is designated by the Secretary of Housing and Urban Development and, for
the most recent year for which census data are available on household income in
such tract, either in which 50% or more of the households have an income which is
less than 60% of the area median gross income (AMGI) for such year or which has a
poverty rate of at least 25%. If the Secretary of Housing and Urban Development
determines that sufficient data for any period are not available to apply this clause
on the basis of census tracts, such Secretary shall apply this clause for such period on
the basis of enumeration districts. (II) The portion of a metropolitan statistical area
(MSA) which may be designated shall not exceed an area having 20% of the
population of such MSA. (III) Each MSA shall be treated as a separate area and all
non-metropolitan areas in a State shall be treated as one area.”
3. Census Tract #(s):

2105
To determine the development’s census tract, go to http://map.sba.gov/hubzone/init.asp and

put in the development address or county. The census tract number will be revealed
after pressing the “search” button. On a rare occasion, when a development spans
more than one census tract, this website may show incomplete information. IF the
subject development is across census tracts, please list each census tract by number
and provide supporting documentation.
Attach a map showing census tract boundaries and the development’s location!
4. Legal Description
Attach a copy of the development’s legal description; the legal description should
correspond to the site control document in the Application.
Location Map
2680 High Street, Portsmouth, VA 23707 - Google Maps Page 1 of 1
Address 2680 High St

Portsmouth, VA 23707
©2009 Google - Map data ©2009 Tele Atlas - Terms of Use
mhtml:file://S:\Finkle\Transactions\F&W\Properties\London Oaks\2009 VHDA 9% Appli... 5/12/2009

Surveyor’s Certification of Proximity
To Public Transportation
TAB B
(Partnership or Operating Agreement)
LIMITED PARTNERSHIP AGREEMENT
LONDON OAKS PRESERVATION, L.P.

____________________________________
THE UNDERSIGNED are executing this Agreement of Limited Partnership (the

“Agreement”) for the purpose of forming LONDON OAKS PRESERVATION, L.P., a
Delaware limited partnership (the “Partnership”), pursuant to the provisions of the
Delaware Revised Uniform Partnership Act, (the “Delaware Act”), and do hereby state the
following:
1. The undersigned agree to form the Partnership under the Delaware Act
pursuant to this Agreement and the Certificate of Limited Partnership attached hereto and
made a part hereof as Exhibit A, which is being filed with the Secretary of State of
Delaware in connection with the execution of this Agreement.
2. The Partnership is being formed for the purpose of engaging in any lawful act
or activity for which limited partnerships may be formed under the Delaware Act, and
engaging in any and all activities recurring, convenient, desirable or incidental to the
foregoing.
3. The general partner of the Partnership is London Oaks Preservation GP, LLC,
a Delaware limited liability company (the “General Partner”). The initial limited partner of
the Partnership is Mark E. Carbone (the “Initial Limited Partner”, together with the
General Partner, collectively, the “Partners”).
4. The percentage interest of the Partners and their capital contributions are set
forth on Schedule I attached hereto and made a part hereof.
5. Profits, losses and distributions will be allocated pro rata among the Partners in
proportion to their capital contributions.
6. Amendments to this agreement, or any change in the ownership of the

Partnership, will be evidenced by written agreement signed by the Partners. Pending any
replacement or amendment of this agreement, the Partners intend the provisions of the
Delaware Act to be controlling as to any matters not set forth in this Agreement.
[Signature page follows immediately]
27087_V1
London Oaks Preservation, L.P.
London Oaks Preservation, L.P.
London
London Oaks
Oaks Preservation
Preservation GP,
GP, LLC
LLC Mark
Mark Carbone
Carbone
.01%
.01% General
General Partner
Partner 99.99%
99.99% Limited
Limited Partner
Partner
Related
Related Apartment
Apartment MRAP,
MRAP, LLC
LLC Tiki
Tiki Ventures
Ventures VA1,
VA1, LLC
LLC Affordable
Affordable Holdings,
Holdings, LLC
LLC
Preservation,
Preservation, LLC
LLC 16%
16%Member
Member 10%
10%Member
Member 5%
5%Member
Member
69%
69%Member
Member
The
The Related
Related Companies,
Companies, L.P.
L.P. Mark
Mark E.
E. Carbone
Carbone Matthew
Matthew Finkle
Finkle
100%
100%Member
Member 100%
100%Member
Member 100%
100%Member
Member
Akiim
Akiim Kiambu
Kiambu Barber
Barber Mark
Mark Lepselter
Lepselter Drew
Drew Sheinman
Sheinman Joseph
Joseph AA Baratta
Baratta Arthur
Arthur L.
L. Aidala
Aidala
51%
51%Member
Member 24.5%
24.5% Member
Member 12.25%
12.25% Member
Member 6.125
6.125 %
%Member
Member 6.125%
6.125% Member
Member
Stephen
Stephen M.
M. Ross
Ross Jeff
Jeff T.
T. Blau
Blau Bruce
Bruce A.
A. Beal
Beal Michael
Michael Brenner
Brenner
86.5%
86.5% Member
Member 88 %
% Member
Member 4.5%
4.5% Member
Member 1%
1%Member
Member
5/12/2009
TAB C
(VA SCC Certification)
TAB D
(Principal’s Previous Participation Certification)
TAB F
(Architect’s Certification)
EarthCraft Multifamily Professional Training Listing
(This is a list of attendees only as of 5/6/09 and includes persons who are not registered Architects.)
First Name Last Name Affiliation Course Date

Bob Aaron Harkins Building Inc 06/26/2008
Amanda Adams CJMW Architecture 12/15/2008
Philip Agee EarthCraft Virginia 06/26/2008
Bryan Ailey People Inc. of SWVA 10/25/2007
Dewayne Alford Chesapeake Redevelopment and Housing Authority 05/31/2007
Lee Alford BHC 05/31/2007
Lee Alford Better Housing Coalition 05/06/2009
Jeff Allen Related Affordable 06/26/2008
John Allison Rehab Builders, Inc. 12/15/2008
Steve Ames Rehab Builders, Inc. 12/15/2008
Corbin Anderson CTA Development, LLC 12/15/2008
Charles Ansell ACA Architects, PC 05/06/2009
Michael Antonik Related Affordable 06/26/2008
Richard Armstrong Southpart Financial Services 01/30/2008
Colin Arnold Community Design Studio 05/31/2007
Jeremy Arnold Bonstra Haresign Architects, LLP 09/12/2008
Tom Ayd Green Street Housing, LLC 02/26/2009
David Baker Bonstral Haresign Architects 05/31/2007
Lou Balodemas Baodemas Architects 01/30/2008
Corey Barnes CJMW Architecture 12/15/2008
Ronald Barnes Fixture Specialists Inc. 01/30/2008
Jeffrey Barrett Piedmont Housing Alliance 02/26/2009
Tom Barrett Danville RHA 05/31/2007
Larry Barton DBA Architect Planner 10/25/2007
Gary Bell Rehab Builders, Inc. 12/15/2008
Ariadna Belmonte Rust-Orling Architecture, Inc. 10/25/2007
Michael Binette The Architectural Team 05/06/2009
Flay Blalock Rehab Builders, Inc. 12/15/2008
Ben Bloschock Artisan Construction Inc 12/05/2007
Kevin Blount CDSI 02/26/2009
Daniel Bolinaga Virginia Beach Community Development Corporation12/15/2008
Wayne Bolton Temperature Control Mechanical System 06/26/2008
Catherine Bond The Lane Group, Inc. 02/26/2009
Christina Borland 06/26/2008
Don Bosserman Countryside Service Company, LC 09/12/2008
Nell Boyle Breakell, Inc. 02/26/2009
Richard Brassfield HHHunt 01/30/2008
Ben Broderson Landmark Asset Services 12/15/2008
Greg Brown Apartment Investment and Management Company (A 05/31/2007
Bruce Browning Rehab Builders, Inc. 12/15/2008
David Bruce Eagle Construction of VA, LLC 05/06/2009
Jim Bryan Heffner Architects 02/26/2009
Rob Buchanan Waverton Associates, inc. 05/06/2009
Peter Bunai Bunai + Drake, Inc. 12/05/2007
James Bundy Bundy A&E 10/25/2007
James Bundy Bundy Architecture and Engineering 02/26/2009
Wayne Burrell Holy Tabernacle Housing and Economic Developme 10/25/2007
First Name Last Name Affiliation Course Date
Matthew Burton DJG Architects,Inc. 10/25/2007
Don Buschker Rehab Builders, Inc. 12/15/2008
Mike Butler Paradigm Development Company 05/31/2007
Robert Butwin Etc Companies LLC 01/30/2008
Elizabeth Byrd Virginia Non-profit Housing Coalition 12/05/2007
Theodore Cage Wiencek and Associates 09/12/2008
Richard Cain Viteri Construction Management, Inc. 05/31/2007
Andy Caldwell Lemay Associates 12/05/2007
Joe Callahan Shenandoah Area Agency on Aging 10/25/2007
Patrick Callahan Masco Contracting Services 06/26/2008
Alex Cannon Cannon Properties, Ltd. 02/26/2009
Larry Canterbury Canterbury Construction, Inc. 06/26/2008
Sean Casey HFH - Nova 06/26/2008
Hsien-Yuan Chen Wiencek and Associates 09/12/2008
Tarik Claiborne VHDA 02/26/2009
Dave Colby Callis Stephens, Inc. 12/15/2008
Kevin Coles BHC 06/26/2008
Chris Conway 12/15/2008
Matt Corell Bonstral Haresign Architects 05/31/2007
Scott Corwin Johannas Design Group 09/12/2008
Steve Cox People Inc. of SWVA 10/25/2007
Jeanie Cummins RPJ Housing 05/31/2007
Mark Daly Nelligan Insulation 12/05/2007
Stuart Daniel Better Housing Coalition 02/26/2009
Tim Daniel Zavos Architecture and Design 06/26/2008
Douglas Dansey George A. Dansey, Inc. 09/12/2008
Ray Day, III Bozzuto Construction Company 02/26/2009
Joel De Leon Neale Architects 05/31/2007
William Deal, Jr. Pentecost, Deal & Associates, Inc. 02/26/2009
Daniel DeBettencourt dBF Associates 05/31/2007
Bruce DeSimone VHDA 12/05/2007
Frank DeStefano Destafano Design Group 01/30/2008
Byron Dickson Dickson Architects and Associates PC 05/31/2007
Dan Dills Dills Ainscough Duff 02/26/2009
Jimmy Dobson Paradigm Development Company 05/31/2007
Philip "Chip" Dodd Aurora Consulting LLC 01/30/2008
Barbara Dooley Breakell Inc. 02/26/2009
Alan Downie Hughes Associates Architects 01/30/2008
David Draper Collins & Kronstadt Architects 02/26/2009
Joyce Dudek AHIP 05/31/2007
Jim Dumminger Calloway, Johnson, Moore & West, P.A. 12/05/2007
Anne Durkin BAM Architects 06/26/2008
Hussein Easmeil Marlyn Development Corporation 01/30/2008
James Edwards Edwards Associates Architects 06/26/2008
John Edwards Bonstra Haresign Architects, LLP 09/12/2008
Doug Ellis Windows and More 06/26/2008
Pedro Escario Dills Ainscough Duff 06/26/2008
Jeffrey Farner City of Alexandria, Department of Planning/Zoning 06/26/2008
Michael Ferguson Dominion Due Diligence 12/05/2007
Amy Ferns AWB Engineers 02/26/2009
Lisa Ferretto Hord Coplan Macht 05/31/2007
Eric Fesperman Habitat for Humanity of Winchecter - FrederickCount 06/26/2008
Ross Fickenscher S & S Construction, Inc. 05/06/2009
Matthew Fine ZA+D, LLC 05/31/2007
Matthew Fitzgerald Urban Design Associates 09/12/2008
TAB G
Relocation Assistance Plan

London Oaks Apartments
Temporary Relocation Plan
This plan has been prepared in order to inform current residents of the intended
renovation of London Oaks Apartments and of measures planned by the owner of the
property to minimize the impact of this renovation on residents. This plan is believed and
intended to meet all requirements of the Virginia Housing Development Authority
(“Authority”) and shall be amended where necessary if found deficient by the Authority.
The plan is organized in the following five sections:
1) Contact information for the owner/developer and management company;

2) Scope of the renovation work;
3) Temporary relocation assistance and services to be offered;
4) Anticipated rents and rental policies after the renovation; and
5) Other measures planned to minimize construction impact
1) Contact Information
Owner/Developer
Name London Oaks Preservation, L.P.
Contact Person Matthew Finkle
Address 60 Columbus Circle
New York, NY 10023
Phone 212-801-1073
Management Company
Name F&W Management Corporation
Contact Person Cindy Thibodeau
Address 2680 High Street
Portsmouth, VA 23707
Phone 757-399-6347
2) Scope of the Renovation

The property will undergo a comprehensive renovation that will result in improved
comfort, safety and convenience for all residents. Some of the more significant work to
be performed to exterior and common areas will include: replacement of existing roof
shingles; installation of vinyl siding; installation of new windows; repair of stairs in
building breezeways; resurfacing of parking area; additional lighting throughout
property; improved landscaping;
Individual apartments will also be significantly improved with such items as new kitchen
and bathroom cabinetry and countertops, installation of new light fixtures and
replacement of windows. Replacement of existing kitchen and bathroom cabinetry will
require each resident to remove all of their belongings from their kitchen and bathrooms
prior to work beginning on their apartment. Furniture and belongings from rooms other
than the kitchen and bathroom need not be packed or moved. Packed-up kitchen and
bathroom items may be kept in unaffected rooms and closets for easy unpacking once
work is completed. Renovations in most apartments should take no more than four days
to complete. Management staff will inform each resident well in advance of the date
when their apartment is to be renovated to allow ample time for packing up belongings .
Renovations of individual apartments are scheduled to begin in Early 2010. Work shall
progress a building at a time, with all apartments completed in a building within two to
three weeks. All apartments in all buildings are scheduled for completion by end of 2010.
3) Temporary Relocation Assistance and Services to be Offered
London Oaks will not be vacated during renovation since the apartments will be livable
throughout the entirety of the construction. While specific apartments undergo
renovation during the day, the community room will be open to those tenants.
Construction will not proceed into the night.
London Oaks Apartments will also assist its residents in the packing of their kitchen and
bathrooms by providing packing materials such as cardboard boxes, tape, wrapping
paper, etc.
Management staff will be available throughout this process to answer questions and
provide any assistance.
4) Anticipated Rents and Rental Policies After Renovation

The owner of London Oaks Apartments intends to maintain the affordability of the
apartments by remaining in the section 8 program administered by the Virginia Housing
Development Authority. Upon renovation, rents are anticipated to remain the same,
which are approximately $572 for a one bedroom, $656 for a two bedroom, $827 or $864
for a three bedroom and $936 for a four bedroom apartment. However, the resident-paid
portion of the rent will remain limited by the resident’s income pursuant to the section 8
program; thus, it is not anticipated that the resident-paid portion of the rent will increase
due to the renovation of the property. There are no anticipated changes to rental policies
after renovation of the property has been completed.
5) Other Measures Planned to Minimize Construction Impact

To minimize disturbance and any anxiety residents may feel, management will endeavor
to keep all residents informed throughout the process. To address the needs of non-
English speaking residents, literature will be made available to them in the appropriate
language and interpreters will be provided. All affected residents will receive copies of
this renovation and relocation plan, current work will be highlighted in monthly
newsletters sent to all residents, and staff will be on site and available to assist residents
with questions or complaints as needed.
Construction crews will be responsible for maintaining a clean, safe site as they perform
their work. Construction work, particularly that which is loud or disturbing, will be
scheduled between 8AM-5PM and ample notice will be provided to all residents prior to
doing any work that requires access to their unit or otherwise affects them.
We will work to ensure that the renovation of the property causes as little inconvenience
to each resident as possible and are confident that each resident will be very happy with
the new London Oaks Apartments.
TAB H
(PHA/Section 8 Notification Letter)
TAB I
(Local CEO Letter)
The CEO Support letter will be submitted separately by June 1, 2009
TAB K
(Site Control Documentation)
TAB L
(Plan of Development Certification Letter)
TAB M
(Zoning Certification Letter)
TAB N
(Copies of 8609’s To Certify Developer Experience)
TAB Q
(Documentation of Rental Assistance)
TAB R
(Documentation of Operating Budget)
TAB S
(Documentation of Project Budget)
London Oaks Apartments ‐ Portsmouth, VA
Proposed Rehab Budget
Unit
Item Quantity Cost Sub‐Total
Bathrooms
Vanity 352 $450 $158,400
Lighting upgrade 352 $100 $35,200
Replaces Exhaust Fan 352 $125 $44,000
Medicine Cabinets 352 $150 $52,800
New GFI 352 $75 $26,400
Tubs & Surround 100 $1,200 $120,000
Painting 352 $100 $35,200
Low Flow Shower Head 298 $150 $44,700
New VCT / Limolium Floor 352 $250 $88,000
Kitchens
Cabinet Replacements 296 $2,600 $769,600
Counters 296 $300 $88,800
Refrigerators‐EnergyStar 296 $495 $146,520
Stoves‐EnergyStar 296 $455 $134,680
Dishwasher 296 $750 $222,000
Range Hood 200 $125 $25,000
Lighting Replacement 296 $100 $29,600
New GFI Outlet 296 $150 $44,400
Sinks‐stainless steel sink 296 $150 $44,400
Faucets‐single lever 296 $125 $37,000
New VCT flooring w/reducer strip 296 $250 $74,000
Painting 296 $150 $44,400
General Interior (BR/LR/DR)
Hot Water Heaters 296 $750 $222,000
Vestibule VCT Floor 296 $50 $14,800
VCT / Sub Floor Repairs 100 $3,500 $350,000
Replace Unit Lighting‐Hallway 888 $100 $88,800
Window Treatments 296 $150 $44,400
Replace Bedroom Light Bulbs 582 $10 $5,820
Interior Door Replacement 500 $100 $50,000
Entrance Door & Hardware 296 $800 $236,800
Duct Cleaning 296 $200 $59,200
Grill Replacement 296 $250 $74,000
AC replacement w/Furnace & Blower
1BR‐SEER 14 48 $3,400 $163,200
2BR‐SEER 14 144 $3,500 $504,000
3BR‐SEER 14 104 $3,800 $395,200
Common Areas
Office Upgrade‐Paint, Furniture ‐ ADA Ramps 1 $50,000 $50,000
Laundry Room upgrades 1 $20,000 $20,000
Community Room 1 $75,000 $75,000
Infill Pool 1 $45,180 $45,180
Building Envelope
Breezeway Repairs 30 $5,000 $150,000
Aluminum Fascia Boards 37 $3,000 $111,000
Gutters & Leaders 37 $3,000 $111,000
Roofs 1700 $300 $510,000
Attic Insulation 1700 $35 $59,500
Vinyl Siding 2700 $300 $810,000
Window Replacement (Inc Attic Stock) 1200 $400 $480,000
Sliding Door Replacement (Inc Attick Stock) 115 $800 $92,000
Extend Roof Lines 30 $5,000 $150,000
Site Improvements
Site Fencing Lump Sum $25,000 $25,000
Landscaping Lump Sum $130,000 $130,000
Site Signage Lump Sum $45,000 $45,000
Playground Lump Sum $60,000 $60,000
Exterior Lighting Lump Sum $50,000 $50,000
Parking Lot‐Repair Fill Pot Holes ‐ Top Coat Lump Sum $125,000 $125,000
Concrete‐repair damaged walks and curbs Lump Sum $78,000 $78,000
TOTAL 296 $25,845 $7,650,000
Cost Breakdown per unit (296)
Building Interiors $15,113 $4,473,320
Common Areas $643 $190,180
Site Improvements $1,733 $513,000
Building Envelope $8,356 $2,473,500
TOTAL $25,845 $7,650,000
Full Rehabilitation Budget per unit (296)
General Conditions (6%) $1,551 $459,000
Overhead (6%) $1,551 $459,000
Profit (2%) $517 $153,000
Contingency (10%) $2,584 $765,000
TOTAL $32,047 $9,486,000
TAB W
(Original Attorney’s Opinion)
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
VHDA Locality Notification Information Form
London Oaks / Portsmouth
Locality Notification Information Form
PART I - INSTRUCTIONS:
Section 42 (m)(1)(A)(ii) of the Internal Revenue Code requires allocating agencies to notify "the
Chief Executive Officer (CEO) or equivalent of the local jurisdiction within which the building is
located and provide such individual a reasonable opportunity to comment on the development."
VHDA uses information you provide in this form to comply with this requirement. If your
development overlaps two or more jurisdictions, you are required to submit this form for each.
New in 2009!
In addition to contacting the Locality CEO, VHDA will also be contacting the Mayor or Chairman
of the Board of Supervisors. It is probable that each position will have a separate mailing address.
Although VHDA prepares the documents sent to each locality, we rely on you, the
developer/Applicant, to provide us with key information, including the name of the locality having
jurisdiction over the development, names, addresses and salutations, as well as a summary of
basic development information.
If you already have a local support letter, you can include it with the application at TAB I.
However, you must still complete this form and submit it to VHDA or the application for this
development will be penalized 50 points!
For information about additional points associated with receiving a Support Letter from the local
jurisdiction, please refer to the Application Manual.
Developers seeking tax-exempt bond 4% credits or Non-Competitive 9% credits, should submit this
form at least 30 days prior to submission of the tax credit application.
50-Point Penalty:
Failure to complete and submit this form prior to 5:00 p.m. EST time on March 25, 2009 will result in a
50-point penalty (-50 points) for any application submitted in connection with the 2009
competitive tax credits.
Delivery of Electronic Copy of this form to VHDA:

via e-mail to TaxCreditApps@VHDA.com. E-mail only one form at a time!
If you use this e-mail option, you will receive an auto reply message confirming "message
received." The system DOES NOT confirm that an attachment has been received.
via regular mail (on CD) to:
VHDA
Tax Credit Allocation Department
c/o Debbie Griner
601 S. Belvidere Street
Richmond, VA 23220-6500
VHDA Contact Information:

Call Debbie Griner at 804-343-5518 if you have questions about completing this form.

PART II - CEO & JURISDICTION INFORMATION

Please read INSTRUCTIONS above carefully before completing the following sections.
A. Chief Executive Officer (CEO) Information
Name of CEO:
Kenneth L. Chandler
First Name Middle Initial Last Name
This is the full name of the City Manager, Town Manager, County Administrator,
Chief Administrative Officer, Executive Officer, etc.
Job Title: City Manager

e.g. "City Manager", "Town Manager", "County Administrator", "Executive Officer",
"Chief Administrative Officer", etc.
Local Jurisdiction: City of Portsmouth
e.g. "City of…", "Town of…" or "[ ] County"
Mailing Address/P.O. Box: 801 Crawford Street
This is the mailing address of the CEO and may not always be the same as the
physical address of the courthouse, town hall, municipal building, city hall, etc.
Please double check the address before entering.
Suite/Room # (if applicable):
City: Portsmouth
State: VA
Zip: 23704
This zip code must correspond to the P.O. Box or street address that you are using.
Note: Zip codes for P.O. boxes are usually different from the zip codes for the
street addresses.
Salutation: Mr.
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.
B. Mayor or Chairman of the Board of Supervisors Information
Name:
James W. Holley III
First Name Middle Initial Last Name
Job Title: Mayor

"Mayor" or "Chairman of the Board of Supervisors"
Local Jurisdiction: City of Portsmouth
Mailing Address/P.O. Box: 801 Crawford Street
This is the street address for the Admnistrator. May be different from CEO address.
Please double check the address before entering.
Suite/Room # (if applicable):

City: Portsmouth
State: VA
Zip: 23704
Be sure the zip code you pick up corresponds to the P.O. Box or street address
that you are using. Note: Zip codes for P.O. boxes are usually different from the zip
codes for the street addresses.
Salutation: The Honorable
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.

C. Jurisdiction Detail
Circuit Court Clerk's office in which the deed to the property is or will be recorded: City of Portsmouth
City/County of
Does the site overlap one or more jurisdictional boundaries? Yes No If yes, add the names of
the other jurisdiction(s) here:
City/County of City/County of
Development is located in a Metropolitan Statistical Area (MSA)? Yes No
Development's Census Tract: 2015.00
Census Tract Number
Is this a Qualified Census Tract? Yes No
Is the development located in a Difficult Development Area? Yes No
Is the development located in a revitalization area? Yes No
Congressional District 3 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf

Planning District 23 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 2 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 79 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf
Local Planning/Zoning Contact Info:
Best Person to Contact: Paul Holt

This is the person with whom you've previously spoken about the development and
whom can answer anticipated questions from the CEO.
Job Title: Director of Planning Department

e.g., "Director of Planning", "Planning Administrator", "Zoning Administrator", etc
Contact Phone: 757-393-8836 x4182
PART III - DEVELOPMENT INFORMATION

Proposed Development Name: London Oaks
This is the marketing name of your development
Proposed Development Address: 2680 High Street Portsmouth VA 23707
Street Address City State Zip
VHDA Tax Credit Pool: Tidewater MSA
In the space below, give a brief description of the proposed development.

This aging, existing 296 unit affordable housing development is in need of substantial rehabilitation.
Development Type: (Family or Elderly) Family

Describe Architectural Style: Traditional 2-story garden style apartments with pitched roofs
Describe Exterior Finish: Painted T1-11 siding
Describe Community Facilities: Playground, leasing office, community room, laundry room
1. Units:
Number of low-income units 296 # bedrooms 678
% Low-Income Units 100%
Number of new units # bedrooms
Number of adaptive reuse units # bedrooms
Number of rehabilitation units 296 # bedrooms 678
Total number of all units 296 Total # bedrooms 678
2. Floor Area:
Gross Residential Floor Area 302,422
Commercial Floor Area
Low-Income Floor Area 302,422
% Low-Income Unit Floor Area 100%
3. Number/Age of Buildings
Number of Buildings 43
Age of Building(s) 32 Number of stories: 2
4. Structural Features (check all that apply):

Row House/Townhouse Garden Apartments Slab on Grade
Detached Single-family Detached Two-family Basement
Elevator Crawl Space
5. Building Systems:
Describe Heating/AC System: Heat: Forced Hot Air (Gas), A/C: Split System

PART IV - OWNER & SELLER INFORMATION
A. Owner Information
Owner Name: London Oaks Preservation, L.P. Phone: (212) 801-1073
Best Person to Contact: Matthew Finkle
Street Address: 60 Columbus Circle
City, State & Zip: New York NY 10023
City State Zip
Type of entity: Limited Partnership Other:

Individual(s) Corporation
List of Principals. Use the following as a guide to listing principals.
1. If Partnership (owner or otherwise) - all GPs, regardless of % interest in GP

2. If an LLC - all members regardless of % interest
3. If a Corporation (public or private), Organization or Governmental Entity - officers who are directly responsible to
the Board of Directors (or equivalent) and any stockholder having a 25% or more interest
4. If a Trust - all persons having a 25% or more beneficial ownership interest in the assets of the trust
5. If an Individual (owner or otherwise) - anyone having a 25% or more ownership interest of the named individual
6. If Any Person that Directly or Indirectly Controls or Has the Power to Control a Principal
Names Phone Type of Ownership % Ownership
London Oaks Preservation GP, LLC 212-801-1073 GP .01%
Stephen M. Ross 212-421-5333 Member 86.5% of GP
Jeff T. Blau 212-421-5333 Member 8% of GP
Michael J. Brenner 212-421-5333 Member 1% of GP
Bruce A. Beal 212-421-5333 Member 4.5% of GP
B. Seller Information:
Seller Name: London Oaks Limited Partnership
Seller Phone: 540-774-1641
Street Address: 3130 Chaparral Drive, Suite 200
City, State & Zip: Roanoke VA 24018
City State Zip
Is there an identity of interest between the seller and owner/applicant? Yes No If yes, complete
the following:
Nature of Identity of Interest (1):

e.g. general partner, managing member, controlling shareholder, etc.
Name
Street Address
City, State & Zip:
City State Zip
Nature of Identity of Interest (2):

e.g. general partner, managing member, controlling shareholder, etc.
Name
Street Address
City, State & Zip:
City State Zip

London Oaks - 2009 VA

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

London Oaks - 2009 VA

Uploaded by

Copyright:

Available Formats

2009 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

Tax Exempt Bonds

Virginia Housing Development Authority

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

2009 Submission Checklist

VHDA TRACKING NUMBER 2009-Z-077

A. Development Name and Location:

14. Location Map Attached (TAB A)

2. Credits requested from:

Tax Exempt Bonds

This development will receive federal subsidies for:

D. Type(s) of Allocation/Allocation Year

E. Acquisition Credit Information

Ten-Year Rule For Acquisition Credits

F. Rehabilitation Credit Information

Minimum Expenditure Requirements

II. OWNERSHIP INFORMATION

Must be an individual or legally formed entity

Federal I. D. No. 26-1719203 (If not available, obtain prior to Allocation)

Is there an identity of interest between the seller and owner/applicant? Yes No

C. Development Team Information:

1. Tax Attorney: H. David Embree Related Entity? Yes No

2. Tax Accountant: Joseph Crivelli Related Entity? Yes No

3. Consultant: None Related Entity? Yes No

4. Management Entity (Contact): Charles Nimmo Related Entity? Yes No

5. Contractor (Contact): William C. Barton Related Entity? Yes No

6. Architect: Daniel J. deBettencourt Related Entity? Yes No

7. Real Estate Attorney: David Boccio Related Entity? Yes No

8. Mortgage Banker: Charles Wilson Related Entity? Yes No

9. Other (Contact): Michael Antonik Related Entity? Yes No

1. Nonprofit Involvement (All Applicants)

4. Identity of Nonprofit (All nonprofit applicants)

(Contact Person) (Street Address)

(City) (State) (Zip code)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)

III. DEVELOPMENT INFORMATION

A. Structure and Units:

2. The development's structural features are (check all that apply):

Row House/Townhouse Detached Single-family

5. Unheated Floor Area (Breezeways, Balconies, Storage) 20,400.00 (Sq. ft.)

6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)

8. Number of Buildings (containing rental units) 43

9. Commercial Area Intended Use: NA

Low-Rise (1-5 stories with any structural elements made of wood)

Exterior Finish: Painted T1-11 siding

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

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

The structure is listed individually in the National Register of Historic Places or is

Check one or none of the following point categories, as appropriate:

Earthcraft or LEED Development Certification

LEED Accredited Design Team Member

Universal Design - Units Meeting Universal Design Standards

VHDA Certified Property Management Agent

IV. TENANT INFORMATION

A. Set-Aside Election: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE

Units Provided Per Household Type:

B. Special Housing Needs/Leasing Preference:

5. If leasing preference will be given to individuals and families with children.

V. LOCAL NEEDS AND SUPPORT

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