Ferncliff South

INSTRUCTIONS FOR THE
VIRGINIA 2010 LIHTC APPLICATION FOR RESERVATION
This application was prepared using Excel, Microsoft Office 2003. Please note that using the active Excel
workbook does not eliminate the need to submit the required PDF of the signed hardcopy of the application and
related documentation. A more detailed explanation of application submission requirements is provided
below and in the Application Manual.
An electronic copy of your completed application is a mandatory submission item.
Applications For 9% Competitive Credits

Applicants should submit an electronic copy of the application either on CD or by email, or both, prior to the
application deadline, which is 2:00 PM Richmond Virginia time on March 12, 2010. Failure to submit an electronic
copy of the application by the deadline will cause the application to be disqualified.
Applications For Tax Exempt Bond Credits

Applicants should submit an electronic copy of the application either on CD or by email, or both, at the at the time
of application submission. Applications will not be processed until an electronic copy is received.
NEW in 2010
Applicants should submit all application materials in electronic format only beginning in 2010
There should be 6 distinct files saved to 1 or more CDs and should include the following:
1. Application For Reservation – the active Microsoft Excel workbook
2. A PDF file which includes the following:
- Application For Reservation – Signed version of hardcopy
- All application attachments (i.e. tab documents, excluding market study and plans & specs)
3. Market Study – PDF or Microsoft Word format
4. Plans - PDF or other readable electronic format
5. Specifications - PDF or other readable electronic format (may be combined into the same file as the plans if
necessary)
6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic format
Notes: -Do not submit any files on a flash drive.
-Do not submit any application materials via TaxCreditApps@VHDA.com or to any email address
Disclaimer:
VHDA assumes no responsibility for any problems incurred in using this spreadsheet or for the
accuracy of the calculations. Check your application for correctness and completeness before
submitting the application to VHDA.
Entering Data:
Enter numbers or text as appropriate in the blank spaces highlighted in yellow. All other cells are
protected and will not allow any changes. The format for cells has been set to accept text, currency,
percentages, etc. as appropriate. Enter any number without commas or dollar signs. Enter
percentages beginning with a decimal point. There is no text wrap-around feature, so care must be
taken to enter text so that it does not extend beyond the right margin of the page. Enter in only enough
text to fill one line and then drop to the first yellow cell of the next line. Each page of the application is a
separate sheet in the spreadsheet. The spreadsheet contains numerous error checks which are
designed to assist you in identifying potential mistakes in your application. Please note that these may
appear as you enter data because many are dependent on entries later in the application. Do not be
concerned with these messages until all data has been entered. Also note that some cells contain
error messages such as "#DIV/0!" before you begin. These warnings will disappear as you enter
numbers necessary to complete the application.
Assistance:
If you have any questions, please call Jim Chandler at (804) 343-5786, Dale Wittie at (804)
343-5876, Cara Wallo at (804) 343-5714, Jaynell McFarland at (804) 343-5733 or Debbie Griner
at (804) 343-5518. Please note that we cannot release the copy protection password.
Staff email addresses:

jim.chandler@vhda.com - dale.wittie@vhda.com
cara.wallo@vhda.com - jaynell.pittman-shaw@vhda.com - debbie.griner@vhda.com
v12.31.09 Instructions
2010 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 2:00 PM
Richmond, VA Time On March 12, 2010
Tax Exempt Bonds

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

601 South Belvidere Street
Richmond, Virginia 23220-6500
v12.31.09
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.
Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

Scanned Copy of the Signed Tax Credit Application with Attachments (excluding market study and plans & specs) (MANDATOR
Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)
Electronic Copy of the Plans (MANDATORY)
Electronic Copy of the Specifications (MANDATORY)
Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)
$750 Application Fee (MANDATORY)
Tab A: Documentation of Development Location:
A.1 Qualified Census Tract 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 & Most Recent Real Estate Tax Assessment (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:
Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population
Documentation of site location in an urban development area as defined in §15.2-2223.1of the Code of Virginia
Documentation of the development participating in a locally adopted affordable housing dwelling unit program area as
described in either §15.2-2304 or §15.2-2305 of the Code of Virginia
Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal
Tab W: Attorney's Opinion (MANDATORY)
Tab X: (Reserved)
Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504
v12.31.09 Submission Checklist

Low-Income Housing Tax Credit Application For Reservation
VHDA TRACKING NUMBER 2010-C-18

I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, 3/10/2010
the Internal Revenue Code of 1986, as amended. (Date of Application)
A. Development Name and Location:

1. Name of Development Ferncliff South
2. Address of Development 3666 Ferncliff Ave. NW
(Street)
Roanoke VA 24017
(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 Roanoke City (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? Yes No
If yes, what other City/County is the site located in besides the one mentioned above?
6. Census Tract the development is located in: 23
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
7. Is the development located in a Difficult Development Area? No
8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note to #9: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in
this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or
rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. Yes n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. Yes n/a
10. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No
11. Is the development listed on the RD 515 Rehabilitation Priority List? Yes No
12. Is the proposed development located in an urban development area as defined in §15.2-2223.1of the Code of Virginia?
Yes No (If yes, attach required form in TAB U)
13. Will the proposed development participate in a locally adopted affordable housing dwelling unit program area as described in
either §15.2-2304 or §15.2-2305 of the Code of Virginia? Yes No (If yes, attach required form in TAB U)
14. Congressional District 6 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf

Planning District 5 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 21 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 11 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf
15. Location Map Attached (TAB A)
B. Project Description:
In the space provided below, give a brief description of the proposed project.
This existing 84 unit affordable housing complex was originally constructed 32 years ago and is need of significant rehabilitation. The
proposed renovations will significantly improve the quality of life of the residents, the energy efficiency and the overall appearance of the site.
v12.31.09 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) $362,748
2. Credits requested from:

9% Credits
Nonprofit Set-Aside (All nonprofit owned developments which meet tests
described in Part II-D hereof may select this)
Local Housing Authorities Richmond MSA Pool
Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool
Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geographi
Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)
Tax Exempt Bonds

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

all buildings or
some buildings.
D. Type(s) of Allocation/Allocation Year
1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of 2010 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.
2. Carryforward Allocation
All of the buildings in the development are expected to be placed
in service within two years after the end of this calendar year, 2010, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a carryforward allocation of 2010 credits pursuant to Section 42(h)(1)(E) for:
new construction, or
rehabilitation, or
acquisition and rehabilitation (even if you acquired a building this year and
"placed it in service" for the purpose of the acquisition credit, you cannot receive
the 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 2011 or 2012).
3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
v12.31.09 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)
The 10-year rule in IRC Section 42 (d)(2)(B) for all buildings does not apply pursuant to IRC Section 42(d)(6).
Different circumstances for different buildings: Attach a separate sheet and explain for each building.
F. Rehabilitation Credit Information
NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go
on to Section II. No Rehabilitation
Minimum Expenditure Requirements

All buildings in the development satisfy the rehab costs per unit requirement of 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.
G. Request For Exception

The proposed new construction development (including adaptive reuse and rehabilitation that creates additional rental
space) is subject to an assessment of up to minus 20 points for being located in a pool identified by the Authority as a poo
with little or no increase in rent burdened population. N/A - Does not apply to this proposed development.
Applicant seeks an exception to this restriction in accordance with one of the following provisions under 13VAC10-180-
Proposed development is specialized housing designed to meet special needs that cannot readily be addressed
utilizing existing residential structures. Documentation Attached (TAB U)
Proposed development is designed to serve as a replacement for housing being demolished through
redevelopment. Documentation Attached (TAB U)
Proposed development is housing that is an integral part of a neighborhood revitalization project sponsored by
a local housing authority. Documentation Attached (TAB U)
v12.31.09 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 Ferncliff South 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. 27-0153822 (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 & ownership structure chart) attached (Mandatory TAB B)
Certification from Virginia State Corporation Commission attached (Mandatory TAB C)
Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.)
Names ** Phone Type Ownership % Ownership
Stephen M. Ross 212-421-5333 Member of GP 68.30%
Jeff T. Blau 212-421-5333 Member of GP 6.30%
Michael J. Brenner 212-421-5333 Member of GP 0.80%
Bruce A. Beal 212-421-5333 Member of GP 3.60%
Mark E. Carbone 212-801-1068 Member of GP 16.00%
Matthew K. Finkle 212-801-1073 Member of GP 5.00%
0.00%
This should be 100% of the GP or managing member interest: 100.00%
** These should be the names of individuals who comprise the GP or managing members, not simply the names of
separate partnerships or corporations which may comprise those components.
Principals' Previous Participation Certification attached (Mandatory TAB D) & resumé.
B. Seller Information:
Name Ferncliff South LP Contact Person Charles Nimmo
Address 3130 Chaparral Drive, Suit 200
Roanoke, VA Phone 24018
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%
v12.31.09 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, VA24018
Phone: 540-774-1641 Fax: 540-774-2488
5. Contractor (Contact): Manny Korkis Related Entity? Yes No

Firm Name: AMK Contracting Corp.
Address: 261 46th Street, Brooklyn , NY 11220
Phone: (718) 439-8622 Fax: (718) 439-8627
6. Architect: Donald R. Witt Related Entity? Yes No

Firm Name: Hughes Associates Architects
Address: 656 Elm Ave, SW, P.O. Box 1034, Roanoke, VA 24005-1034
Phone: 540-342-4002 Fax: 540-342-2060
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:
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: 212-801-3762
9. Other (Contact): Michael Antonik Related Entity? Yes No

Firm Name: PresCon, LLC Role: Construction Manager
Address: 60 Columbus Circle, New York, NY 10023
Phone: 212-801-1067 Fax: 212-801-3731
v12.31.09 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%
v12.31.09 Page 6
III. DEVELOPMENT INFORMATION
A. Structure and Units:

1. Total number of all units in development 84
Total number of rental units in development 84 bedrooms 180
Number of low-income rental units 84 bedrooms 180
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: 3
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 84 bedrooms 180
4. Total Floor Area For The Entire Development 91,061.23 (Sq. ft.)
5. Unheated Floor Area (Breezeways, Balconies, Storage) 9,015.67 (Sq. ft.)

6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)
(Not eligible for funding)
7. Total Usable Residential Heated Area 82,045.56 (Sq. ft.)
8. Number of Buildings (containing rental units) 7
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)
11. a. Total Net Rental Square Feet 74,388.72

b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 0.00%
B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: Playground, Community Room, Leasing Office
Exterior Finish: T1-11 siding with bottom brick

Heating/AC System: Heat: Electric Heat Pump, A/C: Split System
Architectural Style: Garden Style, Pitched Roof
v12.31.09 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 1,162.99 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+Sty 2BR TH 0.00 SF
1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 740.07 SF 2+Sty 3BR TH 0.00 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 942.77 SF 2+Sty 4BR TH 0.00 SF
2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
82,045.56 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
27% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)
d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements
e. All windows meet the EPA's Energy Star qualified program requirements
f. Every unit in the development is heated and cooled with either (i) heat pump equipment with both a
SEER rating of 15.0 or more and a HSPF rating of 8.5 or more , or (ii) air conditioning equipment
with a SEER rating of 15.0 or more, 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.
k. Every unit in the development will be heated and cooled with a geothermal heat pump that meets
EPA Energy Star qualified program requirements.
l. The development will have a solar electric system that will remain unshaded year round, be oriented
to within 15 degrees of true south, and be angled horizontally within 15 degrees of latitude.
Expected Total Electrical Load (kilowatt hours per month): 0

Percent of Expected Load Offset By Solar Electric System: 0.00%
v12.31.09 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 will be subject to federal project-based rent
subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons; and (ii) the greater of 5
units or 10% of the units will conform to HUD regulations interpreting accessibility requirements of section 504 of the
Rehabilitation Act; and be actively marketed to people with special needs in accordance with a plan submitted as part of the
Application. (All of the units described in (ii) above must include roll-in showers and roll under sinks and front controls for
ranges, unless agree to by the Authority prior to the applicant's submission of its application).
For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD’s Housing Choice
Voucher (“HCV”) payment standard; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 of
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, in
accordance with a plan submitted as part the Application.
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
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:
v12.31.09 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 10 11.90% 40% Area Median
0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
84 100.00% Total 84 100.00% 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: 24 Number of units 29% 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: Roanoke Redevelopment and Housing Authority
Contact person (Name and Title) Helen Shampshire - Housing Choice Vouchers Administrator
Phone Number 540-983-9218 Required documentation attached (TAB H)
5. If leasing preference will be given to individuals and families with children.

(Less than or equal to 20% of the units must have 1 or less bedrooms).
Yes
No
v12.31.09 Page 10
V. LOCAL NEEDS AND SUPPORT
Note: Please refer to the Application Manual for specific instructions and deadlines for pertaining to locality
notification of proposed Low income Housing Tax Credit developments.
A. Provide the name and the address of the chief executive officer (City Manager, Town Manager, or
County Administrator) of the political jurisdiction in which the development will be located:
Chief Executive Officer's Name Chris Morrill
Chief Executive Officer's Title City Manager
Street Address 215 Church Avenue, S.W., Room 364 Phone 540-853-2333
City Roanoke State VA Zip 24011
Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Tom Carr, Director of Planning
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:
B. Project Schedule
ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract 9/11/2007 Mark Carbone
Site Acquisition 12/31/2010 Mark Carbone
Zoning Approval na
Site Plan Approval na
Financing
A. Construction Loan
Loan Application 7/15/2010 Matthew Finkle
Conditional Commitment 9/1/2010 Matthew Finkle
Firm Commitment 10/1/2010 Matthew Finkle
B. Permanent Loan - First Lien
C. Permanent Loan-Second Lien
D. Other Loans & Grants
Type & Source, List
Application Matthew Finkle
Award/Commitment Matthew Finkle
Formation of Owner 5/1/2009 Matthew Finkle
IRS Approval of Nonprofit Status na
Closing and Transfer of Property to Owner 12/31/10 Matthew Finkle
Plans and Specifications, Working Drawings 3/1/2010 Michael Antonik
Building Permit Issued by Local Government 10/1/2010 Michael Antonik
Start Construction 1/1/2011 Michael Antonik
Begin Lease-up in-place rehab
Complete Construction 9/1/2011 Michael Antonik
Complete Lease-Up in-place rehab
Credit Placed in Service Date 11/1/2011 Matthew Finkle
v12.31.09 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.
Most recent property tax assessment - Mandatory TAB K
B. Timing of Acquisition by Owner:

Select one:
Owner already controls site by either deed or long-term lease or
Owner is to acquire property by deed (or lease for period no shorter than period property
will be subject to occupancy restrictions) no later than 12/31/10
If more than one site for the development and more than one expected date of acquisition 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 4.00%

Project Wide Capture Rate - Market Units na
Project Wide Capture Rate - All Units 4.00%
Project Wide Absorption Period (Months) 7
v12.31.09 Page 12
C. Site Description
1. Exact area of site in acres 7.451
2. Has locality approved a final site plan or plan of development?

Yes No
Required documentation form attached (TAB L)
3. Is site properly zoned for the proposed development?

Yes No
Required documentation form attached (TAB M)
4. Will the proposal seek to qualify for points associated with proximity to public transportation?
Yes No
Required documentation form attached (TAB A)
D. Plans and Specifications
Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)
1. A location map with property clearly defined.

2. Sketch plan of the site showing overall dimensions of main building(s), major site elements
(e.g., parking lots and location of existing utilities, and water, sewer, electric,
gas in the streets adjacent to the site). Contour lines and elevations are not required.
3. Sketch plans of main building(s) reflecting overall dimensions of:
a. Typical floor plan(s) showing apartment types and placement
b. Ground floor plan(s) showing common areas;
c. Sketch floor plan(s) of typical dwelling unit(s);
d. Typical wall section(s) showing footing, foundation, wall and floor structure.
Notes must indicate basic materials in structure, floor and exterior finish.
4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.
v12.31.09 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: 84

Number of years in rental assistance contract: 40
Expiration date of contract: 02/01/18
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 Electric Owner X Tenant 0 79 87 111 0
Air Conditioning Electric Owner X Tenant 0 0 0 0 0
Cooking Electric Owner X Tenant 0 0 0 0 0
Lighting Electric Owner X Tenant 0 0 0 0 0
Hot Water Electric Owner X Tenant 0 0 0 0 0
Water 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 $79 $87 $111 $0
2. Source of Utility Allowance Calculation (Attach Documentation TAB Q)

HUD
Utility Company (Estimate) Local PHA
Utility Company (Actual Survey) Other:
v12.31.09 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 12 $5,664
4 Bedroom Units 0 $0
Total Number of Tax Credit Units 84
Plus Other Income Source (list): Tenant Charges $321

Equals Total Monthly Income: $49,857
Twelve Months x12
Equals Annual Gross Potential Income $598,282
Less Vacancy Allowance ( 7.0% ) $41,880
Equals Annual Effective Gross Income (EGI) - Low Income Units $556,402
** 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
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 12
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH

48 24 0 0 0 0
1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD Note: Please be sure to enter the number of units in the
0 0 0 appropriate unit category. If not, you will find an error on
the scoresheet at 5a, 6a & 6b.
List number of units by type: TAX CREDIT UNITS
ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR
0 0 0 0 0 12
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH

48 24 0 0 0 0
1 Story-EFF-ELD 1 Story-1 BR-ELD 1 Story-2 BR-ELD

0 0 0
Efficiency Units
Unit Type / Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent
Efficiency - 40% 0 0.00 $ - $ -

Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
v12.31.09 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% 1 658.32 $ 472 $ 472

v12.31.09 Page 15
1 BR - 40% 1 656.91 $ 472 $ 472
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% 7 658.32 $ 472 $ 3,304

1 BR - 50% 3 656.91 $ 472 $ 1,416
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: 12 7,894.19 Tax Credit Rent: $ 5,664
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: 12 Total 1-BR Rent $ 5,664
v12.31.09 Page 15
2-Bedroom Units
2 BR - 40% 5 863.11 $ 584 $ 2,920

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% 43 863.11 $ 584 $ 25,112

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 $ - $ -
v12.31.09 2 BR - Market 0 0.00 $ - $ - Page 15
Total 2-BR
3-Bedroom Units
3 BR - 40% 3 1,044.38 $ 660 $ 1,980

3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 50% 21 1,044.38 $ 660 $ 13,860

3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
v12.31.09 Page 15
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
4-Bedroom Units
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
v12.31.09 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 4-BR Units: 0 Total 4-BR Rent $ -
Total Units 84 Net Rentable SF: TC Units 74,388.72

MKT Units 0.00
Total NR SF: 74,388.72
Floor Space Fraction 100.0000%
v12.31.09 Page 15
D. Operating Expenses
Administrative:
1. Advertising/Marketing $5,000
2. Office Salaries $0
3. Office Supplies $6,275
4. Office/Model Apartment (type______) $0
5. Management Fee $22,764
4.09% of EGI 271 Per Unit
6. Manager Salaries $27,713
7. Staff Unit (s) (type______) $0
8. Legal $1,300
9. Auditing $12,000
10. Bookkeeping/Accounting Fees $0
11. Telephone & Answering Service $4,375
12. Tax Credit Monitoring Fee $2,100
13. Miscellaneous Administrative $5,950
Total Administrative $87,477
Utilities
14. Fuel Oil $0
15. Electricity $15,925
16. Water $19,600
17. Gas $0
18. Sewer $18,650
Total Utility $54,175
Operating:
19. Janitor/Cleaning Payroll $0
20. Janitor/Cleaning Supplies $3,575
21. Janitor/Cleaning Contract $2,000
22. Exterminating $1,900
23. Trash Removal $9,300
24. Security Payroll/Contract $26,000
25. Grounds Payroll $0
26. Grounds Supplies $550
27. Grounds Contract $5,625
28. Maintenance/Repairs Payroll $47,991
29. Repairs/Material $12,500
30. Repairs Contract $2,500
31. Elevator Maintenance/Contract $0
32. Heating/Cooling Repairs & Maintenance $2,450
33. Pool Maintenance/Contract/Staff $0
34. Snow Removal $300
35. Decorating/Payroll/Contract $0
36. Decorating Supplies $1,000
37. Miscellaneous $1,650
Operating & Maintenance Totals $117,341
Taxes & Insurance
38. Real Estate Taxes $34,366
39. Payroll Taxes $7,250
40. Miscellaneous Taxes/Licenses/Permits $0
41. Property & Liability Insurance $24,000
42. Fidelity Bond $0
43. Workman's Compensation $500
44. Health Insurance & Employee Benefits $9,000
45. Other Insurance $200
Total Taxes & Insurance $75,316
6544
Total Operating Expense $334,309
D1. Total Oper. Ex. Per Unit $3,980 D2. Total Oper. Ex. As % EGI (from E3) 60.08%
Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $25,200
Total Expenses $359,509
v12.31.09 Page 16
E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $556,402
2. Annual EGI Market Units (from C2) + $0
3. Total Effective Gross Income = $556,402
4. Total Expenses (from D) $359,509
5. Net Operating Income = $196,893
6. Total Annual Debt Service (from Page 21 B2) - $165,559
7. Cash Flow Available for Distribution = $31,335
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 556,402 567,530 578,881 590,459 602,268
Less Oper. Expenses 359,509 370,294 381,403 392,845 404,631
Net Income 196,893 197,236 197,478 197,613 197,637
Less Debt Service 165,559 165,559 165,559 165,559 165,559
Cash Flow 31,335 31,678 31,919 32,055 32,079
Debt Coverage Ratio 1.19 1.19 1.19 1.19 1.19

Eff. Gross Income 614,313 626,599 639,131 651,914 664,952
Net Income 197,544 197,327 196,981 196,499 195,875
Cash Flow 31,985 31,768 31,422 30,940 30,316

Eff. Gross Income 678,251 691,816 705,653 719,766 734,161
Net Income 195,101 194,172 193,079 191,815 190,371
Cash Flow 29,543 28,613 27,520 26,256 24,813
Estimated Annual Percentage Increase in Revenue 2.00% (Must be < 2%)
Estimated Annual Percentage Increase in Expenses 3.00% (Must be > 3%)
v12.31.09 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. Geothermal System 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 1,952,610 0 0 1,952,610
F. Solar Electric System 0 0 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 1,952,610 0 0 1,952,610
L. General Requirements 117,157 0 0 117,157
M. Builder's Overhead 39,052 0 0 39,052
( 2.0% Contract)
N. Builder's Profit 117,157 0 0 117,157
( 6.0% Contract)
O. Bonding Fee 16,000 0 0 16,000
P. Other 0 0 0
Q. Contractor Cost
Subtotal (Sum 1K..1P) $2,241,975 $0 $0 $2,241,975
2. Owner Costs
A. Building Permit 5,000 0 0 5,000
B. Arch./Engin. Design Fee 35,000 0 0 35,000
( 417 /Unit)
C. Arch. Supervision Fee 35,000 0 0 35,000
( 417 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0
v12.31.09 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 25,775 0 0 6,444
I. Insurance During Construction 18,000 0 0 4,500
J. Cost Certification Fee 45,000 0 0 45,000
K. Title and Recording 35,000 11,200 0 20,826
L. Legal Fees for Closing 75,000 30,000 0 0
M. Permanent Loan Fee 20,250 0 0 0
( 0.0% )
N. Other Permanent Loan Fees 0 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 20,196 5,049 0 5,049
Q. Environmental Study 13,000 0 0 13,000
R. Structural/Mechanical Study 0 0 0 0
S. Appraisal Fee 5,000 0 0 5,000
T. Market Study 3,500 0 0 3,500
U. Operating Reserve 253,300 0 0 0
V. Tax Credit Fee 26,200 0 0 0
W. OTHER $2,025,786 $0 $0 $263,376
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $2,641,007 $46,249 $0 $441,695
Subtotal 1 + 2 $4,882,982 $46,249 $0 $2,683,670

(Owner + Contractor Costs)
3. Developer's Fees 795,042 124,125 0 670,917
4. Owner's Acquisition Costs

Land 320,000
Existing Improvements 1,195,000 1,195,000
Subtotal 4: $1,515,000 $1,195,000
5. Total Development Costs

Subtotal 1+2+3+4: $7,193,024 $1,365,374 $0 $3,354,587
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
12.31.09 Page 19

W. OTHER OWNER COSTS
Contingency Reserve 233,376 0 0 233,376

(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Interior Designer 10,000 0 0 10,000
Survey 9,500 0 0 9,500
Travel Expenses 5,000 0 0 0
Organizational/Filing Fees 2,500 0 0 0
Office Expenses/Copies/Postage 2,000 0 0 500
Tenant Relocation 5,000 0 0 5,000
Extra Security/Temp Labor 10,000 0 0 5,000
PSA LOC 2,500 0 0 0
Replacement Reserves 42,000 0 0 0
VHDA Application Fee 750 0 0 0
Allocation Fee 18,160 0 0 0
Purchase of Reserves 1,685,000 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Subtotal (Other Owner Costs) $2,025,786 $0 $0 $263,376
v12.31.09 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 7,193,024 1,365,374 0 3,354,587
6. Reductions in Eligible Basis
Subtract the following:

A. Amount of federal grant(s) used to finance 0 0 0
qualifying development costs
B. Amount of nonqualified, nonrecourse financing 0 0 0
C. Costs of nonqualifying units of higher quality 0 0 0

(or excess portion thereof)
D. Historic Tax Credit (residential portion) 0 0 0
7. Total Eligible Basis (5 minus 6 above) 1,365,374 0 3,354,587
8. Adjustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)

(i) For Earthcraft or LEED Certification AND 60 Bonus Points ( Eligible For Increase) 0 167,729
(ii) For QCT or DDA (Eligible Basis x 30%) 0 0
Total Adjusted Eligible basis 0 3,522,317
9. Applicable Fraction 100.0000% 100.0000% 100.0000%
10. Total Qualified Basis (Same as Part IX-C) 1,365,374 0 3,522,317

(Eligible Basis x Applicable Fraction)
11. Applicable Percentage 3.35% 0.00% 9.00%

(For 2010 9% competitive credits, use the March 2010 applicable percentages for acq.)
(For 9% non-competitive & tax exempt bonds, use the most recently published rates)
12. Maximum Allowable Credit under IRC §42 $45,740 $0 $317,008

(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $362,749
credit amount requested) Combined 30% & 70% P. V. Credit
v12.31.09 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 Assumed Loan 07/15/10 $1,016,080 John Hastings - VHDA
2. VHDA Loan Increase 07/15/10 $300,000 John Hastings - VHDA
3. Deferred SPARC Loan 07/15/10 $950,000 John Hastings - VHDA
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 Loan Increase 07/15/10 $300,000 $25,543 7.65% 30 30
2. VHDA Assumed Loan 07/15/10 $1,016,080 $140,016 7.42% 40 40
3. Deferred SPARC Loan 07/15/10 $950,000 $0 7.85% 23 30
4. Project Reserves $1,685,000 $0 0.00% 1000 0
5. $0 $0 0.00% 1000 0
6. $0 $0 0.00% 1000 0
Totals: $3,951,080 $165,559
3. Grants: List all grants provided for the development:
Date of Date of Amount of

Source of Funds Application Commitment Funds Name of Contact Person
1. $0
2. $0
3. $0
4. $0
5. $0
6. $0
Total Permanent Grants: $0

v12.31.09 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 $420,329
Other: $0
Equity Total $420,329
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $4,371,409
(not including syndication proceeds except for historic tax credits)
8. Total Development Cost $7,193,024

(From VIII-A5)
9. Less Total Sources of Funds (From B7 above) $4,371,409
10. Equals equity gap to be funded with low-income tax credit

proceeds (must equal IX-D3) $2,821,615
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) $2,821,615

b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.78
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.98%
d. Net credit amount anticipated by user of credits $362,675
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) $2,821,615
6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $362,748
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 77.78%
8. Syndication: Public or Private

9. Investors: Individual or Corporate
Weighted Average Credit Price Calculation

Exchange Component 40% $0.85 $0.34
Market Component 60% $0.73 $0.44
Weighted Average Credit Price: $0.78
v12.31.09 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 $300,000

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: Assumed Loan $1,016,080
Other: $0
Other: $0
Grants Grants
CDBG $0 State $0
UDAG $0 Local $0
Other: $0
This means grants to the partnership. If you received a loan financed by a locality which received one of the
listed grants, please list it in the appropriate loan column as "other" and describe the applicable grant program
which funded it.
2. Subsidized Funding: list all sources of funding for points. Documentation Attached (TAB T)
Source of Funds Commitment date Funds

1. $0
2. $0
3. $0
4. $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
v12.31.09 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)
v12.31.09 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. 12 3666 Ferncliff Avenue - Building A $144,897 3.35% 4,854 $0 0.00% 0 $373,797 9.00% 33,642
2. 12 3666 Ferncliff Avenue - Building B $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
3. 12 3666 Ferncliff Avenue - Building C $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
4. 12 3666 Ferncliff Avenue - Building D $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
5. 12 3666 Ferncliff Avenue - Building E $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
6. 12 3666 Ferncliff Avenue - Building F $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
7. 12 3666 Ferncliff Avenue - Building G $203,413 3.35% 6,814 $0 0.00% 0 $524,753 9.00% 47,228
8. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
9. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
10. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
11. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
12. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
13. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
14. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
15. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
16. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$1,365,374 $0 $3,522,317
$45,740 $0 $317,008
Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
v12.31.09 Page 25


TAX MARKET
17. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
18. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
19. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
20. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
21. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
22. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
23. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
24. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
25. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
26. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
27. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
28. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
29. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
30. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
31. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
32. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0
v12.31.09 Page 25 (2)



TAX MARKET
33. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
34. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
35. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
36. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
37. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
38. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
39. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
40. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
41. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
42. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
43. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
44. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
45. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
46. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
47. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
48. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0
v12.31.09 Page 25 (3)



TAX MARKET
49. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
50. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
51. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
52. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
53. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
54. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
55. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
56. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
57. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
58. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
59. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
60. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
61. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
62. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
63. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
64. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0
v12.31.09 Page 25 (3)



TAX MARKET
65. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
66. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
67. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
68. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
69. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
70. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
71. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
72. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
73. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
74. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
75. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
76. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
77. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
78. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
79. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
80. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0
v12.31.09 Page 25 (3)



TAX MARKET
81. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
82. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
83. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
84. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
85. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
86. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
87. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
88. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
89. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
90. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
91. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
92. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
93. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
94. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
95. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
96. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0
$0 $0 $0
v12.31.09 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) $7,193,024
2. Less Total Sources of Funds (from VIII-B7 page 22) $4,371,409
3. Equals Equity Gap $2,821,615
4. Divided by Net Equity Factor (VIII-C7 page 22) 77.78%

(Percent of 10-year credit expected to be raised as equity investment)
5. Equals Ten-Year Credit Amount Needed to Fund Gap $3,627,481
Divided by ten years 10
6. Equals Annual Tax Credit Required to Fund the Equity Gap $362,748
7. The Maximum Allowable Credit Amount $362,749

(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 4,318 Combined 30% & 70% PV Credit
Credit per Bedroom 2,015 $362,748

Comprised of
$45,740 and $317,008

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.
v12.31.09 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.
v12.31.09 Page 27
2010 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 Y 0 or 30 30.00
d. Location in a Qualified Census Tract N 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) Y 0 or 10 10.00
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
k. Dev. located in area with little or no increase in rent burdened population Up to -20 0.00
l. Dev. located in area with increasing rent burdened population Up to 20 0.00
Total 120.00
3. DEVELOPMENT CHARACTERISTICS:
a. Unit size (See calculations below) Up to 100 100.00
b. Amenities (See calculations below) Up to 70 29.00
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 6.40
Total 215.40
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 28.57% 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
Total 50.00
6. EFFICIENT USE OF RESOURCES:

a.v12.31.09
Credit per unit If #N/A or #REF! appears in the score column of these point Up to 180 98.60
b. Cost per unit categories check spelling of Clerk's Office on pg 1. It must match Up to 75 30.59
Total exactly with the Jurisdiction names listed in the Application Manual. 129.19
7. BONUS POINTS: Locality AMI State AMI

a. Units with rents at or below 40% of AMI $61,900 $53,100 12% 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: 694.59

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 0 740 943 1,163
F-4 BDRM-G F-2 BDRM-TH F-3 BDRM-TH F-4 BDRM-TH

High Sq.Ft. / BDRM 0 0 0 0
Low Sq.Ft. / BDRM 0 0 0 0
Project Sq.Ft. / BDRM 0 0 0 0
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 0.00
k. Geothermal Heat Pump - EPA Energy Star requirements 0.00
l. Solar Electric System - EPA Energy Star requirements 0.00 0.00%
Total 29.00
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: 29.00
v12.31.09
$/SF = $80.68 Credits/SF = $4.42 Const $/unit = $26,690
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=600 500 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(35,000+)=3; REHAB(15,000-35,000)=4 4 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=>35,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<35,000) 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=>35,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<35,000) 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 0 740 943 1,163 0 0 0 0
NUMBER OF UNITS 0 12 48 24 0 0 0 0
PARAMETER-(COSTS=>35,000) 0 132,262 171,588 200,526 0 0 0 0

PARAMETER-(COSTS<35,000) 0 56,684 73,538 85,940 0 0 0 0
COST PARAMETER 0 100,860 130,849 152,917 0 0 0 0

PROJECT COST PER UNIT 0 59,711 76,066 93,834 0 0 0 0
PARAMETER-(CREDITS=>35,000) 0 9,489 12,311 14,387 0 0 0 0

PARAMETER-(CREDITS<35,000) 0 4,067 5,276 6,166 0 0 0 0
CREDIT PARAMETER 0 7,236 9,388 10,971 0 0 0 0

PROJECT CREDIT PER UNIT 0 3,272 4,168 5,142 0 0 0 0
COST PER UNIT POINTS 0.00 4.37 17.94 8.28 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 14.09 57.19 27.33 0.00 0.00 0.00 0.00
TOTAL COST PER UNIT POINTS 30.59
TOTAL CREDIT PER UNIT POINTS 98.60
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 0 100,860 130,849 152,917 0 0 0 0
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 0 100,860 130,849 152,917 0 0 0 0
Credit Parameters - Family

Standard Credit Parameter - low rise 0 7,236 9,388 10,971 0 0 0 0
Adjusted Credit Parameter 0 7,236 9,388 10,971 0 0 0 0
v12.31.09
$/SF = $80.68 Credits/SF = $4.42 Const $/unit = $26,690
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=600 500 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(35,000+)=3; REHAB(10,000-35,000)=4 4 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=>35,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<35,000) 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=>35,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<35,000) 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 0 740 943 1,163 0 0 0 0
NUMBER OF UNITS 0 12 48 24 0 0 0 0
PARAMETER-(COSTS=>35,000) 0 119,784 155,400 181,608 0 0 0 0

PARAMETER-(COSTS<35,000) 0 61,603 79,920 93,398 0 0 0 0
COST PARAMETER 0 100,445 130,311 152,288 0 0 0 0

PROJECT COST PER UNIT 0 59,711 76,066 93,834 0 0 0 0
PARAMETER-(CREDITS=>35,000) 0 10,069 13,063 15,266 0 0 0 0

PARAMETER-(CREDITS<35,000) 0 5,179 6,718 7,851 0 0 0 0
CREDIT PARAMETER 0 8,444 10,954 12,801 0 0 0 0

PROJECT CREDIT PER UNIT 0 3,272 4,168 5,142 0 0 0 0
COST PER UNIT POINTS 0.00 4.34 17.84 8.23 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 15.75 63.72 30.77 0.00 0.00 0.00 0.00
TOTAL COST PER UNIT POINTS 30.41
TOTAL CREDIT PER UNIT POINTS 110.24
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 0 100,445 130,311 152,288 0 0 0 0
Adjusted Cost Parameter 0 100,445 130,311 152,288 0 0 0 0
Credit Parameters - Family

Standard Credit Parameter - low rise 0 8,444 10,954 12,801 0 0 0 0
Adjusted Credit Parameter 0 8,444 10,954 12,801 0 0 0 0
v12.31.09
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Qualified Census Tract Certification
Development Name: Ferncliff South

Tracking #: 2010-C-18
1. General Instructions
• This Certification must be included with the Application (by Application Deadline,
3/12/10).
• 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):

23
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.
SBA HUBZone Locator Page 1 of 2
Address-Town-County Text-Only
U.S. Map Help
Search Version
DETERMINATION OF WHETHER AN ADDRESS IS IN A HUBZONE
3666 Ferncliff Ave, Roanoke VA, 24017 is located in Census Tract "51770002300" which IS NOT HUBZone
qualified.
The map below shows the relationship of this address (marked with a star) to qualified HUBZone areas. Below the map, you
may find information on why the address was found not to be in a HUBZone Area.
User can also define

display area by employing
the dragging function of
the mouse/cursor.
Dragging can be used to
recenter the map.
BASIS OF HUBZONE DETERMINATION
Is the address located in a Metropolitan Area? YES

Is the address located in a qualified or redesignated census tract? NO
Is the address located in a BRAC Commission-closed former
NO
military base?
Is the address located in a Difficult Development Area? NO
Is the address located in an Indian Country area? NO
Or enter an ADDRESS, TOWN or COUNTY to Search
http://map.sba.gov/hubzone/hzqry.asp 2/27/2010
3666 Ferncliff Avenue NW, Roanoke, VA 24017 - Google Maps Page 1 of 1
Address 3666 Ferncliff Ave NW

Roanoke, VA 24017
©2009 Google - Map data ©2009 Tele Atlas - Terms of Use
mhtml:file://S:\Finkle\Transactions\F&W\Properties\Ferncliff South\2009 VHDA 9% App... 5/12/2009

TAB A.2
(Revitalization Area Certification)
The Revitalization Area Certification will be submitted separately by The City of Roanoke by
April 1, 2010
TAB A.2
(Surveyor’s Certification of Proximity To Public Transportation)
TAB A.2
(Location Map)
3666 Ferncliff Avenue NW, Roanoke, VA 24017 - Google Maps Page 1 of 1
Address 3666 Ferncliff Ave NW

Roanoke, VA 24017
©2009 Google - Map data ©2009 Tele Atlas - Terms of Use
mhtml:file://S:\Finkle\Transactions\F&W\Properties\Ferncliff South\2009 VHDA 9% App... 5/12/2009

TAB B
(Partnership or Operating Agreement)
D elaware PAGE 1
7he First State
I, JEFFREY W . BULLOCK, SECRETARY OF STATE OF THE STATE OF
DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT
COPY OF THE CERTIFICATE OF FORMATION OF "FERNCLIFF SOUT H
PRESERVATION GP, LLC", FILED IN THIS OFFICE ON THE FIRST DAY OF
MAY, A .D . 2009, AT 4 :34 O'CLOCK P .M .
Jeffrey W Bullock, Secretary of Stat e

4682959 810 0 AUTHEN2hT CAT ION : 72 7 9 3 4 3
~v3~00 0o #
09042142 5 \IAWPi DATE : 05-04-09
You may verify this certificate online
at corp .delaware .gov/authver .shtml
State of Delaware
Secretary of State
Division of Corporations
Delivered 04 :34 PM 05/01/2009
FILED 04 :34 PM 05/01/2009
SRV 090421425 - 4682959 FILE
CERTIFICATE OF FORMATION
OF
FERNCLIFF SOUTH PRESERVATION GP, LLC
The undersigned, an authorized natural person, for the purpose of forming a

limited liability company, under the provisions and subject to the requirements of the
State of Delaware (particularly Chapter 18, Title 6 of the Delaware Code and the acts
amendatory thereof and supplemental thereto, and known, identified, and referred to as
"), hereby certifies that :
the "Delaware Limited Liability Company Act
FIRST : The name of the limited liability company is Femcliff South

Preservation GP, LLC .
SECOND : The address of the Company's registered office in the State of

Delaware is 2711 Centerville Road, Suite 400, City of Wilmington, County of New
Castle, Delaware 19808 . The name of its registered agent at such address is Corporation
Service Company .
THIRD : The latest date on which the Company is to dissolve is December

31, 2109 .
IN WITNESS WHEREOF, the undersigned has executed this Certificate of

Formation of Femcliff South Preservation GP, LLC on this 1 st day of May, 2009 .
-
~NtiJN 6 1 -
Michael Orbison
Authorized Perso n
39228_V1
Ferncliff South Preservation, L.P.
Ferncliff
Ferncliff South
South 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 Affordable
Affordable Holdings,
Holdings, LLC
LLC
Preservation,
Preservation, LLC
LLC 16%
16%Member
Member 5%
5%Member
Member
79%
79%Member
Member
The
The Related
Related Companies,
Companies, L.P.
L.P. Mark
Mark E.
E. Carbone
Carbone Matthew
MatthewFinkle
Finkle
100%
100%Member
Member 100%
100%Member
Member 100%
100%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
2/27/2010
TAB C
(VA SCC Certification)
TAB D
(Principal’s Previous Participation Certification)
Schedule A: List of all Tax Credit Developments for Each Principal to this Certification
Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits under
Section 42 of the IRC.
Stephen M. Ross Controlling G. P. of Proposed Project? Y

Principal's Name: Y or N
Non-
Controlling Low compliance
General Total Income Placed in Found? Y/N
Development Name/Location Name of Ownership Entity and Phone Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
West 105th Street IH Associate, LLC
211 West 105th Street, New York, NY Y 11 11 8/25/2000 not dated N
1 (212) 801-1000
321 East 21st Street Associates, LLC
321 East 21st Street, New York, NY Y 22 22 5/3/2007 2/20/2008 N
2 (212) 801-1000
95th IH Associates, LLC
95th Street Apartments, New York, NY Y 19 19 5/18/2000 5/3/2001 N
3 (212) 801-1000
Laguna Housing Partners, L.P.
Alice Court, Oakland, CA Y 27 27 1/27/2004 10/8/2004 N
4 (212) 801-1000
Amber Manor Limited Partnership
Amber Manor, DeKalb, IL Y 228 228 5/1/1997 4/3/1998 N
5 (212) 801-1000
Armory Plaza Preservation, L.P.
Armory Plaza, White Plains, NY Y 52 52 12/1/2007 12/30/2008 N
6 (212) 801-1000
Newport Housing Partners, L.P.
Bayview Landing, Newport Beach, CA Y 120 120 12/21/2005 7/28/2006 N
7 (212) 801-1000
Biscayne Apartments Associates, Ltd
Biscayne Woods Apartments, Leisure City FL Y 114 114 8/23/1994 12/5/1994 N
8 (212) 801-1000
CT Associates of Illinois, L.P.
Campbell Terrace Apartments, Chicago, IL Y 249 249 3/30/2004 12/31/2004 N
9 (212) 801-1000
Carousel Park Preservation, L.P.
Carousel Park, North Tonawanda, NY Y 162 162 5/1/2005 2/1/2006 N
10 (212) 801-1000
Cedarwood Associates of New York, L.P.
Cedarwood Apartments, Rochester, NY Y 206 206 6/25/2003 12/1/2003 N
11 (212) 801-1000
Homestead III Associates, Ltd
Colony Lakes, Homestead, FL Y 220 220 3/16/1995 10/20/1995 N
12 (212) 801-1000
Coronado Terrace Preservation, L.P.
Coronado Terrace, San Diego, CA Y 312 312 5/15/2002 2/19/2004 N
13 (212) 801-1000
Coyote Creek Housing Partners, L.P.
Coyote Creek, La Mirada, CA Y 161 161 4/29/1999 12/27/1999 N
14 (212) 801-1000
Mission Bay Housing Partners, L.P.
Crescent Cove, San Fransisco, CA Y 236 236 6/1/2007 12/21/2007 N
15 (212) 801-1000
Cutler Hammock Preservation, L.P.
Cutler Hammock, Miami, FL N 262 262 2/7/2007 11/9/2007 N
16 (212) 801-1000
Cutler Vista Preservation, L.P.
Cutler Vista, Miami, FL Y 216 216 8/31/2006 3/23/2007 N
17 (212) 801-1000
Ebony Gardens Preservation, L.P.
Ebony Gardens, Mt. Vernon, NY Y 144 144 11/16/2004 4/1/2005 N
18 (212) 801-1000
El Rancho Verde Preservation, L.P.
El Rancho Verde, San Jose, CA Y 700 700 7/31/2000 7/30/2002 N
19 (212) 801-1000
Elmwood Square Preservation, L.P.
Elmwood Square Apartments, Buffalo, NY Y 144 144 11/1/2004 6/1/2005 N
20 (212) 801-1000
Fillmore Marketplace, L.P.
Fillmore Marketplace, San Francisco, CA Y 120 120 12/28/1995 12/30/1997 N
21 (212) 801-1000
Fontana II Housing Partners, L.P
Fountains at Sierra, Fontana, CA Y 93 93 3/23/2005 12/16/2005 N
22 (212) 801-1000
Fontana III Housing Partners, L.P
Gardens at Sierra, Fontana, CA Y 93 93 5/31/2005 9/20/2006 N
23 (212) 801-1000
Gerard Court Associate, LLC
Gerard Court, Bronx, NY Y 126 126 6/1/2000 2/26/2001 N
24 (212) 801-1000
Related Club West Housing Assoicates, Ltd.
Golfside Villas, Miami, FL N 194 194 7/1/1999 2/16/2000 N
25 (212) 801-1000
Gurnee Housing Preservation, L.P
Gurnee Housing Apartments, Haverstraw, NY Y 97 97 7/25/2007 7/10/2008 N
26 (212) 801-1000
Hainlin Mill Apartments Associates, Ltd
Hainlin Mill, Cutler Ridge, FL Y 144 144 12/15/1995 7/26/1996 N
27 (212) 801-1000
Normont Terrace, L.P.
Harbor Village, Harbor City, CA Y 400 400 4/28/1998 12/29/1999 N
28 (212) 801-1000
Anaheim Revitalization Partners, L.P.
Hermosa Village, CA Y 463 463 12/1/2000 7/16/2002 N
29 (212) 801-1000
Highgate Associates, L.P.
Highgate, Atlantic City, NJ Y 161 107 11/1/1993 4/27/1995 N
30 (212) 801-1000
Jackson Park Limited Partnership
Highlands Tudor Manor, Chicago, IL Y 87 87 1/1/2001 3/25/2002 N
31 (212) 801-1000
Related/LL Second & Central, LLC
Hikari, Los Angeles, CA Y 130 26 12/5/2006 3/17/2008 N
32 (212) 801-1000
Hillview Glen L.P.
Hillview Glen, San Jose, CA Y 138 138 7/5/1994 7/18/1995 Y - Corrected
33 (212) 801-1000
Humboldt Ridge I L.P.
Humboldt Ridge I, Chicago, IL Y 50 50 10/31/2001 10/25/2002 N
34 (212) 801-1000
Humboldt Ridge II L.P.
Humboldt Ridge II, Chicago, IL Y 50 50 12/24/2001 11/1/2002 N
35 (212) 801-1000
St. Stephens Housing Partners, L.P.
Jean C. McKinney Manor, San Diego CA Y 50 50 1/21/2005 12/21/2005 N
36 (212) 801-1000
Sawgrass Pines Associates, Ltd
Lake of Deerfield, Deerfield Beach, FL N 212 212 10/28/1994 2/7/1996 N
37 (212) 801-1000
Cudahy Gardens Preservation, L.P.
Las Brisas, Cudahy, CA Y 100 100 3/1/1999 3/22/2000 N
38 (212) 801-1000
Riverside Gardens Preservation, L.P.
Linden Manor, Riverside, CA Y 192 192 3/1/1999 3/22/2000 N
39 (212) 801-1000
Oakland Coliseum Housing Partners, L.P.
Lions Creek Crossing, Oakland, CA Y 115 115 12/20/2005 3/7/2007 N
40 (212) 801-1000
Madison Park Place Limited Partnership
Madison Park Place, Springfield, IL Y 150 150 3/31/2000 7/27/2001 N
41 (212) 801-1000
Madison Renaissance Development Ltd
Madison Renaissance, Chicago, IL N 30 30 12/31/1998 2/10/2000 N
42 (212) 801-1000
Watergate II Properties, L.P. 7/31/2004 &
Marina Vista Apartments, Buffalo, NY Y 195 195 3/11/2004 N
43 (212) 801-1000 12/31/2004
McCarthy Manor Preservation, L.P.
McCarthy Manor, Syracuse, NY Y 176 176 10/4/2007 7/20/2008 N
44 (212) 801-1000
Noble Tower Preservation, L.P.
Noble Tower, Oakland, CA Y 195 195 2/20/2003 10/18/2005 N
45 (212) 801-1000
Fresno Northpointe Limited, L.P.
Northpointe Apartments, Fresno, CA Y 406 406 8/1/1998 12/10/2000 N
46 (212) 801-1000
Oak Park Preservation, L.P.
Oak Park Apartments, Roselle, NJ Y 254 254 12/15/2005 8/1/2006 Y - Corrected
47 (212) 801-1000
Oak Village Preservation, L.P.
Oak Village, Oakland CA Y 117 117 12/31/2004 11/4/2005 N
48 (212) 801-1000
Ocean Park Acquisition, L.P.
Ocean Park Apartments, Far Rockaway, NY Y 600 600 2/1/2005 12/31/2005 N
49 (212) 801-1000
Upper East Lease Associates, LLC
One Carnegie Hill, NY, NY Y 455 53 6/1/2006 12/26/2007 N
50 (212) 801-1000
Middletown Overlook Preservation, L.P.
Overlook Apts., Middletown, NY Y 100 100 12/9/2007 11/10/2008 N
51 (212) 801-1000
Parkside Glen, L.P.
Parkside Glen, San Jose, CA Y 180 180 10/29/1998 12/28/1999 N
52 (212) 801-1000
South of Romneya Housing Partners, L.P.
Paseo Village, Anaheim, CA Y 176 176 5/29/1997 2/5/1999 N
53 (212) 801-1000
Pilgrim Woods Preservation, L.P.
Pilgrim Woods Apartments, Middletown, NY Y 150 150 11/17/2004 12/1/2005 N
54 (212) 801-1000
Union Square Limited Partnership
Poplar Place, Springfield, IL Y 284 284 12/31/2000 9/9/2002 N
55 (212) 801-1000
Aliso Village Housing Partners, L.P
3/18/2003 3/22/2004
Pueblo Del Sol, Los Angelos, CA Aliso Village II Housing Partners, L.P. Y 377 377 N
7/25/2003 10/18/2005
56 (212) 801-1000
Ninth Square Project L.P.
Residences at Ninth Square, New Haven, CT Y 335 193 11/24/1993 12/30/1993 N
57 (212) 801-1000
River Court Associates, LLC
River Court, Bronx, NY Y 126 126 1/1/2000 3/13/2001 N
58 (212) 801-1000
Riverhead Village Preservation, L.P.
River Pointe Apts., Riverhead, NY Y 135 135 8/1/2006 3/26/2007 N
59 (212) 801-1000
Riverwalk I Preservation, L.P
Riverwalk I Apartments, Miami, FL N 123 123 3/20/2008 3/17/2009 N
60 (212) 801-1000
Homestead Apartments Associates II, Ltd.
Riverwalk II, Homestead, FL N 112 112 9/1/1993 12/21/1993 N
61 (212) 801-1000
New Southtown Limited Partnership
Riverwest, Peoria, IL Y 153 153 4/23/2001 3/28/2003 N
62 (212) 801-1000
Roosevelt Square I, L.P.
Roosevelt Square, Chicago, IL Y 184 184 12/22/2005 10/11/2006 N
63 (212) 801-1000
Royal Coast Apartments Associates, Ltd
Royal Coast, Miami, FL Y 174 174 6/13/1995 1/30/1996 N
64 (212) 801-1000
KBF Related Amsterdam, L.P.
Sagamore, New York, NY Y 265 53 3/11/1998 6/2/1999 N
65 (212) 801-1000
Santa Clara Apartments, Ltd.
Santa Clara Apartments, Miami, FL N 208 208 10/2/2003 11/5/2004 N
66 (212) 801-1000
Sheridan Park Partners, L.P.
Sheridan Park Apartments, Chicago, IL Y 102 102 1/1/1996 5/5/1997 N
67 (212) 801-1000
Shiloh Village Associates, L.P.
Shiloh Village Apartments, Dallas TX Y 168 168 1/13/2004 12/15/2005 N
68 (212) 801-1000
South Port Mews Preservation, L.P
South Main Apartments, Port Chester, NY Y 65 65 12/22/2004 11/1/2005 N
69 (212) 801-1000
Southern Hills Apartments / Orlando Apartments , Decatur Properties of Illinois, L.P.
Y 212 212 3/30/2004 12/17/2004 N
70 Decatur, IL (212) 801-1000
Plaza Manor Preservation, L.P.
Summercrest, National City, CA Y 372 372 3/22/2001 11/15/2002 N
71 (212) 801-1000
Miami Sunset Bay Apartments, L.P.
Sunset Bay, Miami, FL N 308 308 10/12/2001 8/22/2002 N
72 (212) 801-1000
Irondequoit Preservation, L.P
Sycamore Green, Rochester, NY Y 195 195 7/18/2007 8/20/2008 N
73 (212) 801-1000
Congress Associates, Ltd
The Congress, Miami, FL N 129 129 2/4/1997 11/10/1999 N
74 (212) 801-1000
Rialto Housing Partners, L.P,
The Crossings, Rialto CA Y 100 100 8/16/2000 10/25/2001 N
75 (212) 801-1000
Related Broadway Development, LLC
The Lyric, New York, NY Y 285 71 12/1/2000 7/22/2004 N
76 (212) 801-1000
Related 96th Street Associates, L.P.
The Monterey, New York, NY Y 522 105 9/15/1992 9/12/1992 N
77 (212) 801-1000
Armory Place, LLC
The Sierra, New York, NY Y 213 44 5/1/2002 8/31/2004 N
78 (212) 801-1000
400 East 84th Street Associates, L.P.
The Strathmore, New York, NY Y 180 36 4/1/1997 6/24/1998 N
79 (212) 801-1000
23rd Chelsea Associates, LLC
The Tate, New York, NY Y 313 63 8/13/2002 8/2/2004 N
80 (212) 801-1000
20th and 7th Associates, LLC
The Westminster, New York, NY Y 254 52 2/1/2002 6/9/2003 N
81 (212) 801-1000
55th Clinton Associates, L.L.C.
The Westport, New York, NY Y 371 77 3/4/2004 3/28/2006 N
82 (212) 801-1000
Related Tiffany, L.P.
Tiffany Mews, Brooklyn, NY Y 70 70 10/1/1994 3/14/1995 N
83 (212) 801-1000
BPC Associates, L.P.
Tribeca Park, New York, NY Y 396 81 5/31/1999 6/19/2000 N
84 (212) 801-1000
Tribeca Equity Partners, L.P.
Tribeca Tower, New York, NY Y 440 88 12/31/1994 7/31/1995 N
85 (212) 801-1000
14th Street Associates, L.P.
Union Square South, New York, NY Y 240 52 7/1/1998 5/10/2000 N
86 (212) 801-1000
UC Associates of Illinois, L.P.
Universal City Apartments, Chicago, IL Y 160 160 12/15/2004 12/31/2005 N
87 (212) 801-1000
Vila Paseo Senior Residences, L.P.
Vila Paseo Senior Residences, Paso Robles, CA Y 110 110 1/1/2001 1/23/2008 N
88 (212) 801-1000
Santa Ana Heights Housing Project, L.P.
Village Heights, Santa Ana Heights, CA Y 75 75 4/30/1999 12/21/1999 N
89 (212) 801-1000
West Haverstraw Preservation, L.P.
Villages of West Haverstraw, Rockland County, NY Y 180 180 7/25/2007 8/5/2008 N
90 (212) 801-1000
Eastridge Partners, Ltd
Villas of Capri, Naples, FL Y 235 235 6/12/1997 12/19/1997 N
91 (212) 801-1000
Temple Edgeware Partners, L.P.
Vista Angelina, Los Angeles, CA Y 108 108 12/5/1995 1/6/1998 N
92 (212) 801-1000
Vista Terrace Hills Preservation, L.P.
Vista Terrace, San Ysidro, CA Y 262 262 12/12/2000 8/22/2002 N
93 (212) 801-1000
Walden Pond Associates, Ltd
Walden Pond, Miami, FL Y 290 290 10/20/1994 12/30/1994 N
94 (212) 801-1000
Walker Mews Preservation, L.P.
Walker Mews, Baltimore, MD Y 167 167 5/1/2008 2/10/2009 N
95 (212) 801-1000
Walnut Hill Preservation, L.P. 12/1/2003 &
Walnut Hill Apartments, Haverstraw, NY Y 180 180 5/22/2003 N
96 (212) 801-1000 1/31/2004
135th Street associates, L.P.
West 135 Street, New York, NY Y 9 9 2/4/1997 7/7/1998 N
97 (212) 801-1000
West Brickell Apartments, Ltd.
West Brickell, Miami, FL Y 130 130 4/30/1997 2/23/1998 N
98 (212) 801-1000
Willow Glen Housing Partners, L.P
Willow Glen, San Jose, CA Y 135 135 2/5/2002 3/13/2003 N
99 (212) 801-1000
Winchester Gardens, Ltd
Winchester Gardens, Homestead, FL Y 117 117 4/10/1996 7/22/1996 N
100 (212) 801-1000
Westminster Housing Partners, L.P.
Windsor Court Stratford Place, Westminster, CA Y 86 86 5/31/2005 10/2/2006 N
101 (212) 801-1000
Golden Lake Housing Associates, Ltd.
Woodlake Apts., West Palm Beach, FL Y 224 224 5/8/1998 11/25/1998 N
102 (212) 801-1000
Lauderdale Lakes Associates, Ltd
Woodsdale Oaks, Lauderdale Lakes, FL N 172 172 12/20/1991 11/17/1992 N
103 (212) 801-1000
Riverview II Preservation, L.P.
Riverview II, Yonkers, NY Y 343 343 5/9/2008 2/18/2010 N
104 (212) 801-1000
Woodman West Preservation, L.P.
Woodman West, Glen Allen, VA Y 196 196 6/27/2008 5/19/2009 Y - Corrected
105 (212) 801-1000
Cutler Riverside Preservation, L.P.
Cutler Riverside, Miami, FL Y 200 200 4/1/2009 5/13/2009 N
106 (212) 801-1000
Clarkstown Preservation, L.P.
Maplewood Gardens, Nanuet, NY Y 51 51 8/12/2009 12/23/2009 N
107 (212) 801-1000
Caroline Apartments Preservation, L.P.
The Caroline, New York, NY Y 125 125 7/3/2008 4/3/2009 N
108 (212) 801-1000
2nd PAGE TOTAL: 20,770 17,311

LIHTC as % of
GRAND TOTAL: 20,770 17,311 83% Total Unit
Jeff T. Blau Controlling G. P. of Proposed Project? Y
Non-
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7
(212) 801-1000
8 (212) 801-1000
9
(212) 801-1000
Carousel Park Preservation, L.P
10 (212) 801-1000
11
(212) 801-1000
12 (212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15
(212) 801-1000
Cutler Vista Preservation, L.P
16 (212) 801-1000
17
(212) 801-1000
18
(212) 801-1000
Fontana II Housing Partners, L.P
19 (212) 801-1000
Fontana III Housing Partners, L.P
20 (212) 801-1000
21
(212) 801-1000
22 (212) 801-1000
Gurnee Housing Preservation, L.P
23 (212) 801-1000
24
(212) 801-1000
25
(212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
29
(212) 801-1000
Hillview Glen L.P.
30
(212) 801-1000
31
(212) 801-1000
32
(212) 801-1000
33
(212) 801-1000
34 (212) 801-1000
35
(212) 801-1000
36
(212) 801-1000
37
(212) 801-1000
38
(212) 801-1000
39 (212) 801-1000 12/31/2004
40
(212) 801-1000
41
(212) 801-1000
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
46
(212) 801-1000
47
(212) 801-1000
Parkside Glen, L.P.
48
(212) 801-1000
49
(212) 801-1000
Aliso Village Housing Partners, L.P
3/18/2003 3/22/2004
7/25/2003 10/18/2005
50 (212) 801-1000
51 (212) 801-1000
52
(212) 801-1000
53
(212) 801-1000
54
(212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57
(212) 801-1000
58
(212) 801-1000
Sheridan Park Partners, L.P
59 (212) 801-1000
60
(212) 801-1000
61 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
62
(212) 801-1000
Miami Sunset Bay Apartments, L.P
63 (212) 801-1000
64 (212) 801-1000
65
(212) 801-1000
66 (212) 801-1000
Related 96th Street Associates, L.P.
67
The Monterey, New York, NY Y 522 105 9/15/1992 9/12/1992 N
(212) 801-1000
Armory Place, LLC
68
(212) 801-1000
69
(212) 801-1000
70
(212) 801-1000
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77
(212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
West Haverstraw Preservation, L.P
80 (212) 801-1000
81 (212) 801-1000
82
(212) 801-1000
83
(212) 801-1000
84
(212) 801-1000
85
(212) 801-1000
86
(212) 801-1000 1/31/2004
87
(212) 801-1000
Willow Glen Housing Partners, L.P
88 (212) 801-1000
89
(212) 801-1000
90
(212) 801-1000
91
(212) 801-1000
92
(212) 801-1000
93
(212) 801-1000
94
(212) 801-1000
95
(212) 801-1000
96
(212) 801-1000
2nd PAGE TOTAL: 18,959 15,500
LIHTC as % of
Bruce A. Beal Controlling G. P. of Proposed Project? Y

Non-
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7
(212) 801-1000
8 (212) 801-1000
9
(212) 801-1000
10 (212) 801-1000
11
(212) 801-1000
12 (212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15
(212) 801-1000
16 (212) 801-1000
Ebony Gardens Preservation, L.P.
17
Ebony Gardens, Mt. Vernon, NY Y 144 144 11/16/2004 4/1/2005 N
(212) 801-1000
18
(212) 801-1000
Elmwood Square Preservation, L.P.
19
Elmwood Square Apartments, Buffalo, NY Y 144 144 11/1/2004 6/1/2005 N
(212) 801-1000
20
(212) 801-1000
Fontana II Housing Partners, L.P.
21 (212) 801-1000
Fontana III Housing Partners, L.P.
22 (212) 801-1000
23
(212) 801-1000
24 (212) 801-1000
Gurnee Housing Preservation, L.P.
25 (212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
29
(212) 801-1000
30
(212) 801-1000
31
(212) 801-1000
Hillview Glen L.P.
32
(212) 801-1000
33
(212) 801-1000
34
(212) 801-1000
35
(212) 801-1000
36 (212) 801-1000
37
(212) 801-1000
38
(212) 801-1000
39
(212) 801-1000
40
(212) 801-1000
41 (212) 801-1000 12/31/2004
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
46
(212) 801-1000
47
(212) 801-1000
48
(212) 801-1000
49
(212) 801-1000
Parkside Glen, L.P.
50
(212) 801-1000
51
(212) 801-1000
Pilgrim Woods Apartments, Middletown, NY Y 150 150 11/17/2004 12/1/2005 N
52 (212) 801-1000
Aliso Village Housing Partners, L.P.
3/18/2003 3/22/2004
7/25/2003 10/18/2005
53 (212) 801-1000
54 (212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57
(212) 801-1000
58
(212) 801-1000
59
(212) 801-1000
60
(212) 801-1000
61
(212) 801-1000
62 (212) 801-1000
63
(212) 801-1000
South Port Mews Preservation, L.P.
South Main Apartments, Port Chester, NY Y 65 65 12/22/2004 11/1/2005 N
64 (212) 801-1000
65 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
66
(212) 801-1000
67 (212) 801-1000
68 (212) 801-1000
69
(212) 801-1000
70 (212) 801-1000
Armory Place, LLC
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77
(212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
80
(212) 801-1000
81
(212) 801-1000
82
(212) 801-1000
83 (212) 801-1000
84 (212) 801-1000
85
(212) 801-1000
86
(212) 801-1000
87
(212) 801-1000
88
(212) 801-1000
89
(212) 801-1000 1/31/2004
90
(212) 801-1000
Willow Glen Housing Partners, L.P.
91 (212) 801-1000
92
(212) 801-1000
93
(212) 801-1000
94
(212) 801-1000
95
(212) 801-1000
96
(212) 801-1000
97
(212) 801-1000
98
(212) 801-1000
99
(212) 801-1000
2nd PAGE TOTAL: 18,940 15,898
LIHTC as % of
Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits
under Section 42 of the IRC.
Michael Brenner Controlling G. P. of Proposed Project? Y

Non-
Name of Ownership Entity and Phone General Total Income Placed in Found? Y/N
Development Name/Location Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7 (212) 801-1000
8
(212) 801-1000
9 (212) 801-1000
10
(212) 801-1000
11 (212) 801-1000
12
(212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15 (212) 801-1000
16
(212) 801-1000
17
(212) 801-1000
Fontana II Housing Partners, L.P.
18 (212) 801-1000
Fontana III Housing Partners, L.P.
19 (212) 801-1000
20
(212) 801-1000
21 (212) 801-1000
Gurnee Housing Preservation, L.P.
22 (212) 801-1000
23
(212) 801-1000
24
(212) 801-1000
25
(212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
Hillview Glen L.P.
29
(212) 801-1000
30
(212) 801-1000
31
(212) 801-1000
32
(212) 801-1000
33 (212) 801-1000
34
(212) 801-1000
35
(212) 801-1000
36
(212) 801-1000
37
(212) 801-1000
38 (212) 801-1000 12/31/2004
39
(212) 801-1000
40
(212) 801-1000
41
(212) 801-1000
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
Parkside Glen, L.P.
46
(212) 801-1000
47
(212) 801-1000
Aliso Village Housing Partners, L.P.
3/18/2003 3/22/2004
7/25/2003 10/18/2005
48 (212) 801-1000
49 (212) 801-1000
50
(212) 801-1000
51
(212) 801-1000
52
(212) 801-1000
53
(212) 801-1000
54
(212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57 (212) 801-1000
58
(212) 801-1000
59 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
60
(212) 801-1000
61 (212) 801-1000
62 (212) 801-1000
63
(212) 801-1000
64 (212) 801-1000
Armory Place, LLC
65
(212) 801-1000
66
(212) 801-1000
67
(212) 801-1000
68
(212) 801-1000
69
(212) 801-1000
70
(212) 801-1000
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77 (212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
80
(212) 801-1000
81
(212) 801-1000
82
(212) 801-1000 1/31/2004
83
(212) 801-1000
Willow Glen Housing Partners, L.P.
84 (212) 801-1000
85
(212) 801-1000
86
(212) 801-1000
87
(212) 801-1000
88
(212) 801-1000
89
(212) 801-1000
90
(212) 801-1000
91
(212) 801-1000
2nd PAGE TOTAL: 17,900 14,858
LIHTC as % of
Mark E. Carbone Controlling G. P. of Proposed Project? N

Non-
General Income Placed in Found? Y/N
Development Name/Location Name of Ownership Entity and Phone Number Partner? (Y/N) Total Units Units Service Date 8609 Date (Explain Yes)
Biscayne Apartment Associates, Ltd
Biscayne Woods Apartments, Leisure City FL N 114 114 8/23/1994 12/5/1994 N
1 (212) 801-1000
2 (212) 801-1000
Cutler Vista, Miami, FL N 216 216 8/31/2006 3/23/2007 N
3 (212) 801-1000
Overlook Apts., Middletown, NY N 100 100 12/9/2007 11/10/2008 N
4 (212) 801-1000
Pilgrim Woods Apartments, Middletown, NY N 150 150 11/17/2004 12/1/2005 N
5 (212) 801-1000
Riverwalk I Preservation, L.P.
6 (212) 801-1000
Irondequoit Preservation, L.P.
Sycamore Green, Rochester, NY N 195 195 7/18/2007 8/20/2008 N
7 (212) 801-1000
Villages of West Haverstraw, Rockland County, NY N 180 180 7/25/2007 8/5/2008 N
8 (212) 801-1000
Walnut Hill Apartments, Haverstraw, NY N 180 180 5/22/2003 N
9 (212) 801-1000 1/31/2004
Woodsdale Oaks Preservation, L.P.
10 (212) 801-1000
Riverview II, Yonkers, NY N 343 343 5/9/2008 2/18/2010 N
11 (212) 801-1000
Cutler Riverside, Miami, FL N 200 200 4/1/2009 5/13/2009 N
12 (212) 801-1000
Maplewood Gardens, Nanuet, NY N 51 51 8/12/2009 12/23/2009 N
13 (212) 801-1000
2nd PAGE TOTAL: 2,286 2,286
LIHTC as % of
Matthew Finkle Controlling G. P. of Proposed Project? N

Non-
Name of Ownership Entity and Phone General Total Income Placed in Found? Y/N
Development Name/Location Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
Armory Plaza, White Plains, NY N 52 52 12/1/2007 12/30/2008 N
1 (212) 801-1000
Cutler Vista, Miami, FL N 216 216 8/31/2006 3/23/2007 N
2 (212) 801-1000
Riverwalk I Preservation, L.P.
3 (212) 801-1000
Woodsdale Oaks Preservation, L.P.
4 (212) 801-1000
5 (212) 801-1000
Riverview II, Yonkers, NY N 343 343 5/9/2008 2/18/2010 N
6 (212) 801-1000
Cutler Riverside, Miami, FL N 200 200 4/1/2009 5/13/2009 N
7 (212) 801-1000
2nd PAGE TOTAL: 1,368 1,368
LIHTC as % of
Ferncliff
Ferncliff South
South 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 Affordable
Affordable Holdings,
Holdings, LLC
LLC
Preservation,
Preservation, LLC
LLC 16%
16%Member
Member 5%
5%Member
Member
79%
79%Member
Member
The
The Related
Related Companies,
Companies, L.P.
L.P. Mark
Mark E.
E. Carbone
Carbone Matthew
MatthewFinkle
Finkle
100%
100%Member
Member 100%
100%Member
Member 100%
100%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
2/27/2010
Stephen M. Ross
Chairman, CEO, Founder
Related Companies
Stephen M. Ross is the Chairman, Chief Executive Officer and Founder of Related Companies. Mr. Ross
formed the company in 1972 and today the company includes over 2,000 professionals. Related has
developed over $20 billion in real estate and owns real estate assets valued at over $15 billion made up of
best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-
barrier-to-entry markets. Mr. Ross is also the majority owner of the Miami Dolphins and Stadium.
Mr. Ross began his career in Detroit, Michigan as a tax attorney. He later moved to New York where he
specialized in real estate and corporate finance at two investment banking firms immediately prior to
founding Related. Mr. Ross graduated from the University of Michigan with a Bachelor of Business
Administration degree and from Wayne State University Law School with a Juris Doctor degree. He then
received a Master of Laws in Taxation from New York University School of Law. In 2004, The University of
Michigan renamed its business school the Stephen M. Ross School of Business at the University of
Michigan.
Mr. Ross is Chairman of the Board of Directors of Equinox Holdings, Inc. and as a member of the Board of
Trustees of the Guggenheim Foundation, Mr. Ross was involved in the planning of a major renovation of the
Frank Lloyd Wright iconic building in New York and other new museums. He is a trustee of New York
Presbyterian Hospital, the Urban Land Institute, the NY Chapter of Juvenile Diabetes Research Foundation
International, the Levin Institute and is a director of the Jackie Robinson Foundation and the World
Resources Institute. He also serves on the Executive Committee and is a trustee of Lincoln Center.
Over the years, Mr. Ross has received numerous honors for his business, civic, and philanthropic activities.
Most recently, he was named Multi-Family Property Executive of the Year by Commercial Property News
and Housing Person of the Year by the National Housing Conference. In 2007 he received The National
Building Museum Honor Award and in 2005, REBNY presented him with the Harry B. Helmsley
Distinguished New Yorker Award. In 2003, he received the Jack D. Weiler Award from UJA. Crain’s New
York named Mr. Ross one of the 100 Most Influential Leaders in Business in 2002. Mr. Ross was
recognized by NYC & Company with their 2002 Leadership in Tourism Award. Mr. Ross was the 2001
honoree for the Juvenile Diabetes Research Foundation’s Promise Ball. Earlier that year he received the
Henry Pearce Award presented by the Jewish Association for Services for the Aged. Mr. Ross was named
Owner & Developer of the Year by New York Construction News in 2000.
Jeff Blau
President
Related Companies
Jeff T. Blau is President of Related Companies. For the past 19 years he has been responsible for directing
and overseeing new developments worth over $20 billion in virtually every sector of the real estate industry.
In his position as President, he is responsible for new development origination and for strategic oversight of
the firm's affiliated group of companies. Mr. Blau serves on the board of Equinox Holdings, Inc.
He is an active member of numerous professional and charitable organizations and is a member of the
steering committee for the Association for a Better New York (ABNY) and a board member of the Union
Square Partnership. Over the years, Mr. Blau has received numerous honors for his business, civic and
philanthropic activities and most recently he was named to Crain’s New York’s New Influentials list of 25
leaders reshaping New York. Mr. Blau is also a member of the Visiting Committee at the University of
Michigan’s Stephen M. Ross School of Business.
Mr. Blau completed his undergraduate studies at the University of Michigan and received a Master of
Business Administration from the Wharton School of the University of Pennsylvania.
Bruce A. Beal, Jr.
Executive Vice President
Related Companies
Bruce A. Beal, Jr., is an Executive Vice President of Related Companies. Mr. Beal joined Related in 1995
and is responsible for overseeing the day-to-day development process for projects throughout the country,
including acquisition, finance and construction activities.
In addition, Mr. Beal oversees Related’s existing portfolio of residential properties as well as the new
acquisitions and development for the Related Affordable division.
He graduated from Harvard University with a Bachelor of Arts degree. Mr. Beal is on the Advisory Board of
Harvard University’s Taubman Center for State and Local Government and serves on the Board of Directors
for the Village Alliance/Business Improvement District and previously served on the Board of Homes for
Working Families. He also serves on REBNY’s Board of Governors and Housing Committee.
Michael J. Brenner
Executive Vice President Chief Financial Officer
Related Companies
Michael J. Brenner is Chief Financial Officer, Executive Vice President and a Director of Related
Companies. Mr. Brenner, who joined the company in 1996, is responsible for overseeing Related’s
accounting, treasury, information systems, risk management and human resources functions. Mr. Brenner
was Managing Partner of the Industry Programs and Client Satisfaction initiatives at Coopers & Lybrand
from 1993 to 1996, Managing Partner of its Detroit group of offices from 1986 to 1993, and Chairman of its
National Real Estate Industry Group from 1984 to 1986. From 1977 to 1984, Mr. Brenner was a general
practice partner in the Detroit office of Coopers & Lybrand, specializing in services to clients in the real
estate industry.
Mr. Brenner graduated from the University of Detroit with a Bachelor’s degree in Business Administration
and from the University of Michigan with a Master of Business Administration. Mr. Brenner also serves on
the board of Equinox Holdings, Inc.
TAB F
(Architect’s Certification)
EarthCraft Multifamily Professional Training Listing
(This is a list of attendees only as of 2/18/10 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
Omar Black Harkins Builders 09/30/2009
Flay Blalock Rehab Builders, Inc. 12/15/2008
Ben Bloschock Artisan Construction Inc 12/05/2007
Kevin Blount CDSI 02/26/2009
Ann Bolen VHDA 02/18/2010
Daniel Bolinaga 12/15/2008
Virginia Beach Community Development Corporation
Wayne Bolton Temperature Control Mechanical System 06/26/2008
Catherine Bond The Lane Group, Inc. 02/26/2009
Bill Bonstra Bonstra Haresign Architects, LLP 09/30/2009
Christina Borland 06/26/2008
Don Bosserman Countryside Service Company, LC 09/12/2008
Robert Boucheron Robert Boucheron Architect 02/18/2010
Nell Boyle Breakell, Inc. 02/26/2009
Bill Brandt Harkins Builders, Inc. 02/18/2010
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
William Brown BeeryRio, inc. 02/18/2010
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
Paigh Bumgarner Richmond Metro Habitat for Humanity 09/30/2009
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
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
Tayloe Call Bozzuto Construction Company 09/30/2009
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
Cheri Carter Martin Horn, Inc. 09/30/2009
Sean Casey HFH - Nova 06/26/2008
Hsien-Yuan Chen Wiencek and Associates 09/12/2008
Tarik Claiborne VHDA 02/26/2009
Tom Clayton Frazier Associates 02/18/2010
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
Randy Cosner Cosner Construction, Inc. 02/18/2010
Doug Covington The Lane Group 02/18/2010
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
Tracy Deboer Kroskin Design Group 02/18/2010
Anthony Del Nunzio Unit Construction, LLC 02/18/2010
Bruce DeSimone VHDA 12/05/2007
Frank DeStefano Destafano Design Group 01/30/2008
Charles Dickey BRW Architects 02/18/2010
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
Terrance Fitzgerald Tidewater Inisulators LLC 01/30/2008
Scott Fleming Rust-Orling Architecture, Inc. 05/31/2007
Gerald Forsburg Shenandoah Design 02/26/2009
Richard Funk dBF Associates, Architects 01/30/2008
Richard J. Funk, Jr. dBF Associates, Architects, Inc. 02/18/2010
Richard Gajarsky 05/31/2007
Sergio Gambale Wiencek + Associates 12/05/2007
Regina Gerner Fairfax County Department of Housing and Commun 01/30/2008
Jody Gibson The Lane Group, Inc. 05/06/2009
Geoffrey Gogan 01/30/2008
L. Dexter Goode Richmond RHA 09/30/2009
Ray Graham F&W Management 05/31/2007
Mike Green Bozzuto Construction Company 02/26/2009
Charles Greenburg EDG Architects, LLC 05/31/2007
Sheila Gregg Sol Agua Terra 02/26/2009
Lin Gregory Richmond Metropolitan Habitat for Humanity 12/15/2008
T.J. Gregston RALC 09/30/2009
Brian Grosholz Bozzuto Construction 02/26/2009
Chris Grubbs Rehab Builders, Inc. 12/15/2008
Elizabeth Gruben Gruben Design 05/31/2007
Jessica Guglielmo Virginia Beach Community Development Corporation 12/15/2008
Tim Gunderman Sterling Construction Company, Inc. 06/26/2008
Patrick Haggerty Balodemas Architects 12/15/2008
Tom Hale Hanover Habitat for Humanity 12/15/2008
Rosie Hall Holy Tabernacle Housing and Economic Developme 05/31/2007
Jeff Harbinson Harbinson & Associates, Architects, P.C. 12/05/2007
Carl Hardee Lawson Realty 01/30/2008
Mickey Harden Aurora Consulting, LLC 01/30/2008
Steve Harder AHIP 05/31/2007
David Haresign Bonstra Haresign Architect 12/05/2007
Katie Harrigan Walter Parks Architects 01/30/2008
Barry Harris Barry's Home Comfort 09/30/2009
Ron Hartzheim Town and Contry Mechanical 02/26/2009
Donald Harwood Hill Studio, P.C. 01/30/2008
John Heagy Bozzuto Construction 05/06/2009
Thomas Heatwole Commonwealth Architects 05/06/2009
James Heffner Heffner Architects 05/06/2009
Ricardo Hendi R. Hendi Archtiect 05/06/2009
Charles Hendricks The Gaines Group, PLC 02/18/2010
Mike Henehan Bozzuto Development Company 02/26/2009
Sandra Hester Shenandoah Area Agency on Aging 09/30/2009
Roy Hill Fixture Specialists Inc. 01/30/2008
Brad Hofford EYA 09/30/2009
Josh Holloway Community Housing Partners 02/26/2009
Mary Kay Horoszewski Virginia Beach Community Development Corporation12/15/2008
Eric Hudgins The Lane Group 02/18/2010
Brian Hudson HCS Contracting 12/15/2008
Mark Humbertson BRW Architects 12/05/2007
David Hunter hord coplan macht 01/30/2008
Wesley Hurt Toler Insulating 09/12/2008
Karen Irvin Rust Orling Architecture, inc. 02/18/2010
Ryne Johnson Astoria, LLC 09/30/2009
Robert Johnston Commonwealth Architects 06/26/2008
David Jones Newport News RHA 09/30/2009
Gary Jones 12/15/2008
Kermit Jones Holy Tabernacle Housing and Economic Developme 05/31/2007
Randy Jones OWPR, Inc. Architects & Engineers 02/18/2010
Hugh Joyce James River Air Conditioning Company 02/18/2010
Matthew Kauppila Bozzuto Construction 09/30/2009
Ronald Keeney Keeney & Co., Architects, PLC 05/06/2009
Janice Kendall Hunt Investments, LLC 06/26/2008
Stuart Kessler Nordic Consulting Group, LLC 10/25/2007
Joel Ketchum Associated Contracting Services, Inc. 02/18/2010
Brian Kim Housing Opportunities and Concepts 09/30/2009
John Kim Harkins Builders, Inc. 05/06/2009
Kevin King R.L. Price Construction, Inc 06/26/2008
Murray Kirk S.L. Nusbaum Realty Company 01/30/2008
C. Scott Kitrell Better Housing Coalition 02/18/2010
Doug Kleffner Johannas Design Group 09/12/2008
Lawrence Kliewer Cox, Kliewer, and Company, PC 01/30/2008
Jeni Klipple AHIP 05/31/2007
Julie Koehler Winks Snowa Architects, P.C. 09/30/2009
Frank Koncz Welcome Home CDC 12/15/2008
David Koogler Mark-Dana Corp. 06/26/2008
Lauren Kretchman R.H. Builders, Inc. 10/25/2007
Irwin Kroskin Kroskin Design Group,P.C. 10/25/2007
Ron Kruse Gables Residential 10/25/2007
Jonathan Kucera Jonathan J. Kucera, Architects 05/31/2007
Maybell Laluna Wiencek & Associates 02/18/2010
Brenda Landes Marshwitt Associates, PC 10/25/2007
George Lane HFH 06/26/2008
Leisha LaRinere Richmond Metropolitan Habitat for Humanity 12/15/2008
Mark Larson Baskervill 02/26/2009
Joshua Lassiter Cox, Kliewer and Company, P.C. 10/25/2007
Matt Latham National Housing Trust 02/18/2010
Dillard Laughlin Town and Contry Mechanical 02/26/2009
Steve Lawson The Lawson Companies 01/30/2008
Bob Layne Fixture Specialists Inc. 01/30/2008
Dennis LeBlanc NNRHA 05/31/2007
Sandra Leibowitz Earley Sustainable Design Consulting, LLC 05/31/2007
Lisa Lettieri Rust-Orling Architecture, Inc. 10/25/2007
Emmett Lifsey Calloway, Johnson, Moore & West, P.A. 12/05/2007
Ken Linehan Fugleberg Koch Architect 01/30/2008
Ed Lipsky Rehab Builders, Inc. 12/15/2008
Josh Lipsky Rehab Builders, Inc. 12/15/2008
Kenneth Livingston Main Street Architecture, PC 05/06/2009
Ron Lloyd RDL Architects, Inc. 10/25/2007
Matthew Locraft Collins & Kronstadt, Leahy Hogan Collins Draper 06/26/2008
Mary Lorino BAM Architects 09/30/2009
Jennifer Lovejoy Martin & Company Architects, Inc. 12/05/2007
Lee Lovern Total Action Against Poverty 06/26/2008
Javier Luevano Martin Horn, Inc. 05/06/2009
Bob Lytle Silver Hammer Additions, LC 09/30/2009
Robert Magoon, Jr. Magoon & Associates 02/26/2009
John Maisto EDG Architects, LLC 02/26/2009
Keith Maness Rehab Builders, Inc. 12/15/2008
Craig Mara Pedcor Investments 06/26/2008
Mike Marks Martin Horn, Inc. 05/06/2009
Will Marshall C.L. Lewis and Company, Inc. 02/26/2009
Jackie Martin Martin Riley Associates-Architects, PC 09/12/2008
Larry Martin Martin & Company Architects, Inc. 12/05/2007
Robert Martin Liberty Construction Corporation 12/05/2007
Allen Mason VHDA 09/30/2009
Daisy Massey EarthCraft Virginia 10/25/2007
G. Edmond Massie, IV Grant Massie Land Company 02/26/2009
Annie Mathot Frazier Associates 02/18/2010
N. Bond McCamy J. Davis Architects, PLLC 09/12/2008
William McClellan Pinnacle Construction and Development Corportatio 05/31/2007
Clifford McConnell McConnell Contractor of VA, LLC 06/26/2008
Derek McDaniels Richmond Redevelopment and Housing Authority 02/18/2010
John McLaurin Lessard Group Inc. 12/05/2007
Ted McQuarrie Harkins Builders, Inc. 05/06/2009
Lisa McWhirt Baskervill 02/26/2009
Douglas Meredith, Jr. LMW,PC 05/31/2007
Steven Middleton Commonwealth Properties 09/12/2008
Judith Miller Architecture by Design 06/26/2008
Lydia Millington Newport News Redevelopment and Housing Authori 06/26/2008
Christopher J. Mills TAM Consultants 09/30/2009
George Mirmelstein Beacon Construction Comopany 05/31/2007
Michael Mische Staunton Development Solutions, LLC 05/06/2009
kevin Mizell Community Housing Partners 06/26/2008
Steve Morales NRHA 05/06/2009
Matthew Morgan AWB Engineers 02/26/2009
Victor Morrison J.S. Jackson Builder, LLC 12/15/2008
Drew Mulhare Realtec Inc. 06/26/2008
Margie Munkittrick Cox, Kliewer and Company, P.C. 05/31/2007
Wayne Munn VHDA 09/30/2009
Cris Myers CSB, Inc. 12/15/2008
Christopher Nason G.M. Frech & Associates 12/15/2008
Mike Neeble Martin & Company Architects, Inc. 12/05/2007
Wistar Nelligan Nelligan Insulation 12/05/2007
Mike Neweton Kroskin Design Group 02/18/2010
Paul Newman Toler Insulating 09/12/2008
Bill Nickerson Home Performance Services 12/15/2008
Mayra Nickerson Telamon Corporation 09/30/2009
Melissa Obiso Inkworks 09/30/2009
Emer O'Donovan Wiencek & Associates 02/18/2010
Kevin Oldland AWB Engineers 02/26/2009
David Onks Community Housing Partners 09/12/2008
Shane O'quinn Rehab Builders, Inc. 12/15/2008
Dan Ormston Bozzuto Construction Company 02/26/2009
John Ozmore DJG, Inc. 09/30/2009
Michael Pack NNRHA 09/12/2008
Philip Page, Jr. Hampton RHA 05/31/2007
Richard Park Pinnacle Construction and Development Corportatio 05/31/2007
William Park Pinnacle Construction and Development Corportatio 05/31/2007
Walter Parks Walter Parks Architects 01/30/2008
Jose Perez BHC 06/26/2008
Burt Pinnock BAM Architects 09/30/2009
Claude Pitzer Community Housing Partners 06/26/2008
Larry Ponell Fixture Specialists, Inc. 01/30/2008
Gunn Prag Davis Carter Scott, Ltd 01/30/2008
Jeff Price EarthWorks Home Performance 12/15/2008
Jonathan Price Shenandoah Area Agency on Aging 09/30/2009
Todd Price Harnkins Builders 12/15/2008
William H. Price Price Real Estate 09/30/2009
Jim Pritchett Arlington Partnership for Affordable Housing 06/26/2008
Janet Procida Procida Design, Ltd. 05/31/2007
Carrie Quinn Q. Design, PLC 02/18/2010
Ronald Quinn Q. Design, PLC 02/18/2010
Eka Rahardjo BeeryRio, Inc. 02/18/2010
Kevin Ramsey 02/18/2010
Philip Randolph Randolph Construction Company 05/06/2009
Ron Reger VHDA 09/30/2009
Patrick Reilly Rehab Builders, Inc. 12/15/2008
Rick Reinhardt Reinhardt Architecture 12/15/2008
Carlos Rendon Viteri Construction Management, Inc. 05/31/2007
Daniel Revermann AHC Inc. 01/30/2008
Jeff Reynolds Better Housing Coalition 02/18/2010
Lindsay Riesbeck 02/18/2010
Warren Righter Zemaitis and Associates Architects 02/18/2010
Chris Ripley R.H. Builders, Inc. 10/25/2007
Matthew Ripley R.H. Builders, Inc. 10/25/2007
William Ripley W.J. Ripley Architecture, PLLC 10/25/2007
Carter Robertson Martin Horn, Inc. 05/06/2009
Art Robinson Chesapeake Community Advisors 02/18/2010
Chris Robinson VHDA 09/30/2009
Wally Robinson VHDA 02/18/2010
Dennis Rodeffer Wilberger Properties,Inc. 05/31/2007
Bernard Rogers BHC 05/31/2007
Monica Rokicki-Guajardo Balzer & Associates 06/20/2008
James Ross Ross/Deckard Architects, P.A. 02/18/2010
James M. Ross, III Ross/ Deckard Architects, PA 01/30/2008
Richard Russel Ruhf Ruhf Plitt Architects 06/26/2008
Rick Ruhf Ruhf and Plitt Architects, Ltd. 05/31/2007
James Ruhland, III Community Housing Partners 02/26/2009
Jim Russel Cox, Kliewer and Company, P.C. 05/31/2007
Leslie Russel Cox, Kliewer and Company, P.C. 10/25/2007
John Rust Rust Orling Architecture, Inc. 02/18/2010
Vandana Sareen TCG Development Services, LLC 01/30/2008
John Sari Landmark Asset Services 12/15/2008
Eugene "Geno" Schiavo Kitchen & Associates Architectural Services, P.A. 12/05/2007
Steve Schoch Kitchen & Associates Architectural, P.A. 10/25/2007
Rob Schurz Richmond Metro Habitat for Humanity 09/30/2009
John Schuster III Chesapeake Community Advisors, Inc. 09/30/2009
Logan Schutz Grimm & Parker - Architects 02/18/2010
Brian Scott AHC, Inc. 01/30/2008
Andrew Scudder Johannas Design Group 09/12/2008
Clint Sellars Rehab Builders, Inc. 12/15/2008
John Semmelhack 12/05/2007
Carolina Shaban Virginia Supportive Housing 05/31/2007
Sean Shanley EarthCraft Virginia 10/25/2007
Herb Shartle Cox, Kliewer, and Company, PC 01/30/2008
Flake Shaw Rehab Builders, Inc. 12/15/2008
Ray Shelly VHDA 09/30/2009
Fred B. Shelor Masco Contracting Services 06/26/2008
John Shields Marshwitt Associates, PC 10/25/2007
Garrett Shifflett S & S Construction, Inc. 05/06/2009
Bruce Shirley Ratio, PC 02/26/2009
Rick Shively Pedcor Investments 06/26/2008
Megan Shope Winks-Snowa Architects, P.C. 05/31/2007
Matthew Shriver Shriver and Holland Associates 02/26/2009
Jay Sikes Bonstra Haresign Architect 12/05/2007
Mark Silverwood R.H. Builders, Inc. 10/25/2007
Joseph Simpson R.E. Lee CM 02/18/2010
Jim Smith R.H. Builders, Inc. 10/25/2007
Mark Smith MAS Associates, LLC 10/25/2007
Mark Smith Craddock-Cunningham Architectural Partners 01/30/2008
Mark Smith MAS Associates, LLC 06/26/2008
Mike Smith Pedcor Investments 09/12/2008
Vincent Smith Bay Aging 09/30/2009
Allison Snow Better Housing Coalition 02/18/2010
James Snowa Winks-Snowa Architects, P.C. 05/31/2007
Chris Sonne Civil and Environmental Services 06/26/2008
Nick Sparaco Bozzuto Construction 02/26/2009
Seth Stallings Martin Horn, Inc. 05/06/2009
Charles Stanmyre Stanmyre + Noel Architects, P.C. 10/25/2007
Tom Starbuck B&B Consultants, Inc. 02/26/2009
David M. Stembel, III Barton Partners Architects Planners, Inc. 02/26/2009
Al Stephens Callis Stephens, Inc. 12/15/2008
Scott Stephens SMS Architects 02/26/2009
Robert Stern Riddick Feidler Stern, P.C. 10/25/2007
John Stiltner Rehab Builders, Inc. 12/15/2008
Steve Stuart Rehab Builders, Inc. 12/15/2008
Roy E. Stump DJG Architects, Inc. 05/31/2007
Eric Suckow Rehab Builders, Inc. 12/15/2008
Bob Sullivan Nelligan Insulation 12/05/2007
Shane Sullivan Crestline Realty Corp 06/26/2008
Andrew Sutherland Empire Construction 01/30/2008
Jeff Taylor BHC 06/26/2008
Howard Tew Capstone Contracting 02/18/2010
Felicia Thomas VHDA 02/26/2009
David Thompson Better Housing Coalition 02/18/2010
JoAnn Thornton NNRHA 05/31/2007
Ryan Tobin Rehab Builders, Inc. 12/15/2008
John Francis Torti Torti Gallas and Partners, Inc. 02/18/2010
Dan Tosch Progressive Associates, Inc. 12/05/2007
Scott Troutman Marlyn Development Corporation 01/30/2008
Greg Tucker BHC 06/26/2008
Brian Vassallo MTFA Architecture 02/26/2009
Gifford Vernon Gifford O. Vernon, AIA 12/15/2008
Robert Verrier The Architectural Team 05/06/2009
Carlos Viteri Viteri Construction Management, Inc. 05/31/2007
Ted Waldron Dominion Due Diligence 12/05/2007
Brad Walker Sadler Building Corp 02/18/2010
Sandra Walker Newport News RHA 09/30/2009
Bill Wallace Fixture Specialists Inc. 01/30/2008
Tom Wallinga Bonstra Haresign Architects, LLP 09/12/2008
Bruce Wardell BRW Architects 02/18/2010
Seth Warner LMW Professional Corporation 12/05/2007
Pete Watson Rehab Builders, Inc. 12/15/2008
Greg Watts R.L. Price Construction 02/18/2010
Douglas Weatherby PCI Design Group, Inc. 10/25/2007
Mary Kate Weaver EarthCraft VA Intern 02/18/2010
James Whitall Masco Contractor Services/ Davenport Insulation 05/06/2009
Jack Wilbern Butz Wilbern 02/26/2009
Toby Williams Mark-Dana Corporation 05/06/2009
Brenda Willis Chesapeake Redevelopment and Housing Authority 05/31/2007
Brenda Wilson Viteri Construction Management, Inc. 05/31/2007
Daniel Wilson People Incorporated of Virginia 05/06/2009
Danny Wilson People Inc. 06/26/2008
James Wilson Wiencek + Associates 12/05/2007
Steve Wingfield Martin Horn, Inc. 09/30/2009
Edward Winks Winks Snowa Architects, P.C. 09/30/2009
Donald Witt Marsh Witt Associates (currently w/ Hughes Assoc.) 06/26/2008
John Wright Waverton Associates, Inc. 05/06/2009
Patrick Zampetti Studio Z Architecture 01/30/2008
Bruce Zavos Zavos Architecture and Design, LLC 05/31/2007
Bruce Zavos Zavos Architecture and Design, LLC 12/05/2007
Al Zemaitis Zemaitis and Associates Architects 10/25/2007
TAB H
(PHA/Section 8 Notification Letter)
TAB I
(Local CEO Letter)
The CEO Support letter will be submitted separately by April 1, 2010
TAB K
(Site Control Documentation-
Documentation of Most Recent Real Estate
Tax Assessment – Acq. Rehab. Only)
City of Roanoke - GIS Page 1 of 1
Print Report | Full Detail Report | Close Window
Property Information Card for: FERNCLIFF SOUTH

601 S BELVIDERE ST HOUSING MGMT
RICHMOND VA 23220
PARCEL INFORMATION
Tax Number 6440120 Property Acres 7.4776
Property Address 3666 FERNCLIFF AV NW Overlay Zoning N/A
Legal Description LOT 7.451 ACRES COVE ROAD
Property Frontage 1000 Feet
Deed Reference N/A
Property Avg. Depth 1000 Feet
Deed Reference 2 N/A
Property Area 325,738
Prev. Sale Date N/A
Basement Area N/A
Prev. Sale Price N/A
Land Assessment $338,600.00
Sale Date N/A
Improvements $2,600,300.00
Sale Price N/A
Total $2,938,900.00
Owner FERNCLIFF SOUTH
Address 601 S BELVIDERE ST HOUSING MGMT
RICHMOND VA 23220
DISCLAIMER: The information contained on this page is NOT to be construed or used as a "legal description."
Map information is believed to be accurate but accuracy is not guaranteed. Any errors or omissions should be
reported to the City of Roanoke Engineering Department. In no event will the City of Roanoke be liable for any
damages, including loss of data, lost profits, business interruption, loss of business information or other pecuniary
loss that might arise from the use of this map or the information it contains.
http://gis.roanokeva.gov/rptDetail.cfm?mapno=6440120 &mapFn=rnke_externalgis50881... 1/20/2010

Parcel Results Page 1 of 8
Parcel Detail ?
Search Results – New Search
z Assessment Information z Plumbing

z Attic z Porches
z Basement z Roofs
z Building Permits. z Sale/Transfer Information
z Flood Zone z Sketches
z Garages z Structure Information
z Heating/Air z Topography
z Images z Zoning lot Information
z Owner/Legal Information
NEIGHBORHOOD INFORMATION
View Neighborhood Information
BUILDING PERMITS
View Permits & Code Enforcement Notices
MAPS & PLANS
View Engineering Maps & Plans
IMAGES
view large photo
SKETCHES
Sketch 1
Sketch 2
Sketch 3
Sketch 4
Sketch 5
Sketch 6
Sketch 7
Sketch 8
OWNER/LEGAL INFORMATION
Tax Number 6440120
Property Address 3666 FERNCLIFF AV NW
Legal Description LOT 7.451 ACRES COVE ROAD
Owner Name FERNCLIFF SOUTH
Owner 2 Name N/A
Owner Address 601 S BELVIDERE ST HOUSING MGMT
RICHMOND VA 23220
Neighborhood Number 599
Property Use 300-Multifamily
ASSESSMENT INFORMATION
Assessment History 01/01/2010
Land Assessment $338,600.00
Improvements $2,600,300.00
Total $2,938,900.00
Change Reason Annual GRA
Assessment History 2 01/01/2009
Land Assessment 2 $338,600.00
Improvements 2 $2,600,300.00
Total 2 $2,938,900.00
http://gis.roanokeva.gov/owner3.cfm?IDValue=6440120&SearchCriteria=Ferncliff 1/20/2010
TAB M
(Zoning Certification Letter)
TAB N
(Copies of 8609’s To Certify Developer Experience)
TAB Q
(Documentation of Rental Assistance)
Rehabilitation Tax Credits Page 1 of 2
Home Departments and Divisions Real Estate Valuation Tax Relief and Incentives
Rehabilitation Tax
Credits
Real Estate Valuation
Rehabilitation Tax Credits

Substantial relief from real estate taxes is available to property owners who rescue, repair and
rehabilitate qualified older buildings. Subject to the following qualifications, real estate tax is deferred
on the value of the improvements to the property.
Eligibility of residential real property:
z Residential use shall include single-family dwellings, duplexes, multi-family dwelling

units, & townhouses; and
z Structure be no less than twenty-five (25) years of age; and
z If structure is assessed at less than $10,000, said structure can be demolished if not a
registered Virginia Landmark or is determined by the Department of Historic
Resources not to have contributory significance if in a registered historic district. If
demolished, the replacement structure must be a single-family residence with an
assessed value of at least 120% of the median value of other dwelling units in the
neighborhood; and
z Assessed value must be increased by at least forty (40) percent, be designed for
residential use after completion of improvement, and be improved without increasing
the number of living units; and
z Increasing the total square footage of structure will have no restrictions on size, as
long the increases comply with City zoning ordiances.
Eligibility of commercial real property:
z Be no less than twenty-five (25) years of age; and

z Be improved so as to increase the assessed value of the structure by no less than
sixty (60) percent; and
z Be improved without increasing the total square footage of such structure by more than
one hundred percent (100%); and
z Be designed for and suitable for commercial or industrial use after completion of such
improvement.
*Note: If an exemption is granted for commercial or industrial properties, no other

exemption, including ones pertaining to enterprise zones, will be granted, even if the
use of the property changes.
Application Requirements
z The application form must be filed with Real Estate Valuation by the owner of the
building prior to the commencement of any rehabilitation work.
z The application fee is $50.00. In those cases where new tax numbers are created, the
fee is $50 for each new number created under this program.
z An "on site" inspection and appraisal must be conducted by an appraiser from the
Office of Real Estate Valuation prior to the commencement of any rehabilitation work
and immediately following such work.
z No exemption shall be granted if access to the entire property is denied to the Office of
Real Estate Valuation for either inspection or appraisal.
z All appropriate building permits must be obtained prior to the commencement of any
work.
Effective Date/Amount/Duration of Exemption
http://www.roanokeva.gov/WebMgmt/ywbase61b.nsf/CurrentBaseLink/N255RS9L166CF... 1/20/2010
Rehabilitation Tax Credits Page 2 of 2
z The exemption for a qualifying structure commences on July 1 of the tax year following
the completion date.
z The amount of the exemption shall be a fixed amount equal to the difference in the
appraised value immediately before commencement of substantial rehabilitation and
the appraised value immediately after completion of substantial rehabilitation, as
determined by the Office of Real Estate valuation.
z Only one exemption per structure is applicable at any point in time.
z The exemption shall run with the real estate for a period of five consecutive years,
except exemptions in the H-1 & H-2 Historical Districts and the
Conservation/Rehabilitation Districts shall run for a period of ten consecutive years,
with an additional 5 year period applying to those residential structures that will have at
least a 50% net reduction in the number of dwelling units after the rehabilitation.
z If the residential structure has an assessed value, prior to rehabilitation, equal to or
greater than $300,000, the exemption shall begin on July 1st of the tax year following
completion of the rehabilitation, renovation, or replacement and shall only run with the
real estate for three years. This will apply regardless of its historic designation, its
location, or the percent net reduction in number of dwelling units after rehabilitation.
Tax Exemption for Use of Certified Solar Energy Equipment
As a result of an amendment to Sections 32-103.5 through 32-103.17 of the code of the City
of Roanoke, addition of new Division 8, owners of real estate to which certified energy
equipment, facilities, or devices are attached can apply for tax exemption as follows:
z Amount of the exemption will be determined by applying the tax rate to the value of the
certified solar equipment, facilities, or devices and subtracting that amount from the
total real estate property tax due on the real property to which such equipment,
facilities, or devices are attached, or if such equipment, facilities, or devices are
taxable as machinery and tools, from the total machinery and tool tax due on such
equipment, facilities, or devices, at the electon of the taxpayer.
z The exemption shall be effective for five years, and can apply to properties installing
new solar equipment, facilities, or devices as well as to properties with existing solar
equipment, facilities, or devices.
z The exemption will be administered by the Department of Planning, Building, and
Development, the Department of Real Estate Valuation, the Commissioner of the
Revenue's Office, and the City Treasurer's Office.
z An application can be printed from here or may be picked up at the Real Estate
Valuation's Office during normal business hours
January 20, 2010
http://www.roanokeva.gov/WebMgmt/ywbase61b.nsf/CurrentBaseLink/N255RS9L166CF... 1/20/2010
TAB R
(Documentation of Operating Budget)
TAB S
(Documentation of Project Budget)
Ferncliff South Apartments ‐ Roanoke, VA
Proposed Rehab Budget
Unit
Item Quantity Cost Sub‐Total
Bathrooms
Vanity 84 $425 $35,700
Lighting upgrade 84 $150 $12,600
Low Flow Showerhead 84 $35 $2,940
Replaces Exhaust Fan 84 $300 $25,200
Medicine Cabinets 84 $150 $12,600
Tub & Surround 35 $1,200 $42,000
Painting 84 $75 $6,300
New VCT / Linoleum Floor 84 $250 $21,000
Kitchens
Cabinet Replacements 84 $2,400 $201,600
Counters 84 $300 $25,200
Refrigerators‐Energy Star 84 $495 $41,580
Stoves 50 $455 $22,750
Range Hood 84 $125 $10,500
Dishwashers ‐ none exist 84 $750 $63,000
Lighting Replacement 84 $150 $12,600
Sinks‐stainless steel double sink 84 $160 $13,440
GFI Outlets 252 $75 $18,900
Faucets‐single lever 84 $100 $8,400
New VCT flooring w/reducer strip 84 $250 $21,000
Painting 84 $100 $8,400
General Interior (BR/LR/DR)
Hot Water Heaters 84 $750 $63,000
Floor Repairs 30 $3,500 $105,000
Window Treatments 84 $120 $10,080
Replace Unit Lighting‐Hallway 168 $85 $14,280
Entrance Doors 20 $700 $14,000
Hard Wire Smoke CO2 Detectors 84 $135 $11,340
Duct Cleaning 84 $200 $16,800
Grill Replacement 84 $200 $16,800
ADA Modifications 4 $15,000 $60,000
Furnace replacement w/AC‐compressor
2BR Furnace/SEER 14 48 $3,150 $151,200
3BR Furnace/SEER 14 24 $3,150 $75,600
1BR Furnace/SEER 14 12 $3,400 $40,800
Common Areas
Community Room addition/office upgrades 1 $85,000 $85,000
Building Envelope
Breezeway Repairs ‐ minor stair work, conc. patch 7 $3,000 $21,000
Extend Roof Lines 14 $2,500 $35,000
Gutters & Leaders 7 $1,500 $10,500
Aluminum Fascia Board 7 $1,500 $10,500
Attic Insulation 7 $1,500 $10,500
Vinyl Siding ‐ 17 buildings incl. Leasing Office 7 $18,000 $126,000
Window Replacement 294 $375 $110,250
Sliding Door Replacement 28 $700 $19,600
Replace Roof‐remaining less than 10 years on warranty 7 $14,000 $98,000
Site Improvements
Playground Lump Sum $30,000 $30,000
Drainage/Grading Lump Sum $25,000 $25,000
Landscape upgrades & Fencing Lump Sum $50,000 $50,000
Site Signage Lump Sum $30,000 $30,000
Parking Lot‐Repair Seal & Stripe Lump Sum $65,000 $65,000
Exterior Lighting Lump Sum $14,000 $14,000
Additional Walks 700 $6 $4,200
Concrete‐repair damaged walks and curbs 2345 $10 $23,450
TOTAL 84 $23,245 $1,952,610
Cost Breakdown per unit (84)
Building Interiors $11,571 $1,184,610
Common Areas $315 $85,000
Site Improvements $2,581 $241,650
Building Envelope $4,981 $441,350
TOTAL $23,245 $1,952,610
Full Rehabilitation Budget per unit (84)
General Conditions (6%) $1,395 $117,157
Overhead (6%) $1,395 $117,157
Profit (2%) $465 $39,052
Contingency (10%) $2,325 $195,261
TOTAL $26,500 $2,225,975
TAB W
(Original Attorney’s Opinion)
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
FERNCLIFF SOUTH APARTMENTS
MARKETING PLAN FOR UNITS MEETING
ACCESSIBILITY REQUIREMENTS OF HUD SECTION 504
To carry out the goals set forth under this Plan, it is necessary to attract qualified
residents from varied social and economic levels for these specially adapted
units. Attraction of prospective residents will be accomplished by using a wide
variety of advertising techniques, which may include broadcasting media,
newspaper advertisements (Roanoke Times), brochures, signs, model
apartments, open houses, etc. All marketing attempts will include the
appropriate Equal Housing logo, slogan, or statement. Any qualified individual
will have the opportunity to apply for an apartment. Applications will be accepted
and processed in a reasonable, prompt, and courteous manner, without regard to
race, color, religion, national origin, sex, elderliness, familial status, or handicap.
Special marketing to a number of local agencies should help to attract the

qualified applicants necessary for the handicapped-adapted units available after
rehabilitation of the property.
Agencies to be contacted by personal visit, delivery of brochure and applications

and/or through mailing:
Director of National Accessible Apartment Clearinghouse

201 N. Union Street, Suite 200
Alexandria, VA 22314
703-518-6142
Director of Area Agency on Aging

3520 Peters Creek Road
Roanoke, VA 24011
540-366-1212
Director of Roanoke Redevelopment and Housing Authority

2624 Salem Turnpike
Roanoke, VA 24017
540-983-9281
Director of Roanoke City Department of Social Services

1510 Williamson Road
Roanoke, VA 24012
540-853-2591
Director of Roanoke County Department of Social Services

220 E. Main Street
Salem, VA 24153
540-387-6087
Director of T.A.P., Inc.
1760 Roanoke Boulevard
Salem, VA 24153
540-342-2350
Roanoke Times
201 Campbell Avenue
Roanoke, VA 24011
540-981-3100
Director of Easter Seal Society of Virginia

201 East Main Street
Salem, VA 24153
540-777-7325
Director of Goodwill Industries

61 N. Commerce Street
Hollins, VA 24019
540-992-6268
Director of Roanoke Rescue Mission

402 4th Street
Roanoke, VA 24013
540-343-7227
Director of Salvation Army

815 Salem Avenue
Roanoke, VA 24016
540-345-0400
Director of Samaritan Inn

540 Salem Avenue
Roanoke, VA 24016
540-343-1447
Director of American Red Cross

1905 Westover Avenue
Roanoke, VA 24011
540-985-3524
Director of Blue Ridge Independent Living Center

1502 Williamson Road
Roanoke, VA 24012
540-342-1231
Director of Information Referral Center of United Way of Roanoke
325 Campbell Avenue
Roanoke, VA 24016
540-777-4200
Director of Blue Ridge Community Services Board

301 Elm Avenue
Roanoke, VA 24016
540-342-9170
Director of Virginia Department of Rehabilitative Services

3433 Brambleton Avenue
Roanoke, VA 24018
540-776-2731

Ferncliff South

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INSTRUCTIONS FOR THE

VIRGINIA 2010 LIHTC APPLICATION FOR RESERVATION

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

Applications For 9% Competitive Credits

Applications For Tax Exempt Bond Credits

Staff email addresses:

Application For Reservation

Deadline for Submission

Tax Exempt Bonds

Virginia Housing Development Authority

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

v12.31.09 Submission Checklist

VHDA TRACKING NUMBER 2010-C-18

A. Development Name and Location:

14. Congressional District 6 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf

State House District 11 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

15. 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

G. Request For Exception

II. OWNERSHIP INFORMATION

Must be an individual or legally formed entity

Federal I. D. No. 27-0153822 (If not available, obtain prior to Allocation)

Principals' Previous Participation Certification attached (Mandatory TAB D) & resumé.

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): Manny Korkis Related Entity? Yes No

6. Architect: Donald R. Witt 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) 9,015.67 (Sq. ft.)

8. Number of Buildings (containing rental units) 7

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)

11. a. Total Net Rental Square Feet 74,388.72

Exterior Finish: T1-11 siding with bottom brick

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

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

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

a. All cooking ranges will have front controls

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: