Church View Place App

8/6/2019 Church View Place App

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Print Preview - FinalApplicationTax Credits, RPP Loans, and/or Tax Exempt Bond Loans

roject Description

oject Name: Churchview Place Phases I & II

dress: 2302 Old Chapman Street

ty: Greensboro County: Guilford Zip:

ensus Tract: 126.04 Block Group: 3011

project in Qualified Census Tract or Difficult to Develop Area? No

olitical Jurisdiction: City of Greensboro

risdiction CEO Name:First:Yvonne Last:Johnson

Title: Mayor

risdiction Address: 300 W. Washington Street

risdiction City: Greensboro Zip:

risdiction Phone:

e Latitude:

e Longitude:

oject Type: New Construction

this project a previously awarded tax credit development? No

If yes, what is the project number: Is this a request for supplementalcredits?

w Construction/Adaptive Reuse:his project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No

If yes, list names of previous phase(s):

ehab:

umber of residents holding Section 8uchers:

l the project meet Energy Star standards as defined in Appendix B? Yes

es a community revitalization plan exist? No

ll the project use steel and concrete construction and have at least 4 stories? No

ll the project include a Community Service Facility under IRS Revenue Ruling 2003-77?o

ttps://www.nchfa.org/Rental/RTCApp/(S(dph5lh45f...547E72E086&SNID=271B26FC71ED4212A06423F3DF5E23AB (1 of 29)9/16/2008 10:22:29 AM

27403

27401

(336)373-2396

36.046409

-79.822254


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If yes, please describe:

rget Population:Elderly (55)

ll the project be receiving project based federal rental assistance? No

If yes, provide the subsidy source: and number of units:

icate below any additional targeting for special populations proposed for this project:

Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal andstate codes.)

Number of Units:

Persons with disabilities or homeless populations: 10% of the total units.

Number of Units:

Remarks: A. The 8 units designed for mobility impaired handicapped persons will include 1 unit which provides abedroom to bath tracking system. All of these units will also provide roll-in showers and other specialfeatures.

B. Owner will also agree to hold dwellings available for up to 7 disabled or homeless households.


4

8


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pplicant Information

icate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. UndeP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant

come part of the ownership entity. The applicant will execute the signature page for this application.

pplicant Name: Beacon Management Corporation

dress: 408 Battleground Avenue

ty: Battleground State: NC Zip:

ontact: First: George Last:Carr Title:President

lephone:

Phone:

x:

mail Address:

OTE: Email Address above will be used for communication between NCHFA and Applicant.


27401

(336)282-6000

(336)337-5001

(336)545-9004

[email protected]


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te Description

al Site Acreage: Total Buildable Acreage:

If buildable acreage is less than total acreage, please explain:

ntify utilities and services currently available (and with adequate capacity) for this site:

Storm Sewer Water Sanitary Sewer Electric

he demolition of any buildings required or planned? No

If yes, please describe:

e existing buildings on the site currently occupied? No

If yes:(a) Briefly describe the situation:

(b) Will tenant displacement be temporary?(c) Will tenant displacement be permanent?

he site directly accessed by an existing, paved, publicly maintained road? Yes

If no, please explain:

any portion of the site located inside the 100 year floodplain? No

If yes:(a) Describe placement of project buildings in relation to this area:


7.2 7.2


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(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:



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te Control

es the owner have fee simple ownership of the property (site/buildings)?Yes

If yes provide:

Purchase Date: Purchase Price:

If no:(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?

(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract fopurchase of the property and the seller of the property?If yes, specify the relationship:

(c) Enter the current expiration date of the option/contract to purchase:

(D) Enter Purchase Price:


04/16/2008 460,533


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oning

esent zoning classification of the site:CD-RM-12

multifamily use permitted?Yes

e variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No

If yes, have the hearings been completed and permits been obtained?

If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obta

them:

e there any existing conditions of historical significance located on the project site that will require State Historic Preservation office re

If yes, describe below:

e there any existing conditions of environmental significance located on the project site?No

If yes, describe below:



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wnership Entity

wner Name: Churchview Place Limited Partnership


y: Greensboro State:NC Zip:

deral Tax ID Number of Ownership Entity: (If assigned)

ote: Do not submit social security numbers for individuals.

tity Type: Limited Partnership

tity Status: Already Formed

the applicant requesting that the Agency treat the application as Non-Profit sponsored? No

the applicant requesting that the Agency treat the application as CHDO sponsored? No

st all general partners, members,and principals. Specify nonprofit corporate general partners or members.ck [Add] to add additional partners, members, and principals.

Org: Beacon Management Corporation

st Name: George Last Name: Carr Function: Managing General Partnerddress: 408 Battleground Avenue

ty: Greensboro State: NC Zip: 27401-2104

one: Fax:

Mail: Nonprofit: No

Org: Carr-Theismann, LLC

st Name: George Last Name: Carr Function: General Partner

ddress: 408 Battleground Avenue

ty: Greensboro State: NC Zip: 27401-2104

one: Fax:

Mail: Nonprofit: No

Org: Carr-Smith, LLC

st Name: George Last Name: Carr Function: General Partner

ddress: 408 Battleground Avenue

ty: Greensboro State: NC Zip: 27401

one: Fax:

Mail: Nonprofit: No


27401-2104

26-2353861

(336)282-6000 (336)545-9004

[email protected]

(336)282-6000 (336)545-9004

[email protected]

(336)282-6000 (336)545-9004

[email protected]


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nit Mix

e Median Income for Guilford county is $56,400.

w Income Units

Type # BRs Net Sq.Ft.Total

# Units#Units

MonthlyRent

UtilityAllowance

MandatoryServ. Fees

**TotalHousing Exp.

Gdn Apt 1

Gdn Apt 1

Gdn Apt 2

Gdn Apt 2

Utilities included in rents: Water/Sewer Electric Gas Other

mployee Units (will add to Low Income Unit total)

ype # BRs Net Sq.Ft.Total

# Units#Units

MonthlyRent

UtilityAllowance

MandatoryServ. Fees

**TotalHousing Exp.

tilities included in rents: Water/Sewer Electric Gas Other

rket Rate Units

ype # BRs Net Sq.Ft.Total

# Units#Units

MonthlyRent

UtilityAllowance

MandatoryServ. Fees

**TotalHousing Exp.

ti li ties included in rents: Water/Sewer Electric Gas Other

atistics

AllUnits

Units

Gross MonthlyRental Income

Low Income.......

Market Rate.......

Totals...............

oposed number of residential buildings: Maximum number of stories in buildings:

oject Includes:Separate community building - Sq. Ft. (Floor Area):

Community space within residential bulding(s) - Sq. Ft. (Floor Area):


664 30 2 383 40 0 423

664 30 2 594 40 0 634

901 4 2 448 60 0 508

901 4 2 658 60 0 718

68 8 33734

68 8 33734

15 1

1,887


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Elevators - Number of Elevators:

uare Footage Information

oss Floor Square Footage:

tal Net Sq. Ft. (All Heated Areas):

tes

Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low inc

units are within established thresholds.

ttps://www.nchfa.org/Rental/RTCApp/(S(dph5lh45...47E72E086&SNID=271B26FC71ED4212A06423F3DF5E23AB (10 of 29)9/16/2008 10:22:29 AM

54,993

51,100
http://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htmhttp://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htm


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argeting

ecify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to cother row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.

BRs Units %

targeted at percent of median income affordable to/occupied by




tal Low Income Units:

te: This number should match the total number of low income units in the Unit Mix section.


30 40

30 60

4 40

4 60

68


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unding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP Loan

Local Gov. Loan - Specify:City of Greensboro

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan)

State Tax Credit(Direct Refund)

Equity: Federal LIHTC

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources**

"Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt serbelow.

Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

timated pricing on sale of Federal Tax Credits: $0.

emarks concerning project funding sources:ease be sure to include the name of the funding source(s))


719,200 7.61 18 30 60,996

800,000

2.00 20 20

888,284 0.50 30 30

362,076 0 30 30 0

4,797,194

7,566,754

84


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ans with Variable Amortizationease fill in the annual debt service as applicable for the first 20 years of the project life.

PP Loan

ear:mt:

1 2 3 4 5 6 7 8 9 10

ear:mt:

11 12 13 14 15 16 17 18 19 20

ocal Gov. Loan - City of Greensboro

ear:mt:

1 2 3 4 5 6 7 8 9 10

ear:mt:

11 12 13 14 15 16 17 18 19 20


54865 56245 57579 58863 60092 56260 57362 58391 59340 60204

58476 59146 59708 60154 60474 60658 8095 0 0 0

2500 2500 2500 2500 2500 7500 7500 7500 7500 7500

10000 10000 10000 10000 10000 10000 10000 10000 10000 10000


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evelopment Costs

Item Cost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Building(s) (Rehab / Adaptive Reuse only)

2 Demolition (Rehab / Adaptive Reuse only)

3 On-site Improvements

4 Rehabilitation

5 Construction of New Building(s)

6 Accessory Building(s)

7 General Requirements (max 6% lines 2-6)

8 Contractor Overhead (max 2% lines 2-7)

9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest)

10 Construction Contingency (max 3% lines 2-9, Rehabs 6%)

11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10)

12 Architect's Fee - Inspection

13 Engineering Costs

SUBTOTAL (lines 1 through 13)

14 Construction Insurance (prorate)

15 Construction Loan Orig. Fee (prorate)

16 Construction Loan Interest (prorate)

17 Construction Loan Credit Enhancement (prorate)

18 Construction Period Taxes (prorate)

19 Water, Sewer and Impact Fees

20 Survey

21 Property Appraisal

22 Environmental Report

23 Market Study

24 Bond Costs

25 Bond Issuance Costs

26 Placement Fee

27 Permanent Loan Origination Fee

28 Permanent Loan Credit Enhancement

29 Title and Recording


500,000 500,000

3,698,574 3,698,574

300,000 300,000

269,914 269,914

95,370 95,370

286,109 286,109

154,499 154,499

106,089 106,089

53,044 53,044

25,000 25,000

5,488,599

40,000 40,000

40,000 40,000

230,578 230,578

60,000 60,000

20,000 20,000

10,000 10,000

12,000 12,000

12,500 12,500

6,000 6,000

4,300 4,300

25,000

10,000


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30 Real Estate Attorney

31 Other Attorney's Fees

32 Tax Credit Application Fees (Preliminary and Full)

33 Tax Credit Allocation Fee (0.60% of line 59, minimum $7,500)

34 Cost Certification / Accounting Fees

35 Tax Opinion

36 Organizational (Partnership)

37 Tax Credit Monitoring Fee


38 Furnishings and Equipment

39 Relocation Expense

40 Developer's Fee

41

42

43 Rent-up Expense

44

45


46 Rent up Reserve

47 Operating Reserve

48

49

50 DEVELOPMENT COST (lines 1-49)

51 Less Federal Financing

52 Less Disproportionate Standard

53 Less Nonqualified Nonrecourse Financing

54 Less Historic Tax Credit

55 TOTAL ELIGIBLE BASIS

56 Applicable Fraction (percentage of LI Units)

57 Basis Before Boost

58 Boost for QCT/DDA (if applicable, enter 130%)

59 TOTAL QUALIFIED BASIS


470,378

30,000 30,000

13,000 13,000

2,200

40,434

8,000 8,000

7,000

47,600

148,234

50,000 50,000

714,000 714,000

Other Basis Expense (s

Other Basis Expense (s

17,000

Other Non-basis Expen

Other Non-basis Expen

781,000

34,001

184,009

Other Reserve (specify)

Other Reserve (specify)

7,106,221 0 6,738,977

0

6,738,977 0 6,738,977

100.00% 100% 100%

6,738,977 0 6,738,977

100.00% 100.00%

6,738,977 0 6,738,977


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60 Tax Credit Rate

61 Federal Tax Credits at Estimated Rate

62 Federal Tax Credits at 9.00% or 3.75% (maximum $1,000,000)

63 Federal Tax Credits Requested

64 Land Cost

65 TOTAL REPLACEMENT COST

FEDERAL TAX CREDITS IF AWARDED

Comments:

Total Replacement Cost per unit:78,007


3.40 8.50

572,813 0 572,813

606,508 0 606,508

0

460,533

7,566,754

606,508


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arket Study Information

ase provide a detailed description of the proposed project:

hurchview Place Phases I & II will offer 68 (composed of 60-one bedroom and 8-two bedroom) singleory residential units developed in 15 traditionally styled buildings in Craftsman bungalow architecture.dividual apartments will offer brick and/or vinyl-hardiplank exteriors and each unit will be provided withnge, refrigerator, dishwasher, heating and air conditioning equipment and laundry hook-ups. A beautiful00 square foot office, laundry and community building will also be constructed.

nstruction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:

Cupolas, broken roof lines, low maintenance materials, seamless gutters, antifungal shingles.

ve you built other tax credit developments that use the same building design as this project?Yes

If yes, please provide name and address:

Rankin King Farm3216 Summit AvenueGreensboro, NC 27405(now under construction)

e Amenities:

e property will have Community Building with on-site office, computer room and laundry facilities. The sitel also feature sidewalks, picnic area, 10 garden boxes, garden benches and a gazebo.

site Activities:

variety of resident service programs will be conducted by our staff. A multi-purpose community room willable to house these resident programs. A computer room will be included.

ndscaping Plans:



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tensive landscaping will be undertaken.

erior Apartment Amenities:

apartment interiors will include range, hood, dishwasher, refrigerator, exterior storage, washer/dryer

ok-ups, mini blinds, ceiling fans, carpeting, vinyl flooring and heat pump.

you plan to submit additional market data (market study, etc.) that you want considered? No

If yes, please make sure to include the additional information in your pre-application packet.



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pplicant's Site Evaluation

efly describe your site in each of the following categories:

EIGHBORHOOD CHARACTERISTICS

end and direction of real estate development and area economic health. Physical condition of buildings andprovements in the immediate vicinity. Concentration of affordable housing.

he 7.2 acre tract (Phases I & II) is located in a predominately residential neighborhood in the Glenwood

rea of SW Greensboro. The parcel features a number of beautiful trees and moderate terrain. The site iscated just off Coliseum Blvd. on Old Chapman Street with very close proximenty to Four Seasons Towneenter and the coliseum area. The areas north, east and west are heavily residential with a variety ofommercial activity lying west on High Point Road and to the north along Coliseum Boulevard.

URROUNDING LAND USES AND AMENITIES

nd use pattern is residential in character (single and multifamily housing). Extent that the location isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:astewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distributioncilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,

urces of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount andaracter of vacant, undeveloped land. Land use pattern is substantially residential in character, however,e property enjoys a very easy access to a variety of commercial activity and major highways.

TE SUITABILITY

equate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilitiesarticularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project signin relation to traffic corridors. The property is extremely well located with no known adverse conditions.

ost commercial and religious activity is easily accessible via sidewalks or automobile. The property enjoyssy ingress and egress to Old Chapman Street and Coliseum Blvd.

egree of on-site negative features and physical barriers that will impede project construction or adverselyect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, largeulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-

itability for residential use and difficulties posed by the building(s), such as limited parking, environmentaloblems or the need for excessive demolition).

one known.

milarity of scale and aesthetics/architecture between project and surroundings.

hurchview Place is being developed with handsome Craftsman style architecture which can still be foundroughout the neighborhood.

r each applicable neighborhood feature, enter distance from project in miles.

Grocery StoreCommunity/Senior

Center


4.29


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Mall/Strip Center Hospital

Outdoor Athletic Fields Pharmacy

Day Care/After School Basic Health Care

Schools

Public Transportation

op

Convenience Store

Public Parks

Gas Station

Library

her facilities or services:

2 - Places of Worshipmile - Four Seasons Towne Center

7 - Bank9 - Restaurant


4 2.45

2 .41

.7

2

23

21

42

4


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evelopment Team

ovide contact information for development team members below:

nagement Agent

ompany: Beacon Management Corporation


ty: Greensboro State: NC Zip:

one Email:

ontact Name: First: George Last: Carr

chitect

ompany: Efird Sutphin Pearce & Associates, PA

dress: 310 E. Sycamore Street, Suite A


one Email:

ontact Name: First: Charles Last: Pearce

orney

ompany: Brooks Pierce McLendon Humphrey & Leonard, LLP

dress: P.O. Box 26000


one Email:

ontact Name: First: Mark Last: Davidson

estor

ompany: Richman Group or CAHEC

dress: 340 Pemberwick Road

ty: Greenwich State: CT Zip:

one Email:

ontact Name: First: Richard Last: McCauley

nsultant/Application Preparer (if different from developer)

ompany:

dress:

ty: State: Zip:

one Email:

ontact Name: First: Last:


27401-2104

(336)282-6000 [email protected]

27401


27420

(336)271-3126

06831

(203)869-0900


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neral Contractor Identity of Interest?

ompany: John Kavanagh Company

dress: 1810 Pembroke Road


one Email:

ontact Name: First: Robert Last: Miles


27408



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rojected Operating Costs

Project Operations (Year One)

Administrative Expenses

Advertising

Office Salaries

Office Supplies

Office or Model Apartment Rent

Management Fee

Manager or Superintendent Salaries

Manager or Superintendent Rent Free Unit

Legal Expenses (Project)

Auditing Expenses (Project)

Bookkeeping Fees/Accounting Services

Telephone and Answering Service

Bad Debts

Other Administrative Expenses (specify):

SUBTOTAL

Utilities Expense

Fuel Oil

Electricity (Light and Misc. Power)

Water

Gas

Sewer

SUBTOTAL

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies

Janitor and Cleaning Contract

Exterminating Payroll/Contract

Exterminating Supplies

Garbage and Trash Removal

Security Payroll/Contract

Grounds Payroll


1,300

1,800

7,046

0

41,569

26,000

0

1,500

4,200

4,896

1,500

2,000

91,811

0

7,000

7,000

0

5,000

19,000

21,040

0

5,000

1,200

0

1,200

0

0


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Grounds Supplies

Grounds Contract

Repairs Payroll

Repairs Material

Repairs Contract

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract

Decorating Supplies

Other (specify):

Miscellaneous Operating & Maintenance Expenses

SUBTOTAL

Taxes and Insurance

Real Estate Taxes

Payroll Taxes (FICA)

Miscellaneous Taxes, Licenses and Permits

Property and Liability Insurance (Hazard)

Fidelity Bond Insurance

Workmen's Compensation

Health Insurance and Other Employee Benefits

Other Insurance:

SUBTOTAL

Supportive Service Expenses

Service Coordinator

Service Supplies

Tenant Association Funds

Other Expenses (specify):

SUBTOTAL

Reserves

Replacement Reserves

SUBTOTAL


0

6,300

0

0

0

0

500

0

600

0

0

Miscellanous contracts1,775

0

37,615

40,800

6,365

0

22,650

200

1,048

11,711

82,774

750

706

0

1,456

17,000

17,000


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TOTAL OPERATING EXPENSES

ADJUSTED TOTAL OPERATING EXPENSES(Does not include taxes, reserves and resident support services) *

TOTAL UNITS

(from total units in the Unit Mix section)

PER UNIT PER YEAR


249,656

190,400

68

2,800


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2. "Total Operating Expenses" comes from 1st-year cash flow, then it is escalated by 4% per year.3. "Debt Service" is the sum of "regular/amortized loan debt service + non-amortizing annual service" as entered by user from

Funding Sources section.4. "Net Cash Flow" is "Net Rental/Other Income" minus "Total Operating Expenses" minus "Debt Service".5. "Debt Coverage Ratio" is ("Net Rental/Other Income" minus "Total Operating Expenses") divided by "Debt Service".



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inimum Set-Asides

NIMUM REQUIRED SET ASIDES (No Points Awarded):

Select one of the following two options:

20% of the units are rent restricted and occupied by households with incomes at or below 50% of the median income (Note: NCredit Eligible Units in the the project can exceed 50% of median income)

40% of the units are rent restricted and occupied by households with incomes at or below 60% of the median income (Note: NCredit Eligible Units in the the project can exceed 60% of median income)

If requesting RPP funds:40% of the units are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:High Income county:

At least twenty-five percent (25%) of qualified units will be affordable to households with incomes at or below thirty percent (30county median income.At least twenty-five percent (25%) of qualified units will be affordable to and occupied by households with incomes at or below percent (30%) of county median income.

At least fifty percent (50%) of qualified units will be affordable to households with incomes at or below forty percent (40%) of comedian income.At least fifty percent (50%) of qualified units will be affordable to and occupied by households with incomes at or below forty pe(40%) of county median income.

Tax Exempt BondsThreshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty per(50%) of county median income.At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.

Eligible for targeting points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fiftypercent (50%) of county median income.

At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.



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ull Application Checklist

PLEASE indicate which of the following exhibits are attached to your application. Others may be required as noted.

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners (signed copies)

C Ownership Entity Agreement, Development Agreement or any other agreements governing development services

D Management Agent Agreement

E Owner and Management Experience & Management Questionnaire (Appendix C)

F Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Mapshowing all flood zones (original on letterhead, no fax or photocopies)

G Local Government Letter Confirming Zoning including any pending notices or hearings (original on letterhead, no fax orphotocopies)

H Letters from Local Utility Providers regarding availability and capacity (original on letterhead, no fax or photocopies)

I Documentation from utility company or local PHA to support estimated utility costs

J Appraisal (required for land costs greater than $15,000 and for all Adaptive Re-use and Rehab projects)

K Site plan, floor plans and elevations for all projects. Scope of work for Adaptive Re-use and Rehab projects. (Full Size, 24inches)

L Hazard and structural inspection and termite reports (Adaptive Re-use and Rehab projects only)

M Copy of certificate of occupancy or proof of placed-in-service date (Rehabs Only)

N Proposed Relocation Plan including relocation budget and copies of notices. Required for all Rehabs and any projectsinvolving existing occupants of any dwell ings to be rehabbed or demolished.

O Evidence of Permanent Loan Commitment and other sources of funds ( i.e. Equity letter, AHP, RD and local governmentfunds). For Rehabs with existing loans provide 1) copies of loan documents, 2) current loan balances from existing lenderreserve balances, 3) letter from lender that outlines assumption requirements.

P Local Housing Authority Agreement and Project Based Rental Assistance Letter, if applicable (Sample letters provided inAppendix I). For projects with existing PBRA contracts, provide a copy of the current contract and bank statement or otherdocumentation verifying reserve balances and annual reserve contribution requirements.

Q Statement regarding terms of Deferred Developer Fee. If a nonprofit is involved, a resolution from their board approvingdeferral of fee is required.

R Inducement Resolution (Tax-Exempt Bond Financed Projects only)

Church View Place App

Documents

Transcript of Church View Place App