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2009 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

9% Competitive Credits
A li ti
Applications Must
M t Be
B Received
R i d At VHDA No N Later
L t Than
Th 5:00
5 00 PM
Richmond, VA Time On May 15, 2009

Tax Exempt Bonds


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

Virginia Housing Development Authority


601 South Belvidere Street
Richmond, Virginia 23220-6500

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

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)


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

2009 Submission Checklist


Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2009-Z-036


I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, 5/14/09
the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:


1. Name of Development Colonial Village II Apartments
2. Address of Development 2101, 2103, 2105, 2107, 2109, 2113, and 2115 North 18th Street
(Street)
Arlington Virginia 22201
(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. -77.085402, 38.894776
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 Arlington County (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? Yes No
If yes, what other City/County is the site located in besides the one mentioned above?
6. Is the development located in a Metropolitan Statistical Area? Yes No
7. Census Tract the development is located in: 1016
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
8. Is the development located in a Difficult Development Area? No
9. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
10. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in
this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or
rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. Yes n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. Yes n/a
11. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No
12. Is the development listed on the RD 515 Rehabilitation
Priority List? Yes No
13. Congressional District 8 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf
Planning District 8 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 31 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 48 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

14. Location Map Attached (TAB A)

B. Project Description:
In the space provided below, give a brief description of the proposed project.

Colonial Village  II is a 48‐unit, garden‐style multifamily complex which is located on the National Historic Register.  The property is affordable housing 


that is in close proximity to a subway station which needs substantial rehabilitation and preservation of its affordability and historic character. 

2009 Page 1
Low Income Housing Tax Credit Application For Reservation

C. Reservation Request

1. Total annual credit amount request (Must be the same as Part IX-D8) $428,550

2. Credits requested from:


9% Credits
Nonprofit Set-Aside (All nonprofit owned developments which meet tests
described in Part II-D hereof may select this)
Local Housing Authorities Tidewater MSA Pool
Northern Virginia MSA Pool Small MSA/Micropolitan Pool
Richmond MSA Pool Rural Pool
Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)

Tax Exempt Bonds


new construction, or
rehabilitation, or
acquisition and rehabilitation.

Federal Subsidies
The development will not receive federal subsidies.

This development will receive federal subsidies for:


all buildings or

some buildings.

D. Type(s) of Allocation/Allocation Year

1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of 2008 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.

2. Carryforward Allocation
All of the buildings in the development are expected to be placed
in service within two years after the end of this calendar year, 2009, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a carryforward allocation of 2009 credits pursuant to Section 42(h)(1)(E) for:
new construction, or
rehabilitation, or
acquisition and rehabilitation (even if you acquired a building this year and
"placed it in service" for the purpose of the acquisition credit, you cannot receive
the 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 2010 or 2011).

3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.

2009 Page 2
Low-Income Housing Tax Credit Application For Reservation

E. Acquisition Credit Information


NOTE: If no credits are being requested for existing buildings being acquired for the development,
so indicate and go on to Part F: No Acquisition

Ten-Year Rule For Acquisition Credits


All buildings satisfy the 10-year look-back rule of IRC Section 42 (d)(2)(B), including the
10% basis/$15,000.00 rehab costs ($10,000 for Tax Exempt Bonds) per unit requirement.
All buildings qualify for an exception to the 10-year rule under IRC Section 42(d)(2)(D)(i),
Subsection (I)
Subsection (II)
Subsection (III)
Subsection (IV)
Subsection (V)

A waiver of the 10-year rule for all buildings has been or will be requested from the
Department of the Treasury pursuant to IRC Section 42(d)(6)(B)

Different circumstances for different buildings: Attach a separate sheet and explain for each
building.

F. Rehabilitation Credit Information

NOTE If no credits
NOTE: dit are bbeing
i requested
t d ffor rehabilitation
h bilit ti expenditures,
dit so iindicate
di t and
d go
on to Section II. No Rehabilitation

Minimum Expenditure Requirements


All buildings in the development satisfy the rehab costs per unit requirement of IRC
Section 42(e)(3)(A)(ii).
All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the
10% basis requirement (4% credit only).
All buildings in the development qualify for the IRC Section 42(f)(5)(B)(ii)(II) exception.
Different circumstances for different buildings. Attach a separate sheet and
explain for each building.

2009 Page 3
Low-Income Housing Tax Credit Application For Reservation

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

Must be an individual or legally formed entity

A. Owner Information:
Name Wesley Colonial Village II Limited Partnership
Contact Person First: Kamilah Middle: P Last: McAfee
Address 5515 Cherokee Avenue, Suite 200
(Street)
Alexandria Virginia 22312
(City) (State) (Zip Code)

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


Phone (703) 642-3830 ext. 220 Fax (703) 941-1724 Email address kmcafee@whdc.org
Type of entity: Limited Partnership Other
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements) attached (Mandatory TAB B)
Certification from Virginia State Corporation Commission attached (Mandatory TAB C)

Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):
Names ** Phone Type Ownership % Ownership
Wesley
y Housingg Develop.
p Corp.
p of No. VA ((703)) 642-3830 Initial Limited Partner 99.99%
Wesley 18th Street, LLC (703) 642-3830 General Partner 0.01%
0.00%
**Wesley Housing Development Corp. of No. VA is 100% owner of GP 0.00%
0.00%
**Shelley Murphy, President/CEO of Wesley Housing Development Corp. of No. VA 0.00%
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, & ownership structure chart.

B. Seller Information:
Name Troy Street, LLC Contact Person Shelley Murphy
Address 5515 Cherokee Avenue, Suite 200
Alexandria, VA 22312 Phone (703) 642-3830

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
Act V, Inc. (703) 642-3830 Member 100.00%
0.00%
**Wesley Housing Dev. Corp. of No. VA (703) 642-3830 Control 0.00%
**Shelley Murphy, Pres./CEO of Wesley Housing Development Corp. of No. VA

2009 Page 4
Low-Income Housing Tax Credit Application For Reservation

C. Development Team Information:


Complete the following as applicable to your development team.

1. Tax Attorney: Erik Hoffman Related Entity? Yes No


Firm Name: Klein Hornig, LLP
Address: 1275 K Street, N.W., Washington, DC 20005
Phone: (202) 842-0125 Fax: (202) 842-3936

2. Tax Accountant: Ed Ryan Related Entity? Yes No


Firm Name: Reznick Group
Address: 7700 Old Georgetown Road, Suite 400, Bethesda, MD 20814
Phone: (301) 652-9100 Fax:

3. Consultant: Carrie Barton Related Entity? Yes No


Firm Name: EHT Traceries, Inc. Role: Historic Preservation Consultan
Address: 1121 Fifth Street, N.W., Washington, DC 20001-3605
Phone: (202) 393-1199 Fax: (202) 393-1056

4. Management Entity (Contact): Carol Rocabado Related Entity? Yes No


Firm Name: Wesley Housing Development Corporation
Address: 5515 Cherokee Avenue, Suite 200, Alexandria, VA 22312
Phone: (703) 642-3830 ext. 225 Fax: (703) 941-1724

5. Contractor (Contact): To be determined Related Entity? Yes No


Firm Name:
Address:
Phone: Fax:

6. Architect: Michael Wiencek Related Entity? Yes No


Firm Name: Wiencek + Associates
Address: 1814 N Street, N.W., Washington, DC 20036
Phone: (202) 349-0742 Fax: (202) 349-0742

7. Real Estate Attorney: Erik Hoffman Related Entity? Yes No


Firm Name: Klein Hornig, LLP
Address: 1275 K Street, N.W., Washington, DC 20005
Phone: (202) 842-0125 Fax: (202) 842-3936

8. Mortgage Banker: To Be Determined Related Entity? Yes No


Firm Name:
Address:
Phone: Fax:

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


Firm Name: Role:
Address:
Phone: Fax:

2009 Page 5
Low-Income Housing Tax Credit Application For Reservation

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
Wesley Housing Development Corporation of Northern Virginia
(Name of nonprofit)
Shelley Murphy 5515 Cherokee Avenue, Suite 200
(Contact Person) (Street Address)
Alexandria Virginia 22312
(City) (State) (Zip code)
(703) 642-3830 ext. 212 (703) 941-1724
(Phone) (Fax)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)


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

2009 Page 6
Low-Income Housing Tax Credit Application For Reservation

III. DEVELOPMENT INFORMATION

A. Structure and Units:


1. Total number of all units in development 48
Total number of rental units in development 48 bedrooms 56
Number of low-income rental units 48 bedrooms 56
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: 70 YEARS
Elevator Number of stories: 2 TO 3
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 48 bedrooms 56
4. Total Floor Area For The Entire Development 37,735.00 (Sq. ft.)

5. Unheated Floor Area (Breezeways, Balconies, Storage) 1,321.00 (Sq. ft.)


6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)
(Not eligible for funding)
7. Total Usable Residential Heated Area 36,414.00 (Sq. ft.)

8. Number of Buildings (containing rental units) 7

9. Commercial Area Intended Use:

10. Project consists primarily of a building(s) which is (are)(CHOOSE ONLY ONE)

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


Mid-Rise (5-7 stories with no structural elements made of wood)
High-Rise (8 or more stories with no structural elements made of wood)

B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: Laundry Facilities and Community Room

Exterior Finish: Brick


Heating/AC System: Individual heat pumps with central air condition
Architectural Style: Colonial Revival

2009 Page 7
Low-Income Housing Tax Credit Application For Reservation
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 0.00 SF
1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 0.00 SF 4-Bdrm Gar 0.00 SF
1-Sty 1BR-Eld 0.00 SF Eff-Gar 0.00 SF 2-Bdrm TH 0.00 SF
1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 718.41 SF 3-Bdrm TH 0.00 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 959.71 SF 4-Bdrm TH 0.00 SF

2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
36,414.00 Documentation attached (TAB F) Mandatory
(Sq. ft.)

NOTE: All developments must meet VHDA's Minimum Design and Construction Requirements.
By signing and submitting the Application For Reservation of Low Income Housing Tax Credits the
applicant certifies that the proposed project budget, plans & specifications and work write-ups incorporate
all necessary elements to fulfill these requirements.

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


Documentation attached (TAB F Architect Certification) Mandatory

project upon completion of construction/rehabilitation:


For any project, (Optional Point items)
50% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms
0% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms
b. A community/meeting room with a minimum of 749 square feet is provided
100% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)
d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements
e. All windows meet the EPA's Energy Star qualified program requirements
f. Every unit in the development is heated and air conditioned with either (i) heat pump units with both a
SEER rating of 14.0 or more and a HSPF rating of 8.2 or more and a variable speed air handling unit
(for through- the-wall heat pump equipment that has an EER rating of 11.0 or more), or (ii) air
conditioning units with a SEER rating of 14.0 or more and a variable speed air handling unit, combined
with gas furnaces with an AFUE rating of 90% or more
g. Water expense is sub-metered (the tenant will pay monthly or bi-monthly bill)
h. Each bathroom consists only of low-flow faucets (2.2 gpm max.) and showerheads (2.5gpm max.)
i. Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice.
j. All water heaters meet the EPA's Energy Star qualified program requirements.

2009 Page 8
Low Income Housing Tax Credit Application For Reservation

For all projects exclusively serving elderly and/or handicapped tenants, upon completion
of construction/rehabilitation: (Optional Point items)
a. All cooking ranges will have front controls
b. All units will have an emergency call system
c. All bathrooms will have an independent or supplemental heat source
d. All entrance doors have two eye viewers, one at 48" and the other at standard height

For all rehabilitation and adaptive reuse projects, upon completion of construction or
or rehabilitation: (Optional Point items)

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


located in a registered historic district and certified by the Secretary of the Interior as
being of historical significance to the district, and the rehabilitation will be completed
in such a manner as to be eligible for historic rehabilitation tax credits

Accessibility

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

For any non-elderly property in which the greater of 5 or 10% of the units (i) provide federal project-based rent subsidies or
equivalent assistance in order to ensure occupancy by extremely low-income persons; (ii) conform to HUD regulations
interpreting accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to people with
special needs in accordance with a plan submitted as part of the Application. (If special needs include mobility impairments
the units described above must include roll-in showers and roll under sinks and front controls for ranges).

For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD’s Housing Choice
Voucher ((“HCV”)) ppayment
y standard;; (ii)
( ) conform to HUD regulations
g p g accessibilityy requirements
interpreting q 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

LEED Accredited Design Team Member


One or more members of the design team is a LEED accredited professional.
Yes No If Yes, attach appropriate documentation at TAB F

Universal Design - Units Meeting Universal Design Standards


a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.
Yes No If Yes, attach appropriate documentation at TAB F
b. Number of Rental Units constructed to meet VHDA's Universal Design standards:
5 Units 10%

VHDA Certified Property Management Agent


Owner agrees to use a VHDA Certified Property Management Agent to manage the property.
Yes No

Yes No N/A The market-rate units' amenities are substantially equivalent to those of the
low-income units. If no, explain differences:

2009 Page 9
Low-Income Housing Tax Credit Application For Reservation

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 ranking system.

Units Provided Per Household Type:


Income Levels Rent Levels
# of Units % of Units # of Units % of Units
0 0.00% 40% Area Median 0 0.00% 40% Area Median
0 0.00% 50% Area Median 0 0.00% 50% Area Median
48 100.00% 60% Area Median 48 100.00% 60% Area Median
0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
48 100.00% Total 48 100.00% 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: 0 Number of units 0% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or 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: Arlington County Department of Human Services, Section 8 Office
Contact person (Name and Title) Ms. Peggy Pimentel
Phone Number (703) 228-1455 Required documentation attached (TAB H)

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


(Less than or equal to 20% of the units must have of 1 or less bedrooms).
Yes
No

2009 Page 10
Low-Income Housing Tax Credit Application For Reservation

V. LOCAL NEEDS AND SUPPORT

A. Provide the name and the address of the chief executive officer (City Manager, Town Manager, or
County Administrator) of the political jurisdiction in which the development will be located:
Chief Executive Officer's Name Ron Carlee
Chief Executive Officer's Title County Manager
Street Address 2100 Clarendon Blvd., Suite 302 Phone (703) 228-3120
City Arlington State Virginia Zip 22201

Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Ken Aughenbaugh
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009

VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No

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


Chief Executive Officer's Name
Chief Executive Officer's Title
Street Address Phone
City State Zip

Name and title of local official you have discussed this project with who could answer questions for the
local CEO:
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009

VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No

B. j Schedule
Project

ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract 5/12/2009 Kamilah McAfee/Erik Hoffman
Site Acquisition 11/5/2009 Kamilah McAfee
Zoning Approval N/A N/A
Site Plan Approval N/A N/A
Financing
A. Construction Loan
Loan Application 8/5/2009 Kamilah McAfee
Conditional Commitment 9/11/2009 Kamilah McAfee/TBD
Firm Commitment 10/16/2009 Kamilah McAfee/TBD
B. Permanent Loan - First Lien
Loan Application 8/5/2009 Kamilah McAfee
Conditional Commitment 9/11/2009 Kamilah McAfee/TBD
Firm Commitment 10/16/2009 Kamilah McAfee/TBD
C. Permanent Loan-Second Lien
Loan Application
Conditional Commitment
Firm Commitment
D. Other Loans & Grants
Type & Source, List
Application
Award/Commitment
Formation of Owner 5/11/2009 Kamilah McAfee/Erik Hoffman
IRS Approval of Nonprofit Status 9/12/1975 N/A
Closing and Transfer of Property to Owner 11/5/2009 Kamilah McAfee
Plans and Specifications, Working Drawings 10/1/2009 Kamilah McAfee/Michael Wiencek
Building Permit Issued by Local Government 11/2/2009 Kamilah McAfee
Start Construction 11/9/2009 Kamilah McAfee/TBD GC
Begin Lease-up 3/31/2010 Carol Rocabado
Complete Construction 12/30/2010 Kamilah McAfee/TBD GC
Complete Lease-Up 3/31/2011 Carol Rocabado
Credit Placed in Service Date 3/31/2011 Kamilah McAfee
2009 Page 11
Low-Income Housing Tax Credit Application For Reservation

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: 11/06/09 )
Purchase Contract - attached (expiration date: )

If more than one site for the development and more than one form of site control, please so indicate
and attach a separate sheet specifying each site, number of existing buildings on the site, if any,
type of control of each site, and applicable expiration date of form of site control. A site control
document is required for each site.

B. Timing of Acquisition by Owner:


Select one:

Owner already controls site by either deed or long-term lease or

Owner is to acquire property by deed (or lease for period no shorter than period property
will be subject to occupancy restrictions) no later than 11/05/09 (must be prior to November 6, 2009).

If more than one site for the development and more than one expected date of acquisition by
Owner, please so indicate and attach separate sheet specifying each site, number of existing
buildings on the site, if any, and expected date of acquisition of each site by the Owner.

C. Market Study Data:

Obtain the following information from the Market Study conducted in connection with this tax credit application and enter below:

Project Wide Capture Rate - LIHTC Units 3.26%


Project Wide Capture Rate - Market Units N/A
Project Wide Capture Rate - All Units 3.26%
Project Wide Absorption Period (Months) 5

2009 Page 12
Low-Income Housing Tax Credit Application For Reservation

C. Site Description

1. Exact area of site in acres 1.630

2. Has locality approved a final site plan or plan of development?


Yes No
Required documentation form attached (TAB L)

3. Is site properly zoned for the proposed development?


Yes No
Required documentation form attached (TAB M)

4. Will the proposal seek to qualify for points associated with proximity to public transportation?
Yes No
Required documentation form attached (TAB A)

D. Photographs

Include photographs of the site and any existing structure(s) in TAB O. For rehabilitation projects,
provide interior pictures which document the necessity of the proposed work.

E. Plans and Specifications

Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)

1. A location map with property clearly defined.


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

In addition: required documentation for rehabilitation properties

A unit-by-unit work write-up.

Plans and specifications/unit-by-unit work writeup attached (TAB P) or


Plans and specifications/unit-by-unit work writeup submitted separately

2009 Page 13
Low-Income Housing Tax Credit Application For Reservation

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: 0


Number of years in rental assistance contract: 0
Expiration date of contract:
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 14 18
g
Air Conditioning Electric Owner X Tenant 8 10
Cooking Natural Gas Owner X Tenant 15 17
Lighting Electric Owner X Tenant 32 37
Hot Water Natural Gas X Owner Tenant
Water X Owner Tenant
Sewer X Owner Tenant
Trash X Owner Tenant
Total utility allowance for costs paid by tenant $0 $69 $82 $0 $0

2. Source of Utility Allowance Calculation (Attach Documentation TAB Q)


HUD
Utility Company (Estimate) Local PHA
Utility Company (Actual Survey) Other:

2009 Page 14
Low-Income Housing Tax Credit Application For Reservation

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 40 $43,200
2 Bedroom Units 8 $10,304
3 Bedroom Units 0 $0
4 Bedroom Units 0 $0
Total Number of Tax Credit Units 48

Plus Other Income Source (list): Laundry $360


Equals Total Monthly Income: $53,864
Twelve Months x12
Equals Annual Gross Potential Income $646,368
Less Vacancy Allowance ( 7.0% ) $45,246
Equals Annual Effective Gross Income (EGI) - Low Income Units $601,122

** Beginning at Row 75 enter the appropriate data for both tax credit and market rate units in the yellow shaded cells.

2. Indicate the estimated monthly income for the Market Rate Units: **
Total Number of Total Monthly
Unit Type Market Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 0 $0
2 Bedroom Units 0 $0
3 Bedroom Units 0 $0
4 Bedroom Units 0 $0
Total Number of Market Units 0

Plus Other Income Source (list): $0


Equals Total Monthly Income: $0
Twelve Months x12
Equals Annual Gross Potential Income $0
Less Vacancy Allowance ( 0.0% ) $0
Equals Annual Effective Gross Income (EGI) - Market Rate Units $0

Documentation in Support of Operating Budget attached (TAB R)

List number of units by type: TOTAL UNITS

ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR


0 0 0 0 0 40

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH


8 0 0 0 0 0

1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD Note: Please be sure to enter the number of units in the
0 0 0 appropriate unit category. If not, you will find an error on
the scoresheet at 5a, 6a & 6b.
List number of units by type: TAX CREDIT UNITS
ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR
0 0 0 0 0 40

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH


8 0 0 0 0 0

1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD


0 0 0

Efficiency Units
Unit Type / Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

Efficiency - 40% 0 0.00 $ - $ -


Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
2009 Page 15
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -

Efficiency - 50% 0 0.00 $ - $ -


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

Efficiency - 60% 0 0.00 $ - $ -


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

Efficiency - Market 0 0.00 $ - $ -


Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Efficiency - Market 0 0.00 $ - $ -
Total Efficiency
Market Units: 0 0.00 Total Monthly
Eff. Market Rent: $ -

Total Eff. Units: 0 Total Eff. Rent $ -

1-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

1 BR - 40% 0 0.00 $ - $ -
2009 Page 15
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -

1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -

1 BR - 60% 2 559.00 $ 1,080 $ 2,160


1 BR - 60% 2 559.00 $ 1,080 $ 2,160
1 BR - 60% 2 592.00 $ 1,080 $ 2,160
1 BR - 60% 2 598.00 $ 1,080 $ 2,160
1 BR - 60% 6 558.00 $ 1,080 $ 6,480
1 BR - 60% 3 581.00 $ 1,080 $ 3,240
1 BR - 60% 3 610.00 $ 1,080 $ 3,240
1 BR - 60% 12 647.00 $ 1,080 $ 12,960
1 BR - 60% 2 583.00 $ 1,080 $ 2,160
1 BR - 60% 2 583.00 $ 1,080 $ 2,160
1 BR - 60% 4 583.00 $ 1,080 $ 4,320
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: 40 23,965.00 Tax Credit Rent: $ 43,200

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
Market Units: 0 0.00 Total Monthly
1-BR Market Rent: $ -

Total 1-BR Units: 40 Total 1-BR Rent $ 43,200

2009 Page 15
Low Income Housing Tax Credit Application for Reservation
Please indicate if the following items are included with your application by checking the appropriate boxes. Your
assistance in organizing the submission in the following order, and actually using tabs to mark them as shown, will
facilitate review of your application. Please note that all mandatory items must be included for the application to be
processed. The inclusion of other items may increase the number of points for which you are eligible under VHDA's point
system of ranking applications, and may assist VHDA in its determination of the appropriate amount of credits that it may
reserve for the development. You are therefore encouraged to submit as much requested information as is available, but
their inclusion is not mandatory for review of your application.

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)


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

2009 Submission Checklist


2-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -

2 BR - 50% 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 - 50% 0 0.00 $ - $ -

2 BR - 60% 3 817.00 $ 1,288 $ 3,864


2 BR - 60% 1 792.00 $ 1,288 $ 1,288
2 BR - 60% 4 821.00 $ 1,288 $ 5,152
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 $ - $ -
Total 2-BR Total Monthly 2-BR
Tax Credit Units: 8 6,527.00 Tax Credit Rent: $ 10,304

2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2009 2 BR - Market 0 0.00 $ - $ - Page 15
Total 2-BR
Market Units: 0 0.00 Total Monthly
2-BR Market Rent: $ -

Total 2-BR Units: 8 Total 2-BR Rent $ 10,304

3-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -

3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -

3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
Total 3-BR Total Monthly 3-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -

3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
2009 Page 15
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
Market Units: 0 0.00 Total Monthly
3-BR Market Rent: $ -

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

4-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

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 $ - $ -
Total 4-BR Total Monthly 4-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
2009 Page 15
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
Total 4-BR
Market Units: 0 0.00 Total Monthly
4-BR Market Rent: $ -

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

Total Units 48 Net Rentable SF: TC Units 30,492.00


MKT Units 0.00
Total NR SF: 30,492.00

Floor Space Fraction 100.0000%

2009 Page 15
Low-Income Housing Tax Credit Application For Reservation

D. Operating Expenses
Administrative:
1. Advertising/Marketing $3,600
2. Office Salaries $10,050
3. Office Supplies $5,543
4. Office/Model Apartment (type______) $0
5. Management Fee $30,056
5.00% of EGI 626.1666667 Per Unit
6. Manager Salaries $11,400
7. Staff Unit (s) (type______) $0
8. Legal $415
9. Auditing $5,000
10. Bookkeeping/Accounting Fees $480
11. Telephone & Answering Service $2,955
12. Tax Credit Monitoring Fee $1,650
13. Miscellaneous Administrative $2,385
Total Administrative $73,534
Utilities
14. Fuel Oil $0
15. Electricity $11,365
16. Water $27,065
17. Gas $8,970
18. Sewer $0
Total Utility $47,400
Operating:
19. Janitor/Cleaning Payroll $0
20. Janitor/Cleaning Supplies $100
21. Janitor/Cleaning Contract $15,725
22. Exterminating $760
23. Trash Removal $8,350
24. Security Payroll/Contract $0
25. Grounds Payroll $0
26. Grounds Supplies $100
27. Grounds Contract $10,240
28. Maintenance/Repairs Payroll $34,125
29. Repairs/Material $4,800
30. Repairs Contract $8,500
31. Elevator Maintenance/Contract $0
32. Heating/Cooling Repairs & Maintenance $1,040
33. Pool Maintenance/Contract/Staff $0
34. Snow Removal $850
35. Decorating/Payroll/Contract $0
36. Decorating Supplies $1,185
37. Miscellaneous $3,400
Operating & Maintenance Totals $89,175
Taxes & Insurance
38. Real Estate Taxes $40,000
39. Payroll Taxes $4,100
40. Miscellaneous Taxes/Licenses/Permits $2,000
41. Property & Liability Insurance $16,000
42. Fidelity Bond $0
43. Workman's Compensation $2,800
44. Health Insurance & Employee Benefits $8,500
45. Other Insurance $0
Total Taxes & Insurance $73,400
6544
Total Operating Expense $283,509

D1. Total Oper. Ex. Per Unit $5,906 D2. Total Oper. Ex. As % EGI (from E3) 47.16%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $14,400

Total Expenses $297,909

2009 Page 16
Low-Income Housing Tax Credit Application For Reservation

E. Cash Flow (First Year)


1. Annual EGI Low-Income Units from (C1) $601,122
2. Annual EGI Market Units (from C2) + $0
3. Total Effective Gross Income = $601,122
4. Total Expenses (from D) $297,909
5. Net Operating Income = $303,213
6. Total Annual Debt Service (from Page 21 B2) - $261,965
7. Cash Flow Available for Distribution = $41,248

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 601,122 619,156 637,731 656,863 676,568
Less Oper. Expenses 297,909 309,825 322,218 335,107 348,511
Net Income 303,213 309,331 315,512 321,755 328,057
Less Debt Service 261,965 261,965 261,965 261,965 261,965
Cash Flow 41,248 47,366 53,547 59,790 66,092
Debt Coverage Ratio 1.16 1.18 1.20 1.23 1.25

Year 6 Year 7 Year 8 Year 9 Year 10


Eff. Gross Income 696,865 717,771 739,305 761,484 784,328
Less Oper. Expenses 362,452 376,950 392,028 407,709 424,017
Net Income 334,414 340,821 347,277 353,775 360,311
Less Debt Service 261,965 261,965 261,965 261,965 261,965
Cash Flow 72,449 78,856 85,312 91,810 98,346
Debt Coverage Ratio 1.28 1.30 1.33 1.35 1.38

Year 11 Year 12 Year 13 Year 14 Year 15


Eff. Gross Income 807,858 832,094 857,057 882,768 909,251
Less Oper. Expenses 440,978 458,617 476,962 496,040 515,882
Net Income 366,880 373,477 380,095 386,728 393,369
Less Debt Service 261,965 261,965 261,965 261,965 261,965
Cash Flow 104,915 111,512 118,130 124,763 131,404
Debt Coverage Ratio 1.40 1.43 1.45 1.48 1.50
Estimated Annual Percentage Increase in Revenue 3.00% (Must be < 3%)
Estimated Annual Percentage Increase in Expenses 4.00% (Must be > 4%)

2009 Page 17
Low-Income Housing Tax Credit Application For Reservation

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 138,950 0 0 104,214
C. Other: 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 3,121,336 0 0 3,121,336
F.
F Accessory
A Building
B ildi (s)
() 0 0 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 3,260,286 0 0 3,225,550
L. General Requirements 195,617 0 0 195,617
M. Builder's Overhead 65,206 0 0 65,206
( 2.0% Contract)
N. Builder's Profit 195,617 0 0 195,617
( 6.0% Contract)
O. Bonding Fee 55,751 0 0 55,751
P. Other: Cost Certifcation 5,000 0 0 5,000
Q. Contractor Cost
Subtotal (Sum 1K..1P) $3,777,477 $0 $0 $3,742,741

2. Owner Costs
A. Building Permit 40,000 0 0 40,000
B. Arch./Engin. Design Fee 175,000 0 0 175,000
( 3,646 /Unit)
C. Arch. Supervision Fee 40,000 0 0 40,000
( 833 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0

2009 Page 18
Low-Income Housing Tax Credit Application For Reservation

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"
2. Owner Costs Continued

F. Construction Loan 56,500 0 0 0


Origination Fee
G. Construction Interest 182,000 0 0 91,000
( 5.6% for 12 months)
H. Taxes During Construction 42,100 0 0 42,100
I. Insurance During Construction 19,400 0 0 19,400
J. Cost Certification Fee 10,000 0 0 10,000
K. Title and Recording 35,000 26,250 0 0
L. Legal Fees for Closing 100,000 2,000 0 55,500
M. Permanent Loan Fee 0 0 0 0
( 0.0% )
N. Other Permanent Loan Fees 0 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 32,000 0 0 0
Q. Environmental Study 7,500 0 0 7,500
R. Structural/Mechanical Study 7,500 0 0 7,500
S. Appraisal Fee 8,000 0 0 8,000
T. Market Study 4,500 0 0 4,500
U. Operating Reserve 273,000 0 0 0
V. Tax Credit Fee 30,749 0 0 0
W. OTHER $853,376 $0 $0 $720,948
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $1,916,625 $28,250 $0 $1,221,448

Subtotal 1 + 2 $5,694,102 $28,250 $0 $4,964,189


(Owner + Contractor Costs)

3. Developer's Fees 1,115,000 91,622 0 1,023,378

4. Owner's Acquisition Costs


Land 1,250,000
Existing Improvements 3,750,000 3,750,000
Subtotal 4: $5,000,000 $3,750,000

5. Total Development Costs


Subtotal 1+2+3+4: $11,809,102 $3,869,872 $0 $5,987,567

If this application seeks rehab credits only, in which there is no acquisition and no change in ownership, enter the greater of
appraised value or tax assessment value here: $0 Land
(Attach documentation at Tab K) $0 Building

2009 Page 19
Low-Income Housing Tax Credit Application For Reservation

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"
W. OTHER OWNER COSTS

Contingency Reserve 377,748 0 0 377,748


(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Surveys 15,000 0 0 15,000
Furniture, Fixtures and Equipment 25,000 0 0 25,000
Marketing 10,000 0 0 0
Accounting 15,000 0 0 15,000
Tenant Relocation 125,000 0 0 125,000
Historic Preservation Consultant 70,000 0 0 70,000
Lease-up Reserve 75,000 0 0 0
Soft Cost Contingency 37,200 0 0 37,200
TCAP Allocation Fee 21,428 0 0 0
Earthcraft 30,000 0 0 30,000
Other Financing Costs 52,000 0 0 26,000
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

Subtotal (Other Owner Costs) $853,376 $0 $0 $720,948

2009 Page 19A


Low-Income Housing Tax Credit Application For Reservation

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"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 11,809,102 3,869,872 0 5,987,567

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 2,636,259

7. Total Eligible Basis (5 minus 6 above) 3,869,872 0 3,351,308

8. Adjustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)


(i) For Earthcraft or LEED Certification AND 60 Bonus Points 0 0
(ii) For QCT or DDA (Eligible Basis x 30%) 0 0

Total Adjusted Eligible basis 0 3,351,308

9. Applicable Fraction 100.0000% 100.0000% 100.0000%

10. Total Qualified Basis (Same as Part IX-C) 3,869,872 0 3,351,308


(Eligible Basis x Applicable Fraction)

11. Applicable Percentage 3.28% 3.28% 9.00%


(For 2009 9% competitive credits, use the May 2009 applicable percentages for acq.)
(For 9% non-competitive & tax exempt bonds, use the most recently published rates)

12. Maximum Allowable Credit under IRC §42 $126,932 $0 $301,618


(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $428,550
credit amount requested) Combined 30% & 70% P. V. Credit

2009 Page 20
Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2009-Z-036


I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, 5/14/09
the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:


1. Name of Development Colonial Village II Apartments
2. Address of Development 2101, 2103, 2105, 2107, 2109, 2113, and 2115 North 18th Street
(Street)
Arlington Virginia 22201
(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. -77.085402, 38.894776
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 Arlington County (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? Yes No
If yes, what other City/County is the site located in besides the one mentioned above?
6. Is the development located in a Metropolitan Statistical Area? Yes No
7. Census Tract the development is located in: 1016
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
8. Is the development located in a Difficult Development Area? No
9. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
10. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in
this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or
rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. Yes n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. Yes n/a
11. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No
12. Is the development listed on the RD 515 Rehabilitation
Priority List? Yes No
13. Congressional District 8 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf
Planning District 8 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 31 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 48 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

14. Location Map Attached (TAB A)

B. Project Description:
In the space provided below, give a brief description of the proposed project.

Colonial Village  II is a 48‐unit, garden‐style multifamily complex which is located on the National Historic Register.  The property is affordable housing 


that is in close proximity to a subway station which needs substantial rehabilitation and preservation of its affordability and historic character. 

2009 Page 1
Low-Income Housing Tax Credit Application For Reservation

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 08/05/09 09/11/09 $3,200,000
2. \ $0
3. $0

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

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

Interest Amortization Term


Date of Date of Amount of Annual Debt Rate of Period of
Source of Funds Application Commitment Funds Service Cost Loan IN YEARS Loan (years)
1. VHDA Taxable 08/05/09 09/11/09 $1,700,000 $159,935 9.00% 35 35
2. VHDA SPARC 08/05/09 09/11/09 $1,500,000 $102,030 5.95% 35 35
3. $0 $0 0.00% 1000 0
4. $0 $0 0.00% 1000 0
5. $0 $0 0.00% 1000 0
6.
6 $0 $0 0.00%
0 00% 1000 0

Totals: $3,200,000 $261,965

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

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

Date of Date of Amount of


Source of Funds Application Commitment Funds Name of Contact Person
1. $0
2. $0
3. $0
4. $0
5. $0
6. TCAP 05/15/09 N/A $1,180,012

Total Permanent Grants: $1,180,012


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

2009 Page 21
Low-Income Housing Tax Credit Application For Reservation

4. Portion of Syndication Proceeds Attributable to Historic Tax Credit


Amount of Federal historic credits $1,171,671 x Equity % $0.85 $995,920
Amount of Virginia historic credits $1,464,588 x Equity % $0.55 $805,523

6. Equity that Sponsor will Fund:


Cash Investment $0
Contributed Land/Building $0 Assessment Attached (TAB S)
Deferred Developer Fee $0
Other: Seller Note $2,242,439
Equity Total $2,242,439
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $8,423,895
(not including syndication proceeds except for historic tax credits)

8. Total Development Cost $11,809,102


(From VIII-A5)

9. Less Total Sources of Funds (From B7 above) $8,423,895

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


proceeds (must equal IX-D3) $3,385,207

C. Syndication Information (If Applicable)

1. Actual or Anticipated Name of Syndicator Enterprise Community Investment, Inc.


2. Contact Person Steve Smith Phone (410) 772-2723
3. Street Address 10227 Wincopin Circle
City Columbia State MD Zip 21044

4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $3,385,206


b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.79
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.99%
d. Net credit amount anticipated by user of credits $428,507
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) $3,385,206

6. Amount of annual credit required for above amounts


(same amount as Part IX-D6) $428,550
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 78.99%

8. Syndication: Public or Private


9. Investors: Individual or Corporate
Syndication commitment or letter of intent attached (TAB U)

2009 Page 22
Low-Income Housing Tax Credit Application For Reservation

D. Recap of Federal, State, and Local Funds/Any Credit Enhancements

1. Are any portions of the sources of funds described above for the development financed directly or indirectly
with Federal, State, or Local Government Funds? Yes No
If yes, then check the type and list the amount of money involved.

Below-Market Loans Market-Rate Loans

Tax Exempt Bonds $0 Taxable Bonds $0


RD 515 $0 Section 220 $0
Section 221(d)(3) $0 Section 221(d)(3) $0
Section 312 $0 Section 221(d)(4) $0
Section 236 $0 Section 236 $0
VHDA SPARC/REACH $0 Section 223(f) $0
HOME Funds $0 Other: $0
Other: $0
Other: $0

Grants Grants
CDBG $0 State $0
UDAG $0 Local $0
Other: TCAP $1,180,012

This means grants to the partnership. If you received a loan financed by a locality which received one of the
listed grants, please list it in the appropriate loan column as "other" and describe the applicable grant program
which funded it.

2. Subsidized funding: list all sources of funding for points. Documentation Attached (TAB T)

Source of Funds Commitment date Funds


1. $0
2. $0
3. $0
4. $0
5. $0

3. Does any of your financing have any credit enhancement? Yes No


If yes, list which financing and describe the credit enhancement:

4. Other Subsidies Documentation Attached (TAB Q)


Section 8 Rent Supplement or Rental Assistance Payment
Tax Abatement
Other

5. Is HUD approval for transfer of physical asset required?


Yes No

E. For Transactions Using Tax-Exempt Bonds Seeking 4% Credits:


For purposes of the 50% Test, and based only on the data entered to this
application, the portion of the aggregate basis of buildings and land financed with
tax-exempt funds is: N/A

2009 Page 23
Low-Income Housing Tax Credit Application For Reservation

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 y 15-year


y compliance
p period,, a q
p qualified nonprofit
p 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: Wesley Housing Development Corporation of Northern Virginia

2. A qualified nonprofit or local housing authority submits a homeownership plan committing to


sell the units in the development after the mandatory 15-year compliance period to tenants whose
incomes shall not exceed the applicable income limit at the time of their initial occupancy.
Do not select if extended compliance is selected in IX.A above.
Homeownership Plan Attached (TAB J)

C. Building-by-Building Information (Complete page 25 as appropriate)

2009 Page 24
Low-Income Housing Tax Credit Application For Reservation

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. 8 2101 North 18th Street $706,252 11/5/2009 3.28% 23,165 $0 0.00% 0 $611,614 03/31/11 9.00% 55,045
2. 8 2103 North 18th Street $619,567 11/5/2009 3.28% 20,322 $0 0.00% 0 $536,544 03/31/11 9.00% 48,289
3. 4 2105 North 18th Street $299,141 11/5/2009 3.28% 9,812 $0 0.00% 0 $259,056 03/31/11 9.00% 23,315
4. 8 2107 North 18th Street $619,567 11/5/2009 3.28% 20,322 $0 0.00% 0 $536,544 03/31/11 9.00% 48,289
5. 4 2109 North 18th Street $299,141 11/5/2009 3.28% 9,812 $0 0.00% 0 $259,056 03/31/11 9.00% 23,315
6. 8 2113 North 18th Street $619,567 11/5/2009 3.28% 20,322 $0 0.00% 0 $536,544 03/31/11 9.00% 48,289
7. 8 2115 North 18th Street $706,639 11/5/2009 3.28% 23,178 $0 0.00% 0 $611,949 03/31/11 9.00% 55,075
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
$3,869,872 $0 $3,351,308

$126,932 $0 $301,618
Qualified Basis Totals (must agree with VIII-A10)

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

2009 Page 25
Low-Income Housing Tax Credit Application For Reservation

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) $11,809,102

2. Less Total Sources of Funds (from VIII-B7 page 22) $8,423,895

3. Equals Equity Gap $3,385,207

4. Divided by Net Equity Factor (VIII-C7 page 22) 78.99%


(Percent of 10-year credit expected to be raised as equity investment)

5. Equals Ten-Year Credit Amount Needed to Fund Gap $4,285,500

Divided by ten years 10

6. Equals Annual Tax Credit Required to Fund the Equity Gap $428,550

7. The Maximum Allowable Credit Amount $428,550


(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 8,928 Combined 30% & 70% PV Credit

Credit per Bedroom 7,653 $428,550


Comprised of

$126,932 and $301,618


30% PV Credit 70% PV Credit

(Based on same relative percentages as VIII-A12)

E. Attorney’s Opinion Goal Seek Function


Attached in Mandatory TAB W) If you incur the error message that your reservation amount is not equal
to the equity gap amount you may use the goal seek function within the Excel
spreadsheet to eliminate the error message. To use the “Goal Seek” function first
place the curser box on cell V28. Using the mouse arrow, point and click on
“Tools” on the top line and then click on the “Goal Seek” option. A box will
appear with the V28 cell shown in the top space, place the cursor in the middle
box and type in the new amount that you want the equity gap to be which should
be the reservation amount below, then place the cursor in the bottom space and at
the bottom of the page click on page 22. Then place the cursor on cell N15
(Deferred Developer Fee) and click on “OK”. A message should then appear that
a solution has been found and if the amount is correct click “OK”. If the amounts
are now equal the error message will disappear.

2009 Page 26
Low-Income Housing Tax Credit Application For Reservation

F. Statement of Owner

The undersigned hereby acknowledges the following:

1. that, to the best of its knowledge and belief, all factual information provided herein or in connection
herewith is true and correct, and all estimates are reasonable.

2. that it will at all times indemnify and hold harmless VHDA and its assigns against all losses, costs,
damages, VHDA's expenses, and liabilities of any nature directly or indirectly resulting from, arising out of,
or relating to VHDA's acceptance, consideration, approval, or disapproval of this reservation request and
the issuance or nonissuance of an allocation of credits, grants and/or loan funds in connection herewith.

3. that points will be assigned only for representations made herein for which satisfactory documentation is
submitted herewith and that no revised representations may be made in connection with this application
once the deadline for applications has passed.

4. that this application form, provided by VHDA to applicants for tax credits, including all sections herein
relative to basis, credit calculations, and determination of the amount of the credit necessary to make the
development financially feasible, is provided only for the convenience of VHDA in reviewing reservation
requests; that completion hereof in no way guarantees eligibility for the credits or ensures that the amount
of credits applied for has been computed in accordance with IRC requirements; and that any notations
herein describing IRC requirements are offered only as general guides and not as legal authority.

5. that the undersigned is responsible for ensuring that the proposed development will be comprised of
qualified low-income buildings and that it will in all respects satisfy all applicable requirements of federal
tax law and any other requirements imposed upon it by VHDA prior to allocation, should one be issued.

6. that, for the purposes of reviewing this application, VHDA is entitled to rely upon representations of the
undersigned as to the inclusion of costs in eligible basis and as to all of the figures and calculations relative
to the determination of qualified basis for the development as a whole and/or each building therein
individually as well as the amounts and types of credit applicable thereof, but that the issuance of a
reservation based on such representation in no way warrants their correctness or compliance with IRC
requirements.

7. that VHDA may request or require changes in the information submitted herewith, may substitute its own
figures which it deems reasonable for any or all figures provided herein by the undersigned and may reserve
credits, if any, in an amount significantly different from the amount requested.

8. that reservations of credits are not transferable without prior written approval by VHDA at its sole
discretion.

2009 Page 27
2009 LIHTC SELF SCORE SHEET:

Self Scoring Process

This worksheet is intended to provide you with an estimate of your application score based on the selection criteria described in the
QAP. Most of the data used in the scoring process is automatically entered below as you fill in the application. Other items,
denoted below in the green shaded cells, are items that are typically evaluated by VHDA’s staff during the application review and
feasibility analysis. For purposes of self scoring, it will be necessary for you to make certain decisions and assumptions about your
application and enter the appropriate responses in the green shaded cells of this score sheet. All but two require yes/no responses,
in which case enter Y or N as appropriate. Item 2b pertaining to the Local CEO Letter will require one of the following responses: Y
– the letter indicates unconditional support; N – the letter indicates opposition to the project; NC – no comment from the locality, or
any other response which is neither unconditional support nor opposition. Item 5e1 requires a numeric value to be entered. Please
remember that the score is only an estimate based on the selection criteria using the reservation application data and the
responses you’ve entered on this score sheet. VHDA reserves the right to change application data and/or score sheet responses
where appropriate, which may change the final score.

MANDATORY ITEMS: Score


a. Signed, completed application Y Y or N 0
b. Duplicate copy of application Y Y or N 0
c. Partnership agreement Y Y or N 0
d. SCC Certification Y Y or N 0
e. Previous participation form Y Y or N 0
f. Site control document Y Y or N 0
g. Architect's Certification Y Y or N 0
h. Attorney's opinion Y Y or N 0
i. Nonprofit questionnaire (if NP) Y 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 N 0 or 20 0.00
h. Tax abatement or new project based rental subsidy (HUD or RD) N 0 or 10 0.00
i. Census tract with <10% poverty rate, no tax credit units N 0 or 25 0.00
j. Development listed on the Rural Development Rehab Priority List N 0 or 15 0.00
Total 90.00

3. DEVELOPMENT CHARACTERISTICS:
a. Unit size (See calculations below) Up to 100 100.00
b. Amenities (See calculations below) Up to 60 60.00
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 Y 0 or 30 30.00
or e. HUD 504 accessibility for 4% of units N 0 or 15 0.00
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 10% Up to 15 1.56
j. Developments with less than 100 units Up to 20 20.00
Total 276.56

4. TENANT POPULATION CHARACTERISTICS:


a. <= 20% of units having 1 or less bedrooms N 0 or 15 0.00
b. Percent of units with 3 or more bedrooms 0.00% Up to 15 0.00
Total 0.00

5. SPONSOR CHARACTERISTICS:
a. Developer experience - 3 developments with 3 x units or 6 developments with 1 x units Y 0 or 50 50.00
or b. Developer experience - 1 development with 1 x units N 0 or 10 0.00
c. Developer experience - uncorrected major violation N 0 or -50 0.00
d. Developer experience - noncompliance Enter Total Negative N 0 or -15 0.00
e1. Developer experience - did not build as represented Points Here: 0 0 or -x 0.00
e2. Developer experience - termination of credits by VHDA N 0 or -10 0.00
f. Management company rated unsatisfactory N 0 or -25 0.00
g. LEED accredited design team member Y 0 or 10 10.00
Total 60.00

6. EFFICIENT USE OF RESOURCES:


a. Credit per unit If #N/A or #REF! appears in the score column of these point Up to 180 44.31
b.2009
Cost per unit categories check spelling of Clerk's Office on pg 1. It must match Up to 75 2.89
Total exactly with the Jurisdiction names listed in the Application Manual. 47.21

7. BONUS POINTS: Locality AMI State AMI


a. Units with rents at or below 40% of AMI $99,000 $50,600 0% Up to 10 0.00
b. Units with rent and income at or below 50% of AMI 0% Up to 50 0.00
or c. Units with rents at or below 50% rented to tenants at or below 60% of AMI 0% Up to 25 0.00
or d. Units in Low Income Jurisdictions with rents <= 50% rented to tenants with <= 60% of AMI 0% Up to 50 0.00
e. Extended compliance 0 Years 40 or 50 0.00
or f. Nonprofit or LHA purchase option Y 0 or 60 60.00
or g. Nonprofit or LHA Home Ownership option N 0 or 5 0.00
Total 60.00

500 Point Threshold - 9% Credits TOTAL SCORE: 573.77


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 0
Low Sq.Ft. / BDRM 0 500 675 0
Project Sq.Ft. / BDRM 0 718 960 0
Percentage of Units 0.00% 83.33% 16.67% 0.00%
Points per Bedroom 0.00 83.33 16.67 0.00

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
Percentage of Units 0.00% 0.00% 0.00% 0.00%
Points per Bedroom 0.00 0.00 0.00 0.00

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 50.00% 7.50
b. Community Room 5.00
c. Brick Walls 100.00% 20.00
d. Kitchen/Laundry Appl-Energy Star 0.00
e. Windows-Energy Star 5.00
f. Heat/AC-SEER-AFUE 10.00
g. Sub-metered water expense 0.00
h. Low flow faucets & showerheads 3.00
i. High speed cable, DSL, wireless internet 1.00
j. Water heaters meet EPA Energy Star requirements 5.00
Total 56.50
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 5.00

Total amenities: 61.50

2009
$/SF = $282.48 Credits/SF = $15.58 Const $/unit = $78,697

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=600 100 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(25,000+)=3; REHAB(15,000-25,000)=4 3 match exactly with the Jurisdiction names
listed in the Application Manual.
ELDERLY
AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
AVG UNIT SIZE 0 0 0 0 0 0 0
NUMBER OF UNITS 0 0 0 0 0 0 0

PARAMETER-(COSTS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0

COST PARAMETER 0 0 0 0 0 0 0
PROJECT COST PER UNIT 0 0 0 0 0 0 0

PARAMETER-(CREDITS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0

CREDIT PARAMETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0

COST PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FAMILY
EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
AVG UNIT SIZE 0 718 960 0 0 0 0 0
NUMBER OF UNITS 0 40 8 0 0 0 0 0

PARAMETER-(COSTS=>25,000) 0 212,118 275,188 0 0 0 0 0


PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0 0

COST PARAMETER 0 212,118 275,188 0 0 0 0 0


PROJECT COST PER UNIT 0 202,934 271,096 0 0 0 0 0

PARAMETER-(CREDITS=>25,000) 0 14,923 19,360 0 0 0 0 0


PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0 0

CREDIT PARAMETER 0 14,923 19,360 0 0 0 0 0


PROJECT CREDIT PER UNIT 0 11,194 14,953 0 0 0 0 0

COST PER UNIT POINTS 0.00 2.71 0.19 0.00 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 37.49 6.83 0.00 0.00 0.00 0.00 0.00

TOTAL COST PER UNIT POINTS 2 89


2.89

TOTAL CREDIT PER UNIT POINTS 44.31

Cost Parameters - 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
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


AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
Standard Credit 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 Credit Parameter 0 0 0 0 0 0 0

Cost Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Parameter - low rise 0 212,118 275,188 0 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 0 212,118 275,188 0 0 0 0 0

Credit Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Credit Parameter - low rise 0 14,923 19,360 0 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 Credit Parameter 0 14,923 19,360 0 0 0 0 0

2009
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
TAB A.2
(Revitalization Area Certification)
Location Map
Surveyor’s Certification of Proximity
To Public Transportation
TAB B
(Partnership or Operating Agreement)
PARTNERSHIP AGREEMENT
CERTIFICATE OF LIMITED PARTNERSHIP
GENERAL PARTNER OPERATING AGREEMENT
ORGANIZATIONAL CHART
Wesley Colonial
Village II Limited
Partnership

General Partner: Initial Limited Partner:


Wesley 18th Street, LLC Wesley Housing Development
(0.01%) Corporation of Northern
(wholly owned by Wesley Virginia (99.99%)
Housing Development Shelley Murphy,
Corporation of Northern President/CEO
Virginia, Shelley Murphy,
President/CEO)
TAB C
(VA SCC Certification)
VIRGINIA STATE CORPORATION COMMISION CERTIFICATION

WESLEY COLONIAL VILLAGE II LIMITED PARTNERSHIP


VIRGINIA STATE CORPORATION COMMISSION CERTIFICATION

WESLEY 18TH STREET, LLC


TAB D
(Principal’s Previous Participation Certification)
TAB E
(Nonprofit Questionnaire)
CERTIFICATE OF GOOD STANDING
IRS DOCUMENTATION OF NON-PROFIT STATUS
NON-PROFIT ARTICLES OF INCORPORATION AND BYLAWS
BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE ROSTER
Wesley Housing Development Corporation
Board of Directors
POSITION CHURCH/
NAME & ADDRESS EMPLOYMENT COMMITTEE TERM
Executive Committee
Mr. James Barber Acacia Federal Chairman AL-12*
Bethesda, MD 20817 Chairman and CEO ex-officio member of all committees
7600 Leesburg Pike Executive
East Building, Suite 200 Chair, Audit
Falls Church, VA 22043 Project Strategies
(O) 703-506-8146
(F) 703-506-8160
james.barber@afsb.com

Mr. Casey Brill PNC Real Estate Finance Treasurer


6747 Anders Terrace Vice President Treasurer, Affiliate Board AR-10
Springfield, VA 22151 1601 K Street, NW Treasurer, Corporate Affiliate Board
(H) 703-642-5582 10th Floor Executive
(W) 202-835-4460 Washington, DC 20006 Chair, Project Strategy
(F) 202-835-5982 casey.brill@pnc.com Chair, Finance

Mr. Reginald L. Butler DC Housing Finance Agency Affiliate Board AL-11*


8622 Blackpool Drive (Retired) Corporate Affiliate Board
Annandale, VA 22003 Chair, Property Management
(H) 703-973-2228 Executive
RLB147@cox net
RLB147@cox.net Resident Services

Rev. Young Jin Cho Arlington District UMC Executive AL-10


District Superintendent
5001 Echols Avenue
Alexandria, VA 22311
(O) 703-820-7200
(F) 703-845-8147
arlingtonds@novaumc.org

Mr. Michael W. Graff, Jr. McGuireWoods Vice President, Affiliate Board AR-11
Washington, DC Partner VP, Corporate Affiliate Board
1750 Tysons Boulevard, Suuite 1800 Chair, Legal/Personnel
McLean, VA 22102 Executive
(O) 703-712-5110 Project Strategies
(F) 703-712-5191 Strategic Planning
mgraff@mcguirewoods.com

Mrs. Nancy L. Minter Urban Institute Library Secretary AR-12*


3137 Eakin Park Court Director, Library & Information Services President, Affiliate Board
Fairfax, VA 22031 2100 M Street, NW President, Corporate Affiliate Board
(H) 703-280-4996 Washington, DC 20037 Executive
(O) 202-261-5534 Chair, Governance
(F) 202-223-3043 Resource Development
nminter@ui.urban.org Strategic Planning

*2nd term, not eligible for reelection to Board 1 Rev. 04/09


Wesley Housing Development Corporation
Board of Directors
POSITION CHURCH/
NAME & ADDRESS EMPLOYMENT COMMITTEE TERM
Ms. Shelley S. Murphy Wesley Housing Development Corporation President/CEO N/A
8334 Cathedral Forest Drive President/CEO Executive
Fairfax Station, VA 22039 5515 Cherokee Ave Asst. Sec., Affiliate Board
(H) 703-690-0985 Suite 200 Asst. Sec., Corporate Affiliate Board
(C) 703-887-3571 Alexandria, VA 22312
shelley.murphy1@verizon.net (O) 703-642-3830 x 212
(F) 703-941-1724
smurphy@whdc.org

Ms. Beth Pautler INOVA Chair, Wesley Agape Board AR-11


8922 Grand Staff Court (Retired) ASI Board
Springfield, VA 22153 Executive
(H) 703-569-2387 Legal/ Personnel
pautler1@cox.net Resident Services
Chair, Resource Development

Members At Large
Karen W. Brown, CRC Brain Injury Services WASI Board (Coppermine I) AL-10
Alexandria, VA 22308 Executive Director Chair, Resident Services
8136 Old Keene Mill Road, Suite B-102 Resource Development
Springfield, VA 22152
(O) 703-451-8881,
703-451-8881 ext. ext 222
(F) 703-451-8820
kbrown@braininjurysvcs.org

Ms. Muriel Garr SunTrust Bank Governance AR-10*


VP & CRA Manager, Community
Dumfries, VA 22025 Development Resource Development
1445 New York Avenue, NW
Washington, DC 20005
(O) 202-879-6365
(F) 202-879-6525
muriel.garr@suntrust.com

Mr. Phillip B. Kemelor Semphonic Governance AR-12


6528 Jay Miller Drive Vice President, Strategic Analytics Strategic Planning
Falls Church, VA 22041 6528 Jay Miller Drive
(H) 703-916-7629 Falls Church, VA22041
(O) 703-916-7629
pkemelor@semphonic.com

*2nd term, not eligible for reelection to Board 2 Rev. 04/09


PREVIOUS LIHTC PROJECT PARTICIPATION
TAB F
(Architect’s Certification)
EARTHCRAFT CERTIFICATION DOCUMENTATION
Preliminary Chceklist
2009-04-29
Prepared by: Wiencek + Associates

EarthCraft Virginia MultifamilyTM


Sensibly Built for the Environment
RENOVATION WORKSHEET 2009
IECC 2004 Climate Zone 4
An individual Scoring Worksheet must be submitted to EarthCraft Multifamily for each renovation project to be certified. An
EarthCraft Multifamily certification requires 100-160 points, depending on the type of renovation being performed. In addition to
the completed worksheet, each project must be inspected by an EarthCraft Multifamily Inspector before, during and after the
renovation and commissioned energy modeling showing performance at least 30% more than predemolition conditions. Finally,
any and all appropriate documentation must be provided.
Points Required Type of Renovation
100 renovations that do not add conditioned space or alter floor plans
120 renovations that alter floor plans or add conditioned space

Worksheets may be submitted via mail, fax, or email.


Mail: EarthCraft House
1840 W. Broad Street, Suite 200
Richmond, VA 23220
Fax: 804-343-1043
Email: admin@earthcraftvirginia.org
Project: The Renovation of Colonial Village 18th St. Apartments
Renovator Group: Wiencek + Associates Architects + Planners
Contact Person: Theodore Cage, RA
Phone: 202-349-0742
Fax: 202-349-0740
Email: tcage@wiencek-associates.com

Project Address: 2101 - 2115 18th St. N. Arlington, VA 22201

Renovating Contractor - By accepting the EarthCraft Multifamily certification, I pledge that this project has been remodeled to
the standards listed on this Worksheet.

Renovator Signature date

Property Owner - I have reviewed the EarthCraft Multifamily measures with the renovating contractor.

Property Owner Signature date

EarthCraft Multifamily Technical Advisor

Technical Advisor Signature date

VA 4.2009 Page 1
POINTS SCORE DOCUMENTATION
1- HIGH PERFORMANCE BUILDING ENVELOPE AND SYSTEMS
REQUIRED: All projects must meet an Infiltration threshold of .60 ACH to be eligible for
1 Y
certification
2 REQUIRED: All exposed envelope penetrations or gaps must be air sealed Y
1A- AIR TIGHTNESS (must meet threshold of .60 ACH)
1 reduce air infiltration in units by 30% below threshold 10 ? blower door test
2 reduce air infiltration in units by 40% below threshold 20 - blower door test
3 reduce air infiltration in units by 50% below threshold 30 - blower door test
AIR TIGHTNESS SUBTOTAL
1B- IMPROVEMENTS TO EXISTING WINDOWS
1 replace single-paned windows with NFRC low-e double-paned windows (minimum of 75%
12 - window label
of windows must be replaced with U=0.40 and SHGC=0.45 or better )
2 replace single-paned windows with NFRC low-e double-paned windows (minimum of 75%
15 15 window label
of windows must be replaced with U=0.35 and SHGC=0.35 or better )
3 install storm windows on single-paned windows 3 -
4 install low e storm windows 5 -
5 install solar shade screens on clear glazed windows 5 -
6 apply window film to clear glazed windows 4 -
EXISTING WINDOWS SUBTOTAL 15
1C- IMPROVEMENTS TO EXISTING WALLS & NEW INTERIOR WALLS
1 blow insulation into uninsulated walls where wall framing is not exposed (minimum of 75%
15 -
of uninsulated wall area must be insulated to R-13 or better)
2 air seal and insulate all wall cavities to R-13 or better where wall framing is exposed (air
sealing must include plate penetrations, sheathing seams & penetrations, and the gap 10 10
between sheathing and plate)
3 air seal and insulated previously uninsulated band joist between floors to R-13 or
better (sometimes band joist is accessible when demolition removes floors, ceilings, or 5 -
soffits)
4
air seal and insulate previously uninsulated band joist between floors to R-19 or better
8 -
(sometimes band joist is accessible when demolition removes floors, ceilings or soffits)
5 exterior cladding (min 3 sides with 40-year warranty or masonry) 1 -
6 walls covered with builder paper/housewrap (drainage plane) & tape seams 1 -
7 siding with vented rain screen 1 -
8 back-primed siding and trim 1 -
9 install dampers on all existing fireplace flues 2 -
EXISTING WALLS SUBTOTAL 10
1D- IMPROVEMENTS TO EXISTING FLOORS & FOUNDATIONS
1 REQUIRED: seal all floor penetrations - Y
2 seal and insulate floor over unconditioned crawlspace or basement with R-19 batt
insulation (air sealing must include all plumbing, electrical, and HVAC penetrations plus 7 7.00
any chases)
3 seal and insulate floor over unconditioned crawlspace or basement with R-19 spray-
copy of insulation
applied insulation (air sealing must include all plumbing, electrical, and HVAC 15 -
certificate
penetrations plus any chases)
4
air seal crawlspace walls or basement walls and insulate to R-10 continuous/R-13 cavity or
better (air sealing must include gaps and penetrations in the band joist, crawlspace vents, 20 -
and penetrations through walls) - 100% sealed vapor barrier on ground required
5 improve existing roof gutters to discharge water 5 feet away from foundation 3 3
6 install new foundation drain system 5 -
7 install vapor barrier on floor of crawlspace: 6 MIL minimum, 100% coverage with perimeter,
4 4
seams and all penetrations sealed
EXISTING FLOORS & FOUNDATIONS SUBTOTAL 14

VA 4.2009 Page 2
POINTS SCORE DOCUMENTATION
1E- IMPROVEMENTS TO EXISTING ATTICS
1 REQUIRED: cap, seal and insulate all chases - Y
2 for attics with R-15 or less existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
30 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 10 10
certificate
chases)
3 for attics with R-15 or less existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
38 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 14 -
certificate
chases)
4 for attics with R-15 to R-30 existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
38 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 8 -
certificate
chases)
5
for attics with R-15 or less existing insulation and seal all attic vents and insulate the copy of insulation
20 -
roofline of house with spray-applied insulation, turning the attic into semi-conditioned space certificate

6
for attics with R-15 to R-30 existing insulation and seal all attic vents and insulate the copy of insulation
12 -
roofline of house with spray-applied insulation, turning the attic into semi-conditioned space certificate
7 install radiant barrier in attic 4 -
8 sheath, air seal, and insulate attic kneewalls to R-19 3 -
9 seal and insulate all attic access openings with in conditioned space 3 3
EXISTING ATTICS SUBTOTAL 13
1F- IMPROVEMENTS TO, OR REPLACEMENTS OF, EXISTING HVAC SYSTEMS
1 REQUIRED: All replacement air handlers & duct work sealed with mastic - Y
2 REQUIRED: No electric resistance heat as primary*** - Y
3 REQUIRED: All systems not being replaced must be serviced and refrigerant
- Y documentation
charged within 12 months of construction (prior to certification)
4
- Y Manual J
REQUIRED: Maximum oversizing of new cooling equipment 15% of Manual J (all)
5
- Y Manual J
REQUIRED: Maximum oversizing of new heating equipment 25% of Manual J (all)
6 REQUIRED: All returns ducted to dedicated return grill - -
7 REQUIRED: All new forced air distribution systems <10% air flow capacity Y
8 REQUIRED: 8.2 HSPF/ 11.5 EER/ 13 SEER - Y
9 replace furnace (AFUE less than 75) with a new 90+ AFUE furnace/ 8.5 HSPF 15 -
10 replace furnace (AFUE 75-85) with a new 90+ AFUE furnace/ 8.5 HSPF 10 -
11 replace air conditioner (SEER less than 8) with a new 14 SEER unit 12 -
12 replace air conditioner (SEER 8-11) with a new 14 SEER unit 10 10
13 replace air conditioner (SEER less than 8) with a new 15 SEER unit 15 -
14 replace air conditioner (SEER 8-11) with a new 15 SEER unit 12 -
15 replace air handler with variable speed blower 8 -
16 for systems with >20% leakage: reduce duct leakage by 50% 10 ? duct blaster test
17 reduce duct leakage below 10% 10 - duct blaster test
18 remove panned returns in duct systems and replace with actual ducts 5 -
19 replace existing duct system with new rigid trunk and takeoff system 5 -
20 retain existing rigid trunk & replace takeoff system 3 -
21 add R-8 to previously uninsulated ducts 3 -
22 insulate already insulated duct work to R-8 2 -
23 provide return pathways for all supply air 3 -
24 airflow for each duct run measured and balanced 3 3 submit w/ worksheet
EXISTING HVAC SYSTEMS SUBTOTAL 13
HIGH PERFORMANCE BUILDING TOTAL 65

VA 4.2009 Page 3
POINTS SCORE DOCUMENTATION
2- VENTILATION
1 REQUIRED: No unvented combustion fireplaces or space heaters are permitted as part of
Y
project.
2 REQUIRED: All ducts protected until flooring's completed. Y
3 install carbon monoxide detectors (one per unit required) 4 -
4 install radon/soil gas vent system 3 -
5 install low noise (< 2.0 sones) ENERGY STAR bath fans in additions 2 - product literature
6 install low noise (< 2.0 sones) ENERGY STAR bath fans in pre-existing unit 2 2 product literature
7 install new automatic tub/shower room fan controls (e.g. timer) 1 1
8 install new kitchen range hood or downdraft vented to exterior 3 -
9 install new ceiling fans (minimum of 2 fans/unit) 1 -
10 install new whole unit fan 2 -
11 install new controlled house ventilation (<0.35 ACH) 4 -
12 install new dehumidification system (in addition to condensing coil) 5 -
13 create new vented storage room 1 -
14 create water heater combustion closet or install power vented unit 6 -
15 remove power roof vents 1 -
16 new filter/air cleaner MERV 8 or greater 2 2 product literature
17 ducts protected until construction is completed 2 2
18 remove all existing unvented fireplaces and space heaters 3 - product literature
19 install rigid metal ductwork for all new bath exhaust fans 1 1
VENTILATION TOTAL 8
3- WATER - INDOOR
1 REQUIRED: All new fixtures must meet National Energy Policy Act standards for low flow. Y
2 install water filter (NSF certified) 1 1 product literature
3 install high efficiency clothes washer (in unit) 2 - product label
4 replace all existing showerheads with max 1.75 gal/min showerheads 6 6 product literature
5 replace all existing showerheads with max 2.25 gal/min showerheads 4 - product literature
6 replace all existing toilets with max 1.30 gal/flush or dual flush toilets 6 6 product literature
7 replace all existing toilets with max 1.45 gal/flush toilets 4 - product literature
8 install hot water demand re-circulation system 2 -
9 install water heater jacket on water heater 1 -
10 install water heater pipe insulation on first two feet of pipe 1 -
11 install solar domestic water heating 8 -
12 install tankless gas water heating system 8 -
13 install heat pump water heater (De-Superheater) 4 -
14 install high efficiency water heater (exceed min EF: gas 0.62, electric 0.93) 6 6 energy guide label
WATER - INDOOR TOTAL 19
4- FIXTURES & FINISHES
1 install ICAT rated recessed integrated ballasts and CFL bulbs 5 5
2 replace minimum 50% of incandescent interior lights located in high use areas (kitchen,
3 3
main living areas, foyer,hall, bath) with ENERGY STAR fixtures product literature
3 replace 100% of incandescent interior lights with ENERGY STAR fixtures (including ceiling
6 -
fans and ventilation fans)
4 replace 100% bulbs of incandescent interior lights with compact fluorescent bulbs 2 -
5 install automatic outdoor lighting controls (motion sensors) 2 -
6 install automatic outdoor lighting controls (integral photocells) 2 2
7 install high efficiency exterior lighting 2 2 product literature
8 install ENERGY STAR dishwasher 1 1 product label
9 install ENERGY STAR refrigerator 5 5 product label
10 reclaimed wood flooring 2 2 product literature
11 recycled content tiles (min 30% recycled) 2 2 product literature
12 cork or bamboo flooring 1 -
13 new carpet (min 50% recycled) 2 2 product literature
14 new carpet pad (min 50% recycled) 1 1
15 all new cabinets, shelves, and countertops are urea formaldehyde free 1 1 product literature
16 all new and existing surfaces of particle board sealed 1 1
17 low VOC paints used (less than 150 g/L on 100% of walls) 2 2 product literature
18 low VOC stains and finishes used on wood floors 1 1 product literature
19 new carpet low VOC certified by the Carpet & Rug Institute 2 2 product literature
FIXTURES & FINISHES TOTAL 32

VA 4.2009 Page 4
POINTS SCORE DOCUMENTATION
5- WASTE MANAGEMENT
1 REQUIRED: No construction materials shall be burned or buried on job site or anywhere but in
Y
a state-approved landfill.
5A- RECYCLE CONSTRUCTION WASTE
1 divert 75% beverage containers from work crews 1 1
2 divert 75% cardboard from new fixtures & appliances 1 1
3 divert 75% metal (copper piping, wires, or sheet metal) 2 2
4 divert 75% wood (grind and use as mulch) 3 -
5 divert 75% drywall (installers can grind, or remove and recycle) 3 3
6 divert 75% carpet (new carpet installers can recycle old carpet) 2 2
RECYCLE CONSTRUCTION WASTE SUBTOTAL 9
5B- SALVAGE FOR REUSE (On or off jobsite)
appliances (refrigerators, and/or dish washers, and/or stoves: min. 50%) 3 - if off site, letter
cabinets, millwork, or trim (min of 50%) 2 - if off site, letter
wood floors 3 3 if off site, letter
doors (minimum of 2 doors/unit) 2 2 if off site, letter
bathtubs or sinks (min of 50%) 2 - if off site, letter
reuse 100% of bathtubs or sinks 2 -
SALVAGE FOR REUSE SUBTOTAL 5
WASTE MANAGEMENT TOTAL 14
6- LANDSCAPING/SITE MANAGEMENT PRACTICES
1 soil tested and amended 4 4 test results
2 native and drought tolerant plants installed (min of 85%) 4 4 species list
3 no irrigation 2 2
4 install drip irrigation system 2 -
5 install greywater irrigation 5 -
6 new outdoor decking and porches (min 40% recycled) 2 -
7 install rainwater harvest system 3 -
8 erosion control site plan 2 2 site plan
9 regrade land to slope away from building 2 2
10 use of redundant mulch, compost, or straw bales for erosion control 3 -
11 individual trees fenced at drip line (1 point per tree, max 5 trees) 1 per tree 5
LANDSCAPING/SITE MANAGEMENT TOTAL 19
7- HOMEOWNER & CONTRACTOR EDUCATION
1 lead paint test performed 2 2 copy of results
2 asbestos test performed 2 2 copy of results
3 perform radon test and provide results to homeowner/leasee 2 2 copy of results
4 provide energy operations orientation and binder to homeowner/leasee 1 1 copy of binder
5 install built-in recycling center 2 -
6 contractor has Certified Land Disturber on site/staff 2 - certificate
HOMEOWNER & CONTRACTOR EDUCATION TOTAL 7

VA 4.2009 Page 5
POINTS SCORE DOCUMENTATION
8- BONUS POINTS
1 site located within 1/2 mile of mass transit 3 3
2 sidewalk connects project to business district (max 2 miles) 2 2
3 street trees--minimum interval 40 ft. 3 -
4 solar electric system providing 10% of project requirements 25 -
5 alternative fuel vehicles: electric charging station or natural gas pump 4 -
6 alternative transportation accommodation: bike racks, covered bus stop, etc. 4 -
7 dedicated pedestrian and bicycle access to surrounding sites 3 -
8 housing affordability -- 5% 1 -
9 housing affordability --10% 2 2
10 average density greater than 15 units per acre 3 3
11 centralized community recycling center 5 5
12 community garden areas 3 -
13 universal design incorporated in minimum 80% of units 5 -
14 handicapped visitability at least 150% of minimum unit number required by code 3 -
15 exterior lighting designed to reduce light pollution 4 4 lighting plan
16 proximity to Regional Bike Path -- Existing 1 -
17 proximity to Regional Bike Path -- Planned 1 -
18 common areas use alternative energy (solar pool heater or solar lighting) 5 -
19 exceeds ENERGY STAR or 30% goal (1 point for each 5%) -
20 Innovation points - Builder submits specifications for innovative products or design features
-
to qualify for additional points
BONUS POINTS TOTAL 19
EARTHCRAFT HOUSE TOTALS
HIGH PERFORMANCE BUILDING 65
VENTILATION 8
INDOOR WATER 19
FIXTURES & FINISHES 32
WASTE MANAGEMENT 14
LANDSCAPING/SITE MANAGEMENT 19
HOMEOWNER & CONTRACTOR EDUCATION 7
BONUS POINTS 19
GRAND TOTAL 183
Points Required
100 renovations that do not add conditioned space or alter floor plans
120 renovations that alter floot plans of add conditioned space

VA 4.2009 Page 6
ARCHITECT’S LEED CERTIFICATION
TAB G
(Relocation Assistance Plan) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Relocation Assistance Plan
COLONIAL VILLAGE II APARTMENTS 
RELOCATION PLAN 

Effective May 1, 2009, the following guidelines explain the provision of assistance to
existing tenants of Colonial Village II Apartments (Colonial Village), located at 2101 – 2115 N.
18th Street, Arlington, Virginia, who will be forced to relocate because of changes in the use or
condition of their rental units following the sale of the property by Troy Street, LLC to Wesley
Colonial Village II Limited Partnership (the Owner).

I. Applicability

This Relocation Plan (the Plan) meets requirements by the Virginia Housing
Development Authority (VHDA) for qualification in the Low Income Housing Tax Credit
(LIHTC) Program. These guidelines will be incorporated by reference in and enforced by the
Contract to Enforce Representations Regarding Low-Income Housing Tax Credit Development
should the project qualify for a reservation of credits.

The Plan applies to residents of Colonial Village who will be required to move as a
result of the rehabilitation completed through the LIHTC program as well as any residents who
may be required to move as a result of income or rent qualification issues related to the LIHTC
program.

II. Summary

In the situations specified above, the Owner will undertake the following:

1) Relocation payments
2) Relocation assistance
3) 120-day vacate notice
4) Full communication of plans

III. Relocation Payments

The Owner will provide relocation payments to all households receiving notice to
vacate Colonial Village as a result of either the purchase, the renovation, or non-qualification in
the LIHTC program. (See item V. for Temporary Relocation.) The payments are intended to
assist with moving expenses and the additional costs of relocation. Relocation payments for
unfurnished dwelling units will be in accordance with the current moving expense schedule for
Virginia under the Uniform Relocation Act. The payments currently specified by the Act are as
follows:

1 | P a g e  
 
Occupant Owns Furniture
Occupant does not
Number of Rooms of Furniture own furniture
Add'l
1 2 3 4 5 6 7 8 1 room/ room no
room rooms rooms rooms rooms rooms rooms rooms no furn. furn.
Add'l
$550 $750 $950 $1150 $1350 $1550 $1750 $1950 room $350 $75

For a Colonial Village leaseholder whose gross income is less than 50% of the
Applicable Area Median Gross Income (AMGI) adjusted for household size, the Owner will
provide a relocation payment of twice the amount listed above.

The Owner will make half of the relocation payment when a tenant gives a definite move
out date, the remainder will be paid when the tenant permanently vacates.

IV. Relocation Assistance

The Owner will provide additional relocation assistance such as:

• Expediting return of security deposits minus any damages, late fees, or unpaid
rent

• Contacting comparably priced rental complexes to request priority for persons


being displaced

• Providing transportation for residents who are elderly or disabled needing to


look at other housing

• Giving attention to the special problems of timing moves for families with
school age children

• Assist residents to make arrangements for the move, moving companies,


utility transfers, and school transfers

Relocation assistance and services will be made available to tenants not only
during regular business hours but during some evenings and some weekends to accommodate
residents who would otherwise have to miss work. The Owner will provide residents written
materials and/or translation services in their native languages, whenever possible if necessary.

V. Temporary Relocation Assistance

With the receipt of funding through the LIHTC program, the Owner will proceed with
rehabilitation of Colonial Village. Financial and technical assistance will be offered to all
residents. If any rehabilitation activities require temporary relocation of existing residents, the
Owner will provide appropriate temporary accommodations. If a resident qualifying for a
renovated unit must move their possessions temporarily from their unit during renovation work,

2 | P a g e  
 
the Owner will provide assistance for two moves. Assistance may be either a payment to
reimburse the actual cost of the move and utility transfers or moving services provided by the
Owner and a payment to cover the cost of utility transfers. Residents are expected to provide
documentation of their expenses. Payment for only one move is required if the tenant elects in
writing to move to a renovated unit and not return to his or her original unit.

For the proposed rehabilitation of Colonial Village, the Owner anticipates that a small
number of existing residents will have to move temporarily to another local property controlled
by the Developer. Every effort will be made to minimize resident inconvenience.

VI. 120-Day Notice to Vacate

The Owner will provide a 120-day vacate notice for all units required by rehabilitation to
be vacated, in accordance with Federal, State and Local law.

VII. Full Communication of Renovation and Relocation Plan

The Owner will inform Colonial Village residents of the renovation and relocation plans
as soon as possible, and to arrange for interpreters whenever possible to help non-English
speaking persons understand what the Owner intends to do with the property. The owner will
make every effort to maintain open communication with residents about plans for the project on
an ongoing basis to minimize misunderstandings.

The Owner will submit this Relocation Plan to VHDA and to all residents. The Plan
attempts to be as complete as possible, and will be updated as changes are made.

VIII. Owner/Management Contact Information

Owner: Wesley Colonial Village II Limited Partnership


c/o Wesley Housing Development Corporation
5515 Cherokee Avenue, Suite 200
Alexandria, Virginia 22312
Contact: Shelley Murphy
Management: Wesley Housing Development Corporation
5515 Cherokee Avenue, Suite 200
Alexandria, Virginia 22312
Contact: Carol Rocabado
Site Office: Colonial Village Apartments
1702 N. Troy Street
Arlington, Virginia 22201
Contact: Vinny Pham
Relocation: Wesley Housing Development Corporation
5515 Cherokee Avenue, Suite 200
Alexandria, Virginia 22312
Contact: Michelle Brosnahan

3 | P a g e  
 
IX. Scope of Work

Currently, the scope of work may include, but is not limited to, the following:
1. Window Replacement
2. Door Replacement
3. Wall Replacement/Repair
4. Replace Kitchen Cabinets and Appliances
5. Replace HVAC split systems
6. Bathroom Replacement
7. Roof Replacement
8. Plumbing Replacement
9. Electrical Replacement

X. Anticipated Changes to Rental Policies

Under funding through the LIHTC program, the Owner will require all residents to
qualify for LIHTC program restrictions. The Owner intends to fully communicate any changes
to the rental policies residents as they occur.

XI. Documentation of Compliance

The Owner will maintain files which can, if required by VHDA, document compliance
with this Relocation Plan. These files will include, but not limited to copies of relocation plans,
notices, canceled checks, and other items providing evidence of compliance with the VHDA
requirements.

4 | P a g e  
 
TAB H
(PHA/Section 8 Notification Letter)
PHA or Section 8 Notification Letter

April 21, 2009

TO: Arlington County Department of Human Services


Section 8 Office
3033 Wilson Blvd, Suite 400A
Arlington, VA 22201
Attention: Ms. Lonelle Brady

RE: PROPOSED AFFORDABLE HOUSING DEVELOPMENT

Name of Development: Colonial Village II Apartments


Name of Owner: Wesley Colonial Village II Limited Partnership

I would like to take this opportunity to notify you of a proposed affordable housing
development to be completed in your jurisdiction. We are in the process of applying for
federal low-income housing tax credits from the Virginia Housing Development Authority
(VHDA). We expect to make a representation in that application that we will give
leasing preference to households on the local PHA or Section 8 waiting list. Units are
expected to be completed and available for occupancy
beginning March 2011 .

The following is a brief description of the proposed development:

Development Address:
2101, 2103, 2105, 2107, 2109, 2113, and 2115 North 18th Street
Arlington, VA 22201

Proposed Improvements:

New Construction: # Units # Buildings Total Gross Floor Area


Adaptive Reuse: # Units # Buildings Total Gross Floor Area
Rehabilitation: 48 # Units 7 # Buildings 37,735 Total Gross Floor Area

Proposed Rents:
Efficiencies: $ / month
1 Bedroom Units: $ 1,080 / month
2 Bedroom Units: $ 1,288 / month
3 Bedroom Units: $ / month
4 Bedroom Units: $ / month
TAB I
(Local CEO Letter)
VHDA Locality Notification Information Form
From: TaxCreditApps
To: Kamilah McAfee;
Subject: Email received
Date: Wednesday, March 25, 2009 4:46:04 PM

Your email has been received by VHDA.

The information contained in this e-mail is confidential and/or


proprietary to the Virginia Housing Development Authority. The
information transmitted herewith is intended only for use by
the individual or entity to which it is addressed. If the reader
of this message is not the intended recipient, you are hereby
notified that any review, retention, retransmission, dissemination,
distribution, disclosure, copying or other use of, or taking of
any action in reliance upon this information is strictly prohibited.
If you have received this communication in error, please contact the
sender and immediately delete this e-mail with any of its attachments
from your computer and destroy any printouts that you may have made.
From: Kamilah McAfee
To: "TaxCreditApps@vhda.com";
Subject: Locality Notification Information Form - Colonial Village II
Date: Wednesday, March 25, 2009 4:45:00 PM
Attachments: Colonial Village Apartments Locality Notification Information Form.xls
image002.png

Please see attached. Thank you.

Kamilah McAfee
Director of Real Estate Development
Wesley Housing Development Corporation
5515 Cherokee Ave., Suite 200
Alexandria, VA 22312
Phone: 703.642.3830 ext. 220
Cell: 571.220.6526
Fax: 703.941.1724
E-mail: kmcafee@whdc.org
Website: www.wesleyhousing.org

Please consider the environment before printing this e-mail.


Colonial Village II Apartments / Arlington

Locality Notification Information Form

PART I - INSTRUCTIONS:

Section 42 (m)(1)(A)(ii) of the Internal Revenue Code requires allocating agencies to notify "the Chief
Executive Officer (CEO) or equivalent of the local jurisdiction within which the building is located and
provide such individual a reasonable opportunity to comment on the development." VHDA uses information
you provide in this form to comply with this requirement. If your development overlaps two or more
jurisdictions, you are required to submit this form for each.

New in 2009!

In addition to contacting the Locality CEO, VHDA will also be contacting the Mayor or Chairman of the
Board of Supervisors. It is probable that each position will have a separate mailing address.

Although VHDA prepares the documents sent to each locality, we rely on you, the developer/Applicant, to
provide us with key information, including the name of the locality having jurisdiction over the development,
names, addresses and salutations, as well as a summary of basic development information.

If you already have a local support letter, you can include it with the application at TAB I. However, you must
still complete this form and submit it to VHDA or the application for this development will be penalized 50
points!

For information about additional points associated with receiving a Support Letter from the local jurisdiction,
please refer to the Application Manual.

Developers seeking tax-exempt bond 4% credits or Non-Competitive 9% credits, should submit this form at
least 30 days prior to submission of the tax credit application.

50-Point Penalty:

Failure to complete and submit this form prior to 5:00 p.m. EST time on March 25, 2009 will result in a 50-point
penalty (-50 points) for any application submitted in connection with the 2009 competitive tax credits.

Delivery of Electronic Copy of this form to VHDA:


via e-mail to TaxCreditApps@VHDA.com. E-mail only one form at a time!

If you use this e-mail option, you will receive an auto reply message confirming "message received." The
system DOES NOT confirm that an attachment has been received.
via regular mail (on CD) to:

VHDA
Tax Credit Allocation Department
c/o Debbie Griner
601 S. Belvidere Street
Richmond, VA 23220-6500

VHDA Contact Information:


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

Locality Notification Information Form


Colonial Village II Apartments / Arlington

PART II - CEO & JURISDICTION INFORMATION


Please read INSTRUCTIONS above carefully before completing the following sections.

A. Chief Executive Officer (CEO) Information

Name of CEO:
Ron Carlee
First Name Middle Initial Last Name
This is the full name of the City Manager, Town Manager, County Administrator, Chief
Administrative Officer, Executive Officer, etc.

Job Title: County Manager


e.g. "City Manager", "Town Manager", "County Administrator", "Executive Officer", "Chief
Administrative Officer", etc.
Local Jurisdiction: Arlington County
e.g. "City of…", "Town of…" or "[ ] County"
Mailing Address/P.O. Box: 2100 Clarendon Blvd.
This is the mailing address of the CEO and may not always be the same as the physical address
of the courthouse, town hall, municipal building, city hall, etc. Please double check the address
before entering.
Suite/Room # (if applicable): 302
City: Arlington
State: VA
Zip: 22201

This zip code must correspond to the P.O. Box or street address that you are using. Note: Zip
codes for P.O. boxes are usually different from the zip codes for the street addresses.
Salutation: Mr.
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.

B. Mayor or Chairman of the Board of Supervisors Information

Name:
Barbara A Favola
First Name Middle Initial Last Name

Job Title: Chairman


"Mayor" or "Chairman of the Board of Supervisors"
Local Jurisdiction: Arlington County
Mailing Address/P.O. Box: 2100 Clarendon Blvd.
This is the mailing address for the Mayor or Chairman of the Board of Supervisors. May be
different from CEO address. Please double check the address before entering.

Suite/Room # (if applicable): 300


City: Arlington
State: VA
Zip: 22201
Be sure the zip code you pick up corresponds to the P.O. Box or street address that you are
using. Note: Zip codes for P.O. boxes are usually different from the zip codes for the street
addresses.
Salutation: Ms.
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.

Locality Notification Information Form


Colonial Village II Apartments / Arlington

C. Jurisdiction Detail

Circuit Court Clerk's office in which the deed to the property is or will be recorded: Arlington County
City/County of
Does the site overlap one or more jurisdictional boundaries? Yes No If yes, add the names of
the other jurisdiction(s) here:
City/County of City/County of
Development is located in a Metropolitan Statistical Area (MSA)? Yes No
Development's Census Tract: 1016.00
Census Tract Number
Is this a Qualified Census Tract? Yes No
Is the development located in a Difficult Development Area? Yes No
Is the development located in a revitalization area? Yes No

Congressional District 8 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf


Planning District 8 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 31 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 48 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

Local Planning/Zoning Contact Info:

Best Person to Contact: Ken Aughenbaugh


This is the person with whom you've previously spoken about the development and whom can
answer anticipated questions from the CEO.

Job Title: Housing Director


e.g., "Director of Planning", "Planning Administrator", "Zoning Administrator", etc.
Contact Phone: 703-228-3821

PART III - DEVELOPMENT INFORMATION


Proposed Development Name: Colonial Village II Apartments
This is the marketing name of your development
Proposed Development Address: 2101-2115 N. 18th Street Arlington VA 22201
Street Address City State Zip
VHDA Tax Credit Pool: Nonprofit

In the space below, give a brief description of the proposed development.


Colonial Village is a garden style multifamily complex which is listed on the National Historic Register. The property is affordable
housing adjacent to a metro which needs substantial rehab and preservation of its affordability and historic character.

Development Type: (Family or Elderly) Multi-Family


Describe Architectural Style: Garden Style Apartments
Describe Exterior Finish: Brick
Describe Community Facilities: One central laundry facility and one central trash facility

1. Units:
Number of low-income units 48 # bedrooms 56
% Low-Income Units 100%
Number of new units # bedrooms
Number of adaptive reuse units # bedrooms
Number of rehabilitation units 48 # bedrooms 56
Total number of all units 48 Total # bedrooms 56

2. Floor Area:
Gross Residential Floor Area 33880
Commercial Floor Area 0
Low-Income Floor Area 33880
% Low-Income Unit Floor Area 100%

3. Number/Age of Buildings
Number of Buildings 7
Age of Building(s) 72 Number of stories: 2-3

4. Structural Features (check all that apply):


Row House/Townhouse Garden Apartments Slab on Grade
Detached Single-family Detached Two-family Basement
Elevator Crawl Space

5. Building Systems:
Describe Heating/AC System: Heat Pump

Locality Notification Information Form


Colonial Village II Apartments / Arlington

PART IV - OWNER & SELLER INFORMATION

A. Owner Information
Owner Name: TBD Phone: 703-642-3830 ext. 220
Best Person to Contact: Kamilah McAfee
Street Address: 5515 Cherokee Ave., Suite 200
City, State & Zip: Alexandria VA 22312
City State Zip

Type of entity: Limited Partnership Other:


Individual(s) Corporation

List of Principals. Use the following as a guide to listing principals.

1. If Partnership (owner or otherwise) - all GPs, regardless of % interest in GP


2. If an LLC - all members regardless of % interest
3. If a Corporation (public or private), Organization or Governmental Entity - officers who are directly responsible to the Board of
Directors (or equivalent) and any stockholder having a 25% or more interest
4. If a Trust - all persons having a 25% or more beneficial ownership interest in the assets of the trust

5. If an Individual (owner or otherwise) - anyone having a 25% or more ownership interest of the named individual
6. If Any Person that Directly or Indirectly Controls or Has the Power to Control a Principal
Names Phone Type of Ownership % Ownership
Wesley Housing Development Corp. 703-642-3830 Limited Partner 99.99%
TBD General Partner 0.01%

B. Seller Information:
Seller Name: Troy Street, L.L.C.
Seller Phone: 703-642-3830 ext. 220
Street Address: 5515 Cherokee Ave., Suite 200
City, State & Zip: Alexandria VA 22312
City State Zip

Is there an identity of interest between the seller and owner/applicant? Yes No If yes, complete
the following:

Nature of Identity of Interest (1): Managing Member


e.g. general partner, managing member, controlling shareholder, etc.

Name Wesley Housing Development Corp.


Street Address 5515 Cherokee Ave., Suite 200
City, State & Zip: Alexandria VA 22312
City State Zip

Nature of Identity of Interest (2):


e.g. general partner, managing member, controlling shareholder, etc.

Name
Street Address
City, State & Zip:
City State Zip

Locality Notification Information Form


TAB K
(Site Control Documentation)
TAB M
(Zoning Certification Letter)
TAB N
(Copies of 8609’s To Certify Developer Experience)
Colonial Village II Apartments 
 
Copies of 8609s to Certify Developer Experience 
 
Wesley Housing Development Corporation  
of Northern Virginia and affiliates 
 
 
Project               No. of Units 
 
Westbrook Gardens              96 
  912 Ellison Street, Falls Church 
 
Wexford Manor Apartments            74 
  2804‐2808 Hollywood Road, Falls Church 
 
Quarry Station Seniors Apartments          79 
  8750 Quarry Road, Manassas 
 
Whitefield Commons Apartments          63 
  20‐22 N. Thomas Street, Arlington 
  100‐104 N. Thomas Street, Arlington 
  106‐110 N. Thomas Street, Arlington 
  200‐204 N. Thomas Street, Arlington 
 
Wesley Housing at Coppermine Place        66 
  13395 Coppermine Road, Herndon 
 
ParcView Apartments             120 
  5380 Holmes Run Parkway, Alexandria 
 
 
Total:                  498 
 
    Total Required *    48 
 
 
 
 
 
 
*At least six tax credit developments that contain at least the number of housing units in the 
proposed development. 
TAB O
(Photographs) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Building elevation view along 18th St. looking West Building elevation view along 18th St. looking East

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Extant non-original door


trim will be replaced.

Entrance into Building 2101 Basement.


Entrance will be altered to allow ADA access into
Entrance to Building 2107. lower level laundry and community spaces.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Existing slate roof tiles will be maintained Existing trim will be restored and coping
and repaired. Non-original aluminum will be replaced to maintain historic nature
coping will be replaced with new copper of the project.
coping.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Existing electrical service will be New condenser units will be placed on


upgraded with new 125 amp panels and grade behind the building to improve
aluminum feeders. maintenance access.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Typical stair hall. Typical stair with slate treads and risers.

Existing tile floors and slate stair treads


and risers will be restored.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Typical unit interior Typical unit interior


(Building 2109, Unit 1058) (Building 2109, Unit 1058)

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Windows will be replaced throughout Existing trim window trim will be replaced
with insulated Low-E glazed vinyl with new trim to match existing.
window units consistent with the
historic context.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Existing door trim will be cleaned, repaired


and maintained where in good or fair
Existing solid wood 6 panel doors will condition.
be repaired and maintained where in
good or fair condition.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Typical Unit interior Door Hardware: Typical Unit Entry Door Hardware:
Door hardware will be cleaned and maintained Door hardware will be replaced
where in good or fair condition.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Existing kitchen cabinets will be


replaced and kitchen layouts will be
improved.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Arched entryways will be maintained.

Recently installed “pancake” mechanical


system and drop ceiling will be removed and
historic conditions will be restored.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Recently replaced ductwork (2003)will be


maintained, cleaned, and connected to new
HVAC system. Bathroom tile tub surrounds and window trim
will be replaced.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Plaster in poor condition will be All locations of mold will be abated and
removed complete, water damage will walls will be repaired with gypsum wall
be repaired and walls will be repaired board and ceramic tile over cementitious tile
with gypsum wall board. backer board.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


The Renovation of
Colonial Village 18th St. Apartments
2101 – 2115 18th St. N.
Arlington, VA 22201

Applicable appliances will be replaced


with new EnergyStar appliances.
All bathroom fixtures will be replaced.

WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC WESLEY HOUSING DEVELOPMENT CORPORATION


TAB Q
(Documentation of Rental Assistance)
TAB R
(Documentation of Operating Budget)
Colonial Village Apartments (48 Units Prorated from 162 Unit Audit)
Statement of Financial Position

9/1/2008
ANNUALIZED APPROVED
Budget FY 2009 AUDITED AS OF BUDGET
2,002 2003 2004 2005 2006 2007 8/31/2008 2009
RENTAL INCOME
Gross Potential - Residents (Based on
3/31 Tenant Master Report) 457,065 476,529 482,351 507,119 538,896 572,753 588,772 618,211
Gross Potential - Subsidy (Based on 3/31
Tenant Master Report) 5,290 8,824 8,753 8,748 7,515 0 25,775 27,064
Gross Potential Income (GPI) 462,355 485,353 491,104 515,867 546,411 572,753 614,548 645,275

VACANCIES
Apartment Vacancies - 4% of GPI (10,087) (11,385) (29,857) (12,934) (20,703) (28,037) (21,308) (22,585)
Hardship Concession (4,263) (4,967) (4,145) (4,814) (3,447) 0 (3,180) (3,200)
(14,350) (16,352) (34,002) (17,748) (24,149) (28,037) (24,487) (25,785)

FINANCIAL REVENUE
Interest - Money Market - Opr 10
10 0 0 0 0 0 0 0

OTHER REVENUE
Laundry Income 3,744 9,522 5,077 5,519 5,404 0 5,873 5,778
Charges - Tenant 41 44 46 317 1,154 0 1,897 1,778
Other Misc Income 59 372 2,947 2,042 578 8,932 356 296
3,845 9,939 8,070 7,878 7,137 8,932 8,126 7,852

TOTAL INCOME 451,860 478,940 465,172 505,997 529,398 553,647 598,186 627,342
TOTAL PER UNIT 9,414 9,978 9,691 10,542 11,029 11,534 12,462 13,070

ADMINISTRATIVE EXPENSES
Salaries 48,564
Site Manager 7,441 6,577 6,998 8,649 9,849 0 16,151 10,938
Asst. Site Manager 4,065 5,157 5,274 7,548 8,055 0 0 10,045
Management Fee 26,932 27,736 23,634 20,152 21,178 22,367 20,771 37,765
Leased Office Equipment - Note 1 1,438 1,550 1,695 1,450 1,591 0 1,040 0
Equipment 0 0 0 0 0 0 904 0
Legal 183 927 565 134 467 2,490 0 148
Audit 1,630 1,630 1,630 1,630 1,778 0 2,074 2,370
Computer Expenses - Note 2 3,424 2,658 1,942 2,228 3,268 0 2,642 2,637
Admin. office exp. 132 271 366 220 2,713 7,828 766 770
Training & travel 257 772 631 1,185 994 0 1,604 800
Telephone 2,699 3,193 3,306 3,451 2,786 3,124 3,160 3,170
48,202 50,470 46,041 46,647 52,681 84,374 49,112 68,644
TOTAL PER UNIT 1,004 1,051 959 972 1,098 1,758 1,023 1,430

UTILITIES
Gas 24,090 34,651 14,404 14,684 19,377 0 21,380 22,449
Utilities 0 0 0 0 0 41,749 0 0
Electric House Meter 3,305
3 305 2,743
2 743 2,668
2 668 2,927
2 927 2,918
2 918 0 3,388
3 388 3,558
3 558
Water & Sewer 11,175 12,634 13,157 16,317 20,751 0 18,525 19,452
38,570 50,027 30,228 33,928 43,047 41,749 43,294 45,458
TOTAL PER UNIT 804 1,042 630 707 897 870 902 947

CONTRACTS
Exterminating Contract 569 697 583 356 362 0 1,464 1,538
Janitorial Contracts 12,423 13,776 13,776 13,948 14,041 15,811 16,569 17,398
Landscaping Contracts 8,085 7,680 7,833 8,941 6,836 12,526 11,832 12,423
Trash Removal Contracts 5,633 5,693 5,730 6,327 7,039 8,487 7,902 8,297
Snow Removal Contracts 83 378 255 766 212 0 143 237
26,793 28,224 28,177 30,337 28,491 36,824 37,911 39,893
TOTAL PER UNIT 558 588 587 632 594 767 790 831

REPAIR & MAINTENANCE EXPENSES


Maintenance Payroll 14,818 17,790 19,921 23,119 23,122 0 33,986 33,894
Maintenance Payroll - Overtime 1,489 1,959 2,572 1,805 2,004 0 0 889
Maint. Materials 241 258 396 684 11,331 0 7,735 8,000
Maint. Repairs 0 0 0 0 20,074 28,531 17,185 14,815
Hvac Repairs 45 0 567 23 1,255 0 0 593
Appliances 4,884 1,697 2,300 2,424 3,570 0 0 296
Painting/Deco Materials 325 556 581 648 1,187 0 2,729 2,963
Painting/Deco Services 9,230 12,566 28,039 29,885 13,926 13,706 0 0
Fire Inspection 135 83 64 137 218 0 133 148
Travel Allowance 1,195 1,264 1,441 1,258 1,247 0 0 800
32,361 36,173 55,882 59,983 77,934 42,238 61,769 62,398
TOTAL PER UNIT 674 754 1,164 1,250 1,624 880 1,287 1,300

TAXES & INSURANCE


Real Estate Taxes 27,535 28,183 32,216 31,843 32,126 37,441 36,525 38,351
Personal Property Tax 695 569 481 402 167 0 0 89
Property & D&O Liability Ins - 10,909 12,185 12,127 11,042 11,044 12,469 10,738 10,202
39,139 40,936 44,824 43,287 43,338 49,910 47,263 48,642
TOTAL PER UNIT 815 853 934 902 903 1,040 985 1,013

EMPLOYEE BENEFITS
Medical Insurance 3,490 4,186 6,441 7,636 4,916 4,988 9,544 9,783
Payroll Taxes 2,396 2,410 2,615 2,898 3,089 4,144 3,454 3,540
Workers Compensation 855 835 831 1,462 1,615 1,432 1,539 1,541
6,741 7,430 9,888 11,996 9,621 10,564 14,537 14,863
TOTAL PER UNIT 140 155 206 250 200 220 303 310

MISC. TAXES, LICENSES & PERMITS


Business License 1,274 1,273 1,240 1,297 1,435 1,541 1,659 1,659
1,274 1,273 1,240 1,297 1,435 1,541 1,659 1,659
TOTAL PER UNIT 27 27 26 27 30 32 35 35

Total Expenses (before DS) 193,080 214,534 216,281 227,474 256,546 267,200 255,544 281,558
TOTAL PER UNIT 4,022 4,469 4,506 4,739 5,345 5,567 5,324 5,866

NOI (before DS) 258,780 264,406 248,892 278,522 272,852 286,447 342,643 345,784
TOTAL PER UNIT 5,391 5,508 5,185 5,803 5,684 5,968 7,138 7,204
TAB S
(Documentation of Project Budget)
EXECUTED TRADE PAYMENT BREAKDOWN
COLONIAL VILLAGE APARTMENTS
Scope Element Comments Base Price Options Quantity Unit

DIVISION I - GENERAL CONDITIONS


A. GENERAL REQUIREMENTS
1. 6% for General Contractor 8 months construction schedule $ 195,617 0.06

B. BONDS
1. Allow 1.75% for payment and performance bonds for General Monarc bond rate 1.5% $ 55,751 0.0175
Contractor and Sub-contractors.

C. BUILDING PERMIT
1. Building permit allowance by owner 0.009

D. OCCUPIED PHASING COSTS


1. Phasing not required Provide Hospitality area for residents to 1
leave unit if necessary during some
specific daily work.

E. PEST CONTROL
1. Practice "Integrated Pest Management" - fill all exterior penetrations Required for Green Communities by owner 48 Units
with copper mesh, seal penetrations between units.

E. GREEN COORDINATION AND INSPECTION


1. Coordination, inspection and testing for Earthcraft review. Earthcraft - lump sum allowance by owner 1 LS

Subtotal Division I $ 251,368

DIVISION II - SITE WORK

A. SITE UTILITIES
1. Television inspect and hydro jet route all on-site sanitary lines $ 5,250 1 Bldgs

2. Television inspect and hydro jet route all on-site storm lines $ 4,800 1 Bldgs

3. Miscellaneous repair allowance for on-site storm and sanitary $ 10,000 1 Bldgs

5. Option to upgrade water connection to buildings for new sprinkler $ 25,000 1 Bldgs
system

B. GRADING AND EARTHWORK


1. Minor fill and grade as required at perimeter of buildings for proper $ 10,000 1 Bldgs
drainage. Includes minor erosion control as required.

2. Regrade for ADA access to 3 buildings at 18th St. $ 4,000 3 Entries


3. Regrade for ADA parking spots at 18th St. Cross slope of existing parking at front of $ 40,000 1 LS
18th St. Bldg is greater than 2%. Need to
be modified to accommodate handicap
parking

C. SIDEWALKS, CURBS, AND GUTTERS

1. Removal and replacement of existing deteriorated concrete sidewalks $ 4,500 996 SF


and site stairs.

2. Provide new curb cuts for better site accessibility $ 2,000 1 EA

3. Miscellaneous repairs to damaged and deteriorated concrete curbs $ 2,000 1 Bldgs


and gutters

4. Provide new sidewalk/ramp for disabled accessible access Currently there are no disabled accessible $ 10,000 2 Ramps
apartment unit on site and 9 units would
need to reconfigured to meet the 5%
requirement

5. Provide ramp for disabled accessible access to existing Currently there are no disabled accessible $ 5,000 1 Ramps
Management/leasing office route to existing Leasing office. New ramp
or exterior lift is require to provide
disabled access to leasing

D. BITUMINOUS PAVING/PARKING AREAS

1. Repair, seal, and restripe existing parking lots. Assumed 100 parking spaces. Need to $ 4,900 56 Spaces
verify with owner.

E. LAWNS AND PLANTING


1. Prepare, seed, and fertilize portions of the site disturbed by $ 5,000 1 Bldgs
construction

2. Prune and mulch existing planting where to be saved. $ 3,500 1 Bldgs

3. Supplement existing plantings $ 6,500 1 Bldgs

4. Provide tree protection for all existing trees. Do not disturb existing $ 1,200 1 LS
trees.

F. FENCING
1. Replace existing chain link fence around the rear perimeter of 18th St. No fence along front of property. Site not $ 6,300 1 LS
property secure.
2. Repair allowance for existing fence and gates at Troy St. site. Fence in 3 locations between buildings. $ 1,500 1 LS
Remove rust, replace damaged sections of fence and paint.

G. DUMPSTER PADS AND ENCLOSURES


1. Option for new dumpster pad and enclosure No existing dumpster Allowable by Historic? $ 2,100 1 Ea
enclosure exists. Due to historic.

H. SITE AMENITIES
1. Option to provide tot lot Allowable by Historic? $ 20,000 1 Ea

I. SITE SIGNAGE
1. Improve site signage/project identity structures at both vehicular $ 2,500 2 Ea
entrances

2. Option for improved site signage for identity of Management office Management Office is buried in interior $ 800 1 LS
backside of the site and is not easy to find

J. ELECTRIC UPGRADE
1. Dominion fee to provide electrical power upgrade $ 10,000 1 Bldgs

Subtotal Division II $ 138,950 $ 47,900

DIVISION III - CONCRETE


A. CONCRETE REPAIRS
1. Provide miscellaneous concrete slab repair at ground level apartment $ 5,000 1 Bldgs
units

2. Option to provide new concrete slab floor at new apartment units to be $ 12,300 2 Units
excavated or reclaimed from utility space.

3. Miscellaneous slab and concrete structure repair due to settlement $ 5,000 1 LS


and water damage.

Subtotal Division III $ 22,300

DIVISION IV - MASONRY
A. MASONRY REPAIRS & CONSTRUCTION
1. Masonry repair allowance $ 5,000 1 Bldgs

2. Provide masonry cleaning $ 9,400 1 Bldgs

3. Provide masonry openings for new scupper and overflow drains $ 5,000 1 Bldgs
Subtotal Division IV $ 19,400

DIVISION V - METALS
A. STAIR AND GUARD RAILS
1. Repair, augment ,sand and repaint existing stair rails & landing guard $ 3,500 7 Entry
rail.

2. Repair, augment, sand and repaint existing building entrance $ 1,400 7 Entry
handrails

3. Provide new wall rails at existing stair well $ 11,000 7 Entry

4. Clean & minor repair of existing slate treads, riser, and wall base $ 4,400 7 Entry

Subtotal Division V $ 20,300

DIVISION VI - CARPENTRY
A. BASE AND TRIM
1. Minor repairs to existing wood base, door and window trim and crown $ 12,000 48 Units
moulding not being removed for related construction.

2. Replace or provide crown moulding where installing new bulkheads. $ 3,500 19 Units

3. Provide new window trim. $ 17,600 48 Units

4. Repair chair rail in stair and hallway. $ 1,750 7 Entry

5. Provide new wall base for laminated walls. $ 10,368 24 Units

B. DEMOLITION
1. Miscellaneous demolition related to the work Includes bathroom wall, kitchens where $ 61,520 48 Units
necessary, and other miscellaneous
interior demolition.

2. Excavation and demolition for new units Base excavation and demolition costs. $ 18,000 4 Units
Refer to allowance below for possible
shoring expense. Excavation only
required for 4 units.

3. Shoring depending on results of foundation investigation. $ 18,000 4 Units

C. ACCESSIBLE/ NEW UNIT

1. Barrier Free Unit (Handicap) upgrade allowance $ 7,500 3 Units


2. Visual and Hearing Impaired Unit (VHI) upgrade allowance $ 5,000 1 ea

3. New unit upgrade allowance. $ 10,000 2 ea

D. COMMON USE AREAS

1. Laundry Room improvement allowance 1 Locations (SF are approximate) $ 3,800 444 SF
includes minor cleaning, repaint and new
PVC free ???

2. Maintenance Office/Storage improvement allowance 1 Locations (SF are approximate) $ 2,000 180 SF
includes cleaning repaint.

3. Option to add Community space improvement allowance including Next Phase excluded - SF
renovating existing community/play area
excluded
4. Renovate and improve existing leasing office. Next Phase - SF

E. FRAMING REPAIRS
1. Miscellaneous framing repairs $ 43,200 48 Units

2. Remove existing plaster at interior surface of exterior walls. Provide included in 48 Units
new demo &
drywall

F. FAÇADE IMPROVEMENTS
1. Remove and replace existing decorative entry feature with similar $ 17,500 7 Entry
entry feature

G. CABINETS AND COUNTERTOPS


1 Provide new wood kitchen cabinets in remaining units including new Provide water saving trim - 1.5 gpm $ 106,300 48 Units
plastic laminate countertops with new stainless steel sinks. Provide
water saving trim

2. Option to maintain 2 units or incorporate percentage of existing $ 101,900 46 Units


cabinetry as a demonstration of historic.

Subtotal Division VI $ 338,038

DIVISION VII - THERMAL AND MOISTURE PROTECTION


A. ROOFING
1. Miscellaneous repairs to existing slate roof shingles and sheathing $ 17,000 5,185 SF

2. Remove existing roof and replace with single-ply TPO roof $ 142,700 12,148 SF
membrane.
3. Option to provide repair allowance for existing membrane roof. $ 24,300 12,148 SF

B. TRIMS
1. Provide new fypon trim at percentage of buildings $ 3,800 4 Bldgs

2. Provide new fypon trim at all building entrances. $ 7,600 4 Bldgs

C. INSULATION
1. Remove existing attic insulation. Provide new R-38 batt roof $ 32,400 36,000 SF
insulation.

2. Provide new 3-1/2" faced batt insulation at exterior walls. $ 31,400 37,037 SF

D. VENTILATION
1. Provide improved attic ventilation - Seal existing brick vents and $ 3,500 1 Bldgs
provide attic vents through roof.

E. GUTTERS AND DOWNSPOUTS


1. Replace all downspouts and gutters. Reconnect downspouts to $ 15,300 850 LF
existing under ground pipes.

2. Provide new scupper, downspout and overflow opening at existing flat $ 12,800 4 Bldgs
roofs.

3. Provide new copper coping throughout. If we are providing re-roofing, recommend $ 33,440 4,180 LF
provide new coping.

4. Option to provide percentage of copper coping to replace existing $ 10,032 1,254 LF


aluminum coping. Assumes maintaining all existing copper coping.

F. DEWATERING / WATERPROOFING
1. Provide water proofing allowance for potential moisture problem at $ 4,800 1 LS
building's below grade areas.

2. Provide waterproofing at areas below grade that are renovated into $ 2,800 8 Units
new apartment units.

G. CAULKING / EXPANSION CONTROL

1. Removal and replacement of deteriorated existing exterior caulking. Low VOC $ 7,000 48 Units

2. Remove and replace all existing interior caulking. Low VOC $ 7,000 48 Units

Subtotal Division VII $ 321,540


DIVISION VIII - DOORS AND WINDOWS
A. WINDOWS AND SLIDING DOORS
1. Replace existing single panel aluminum window with new vinyl $ 100,800 48 Units
insulated sliding window with low "E" glazing.

2. Replace existing single panel aluminum window with new ALUMINUM $ 122,976 48 Units
insulated sliding window with low "E" glazing.

B. DOORS
1. Replace a percentage of the existing embossed metal apartment unit Replace doors with pre-hung rated metal $ 9,500 10 EA
entry doors and frames including hardware, residential closer, knocker entry door. 20% replacement
and peeper.

2. Replace the remainder of unit entry doors. $ 36,100 38 EA

3. Replace small percentage of existing interior wood swing doors and Reuse existing hardware if possible. If not $ 3,500 10 EA
hardware possible hardware to match existing.

4. Miscellaneous repairs to existing wood interior door frames Assumes maintaining original hardware $ 1,750 10 EA
for all doors other than replaced doors.

5. Replace existing attic and access. $ 24,500 7 Entry

6. Provide new pre-hung wood door at new mechanical closet. Includes $ 23,040 48 Units
hardware and assumes hollow core 6 panel door.

7. Replace building entrance doors with similar building entrance doors $ 25,300 22 Units

8. Replace public space door with new hollow metal doors, frames and $ 57,000 60 doors
hardware

Subtotal Division VIII $ 281,490

DIVISION IX - FINISHES
A. DRYWALL/PLASTER
1. Miscellaneous lamination of damaged plaster surfaces with new 1/4" Plaster appears to be in generally poor $ 127,660 48 Units
drywall within the units. Provide 1/2" recess trim around all existing wood condition
trim.

2. Provide new drywall over new framing at interior face of existing $ 151,560 48 Units
building perimeter wall.

3. Provide lamination of existing plaster ceilings (includes removal of 12" $ 45,330 3,555 SF
x 12" tile) with 1/2" drywall.
4. Option to repair existing plaster walls where damage is not extensive. $ 21,600 48 Units

B. WOOD FLOORING
1. Refinish wood parquet floor, throughout. In varying degrees of repair. $ 82,500 48 Units

C. CARPET
Provide carpet and pad in bedrooms rather than refinishing wood floor. Provide GreenGuard certified carpet. $ 57,600 48 Units

D. RESILIENT FLOORING
1. Provide new PVC free resilient flooring in bathrooms $ 13,800 48 Units

2. Provide new PVC free resilient flooring over luan all kitchens $ 24,000 48 Units

E. CERAMIC TILE
1. Where possible, repair and maintain existing ceramic tile floor in 40% $ 9,800 19 Units
percentage of bathrooms.

2. Remove existing ceramic tile tub surround and provide new $ 40,400 48 Units
cementitious backup with new ceramic tile

3. Clean and repair ceramic tile $ 30,240 7 Entry


corridor floors.

F. WALK OFF MATS

1. Provide recycled tire walk-off mat at each building main entrance $ 1,225 7 Entry

F. PAINTING
1. Paint entire unit with Low-VOC paint $ 63,050 48 Units

2. Paint common areas with Low-VOC paint $ 11,760 7 Entry

Subtotal Division IX $ 601,325

DIVISION X - SPECIALTIES
A. TOILET ACCESSORIES
1. Provide new mirror/medicine cabinet, soap dish, toothbrush holder, $ 12,900 48 Units
towel bars, and toilet paper holder for all units

B. SIGNS

1. Provide new building numbers at end of each building for improved Signage to be sensitive to historic identity. $ 1,925 1 Bldgs
Fire Department identity
2. Provide new unit entry numbers $ 2,010 48 Units

C. POSTAL BOXES

1. Replace mailboxes at each apartment entry hall. Existing mailboxes are in fair condition. $ 3,063 7 Entry

D. FIRE EXTINGUISHERS

1. Provide new 5 lb. ABC rated fire extinguishers in all units $ 4,320 48 Units

2. Provide new 6 lb. ABC fire rated extinguisher and surface mounted $ 3,955 7 Entry
cabinet in stair tower

Subtotal Division X $ 28,173

DIVISION XI - EQUIPMENT
A. APPLIANCES
1. Provide new 30" electric ranges Option to provide gas cooking - Range $ 22,800 48 Units
costs are similar to base scope.

2. Provide new 24" Energy Star dishwashers $ 13,200 48 Units

3. Provide new Energy Star frost free refrigerators in all units $ 30,910 48 Units

4. Provide new Energy Star dishwashers at all units including upgraded $ 19,200 48 Units
plumbing connections

5. Provide new 1/2 HP garbage disposals at all units $ 4,320 48 Units

6. New recirculating range hood with light in all unit. $ 2,640 48 Units

7. Provide new kitchen range exhaust with light. Vent through roof. $ 18,580 48 Units

Subtotal Division XI $ 111,650

DIVISION XII - FURNISHINGS


A. WINDOW TREATMENT
1. Option to provide new horizontal blinds at all unit windows. $ 12,150 48 Units

2. Provide new vertical blinds at all unit windows. Vertical blinds last longer and can be $ 23,520 48 Units
repaired

Subtotal Division XII $ 23,520


DIVISION XIII - SPECIAL CONSTRUCTION
A. HAZARDOUS MATERIALS ABATEMENT
1. Lead-based paint measures Cost indicated is placeholder only. $ 25,000 48 Units

2. Remove existing asbestos materials. Cost indicated is placeholder only. $ 25,000 48 Units

B. FIRE STOPPING
1. Provide new fire stopping between units, at floor, crawlspace and attic $ 20,360 48 Units
penetrations
Subtotal Division XIII $ 70,360

DIVISION XIV - CONVEYING SYSTEMS


NONE
Subtotal Division XIV

DIVISION XV - MECHANICAL
A. PLUMBING REPAIRS
1. Replace all existing toilets with new 1.6 gpf toilets $ 27,600 48 Units

2. Option to replace all tub faucets and trim with new single lever faucets Provide anti-scald mixing valves. $ 21,600 48 Units
and trim complete

3. Option to replace all existing toilets with new 1.1 gpf toilets (dual flush) $ 32,400 48 Units

4. Replace all tub faucets and trim with new single lever low-flow (1.75 $ 26,400 48 Units
gpf) faucets and trim complete

5. Replace existing tubs. $ 31,200 48 Units

6. Provide new pedestal sinks with trim. $ 15,600 48 Units

7. Remove and replace all existing domestic water system lines $ 134,400 48 Units
including all new control valves.

8. Allowance to repair existing domestic water system lines including all $ 25,000 48 Units
new control valves.

9. Remove and replace all existing waste system lines including above $ 54,870 48 Units
ground stack

10. Provide television inspection of existing in building below slab waste $ 3,500 7 Entry
system both before and at completion of construction

11. Provide new domestic water service submeters to all units. $ 46,750 48 Units
12. Allowance for underslab piping repair $ 14,000 7 Bldgs

B. GAS SYSTEM
1. Cap and abandon in place all gas service, and piping. Remove Assumes an all electric system. $ 1,400 7 Entry
meters.

2. Maintain gas service for central hot water heater serving the Laundry $ 1,600 1 Ea
Room only.

3. Option to provide miscellaneous repair to existing gas piping. Assumes gas service will serve hot water, $ 7,000 7 Entry
and cooking. Existing electrical service
will remain in place.

C. HVAC SYSTEM
1. Replace existing electric "pancake" heat pump units with new SEER Include new ground mounted split system $ 228,000 48 Units
14 electric split system heat pumps and condensors. AC compressors at all units.

2. Option to provide upgraded SEER 15 electric split system heat Price difference with 14 SEER unit $ 36,000 48 Units
pumps.

3. Clean out and reuse all existing unit ductwork $ 14,400 48 Units

4. Provide all new registers and grills $ 12,960 48 Units

D. WATER HEATING
1. Provide new high efficiency electric hot water heaters at all units For an all electric building $ 37,680 48 Units

3. Replace existing gas fired central hot water heater with new high- $ 88,800 8 Entry
efficiency gas fired tankless hot water heaters.

E. VENTILATION
1. Provide EnergyStar bathroom exhaust fans with delay switch $ 7,920 48 Units

F. OPTIONAL SPRINKLER SYSTEM


1. Option to provide all new domestic sprinkler system in all units Cost includes new bulkheading, new $ 164,250 36,000 SF
incoming in division II

Subtotal Division XV 779080

DIVISION XVI - ELECTRICAL


A. SERVICE UPGRADE
1. Upgrade existing secondary electric services to each building. This $ 20,000 1 Bldgs
shall include new secondary service and new gears for each building
group.
B. APARTMENT SERVICES
1. Replace existing unit electric services and panels with new 125 amp $ 192,000 48 Units
panels and new aluminum feeders

C. BRANCH CIRCUIT WIRING AND DEVICES


1. Replace all plugs, switches and cover plates. Include GFCI in kitchens Original cloth shield wiring should be $ 187,500 48 Units
and bathrooms. Provide new branch wiring throughout replace due to age and condition

2. Provide new electronic ignition plug behind all ranges included 48 Units

3. New bedroom AFCI (Arc-Fault) Circuits included 48 Units

D. INTERIOR LIGHTING
1. Replace all interior lighting with new Energy Star rated fluorescent $ 12,000 48 Units
lighting existing incandescent apartment fixtures

2. Provide new Energy Star rated fluorescent unit entry lighting $ 4,560 48 Units

E. SMOKE/CO DETECTION
1. Replace all smoke detectors with new interconnected combination $ 19,200 48 Units
smoke/CO detectors including new detector in all bedrooms

F. FIRE ALARM SYSTEM


1. Replace existing fire alarm system with unit annuciation to all $ 17,500 1 Bldgs
buildings

G. SITE LIGHTING
1. Miscellaneous upgrade of existing building and pole mounted site Existing site lighting appears to be $ 15,000 1 Bldgs
lighting system at areas that are dark or in shadow from landscaping relatively well distributed

H. SECURITY
1. Upgrade existing office monitored CCTV system in laundry and $ 8,000 1 EA
community room to allow for remote monitoring

2. Provide new access control hardware at each building entrance $ 14,000 4 Entry

I. COMMUNICATIONS
1. Replace cable TV and telephone Systems $ 14,400 48 Units

J. DATA WIRING
1. Provide high speed wireless network serving all units 48 Units

Subtotal Division XVI $ 504,160


Total Cost Exclusive of General Conditions $3,260,286

Subtotal $3,455,903

Overhead 2% $ 65,206
Profit 6% $ 195,617

TOTAL $3,716,726

GRAND TOTAL including bond $3,772,477


ENVIRONMENTAL STUDIES
Submitted Separately
TAB T
(Documentation of Financing Sources)
CONSTRUCTION AND PERMANENT LOAN
HISTORIC PRESERVATION TAX CREDIT PRELIMINARY APPROVAL
1121 FIFTH STREET, NW, WASHINGTON, DC 20001‐3605  TEL (202) 393‐1199  FAX (202) 393‐1056  E‐MAIL EHT@TRACERIES.COM

MEMORANDUM 

TO:     Kamilah McAfee (Wesley Housing Development Corporation)       
FROM:     Carrie Barton (EHT Traceries, Inc.) 
SUBJECT:    Colonial Village HPCA Part 2 Preliminary Approval from VDHR 
DATE:      May 13, 2009 
ENCLOSED:  HPCA Part 1 Approval and HPCA Part 2 Preliminary Approval Letter

CC:      Hsien‐Yuan Chen and Jay Wilson (Wiencek + Associates) 

EHT Traceries received a fax from the Virginia Department of Historic Resources providing the following 
documentation for the Colonial Village Historic Preservation Certification Application (HPCA): 
 
• HPCA Part 1 approval  
• HPCA Part 2 Preliminary Approval Letter 
 
Wesley should receive hard copies of these documents from VDHR within a few days.  VDHR has now 
forwarded the Part 1 and Part 2 applications to Audrey Tepper at the National Park Service (NPS), and 
we should expect feedback from NPS sometime in early July.  VDHR worked closely with NPS during this 
review  process  to  ensure  consistency  and  agreement  between  the  two  reviewers,  and  we  should 
anticipate that the feedback we receive in July will be similar to that in the enclosed documents. 
 
The  Part  1  and  Part  2  applications  were  reviewed  by  Elizabeth  Tune,  Manager  of  the  Office  of 
Preservation  Incentives.    Overall,  the  feedback  from  VDHR  was  positive.    The  buildings  have  been 
determined  to  be  certified  historic  structures,  and  the  proposed  work  for  the  project  has  been 
determined to be consistent with the Secretary of the Interior’s Standards for Rehabilitation.   
 
As  with  most  projects,  the  Preliminary  Approval  Letter  for  the  Part  2  application  for  Colonial  Village 
includes  conditions  with  which  the  project  must  comply.    All  conditions  for  Colonial  Village  are 
consistent with Wesley’s intentions for the project  and should not interfere  with  the  proposed scope. 
Please see the attached table for EHT Traceries’ responses and action items for each condition. 
 
Please note that the Preliminary Approval Letter is the official response to the Part 2 application.  Final 
approval  is  not  granted  until  work  is  complete.    At  that  time,  EHT  Traceries  will  submit  a  Part  3 
application,  which  includes  photographic  documentation  to  show  that  all  work  completed  is  in 
compliance  with  the  work  proposed  and  approved  in  the  Part  2  application,  with  any  subsequent 
amendments, and with the conditions included in the enclosed Preliminary Approval Letter.   
Colonial Village    EHT Traceries, Inc. 
Response to VDHR Approvals    May 13, 2009 
 

CONDITION  NOTE  ACTION 


Condition 1: Repointing of masonry  This is a standard condition that is included  Before and after 
must replicate the historic mortar  in most (if not all) Preliminary Conditions  conditions will be 
joints in profile, tooling, and mortar  Letters.  The Part 2 application specified that  documented.  No 
composition.  all brick and mortar work will be completed  formal response to 
consistent with the guidelines set forth by  VDHR is necessary. 
the National Park Service.  They are simply 
reinforcing this importance of this item. 
 
Condition 2: All new exterior trim,  VDHR and NPS have allowed use of  No formal response to 
whether it is replacing deteriorated  composite replacement materials in the past  VDHR is necessary. 
historic or non‐historic fabric, must  to replace non‐historic materials.  However, 
be made of wood and replicate the  this condition was most likely included 
historic trim in design and profile.  because of the high level of significance of 
the Colonial Village property.  Elizabeth Tune 
explained that both she and Audrey Tepper 
(NPS) have agreed on this condition and that 
it will be repeated in the NPS Preliminary 
Approval Letter.   
Condition 3: Replacement shutters  EHT Traceries explained to VDHR that the  EHT Traceries will 
should be sized to fit the window  existing shutters will remain, and that only  send an e‐mail to both 
opening and should be fabricated  the missing shutters will be replaced.  In that  VDHR and NPS 
from wood to match the historic  case, the replacement shutters can match  explaining this point 
shutter style.  the existing shutters in material, size, and  in writing. 
profile.  
Condition 4: Replacement of the  VDHR and NPS are aware that EHT Traceries  EHT Traceries will 
non‐historic vinyl windows is  will be working closely with Wesley and  submit a formal 
acceptable; DHR and NPS must  Wiencek to select an appropriate  Amendment to VDHR 
review and approve an acceptable  replacement window.    and NPS once the 
product.  The windows must  replacement window 
replicate, as closely as possible, the  has been selected by 
sash configuration, dimensions,  the design team. 
and profiles of the historic window 
sash. 
Condition 5: Please detail what  This  condition  is  in  direct  response  to  the  EHT Traceries will 
analysis has been conducted to  feedback  we  received  from  Audrey  Tepper  submit a formal 
determine the source of the  during  the  site  visit  in  March,  as  well  as  in  amendment to 
moisture and mold problems  the  response  from  VDHR  to  the  Preliminary  provide the requested 
experienced throughout the units  Review  Memo.    Because  of  the  severe  information, once 
and discuss how the work proposed  moisture conditions at Colonial Village, both  specifications for work 
will arrest the problem and prevent  VDHR  and  NPS  want  to  make  sure  that  the  to address the 
further moisture‐related  rehabilitation  is  comprehensive  enough  to  moisture problem 
deterioration.  DHR and NPS are  address  the  overall  deterioration  that  have been developed 
concerned that the rehabilitation  threatens the integrity of the structures.  by Wiencek. 
work will not survive unless the   
cause of these problems is found 
and addressed. 
TAB U
(Syndication Commitment)
TAB V
(Nonprofit or LHA Purchase Option or Right of First Refusal)
TAB W
(Original Attorney’s Opinion)
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
Colonial Village II Apartments

Marketing Plan for Units Which Conform to


Section 504 of the Rehabilitation Act

This Marketing Plan for Units Which Conform to Section 504 of the Rehabilitation Act
(the “Marketing Plan”) has been designed to convey to current and potential residents with
disabilities that Colonial Village II Apartments (Colonial Village) will be a new rental housing
experience, with a commitment to excellent management and resident service, as well as an
expectation of resident responsibility. Therefore, the majority of this plan will address ways in
which property management will endeavor to secure qualified tenants, ensure quality tenancy,
and effective management and maintenance of the property.

Wesley Housing Development Corp. (WHDC) will be responsible for the management of
Colonial Village. WHDC will be responsible for all of the traditional management functions,
including rent collection, maintenance, record keeping, reports, development of budgets, and
monitoring resident income qualifications. Additionally, WHDC will be responsible for the
development and management of community and resident services program.

I. Affirmative Marketing

WHDC is pledged to the letter and the spirit of the U.S. policy of the achievement of
equal housing opportunity throughout the Nation and will actively promote fair housing in the
development and marketing of this project. WHDC, it’s Officers, Directors and employees will
not discriminate on the basis of race, creed, color, sex, religion, familial status, age, disability or
sexual orientation in its programs or housing. They will also comply with all provisions of the
Fair Housing Act (42 U.S.C. 3600, et. Seq.).

Any employee who has discriminated in the acceptance of a resident will be subject to
immediate dismissal. All persons who contact the office will be treated impartially and equally
with the only qualification necessary for application acceptance being income and credit, and
conformity with the requirements of the Tax Credit program. All interested parties will be
provided a copy of the apartment brochure. Any resident who has questions not answered by the
leasing staff will be referred to the Property Manager assigned by WHDC.

Any unit which is designated as a unit for people with disabilities and that confirms to
Section 504 of the Rehabilitation Act will be held vacant as long as it takes to find a qualified
tenant.

II. Marketing and Outreach

Locating people with disabilities to occupy the units which conform to the requirements
of Section 504 of the Rehabilitation Act will be accomplished as follows:

1
1. Networking

WHDC will contact local centers for independent living and disability services boards
and other service organizations via phone and printed communication. The contacts will include
the following organizations:

• Arlington County Disability Services Board


2100 Clarendon Boulevard
Arlington, VA 22201
(703) 228-1096 (p)

• Endependence Center, Inc.


6300 East Virginia Beach Boulevard
Norfolk, VA 23502-2857
www.endependence.org
(757) 461-8007 (p)
(757) 455-8223 (f)

• National Accessible Apartment Clearinghouse


4300 Wilson Boulevard, Suite 400
Arlington, VA 22203
www.accessibleapartments.org
(800) 421-1221 (p)
(703) 248-9440 (f)

• Brain Injury Services


8136 Old Keene Mill Road
Springfield, VA 22152
(703) 451-8881 (p)
(703) 451-8820 (f)

2. Print Media

Print media sources will also be identified in Arlington County that cater to people with
disabilities as well as the public at large. These sources may include, but are not limited to, rental
magazines such as the Apartment Shoppers Guide, Apartments For Rent, local newspapers, etc..
All advertising materials related to the project will contain the Equal Housing Opportunity
logotype, slogan or statement, in compliance with the Fair Housing Act, as well as the fact that
units for people with disabilities are available.

3. Resident Referrals

An effective Resident Referral program will be set up, in which current residents are
rewarded for referring friends, coworkers, and others who may have disabilities to the property.
These referrals are generally the best form of advertising as it attracts friends who will want to
reside together, thus binding the community. Residents will be offered incentives, to be
determined, for referring qualified applicants who rent at the property. Flyers will be
distributed to residents along with the project newsletter announcing the tenant referral program.

2
4. Marketing Materials

Additional marketing materials are needed in order to further support the specific
marketing effort to people with disabilities. All printed marketing materials will include the EHO
logo. The marketing will also emphasize the physical and administrative compliance with
Americans with Disabilities Act.

These marketing materials include:

• Brochures –A simple, two color brochure may be produced at low cost which will
effectively sell the apartments and community. This brochure will include the floor
plans, a listing of features and amenities. The floor plans should be printed in as large a
format as possible.

• Flyers - As mentioned earlier, a flyer campaign may be used effectively to market the
community. Each flyer should incorporate graphics as well as a small amount of copy
and should be designed to generate traffic. As such, each flyer may include a special offer
with a deadline (i.e. "Bring this flyer with you when you visit this weekend and pay no
application fee!")

• Resident Referral - The least expensive form of advertising is through Resident


Referrals. A flyer may be created and distributed to all residents. ($100 per referral, paid
upon move in is the industry standard). In addition to being distributed to all residents,
the referral flyer should be left in the Management office and should be included in the
move in packet. (People are most inclined to refer their friends in the first few weeks of
their tenancy.) The flyers should be changed several times each year to reflect the season
or any type of special referral program.

• Follow Up Marketing- All visitors to the Management office should receive a thank
you note from the Property Manager. This can be written on a plain thank you card, or for
greater impact, on a post card with a photo of the community or a thank you note with the
community's logo.

III. Public and Community Relations

Equal Housing Opportunity promotions - all Site Signage containing the EHO logo and
Fair Housing posters are displayed in English and Spanish in the Rental Office. Also posted in the
Rental Office are instructions to anyone who feels they have been discriminated against to contact
the Project Manager at WHDC directly. WHDC encourages and supports an affirmative
marketing program in which there are no barriers to obtaining housing because of race, color,
religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family
responsibilities, physical or mental handicap, political affiliation, source of income, or place of
residence or business.

Additionally, a public relations program will be instituted to create a strong relationship


between management and local disability organizations, neighborhood civic organizations,

3
churches and synagogues, city officials, and other sources of potential qualified residents still to
be identified.

IV. Tenant Selection and Orientation

The first contact with the management operations is an important one in attracting
qualified residents; therefore the management/leasing offices should convey a sense of
professionalism, efficiency, and cleanliness. The management/leasing office will be designed to
provide a professional leasing atmosphere, with space set aside specifically for resident
interviews and application assistance. The leasing interviews will be used to emphasize the
respect afforded to the resident and the responsibilities which the resident will be expected to
assume.

Times of Operation - the Rental Office will be open Monday through Friday from 9:00
A.M. to 5:00 P.M. Applicants will be processed on site in accordance with approved criteria.
After hours inquiries will be received by the answering services which will take messages and
forward them to the Management Office to handle on the next business day. Move-in process and
orientation to property - applicants meet with the Community Manager or designated staff to
discuss programs available on the property and will be supplied relevant information to assist
them in their move.

See the Colonial Village II Apartments Management Plan, Section 4, for details regarding
the Application Processing and Tenant Selection Criteria.

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