Riverwood Apartments - 2009 VA

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

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

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

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

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

I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, 05/12/09
the Internal Revenue Code of 1986, as amended. (Date of Application)
A. Development Name and Location:

1. Name of Development Riverwood Apartments
2. Address of Development 368 Riverwood Drive
(Street)
Colonial Beach VA 22443
(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. (38.258463, -76.975772)
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 Westmoreland 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: 9904
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? Yes
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 1 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf
Planning District 17 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 28 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 99 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf
14. Location Map Attached (TAB A)
B. Project Description:
In the space provided below, give a brief description of the proposed project.
This aging, affordable housing development will require significant rehabilitation and preservation.
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) $577,109
2. Credits requested from:

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

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

all buildings or
some buildings.
D. Type(s) of Allocation/Allocation Year
1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of 2008 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.
2. Carryforward Allocation
All of the buildings in the development are expected to be placed
in service within two years after the end of this calendar year, 2009, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a carryforward allocation of 2009 credits pursuant to Section 42(h)(1)(E) for:
new construction, or
rehabilitation, or
acquisition and rehabilitation (even if you acquired a building this year and
"placed it in service" for the purpose of the acquisition credit, you cannot receive
the 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 2010 or 2011).
3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
2009 Page 2
E. Acquisition Credit Information

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

All buildings satisfy the 10-year look-back rule of IRC Section 42 (d)(2)(B), including the
10% basis/$15,000.00 rehab costs ($10,000 for Tax Exempt Bonds) per unit requirement.
All buildings qualify for an exception to the 10-year rule under IRC Section 42(d)(2)(D)(i),
Subsection (I)
Subsection (II)
Subsection (III)
Subsection (IV)
Subsection (V)
A waiver of the 10-year rule for all buildings has been or will be requested from the
Department of the Treasury pursuant to IRC Section 42(d)(6)(B)
Different circumstances for different buildings: Attach a separate sheet and explain for each
building.
F. Rehabilitation Credit Information
NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go
on to Section II. No Rehabilitation
Minimum Expenditure Requirements

All buildings in the development satisfy the rehab costs per unit requirement of IRC
Section 42(e)(3)(A)(ii).
All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the
10% basis requirement (4% credit only).
All buildings in the development qualify for the IRC Section 42(f)(5)(B)(ii)(II) exception.
Different circumstances for different buildings. Attach a separate sheet and
explain for each building.
2009 Page 3
II. OWNERSHIP INFORMATION

NOTE: VHDA may allocate credits only to the tax-paying entity which owns the development at the time of the allocation. The term "Owner" herein refers to that entity. Please fill in the legal
name of the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except those involving the admission of
limited partners) prior to the placed-in-service date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its sole discretion. IMPORTANT: The
Owner name listed on this page must match exactly the owner name listed on the Virginia State Corporation Commission Certification.
Must be an individual or legally formed entity
A. Owner Information:
Name Riverwood Preservation, L.P.
Contact Person First: Jay Middle: L. Last: Reinhard
Address 60 Columbus Circle
(Street)
New York NY 10023
(City) (State) (Zip Code)
Federal I. D. No. 26-2982709 (If not available, obtain prior to Allocation)

Phone 212-801-1078 Fax 212-801-3731 Email address jreinhard@related.com
Type of entity: Limited Partnership Other
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements) attached (Mandatory TAB B)
Certification from Virginia State Corporation Commission attached (Mandatory TAB C)
Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.)
Names ** Phone Type Ownership % Ownership
Stephen M. Ross 212-421-5333 Member 59.69%
Jeff T. Blau 212-421-5333 Member 5.52%
Bruce A Beal/Michael Brenner 212-421-5333 Member 3.80%
Mark E. Carbone/Matthew Finkle 212-421-5333 Member 21.00%
Akiim Kiambu Barber 212-421-5333 Member 5.10%
Mark Lepselter/Drew Sheinman 212-421-5333 Member 3.68%
Joseph A. Baratta/Arthur L. Aidala 212-421-5333 Member 1.23%
This should be 100% of the GP or managing member interest: 100.00%
** These should be the names of individuals who comprise the GP or managing members, not simply the names of
separate partnerships or corporations which may comprise those components.
Principals' Previous Participation Certification attached (Mandatory TAB D), resumé, & ownership structure chart.
B. Seller Information:
Name Riverwood LP Contact Person Charles Nimmo
Address 3130 Chaparral Drive, Suite 200
Roanoke, VA 24018 Phone 540-774-1641
Is there an identity of interest between the seller and owner/applicant? Yes No

If yes, complete the following:
Principal(s) involved (e.g. general partners, controlling shareholders, etc.)
Names Phone Type Ownership % Ownership
0.00%
0.00%
0.00%
0.00%
2009 Page 4
C. Development Team Information:

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

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

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

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

Firm Name: F&W Management
Address: 3130 Chaparral Drive, Roanoke, VA24018
Phone: 540-774-1641 Fax: 540-774-2488
5. Contractor (Contact): William C. Barton Related Entity? Yes No

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

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

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

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

Firm Name: PresCon, LLC Role:
Address: 60 Columbus Circle, New York, NY 10023
Phone: 212-801-1067 Fax: 212-801-3731
2009 Page 5
D. Nonprofit Involvement:
Applications For 9% Credits - Must be completed in order to compete in the nonprofit tax credit pool.
All Applicants - Must be completed for points for nonprofit involvement under the ranking system.
Tax Credit Nonprofit Pool Applicants: To qualify for the nonprofit pool, an organization described in IRC Section 501
(c)(3) or 501 (c)(4) and exempt from taxation under IRC Section 501 (a), whose purposes include the fostering of low-income housing:
1. Must "materially participate" in the development and operation of the project throughout the compliance period,
2. Must own all general partnership interests in the development .
3. Must not be affiliated with or controlled by a for-profit organization.
4. Must not have been formed for the principal purpose of competition in the nonprofit pool, and
5. Must not have any staff member, or member of the nonprofit's board of directors materially participate in the proposed project
as a for-profit entity.
All Applicants: To qualify for points under the ranking system, the nonprofit's involvement need not necessarily
satisfy all of the requirements for participation in the nonprofit tax credit pool
1. Nonprofit Involvement (All Applicants)

If there is no nonprofit involvement in this development, please indicate by checking here
and go on to part III
2. Mandatory Questionnaire
If there is nonprofit involvement, you must complete the Non-Profit Questionnaire
Questionnaire attached (Mandatory TAB E)
3. Type of involvement
Nonprofit meets eligibility requirement for points only, not pool or
Nonprofit meets eligibility requirements for nonprofit pool and points
4. Identity of Nonprofit (All nonprofit applicants)

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

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

1. Total number of all units in development 83
Total number of rental units in development 83 bedrooms 163
Number of low-income rental units 83 bedrooms 163
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: 25
Elevator Number of stories: 3
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 83 bedrooms 163
4. Total Floor Area For The Entire Development 71,700.00 (Sq. ft.)
5. Unheated Floor Area (Breezeways, Balconies, Storage) 2,257.00 (Sq. ft.)
6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)

(Not eligible for funding)
7. Total Usable Residential Heated Area 69,443.00 (Sq. ft.)
8. Number of Buildings (containing rental units) 10
9. Commercial Area Intended Use: NA
10. Project consists primarily of a building(s) which is (are) (CHOOSE ONLY ONE)
Low-Rise (1-5 stories with any structural elements made of wood)

Mid-Rise (5-7 stories with no structural elements made of wood)
High-Rise (8 or more stories with no structural elements made of wood)
B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: Leasing office/maintenance shop, community room, 2 laundry facilities
basketball court
Exterior Finish: Brick, T1-11, vinyl
Heating/AC System: Heat: Forced Hot Air (Gas), A/C: Split System
Architectural Style: Wood-framed, slab on grade
2009 Page 7
C. Amenities:
1. Specify the average size per unit type: (Including pro rata share of heated common area)
Assisted Lvg 0.00 SF 1Bdrm Eld 0.00 SF 3-Bdrm Gar 1,005.00 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 633.80 SF 3-Bdrm TH 0.00 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 881.56 SF 4-Bdrm TH 0.00 SF
2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
69,443.00 Documentation attached (TAB F) Mandatory
(Sq. ft.)
NOTE: All developments must meet VHDA's Minimum Design and Construction Requirements.
By signing and submitting the Application For Reservation of Low Income Housing Tax Credits the
applicant certifies that the proposed project budget, plans & specifications and work write-ups incorporate
all necessary elements to fulfill these requirements.
3. Check the following items which apply to the proposed project:

Documentation attached (TAB F Architect Certification) Mandatory
For any project, upon completion of construction/rehabilitation: (Optional Point items)

0% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms
0% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms
b. A community/meeting room with a minimum of 749 square feet is provided
12% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)
d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements
e. All windows meet the EPA's Energy Star qualified program requirements
f. Every unit in the development is heated and air conditioned with either (i) heat pump units with both a
SEER rating of 14.0 or more and a HSPF rating of 8.2 or more and a variable speed air handling unit
(for through- the-wall heat pump equipment that has an EER rating of 11.0 or more), or (ii) air
conditioning units with a SEER rating of 14.0 or more and a variable speed air handling unit, combined
with gas furnaces with an AFUE rating of 90% or more
g. Water expense is sub-metered (the tenant will pay monthly or bi-monthly bill)
h. Each bathroom consists only of low-flow faucets (2.2 gpm max.) and showerheads (2.5gpm max.)
i. Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice.
j. All water heaters meet the EPA's Energy Star qualified program requirements.
2009 Page 8
Low Income Housing Tax Credit Application For Reservation
For all projects exclusively serving elderly and/or handicapped tenants, upon completion
of construction/rehabilitation: (Optional Point items)
a. All cooking ranges will have front controls
b. All units will have an emergency call system
c. All bathrooms will have an independent or supplemental heat source
d. All entrance doors have two eye viewers, one at 48" and the other at standard height
For all rehabilitation and adaptive reuse projects, upon completion of construction or
or rehabilitation: (Optional Point items)
The structure is listed individually in the National Register of Historic Places or is

located in a registered historic district and certified by the Secretary of the Interior as
being of historical significance to the district, and the rehabilitation will be completed
in such a manner as to be eligible for historic rehabilitation tax credits
Accessibility
Check one or none of the following point categories, as appropriate:
For any non-elderly property in which the greater of 5 or 10% of the units (i) provide federal project-based rent subsidies o
equivalent assistance in order to ensure occupancy by extremely low-income persons; (ii) conform to HUD regulation
interpreting accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to people wit
special needs in accordance with a plan submitted as part of the Application. (If special needs include mobility impairment
the units described above must include roll-in showers and roll under sinks and front controls for ranges).
For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD’s Housing Choice
Voucher (“HCV”) payment standard; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 o
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, in
accordance with a plan submitted as part the Application.
For any non-elderly property in which at least four percent (4%) of the units conform to HUD regulations interpreting
accessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobility
impairments in accordance with a plan submitted as part of the Application.
Earthcraft or LEED Development Certification

Applicant agrees to obtain Earthcraft or LEED certification prior to issuance of IRS Form 8609. Architect
certifies in the Architect Certification that the development's design will meet the criteria for such certification
Yes - Earthcraft Yes - LEED
If Yes to either, attach appropriate documentation at TAB F
LEED Accredited Design Team Member

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

a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.
Yes No If Yes, attach appropriate documentation at TAB F
b. Number of Rental Units constructed to meet VHDA's Universal Design standards:
0 Units 0%
VHDA Certified Property Management Agent

Owner agrees to use a VHDA Certified Property Management Agent to manage the property.
Yes No
Yes No N/A The market-rate units' amenities are substantially equivalent to those of the
low-income units. If no, explain differences:
2009 Page 9
IV. TENANT INFORMATION
A. Set-Aside Election: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE

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

Income Levels Rent Levels
# of Units % of Units # of Units % of Units
0 0.00% 40% Area Median 9 10.84% 40% Area Median
0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
83 100.00% Total 83 100.00% Total
B. Special Housing Needs/Leasing Preference:
1. If 100% of the low-income units will be occupied by either or both of the following special needs
groups as defined by the United States Fair Housing Act, so indicate:
Yes Elderly (age 55 or above)
Yes Physically or mentally disabled persons (must meet the requirements of the federal
Americans with Disabilities Act)
2. Specify the number of low-income units that will serve individuals and families with children by
providing three or more bedrooms: 24 Number of units 29% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or physical
displacement on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation
Guidelines for LIHTC properties.
4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8
waiting list, so indicate:
Yes
No
Locality has no such waiting list; If yes, provide the following information:
Organization which holds such waiting list: Westmoreland County Department of Social Services
Contact person (Name and Title) Belinda Johnson, Eligibility Worker
Phone Number 804-493-9309 Required documentation attached (TAB H)
5. If leasing preference will be given to individuals and families with children.

(Less than or equal to 20% of the units must have of 1 or less bedrooms).
Yes
No
2009 Page 10
V. LOCAL NEEDS AND SUPPORT
A. Provide the name and the address of the chief executive officer (City Manager, Town Manager, or
County Administrator) of the political jurisdiction in which the development will be located:
Chief Executive Officer's Name Valda J. Foulds
Chief Executive Officer's Title Town Manager
Street Address 18 North Irving Avenue Phone 801-224-7181
City Colonial Beach State VA Zip 22443
Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Honorable Frederick Rummage, Mayor of Colonial Beach
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No
If the property overlaps another jurisdiction please fill in the following:

Chief Executive Officer's Name
Chief Executive Officer's Title
Street Address Phone
City State Zip
Name and title of local official you have discussed this project with who could answer questions for the
local CEO:
Letter from CEO attached (TAB I) CEO letter to be submitted separately by June 1, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 3/5/09: (9% competitive credits only) Yes No
B. Project Schedule
ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract 9/11/07 Mark Carbone
Site Acquisition 11/01/09 Mark Carbone
Zoning Approval 05/15/09 Jay Reinhard
Site Plan Approval N/A
Financing
A. Construction Loan
Loan Application 07/15/09 Jay Reinhard
Conditional Commitment 09/01/09 Jay Reinhard
Firm Commitment 10/01/09 Jay Reinhard
B. Permanent Loan - First Lien
C. Permanent Loan-Second Lien
D. Other Loans & Grants
Type & Source, List
Application 05/15/09 Jay Reinhard
Award/Commitment 08/05/09 Jay Reinhard
Formation of Owner 05/01/09 Jay Reinhard
IRS Approval of Nonprofit Status N/A
Closing and Transfer of Property to Owner 11/01/09 Jay Reinhard
Plans and Specifications, Working Drawings 05/01/09 Michael Antonik
Building Permit Issued by Local Government 10/01/09 Michael Antonik
Start Construction 12/01/09 Michael Antonik
Begin Lease-up In place rehab
Complete Construction 08/01/10 Michael Antonik
Complete Lease-Up In place rehab
Credit Placed in Service Date 11/01/10 Michael Antonik
2009 Page 11
VI. SITE CONTROL
Note: Site control by the Owner identified herein is a mandatory precondition of review of this application. Documentary evidence of it,
in the form of either a deed, option, purchase contract, or lease for a term longer than the period of time the property will be subject to
occupancy restrictions must be included herewith. (9% Competitive Credits - An option or contract must extend beyond the
application deadline by a minimum of four months.)
Warning: Site control by an entity other than the Owner, even if it is a closely related party, is not sufficient. Anticipated future transfers
to the Owner are not sufficient. The Owner, as identified in Subpart II-A, must have site control at the time this Application is
submitted.
NOTE: If the Owner receives a reservation of credits, the property must be titled in the name of or leased by (pursuant to a long-term
lease) the Owner before the allocation of credits is made this year.
Contact us before you submit this application if you have any questions about this requirement.
A. Type of Site Control by Owner:
Applicant controls site by (select one and attach document - Mandatory TAB K)
Deed - attached
Long-term Lease - attached (expiration date: )
Option - attached (expiration date: )
Purchase Contract - attached (expiration date: 01/01/11 )
If more than one site for the development and more than one form of site control, please so indicate
and attach a separate sheet specifying each site, number of existing buildings on the site, if any,
type of control of each site, and applicable expiration date of form of site control. A site control
document is required for each site.
B. Timing of Acquisition by Owner:

Select one:
Owner already controls site by either deed or long-term lease or
Owner is to acquire property by deed (or lease for period no shorter than period property
will be subject to occupancy restrictions) no later than 11/01/09 (must be prior to November 6, 2009).
If more than one site for the development and more than one expected date of acquisition by
Owner, please so indicate and attach separate sheet specifying each site, number of existing
buildings on the site, if any, and expected date of acquisition of each site by the Owner.
C. Market Study Data:
Obtain the following information from the Market Study conducted in connection with this tax credit application and enter below:
Project Wide Capture Rate - LIHTC Units 37.60%

Project Wide Capture Rate - Market Units N/A
Project Wide Capture Rate - All Units 37.60%
Project Wide Absorption Period (Months) 0
2009 Page 12
C. Site Description
1. Exact area of site in acres 8.100
2. Has locality approved a final site plan or plan of development?

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

Yes No
Required documentation form attached (TAB M)
4. Will the proposal seek to qualify for points associated with proximity to public transportation?
Yes No
Required documentation form attached (TAB A)
D. Photographs
Include photographs of the site and any existing structure(s) in TAB O. For rehabilitation projects,
provide interior pictures which document the necessity of the proposed work
E. Plans and Specifications
Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)
1. A location map with property clearly defined.

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

Plans and specifications/unit-by-unit work writeup submitted separately
2009 Page 13
VII. OPERATING BUDGET
A. Rental Assistance
1. Do or will any low-income units receive rental assistance?
Yes No
2. If yes, indicate type of rental assistance:
Section 8 New Construction Substantial Rehabilitation

Section 8 Moderate Rehabilitation
Section 8 Certificates
Section 8 Project Based Assistance
RD 515 Rental Assistance
Section 8 Vouchers
State Assistance
Other:
3. Number of units receiving assistance: 83

Number of years in rental assistance contract: 26
Expiration date of contract: 09/14/09
Contract or other agreement attached (TAB Q)
B. Utilities
1. Monthly Utility Allowance Calculations
Utilities Type of Utility Utilities Enter Allowances by Bedroom Size

(Gas, Electric, Oil, etc.) Paid by: 0-bdr 1-bdr 2-bdr 3-bdr 4-br
Heating Electric Owner X Tenant 0 0 0 0 0
Air Conditioning Electric Owner X Tenant 0 68 79 97 0
Cooking Electric Owner X Tenant 0 0 0 0 0
Lighting Electric Owner X Tenant 0 0 0 0 0
Hot Water Electric Owner X Tenant 0 0 0 0 0
Water Water X Owner Tenant 0 0 0 0 0
Sewer Sewer X Owner Tenant 0 0 0 0 0
Trash Trash X Owner Tenant 0 0 0 0 0
Total utility allowance for costs paid by tenant $0 $68 $79 $97 $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
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 27 $16,470
4 Bedroom Units 0 $0
Total Number of Tax Credit Units 83
Plus Other Income Source (list): Laundry, Vending, Tenant Charges $588
Equals Total Monthly Income: $61,498
Twelve Months x12
Equals Annual Gross Potential Income $737,970
Less Vacancy Allowance ( 7.0% ) $51,658
Equals Annual Effective Gross Income (EGI) - Low Income Units $686,312
** Beginning at Row 75 enter the appropriate data for both tax credit and market rate units in the yellow shaded cells.
2. Indicate the estimated monthly income for the Market Rate Units: **
Total Number of Total Monthly
Unit Type Market Units Rental Income
Efficiency Units 0 $0
Total Number of Market Units 0
Plus Other Income Source (list): $0

Equals Total Monthly Income: $0
Twelve Months x12
Equals Annual Gross Potential Income $0
Less Vacancy Allowance ( 0.0% ) $0
Equals Annual Effective Gross Income (EGI) - Market Rate Units $0
Documentation in Support of Operating Budget attached (TAB R)
List number of units by type: TOTAL UNITS
ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR

0 0 0 0 0 27
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH

32 24 0 0 0 0
1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD Note: Please be sure to enter the number of units in the
0 0 0 appropriate unit category. If not, you will find an error on
the scoresheet at 5a, 6a & 6b.
List number of units by type: TAX CREDIT UNITS
ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR
0 0 0 0 0 27
2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2 BD RM-TH 3 BD RM-TH 4 BD RM-TH

32 24 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 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Total Efficiency Total Monthly Eff.
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
Efficiency - Market 0 0.00 $ - $ -

Total Efficiency
Market Units: 0 0.00 Total Monthly
Eff. Market Rent: $ -
Total Eff. Units: 0 Total Eff. Rent $ -
1-Bedroom Units
Net Rentable Monthly Rent Total
1 BR - 40% 1 530.60 $ 610 $ 610

2009 Page 15
1 BR - 40% 2 590.30 $ 610 $ 1,220
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% 3 530.60 $ 610 $ 1,830

1 BR - 50% 20 590.30 $ 610 $ 12,200
1 BR - 50% 1 603.80 $ 610 $ 610
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
Total 1-BR Total Monthly 1-BR
Tax Credit Units: 27 15,712.80 Tax Credit Rent: $ 16,470
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
Total 1-BR
1-BR Market Rent: $ -
Total 1-BR Units: 27 Total 1-BR Rent $ 16,470
2009 Page 15
2-Bedroom Units
2 BR - 40% 3 795.10 $ 725 $ 2,175

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% 29 795.10 $ 725 $ 21,025

2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2009 2 BR - Market 0 0.00 $ - $ - Page 15
Total 2-BR
3-Bedroom Units
3 BR - 40% 3 913.20 $ 885 $ 2,655

3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 50% 21 913.20 $ 885 $ 18,585

3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
2009 Page 15
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
4-Bedroom Units
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
2009 Page 15
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
Total 4-BR
Total 4-BR Units: 0 Total 4-BR Rent $ -
Total Units 83 Net Rentable SF: TC Units 63,072.80

MKT Units 0.00
Total NR SF: 63,072.80
Floor Space Fraction 100.0000%
2009 Page 15
D. Operating Expenses
Administrative:
1. Advertising/Marketing $275
2. Office Salaries $0
3. Office Supplies $10,475
4. Office/Model Apartment (type______) $0
5. Management Fee $29,257
4.26% of EGI 352.4939759 Per Unit
6. Manager Salaries $30,650
7. Staff Unit (s) (type______) $0
8. Legal $4,000
9. Auditing $4,697
10. Bookkeeping/Accounting Fees $0
11. Telephone & Answering Service $0
12. Tax Credit Monitoring Fee $0
13. Miscellaneous Administrative $2,600
Total Administrative $81,954
Utilities
14. Fuel Oil $0
15. Electricity $14,050
16. Water $14,016
17. Gas $2,800
18. Sewer $45,716
Total Utility $76,582
Operating:
19. Janitor/Cleaning Payroll $0
20. Janitor/Cleaning Supplies $1,925
21. Janitor/Cleaning Contract
22. Exterminating $2,200
23. Trash Removal $8,700
24. Security Payroll/Contract $72,000
25. Grounds Payroll $0
26. Grounds Supplies $300
27. Grounds Contract $9,800
28. Maintenance/Repairs Payroll $49,425
29. Repairs/Material $1,275
30. Repairs Contract $4,000
31. Elevator Maintenance/Contract
32. Heating/Cooling Repairs & Maintenance $250
33. Pool Maintenance/Contract/Staff
34. Snow Removal $100
35. Decorating/Payroll/Contract $3,000
36. Decorating Supplies $1,500
37. Miscellaneous $1,475
Operating & Maintenance Totals $155,950
Taxes & Insurance
38. Real Estate Taxes $29,424
39. Payroll Taxes $18,906
40. Miscellaneous Taxes/Licenses/Permits $476
41. Property & Liability Insurance $26,541
42. Fidelity Bond $0
43. Workman's Compensation $0
44. Health Insurance & Employee Benefits $0
45. Other Insurance $0
Total Taxes & Insurance $75,347
6544
Total Operating Expense $389,833
D1. Total Oper. Ex. Per Unit $4,697 D2. Total Oper. Ex. As % EGI (from E3) 56.80%
Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $24,900
Total Expenses $414,733
2009 Page 16
E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $686,312
2. Annual EGI Market Units (from C2) + $0
3. Total Effective Gross Income = $686,312
4. Total Expenses (from D) $414,733
5. Net Operating Income = $271,579
6. Total Annual Debt Service (from Page 21 B2) - $234,288
7. Cash Flow Available for Distribution = $37,291
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 686,312 706,901 728,109 749,952 772,450
Less Oper. Expenses 414,733 431,322 448,575 466,518 485,179
Net Income 271,579 275,579 279,533 283,434 287,271
Less Debt Service 234,288 234,288 234,288 234,288 234,288
Cash Flow 37,291 41,291 45,246 49,146 52,984
Debt Coverage Ratio 1.16 1.18 1.19 1.21 1.23

Eff. Gross Income 795,624 819,493 844,077 869,400 895,482
Net Income 291,038 294,723 298,317 301,809 305,187
Cash Flow 56,750 60,435 64,029 67,521 70,900

Eff. Gross Income 922,346 950,016 978,517 1,007,872 1,038,109
Net Income 308,440 311,554 314,516 317,312 319,925
Cash Flow 74,152 77,266 80,228 83,024 85,638
Estimated Annual Percentage Increase in Revenue 3.00% (Must be < 3%)
Estimated Annual Percentage Increase in Expenses 4.00% (Must be > 4%)
2009 Page 17
VIII. PROJECT BUDGET
A. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through A12. Check if the following
documentation is attached at TAB S:
Executed Construction Contract
Executed Trade Payment Breakdown
Appraisal
Other Cost Documentation
Environmental Studies
NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible basis, type
of credit and numerical calculations of this Part VIII.
Amount of Cost up to 100% Includable in

Eligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
1. Contractor Cost
A. Off-Site Improvements 0 0 0 0
B. Site Work 0 0 0 0
C. Other: 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 1,941,237 0 0 1,941,237
F. Accessory Building (s) 0 0 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 1,941,237 0 0 1,941,237
L. General Requirements 116,474 0 0 116,474
M. Builder's Overhead 38,825 0 0 38,825
( 2.0% Contract)
N. Builder's Profit 116,474 0 0 116,474
( 6.0% Contract)
O. Bonding Fee 0 0 0 0
P. Other: 0 0 0 0
Q. Contractor Cost
Subtotal (Sum 1K..1P) $2,213,010 $0 $0 $2,213,010
2. Owner Costs
A. Building Permit 10,000 0 0 10,000
B. Arch./Engin. Design Fee 80,000 0 0 80,000
( 964 /Unit)
C. Arch. Supervision Fee 75,000 0 0 75,000
( 904 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0
2009 Page 18

2. Owner Costs Continued
F. Construction Loan 0 0 0 0
Origination Fee
G. Construction Interest 0 0 0 0
( 0.0% for 0 months)
H. Taxes During Construction 22,068 0 0 5,517
I. Insurance During Construction 19,907 0 0 4,977
J. Cost Certification Fee 45,000 0 0 45,000
K. Title and Recording 90,073 71,250 0 15,073
L. Legal Fees for Closing 345,000 65,000 0 35,000
M. Permanent Loan Fee 34,329 0 0 0
( 0.0% )
N. Other Permanent Loan Fees 48,143 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 38,708 9,677 0 9,677
Q. Environmental Study 25,000 0 0 25,000
R. Structural/Mechanical Study 15,000 0 0 15,000
S. Appraisal Fee 15,000 0 0 15,000
T. Market Study 15,000 0 0 15,000
U. Operating Reserve 330,953 0 0 0
V. Tax Credit Fee 42,000 0 0 0
W. OTHER $767,815 $0 $0 $629,392
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $2,018,996 $145,927 $0 $979,636
Subtotal 1 + 2 $4,232,006 $145,927 $0 $3,192,646

(Owner + Contractor Costs)
3. Developer's Fees 1,054,364 328,993 0 725,372
4. Owner's Acquisition Costs

Land 106,000
Existing Improvements 3,144,000 3,144,000
Subtotal 4: $3,250,000 $3,144,000
5. Total Development Costs

Subtotal 1+2+3+4: $8,536,370 $3,618,920 $0 $3,918,018
If this application seeks rehab credits only, in which there is no acquisition and no change in ownership, enter the greater of
appraised value or tax assessment value here: $0 Land
(Attach documentation at Tab K) $0 Building
2009 Page 19

W. OTHER OWNER COSTS
Contingency Reserve 320,460 0 0 320,460

(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Earthcraft 50,000 0 0 50,000
Survey 20,000 0 0 20,000
Travel Expenses 15,000 0 0 0
Lender Inspection Fees 10,000 0 0 10,000
Office Expenses 10,000 0 0 2,000
Tenant Relocation 45,000 0 0 45,000
Extra Security/Temp Labor 15,000 0 0 7,500
Davis Bacon Fees 144,428 0 0 144,432
Replacement Reserves 62,250 0 0 0
VHDA Application Fee 500 0 0 0
Financial Advisor 15,000 0 0 0
Capitalized Monitoring Fee 1,245 0 0 0
FF&E 30,000 0 0 30,000
0 0 0 0
VHDA TCAP/TCEP Admin Fee 28,932 0 0 0
0 0 0 0
Subtotal (Other Owner Costs) $767,815 $0 $0 $629,392
2009 Page 19A


"30 % Present Value Credit"
(C) Rehab/ (D)
New "70 % Present
Item (A) Cost (B) Acquisition Construction Value Credit"
5. Total Development Costs
Subtotal 1+2+3+4 8,536,370 3,618,920 0 3,918,018
6. Reductions in Eligible Basis
Subtract the following:

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

(or excess portion thereof)
D. Historic Tax Credit (residential portion) 0 0 0
7. Total Eligible Basis (5 minus 6 above) 3,618,920 0 3,918,018
8. Adjustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)

(i) For Earthcraft or LEED Certification AND 60 Bonus Points 0 195,901
(ii) For QCT or DDA (Eligible Basis x 30%) 0 979,504
Total Adjusted Eligible basis 0 5,093,423
9. Applicable Fraction 100.0000% 100.0000% 100.0000%
10. Total Qualified Basis (Same as Part IX-C) 3,618,920 0 5,093,423

(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 $118,701 $0 $458,408

(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $577,109
credit amount requested) Combined 30% & 70% P. V. Credit
2009 Page 20
B. Sources of Funds
1. Construction Financing: List individually the sources of construction financing, including any such
loans financed through grant sources:
Date of Date of Amount of

Source of Funds Application Commitment Funds Name of Contact Person
1. VHDA Taxable Mortgage $1,716,468 VHDA - John Hastings
2. Assumption of Section 515 Loan $2,154,318
3.
Commitments or letter(s) of intent attached (TAB T)
2. Permanent Financing: List individually the sources of all permanent financing in order of lien position:
Interest Amortization Term

Date of Date of Amount of Annual Debt Rate of Period of
Source of Funds Application Commitment Funds Service Cost Loan IN YEARS Loan (years)
1. VHDA Taxable Mortgage $1,716,468 $151,138 8.00% 30 0
2. Assumption Section 515 Loan $2,154,318 $83,150 1.00% 30 0
3. $0 0.00% 1000 0
4. $0 $0 0.00% 1000 0
5. $0 $0 0.00% 1000 0
6. $0 $0 0.00% 1000 0
Totals: $3,870,786 $234,288
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.
2. $0
3. $0
4. $0
5. $0
6. TCAP N/A N/A $500,000
Total Permanent Grants: $500,000

2009 Page 21
4. Portion of Syndication Proceeds Attributable to Historic Tax Credit

Amount of Federal historic credits $0 x Equity % $0.00 $0
Amount of Virginia historic credits $0 x Equity % $0.00 $0
6. Equity that Sponsor will Fund:

Cash Investment $0
Contributed Land/Building $0 Assessment Attached (TAB S)
Deferred Developer Fee $126,632
Other: $0
Equity Total $126,632
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $4,497,418
(not including syndication proceeds except for historic tax credits)
8. Total Development Cost $8,536,370

(From VIII-A5)
9. Less Total Sources of Funds (From B7 above) $4,497,418
10. Equals equity gap to be funded with low-income tax credit

proceeds (must equal IX-D3) $4,038,952
C. Syndication Information (If Applicable)
1. Actual or Anticipated Name of Syndicator

2. Contact Person Phone
3. Street Address
City State Zip
4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $4,038,952

b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.70
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.98%
d. Net credit amount anticipated by user of credits $576,993
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) $4,038,952
6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $577,109
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 69.99%
8. Syndication: Public or Private

9. Investors: Individual or Corporate
Syndication commitment or letter of intent attached (TAB U)
2009 Page 22
D. Recap of Federal, State, and Local Funds/Any Credit Enhancements
1. Are any portions of the sources of funds described above for the development financed directly or indirectly
with Federal, State, or Local Government Funds? Yes No
If yes, then check the type and list the amount of money involved.
Below-Market Loans Market-Rate Loans
Tax Exempt Bonds $0 Taxable Bonds $1,716,468

RD 515 $2,154,318 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 $500,000
This means grants to the partnership. If you received a loan financed by a locality which received one of the
listed grants, please list it in the appropriate loan column as "other" and describe the applicable grant program
which funded it.
2. Subsidized funding: list all sources of funding for points. Documentation Attached (TAB T)
Source of Funds Commitment date Funds

1. $0
2. $0
3. $0
4. $0
5. $0
3. Does any of your financing have any credit enhancement? Yes No

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

Section 8 Rent Supplement or Rental Assistance Payment
Tax Abatement
Other
5. Is HUD approval for transfer of physical asset required?

Yes No
E. For Transactions Using Tax-Exempt Bonds Seeking 4% Credits:

For purposes of the 50% Test, and based only on the data entered to this
application, the portion of the aggregate basis of buildings and land financed with
tax-exempt funds is: N/A
2009 Page 23
IX. ADDITIONAL INFORMATION
A. Extended Use Restriction
NOTE: Each recipient of an allocation of credits will be required to record an extended use agreement as required by the
IRC governing the use of the development for low-income housing for at least 30 years. However, the IRC provides
that, in certain circumstances, such extended use period may be terminated early.
This development will be subject to the standard extended use agreement which permits early
termination (after the mandatory 15-year compliance period) of the extended use period.
This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 25 additional years after the 15-
year compliance period for a total of 40 years. Do not select if IX.B is checked below.
This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 35 additional years after the 15-
year compliance period for a total of 50 years. Do not select if IX.B is checked below.
B. Nonprofit/Local Housing Authority Purchase Option/Right of First Refusal
1. After the mandatory 15-year compliance period, a qualified nonprofit as identified in the
attached nonprofit questionnaire, or local housing authority will have the option to purchase
or the right of first refusal to acquire the development for a price not to exceed the outstanding
debt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancing
is approved by the nonprofit. Do not select if extended compliance is selected in IX.A above.
Option or Right of First Refusal in Recordable Form Attached (TAB V)
Enter name of qualified nonprofit:
2. A qualified nonprofit or local housing authority submits a homeownership plan committing to

sell the units in the development after the mandatory 15-year compliance period to tenants whose
incomes shall not exceed the applicable income limit at the time of their initial occupancy.
Do not select if extended compliance is selected in IX.A above.
Homeownership Plan Attached (TAB J)
C. Building-by-Building Information (Complete page 25 as appropriate)
2009 Page 24
C. Building-by-Building Information Must Complete

Qualified basis must be determined on a building-by building basis. Complete the section below. Building street addresses are required by the IRS (must have them by the time of
allocation request).
NUMBER 30% Present Value 30% Present Value

OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
1. 8 0 301-308 Riverwood Drive $419,172 11/01/09 3.28% 13,749 $0 0.00% 0 $589,961 11/01/09 9.00% 53,097
2. 8 0 309-316 Riverwood Drive $419,172 11/01/09 3.28% 13,749 $0 0.00% 0 $589,961 11/01/09 9.00% 53,097
3. 8 0 317-324 Riverwood Drive $364,963 11/01/09 3.28% 11,971 $0 0.00% 0 $513,664 11/01/09 9.00% 46,230
4. 10 0 325-334 Riverwood Drive $331,845 11/01/09 3.28% 10,885 $0 0.00% 0 $467,053 11/01/09 9.00% 42,035
5. 7 0 335-341 Riverwood Drive $237,862 11/01/09 3.28% 7,802 $0 0.00% 0 $334,777 11/01/09 9.00% 30,130
6. 10 0 342-351 Riverwood Drive $331,845 11/01/09 3.28% 10,885 $0 0.00% 0 $467,053 11/01/09 9.00% 42,035
7. 8 0 352-359 Riverwood Drive $419,172 11/01/09 3.28% 13,749 $0 0.00% 0 $589,961 11/01/09 9.00% 53,097
8. 8 0 360-367 Riverwood Drive $364,963 11/01/09 3.28% 11,971 $0 0.00% 0 $513,664 11/01/09 9.00% 46,230
9. 8 0 369-376 Riverwood Drive $364,963 11/01/09 3.28% 11,971 $0 0.00% 0 $513,664 11/01/09 9.00% 46,230
10. 8 0 377-384 Riverwood Drive $364,963 11/01/09 3.28% 11,971 $0 0.00% 0 $513,664 11/01/09 9.00% 46,230
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
$3,618,920 $0 $5,093,423
$118,701 $0 $458,408
Qualified Basis Totals (must agree with VIII-A10)
Credit Amount Totals (must agree with VIII-A-12)
2009 Page 25
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) $8,536,370
2. Less Total Sources of Funds (from VIII-B7 page 22) $4,497,418
3. Equals Equity Gap $4,038,952
4. Divided by Net Equity Factor (VIII-C7 page 22) 69.99%

(Percent of 10-year credit expected to be raised as equity investment)
5. Equals Ten-Year Credit Amount Needed to Fund Gap $5,771,086
Divided by ten years 10
6. Equals Annual Tax Credit Required to Fund the Equity Gap $577,109
7. The Maximum Allowable Credit Amount $577,109

(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 6,953 Combined 30% & 70% PV Credit
Credit per Bedroom 3,541 $577,109

Comprised of
$118,701 and $458,408

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
2009 LIHTC SELF SCORE SHEET:
Self Scoring Process
This worksheet is intended to provide you with an estimate of your application score based on the selection criteria described in the
QAP. Most of the data used in the scoring process is automatically entered below as you fill in the application. Other items,
denoted below in the green shaded cells, are items that are typically evaluated by VHDA’s staff during the application review and
feasibility analysis. For purposes of self scoring, it will be necessary for you to make certain decisions and assumptions about your
application and enter the appropriate responses in the green shaded cells of this score sheet. All but two require yes/no responses,
in which case enter Y or N as appropriate. Item 2b pertaining to the Local CEO Letter will require one of the following responses: Y
– the letter indicates unconditional support; N – the letter indicates opposition to the project; NC – no comment from the locality, or
any other response which is neither unconditional support nor opposition. Item 5e1 requires a numeric value to be entered. Please
remember that the score is only an estimate based on the selection criteria using the reservation application data and the
responses you’ve entered on this score sheet. VHDA reserves the right to change application data and/or score sheet responses
where appropriate, which may change the final score.
MANDATORY ITEMS: Score

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

a. VHDA notification letter to CEO Y 0 or -50 0.00
b. Local CEO letter (Y,NC,N) NC 0 or 25 or 50 25.00
c. Location in a revitalization area N 0 or 30 0.00
d. Location in a Qualified Census Tract Y 0 or 5 0.00
e. Sec 8 or PHA waiting list preference Y 0 or 10 10.00
f. Subsidized funding commitments 0.00% Up to 40 0.00
g. Existing RD, HUD Section 8 or 236 program Y 0 or 20 20.00
h. Tax abatement or new project based rental subsidy (HUD or RD) Y 0 or 10 10.00
i. Census tract with <10% poverty rate, no tax credit units N 0 or 25 0.00
j. Development listed on the Rural Development Rehab Priority List Y 0 or 15 15.00
Total 80.00
3. DEVELOPMENT CHARACTERISTICS:
a. Unit size (See calculations below) Up to 100 96.84
b. Amenities (See calculations below) Up to 60 29.00
c. Project subsidies/HUD 504 accessibility for 5 or 10% of units N 0 or 50 0.00
or d. HCV payment standard/HUD 504 accessibility for 5 or 10% of units N 0 or 30 0.00
or e. HUD 504 accessibility for 4% of units Y 0 or 15 15.00
f. Proximity to public transportation N 0, 10 or 20 0.00
g. Development will be Earthcraft or LEED certified Y 0 or 30 30.00
h. VHDA Certified Property Management Agent Y 0 or 25 25.00
i. Units constructed to meet VHDA's Universal Design standards 0% Up to 15 0.00
j. Developments with less than 100 units Up to 20 6.80
Total 202.64
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 28.92% Up to 15 15.00
Total 15.00
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 83.25
b.2009
Cost per unit categories check spelling of Clerk's Office on pg 1. It must match Up to 75 30.73
Total exactly with the Jurisdiction names listed in the Application Manual. 113.99
7. BONUS POINTS: Locality AMI State AMI

a. Units with rents at or below 40% of AMI $53,300 $50,600 11% Up to 10 10.00
b. Units with rent and income at or below 50% of AMI 100% Up to 50 50.00
or c. Units with rents at or below 50% rented to tenants at or below 60% of AMI 100% Up to 25 0.00
or d. Units in Low Income Jurisdictions with rents <= 50% rented to tenants with <= 60% of AMI 100% Up to 50 0.00
e. Extended compliance 35 Years 40 or 50 50.00
or f. Nonprofit or LHA purchase option N 0 or 60 0.00
or g. Nonprofit or LHA Home Ownership option N 0 or 5 0.00
Total 110.00
500 Point Threshold - 9% Credits TOTAL SCORE: 621.63

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

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

High Sq.Ft. / BDRM 0 625 900 1,000
Low Sq.Ft. / BDRM 0 500 675 800
Project Sq.Ft. / BDRM 0 634 882 1,005
F-4 BDRM-G F-2 BDRM-TH F-3 BDRM-TH F-4 BDRM-TH

High Sq.Ft. / BDRM 0 0 0 0
Low Sq.Ft. / BDRM 0 0 0 0
Project Sq.Ft. / BDRM 0 0 0 0
1 ST ELD-EFF 1 ST ELD-1 BDRM 1 ST ELD-2 BDRM If you do not receive a numeric point value
High Sq.Ft. / BDRM 0 0 0 in the unit size calculations, please
Low Sq.Ft. / BDRM 0 0 0 check the values entered on page 8, C1.
Project Sq.Ft. / BDRM 0 0 0 These must be whole number numeric
Percentage of Units 0.00% 0.00% 0.00% values only. Also check page 7, item 3,
Points per Bedroom 0.00 0.00 0.00 the number of units must be either new,
adapt or rehab only. Combinations do
Total Unit Size Points: 96.84 not calculate correctly.
Amenities:
All units have:
a. 1.5 or 2 Bathrooms 0.00% 0.00
b. Community Room 5.00
c. Brick Walls 0.00% 0.00
d. Kitchen/Laundry Appl-Energy Star 5.00
e. Windows-Energy Star 5.00
f. Heat/AC-SEER-AFUE 10.00
g. Sub-metered water expense 0.00
h. Low flow faucets & showerheads 3.00
i. High speed cable, DSL, wireless internet 1.00
j. Water heaters meet EPA Energy Star requirements 0.00
Total 29.00
All elderly units have:
a. Front-control ranges 0.00
b. Emergency call system 0.00
c. Independent/suppl. heat source 0.00
d. Two eye viewers 0.00
Total 0.00
All rehab or adaptive reuse units:

b. Historic structure 0.00
Total amenities: 29.00
2009
$/SF = $116.63 Credits/SF = $9.16 Const $/unit = $26,663
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=600 600 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 0 634 882 1,005 0 0 0 0
NUMBER OF UNITS 0 27 32 24 0 0 0 0
PARAMETER-(COSTS=>25,000) 0 130,390 169,159 197,688 0 0 0 0

PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0 0
COST PARAMETER 0 130,390 169,159 197,688 0 0 0 0

PROJECT COST PER UNIT 0 73,923 102,820 117,217 0 0 0 0
PARAMETER-(CREDITS=>25,000) 0 11,242 14,585 17,045 0 0 0 0

PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0 0
CREDIT PARAMETER 0 11,242 14,585 17,045 0 0 0 0

PROJECT CREDIT PER UNIT 0 5,804 8,073 9,203 0 0 0 0
COST PER UNIT POINTS 0.00 10.57 11.34 8.83 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 28.32 30.98 23.94 0.00 0.00 0.00 0.00
TOTAL COST PER UNIT POINTS 30.73
TOTAL CREDIT PER UNIT POINTS 83.25
Cost Parameters - Elderly

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

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

Standard Parameter - low rise 0 130,390 169,159 197,688 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 0 130,390 169,159 197,688 0 0 0 0
Credit Parameters - Family

Standard Credit Parameter - low rise 0 11,242 14,585 17,045 0 0 0 0
Adjusted Credit Parameter 0 11,242 14,585 17,045 0 0 0 0
2009
$/SF = $116.63 Credits/SF = $9.16 Const $/unit = $26,663
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=600 600 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(25,000+)=3; REHAB(10,000-25,000)=4 3 match exactly with the Jurisdiction names
listed in the Application Manual.
ELDERLY
AVG UNIT SIZE 0 0 0 0 0 0 0
NUMBER OF UNITS 0 0 0 0 0 0 0
PARAMETER-(COSTS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0
COST PARAMETER 0 0 0 0 0 0 0
PROJECT COST PER UNIT 0 0 0 0 0 0 0
PARAMETER-(CREDITS=>25,000) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0
CREDIT PARAMETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0
COST PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FAMILY
AVG UNIT SIZE 0 634 882 1,005 0 0 0 0
NUMBER OF UNITS 0 27 32 24 0 0 0 0
PARAMETER-(COSTS=>25,000) 0 130,390 169,159 197,688 0 0 0 0

PARAMETER-(COSTS<25,000) 0 0 0 0 0 0 0 0
COST PARAMETER 0 130,390 169,159 197,688 0 0 0 0

PROJECT COST PER UNIT 0 73,923 102,820 117,217 0 0 0 0
PARAMETER-(CREDITS=>25,000) 0 11,242 14,585 17,045 0 0 0 0

PARAMETER-(CREDITS<25,000) 0 0 0 0 0 0 0 0
CREDIT PARAMETER 0 11,242 14,585 17,045 0 0 0 0

PROJECT CREDIT PER UNIT 0 5,804 8,073 9,203 0 0 0 0
COST PER UNIT POINTS 0.00 10.57 11.34 8.83 0.00 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 28.32 30.98 23.94 0.00 0.00 0.00 0.00
TOTAL COST PER UNIT POINTS 30.73
TOTAL CREDIT PER UNIT POINTS 83.25
Cost Parameters - Elderly

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

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

Standard Parameter - low rise 0 130,390 169,159 197,688 0 0 0 0
Adjusted Cost Parameter 0 130,390 169,159 197,688 0 0 0 0
Credit Parameters - Family

Standard Credit Parameter - low rise 0 11,242 14,585 17,045 0 0 0 0
Adjusted Credit Parameter 0 11,242 14,585 17,045 0 0 0 0
2009
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Location Map
TAB B
(Partnership or Operating Agreement)
Riverwood Preservation, L.P.
Riverwood
Riverwood Mark
Mark Carbone
Carbone
Preservation
Preservation GP,
GP, LLC
LLC 99.99%
99.99% Limited
Limited Partner
Partner
.01%
.01% General
General Partner
Partner
Related
Related Apartment
Apartment MRAP,
MRAP, LLC
LLC Tiki
Tiki Ventures
Ventures VA1,
VA1, LLC
LLC Affordable
Affordable Holdings,
Holdings, LLC
LLC
Preservation,
Preservation, LLC
LLC 16%
16%Member
Member 10%
10%Member
Member 5%
5%Member
Member
69%
69%Member
Member
The
The Related
Related Companies,
Companies, L.P.
L.P. Mark
Mark E.
E. Carbone
Carbone Matthew
MatthewFinkle
Finkle
100%
100%Member
Member 100%
100%Member
Member 100%
100%Member
Member
Akiim
Akiim Kiambu
Kiambu Barber
Barber Mark
Mark Lepselter
Lepselter Drew
Drew Sheinman
Sheinman Joseph
Joseph AA Baratta
Baratta Arthur
Arthur L.
L. Aidala
Aidala
51%
51%Member
Member 24.5%
24.5% Member
Member 12.25%
12.25% Member
Member 6.125
6.125 %
%Member
Member 6.125%
6.125% Member
Member
Stephen
Stephen M.
M. Ross
Ross Jeff
Jeff T.
T. Blau
Blau Bruce
Bruce A.
A. Beal
Beal Michael
Michael Brenner
Brenner
86.5%
86.5% Member
Member 88 %
% Member
Member 4.5%
4.5% Member
Member 1%
1%Member
Member
5/13/2009
TAB C
(VA SCC Certification)
TAB D
(Principal’s Previous Participation Certification)
Schedule A: List of all Tax Credit Developments for Each Principal to this Certification
Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits
under Section 42 of the IRC.
Stephen M. Ross Controlling G. P. of Proposed Project? Y

Principal's Name: Y or N
Non-
Controlling Low compliance
Name of Ownership Entity and Phone General Total Income Placed in Found? Y/N
Development Name/Location Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
West 105th Street IH Associate, LLC
211 West 105th Street, New York, NY Y 11 11 8/25/2000 not dated N
1 (212) 801-1000
321 East 21st Street Associates, LLC
321 East 21st Street, New York, NY Y 22 22 5/3/2007 2/20/2008 N
2 (212) 801-1000
95th IH Associates, LLC
95th Street Apartments, New York, NY Y 19 19 5/18/2000 5/3/2001 N
3 (212) 801-1000
Laguna Housing Partners, L.P.
Alice Court, Oakland, CA Y 27 27 1/27/2004 10/8/2004 N
4 (212) 801-1000
Amber Manor Limited Partnership
Amber Manor, DeKalb, IL Y 228 228 5/1/1997 4/3/1998 N
5 (212) 801-1000
Armory Plaza Preservation, L.P.
Armory Plaza, White Plains, NY Y 52 52 12/1/2007 12/30/2008 N
6 (212) 801-1000
Newport Housing Partners, L.P.
Bayview Landing, Newport Beach, CA Y 120 120 12/21/2005 7/28/2006 N
7 (212) 801-1000
Biscayne Apartments Associates, Ltd
Biscayne Woods Apartments, Leisure City FL Y 114 114 8/23/1994 12/5/1994 N
8 (212) 801-1000
CT Associates of Illinois, L.P.
Campbell Terrace Apartments, Chicago, IL Y 249 249 3/30/2004 12/31/2004 N
9 (212) 801-1000
Carousel Park Preservation, L.P.
Carousel Park, North Tonawanda, NY Y 162 162 5/1/2005 2/1/2006 N
10 (212) 801-1000
Cedarwood Associates of New York, L.P.
Cedarwood Apartments, Rochester, NY Y 206 206 6/25/2003 12/1/2003 N
11 (212) 801-1000
Homestead III Associates, Ltd
Colony Lakes, Homestead, FL Y 220 220 3/16/1995 10/20/1995 N
12 (212) 801-1000
Coronado Terrace Preservation, L.P.
Coronado Terrace, San Diego, CA Y 312 312 5/15/2002 2/19/2004 N
13 (212) 801-1000
Coyote Creek Housing Partners, L.P.
Coyote Creek, La Mirada, CA Y 161 161 4/29/1999 12/27/1999 N
14 (212) 801-1000
Mission Bay Housing Partners, L.P.
Crescent Cove, San Fransisco, CA Y 236 236 6/1/2007 12/21/2007 N
15 (212) 801-1000
Cutler Hammock Preservation, L.P.
Cutler Hammock, Miami, FL N 262 262 2/7/2007 11/9/2007 N
16 (212) 801-1000
Cutler Vista Preservation, L.P.
Cutler Vista, Miami, FL Y 216 216 8/31/2006 3/23/2007 N
17 (212) 801-1000
Ebony Gardens Preservation, L.P.
Ebony Gardens, Mt. Vernon, NY Y 144 144 11/16/2004 4/1/2005 N
18 (212) 801-1000
El Rancho Verde Preservation, L.P.
19
El Rancho Verde, San Jose, CA Y 700 700 7/31/2000 7/30/2002 N
(212) 801-1000
Elmwood Square Preservation, L.P.
Elmwood Square Apartments, Buffalo, NY Y 144 144 11/1/2004 6/1/2005 N
20 (212) 801-1000
Fillmore Marketplace, L.P.
Fillmore Marketplace, San Francisco, CA Y 120 120 12/28/1995 12/30/1997 N
21 (212) 801-1000
Fontana II Housing Partners, L.P.
Fountains at Sierra, Fontana, CA Y 93 93 3/23/2005 12/16/2005 N
22 (212) 801-1000
Fontana III Housing Partners, L.P.
Gardens at Sierra, Fontana, CA Y 93 93 5/31/2005 9/20/2006 N
23 (212) 801-1000
Gerard Court Associate, LLC
Gerard Court, Bronx, NY Y 126 126 6/1/2000 2/26/2001 N
24 (212) 801-1000
Related Club West Housing Assoicates, Ltd.
Golfside Villas, Miami, FL N 194 194 7/1/1999 2/16/2000 N
25 (212) 801-1000
Gurnee Housing Preservation, L.P.
Gurnee Housing Apartments, Haverstraw, NY Y 97 97 7/25/2007 7/10/2008 N
26 (212) 801-1000
Hainlin Mill Apartments Associates, Ltd
Hainlin Mill, Cutler Ridge, FL Y 144 144 12/15/1995 7/26/1996 N
27 (212) 801-1000
Normont Terrace, L.P.
Harbor Village, Harbor City, CA Y 400 400 4/28/1998 12/29/1999 N
28 (212) 801-1000
Anaheim Revitalization Partners, L.P.
Hermosa Village, CA Y 463 463 12/1/2000 7/16/2002 N
29 (212) 801-1000
Highgate Associates, L.P.
Highgate, Atlantic City, NJ Y 161 107 11/1/1993 4/27/1995 N
30 (212) 801-1000
Jackson Park Limited Partnership
Highlands Tudor Manor, Chicago, IL Y 87 87 1/1/2001 3/25/2002 N
31 (212) 801-1000
Related/LL Second & Central, LLC
Hikari, Los Angeles, CA Y 130 26 12/5/2006 3/17/2008 N
32 (212) 801-1000
Hillview Glen L.P.
Hillview Glen, San Jose, CA Y 138 138 7/5/1994 7/18/1995 Y - Corrected
33 (212) 801-1000
Humboldt Ridge I L.P.
34
Humboldt Ridge I, Chicago, IL Y 50 50 10/31/2001 10/25/2002 N
(212) 801-1000
Humboldt Ridge II L.P.
Humboldt Ridge II, Chicago, IL Y 50 50 12/24/2001 11/1/2002 N
35 (212) 801-1000
St. Stephens Housing Partners, L.P.
Jean C. McKinney Manor, San Diego CA Y 50 50 1/21/2005 12/21/2005 N
36 (212) 801-1000
Sawgrass Pines Associates, Ltd
Lake of Deerfield, Deerfield Beach, FL N 212 212 10/28/1994 2/7/1996 N
37 (212) 801-1000
Cudahy Gardens Preservation, L.P.
Las Brisas, Cudahy, CA Y 100 100 3/1/1999 3/22/2000 N
38 (212) 801-1000
Riverside Gardens Preservation, L.P.
Linden Manor, Riverside, CA Y 192 192 3/1/1999 3/22/2000 N
39 (212) 801-1000
Oakland Coliseum Housing Partners, L.P.
Lions Creek Crossing, Oakland, CA Y 115 115 12/20/2005 3/7/2007 N
40 (212) 801-1000
Madison Park Place Limited Partnership
Madison Park Place, Springfield, IL Y 150 150 3/31/2000 7/27/2001 N
41 (212) 801-1000
Madison Renaissance Development Ltd
Madison Renaissance, Chicago, IL N 30 30 12/31/1998 2/10/2000 N
42 (212) 801-1000
Watergate II Properties, L.P. 7/31/2004 &
Marina Vista Apartments, Buffalo, NY Y 195 195 3/11/2004 N
43 (212) 801-1000 12/31/2004
McCarthy Manor Preservation, L.P.
McCarthy Manor, Syracuse, NY Y 176 176 10/4/2007 7/20/2008 N
44 (212) 801-1000
Noble Tower Preservation, L.P.
Noble Tower, Oakland, CA Y 195 195 2/20/2003 10/18/2005 N
45 (212) 801-1000
Fresno Northpointe Limited, L.P.
Northpointe Apartments, Fresno, CA Y 406 406 8/1/1998 12/10/2000 N
46 (212) 801-1000
Oak Park Preservation, L.P.
Oak Park Apartments, Roselle, NJ Y 254 254 12/15/2005 8/1/2006 Y - Corrected
47 (212) 801-1000
Oak Village Preservation, L.P.
48
Oak Village, Oakland CA Y 117 117 12/31/2004 11/4/2005 N
(212) 801-1000
Ocean Park Acquisition, L.P.
Ocean Park Apartments, Far Rockaway, NY Y 600 600 2/1/2005 12/31/2005 N
49 (212) 801-1000
Upper East Lease Associates, LLC
One Carnegie Hill, NY, NY Y 455 53 6/1/2006 12/26/2007 N
50 (212) 801-1000
Middletown Overlook Preservation, L.P.
51
Overlook Apts., Middletown, NY Y 100 100 12/9/2007 11/10/2008 N
(212) 801-1000
Parkside Glen, L.P.
Parkside Glen, San Jose, CA Y 180 180 10/29/1998 12/28/1999 N
52 (212) 801-1000
South of Romneya Housing Partners, L.P.
Paseo Village, Anaheim, CA Y 176 176 5/29/1997 2/5/1999 N
53 (212) 801-1000
Pilgrim Woods Preservation, L.P.
Pilgrim Woods Apartments, Middletown, NY Y 150 150 11/17/2004 12/1/2005 N
54 (212) 801-1000
Union Square Limited Partnership
Poplar Place, Springfield, IL Y 284 284 12/31/2000 9/9/2002 N
55 (212) 801-1000
Aliso Village Housing Partners, L.P.
3/18/2003 3/22/2004
Pueblo Del Sol, Los Angelos, CA Aliso Village II Housing Partners, L.P. Y 377 377 N
7/25/2003 10/18/2005
56 (212) 801-1000
Ninth Square Project L.P.
Residences at Ninth Square, New Haven, CT Y 335 193 11/24/1993 12/30/1993 N
57 (212) 801-1000
River Court Associates, LLC
River Court, Bronx, NY Y 126 126 1/1/2000 3/13/2001 N
58 (212) 801-1000
Riverhead Village Preservation, L.P.
River Pointe Apts., Riverhead, NY Y 135 135 8/1/2006 3/26/2007 N
59 (212) 801-1000
Riverwalk I Preservation, L.P.
Riverwalk I Apartments, Miami, FL N 123 123 3/20/2008 3/17/2009 N
60 (212) 801-1000
Homestead Apartments Associates II, Ltd.
Riverwalk II, Homestead, FL N 112 112 9/1/1993 12/21/1993 N
61 (212) 801-1000
New Southtown Limited Partnership
Riverwest, Peoria, IL Y 153 153 4/23/2001 3/28/2003 N
62 (212) 801-1000
Roosevelt Square I, L.P.
Roosevelt Square, Chicago, IL Y 184 184 12/22/2005 10/11/2006 N
63 (212) 801-1000
Royal Coast Apartments Associates, Ltd
Royal Coast, Miami, FL Y 174 174 6/13/1995 1/30/1996 N
64 (212) 801-1000
KBF Related Amsterdam, L.P.
Sagamore, New York, NY Y 265 53 3/11/1998 6/2/1999 N
65 (212) 801-1000
Santa Clara Apartments, Ltd.
Santa Clara Apartments, Miami, FL N 208 208 10/2/2003 11/5/2004 N
66 (212) 801-1000
Sheridan Park Partners, L.P.
Sheridan Park Apartments, Chicago, IL Y 102 102 1/1/1996 5/5/1997 N
67 (212) 801-1000
Shiloh Village Associates, L.P.
Shiloh Village Apartments, Dallas TX Y 168 168 1/13/2004 12/15/2005 N
68 (212) 801-1000
South Port Mews Preservation, L.P.
South Main Apartments, Port Chester, NY Y 65 65 12/22/2004 11/1/2005 N
69 (212) 801-1000
Southern Hills Apartments / Orlando Apartments , Decatur Properties of Illinois, L.P.
Y 212 212 3/30/2004 12/17/2004 N
70 Decatur, IL (212) 801-1000
Plaza Manor Preservation, L.P.
Summercrest, National City, CA Y 372 372 3/22/2001 11/15/2002 N
71 (212) 801-1000
Miami Sunset Bay Apartments, L.P.
Sunset Bay, Miami, FL N 308 308 10/12/2001 8/22/2002 N
72 (212) 801-1000
Irondequoit Preservation, L.P.
Sycamore Green, Rochester, NY Y 195 195 7/18/2007 8/20/2008 N
73 (212) 801-1000
Congress Associates, Ltd
The Congress, Miami, FL N 129 129 2/4/1997 11/10/1999 N
74 (212) 801-1000
Rialto Housing Partners, L.P,
The Crossings, Rialto CA Y 100 100 8/16/2000 10/25/2001 N
75 (212) 801-1000
Related Broadway Development, LLC
The Lyric, New York, NY Y 285 71 12/1/2000 7/22/2004 N
76 (212) 801-1000
Related 96th Street Associates, L.P.
The Monterey, New York, NY Y 522 105 9/15/1992 9/12/1992 N
77 (212) 801-1000
Armory Place, LLC
The Sierra, New York, NY Y 213 44 5/1/2002 8/31/2004 N
78 (212) 801-1000
400 East 84th Street Associates, L.P.
The Strathmore, New York, NY Y 180 36 4/1/1997 6/24/1998 N
79 (212) 801-1000
23rd Chelsea Associates, LLC
The Tate, New York, NY Y 313 63 8/13/2002 8/2/2004 N
80 (212) 801-1000
20th and 7th Associates, LLC
The Westminster, New York, NY Y 254 52 2/1/2002 6/9/2003 N
81 (212) 801-1000
55th Clinton Associates, L.L.C.
The Westport, New York, NY Y 371 77 3/4/2004 3/28/2006 N
82 (212) 801-1000
Related Tiffany, L.P.
Tiffany Mews, Brooklyn, NY Y 70 70 10/1/1994 3/14/1995 N
83 (212) 801-1000
BPC Associates, L.P.
Tribeca Park, New York, NY Y 396 81 5/31/1999 6/19/2000 N
84 (212) 801-1000
Tribeca Equity Partners, L.P.
Tribeca Tower, New York, NY Y 440 88 12/31/1994 7/31/1995 N
85 (212) 801-1000
14th Street Associates, L.P.
Union Square South, New York, NY Y 240 52 7/1/1998 5/10/2000 N
86 (212) 801-1000
UC Associates of Illinois, L.P.
Universal City Apartments, Chicago, IL Y 160 160 12/15/2004 12/31/2005 N
87 (212) 801-1000
Vila Paseo Senior Residences, L.P.
Vila Paseo Senior Residences, Paso Robles, CA Y 110 110 1/1/2001 1/23/2008 N
88 (212) 801-1000
Santa Ana Heights Housing Project, L.P.
Village Heights, Santa Ana Heights, CA Y 75 75 4/30/1999 12/21/1999 N
89 (212) 801-1000
West Haverstraw Preservation, L.P.
Villages of West Haverstraw, Rockland County, NY Y 180 180 7/25/2007 8/5/2008 N
90 (212) 801-1000
Eastridge Partners, Ltd
Villas of Capri, Naples, FL Y 235 235 6/12/1997 12/19/1997 N
91 (212) 801-1000
Temple Edgeware Partners, L.P.
Vista Angelina, Los Angeles, CA Y 108 108 12/5/1995 1/6/1998 N
92 (212) 801-1000
Vista Terrace Hills Preservation, L.P.
Vista Terrace, San Ysidro, CA Y 262 262 12/12/2000 8/22/2002 N
93 (212) 801-1000
Walden Pond Associates, Ltd
Walden Pond, Miami, FL Y 290 290 10/20/1994 12/30/1994 N
94 (212) 801-1000
Walker Mews Preservation, L.P.
Walker Mews, Baltimore, MD Y 167 167 5/1/2008 2/10/2009 N
95 (212) 801-1000
Walnut Hill Preservation, L.P. 12/1/2003 &
Walnut Hill Apartments, Haverstraw, NY Y 180 180 5/22/2003 N
96 (212) 801-1000 1/31/2004
135th Street associates, L.P.
West 135 Street, New York, NY Y 9 9 2/4/1997 7/7/1998 N
97 (212) 801-1000
West Brickell Apartments, Ltd.
West Brickell, Miami, FL Y 130 130 4/30/1997 2/23/1998 N
98 (212) 801-1000
Willow Glen Housing Partners, L.P.
Willow Glen, San Jose, CA Y 135 135 2/5/2002 3/13/2003 N
99 (212) 801-1000
Winchester Gardens, Ltd
Winchester Gardens, Homestead, FL Y 117 117 4/10/1996 7/22/1996 N
100 (212) 801-1000
Westminster Housing Partners, L.P.
Windsor Court Stratford Place, Westminster, CA Y 86 86 5/31/2005 10/2/2006 N
101 (212) 801-1000
Golden Lake Housing Associates, Ltd.
Woodlake Apts., West Palm Beach, FL Y 224 224 5/8/1998 11/25/1998 N
102 (212) 801-1000
Lauderdale Lakes Associates, Ltd
Woodsdale Oaks, Lauderdale Lakes, FL N 172 172 12/20/1991 11/17/1992 N
103 (212) 801-1000
2nd PAGE TOTAL: 19,855 16,396
LIHTC as % of
GRAND TOTAL: 19,855 16,396 83% Total Unit
Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits under
Section 42 of the IRC.
Jeff T. Blau Controlling G. P. of Proposed Project? Y

Non-
General Total Income Placed in Found? Y/N
Development Name/Location Name of Ownership Entity and Phone Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7
(212) 801-1000
8 (212) 801-1000
9
(212) 801-1000
10 (212) 801-1000
11
(212) 801-1000
12 (212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15
(212) 801-1000
16 (212) 801-1000
17
(212) 801-1000
18
(212) 801-1000
19 (212) 801-1000
20 (212) 801-1000
21
(212) 801-1000
22 (212) 801-1000
23 (212) 801-1000
24
(212) 801-1000
25
(212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
29
(212) 801-1000
Hillview Glen L.P.
30
(212) 801-1000
31
(212) 801-1000
32
(212) 801-1000
33
(212) 801-1000
34 (212) 801-1000
35
(212) 801-1000
36
(212) 801-1000
37
(212) 801-1000
38
(212) 801-1000
39 (212) 801-1000 12/31/2004
40
(212) 801-1000
41
(212) 801-1000
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
46
(212) 801-1000
47
(212) 801-1000
Parkside Glen, L.P.
48
(212) 801-1000
49
(212) 801-1000
3/18/2003 3/22/2004
7/25/2003 10/18/2005
50 (212) 801-1000
51 (212) 801-1000
52
(212) 801-1000
53
(212) 801-1000
54
(212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57
(212) 801-1000
58
(212) 801-1000
59 (212) 801-1000
60
(212) 801-1000
61 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
62
(212) 801-1000
63 (212) 801-1000
64 (212) 801-1000
65
(212) 801-1000
66 (212) 801-1000
Related 96th Street Associates, L.P.
67
The Monterey, New York, NY Y 522 105 9/15/1992 9/12/1992 N
(212) 801-1000
Armory Place, LLC
68
(212) 801-1000
69
(212) 801-1000
70
(212) 801-1000
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77
(212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
80 (212) 801-1000
81 (212) 801-1000
82
(212) 801-1000
83
(212) 801-1000
84
(212) 801-1000
85
(212) 801-1000
86
(212) 801-1000 1/31/2004
87
(212) 801-1000
88 (212) 801-1000
89
(212) 801-1000
90
(212) 801-1000
91
(212) 801-1000
2nd PAGE TOTAL: 18,044 14,585
LIHTC as % of
Bruce A. Beal Controlling G. P. of Proposed Project? Y

Non-
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7
(212) 801-1000
8 (212) 801-1000
9
(212) 801-1000
10 (212) 801-1000
11
(212) 801-1000
12 (212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15
(212) 801-1000
16 (212) 801-1000
Ebony Gardens Preservation, L.P.
17
Ebony Gardens, Mt. Vernon, NY Y 144 144 11/16/2004 4/1/2005 N
(212) 801-1000
18
(212) 801-1000
Elmwood Square Preservation, L.P.
19
Elmwood Square Apartments, Buffalo, NY Y 144 144 11/1/2004 6/1/2005 N
(212) 801-1000
20
(212) 801-1000
21 (212) 801-1000
22 (212) 801-1000
23
(212) 801-1000
24 (212) 801-1000
25 (212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
29
(212) 801-1000
30
(212) 801-1000
31
(212) 801-1000
Hillview Glen L.P.
32
(212) 801-1000
33
(212) 801-1000
34
(212) 801-1000
35
(212) 801-1000
36 (212) 801-1000
37
(212) 801-1000
38
(212) 801-1000
39
(212) 801-1000
40
(212) 801-1000
41 (212) 801-1000 12/31/2004
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
46
(212) 801-1000
47
(212) 801-1000
48
(212) 801-1000
49
(212) 801-1000
Parkside Glen, L.P.
50
(212) 801-1000
51
(212) 801-1000
Pilgrim Woods Apartments, Middletown, NY Y 150 150 11/17/2004 12/1/2005 N
52 (212) 801-1000
3/18/2003 3/22/2004
7/25/2003 10/18/2005
53 (212) 801-1000
54 (212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57
(212) 801-1000
58
(212) 801-1000
59
(212) 801-1000
60
(212) 801-1000
61
(212) 801-1000
62 (212) 801-1000
63
(212) 801-1000
South Port Mews Preservation, L.P.
South Main Apartments, Port Chester, NY Y 65 65 12/22/2004 11/1/2005 N
64 (212) 801-1000
65 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
66
(212) 801-1000
67 (212) 801-1000
68 (212) 801-1000
69
(212) 801-1000
70 (212) 801-1000
Armory Place, LLC
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77
(212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
80
(212) 801-1000
81
(212) 801-1000
82
(212) 801-1000
83 (212) 801-1000
84 (212) 801-1000
85
(212) 801-1000
86
(212) 801-1000
87
(212) 801-1000
88
(212) 801-1000
89
(212) 801-1000 1/31/2004
90
(212) 801-1000
91 (212) 801-1000
92
(212) 801-1000
93
(212) 801-1000
94
(212) 801-1000
2nd PAGE TOTAL: 18,025 14,983
LIHTC as % of
Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits
under Section 42 of the IRC.
Michael Brenner Controlling G. P. of Proposed Project? Y
Non-
1 (212) 801-1000
2
(212) 801-1000
3
(212) 801-1000
4
(212) 801-1000
5 (212) 801-1000
6
(212) 801-1000
7 (212) 801-1000
8
(212) 801-1000
9 (212) 801-1000
10
(212) 801-1000
11 (212) 801-1000
12
(212) 801-1000
13
(212) 801-1000
14
(212) 801-1000
15 (212) 801-1000
16
(212) 801-1000
17
(212) 801-1000
18 (212) 801-1000
19 (212) 801-1000
20
(212) 801-1000
21 (212) 801-1000
22 (212) 801-1000
23
(212) 801-1000
24
(212) 801-1000
25
(212) 801-1000
26
(212) 801-1000
27
(212) 801-1000
28
(212) 801-1000
Hillview Glen L.P.
29
(212) 801-1000
30
(212) 801-1000
31
(212) 801-1000
32
(212) 801-1000
33 (212) 801-1000
34
(212) 801-1000
35
(212) 801-1000
36
(212) 801-1000
37
(212) 801-1000
38 (212) 801-1000 12/31/2004
39
(212) 801-1000
40
(212) 801-1000
41
(212) 801-1000
42
(212) 801-1000
43
(212) 801-1000
44
(212) 801-1000
45
(212) 801-1000
Parkside Glen, L.P.
46
(212) 801-1000
47
(212) 801-1000
3/18/2003 3/22/2004
7/25/2003 10/18/2005
48 (212) 801-1000
49 (212) 801-1000
50
(212) 801-1000
51
(212) 801-1000
52
(212) 801-1000
53
(212) 801-1000
54
(212) 801-1000
55
(212) 801-1000
56
(212) 801-1000
57 (212) 801-1000
58
(212) 801-1000
59 Decatur, IL
Y 212 212 3/30/2004 12/17/2004 N
(212) 801-1000
60
(212) 801-1000
61 (212) 801-1000
62 (212) 801-1000
63
(212) 801-1000
64 (212) 801-1000
Armory Place, LLC
65
(212) 801-1000
66
(212) 801-1000
67
(212) 801-1000
68
(212) 801-1000
69
(212) 801-1000
70
(212) 801-1000
71
(212) 801-1000
72
(212) 801-1000
73
(212) 801-1000
74
(212) 801-1000
75
(212) 801-1000
76
(212) 801-1000
77 (212) 801-1000
78
(212) 801-1000
79
(212) 801-1000
80
(212) 801-1000
81
(212) 801-1000
82
(212) 801-1000 1/31/2004
83
(212) 801-1000
84 (212) 801-1000
85
(212) 801-1000
86
(212) 801-1000
87
(212) 801-1000
2nd PAGE TOTAL: 17,036 13,994
LIHTC as % of
Mark E. Carbone Controlling G. P. of Proposed Project? N

Non-
General Income Placed in Found? Y/N
Development Name/Location Name of Ownership Entity and Phone Number Partner? (Y/N) Total Units Units Service Date 8609 Date (Explain Yes)
Biscayne Apartment Associates, Ltd
Biscayne Woods Apartments, Leisure City FL N 114 114 8/23/1994 12/5/1994 N
1 (212) 801-1000
Cutler Hammock Preservation, L.P.
Cutler Hammock, Miami, FL N 262 262 2/7/2007 11/9/2007 N
2 (212) 801-1000
Cutler Vista, Miami, FL N 216 216 8/31/2006 3/23/2007 N
3 (212) 801-1000
Overlook Apts., Middletown, NY N 100 100 12/9/2007 11/10/2008 N
4 (212) 801-1000
Pilgrim Woods Apartments, Middletown, NY N 150 150 11/17/2004 12/1/2005 N
5 (212) 801-1000
Irondequoit Preservation, L.P.
Sycamore Green, Rochester, NY N 195 195 7/18/2007 8/20/2008 N
6 (212) 801-1000
Villages of West Haverstraw, Rockland County, NY N 180 180 7/25/2007 8/5/2008 N
7 (212) 801-1000
Walnut Hill Apartments, Haverstraw, NY N 180 180 5/22/2003 N
8 (212) 801-1000 1/31/2004
2nd PAGE TOTAL: 1,397 1,397
LIHTC as % of
Matthew Finkle Controlling G. P. of Proposed Project? N

Non-
Name of Ownership Entity and Phone General Total Income Placed in Found? Y/N
Development Name/Location Number Partner? (Y/N) Units Units Service Date 8609 Date (Explain Yes)
Armory Plaza, White Plains, NY N 52 52 12/1/2007 12/30/2008 N
1 (212) 801-1000
Cutler Vista, Miami, FL N 216 216 8/31/2006 3/23/2007 N
2 (212) 801-1000
Riverwalk I Preservation, L.P.
Riverwalk I Apartments, Miami, FL N 123 123 3/20/2008 3/17/2009 N
3 (212) 801-1000
2nd PAGE TOTAL: 391 391
LIHTC as % of
GRAND TOTAL: 391 391 100% Total Unit
Schedule A: List of All Tax Credit Developments for Each Principal to this Certification
Complete the following, using separate page(s) as needed, for each principal. List all developments that have
received allocations of tax credits under Section 42 of the IRC.
Akiim Kiambu Barber Controlling G. P. of Proposed Project? N
Controlling Non-
General Total Low compliance
Name of Ownership Entity and Partner? Total Dev. Income Placed in 8609(s) Issue Found? Y/N
Development Name/Location Phone Number (Y/N) Units Units Service Date Date (Explain Yes)
1 None N/A N/A N/A N/A N/A N/A N/A
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
LIHTC as % of
1st PAGE TOTAL: 0 0 #DIV/0! Total Units
Mark Lepselter Controlling G. P. of Proposed Project? N
Controlling Non-
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
LIHTC as % of
Drew Sheinman Controlling G. P. of Proposed Project? N
Controlling Non-
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
LIHTC as % of
Joseph A. Baratta Controlling G. P. of Proposed Project? N
Controlling Non-
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
LIHTC as % of
Arthur L. Aidala Controlling G. P. of Proposed Project? N
Controlling Non-
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
LIHTC as % of
Riverwood
Riverwood Mark
Mark Carbone
Carbone
Preservation
Preservation GP,
GP, LLC
LLC 99.99%
99.99% Limited
Limited Partner
Partner
.01%
.01% General
General Partner
Partner
Related
Related Apartment
Apartment MRAP,
MRAP, LLC
LLC Tiki
Tiki Ventures
Ventures VA1,
VA1, LLC
LLC Affordable
Affordable Holdings,
Holdings, LLC
LLC
Preservation,
Preservation, LLC
LLC 16%
16%Member
Member 10%
10%Member
Member 5%
5%Member
Member
69%
69%Member
Member
The
The Related
Related Companies,
Companies, L.P.
L.P. Mark
Mark E.
E. Carbone
Carbone Matthew
MatthewFinkle
Finkle
100%
100%Member
Member 100%
100%Member
Member 100%
100%Member
Member
Akiim
Akiim Kiambu
Kiambu Barber
Barber Mark
Mark Lepselter
Lepselter Drew
Drew Sheinman
Sheinman Joseph
Joseph AA Baratta
Baratta Arthur
Arthur L.
L. Aidala
Aidala
51%
51%Member
Member 24.5%
24.5% Member
Member 12.25%
12.25% Member
Member 6.125
6.125 %
%Member
Member 6.125%
6.125% Member
Member
Stephen
Stephen M.
M. Ross
Ross Jeff
Jeff T.
T. Blau
Blau Bruce
Bruce A.
A. Beal
Beal Michael
Michael Brenner
Brenner
86.5%
86.5% Member
Member 88 %
% Member
Member 4.5%
4.5% Member
Member 1%
1%Member
Member
5/13/2009
TAB F
(Architect’s Certification)
Tab G
Relocation Assistance Plan

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

2) Scope of the renovation work;
3) Temporary relocation assistance and services to be offered;
4) Anticipated rents and rental policies after the renovation; and
5) Other measures planned to minimize construction impact
1) Contact Information
Owner/Developer
Name Riverwood Preservation, L.P.
Contact Person Jay Reinhard
Address 60 Columbus Circle
New York, NY 10023
Phone 212-801-1078
Management Company
Name F&W Management Corporation
Contact Person Valerie Jones
Address 368 Riverwood Drive
Colonial Beach, VA 22443
Phone 804-224-0901
2) Scope of the Renovation

The property will undergo a comprehensive renovation that will result in improved
comfort, safety and convenience for all residents. Some of the more significant work to
be performed to exterior and common areas will include: extending the existing roof
line; replacement of new doors; installation of new windows; resurfacing of parking area;
improved landscaping.
Individual apartments will also be significantly improved with such items as new kitchen
and bathroom cabinetry and countertops, new flooring, installation of new lighting, new
appliances, and painting. Replacement of existing kitchen and bathroom cabinetry will
require each resident to remove all of their belongings from their kitchen and bathrooms
prior to work beginning on their apartment. Furniture and belongings from rooms other
than the kitchen and bathroom need not be packed or moved. Packed-up kitchen and
bathroom items may be kept in unaffected rooms and closets for easy unpacking once
work is completed. Renovations in most apartments should take no more than four days
to complete. Management staff will inform each resident well in advance of the date
when their apartment is to be renovated to allow ample time for packing up belongings.
Renovations of individual apartments are scheduled to begin in Early 2010. Work shall
progress a building at a time, with all apartments completed in a building within two to
three weeks. All apartments in all buildings are scheduled for completion by end of 2010.
3) Temporary Relocation Assistance and Services to be Offered

Riverwood will not be vacated during renovation since the apartments will be livable
throughout the entirety of the construction. While specific apartments undergo
renovation during the day, the community room will be open to those tenants.
Construction will not proceed into the night.
Riverwood will also assist its residents in the packing of their kitchen and bathrooms by
providing packing materials such as cardboard boxes, tape, wrapping paper, etc.
Management staff will be available throughout this process to answer questions and
provide any assistance.
4) Anticipated Rents and Rental Policies After Renovation

The owner of Riverwood intends to maintain the affordability of the apartments by
renewing the Section 8 HAP Contract. Upon renovation, rents are anticipated to mark up
to market rent prices, which are approximately $610 for a one bedroom, $725 for a two
bedroom and $885 for a three bedroom. However, the resident-paid portion of the rent
will remain limited by the resident’s income pursuant to the section 8 program; thus, it is
not anticipated that the resident-paid portion of the rent will increase due to the
renovation of the property. There are no anticipated changes to rental policies after
renovation of the property has been completed.
5) Other Measures Planned to Minimize Construction Impact

To minimize disturbance and any anxiety residents may feel, management will endeavor
to keep all residents informed throughout the process. To address the needs of non-
English speaking residents, literature will be made available to them in the appropriate
language and interpreters will be provided. All affected residents will receive copies of
this renovation and relocation plan, current work will be highlighted in monthly
newsletters sent to all residents, and staff will be on site and available to assist residents
with questions or complaints as needed.
Construction crews will be responsible for maintaining a clean, safe site as they perform
their work. Construction work, particularly that which is loud or disturbing, will be
scheduled between 8AM-5PM and ample notice will be provided to all residents prior to
doing any work that requires access to their unit or otherwise affects them.
We will work to ensure that the renovation of the property causes as little inconvenience
to each resident as possible and are confident that each resident will be very happy with
the new Riverwood.
TAB H
(PHA/Section 8 Notification Letter)
TAB K
(Site Control Documentation)
TAB M
(Zoning Certification Letter)
TAB N
(Copies of 8609’s To Certify Developer Experience)
TAB Q
(Documentation of Rental Assistance)
TAB R
(Documentation of Operating Budget)
TAB S
(Documentation of Project Budget)
Riverwood Apartments - Colonial Beack VA
Proposed Scope/Budget
May 1, 2009
Unit
Item Quantity Cost Sub-Total
Apartments
Building Interiors
Bathrooms
Vanity 83 $425 $35,275
Painting 83 $125 $10,375
Bath Exhaust 83 $125 $10,375
Tubs & Surround 56 $1,200 $67,200
Flooring 83 $250 $20,750
Lighting upgrade 83 $100 $8,300
Kitchens
Cabinet Replacements 83 $2,400 $199,200
Counters 83 $300 $24,900
Refrigerators-EnergyStar 83 $495 $41,085
Stoves-EnergyStar 83 $455 $37,765
Dishwashers 83 $700 $58,100
Range Hood 83 $125 $10,375
Lighting Replacement 83 $100 $8,300
New GFI Outlet 83 $85 $7,055
Sinks-stainless steel sink 83 $150 $12,450
Faucets-single lever 83 $125 $10,375
Painting 83 $125 $10,375
New VCT flooring w/reducer strip 83 $250 $20,750
General Interior (BR/LR/DR)

Hot Water Heaters 83 $600 $49,800
Hard Wired Smoke Detectors 246 $120 $29,520
VCT Replacement 28 $3,500 $98,000
Interior Doors 105 $75 $7,875
Piping Repairs 83 $2,000 $166,000
Replace Unit Lighting-Hallway 166 $100 $16,600
AC replacement w/Heat Pump
1BR-SEER 14 27 $3,000 $81,000
2BR-SEER 14 32 $3,200 $102,400
3BR-SEER 14 24 $3,400 $81,600
Common Areas
Office Upgrade-Paint, Carpet 1 $20,000 $20,000
Community Room 1 $25,000 $25,000
Laundry Room upgrades - Paint / Flooring 1 $5,000 $5,000
Building Envelope
Breezeway Repairs 7 $3,500 $24,500
Blow in insultation 14 $3,000 $42,000
Extend Roof Lines 7 $2,500 $17,500
Entry Doors w/ hardware 83 $850 $70,550
Roofs 8 $12,000 $96,000
Exterior Lighting 1 $25,250 $25,250
Siding 140 $300 $42,000
Site Improvements
Site Fencing Lump Sum $5,000 $5,000
Landscaping Lump Sum $30,000 $30,000
Parking Lot-Repair Fill Pot Holes - Top Coat Lump Sum $120,487 $120,487
Window Replacement 329 $350 $115,150
Sliding Doors 60 $700 $42,000
Concrete-repair damaged walks and curbs Lump Sum $35,000 $35,000
83 $23,388 $1,941,237
Cost Breakdown per unit (83)

Building Interiors $11,571 $1,225,800
Common Areas $315 $50,000
Site Improvements $2,581 $347,637
Building Envelope $4,981 $317,800
$23,388 $1,941,237
General Conditions (6%) $116,474

Overhead (6%) $116,474
Profit (2%) $38,825
Total $2,213,010
Prepared by MPA 5/13/2009 Page 1

TAB W
(Original Attorney’s Opinion)
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
RIVERWOOD APARTMENTS
MARKETING PLAN FOR UNITS MEETING
ACCESSIBILITY REQUIREMENTS OF HUD SECTION 504
To carry out the goals set forth under this Plan, it is necessary to attract qualified
residents from varied social and economic levels for these specially adapted
units. Attraction of prospective residents will be accomplished by using a wide
variety of advertising techniques, which may include broadcasting media,
newspaper advertisements, brochures, signs, model apartments, open houses,
etc. All marketing attempts will include the appropriate Equal Housing logo,
slogan, or statement. Any qualified individual will have the opportunity to apply
for an apartment. Applications will be accepted and processed in a reasonable,
prompt, and courteous manner, without regard to race, color, religion, national
origin, sex, elderliness, familial status, or handicap.
Special marketing to a number of local agencies should help to attract the

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

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

201 N. Union Street, Suite 200
Alexandria, VA 22314
703-518-6142
Chesapeake Bay Agency On Aging

Montross, VA 22520
804-758-2386
Westmoreland County Social Service

18849 Kings Highway
Montross, VA 22520
804-493-9305
Westmoreland News
15885 Kings Highway, # B
Montross, VA 22520
804-493-8096
Westmoreland Co. Health Dept.

P.O. Box 303
Montross, VA 22520
804-493-1124
Tab Z
VHDA Locality Notification Information Form
Riverwood Apartments / Colonial Beach
Locality Notification Information Form
PART I - INSTRUCTIONS:
Section 42 (m)(1)(A)(ii) of the Internal Revenue Code requires allocating agencies to notify "the
Chief Executive Officer (CEO) or equivalent of the local jurisdiction within which the building is
located and provide such individual a reasonable opportunity to comment on the development."
VHDA uses information you provide in this form to comply with this requirement. If your
development overlaps two or more jurisdictions, you are required to submit this form for each.
New in 2009!
In addition to contacting the Locality CEO, VHDA will also be contacting the Mayor or Chairman
of the Board of Supervisors. It is probable that each position will have a separate mailing address.
Although VHDA prepares the documents sent to each locality, we rely on you, the
developer/Applicant, to provide us with key information, including the name of the locality having
jurisdiction over the development, names, addresses and salutations, as well as a summary of
basic development information.
If you already have a local support letter, you can include it with the application at TAB I.
However, you must still complete this form and submit it to VHDA or the application for this
development will be penalized 50 points!
For information about additional points associated with receiving a Support Letter from the local
jurisdiction, please refer to the Application Manual.
Developers seeking tax-exempt bond 4% credits or Non-Competitive 9% credits, should submit this
form at least 30 days prior to submission of the tax credit application.
50-Point Penalty:
Failure to complete and submit this form prior to 5:00 p.m. EST time on March 25, 2009 will result in a
50-point penalty (-50 points) for any application submitted in connection with the 2009
competitive tax credits.
Delivery of Electronic Copy of this form to VHDA:

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

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

PART II - CEO & JURISDICTION INFORMATION

Please read INSTRUCTIONS above carefully before completing the following sections.
A. Chief Executive Officer (CEO) Information
Name of CEO:
Valda J. Foulds
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: Town Manager

e.g. "City Manager", "Town Manager", "County Administrator", "Executive Officer",
"Chief Administrative Officer", etc.
Local Jurisdiction: Town of Colonial Beach
e.g. "City of…", "Town of…" or "[ ] County"
Mailing Address/P.O. Box: 18 North Irving Avenue
This is the mailing address of the CEO and may not always be the same as the
physical address of the courthouse, town hall, municipal building, city hall, etc.
Please double check the address before entering.
Suite/Room # (if applicable):
City: Colonial Beach
State: VA
Zip: 22443
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: Mrs.
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.
B. Mayor or Chairman of the Board of Supervisors Information
Name:
Frederick C. Rummage
First Name Middle Initial Last Name
Job Title: Mayor

"Mayor" or "Chairman of the Board of Supervisors"
Local Jurisdiction: Town of Colonial Beach
Mailing Address/P.O. Box: 18 North Irving Avenue
This is the street address for the Admnistrator. May be different from CEO address.
Please double check the address before entering.
Suite/Room # (if applicable):

City: Colonial Beach
State: VA
Zip: 22443
Be sure the zip code you pick up corresponds to the P.O. Box or street address
that you are using. Note: Zip codes for P.O. boxes are usually different from the zip
codes for the street addresses.
Salutation: The Honorable
e.g. "The Honorable", "Mr.", "Mrs.", "Ms.", "Rev.", etc.

C. Jurisdiction Detail
Circuit Court Clerk's office in which the deed to the property is or will be recorded: County of Westmoreland
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: 9904
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 1 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf

Planning District 17 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 28 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 99 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf
Local Planning/Zoning Contact Info:
Best Person to Contact: Laurie Mills

This is the person with whom you've previously spoken about the development and
whom can answer anticipated questions from the CEO.
Job Title: Temporary Zoning Administrator

e.g., "Director of Planning", "Planning Administrator", "Zoning Administrator", etc
Contact Phone: (804) 884-7506
PART III - DEVELOPMENT INFORMATION

Proposed Development Name: Riverwood Apartments
This is the marketing name of your development
Proposed Development Address: 368 Riverwood Drive Colonial Beach VA 22443
Street Address City State Zip
VHDA Tax Credit Pool: Rural
In the space below, give a brief description of the proposed development.

This aging affordable housing development will require substantial rehabilitation and preservation.
Development Type: (Family or Elderly) Family

Describe Architectural Style: Garden Style
Describe Exterior Finish: Wood & brick
Describe Community Facilities: Rental office/maintenance shop, community room, 2 laundry facilities, basketball court
1. Units:
Number of low-income units 83 # bedrooms 163
% Low-Income Units 100%
Number of new units 0 # bedrooms 0
Number of adaptive reuse units 0 # bedrooms 0
Number of rehabilitation units 83 # bedrooms 163
Total number of all units 83 Total # bedrooms 163
2. Floor Area:
Gross Residential Floor Area 65,913
Commercial Floor Area 0
Low-Income Floor Area 65,913
% Low-Income Unit Floor Area 100%
3. Number/Age of Buildings
Number of Buildings 11
Age of Building(s) 26 Number of stories: 1&2
4. Structural Features (check all that apply):

Row House/Townhouse Garden Apartments Slab on Grade
Detached Single-family Detached Two-family Basement
Elevator Crawl Space
5. Building Systems:
Describe Heating/AC System: Split system heat pump units, Forced air

PART IV - OWNER & SELLER INFORMATION
A. Owner Information
Owner Name: Riverwood Preservation, L.P. Phone: (212) 801-1078
Best Person to Contact: Jay Reinhard
Street Address: 60 Columbus Circle
City, State & Zip: New York NY 10023
City State Zip
Type of entity: Limited Partnership Other:

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

2. If an LLC - all members regardless of % interest
3. If a Corporation (public or private), Organization or Governmental Entity - officers who are directly responsible to
the Board of Directors (or equivalent) and any stockholder having a 25% or more interest
4. If a Trust - all persons having a 25% or more beneficial ownership interest in the assets of the trust
5. If an Individual (owner or otherwise) - anyone having a 25% or more ownership interest of the named individual
6. If Any Person that Directly or Indirectly Controls or Has the Power to Control a Principal
Names Phone Type of Ownership % Ownership
Stephen Ross (212) 801-1050 Member 81.36%
Jeffrey Blau (212) 801-1030 Member 11.58%
Bruce Beal (212) 801-1020 Member 6.48%
Michael Brenner (212) 801-1110 Member 0.58%
B. Seller Information:
Seller Name: Riverwood LP
Seller Phone: (540) 774-1641
Street Address: 3130 Chapparal Drive, Suite 200
City, State & Zip: Roanoke VA 24018
City State Zip
Is there an identity of interest between the seller and owner/applicant? Yes No If yes, complete
the following:
Nature of Identity of Interest (1):

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

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

Riverwood Apartments - 2009 VA

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Riverwood Apartments - 2009 VA

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2009 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

Tax Exempt Bonds

Virginia Housing Development Authority

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

2009 Submission Checklist

VHDA TRACKING NUMBER 2009-Z-077

A. Development Name and Location:

14. Location Map Attached (TAB A)

2. Credits requested from:

Tax Exempt Bonds

This development will receive federal subsidies for:

D. Type(s) of Allocation/Allocation Year

E. Acquisition Credit Information

Ten-Year Rule For Acquisition Credits

F. Rehabilitation Credit Information

Minimum Expenditure Requirements

II. OWNERSHIP INFORMATION

Must be an individual or legally formed entity

Federal I. D. No. 26-2982709 (If not available, obtain prior to Allocation)

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

C. Development Team Information:

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

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

3. Consultant: None Related Entity? Yes No

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

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

6. Architect: Richard J. Funk Related Entity? Yes No

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

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

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

1. Nonprofit Involvement (All Applicants)

4. Identity of Nonprofit (All nonprofit applicants)

(Contact Person) (Street Address)

(City) (State) (Zip code)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)

III. DEVELOPMENT INFORMATION

A. Structure and Units:

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

Row House/Townhouse Detached Single-family

5. Unheated Floor Area (Breezeways, Balconies, Storage) 2,257.00 (Sq. ft.)

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

8. Number of Buildings (containing rental units) 10

9. Commercial Area Intended Use: NA

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

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

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

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

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

Earthcraft or LEED Development Certification

LEED Accredited Design Team Member

Universal Design - Units Meeting Universal Design Standards

VHDA Certified Property Management Agent

IV. TENANT INFORMATION

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

Units Provided Per Household Type:

B. Special Housing Needs/Leasing Preference:

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

V. LOCAL NEEDS AND SUPPORT

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

VI. SITE CONTROL