915 Caldwell

Print - APP09-0105
Print Preview - Preliminary

Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans
Project Description
Project Name: 915 Caldwell
Address: 915 Caldwell
City: Charlotte County: Mecklenburg Zip: 28206
Census Tract: 6 Block Group: 2001
Is project in Qualified Census Tract or Difficult to Develop Area? Yes

Are you requesting the basis boost under section II(E)(4) of the QAP?
Political Jurisdiction: The City of Charlotte

First:Pat Last:
Jurisdiction CEO Name: Title: Mayor
McCrory
Jurisdiction Address: 600 East Fourth Street
Jurisdiction City: Charlotte Zip: 28202-2839
Jurisdiction Phone: (704)336-2241
Site Latitude: 35.2311
Site Longitude: -80.8287
Project Type: New Construction
Is this project a previously awarded tax credit

development?
New Construction/Adaptive Reuse:

Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No
If yes, list names of previous phase(s):

Rehab:
Number of residents holding Section 8
vouchers:
Will the project meet Energy Star standards as defined in Appendix B? Yes
Does a community revitalization plan exist? No

Will the project use steel and concrete construction and have at least 4 stories? No
https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (1 of 22)4/8/2009 1:42:15 PM

Print - APP09-0105
Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:
Target Population:Elderly (62)

Will the project be receiving project based federal rental assistance? Yes
If yes, provide the subsidy source: HUD and number of units: 58

Print - APP09-0105
Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: Charlotte Housing Authority
Address: 1301 South Boulevard
City: Charlotte State: NC Zip: 28206

Contact: First: Jeff Last:Meadows Title:Sr. Development Officer
Telephone: (704)353-0324
Alt Phone:
Fax: (704)336-7767
Email Address: jmeadows@cha-nc.org

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

Print - APP09-0105
Site Description
Total Site Acreage: 1.994 Total Buildable Acreage: 1.994

If buildable acreage is less than total acreage, please explain:
Identify utilities and services currently available (and with adequate capacity) for this site:
Storm Sewer Water Sanitary Sewer Electric
Is the demolition of any buildings required or planned? No

If yes, please describe:
Are existing buildings on the site currently occupied? No

If yes:
(a) Briefly describe the situation:
(b) Will tenant displacement be temporary?

(c) Will tenant displacement be permanent?
Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:
Is any portion of the site located inside the 100 year floodplain? No
If yes:
(a) Describe placement of project buildings in relation to this area:

Print - APP09-0105
(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:

Print - APP09-0105
Site Control
Does the owner have fee simple ownership of the property (site/buildings)?Yes
If yes provide:
Purchase Date: 10/18/2004 Purchase Price: 1,325,000
If no:
(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?
(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for
purchase of the property and the seller of the property?
If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase:
(D) Enter Purchase Price:

Print - APP09-0105
Zoning
Present zoning classification of the site:MUDD and MUDD (CD)
Is multifamily use permitted?Yes
Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No
If yes, have the hearings been completed and permits been obtained?
If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for
obtaining them:
Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:
Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:

Print - APP09-0105
Ownership Entity
Owner Name: 915 Caldwell, LLC

City: Charlotte State:NC Zip: 28203
Federal Tax ID Number of Ownership Entity: (If assigned)

Note: Do not submit social security numbers for individuals.
Entity Type: Limited Liability Company
Entity Status: To Be Formed
Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes
Is the applicant requesting that the Agency treat the application as CHDO sponsored? No
List all general partners, members,and principals. Specify nonprofit corporate general partners or members.
Click [Add] to add additional partners, members, and principals.
Org: Horizon Development Properties, Inc.

First Name: Charles Last Name: Woodyard Function: Principal
Phone: (704)336-5221 Fax: (704)336-7767
EMail: cwoodyard@cha-nc.org Nonprofit: Yes
Org: Charlotte Housing Authority

First Name: Charles Last Name: Woodyard Function: Principal
Phone: (704)336-5221 Fax: (704)336-7767
EMail: cwoodyard@cha-nc.org Nonprofit: Yes

Print - APP09-0105
Unit Mix
The Median Income for Mecklenburg county is $66,500.
Low Income Units
Total # Monthly Utility Mandatory **Total

Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.
Gdn Apt 1 712 6 0 598 84 0 682
Gdn Apt 1 682 4 0 598 84 0 682
Gdn Apt 1 607 17 5 598 84 0 682
Gdn Apt 1 686 4 0 598 84 0 682
Gdn Apt 1 633 27 0 598 84 0 682
Gdn Apt 1 633 42 0 278 84 0 362
Utilities included in rents: Water/Sewer Electric Gas Other
Employee Units (will add to Low Income Unit total)

Market Rate Units

Statistics
All Gross Monthly

Units Units Rental Income
Low Income....... 100 5 46360
Market Rate.......
Totals............... 100 5 46360
Proposed number of residential buildings: 1 Maximum number of stories in buildings: 4
Project Includes:
Separate community building - Sq. Ft. (Floor Area):

Print - APP09-0105
Community space within residential bulding(s) - Sq. Ft. (Floor Area):

22,759
Elevators - Number of Elevators: 2
Square Footage Information
Gross Floor Square Footage: 88,233
Total Net Sq. Ft. (All Heated Areas): 86,371
Indicate below any additional targeting for special populations proposed for this project:
Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and
state codes.)
Number of Units: 10
Number of Units Required: 10
Persons with disabilities or homeless populations.
Number of Units: 10
Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.

Print - APP09-0105
Targeting
Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to
create another row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.
# BRs Units %
1 58 targeted at 60 percent of median income affordable to/occupied by
1 42 targeted at 30 percent of median income affordable to/occupied by
Total Low Income Units: 100
Note: This number should match the total number of low income units in the Unit Mix section.

Print - APP09-0105
Funding Sources
Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service
Bank Loan
RPP Loan
Local Gov. Loan - Specify:

800,000 ✔ 1.00 30 30
Housing Trust Fund (HTF)
RD 515 Loan
RD 538 Loan - Specify:
AHP Loan
Other Loan 1 - Specify:

673,328 ✔ 5.00 30 30
Charlotte Housing Authority
Tax Exempt Bonds
State Tax Credit(Loan) 1,443,891 0 30 30 0
State Tax Credit(Direct Refund)
Equity: Federal LIHTC 9,616,914
Non-Repayable Grant
Equity: Historic Tax Credits
Deferred Developer Fees
Owner Investment
Other - Specify:
Total Sources** 12,534,133
* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
Estimated pricing on sale of Federal Tax Credits: $0. 74
Remarks concerning project funding sources:

(Please be sure to include the name of the funding source(s))

Print - APP09-0105
HTF Funding is anticipated by May 2009. This loan is proposed as an interest only loan at 1%.
CHA Loan is proposed at 5% cash flow contingent and/or accruing.
Loans with Variable Amortization

Please fill in the annual debt service as applicable for the first 20 years of the project life.
Local Gov. Loan - Housing Trust Fund (HTF)
1 2 3 4 5 6 7 8 9 10
Year:
Amt: 8000 8000 8000 8000 8000 8000 8000 8000 8000 8000
11 12 13 14 15 16 17 18 19 20
Year:
Amt: 8000 8000 8000 8000 8000 8000 8000 8000 8000 8000
Other Loan 1 - Charlotte Housing Authority
Year: 1 2 3 4 5 6 7 8 9 10
Amt: 33666 33666 33666 33666 33666 33666 33666 33666 30000 26000
11 12 13 14 15 16 17 18 19 20
Year:
Amt: 21500 16600 11700 6500 900 0 0 0 0 0

Print - APP09-0105
Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only) 0
2 Demolition (Rehab / Adaptive Reuse only) 0 0
3 On-site Improvements 1,400,000 1,400,000
4 Rehabilitation 0 0
5 Construction of New Building(s) 6,627,980 6,627,980
6 Accessory Building(s) 0 0
7 General Requirements (max 6% lines 2-6) 474,000 474,000
8 Contractor Overhead (max 2% lines 2-7) 158,000 158,000
9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 474,000 474,000
10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 345,000 345,000
11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 162,020 162,020
12 Architect's Fee - Inspection 25,000 25,000
13 Engineering Costs 150,000 150,000
SUBTOTAL (lines 1 through 13) 9,816,000
14 Construction Insurance (prorate) 30,383 15,000
15 Construction Loan Orig. Fee (prorate) 55,000
16 Construction Loan Interest (prorate) 150,000 77,000
17 Construction Loan Credit Enhancement (prorate) 0
18 Construction Period Taxes (prorate) 50,000 50,000
19 Water, Sewer and Impact Fees 0
20 Survey 15,000 15,000
21 Property Appraisal 10,000 10,000
22 Environmental Report 45,000 45,000
23 Market Study 10,000 10,000
24 Bond Costs 0
25 Bond Issuance Costs 0
26 Placement Fee 0
27 Permanent Loan Origination Fee 0
28 Permanent Loan Credit Enhancement 0

Print - APP09-0105
29 Title and Recording 15,000
SUBTOTAL (lines 14 through 29) 380,383
30 Real Estate Attorney 105,000 105,000
31 Other Attorney's Fees 25,000 25,000
32 Tax Credit Application Fees (Preliminary and Full) 2,300
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 83,150
34 Cost Certification / Accounting Fees 29,300 29,300
35 Tax Opinion
36 Organizational (Partnership)
37 Tax Credit Monitoring Fee 70,000
SUBTOTAL (lines 30 through 37) 314,750
38 Furnishings and Equipment 165,000 80,250
39 Relocation Expense 0
40 Developer's Fee 800,000 800,000
41 Additional Contigency (greater of $500/unit or $30,000) 30,000 30,000
42 Inspections, Building Permits 101,000
43 Other Basis Expense (specify)
44 Rent-up Expense 36,000
45 Other Non-basis Expense (specify)
46 Other Non-basis Expense (specify)
SUBTOTAL (lines 38 through 45) 1,132,000
47 Rent up Reserve 36,000
48 Operating Reserve 255,000
49 Social Services Sinking Fund 600,000
50 Other Reserve (specify)
51 DEVELOPMENT COST (lines 1-49) 12,534,133 0 11,107,550
52 Less Federally Funded Grant 0
53 Less Disproportionate Standard 0
54 Less Nonqualified Nonrecourse Financing 0
55 Less Historic Tax Credit 0 0
56 TOTAL ELIGIBLE BASIS 11,107,550 0 11,107,550
57 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

Print - APP09-0105
58 Basis Before Boost 11,107,550 0 11,107,550
59 Basis Boost of up to 130% 100.00% 130.00%
60 TOTAL QUALIFIED BASIS 14,439,815 0 14,439,815
61 Tax Credit Rate 3.50 9.00
62 Federal Tax Credits (maximum $1,300,000) 1,299,583 0 1,299,583
63 Federal Tax Credits Requested (if less than line 62) 0
64 Land Cost 0
65 TOTAL REPLACEMENT COST 12,534,133
FEDERAL TAX CREDITS IF AWARDED 1,299,583
Comments:
Project Development Cost per unit 66,280

Print - APP09-0105
Market Study Information

Please provide a detailed description of the proposed project:
The proposed elderly project will consist of 100 one-bedroom units in a mid-rise elevator building. The
design approach will include the following interior and exterior elements:
Comfortable, Accessible and Visitable Apartments with Good Storage and Furnishability; and
The Management Offices, Maintenance Shop, Resident Laundry Rooms, Informal Sitting Areas,
Congragate/Dining Hall with Warming Kitchen, Library, Common Lobbies per Floor will provide excellent
ability to provide residents a substantial level of service with an outstanding quality of life; and
Walking Trails, Resident Gardens, Outdoor Seating, and Picnic Area will encourage the residents
"Wellness"; and
Pedestrian links connect the site to the Center City through a network of sidewalks. The site is also a few
hundred feet from the proposed light rail system. An aerial photo located in the application package
illustrates these relationships to the proposed site; and
Site Plans, Elevations and Floor Plans included in the application package demonstrate the high quality
design included in this urban mid-rise building that blend within the context and character of the surrounding
neighborhood.
Construction (check all that apply):
Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches
Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding
Other:
See attached plans and elevations. The urban design is appropriate given the context of this urban infill site
at the edge of Charlotte's Central Business District commonly referred to as "Uptown". This prodcut will
compliment the existing 940 Brevard Senior apartments and the Historic Renovation of the Alpha Mill. Both
sites are adjacent to/across the street from the subject site.
Have you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
940 Brevard Senior Apartments is located 940 Brevard Street. 915 Caldwell is "not" a phase II of 940
Brevard. 915 Caldwell will be a stand alone project.
Site Amenities:
The proposed project will include: community space of approximately 22,759 square feet, Resident Garden
Plots, Walking Trails, Gazebo/Arbor, Picnic Area with Tables, Covered Drive Through and Drop Off at
Entry, Sitting Area, Game and Craft Room, Exercise Room, Exam Room, Library/Reading Room, Resident
Computer Room, TV Room, Vending Area and Storage Area.

Print - APP09-0105
Onsite Activities:
The Charlotte Housing Authority (CHA) will provide a variety of support services appropriate for the elderly
population through the CHA Moving Forward program. The Moving Forward program is a federal
demonstration program that focuses on service provision to promote self sufficiency and quality of life.
These services may include Nutrition Programs (Meals on Wheels or County On-site Food Program),
organized health activities such as exercise classes and health exams. Other services will be designed to
address expressed needs of the residents.
Landscaping Plans:
We have budgeted approxiamtely $110,000 for landscaping. Given that the site is relatively small this
budget will provide for a substantial landscaped environment. A concerted planning effort will be made to
blend the proposed site landscape with 940 Brevard and Alpha Mill by using similar plant materials and
planting patterns. This approach will establish a relationship between the properties in the newly
established neighborhood block over time as the landscapes mature over time.
Interior Apartment Amenities:

The apartments will include: Range, Hood, Dishwasher, Disposal, Refrigerator, Storage, Mini-blinds, Pantry,
Ceiling Fans, Walk-in Closets, Carpet, Vinyl, Alarm/Call System, and HVAC systems.
Do you plan to submit additional market data (market study, etc.) that you want considered? Yes
If yes, please make sure to include the additional information in your pre-application packet.

Print - APP09-0105
Applicant's Site Evaluation

Briefly describe your site in each of the following categories:
NEIGHBORHOOD CHARACTERISTICS
Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
CHA is leading a major redevelopment effort in the urban area surrounding the proposed site. A 2004
HOPE VI Grant for Piedmont Courts of $20M has been utilized to recreate this neighborhood area. The
HOPE VI Grant has directly and indirectly leveraged public and private resources in excess of $100M to
transform the built environment in the area. The revitalization effort has included the development of 940
Brevard Senior Apartments; Seigle Point Apartments; Seigle Point Townhomes; The Seigle Point
Community Center; McAden Apartments; Alpha Mills Apartments; redevelopment of the City Yards;
significant investments by the City of Charlotte for planning efforts and infrastructre including an adopted
small area plan; roads, utilities, stormwater and landscaping; moving industrial uses out of the area to
create and sustain the residential character of the neighborhood.
The site is also adjacent to the First Ward Neighborhood. First ward was also a revitalization effort
spearheaded by CHA in the 1990's that resulted in one of the City's most desirable neighborhoods with a
balance of affordable and market rate housing. CHA has won four revitalization grants and one demolition
grant (First Ward, Piedmont Courts, Arbor Glen and The Park at Oaklawn as well as Belvedere,
respectively) that have transformed each of the surrounding areas significantly. The award and the
successful execution of these grants demonstrates CHA's ability to deliver on projects. They also indicate
an endorsement by HUD and the City of Charlotte of CHA's redevelopment strategies.
The development of this site will fill an urban infill site providing another piece of revitalization effort. The
site of the proposed project is located between Caldwell and Brevard Streets and bound to the south by
12th Street, just outside Charlotte's uptown at the western edge of the Belmont Neighborhood and at the
southern most edge of the Optimist Park Neighborhood. The site is across Brevard Street from the Alpha
Mill, a late 19th Century textile mill that has been redeveloped (Completed in late 2007) into class A
apartments that has reached stabilized occupancy. Immediately north accross the newly reconfigured New
Calvine Street (A $1.45M City funded project that transformed a high speed connector road into a
neighborhood street with on street parking) is the 940 Brevard Seniors Apartments. 940 Brevard, a tax
credit project, was completed in late 2008 and is fully occupied with a waiting list of 26 and growing. The
2004 market study for the 940 project indicated demand for the senior low income product and the 940
project demonstrated that demand. 940 Brevard recieved its Certificate of Occupancy in late September
2008 and reached full occupancy by mid November 2008. The senior population in Charlotte continues to
grow particulary in the lower wealth population.
An aerial photo is included in the application package and demonstrates the relationships outlined above.
SURROUNDING LAND USES AND AMENITIES
Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution
facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,
sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. The land use pattern in the area is primarily multifmaily with some
single family, office and light industrial which is consistent with an urban area and is compatible with
residential development. The site is a few blocks from the center of the Central Business District (CDB) and
the services and amenities that come with an urban CBD. A set of rail road tracks is active on the opposite
side of the block from the site which are buffered by the Alpha Mill and 940 Brevard buildings. The building,
as indicated on the provided site plan, will be located on the site at the greatest distance from the RR tracks
possible and building techniques to be used will properly insulated the building. The City's Transit facility is
located accross Caldwell Street from the site and the buses are parked on the site. The dramatic shift lower
in site elevation brings the tops of the buses level with the street grade behind a retaining wall. The subject
site is the primary undeveloped site in the immediate area. The private investment in Alpha Mill and the
occucpnacy demand at 940 Brevard indicate the strength of the site's location and desirability to all economic
ranges. The introduction of additional senior product will blend with the existing environment well. Also of

Print - APP09-0105
note is the many churches that are located along North Tryon and in the Belmont and Optimist PArk
Neighborhoods which tend to be of particulary interest to the senior population. The is site is within close
proxmity to many goods and services as indicated below in the neighborhood feature section including a
public health clinic at the Hal Marshall Center and Presbyterian Hosptial to name a few of interest. Also note
that both the 940 Brevard and 915 Caldwell sites include +/- 1/2 acre sites for future developement of for sale
multifamily product. The sites will allow for 30 to 60 units to be developed as one project at a later date. The
future development will be at least three stories and no more than five in scale with the surrounding area.
SITE SUITABILITY
Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. The site is well connected to the transportation network through residential
streets, the Light Rail/Trolley (existing line three blocks away) and sidewalks as shown on the maps included
in the application package. The site is properly buffered from the 277 inner loop by 12th street and the
required set backs of the site's zoning category. However, this site will be highly visible to passing traffic
entering and exiting the uptown Central Business District and associated amenities. The project is planning
to include .5 parking spaces per unit given the elderly residents generally have fewer cars and tend to drive
less and generate less traffic and burden on the transportation network. The site will have two points of
ingress and egress both on residential oriented streets with adequate access and relatively low traffic.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large
boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
The proposed site does not have any negative features that would impede development. The site does
have a change in grade dropping approximately 10-15 feet from Caldwell Street toward Brevard Street.
However, this grade change is being used to the projects advantage to create a future development site
discussed below. Parking provided will exceed the zoning requirement. The site does not have any known
environmental issues.
Similarity of scale and aesthetics/architecture between project and surroundings.

The proposed 4 story mid-rise building at 915 Caldwell will compliment the exisitng urban oriented design of
the 4 story development at 940 Brevard and Alpha Mill. The proposed development will use brick, metal and
hardiplank in a similar method to blend and contrast with the existing environment. The color palate will also
be implemented in a fashion to distinguish the proposed devlopment's identity but not clash with the
exisiting character on the neighborhood.
For each applicable neighborhood feature, enter distance from project in miles.
.6 Grocery Store .3 Community/Senior Center
1.3 Mall/Strip Center 1.3 Hospital
.79 Outdoor Athletic .7 Pharmacy

Fields
.3 Day Care/After .2 Basic Health Care

School
.1 Public Transportation
.1 Schools
Stop
.25 Convenience Store .2 Public Parks

Print - APP09-0105
.62 Gas Station .6 Library
Other facilities or services:

The site location is a few blocks from Charlotte's Central Business District and affords the residents a full
compliment of services and entertainment opportunities. Museums, theathers, libraries, restaurants,
sporting events, concert halls and office buildings are within walkable distances from within a 1/2 mile to
about one mile. Charlotte' transportation center is about a 1/2 mile from the site offering access to the hub
of the Public Transit System. Only a site located in an expanding and vibrant urban condition offers such a
wide range of options and opportunities for services and amenities.

Print - APP09-0105
Preliminary App Checklist
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.
Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

915 Caldwell

Загружено:

Сведения о документе

Исходное описание:

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

915 Caldwell

Загружено:

Авторское право:

Доступные форматы

Print - APP09-0105

Print Preview - Preliminary

City: Charlotte County: Mecklenburg Zip: 28206

Census Tract: 6 Block Group: 2001

Is project in Qualified Census Tract or Difficult to Develop Area? Yes

Political Jurisdiction: The City of Charlotte

Jurisdiction City: Charlotte Zip: 28202-2839

Jurisdiction Phone: (704)336-2241

Site Latitude: 35.2311

Site Longitude: -80.8287

Project Type: New Construction

Is this project a previously awarded tax credit

New Construction/Adaptive Reuse:

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

Does a community revitalization plan exist? No

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (1 of 22)4/8/2009 1:42:15 PM

Target Population:Elderly (62)

If yes, provide the subsidy source: HUD and number of units: 58

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (2 of 22)4/8/2009 1:42:15 PM

City: Charlotte State: NC Zip: 28206

Email Address: jmeadows@cha-nc.org

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (3 of 22)4/8/2009 1:42:15 PM

Total Site Acreage: 1.994 Total Buildable Acreage: 1.994

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No

Are existing buildings on the site currently occupied? No

(b) Will tenant displacement be temporary?

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (4 of 22)4/8/2009 1:42:15 PM

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (5 of 22)4/8/2009 1:42:15 PM

Purchase Date: 10/18/2004 Purchase Price: 1,325,000

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

(D) Enter Purchase Price:

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (6 of 22)4/8/2009 1:42:15 PM

Is multifamily use permitted?Yes

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (7 of 22)4/8/2009 1:42:15 PM

Owner Name: 915 Caldwell, LLC

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

Org: Horizon Development Properties, Inc.

Phone: (704)336-5221 Fax: (704)336-7767

EMail: cwoodyard@cha-nc.org Nonprofit: Yes

Org: Charlotte Housing Authority

Phone: (704)336-5221 Fax: (704)336-7767

EMail: cwoodyard@cha-nc.org Nonprofit: Yes

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (8 of 22)4/8/2009 1:42:15 PM

Low Income Units

Total # Monthly Utility Mandatory **Total

Gdn Apt 1 712 6 0 598 84 0 682

Gdn Apt 1 682 4 0 598 84 0 682

Gdn Apt 1 607 17 5 598 84 0 682

Gdn Apt 1 686 4 0 598 84 0 682

Gdn Apt 1 633 27 0 598 84 0 682

Gdn Apt 1 633 42 0 278 84 0 362

Utilities included in rents: Water/Sewer Electric Gas Other

Employee Units (will add to Low Income Unit total)

Total # Monthly Utility Mandatory **Total

Utilities included in rents: Water/Sewer Electric Gas Other

Market Rate Units

Total # Monthly Utility Mandatory **Total

Utilities included in rents: Water/Sewer Electric Gas Other

All Gross Monthly

Low Income....... 100 5 46360

Totals............... 100 5 46360

Proposed number of residential buildings: 1 Maximum number of stories in buildings: 4