Low-Income Housing Tax Credit Application For Reservation

B. Sources of Funds

1. Construction Financing: List individually the sources of construction financing, including any such
loans financed through grant sources:

Date of Date of Amount of

Source of Funds Application Commitment Funds Name of Contact Person
1. VHDA $8,100,000
2. $0
3. $0

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

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

Interest Amortization Term

Date of Date of Amount of Annual Debt Rate of Period of
Source of Funds Application Commitment Funds Service Cost Loan IN YEARS Loan (years)
1. VHDA Perm $2,510,000 $236,139 9.00% 35 35
2. VHDA SPARC $1,500,000 $102,030 5.95% 35 35
3. FCHC Equity (Soft Pay) $1,359,150 $1,359 0.00% 1000 999
4. FC AHTF (Soft Pay) $95,000 $95 0.00% 1000 999
5. FC Pass Through (Soft Pay) $2,800,000 $2,800 0.00% 1000 999
6. $0 $0 0.00% 1000 999

Totals: $8,264,150 $342,423

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

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

Date of Date of Amount of

Source of Funds Application Commitment Funds Name of Contact Person
1.
2. $0
3. $0
4. $0
5. $0
6. TCAP N/A N/A $2,065,125

Total Permanent Grants: $2,065,125

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

2009 Page 21