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INSTRUCTIONS FOR THE

VIRGINIA 2010 LIHTC APPLICATION FOR RESERVATION

This application was prepared using Excel, Microsoft Office 2003. Please note that using the active Excel
workbook does not eliminate the need to submit the required PDF of the signed hardcopy of the application and
related documentation. A more detailed explanation of application submission requirements is provided
below and in the Application Manual.

An electronic copy of your completed application is a mandatory submission item.

Applications For 9% Competitive Credits


Applicants should submit an electronic copy of the application either on CD or by email, or both, prior to the
application deadline, which is 2:00 PM Richmond Virginia time on March 12, 2010. Failure to submit an electronic
copy of the application by the deadline will cause the application to be disqualified.

Applications For Tax Exempt Bond Credits


Applicants should submit an electronic copy of the application either on CD or by email, or both, at the at the time
of application submission. Applications will not be processed until an electronic copy is received.

NEW in 2010
Applicants should submit all application materials in electronic format only beginning in 2010
There should be 6 distinct files saved to 1 or more CDs and should include the following:
1. Application For Reservation – the active Microsoft Excel workbook
2. A PDF file which includes the following:
- Application For Reservation – Signed version of hardcopy
- All application attachments (i.e. tab documents, excluding market study and plans & specs)
3. Market Study – PDF or Microsoft Word format
4. Plans - PDF or other readable electronic format
5. Specifications - PDF or other readable electronic format (may be combined into the same file as the
plans if necessary)
6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic format
Notes: -Do not submit any files on a flash drive.
-Do not submit any application materials via TaxCreditApps@VHDA.com or to any email
address unless
specifically requested by the VHDA Allocation Department staff.
Disclaimer:
VHDA assumes no responsibility for any problems incurred in using this spreadsheet or for the
accuracy of the calculations. Check your application for correctness and completeness before
submitting the application to VHDA.

Entering Data:
Enter numbers or text as appropriate in the blank spaces highlighted in yellow. All other cells are
protected and will not allow any changes. The format for cells has been set to accept text, currency,
percentages, etc. as appropriate. Enter any number without commas or dollar signs. Enter
percentages beginning with a decimal point. There is no text wrap-around feature, so care must be
taken to enter text so that it does not extend beyond the right margin of the page. Enter in only enough
text to fill one line and then drop to the first yellow cell of the next line. Each page of the application is a
separate sheet in the spreadsheet. The spreadsheet contains numerous error checks which are
designed to assist you in identifying potential mistakes in your application. Please note that these may
appear as you enter data because many are dependent on entries later in the application. Do not be
concerned with these messages until all data has been entered. Also note that some cells contain
error messages such as "#DIV/0!" before you begin. These warnings will disappear as you enter
numbers necessary to complete the application.

Assistance:
If you have any questions, please call Jim Chandler at (804) 343-5786, Dale Wittie at (804)
343-5876, Cara Wallo at (804) 343-5714, Jaynell McFarland at (804) 343-5733 or Debbie Griner
at (804) 343-5518. Please note that we cannot release the copy protection password.

Staff email addresses:


jim.chandler@vhda.com - dale.wittie@vhda.com
cara.wallo@vhda.com - jaynell.pittman-shaw@vhda.com - debbie.griner@vhda.com
v12.31.09 Instructions
2010 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
2:00 PM Richmond, VA Time On March 12, 2010

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

v12.31.09
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.

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)


Scanned Copy of the Signed Tax Credit Application with Attachments (excluding market study and plans & specs) (MANDATORY)
Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)
Electronic Copy of the Plans (MANDATORY)
Electronic Copy of the Specifications (MANDATORY)
Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)
$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 & Most Recent Real Estate Tax Assessment (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:
Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population
Documentation of site location in an urban development area as defined in §15.2-2223.1of the Code of Virginia
Documentation of the development participating in a locally adopted affordable housing dwelling unit program area as
described in either §15.2-2304 or §15.2-2305 of the Code of Virginia
Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal
Tab W: Attorney's Opinion (MANDATORY)
Tab X: (Reserved)
Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504

v12.31.09 Submission Checklist


Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2010-C-05


I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, March 8, 2010
the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:


1. Name of Development Lynchburg High Apartments
2. Address of Development 1301 Park Ave
(Street)
Lynchburg VA 24501
(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. 37.411567498/-79.47472605 37.410134351/-79.146254348
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 Lynchburg City (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. Census Tract the development is located in: 51680000600
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
7. Is the development located in a Difficult Development Area? No
8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note to #9: 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
10. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No

11. Is the development listed on the RD 515 Rehabilitation Priority List? Yes No
12. Is the proposed development located in an urban development area as defined in §15.2-2223.1of the Code of Virginia?
Yes No (If yes, attach required form in TAB U)
13. Will the proposed development participate in a locally adopted affordable housing dwelling unit program area as described in
either §15.2-2304 or §15.2-2305 of the Code of Virginia? Yes No (If yes, attach required form in TAB U)

14. Congressional District 6 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf


Planning District 11 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 23 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf
State House District 23 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

15. Location Map Attached (TAB A)

B. Project Description:
In the space provided below, give a brief description of the proposed project.
The Lynchburg High Apartments are located in the old Lynchburg High School. They consist of 40 elderly units and 34 family units.
The new renovation will reconfigure the original family uints AC and update each unit. The development has Section 8 rental assistance.

v12.31.09 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) $749,000

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 Richmond MSA Pool
Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool
Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geographic Areas)
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.
v12.31.09 Page 2
Low-Income Housing Tax Credit Application For Reservation

E. Acquisition Credit Information


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

Ten-Year Rule For Acquisition Credits


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

The 10-year rule in IRC Section 42 (d)(2)(B) for all buildings does not apply pursuant to IRC Section 42(d)(6).

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.

G. Request For Exception


The proposed new construction development (including adaptive reuse and rehabilitation that creates additional rental
space) is subject to an assessment of up to minus 20 points for being located in a pool identified by the Authority as a pool
with little or no increase in rent burdened population. N/A - Does not apply to this proposed development.
Applicant seeks an exception to this restriction in accordance with one of the following provisions under 13VAC10-180-60:
Proposed development is specialized housing designed to meet special needs that cannot readily be addressed
utilizing existing residential structures. Documentation Attached (TAB U)

Proposed development is designed to serve as a replacement for housing being demolished through
redevelopment. Documentation Attached (TAB U)

Proposed development is housing that is an integral part of a neighborhood revitalization project sponsored by
a local housing authority. Documentation Attached (TAB U)

v12.31.09 Page 3
Low-Income Housing Tax Credit Application For Reservation

II. OWNERSHIP INFORMATION

NOTE: VHDA may allocate credits only to the tax-paying entity which owns the development at the time of the allocation. The term "Owner" herein refers to that entity. Please
fill in the legal name of the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except those
involving the admission of limited partners) prior to the placed-in-service date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its
sole discretion. IMPORTANT: The Owner name listed on this page must match exactly the owner name listed on the Virginia State Corporation Commission
Certification.

Must be an individual or legally formed entity

A. Owner Information:
Name Lynchburg High LLC
Contact Person First: Jewell Middle: P. Last: Kitchen
Address 412 Madison St.
(Street)
Lynchburg VA 24504
(City) (State) (Zip Code)

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


Phone 434-847-9059 Fax 434-846-3164 Email address susiekitchen@ntelos.net
Type of entity: Limited Partnership Other LLC
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements & ownership structure chart) 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
LCF Housing LLC 434-847-9059 Managing Member 0.01%
Jewell Kitchen 434-847-9059 Member/Exec. Director LCF 99.99%
LCF, Inc (Jewell Kitchen Exe Dir.) 434-847-9059 Owner/GP of LCF 0.00%
Housing LLC 0.00%
0.00%
0.00%
0.00%
This should be 100% of the GP or managing member interest: 100.00%

** These should be the names of individuals who comprise the GP or managing members, not simply the names of
separate partnerships or corporations which may comprise those components.

Principals' Previous Participation Certification attached (Mandatory TAB D) & resumé.

B. Seller Information:
Name LCF and Associates, LP Contact Person Jewell Kitchen
Address 412 Madison St.
Lynchburg, VA 24504 Phone 434-847-9059

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
Lynchburg Covenant Fellowship, Inc. 434-847-9059 GP/LP 71.00%
Misc. Investor 434-847-9059 LP 29.00%
Jewell Kitchen (Exe Dir. LCF, Inc.) 434-847-9059 Exec. Director 0.00%
of LCF, Inc. 0.00%

v12.31.09 Page 4
Low-Income Housing Tax Credit Application For Reservation

C. Development Team Information:


Complete the following as applicable to your development team.

1. Tax Attorney: Related Entity? Yes No


Firm Name:
Address:
Phone: Fax:

2. Tax Accountant: Cherie James Related Entity? Yes No


Firm Name: Wall Einhorn
Address: 555 Main St. Norfolk, Va 23510
Phone: 757-533-4101 Fax:

3. Consultant: Ryne Johnson Related Entity? Yes No


Firm Name: Astoria, LLC Role: Development Consultant
Address: 3450 Lady Marian Ct.
Phone: 804-320-0585 Fax:

4. Management Entity (Contact): Jewell Kitchen Related Entity? Yes No


Firm Name: Lynchburg Covenant Fellowship
Address: 412 Madison St. Lynchburg, Va 24504
Phone: 434-847-9059 Fax:

5. Contractor (Contact): Bill Jamerson Related Entity? Yes No


Firm Name: J. E. Jamerson and Sons, Inc.
Address: 1540 Confederate Blvd. Appamattox, Va 24522
Phone: 434-352-8227 Fax:

6. Architect: Hal Craddock Related Entity? Yes No


Firm Name: Craddock Cunningham Architectural Partners
Address: 10 Ninth St. Lynchburg, Virginia 24504
Phone: 434-846-8456 Fax: 434-846-4534

7. Real Estate Attorney: Tracy Shaw Related Entity? Yes No


Firm Name: Edmunds & Williams, P.C.
Address: 828 Main St, Lynchburg Va 24504
Phone: 434-846-9000 Fax:

8. Mortgage Banker: Ryne Johnson Related Entity? Yes No


Firm Name: Astoria, LLC
Address: 3450 Lady Marian Ct. Midlothian, Va 23113
Phone: 804-320-0585 Fax:

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


Firm Name: Role:
Address:
Phone: Fax:

v12.31.09 Page 5
Low-Income Housing Tax Credit Application For Reservation

D. Nonprofit Involvement:

Applications For 9% Credits - Must be completed in order to compete in the nonprofit tax credit pool.
All Applicants - Must be completed for points for nonprofit involvement under the ranking system.

Tax Credit Nonprofit Pool Applicants: To qualify for the nonprofit pool, an organization described in IRC Section 501
(c)(3) or 501 (c)(4) and exempt from taxation under IRC Section 501 (a), whose purposes include the fostering of low-income housing:

1. Must "materially participate" in the development and operation of the project throughout the compliance period,
2. Must own all general partnership interests in the development .
3. Must not be affiliated with or controlled by a for-profit organization.
4. Must not have been formed for the principal purpose of competition in the nonprofit pool, and
5. Must not have any staff member, or member of the nonprofit's board of directors materially participate in the proposed project
as a for-profit entity.

All Applicants: To qualify for points under the ranking system, the nonprofit's involvement need not necessarily
satisfy all of the requirements for participation in the nonprofit tax credit pool.

1. Nonprofit Involvement (All Applicants)


If there is no nonprofit involvement in this development, please indicate by checking here:
and go on to part III
2. Mandatory Questionnaire
If there is nonprofit involvement, you must complete the Non-Profit Questionnaire
Questionnaire attached (Mandatory TAB E)

3. Type of involvement
Nonprofit meets eligibility requirement for points only, not pool or
Nonprofit meets eligibility requirements for nonprofit pool and points.

4. Identity of Nonprofit (All nonprofit applicants)


The nonprofit organization involved in this development is:
the Owner
the Applicant (if different from Owner)
Other
Lynchburg Covenant Fellowship, Inc.
(Name of nonprofit)
Jewell Kitchen 412 Madision St.
(Contact Person) (Street Address)
Lynchburg VA 24504
(City) (State) (Zip code)
434-847-9059
(Phone) (Fax)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)


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

v12.31.09 Page 6
Low-Income Housing Tax Credit Application For Reservation

III. DEVELOPMENT INFORMATION

A. Structure and Units:


1. Total number of all units in development 74
Total number of rental units in development 74 bedrooms 135
Number of low-income rental units 74 bedrooms 135
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: 99
Elevator Number of stories: 5
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 74 bedrooms 135

4. Total Floor Area For The Entire Development 104,203.14 (Sq. ft.)

5. Unheated Floor Area (Breezeways, Balconies, Storage) 6,530.13 (Sq. ft.)


6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)
(Not eligible for funding)
7. Total Usable Residential Heated Area 97,673.01 (Sq. ft.)

8. Number of Buildings (containing rental units) 1

9. Commercial Area Intended Use:

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

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


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

11. a. Total Net Rental Square Feet 70,376.01


b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 0.00%

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

Exterior Finish: Brick


Heating/AC System: 15 Seer Electric Heat Pump
Architectural Style: Beaux Arts

v12.31.09 Page 7
Low-Income Housing Tax Credit Application For Reservation
C. Amenities:

1. Specify the average size per unit type: (Including pro rata share of heated common area)
Assisted Lvg 0.00 SF 1Bdrm Eld 990.61 SF 3-Bdrm Gar 1,746.03 SF
1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 1,406.84 SF 4-Bdrm Gar 2,350.46 SF
1-Sty 1BR-Eld 0.00 SF Eff-Gar 0.00 SF 2+Sty 2BR TH 1,411.35 SF
1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 0.00 SF 2+Sty 3BR TH 1,780.16 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 1,384.26 SF 2+Sty 4BR TH 2,219.08 SF

2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
97,673.01 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)


100% a(1).Percentage of 2-bedroom units that have 1.5 bathrooms
100% 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
98% 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 cooled with either (i) heat pump equipment with both a
SEER rating of 15.0 or more and a HSPF rating of 8.5 or more , or (ii) air conditioning equipment
with a SEER rating of 15.0 or more, 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.

k. Every unit in the development will be heated and cooled with a geothermal heat pump that meets
EPA Energy Star qualified program requirements.
l. The development will have a solar electric system that will remain unshaded year round, be oriented
to within 15 degrees of true south, and be angled horizontally within 15 degrees of latitude.

Expected Total Electrical Load (kilowatt hours per month): 0


Percent of Expected Load Offset By Solar Electric System: 0.00%
v12.31.09 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 will be subject to federal project-based rent
subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons; and (ii) the greater of 5
units or 10% of the units will conform to HUD regulations interpreting accessibility requirements of section 504 of the
Rehabilitation Act; and be actively marketed to people with special needs in accordance with a plan submitted as part of the
Application. (All of the units described in (ii) above must include roll-in showers and roll under sinks and front controls for
ranges, unless agree to by the Authority prior to the applicant's submission of its application).

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 of
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, in
accordance with a plan submitted as part the Application.

For any non-elderly property in which at least four percent (4%) of the units conform to HUD regulations interpreting
accessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobility
impairments in accordance with a plan submitted as part of the Application.

Earthcraft or LEED Development Certification


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

Universal Design - Units Meeting Universal Design Standards


a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.
Yes No If Yes, attach appropriate documentation at TAB F
b. Number of Rental Units constructed to meet VHDA's Universal Design standards:
5 Units 7%

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:

v12.31.09 Page 9
Low-Income Housing Tax Credit Application For Reservation

IV. TENANT INFORMATION

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


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

Units Provided Per Household Type:


Income Levels Rent Levels
# of Units % of Units # of Units % of Units
8 10.81% 40% Area Median 8 10.81% 40% Area Median
66 89.19% 50% Area Median 66 89.19% 50% Area Median
0 0.00% 60% Area Median 0 0.00% 60% Area Median
0 0.00% Non-LMI Units 0 0.00% Non-LMI Units
74 100.00% Total 74 100.00% 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: 19 Number of units 26% 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: Lynchburg Redevelopment and Housing Authority
Contact person (Name and Title) Edward McCann, Exec Director
Phone Number 434-485-7200 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 1 or less bedrooms).
Yes
No

v12.31.09 Page 10
Low-Income Housing Tax Credit Application For Reservation

V. LOCAL NEEDS AND SUPPORT

Note: Please refer to the Application Manual for specific instructions and deadlines for pertaining to locality
notification of proposed Low income Housing Tax Credit developments.

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 L. Kimball Payne
Chief Executive Officer's Title City Manager
Street Address 900 Church St. Phone 434-455-3990
City Lynchburg State VA Zip 24504

Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Tom Martin, Director of Planning

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:

B. Project Schedule

ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract January 2010 Jewell Kitchen
Site Acquisition October 2010 Jewell Kitchen
Zoning Approval February 2010 Jewell Kitchen
Site Plan Approval February 2010 Jewell Kitchen
Financing
A. Construction Loan
Loan Application July 2010 Ryne Johnson
Conditional Commitment July 2010 Ryne Johnson
Firm Commitment October 2010 Ryne Johnson
B. Permanent Loan - First Lien
Loan Application July 2010 Ryne Johnson
Conditional Commitment July 2010 Ryne Johnson
Firm Commitment October 2010 Ryne Johnson
C. Permanent Loan-Second Lien
Loan Application
Conditional Commitment
Firm Commitment
D. Other Loans & Grants
Type & Source, List
Application
Award/Commitment
Formation of Owner January 2010 Tracey Shaw
IRS Approval of Nonprofit Status November 2009 Jewell Kitchen
Closing and Transfer of Property to Owner October 2010 Tracey Shaw
Plans and Specifications, Working Drawings November 2009 Hal Craddock
Building Permit Issued by Local Government October 2010 Hal Craddock
Start Construction October 2010 Hal Craddock
Begin Lease-up November 2010 Jewell Kitchen
Complete Construction July 2011 Hal Craddock
Complete Lease-Up August 2011 Jewell Kitchen
Credit Placed in Service Date January 2011 Jewell Kitchen
v12.31.09 Page 11
Low-Income Housing Tax Credit Application For Reservation

VI. SITE CONTROL

Note: Site control by the Owner identified herein is a mandatory precondition of review of this application. Documentary
evidence of it, in the form of either a deed, option, purchase contract, or lease for a term longer than the period of time the
property will be subject to occupancy restrictions must be included herewith. (9% Competitive Credits - An option or
contract must extend beyond the application deadline by a minimum of four months.)

Warning: Site control by an entity other than the Owner, even if it is a closely related party, is not sufficient. Anticipated
future transfers to the Owner are not sufficient. The Owner, as identified in Subpart II-A, must have site control at the
time this Application is submitted.

NOTE: If the Owner receives a reservation of credits, the property must be titled in the name of or leased by (pursuant to a
long-term lease) the Owner before the allocation of credits is made this year.

Contact us before you submit this application if you have any questions about this requirement.

A. Type of Site Control by Owner:

Applicant controls site by (select one and attach document - Mandatory TAB K)
Deed - attached
Long-term Lease - attached (expiration date: )
Option - attached (expiration date: 12/15/10 )
Purchase Contract - attached (expiration date: )

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

Most recent property tax assessment - Mandatory TAB K

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 12/15/10

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

C. Market Study Data:

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

Project Wide Capture Rate - LIHTC Units 3.20%


Project Wide Capture Rate - Market Units 0.00%
Project Wide Capture Rate - All Units 3.20%
Project Wide Absorption Period (Months) 7

v12.31.09 Page 12
Low-Income Housing Tax Credit Application For Reservation

C. Site Description

1. Exact area of site in acres 1.300

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. 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.
4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.

v12.31.09 Page 13
Low-Income Housing Tax Credit Application For Reservation

VII. OPERATING BUDGET

A. Rental Assistance
1. Do or will any low-income units receive rental assistance?
Yes No
2. If yes, indicate type of rental assistance:

Section 8 New Construction Substantial Rehabilitation


Section 8 Moderate Rehabilitation
Section 8 Certificates
Section 8 Project Based Assistance
RD 515 Rental Assistance
Section 8 Vouchers
State Assistance
Other:

3. Number of units receiving assistance: 70


Number of years in rental assistance contract: 20
Expiration date of contract: 20 year Annual Renewal
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 43 46 65 68
Air Conditioning Electric Owner x Tenant 0 17 17 40 42
Cooking Electric Owner x Tenant 0 4 4 8 10
Lighting Electric Owner x Tenant 0 14 14 25 28
Hot Water Gas Owner x Tenant 0 18 18 28 29
Water x Owner Tenant 0 0 0 0 0
Sewer x Owner Tenant 0 0 0 0 0
Trash x Owner Tenant 0 0 0 0 0
Total utility allowance for costs paid by tenant $0 $96 $99 $166 $177

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


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

v12.31.09 Page 14
Low-Income Housing Tax Credit Application For Reservation

C. Revenue
1. Indicate the estimated monthly income for the Low-Income Units: **
Total Number of Total Monthly
Unit Type Tax Credit Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 38 $18,240
2 Bedroom Units 17 $9,690
3 Bedroom Units 13 $7,917
4 Bedroom Units 6 $4,050
Total Number of Tax Credit Units 74

Plus Other Income Source (list): Laundry, cellular tower rental $4,799
Equals Total Monthly Income: $44,696
Twelve Months x12
Equals Annual Gross Potential Income $536,352
Less Vacancy Allowance ( 7.0% ) $37,545
Equals Annual Effective Gross Income (EGI) - Low Income Units $498,807

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

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

Plus Other Income Source (list): $0


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

Documentation in Support of Operating Budget attached (TAB R)

List number of units by type: TOTAL UNITS

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


0 0 38 2 0 0

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH


11 11 2 4 2 4

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 38 2 0 0

2 BD RM-GAR 3 BD RM-GAR 4 BD RM-GAR 2+Story 2 BR-TH 2+Story 3 BR-TH 2+Story 4 BR-TH


11 11 2 4 2 4

1 Story-EFF-ELD 1 Story-1 BR-ELD 1 Story-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 $ - $ -
v12.31.09 Efficiency - 40% 0 0.00 $ - $ - 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 $ - $ -


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

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

1-Bedroom Units
Net Rentable Monthly Rent Total
v12.31.09 Rent Targeting Number Units Square Feet Per Unit Monthly Rent Page 15
1 BR - 40% 4 553.87 $ 480 $ 1,920
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -

1 BR - 50% 4 534.90 $ 480 $ 1,920


1 BR - 50% 4 512.14 $ 480 $ 1,920
1 BR - 50% 1 693.28 $ 480 $ 480
1 BR - 50% 1 676.06 $ 480 $ 480
1 BR - 50% 1 706.15 $ 480 $ 480
1 BR - 50% 1 764.49 $ 480 $ 480
1 BR - 50% 1 735.23 $ 480 $ 480
1 BR - 50% 1 728.77 $ 480 $ 480
1 BR - 50% 1 650.02 $ 480 $ 480
1 BR - 50% 1 691.32 $ 480 $ 480
1 BR - 50% 1 765.70 $ 480 $ 480
1 BR - 50% 1 591.17 $ 480 $ 480
1 BR - 50% 1 626.05 $ 480 $ 480
1 BR - 50% 1 776.90 $ 480 $ 480
1 BR - 50% 0 0.00 $ - $ -

1 BR - 60% 1 883.46 $ 480 $ 480


1 BR - 60% 1 764.57 $ 480 $ 480
1 BR - 60% 1 532.87 $ 480 $ 480
1 BR - 60% 1 603.45 $ 480 $ 480
1 BR - 60% 1 737.21 $ 480 $ 480
1 BR - 60% 1 688.30 $ 480 $ 480
1 BR - 60% 1 623.83 $ 480 $ 480
1 BR - 60% 1 533.20 $ 480 $ 480
1 BR - 60% 1 764.73 $ 480 $ 480
1 BR - 60% 1 882.25 $ 480 $ 480
1 BR - 60% 1 785.71 $ 480 $ 480
1 BR - 60% 1 625.74 $ 480 $ 480
1 BR - 60% 1 636.70 $ 480 $ 480
1 BR - 60% 1 813.23 $ 480 $ 480
1 BR - 60% 0 0.00 $ - $ -
Total 1-BR Total Monthly 1-BR
Tax Credit Units: 38 24,684.03 Tax Credit Rent: $ 18,240

1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
Total 1-BR
Market Units: 0 0.00 Total Monthly
1-BR Market Rent: $ -
v12.31.09 Page 15
Total 1-BR Units: 38 Total 1-BR Rent $ 18,240

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

2 BR - 40% 1 1,004.67 $ 570 $ 570


2 BR - 40% 1 997.56 $ 570 $ 570
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% 1 861.21 $ 570 $ 570


2 BR - 50% 1 1,032.01 $ 570 $ 570
2 BR - 50% 1 1,031.84 $ 570 $ 570
2 BR - 50% 1 863.87 $ 570 $ 570
2 BR - 50% 1 872.70 $ 570 $ 570
2 BR - 50% 1 862.47 $ 570 $ 570
2 BR - 50% 1 878.08 $ 570 $ 570
2 BR - 50% 1 866.37 $ 570 $ 570
2 BR - 50% 1 974.74 $ 570 $ 570
2 BR - 50% 1 1,094.25 $ 570 $ 570
2 BR - 50% 1 1,086.87 $ 570 $ 570
2 BR - 50% 1 1,054.64 $ 570 $ 570
2 BR - 50% 1 1,119.29 $ 570 $ 570
2 BR - 50% 1 1,371.76 $ 570 $ 570
2 BR - 50% 1 1,124.87 $ 570 $ 570

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 $ - $ -
Total 2-BR Total Monthly 2-BR
Tax Credit Units: 17 17,097.20 Tax Credit Rent: $ 9,690

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 $ - $ -
v12.31.09 Page 15
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 $ - $ -
Total 2-BR
Market Units: 0 0.00 Total Monthly
2-BR Market Rent: $ -

Total 2-BR Units: 17 Total 2-BR Rent $ 9,690

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

3 BR - 40% 1 949.60 $ 609 $ 609


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% 1 1,225.78 $ 609 $ 609


3 BR - 50% 1 1,422.38 $ 609 $ 609
3 BR - 50% 1 1,077.22 $ 609 $ 609
3 BR - 50% 1 1,420.75 $ 609 $ 609
3 BR - 50% 1 1,393.64 $ 609 $ 609
3 BR - 50% 1 1,532.03 $ 609 $ 609
3 BR - 50% 1 1,265.04 $ 609 $ 609
3 BR - 50% 1 1,508.16 $ 609 $ 609
3 BR - 50% 1 1,185.33 $ 609 $ 609
3 BR - 50% 1 1,657.23 $ 609 $ 609
3 BR - 50% 1 1,448.12 $ 609 $ 609
3 BR - 50% 1 1,191.58 $ 609 $ 609
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -

3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
Total 3-BR Total Monthly 3-BR
Tax Credit Units: 13 17,276.86 Tax Credit Rent: $ 7,917

v12.31.09 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 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
Market Units: 0 0.00 Total Monthly
3-BR Market Rent: $ -

Total 3-BR Units: 13 Total 3-BR Rent $ 7,917

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

4 BR - 40% 1 1,969.51 $ 675 $ 675


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% 1 1,942.85 $ 675 $ 675


4 BR - 50% 1 2,106.11 $ 675 $ 675
4 BR - 50% 1 2,001.09 $ 675 $ 675
4 BR - 50% 1 1,686.94 $ 675 $ 675
4 BR - 50% 1 1,611.42 $ 675 $ 675
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 $ - $ -
v12.31.09 Page 15
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
Total 4-BR Total Monthly 4-BR
Tax Credit Units: 6 11,317.92 Tax Credit Rent: $ 4,050

4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
Total 4-BR
Market Units: 0 0.00 Total Monthly
4-BR Market Rent: $ -

Total 4-BR Units: 6 Total 4-BR Rent $ 4,050

Total Units 74 Net Rentable SF: TC Units 70,376.01


MKT Units 0.00
Total NR SF: 70,376.01

Floor Space Fraction 100.0000%

v12.31.09 Page 15
Low-Income Housing Tax Credit Application For Reservation

D. Operating Expenses
Administrative:
1. Advertising/Marketing $1,500
2. Office Salaries $38,000
3. Office Supplies $9,500
4. Office/Model Apartment (type______)
5. Management Fee $18,690
3.75% of EGI 252.5675676 Per Unit
6. Manager Salaries
7. Staff Unit (s) (type______)
8. Legal $1,500
9. Auditing $6,808
10. Bookkeeping/Accounting Fees $4,664
11. Telephone & Answering Service $960
12. Tax Credit Monitoring Fee
13. Miscellaneous Administrative $6,000
Total Administrative $87,622
Utilities
14. Fuel Oil $0
15. Electricity $20,000
16. Water $33,000
17. Gas $0
18. Sewer $0
Total Utility $53,000
Operating:
19. Janitor/Cleaning Payroll $2,000
20. Janitor/Cleaning Supplies $500
21. Janitor/Cleaning Contract
22. Exterminating $2,000
23. Trash Removal $5,400
24. Security Payroll/Contract $7,000
25. Grounds Payroll $0
26. Grounds Supplies $750
27. Grounds Contract $2,000
28. Maintenance/Repairs Payroll $55,300
29. Repairs/Material $15,000
30. Repairs Contract $10,000
31. Elevator Maintenance/Contract $10,000
32. Heating/Cooling Repairs & Maintenance $200
33. Pool Maintenance/Contract/Staff
34. Snow Removal
35. Decorating/Payroll/Contract $7,000
36. Decorating Supplies $3,000
37. Miscellaneous
Operating & Maintenance Totals $120,150
Taxes & Insurance
38. Real Estate Taxes $19,030
39. Payroll Taxes $6,500
40. Miscellaneous Taxes/Licenses/Permits $100
41. Property & Liability Insurance $24,000
42. Fidelity Bond
43. Workman's Compensation $2,200
44. Health Insurance & Employee Benefits $22,000
45. Other Insurance $0
Total Taxes & Insurance $73,830
6544
Total Operating Expense $334,602

D1. Total Oper. Ex. Per Unit $4,522 D2. Total Oper. Ex. As % EGI (from E3) 67.08%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $22,200

Total Expenses $356,802

v12.31.09 Page 16
Low-Income Housing Tax Credit Application For Reservation

E. Cash Flow (First Year)


1. Annual EGI Low-Income Units from (C1) $498,807
2. Annual EGI Market Units (from C2) + $0

3. Total Effective Gross Income = $498,807

4. Total Expenses (from D) $356,802


5. Net Operating Income = $142,005
6. Total Annual Debt Service (from Page 21 B2) - $113,787

7. Cash Flow Available for Distribution = $28,218

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 498,807 508,784 518,959 529,338 539,925
Less Oper. Expenses 356,802 367,506 378,531 389,887 401,584
Net Income 142,005 141,277 140,428 139,451 138,341
Less Debt Service 113,787 113,787 113,787 113,787 113,787
Cash Flow 28,218 27,490 26,641 25,664 24,554
Debt Coverage Ratio 1.25 1.24 1.23 1.23 1.22

Year 6 Year 7 Year 8 Year 9 Year 10


Eff. Gross Income 550,724 561,738 572,973 584,432 596,121
Less Oper. Expenses 413,631 426,040 438,821 451,986 465,546
Net Income 137,092 135,698 134,151 132,446 130,575
Less Debt Service 113,787 113,787 113,787 113,787 113,787
Cash Flow 23,305 21,911 20,364 18,659 16,788
Debt Coverage Ratio 1.20 1.19 1.18 1.16 1.15

Year 11 Year 12 Year 13 Year 14 Year 15


Eff. Gross Income 608,043 620,204 632,608 645,261 658,166
Less Oper. Expenses 479,512 493,897 508,714 523,976 539,695
Net Income 128,531 126,307 123,894 121,285 118,471
Less Debt Service 113,787 113,787 113,787 113,787 113,787
Cash Flow 14,744 12,520 10,107 7,498 4,684
Debt Coverage Ratio 1.13 1.11 1.09 1.07 1.04
Estimated Annual Percentage Increase in Revenue 2.00% (Must be < 2%)
Estimated Annual Percentage Increase in Expenses 3.00% (Must be > 3%)

v12.31.09 Page 17
Low-Income Housing Tax Credit Application For Reservation

VIII. PROJECT BUDGET

A. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through A12. Check if the following
documentation is attached at TAB S:
Executed Construction Contract
Executed Trade Payment Breakdown
Appraisal
Other Cost Documentation
Environmental Studies

NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible
basis, type of credit and numerical calculations of this Part VIII.

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
1. Contractor Cost

A. Off-Site Improvements 0 0 0 0
B. Site Work 0 0 0 0
C. Geothermal System 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 4,538,971 0 0 4,538,971
F. Solar Electric System 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) 4,538,971 0 0 4,538,971
L. General Requirements 0 0 0
M. Builder's Overhead 155,000 0 0 155,000
( 3.4% Contract)
N. Builder's Profit 185,423 0 0 185,423
( 4.1% Contract)
O. Bonding Fee 0 0 0 0
P. Other 0 0 0 0
Q. Contractor Cost
Subtotal (Sum 1K..1P) $4,879,394 $0 $0 $4,879,394

2. Owner Costs
A. Building Permit 0 0 0 0
B. Arch./Engin. Design Fee 335,227 0 0 335,227
( 4,530 /Unit)
C. Arch. Supervision Fee 55,125 0 0 55,125
( 745 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0

v12.31.09 Page 18
Low-Income Housing Tax Credit Application For Reservation

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
2. Owner Costs Continued

F. Construction Loan 19,704 0 0 19,704


Origination Fee
G. Construction Interest 80,000 0 0 80,000
( 2.7% for 8 months)
H. Taxes During Construction 7,625 0 0 7,625
I. Insurance During Construction 10,000 0 0 10,000
J. Cost Certification Fee 15,000 0 0 15,000
K. Title and Recording 14,645 0 0 14,645
L. Legal Fees for Closing 39,000 6,000 0 33,000
M. Permanent Loan Fee 19,704 0 0 0
( 0.0% )
N. Other Permanent Loan Fees 4,244 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 15,000 0 0 0
Q. Environmental Study 0 0 0 0
R. Structural/Mechanical Study 6,000 0 0 6,000
S. Appraisal Fee 3,000 0 0 3,000
T. Market Study 3,000 0 0 3,000
U. Operating Reserve 223,000 0 0 0
V. Tax Credit Fee 53,180 0 0 0
W. OTHER $299,504 $0 $0 $165,000
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $1,202,958 $6,000 $0 $747,326

Subtotal 1 + 2 $6,082,352 $6,000 $0 $5,626,720


(Owner + Contractor Costs)

3. Developer's Fees 550,000 0 0 550,000

4. Owner's Acquisition Costs


Land 49,258
Existing Improvements 1,042,590 1,042,590
Subtotal 4: $1,091,848 $1,042,590

5. Total Development Costs


Subtotal 1+2+3+4: $7,724,200 $1,048,590 $0 $6,176,720

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

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

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"30% Present Value Credit" (D)
Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present
New Construction Value Credit"
W. OTHER OWNER COSTS

Contingency Reserve 50,000 0 0 50,000


(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Soft Cost Contingency 50,000 0 0 50,000
Tax Credit Consultant 10,000 0 0 0
Marketing and Lease up 5,000 0 0 0
Relocation 30,000 0 0 30,000
Retenanting Reserve 47,153 0 0 0
EarthCraft Cert 20,000 0 0 20,000
Furniture and Fixtures 15,000 0 0 15,000
Allocation fee 37,351 0 0 0
0 0 0
Replacement Rev 35,000 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

Subtotal (Other Owner Costs) $299,504 $0 $0 $165,000

v12.31.09 Page 19A


Low-Income Housing Tax Credit Application For Reservation

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"30 % Present Value Credit"
(C) Rehab/ (D)
New "70 % Present
Item (A) Cost (B) Acquisition Construction Value Credit"
5. Total Development Costs
Subtotal 1+2+3+4 7,724,200 1,048,590 0 6,176,720

6. Reductions in Eligible Basis

Subtract the following:


A. Amount of federal grant(s) used to finance 0 0 40,273
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) 1,048,590 0 6,136,447

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


(i) For Earthcraft or LEED Certification AND 60 Bonus Points ( Eligible For Increase) 0 0
(ii) For QCT or DDA (Eligible Basis x 30%) 0 1,840,934

Total Adjusted Eligible basis 0 7,977,381

9. Applicable Fraction 100.0000% 100.0000% 100.0000%

10. Total Qualified Basis (Same as Part IX-C) 1,048,590 0 7,977,381


(Eligible Basis x Applicable Fraction)

11. Applicable Percentage 3.35% 3.35% 9.00%


(For 2010 9% competitive credits, use the March 2010 applicable percentages for acq.)
(For 9% non-competitive & tax exempt bonds, use the most recently published rates)

12. Maximum Allowable Credit under IRC §42 $35,128 $0 $717,964


(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $753,092
credit amount requested) Combined 30% & 70% P. V. Credit

v12.31.09 Page 20
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. LCF, Inc. $1,000,000 Jewell Kitchen
2. VHDA Reserve Funds $200,000 Neal Rogers, VHDA
3. VHDA $4,800,000 Brenda Brophy, VHDA

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. Sparc/Reach $950,000 $59,365 5.25% 35 35
2. VHDA $616,222 $54,422 8.35% 35 35
3. $0 $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: $1,566,222 $113,787

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. LRHA $40,000
2. $0
3. $0
4. $0
5. $0
6. $0

Total Permanent Grants: $40,000


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

v12.31.09 Page 21
Low-Income Housing Tax Credit Application For Reservation

4. Portion of Syndication Proceeds Attributable to Historic Tax Credit


Amount of Federal historic credits $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 $16,257
Other: VHDA Replacement Reserve $335,000
Equity Total $351,257
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $1,957,479
(not
(B2+B3+B4+B5+B6)
including syndication proceeds except for historic tax credits)

8. Total Development Cost $7,724,200


(From VIII-A5)

9. Less Total Sources of Funds (From B7 above) $1,957,479

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


proceeds (must equal IX-D3) $5,766,721

C. Syndication Information (If Applicable)

1. Actual or Anticipated Name of Syndicator Boston Capital


2. Contact Person Corine Sheridon Phone 410-451-7309
3. Street Address 1802 Lang Dr
City Crofton State MD Zip 2114

4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $5,766,723


b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.77
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.99%
d. Net credit amount anticipated by user of credits $748,925
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) $5,766,723

6. Amount of annual credit required for above amounts


(same amount as Part IX-D6) $749,000
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 76.99%

8. Syndication: Public or Private


9. Investors: Individual or Corporate

Weighted Average Credit Price Calculation


Exchange Component 40% $0.85 $0.34
Market Component 60% $0.72 $0.43
Weighted Average Credit Price: $0.77

v12.31.09 Page 22
Low-Income Housing Tax Credit Application For Reservation

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

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

Below-Market Loans Market-Rate Loans

Tax Exempt Bonds $0 Taxable Bonds $616,222


RD 515 $0 Section 220 $0
Section 221(d)(3) $0 Section 221(d)(3) $0
Section 312 $0 Section 221(d)(4) $0
Section 236 $0 Section 236 $0
VHDA SPARC/REACH $950,000 Section 223(f) $0
HOME Funds $0 Other: $0
Other: $0
Other: $0

Grants Grants
CDBG $0 State $0
UDAG $0 Local $0
Other: LRHA $40,273

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.
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

v12.31.09 Page 23
Low-Income Housing Tax Credit Application For Reservation

IX. ADDITIONAL INFORMATION

A. Extended Use Restriction

NOTE: Each recipient of an allocation of credits will be required to record an extended use agreement as
required by the IRC governing the use of the development for low-income housing for at least 30 years.
However, the IRC provides that, in certain circumstances, such extended use period may be terminated early.

This development will be subject to the standard extended use agreement which permits early
termination (after the mandatory 15-year compliance period) of the extended use period.

This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 25 additional years after the 15-
year compliance period for a total of 40 years. Do not select if IX.B is checked below.

This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 35 additional years after the 15-
year compliance period for a total of 50 years. Do not select if IX.B is checked below.

B. Nonprofit/Local Housing Authority Purchase Option/Right of First Refusal

1. After the mandatory 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: Lynchburg Covenant Fellowship, Inc.

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)

v12.31.09 Page 24
Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
1. 74 0 1301 Park Ave $1,048,590 11/01/10 3.35% 35,128 $0 0.00% 0 $7,977,381 01/01/11 9.00% 717,964
2. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
3. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
4. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
5. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
6. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
7. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
8. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
9. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
10. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
11. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
12. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
13. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
14. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
15. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
16. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$1,048,590 $0 $7,977,381

$35,128 $0 $717,964
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25
Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
17. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
18. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
19. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
20. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
21. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
22. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
23. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
24. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
25. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
26. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
27. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
28. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
29. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
30. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
31. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
32. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0

$0 $0 $0
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25 (2)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
33. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
34. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
35. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
36. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
37. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
38. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
39. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
40. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
41. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
42. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
43. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
44. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
45. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
46. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
47. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
48. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0

$0 $0 $0
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
49. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
50. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
51. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
52. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
53. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
54. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
55. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
56. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
57. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
58. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
59. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
60. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
61. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
62. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
63. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
64. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0

$0 $0 $0
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
65. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
66. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
67. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
68. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
69. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
70. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
71. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
72. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
73. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
74. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
75. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
76. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
77. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
78. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
79. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
80. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0

$0 $0 $0
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
81. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
82. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
83. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
84. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
85. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
86. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
87. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
88. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
89. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
90. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
91. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
92. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
93. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
94. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
95. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
96. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$0 $0 $0

$0 $0 $0
Qualified Basis Totals (must agree with VIII-A10)

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

D. Determination of Reservation Amount Needed

The following calculation of the amount of credits needed is substantially the same as the calculation which will be made by
VHDA to determine, as required by the IRC, the amount of credits which may be allocated for the development. However,
VHDA at all times retains the right to substitute such information and assumptions as are determined by VHDA to be reasonable
for the information and assumptions provided herein as to costs (including development fees, profits, etc.), sources for funding,
expected equity, etc. Accordingly, if the development is selected by VHDA for a reservation of credits, the amount of such
reservation may differ significantly from the amount you compute below.

1. Total Development Costs (from VIII-A5, Column A page 20) $7,724,200

2. Less Total Sources of Funds (from VIII-B7 page 22) $1,957,479

3. Equals Equity Gap $5,766,721

4. Divided by Net Equity Factor (VIII-C7 page 22) 76.99%


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

5. Equals Ten-Year Credit Amount Needed to Fund Gap $7,489,997

Divided by ten years 10

6. Equals Annual Tax Credit Required to Fund the Equity Gap $749,000

7. The Maximum Allowable Credit Amount $753,092


(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 10,122 Combined 30% & 70% PV Credit

Credit per Bedroom 5,548 $749,000


Comprised of

$34,938 and $714,062


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.

v12.31.09 Page 26
Low-Income Housing Tax Credit Application For Reservation

F. Statement of Owner

The undersigned hereby acknowledges the following:

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

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

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

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

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

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

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

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

v12.31.09 Page 27
2009 LIHTC SELF SCORE SHEET:

Self Scoring Process

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

MANDATORY ITEMS: Score


a. Signed, completed application Y Y or N 0
b. Duplicate copy of application Y Y or N 0
c. Partnership agreement Y Y or N 0
d. SCC Certification Y Y or N 0
e. Previous participation form Y Y or N 0
f. Site control document Y Y or N 0
g. Architect's Certification Y Y or N 0
h. Attorney's opinion Y Y or N 0
i. Nonprofit questionnaire (if NP) Y Y, N, N/A 0
0.00
1. READINESS:
a. Plan of development Y 0 or 40 40.00
b. Zoning approval Y 0 or 40 40.00
Total: 80.00

2. HOUSING NEEDS CHARACTERISTICS:


a. VHDA notification letter to CEO Y 0 or -50 0.00
b. Local CEO letter (Y,NC,N) Y 0 or 25 or 50 50.00
c. Location in a revitalization area Y 0 or 30 30.00
d. Location in a Qualified Census Tract Y 0 or 5 5.00
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 N 0 or 15 0.00
k. Dev. located in area with little or no increase in rent burdened population Up to -20 0.00
l. Dev. located in area with increasing rent burdened population Up to 20 0.00
Total 125.00

3. DEVELOPMENT CHARACTERISTICS:
a. Unit size (See calculations below) Up to 100 #N/A
b. Amenities (See calculations below) Up to 70 69.60
c. Project subsidies/HUD 504 accessibility for 5 or 10% of units Y 0 or 50 50.00
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 N 0 or 15 0.00
f. Proximity to public transportation Y10 0, 10 or 20 10.00
g. Development will be Earthcraft or LEED certified Y 0 or 30 30.00
h. VHDA Certified Property Management Agent Y 0 or 25 25.00
i. Units constructed to meet VHDA's Universal Design standards 7% Up to 15 1.01
j. Developments with less than 100 units Up to 20 10.40
Total #N/A

4. TENANT POPULATION CHARACTERISTICS:


a. <= 20% of units having 1 or less bedrooms Y 0 or 15 15.00
b. Percent of units with 3 or more bedrooms 25.68% Up to 15 15.00
Total 30.00

5. SPONSOR CHARACTERISTICS:
a. Developer experience - 3 developments with 3 x units or 6 developments with 1 x units N 0 or 50 0.00
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
Total 0.00
v12.31.09
6. EFFICIENT USE OF RESOURCES:
a. Credit per unit If #N/A or #REF! appears in the score column of these point Up to 180 163.30
b. Cost per unit categories check spelling of Clerk's Office on pg 1. It must match Up to 75 72.14
Total exactly with the Jurisdiction names listed in the Application Manual. 235.44

7. BONUS POINTS: Locality AMI State AMI


a. Units with rents at or below 40% of AMI $58,100 $53,100 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 0 Years 40 or 50 0.00
or f. Nonprofit or LHA purchase option Y 0 or 60 60.00
or g. Nonprofit or LHA Home Ownership option N 0 or 5 0.00
Total 120.00

500 Point Threshold - 9% Credits TOTAL SCORE: #N/A


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 #N/A #N/A
Low Sq.Ft. / BDRM 0 0 #N/A #N/A
Project Sq.Ft. / BDRM 0 0 991 1,407
Percentage of Units 0.00% 0.00% 51.35% 2.70%
Points per Bedroom 0.00 0.00 #N/A #N/A

F-EFF-G F-1 BDRM-G F-2 BDRM-G F-3 BDRM-G


High Sq.Ft. / BDRM 0 0 900 1,000
Low Sq.Ft. / BDRM 0 0 675 800
Project Sq.Ft. / BDRM 0 0 1,384 1,746
Percentage of Units 0.00% 0.00% 14.86% 14.86%
Points per Bedroom 0.00 0.00 14.86 14.86

F-4 BDRM-G F-2 BDRM-TH F-3 BDRM-TH F-4 BDRM-TH


High Sq.Ft. / BDRM 1,100 995 1,175 1,225
Low Sq.Ft. / BDRM 850 775 925 1,000
Project Sq.Ft. / BDRM 2,350 1,411 1,780 2,219
Percentage of Units 2.70% 5.41% 2.70% 5.41%
Points per Bedroom 2.70 5.41 2.70 5.41

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: #N/A not calculate correctly.

Amenities:
All units have:
a. 1.5 or 2 Bathrooms 100.00% 15.00
b. Community Room 5.00
c. Brick Walls 98.00% 19.60
d. Kitchen/Laundry Appl-Energy Star 5.00
e. Windows-Energy Star 0.00
f. Heat/AC-SEER-AFUE 10.00
g. Sub-metered water expense 0.00
h. Low flow faucets & showerheads 3.00
i. High speed cable, DSL, wireless internet 1.00
j. Water heaters meet EPA Energy Star requirements 5.00
k. Geothermal Heat Pump - EPA Energy Star requirements 0.00
l. Solar Electric System - EPA Energy Star requirements 0.00 0.00%
Total 63.60
All elderly units have:
a. Front-control ranges 1.00
b. Emergency call system 3.00
c. Independent/suppl. heat source 1.00
d. Two eye viewers 1.00
Total 6.00

All rehab or adaptive reuse units:


b. Historic structure 0.00

Total amenities: 69.60

v12.31.09
$/SF = $76.29 Credits/SF = $6.01 Const $/unit = $65,938

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=600 500 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(35,000+)=3; REHAB(15,000-35,000)=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 0 991 1,407 0 0 0
NUMBER OF UNITS 0 0 38 2 0 0 0

PARAMETER-(COSTS=>35,000) 0 0 132,262 171,588 0 0 0


PARAMETER-(COSTS<35,000) 0 0 0 0 0 0 0

COST PARAMETER 0 0 158,243 205,294 0 0 0


PROJECT COST PER UNIT 0 0 75,578 107,335 0 0 0

PARAMETER-(CREDITS=>35,000) 0 0 9,489 12,311 0 0 0


PARAMETER-(CREDITS<35,000) 0 0 0 0 0 0 0

CREDIT PARAMETER 0 0 11,753 15,248 0 0 0


PROJECT CREDIT PER UNIT 0 0 5,958 8,461 0 0 0

COST PER UNIT POINTS 0.00 0.00 37.22 1.79 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 84.32 4.01 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 0 1,384 1,746 2,350 1,411 1,780 2,219
NUMBER OF UNITS 0 0 11 11 2 4 2 4

PARAMETER-(COSTS=>35,000) 0 0 171,588 200,526 220,931 172,069 202,659 213,964


PARAMETER-(COSTS<35,000) 0 0 0 0 0 0 0 0

COST PARAMETER 0 0 205,294 239,916 264,329 205,869 242,468 255,994


PROJECT COST PER UNIT 0 0 105,612 133,213 179,328 107,679 135,817 169,304

PARAMETER-(CREDITS=>35,000) 0 0 12,311 14,387 15,851 12,987 15,295 16,149


PARAMETER-(CREDITS<35,000) 0 0 0 0 0 0 0 0

CREDIT PARAMETER 0 0 15,248 17,819 19,632 16,085 18,944 20,001


PROJECT CREDIT PER UNIT 0 0 8,325 10,501 14,136 8,488 10,706 13,346

COST PER UNIT POINTS 0.00 0.00 11.78 10.79 1.42 4.21 1.94 2.99
CREDIT PER UNIT POINTS 0.00 0.00 26.44 23.92 2.96 10.00 4.60 7.05

TOTAL COST PER UNIT POINTS 72.14

TOTAL CREDIT PER UNIT POINTS 163.30

Cost Parameters - Elderly


AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
Standard Cost Parameter - low rise 0 0 132,262 171,588 0 0 0
Parameter Adjustment - mid rise 0 0 25,981 33,706 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 158,243 205,294 0 0 0

Credit Parameters - Elderly


AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
Standard Credit Parameter - low rise 0 0 9,489 12,311 0 0 0
Parameter Adjustment - mid rise 0 0 2,264 2,937 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 11,753 15,248 0 0 0

Cost Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Parameter - low rise 0 0 171,588 200,526 220,931 172,069 202,659 213,964
Parameter Adjustment - mid rise 0 0 33,706 39,390 43,398 33,800 39,809 42,030
Parameter Adjustment - high rise 0 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 205,294 239,916 264,329 205,869 242,468 255,994

Credit Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Credit Parameter - low rise 0 0 12,311 14,387 15,851 12,987 15,295 16,149
Parameter Adjustment - mid rise 0 0 2,937 3,432 3,781 3,098 3,649 3,852
Parameter Adjustment - high rise 0 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 15,248 17,819 19,632 16,085 18,944 20,001

v12.31.09
$/SF = $76.29 Credits/SF = $6.01 Const $/unit = $65,938

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=600 500 spelling of Clerk's Office on pg 1. It must
TYPE OF CONSTRUCTION N C=1; ADPT=2;REHAB(35,000+)=3; REHAB(10,000-35,000)=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 0 991 1,407 0 0 0
NUMBER OF UNITS 0 0 38 2 0 0 0

PARAMETER-(COSTS=>35,000) 0 0 119,784 155,400 0 0 0


PARAMETER-(COSTS<35,000) 0 0 0 0 0 0 0

COST PARAMETER 0 0 143,314 185,926 0 0 0


PROJECT COST PER UNIT 0 0 75,578 107,335 0 0 0

PARAMETER-(CREDITS=>35,000) 0 0 10,069 13,063 0 0 0


PARAMETER-(CREDITS<35,000) 0 0 0 0 0 0 0

CREDIT PARAMETER 0 0 12,471 16,179 0 0 0


PROJECT CREDIT PER UNIT 0 0 5,958 8,461 0 0 0

COST PER UNIT POINTS 0.00 0.00 33.68 1.59 0.00 0.00 0.00
CREDIT PER UNIT POINTS 0.00 0.00 89.31 4.29 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 0 1,384 1,746 2,350 1,411 1,780 2,219
NUMBER OF UNITS 0 0 11 11 2 4 2 4

PARAMETER-(COSTS=>35,000) 0 0 155,400 181,608 200,088 172,069 202,659 213,964


PARAMETER-(COSTS<35,000) 0 0 0 0 0 0 0 0

COST PARAMETER 0 0 185,926 217,282 239,392 205,869 242,468 255,994


PROJECT COST PER UNIT 0 0 105,612 133,213 179,328 107,679 135,817 169,304

PARAMETER-(CREDITS=>35,000) 0 0 13,063 15,266 16,820 14,617 17,215 18,176


PARAMETER-(CREDITS<35,000) 0 0 0 0 0 0 0 0

CREDIT PARAMETER 0 0 16,179 18,908 20,832 18,104 21,322 22,512


PROJECT CREDIT PER UNIT 0 0 8,325 10,501 14,136 8,488 10,706 13,346

COST PER UNIT POINTS 0.00 0.00 10.48 9.39 1.11 4.21 1.94 2.99
CREDIT PER UNIT POINTS 0.00 0.00 28.27 25.89 3.40 11.25 5.27 8.62

TOTAL COST PER UNIT POINTS 65.37

TOTAL CREDIT PER UNIT POINTS 176.31

Cost Parameters - Elderly


AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
Standard Cost Parameter - low rise 0 0 119,784 155,400 0 0 0
Parameter Adjustment - mid rise 0 0 23,530 30,526 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 143,314 185,926 0 0 0

Credit Parameters - Elderly


AS LVG EFF-E 1 BR-E 2 BR-E EFF-E-1 ST 1 BR-E-1 ST 2 BR-E-1 ST
Standard Credit Parameter - low rise 0 0 10,069 13,063 0 0 0
Parameter Adjustment - mid rise 0 0 2,402 3,116 0 0 0
Parameter Adjustment - high rise 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 12,471 16,179 0 0 0

Cost Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Parameter - low rise 0 0 155,400 181,608 200,088 172,069 202,659 213,964
Parameter Adjustment - mid rise 0 0 30,526 35,674 39,304 33,800 39,809 42,030
Parameter Adjustment - high rise 0 0 0 0 0 0 0 0
Adjusted Cost Parameter 0 0 185,926 217,282 239,392 205,869 242,468 255,994

Credit Parameters - Family


EFF-G 1 BR-G 2 BR-G 3 BR-G 4 BR-G 2 BR-TH 3 BR-TH 4 BR-TH
Standard Credit Parameter - low rise 0 0 13,063 15,266 16,820 14,617 17,215 18,176
Parameter Adjustment - mid rise 0 0 3,116 3,642 4,012 3,487 4,107 4,336
Parameter Adjustment - high rise 0 0 0 0 0 0 0 0
Adjusted Credit Parameter 0 0 16,179 18,908 20,832 18,104 21,322 22,512

v12.31.09
B. Page 1 - The project description does not type in the block. It is a formatting issue with Vista.

Project Description:

Lynchburg High is renovated school of 74 units. The development has a Section 8 contract. It is unusual
because it has 34 family units and 40 elderly units in the same building. The renovation plans call for
reconfiguring the family space to improve the design and energy efficiency and add air-conditioning.
The building also has a full gym inside with the original wood floor.
LCF and Associates, LP Misc. Investors all with 3.2222% ownership

Lana S. Chen

Dr. A. Robert Bellows

Mr. Paul P. Daley

Dr. George A. Deemys

Mr. John A. Grant

Dr. Donald K. Kiersey

Mr. Peter M. Reveno

Mrs. Shirley Rich

Mr. Philip E. Steeves


This deal is a combination of Elderly and
Family units in the same building. The
tax credit application does not account
for this. VHDA is going to score the app
after it is submitted. Per conversations
with VHDA the lack of a calculating score
does not result in any point loss in this
case.
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Qualified Census Tract Certification

Development Name: Lynchburg High Apartments


Tracking #: 2010-C-05

1. General Instructions
 This Certification must be included with the Application (by Application Deadline,
3/12/10).

 The Owner/Developer completes this Certification.

 Any change in this form may result in a reduction of points under the scoring system. If
you have any questions, please call Jim Chandler at VHDA (804) 343-5786.

2. Definition of Qualified Census Tract


Pursuant to §42(d)(5)(C)(ii) of the IRC, a qualified census tract is, “(I) Any census tract
which is designated by the Secretary of Housing and Urban Development and, for
the most recent year for which census data are available on household income in
such tract, either in which 50% or more of the households have an income which is
less than 60% of the area median gross income (AMGI) for such year or which has a
poverty rate of at least 25%. If the Secretary of Housing and Urban Development
determines that sufficient data for any period are not available to apply this clause
on the basis of census tracts, such Secretary shall apply this clause for such period on
the basis of enumeration districts. (II) The portion of a metropolitan statistical area
(MSA) which may be designated shall not exceed an area having 20% of the
population of such MSA. (III) Each MSA shall be treated as a separate area and all
non-metropolitan areas in a State shall be treated as one area.”

3. Census Tract #(s):


51680000600

To determine the development’s census tract, go to http://map.sba.gov/hubzone/init.asp and


put in the development address or county. The census tract number will be revealed
after pressing the “search” button. On a rare occasion, when a development spans
more than one census tract, this website may show incomplete information. IF the
subject development is across census tracts, please list each census tract by number
and provide supporting documentation.

Attach a map showing census tract boundaries and the development’s location!

4. Legal Description
Attach a copy of the development’s legal description; the legal description should
correspond to the site control document in the Application.
SBA HUBZone Locator Page 1 of 2

Address-Town-County Text-Only
U.S. Map Help
Search Version

DETERMINATION OF WHETHER AN ADDRESS IS IN A HUBZONE

1301 Park Ave, Lynchburg VA, 24504 is located in Census Tract "51680000600" which IS HUBZone qualified.

The map below shows the relationship of this address (marked with a star) to qualified HUBZone areas. Below the map, you
may find information on why the address was found to be in a HUBZone Area.

User can also define


display area by employing
the dragging function of
the mouse/cursor.
Dragging can be used to
recenter the map.

BASIS OF HUBZONE DETERMINATION

Is the address located in a Metropolitan Area? YES


Is the address located in a qualified or redesignated census tract? YES
Is the address located in a BRAC Commission-closed former
NO
military base?
Is the address located in a Difficult Development Area? NO
Is the address located in an Indian Country area? NO

If your firm's principal office is located in this area which is qualified as a HUBZone (Principal office means the location
where the greatest number of the concern's employees at any one location perform their work.,13 CFR PART 126.103), you
are encouraged to apply for the HUBZone Empowerment Contracting Program.

http://map.sba.gov/hubzone/hzqry.asp?command=address&STREET=1301+Park+Ave&C... 1/27/2010
TAB A.2
(Surveyor’s Certification of Proximity To Public Transportation)
TAB A.2
(Location Map)
1303 Park Ave Lynchburg Va 24501 - Google Maps Page 1 of 1

Address 1303 Park Ave


Lynchburg, VA 24501

©2009 Google - Map data ©2009 Google -

http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1303+Park+Ave+L... 1/27/2010
TAB A.2
(Revitalization Area Certification)
TAB B
(Partnership or Operating Agreement)
Lynchburg High Apartments

LCF, Inc.
(Non-Profit)

LCF Housing LLC . 01 % 99.99%


(Managing Lynchburg High LHLITCM LLC
Member) LLC (Owner) (LIHTC Member)

Lynchburg High Apartments


TAB C
(VA SCC Certification)
TAB D
(Principal’s Previous Participation Certification)
LYNCHBURG COVENANT FELLOWSHIP, INC.
BOARD OF DIRECTORS - 2010

Executive Committee Years on Committee


OFFICERS: President Will Cardwell 2
Vice President Stuart Turille 2
Secretary Nathan C. Brooks, III 3
Treasurer L. Vincent Sawyer 2

MEMBERS AT LARGE: Polly Flint 3


Elliot Schewel 3
Angilee White 2

OTHERS EX OFFICIO: Jewell "Susie" Kitchen, Executive Director

EXECUTIVE DIRECTORS EMERITI: P. G. Cosby, III


Herbert R. Moore, Jr.
Irma W. Seiferth

',' " " '" ."'" ..i'·


Name, Profession/Occupation Business Address/Telephone Resident Addressrrelephon~fE.ll\1ail .

BARNES, Tina Coordinator of 2500 Rivermont Avenue 56 N. Princeton Circle


Disability Services Lynchburg, VA 24503 Lynchburg, VA 24503
Randolph College 434-846-4434
E-Mail: tbarnesearandolohcolleae.edu

BROOKS, III, Nathan C. Director ofPastorial First Christian Church 1117 Rugby Road
Counseling Services 3109 Rivermont Avenue Lynchburg, VA 24503-2621
of Central Virginia Lynchburg, VA 24503 434-384-3787
434-384-5405 E-Mail: ncohn@juno.com

CAMM, Dr. Vivian M. Retired 603 Smyth Street


Lynchburg, VA 24501
434-847-8976
E-Mail: vcamm@Verizon.net

CARDWELL, William R. Retired 714 Trents Ferry Road


Lynchburg, VA 24503
434-384-2283
E-Mail: WilliamCardwell@Yahoo.com

COLEMAN, Diana 1. W. 406 Pearl Street


Lynchburg, VA 24504
434-846-1818(H) 426-9171 (Cell)
E-Mail: LDIWC(a)A01.com

COSBY, TerreIl Program Manager Central Virginia Community Svcs. 1404 Northwood Circle
620 Court Street Lynchburg, VA 24503
Lynchburg, VA 24504 434-384-2134
434-847-8035 E-Mail: itcosbycmhotrnail.com

EDWARDS, David 1. Minister, Church of the 4415 Boonsboro Road 1441 Tunbridge Road
Covenant Lynchburg, VA 24503 Lynchburg, VA 24501
434-384-1351 434-385-9452
E-mail: chcovucc@ntelos.net

FERGUSON, Rodney Owner, Harambee, Inc. P. O. Box 1170 203 Brookfield Road
Forest, VA 24551 Lynchburg, VA 24503
434-944-5298 434-385-5298

Continued Page 2
Name Profession/Occupation Business Address/Telephone Resident AddresslTelephonelE-Mail

FLINT, Polly Realtor RElMax Platinum Properties 2717 Greenhill Lane


6000 Boonsboro Road Lynchburg, VA 24503
Lynchburg, VA 24503 434-384-52511CeIl434-841-1527
E-Mail: pollyb(a}msn.com

HARRIS, William P. Attorney Harris & Allen 3120 Rivermont Avenue


1004 Court Street Lynchburg, VA 24503
Lynchburg, VA 24504 434-384-8360
434-846-5288

HARVEY, Irene CNA 702 Federal Street, Apt. #1


Lynchburg, VA 24504
434-845-2594
E-Mail: harveyirene89@netzero.com

JOHNSON, Donald W. Pastor, Union Baptist 820 East Main Street 233 McWane Circle
Church Waynesboro, VA 22980 Lynchburg, VA 24501
(540) 943-3619 434-847-6978
E-Mail: dhjohnson(a}AOL.com

KHOURY, Esther C. Director, Connectivety GE Healthcare 2213 Granville Road


Solutions Greensboro, NC 27408
E-Mail: esther _ khoury@idx.com 336-379-0310
E-Mail: ekhoury@bellsouth.net

LANGHORNE, Arelia S. Attorney 2700 Langhorne Road 2039 Overbrook Road


Lynchburg, VA 24501 Lynchburg, VA 24501
434-528-1560 434-847-8761
E-Mail: lawasleacomcast.net

LONG, William G. Retired 212 Nottingham Circle


Lynchburg, VA 24502
434-237-0927
E-Mail: WMGLong(a}Yahoo.~om

MOORE, Jr., Herbert R. Executive Director, 3437 Ivylink Place


Emeritus Lynchburg, VA 24503
Lynchburg Covenant 434-384-5605
Fellowship, Inc.

SA WYER, Jr., L. Vincent Director, The Haven 201 Federal Street 2209 Ridgewood Drive
P. O. Box 245 Lynchburg, VA 24503
Lynchburg, VA 24505 434-384-1407
434-847-3093 E-Mail: lvsawyerjr@comcast.net

SCHEWEL, Elliot S. Former State Senator 10 1 13th Street 4316 Gorman Drive
P. O. Box 977 Lynchburg, VA 24503
Lynchburg, VA 24505 434-384-2772
434-528-3000

TURILLE, Stuart J. Retired 3020 Cranehill Drive


Lynchburg, VA 24503
434-384-6881

WHITE, Angilee W. Retired 1301 Park Avenue, # 17


Lynchburg, VA 24501
434-528-0478

Rev. 02117/2010
Lynchburg Covenant Fellowship, Inc.
1950-2010

Lynchburg Christian Fellowship was established in 1950 and the name was changed to
Lynchburg Covenant Fellowship in 1973 to reflect our faith-base, inclusive character. LCF is
governed by a self-perpetuating board of directors. Each year at the annual meeting the Board re-
commits itself to continued service by signing the “Book of Life”.

Over the years LCF has been involved in many programs, some of which have spun off into
separate 501 (c) (3) organizations such as Interfaith Outreach Association, Camp Kum-Ba-Yah,
Rush Life-Time Homes and many others.

In 1970 LCF saw that substandard housing in the central city was at an all time high. We
purchased an old Federal-style house located at 700 Federal Street, that was built in 1904, and
converted it into eight units of housing for low-income individuals and this was our first attempt
to provide good housing in the central city to those in need. Several of our residents have lived in
this building for more than fifteen years and look out for each other like family.

Our first major housing project was Shalom Apartments, forty-six one, two and three bedroom
apartments that was built as low-income housing. After forty years our residents are still
enjoying safe, decent and affordable housing. Shalom is a U.S. Department of Housing and
Urban Development Section 8 Program.

In 1973 City Gate was born as an LCF innovative program to help lift the social, physical and
economic life of the city’s people. In 1975, with the inspiration of Jim Rouse and assistance of
The Rouse Company of Columbia Maryland, LCF joined with Lynchburg City Government, area
county governments, the Chamber of Commerce and Tri-College Consortium in sponsoring a
planned development program called “Central Virginia Tomorrow”. More than 1,000 citizens of
Central Virginia participated in looking at areas such as employment, housing, law enforcement,
education and recreation.

Because it was not uncommon thirty years ago for rescuers to find a citizen frozen to death in a
substandard house, LCF began a wood ministry. This program was supported by scores of
volunteers who delivered to waiting families – hundreds of loads of wood each year.

In 1976 LCF saved one of Lynchburg’s oldest buildings that was scheduled for demolition. After
much hard labor from volunteers who peeled off as much as seven layers of wallpaper from the
walls of the Western Hotel/Joseph Nichols Tavern, it was ready to host many programs down
through the years. Today this property houses The Festival Center which is helping to build
community and caring for the families of the College Hill Neighborhood, a mentoring program,
and a budding neighborhood radio station.

In 1980 LCF, with the help of VHDA, developed two schools into ninety-six units of low-
income housing. Frank Roane Apartments has twenty-six units for the elderly and Lynchburg
High Apartments has seventy units that are elderly, handicap, and multi-family. All of these
apartments are Project Based Section 8.

The YWCA, operating a 30-day shelter for abused women, saw a need for longer term housing
for these women. LCF joined hands with the YWCA and brought into being Carey House,
named for Diane Carey who was the Director of the Y’s women’s shelter program. Today there
are fourteen units that are serving as low income housing.

Upon retirement, Jim and Patty Rouse established The Enterprise Foundation to assist
organizations like LCF all across the nation. With their assistance the Home Ownership Program
allowed nineteen families to buy their own homes. This program became the forerunner of
Lynchburg Habitat for Humanity.

In the late eighties, Central Virginia Community Services joined hands with LCF in developing
homes for 56 mentally challenged individuals. The first home we built was the Bedford Group
Home. Next, in 1987, came the Forest Hills Group Home in Lynchburg, followed by the
Appomattox Group Home in 1988, Rockbridge Apartments in Lynchburg in 1988 and two group
homes in Amherst in 1989.

The LCF Vision and Mission Statements are as follows:

Vision Statement

Lynchburg Covenant Fellowship is guided by the Judeo-Christian ethic of compassionate


commitment to and advocacy for the poor with a view to building an inclusive community in
Central Virginia marked by diversity, equal opportunity, fairness, and social justice for all
humanity and respect for God’s creation. We are called to be a catalyst for emerging ministries,
taking risks to address human need.

Mission Statement

The mission of Lynchburg Covenant Fellowship is to express the values of our respective faiths,
helping to facilitate a diverse community by providing affordable housing, education, and
advocacy for the poor, the disabled, and the disadvantaged, including children, youth, the
mentally challenged and the elderly of Central Virginia.

LCF has been providing low-income housing to families, the elderly, handicapped and disabled
for forty years and providing non-profit services for sixty years. LCF has demonstrated
commitment throughout its six decades of work. This commitment comes out of the knowledge
that major and lasting changes in a community cannot happen overnight but call for long-range
dedication and a willingness to serve over the long haul.
TAB E
(Nonprofit Questionnaire)
Nonprofit Questionnaire

Part II, 13VAC10-180-60, of the Qualified Allocation Plan (the “Plan”) of the Virginia Housing Development
Authority (the "Authority") for the allocation of federal low income housing tax credits ("Credits") available under §42
of the Internal Revenue Code, as amended (the "Code") establishes certain requirements for receiving Credits from the
Nonprofit Pool established under the Plan and assigning points for participation of a nonprofit organization in the
development of qualified low-income housing.

Answers to the following questions will be used by the Authority in its evaluation of whether or not an
applicant meets such requirements (attach additional sheets as necessary to complete each question).

1. General Information.

a. Name of development: Lynchburg High Apartments

b. Name of owner/applicant: Lynchburg High LLC

c. Name of Nonprofit entity: Lynchburg Covenant Fellowship, Inc.

d. Address of principal place of business of Nonprofit entity:


412 Madison Street Lynchburg, VA 24504

Indicate funding sources and amount used to pay for office space: See attached 2009 Income
Statement

e. Tax exempt status: 501(c)(3) 501(c)(4) 501(a)

f. Date of legal formation of Nonprofit: 2/12/1971 (must be prior to application deadline);


evidenced by the following documentation: 501(c)(3) Determination Letter

g. Date of IRS 501(c)(3) or 501(c)(4) determination letter: 2/12/1971


(must be prior to application deadline and copy must be attached).

h. Describe exempt purposes (must include the fostering of low-income housing in its articles of incorporation):

Charitable and educational and to provide on a non-profit basis housing for low and moderate income
families.

i. Expected life (in years) of Nonprofit: Perpetuity

j. Explain the anticipated future activities of the Nonprofit over the next five years:
Low and moderate income housing, rehabilitation and operation.

1/10 Page 1 of 8
NONPROFIT QUESTIONNAIRE, continued

k. How many full time, paid staff members does the Nonprofit and, if applicable, any other nonprofit
organization(s) ("Related Nonprofit(s)") of which the Nonprofit is a subsidiary or to which the Nonprofit is
otherwise related (by shared directors, staff, etc.) have? 10 How many part time,
paid staff members? 1 Describe the duties of all staff members:
Housing staff of 2
Accounting staff of 2
Maintenance staff of 5
Administrative staff of 2

l. Does the Nonprofit share staff with any other entity besides a Related Nonprofit described above?
Yes No If yes, explain in detail:

m. How many volunteers does the Nonprofit and, if applicable, any Related Nonprofit have?
Twenty member board of directors meet four times per year at a minimum.

n. What are the sources and manner of funding of the Nonprofit? (You must disclose all financial and/ or
the arrangements with any individual(s) or for profit entity, including anyone or any entity related,
directly, indirectly, to the Owner of the Development
Management fees, donations, grants, investment income
See attached 2009 Income Statement

o. List all directors of the Nonprofit, their occupations, their length of service on the board, and their
residential addresses:
See attached list

2. Nonprofit Formation.

a. Explain in detail the genesis of the formation of the Nonprofit: Started as a small non-profit in 1950
Providing recreation and education for youth in the community. In 1970 LCF saw the need for
Moderate and low income housing and expanded into that area. We have developed over 200
Units of housing.

b. Is the Nonprofit, or has it ever been, affiliated with or controlled by a for profit entity or local housing
authority? Yes No If yes, explain in detail:

c. Has any for profit organization or local housing authority (including the Owner of the Development, joint
venture partner, or any individual or entity directly or indirectly related to such Owner) appointed any
directors to the governing board of the Nonprofit? Yes No If yes, explain:

1/10 Page 2 of 8
NONPROFIT QUESTIONNAIRE, continued

d. Does any for-profit organization or local housing authority have the right to make such appointments?
Yes No If yes, explain:

e. Does any for profit organization or local housing authority have any other affiliation with the Nonprofit or
have any other relationship with the Nonprofit in which it exercises or has the right to exercise any other
type of control? Yes No, If yes, explain:

f. Was the Nonprofit formed by any individual(s) or for profit entity for the principal purpose of being
included in the Nonprofit Pool or receiving points for nonprofit participation under the Plan?
Yes No

g. Explain in detail the past experience of the Nonprofit including, if applicable, the past experience of any
other Related Nonprofit of which the Nonprofit is a subsidiary or to which the Nonprofit is otherwise
related (by shared directors, staff, etc.): LCF has three subsidiaries which are group homes. We are
The general partner to SAI Associates and Carey House Limited Partnership. We have shared board
Members in all of the above.

h. If you included in your answer to the previous question information concerning any Related Nonprofit,
describe the date of legal formation thereof, the date of IRS 501(c)(3) or 501(c)(4) status, its expected
life, its charitable purposes and its relationship to the Nonprofit. See attached

3. Nonprofit Involvement.

a. Is the Nonprofit assured of owning an interest in the Development (either directly or through a wholly
owned subsidiary) throughout the Compliance Period (as defined in §42(i)(1) of the Code)?
Yes No

(i) Will the Nonprofit own at least 10% of the general partnership/owning entity? Yes No
(ii) Will the Nonprofit own 100% of the general partnership interest/owning entity? Yes No

If no to either 3a.i or 3a.ii above, specifically describe the Nonprofit's ownership interest:

b. (i) Will the Nonprofit be the managing member or managing general partner? Yes No
If yes, where in the partnership/operating agreement is this provision specifically
referenced?
Section 9 of the Operating Agreement; LCF Housing LLC is wholly owned by LCF, Inc. the non-profit.

(ii) Will the Nonprofit be the managing member or own more than 50% of the general partnership interest?
Yes No

c. Will the Nonprofit have the option or right of first refusal to purchase the proposed development at the
end of the compliance period for a price not to exceed the outstanding debt and exit taxes of the
for-profit entity? Yes No If yes, where in the partnership/operating agreement is this provision
specifically referenced?
Section 9 of the Operating Agreement;

Recordable agreement attached to the Tax Credit Application as TAB V

If no at the end of the compliance period explain how the disposition of the assets will be structured:

NONPROFIT QUESTIONNAIRE, continued


1/10 Page 3 of 8
d. Is the Nonprofit materially participating (regular, continuous, and substantial participation) in the
construction or rehabilitation and operation or management of the proposed Development? Yes No If yes,

(i) Describe the nature and extent of the Nonprofit's proposed involvement in the construction or
rehabilitation of the Development: LCF will oversee all aspects of the rehabilitation and manage
The apartments.

(ii) Describe the nature and extent of the Nonprofit's involvement in the operation or management of the
Development throughout the Extended Use Period (the entire time period of occupancy restrictions of
the low-income units in the Development): Throughout the compliance period, LCF will
Provide management services to Lynchburg High Apartments.

(iii) Will the Nonprofit invest in its overall interaction with the development more than 500 hours annually
to this venture? Yes No If yes,
subdivide the annual hours by activity and staff responsible and explain in detail: LCF staff
Will invest many hours on all aspects of the rehabbing of Lynchburg High Apartments. LCF board
Will also invest many hours overseeing the various stages.

e. Explain how the idea for the proposed development was conceived. For example, was it in response to a
need identified by a local neighborhood group? local government? board member? housing needs study?
Third party consultant? other? Lynchburg High was first converted in 1980 from an old school into
Multi family, elderly and handicap low income apartments. The mortgage will be paid in June 2009 and the
Property, after thirty years, needs extensive rehabilitation. We would like to have more efficient heating and
Be able to offer our residents, among other things, air conditioning.

f. List all general partners/managing members of the Owner of the Development (one must be the Nonprofit) and
the relative percentages of their interests:
The Managing Member will be LCF Housing LLC which will be wholly owned by LCF, Inc. the non-profit.

g. If this is a joint venture, (i.e. the Nonprofit is not the sole general partner/managing member), explain the
nature and extent of the joint venture partner's involvement in the construction or rehabilitation and
operation or management of the proposed development.
NA

h. Is a for profit entity providing development services (excluding architectural, engineering, legal, and
accounting services) to the proposed development? Yes No If yes, (i) explain the nature and extent
of the consultant’s involvement in the construction or rehabilitation and operation or management
of the proposed development.
Ryne Johnson, Astoria LLC Consultant on the tax credit application.

(ii) explain how this relationship was established. For example, did the Nonprofit solicit proposals from
several for-profits? Did the for-profit contact the Nonprofit and offer the services? LCF had a
Past relationship with Ryne Johnson. We contacted Astoria for services.

NONPROFIT QUESTIONNAIRE, continued


1/10 Page 4 of 8
i. Will the Nonprofit or the Owner (as identified in the application) pay a joint venture partner or consultant
fee for providing development services? Yes No If yes, explain the amount and source of the
funds for such payments. LCF will pay Astoria, LLC to help oversee the tax credit
process until we receive our 8609’s. Payment will be made from tax credit proceeds, and predevelopment
Funds. Contract is $10,000 plus 1% of the tax credit reservation amount if we receive an award of credits.

j. Will any portion of the developer’s fee which the Nonprofit expects to collect from its participation in the of
development be used to pay any consultant fee or any other fee to a third party entity or joint venture
partner? Yes No If yes, explain in detail the amount and timing of such payments.
$10,000 paid to assemble application
1% of tax credit reservation amount if credits are awarded.

k. Will the joint venture partner or for-profit consultant be compensated (receive income) in any other manner,
such as builder’s profit, architectural and engineering fees, or cash flow? Yes No If yes, explain:
If LCF receives credits we plan to contract with Astoria, LLC to be the VHDA mortgage broker and over see
The development process to be paid from predevelopment funds.

l. Will any member of the board of directors, officer, or staff member of the Nonprofit participate in the development
and/or operation of the proposed development in any for-profit capacity? Yes No
If yes, explain: John Sparrow - Facilities Manager, Jewell Kitchen – Executive Director, both staff
Members who will be working closely with the project and is on the LCF payroll.

m. Disclose any business or personal (including family) relationships that any of the staff members, directors or
other principals involved in the formation or operation of the Nonprofit have, either directly or indirectly,
with any persons or entities involved or to be involved in the Development on a for-profit basis
including, but not limited to the Owner of the Development, any of its for-profit general partners,
employees, limited partners or any other parties directly or indirectly related to such Owner:
None.

n. Is the Nonprofit involving any local, community based nonprofit organizations in the development, role and
operation, or provision of services for the development? Yes No If yes, explain in detail,
including the compensation for the other nonprofits:

4. Virginia and Community Activity.

a. Has the Virginia State Corporation Commission authorized the Nonprofit to do business in Virginia?
Yes No

b. Define the Nonprofit’s geographic target area or population to be served:


Lynchburg, Amherst, Appomattox develop and manage low to moderate income apartments.

1/10 Page 5 of 8
NONPROFIT QUESTIONNAIRE, continued

c. Does the Nonprofit or, if applicable, Related Nonprofit have experience serving the community where the
proposed development is located (including advocacy, organizing, development, management, or
facilitation, but not limited to housing initiatives)? Yes No If yes, or no, explain nature, extent
and duration of any service: LCF has been working in Lynchburg and the surrounding counties
Developing and managing affordable housing for forty years. We own and/or manage many units of low
Income housing including three group homes.

d. Does the Nonprofit’s by laws or board resolutions provide a formal process for low income, program
beneficiaries to advise the Nonprofit on design, location of sites, development and management of affordable
housing? Yes No If yes, explain:

e. Has the Virginia Department of Agriculture and Consumer Services (Division of Consumer Affairs)
authorized the Nonprofit to solicit contributions/donations in the target community? Yes No

f. Does the Nonprofit have demonstrated support (preferably financial) from established organizations,
institutions, businesses and individuals in the target community? Yes No If yes, explain:
We have been an established non profit in the community since 1950 and we are well respected by
Community leaders.

g. Has the Nonprofit conducted any meetings with neighborhood, civic, or community groups and/or tenant
associations to discuss the proposed development and solicit input? Yes No If yes, describe the
meeting dates, meeting locations, number of attendees and general discussion points:
We have met with the current tenants. This housing project is rehabbing existing Section 8 housing.

h. Are at least 33% of the members of the board of directors representatives of the community
being served? Yes No If yes, (i) low-income residents of the community? Yes No
(ii) elected representatives of low-income neighborhood organizations? Yes No

i. Are no more than 33% of the members of the board of directors representatives of the public sector (i.e. public
officials or employees or those appointed to the board by public officials)? Yes No

j. Does the board of directors hold regular meetings which are well attended and accessible to the target
community? Yes No If yes, explain the meeting schedule: The LCF Board meets a
Minimum of four times per year.

k. Has the Nonprofit received a Community Housing Development Organization (CHDO) designation, as defined
by the U. S. Department of Housing and Urban Development’s HOME regulations, from the state or a local
participating jurisdiction? Yes No

1/10 Page 6 of 8
NONPROFIT QUESTIONNAIRE, continued

l. Has the Nonprofit been awarded state or local funds for the purpose of supporting overhead and operating
expenses? Yes No If yes, explain in detail:

m. Has the Nonprofit been formally designated by the local government as the principal community-based
nonprofit housing development organization for the selected target area? Yes No If yes, explain:

n. Has the Nonprofit ever applied for Low Income Housing Tax Credits for a development in which it acted as a
joint venture partner with a for-profit entity? Yes No If yes, note each such application including:
the development name and location, the date of application, the Nonprofit’s role and ownership status in the
development, the name and principals of the joint venture partners, the name and principals of the general
contractor, the name and principals of the management entity, the result of the application, and the current
status of the development(s).

o. Has the Nonprofit ever applied for Low Income Housing Tax Credits for a development in which it acted as
the sole general partner/managing member? Yes No If yes, note each such development including
the name and location, the date of the application, the result of the application, and the current status of the
development(s).
Carey House Limited Partnership
1987 won tax credits
Compliance period has ended
Currently still operating as low income housing

p. To the best of your knowledge, has this development, or a similar development on the same site, ever
received tax credits before? Yes No If yes, explain:

q. Has the Nonprofit been an owner or applicant for a development that has received a reservation in a previous
application round from the Virginia Housing Partnership or the VHDA Housing Funds?
Yes No If yes, explain:

r. Has the Nonprofit completed a community needs assessment that is no more than three years old and that,
at a minimum, identifies all of the defined target area’s housing needs and resources? Yes No
If yes, explain the need identified:
A market study is currently being completed. However the property has been operating for 30 years.

NONPROFIT QUESTIONNAIRE, continued


1/10 Page 7 of 8
Lynchburg Covenant Fellowship, Inc.
1950-2010

Lynchburg Christian Fellowship was established in 1950 and the name was changed to
Lynchburg Covenant Fellowship in 1973 to reflect our faith-base, inclusive character. LCF is
governed by a self-perpetuating board of directors. Each year at the annual meeting the Board re-
commits itself to continued service by signing the “Book of Life”.

Over the years LCF has been involved in many programs, some of which have spun off into
separate 501 (c) (3) organizations such as Interfaith Outreach Association, Camp Kum-Ba-Yah,
Rush Life-Time Homes and many others.

In 1970 LCF saw that substandard housing in the central city was at an all time high. We
purchased an old Federal-style house located at 700 Federal Street, that was built in 1904, and
converted it into eight units of housing for low-income individuals and this was our first attempt
to provide good housing in the central city to those in need. Several of our residents have lived in
this building for more than fifteen years and look out for each other like family.

Our first major housing project was Shalom Apartments, forty-six one, two and three bedroom
apartments that was built as low-income housing. After forty years our residents are still
enjoying safe, decent and affordable housing. Shalom is a U.S. Department of Housing and
Urban Development Section 8 Program.

In 1973 City Gate was born as an LCF innovative program to help lift the social, physical and
economic life of the city’s people. In 1975, with the inspiration of Jim Rouse and assistance of
The Rouse Company of Columbia Maryland, LCF joined with Lynchburg City Government, area
county governments, the Chamber of Commerce and Tri-College Consortium in sponsoring a
planned development program called “Central Virginia Tomorrow”. More than 1,000 citizens of
Central Virginia participated in looking at areas such as employment, housing, law enforcement,
education and recreation.

Because it was not uncommon thirty years ago for rescuers to find a citizen frozen to death in a
substandard house, LCF began a wood ministry. This program was supported by scores of
volunteers who delivered to waiting families – hundreds of loads of wood each year.

In 1976 LCF saved one of Lynchburg’s oldest buildings that was scheduled for demolition. After
much hard labor from volunteers who peeled off as much as seven layers of wallpaper from the
walls of the Western Hotel/Joseph Nichols Tavern, it was ready to host many programs down
through the years. Today this property houses The Festival Center which is helping to build
community and caring for the families of the College Hill Neighborhood, a mentoring program,
and a budding neighborhood radio station.

In 1980 LCF, with the help of VHDA, developed two schools into ninety-six units of low-
income housing. Frank Roane Apartments has twenty-six units for the elderly and Lynchburg
High Apartments has seventy units that are elderly, handicap, and multi-family. All of these
apartments are Project Based Section 8.

The YWCA, operating a 30-day shelter for abused women, saw a need for longer term housing
for these women. LCF joined hands with the YWCA and brought into being Carey House,
named for Diane Carey who was the Director of the Y’s women’s shelter program. Today there
are fourteen units that are serving as low income housing.

Upon retirement, Jim and Patty Rouse established The Enterprise Foundation to assist
organizations like LCF all across the nation. With their assistance the Home Ownership Program
allowed nineteen families to buy their own homes. This program became the forerunner of
Lynchburg Habitat for Humanity.

In the late eighties, Central Virginia Community Services joined hands with LCF in developing
homes for 56 mentally challenged individuals. The first home we built was the Bedford Group
Home. Next, in 1987, came the Forest Hills Group Home in Lynchburg, followed by the
Appomattox Group Home in 1988, Rockbridge Apartments in Lynchburg in 1988 and two group
homes in Amherst in 1989.

The LCF Vision and Mission Statements are as follows:

Vision Statement

Lynchburg Covenant Fellowship is guided by the Judeo-Christian ethic of compassionate


commitment to and advocacy for the poor with a view to building an inclusive community in
Central Virginia marked by diversity, equal opportunity, fairness, and social justice for all
humanity and respect for God’s creation. We are called to be a catalyst for emerging ministries,
taking risks to address human need.

Mission Statement

The mission of Lynchburg Covenant Fellowship is to express the values of our respective faiths,
helping to facilitate a diverse community by providing affordable housing, education, and
advocacy for the poor, the disabled, and the disadvantaged, including children, youth, the
mentally challenged and the elderly of Central Virginia.

LCF has been providing low-income housing to families, the elderly, handicapped and disabled
for forty years and providing non-profit services for sixty years. LCF has demonstrated
commitment throughout its six decades of work. This commitment comes out of the knowledge
that major and lasting changes in a community cannot happen overnight but call for long-range
dedication and a willingness to serve over the long haul.
TAB F
(Architect’s Certification)
TAB H
(PHA/Section 8 Notification Letter)
TAB I
(Local CEO Letter)
TAB K
(Site Control Documentation-
Documentation of Most Recent Real Estate
Tax Assessment – Acq. Rehab. Only)
TAB L
(Plan of Development Certification Letter)
THE CITY OF LYNCHBURG, VIRGINIA

900 Church Street, Lynchburg, VA 24504


www.lynchburgva.gov
TEL: 434-455-3990
FAX: 434-847-1536

OFFICE OF THE
CITY MANAGER

Plan of Development Certification

TO: Virginia Housing Development Authority


601 South Belvidere Street
Richmond, Virginia 23220
Attention: Jim Chandler

RE: PLAN OF DEVELOPMENT CERTIFICATION


Name of Development: Lynchburg High Apartments
'Name of Owner/Applicant: Lynchburg High LLC
Name of Seller/Current Owner: LCF and Associates

The above-referenced Owner/Applicant has asked this office to complete this form letter
regarding the site plan of the proposed Development (more fully described below). This certification is
rendered solely for the purpose of confirming the status of plan of development or site plan approval of
the Development. It is understood that this letter will be used by the Virginia Housing Development
Authority solely for the purpose of determining whether the Development qualifies for points available
under VHDA's Qualified Allocation Plan for housing tax credits.

DEVELOPMENT DESCRIPTION: (To be provided by the Owner)


Development Address (should correspond to LA.2 on page 1 of the application):
l301 Park Avenue
Lynchburg VA 24504
Legal Description (should correspond to the site control document in the application):
College Hill; Blk. 1109, 1111, fronting on Fillmore Street and 7th Street, as shown
outlined in red on a Plat prepared by the Dept. of Public Works of the City of
Lynchburg, dated June 17, 1977, designated File No. A-2015, Deed Book 578, Page 586.
Also a tract fronting on Floyd Street, ill St., Wise St., Park Ave., as shown on a plat
prepared by the Dept. of Public Works of the City of Lynchburg designated File B-923, Deed Book 578,
page 586.
Plan of Development Number:

Proposed Improvements (should correspond with LB & D and IILA of the application):

D New Construction: 4 # Units ___ # Buildings Total Gross Floor Area


D Adaptive Reuse: # Units ___ # Buildings Total Gross Floor Area
D Rehabilitation: 70 # Units 1 # Buildings 104203 Total Gross Floor Area

Other Descriptive Information: (Should correspond with information in the application)


Currently a 70 unit Section 8 development, 4 four bedroom units are being converted
to add 4 additional units.

@
International
City
Management
Association
PLAN OF DEVELOPMENT CERTIFICATION, continued

LOCAL CERTIFICATION: (To be completed by the appropriate local official)

Check one of the following as appropriate:

D The proposed development described above has an approved final plan of development or site
plan (as applicable to the site). No further plan of development or site plan approval is required
before issuance of a building permit.

The proposed development is an existing development with proposed renovations and no


additional plan of development approval is needed.

The above plan of development approval is in effect until:

Signed: __ ------"'LL=-----'--,~~.-----==--=-=--:---'-"'=--t--M'#±"~.::-~----
L . ~I VV1 17M L RA'-/tJc, It{
Printed Name: ----~~~--~~~-+~~~~~~----

Title: __ ----I....<CA::::......:.' -'--9+-'vVI'-----"--"~~~--


«')1L-f. Lf:70- ~}14a

?)~/IJ
7 /

NOTE TO LOCALITY:
1. Return this certification to the developer for inclusion in the tax credit application package.
2. Any change in this form may result in a reduction of points under the scoring system. If
you have any questions, please call Jim Chandler at VHDA (804) 343-5786.

NOTE TO DEVELOPER: You are strongly encouraged to submit this certification to the
appropriate local official at least three weeks in advance of the application deadline to ensure
adequate time for review and approval.
TAB M
(Zoning Certification Letter)
THE CITY OF LYNCHBURG, VIRGINIA

900 Church Street, Lynchburg, VA 24504


www.lynchburgva.gov
TEL: 434-455-3990
FAX: 434-847-1536

OFFICE OF THE
CITY MANAGER

Zoning Certification

TO: Virginia Housing Development Authority


60 I South Belvidere Street
Richmond, Virginia 23220
Attention: Jim Chandler

RE: ZONING CERTIFICA nON

Name of Development: Lynchburg High Apartments


Name of Owner/Applicant: Lynchburg"!:Qgh LLC
Name of Seller/Current Owner: LCF and Associates

The above-referenced Owner/Applicant has asked this office to complete this form letter
regarding the zoning of the proposed Development (more fully described below). This certification is
rendered solely for the purpose of confirming proper zoning for the site of the Development. It is
understood that this letter will be used by the Virginia Housing Development Authority solely for the
purpose of determining whether the Development qualifies for points available under VHDA's Qualified
Allocation Plan for housing tax credits.

DEVELOPMENT DESCRIPTION: (To be provided by the Owner)

Development Address: (Should correspond to LA.2 on page 1 of the application)


l301 Park Avenue, Lynchburg VA 24501

Legal Description (should correspond to the site control document in the application):
College Hill; Blk. 1109, 1111, fronting on Fillmore Street and ih Street, as shown outlined in red on a
Plat prepared by the Dept. of Public Works of the City of Lynchburg, dated June 17, 1977, designated
File No. A-2015, Deed Book 578, Page 586.
Also a tract fronting on Floyd Street, ih St., Wise St., Park Ave., as shown on a plat prepared by the
Dept. of Public Works of the City of Lynchburg designated File B-923, Deed Book 578, page 586.

Proposed Improvements (should correspond with LB & D and IILA of the application):

D New Construction: 4 # Units ---


# Buildings Total Gross Floor Area
D Adaptive Reuse: # Units
---
# Buildings Total Gross Floor Area
D Rehabilitation: 70 # Units I # Buildings 104203 Total Gross Floor Area

@
International
City
Management
Association
ZONING CERTIFICATION, Page Two

Current Zoning: E> 5


----~~------------------------------------ allowing a density of
units per acre, and the following other applicable conditions:

Other Descriptive Information: (Should correspond with information in the application)

LOCAL CERTIFICATION: (To be completed by the appropriate local official or Civil Engineer)

Check one of the following as appropriate:

~ The zoning for the proposed development described above is proper for the proposed residential
development. To the best of my knowledge, there are presently no zoning violations outstanding
on this property. No further zoning approvals and/or special use permits are required.

D The development described above is an approved non-conforming use. To the best of my


knowledge, there are presently no zoning violations outstanding on this property. No further
zoning approvals and/or special use permits are required.

~~~--

L- . vM&A-L--L ~\../~ ~ , ~
(Printed Name)

(Title OfLocq~~1
o~~$:r)
Phone: __ d??..(.Lffr?· ~4.:?
Date: ~/~~
1/
NOTE TO LOCALITY:
L Return this certification to the developer for inclusion in the tax credit application package.
2. Any change in this form may result in a reduction of points under the scoring system. If you have
any questions, please call Jim Chandler at VHDA (804) 343-5786.

NOTE TO DEVELOPER: You are strongly encouraged to submit this certification to the appropriate local
official at least three weeks in advance of the application deadline to ensure adequate time for review and
approval.
TAB N
(Copies of 8609’s To Certify Developer Experience)
This deal does not require
information behind this tab.
TAB Q
(Documentation of Rental Assistance)
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1.1, ,",."""'"I ,,c,. :~,,ll,~l.,,.l,illllr l,li lllr ,lll.,lll\l tll ~I~III.II,II~I~: iilllllill~ .\\,\li ,.ill,,, .,TI\ ,,,.,. .'
1111@->14l..,,,
I*.,>,,. 5 , )7 13.,&t.
1.7 IIOIIS!~(~ -
&SSISTAnCli 1FAYCII.Y T I T 0 nWXl3<S.

.. - c
it, II...~-~p.m,mll
...i,#.ni. ,t,.il
. a u i ~ o z n r rpaynmrnr rill r u w
hr paid lu ih. olnrr rnl Ym<r. *I.. b 5 P ~ ~ ; I ~ . S in ~ c c o , ~ . ~ .-ilh
~ CD~~.C,. 'n,. hnu,inX
1111 dllrrrrnrr h.n-cn# ihc Ctsnlrlrl Hrnml .nil l h x pvnion 01 said irnl payablr by thr l:amily as digrr.
,I,.
m i n d i n irrardanrr with !he Gorrmmcnanlablilhrd ~ d > r d u i r.nd l cnLccil.
. .
11) Thr nmuunl or hou$ing rl;i%hn<c p a F l r n l p a y r l l r on behalf 01 a-Family and thr .moun$ or rrnl psyrbl, b r such Family %hall b
,ub+<l I0 rhlng. b, rcrson or r h l n $ n i n Pamil, Iniomc. P#rnily compoliliun. ar r i l r n l u l c.rrpCiun>l nlrdlrsl ur 'Nhrr v n v l v l l r x .
Fns6in .ccord?nri -8th i h r Gvbcrnmur~!-cltzhlirhrdsrhrdulrx rnd crllcrii: or b! r e n a n uradju>lnlrnl by i h r HF.6 n i any rpplirrhl.
A l l o n n r c lor Utilllir. 2nd Olllcr i = n i r n . An, such rhangr s:nrll br cilrclivr or 111. drlc 't>lrd i n a n o l i l i r a ~ i v nor such rhanc. to she
Fanil.

*. v.~,~.rn AI>.T

III Ir ~amily ill lo:hcr ihan 13 I ~ C S U I Oor by the or.rr .hich isin r i o ~ ~ t or i o ihr
~ h a r e or (nr C D ~ Oor, ~ ~ ~
.pp~ic.b~c I ~ ~thrP wnrr . ,hall rmri.r hnuling ..li.nnr. yr!nlmt~ in the or o p r r c n t 01 contract uInt b r arrnn.s
ptid no? cr.rcding w d a y : Proridrd. h o r r r r r , lllnt ii tllr Onnrr r n l l c r t ~any o i #hc hmil?', xhrrc or 15. rur #his pied in
anmunl r h i c h , r h c n r t d r d 10 !he 24 pelcrnl pr?nmcnn. re%ullsi n nlorr il>an ihr Cunlrlrl Kcnl. loch c ~ r c . % shall be pa)rblr I,, thr
Gorrrnmcnl or 2 % ihc Go>c:nn>co! nr?d i r d . IScr nllo Srrlion 1.10b.l l h c Owirr La11 not b r tnlillcd to any pavnlcnl under i h h rub.
pang-ph unlr,r hr: iil i o ~ . r n r d i unon ~ ~ l ~i c z t n i n ~or th. vxmrr. has notii,cd ihr l l F h the r>r=nry or ~ : o ~ ~ e n iv. r r r n n ~ n dthe
rca*nr Tor Ihc racinry. 2nd Lii) hnr i l k c n 2nd conlinucs l o 1.I;. chr anions sperilid #n p r r s n p h s b i l l and b l l l o l l h i l Scnion.

111 I f Ihc Ovncr nirls r Famll.. Ihr i h ~ l nu, l bi r n l i l l r d I0 any paymml under parrgrlyh .ill of !hi$ Scclivn 9 n l n s chr rcquc*t ,or rurh
nhr b-rr ~ U C I , v'n~lhr rrtcccrl nntlcr "r XI,=p c ~ u . c d evmion, rla,inf i h r ~ r n u ~ dand
p a ~ n , ~is" ~I U P ~ Y ~ CbJy . ~ ~ ~ i l i r 11a.t i ~,GI .
adsiling the Family that il had 10 dl?, x i t h i n which lo prelcnl 1., objrcliolbs I o Ihc Orncr in writing or i n prrbon and liil thz p r o p v s d
r r i a i o n .IS in~ i o ~or~,het Lzrrc i ~ or ~ C o n l n n or any ~ p p l i c ~I=*.
~ ihc bl~

d. ' I.imita~ien on
,hi' smaon ," ohr r",cn,hc ,, -
pa!n>rn:~ for vacant Unii<. Thc 0ln.r $hall not be entitled lo hnuiing a.li,:anrc prymrnl. with rnpcct to raranl units v n d c
mullid I D p.!rnrn,. l,~", olhrr r0urc.r ,~.8..~"""",' lur 1o.rn or..nlll in.mmz incvrird lor ho,d!ng "",I,
12c.nt ror rrlocl~rrs t o r i c l c I of lhc n o u i n g m d Communily D1vclopm>m! Act a1 I971 qr pnrmcnl, under s d t i o n 1.lOb or chil
CO",,."~.
- . '
e. . HFA NeI Ol~lic~ccd [Pi Flinllr Rent. Thr !IF* has not a%$unlrdon).nblignion for thc arnouot or rcnl pl!rblc b r zoy h m l l y or Lhc nlls.
l a c ~ l o no l m s r l r ~ mby I" 00.nrr ~ g l i n rnr ~ r Scc~lvn1.101 ur lhir Comnrl.
~ ! Family other ihan i n a r r o ~ d m with

r. 0-nrr's hluj-lnir liw,cnzs roc Paymmtr.


III l h r 0 - n c r r l l l l l l v i m i l monrl,l? rrl;urrcs t o i h l ItFh "r 2% dirrc:cd L,? nhc I I F A Ioc huvxlnp aslirlance p2)mrnll. Errh rvrh rcq>>.st
s h l l i r i lonh: ti1 ihc nrme 01 r r r h Fxmii? xnd the rdCrrlr andfur nunlbrr nr ihc unit l h c r d by thr Frmilr: liil ihu address .ndlor
~ h : ntlnlbrr or ~ ~ iir? , . rua,cd i n FI~),I~CS lor -I,~c? C I ~ Co ~ n r ril claiminn prynxmr~: riiil ih. colltrrcl
Exllibil A lor err18 unit b r r h i r h ihr 01n.r i i ~ l r i n l i npl?nlml%: ~
~ m t ,n rort>. in
lirl LI:r aniounl d r u l l p3riblC by the Family I k n i l q i h r "nil lor.
.,
r h r r r a;:aroprir~r. ~ n mirun, r t o he paid l l ~ F=n,ilyin
r a r r o ~ d n n r ri - i t h Scrcion 1.3b12)i: and irl the ton1 .mDunc r. housing wit~rnr.
p q r > ~ c n rI cI q u n t r d by the Ownrr.

(11E.C~ or !he olncii nlunlh~j rcqYclir ,hall ron:.in a ~ ~ n i f i by~ hinl


~ r CIIX~
i ~ ~lo ihr best hi. knor~rdpr ~d k 6 . r ( i ~,he dr.lling
irin O C C ~ ~ ,s. r i . s . ~ ~ , ~ c silmdiliun.(iil ZII ,hr al~lccflus d.. dru on ,hr .equrh roi 1 ~ ~ 6db
..% arc ,ru.and ,,
w t . liiil i h r .anounc r ~ q u n i c dnrs i r m rrlcul.lcd i n =riordmcc *ith ,hi. provisions or IV Conlract and Y pryable ~ n d r rtux contract.
and iirl none o i t i v zmuune r i a i n ~ dbar been p r c ~ i o ? ~rlainlrd
~, or paid.

(>I I I l l l c Olrarr "2s r ~ r c i > r ,m


l rx:<silr pxyln.nl. I h r l i F A or i h r Corclnnirn.. inrlhlili.0 l o any m h r r rights l o mrurrq. may dcdurl Lh.
'","YDI rr.nr i n y ,ubvqu.* p l y m r n l or p.,mmmr.

14) 11;. orncr'. n,onlh~j rcqunlr r ~ .hnu,ins .ni.tancc pylnm


l !. SI~ZII be n.d
lc .~bj:n to pcm.~ty under IS U.S.C.KOI. .hirh pmridn.
anmollp .#her things. Ihal r l l m r ~ rLnlwinplr nnd r i l l l u l i ? nzkes or u l o a da'umrnf or writing conlainin% any hllr. fi<Bllou$. or
rrlvdulrnt , , ~ , c ~ , ~ ~.,,,,r.
:'~, in
m.l,,.r .itbin thr jurilltictivn or =,gdcpxnmrnx or r ~ c n r y~r ih. U n ~ t r rstas,. ~ h r br
~ ,h r d no,
monc thrn 5 i o . m or inlprisond imr nnl mow !ban lire yrrlc. or bmh. . .
. g. ~~~~~~~~~t .r sarinlc in ~ co.,.
i ~ ~ ~ . ~ ~

141 ln !l>c mcnt ll>s! imof!>#b!i#..>ncin< 1%9#%cd and is continued al!c?thc fin, year o~,I#c tern> oi8hc Conrrac3 2nd t h e d e b # % c * # c e "1 ;n#crin>
fi,,5wtmscnt pvr;,dursorccm ~ ~ ~ ~ $c l hwnr %. u c htint:cac, i k l ~ ~ s ! h a ~: tt l~~~c t i c ~dub8 p ~ ~ cc ~r i~ ~ ~ ~ u ~wrmsncn! ~ ~ l c r C7!8.,ncincnn
l h v -!,#<I<
the Conarac! !Ken$$*crC h a m $ . an zn>uum~r < ~ l l c c ~ ;!l>e ~>$<as#mp i n ! ~ # # ~ . aw#\ t~, ccom>]?Utcd
i~~~ m ~ c pardsr.q!!t sill 01 ,his
i z l 3 c ~ c ~ t d : ~ -<I>!
Sc<lbn. Ihdll b< r r r d i l n l ilrlllr Ga5cmnlrn: I o t l r Imrr,kr8Arnwlll. xnll r i l l l h c l d in.nll ~ . ~ nh.i>hnn ln pamlcnl* thr < I - n r r . I8 llvllng
,he <-uric 01 > l , c s a , > ~ c thcrc ! ~ ~ 8,~ < s c r < d u i rl~r<en,<,n~h, Cn -hiel, # I > ~ d ~5 cl >
n kt e i s ~ w ~ 8 ~ r tl!va#~t#<#p!cd
8 h ~ n d<lU %cmi<?undcc lhc
lvrn>anvn< l i t > n c i n ~an , a,ljuuot~cr~! s k ~ l l n7aslcsn oh,c ,>,I\: th: 8~ ~ I I > U U U ! ~dsa.snps s i , I i t l a u i # wcmt fur llte !car # \cr<tli~cdbv oh=
G~~~~~~~~~~ I,.I,C ,AC~,.II,~I inlt(lillll,.~,l L,?~~vIII-,\ r~,.,,~z ~ ~ ~ . ~ ~ ~ ~ ~ ~ iplJlllcnr. : ~ r ,. ~~ , ~~ n . h~ ~isb>hc
nmrclr ~ i u-nn , ~ t ~ ~ ~
o,, ..r,l,llll I., ,111 nr, l,,, ill" yr>r "1 M,ux: iillrril,l ,I,,, \cn,rr uwr ill. .,l,il.i,.,lnl ddil s m i r r 111111. 111. ,Y."llllTl1l liil.ll.ll3.l.

Nurh8nl: xi, 111.1 par:~$cniB~ l ctwst,uvd 5 i ~ ~ I


): ~ i l s lbc 3 I(
~ U~
< Il
I UlDin
m ~ hE
CII~ITSCL
v II<I$LLYI prctls\dlm/ adju>l\x!ml$ UI L'unlcltl l l < n l l in
.rturdr,,cc w,,h scrtion 1.9.

(i, l,,c,..n,,l ,.,"".,d. ..,,.,,.,,,.,,, ,,,I,.. .,.21,. ,.. I...,, . ?<." >,,. "" ...,,.,,,,....,,, ,,,,,,<,tr,p ,,.\ <,,,
-
~ , <,,d..,,,",.<<"
.I,< \ . . .
". , , , ,. , ,
l,l~c .*I, .,t
. ,.,,,,,,.,
. ,
tc,; ..c~.,~,~,
..., I,,.,,
d o II 1.. l l l n
.I

IC
..,I........... . I ,,,.,.,.,,,!..,
,,..,,.,,
nus ,.I.
I

L d a ~ ~ g_ ~
,I, ,.,I

.I~~....~,I
.
d~cL~.._l,~m.~
,....
.<I, I..
.
11 l l . ~ ~
I
.
I..,.,.

A . ..A . . - ,
.. .,.I%..
.c,..h11.,o.
i
a liiil ~ ~ ,hr ~ erccm12rr
1 , fou=d i n para;rrph gl21liil o l l h i l %"inn l u thc a X ~ c g i l c~ ~ ~ l Hr Cr ~ rC liur
S lhar c~~~~~~~
unill . ~ ~ # ~ h
in.l"drd i ,nr Om:,', .l.ir",,l
. L. hnuling n.t,i.c, p,F""rm,, 10. the ..,id in qur.,inn: ."d

1") The rmnvnl D3nd i n pArrgrrph gl:lIiiirnl !hi>S m i n n %hallb r r l r d i t r d $0 Ihr F m i c n h c r ~ u n mnd
l rilhhcld m m ihr nrll hnuring
.',,,,. ""
p>,m.., or p.*,m,r IDth. Dl".. .

h' P.nrnrnll br &IF,\. Thr rrommnl ol rho hn1#:i#m#a~.i.lsncc pa?n>ml. drlrlminrd i n r r c o r ~ i r n r er i l h ihc prlvi,inns o l (hi. Conlran. up to Ahr
~ s u u n ~l i 8 h r . ~ ~ ~ rapa!wcn!s
lg~$ due ihr HTA b r m i h r V-nrc puoumm lo the mungage Bran mrdr b r lhr l l F A inr thr pro+rl. rhrll Ihc
~,,di8~.1 l o l a c b n u r a n d irrn<rermd m D n ~ hhr ~ rihr IIFA rrummr arcaunt mrin!.,innl vnc!cr ihr trner.l nlrcrmmtpunu.n( th.
K c t o l h c l w n e r undrr ihc n # . l c ~ r b u n dr r l ~ l l , l i n no l l h r Ill;\ under ahirh ih nor., nr hondr a, prwYc the m o n g a ~ vlaan *.err i r s ~ r n .An,
,.
.nloulll o i i h r h n v l i n l axsictallre pl).menl in rlrcl. nl'surh WCdlC Ihdl C pald b y I h r HFA Oirrrliy lo ihr D m r r .
. .
I.L C b l S L I l i C r F.>y.?c~*.
(1) I f L u n i t c o n r i n t n B :n bc urc.ln: a l t e r thn 60-d.>y y c r l o d l p r c l l l c l i n p a r r g r r p h ( b l or
I C l D L r h l i scu:,(.r. r'r ov".:. ma;. s.. a n i r r c l a l n l t o rr;a,vc a * d i r l D n n l 50"ii""

lh. r r i l l E 1 l l . l
t o <ha, " o l r
o r i 1 t . l rcnt-up.
<..
p"y"rnC6 on r i r l u . \ l ~ n u l l hr:sir u l r l ir:.r.rcr t o such r \.>cnnr u n l r i n e n anornr cgu.31 :o
and L " l U l C . L ",,.f7.'"t'
rh. i.<.."d
r c q " , . ~ d t o ;,rr,.ri,r 111. ,,urrion ar :nc dcbr .rl.Lb.l.blc
of tnc v r c r n s g r l l c r h c r such vrcr,,sy com.r,c,lccd durinq r c n t - u p

(1) Adalrlonll p r ~ n c n l runder r h l r ;.rmrlr.rph ( $ 1 lo. any u n i t s h a l l noL b e lor .ore than L2
m n ~ h s<or arm v r c m c r p c r i n a . rna m a t , uc -dl only it:

I 1 1 ?he ll"1L 1, not i n a p r o j r c r ,n:urrll. "ride, tho E n r i o n a l , l o u s i n 9 *st crcopr


.? pur.Llmr t o Scccion l i , or t h a t A c t .

I 1 1 1 ThC Y n l l 1.1 I n deccnr. . a l e , and s a n i t a r y c o n d l r l o n d u r l o . rho u n c r l c y pn;lrd


Inr uhlch P ~ F m s n t sr r r cldncd.

II
l l v l The O;ler h r r dc:onsrra:rd Ln c n n n r c t r o l > ,-irh r h o r c n l r n n u r l c l a i m on a form
a d in aseordmse -rtn :xr ic.nd.>nlr prrssrtard . r t i = c ~ ~ - r~ i t n ~ TCSFCC:
~ ~ F ~ ~ L
Lo t h o p ~ r i s do: vlcao:); :hat =:lo Y l o l r r : is not prruldinp r h c h c c r r i c h r r r c n v c l

("1
nc 1casr e g u l l i n :kl , " ? ,=<.its
t h e pr).ocarr relucZr.d.i!:
IS n c x r i b u < a b ~ rns mr vacnnc u

n o O m s r has =ub-%:rc:,
.
L
:
l
~E inc":;rd
n^r .n : x r c l .
I

:er the per lo^ .I


b y LhL. C-acr, a n * t h a t rlic ar*u>r O f
a < rrrr p o r l l o n or r,,c d r r i c i c n c y r . i c h
m c rlcar.siuo.
La c c n n r s L l o l r r i t h t h c i r n l a n n u l l c l a i m . a r L r : o c n l
W i t h rc1cvrn: i.p>or:in" r.,:ri.nrc t h a t .$?re is r rrrronai,,e p.o::..c. t,,&L ah*
p,n,ect can rchcu:." !.nr'c.rl sad.lnr.r within r :crronr:lle t l r c . r h c .ra:cnrnr
s h e l l i n d i r r l c r*c c.3r.3 ol r:ic doiisir.nc:,: L!lc C , r r c i i l l r r t C ? r t h a t ?.arc be.> and r i l l &
ta'<e": >*d Lh* t:7.* I>? C>.,C? .k ,s * x 7 c c t r < rb,t L,,C "r0,Cct r".,c""c.s = . , I ac
I C I I t cq2.1 PI~~ l ) rF
S L l iU n Y L ill" .ddi:i.".l
irllI p n y n e n r s p.0virlcd ."&ex ihir
p""gr*ph.

1 a. \ l ~ i 3 1 ~ m ~ ~ . and
ic O ~ c r a l L n Thr
S a l t . 3rd i l n i l 2 r ; Rcurin;.
. O l n c r r g r c n Illl o m l i n l r i n and opcrXr thc C r n l r r c l Units 2nd r r l r l c d l r c i l i l i o l a 3%I o pmvidc h.ccnt.
m d 111 <o nrouide dl <hr r c n i r n . mrimrl:anrr and ulilfticc irl lnnh i n Exhibit C. Illhr H k A ersrminrl lhrl

I b.
,LC
con#r=rt.l o .bar

l n % l ~ < I # aPr80r
.n nl,c~ins or morc or i h : ~nhlipllinnc. I h r HF,\ %hallhawe the right, i n additinn I. is olhrr ti).lh> sod cco>cdirr vndrs $hi%
housing n r i c l m c c pm)rnrnt> in r h o l r or in p m .
n $ to O c c ~ ~ p ~ n ~ ? .
~ r b? a family. 111. owner 2nd thr ~ ~ m~ .i I Iin,p.cc
111 rrii.r IO r r ~ u p a - r ) . ~ r aunit i ~ ihc uni; and boll^ shill r m i l y , on lorm, prr,r~ib.d
by thr Glnrfnmtn:. thr: 1ii.y hare insprctrd LC"nil 2nd hare dctcm,incd it 9- k Esrrnl. S a h . and I2nltrry in armrdanrr r i l h i h r
r r i t r i i a ps.idrd i a Ihr picsrribcd folnll. Copirs 01 i h o r rrpnh s l l l l l bc k r p l an 6 i r b) chr Ulnrr lor ZIl c n l lhmr y c a n .

<?I Th. IIFA 117211 imp.- nr r r u ~ ri n be ln%plllcd rlch Conit&:t Unll i n 6 #driril l n f i l i l i n at iblll anl#ualIr 2nd a! lvrh other lirncl
1 i " ~ I ~ ~ prior ,*
d i " ~ inilia1 rrc"pa##cya,>,1 rc.cn,ing d 8 " Y #>"i,l 2 % may bc "ecc.,ar, to xs,,>.c ,,,at the O ~ ~is ~mcc8i"gC C 17:s <>bl!R2,i""
813 r l l i i l l l i n i>.r lmnill i n Dc.rnl. Sak. r r l d Srnilary rnndilinn and $ 0 pr.rMc i h r r g r r r d upnh ucililirl r ~ r d
l h r r r m i c n . The HFA %ha!,
:>kc illlo x r c i . n l r u n l p l l i a t l by a r l : p ~ m ra v d ins o L r r inCunnnion coming t n in nlmminn i n irhcduiiklg i n l ] l r r l i ~ n ran.! , i b r l l nnlily
,1,1 Dun., .d ,hi Tirn,,> orit, dnrrminrli.,".
c. Uli:. ?;rl llrc.ni. S.11~. and S ~ n i s n .I1 Ihr HFA noliBn llil 0 1 - n u ,ha< Ihc liar lrilrd I0 mlinl,ln 3 dr:lling u n i l i n h r m l . Salr. and
h ~ r i : > ! ? mt:3#i#orrnd i h r Ui~nrrl r l l r l o l l l r torruclivr r r t i c n r'ilhin l i e l i m r prnrribcd i n i h r n n l t r . Inc l l F A inry cxcrci%cm y 01ill
n'qbls ar r m m r ~ l i cvndcr
~ ihc Conlrret. ioclud,cp ibrlroxm a l huuliils nxdslmcr pa?nlms. r*m ilLhc Family rontinur; to arup) I h r unit.
11. II~~.,. the .ilhtr to h. rrhDlllrli in.nothpr nrrring .rclion I rlrir~rnrr the HFA d a r no! hare ojilrr ..rlion 8
l u s d l fnr rllcll p ~ r p c % ~ . ' l hl Fi A rnry illr ihr a l n l n l huurinp rL%i.llnri p r ) m r n i r 6rilac(wrp0fl"lJCh~utiny 8:lr Famil? i n ZnolllCr d r r l l i n g
" n i l i>hri?lbls 81 done. l l f r U w t l r r rhrll !:r nvlilird chat h r 'ill bc r n l i t l r d l o :rlun>p>inn 01h l m l i q anlllrnrc pr?mmls lor ihc r r r r l ~ d
d r c l i i n g "nil il (11the vliilis r.,lorni in ilron,.sale. and S r n i t s ~cuniitiotl. ,2i ihc ~ ~ ii r i l l~i n s 10~and l ia x mo.'c
~ bark
y into ihr rr.
SbW'd ",>.,,.
2nd (31 3 d ~ d " / t i ~ ".,s "ndc 1". ,hc r.pc#>,c> incurred by ,he rarniiy l"7 b"!l# n10vcr.

d. -,limn PI . A ~ . * c ~ ; c ~ ~ . r h 2 r r r : ~ ~01~ nousing


r nn~slanccpaymronr shall be ~ l r ~axdproridrd
i ~ ~ i n r r i u c n notinration 10 #he Olnrr.
Thc llr lll3li prnn<pl?, nu<iVj Ihc Tanuls 01 %url%rbslmmcnl.
c. ulrrcronld r r d C n d ~ r u n l a i r 18nitl.
l I: ~ l ! rl r A dr$rrminr8 \hat a c o n w n t Ullit is nor Drcmr. Srfr. and Sanilws b y rrrrnn a1 inrrrasr
v
~n 1>3111y ( I I C . or 11111 3 CO~!-ICI Unit ,r Irrrrr ihxn rpprnpriile lor <hr ,iir a( zhr Trnlil? in arupzncy. huuring a n i l l r n c r ps)-mrnlr *ilh
mrpcct 10 sucll unit rii no8 br a b r l ~ l u, a l r n !he O.vncr l a i l l In o R r ihr F m m y n luilalllc unit 2s imn r l one C r o m n raranl and r r r d r
lnr Lcruplncy. ln !:a "1 u~r.r.o,rd~dunit. I ,lr O - S C . da, havr .nr ~ ~ i x - b l ~ or i! no
on!!$ %%nno
or I tuitrblr "nil = r u n
.ilhin r lrisvnahlc tinl<. ahc IIF.~ ,\illnnil~ ihr Fnnlily in findin# ~ ~ i td ~ t hl l il unitn~~ 2nd rrquirc the Fzrnil? l o m ~ v lro i l t r h a "nil i r
>ma yrs.~hir. TI,. Om., rre.ivr nei~tlnrc prmirnu lo, ,hr r.mlr.i uni, ir nc ~ . ~ ~ rill,
p ~ lllr
i rr r~~ u i r r m r n t x01 Scrlinn
1.7.,11.

1.4 l l R N 7 A1111!5~hll?iIS.

. I:.M..I.~X ..r n.lj,,,,,, r r s i < ~ .,,,


,.,,c,. II,,,,,,~,,~ r,r,,,nll, r , ir ~d.,, ~ inin.r..,ic~ .,,,,.unt, com,,,rn.uracr cunlr.rl II~O,~
am$uctn,rna
.ms- bhr lnlrinwln> nnloan! a u t h o r i r d undrr Scnion 1.1 01 l11L ColtLrlrl.
b, A.l,>"lair *""".I hdjuu:n<n,r.

it, n,lonm,ic Annual , ~ d i ~ , ~ . , ~ t I:~.~,,,,


~r~cm,im.db? lllr~ ~ ,81 I C ~.S I annurllr;
~ ~ int.nm~ r r ~ ~
i . i o ~ma,
,~
~ bcl nladr 2 % mailirt
r r n d i l i ~ , t t=a<tani.
~ Sllrh ~ ; ~ hrril l lo,
,hr ~\h.ir ddcltsrin.ion
~ ~ b, publi*hd inihc F d ~ r . 1 R r x l r r . T h ~ pc u b l w l r i l ' F ~ n t ~ ~ ~
%i:l
. ' -ill 1.c mrucol rppruprialrl~ h) tlir G ~ *nrre urili8ir~
~ ~ dimr!ly ~by
3.r ,mid I r r m
~ i l i n . ~ !
I:, on ~ l r ahn n i v e n a 7 ~ r cDntr.;l
~ .h ~c ~I Hsjla!l ~ ~i t r ~d~j v ~ ~!~~hyd ~ ~ ibr~q p l i n Ib l c ~ u # o ~ n zn<ninrv a l Adivllmrnl
applying
~ a c r o r,",st n r ~ n t ~p ,u h ~ i s l x i l ,hr tincmrnml. c n ! l t r a ~ nrm, hr ~ ~ i j u vu ndr a n l or d o w n w a d i s mar br .ppro~ri.!c:
~ ~
... horckrr. i n nu .arc shall thr .djunrd Con!r.n Ren$* br lu, lhrn ihr Conll.cI Rrml on Lhc rllrnirr d l l r o l lhr C o n l n r l .

I;,. -1 =hi. *rct.on I . 7 h 1 s oprional.


-
liCD-516<5A Ill-751
.... . .~ -
I. n. n.:.I lini~.t,.-.. vol.il nl.nainr.nr
nrhcr prrv:rit*sr ur ;hi$ cctulrric. idjurtmcns~a, p t m a r d in
d,l!crmrc, brlwrm ,hr ,'"ll rhrczrd in. .s,irlnl and r<>mp.riblr un.,irnl
ill;,srrtinn ,hall
un,,.. 2, dulcrminrd br ,he H i * (2nd rpprolrd
rovlt in mx,r,i.i
b" ,h< Go..in.

I m ~ a l . i n ~ h ~ c ~ r ~ ~ d i u ~ i m psrl.rrph l l r r Srniunl; prolidcd.lhal chis lilil.llinnlhall wl bcron3lru.d l o prohihi!,dilrcrcn'rrsin


m m ~ ~ ~rrrlihi.
r c n n trl-rrn a,%i>trdan,! rnmparablc unn<i,!r:l a8mi15 to lhr erlrnt thal'skh dillt;mm may.hsvr cxbtrd i l t h i n p r c r <o ik i n l # l r l C s n ~ r s r ~
ncn,,.

<. adiu,tnlrn, to n r n ; ~A~I,,,,I


~ C<I\Cor rcrmmrn, F1n)nrinli.
81lrr tnr eilcr#~..e d ~ t ro i a a c
actual fin.#n:;og
to ~IIC
Cuntrrc:. Allrr thr projracrmminlly
miir prrgraph c lhslt rpppl, i f i h r pn.j=t 13 not p.rmmm,ly fin-nrrd unlil

tcr#mu an,! the l ~ s l l n ~ i ~purg~ ~ l ~ ~1,all


1 0 ~apply:
~5
(manrnl. thc HFA xhall suhmi~I crrvhcalion to i h r Go~crnrnrntIS

~ ~ . ~
I
inclvdrd lor p l i h l r incrnn, vndrr 1 3 a n ~ n p hr i l l or this Scr.:ion.

III *hil c ~ ~ R .I ~. U ~ bl~rn ~ d j ~ , , in


~ d.rcod.nrr. - m i p.r.p.p~ C~II or CI~) 01 ,hii section. ,hr .moun~ ~r ahc ACC
ronl:mcm.nt l h l ~ ~b; ,;dud by ihr. In..unr or the ~ i ~ a n rco.
i ~ gcontinsmrl. nnd w r h pnun shalt k m.
P .
. I I ~ . c80 ~ ~ttlro t v r r t n i r.t.rid,
ihc ~ r t HFA.
unusu~
h ~ i f a*.
port,nn
. .
p*. -".
. -. r
, . . .. . . . . . . ! p

1.10 H I I ~ S ~ l l iAN0
G LEASING OF IJZITS.

cnlplian;. \\,th E ~ ~ .~I ~ ~ ~ : L I~ I ~~ . , ~~ ~ OT ."*


~ ~Ui ~ ~l I C, . r c . r l i ~ n or FI~;II.. bl ihr o ~ i h .~~ br ~ c ~ wilh ihr ownrr',
in .rmriirnrr
~ r cRousina bl~rkctinpPlan. show i s Exltibit D, m d w i ~ l ~ ' r .rlu:ati~m
G u ~ ~ n m c n ~ . r p p r o~v rn#i i r m ~ tFair l1 rclatins a B i r housing mdrcc.
,i,ing.
-
- b. Sccunl? r n d Uli!iiy Dlrllsilx. L

,I! Thr 0 - n r l mry. rcquin Fimillcl l o p l y r securit:. drpcril i r i n rnlaut#! r q u l l lo nnr mnnlh" Cirml Family Coi~lribulion.II3 Famil?
nn:rl ill unit. ,hr u
lb.:lj .1 sl.<. >,,n anal tan. may ull~lr. I!IC drp.~ic rc;mb.rr.mmt ror uapaid rent or .,her
~moun: o . ~ u d c c ch: la,<. Iithe F X ~ ~ I :has pro%\td r ~crulity~ c p o , i t . and i c is inrurh:irnt for such rrimbut,rmmt. the own.,
mly clrlo rriclh,r~m;:nr iron, the HI:*. ~ ~ va sr z r c d o n ornoun$ cqurl tu inr r;l~~=inder o l olgr month's Con!ncc Rmc. nny rrim-
b u n : i r n l i8r;:r la>$6ccl5on %h>llbr applird firs! coward a n y unl.ri.1 rcm>l. I T L Family ranirr i t s unit o r i n s no rrnl nr mhcr amnuol

1
"-d:, ,hi kale, ir ,hr
uiiuwd baldnrc. rr I h t c r x r lnry be. l o ihr Rmily.
icira illan,he .mnvnc r. ,lit d r p i a . thr oxnirrhru refund the cull amount or ihc
I
I
~ ~

I ~3)ablr.Ali ,nu!iil drpnn luncl%lh.11 hc C:po,i;rd


cimcx. shrl: bc ceu.1 ru lh: total rnmcs~>rt
sith a l l S:A!c a d 1 ~ 2 1,1-5
bj it,? O ~ v r r rin r ~ ! ~ : < g ~hmk
<nll.rzrO Item i:il.nl. ~ l ? r in
l ~ d rcrounl. 2nd Ihc blian:. nf lhir ~ r r o u n t %. I a l l
n a r r. ~ ..olus anr. acrurrd inlrrot. Thr 0rn.r r h r l l r ~ m o l y
n ( t r u.
rcprding i#rrtzcsrpuyrn:nn "$1 ~ ~ u r l ~ ~ d ~ p ~ ~ i ~ ~ ,
..

11) Fal:#i:m ~ h . t l iI;: crpencd l o oblrin ihc lund3 lo pl) xrcurily nsld i#!ilicrdepulilr. ir rrycirrd. l r o n ~llsrir urn r o ~ u r c e randfor olhrr
p,i.nr r, public ,nurc.,.

C. ~ i ~ ~ , h ! , ?scsrction
:, ~r F,z,~>~c~.
III T:~Coxnrr 35r1i t c rcrpon.iblc 1nrlirnrn~inrtion or rrigihili!?. or rpp~icln~,. ICI~CII.~ uf rin,ilir, r~
,. I~.SC drtrmlincd 10 h
r i i ~ i l c .2 2 0 compuc~cinnn l Lh. 2moul>l 01 hl.u.in& rlli.tmrr pl)lnr,lll on b r h r l l o l iarh r d c c l ~ dFamily in .:rurdmce r l l h ~ r k d u l c ,
2nd elilrria ntrh!icllr~.by1B Gorrrnn>rnl. I n il;r initial rrnlin: 'I? ihr Conlrir: Unilr. Ihr 0 - n c r shall lralc lcrs( IhzL grrr<nllyr o l
I b m r unils whbh i l i l a l r d in Srrlinn 1.11 i.7 Very I n r . l n r r o l c F ~ m i l i r $Idccrm~incd in arcurdaacc with lllr Go\rmn.rnl.c%lrbli.ltd
srbrCulcz a#td rri.rrirl 2 n d ~ B li h l c ~ r z l ~ crrcrcixc
r h h bc* clhn%to mrintain :! lrasl 4h.l pcrrcnlasr vr mupznry d the Contrarl
uni,, by V.? ~,*-lnrqnr Fanlilir, 1s d .,.,
millrd in .<.o,"r,,Z. W l l h such .chrduln and ctitcri..

ill na LI.,C cnmrtd in,*


bawrrniht osnrrand .dsncd F ~ ~ ,h.iib.
~ I , the rorm L~~~~ir,liordi,r!he HFA.
(11 r,, ow...c 1ll2ll " l l l ~I ,:ll0nli".li,l" ~r F.l.lil~ Inc"ln.. mmpodlion. and ,hr r.tm, n i rnr~1ir.l m ">her "lnaull ..W">" i"rurrrd
by ,I,:
I:~~,I.. ln., .nlur~:y I C . ~ . ~ , ,hat lvc\l =,i.-, nr ,Iinl.w.~s r. no lDnscr than srrrx in ih. clr or .idrrty
.Frmilir.l. ard approprim rcdnumin>rions shrll br maclr by Ihc Ocnzr o l tile amounl n7 F ~ m i l yomlribvlion 2nd ihr anlounl uf
h"",hg a,,i,,a"c< p3,mc ,,,.
a,, ina<c",d>"c< ~ 4 t h, ~ h e d " , c , >?d c*,c,~; ~ . , ~ h , ; , h c dby ,< G O " C ~ , ~ C " ,I"
. c*nnm,ion ~ i t h , h ~w
cx2m,ma,;un. ~I,C ow,,cr
,hau ~ c I c . ~ , ! ~ c p c r c c ~ l ~"r~F~ ~c s ~ ~in
I ~wcul~,ncy
c, arc F,~;I~C>.
~ W . I O ~ S ~ S C 11 !I,C.C am thnn
thr qr.d tu (..ccntrp nf veer F~
.~
IS
I ina.tunmrr. or OW., .h.v (I,. rarl 10 thr HFA and ,\>BI adops
rhlns.. in hi, rJlll1lli"n pDllrcr l o arhicr.. rr n.," rr povihl.. n, I.=, ill. .grrd I. ,.rcnll.g. of orcvp2nq by such Flnlilirr.

1.11 TEP.>lll:kTlOP Or TENAliCY. TPr O..nr. !hall'br rrrponliblr lor irrminrlian 01 imznrics, iracluding rrrliaru. H o r v < r . mndilhnl b r p p
mcnt h.un,ii zsr*ta,,n p.,nl.nl, rvr anr rc'ul,ing S.V~.I~ ,hall br a. .fi i.nh it, srction 1 . 7 ~ .

P a w 5 oI 7 SUD-1261Sli (11-111
I I?l:l.lil',-,illi 1 I I 5,'!.!;41 I, OF <<,:<ll,.tc~r 1 3 , r s ,',I,, lr.,ll.,:>tt: .:c> ,.,'A\!: 8 l.,<:,tl,.v l'.,A,,l.,, >

,. l i t a l t I , , \ I T,.,~..( r. :;lt.l.!. 11 :A, ~ ~ i llllllll~l.


.~
..st? \it..(. I ~ ~l~lc i.
. o . ~~I ~ ~ll.lIc .,N~,.,
~ (.~
I ~ ..it,.,> ,,,,ll.lll.
,I,. ( J . ~ ~1.,,1,, I,,, .% ltl,l,.,l~ ,..,,,
v,,,., ,,,\,, , , ~ ~ ~ , , , > ~ , . ~ ~ ~ ~+ ,-,.e n , *.r
,., ! . , ~ C8,. ~ . , ,
,% !b>ar* 8~..,%?~t 4.c ~L,,,I.,~,IC
~ I SC.,.!>TX~
C tlmc bib,,, *,SH
Ot?, lr,,\8t>c I.! F,,,"tl#C,. ,c,,, ,;,..,.,,,"
."[".".I. "I.> '." I1 d.,!, n,.,nr rr.!<l,r lllr n.ml.rr nl Cl.,clrrr, I',,,,r ,,I n,,, I,.\, Ill.," #I,<,l,l",l.l., ,1I."I,II\ 111x11.r 11.1,~ l b r .._l,l.,,.,< ,.t
nl wrh numhr 1 lhr nl#nll>rrIS I 0 i!r n,.>rr. rwnlll~l I,I lltr ~ u e i lIh#~ibr%#

I!.
lr.\inr :,v i : d o l # l l n . ~ l l n10 prrrcn'l numbr.

b. A, r,,,)
,,I 1.,1,.,1 ~,,.1 i:.,.h ii,-n....t rrre,,,n, ihr c.,! ,,I I,,. ~nm~i.,!o.r., .,r
r.,,utart anti d ..,h rcnr-;d irm. thr I~I:A. .,,I,
tiu.rm,,tr,,, ,:l,,,.".li. I;>,?, br l.l.ll<C ,,I i b C O l " l . 1 . 11,. n,lnlllrr 1.1 (i.lll.><l Ll,lil\ t o ",.I X.\l 111.11
,.,,"I. 111 111. "YnlLct 811 Y " l l \ Ynlcr
Ir.\r a, n.,,,?.tI,., I h \ , " < ,? I'.,n,l,r. .I ih*, ,,n>r ar I:, Ill. .rrr.,rr "".l.llrr llf .",,< $1, ,,.i,,c,, llr "~?111111, rllr l C . > , l " ~ 1,llil"l: ,,,c I,$,

h e r : LCF and Associates


A Virginia Limited Partnership
By: Lynchburg Covenant Fellowship
,~I'IYCOV~~I. General Partner

,'c7cv,f S # ~ ,,(~ . hC ~ c~ r # c a
- A ; & H7
President /
J<.rr<;i) n l Llrusins lnll i r b l s L)cli.l<l(.n\cnt <Olrircul l i s l r l

".lC July 9th .IQ&O

n+eur&-;. , :

,<I,!i,t"! r,t:,.,
I
I).IIC 4% .,.,% July 9th-: .
., .. . . <
I ., L

U. 5. OQPART~EHT OF H O U i l l i G AH0 UROLH OCYELOPIJENT


SECTIOtI 8 ROUSING ASSISTIHCE PAYMENTS PRDGAAU
HOUSIHG FIN&HCE AND DEVELOPMENT AOENCICI

P&AT II OF THE

HOUSING ASSISTAEICE PAYMENTS COEITRACT

I HEW COASIRUCTION OR.SU8STANTIAL RERABIUTAIION I

II MASTER SECTiON B ACC NUMB€*.

P-5512
ACC L E T NUMBER A N 0 DATE:

P79-126 3/22/79 I
1
TATION PROJECT NUMBER:

1I
2.1 NONUISCRIMINATIOH I N HOUSING. . .
I
II
'

a. Thr 0-ncn i h r l l nm ~n inr sclrnion -I'm:l n.on the pra.von o l .mi:?r. or or my olocc m.nnr,. dirmm80ate aga n u any rrnon on h.
gco~ndl or COI~,. :red. nrp,on. or OI." aipin NO FInon .h.~j br r s r t d ~ r d rmmpullrlp.tlon or br dm rn .".
shr bcvrlnn ol.th. H o n m g Arm%znrc?.)mrnll Pmgsam krr.x of mmbnlh:, i n r c.2" srrh a. mm3nord n o t h m . l r r l p rn.b or pltilc
...',,>.CI. .IC.

b.

c.
The O r n r r i h d l comply r i l h 211 n q u i r m m l r irnpond by Till. V l i l o l t h c Civil Right.
Ihrr.,~.

Thc Owner shall compb .ilh


ACC or 188. and any r u l r i and ngulltionspunuml

211 nquirrmcnl%i m p a r d by Xllr V I o r the Civil R i g h ~ o~r nIW. Public b r 86352. 78 Stat. 241: thr
I
ngdzlionr o r the D c p m r n m l or Housing and Urban Dncloprnrnt i l t u r d ~hcrrunder.24 CFR. Subdrlr A. Pan I. Scclion 1.1. rc sCq.. thr
n g ~ i r r r n e of r ~ r p s n m c n xpvnvant 10 said mguiztionsi and G r c u t i m Order i I W 3 to ihc m d ihrc. i n rcmrdancc ~itkrG
~ ~said AC~.
I h r rrg~ialionsand rcquirrmrntl o r raid D r p r n m r n l ~ b n u n d r r .and said G c r u d r ~Odcr. no pcnmn i n i h r Unilrd S a l a rhzll. .n ihr
. .
ground3 of ram. color. crrrd. nlipion or nnional orisin. br e ~ d u d r dfrom omicioalion in. or br dcnicd LCbcn.811 or. thr Hou5in. ~~~

*r*l.lmrr I'.,rnll 0, Ylogllm. or or OlhCn, v ,rb:rorl lo d:,:rimln.l on. m,. p,o. ..on 0% in;l""ld pun".", to th. 1<g111,1., of I".
~ c p ~ n n r or n t norsing ucbzn D ~ S Copmmt. 24 CFR. s~b8'1.r n. v a n I. s r n : ~I 1.5 ~ '303wrd: rndrc ntlr VI or tnc di., <..:I
R'ahu \rb D 1%.I m a lor nsr:rrmcm> or raia lkprnrnrnc p ~ r n ~ a nt rt %.id r r s ~ l ~ t . o nand
c ih o b l . ~ .m a( <1=0 - n r r to m m ~ l inrcr.
r ..
- i r h l n u n s io fhc brncbl of rhr Govcrnmmt. Lhc u i d Dcprnrn;nl. and'lhc HFA. any or which shali be rnlillcd to inrmkc any rrmcdics
ar%ilrbLby I=* io cdr". any brrach t h o f o r 10corneel rompiirncc ihcsrricb s
chc O w m c

2.2 TRAINING. EMPLOILIENT. AND COXTRACTING OPPORTUNITTES FOR BUSlNEiSES A N D LOWER.INCOME PERsONS.2

1. Thr projrcl l r d s t r d vndrr Ibis Conlncl 1%subjco to rhc rrquircmmu o r l r r l i u n I o r l h c Housing and Urban D s c l o p m m l Are or 1958. rs
amended. I 2 U.S.C. 1701~.Scnion 3 r r q u i r u that, to i h r g r r a r r t cxrm! rca%iblr. o p p ~ n v n i t i abr irzining and emplomcnt b r girrn larr.
inrornr icridrnm 01th. project 2rcr nnd contnrlr r o r w r k i n connection with i h r projcrt be awarded to b u i n a s ronrrrns which are lmlld
in. or 01nd
. i n xubs:m~ial p m by p . r . o n l rniding in, thr arra -1 the p m j m .

b. Nol-itbunding m y n h r r p r m i % i a u llhir C o n s m . thr O m r ; %ball c z r v out l h c pmrMons 6 na 3 e c I i i 1 m6 i h r rcgulslbn, issud


R Y ~ % Y X "therclo
~ by ihc Srrrrtan or Houllng ?nd Urban Dl\.clopmml rcl L n h i n 24 CFR. Pan 135 lpvblilhrd i n 38 Fcdcr.1 Rcgir8.r
29210. October 3. 19731. 2nd i l l applicrblr r v l r l 2nd ordrrr a f l h r S a r r u q brucd ihcrcundcr prior to #he e x s w i m or thb C o n l n n . nc
nquinmcm ~ r . ~ i d i t g i r t i o n in~ludc.but a n not limited to. dr~clopmcntand implcrnen~:.tion an =mrmzniwi .=tion plan ror vli~iling
burinc.r c.ncrm. l a 2 l . d ri,,,in. or .mrd in r v b r l l n l i l l p m b) prnon. nriding in. l h r 2rrz or ih. proj..,; thr making or a good l l i l h
rrrmn. 2 %d d n r d by i h r rrgulnions. to proridc training. rmploymmt. and businnr opponrniniu c r q u i r d by rrr#ion 3; and i n r o r p n r i o n or
I ~ C 3 CI.~,E- rprrifird bys=c~ionIB.ZOI~) or ihr rrguiation. parlg.rph d or ,hi< sc.cion inZII .on~ranl roc-,l; inc.nn.mion
s i t h !he p r o j r m . T h ~Owner e m l f i n 2nd agrees thal hr ii undcr no ron!rarturl or m h r r dbrbilily which would prcrrn! him rrom complying
r i l h ,here rrquitrmm,,.

c. Carnplirnct with LIIC prmisionr o r i r n i o n 3. the r r g u l a t i ~ l nrrs ronh i n 24 CFR. Pan 135. and all applinblc mlrs and o r d m or the Srrrrtmv
isucd ecreunmprior !o appraa; by thr C ~ c m m m or t ihr rppliration for this cont..c(. shall b r condillon o r ~ h FrI~CC~I finmcial
aniltanrr p.oridrd xo ihr proira. bindine uw. ,he omrr, hi. .u....son and .~,i.~,. ~ a i l v r cto rullill ihrsr requircmmtl .~.II .~bi:.t LC
O w c r . hilcnntnrlon l o d r u b m n c n n o o ~hb ru<cnron. and l a i g n * to the sxn:li& s p r i l i r d by this conlnrl.=nd 1.3 mrh rlncfion; ar nrr
r p r r i L ~ dby 24 CFR. Sellion 13S.135.

"EMPLOYMENT O F PROJECT A R M RESIDEMS AND CONTRACTORS

"A. The work 40 br pcrlorrnrd u n d o ,his Contract ix on a pmjrrt n s i r l r d undrr a pmpram praiding dircrl Fcdcral finrnrial nri%lmce
l m m ihr Dcpmmml of Housing and Urban t k v r f ~ m and l is nlbjtct la xbr nquirrmrm%0 1 x c h . n 3 or (be Housing 2nd Urban
DcrclD~nlrnlAct o r 1958. a% arnmdud. 12 U.S.C. 1701u. ScrLion I n o v i r r r that. I. #he trcncrl e x t m t rr.iiblr. o.~.n o n u n i l i n(or
,.*in;., .n*.mpbymtnL br gircn iwrr-inr.3.r raidrn,, d t h r projrc, arc. r n d ..ntn.,. 1.3. work i n <.,"".<o
il n r.i,h ,he p r j i c , br
arardrd lo bllrin... ronrlrnl which arc la.,rd in. or o r n r d i n sub.,rn,i.l par, by P'M". m i d i n g in. ,be arc. o r l h r projm.

"K.me roncrartDr =ill wnd


he.t,,
10
mmrlrl a undm~mnb
li.
ihbor nrp,niutirn
i~ iq. .
notic.
ar rcpnsnxtativc or
d\.irinp
riah which hc ha, r collccttc barpining rprrrn>rnt
the %=id irbor .rcairniz>tiill r. hi, ~ v n ~ n ~ i t ~ n r ~ r r
<lr W ~ ~ C ~ , rrprrn~n~l~irr
'
u n d o lhir srrrion 3 dmrr and rhrll l,ort m p i n of i h r nmiuc in m n ~ p i r v o v splrcvr arailablr lo rml>lryrrs and npplirml> lbr r # n p l ~ ~ ~ n ~ r r ~ r
or i r l h i n g .

2 ~ t r i knllir
~ Srcliun ir ~ h cru n ~ r n nnenwon #he ~ r i ~ dare ~ Contrrm. over i h r mnrinltlm rrrm or this cansrrt. nrc SYYl.MU ur lru.
m i ~ this

PO,!,. I ~r 3 p 3 g t ~ RUDSX~S~
111-7"
., ..
, S .

-,. .'
-1. C S ~ ~ V I ~ = ~ C ~ ,~CCLV;..US~. ~~rS C S ~ , , ~ 3.
~ k ~ p r m ~ ~W,CZI
e n t ! I > C ~ C U ~ ptinr
.c~~xB.~~:,,~B, rt).4h in24 CI:IZ. asa,
~ U ~ to #he C ~ C C SU ~ I~ ' ~~ ! ,~ ~ ~ .II;,II IW
." 11s. >",I :,I! .app~ica~,~c
c,,~,II~~,,~
u
,.I
,,r ~IIC I:F,~?,~I fim,amci2z
,,,,I..R ,,,c
~ ~ . ; ~ c .p,,..~ ~ c
=,,,I ,,,
it^,,^ ,he P ~ C > ~ Lhinsdin~
V~. u~m)n ,he ZPI>I;C=~~"r ~ C ~ P Z Gwr~ Rcuch O - \ ~ , V J I ~ C ~ . it, ru-msr,s. =,%i~~,. F=~II~.C ",,(I
r,,~~i~r ,,,c\c
mquircn8mlr ,hall \#ml>jr.rl l l t r a ~ p l i c x nor
l rrcipirnl. ils :,mlrrr:orr awl w k ~ m m r r a w .it, rurrr<%on.nnd avliyns tn thcur .rnccll,h.
spci6t.d hy #l#rxr:#!~# <>rl,~a#> 2crccmc1#!tnr $r#ovr=cn <hmtuxIa=l>kls l'cderal a ~ ~ i is~ l>mvidc<I, ~ ~ n atnl ~ ct w wch ~ ~ z ~ c a8,. i oarc
t ~ qwcofi~d
~
by N CFK. L ~ l i v n115.15.''

. Ihc Olncr .pen l h l l hr rill be bound hy the a h a . EnlpLvmcnl or Prnjrrl Am= Ilcrldunl~and L'unlolnor% clsuar milh m\pcc! no hir
D m r m ~ l n y m m !p r t i a s =hen h r p m i c m a m i n rcdcrdiy ~ \ s i s a <
~ a k .

1.1 COOPIllnTlON I N FOCdI. OPI*OUrllNlTY COhlP&IANCC RI:YII~\VS. The I I F A .s#d ihc Owner x l z r l l ruoprrrlr with lllr Cut-rnmcnl i n
#he .tlnducoing o l romplillcc n.ricn and romplain! inrrgip>~ionrpunumt to all a p p l x d k civil right. mwlrr. Exccunirr O r d m . and rvici
m d rrgu1.,i,mr pun".", thra,". J
. .. .
2.4 FLOOD rNUPANCE. Ir the plujuct is lmrlcd i n a n =ma ,hat has brrn ~ t n e i f i db r thr S . c r c n v or Housing 2nd urban ~crclnpmcn< 1% an area
h.n
is rpri.c n-.J hapam, ir i h c S ~ I C or n~ imyranrc ha, bcrn mad* . n i ~ a h l r under the l i a t i ~ mF~ I ~ n
~ s v r r ~ Ar rC ~OI 1%,6.
~
o
., arrcll than ih. proj.rt =illbc cm<rd. during its.neiriprtd rd.mnomt or usrrv~ firr. b y nmd in.ur.n~c in hn IEISI .qY.~ 10
ins d r r d ~ p m m tor p i - 2 -8 i l n s ex#irn~xrdland cart1 or to ihr marimurn limit nr mrcrapc mnde n n i r b k with np.rl 10 t k pmiru1.r tw
or ptvny "nd.. shr ~ ~ I l
FIW~ ~ Ai C ~ ~IW.
~ d t ~h ~o r r 'u~ ~ ~ ~ ~ . I-. ~

I 5 Llr.;~ A l l < A n AND F F O r R A L Z T C R P O L L U l O S COY-ROL ACT' I n rompl>nrr ..th m.dst.nn% assrrj br #he FnJeonmintd
~n~c.:t,n nl:ncr ~ c I . A ' , . 10 CFR P ~ I t5 11 F R . 11010. p.<,.. to inr C K ~ hc ,<
. m c n a d ,'nor ACT'). P =
S.C I=?. r l irq.. u
,he Fcd-121 1V11cr Pd1Id1.m CO-IIO! A?,. Y rnlrndrd I"W.trr 1 .irg. m d &u~torr Ondrn 11:18. ,rr
~ r t ' l .11 U.S.C. 1 ~ ~ rr
-- ounr;llG
d.,'

b. HI p,ompn~, nolib the HFA or the r r r t i p ~01 any ~ o r n ~ u n rrnm t i E?A


i ~ ~ ihc ~ ~ indics,ing ihnt. racility to br ~ i t i l i ~
ror~ ,he
d contrrrl
'u vndrr ronlidrralinn to b r l i r l d an ihc EPA Lil, of Violating Facililin:

r. He will comply r i c h all the mquixmrnu or3cti.n


atri. mpon.. md inrsrmation.
mspcnirdr. anO all nlul~lionr
.. WCI mquircment. ~~..ifi.d
=II .the,
and guidclillc3 k l v d !hereunder; and
x.oin 114 .I
I 1 1 o r r h r ~ i rAs! and %relionYI8 or ihc Water Act rclnling I s insprrlien. moniloring.
in ..rdon 208 ihc nir A<, m d the wncr A.I

d. He will inrludr or n u l r lo br included i h r pmiilionr allh'ir 5-tion in w e r j noncxrmpr $ubmn(nn. and ,ha; h. will Iakc such ..lion rr she
n l g dire4 i r z m r z of
C ~ ~ i r n r n rm ~ mio*cing surh p a i % i o n s .

3.6 HFA AND GOVESNMENT ACCESS TO PREMISES AND'OWNER'S RECORDS.

b. T h c 01nrr shall prrmir ihr HFA or the Gove~nmrntar any or their d u b aulhoriicd rrpr.rmalimr to h n c acres%l o ihr p r t m i r . ~and. lor
1 !hc purpmc of audit and n l m i n l l i o n . 10 h r r c aecnr ra any h d r . Cmummn!.. o z p n m d r-4% or ~ h Ornrr
r ,hat arc pmmcnr r. .om.
I plbnre r i ~ ,his
h c o n ~ n r inrlvdlng
~. ihc vcrificstion or inrmrmation p n i n r n t lo the hovsinz nnisnncc payncnxx.

1.7 FA11 U R E OR l N n B l L l T Y O F I I F A TO C O L r P L I WITH CONTRACT. T h e b l l o r i n g proririonr of thr ACC arc hemby madr 1 pm o r chis
contrrrl;

" l r l nights .ron


lr ir HFn D.r.~l~. under

"Ill l n i h ~ w m l o r ~ r i l u r c n r l lHFA
l r ~ o r o m p l ~ r iihr
l h C@nlnrlcilhihrOwnu.ocirru~hContranhbld!ob ~ m i d . . o i d a b l r ~ r v l t r ~ r i qc i~T.
t h c p m u r o r r i g h l ~ r i h r H F Atocnnrr intordrh Csntrzn ix d n s n inmqunxzon in any legal pmcrdinp. or i r l h c H F A rrxrrllor claims #ha#
l u r h Cmnrran is r d binding vprn i h r HFA r m nllr lvrh rn.018. Ihr Gocrrnmea nu". ahrr "wire l o ihr HFA giving il a r n r ~ n a b l r
oppnnunilylo~.~c.or.c.irc.ni.n.n.t.rmin.l~lr ,he orruntllrr~r.nyIv.~l crc.l c.nnilutn 1 subrvdncia~~tr.ul< hc:run:icr. O'II.~ ihr
G u r c m r n m l x ~ d ~ s m ? i n ri rf .%hallhare ihc tight lo urvrne thc HFA's tigllrr and obligalionr underluch Concrac!. perlorn7 i h r obligltions
~ n mror<r
d 11,. riphtr .rolr HFA. 2nd r x r ~ r i r rSWI. o~h..por=rr . S I ~ C c ~ . . nlaln=~r ~ ~ l o~r u ~ r c ~~
l uo ~zl i u i l ; i ~ c m ~ r c r , r h r m
~~i~ro~
~ h ~r o r c m m m xc~cmri o p m r r d it, this nnnnrr.~ h Garcrnn>mt r shall. iri, detrrmincs that m e Owner i* not in dcrwlc. conl181ur for Lr
'' dur.ti.nol cornran ,o pq L ~ ~ U Scon$,ibu,ion,ro,
I ihe pMrW m~l;ingholl,ing .c<i.tm..p=~~s:nu ~8th rE.p.cr GOdwdling vn,tr
' under such C~!llrrrl.

"L2I rill rlphll and obiipuions orthc HFA a%>umrdby tbr Garmmm?pvnvrnt lo *hi%k c t i o n 1.16(1) dl,be m w m d rr mnrlicvlrd a! ihr
tin:= or.,,ch lrnllrn ti1 ihr ~ ~ ~i. utir8.d
i ~ih., ~~ Idrraultr
I ~ ~ been
harr c N S~ C ~ md
t that ihc P ~ O ~. i lC~ ' ~u l m a n ~ rhe admi".
itcrca i n m o r d l x . Wilh all rppllcrbl. .rq.irrm.na. or liii when ,he Hovring An>.,.nrr P.)*nrn,. Conlrl., i, .I m rnd, rh*h.rrr
aT"" >mncr.
. .
nl~dc*ilh. and rort
-UI TIE pmrkion.nrthi~srriion 2.t61.1~~~ ~ ~ ~ r~,hr. b (x,,~~.
~ the~HFA~ (bunr 0~1,~i n i t~s C , P ~ C ~ ~. .Yb n d = r ~ . *r ihr
O..,~.~~..SS~~~~. bcrnrpr.fi..~~?
i~.~~.~h..it~ rpproxd by ,I,. G . tosuch
~ =,irnmcn~. ~ Irru.h
~ partier ~ zm not ~
, i n d ~ r r t j i t .t i q may.in n r d tmcnrnrcr
~ D I I a r t b~ ~ ~ ~ ~ i ~~,ihc
~ , ~ ~ r~ i . i . n ~r . ~ahrr ~ ~t m ~ ~n dn ~~ ~ ~ n ~~ ~ , = ~ l ) e r ~n~ ~~ t ~i ~~r ri ~r ni tn~ ~, ci
~~ n
aa,nlnblr U P P I I C Y ~ ~ ~I ~Z! ~~ C C O ~ o~ cLl i ~~ n~motc1
. C dclcrnllnatinn wh0hrr.r S a D r l ~ n t i ~ DuTrulc
l r r i l l r undcr p.rJlsrlpl1 <rlllln l 3 h i l
. Stninn.liil ir #he Cnrcrnn?cno dr!rrminr.r ihnn a Subs%antialDrrnull r.i>u. den~rndilnc ihc Co.crnn~~nlirk. action as aachc,rirrd in
p"ag#~ph ( d l l l l . und (iiil prowcd r ~ i n , l Lhr Gurcmmmcnl by xuil zr t a r 01 i n cquihy.".
...
.. . .
1.8 R l o l T S OF IlPA A N 0 GU\'BIIPMF.NT I F OWNER DEFAULTS LlNOCR CONTRACT.

. A drrlul, b, ,hr olnrr un4.r this cosrrut II,~II rcrv~l ir:

Ill Thr O r n c r h n r i , > h m


~ roil4 10 m>mplyrith any provision ~ r or
. abligatiou undr.8. #his Cnnlnrr or or nny Lnx; or

I xhc osllrr hrs ...~n~d d.mnn.t.rtrd m in!.oti~ll not to lrrlnrm ZI or xi oblie~~io.l vndc. IYS C ~ S . . ~ L unrlrr .ny
L~.l<r..

b. LIP,,,, r dcnurnlinlliun hi 11., IIFA 111.1 a ,lrrrll!t has olcurnd. mr IIFA rln.11 anlltiry ihc owner. with n copy in ihc G o ~ c r n ~ ~ l cn n lt .(11 t ~ t t ,
,,attmrcatr
,I,VSIC~~,,IL 11,CI,C :tc,it3ns ,,
. C S , U ~ ~ ~ hr take,, ad rcn,~,~ie5to ,pl*~i~,~ s,n acc,xuz~a,S( #I,< ~ C ~ U II ~, ~ ~ c I o~ ~C ~I ~~ L~I h?
~~ Bcthe
S
, O ~ n 4~~ curcr 11tc <I~r:,<~l!. sud. =,kre 2r;>r,,(?r;atc. aL~a~cnlcc~c of ibttm%im< =%>i%&a8tc< i c is, p>,%~>n<trcctwc$y LS cwm.
p a y w c n ~<m w l ~ ~ or
pn.l.r,~.~. IJI ohr llnlr =ill,in ,llr olnr. .lrplllti~ ,h,ri.c ,~,:,t ilr. hrr tilc ;,ni~,~. rrquirr.,~ r. I~I.~.
Ir tllr
OXI,FI r.,k ,%,10,,11,,, t i l l l .cI;,,~ I,. I ~ .Ll l i . ~ c l i ~, . T~~~, ~ C IIFA ,,,Y ~1111.r,,tnm~ 1111. blrn LI~>II lhilrc ihc rich4 i n ~ c m l i n n ~!llil e
Csvs!r.>ct i o n nhvlr ~vrih p:trt or t$s nukc u ~ l ~ cnrre<tIvccr m x i m t t ~:~cl~ivvc w n ~ ~ ~ l i x is)
n cit>
~ ,di%crc!in~nr us dir<ctd hr !lac Gsucron>rmt.

Js,,ikC o ~ S,L U ~ S , ~ ir c u n t r a ~ tI:C~,, ,IC C~ZC,~VC date ~r t h ' ~c,s~,,~c~.


oycr ahc nla.it:lun, COI~I wrnq "r 81,i, contract, S I D I . ~ nr IC...

rdP2 ~ r luyrl
) wYD.316<18
1,,-7.,
II
1.9 Hli\ii:lIII:S NOT I!XO.I'SIYT Ahill NON.lVAIVI:I( 01: 111D11:.1)11!5. 1'11~u n i h b i l i l y o r my remcdy undcr !hi.Cvnllrrl car tho ACC >11aIlmn01
p r c ~ l , f z 8i c1 , ~exc#,.~-,: oi m y ozl#t.r r m ~ t "~tcl y CO~I~X
~ ~,., ~ ,hi+ uC ~r l,s.~~. j l : c o r 8!n,im7 :my pmtixin#t01 I,,*,nut An11 t3nytmctionnask~?n i n ,I,,.,.*,:t,.i%~
el irmr,iy b, dmrnd a r l i r r r u i any o t h ~ r i f l s nr rl.m84il.~. P.,ilum 111i.xq.rrirl. :,lsY rich, "I .>.almh "hall wr .unr*lec w . i r r r ,.iI!,..
,"
,Id,, t,c,ci%c tlu,, 0, a"yo*>c. rid,, ", ,mnc,1y 11, any.m,! i*
' :- 1.10-

.. Exmpl
SGCCC~IC~C
~ o h ~ pr.~.idcdd r lhrwin. diry.rr conan,in: <luurtiun ,,r rrfl .tiri~,~under illb cvnlrrct rtniuh is nnt d i t p ~ r c d by
or S I ~ CIII'A m d n l ~ cowner may brrubmixtcd by r i l h v party I O ~ I O C ~cp..xrncnt ~ liluuxingrnd
dirtc<or -ha L~.I m&e 2 d ~ v d o :xnd
r uzbrn u ~ r r ~ ~ ~ rirld
n rh.1~ msil or atiwwisc rumid, r rlitwn copy t h c t r ~ r t u11eowncr ~ n tile d 111:~.
p m ~ rnf i tu r

. . . ~

srixinc thacrram. I n the crw o r r prajrc! oirncd by r public howins rpcncy. thc rorcgaing prohibition rhzU r l l a apply l o mcmbcnar i h r
gwmnins b d y rrrrhr i o n l i l y Icily and county) i n which ruuh public housing urcncy war i n i n l r d .

2.12 INEKEST 01: \(EMBER OF OR DELEGAE TO CONGRESS. NO mcmbor br ar de~cgatcto thccongcssor ah. unitsd staocr or ~ m e r i c aar
ncsidrnl comrixriuncr r l n l l b z d m i l ~ r dto any r h m or part q r ? l ! i s C o n l ~ r or
t to m y brncnls which m w r n w Ihcrdrom.

1.13 ASSICN\IKNT. S h U . OR TOITCLOSURE.

r. The Owner asroox rllrr hc his no1 mrdc and will not nlrkr my Irlr. r~<:nmcnl. or ronmyrncc or llandcr in any ol11~1 L:m, or :hi%
Cornran or #he prajrcl or any p m lllrrror or m y o r his i n t e r w ihczcin, withaul ihc p i ? r ronlcnl o r the HFA 2nd thc Garcmmcnr:
Rov;dcd. IIOYIICI. t h d i n ihr r u c or m arr$nnmt wrvri8y ror !l>rpvrposr or ablrininz finmcing 01i h r projrcl. l h r HFA and ihr
Govrrnmmt r h l u c o n m n l i n writing i r i h r i c r m ~ o r l l ~
nnm<in$
c hawe brrnrpprbrrd by thr Gorcmmmt.

b. T h c Owner zcrrcr 10 miry t l , ~IIFA snd thc c o r ~ m m c n rp r o i p t l y or >nr propovd artion corrrrd by prrrpnph r o r this srstion.nlr
oc..rrur~l.~ r u m . to rr.br.t thr u..intrn cunr.l c .r lalr H F A . ~ihc ~ G O V ill ,rzard
~ ~tn~rrrro.
~ ~ ~

r. 111 A trmllcr bv ihc Ownon. i n w l ~ o l ror in orrt..oz 2 lrrnlrrrb r r DITW harinn 2 subs'antirl intrrrrt in u i d osvnrr. 07 trrnrrco b r morr

irtvlnre or n ~ ~ .edition.i
w .tmcrrhip i n t c r c ~or~ ~ ~ . . ~ i f i ~ .or
~ i ~~ ~~ ~ ~intrrcltr
r n hor i~ d~ c r ~ i SI~ZII
~ c )b r d c o n d m . n i ~ ~ m m ! .
mnrcyrnrc. or rirnrkf ror puvporcx o r lhir Section 2.13. A88 usdjnmmm by tlnr Owncr toa limilcd prnnrnhip, in which no limilcd prrtncr
h l l r I S pcrrlnl ar more i n l r r r t and orwhich l l l r Ownrr i r illrru1o:cncrrl p~rLncr.Illrllnot be nmridcrrd an rx3isnmcnl. ronrqmrr.or
tran.rei.

(11 nl? n l"c m r thoin~rrcstor any grncv~lpar~ncr.m y l i m i t r t l p.r!ncr harinpr 15 rtrrcnt or mnrc i n t c r n t i n i h r
trrnt " l u b n ~ n t i a l i n ~ c r r u
orpanintlt~n.any~mrporrlcofficer or dirrcfor,rnd any slockholdcr harinsr 10 urrcmlor nlorr inlrrcrl in Lhrurcmilrdmn.

I31 I h e 0v:n.r. 2nd dm p ~ l l yli2ninp Ihis Conlrrcn on b c l ~ r l of


r mid Oumrr. rrprrrcni that l h r y h z r r i h r r u l o i i l y or all or i h r pclin
havinp owncraip inmrcrlsitl tllr Owncr t o a g r a lothi3 prcriricn on thrir b r l ~ x l r m dto bind lhrm wilh rclpcc! Ihcrrlo.

d. I" ,I,, ~r I~,KI~.-SC. -,


assimmmt SC
I 1- !hr I~F, iur m,,mK,.e {r tht 1iv.y i , m% m ~ ~;sI:~- -I ~hmci~srr.er
~ ~ * it,i
thn
wrnt ol ;,~.;i.pt>~nlor u l r .picnl to by ihr I I F . i l ~ ~ r n ~ r m ;il; ~lllr
~ ~Ill:,\~ is nnl i h r ?norlmgcrl
"nd ilpysrr4 lay lllc C s r c r m m l lwhiclt
s w m m ~4.11 he unrrrroiubly drlry14 or wi~hl~rlcll, ho88rini x s r i ~ t m c cpaymmts shilll rnz~!invci n rccordanrc rib 8lsc irmts 01 thc
I
G"~c!.
February 5 , 1979

U. S. D c p n r t o e n t of llousing
and Urban Dcvelopmont
Richmond Area Of f i c c
701 E a s t F r a n k l i n S t r e e t
Richmond, V A 23219

Attention: Mrs. I. I4argoret White, A r e a i.laneger

RE: Lync1,burg High School


lluu P r o j e c t No.: VA 36-14027-135
VllDA ~ & e l o p m c i i t No. : 2 .?.3.134-S/0

Dear Plrs. M i t e :

We a r e s u l m i t t i n g o f i n a l p r o p o s a l f o r t h e a b o v e - r c f c r e n c e d p r o j e c t
w i t h a n approved s o t - a r i d o o f $270.800 whiclr i n c l u d e d a f i n a l i c i n g c o s t c o n t i n g e n c y
o f 523,904. b u t a f t e r w o r k i n g w i t h t h e s p o n s o r s , i t was d c t c r m i n c d t h a t t h e p r o j e c t
p r o p o s a l had been e n l u g e d from ella o r i g i n a l l y approved 65 d w e l l i n g u n i t s t o 70
u n i t s . The t o t a l annual c o n t r i b u t i o n s c o n t r a c t was i n c x e a s e d from $254.904 t o
$302,352--an i n c r e a s e of $47,440 i n t h e t o t a l a n n u a l c o n t r i b u t i o n s c o n t r a c t . I f we
i n c l u d e t h e FCC o f $23,904 approved by your office, t h i s r e q u i r e s o n l y an a d d i t i o n a l
$23,544 t o b e t r a n s f e r r e d from o u r 1978 non-metro S e c t i o n 8 n l l o c a t i o n , which h a s
s u f f i c i e n t s e t - a s i d e a v a i l a b l e t o a l l o w t h c a d d i t i o n a l set-;side needed.

Your o f f i c e ' s a s s i s t a r ~ c ei n t h i s r e q u e s t i s a p p r e c i a t e d .

vcry t r u l y yours,

V1Jli:IllTA LIOUSIIiC DEVEIDPblCtl'T AUTIIORTTY

Executive D i r e c t o r
AUTHORITY

U. 5 . Department o f liousing
a n d Urban D c v e l o p n e n t
Richmonl *ea Office
701 E a s t F r a n k l i n S t r c c t
Richnod. VX 23219

Attention: Nrs. I . :.largaret W n i c e . Area N m a g r r

RE: Lynchbury High S c h o o l (Rehab)


C i t y o f Lynchburg
* WD Pxujec: No.: V R 36-H021-135
VHoA Development N O . : 2.2.3.134-S/8

Dear ilrs. 'White:

I e n c l o s e h e r e w i t h a P r o p o s a l f o r . h o u s i n g t o be a s s i s t e d by ilouaing
- P . s s i s t a n c a Payments J u r s u a n c c o 5 2 c c i a n 6 o f t h e U n i t e d S t a c e s Housing Xcr o f 1 9 3 7 ,
a s amendel. The c o o t r a c t a u t h o r i t y f o r which c h i s P r o p o s a l i s s u b m i t t r l i s i n chc .
t o t a l amount of $ 3 0 2 , 3 5 2 .

A s has bee" r e q u e s t e d by y o u O f f i c e , e n c l o s e d are che o r i g i n a l and f o u r


c o p i e s of a l l d o c u n e n t s c o n s t i t u t i n g tile P r o p o s a l and a l l r e w i r e d e x h i b i t s .

The s u b j e c t h o u s i n g development i s g r o p o s e d t o be r e h a b co?structian and


is to consis:of a t o t a l o f i O u n i t s , 100% cL which a r s p r o p o s e d t o be a s s i z c a d
t h r o u g h S a c t i o n 0 Rousing A n s i s t a n c a Pa-yments. The l o c a t i o n o i t h e praposcd C e -
velopmcnt i s :

7 t h S t r e e t between P K ~
Avsnuc h Floyd S t r e e t tit;. o f Lynchbllrs
s t r e e t A-?dress C i t y o r C0un:y

Sixth
Congressional D i s t r i c c
Eks. I. Wdrgaret :riiitc
. RE: Lynthburg liigh School
Pcbruar, 5 , 1519
Page Three

. .
The eguipment t o b e inc2ud.d in t h e C o n t r a c t sent c o n s i s t s o f : 'rnnqe,
retrigera:or, a i r c o n d i t i o n i n g hook-up, k i t c h e n exhause f a n , and g a r b a g e disposal.

s i t e a m e n i t i e s w i l l i n c l u d e t o t l o t s , paved p l a y area, on-lice a v e d p a r k i n g


s p a c e 5 o n t h e a d Z i t i o n a l t r a c t of l a n d .

The u t i l i t i e s and services which a r e t o be i n c l u 2 e d i n t h e C o n t r a c t W n t


ace: w a t e r , sewer, and s o l i d w a s t c d i s p o s a l .

The u t i l i t i e s and s e r v i c e s t o be p a i d d i r e c t l y by t h e r e s i d e n t s are:


electricity.

:he m o u n t o f t h c a l l o w a n c e s f o r u t i l i t i e s and o t h e r s e r v i c e s arc:

Elonthly ~ l i o w a n c ef o r U t i l i t i e s and O t h e r Services


- By Bedrcom and B u i l d i n q T y ~ e s -
Bui1dir.q No. of
-- T,oe Bedrooms Allowance

- T h e proposed t o t a l t e r m , i n c l u d i n g a l l r e n e w a l s , o f t h e Housing A s s i s t a n c e
Payments C o n t r a c t is f o r t y (40) years. T h i s term i s e q u a l t o t h e t e r n o f p e r m n e n t
m r t g a g e l o a n finm:ing t o b e p r o v i d e d by 'mDA f o r t h e dcvalopment.

In s u b n l t t i n g t h i s P r o p o s a l , I hereby c e r t i f y on b e h a l f o f the V i r g i n i a
Houzing oevelapT,ent A u t h o r i t y , t h a t : .
la) The d e v e l o p e r , b u i l d e r and owner are a c c e p t a b i e
t o :'MA f o r t h e purpose of meeting a l l t h e o b l i -
g a t i o n s of t h e Agreement t o E n t e r I n t o Housing
A s 5 i s t a n c e ?aymcnts C o n t r a c t :

(b) The proposed s i t e meets t h e s t a n d a r d s specified


i n 2 4 CFR S c c t i o n a i i 3 . 2 0 9 ( a ) (1). I , ( 6 ) . and
17) and 24 CFR S e c c i o o 833.209Ibl 1 1 ) and 131;

(cl As r e q u i r s d by 24.CFR S e c t i o n 8 8 3 . 2 0 5 ( b l , ViSA


has determined t h a t t h ~ C o n t r a c t Rents a5 ?KO-
posed a r e r e a s o n a b l e i n r e l a t i o n t o . t h e r c n t s
f o r comparable u n i t s , t a k i n g i n t o s c c o u n t t h e
q u a l i t y , l o c a t i o n , nmcni t i c s , and nanaqcment
kin mdintcnance service; o f ti).? d e v e l o p m e n t ,
utd ti>- i o r t r a c t Rsots r e f l e c t the s a v i n g s . i f
acg, f r o n t h e reduced c o s c s o f :ax exempt f i a -
e n c i n g . T!>c amount o f t h o s e s a v i n g s , a s r < . f l e c t e d
b , t l l o Co:ltract R e n t s , i s $GI. 3 6 / u n i t / n o n t h . and
< . 8

,.
.- - ..:
Y ( j l

7 r\ c . 1'
DEPARTMEN? OF HOUSING n t r o URBAN DWELOPMEM
,AREA OFFICE
101 EAST FRANKLIN STREET
RICHMON0,VIRGINIA 23119
REGION UI
Cunl. Bvildlns
February 2 6 , 1979
6lh and YsLnut Il..rls
Phll.dclphle. Pmnsy>".nl. 19106

t 3.4E

Y i r g i n i a Housing Devel opnient


Authority
Attn: Mr. James F. Kelly
13 South 13th S i r e e t
Richmond, Virginia 23219

Subject: AFFIRI4ATIVE FAIR EDUSING I4ARKETIEIG PLAX


Proiect No.: VA-36-H027-1.32
project Name: Lynchburg H i g h dpartments (Lee School) '
Project Location: Lynchburg, Virginia
No. of Units: 70
HUD Program: Section 8
bie a r e pleased t o advise you t h a t the A f f i r ~ ~ a t i vFair
e Housingl4arketing
Pla~i(copy attached) f o r the subject project meets the require~nentsof
i l U D Hffirliiative Fair Housing Warketing Regulations and i s hereby approved.

A copy of t h i s approved Plan nust be made available f o r inspection by


any interested persons a t the model u n i t or wherever these units a r e
leased. A Fair Housing Poster must also be displayed a t these locations.
The construction sign a t the project s i t e and any other signs advertis-

e--
ing t h i s developxent mu.st include the Equal Housing Opportunity Logotype
and slogan in the appropriate s i z e . Similarly, any brochures o r other
printed fiaterials must also include t h i s logotype and slogan. Such
copies siiould be submitted w i t h your pre-occupancy conference report, or
i f no: developed a t that stage, w i t h your 95ZOccupancy Report. L,~<

;lonthly Rental Reports ( H U D Form 935.4) are to be completed by the v. -.


b... .
developer o r his agent and f i l e d l u i t l i your o f f i c e monthly, follokring I..
rectal of the f i r s t unit until 95% of the units are occupied. A t t h i s k;
l a t t e r stage an2 as agreed upon by your o f f i c e , you will submit the
itails delineated in your l e t t e r of July 29, 1977. After the i n i t i a l 95:;
&: >

rent-up i s completed, reports will be submitted annually on h'UD For111 F:


9301. r:.
L.,.?
L

F
&
i
During t h e rent-up period, a n d , a t any t i m e t h e r e a f t e r , some adjustments
i n t h i s A f f i r n l a f j v e F a i r Housing Marketing Plan may become necessary.

The above-mentioned Rental Reports w i l l keep you advised of t h e progress


bein5 made toward achievement o f t h e r e s u l t s a n t i c i p a t e d from special
outreach e f f o r t s having been undertaken.

Please c a l l Mrs. Rheba M i l b e r r y , F a i r Housing and Equal Opportunity


Divi'sion, Telephone No. (804) 782-2655, f o r any assistance you may
r e q u i r e t o assure t h e successful implementation o f t h i s approved
A f f i r m a t i v e F a i r Housing Marketing Plan.
.*
Sincerely,

J. C a r r o l l Graham
Director
F a i r H o u s i n g and Equal
Opportunity D i v i s i o n

Enclosures

Approved A f f i r m a t i v e F a i r Housing Market Plan

cc:
Lynchburg Covenant Fellowship, I n c .
A t t n : M r . B e v e r l y R . Cosby
P. 0. Box 916
Lynchburg, VA 24504

NOTE: You i n d i c a t e d t h a t a copy o f t h e i n s t r u c t i o n s t o be used f o r


t r a i n i n g of t h e r e n t a l s t a f f was attached t o t h i s plan; however,
i t was n o t included. P l e a s e submit t h i s document w i t h i n 10 days
after receipt o f this letter.
.: .. ..........................,.....
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F c l l o ~ r s h i p , Inc. -LA v,,.t. -:. ..I. ..:. .:-. .... .
P. 0. Box 916
Lynchburg, VA ,24505
Kc*- ipy7.. 70x5
s. I\~rc,l.,lnpJ*',*l.rr,J,llJ,~,,.n,
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li'e keep , Shalom
fairly ~pts.
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lte w i l l consider r a d.......
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t s needed.

11. Tnr.""lirm, *,'CC,


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.. . PIMI~C ~.a,,n,r lar m n
A*,) A c,,a, cr.!
October 23, 1978

Mr. L?rry L. E u r n e t t
l i o u s i n ~Mana~ementO r f i c e r
V i r g i n i a Housing Dcvelapment A u t h o r i t y .
13 South 1 3 t h S t r e e t
Richmond, VA 23219

Dear Mr. B u r n e t t :

Re: Robert E. Lee School (Lynchbur& High


Apartments) -
Rehabilitation,
Lynchburg V i r g i n i a

Attached you w i l l r i n d HllD h r m . 9 1 7 , " C e r t i f i c a t i o " ~ i n Connection


u i t h t h e I r v c l o p m e n t and O p e r a t i o n o f a S e c t i o n 8 Ncw C o n s t r u c t i o n

t i 6 n w i t h t h e above-named p r o j e c t .

I n r e s p o n s e t o y o u r l e t t e r of October
.
o r S u b s t a n t i a l R e h a b i l i t a t i o n P r o j e c t , ' ' p r o p e r l y executed i n connec-

6, 1478, we a d d r e s s h e r e w i t h
I t e m s IV and V o f mrn 917. .
I n r e r c r e n c e t o Item Is, i t i's o u r u n d e r s t a n d i n g t h a t t h e r e a r e no
p e r s o n s i d e n t i f i e d i n t h e l o c a l Housing A s s i s t a n c e P l a n as expected
t o r e s i d e i n t h e community a s a r e s u l t of c u r r e n t o r planned employ-
ment. I f t h e r e should be any p e r s o n s s o i d e n t i r i e d , t h e owner u i l l
t a k e a f r i r m o t i v e a c t i o n t o provide o p p o r t u n i t i e s Tor' s u c h p e r s o n s
t o a p p l y t o r u n i t s i n t h e proposed p r o j e c t .

I n r e r e r e n c e t o I t c m V, t h e owner w i l l n o t u t i l i z e p r e f e r e n c e s o r
p r i o r i t i e s which a r e b a s e d upon t h e l e n g t h o f time t h e a p p l i c a n t h a s
resided i n the jurisdiction. The owner u i l l t r e a t n o n - r e s i d e n t
a p p l i c a n t s who a r e working, o r have been n o t i f i e d t h a t t h e y a r e h i r e d
t o work i n t h e j u r i s d i c t i o n , a s r e s i d e n t of t h e j u r i s d i c t i o n .

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February 9, 2010

Sharon Rowe Downs


Project Manager
HUD Multifamily Housing
600 East Broad St.
Richmond, Va. 23219-4290

RE: Lynchburg High Apartments VA 36-HO27-132

Dear Sharon:

Please accept this letter as our proposal regarding the renovation of Lynchburg High Apartments in
Lynchburg, Virginia. Lynchburg High Apartments are located at 1301 Park Ave. Lynchburg VA, 24501. It
is currently a 70 unit project based Section 8 development comprised of 40 elderly units and 30 family
units developed in a 99 year old high school. The HAP contract is dated July 9, 1980. The owner LCF and
Associates is looking to improve the development by obtaining low income housing tax credits to
renovate the apartments. The current unit configuration is as follows:

38 1 BR Elderly Units
2 2 BR Elderly Units
7 2 BR Family Units
13 3 BR Family Units
10 4 BR Family Units
70 total units

The current configuration has caused some problems, as the 4 bedroom units are very large some are as
large as 2,265 square ft. The size overall size of the units and the very high ceilings make the units very
costly to heat. We have also had difficulty finding a qualified tenant for a 4 bedroom unit in the
Lynchburg area and have had a large number of the 4 bedroom units vacant for much of the life of the
development. Therefore, we are proposing the following reconfiguration after the tax credit renovation
to help solve the problems:

38 1 BR Elderly Units
2 2 BR Elderly Units
15 2 BR Family Units 4 of these units will be market rate units
13 3 BR Family Units
6 4 BR Family Units
74 total units
TAB R
(Documentation of Operating Budget)
Low-Income Housing Tax Credit Application For Reservation

D. Operating Expenses
Administrative:
1. Advertising/Marketing $1,500
2. Office Salaries $38,000
3. Office Supplies $9,500
4. Office/Model Apartment (type______)
5. Management Fee $18,690
3.75% of EGI 252.5675676 Per Unit
6. Manager Salaries
7. Staff Unit (s) (type______)
8. Legal $1,500
9. Auditing $6,808
10. Bookkeeping/Accounting Fees $4,664
11. Telephone & Answering Service $960
12. Tax Credit Monitoring Fee
13. Miscellaneous Administrative $6,000
Total Administrative $87,622
Utilities
14. Fuel Oil $0
15. Electricity $20,000
16. Water $33,000
17. Gas $0
18. Sewer $0
Total Utility $53,000
Operating:
19. Janitor/Cleaning Payroll $2,000
20. Janitor/Cleaning Supplies $500
21. Janitor/Cleaning Contract
22. Exterminating $2,000
23. Trash Removal $5,400
24. Security Payroll/Contract $7,000
25. Grounds Payroll $0
26. Grounds Supplies $750
27. Grounds Contract $2,000
28. Maintenance/Repairs Payroll $55,300
29. Repairs/Material $15,000
30. Repairs Contract $10,000
31. Elevator Maintenance/Contract $10,000
32. Heating/Cooling Repairs & Maintenance $200
33. Pool Maintenance/Contract/Staff
34. Snow Removal
35. Decorating/Payroll/Contract $7,000
36. Decorating Supplies $3,000
37. Miscellaneous
Operating & Maintenance Totals $120,150
Taxes & Insurance
38. Real Estate Taxes $19,030
39. Payroll Taxes $6,500
40. Miscellaneous Taxes/Licenses/Permits $100
41. Property & Liability Insurance $24,000
42. Fidelity Bond
43. Workman's Compensation $2,200
44. Health Insurance & Employee Benefits $22,000
45. Other Insurance $0
Total Taxes & Insurance $73,830
6544
Total Operating Expense $334,602

D1. Total Oper. Ex. Per Unit $4,522 D2. Total Oper. Ex. As % EGI (from E3) 67.14%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $22,200

Total Expenses $356,802

v12.31.09 Page 16
TAB S
(Documentation of Project Budget)
LYNCHBURG HIGH APARTMENTS- CONSTRUCTION COSTS

General Requirements
Building Permit
Insurance (Builders Risk)
Utilities - Water/Electric by Owner
Bond
Telephone
Office & Storage Trailer
Misc. Equipment Rental
Superintendent & G.C. Labor
$ 196,572

Demolition (including dump fees)


All Ceilings
All Floor Covering
Drywall from all exterior walls
Doors & Frames
Kitchen Cabinets
Misc. Walls $ 219,375

Concrete
Misc. Materials for Patching $ 2,500

Masonry & Masonry Restoration $ 128,690

Rough Carpentry
Framing Material
Stud Wall, etc.
Composite Decking $ 65,280

Finish Carpentry
Base
Casing
Closet Shelving $ 18,500

Casework

1
Lynchburg High
Kitchen Cabnts & Vanities $ 304,000

Insulation $ 124,023

Fiber Cement Siding $ 39,300

Roofing $ 33,000

Caulking $ 12,000

Doors/Frames/Hardware $ 48,118

Replace Sliding Glass Doors $ 7,247

Rework Existing Windows $ 20,000

Storm Panels/Insulated Panels $ 174,350

Skylights $ 1,185

Wall Board $ 299,000

Flooring $ 148,000

Painting $ 109,321

Signage $ 5,000

Appliances $ 85,510

2
Lynchburg High
Windows Shades $ 30,700

Elevator $ 124,000

HVAC/Plumbing/Electrical $ 2,250,300

Security $ 93,000

Total $ 4,538,971
OH & Profit $ 340,423
Contingency $ -

Construct Total $ 4,879,394

3
Lynchburg High
TAB T
(Documentation of Financing Sources)
TAB V
(Nonprofit or LHA Purchase Option or Right of First Refusal)
TAB W
(Original Attorney’s Opinion)
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
Lynchburg High Apartments

Marketing Plan for Units Which Conform to


Section 504 of the Rehabilitation Act

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

The Management Agent will be responsible for the management of Lynchburg High Apartments.
Lynchburg Covenant Fellowship (LCF), the Management Agent, will be responsible for all of the
traditional management functions, including rent collection, maintenance, record keeping, reports,
development of budgets, and monitoring resident income qualifications. Additionally, LCF will be
responsible for the development and management of community and resident services program.

I. Affirmative Marketing

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

Any employee who has discriminated in the acceptance of a resident will be subject to immediate
dismissal. All persons who contact the office will be treated impartially and equally with the only
qualification necessary for application acceptance being income and credit, and conformity with the
requirements of the Section 8 Program and Tax Credit programs. All interested parties will be provided a
copy of the apartment brochure. Any resident who has questions not answered by the housing staff will be
referred to the Associate Director or the Executive Director of LCF.

II. Marketing and Outreach

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

1. Networking

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

 Central Virginia Community Services (434-847-8050)

 Department of Rehabilitative Services (434-947-6721)

 Lynchburg Area Center for Independent Living (434-528-4971)

A/72428543.1 1
 Virginia Board for People with Disabilities (804-786-0016)

 Virginia Vocational and Rehabilitation Agency (804-662-7000)

 Centers for Independent Living


- Disability Resource Center (540-373-2559)
- Access Independence (540-662-4452)

 Virginia Rehab Association (804-662-7075)

2. Print Media

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

3. Resident Referrals

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

4. Marketing Materials

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

These marketing materials include:

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

 Flyers - As mentioned earlier, a flyer campaign can be used effectively to market the
community. Each flyer should incorporate graphics as well as a small amount of copy and should
be designed to generate traffic.

 Resident Referral - The least expensive form of advertising is through Resident Referrals. A
flyer should be created and distributed to all residents. ($50 per referral, paid upon move in). In
addition to being distributed to all residents, the referral flyer should be left in the Management

A/72428543.1 2
office and should be included in the move in packet. (People are most inclined to refer their
friends in the first few weeks of their tenancy.) The flyers should be changed several times each
year to reflect the season or any type of special referral program.

III. Public and Community Relations

Equal Housing Opportunity promotions - all Site Signage containing the EHO logo and Fair
Housing posters are displayed in English and Spanish in the Rental Office. LCF encourages and supports
an affirmative marketing program in which there are no barriers to obtaining housing because of race,
color, religion, national origin, sex, elderliness, marital status, personal appearance, sexual orientation,
family responsibilities, physical or mental handicap, political affiliation, source of income, or place of
residence or business.

Additionally, a public relations program will be instituted to create a strong relationship between
management and local disability organizations, neighborhood civic organizations, churches, mosques, and
synagogues, city officials, and other sources of potential qualified residents still to be identified.

IV. Tenant Selection and Orientation

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

Times of Operation - the Management Office will be open Monday through Thursday from 8:30
A.M. to 4:30 P.M. Applicants will be processed at the Management Office in accordance with approved
criteria. Move-in process and orientation to property - applicants meet with the Housing Manager or
designated staff to discuss programs available on the property and will be supplied relevant information to
assist them in their move.

On-site staff will check previous landlord and personal references, verify income, perform
criminal/sex offender and credit background checks for each application taken. Tenant Selection will
include minimum income limits assigned by the Owner. New tenants will be given an orientation to the
property including a review of the rules and regulations, information on the area, proper use of appliances,
move-out procedures, maintenance procedures, rent payment procedures, energy conservation, grievance
procedures and a review of the Lease documents.

Tenant Selection Criteria

Tenant Selection will include maximum income standards under the Low-Income Tax Credit and
Section 8 programs. New tenants will be given an orientation to the property including a review of the
rules and regulations, information on the area, proper use of appliances, move-out procedures, maintenance
procedures, rent payment procedures, energy conservation, grievance procedures and a review of the Lease
documents.

A/72428543.1 3
Application Processing

Application processing will be done by the housing staff at the Management Office, well versed in
Fair Credit Law. As stated before, the processing will include a review of prior landlord references,
personal references, criminal/sex offender and credit reporting and income verification. The on-site staff
will make further review for inaccuracies in the application.

The annual income and family composition are the key factors for determining eligibility. However, the
Property Manager will also use the following criteria in selecting applicants for occupancy:

 Applicants must be individuals, not agencies or groups.

 Applicants must meet the current eligibility income limits for tax credits and any other program
requirements.

Note- If the applicant's denial is based upon a credit report, the applicant will be advised of the
source of the credit report in accordance with the Federal Fair Reporting Act. Guidelines
published by the Federal Trade Commission suggest that apartment managers fall under the
provisions of the Act and are obligated to advise the person refused an apartment for credit
reasons, the name and address of the credit reporting firm in writing. The credit report will not be
shown to the applicant, nor will specific information be revealed.

 We will process the Rental Applications through a credit bureau to determine the credit worthiness
of each applicant. If the score is below your threshold, but you have determined the applicant has
no bad credit and no negative rental history and no criminal history and enough income to qualify,
then you can conditionally approve the application after you have contacted the prior landlord. In
these cases, the application must be reviewed by the Associate Director before final approval.

 We will process the Rental Application through a credit bureau to determine any possible criminal
conduct. Convictions will be considered, regardless of whether "adjudication" was withheld. A
criminal background check will be used as part of the qualifying criteria. An applicant will
automatically be denied if;
 There is a conviction for the manufacture, sale, distribution, or possession with the intent to
manufacture, sell or distribute a controlled substance within the past five years.
 There is evidence in the criminal history that reveals that the applicant has developed a pattern of
criminal behavior, and such behavior presents a real or potential threat to residents and/or property.
 The application will be suspended if an applicant or member of the applicant's family has
been arrested for a crime but has not yet been tried. The application will be reconsidered,
within the above guidelines, after such legal proceedings have been concluded.

 Applicants must provide complete and accurate verification of all income of all family members.
The household’s annual income may not exceed the applicable limit and the household must meet
the subsidy or assisted Income Limits as established for the area in which Lynchburg High
Apartments is located. The annual income is compared to the area’s Income Limits to determine
eligibility.

 Family composition must be compatible for units available on the property.

 Applicants must receive satisfactory referrals from all previous Landlords.

 Applicants must provide verification of full-time student status for all individuals listed on the
application as full-time student for tax credit units.

A/72428543.1 4
 Applicants must not receive a poor credit rating from the Credit Bureau and other credit reporting
agencies and must demonstrate an ability to pay rent on time.

 Applicants must provide a doctor's statement and/or other proof of any handicap or disability if
required.

 Applicants must provide a birth certificate or other acceptable HUD approved forms of
documentation for all household members.

 Applicants must fill out the Application for Lease and all verification forms truthfully.

 Applicants must provide all information required by current Federal regulations and policies.

 Applicants must have the demonstrated ability to maintain acceptable housekeeping standards.

 Applicants must have the demonstrated ability to pay the rent for the proposed unit, without
spending a disproportionate amount of income for rent.

 Applicants must meet current Federal program eligibility requirements for tax credits and any
other programs.

 Preference will be given to those households whose family members are handicapped or disabled
for housing in the units specifically designated for the handicapped or disabled.

 Applicants who meet the above criteria will be placed on a waiting list based on the date and time
of their application. If an applicant turns down a unit for any reason, the applicant will be moved
to the bottom of the waiting list. If the applicant turns down a unit for any reason a second time,
the applicant will be removed from the waiting list.

A/72428543.1 5

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