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Project Description
Project Name: Glenbrook Villas
Address: Gum Branch Road
Will the project meet Energy Star standards as defined in Appendix B? Yes
Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:
Target Population:Family
Will the project be receiving project based federal rental assistance? No
Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: Fitch Development Group, Inc.
Address: 1314 Kenilworth Ave #218
Telephone: (704)632-0407
Fax: (704)631-4664
Site Description
Identify utilities and services currently available (and with adequate capacity) for this site:
Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:
Is any portion of the site located inside the 100 year floodplain? No
If yes:
(a) Describe placement of project buildings in relation to this area:
(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:
Site Control
Does the owner have fee simple ownership of the property (site/buildings)?No
If yes provide:
If no:
(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes
(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for
purchase of the property and the seller of the property?No
If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase: 10/31/2009
Zoning
Present zoning classification of the site:R7
Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?Yes
If yes, have the hearings been completed and permits been obtained?No
If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for
obtaining them:
The property is currently zoned to allow for 39 individual lots. The rezoning process and timeline are
estimated from information provided by the city of Jacksonville. Apply for rezoning: Jan 16th. Planning
board recommendation: Feb. 9th. City Council consideration: March 3rd.
Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:
Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:
Ownership Entity
Unit Mix
The Median Income for Jacksonville city is $49,900.
Statistics
Market Rate.......
Totals............... 72 9 31390
Project Includes:
Separate community building - Sq. Ft. (Floor Area): 1,350
Indicate below any additional targeting for special populations proposed for this project:
Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and
state codes.)
Number of Units: 9
Number of Units: 9
Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.
Targeting
Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to
create another row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.
# BRs Units %
Note: This number should match the total number of low income units in the Unit Mix section.
Funding Sources
Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service
RPP Loan
RD 515 Loan
AHP Loan
Non-Repayable Grant
Owner Investment
Other - Specify:
* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only)
4 Rehabilitation
6 Accessory Building(s)
24 Bond Costs
26 Placement Fee
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 61,682
39 Relocation Expense
44 Rent-up Expense
Comments:
Other:
Have you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
The developer has not used these plans in North Carolina, however these plans were used for the seventy-
two unit Berea Heights apartments in Greenville, SC. These plans are also currently in use for a sixty-four
unit project in McMinnville, TN.
Site Amenities:
The development will also have the following required site amenities: a tot lot playground, a resident
computer center with a minimum of two computers in the community building, a covered picnic area with
two tables and a grill, and the outdoor gazebo sitting areas. The complex will contain a community room
with kitchen, a computer room, protected mail facility and a laundry room containing five washers and
dryers for tenant use.
Onsite Activities:
The on site activities will be coordinated by the apartment manager working with the tenant associations in
accordance with the tenant service plan. Activities available on a continous basis will be the tot lot for small
children, greenspace/athletic field for teenagers and adults. A picnic area and three gazebos will encourage
outdoor activity. The oval interior roadways of the project will also provide a protected onsite walking loop.
The playground will be centrally located to allow for visiability from all buildings in the complex.
Landscaping Plans:
The landscaping plan will be in accordance with Appendix B. The site has some native trees which will be
preserved whenever possible. The landscaping budget for trees and shrubs will exceed the required
minimum of $300 per unit or $21,600 in total. The site will have ample greenspace and this will be
landscaped with native shrubs and plants.
Do you plan to submit additional market data (market study, etc.) that you want considered? Yes
If yes, please make sure to include the additional information in your pre-application packet.
NEIGHBORHOOD CHARACTERISTICS
Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
The site is located on Gum Branch Road approximately 0.2 miles west of the intersection of Gum Branch
and Henderson Drive. The site is approximately 7.85 acres. Directly east of the site is the Jacksonville High
School, to the rear and west of the site are homes in a subdivision in the $150,000 to $250,000 range.
Across Gum Branch Road is an older market rate apartment complex.
Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution
facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,
sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. The land use in this area in residential in character and located
conviently to many different services. Most notably is the sites close proximity to Jacksonville High School.
SITE SUITABILITY
Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. The site had originally been laid out for a 39 lot subdivision and the eight
inch sewer line is to be in place by March 31, 2009 in order for the property owner to protect his sewer
permit. The owner has cleared some of the trees from the site so you will be able to get a good view of the
tract. He left a buffer of trees at the rear of the lot and you cannot see Northwood Drive, the subdivision that
backs up to the tract of land. We intend to leave this buffer in place. The other trees left on the site are pines
and some small hardwoods. The hardwoods do not have any large canopies to provide significant shade,
therefore the remaining trees will provide minimal enhancement to the site. Jacksonville now has a public
transit system and the city has told us that we can request a stop at the site. There is a traffic signal at the
intersection of Gum Branch and Henderson Drive, this signal provide breaks in the traffic along Gum Branch.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large
boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
This being a coastal site,it provides all of the attributes of similar sites; namely the water table will be within
ten feet of the surface, the soil is a gumbo type soil that will have to be removed from the road beds and
building pads and a better quality soil trucked into the site. Since the site has had some clearing and a ditch
and retention pond are in place, the site will have over a year to drain before building begins. The site is
relatively flat with minimal contour differentiation.
For each applicable neighborhood feature, enter distance from project in miles.
.1 Public Transportation
.2 Schools
Stop
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.
Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).