RTC App - Project Description

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App#: APP08-0011 FULL APPLICATION Project Description

Project: Lawndale Apartments

Applicant: Silver Street Development Corporation IV

Cycle: 2008

Status: Awarded

Project Description
Project Name: Lawndale Apartments Address: City: 2900 E. Kivett Drive High Point County: Guilford Zip: 27260

Applicant Information Site Description Site Control Zoning

Census Tract: 37081014503 Block Group: N/A Is project in Qualified Census Tract or Difficult to Develop Area? No

Ownership Entity Unit Mix Targeting Funding Sources Development Costs Market Study Information Applicant's Site Evaluation Development Team Projected Operating Costs Projected Cash Flow Minimum Set-Asides Full Application Checklist Jurisdiction Phone: (336)883-3293 Political Jurisdiction: Jurisdiction CEO Name: Jurisdiction Address: Jurisdiction City: City of High Point First:Rebecca Last: Smothers 211 S. Hamilton Street High Point Zip: 27260 Title: Mayor

Site Latitude: Site Longitude:

35.5225 -79.2244

Project Type: Rehab Is this project a previously awarded tax credit development? No If yes, what is the project number: Is this a request for supplemental credits? New Construction/Adaptive Reuse: Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? If yes, list names of previous phase(s): Rehab: Number of residents holding Section 8 vouchers: 0

Will the project meet Energy Star standards as defined in Appendix B? No Does a community revitalization plan exist? No Will the project use steel and concrete construction and have at least 4 stories? No 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? Yes If yes, provide the subsidy source: HUD and number of units: 56 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.)

https://www.nchfa.org/Rental/RTCApp/(S(wqc35045b2ed5...b111f4cb39&SNID=3ceaa7e0-bb88-4fc3-963e-f22981d52cc3 (1 of 2)9/16/2008 1:32:05 PM

RTC App - Project Description

Number of Units: 6 Persons with disabilities or homeless populations: 10% of the total units.

Number of Units: 0 Remarks: 5 units will be prepared for mobility impaired and 1 unit will be prepared for the hearing/vision impaired.

https://www.nchfa.org/Rental/RTCApp/(S(wqc35045b2ed5...b111f4cb39&SNID=3ceaa7e0-bb88-4fc3-963e-f22981d52cc3 (2 of 2)9/16/2008 1:32:05 PM