[xls] · web viewsingle-family homebuilders that can meet at least one of the above requirements...

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A COMPLETE APPLICATION INCLUDING AN ELECTRONIC VERSION OF THIS APPLICATION, A HARD COPY OF THE APPLICATION, AND ALL SUPPORTING DOCUMENTATION MUST BE RECEIVED IN ITS ENTIRETY BY THE DEADLINE.

Submit an electronic version of this spread sheet with your application. You may send it via email or provide a copy on a CD.

DO NOT COPY AND PASTE FROM OTHER SPREADSHEETS OR FROM WITHIN THE DOCUMENT - IT WILL CORRUPT CALCULATIONS

Submit one copy of the application in a three-ring binder. The application must be printed in its entirety with no exhibits or supporting documentation between the pages. Exhibits and Supporting documentation should be placed at the end after the application. Helpful Hint: Use pages 3 and 4 of the application as an index for your exhibits.

To print the entire application go to "File", "Print", in the "Print What" box select "Entire Workbook" and then press "OK".

If you are not requesting Tax Credits or if you are not requesting HOME funds (Page 5 Section B), the fields that do not apply will be grayed out.

Please use "x" when answering yes/no questions and choosing between options, unless a Drop Down Menu is provided.

A hard copy of the application with the appropriate signatures and all attachments must be received by the deadline in order for the application to be ranked. Incomplete applications or applications received after the deadline will NOT be considered.

WYOMING COMMUNITY

DEVELOPMENT AUTHORITY

(WCDA)

2016

AFFORDABLE

HOUSING PROGRAMS

APPLICATION

(HOME, TAX CREDIT & TAX EXEMPT PROGRAMS)

Application Page 2

WYOMING COMMUNITY DEVELOPMENT AUTHORITY (WCDA)2016 AFFORDABLE HOUSING PROGRAMS APPLICATION

TABLE OF CONTENTS

Section Page #I. General Project Information 5-10II. Sponsor Information 11-12III. Development Team 13-14IV. Applicable Fraction Determination 15V. Tenant Utility Information 16VI. Unit Distribution and Rents 17-18VII. Project Financing 19-20VIII. Subsidies 21IX. Project Costs and Uses 22-26X. Development Budget 27-38XI. Estimation Tax Credit Amount 39XII. Project Annual Expenses 40-41XIII. Tax Credit Syndication 42XIV. Development Timetable 43XV. Notification of Local Official 44XVI. Application Fee 45XVII. Applicant Certification 46-47

Combined Application ExhibitsA-1 Affirmative Fair Housing Marketing Agreement 48A-2 Development Team Experience 49-54A-3 Previous Participation Certification 55-57A-4 Environmental Checklist 58-67A-5 Non-Profit Questionnaire 68-70

Application Page 3

AFFORDABLE HOUSING PROGRAMS APPLICATION CHECKLIST

APPLICATIONS MUST BE RECEIVED NO LATER THANFriday January 29, 2016 5:00 pm MST

The following items must be included in the submittal:

Electronic version of the Application provided on CDAffirmative Fair Housing Marketing Agreement (Application Exhibit A-1)List of Development Team experience (See Application Exhibit A-2)

Environmental Checklist. (Application Exhibit A-4)Non-profit projects must also include a Non-Profit Questionnaire. (Application Exhibit A-5)CHDOs must submit a CHDO application and attachments15 year Projected Cash FlowUtility Allowance

Site control DocumentDocumentation of proper zoningFlood plain documentationEstimated tax expense from County Assessor (or current assessment for Rehabilitation projects)Location Map, showing location of the site relative to the surrounding neighborhoodCity Map, showing location of the siteMap showing zoning of the site and adjacant areasSketch plan of site (3 dimensional if possible)Floor plans

The Wyoming Community Development Authority Affordable Housing Allocation Plan is aseparate document and is available from WCDA. Applicants must review the Allocation Plan in detail prior to completing this application.

Completed Original 2016 Affordable Housing Programs Application with Original Signatures. (No substitutions or changes to this form will be allowed). No Faxed copies will be accepted.

Previous Participation Certificate and Authorization for Release of Information. (Application Exhibit A-3)

An independent comprehensive, timely, and professional Market Study. At a minimum, the Market Study must include those items outlined in the Current Year Summary Attachment “A” Item “7” of the Allocation Plan. If the Market Study contradicts current economic statistics on file with WCDA, the project will not rank high in the needs category.

Projects located in entitlement cities (Cheyenne and Casper) must have a current letter of consistency with the Consolidated Plan from the appropriate Jurisdiction. (Required on all projects requesting HOME funding.)

Documentation showing the local jurisdiction has been notified and given specific information about the project.

Application Page 4

AFFORDABLE HOUSING PROGRAMS APPLICATION CHECKLIST

Rehabilitation project must submit an itemized list, by unit, of rehabilitation activities and costs.

Detailed written explanation of how and why the applicant feels the scoring criteria has been met.Tax Credit Application Fee

Developer Fee Agreement

Certification of Compliance Training.Financial Statements of Owner, Developer, General Partner and all GuarantorsGeneral Information Notice (GIN) Giving Notice to Existing Tenants of Intent to Apply for Federal Funds and Proof of Delivery.

and supplementary materials required. Once the application is submitted, no further changes relating to Project Selection Criteria will be accepted.

All rental rehabilitation projects must provide a Capital Needs Assessment (including an EconomicFeasibility Assessment of Expenses), stating the viability and long term feasibility of the project.

All Acquisition/Rental Rehabilitation projects must provide an appraisal. The acquisition price onwhich tax credits are allowed will be limited to the appraised value of the property prior to rehabilitation.

Projects built in phases are to complete the application reflecting information on the current phase,and explain each phase and the entire project in the narrative.

Narrative Description of Project. (See Affordable Allocation Plan Current Year SummaryAttachment “D” Item “1”.

Copy of Deed showing ownership changes proving 10 year rule requirements. (Acquisition / Rehabilitation Projects with Tax Credits)

Projects located in a Community Revitalization Plan (CRP) area must provide a current letter from the local jurisdiction, or the state, that the project sits in a CRP area.

The applicant must complete A L L applicable parts of the application form and include A L L documents

Application Page 5

V27 Application Date:

Initial Application

A. Project Name Site Street Address City County Zip Code Allocation Year Application Cycle (See Current Year Allocation Plan)

0B. Tax Credit Requested? Yes/No If Yes, Amount $

Requesting from Tax Credit Non-Profit Set-aside? Yes/NoRequesting from Tax Credit Small/Rural Set aside? Yes/NoRequesting Small/Rural Boost? Yes/No

HOME funds Requested? Yes/No If Yes, Amount $Is this request for a particular Set-Aside of HOME funds? Yes/NoIf from a Set-Aside, which Set-Aside is being requested? (See Set Asides for HOME in the Current Year Allocation Plan)For HOME Projects, amount of HOME match supplied by project: $Sources of local match:WCDA Banked Match Requested? Yes/No If Yes, Amount $For Incorporated Cities or Counties, how much of this HOME request is for administrative fees?

$

Housing Trust Funds Requested? Yes/No If Yes, Amount $0 0

C. Is this a USDA Rural Development or Tax Exempt Bond project? Yes/No

D. Is this project using rental assistance? Yes/No Typeproject based or tenant certificates and vouchers

If Project Based, date of RD/HUD approvalNumber of Project Based Assisted unitsDate Rental Assistance Expires

E. Is this project using CDBG funding? Yes/NoDescribe:

F. Yes/No

G.

Acquisition with units occupied or suitable for occupancy on acquisition date.

I. GENERAL PROJECT INFORMATION

Are any of the above sources to be treated as "Federal Funds"?

Type of Project (check all that apply)New Construction without Federal Subsidies New Construction with Federal SubsidiesRehabilitation* without Federal Subsidies Rehabilitation* with Federal Subsidies

Application Page 5

Acquisition with 10-year rule waiver from Federal AgencyAcquisition with NO units occupied or suitable for occupancy on acquisition date.

Application Page 6

H. Is project a Rehabilitation project with occupied units: Yes/NoIf yes:1 How many households are over income?......................................2 How many households will be rent burdened (paying more than

30% of their income for housing expense (rent plus utilities)?....3 How many households will be displaced?...................................4 How many households will be temporarily relocated?................5 How many households will be permanently relocated?...............

I. Project will give preference for persons on Section 8 waiting lists or thosecurrently holding Section 8 certificates or vouchers. Yes/NoProject will commit to limiting gross rent from all sources to not exceed themaximum as presented in this application. Yes/No

J. Tax Credit Owners irrevocably elects one of the Minimum Set-Aside Requirements

K. Tax Credit Owners irrevocably elects to fix the maximum applicable Tax Credit percentage(s) in effect

as of: NOTE: If an owner does not make an election the IRS will treat the effective date as of the Placed inService Date.

L. Tax Credit Owners irrevocably elects one of the Gross Rent Floor Options:

NOTE: If an owner does not make an election the IRS will treat the rent floor as taking effect on thedate of allocation.

M. Compliance Period

1 Tax Credit Projects:This project will remain low-income with the occupancy described, for the IRS required 15year initial period and an additional years, during which time the owner waives the right to a Qualified Contract, plus an additional 15 year extended use period required by the IRS. ORThis project will provide homeownership to tenants starting in year

2 HOME Rental Projects:This project will remain low-income with the occupancy described, for the HOME required###years and an additional years.auto fill

I. GENERAL PROJECT INFORMATION (Cont.)

Application Page 7

N. Rental Restrictions (Do not Include Manager's Unit)(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income(#) #DIV/0! (%) of the low-income units will be rent restricted to % of the area median income

Note: number of units and % of area median income committed to here will be included in the Land UseAgreement, cash flow analysis and ranking review. 0Sum of units under Rental Restriction does not equal sum of units under low-income targeting

O. Low-income Targeting (Do not include Manager's Unit)(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income(#) #DIV/0! (%) of the low-income units will serve households at % of the area median income

Note: number of units and % of area median income committed to here will be included in the Land UseAgreement or Deed Restrictions, cash flow analysis and ranking review if applicable.

0P. Total number of buildings (actual or proposed)

Q. Type of Housing

R. Type of Units

If "Other" please describe:

S. Number of Floors in the Tallest Building

T. Is there an elevator in each building? Yes/No MUST DESCRIBE "OTHER"

U. Rental Projects: Occupancy will be restricted as follows and will be reflected in Land Use Restrictive Covenants Agreement. 0 If other describe:

MUST IDENTIFY CENSUS TRACT NUMBERV. Is this project located in a Qualified Census Tract? Yes/No #

If yes, evidence of eligibility must be submitted. MUST IDENTIFY DIFFICULT DEVELOPMENT AREA

W. Is this project located in a Difficult Development Area? Yes/NoIf yes, evidence of eligibility must be submitted. Where?

X. Is this project located in a Community Revitalization Plan Area? Yes/NoIf yes, evidence of eligibility must be submitted. Describe:


MUST DESCRIBE "OTHER" UNDER "TYPE OF UNITS"

Application Page 8

Y. Is the site part of an organized plan?If yes, explain and provide documentation. Yes/No

Z. Site Control (e.g. ownership, option, purchase contract) Is site currently under control? Yes/No

in Wyoming.

If Other specifyExpiration date of contract (mon/day/year) Total Cost of Land $Name of Seller PhoneAddress City State

AA. Is site properly zoned? Yes/No If yes, include third party documentationIf no, is site currently in the process of rezoning? Yes/No Provide details:

When is zoning issue scheduled to be resolved?

BB. Are all utilities available to and of the appropriate size for the project? Yes/NoAnticipated availability date If no, provide explanation.

CC. Will support services be provided to the tenants? Yes/NoIf yes, are they included in the rent? Yes/No Describe:

DD. Are there any environmental issues related to the property? Yes/No If yes, describe:


Note: Ownership is a requirement for eligibility for a tax credit Carryover/10% Test Allocation

If yes, control is in the form of (Include documentation):

Application Page 8

If yes, include third party documentation

Application Page 9

EE. Legal description of the property that identifies it as the site in the site control document.Must include Section, Township, and Range in legal description.

FF. Immediately Adjacent Land Uses. (Provide a location map, showing location of the site relative to thesurrounding area; a city map, showing the location of the site; and map showing zoning of adjacant areas)1 North:

2 South:

3 East:

4 West:

GG. If project includes acquiring buildings, buildings acquired or to be acquired from:

If acquired from a related party will related party have an ownership interest in the project afterthe sale? % of ownership

Buildings acquired or to be acquired with Buyer’s Basis

HH. Are additional phases planned? If yes, whenNumber of units Do anticipated funding sources to include Tax Credits,

HOME CDBG None of the above.

II. The project is currently substantially assisted, financed or operated under: DESCRIBE "OTHER"

Describe "Other":


Application Page 10

JJ.was or will be acquired, and the number of years between the date the building was last placed in service and date of acquisition. If applicable, applicant must submit evidence of approved waiver of ten-year rule by a letter ruling from the IRS.

1 N/A 0.0

2 0.0

3 0.0

4 0.0

5 0.0

6 0.0

7 0.0

8 0.0

9 0.0

10 0.0

11 0.0

12 0.0

13 0.0

14 0.0

15 0.0

16 0.0

17 0.0

18 0.0

19 0.0

20 0.0


List below, by building address, the date the building(s) was last placed in service, date the building

THERE IS NOT 10 YEARS BETWEEN THE LAST PLACED IN SERVICE DATE AND PROPOSED ACQUISITION DATE AND THE PROPERTY DOES NOT MEET THE DEFINITION OF FEDERALLY-ASSISTED. ACQUISITION NOT ELIGIBLE FOR ACQUISITION CREDITS

Building AddressYearBuilt

PIS-Date of Building by Current Owner

ProposedAcquisition Date

# yearsbetween PIS & Acqu.

Application Page 11

II. OWNER/SPONSOR INFORMATION

The Sponsor must be either a legal entity (e.g. partnership, corporation etc.) or individual who will

unless the project is presented by a CHDO, the Sponsor will be the project owner.

A. Owner/Sponsor

Taxpayer ID Date Tax ID Obtained

Street Address

City County State Zip

Contact Person

Phone Fax

Email Address

Has an employee of the project owner attended compliance training by a nationally recognized firmwithin the past 5 years? (Please provide certificate) Yes/No

Type of Owner/Sponsor

B. Legal Status of Owner/Sponsor

be named on IRS Form 8609 as the project owner. WCDA reserves tax credits to the sponsor.Reservations are not transferable, and name changes are not allowed. Under HOME

Required materials for General Partnerships, Limited Partnerships, Limited Liability Companies, and Corporations include: articles of incorporation, by-laws, partnership agreement and other relevant information regarding legal status.

Required materials for Non-Profit Corporations include: articles of incorporation, IRS letter of 501(c)3 or 501(c)4 status, non-profit Certificate of Incorporation and Certificate of Good Standing (Secretary of State), non-profit set-aside eligibility questionnaire description of material participation in ownership and management.

Application Page 12

II. SPONSOR INFORMATION (Cont.)

C. Partner informationPartner's Name Tax ID # % of ownership

0 0

D. Non-profit Designation 501(c)(3)501(c)(4)

E. Has the sponsor or other principals previously received tax credits and/or Home funding inWyoming? If yes, which year(s) In other states? If yes, which year(s)

A PREVIOUS PARTICIPATION CERTIFICATION MUST BE SUBMITTED SEE APPLICATION EXHIBIT A-3

F. Contact Person During Application Process:

Name

Company

Address

City State Zip Code

Phone Fax

Email Address

Capacity

Hint: To input less than 1%, input as 0.##

Application Page 13

III. DEVELOPMENT TEAM

The Developer is the entity or individual responsible for the project from the beginning through the construction period until the project is placed in service.

A. Developer

Taxpayer ID Date Tax ID Obtained

Street Address

City County State Zip Code

Contact Person

Phone Fax

Email Address

Type of Developer

B. Legal Status of Developer



Application Page 13


Required materials for General Partnerships, Limited Partnerships, Limited Liability articles of incorporation, by-laws, partnership agreement and

articles of incorporation, IRS letter of 501(c)3 or 501(c)4 status, non-profit Certificate of Incorporation and Certificate of Good Standing (Secretary of State), non-profit set-aside eligibility questionnaire description of material participation in

Application page 14


C. Detailed information (address, phone, contact person, qualifications) for each of the development team is to be included in Application Exhibit A-2.

Name Tax ID Number

Developer 0 0

General Partner

Contractor

Management Company

Sponsoring Organization

Consultant

Tax Attorney

Tax Accountant

D. Identity of Interest among Development Team and/or Ownership Entity

Do any members of the development team or ownership entity have any direct or indirect, financial orother interest with any of the other project team members (including owners interest in the construction company or subcontractors used)? Yes/No

If yes, provide a description of the relationship.

Application page 14


Detailed information (address, phone, contact person, qualifications) for each of the development

Do any members of the development team or ownership entity have any direct or indirect, financial orother interest with any of the other project team members (including owners interest in the construction

Application Page 15

IV. APPLICABLE FRACTION DETERMINATION

Site SizeA. Total Site / Land (Number of acres)

Unit Sq FtNumber of Units* % Square Footage* %

LIHTC Units auto fill from page 17 0 0 auto fill from page 17HOME Units auto fill from page 17 0 0 auto fill from page 17Project Based Assisted UnitsOther Restricted Units

Total Low-Income / Rent Restricted Units 0 #DIV/0! 0 #DIV/0!auto fill from page 17 auto fill from page 17

C. Common Use Space Number of Units and Square Footage Employee-Occupied (including Mgr. units) 0 0 auto fill from page 17Owner-Occupied ResidentialOther - laundry, office etc. n/a

Does Common Area include a 24 hour Community Room? NoDoes Community Room include a Kitchen and Bath? No

C. Total Common Use Space 0 #DIV/0! 0 #DIV/0!

D. Total Tax Credit Eligible Basis 0 #DIV/0! 0 #DIV/0!

E. Market Rate Number of Units and Square Footage

Market Rate Units 0 0 auto fill from page 17Other Units

E. Total Market Use Space 0 #DIV/0! 0 #DIV/0!

F. Total Low-Income, Common Use, and Market Rate Number of Units and Square FootageF. Total (B+C+D) 0 #DIV/0! 0 #DIV/0!

G. Total Commercial (not common) Use #DIV/0! #DIV/0!

H. Total All Buildings (E+F) 0 100.0% 0 100.0%

B. Restricted Number of Residential Units and Square Footage

When a unit is designated in more than one category (i.e. LIHTC and HOME) the Total number of Residential units below will not equal the sum of the number of units by category.

B.

Application Page 16

V. TENANT UTILITY INFORMATION

A. Indicate which of the following costs are paid by the tenant or the owner, and type(e.g. gas, electric)

Tenant Owner Gas Electric Propane### 0 Heating ### 0 Hot Water ### 0 Cooking ### 0 Lighting ### 0 Air Conditioning ### 0 1 Water ### 0 1 Sewer ### 0 1 Trash

3B. Utility Allowance by bedroom size (used when tenant pays all or a portion of the utilities.

The Utility Allowance is added to the rent before comparing to the maximum rent allowed.)

0 - Bedroom $ 0 - Bedroom $





5 - Bedroom $ 5 - Bedroom $0

Public Housing Authority

Other (Specify)

Effective Date of Source Information:

If Owner does not pay for Water, Sewer and Trash a negative Utility Allowance must be entered under Owner Paid Utility Allowances.

UTILITY ALLOWANCE FOR TENANT PAID UTILITIES

UTILITY ALLOWANCE FOR OWNER PAID UTILITIES OTHER THAN WATER,

SEWER AND TRASH

Source of Utility Allowance Information (Check One) (Attach Copy)

Utility Company (Must be broken down by appliance used.)

Application Page 17

VI. UNIT DISTRIBUTION AND RENTS

Incomes may not exceed Rent by more then 5%A. Information on Units

Restricted UnitsRent Income

Number Number Total Monthly Total Restricted Restricted Type ofof of Sq. Ft. Sq. Ft. Tenant-Paid Monthly to ? % of to ? % of Unit

Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? HOME?0 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.00

Totals: 0 0 $0.00

Qualifying Managers UnitsRent Income


Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? Home?0 $0.000 $0.00

Totals: 0 0 $0.00

Non-Restricted UnitsNumber Number Total Monthly Total

of of Sq. Ft. Sq. Ft. Tenant-Paid MonthlyBedrooms Units Per Unit Per Size Rent Per Unit Rent

0 $0.000 $0.000 $0.000 $0.000 $0.000 $0.00

Totals: 0 0 $0.00

For a restricted unit, the combination of tenant-paid monthly rent and the utility allowance may not exceed the maximum allowable rents under the federal tax credit statute. When calculating these rents, you must round DOWN to the nearest dollar. Rents for HOME Assisted units may NOT exceed the Low HOME rent as shown in the Current Year Summary Attachment "C" Item “2”.

Application Page 18

VI. UNIT DISTRIBUTION AND RENTS (Cont.)

B. Project Monthly Income

TOTAL MONTHLY RENT FOR ALL UNITS $0.00

$

$

$

TOTAL MONTHLY MISCELLANEOUS INCOME $0.00

SUBTOTAL RESIDENTIAL RELATED INCOME $0.00

Less Vacancy Rate 10% $0.00

TOTAL MONTHLY RESIDENTIAL INCOME $0.00

C. Project Annual Income

Total Annual Rent For All Units $0.00

Total Annual Miscellaneous Residential Income $0.00

Less Annual Vacancy Rate $0.00

TOTAL ANNUAL POTENTIAL GROSS INCOMEFROM ALL RESIDENTIAL SOURCES $0.00

TOTAL ANNUAL GROSS COMMERCIAL INCOME

TOTAL PROJECT INCOME FROM ALL SOURCES $0.00

Number of Parking Spaces in Project

Miscellaneous MONTHLY Income Related to Residential Use (specify)

Application Page 18

0 0.1

VII. PROJECT FINANCING (SOURCES OF FUNDS)

A. Construction Financing

to be listed in section XI) and provide copies of same. Any owner equity contributions or deferred fees should also belisted below if the funds will provide a source of financing. Indicate with an asterisk (*) enforceable financing commitments.

Amount of Interest CommitmentName of Lender or Other Source Funds Rate Term Date

1Provide Details Below



HOME Investment Partnership Loan(s) Deferred CostsDeferred Fees/Costs not expended during construction $0.00 Deferred Developer Fees ►Tax Credit Equity "Deferred" Reserves ►Total Residential Construction Funds: $0.00 Perm Financing Fees ►

(Please include commercial space on a separate sheet.)Total Costs not expended during Construction ► 0.00

1 Name of Lender/Contact 0 Contact:Address City State Zip Code Phone

Source: Tax Exempt Bond Tax Exempt Bond Taxable Bond CDBG Conventional HOME Owner EquityFederal Local Govt. State Govt. Private Other (Specify)

Type: Amortizing Loan Deferred Loan Forgivable Loan Grant Balloon Credit EnhancementOwner Equity BMIR**Loan Other (Specify)







Please copy this page for additional Residential Construction Lenders/Sources.

** Below Market Interest Rate

List all preliminary and enforceable (firm) financing commitments, including grants (tax credit syndication information

Application Page 19








Subtotal from prior page $0.00

Total Residential Construction Funds: $0.00(Please include commercial space on a separate sheet.)













Application Page 19b

VII. PROJECT FINANCING (SOURCES OF FUNDS)B. Permanent Financing


AnnualAmount of Interest Debt Commitment

Name of Lender or Other Source Funds Rate Service Date1 / $0.00

Provide Details Below

2 / $0.00Provide Details Below


HOME Investment Partnership Amortizing Loan / $0.00HOME Investment Partnership Deferred Loan 3.000% / - $0.00Deferred Developer Fees 0.000% 144 / 144 $0.00

Permanent Financing Subtotal $0.00

Net Proceeds Low-income Tax CreditTotal Residential Permanent Financing Funds $0.00 $0.00

(Please include commercial space on a separate sheet.)










Please copy this page for additional Residential Permanent Lenders/Sources.



Term in mo./Amort in mo.

Net Proceeds Historic Tax Credit Please include commercial space on a separate sheet.

Application Page 20

VII. PROJECT FINANCING (SOURCES OF FUNDS) (Cont.)B. Permanent Financing



Name of Lender or Other Source Funds Rate Service Date4 / $0.00



6 Grants only listed here n/a / n/a $0.00Provide Details Below

Subtotal from prior page $0.00Permanent Financing Subtotal (both pages) $0.00HOME funding Subtotal from prior page $0.00 $0.00

Deferred Developer fee from prior page $0.00$0.00

Net proceeds LIHTC from prior page $0.00Total Residential Permanent Financing Funds $0.00 $0.00








6 Name of Lender/Contact Grants only listed here Contact:Address City State Zip Code Phone






Net proceeds Historic TC from prior page Please include commercial space on a separate sheet.

** Below Market Interest RateApplication Page 20b

Application Page 21

VIII. SUBSIDIES

A. Credit EnhancementsWhat, if any, Credit Enhancements are expected to be used? Yes/No

FHA Insurance

Private Mortgage InsuranceLetter(s) of CreditOther (specify)

Will the use of any of the above "Federal Financing, CDBG or Credit Yes/No

If yes, which ones?

Note: WCDA does not perform subsidy layering reviews. When needed HUD must perform the review.

B. Rent Subsidy Anticipated Approval Date# units

Rural Development (RD) #DIV/0! %HUD Project-Based Section 8 #DIV/0! %Section 8 Mod Rehab #DIV/0! %HUD Vouchers #DIV/0! %HUD Tenant-Based Certificates #DIV/0! %Other (specify) #DIV/0! %

###Sum exceeds 100%

C. Pre-Existing Subsidies (Rehab and Rehab/Acquisition projects only)

Indicate with an "X" any of the following that are currently utilized by the project.

HUD Sec 221(d)(3)HUD Sec 236HUD Sec 236 and Tax ExemptsHUD Sec 8 New Constr/Sub RehabHUD Rent Sup/RAPRD 515RD 521 (rent subsidy)Tax Exempt BondsState/Local

Will the mortgage insurance or financing subsidy continue? Yes/NoSpecify

Enhancements in conjunction with any other Federal Program, trigger HUD Subsidy Layering?

Application Page 22

IX. PROJECT COSTS AND USES

Itemized Costs Actual CostsLAND AND BUILDINGS

Land

Existing Structures

Demolition

1. SUBTOTAL $0.00 $0.00

SITE WORK

On-site Work (A)

Off-Site Work

Environmental

2. SUBTOTAL $0.00 $0.00 $0.00

REHABILITATION AND NEW CONSTRUCTION

New Structures (B)

Rehabilitation (B)

(B)

Building Permit/Fees

3. SUBTOTAL $0.00 $0.00 $0.00

List all residential project costs (including non-LIHTC units) and the appropriate eligible basis amount in the appropriate eligible basis column. (Specify what ALL "other" costs are.) HOME only Projects, use "Actual Costs" column only.

30% PV Eligible Basis (4% Credit)


AccessoryStructuresGeneral Requirements(Max 6% of (A+B)Contractor Overhead(Max 2% of (A+B)Contractor Profit(Max 6% of (A+B)ConstructionContingency

Other(Specify)

Application Page 23


Itemized Costs Actual Costs




PROFESSIONAL FEES

Architect Design

Architect Supervision

Attorney, Real Estate

Consultant / Agent

Engineer / Surveyor

4. SUBTOTAL $0.00 $0.00 $0.00

CONSTRUCTION INTERIM COSTS

Hazard & Liability Insurance

Payment Bond

Performance Bond

Credit Report

Construction Interest *

Origination Points

Discount Points

Credit Enhancement

Inspection Fees

Title and Recording

Legal Fees

Taxes

Appraisal

5. SUBTOTAL $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

Application Page 24






PERMANENT FINANCING

Appraisal

Bond Premium

Credit Report

Discount Points

Origination Fees

Credit Enhancement

Title and Recording

Legal Fees

Prepaid MIP

6. SUBTOTAL $0.00 $0.00 $0.00

SOFT COSTS

Feasibility Study

Market Study

Environmental Study

Tax Credit Fees

Consultant Fees

Cost Certification

7. SUBTOTAL $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

Application Page 25






SYNDICATION COSTS

Organization Costs

Bridge Loan

Tax Opinion

8. SUBTOTAL $0.00 $0.00 $0.00

DEVELOPER FEES

Developer Overhead

Developer Profit

Accounting

9. SUBTOTAL $0.00 $0.00 $0.00

PROJECT RESERVES

Rent-Up Reserves - Lease Up

Operating Reserves

Replacement Reserves

Escrows

Marketing

10. SUBTOTAL $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

Other(Specify)

Application Page 26






TOTAL RESIDENTIAL COST

TOTAL $0.00 $0.00 $0.00

Less Historic Credits (provide basis calculation)

Less amt. of non-recourse financing

Less non-qualified units of higher quality

TOTAL ELIGIBLE BASIS $0.00 $0.00

Less portion of federal grant used to finance qualifying development costs

IF PROJECT CONTAINS COMMERCIAL USE SPACE, PLEASE PROVIDE BREAKDOWN OF COMMERCIAL COSTS ON SEPARATE SHEET.

Expected basis in the project at the end of the 2nd year after the year for which the carryover allocation would be made.

Application Page 27

X. DEVELOPMENT BUDGET

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6

A. Acquisition Costs1. Land $0 $0 $0 $0 $0 $0

2. Existing Structures $0 $0 $0 $0 $0 $0

3. Demolition $0 $0 $0 $0 $0 $0

B. Site Work1. On-site Work $0 $0 $0 $0 $0 $0

2. Off-Site Work $0 $0 $0 $0 $0 $0

3. Environmental $0 $0 $0 $0 $0 $0

C. Rehabilitation and New Construction1. New Structures $0 $0 $0 $0 $0 $0

2. Rehabilitation $0 $0 $0 $0 $0 $0

3. Accessory Structures $0 $0 $0 $0 $0 $0

4. General Requirements $0 $0 $0 $0 $0 $0

5. Contractor Overhead $0 $0 $0 $0 $0 $0

6. Contractor Profit $0 $0 $0 $0 $0 $0

7. Construction Contingency $0 $0 $0 $0 $0 $0

8. Building Permits/Fees $0 $0 $0 $0 $0 $0

9. Other $0 $0 $0 $0 $0 $0

D. Professional Fees1. Architect Design $0 $0 $0 $0 $0 $0

2. Architect Supervision $0 $0 $0 $0 $0 $0

3. Attorney, Real Estate $0 $0 $0 $0 $0 $0

4. Consultant $0 $0 $0 $0 $0 $0

5. Engineer/Surveyor $0 $0 $0 $0 $0 $0

6. Other $0 $0 $0 $0 $0 $0

E. Construction Interim Costs1. Construction Insurance $0 $0 $0 $0 $0 $0

2. Payment Bond $0 $0 $0 $0 $0 $0

3. Performance Bond $0 $0 $0 $0 $0 $0

4. Credit Report $0 $0 $0 $0 $0 $0

5. Construction Interest $0 $0 $0 $0 $0 $0

6. Origination Points $0 $0 $0 $0 $0 $0

7. Discount Points $0 $0 $0 $0 $0 $0

8. Credit Enhancement $0 $0 $0 $0 $0 $0

9. Inspection Fees $0 $0 $0 $0 $0 $0

10. Title and Recording $0 $0 $0 $0 $0 $0

11. Legal Fees $0 $0 $0 $0 $0 $0

12. Taxes $0 $0 $0 $0 $0 $0

13. Appraisal $0 $0 $0 $0 $0 $0

DEVELOPMENT BUDGET:PROJECT USES

Application Page 28

A. Acquisition Costs1. Land2. Existing Structures3. Demolition

B. Site Work1. On-site Work2. Off-Site Work3. Environmental

C. Rehabilitation and New Construction1. New Structures2. Rehabilitation3. Accessory Structures4. General Requirements5. Contractor Overhead6. Contractor Profit7. Construction Contingency8. Building Permits/Fees9. Other

D. Professional Fees1. Architect Design2. Architect Supervision3. Attorney, Real Estate4. Consultant5. Engineer/Surveyor6. Other

E. Construction Interim Costs1. Construction Insurance2. Payment Bond3. Performance Bond4. Credit Report5. Construction Interest6. Origination Points7. Discount Points8. Credit Enhancement9. Inspection Fees10. Title and Recording11. Legal Fees12. Taxes13. Appraisal



Month 7 Month 8 Month 9 Month10 Month 11 Month 12

$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

$0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0

Application Page 29






DEVELOPMENT BUDGET:PROJECT USES Month 13 Month 14 Month 15 Month 16 Month 17 Month 18

$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

$0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0

Application Page 30






DEVELOPMENT BUDGET:PROJECT USES Month 19 Month 20 Month 21 Month 22 Month 23 Month 24

$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

$0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0

Application Page 31

X. DEVELOPMENT BUDGET14. Other $0 $0 $0 $0 $0 $0


F. Permanent Financing1. Appraisal $0 $0 $0 $0 $0 $0

2. Bond Premium $0 $0 $0 $0 $0 $0

3. Credit Report $0 $0 $0 $0 $0 $0

4. Discount Points $0 $0 $0 $0 $0 $0

5. Origination Fee $0 $0 $0 $0 $0 $0

6. Credit Enhancement $0 $0 $0 $0 $0 $0

7. Title and Recording $0 $0 $0 $0 $0 $0

8. Legal Fees $0 $0 $0 $0 $0 $0

9. Prepaid MIP $0 $0 $0 $0 $0 $0

10. Other $0 $0 $0 $0 $0 $0

G. Soft Costs1. Feasibility Study $0 $0 $0 $0 $0 $0

2. Market Study $0 $0 $0 $0 $0 $0

3. Environmental Study $0 $0 $0 $0 $0 $0

4. Tax Credit Fees $0 $0 $0 $0 $0 $0

5. Consultant $0 $0 $0 $0 $0 $0

6. Cost Certification $0 $0 $0 $0 $0 $0

7. Other $0 $0 $0 $0 $0 $0

H. Syndication Costs1. Organization Costs $0 $0 $0 $0 $0 $0

2. Bridge Loan $0 $0 $0 $0 $0 $0

3. Tax Opinion $0 $0 $0 $0 $0 $0

4. Other $0 $0 $0 $0 $0 $0

I. Developer Fees1. Developer Overhead $0 $0 $0 $0 $0 $0

2. Developer Profit $0 $0 $0 $0 $0 $0

3. Other $0 $0 $0 $0 $0 $0

J. Project Reserves1. Rent-Up Reserves $0 $0 $0 $0 $0 $0

2. Operating Reserves $0 $0 $0 $0 $0 $0

3. Replacement Reserves $0 $0 $0 $0 $0 $0

4. Escrows $0 $0 $0 $0 $0 $0

5. Marketing $0 $0 $0 $0 $0 $0

6. Other $0 $0 $0 $0 $0 $0

K.TOTAL USES

$0.00 $0 $0 $0 $0 $0


Application Page 32

14. Other

F. Permanent Financing1. Appraisal2. Bond Premium3. Credit Report4. Discount Points5. Origination Fee6. Credit Enhancement7. Title and Recording8. Legal Fees9. Prepaid MIP10. Other

G. Soft Costs1. Feasibility Study2. Market Study3. Environmental Study4. Tax Credit Fees5. Consultant6. Cost Certification7. Other

H. Syndication Costs1. Organization Costs2. Bridge Loan3. Tax Opinion4. Other

I. Developer Fees1. Developer Overhead2. Developer Profit3. Other

J. Project Reserves1. Rent-Up Reserves2. Operating Reserves3. Replacement Reserves4. Escrows5. Marketing6. Other

K.TOTAL USES


X. DEVELOPMENT BUDGET$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

Application Page 33

14. Other






K.TOTAL USES


$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

Application Page 34

14. Other






K.TOTAL USES


$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 $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

$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 $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

$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 $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

$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 $0 $0 $0

Application Page 35



L. Interim Funding Sources1. Construction Lender 1 $0 $0 $0 $0 $0 $0

2. Construction Lender 2 $0 $0 $0 $0 $0 $0

3. Construction Lender 3 $0 $0 $0 $0 $0 $0

4. HOME funds $0 $0 $0 $0 $0 $0

5. Deferred Developer Fees $0 $0 $0 $0 $0 $0

6. Tax Credit Equity $0 $0 $0 $0 $0 $0

TOTAL INTERIM SOURCES$0 $0 $0 $0 $0 $0

M. Permanent Funding Sources1. Permanent Lender 1 $0 $0 $0 $0 $0 $0

2. Permanent Lender 2 $0 $0 $0 $0 $0 $0

3. Permanent Lender 3 $0 $0 $0 $0 $0 $0

4. HOME Amortizing Loan $0 $0 $0 $0 $0 $0

5. HOME Deferred Loan $0 $0 $0 $0 $0 $0

6. Deferred Developer Fees $0 $0 $0 $0 $0 $0

7. Net Proceeds Historic Tax Cr. $0 $0 $0 $0 $0 $0

8. Net Proceeds LIHTC $0 $0 $0 $0 $0 $0

TOTAL PERMANENT SOURCES$0 $0 $0 $0 $0 $0

N. Cumulative Difference -(Cash Position) (K-L-M) $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0

DEVELOPMENT BUDGET:SOURCES

Application Page 36

L. Interim Funding Sources1. Construction Lender 12. Construction Lender 23. Construction Lender 34. HOME funds5. Deferred Developer Fees6. Tax Credit EquityTOTAL INTERIM SOURCES

M. Permanent Funding Sources1. Permanent Lender 12. Permanent Lender 23. Permanent Lender 34. HOME Amortizing Loan5. HOME Deferred Loan6. Deferred Developer Fees7. Net Proceeds Historic Tax Cr.8. Net Proceeds LIHTCTOTAL PERMANENT SOURCES

N. Cumulative Difference -(Cash Position) (K-L-M)




$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 $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

$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 $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

Application Page 37






$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 $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

$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 $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

Application Page 38






$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 $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

$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 $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

Application Page 39

A. Eligible Basis Maximum

(Example)x 100% = 325,000.00

X #DIV/0!#DIV/0! x 4% 16,900.00325,000.00 no (x 100%)

$0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!4.00%

$0.00 #DIV/0! #DIV/0!### #DIV/0!

#DIV/0! #DIV/0!### no (x 100%)

(Example)x 90% = 630,000

x #DIV/0!#DIV/0! 0.00% #DIV/0!700,000.00 no (x 100%)

$0.00 #DIV/0! #DIV/0!### #DIV/0!

#DIV/0! #DIV/0!### no (x 100%)

B. Gap Method MaximumUSES EQUITY GAP

$0.00 USES (1) #DIV/0!Less SOURCES (2) - $ $0.00

outlined in Allocation Plan FUNDING SHORTFALL #DIV/0! OR EQUITY GAP = $ (3) #DIV/0!

$0.00$0.00 ANNUAL TAX CREDIT REQUIRED

Contractor Profit (Above Limit) - $0.00 FUNDING SHORTFALLTOTAL USES $ (1) #DIV/0! OR EQUITY GAP (3) $ #DIV/0!

10SOURCES Tax Credit “Equity” Reqd = #DIV/0!

Divided by TC Equity FactorPermanent Financing Subtotal $0.00 (See page 43) - HOME Loan $0.00 (The Proposed dollarHOME Deferred $0.00 yield of net syndicationDeferred Developer Fees $0.00 proceeds (or equityNet Proceeds Historic Tax Credits $0.00 contribution) per dollarGrants $0.00 #DIV/0!TOTAL SOURCES $ (2) $0.00 GAP METHOD MAXIMUM = #DIV/0!

C. Total Annual Credit Amount RequestedTOTAL ANNUAL CREDIT AMOUNT REQUESTED FOR THE PROJECT(Lesser of Eligible Basis Maximum and Gap Method Maximum) (See Page 5 Section I Item B) #DIV/0!

XI. ESTIMATION OF TAX CREDIT AMOUNT (Tax Credit Only)

Eligible Basis 30% PV

% low-income units

Qualified Basis (Eligible basis x % of low-income

units)

High Cost Credit Area

Adjusted Qualified Basis

IRS Applicable

Percentage*

Total Annual Credit 30% PV

130% boost not eligible on acq.


% low-income units

Qualified Basis (Eligible basis x % of low-income

units)



IRS Applicable

Percentage*


Total Project Costs (Page 27) $Less Adjustments for overages above limits as

Developers Fees (Above Limit) - General Requirement (Above Limit) - Contractor Overhead (Above Limit) -

¸ by 10 year credit Period

Permanent financing (Page 20) $

of tax credits allocated.) ¸ %

* Due to the Housing and Economic recovery Act of 2008, WCDA will use 9% when calculating the 70% PV Eligible Basis and the six month average of the 4% AFR when calculating the 30% PV Eligible Basis.

Application Page 39

PLEASE NOTE: THE ACTUAL AMOUNT OF CREDIT FOR THE PROJECT IS DETERMINED BY THE HOUSING CREDIT AGENCY. IF THE PROJECT IS ELIGIBLE FOR A HISTORIC TAX CREDIT, INCLUDE A COMPLETE BREAKDOWN OF THE DETERMINATION OF ELIGIBLE BASIS FOR THE HISTORIC CREDIT WITH THE APPLICATION.

Application Page 40

XII. PROJECT ANNUAL EXPENSES (Rental Project Only)

A.

ADMINISTRATION OPERATING EXPENSESAccounting Fuel (Heat/Water)Advertising ElectricalLegal Water & SewerLeased Equip GasManagement Fees Trash/GarbageMgmt Salaries SecurityModel Apartment CableOffice Supply/Postage OtherTelephone OtherAnnual Compliance FeesOther

$0.00 $0.00

MAINTENANCE EXPENSES FIXED EXPENSESElevator Real Estate TaxesExterminating In Lieu of TaxesGrounds Other Tax AssessmentRepairs InsuranceMaintenance Salaries OtherMaintenance Supplies OtherSnow RemovalOther

$0.00 $0.00

TOTAL ANNUAL RESIDENTIAL OPERATING EXPENSE $0.00

ANNUAL REPLACEMENT RESERVES

#DIV/0!

TOTAL ANNUAL COMMERCIAL OPERATING EXPENSES

Maximum PUM* is as stated below plus Utility Allowance for OWNER paid heat, hot water, cooking and lighting.

**not including managers or maintenance unitsMaximum Operating Expense

# of Units Per Unit Per Month Non Manager$370.00 $320.00

25 - 35 $350.00 $320.0036 - 47 $330.00 Required

$320.00 Required

Annual Operating Expenses (Estimated as of the end of the first full year of operation). All residential expenses must be broken out by line item. Category totals only will not be accepted.

TOTALADMINISTRATION COST

TOTALOPERATING COSTS

TOTAL MAINTENANCE COST

TOTAL FIXED COSTS

MONTHLY OPERATING EXPENSE PER UNIT*

*PUM=[Total Annual Operating Expenses ¸ number of rental** units] ¸ 12

< 24

> 48

Application Page 41

XII. PROJECT ANNUAL EXPENSES (Cont.)

B. Projections for Financial Feasibility and Long-Term Viability

Potential Residential Gross Income Year 1...................................................Year 15

Less Vacancy and Collection Loss 10%Effective Gross Income (EGI)Less Annual Operating ExpensesNet Annual Operating Income (NOI)Less Annual Debt ServiceAnnual Cash Flow

What projected annual percentage increase in income will be used? 2.00%

What projected annual percentage increase in expenses will be used? 3.00%

What projected annual percentage increase in replacement costs will be used? 3.00%

PROVIDE SAME CASH FLOW INFORMATION SEPARATELY FOR ANY COMMERCIAL SPACE

Provide a 15-year projection of cash flow using the income and expense figures stated in A. Use the following or a similar format:

Application Page 42

Tax Credit Syndication (Provide as much information as is available at time of application.)

A. Does this project qualify for Historic Rehabilitation Credits? Yes/NoIf yes, what is the credit amount? Estimated Proceeds:

B. Will the LIHTC Tax Credits be offered to investors? Yes/No1. If no, attach a description explaining how the tax benefits will be used and how the project will benefit.2. If yes, answer each of the following: Public IndividualsType of offering: Private CorporationsType of Investor:

C.Total amount of Annual Tax Credits Requested (From Part I. B. page 5) $0.00Amount per year times 10 years X 10Total Amount of Tax Credits $0.00Less:

AttorneyAccountantConsultant(s)Present ValueBridge Loan & InterestSyndicatorOther (specify)

Total Costs $0.00

Net LIHTC Proceeds $0.00(Must Match Amount on Page 20)

Net Proceeds [above] $0.00Total Tax Credits [above] $0.00Tax Credit Equity Factor #DIV/0!

Syndicators or Equity Sources which have been contacted:1 Name Source

ContactAddressCity State Zip Code Phone

2 Name SourceContactAddressCity State Zip Code Phone

XIII. TAX CREDIT SYNDICATION (Tax Credit Only)

LIHTC Syndication costs will be evaluated along with other project costs. Please list all estimated or actual cost of syndication associated with the project.

Application Page 43

XIV. DEVELOPMENT TIMETABLE

Indicate the actual or expected date by which the following activities will have been completed.

Actual or Scheduled CompletedMonth/Day/Year ? Activity

SiteAcquisitionZoning ApprovalTax AbatementEnvironmental Review Completed

Construction FinancingLoan ApplicationConditional CommitmentFirm CommitmentClosing and Disbursement

Permanent FinancingLoan ApplicationConditional CommitmentFirm CommitmentClosing and Disbursement

Local PermitsConditional Use PermitVarianceSite Plan ReviewBuilding PermitOther (specify)

Other Loans and GrantsType & Source:ApplicationClosing or Award

Equity SyndicationLetter of CommitmentPartnership Closing

Other10% of Project Costs IncurredTax Credit Carryover AllocationFinal Plans/SpecsConstruction StartConstruction CompletionPlaced in ServiceOccupancy of All Low-Income Units

Application Page 43

XIV. DEVELOPMENT TIMETABLE

Indicate the actual or expected date by which the following activities will have been completed.

Zoning Approval

Environmental Review Completed

Construction FinancingLoan ApplicationConditional CommitmentFirm CommitmentClosing and Disbursement

Permanent FinancingLoan ApplicationConditional CommitmentFirm CommitmentClosing and Disbursement

Conditional Use Permit

Site Plan Review

Other Loans and Grants

Closing or Award

Equity SyndicationLetter of CommitmentPartnership Closing

10% of Project Costs IncurredTax Credit Carryover AllocationFinal Plans/SpecsConstruction StartConstruction CompletionPlaced in ServiceOccupancy of All Low-Income Units

Application Page 44

XV. NOTIFICATION OF LOCAL OFFICIAL

Name of Political Jurisdiction

Name of Chief Executive Officer

Address

City State WY

Phone

Provide the name of the local political jurisdiction (town or city, if incorporated, otherwise, county) in which the project will be located and include the name and address of the chief executive officer of the political jurisdiction. WCDA is required to notify this individual of the proposed development and allow a reasonable time for comments. (Attach a copy of the Letter of Consistency or Letter of Support as required.)

Zip Code

Every project must be consistent with the Consolidated Plan for the appropriate jurisdiction. Projects located in the cities of Casper and Cheyenne need to provide a letter of consistency with the consolidated Plan for Casper or Cheyenne, depending on where their project will be located. This letter must be included with the application. All other areas are covered under the Consolidated Plan prepared by WCDA and consistency will be verified during the review process.

Project requesting points for local support will need to provide a letter of support signed by the Chief Executive Officer of the appropriate jurisdiction.

Application Page 45

Total number of units in the project 0

20 or less units, application fee $500.00

More than 20 units application fee $1,500.00

Amount of application fee submitted: $ $0.00(Make check payable to Wyoming Community Development Authority.)

THERE IS NO FEE FOR PROJECTS WHICH ARE ONLY APPLYING FOR HOME FUNDS.

XVI. APPLICATION FEE (Tax Credit Projects)

Application Page 46

IN WITNESS WHEREOF, the owner has caused this document to be duly executed in its name on thisday of

0Legal Name of Applicant

By:

Name and Title

XVII. APPLICANT CERTIFICATION--TAX CREDITS

It is understood by the applicant that full Treasury regulations for the Low-Income Housing Tax Credit, have not been promulgated; therefore, all program materials for the Wyoming Community Development Authority’s Low-Income Housing Tax Credit Program are subject to change.

The undersigned is responsible for ensuring that the project consists or will consist of a qualified low-income building or buildings as defined in the Internal Revenue Code, Section 42, and will satisfy all applicable requirements of federal tax law in the acquisition, rehabilitation, or construction and operation of the project to receive the low-income housing credit.

The undersigned is responsible for all calculations and figures relating to the determination of the eligible basis for the building and understands and agrees that the amount of the credit is calculated by reference to the figures submitted with this application, as to the eligible basis and qualified basis of the project and individual buildings.

The undersigned certifies he/she is authorized to sign on behalf of the Project Owner, and hereby commits the Project Owner to complying with the terms and conditions of the Compliance Monitoring Procedure Plan, the Application, and any other governing documents and any changes thereto.

The undersigned hereby makes application for Reservation, Carryover allocation, or allocation of housing credit dollar amounts, to the State of Wyoming as listed in the application. The undersigned agrees that the Wyoming Community Development Authority will at all times be indemnified and held harmless against all losses, costs, damages, expenses and liabilities whatsoever nature or kind (including, but not limited to attorneys fees, litigation and court costs, amounts paid in settlement, and amounts paid to discharge judgment, any loss from judgment from Internal Revenue Service) directly or indirectly resulting from, arising out of, or related to acceptance, consideration and approval or disapproval of such allocation request.

The undersigned, being duly authorized, hereby represents and certifies under the penalty of perjury that the foregoing information, to the best of his/her knowledge, is true, complete and accurately describes the proposed project. Misrepresentations of any kind will be grounds for denial or loss of the tax credits and may affect future participation in the tax credit program in Wyoming.

Application Page 47

The applicant certifies and acknowledges that:

The applicant will provide WCDA with any other information required by HUD, state or local regulations.

IN WITNESS WHEREOF, the owner has caused this document to be duly executed in its name on thisday of


By:

Name and Title

XVII. APPLICANT CERTIFICATION--HOME Program

All program materials for the Wyoming Community Development Authority’s HOME Investment Partnerships Program are subject to change to meet requirements of 24CFR Part 92, or as further determined to meet legal requirements of WCDA.

The undersigned is responsible for ensuring that the project will satisfy all applicable requirements of federal law in the acquisition, rehabilitation, or construction and operation of the project to receive the HOME Investment Partnerships Program funds.

The applicant will comply with all other requirements set forth by the Department of Housing and Urban Development, Home Investment Partnerships Program 24 CFR Part 92 and applicable requirements in the Wyoming Affordable Housing Allocation Plan (as amended).

The undersigned hereby makes application for allocation of HOME funds to the State of Wyoming as listed in the application. The undersigned agrees that the Wyoming Community Development Authority will at all times be indemnified and held harmless against all losses, costs, damages, expenses and liabilities whatsoever nature or kind (including, but not limited to attorneys fees, litigation and court costs, amounts paid in settlement, and amounts paid to discharge judgment, any loss from judgment from Internal Revenue Service) directly or indirectly resulting from, arising out of, or related to acceptance, consideration and approval or disapproval of such allocation request.

The undersigned, being duly authorized, hereby represents and certifies under the penalty of perjury that the foregoing information, to the best of his/her knowledge, is true, complete and accurately describes the proposed project. Misrepresentations of any kind will be grounds for denial or loss of HOME funds and may affect future participation in the HOME program in Wyoming.

1a. Applicant's Name, Address (including City, State & Zip Code) & Phone Number 1c. Project/Application Number 1d. Number of Units

1e. Price or Rental Range 1f. For Multifamily Housing OnlyFrom $ Elderly Non-ElderlyTo $ 1g. Approximate Starting Dates (mm/dd/yyyy)

AdvertisingOccupancy

1b. Project's Name, Location (including City, State and Zip Code) 1h. Housing Market Area 1i. Census Tract

1j. Managing/Sales Agent's Name & Address (including City, State and Zip Code)

MFH Plan New UpdatedSFH Plan White American Indian or Alaskan Native AsianWhite (non-minority) Area Minority Area Black or African American Native Hawaiian or Other Pacific IslanderMixed Area (with % minority residents) Hispanic or Latino Persons with Disabilities Families with Children

Newspapers/Publications Radio TV Billboards Other (Specify)

Name of Newspaper, Radio or TV Station Group Identification of Readers/Audience Size/Duration of Advertising

(1) Will brochures, letters, or handouts be used to advertise? Yes No If "Yes, attach a copy or submit when available.

(2) For project site sign, indicate sign size x ; Logo type size x . Attach a photograph of project sign or submit when available.

(3) HUD's Fair Housing Poster must be conspicuously displayed wherever sales/rentals and showings take place. Fair Housing Posters will be displayed in the

Sales/Rental Office Real Estate Office Model Unit Other (specify)

Affirmative Fair Housing Marketing Plan

U.S. Department of Housingand Urban DevelopmentOffice of Fair Housing and Equal Opportunity

OMB Approval No. 2529-0013(exp. 11/30/2006)

2. Type of Affirmative Marketing Plan (check all that apply)

3. Direction of Marketing Activity (Indicate which group(s) in the housing market area are least likely to apply for the housing because of its location and other factors without special outreach efforts)

4a. Marketing Program: Commercial Media (Check the type of media to be used to advertise the availability of this housing)

4b. Marketing Program: Brochures, Signs, and HUD's Fair Housing Poster

Previous editions are obsolete Page 1 of 4 ref. Handbook 8025.1 form HUD-935.2 (8/2004)

Person Contacted or to be ContactedName of Group/Organization

Address & Phone Number Method of Contact

6a. Staff has experience. Yes NoNewspapers/Publications Radio TV 6b.

Brochures/Leaflets/Handouts

Site Signs Community Contacts Other (Specify)

Signature of person submitting this Plan & Date of Submission (mm/dd/yyyy)

Name (type or print)

Title & Name of Company

For HUD-Office of Housing Use Only For HUD-Office of Fair Housing and Equal Opportunity Use Only

Reviewing Official: Approved Disapproved (Check One)

Signature & Date (mm/dd/yyyy) Signature & Date (mm/dd/yyyy)

Name (type or print) Name (type or print)

Title Title

4c. Community Contacts. To further inform the group(s) !east likely to apply about the availability of the housing the applicant agrees to establish and maintain contact with the groups/organizations listed below that are located in the housing market area. If more space is needed attach an additional sheet. Notify HUD- Housing of any changes in this list. Attach a copy of correspondence to be mailed to these groups/organizations. (Provide all requested information.)

Group Identification

Approximate Date (mm/dd/yyyy)

Indicate the specific function the Group/Organization will undertake in implementing the marketing program

5. Future Marketing Activities (Rental Units Only) Mark the box(s) that best describe marketing activities to fill vacancies as they occur after the project has been initially occupied.

6. Experience and Staff Instructions (See instructions)

On separate sheets, indicate training to be provided to staff on Federal, State and local fair housing laws and regulations as well as this AFHM Plan. Attach a copy of the instructions to staff regarding fair housing.

7. Additional Considerations Attach additional sheets as needed.

8. Review and Update By signing this form the applicant agrees to review their AFHM Plan every 5 years and update as needed to ensure continued compliance with HUD's Affirmative Fair Housing Marketing Regulations (24 CFR 200.620).

Previous editions are obsolete Page 2 of 4 ref. Handbook 8025.1

INSTRUCTIONS

All Plans should indicate the racial composition of thehousing market area in which the housing will be (is)located by checking one of the three choices. Single-family

thru 1f - Self-Explanatory. Block 1g - the applicant should scattered site builder should submit an SFH Plan thatspecify the approximate date for starting marketing activi- reflects the racial composition of each the housing marketties to the groups targeted for special outreach and the area in which the housing will be (is) located. For exampleanticipated date of initial occupancy (if unoccupied). Block if a builder plans to construct units in both minority and1h - the applicant should indicate the housing market area, in non-minority housing market areas, a separate AFHM Planwhich the housing will be (is) located. Block 1i - the shall be submitted for each housing market area.applicant may obtain census tract location informationfrom local planning agencies, public libraries and othersources of census data. Block 1j - the applicant should group(s) the applicant believes are least likely to apply forcomplete only if a Managing/Sales Agent (the agent can not this housing without special outreach. Consider factorsbe the applicant) is implementing the AFHM Plan. such as price or rental of housing, sponsorship of housing

racial/ethnic characteristics of housing market area inPart 2- Type of Affirmative Marketing Plan: which housing will be (is) located, disability or familialApplicants for multifamily housing projects should check status of eligible population, public transportation routes,both the MFH (Multifamily Housing) Plan and indicate the etc.status of the AFHM Plan, e.g. new or update. As appropri-ate, single-family homebuilders who submit an AFHM

form HUD-935.2 (8/2004)

Public reporting burden for this collection of information is estimated to average 3 hours per response including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

The Affirmative Fair Housing Marketing (AFHM) Plan is needed to ensure that insured and subsidized developers are taking necessary steps to eliminate discriminatory practices involving Federally insured and subsidizes housing. No application for any housing project or subdivision insured or subsidized under the Department of Housing and Urban Development's (HUD) housing programs can be funded without an approved AFHM Plan (See the "Applicability" section in the instructions below.) The responses are required to obtain or retain a benefit under the Fair Housing Act Section 808(e)(5) & (6) and 24 CFR Part 200, Subpart M. The form contains no questions of a confidential nature.

Applicability: This form is to be completed by all insured or subsidized: (1) multifamily projects; and (2) single-family homebuilders that can not meet at least one of the following requirements: (a) is a signatory in good standing to a Voluntary Affirmative Marketing Agreement (VAMA); (b) has a HUD approved AFHM Plan; (c) has contracted with someone to market their houses who has an AFHM Plan or is a signatory to a VAMA; or (d) can self certify compliance with HUD's AFHM Regulations, maintain records of their AFHM activities and make the records available to HUD upon request. Single-family homebuilders that can meet at least one of the above requirements can complete block 11 on form HUD-92541-Builder's Certification of Plans, Specifications, & Site instead of completing the AFHM Plan. [See HUD Mortgagee Letters 1995-18 dated April 28, 1995 and 2001-09 dated April 2, 2001]

Each applicant is required to carry out an affirmative program to attract prospective buyers or tenants of all minority and non-minority groups in the housing market area regardless of their race, color, religion, sex, national origin, disablity, or familial status. Racial groups include White, Black or African American, American Indian or Alaska Native, Asian, Native Hawaiian or Other Pacific Islander. Other groups in the housing market area who may be subject to housing discrimination include, but are not limited to, Hispanic or Latino, persons with disabilities, or families with children. The applicant shall describe in the AFHM Plan the proposed activities to be carried out during advance marketing, where applicable, and the initial sales and rent-up period. The affirmative marketing program also should ensure that any group(s) of persons ordinarily not likely to apply for this housing without special outreach (See Part 3), know about the housing, feel welcome to apply and have the opportunity to buy or rent.

Send completed form to: your local HUD OfficeAttention: Director Office of HousingPart I-Applicant and Project Identification. Blocks 1a

Part 3-Direction of Marketing Activity. Indicate which

Plan, should check the SFH (Single-family Housing) Planbox.Previous editions are obsolete ref. Handbook 8025.1

Copies of any written materials should be submitted withthe marketing program to be used to attract all segments of the AFHM Plan, if such materials are available.the eligible population, especially those groups designatedin Part 3 of this AFHM Plan as least likely to apply. Theapplicant shall state: the type of media to be used, the names scribe other groups to which the housing may be marketedof newspaper/call letters of radio or TV stations; the iden- and efforts not previously mentioned which are planned totity of the circulation or audience of the media identified in attract persons least likely to apply for the housing. Suchthe AFHM Plan (e.g., White, Black or African American, efforts may include outreach activities to grass root faith-American Indian or Alaska Native, Asian, Native Hawaiian based or other community based organizations, and otheror Other Pacific Islander, Hispanic or Latino, persons with ethnic groups with limited English proficiency (LEP).disabilities, and families with children) and the size orduration of newspaper advertising or length and frequencyof broadcast advertising. Community contacts include assumes full responsibility for the AFHM Plans implemen-individuals or organizations that are well known in the tation and required reviews and updates. HUD may moni-housing market area or the locality, that can influence tor the implementation of this AFHM Plan at any time andpersons within groups considered least likely to apply. request modification in its format or content, where deemedSuch contacts may include, but need not be limited to: necessary.neighborhood, minority and women's organizations, grassroot faith-based or other community based organizationslabor unions, employers, public and private agencies, dis- days prior to the initiation of sales or rental marketingability advocates, schools and individuals who are con- activities, the applicant of an approved AFHM Plan shallnected with these organizations and/or are well-known in submit notice of intent to begin marketing. The notificationthe community. Applicants should notify their local HUD- is required by the Affirmative Fair Housing Marketing PlanOffice of Housing of any changes to the list in Part 4c of this Compliance Regulations (24 CFR Part 108.15). It isAFHM Plan. submitted either orally or in writing to the Office of Hous-

ing in the appropriate HUD Office servicing the locality inwhich the proposed housing will be located.

Part 6-Experience and Staff Instructions. OMB approval of the Affirmative Fair Housing Plan in-6a. The applicant should indicate whether the cludes approval of this notification procedure as part of the

sales/rental staff have had previous experience in AFHM Plan. The burden hours for such notification aremarketing housing to group(s) identified as least included in the total designated for this AFHM Plan form.likely to apply for the housing.

6b. Describe the instructions and training provided orto be provided to sales/rental staff. This guidance tostaff must include information regarding FederalState and local fair housing laws and this AFHMPlan.

form HUD-935.2 (8/2004)

Part 4-Marketing Program. The applicant shall describe

Part 7-Additional Considerations. In this section de-

Part 8-Review and Update. By signing, the applicant

Notice of Intent to Begin Marketing. No later than 90

Part 5-Future Marketing Activities. Self-Explanatory.

Previous editions are obsolete ref. Handbook 8025.1 form HUD-935.2 (8/2004)

Application Page 49

APPLICATION EXHIBIT A-2DEVELOPMENT TEAM EXPERIENCE

0Sponsor Address: 0City: 0 State: 0 Zip Code: 0Telephone # 0 Fax # 0Sponsor Tax Identification 0Contact Person: 0

0Type: CorporationTax Identification #: 0Contact Person:Telephone # Fax #

OWNER/SPONSOR NAME:

Describe experience in developing low income housing (attach list of names, addresses, and nature of low-income projects): (If providing information as an attachment, please summarize below.)

NAME OF GENERAL PARTNER:

Describe experience in successful development of low income housing (attach list of names, addresses, and nature of low-income projects): (If providing information as an attachment, please summarize below.)

Application Page 49


00

000

0

0

0


Describe experience in successful development of low income housing (attach list of names, addresses, and nature of low-income projects): (If providing information as an attachment, please summarize

Application Page 50


NAME OF CONTRACTOR: 0Address: City: State: Zip Code: Telephone # Fax #Contractor Tax Identification #:0Type Number Years Experience

NAME OF CONSULTANT 0Address: City: State: Zip Code: Telephone # Fax #Consultant Tax Identification #:0Type Number Years Experience

Describe experience in successful development of housing projects (attach list of names, addresses of projects): (If providing information as an attachment, please summarize below.)


Application Page 51


NAME OF TAX ATTORNEY 0Address: City: State: Zip Code: Telephone # Fax #Attorney Tax Identification #: 0Type Number Years Experience

NAME OF CERTIFIED PUBLIC ACCOUNTANT: 0Address: City: State: Zip Code: Telephone # Fax #CPA Tax Identification #: 0Type Number Years Experience

APPLICATION EXHIBIT A-2DEVELOPMENT TEAM EXPERIENCE (cont.)

0

No. Years Experience:Number of projects funded that did not come to fruition

EXPERIENCE:Project Name City Acq/Rehab Family Number Funding RD, PIS Date 8609Address State New Construct. Elderly etc. of units TC, HOME etc. Date ReceivedList all previous projects!

NAME OF DEVELOPER:

Application Page 52aAPPLICATION EXHIBIT A-2

DEVELOPMENT TEAM EXPERIENCE (cont.)

0

EXPERIENCE:Project Name City Acq/Rehab Family Number Funding RD, PIS Date 8609Address State New Construct. Elderly etc. of units TC, HOME etc. Date Received

NAME OF DEVELOPER:

Application Page 52bAPPLICATION EXHIBIT A-2


0


NAME OF DEVELOPER:

Application Page 52cAPPLICATION EXHIBIT A-2


0


NAME OF DEVELOPER:

Application Page 52d


NAME OF MANAGEMENT COMPANY 0 Management Tax ID # 0Address City State Zip CodeTelephone Fax No. Years Experience:

EXPERIENCE:Project Name City Family Number Funding- RD, Date Began # of Comp. # OutstandingAddress State Elderly etc. of units TC, HOME etc. Management Findings FindingsList all previous projects!

Describe experience of management of low income housing projects, courses and certifications on site management and/or manager in charge have completed or obtained:



NAME OF MANAGEMENT COMPANY 0

EXPERIENCE:Project Name City Family Number Funding- RD, Date Began # of Comp. # OutstandingAddress State Elderly etc. of units TC, HOME etc. Management Findings Findings

Application Page 54


Yes/No YesNo

If yes, describe the level of participation and/or relationship of each:


Signature of Legal Applicant

Name and Title

Date

Do any members of the development team have any direct or indirect, financial or other interest with any of the other project team members (including owners interest in the construction company or subcontractors used)?

Describe any default, disposition of or status of default, foreclosure or findings of non-compliance for any of the projects listed on attachments. Use an additional sheet of paper if necessary.

The undersigned, being duly authorized, hereby represents and certifies that the foregoing information, to the best of his/her knowledge, is true, complete and accurately describes the proposed development team.

Application Page 55

APPLICATION EXHIBIT A-3PREVIOUS PARTICIPATION CERTIFICATE

(No substitutions allowed)

Proposed Project Name 0Address , , WY

List of Proposed Principal* Participants

CERTIFICATION

Hint: To input less than 1%, input as 0.##Role of Each Principal

Expected % Ownership

Social Security or IRS Employer ID #

* Principals include all individuals, joint ventures, partnerships, corporations, trusts, non-profit organizations or any other public or private entity that will participate in the proposed project as a sponsor, owner, or turnkey developer. Consultants, architects and attorneys who have any interest in the project other than an arms length fee arrangement for professional services are also considered principals.

I (meaning the individual who signs as well as the corporations, partnerships or other parties listed above who certify) am submitting an application to WCDA to participate in the Low-Income Housing Tax Credit program and/or HOME program in the State of Wyoming. By executing this certificate, I hereby consent to the disclosure of information concerning my performance in the Low-Income Housing Tax Credit Program and/or HOME program; by WCDA to third parties, including, but not limited to, Low-Income Housing Tax Credit or HOME program agencies in other states and by such third parties to WCDA. Neither WCDA nor such third parties are required to give me notice of such disclosure or receipt of information.

I certify that all the statements made by me are true, complete and correct to the best of my knowledge and belief and are made in good faith, including the data contained in the WCDA Application Exhibit A -3 “Previous Participation Certificate” Schedule A “List of Previous Projects” and Application Exhibits signed by me and attached to this form.

Application Page 56

APPLICATION EXHIBIT A-3PREVIOUS PARTICIPATION CERTIFICATE (CONT)


I further certify that:

Name of Principal Signature of Principal Title, Role or Capacity Date

1) The WCDA Schedule A contains a listing of every Low Income Housing Tax Credit and/or HOME project in which I have been or am now a principal.

2) Except as shown by me on the certificate: a) No Low Income Housing Tax Credit or HOME project listed by me has been sold; b) No Low Income Housing Tax Credit project or HOME project listed by me has ever been foreclosed; c) I have not experienced instances of non-compliance in the Tax Credit or HOME programs, nor been issued IRS form 8823 on any Low Income Housing Tax Credit project other than indicated on Schedule A; d) To the best of my knowledge, there are no unresolved findings raised as a result of agency audits, management reviews or other investigations concerning my Low Income Housing Tax Credit projects or HOME projects; e) I have not been suspended, debarred or otherwise restricted by any state allocating agency from participating in the Low Income Housing Tax Credit program or HOME program in that state; f) I have not failed to use Low Income Housing Tax Credits or HOME program funds allocated to me in any state other than indicated on Schedule A.3) All of the names of the parties, known to me to be principals in this project in which I propose to participate, are listed above.

4) I have not been convicted of a felony and am not presently, to my knowledge, the subject of a complaint or indictment charging a felony related to any Low Income Housing Tax Credit or HOME program matter. (Applicable to General Partners or Project Owners Only) All the parties who are principals or who are proposed as principals here are listed above and no principals or identities of interest are concealed or omitted.

FALSE STATEMENTS AND MISREPRESENTATIONS OF ANY KIND MAY BE GROUNDS FOR DENIAL OR LOSS OF THE TAX CREDITS OR HOME FUNDS AND MAY AFFECT FUTURE PARTICIPATION IN

THE TAX CREDIT AND HOME PROGRAMS IN WYOMING.

APPLICATION EXHIBIT A-3PREVIOUS PARTICIPATION CERTIFICATE

SCHEDULE A(No substitutions allowed)

Principal’s Name Project Name State Role # units

Funding Source (LIHTC HOME, RD

etc.)

Year Allo-cated

Year Placed

In Service

Total Development

Costs

Sales, Foreclosures, issuance of 8823, or

any other non-compliance issues.


PREVIOUS PARTICIPATION CERTIFICATE (cont)SCHEDULE A




etc.)

Year Allo-cated

Year Placed

In Service

Total Development

Costs








etc.)

Year Allo-cated

Year Placed

In Service

Total Development

Costs



Application Exhibit A-4WCDA

Environmental Checklist

Sample Field Notes ChecklistProject Number: HUD Program:

Project Name:

Number of Dwelling Units: Project site is in a location described as:Central city Suburban

New construction Infill urban development In developing rural areaRehabilitation In undeveloped area

Instructions

●

Location: (street, city, county/state, & zip code)

Note to Reader: An Environmental Assessment (EA) is a concise public document that a Federal agency must prepare in order to comply with the National Environmental Policy Act (NEPA) and the related Federal environmental laws and authorities. The EA must support decision making process and provide a clear rationale, justification, and documentation for ratings assigned.

It is recommended that this checklist be used by HUD staff who prepare the Environmental Assessment (EA; form HUD-4128). It will constitute full documentation for many factors on the EA, and partial documentation for others. It will avoid narrative reports and expedite the environmental review process. This checklist, which is a slightly revised version of Appendix C of Handbook 1390.2, should be used pending revision of Handbook 1390.2.

cite the information source used (e.g., title of a technical report, map, or special study; site inspection/field observation; name and location of the qualified data source(s) that provided the information, for example, the local planning agency, the local housing and/or community development agency, the State environmental protection agency, the State Historic Preservation Officer, or other qualified data source.)

The number for each checksheet topic is the number that appears on form HUD-4128. Also, each checklist title/heading is followed by a reference to where the topic appears in the current Handbook 1390.2.

Preparers are to obtain and use, as appropriate, any environmental report (Federal, State, or local) that may have already been prepared for the property or area in which the property is located.

Before the site visit, review the Phase I and all background information submitted with the application (if applicable). During the site visit, the preparers of form HUD-4128 are to: (i) answer all relevant questions on this checklist; (ii) use the spaces provided for comments to include supplemental information as well as to record any recommended mitigation measures or requirements for project approval; (iii) key your answers to the relevant questions (using additional sheets of paper to provide more detailed information); and (iv) use the spaces provided for source documentation to

Several different types of maps will be useful in completing the review, such as the project plan or plot map, a location map showing major features and facilities in the vicinity, the USGS topographic map and FEMA flood map for the site area, and zoning/land use maps. Many of the conditions can and should be recorded directly on the project plan. Distances to major features and facilities (e.g., schools and fire stations) and a description of the surrounding area are examples. The plan can then be referenced as “source documentation” on form HUD-4128.

APPLICATION EXHIBIT A-4 (Cont.)

9. Environmental Report

List the major reports obtained: (attach the report(s) or otherwise list the title, author, publication date)

10. Planning FindingsIs the project in compliance or conformance with the local zoning?

Yes No Not Applicable (If no or not applicable, explain)

Is the project located within a coastal management zone (CZM)?Yes No Not Applicable

Is the State’s finding attached to this checksheet?Yes No

Is the project in compliance with the air quality State Implementation Plan (SIP)?Yes No Not Applicable

Comments:

Source documentation:

Are there any unresolved conflicts concerning the use of the site?

Yes NoIf your answer is YES, briefly explain:

16. Coastal Barrier ResourcesIs the project located within a coastal barrier designated on a current FEMA flood map orDepartment of Interior coastal barrier resources map?

Yes No

If your answer is YES, the law prohibits Federal funding of projects in designated coastal barriers.

Is the project located within a floodplain designated on a current FEMA flood map?Yes No Identify FEMA flood map used to make this finding:

Community Name and Number:Map Panel Number and Date of Map Panel:If your answer is YES, use § 55.12 and the floodplain managementdecision making process (§ 55.20) to comply with 24 CFR Part 55.

Comments:

List the Federal, State, or local agencies contacted to obtain their existing environmental reports and other data for the HUD environmental review for the proposed project:

If your answer is YES, the State Coastal Zone Management (CZM) Agency must make a finding that the project is consistent with the approved State CZM program

17. Flood Management (24 CFR Part 55) (see CF 3 and 4 of Handbook 1390.2)


Source documentation: (attach § 55.20 analysis)

Has the SHPO been notified of the project and requested to provide comments?Yes No

Is the property listed on or eligible for listing on the National Register of Historic Places?Yes No

Is the property located within or directly adjacent to an historic district?Yes No

Does the property’s area of potential effects include an historic district or property?Yes No

If your answer is YES to any of the above questions, consult with the State HistoricPreservation Officer (SHPO) and comply with 36 CFR part 800.

Has the SHPO been or is being advised of HUD’s finding?Yes No

Comments:


Is the project located near a major noise source, i.e., civil airports (within 5 miles), military airfields(15 miles), major highways or busy roads (within 1000 feet), or railroads (within 3000 feet)?

Yes NoIf your answer is YES, comply with 24 CFR 51, Subpart B which requires a noise assessment forproposed new construction. Use adopted DNL contours if the noise source is an airport.

Comments:

Source documentation: (attach NAG worksheets)

Are industrial facilities handling explosive or fire-prone materials such as liquid propane, gasoline orother storage tanks adjacent to or visible from the project site?

Yes NoIf your answer is YES, use HUD Hazards Guide and comply with 24 CFR Part 51, Subpart C.

Comments:

Source documentation: (attach ASD worksheets)

18. Historic Preservation (see CF 2 of Handbook 1390.2)

19. Noise Abatement (see CF 1 of Handbook 1390.2)

20. Hazardous Industrial Operations (see CF 5 of Handbook 1390.2)


Is the project within 3,000 feet from the end of a runway at a civil airport?Yes No

Is the project within 2-1/2 miles from the end of a runway at a military airfield?Yes No

If your answer is YES to either of the above questions, comply with 24 CFR Part 51, Subpart D.Comments:


Are there drainage ways, streams, rivers, or coastlines on or near the site?Yes No

Are there ponds, marshes, bogs, swamps or other wetlands on or near the site?Yes No

For projects proposing new construction and/or filling, the following applies:Is the project located within a wetland designated on a National Wetlands Inventorymap of the Department of the Interior (DOI)?

Yes NoIf your answer is YES, E.O. 11990, Protection of Wetlands, discourages Federal funding of new construction or filling in wetlands and compliance is required with the wetlands decision making process (§ 55.20 of 24 CFR Part 55. Use proposed Part 55 published in the Federal Register on January 1, 1990 for wetland procedures).

Comments:

Source documentation: (attach § 55.20 analysis for new construction and/or filling)

Has a Phase I (ASTM) Report been submitted and reviewed?Yes No

If your answer is NO, is a Phase I (ASTM) report needed?Yes No

Are there issues that require a special/specific Phase II report before completing the environmental assessment?

Yes NoIs the project site near an industry disposing of chemicals or hazardous wastes?

Yes NoIs the site listed on an EPA Superfund National Priorities or CERCLA, or equivalent State list?

Yes NoIs the site located within 3,000 feet of a toxic or solid waste landfill site?

Yes NoDoes the site have an underground storage tank?

Yes No

21. Airport Hazards (see CF 5 of Handbook 1390.2)

22. Protection of Wetlands (E.O. 11990) (see CF 3 and 4 of Handbook 1390.2)

23. Toxic Chemicals and Radioactive Materials (see CF 5 of Handbook 1390.2)

If your answer is YES to any of the above questions, use current techniques by qualified professionals to undertake investigations determined necessary and comply with § 50.3(i).


Are there any unresolved concerns that could lead to HUD being determined to be a Potential Responsible Party (PRP)?

Yes No

Comments:

Source documentation: (attach § 55.20 analysis for new construction and/or filling)

24. Other

Has the Department of Interior list of Endangered Species and Critical Habitats been reviewed?Yes No

Is the project likely to affect any listed or proposed endangered or threatened species or critical habitats?Yes No

If your answer is YES, compliance is required with Section 7 of the Endangered Species Act, which mandates consultation with the Fish and Wildlife Service in order to preserve the species.

Comments:


b. Sole Source aquifersWill the proposed project affect a sole source or other aquifer?

Yes No

Comments:


If the site or area is presently being farmed, does the project conform with the Farmland Protection Policy Act and HUD policy memo?

Yes NoIf your answer is YES, compliance is required with 7 CFR Part 658, Department of Agriculture regulations implementing the Act.

Comments:


a. Endangered Species (see EF 3.4 of Handbook 1390.2)

c. Farmlands Protection (see EF 3.3 of Handbook 1390.2)


d. Flood InsuranceIs the building located or to be located within a Special Flood Hazard Area identified on a current Flood Insurance Rate Map (FIRM)?

Yes NoIf your answer is YES, flood insurance protection is required for buildings located or to be located within a Special Flood Hazard Area as a condition of approval of the project. In addition, compliance with § 55.12 and the floodplain management decision making process (§ 55.20) is required (refer to item #17 above). Document the map used to determine Special Flood Hazard Area in above item #17 pertaining to community name and number, map panel number and date of map panel.

e. Environmental JusticeIs the project located in a predominantly minority and low-income neighborhood?

Yes NoDoes the project site or neighborhood suffer from disproportionately adverse environmental effects on minority and low income populations relative to the community-at-large?

Yes NoIf your answer is YES, compliance is required with E.O. 12898, Federal Actions to Address Environmental Justice.Comments:


Is the site near natural features (i.e., bluffs or cliffs) or near public or private scenic areas?Yes No

Are other natural resources visible on site or in vicinity? Will any suchresources be adversely affected or will they adversely affect the project?

Yes No

Comments:

1.3 of Handbook 1390.2)Has the site has been used as a dump, sanitary landfill or mine waste disposal area?

Yes NoIs there paved access to the site?

Yes NoAre there other unusual conditions on site?

Yes NoIs there indication of:

Yes No Yes Nodistressed vegetation oil/chemical spillswaste material/containers abandoned machinery, cars,soil staining, pools of liquid . refrigerators, etcloose/empty drums, barrels transformers, fill/vent pipes,

pipelines, drainage structures

25. Unique Natural Features and Areas (see EF 3.2 of Handbook 1390.2)

26. Site Suitability, Access, and Compatibility with Surrounding Development (see EF 1.1 and


Is the project compatible with surrounding area in terms of:Yes No Yes No

Land use Building type (low/high-rise)Height, bulk, mass Building density

Will the project be unduly influenced by:Yes No Yes No

Building deterioration Transition of land usesPostponed maintenance Incompatible land usesObsolete public facilities Inadequate off-street parking

Are there air pollution generators nearby which would adversely affect the site:Yes No Yes No

Heavy industry Large parking facilitiesIncinerators (1000 or more cars)Power generating plants Heavy traveled highwayOil refineries (6 or more lanes)Cement plants Other

Comments:

Source documentation

Slopes: Not Applicable Steep Moderate SlightIs there evidence of slope erosion or unstable slope conditions on or near the site?

Yes NoIs there evidence of ground subsidence, high water table, or other unusual conditions on the site?

Yes NoIs there any visible evidence of soil problems (foundations cracking or settling, basementflooding, etc.) in the neighborhood of the site?

Yes NoHave soil studies or borings been made for the project site or the area?

Yes No UnknownDo the soil studies or borings indicate marginal or unsatisfactory soil conditions?

Yes NoIs there indication of cross-lot runoff, swales, drainage flows on the property?

Yes NoAre there visual indications of filled ground?

Yes NoIf your answer is YES, was a 79(g) report/analysis submitted?

Yes NoAre there active rills and gullies on site?

Yes No

27. Soil Stability, Erosion, and Drainage (see EF 1.2 of Handbook 1390.2)


If the site is not to be served by a municipal waste water disposal system, has areport of the soil conditions suitable for on-site septic systems been submitted?

Yes No N/AIs a soils report (other than structural) needed?

Yes NoAre structural borings or a dynamic soil analysis/geological study needed?

Yes No

Comments:


Will the project be affected by natural hazards:Yes No Yes No

Faults, fracture Fire hazard materialsCliffs, bluffs, crevices Wind/sand storm concernsSlope-failures from rains Poisonous plants, insects, animalsUnprotected water bodies Hazardous terrain features

Will the project be affected by built hazards and nuisances:Yes No Yes No

Hazardous street Inadequate screenedDangerous intersection drainage catchmentsThrough traffic Hazards in vacant lotsInadequate separation of Chemical tank-car terminals

pedestrian/vehicle traffic Other hazardous chemical storageYes No Yes No

Children’s play areas located next to High-pressure gas or liquid petroleumfreeway or other high traffic way transmission lines on site

Inadequate street lighting Overhead transmission linesQuarries or other excavations Hazardous cargo transportation routesDumps/sanitary landfills or mining Oil or gas wellsRailroad crossing Industrial operations

Will the project be affected by nuisances:Yes No Yes No

Gas, smoke, fumes Unsightly land usesOdors Front-lawn parkingVibration Abandoned vehicleGlare from parking area Vermin infestationVacant/boarded-up Industrial nuisancesbuildings Other

28. Nuisances and Hazards (see EF 1.3 and 1.4 of Handbook 1390.2)


Comments:


Handbook 1390.2)Is the site served by an adequate and acceptable:water supply

Yes No Municipal Privatesanitary sewers and waste water disposal systems

Yes No Municipal Privateand trash collection and solid waste disposal

Yes No Municipal PrivateIf the water supply is non-municipal, has an acceptable “system” been approved by appropriate authorities and agencies?

Yes NoIf the sanitary sewers and waste water disposal systems are non-municipal, has an acceptable“system” been approved by appropriate authorities and agencies?

Yes No

Comments:


Will the local school system have the capability to service the potential school age children from the project?

Yes NoAre parks and play spaces available on site or nearby?

Yes NoWill social services be available on site or nearby for residents of the proposed project?

Yes NoComments:


29. Water, Supply, Sanitary Sewers, and Solid Waste Disposal (see EF 2.1, 2.2, and 2.4 of

31. Schools, Parks, Recreation, and Social Services (see U/EF 4, 5, and 6 of Handbook 1390.2)


Are emergency health care providers located within reasonable proximity to the proposed project?Yes No Approximate response time:

Are police services located within reasonable proximity to the proposed project? Yes No Approximate response time:

Is fire fighting protection ( ) municipal ( ) volunteer adequate and equipped to service the project?Yes No Approximate response time:

Comments:


Are commercial/retail shopping services nearby?Yes No

Is the project accessible to employment, shopping and services bypublic transportation or private vehicle?

Is adequate public transportation available from the project to these facilities?Yes No

Are the approaches to the project convenient, safe and attractive?Yes No

11. Conditions and Requirements for Approval:Are mitigation measures required?

Yes No If your answer is YES, list and describe:

Brief Description of the Project:

Field Inspection on: (date) By: (signature)

32. Emergency Health Care, Fire and Police Services (see U/EF 7, 8, and 9 of Handbook 1390.2)

33. Commercial/Retail and Transportation (see U/EF 10 and 11 of Handbook 1390.2)

Application Exhibit A-5Self Scoring

ReasonProject Name 0

Sponsor 0

Name 0

Location 0

PRIMARY SCORING CRITERIAHOUSING NEEDS CHARACTERISTICSNEED MAX

Income 28

Affordability -100 48

28

Appropriate Housing 10

Type of Housing 16

Saturation 48

Absorption 14

This is your opportunity to proide a clear picture of your project and explain why you think your porject should score a specific number of points. Do not just place the maximum number of points in each category as this is not helpful to us. Below each caterogy is listed with room to explain why you feel the project should receive the points your are requesting. Back up documentation is required where applicable. i.e. under Qualify of Construction or Energy Efficiency provide copies of warranties and item specifications, under supportive financing provide documents reflecting lower interest rates and/or fees, under Site Control provide a copy of the Offer or Deed, etc. If backup documntation is not provided points cannot be awarded.

Dev Score

Concentration of Low-Income Households

Project Name 0

NEED SUBTOTAL 192 0

VACANCY IN COMMUNITY -40 56

VACANCY IN SUBSIDIZED PRJT -15 10

HIGH VACANCY IN VACINITY -100

GEOGRAPHIC DISTRIBUTION -500

HSG NEEDS CHARACTER SUB TOTAL 258 0QUALITY OF CONSTRUCTION

Code Req. 1

Extras 85

Energy/Sustainable 35

HERS Rating 5

QUALITY OF CONSTRUCT SUBTOTAL 126 0INCOME LEVELS

Meets MA Min. 10 10

41% - 50% 5

Under 41% 10SUB TOTAL 0

Project Name 0

AFFORDABILITY LEVELS Min. 8 36

EXTENDED USE Min. 2 35

COMMUNITY REVITALIZATION/QCT 5

SUB TOTAL PRIMARY CRITERIASUB TOTAL Min. 170 485 0

Project Name 0

SECONDARY SCORING CRITERIAPROJECT LOCATION

Location 35

Concentration of Low-Income 15

Inappropriate Location -200

Developer not at site visit -200

PROJECT LOCATION SUB TOTAL 50 0PROJECT CHARACTERISTICS

Design 40

Private-Public Partnership 25

Site Control 3

Zoning 3

Tiering -200

Subsidy -200

Other Supportive Financing 5

Community Revitalization Plan 5PROJECT CHARACTER SUB TOTAL 81 0

Project Name 0

SPONSOR CHARACTERISTICS

Experience 40

Past Experience -200

Financial Capacity 10SPONSOR CHARACTER SUB TOTAL 50 0

PUBLIC HOUSING WAITING LIST 2

4

35

MANAGEMENT CAPACITY

Past Experience -200

TOTAL PROJECT COSTS -10/1%

OWNER EQUITY 20

SUB TOTAL 2nd CRITERIA 242 0SUB TOTAL SECONDARY CRITERIA 0SUB TOTAL PRIMARY CRITERIA 0TOTAL 0

HOUSING FAMILIES w/ CHILDREN

SUPPORT/CONTRIB LOCAL SOURCES

Project Name 0

TIE BREAKER CRITERIATOTAL PROJECT COSTS

Under Range 40

OR Rehab- Upgrades 40

LOWER FEES

Reduced Fees 30

SUB TOTAL TIE BREAKER CRITERIA 70

TOTAL PROJECT SCORING

Application Page 74

APPLICATION EXHIBIT A-6WCDA

NON-PROFIT PARTICIPATION QUESTIONNAIRE

Please answer every question or indicate if not applicable. Use additional sheets if necessary.You may attach any documents necessary. However, please respond in summary to every question.

1. General Informationa. Name of Project 0

b. Name of ownership entity 0

c. Name of participating non-profit Legal status: 501(c)(3)

501(c)(4)d. If non-profit will participate through a related subsidiary entity, name of such entity

Legal status:

2. Does the applicant intend to request an allocation of tax credits from the non-profit set-aside portion ofthe state credit ceiling under Section 42 (h)(5)? Yes/No

3. Is the non-profit (or a related subsidiary entity) assured of owning an interest in the project throughoutthe compliance period? Yes/No

a.

b. Describe in detail the non-profit (or related subsidiary) ownership interest:

4. Describe the non-profit material participation in the development of the project:

NOTE: Both the non-profit organization and the applicant (if different) must sign this questionnaire.

List all the general partners of the ownership entity and the percentages of their interest:

Application Page 75

APPLICATION EXHIBIT A-5 (Cont)

5. Describe the non profit material participation in the operation of the project throughout the extendeduse period:

6. Will the non-profit be contributing funds to the project? Yes/No If yes, explain:

7. Will the non-profit receive any part of the development or management fees paid in connection withthe project? Yes/No If yes, explain:

8. How many full-time staff members does the non-profit (or if applicable, any related non-profit have)?Describe the type and extent of their activities:

9. The non-profit may not be affiliated with or controlled by any for-profit organization.a. Has any for-profit entity (including the owner of the project or any entity directly or indirectly related

to such owner) appointed any directors to the governing board of the non-profit? Yes/No If yes, explain:

b. Does the non-profit have any financial arrangements with any individual(s) or for-profit entity,including anyone or any entity related, directly or indirectly, to the owner of the project?

Yes/No If yes, explain:

Application Page 76

APPLICATION EXHIBIT A-5 (Cont)

9. Continuedc.

10.

a. Date of legal formation of non-profit:b. Purpose(s) of formation of non-profit:

11. a.

b.

Date ApplicantBy:Its:

Title

Date Non-profit ParticipantBy:Its:

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 non-profit have, either directly or indirectly, with any persons or entities involved or to be involved in the project on a for-profit basis including, but not limited to, the owner of the project, any of its for-profit general partners, employees, limited partners or any other parties directly or indirectly related to such owner:

The non-profit may not have been formed by any individual(s) or for-profit entity for the principal purpose of being included in the non-profit set-aside.

Provide the following required materials for the participating entity (as applicable): articles of incorporation, by-laws, IRS determination letter, non-profit certificate of incorporation and certificate of good standing (state), list of current Board of Directors or Commissioners (include dates of appointment and affiliation), and most recent audited financials (include a list of major donors).Provide any additional information which WCDA may find useful for the purposes outlined at the beginning of this questionnaire (e.g. letter of intent, proposed documents, etc.).

The undersigned applicant and non-profit hereby each certify that, to the best of its knowledge, all of the foregoing information is correct, complete and accurate.

Application Page 77

Title

Application Page 77

NAME OF NON-PROFIT ORGANIZATION

CONTACT PERSON

MAILING ADDRESS

City State

PHONE

I. LEGAL STATUS

A.

B.

C.

II. CAPACITY

A.

STATE OF WYOMING - WYOMING COMMUNITY DEVELOPMENT AUTHORITYAPPLICATION FOR

COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO)STATUS UNDER THE HOME INVESTMENT PARTNERSHIP PROGRAM (HOME)

AS STATED IN 24 CFR PART 92

TAX ID #

The following documents are being submitted to W.C.D.A. for certification of Community Housing Development Organization (CHDO) status under the HOME Program.

Charter or Articles of Incorporation to evidence that nonprofit organization is organized under State or local laws. Must state that no part of its net earnings inure to the benefit of any member, founder, contributor, or individual. And,

501 (c)(3) or (4) Certificate from the IRS to show they have a tax exemption ruling from the Internal Revenue Service (IRS) under Section 501 (c) of the Internal Revenue Code of 1986. And,

Statement in either their Charter, Articles of Incorporation, By-laws, or by Resolutions, that it has among its purposes the provision of decent housing that is affordable to low- and moderate-income people.

Conforms to the financial accountability standards of Attachment F of OMB Circular A-133, "Standards for Financial Management Systems", as evidenced by:

a notarized statement by the president, or chief financial officer of the organization;

a certification from a Certified Public Accountant, OR

Application Page 78

a HUD approved audit summary.

B. CHDO is requesting CHDO designation as a:Developer

Owner

C.

CHDO must own and develop housing, arrange financing and must be in sole charge of construction or rehab. And,

for rental projects CHDO must own during development and throughout period of affordability and performs all development activities

CHDO must own in fee simple absolute or has long term ground lease during development and affordability period. OR,

CHDO acquires standard housing, or hires project manager or contracts with developer to perform rehab or construction

Sponsor CHDO develops rental housing on behalf of another non-profit or CHDO and transfers title after completion. Or,

entity that develops or owns a project through a for-profit or nonprofit that is a wholly-owned subsidiary of the CHDO. i.e.

a Limited Partnership (LP) of which the CHDO or its subsidiary is the sole general partner. Or,

Limited Liability Company (LLC) of which the CHDO or its subsidiary is the sole managing member. And,

if partnership agreement permits removal of the CHDO as sole managing member or partner, removal must only be permitted for cause. And,

Partnership Agreement must specify that CHDO must be replaced with another CHDO.

Has a demonstrated capacity for carrying out activities assisted with HOME funds, as evidenced by:

Application Page 79

D.

R

III. ORGANIZATIONAL STRUCTURE

A.

By-laws,

Attach resumes and/or statements that describe the education and experience of key staff members who have successfully completed projects similar to those to be assisted with HOME funds indicating if they are full-time, part-time or contract labor and their responsibility on prior projects.

Has a history of serving the community where housing to be assisted with HOME funds will be used, as evidenced by:

a statement that documents at least one year of experience in serving the community, OR

for newly created organizations formed by local churches, service or community organizations, a statement that documents that its parent organization has at least one year of experience in serving the community.

The CHDO, or its parent organization must be able to show one year of serving the community from the date the participating jurisdiction provides HOME funds to the organization. In the statement, the organization must describe its history (or its parent organization's history) of serving the community by describing activities which it provided (or its parent organization provided), such as, developing new housing, rehabilitating existing stock and managing housing stock, or delivering non-housing services that have had lasting benefits for the community, such as counseling, food relief, or childcare facilities. The statement must be signed by the president of the organization or by a HUD approved representative.

Maintains at least one-third of its governing board's membership for residents of low-income neighborhoods, other low-income community residents, or elected representatives of low-income neighborhood organizations as evidenced by the organization's:

Charter, OR

Articles of Incorporation.

Application Page 80

R

Under the HOME program, for urban areas, the term, "community", is defined as one or several neighborhoods, a city, county, or metropolitan area. For rural areas, "community" is defined as one or several neighborhoods, a town, village, county, or multi-county area (but not the whole state).

Application Page 81

B.

By-laws,

a written statement of operating procedures approved by the governing body.

C.

By-laws,

R

D.

By-laws,

Provides a formal process for low-income, program beneficiaries to advise the organization in all of its decisions regarding the design, siting, development, and management of all HOME-assisted affordable housing projects, as evidenced by:

Resolutions, OR

A CHDO may be chartered by a State or local government; however, the State or local government may not appoint: (1) more than one-third of the membership of the organization's governing body; (2) the board members appointed by the State or local government may not, in turn, appoint the remaining two-thirds of the board members; and (3) no more than one-third of the governing board members are public officials, as evidenced by the organization's:

Charter, OR


CERTIFICATION OF EACH BOARD MEMBER MUST BE SUBMITTED WITH THE CHDO APPLICATION IN REGARD TO LOW-INCOME REPRESENTATION, EMPLOYMENT BY STATE OF WYOMING, AND PUBLIC OFFICIAL.

If the CHDO is sponsored or created by a for-profit entity, the for-profit entity may not appoint more than one-third of the membership of the CHDO's governing body, and the board members appointed by the for-profit entity may not, in turn, appoint the remaining two-thirds of the board members, as evidenced by the CHDO's:

Charter, OR


Application Page 82

IV. RELATIONSHIP WITH FOR-PROFIT ENTITIES

A.

A Memorandum of Understanding (MOU)

B.

(1)

in the for-profit organization's By-laws

AND

(2)

By-laws,

V. DESIGNATED SERVICE AREA

By-laws,

R CHDOs do not need to represent a single neighborhood

R

R

Is not controlled, nor receives directions from individuals, or entities seeking profit from the organization, as evidenced by:

By-laws, OR

A Community Housing Development Organization may be sponsored or created by a for-profit entity, however;

the for-profit entity's primary purpose does not include the development or management of housing, as evidence:

the CHDO is free to contract for goods and services from vendor(s) of its own choosing, as evidenced in the CHDO's:

Charter, ORArticles of Incorporation.

A CHDO should have a clearly defined geographic service area, as evidenced in the:

Charter, ORArticles of Incorporation.

CHDOs may include in their service area an entire community (i.e., a city, town, village, county or multi-county area, but not the whole state) as long as they meet other CHDO requirements.

Non-profits serving special populations must also define the geographic boundaries of their service area in order to qualify as CHDOs.

Application Page 83

DATE Authorized Signature

Print or type name

Title

TO HELP SPEED UP THE PROCESSING OF APPLICATIONS, WE REQUEST THAT ALL OF THE ABOVE DOCUMENTATION BE SUBMITTED AT ONE TIME.

I certify that all of the information provided with this application is true and accurate to the best of my knowledge.

Application Page 84

Name of Organization

Eligibility verification for CHDO status

INCOMEMaximum income limits in County*:

Household Income limits Household Income limitssize 20___ size 20___

1 $ 4 $ 2 $ 5 $ 3 $ 6 $

*County where Board Member resides** Most Currently released Low Income (80% AMI) Limits

(initial)

No, the income of my household does not fall below the income guidelines. (initial)

OCCUPATION

Yes, I am an employee of the State of Wyoming.

Yes, I am a Public Official.

My occupation is:

My employer is:

APPOINTMENT

I have been appointed to this board by the State or local government.

Signature Date

This information is confidential and will be shared only with WCDA for verification of Community Housing Development Organization status.

Yes, the income of my household is at or below the income stated above for my family size.

No, I am not an employee of the State of Wyoming.

No, I am not a Public Official.

I certify that I have not been appointed to this board by the State or local government.

Application Page 85

Printed Name

15 Year Cash Flow

Application Page 94

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8Potential Residential Gross IncomeRestricted Units $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Managers Units $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00non-Restricted Units $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Miscellaneous Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Less Vacancy and Collection Loss $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Effective Gross Income (EGI) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Less Annual operating Expenses $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Less Annual Replacement Reserves $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Net Annual operating Income (NOI) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Less Debt Service $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Annual Cash Flow $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Debt Coverage Ratio #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

TOTAL POTENTIAL RESIDENTIAL GROSS INCOME

15 Year Cash Flow

Application Page 95

Potential Residential Gross IncomeRestricted UnitsManagers Unitsnon-Restricted UnitsMiscellaneous Income

Less Vacancy and Collection LossEffective Gross Income (EGI)

Less Annual operating Expenses

Less Annual Replacement Reserves

Net Annual operating Income (NOI)

Less Debt Service

Annual Cash FlowDebt Coverage Ratio

TOTAL POTENTIAL RESIDENTIAL GROSS INCOME

Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Application Page 84

CHECK AND BALANCES

CURRENT ALLOCATION PLAN LIMITATIONS

Recommended Operating Expense Limitation 320.00Manager's Unit RequiredUtility Allowance for Owner Paid Utilities #DIV/0!

Gross Utility Allowance #DIV/0!

ANNUAL RESERVES/UNIT 0 300New Construction Elderly $250 0All Others $300 0

TAX CREDIT LIMITS SYNDICATION RATEEligible Basis Limits # bdrm Cost Limits Tolerance Level 60.000%

$105,000 0 $112,000$132,000 1 $138,000$158,000 2 $167,000$185,500 3 $195,500$207,500 4 $226,500 AVERAGE AFR

$52,000 Community Rm $52,000$135,000 CR w/Kit & Bath $135,000

Average AFRHOME LIMITS

Per Unit Limits # bdrm$88,000 0

$101,000 1$122,000 2$158,000 3$174,000 4

EVALUATION OF LIMITS

BUILDER'S FEESCONSTRUCTION COSTS $0.00

MAXIMUM BUILDERS PROFIT $0.00 6.000%PROPOSED BUILDERS PROFIT $0.00 #DIV/0!UNDER MAXIMUM $0.00 #DIV/0!

MAXIMUM BUILDERS OVERHEAD $0.00 2.000%PROPOSED BUILDERS OVERHEAD $0.00 #DIV/0!UNDER MAXIMUM $0.00 #DIV/0!

MAXIMUM GENERAL REQUIREMENTS $0.00 6.000%PROPOSED GENERAL REQUIREMENTS $0.00 #DIV/0!UNDER MAXIMUM $0.00 #DIV/0!

BUILDERS PROFIT EXCEEDS ALLOCATION

PLAN LIMITATIONS

BUILDERS OVERHEAD EXCEEDS ALLOCATION

PLAN LIMITATIONS

GENERAL REQUIREMENTS EXCEEDS ALLOCATION

PLAN LIMITATIONS

Application Page 85

CHECK AND BALANCES

DEVELOPER'S FEESNEW CONSTRUCTION AND REHABTOTAL COSTS LESS BLDR'S OVERAGES $0.00 MINUS COSTS FOR: - LAND, ACQUISITION & OFF SITE $0 - DEVELOP FEES/CONSULTANT $0 - SYND & RESERVES $0

$0

DEVELOPMENT COSTS $0

MAXIMUM DEVELOPERS FEES New/Rehab #DIV/0! 15.000% 0 (15% OF DEVELOPMENT COSTS OR $500,000 FOR SMALL/RURAL PROJECTS)

ACQUISITIONNUMBER OF RESTRICTED UNITS 0 0.00% MAX DEVELOPER FEEACQUISITION COST $0.00

MAXIMUM DEVELOPERS FEES Acquisition 0.00

TOTAL MAXIMUM DEVELOPERS FEES #DIV/0!

PROPOSED DEVELOPERS FEES $0CONSULTANT FEES $0

TOTAL PROPOSED DEVELOPER FEES $0

#DIV/0! MAXIMUM #DIV/0!

COST PER SQUARE FOOT

TOTAL PROJECT COST $0MINUS LAND $0

COST MINUS LAND $0

SQUARE FOOTAGE 0MINUS

COST PER SQ FT WITH LAND #DIV/0! OVERAGESCOST PER SQ FT - LAND #DIV/0! #DIV/0!

COST OF LAND PER ACRE #DIV/0!

PER UNIT FINANCINGCOST/UNIT FINANCED #DIV/0!COST/UNIT FROM TAX CREDITS #DIV/0!COST/UNIT FROM HOME FUNDING #DIV/0!COST/UNIT FROM DEVELOPER #DIV/0!COST/UNIT FROM GRANTS #DIV/0!COST/UNIT FROM HISTORIC CREDITS #DIV/0!TOTAL #DIV/0! MINUS OVERAGES

DEVELOPERS FEES EXCEEDS ALLOCATION

PLAN LIMITATIONS

Application Page 86

CHECK AND BALANCESAVERAGE COST PER UNIT #DIV/0! #DIV/0!

OPERATING EXP/UNIT/MONTHANNUAL OPERATING EXPENSE $0.00COMPARED TO HOUSING AUTHORITY #DIV/0!ANNUAL OPERATING EXP/UNIT/MONTH #DIV/0!#DIV/0! MAXIMUM #DIV/0!

INCOME EXPENSE COMPARISONINCOME FROM RESTRICTED UNITS

Annual Income# bdrm # Units Rent Inc./Unit / unit type

0 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $0

INCOME FROM MANAGERS UNITSAnnual Income

# bdrm # Units Rent Inc./Unit / unit type0 # BEDROOMS 0 0 $00 # BEDROOMS 0 0 $0

INCOME FROM MARKET RATE UNITSAnnual Income

# bdrm # Units Rent Inc./Unit / unit type0 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $00 # BEDROOMS 0 $0.00 $0

Other income/unit $0.00 $0Other income $0.00 $0

TOTAL ANNUAL RENTAL INCOME $0LESS VACANCY ALLOWANCE $0NET INCOME $0 $0OPERATING EXPENSE + RESERVES $0 #DIV/0!NET $0 #DIV/0!DEBT SERVICE (not including Deferred Dev Fee) $0 $0DEBT SERVICE TO NET INCOME RATIO #DIV/0! #DIV/0! #DIV/0!NET $0 #DIV/0!DEBT SERVICE (INCLUDING DEFERRED DEV FEE) $0 $0

OPERATING EXPENSES PER MONTH EXCEEDS

ALLOCATION PLAN LIMITATIONS

Debt Service Ratio is not between tolerance of 120% - 125% for foreclosable debt OR 110% - 120% with Def Dev Fee

Application Page 87

CHECK AND BALANCESDEBT SERVICE TO NET INCOME RATIO #DIV/0! #DIV/0! #DIV/0!#DIV/0!

Application Page 88

CHECK AND BALANCES

ELIGIBLE BASIS PER UNIT LIMITS# bdrm # Units Limits/unit Max

0 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $0

Managers Unit(s) 0 $0 $0Community Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0

PROJECT TOTAL MAXIMUM 0 $0 $0QCT or DDA BOOST? #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!ELIGIBLE BASIS LESS OVERAGES/ELIGIBLE BASIS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!% TO MAXIMUM #DIV/0! #DIV/0!

TOTAL RESERVESPer app Adj. per Plan

ANNUAL OP EXP 0.00 #DIV/0!ANNUAL RESERVES 0.00 0.00ANNUAL DEBT SERVICE 0.00 0.00TOTAL 0.00 #DIV/0!RESERVE REQUIREMENT @ 4 MO 0.00 #DIV/0! #DIV/0!RESERVE REQUIREMENT @ 6 MO 0.00 #DIV/0! #DIV/0!RESERVES PER APPLICATION $0.00 0.00

$0REPLACEMENT RESERVES

ANNUAL RESERVES 0.00TOTAL UNITS (MINUS MGR) 0RESERVES PER UNIT #DIV/0!

RESERVES = 250/YR NEW ELDERLY RESERVES = 300/YR ALL OTHERS

SYNDICATION RATETAX CREDIT REQUESTED 0.00 0.00PROCEEDS FROM TAX CREDITS 0.00

ELIGIBLE BASIS EXCEEDS ALLOCA-TION PLAN LIMITA-TIONS

RESERVES EXCEEDS ALLOCATION PLAN LIMITSRESERVES DO NOT MEET ALLOCATION PLAN REQUIREMENTS

REPLACEMENT RESERVES EXCEEDS PLAN LIMITSREPLACEMENT RESERVES DO NOT MEET PLAN REQUIREMENTS

Syndication Rate does not fall with tollerance

level of Allocation Plan.

Application Page 89

CHECK AND BALANCESLESS SYNDICATION EXPENSE 0.00NET TO PROJECT 0.00

Syndication Rate does not fall with tollerance


Application Page 90

CHECK AND BALANCESADJUSTED SYNDICATION RATE #DIV/0!

HOME PER UNIT LIMITS# bdrm # Units Limits/unit Max

0 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $00 # BEDROOMS 0 0 0 $88,000 $0

MANAGER'S UNITS 0 0 $0PROJECT TOTAL MAXIMUM 0 $0HOME REQUESTED $0UNDER MAXIMUM $0 #DIV/0!

HOME MATCH BANKEDHOME REQUESTED $0.00 MATCHMATCH REQUIREMENT AT 25% $0 REQUIREDAMOUNT OF MATCH $0 $0MATCH MET YESMATCH REQUIREMENT AT 5% $0.00AMOUNT OF MATCH $0.00MATCH MET YESEXCESS MATCH $0

HOME MATCH REQUIREMENTS ON HOME AND TAX CREDIT PROJECTS

FALSE

AMOUNT OF HOME REQUESTED EXCEED THE AMOUNT ALLOWABLE FOR THE NUMBER OF HOME DESIGNATED UNITS.

PROJECT IS NOT SUPPLYING MINIMUM MATCH REQUIRED

Projects utilizing HOME and Tax Credits with no Private or Conventional financing may NOT use Banked Match and must meet the entire 25% federally mandated Match requirement. PROJECT IS NOT SUPPLYING MINIMUM MATCH REQUIRED

Application Page 91

CHECK AND BALANCESFALSE

TOTAL PROJECT COSTS PER UNIT LIMITS# bdrm # Units Limits/unit Max


MANAGER'S UNITS 0 $0 $00 # BEDROOMS 0 $112,000 $00 # BEDROOMS 0 $112,000 $00 # BEDROOMS 0 $112,000 $00 # BEDROOMS 0 $112,000 $00 # BEDROOMS 0 $112,000 $00 # BEDROOMS 0 $112,000 $0

Community Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0

PROJECT TOTAL MAXIMUM $0 $0QCT or DDA BOOST? #DIV/0! #DIV/0!

#DIV/0! #DIV/0!TOTAL COSTS LESS OVERAGES/TOTAL COSTS #DIV/0! $0LESS INCREASED DEV FEES FOR S/R PROJECTS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!% TO MAXIMUM #DIV/0! #DIV/0!

TOTAL FEESFees under maximum #DIV/0!Project costs $0.00% owner equity #DIV/0!

PROPOSED BUILDERS PROFIT $0.00PROPOSED BUILDERS OVERHEAD $0.00PROPOSED GENERAL REQUIREMENTS $0.00PROPOSED DEVELOPERS FEES $0

$0.00DEVELOPMENT COSTS $0.00% Combined Fees #DIV/0!

HOME REGULATION REQUIREMENTSHOME TOTAL % TO TOTAL

PERCENT OF HOME UNITS TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!PERCENT OF HOME SQ FT TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!

TOTAL PROJECT COSTS EXCEED PLAN LIMITA-TIONS, NEGATIVE POINTS MAY BE ASSESSED.

Application Page 92

CHECK AND BALANCESPERCENT OF HOME FUNDING TO TOTAL $0 $0 0.00%% OF 0-BDRM HOME UNIT TO TOTAL 0-BDRM UNITS 0 0 0 N/A 0% OF 1-BDRM HOME UNIT TO TOTAL 1-BDRM UNITS 0 0 1 N/A 0% OF 2-BDRM HOME UNIT TO TOTAL 2-BDRM UNITS 0 0 2 N/A 0% OF 3-BDRM HOME UNIT TO TOTAL 3-BDRM UNITS 0 0 3 N/A 0

Application Page 93

CHECK AND BALANCES

% OF 4-BDRM HOME UNIT TO TOTAL 4-BDRM UNITS 0 0 4 N/A N/A

APPLICATION CHECK LISTAmount of Tax Credit Requested

0 $0.00 Tax Credit Amount Requested on Page 5#DIV/0! Maximum Amount of Tax Credit eligible to the project from page 39#DIV/0! Difference

REQUESTING MORE TAX CREDIT THAN PROJECT IS ELIGIBLE TO RECEIVE

Amount of HOME Funds Requested0 $0.00 HOME Amount Requested on Page 5

$0.00 HOME funds to be utilized as an Amortizing Loan on Page 20$0.00 HOME funds to be utilized as a Deferred Loan on Page 20$0.00 Difference

Minimum Affordability Period Check0 0 Tax Credit additional Affordability Period agreed to above IRS Requirement on Page 6

0 HOME additional Affordability Period agreed to above HUD Requirement on Page 6Allocation Plan Requires a Minimum of 5 years except projects with less then 12 units

Construction Financing Check$0.00 Total Construction Financing Listed on Page 19$0.00 Total Costs Listed on Page 26$0.00 Difference

Permanent Financing Check$0.00 Total Permanent Financing Listed on Page 20$0.00 Total Costs Listed on Page 26$0.00 Difference

LIHTC Proceeds Check$0.00 Net LIHTC Proceeds from Page 42$0.00 Net LIHTC Proceeds from Page 20$0.00 Difference

Net LIHTC Proceeds reported on page 43 and on page 20 do not match.

Unit Distribution Checkok Summary of units listed on Page 7 for Rent and Income Limitations must equal breakdown on page 17

Restricted Units listed on Page 7 does not match Restricted Units listed on page 17

TAX CREDIT Expected Basis at Placed In Service0 $0.00 Expected Basis reported on Page 26

AMOUNT OF HOME FUNDS REQUESTED DOES NOT EQUAL AMOUNT OF HOME FUNDS LISTED IN PERMANENT FINANCING SOURCES

PROJECT DOES NOT MEET MINIMUM AFFORDABILITY REQUIREMENTS UNDER THE ALLOCATION PLAN

TOTAL CONSTRUCTION FINANCING DOES NOT EQUAL TOTAL CONSTRUCTION COSTS

TOTAL PERMANENT FINANCING DOES NOT EQUAL TOTAL CONSTRUCTION COSTS

Application Page 94

CHECK AND BALANCESOwner Paid Utilities

1 Owner is paying all standard utilities, water, sewer and trash.0 Owner is NOT paying all standard utilities, water, sewer and trash.1

Preference for persons on Section 8

The Allocation Plan requires projects to give preference for persons on the Section 8 waiting list. See Page 60

0

Years Affordability Period vs. HOME Amortization Period.0 Amortization of HOME Funds (Page 20)

#DIV/0! Total Affordability Period committed to on page 6#DIV/0!

Affordability Period must be equal to or greater then amortization period.

Development BudgetOK Sources and Uses must balance each month.

HOME Rate on Page 20 in not at or above AFR

Minimum Amount of Rehabilitation0 $0.00 Amount of Rehabilitation budgeted1 $0.00 Amount of Rehabilitation budgeted for Accessory Structures0 #DIV/0! Amount of Rehabilitation per unit

Minimum amount of Rehabilitation per the Allocation Plan is $15,000 per unitDoes NOT meet minimum amount of Rehabilitation per the Allocation Plan

Restricted Tax Credit Units0 Tax Credit Units are above the 60% Tax Credit Maximum Rent or Income

Restricted HOME Units0 HOME units are above the 60% HOME Maximum Rent or Income

21.0% of the HOME Units are Income and Rent restricted at or below 50% AMI, must be a minimum of 20%#DIV/0! of the HOME Units are at or below 50% AMI, must be a minimum of 40%

HOME FINANCING STRUCTURE WHEN COMBINED WITH TAX CREDITSHOME funds must be amortized at no less than 3% for 40 years when combined with Tax Credits

0.00% Interest rate on the HOME loan0 Term on the HOME loan

HOME STRUCTURING DOES NOT MEET ALLOCATION PLAN

SMALL PROJECT SET ASIDENo Applying for Small Project Set Aside?

0 # of UnitsDoes not qualify for Small Project Set Aside

COMPLIANCE TRAINING0 Has an employee of the owner attended compliance training within the past 5 years?

Owner is NOT paying all standard utilities, water, sewer and trash. Thus there must be a negative utility allowance entered on page 16 for the Owners Utility Allowance.

The Allocation Plan requires projects to limit the gross rent from all sources to not exceed the maximum as presented in this application. See page 6.

Project is not giving preference to persons on the Section 8 waiting list and thus does not meet the minimum scoring requirements. See Page 6Projects is not agreeing to limit the gross rent from all sources to not exceed the maximum as presented in this application and thus does not meet the minimum scoring requirements. See page 6.

Application Page 95

CHECK AND BALANCESDoes not qualify for funding

10% Package Page 4

V27 Application Date:

10% Cost Certification Package Application

A. Project Name 0Site Street Address 0City 0 County 0 Zip Code 0

B. Amount of Annual Credit Requested $ $0.00 0

C. Amount of HOME Requested $ $0.00 0

D. Is site properly zoned?If yes, include third party documentation if not submitted with original application.If no, is site currently in the process of rezoning? Provide details:

When is zoning issue scheduled to be resolved (month and year)?

E. Are all utilities available to and of the appropriate size for the project? If yes, describe:

F. Are there any environmental issues related to the property? If yes, describe:

I. GENERAL PROJECT INFORMATION

10% Package Page 5

II. SPONSOR INFORMATION

The Sponsor must be either a legal entity (e.g. partnership, corporation etc.) or individual who will

unless the project is presented by a CHDO, the Sponsor will be the project owner.

A. Sponsor 0

Taxpayer ID 0 Date Tax ID Obtained 12/30/99

Street Address 0

City 0 County 0 State 0 Zip 0

Contact Person 0

Phone 0 Fax 0

Email Address 0

Type of Sponsor 0

B. Legal Status of Sponsor 0

be named on IRS Form 8609 as the project owner. WCDA reserves tax credits to the sponsor.Reservations are not transferable, and name changes are not allowed. Under HOME



10% Package Page 6

II. SPONSOR INFORMATION (Cont.)

C. Partner informationPartner's Name Tax ID # % of ownership

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

0 0 0.00%

D Contact Person During Application Process:

Name 0

Company 0

Address 0

City 0 State 0 Zip Code 0

Phone 0 Fax 0

Email Address 0

Capacity 0

Hint: To input less than 1%, input as 0.##

10% Package Page 7



Name Tax ID Number

Developer 0 0

General Partner 0 0

Contractor 0 0

Management Company 0 0

Sponsoring Organization 0 0

Consultant 0 0

Tax Attorney 0 0

Tax Accountant 0 0



If yes, provide a description of the relationship.0

10% Package Page 8


Site SizeA. Total Site / Land (Number of acres) 0


LIHTC Units auto fill from orig app 0 0 auto fill from 10% Package Page 8HOME Units auto fill from orig app 0 0 auto fill from 10% Package Page 8Project Based Assisted Units 0 0Other Restricted Units 0 0

Total Low-Income / Rent Restricted Units 0 #DIV/0! 0 #DIV/0!auto fill from 10% Pkg Pg 8 auto fill from 10% Pkg Pg 8

C. Common Use Space Number of Units and Square Footage Employee-Occupied (including Mgr. units) 0 0 auto fill from 10% Package Page 8Owner-Occupied Residential 0 0Other - laundry, office etc. n/a 0




Market Rate Units 0 0 auto fill from 10% Package Page 8Other Units 0 0



G. Total Commercial (not common) Use 0 #DIV/0! 0 #DIV/0!




B.

10% Package Page 9

VI. UNIT DISTRIBUTION AND RENTS

A. Information on Units



Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? HOME?0 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 0

Totals: 0 0 $0.00



Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? Home?0 0 0 0 $0 $0.000 0 0 0 $0 $0.00

Totals: 0 0 $0.00



0 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.00


10% Package Page 9

Totals: 0 0 $0.00

10% Package Page 10

VI. UNIT DISTRIBUTION AND RENTS (Cont.)



0 $ $0.00

0 $ $0.00

0 $ $0.00



Less Vacancy Rate 10% (Max. 10%) $0.00







TOTAL ANNUAL GROSS COMMERCIAL INCOME $0.00


Number of Parking Spaces in Project 0


10% Package Page 11





1 0 $0.00 0.000% 0 12/30/1899Provide Details Below



HOME Investment Partnership Loan(s) $0.00 Deferred CostsDeferred Fees/Costs not expended during construction $0.00 Deferred Developer Fees ► 0.00Tax Credit Equity $0.00 "Deferred" Reserves ► 0.00Total Residential Construction Funds: $0.00 Perm Financing Fees ► 0.00

(Please include commercial space on a separate sheet.)Total Costs not expended during Construction ► 0.00

1 Name of Lender/Contact 0 Contact: 0Address 0City 0 State 0 Zip Code 0 Phone 0

Source: 0 Tax Exempt Bond 0 Tax Exempt Bond 0 Taxable Bond 0 CDBG 0 Conventional 0 HOME 0 Owner Equity0 Federal 0 Local Govt. 0 State Govt. 0 Private 0 Other (Specify) 0

Type: 0 Amortizing Loan 0 Deferred Loan 0 Forgivable Loan 0 Grant 0 Balloon 0 Credit Enhancement0 Owner Equity 0 BMIR**Loan 0 Other (Specify) 0










10% Package Page 11

10% Package Page 11a








Subtotal from prior page $0.00

Total Residential Construction Funds: $0.00(Please include commercial space on a separate sheet.)












10% Package Page 11


10% Package Page 12

VII. PROJECT FINANCING (SOURCES OF FUNDS)B. Permanent Financing



Name of Lender or Other Source Funds Rate Service Date1 0 0.000% 0 / 0 $0.00 12/30/99


2 0 0.000% 0 / 0 $0.00 12/30/99Provide Details Below


HOME Investment Partnership Amortizing Loan 3.000% 0 / 0 $0.00 12/30/99HOME Investment Partnership Deferred Loan 3.000% 0 / - $0.00 12/30/99Deferred Developer Fees/Dev. Contribution 0.000% 144 / 144 $0.00 12/30/99Permanent Financing Subtotal $0.00

$0.00Net Proceeds Low-income Tax CreditTotal Residential Permanent Financing Funds $0.00 $0.00
















10% Package Page 12

10% Package Page 12

VII. PROJECT FINANCING (SOURCES OF FUNDS) (Cont.)B. Permanent Financing



Name of Lender or Other Source Funds Rate Service Date4 0 0.000% 0 / 0 $0.00 12/30/99



6 Grants only listed here 0.000% n/a / n/a $0.00 12/30/99Provide Details Below

Subtotal from prior page $0.00Permanent Financing Subtotal (both pages) $0.00HOME funding Subtotal from prior page $0.00 $0.00 12/30/99Deferred Developer fee from prior page $0.00

$0.00Net proceeds LIHTC from prior page $0.00Total Residential Permanent Financing Funds $0.00 $0.00








6 Name of Lender/Contact Grants only listed here Contact: 0Address 0City 0 State 0 Zip Code 0 Phone 0







10% Package Page 12


10% Package Page 12


CommitmentDate

12/30/99

12/30/99

12/30/99

12/30/9912/30/9912/30/99

Please include commercial space on a separate sheet.

10% Package Page 12

VII. PROJECT FINANCING (SOURCES OF FUNDS) (Cont.)

CommitmentDate

12/30/99

12/30/99

12/30/99

12/30/99

Please include commercial space on a separate sheet.

10% Package Page 13

VIII. SUBSIDIES

A. Credit EnhancementsWhat, if any, Credit Enhancements are expected to be used? Yes/No

FHA Insurance 0

Private Mortgage Insurance 0Letter(s) of Credit 0Other (specify) 0

Will the use of any of the above "Federal Financing, CDBG or Credit Yes/No0

If yes, which ones? 0

Note: WCDA does not perform subsidy layering reviews. When needed HUD must perform the review.

B. Rent Subsidy Anticipated Approval Date# units

Rural Development (RD) 0 #DIV/0! %HUD Project-Based Section 8 0 #DIV/0! %Section 8 Mod Rehab 0 #DIV/0! %HUD Vouchers 0 #DIV/0! %HUD Tenant-Based Certificates 0 #DIV/0! %Other (specify) 0 0 #DIV/0! %

###Sum exceeds 100%

C. Pre-Existing Subsidies (Rehab and Rehab/Acquisition projects only)

Indicate with an "X" any of the following that are currently utilized by the project.

0 HUD Sec 221(d)(3)0 HUD Sec 2360 HUD Sec 236 and Tax Exempts0 HUD Sec 8 New Constr/Sub Rehab0 HUD Rent Sup/RAP0 RD 5150 RD 521 (rent subsidy)0 Tax Exempt Bonds0 State/Local

Will the mortgage insurance or financing subsidy continue? Yes/NoSpecify 0

Enhancements in conjunction with any other Federal Program, trigger HUD Subsidy Layering?

10% Package Page 14


Itemized CostsLAND AND BUILDINGS

Land

Existing Structures

Demolition

1. SUBTOTAL $0.00 $0.00 $0.00

SITE WORK

On-site Work (A)

Off-Site Work

Environmental

2. SUBTOTAL $0.00 $0.00 $0.00 $0.00


New Structures (B)

Rehabilitation (B)

(B)


3. SUBTOTAL $0.00 $0.00 $0.00 $0.00


Actual Costs at10% Test Date

EstimatedFinal Costs




Other(Specify)

10% Package Page 15


Itemized Costs






PROFESSIONAL FEES

Architect Design



Consultant / Agent

Engineer / Surveyor

4. SUBTOTAL $0.00 $0.00 $0.00 $0.00


Payment Bond

Performance Bond

Credit Report


Origination Points

Discount Points

Credit Enhancement

Inspection Fees

Title and Recording

Legal Fees

Taxes

Appraisal

5. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify


Other(Specify)

10% Package Page 16


Itemized Costs






PERMANENT FINANCING

Appraisal

Bond Premium

Credit Report

Discount Points

Origination Fees

Credit Enhancement

Title and Recording

Legal Fees

Prepaid MIP

6. SUBTOTAL $0.00 $0.00 $0.00 $0.00

SOFT COSTS

Feasibility Study

Market Study

Environmental Study

Tax Credit Fees

Consultant Fees

Cost Certification

7. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

10% Package Page 17


Itemized Costs






SYNDICATION COSTS

Organization Costs

Bridge Loan

Tax Opinion

8. SUBTOTAL $0.00 $0.00 $0.00 $0.00

DEVELOPER FEES

Developer Overhead $500,000.00 $500,000.00 $500,000.00

Developer Profit

9. SUBTOTAL $500,000.00 $500,000.00 $0.00 $500,000.00

PROJECT RESERVES

Rent-Up Reserves

Operating Reserves


Escrows

Marketing

10. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

Other(Specify)

10% Package Page 18


Itemized Costs







TOTAL $500,000.00 $500,000.00 $0.00 $500,000.00



TOTAL ELIGIBLE BASIS $0.00 $500,000.00




Expected basis in the project at the end of the 2nd year after the year for which the carryover allocation would be made.

10% Package Page 19


(Example)x 100% = 325,000.00

X yes (x 130%)422,500.00 x 4% 16,900.00325,000.00 no (x 100%)

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!4.00%

0.00 #DIV/0! #DIV/0!### yes (x 130%)

#DIV/0! #DIV/0!### no (x 100%) 4.00%

(Example)x 90% = 630,000

x yes (x 130%)819,000.00 x 9% $73,710 700,000.00 no (x 100%)

$500,000.00 #DIV/0! #DIV/0!### yes (x 130%)

#DIV/0! #DIV/0!### no (x 100%) 9.00%


Total Prj Costs (10% Pg 15-19) $ $500,000.00 USES (1) #DIV/0!Less SOURCES (2) - $ $0.00




10SOURCES Tax Credit “Equity” Required = #DIV/0!

Permanent financing (10% Pkg Pg 12) Divided by Tax Credit Equity FactorPermanent Financing Subtotal $0.00 (See page 43) - HOME Loan $0.00 (The Proposed dollarHOME Deferred $0.00 yield of net syndicationDeferred Developer Fees $0.00 proceeds (or equityNet Proceeds Historic Tax Credits $0.00 contribution) per dollarGrants $0.00 #DIV/0!TOTAL SOURCES $ (2) $0.00 GAP METHOD MAXIMUM = #DIV/0!




% low-income units

Qualified Basis (Eligible basis x

% of low-income units)



IRS Applicable

Percentage*




% low-income units





IRS Applicable

Percentage*


Less Adjustments for overages above limits as


Divided by 10 year credit Period ¸ 10


* Due to the monthly fluctuations, WCDA will use 4% or 9% in determining the amount of annual credit awarded in a preliminary reservation, thus the final allocation may be less.

10% Package Page 19


10% Package Page 20

XII. PROJECT ANNUAL EXPENSES (Rental Project Only)

A.

ADMINISTRATION OPERATING EXPENSESAccounting $0.00 Fuel (Heat/Water) $0.00Advertising $0.00 Electrical $0.00Legal $0.00 Water & Sewer $0.00Leased Equip $0.00 Gas $0.00Management Fees $0.00 Trash/Garbage $0.00Mgmt Salaries $0.00 Security $0.00Model Apartment $0.00 Cable $0.00Office Supply/Postage $0.00 Other 0 $0.00Telephone $0.00 Other 0 $0.00Annual Compliance Fees $0.00Other 0 $0.00

$0.00 $0.00

MAINTENANCE EXPENSES FIXED EXPENSESElevator $0.00 Real Estate Taxes $0.00Exterminating $0.00 In Lieu of Taxes $0.00Grounds $0.00 Other Tax Assessment $0.00Repairs $0.00 Insurance $0.00Maintenance Salaries $0.00 Other 0 $0.00Maintenance Supplies $0.00 Other 0 $0.00Snow Removal $0.00Other 0 $0.00

$0.00 $0.00


ANNUAL REPLACEMENT RESERVES $0.00

#DIV/0!

TOTAL ANNUAL COMMERCIAL OPERATING EXPENSES $0.00




25 - 35 $350.00 $320.0037 - 47 $330.00 Required





TOTAL FIXED COSTS



< 24

10% Package Page 20

$320.00 Required> 48

10% Package Page 21

Tax Credit Syndication (Provide as much information as is available at time of application.)

A. Does this project qualify for Historic Rehabilitation Credits? Yes/No 0If yes, what is the credit amount? $0.00 Estimated Proceeds: $0.00

B. Will the LIHTC Tax Credits be offered to investors? Yes/No 01. If no, attach a description explaining how the tax benefits will be used and how the project will benefit.2. If yes, answer each of the following: Public IndividualsType of offering: 0 Private CorporationsType of Investor: 0

C.Total amount of Annual Tax Credits Requested (From Part I. B. page 4) $0.00Amount per year times 10 years XTotal Amount of Tax Credits $0.00Less:

Attorney $0.00Accountant $0.00Consultant(s) $0.00Present Value $0.00Bridge Loan & Interest $0.00Syndicator $0.00Other (specify) 0 $0.00

Total Costs $0.00



Syndicators or Equity Sources which have been contacted:1 Name Source 0

Contact 0Address 0City 0 State 0 Zip Code 0 Phone 0

2 Name Source 0Contact 0Address 0City 0 State 0 Zip Code 0 Phone 0

XIII. TAX CREDIT SYNDICATION (Tax Credit Only)


10% Package Page 21

$0.00

If no, attach a description explaining how the tax benefits will be used and how the project will benefit.IndividualsCorporations

$0.0010

$0.00

$0.00

$0.00(Must Match Amount on Page 20)

000

0

000

0

LIHTC Syndication costs will be evaluated along with other project costs. Please list all estimated or

10% Cost Certification Package Exhibit C-1Specific Unit Information by Building

(One page for each building)

Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 1 #DIV/0! #DIV/0!X No

Yes

10% Cost Certification Package Applications and Final Applications must complete this information. Qualified basis must be determined on a building by building basis at final application. Complete the section below. Building addresses are required. Make extra copies if necessary.

*Date of Certificate of Occupancy for New Construction

Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @

Applic-able Fraction

Qualified Basis

High Cost Area

Placed In Srvc Date*

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


Total square footage of all buildings must equal square footage on Page 4 Item D, Page 9 Section IV, Page 10 Section V.



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24b



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24c



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24d



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24e



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24f



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24g



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24h



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24i



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24j



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24k



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24l



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24m



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24n



Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



10% Package Page 24o


TOTAL OF ALL BUILDINGS

Address % PVExample

1 0 0 100% 0No

123 "A" Street Yes

0 0 1 #DIV/0! #DIV/0!X No

Yes

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


10% Package Page 25



Jan-01

10% Cost Certification Package Applications and Final Applications must complete this information. Qualified basis must be determined on a building by building basis at final application. Complete the section below. Building

Credit Period Start Date


Total square footage of all buildings must equal square footage on Page 4 Item D, Page 9 Section IV, Page



Jan-01





10% Package Page 24b



Jan-01





10% Package Page 24c



Jan-01





10% Package Page 24d



Jan-01





10% Package Page 24e



Jan-01





10% Package Page 24f



Jan-01





10% Package Page 24g



Jan-01





10% Package Page 24h



Jan-01





10% Package Page 24i



Jan-01





10% Package Page 24j



Jan-01





10% Package Page 24k



Jan-01





10% Package Page 24l



Jan-01





10% Package Page 24m



Jan-01





10% Package Page 24n



Jan-01





10% Package Page 24o


TOTAL OF ALL BUILDINGS Credit Period Start Date

10% Package Page 25

10% Package Checks 29

CHECK AND BALANCESCURRENT ALLOCATION PLAN LIMITATIONS

Recommended Operating Expense Limitation 320.00Utility Allowance for Owner Paid Utilities #DIV/0!Gross Utility Allowance #DIV/0!

ANNUAL RESERVES/UNIT 0 300New Construction Elderly 250.00 0All Others 300.00 0


$105,000 0 $112,000$132,000 1 $138,000$158,000 2 $167,000$185,500 3 $195,500$207,500 4 $226,500


HOME LIMITSPer Unit Limits # bdrm

$88,000 0$101,000 1$122,000 2$158,000 3$174,000 4







PLAN LIMITATIONS


PLAN LIMITATIONS


PLAN LIMITATIONS


CHECK AND BALANCES

DEVELOPER'S FEESNEW CONSTRUCTION AND REHABTOTAL COSTS LESS BLDR'S OVERAGES $500,000.00 MINUS COSTS FOR: - LAND, ACQUISITION & OFF SITE $0 - DEVELOP FEES/CONSULTANT $500,000 - SYND & RESERVES $0

-$500,000

DEVELOPMENT COSTS $0





PROPOSED DEVELOPERS FEES $500,000CONSULTANT FEES $0

TOTAL PROPOSED DEVELOPER FEES $500,000


ORIGINAL PROPOSED DEVELOPERS FEES $0ORIGINAL CONSULTANT FEES $0

ORIGINAL TOTAL PROPOSED DEVELOPER FEES $0

DEVELOPERS FEES AT 10% $500,000CONSULTANT FEES AT 10% $0

TOTAL 10% DEVELOPERS FEES $500,000DEVELOPERS FEES MAY NO EXCEED THE AMOUNT ON THE ORIGINAL APPLICATION


TOTAL PROJECT COST $500,000MINUS LAND $0

COST MINUS LAND $500,000




PER UNIT FINANCINGCOST/UNIT FINANCED #DIV/0!COST/UNIT FROM TAX CREDITS #DIV/0!


PLAN LIMITATIONS


CHECK AND BALANCESCOST/UNIT FROM HOME FUNDING #DIV/0!COST/UNIT FROM DEVELOPER #DIV/0!COST/UNIT FROM GRANTS #DIV/0!COST/UNIT FROM HISTORIC TC #DIV/0!TOTAL #DIV/0! MINUS OVERAGESAVERAGE COST PER UNIT #DIV/0! #DIV/0!





CHECK AND BALANCES









TOTAL ANNUAL RENTAL INCOME $0LESS VACANCY ALLOWANCE $0NET INCOME $0 $0OPERATING EXPENSE + RESERVES $0 #DIV/0!NET $0 #DIV/0!DEBT SERVICE $0 $0DEBT SERVICE TO NET INCOME RATIO #DIV/0! #DIV/0!

Debt Service Ratio is not between tolerance of 115% and 125%


CHECK AND BALANCES


0 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $0 #DIV/0!

MGR # BEDROOMS 0 $0 $0Community Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0

PROJECT TOTAL MAXIMUM 0 $0 $0QCT or DDA 130% BOOST? #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0!ELIGIBLE BASIS LESS OVERAGES/ELIGIBLE BASIS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!

% TO MAXIMUM #DIV/0! #DIV/0!


ANNUAL OP EXP 0.00 #DIV/0!ANNUAL RESERVES 0.00 0.00ANNUAL DEBT SERVICE 0.00 0.00TOTAL 0.00 #DIV/0!RESERVE REQUIREMENT 4 MO 0.00 #DIV/0! #DIV/0!RESERVE REQUIREMENT 6 MO 0.00 #DIV/0! #DIV/0!RESERVES PER APPLICATION $0.00 0.00




SYNDICATION RATETAX CREDIT REQUESTED 0.00 0.00




Syndication Rate does not fall with tolerance



CHECK AND BALANCESPROCEEDS FROM TAX CREDITS 0.00LESS SYNDICATION EXPENSE 0.00NET TO PROJECT 0.00




CHECK AND BALANCESADJUSTED SYNDICATION RATE #DIV/0!



MANAGER'S UNITS 0 0 $0PROJECT TOTAL MAXIMUM 0 $0HOME REQUESTED $0EXCESS MATCH $0







CHECK AND BALANCESCommunity Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0


#DIV/0! #DIV/0!TOTAL COSTS LESS OVERAGES/TOTAL COSTS #DIV/0! $500,000LESS INCREASED DEV FEES FOR S/R PROJECTS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!


CHECK AND BALANCES% TO MAXIMUM #DIV/0! #DIV/0!

TOTAL FEESFees under maximum #DIV/0!Project costs $500,000.00% owner equity #DIV/0!

PROPOSED BUILDERS PROFIT $0.00PROPOSED BUILDERS OVERHEAD $0.00PROPOSED GENERAL REQUIREMENTS $0.00ACQUISITION $0

$0.00DEVELOPMENT COSTS $0.00% Combined Fees #DIV/0!


PERCENT OF HOME UNITS TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!PERCENT OF HOME SQ FT TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!PERCENT OF HOME FUNDING TO TOTAL $0 $0 0.00%% OF 0-BDRM HOME UNIT TO TOTAL 0-BDRM UNITS 0 0 0 N/A 0% OF 1-BDRM HOME UNIT TO TOTAL 1-BDRM UNITS 0 0 1 N/A 0% OF 2-BDRM HOME UNIT TO TOTAL 2-BDRM UNITS 0 0 2 N/A 0% OF 3-BDRM HOME UNIT TO TOTAL 3-BDRM UNITS 0 0 3 N/A 0


CHECK AND BALANCES



0 $0.00 Tax Credit Amount Requested on 10% package Page 4#DIV/0! Maximum Amount of Tax Credit eligible to the project from 10% Package Page 20#DIV/0! Difference


Amount of HOME Funds Requested0 $0.00 HOME Amount Requested on 10% Package Page 4

$0.00 HOME funds to be utilized as an Amortizing Loan on 10% Package Page 12$0.00 HOME funds to be utilized as a Deferred Loan on 10% Package Page 12$0.00 Difference

Construction Financing Check$0.00 Total Construction Financing Listed on 10% Package Page 11

$500,000.00 Total Costs Listed on 10% Package Page 19-$500,000.00 Difference

Permanent Financing Check$0.00 Total Permanent Financing Listed on 10% Package Page 12

$500,000.00 Total Costs Listed on 10% Package Page 19-$500,000.00 Difference

LIHTC Proceeds Check$0.00 Net LIHTC Proceeds from 10% Package Page 22$0.00 Net LIHTC Proceeds from 10% Package Page 12$0.00 Difference





21.00% of the HOME Units are at or below 50% AMI, must be a minimum of 20%#DIV/0! of the HOME Units are at or below 50% AMI, must be a minimum of 40%


TOTAL CONSTRUCTION FINANCING DOES NOT EQUAL TOTAL CONSTRUCTION COSTS

TOTAL PERMANENT FINANCING DOES NOT EQUAL TOTAL CONSTRUCTION COSTS


CHECK AND BALANCES

HOME FINANCING STRUCTURE WHEN COMBINED WITH TAX CREDITSHOME funds must be amortized at no less than 3% for 40years when combined with Tax Credits



Final Package Page 6



Name Tax ID Number

Developer 0 0

General Partner 0 0

Contractor 0 0

Management Company 0 0

Sponsoring Organization 0 0

Consultant 0 0

Tax Attorney 0 0

Tax Accountant 0 0



If yes, provide a description of the relationship.0



Detailed information (address, phone, contact person, qualifications) for each of the development

Do any members of the development team or ownership entity have any direct or indirect, financial orother interest with any of the other project team members (including owners interest in the construction

0



Site SizeA. Total Site / Land (Number of acres) 0


LIHTC Units auto fill from orig app 0 0 auto fill from Final Package Page 8HOME Units auto fill from orig app 0 0 auto fill from Final Package Page 8Project Based Assisted Units 0 0Other Restricted Units 0 0

Total Low-Income / Rent Restricted Units 0 #DIV/0! 0 #DIV/0!auto fill from 10% Pkg Pg 8 auto fill from 10% Pkg Pg 8

C. Common Use Space Number of Units and Square Footage Employee-Occupied (including Mgr. units) 0 0 auto fill from Final Package Page 8Owner-Occupied Residential 0 0Other - laundry, office etc. n/a 0




Market Rate Units auto fill from orig app 0 0 auto fill from Final Package Page 8Other Units 0 0



G. Total Commercial (not common) Use 0 #DIV/0! 0 #DIV/0!




B.


V. UNIT DISTRIBUTION AND RENTS

A. Information on Units



Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? HOME?0 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 00 0 0 0 $0 $0.00 0.0% 0.0% 0 0

Totals: 0 0 $0.00



Bedrooms Units Per Unit Per Size Rent Per Unit Rent Med. Inc. Med. Inc. LIHTC? Home?0 0 0 0 $0 $0.000 0 0 0 $0 $0.00

Totals: 0 0 $0.00



0 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.000 0 0 0 $0 $0.00



Totals: 0 0 $0.00


V. UNIT DISTRIBUTION AND RENTS (Cont.)



0 $ $0.00

0 $ $0.00

0 $ $0.00



Less Vacancy Rate 10% $0.00







TOTAL ANNUAL GROSS COMMERCIAL INCOME $0.00


Number of Parking Spaces in Project 0



VI. PROJECT FINANCING (SOURCES OF FUNDS)B. Permanent Financing



Name of Lender or Other Source Funds Rate Service Date1 0 $0.00 0.000% 0 / 0 $0.00 12/30/99


2 0 $0.00 0.000% 0 / 0 $0.00 12/30/99Provide Details Below


HOME Investment Partnership Amortizing Loan $0.00 3.000% 0 / 0 $0.00 12/30/99HOME Investment Partnership Deferred Loan $0.00 3.000% 0 / - $0.00 12/30/99Deferred Developer Fees/Dev. Contribution $0.00 0.000% 144 / 144 $0.00 12/30/99Permanent Financing Subtotal $0.00

$0.00Net Proceeds Low-income Tax Credit $0.00Total Residential Permanent Financing Funds $0.00 $0.00

















VI. PROJECT FINANCING (SOURCES OF FUNDS) (Cont.)B. Permanent Financing



Name of Lender or Other Source Funds Rate Service Date4 0 $0.00 0.000% 0 / 0 $0.00 12/30/99



6 Grants only listed here $0.00 0.000% n/a / n/a $0.00 12/30/99Provide Details Below

Subtotal from prior page $0.00Permanent Financing Subtotal (both pages) $0.00HOME funding Subtotal from prior page $0.00 $0.00 12/30/99Deferred Developer fee from prior page $0.00

$0.00Net proceeds LIHTC from prior page $0.00Total Residential Permanent Financing Funds $0.00 $0.00








6 Name of Lender/Contact Grants only listed here Contact: 0Address 0City 0 State 0 Zip Code 0 Phone 0


Type: 0 Amortizing Loan 0 Deferred Loan 0 Forgivable Loan 0 Grant 0 Balloon 0 Credit Enhancement





0 Owner Equity 0 BMIR**Loan 0 Other (Specify) 0




VII. PROJECT COSTS AND USES

Itemized CostsLAND AND BUILDINGS

Land

Existing Structures

Demolition

1. SUBTOTAL $0.00 $0.00 $0.00

SITE WORK

On-site Work (A)

Off-Site Work

Environmental

2. SUBTOTAL $0.00 $0.00 $0.00 $0.00


New Structures (B) $2,000,000.00

Rehabilitation (B)

(B)


3. SUBTOTAL $2,000,000.00 $0.00 $0.00 $0.00

List all residential project costs (including non-LIHTC units) and the appropriate eligible basis amount in the appropriate eligible basis column. (Specify what ALL "other" costs are.)

Owner/DeveloperFinal Actual Costs

CPA FinalProject Costs




Other(Specify)



Itemized Costs






PROFESSIONAL FEES

Architect Design



Consultant / Agent

Engineer / Surveyor

4. SUBTOTAL $0.00 $0.00 $0.00 $0.00


Payment Bond

Performance Bond

Credit Report


Origination Points

Discount Points

Credit Enhancement

Inspection Fees

Title and Recording

Legal Fees

Taxes

Appraisal

5. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify


Other(Specify)



Itemized Costs






PERMANENT FINANCING

Appraisal

Bond Premium

Credit Report

Discount Points

Origination Fees

Credit Enhancement

Title and Recording

Legal Fees

Prepaid MIP

6. SUBTOTAL $0.00 $0.00 $0.00 $0.00

SOFT COSTS

Feasibility Study

Market Study

Environmental Study

Tax Credit Fees

Consultant Fees

Cost Certification

7. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)



Itemized Costs






SYNDICATION COSTS

Organization Costs

Bridge Loan

Tax Opinion

8. SUBTOTAL $0.00 $0.00 $0.00 $0.00

DEVELOPER FEES

Developer Overhead $500,000.00

Developer Profit

9. SUBTOTAL $500,000.00 $0.00 $0.00 $0.00

PROJECT RESERVES

Rent-Up Reserves

Operating Reserves


Escrows

Marketing

10. SUBTOTAL $0.00 $0.00 $0.00 $0.00

OtherSpecify

Other(Specify)

Other(Specify)



Itemized Costs







TOTAL $2,500,000.00 $0.00 $0.00 $0.00



TOTAL ELIGIBLE BASIS $0.00 $0.00






(Example)x 100% = 325,000.00

X yes (x 130%)422,500.00 x 4% 16,900.00325,000.00 no (x 100%)

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!4.00%

0.00 #DIV/0! #DIV/0!### yes (x 130%)

#DIV/0! #DIV/0!### no (x 100%) 4.00%

(Example)x 90% = 630,000

x yes (x 130%)819,000.00 x 9% $73,710 700,000.00 no (x 100%)

$0.00 #DIV/0! #DIV/0!### yes (x 130%)

#DIV/0! #DIV/0!### no (x 100%) 9.00%


$0.00 USES (1) #DIV/0!Less SOURCES (2) - $ $0.00




10SOURCES Tax Credit “Equity” Required = #DIV/0!

Permanent financing (Final Page 10) Divided by Tax Credit Equity FactorPermanent Financing Subtotal $0.00 (See page 43) - HOME Loan $0.00 (The Proposed dollarHOME Deferred $0.00 yield of net syndicationDeferred Developer Fees $0.00 proceeds (or equityNet Proceeds Historic Tax Credits $0.00 contribution) per dollarGrants $0.00 #DIV/0!TOTAL SOURCES $ (2) $0.00 GAP METHOD MAXIMUM = #DIV/0!




% low-income units





IRS Applicable

Percentage*




% low-income units





IRS Applicable

Percentage*


Total Prj Costs (Final Page 11-15) $Less Adjustments for overages above limits as


Divided by 10 year credit Period ¸ 10


* Due to the monthly fluctuations, WCDA will use 4% or 9% in determining the amount of annual credit awarded in a preliminary reservation, thus the final allocation may be less.


IX. PROJECT ANNUAL EXPENSES (Rental Project Only)

A.

ADMINISTRATION OPERATING EXPENSESAccounting $0.00 Fuel (Heat/Water) $0.00Advertising $0.00 Electrical $0.00Legal $0.00 Water & Sewer $0.00Leased Equip $0.00 Gas $0.00Management Fees $0.00 Trash/Garbage $0.00Mgmt Salaries $0.00 Security $0.00Model Apartment $0.00 Cable $0.00Office Supply/Postage $0.00 Other 0 $0.00Telephone $0.00 Other 0 $0.00Annual Compliance Fees $0.00 $0.00Other 0 $0.00 $0.00

$0.00 $0.00

MAINTENANCE EXPENSES FIXED EXPENSESElevator $0.00 Real Estate Taxes $0.00Exterminating $0.00 In Lieu of Taxes $0.00Grounds $0.00 Other Tax Assessment $0.00Repairs $0.00 Insurance $0.00Maintenance Salaries $0.00 Other 0 $0.00Maintenance Supplies $0.00 Other 0 $0.00Snow Removal $0.00Other 0 $0.00

$0.00 $0.00


ANNUAL REPLACEMENT RESERVES $0.00

#DIV/0!

TOTAL ANNUAL COMMERCIAL OPERATING EXPENSES $0.00




25 - 35 $350.00 $320.0037 - 47 $330.00 Required





TOTAL FIXED COSTS



< 24


$320.00 Required> 48


Tax Credit Syndication

A. Does this project qualify for Historic Rehabilitation Credits? Yes/No 0If yes, what is the credit amount? $0.00 Estimated Proceeds: $0.00

B. Will the LIHTC Tax Credits be offered to investors? Yes/No 01. If no, attach a description explaining how the tax benefits will be used and how the project will benefit.2. If yes, answer each of the following: Public IndividualsType of offering: 0 Private CorporationsType of Investor: 0

C.Total amount of Annual Tax Credits Requested (From Part I. B. page 4) $0.00Amount per year times 10 years XTotal Amount of Tax Credits $0.00Less:

Attorney $0.00Accountant $0.00Consultant(s) $0.00Present Value $0.00Bridge Loan & Interest $0.00Syndicator $0.00Other (specify) 0 $0.00

Total Costs $0.00



D. SyndicatorName 0Contact 0Address 0City 0 State 0 Zip Code 0 Phone 0

X. TAX CREDIT SYNDICATION (Tax Credit Only)



$0.00

If no, attach a description explaining how the tax benefits will be used and how the project will benefit.IndividualsCorporations

$0.0010

$0.00

$0.00

$0.00(Must Match Amount on Page 20)

000

0

LIHTC Syndication costs will be evaluated along with other project costs. Please list all estimated or

Final Package Exhibit F-1Specific Unit Information by Building


% PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 1 #DIV/0! #DIV/0!X No

Yes


*Date of Certificate of Occupancy for New ConstructionAddress - Notate Manager's Unit after address with "MGR"

Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



Final Page 20a10% Cost Certification Package Exhibit C-1

Specific Unit Information by Building(One page for each building)

Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes



Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


Final Page 20b10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes




Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20c10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address % PV




Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


Example1 400 123,000 100% 123,000

No123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20d10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No


Address




Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20e10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


Yes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20f10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20g10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20h10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20i10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20j10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20k10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20l10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20m10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20n10% Cost Certification Package Exhibit C-1


Address % PVExample

101AX No

400 2 123,000 100% 123,000X No

12/31/1999123 "A" Street Yes YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNo

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area





Unit No

HOME Program

Unit?Square

FeetNum. Of

Bdrms

Eligible Basis @


Qualified Basis

High Cost Area


YesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYesNoYes

Address % PVExample

1 400 123,000 100% 123,000No

123 "A" Street Yes

0 0 0 #DIV/0! #DIV/0!X No

Yes

Final Page 20o10% Cost Certification Package Exhibit C-1

Specific Unit Information by BuildingTOTAL OF ALL BUILDINGS

Address % PVExample

1 0 0 100% 0No

123 "A" Street Yes

0 0 1 #DIV/0! #DIV/0!X No

Yes

# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area



# Units

Total Square

Feet

Eligible Basis @


Qualified Basis

High Cost Area


Final Page 21

Final Package Exhibit F-1Specific Unit Information by Building


Jan-01





Final Page 20a10% Cost Certification Package Exhibit C-1


Jan-01




Final Page 20b10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20c10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20d10% Cost Certification Package Exhibit C-1


Jan-01




Credit Period

Final Page 20e10% Cost Certification Package Exhibit C-1


Jan-01

Period Start Date




Final Page 20f10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20g10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20h10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20i10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20j10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20k10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20l10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20m10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20n10% Cost Certification Package Exhibit C-1


Jan-01





Final Page 20o10% Cost Certification Package Exhibit C-1

Specific Unit Information by BuildingTOTAL OF ALL BUILDINGS




Final Page 21


Final Exhibit F- 4CERTIFICATION OF QUALIFIED NON-PROFIT ORGANIZATION

For purposes of Internal Revenue Code (IRC.) Section 42, with respect to the application for anallocation of low income housing tax credits for the 0project (the “Project”), thea, non-profit corporation(the “Company”), makes the following representations and certifications under penalty of perjury:

(1) The Company is exempt from federal taxation under IRC. Section 501(a) as an organizationdescribed in Internal Revenue Code:

(2) One of the exempt purposes of the Company includes the fostering of low income housing.

(3)

(4)

(5) The Company is not affiliated with, or controlled by a for-profit organization.

DATED this ______________ day of _________________________, 19 ______.

Company:

By: Its: State of: )

:County of : )

On this day of , 20 personally appeared before me, , the signer of this document, who by me duly sworn did

say that he is the , ofa nonprofit corporation, and that this document was signed on behalfof said corporation by authority of its Board of Directors, and 0acknowledges that he executed the above instrument.

The Company owns an interest in the Project, directly or through a partnership or limited liability company.

The Company will materially participate (within the meaning of IRC. Section 469(h) ) in the development and operation of the Project throughout the Project compliance period.

No Modifications are allowed to this Certification of Qualified Non-profit Organization.


Notary Public My Commission Expires:


CHECK AND BALANCESCURRENT ALLOCATION PLAN LIMITATIONS

Recommended Operating Expense Limitation 320.00Utility Allowance for Owner Paid Utilities #DIV/0!Gross Utility Allowance #DIV/0!

ANNUAL RESERVES/UNIT 0 300New Construction Elderly 250.00 0All Others 300.00 0


$105,000 0 $112,000$132,000 1 $138,000$158,000 2 $167,000$185,500 3 $195,500$207,500 4 $226,500


HOME LIMITSPer Unit Limits # bdrm

$88,000 0$101,000 1$122,000 2$158,000 3$174,000 4







PLAN LIMITATIONS


PLAN LIMITATIONS


PLAN LIMITATIONS


DEVELOPER'S FEESNEW CONSTRUCTION AND REHABTOTAL COSTS LESS BLDR'S OVERAGES $2,500,000.00 MINUS COSTS FOR: - LAND, ACQUISITION & OFF SITE $0 - DEVELOP FEES/CONSULTANT $500,000 - SYND & RESERVES $0

-$500,000

DEVELOPMENT COSTS $2,000,000





PROPOSED DEVELOPERS FEES $500,000CONSULTANT FEES $0

TOTAL PROPOSED DEVELOPER FEES $500,000


ORIGINAL PROPOSED DEVELOPERS FEES $0ORIGINAL CONSULTANT FEES $0

ORIGINAL TOTAL PROPOSED DEVELOPER FEES $0

DEVELOPERS FEES AT FINAL $500,000CONSULTANT FEES AT FINAL $0

TOTAL FINAL DEVELOPERS FEES $500,000DEVELOPERS FEES MAY NO EXCEED THE AMOUNT ON THE ORIGINAL APPLICATION


TOTAL PROJECT COST $0MINUS LAND $0

COST MINUS LAND $0




PER UNIT FINANCINGCOST/UNIT FINANCED #DIV/0!COST/UNIT FROM TAX CREDITS #DIV/0!COST/UNIT FROM HOME FUNDING #DIV/0!COST/UNIT FROM DEVELOPER #DIV/0!COST/UNIT FROM GRANTS #DIV/0!


PLAN LIMITATIONS


COST/UNIT FROM HISTORIC TC #DIV/0!TOTAL #DIV/0! MINUS OVERAGESAVERAGE COST PER UNIT #DIV/0! #DIV/0!













TOTAL ANNUAL RENTAL INCOME $0LESS VACANCY ALLOWANCE $0NET INCOME $0 $0OPERATING EXPENSE + RESERVES $0 #DIV/0!NET $0 #DIV/0!DEBT SERVICE $0 $0DEBT SERVICE TO NET INCOME RATIO #DIV/0! #DIV/0!

Debt Service Ratio is not between tolerance of 115% and 125%



0 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $00 # BEDROOMS 0 $105,000 $0 #DIV/0!

MGR # BEDROOMS 0 $0 $0Community Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0

PROJECT TOTAL MAXIMUM 0 $0 $0QCT or DDA 130% BOOST? #DIV/0! #DIV/0! 0

#DIV/0! #DIV/0!ELIGIBLE BASIS LESS OVERAGES/ELIGIBLE BASIS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!



ANNUAL OP EXP 0.00 #DIV/0!ANNUAL RESERVES 0.00 0.00ANNUAL DEBT SERVICE 0.00 0.00TOTAL 0.00 #DIV/0!RESERVE REQUIREMENT 4 MO 0.00 #DIV/0! #DIV/0!RESERVE REQUIREMENT 6 MO 0.00 #DIV/0! #DIV/0!RESERVES PER APPLICATION $0.00 0.00




SYNDICATION RATETAX CREDIT REQUESTED 0.00 0.00PROCEEDS FROM TAX CREDITS 0.00LESS SYNDICATION EXPENSE 0.00NET TO PROJECT 0.00







ADJUSTED SYNDICATION RATE #DIV/0!




MANAGER'S UNITS 0 0 $0PROJECT TOTAL MAXIMUM 0 $0HOME REQUESTED $0EXCESS MATCH $0




Community Rm 0 $0 $0CR w/Kit & Bath 0 $0 $0





#DIV/0! #DIV/0!TOTAL COSTS LESS OVERAGES/TOTAL COSTS #DIV/0! $0LESS INCREASED DEV FEES FOR S/R PROJECTS #DIV/0! #DIV/0!#DIV/0! MAXIMUM #DIV/0! #DIV/0!



TOTAL FEESFees under maximum #DIV/0!Project costs $0.00% owner equity #DIV/0!

PROPOSED BUILDERS PROFIT $0.00PROPOSED BUILDERS OVERHEAD $0.00PROPOSED GENERAL REQUIREMENTS $0.00ACQUISITION $0

$0.00DEVELOPMENT COSTS $2,000,000.00% Combined Fees 0.00%


PERCENT OF HOME UNITS TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!PERCENT OF HOME SQ FT TO TOTAL UNITS 0 0 #DIV/0! #DIV/0!PERCENT OF HOME FUNDING TO TOTAL $0 $0 0.00%% OF 0-BDRM HOME UNIT TO TOTAL 0-BDRM UNITS 0 0 0 N/A 0% OF 1-BDRM HOME UNIT TO TOTAL 1-BDRM UNITS 0 0 1 N/A 0% OF 2-BDRM HOME UNIT TO TOTAL 2-BDRM UNITS 0 0 2 N/A 0% OF 3-BDRM HOME UNIT TO TOTAL 3-BDRM UNITS 0 0 3 N/A 0



0 $0.00 Tax Credit Amount Requested on Final package Page 4#DIV/0! Maximum Amount of Tax Credit eligible to the project from Final Package Page 16#DIV/0! Difference


Amount of HOME Funds Requested0 $0.00 HOME Amount Committed on Final Package Page 4

$0.00 HOME funds to be utilized as an Amortizing Loan on Final Package Page 10$0.00 HOME funds to be utilized as a Deferred Loan on Final Package Page 10$0.00 Difference

HOME MatchThe HOME Final Match Amount must be equal to or greater than the amount committed to in the Original application.

Construction Financing Check

Permanent Financing Check$0.00 Total Permanent Financing Listed on Final Package Page 10$0.00 Total Costs Listed on Final Package Page 15



$0.00 DifferenceTOTAL PERMANENT FINANCING DOES NOT EQUAL TOTAL CONSTRUCTION COSTS


LIHTC Proceeds Check$0.00 Net LIHTC Proceeds from Final Package Page 18$0.00 Net LIHTC Proceeds from Final Package Page 10$0.00 Difference





21.00% of the HOME Units are at or below 50% AMI, must be a minimum of 20%#DIV/0! of the HOME Units are at or below 50% AMI, must be a minimum of 40%

HOME FINANCING STRUCTURE WHEN COMBINED WITH TAX CREDITSHOME funds must be amortized at no less than 3% for 40years when combined with Tax Credits



PLACED IN SERVICE DATE0 Placed in Service date is needed for each building. See pages 20 a - 20 z

CREDIT PERIOD START DATE0 Credit Period Start date is needed for each building. See pages 20 a - 20 z

[xls] · web viewsingle-family homebuilders that can meet at least one of the above requirements...

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