gables ph ii app

8/6/2019 Gables PH II App

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Print Preview - FinalApplicationTax Credits, RPP Loans, and/or Tax Exempt Bond Loans

roject Description

oject Name: Gables Phase II

dress: 2108 Statesville Ave.

ty: Charlotte County: Mecklenburg Zip:

ensus Tract: 51 Block Group: 2

project in Qualified Census Tract or Difficult to Develop Area? Yes

olitical Jurisdiction: City of Charlotte

risdiction CEO Name:First:Patrick Last:McCroy

Title: Mayor

risdiction Address: 600 East Fourth Street

risdiction City: Charlotte Zip:

risdiction Phone:

e Latitude:

e Longitude:

oject Type: New Construction

this project a previously awarded tax credit development? No

If yes, what is the project number: Is this a request for supplementalcredits?

w Construction/Adaptive Reuse:his project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? Yes

If yes, list names of previous phase(s): Gables at Druid Hills

ehab:

umber of residents holding Section 8uchers:

l the project meet Energy Star standards as defined in Appendix B? Yes

es a community revitalization plan exist? Yes

ll the project use steel and concrete construction and have at least 4 stories? No

ll the project include a Community Service Facility under IRS Revenue Ruling 2003-77?o

ttps://www.nchfa.org/Rental/RTCApp/(S(ncfo4h45z...5F6474B214&SNID=5DFC325B8E9E4B4787423EA4FF83BCAD (1 of 29)9/16/2008 2:12:44 PM

28206

28202

(704)336-7600

35.2502

-80.8359


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If yes, please describe:

rget Population:Elderly (55)

ll the project be receiving project based federal rental assistance? No

If yes, provide the subsidy source: and number of units:

icate below any additional targeting for special populations proposed for this project:

Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal andstate codes.)

Number of Units:

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

Number of Units:

Remarks: The residents of Gables Phase II will have access to the amenities of the first phase including themanagement office.


4

8


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pplicant Information

icate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. UndeP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant

come part of the ownership entity. The applicant will execute the signature page for this application.

pplicant Name: Charlotte-Mecklenburg Housing Partnership, Inc.

dress: 4601 Charlotte Park Dr., Suite 350

ty: Charlotte, State: NC Zip:

ontact: First: Patricia Last:Garrett Title:President

lephone:

Phone:

x:

mail Address:

OTE: Email Address above will be used for communication between NCHFA and Applicant.


28217

(704)342-0933

(704)285-6010

(704)342-2745

[email protected]


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te Description

al Site Acreage: Total Buildable Acreage:

If buildable acreage is less than total acreage, please explain:

The buildable acreage in this case is less than the site acreage because it substracts the local zoningsetbacks ordinance.

ntify utilities and services currently available (and with adequate capacity) for this site:

Storm Sewer Water Sanitary Sewer Electric

he demolition of any buildings required or planned? No

If yes, please describe:

e existing buildings on the site currently occupied? No

If yes:(a) Briefly describe the situation:

(b) Will tenant displacement be temporary?(c) Will tenant displacement be permanent?

he site directly accessed by an existing, paved, publicly maintained road? Yes

If no, please explain:

any portion of the site located inside the 100 year floodplain? No

If yes:(a) Describe placement of project buildings in relation to this area:


1.313 1.02


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(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:



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te Control

es the owner have fee simple ownership of the property (site/buildings)?No

If yes provide:

Purchase Date: Purchase Price:

If no:(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes

(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract fopurchase of the property and the seller of the property?YesIf yes, specify the relationship:

The property is currently owned by Double Oaks Development, LLC Charlotte-Meckenburg HousingPartnership, Inc. is the sole member of Double Oaks Development, Inc.

(c) Enter the current expiration date of the option/contract to purchase:

(D) Enter Purchase Price:


5/30/2009

720,000


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oning

esent zoning classification of the site:NS

multifamily use permitted?Yes

e variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No

If yes, have the hearings been completed and permits been obtained?

If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obta

them:

e there any existing conditions of historical significance located on the project site that will require State Historic Preservation office re

If yes, describe below:

e there any existing conditions of environmental significance located on the project site?No

If yes, describe below:



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wnership Entity

wner Name: Gables II, LLC

dress: 4601 Charlotte Park Dr. Ste 350

y: Charlotte State:NC Zip:

deral Tax ID Number of Ownership Entity: (If assigned)

ote: Do not submit social security numbers for individuals.

tity Type: Limited Liability Company

tity Status: Already Formed

the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes

the applicant requesting that the Agency treat the application as CHDO sponsored? No

st all general partners, members,and principals. Specify nonprofit corporate general partners or members.ck [Add] to add additional partners, members, and principals.

Org: Charlotte-Mecklenburg Housing Partnership, Inc.

st Name: Patricia Last Name: Garrett Function: Managing Memberddress: 4601 Charlotte Park Dr., Ste 350

ty: Charlotte State: NC Zip: 28217

one: Fax:

Mail: Nonprofit: No


28217

(704)342-0933 (704)342-2745

[email protected]


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Community space within residential bulding(s) - Sq. Ft. (Floor Area):

Elevators - Number of Elevators:

uare Footage Information

oss Floor Square Footage:

tal Net Sq. Ft. (All Heated Areas):

tes

Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low inc

units are within established thresholds.

ttps://www.nchfa.org/Rental/RTCApp/(S(ncfo4h45...F6474B214&SNID=5DFC325B8E9E4B4787423EA4FF83BCAD (10 of 29)9/16/2008 2:12:44 PM

4,000

2

91,500

75,520
http://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htmhttp://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htm


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argeting

ecify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to cother row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.

BRs Units %

targeted at percent of median income affordable to/occupied by








tal Low Income Units:

te: This number should match the total number of low income units in the Unit Mix section.


6 30

2 30

7 30

3 30

32 60

11 60

6 50

5 50

72


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unding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP Loan

Local Gov. Loan - Specify:City of Charlotte Loan

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan)

State Tax Credit(Direct Refund)

Equity: Federal LIHTC

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources**

"Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt serbelow.

Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

timated pricing on sale of Federal Tax Credits: $0.

emarks concerning project funding sources:ease be sure to include the name of the funding source(s))


1,512,000 4.50 40 40

0 30 30 0

6,482,184

10,000

8,004,184

80


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ans with Variable Amortizationease fill in the annual debt service as applicable for the first 20 years of the project life.

ocal Gov. Loan - City of Charlotte Loan

ear:mt:

1 2 3 4 5 6 7 8 9 10

ear:mt:

11 12 13 14 15 16 17 18 19 20


0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0


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evelopment Costs

Item Cost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Building(s) (Rehab / Adaptive Reuse only)

2 Demolition (Rehab / Adaptive Reuse only)

3 On-site Improvements

4 Rehabilitation

5 Construction of New Building(s)

6 Accessory Building(s)

7 General Requirements (max 6% lines 2-6)

8 Contractor Overhead (max 2% lines 2-7)

9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest)

10 Construction Contingency (max 3% lines 2-9, Rehabs 6%)

11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10)

12 Architect's Fee - Inspection

13 Engineering Costs

SUBTOTAL (lines 1 through 13)

14 Construction Insurance (prorate)

15 Construction Loan Orig. Fee (prorate)

16 Construction Loan Interest (prorate)

17 Construction Loan Credit Enhancement (prorate)

18 Construction Period Taxes (prorate)

19 Water, Sewer and Impact Fees

20 Survey

21 Property Appraisal

22 Environmental Report

23 Market Study

24 Bond Costs

25 Bond Issuance Costs

26 Placement Fee

27 Permanent Loan Origination Fee

28 Permanent Loan Credit Enhancement

29 Title and Recording


576,000 518,400

4,392,000 4,392,000

288,000 288,000

90,000 90,000

396,000 396,000

144,000 144,000

150,000 150,000

25,000 25,000

100,000 100,000

6,161,000

50,000 40,000

20,000 18,000

240,000 216,000

5,000 5,000

117,575 117,575

12,000 12,000

12,000 12,000

9,000 9,000

10,300 10,300

10,000


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30 Real Estate Attorney

31 Other Attorney's Fees

32 Tax Credit Application Fees (Preliminary and Full)

33 Tax Credit Allocation Fee (0.60% of line 59, minimum $7,500)

34 Cost Certification / Accounting Fees

35 Tax Opinion

36 Organizational (Partnership)

37 Tax Credit Monitoring Fee


38 Furnishings and Equipment

39 Relocation Expense

40 Developer's Fee

41

42

43 Rent-up Expense

44

45


46 Rent up Reserve

47 Operating Reserve

48

49

50 DEVELOPMENT COST (lines 1-49)

51 Less Federal Financing

52 Less Disproportionate Standard

53 Less Nonqualified Nonrecourse Financing

54 Less Historic Tax Credit

55 TOTAL ELIGIBLE BASIS

56 Applicable Fraction (percentage of LI Units)

57 Basis Before Boost

58 Boost for QCT/DDA (if applicable, enter 130%)

59 TOTAL QUALIFIED BASIS


485,875

20,000 20,000

20,000

2,200

57,551

15,000 15,000

5,000

10,000

50,400

180,151

50,000 50,000

750,000 750,000

Other Basis Expense (s

Other Basis Expense (s

24,000

Other Non-basis Expen

Other Non-basis Expen

824,000

30,000

153,158

Other Reserve (specify)

Other Reserve (specify)

7,834,184 0 7,378,275

0

7,378,275 0 7,378,275

100.00% 100% 100%

7,378,275 0 7,378,275

130.00% 130.00%

9,591,758 0 9,591,758


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60 Tax Credit Rate

61 Federal Tax Credits at Estimated Rate

62 Federal Tax Credits at 9.00% or 3.75% (maximum $1,000,000)

63 Federal Tax Credits Requested

64 Land Cost

65 TOTAL REPLACEMENT COST

FEDERAL TAX CREDITS IF AWARDED

Comments:

Project oversourced, so max credit awarded is $858,022

Total Replacement Cost per unit:81,750


3.40 8.50

815,299 0 815,299

863,258 0 863,258

773,521 773,521

170,000

8,004,184

858,022


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arket Study Information

ase provide a detailed description of the proposed project:

ables Phase II Elderly Apartments ("Gables II") is a proposed 72 unit family apartment community onohler Avenue off Statesville Avenue in the Druid Hills neighborhood. The development will face Statesvilleenue and will be contiguous with the Gables at Druid Hills elderly apartments (Gables I). Thevelopment is also located in a qualified Census Tract as defined by HUD and will therefore receive a 30%ost in tax credit equity.

ghteen (18) units will be affordable to residents at 30% AMI and fifty-four (54) units will be affordable touseholds with income up to 60% AMI. Gables II is located within the bounds of the approved Statesvilleenue Corridor Area Plan. A rezoning petition was submitted and approved to enable the construction of

e proposed apartment community. The rezoning petition and the draft site plan anticipate that thevelopment will share amenities and parking with Gables I. The development will have eight (8) dedicatedits for the mobility impaired.

e site is minutes from Downtown Charlotte and the future residents will benefit from surrounding nearbymenities including public schools, parks, libraries, health services and public transportation. In addition thesidents will benefit from swimming pools, community centers, restaurants and a number of places oforship. There are also an abundance of supportive services facilities available to tenants within a two miledius. The development will also benefit from the Double Oaks redevelopment and the future residents willable to take advantage of the new retail and civic uses in this new community.

ables II will have a proposed $8,470,800 ($117,650 per unit) total development cost. There will be 51 (1)droom units at 700 square feet and and 21 (2) bedroom units at 936 square feet.

nstruction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:

Covered porch for residents.

ve you built other tax credit developments that use the same building design as this project?Yes

If yes, please provide name and address:

Gables at Druid HillsA 2001 Tax Credit Development2108 Statesville AvenueCharlotte, NC 28206

e Amenities:

e Gable Phase II Elderly Apartments site amenities will include shared outdoor sitting areas, walkingils, covered drive-thru or drop-off at building entry, shared gazebo and multi-purpose room.



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site Activities:

ommunity room will be available for group activities and other day and evenings and on weekends events.e property will host at least two community wide parties per year.

ndscaping Plans:

e facility's exterior will have attractive landscaping in a similar fashion as the developer's prior tax creditmmunities.

erior Apartment Amenities:

ur interior apartment amenities will include indoor sitting area, resident computer center and tenant

orage areas. All units must be equipped with emergency pull chains in master bedroom and in fullthroom.

you plan to submit additional market data (market study, etc.) that you want considered? Yes

If yes, please make sure to include the additional information in your pre-application packet.



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pplicant's Site Evaluation

efly describe your site in each of the following categories:

EIGHBORHOOD CHARACTERISTICS

end and direction of real estate development and area economic health. Physical condition of buildings andprovements in the immediate vicinity. Concentration of affordable housing.

ables II is located within the bounds of the approved Statesville Avenue Corridor Area Plan. A rezoning

etition has been submitted to enable the construction of the proposed apartment community. The rezoningetition and the draft site plan anticipate that the development will share amenities and parking with Theables I. Gables I is a 63 unit tax credit elderly development placed in service in 2003. The first phase wasso developed by Charlotte Mecklenburg Housing Partnership.

URROUNDING LAND USES AND AMENITIES

nd use pattern is residential in character (single and multifamily housing). Extent that the location isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:astewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distributioncilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,

urces of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount andaracter of vacant, undeveloped land. Gables II is located within the bounds of the approved Statesvilleenue Corridor Area Plan. A rezoning petition was submitted and approved to enable the construction of

e proposed apartment community. The rezoning petition and the draft site plan anticipate that thevelopment will share amenities and parking with The Gables I.

TE SUITABILITY

equate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilitiesarticularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project signin relation to traffic corridors. The site is minutes away from Downtown Charlotte through an extended grid

roads and highways. It also enjoys the convenience of a public bus transportation system that runs in frontthe development on Statesville Ave. The future residents will benefit from surounding nearby amenities

cluding public schools, parks, libraries and health services. In addition the residents will benefit from

wimming pools, community centers, restaurants and a number of places of places of worship. There areso and abundance of supportive services facilities available to tenants within a two mile radius. Thevelopment will also benefit from the Double Oaks redevelopment and the future residents will be able to

ke advantage of the new retail and civic uses in this new community. Maps detailing the surroundingmenties are included in the Exhibit F Market Study section.

egree of on-site negative features and physical barriers that will impede project construction or adverselyect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, largeulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-itability for residential use and difficulties posed by the building(s), such as limited parking, environmentaloblems or the need for excessive demolition).

he lot upon which the proposed development will be constructed is a small urban lot. The building isesigned to fit well within the urban fabric and the limitations of the small lot. The building design will beficient and will take advantage of the adjoining Gables Phase I development while accomodating the

quired on-site amenities. The site has no apparent physical barriers or negative features that wouldmpede construction as proposed.



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milarity of scale and aesthetics/architecture between project and surroundings.

ables Phase II Elderly Apartments (Gables II) will be a close reflection in scale, aesthetics andrchitectural vocabulary to it's precedential model (Gables I), which is physically adjacent to it and will shareome amenities and parking resources. Gables Phase II is part of the redevelopment of Double Oakspartments and as such will have to be consistent architecturally with the planned surrounding newonstruction. The architectural firm hired to master plan Double Oaks is in the process of creating a "patternook" that will define the architectural language of the entire neighborhood.

evelopers who purchase developed lots within the community will have to abide by the requirements ofis pattern book. CMHP will work closely with the architect to create the pattern book and will ensure thate affordable new construction is in compliance.

r each applicable neighborhood feature, enter distance from project in miles.

Grocery StoreCommunity/Senior

Center

Mall/Strip Center Hospital

Outdoor Athletic Fields Pharmacy

Day Care/After School Basic Health Care

Schools

Public Transportation

op

Convenience Store

Public Parks

Gas Station

Library

her facilities or services:

her services includes:anks - .43 milesotels - 1.28ovie Theatres - 1.52S Post Offices - 1.15


6.09

82 .92

28 .23

4 1.34

4

2

7

49

6

59


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evelopment Team

ovide contact information for development team members below:

nagement Agent

ompany: S.L. Nusbaum Realty Company

ddress: 1000 Bank of America Center, One Commercial Place

ty: Norfolk State: VA Zip:

one Email:

ontact Name: First: Gary Last: Hartman

chitect

ompany: Shook Kelly

dress: 2151 Hawkins Street Suite 400

ty: Charlotte State: NC Zip:

one Email:

ontact Name: First: terry Last: shook

orney

ompany: The Brokmann Law Firm, P.C.

ddress: 8058 Corporate Center Drive, Suite 100

ty: Charlotte State: NC Zip:

one Email:

ontact Name: First: Todd Last: Brockmann

estor

ompany: To Be Bid

dress: To Be Bid

ty: To Be Bid State: NC Zip:

one Email:

ontact Name: First: Last:

nsultant/Application Preparer (if different from developer)

ompany:

dress:

ty: State: Zip:

one Email:



23510

(336)320-3472 [email protected]

28203

(704)377-0661 [email protected]

28226

(704)541-5779 tbrockmann@brockmannlawfirm.

99999

(999)999-9999


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neral Contractor Identity of Interest?

ompany: To Be Bid

dress: To Be Bid

ty: To Be Bid State: NC Zip:

one Email:



99999

(999)999-9999


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rojected Operating Costs

Project Operations (Year One)

Administrative Expenses

Advertising

Office Salaries

Office Supplies

Office or Model Apartment Rent

Management Fee

Manager or Superintendent Salaries

Manager or Superintendent Rent Free Unit

Legal Expenses (Project)

Auditing Expenses (Project)

Bookkeeping Fees/Accounting Services

Telephone and Answering Service

Bad Debts

Other Administrative Expenses (specify):

SUBTOTAL

Utilities Expense

Fuel Oil

Electricity (Light and Misc. Power)

Water

Gas

Sewer

SUBTOTAL

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies

Janitor and Cleaning Contract

Exterminating Payroll/Contract

Exterminating Supplies

Garbage and Trash Removal

Security Payroll/Contract

Grounds Payroll


2,000

2,000

34,560

33,500

1,500

10,500

5,500

5,700

Training, Travel, Compu1,600

96,860

18,800

8,000

2,000

28,800

1,000

1,000

4,500

500


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Grounds Supplies

Grounds Contract

Repairs Payroll

Repairs Material

Repairs Contract

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract

Decorating Supplies

Other (specify):

Miscellaneous Operating & Maintenance Expenses

SUBTOTAL

Taxes and Insurance

Real Estate Taxes

Payroll Taxes (FICA)

Miscellaneous Taxes, Licenses and Permits

Property and Liability Insurance (Hazard)

Fidelity Bond Insurance

Workmen's Compensation

Health Insurance and Other Employee Benefits

Other Insurance:

SUBTOTAL

Supportive Service Expenses

Service Coordinator

Service Supplies

Tenant Association Funds

Other Expenses (specify):

SUBTOTAL

Reserves

Replacement Reserves

SUBTOTAL


15,000

33,500

3,000

6,000

5,000

69,500

62,595

5,000

15,500

5,000

5,060

93,155

0

18,000

18,000


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TOTAL OPERATING EXPENSES

ADJUSTED TOTAL OPERATING EXPENSES(Does not include taxes, reserves and resident support services) *

TOTAL UNITS

(from total units in the Unit Mix section)

PER UNIT PER YEAR


306,315

225,720

72

3,135


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2. "Total Operating Expenses" comes from 1st-year cash flow, then it is escalated by 4% per year.3. "Debt Service" is the sum of "regular/amortized loan debt service + non-amortizing annual service" as entered by user from

Funding Sources section.4. "Net Cash Flow" is "Net Rental/Other Income" minus "Total Operating Expenses" minus "Debt Service".5. "Debt Coverage Ratio" is ("Net Rental/Other Income" minus "Total Operating Expenses") divided by "Debt Service".



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inimum Set-Asides

NIMUM REQUIRED SET ASIDES (No Points Awarded):

Select one of the following two options:

20% of the units are rent restricted and occupied by households with incomes at or below 50% of the median income (Note: NCredit Eligible Units in the the project can exceed 50% of median income)

40% of the units are rent restricted and occupied by households with incomes at or below 60% of the median income (Note: NCredit Eligible Units in the the project can exceed 60% of median income)

If requesting RPP funds:40% of the units are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:High Income county:

At least twenty-five percent (25%) of qualified units will be affordable to households with incomes at or below thirty percent (30county median income.At least twenty-five percent (25%) of qualified units will be affordable to and occupied by households with incomes at or below percent (30%) of county median income.

At least fifty percent (50%) of qualified units will be affordable to households with incomes at or below forty percent (40%) of comedian income.At least fifty percent (50%) of qualified units will be affordable to and occupied by households with incomes at or below forty pe(40%) of county median income.

Tax Exempt BondsThreshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty per(50%) of county median income.At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.

Eligible for targeting points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fiftypercent (50%) of county median income.

At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.



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ull Application Checklist

PLEASE indicate which of the following exhibits are attached to your application. Others may be required as noted.

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners (signed copies)

C Ownership Entity Agreement, Development Agreement or any other agreements governing development services

D Management Agent Agreement

E Owner and Management Experience & Management Questionnaire (Appendix C)

F Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Mapshowing all flood zones (original on letterhead, no fax or photocopies)

G Local Government Letter Confirming Zoning including any pending notices or hearings (original on letterhead, no fax orphotocopies)

H Letters from Local Utility Providers regarding availability and capacity (original on letterhead, no fax or photocopies)

I Documentation from utility company or local PHA to support estimated utility costs

J Appraisal (required for land costs greater than $15,000 and for all Adaptive Re-use and Rehab projects)

K Site plan, floor plans and elevations for all projects. Scope of work for Adaptive Re-use and Rehab projects. (Full Size, 24inches)

L Hazard and structural inspection and termite reports (Adaptive Re-use and Rehab projects only)

M Copy of certificate of occupancy or proof of placed-in-service date (Rehabs Only)

N Proposed Relocation Plan including relocation budget and copies of notices. Required for all Rehabs and any projectsinvolving existing occupants of any dwell ings to be rehabbed or demolished.

O Evidence of Permanent Loan Commitment and other sources of funds ( i.e. Equity letter, AHP, RD and local governmentfunds). For Rehabs with existing loans provide 1) copies of loan documents, 2) current loan balances from existing lenderreserve balances, 3) letter from lender that outlines assumption requirements.

P Local Housing Authority Agreement and Project Based Rental Assistance Letter, if applicable (Sample letters provided inAppendix I). For projects with existing PBRA contracts, provide a copy of the current contract and bank statement or otherdocumentation verifying reserve balances and annual reserve contribution requirements.

Q Statement regarding terms of Deferred Developer Fee. If a nonprofit is involved, a resolution from their board approvingdeferral of fee is required.

R Inducement Resolution (Tax-Exempt Bond Financed Projects only)

gables ph ii app

Documents