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2010 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

9% Competitive Credits
Applications Must Be Received At VHDA No Later Than 2:00
PM Richmond, VA Time On March 12, 2010

Tax Exempt Bonds


Applications should be received at VHDA at least one month
before the bonds are priced (if bonds issued by VHDA), or
75 days before the bonds are issued (if bonds are not issued
by VHDA)

Virginia Housing Development Authority


601 South Belvidere Street
Richmond, Virginia 23220-6500

31.09
Low Income Housing Tax Credit Application for Reservation

Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance in
organizing the submission in the following order, and actually using tabs to mark them as shown, will facilitate review of your
application. Please note that all mandatory items must be included for the application to be processed. The inclusion of other items
may increase the number of points for which you are eligible under VHDA's point system of ranking applications, and may assist
VHDA in its determination of the appropriate amount of credits that it may reserve for the development.

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)


Scanned Copy of the Signed Tax Credit Application with Attachments (excluding market study and plans & specs) (MANDATOR
Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)
Electronic Copy of the Plans (MANDATORY)
Electronic Copy of the Specifications (MANDATORY)
Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)
$750 Application Fee (MANDATORY)
Tab A: Documentation of Development Location:
A.1 Qualified Census Tract Certification
A.2 Revitalization Area Certification
Location Map
Surveyor's Certification of Proximity To Public Transportation
Tab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATORY
Tab C: Virginia State Corporation Commission Certification (MANDATORY)
Tab D: Principal's Previous Participation Certification and Resumé (MANDATORY)
Tab E: Nonprofit Questionnaire (MANDATORY for points or pool)
The following documents need not be submitted unless requested by VHDA:
-Nonprofit Articles of Incorporation -IRS Documentation of Nonprofit Status
-Joint Venture Agreement (if applicable) -For-profit Consulting Agreement (if applicable)
Tab F: Architect's Certification (MANDATORY)
Tab H: PHA / Section 8 Notification Letter
Tab I: Local CEO Letter
Tab J: Homeownership Plan
Tab K: Site Control Documentation & Most Recent Real Estate Tax Assessment (MANDATORY)
Tab L: Plan of Development Certification Letter
Tab M: Zoning Certification Letter
Tab N: Copies of 8609s To Certify Developer Experience
Tab O: (Reserved)
Tab P: Plans and Specifications and Work Write-Up (MANDATORY)
Tab Q: Documentation of Rental Assistance
Tab R: Documentation of Operating Budget
Tab S: Documentation of Project Budget
Tab T: Documentation of Financing Sources
Tab U:
Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population
Documentation of site location in an urban development area as defined in §15.2-2223.1of the Code of Virginia
Documentation of the development participating in a locally adopted affordable housing dwelling unit program area as
described in either §15.2-2304 or §15.2-2305 of the Code of Virginia
Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal
Tab W: Attorney's Opinion (MANDATORY)
Tab X: (Reserved)
Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504

v12.31.09 Submission Checklist


Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2010-C-08


I. General Information
All code "Section" references are to, and the term "IRC" shall be deemed to mean, March 12, 2010
the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:


1. Name of Development Suburbia Fairfax
2. Address of Development 10730 West Drive
(Street)
Fairfax VA 22030
(City) (State) (Zip Code)

3. If complete address is not available, provide longitude and latitude coordinates (x,y) from
location on site your surveyor deems appropriate.
Documentation from surveyor attached (TAB A) (Only necessary if street address or street intersections are not available.
(Coordinates should be the same as those listed on pg 13, if applicable)
4. The Circuit Court Clerk's office in which the deed to the property is or will be recorded:
City/County of Fairfax City (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? Yes No
If yes, what other City/County is the site located in besides the one mentioned above?
6. Census Tract the development is located in: 3004
Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)
7. Is the development located in a Difficult Development Area? No
8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)
9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)
Note to #9: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in
this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or
rehabilitation or obtain a waiver of this requirement from VHDA prior to application submission to receive these points
rehabilitation, points.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. Yes n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. Yes n/a
10. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? Yes No

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

14. Congressional District 11 http://dlsgis.state.va.us/congress/2001PDFs/chap7Tab.pdf


Planning District 8 http://www.vapdc.org/aboutpdcs.htm#PDC%20Map
State Senate District 34 http://dlsgis.state.va.us/senate/2001PDFs/Chap2Tab.pdf

State House District 37 http://dlsgis.state.va.us/House/2001HousePDFs/Chap1Tab.pdf

15. Location Map Attached (TAB A)

B. Project Description:
In the space provided below, give a brief description of the proposed project.
Suburbia Fairfax is a garden‐style apartment complex in Fairfax, VA consisting of 54 one‐ and two‐bedroom apartments. To avoid seeing another 
affordable housing property converted into market‐rate housing, CPDC formed a subsidiary nonprofit to acquire the property in 1996 under the Low‐
income housing Preservation and Resident Homeownership Act (LIHPRHA). 

Thirty‐nine total units are set aside for persons with 50 percent area median income or lower, which includes 10 units of project‐based Section 8 rental 
assistance. The property contains two buildings with brick exteriors and concrete balconies. Due to superior property management, the property is well‐
maintained but in need of renovation due to its age. 

A seasoned nonprofit developer, Community Housing, Inc. is applying for tax credits to renovate the property. Highlights of the scope of work include: 
conversion of two 1‐bedroom units into 2‐bedroom units; individually metered utilities; replacement of lighting fixtures and appliances with Energy‐Star 
models; replacement of plumbing fixtures with efficient low‐flow fixtures; construction of a free‐standing community space and rental office; and a new 
roof. 

v12.31.09 Page 1
Low Income Housing Tax Credit Application For Reservation

C. Reservation Request

1. Total annual credit amount request (Must be the same as Part IX-D8) $317,960
Check credit amount, p
2. Credits requested from:
9% Credits
Nonprofit Set-Aside (All nonprofit owned developments which meet tests
described in Part II-D hereof may select this)
Local Housing Authorities Richmond MSA Pool
Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool
Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geographi
Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)

Tax Exempt Bonds


new construction, or
rehabilitation, or
acquisition and rehabilitation.

Federal Subsidies
The development will not receive federal subsidies.

This development will receive federal subsidies for:


all buildings or

some buildings.

D. Type(s) of Allocation/Allocation Year

1. Regular Allocation
All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of 2008 credits for new construction, or
rehabilitation, or
acquisition and rehabilitation.

2. Carryforward Allocation
All of the buildings in the development are expected to be placed
in service within two years after the end of this calendar year, 2009, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a carryforward allocation of 2009 credits pursuant to Section 42(h)(1)(E) for:
new construction, or
rehabilitation, or
acquisition and rehabilitation (even if you acquired a building this year and
"placed it in service" for the purpose of the acquisition credit, you cannot receive
the 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 2010 or 2011).

3. Federal Subsidies
The development will not receive federal subsidies.
This development will receive federal subsidies for:
all buildings or
some buildings.
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Low-Income Housing Tax Credit Application For Reservation

E. Acquisition Credit Information


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

Ten-Year Rule For Acquisition Credits


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

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

Different circumstances for different buildings: Attach a separate sheet and explain for each building.

F. Rehabilitation Credit Information

NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go
on to Section II. No Rehabilitation

Minimum Expenditure Requirements


All buildings in the development satisfy the rehab costs per unit requirement of IRC
Section 42(e)(3)(A)(ii).
All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the
10% basis requirement (4% credit only).
All buildings in the development qualify for the IRC Section 42(f)(5)(B)(ii)(II) exception.
Different circumstances for different buildings. Attach a separate sheet and
explain for each building.

G. Request For Exception


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

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

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

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

II. OWNERSHIP INFORMATION

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

Must be an individual or legally formed entity

A. Owner Information:
Name Suburbia Fairfax Development LLC
Contact Person First: Paul Middle: P. Last: Browne
Address 5513 Connecticut Ave NW, Suite 250
(Street)
Washington DC 20015
(City) (State) (Zip Code)

Federal I. D. No. 27-2014393 (If not available, obtain prior to Allocation)


Phone 202-885-9567 Fax 202-895-8805 Email address pbrowne@cpdc.org
Type of entity: Limited Partnership Other Limited Liability Company
Individual(s) Corporation
Owner's organizational documents (e.g. Partnership agreements & ownership structure chart) attached (Mandatory TAB B)
Certification from Virginia State Corporation Commission attached (Mandatory TAB C)

Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):
Names ** Phone Type Ownership % Ownership
CPDC Suburbia Fairfax LLC 202-895-8900 Managing
g g Member 0.01%
Community Housing, Inc. 202-895-8900 Interim Member 99.99%
J. Michael Pitchford, President & CEO 202-895-8900 n/a 0.00%
Paul P. Browne, Vice President 202-895-8900 n/a 0.00%
0.00%
0.00%
0.00%
This should be 100% of the GP or managing member interest: 100.00%
** These should be the names of individuals who comprise the GP or managing members, not simply the names of
separate partnerships or corporations which may comprise those components.

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

B. Seller Information:
Name Suburbia Fairfax Preservation Corporation Contact Person
J. Michael Pitchford
Address 5513 Connecticut Ave NW, Suite 250
Washington, DC 20015 Phone 202-895-8900

Is there an identity of interest between the seller and owner/applicant? Yes No


If yes, complete the following:
Principal(s) involved (e.g. general partners, controlling shareholders, etc.)
Names Phone Type Ownership % Ownership
Community Preservation and Dev. Corp 202-895-8900 Parent Corp. 100.00%
J. Michael Pitchford, President & CEO 202-895-8900 n/a 0.00%
Paul P. Browne, Vice President 202-895-8900 n/a 0.00%
0.00%

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Low-Income Housing Tax Credit Application For Reservation

C. Development Team Information:


Complete the following as applicable to your development team.

1. Tax Attorney: Jonathan Klein Related Entity? Yes No


Firm Name: Klein Hornig LLP
Address: 145 Tremont Street, Boston, MA 02111
Phone: (617) 224-0607 Fax: (617) 224-0601

2. Tax Accountant: Ed Ryan Related Entity? Yes No


Firm Name: Reznick Group
Address: 7700 Old Georgetown Road, Suite 400, Bethesda, MD 20814-6224
Phone: (301) 961-5534 Fax: (301) 652-1848

3. Consultant: Related Entity? Yes No


Firm Name: Role:
Address:
Phone: Fax:

4. Management Entity (Contact): Scott Jones Related Entity? Yes No


Firm Name: Edgewood Management Corporation
Address: 20316 Seneca Meadows Parkway, Germantown, MD 20876-7004
Phone: (301) 562-1600 Fax: (301) 562-1670

5. Contractor (Contact): John Kim Related Entity? Yes No


Firm Name: Harkins Builders
Address: 2201 Warwick Way, Mariottsville, MD 21104
Phone: (410) 480-4277 Fax: (410) 480-4290

6. Architect: Ted Cage Related Entity? Yes No


Firm Name: Wiencek + Associates Architects + Planners
Address: 1814 N St. NW, Washington, DC 20036
Phone: (202) 349-0742 Fax: (202) 349-0740

7. Real Estate Attorney: Jonathan Klein Related Entity? Yes No


Firm Name: Klein Hornig LLP
Address: 145 Tremont Street, Boston, MA 02111
Phone: (617) 224-0607 Fax: (617) 224-0601

8. Mortgage Banker: Related Entity? Yes No


Firm Name:
Address:
Phone: Fax:

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


Firm Name: Role:
Address:
Phone: Fax:

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Low-Income Housing Tax Credit Application For Reservation

D. Nonprofit Involvement:

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

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

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

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

1. Nonprofit Involvement (All Applicants)


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

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

4. Identity of Nonprofit (All nonprofit applicants)


The nonprofit organization involved in this development is:
the Owner
the Applicant (if different from Owner)
Other
Community Housing, Inc.
(Name of nonprofit)
Paul P. Browne 5513 Connecticut Ave NW, Suite 250
(Contact Person) (Street Address)
Washington DC 20009
(City) (State) (Zip code)
202-895-8900 202-895-8805
(Phone) (Fax)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)


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

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

III. DEVELOPMENT INFORMATION

A. Structure and Units:


1. Total number of all units in development 54
Total number of rental units in development 54 bedrooms 98
Number of low-income rental units 39 bedrooms 71
Percentage of rental units designated low-income 72.22%

2. The development's structural features are (check all that apply):

Row House/Townhouse Detached Single-family


Garden Apartments Detached Two-family
Slab on Grade Basement
Crawl space Age of Structure: 39
Elevator Number of stories: 3
3. Number of new units 0 bedrooms 0
Number of adaptive reuse units 0 bedrooms 0
Number of rehab units 54 bedrooms 98
4. Total Floor Area For The Entire Development 54,762.11 (Sq. ft.)

5. Unheated Floor Area (Breezeways, Balconies, Storage) 7,650.29 (Sq. ft.)


6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)
(Not eligible for funding)
7. Total Usable Residential Heated Area 47,111.82 (Sq. ft.)

8. Number of Buildings (containing rental units) 2

9. Commercial Area Intended Use: n/a

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

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


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

11. a. Total Net Rental Square Feet 41,589.03


b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 0.54%

B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: 1,500 sf community space (proposed), tot lot

Exterior Finish: brick


Heating/AC System: Individually-metered gas heat, and individual AC units (proposed)
Architectural Style: 1970s-style garden apartments

v12.31.09 Page 7
Low-Income Housing Tax Credit Application For Reservation
C. Amenities:
1. Specify the average size per unit type: (Including pro rata share of heated common area)
Assisted Lvg 0.00 SF 1Bdrm Eld 0.00 SF 3-Bdrm Gar 0.00 SF
1-Sty-Eff-Eld 0.00 SF 2Bdrm Eld 0.00 SF 4-Bdrm Gar 0.00 SF
1-Sty 1BR-Eld 0.00 SF Eff-Gar 0.00 SF 2+Sty 2BR TH 0.00 SF
1-Sty 2BR-Eld 0.00 SF 1-Bdrm Gar 708.52 SF 2+Sty 3BR TH 0.00 SF
Eff-Eld 0.00 SF 2-Bdrm Gar 909.70 SF 2+Sty 4BR TH 0.00 SF

2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
47,111.82 Documentation attached (TAB F) Mandatory
(Sq. ft.)

NOTE: All developments must meet VHDA's Minimum Design and Construction Requirements.
By signing and submitting the Application For Reservation of Low Income Housing Tax Credits the
applicant certifies that the proposed project budget, plans & specifications and work write-ups incorporate
all necessary elements to fulfill these requirements.

3. Check the following items which apply to the proposed project:


Documentation attached (TAB F Architect Certification) Mandatory

For any project, upon completion of construction/rehabilitation: (Optional Point items)


0% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms
0% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms
b. A community/meeting room with a minimum of 749 square feet is provided
100% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)
d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements
e. All windows meet the EPA's Energy Star qualified program requirements
f. Every unit in the development is heated and cooled with either (i) heat pump equipment with both a
SEER rating of 15.0 or more and a HSPF rating of 8.5 or more , or (ii) air conditioning equipment
with a SEER rating of 15.0 or more, combined with gas furnaces with an AFUE rating of 90% or
more
g. Water expense is sub-metered (the tenant will pay monthly or bi-monthly bill)
h. Each bathroom consists only of low-flow faucets (2.2 gpm max.) and showerheads (2.5gpm max.)
i. Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice.
j. All water heaters meet the EPA's Energy Star qualified program requirements.

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

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


Percent of Expected Load Offset By Solar Electric System: 0.00%

v12.31.09 Page 8
Low Income Housing Tax Credit Application For Reservation

For all projects exclusively serving elderly and/or handicapped tenants, upon completion
of construction/rehabilitation: (Optional Point items)

a. All cooking ranges will have front controls


b. All units will have an emergency call system
c. All bathrooms will have an independent or supplemental heat source
d. All entrance doors have two eye viewers, one at 48" and the other at standard height

For all rehabilitation and adaptive reuse projects, upon completion of construction or
or rehabilitation: (Optional Point items)

The structure is listed individually in the National Register of Historic Places or is


located in a registered historic district and certified by the Secretary of the Interior as
being of historical significance to the district, and the rehabilitation will be completed
in such a manner as to be eligible for historic rehabilitation tax credits

Accessibility

Check one or none of the following point categories, as appropriate:

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

For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD’s Housing Choice
Voucher (“HCV”) payment standard; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 of
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impairments, including HCV holders, in
accordance with a plan submitted as part the Application.

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

Earthcraft or LEED Development Certification


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

Universal Design - Units Meeting Universal Design Standards


a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.
Yes No If Yes, attach appropriate documentation at TAB F
b. Number of Rental Units constructed to meet VHDA's Universal Design standards:
6 Units 11%

VHDA Certified Property Management Agent


Owner agrees to use a VHDA Certified Property Management Agent to manage the property.
Yes No

Yes No N/A The market-rate units' amenities are substantially equivalent to those of the
low-income units. If no, explain differences:

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

IV. TENANT INFORMATION

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


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

Units Provided Per Household Type:


Income Levels Rent Levels
# of Units % of Units # of Units % of Units
0 0.00% 40% Area Median 0 0.00% 40% Area Median
39 72.22% 50% Area Median 39 72.22% 50% Area Median
0 0.00% 60% Area Median 0 0.00% 60% Area Median
15 27.78% Non-LMI Units 15 27.78% Non-LMI Units
54 100.00% Total 54 100.00% Total

B. Special Housing Needs/Leasing Preference:

1. If 100% of the low-income units will be occupied by either or both of the following special needs
groups as defined by the United States Fair Housing Act, so indicate:
Yes Elderly (age 55 or above)
Yes Physically or mentally disabled persons (must meet the requirements of the federal
Americans with Disabilities Act)
2. Specify the number of low-income units that will serve individuals and families with children by
providing three or more bedrooms: 0 Number of units 0% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or physical
displacement on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation
Guidelines for LIHTC properties.

4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8
waiting list, so indicate:
Yes
No
Locality has no such waiting list; If yes, provide the following information:

Organization which holds such waiting list: Fairfax County Redevelopment and Housing Authority
Contact person (Name and Title) Carol Erhard, Director, Housing Choice Voucher Program
Phone Number 703-246-5217 Required documentation attached (TAB H)

5. If leasing preference will be given to individuals and families with children.


(Less than or equal to 20% of the units must have 1 or less bedrooms).
Yes
No

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Low-Income Housing Tax Credit Application For Reservation

V. LOCAL NEEDS AND SUPPORT

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

A. Provide the name and the address of the chief executive officer (City Manager, Town Manager, or
County Administrator) of the political jurisdiction in which the development will be located:
Chief Executive Officer's Name Bob Sisson
Chief Executive Officer's Title City Manager
Street Address 10455 Armstrong St, Room 316 Phone 703-385-7850
City Fairfax State VA Zip 22030

Name and title of local official you have discussed this project with who could answer questions for the
local CEO: Jason Sutphin, Planner

If the property overlaps another jurisdiction please fill in the following:


Chief Executive Officer's Name
Chief Executive Officer's Title
Street Address Phone
City State Zip

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

B. Project Schedule

ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract March 1, 2010 Paul Browne
Site Acquisition November 1, 2010 Paul Browne
Zoning Approval N/A N/A
Site Plan Approval N/A N/A
Financing
A. Construction Loan
Loan Application August 1, 2010 Paul Browne
Conditional Commitment September 15, 2010 Paul Browne
Firm Commitment October 15, 2010 Paul Browne
B. Permanent Loan - First Lien
Loan Application August 1, 2010 Paul Browne
Conditional Commitment September 15, 2010 Paul Browne
Firm Commitment October 15, 2010 Paul Browne
C. Permanent Loan-Second Lien
Loan Application N/A N/A
Conditional Commitment N/A N/A
Firm Commitment N/A N/A
D. Other Loans & Grants
Type & Source, List
Application N/A N/A
Award/Commitment N/A N/A
Formation of Owner February 15, 2010 Paul Browne
IRS Approval of Nonprofit Status - -
Closing and Transfer of Property to Owner November 1, 2010 Paul Browne
Plans and Specifications, Working Drawings September 1, 2010 Paul Browne
Building Permit Issued by Local Government October 15, 2010 Paul Browne
Start Construction November 15, 2010 Paul Browne
Begin Lease-up November 15, 2010 Paul Browne
Complete Construction December 31, 2011 Paul Browne
Complete Lease-Up March 1, 2012 Paul Browne
Credit Placed in Service Date March 1, 2012 Paul Browne

v12.31.09 Page 11
Low-Income Housing Tax Credit Application For Reservation

VI. SITE CONTROL

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

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

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

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

A. Type of Site Control by Owner:

Applicant controls site by (select one and attach document - Mandatory TAB K)
Deed - attached
Long-term Lease - attached (expiration date: )
Option - attached (expiration date: )
Purchase Contract - attached (expiration date: 12/19/10 )

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

Most recent property tax assessment - Mandatory TAB K

B. Timing of Acquisition by Owner:


Select one:

Owner already controls site by either deed or long-term lease or

Owner is to acquire property by deed (or lease for period no shorter than period property
will be subject to occupancy restrictions) no later than 12/18/10

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

C. Market Study Data:

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

Project Wide Capture Rate - LIHTC Units 2.20%


Project Wide Capture Rate - Market Units 2.20%
Project Wide Capture Rate - All Units 2.20%
Project Wide Absorption Period (Months) 1 to 3

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

C. Site Description

1. Exact area of site in acres 3.100

2. Has locality approved a final site plan or plan of development?


Yes No
Required documentation form attached (TAB L)

3. Is site properly zoned for the proposed development?


Yes No
Required documentation form attached (TAB M)

4. Will the proposal seek to qualify for points associated with proximity to public transportation?
Yes No
Required documentation form attached (TAB A)

D. Plans and Specifications

Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)

1. A location map with property clearly defined.


2. Sketch plan of the site showing overall dimensions of main building(s), major site elements
(e.g., parking lots and location of existing utilities, and water, sewer, electric,
gas in the streets adjacent to the site). Contour lines and elevations are not required.
3. Sketch plans of main building(s) reflecting overall dimensions of:
a. Typical floor plan(s) showing apartment types and placement
b Ground floor plan(s) showing common areas;
b.
c. Sketch floor plan(s) of typical dwelling unit(s);
d. Typical wall section(s) showing footing, foundation, wall and floor structure.
Notes must indicate basic materials in structure, floor and exterior finish.
4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.

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

VII. OPERATING BUDGET

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

Section 8 New Construction Substantial Rehabilitation


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

3. Number of units receiving assistance: 10


Number of years in rental assistance contract: 1
Expiration date of contract: 02/01/11
Contract or other agreement attached (TAB Q)

B. Utilities
1. Monthly Utility Allowance Calculations

Utilities Type of Utility Utilities Enter Allowances by Bedroom Size


(Gas, Electric, Oil, etc.) Paid by: 0-bdr 1-bdr 2-bdr 3-bdr 4-br
Heating Natural Gas Owner X Tenant 0 25 28 0 0
g
Air Conditioning Electric Owner X Tenant 0 6 10 0 0
Cooking Natural Gas Owner X Tenant 0 7 9 0 0
Lighting Other Electric Owner X Tenant 0 33 42 0 0
Hot Water Natural Gas Monthly Fee Owner X Tenant 0 11 11 0 0
Water X Owner Tenant 0 0 0 0 0
Sewer X Owner Tenant 0 0 0 0 0
Trash X Owner Tenant 0 0 0 0 0
Total utility allowance for costs paid by tenant $0 $82 $100 $0 $0

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


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

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

C. Revenue
1. Indicate the estimated monthly income for the Low-Income Units: **
Total Number of Total Monthly
Unit Type Tax Credit Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 7 $5,750
2 Bedroom Units 32 $29,750
3 Bedroom Units 0 $0
4 Bedroom Units 0 $0
Total Number of Tax Credit Units 39

Plus Other Income Source (list): Laundry, Utility/Cable TV $833


Equals Total Monthly Income: $36,333
Twelve Months x12
Equals Annual Gross Potential Income $436,000
Less Vacancy Allowance ( 7.0% ) $30,520
Equals Annual Effective Gross Income (EGI) - Low Income Units $405,480

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

2. Indicate the estimated monthly income for the Market Rate Units: **
Total Number of Total Monthly
Unit Type Market Units Rental Income
Efficiency Units 0 $0
1 Bedroom Units 3 $2,400
2 Bedroom Units 12 $11,100
3 Bedroom Units 0 $0
4 Bedroom Units 0 $0
Total Number of Market Units 15

Plus Other Income Source (list): $0


Equals Total Monthly Income: $13,500
Twelve Months x12
Equals Annual Gross Potential Income $162,000
Less Vacancy Allowance ( 7.0% ) $11,340
Equals Annual Effective Gross Income (EGI) - Market Rate Units $150,660

Documentation in Support of Operating Budget attached (TAB R)

List number of units by type: TOTAL UNITS

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


0 0 0 0 0 10

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


44 0 0 0 0 0

1 STY-EFF-ELD 1 STY-1 BR-ELD 1 STY-2 BR-ELD Note: Please be sure to enter the number of units in the
0 0 0 appropriate unit category. If not, you will find an error on
the scoresheet at 5a, 6a & 6b.
List number of units by type: TAX CREDIT UNITS
ASSISTED LVG EFF-ELD 1 BD RM-ELD 2 BD RM-ELD EFF-GAR 1 BD RM-GAR
0 0 0 0 0 7

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


32 0 0 0 0 0

1 Story-EFF-ELD 1 Story-1 BR-ELD 1 Story-2 BR-ELD


0 0 0

Efficiency Units
Unit Type / Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

Efficiency - 40% 0 0.00 $ - $ -


Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
v12.31.09 Page 15
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -
Efficiency - 40% 0 0.00 $ - $ -

Efficiency - 50% 0 0.00 $ - $ -


Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -
Efficiency - 50% 0 0.00 $ - $ -

Efficiency - 60% 0 0.00 $ - $ -


Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
y - 60%
Efficiency 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Efficiency - 60% 0 0.00 $ - $ -
Total Efficiency Total Monthly Eff.
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -

Efficiency - Market 0 0.00 $ - $ -


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

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

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

1 BR - 40% 0 0.00 $ - $ -
v12.31.09 Page 15
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -
1 BR - 40% 0 0.00 $ - $ -

1 BR - 50% 1 616.93 $ 800 $ 800


1 BR - 50% 6 616.93 $ 825 $ 4,950
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -
1 BR - 50% 0 0.00 $ - $ -

1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
1 BR - 60% 0 0.00 $ - $ -
Total 1-BR Total Monthly 1-BR
Tax Credit Units: 7 4,318.51 Tax Credit Rent: $ 5,750

1 BR - Market 3 616.93 $ 800 $ 2,400


1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
1 BR - Market 0 0.00 $ - $ -
Total 1-BR
Market Units: 3 1,850.79 Total Monthly
1-BR Market Rent: $ 2,400

Total 1-BR Units: 10 Total 1-BR Rent $ 8,150

v12.31.09 Page 15
2-Bedroom Units
Net Rentable Monthly Rent Total
Rent Targeting Number Units Square Feet Per Unit Monthly Rent

2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -
2 BR - 40% 0 0.00 $ - $ -

2 BR - 50% 26 804.33 $ 925 $ 24,050


2 BR - 50% 4 804.33 $ 950 $ 3,800
2 BR - 50% 2 818.94 $ 950 $ 1,900
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -
2 BR - 50% 0 0.00 $ - $ -

2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
2 BR - 60% 0 0.00 $ - $ -
Total 2-BR Total Monthly 2-BR
Tax Credit Units: 32 25,767.77 Tax Credit Rent: $ 29,750

2 BR - Market 12 804.33 $ 925 $ 11,100


2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
2 BR - Market 0 0.00 $ - $ -
v12.31.09 2 BR - Market 0 0.00 $ - $ - Page 15
Total 2-BR
Market Units: 12 9,651.96 Total Monthly
2-BR Market Rent: $ 11,100

Total 2-BR Units: 44 Total 2-BR Rent $ 40,850

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

3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -
3 BR - 40% 0 0.00 $ - $ -

3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -
3 BR - 50% 0 0.00 $ - $ -

3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
3 BR - 60% 0 0.00 $ - $ -
Total 3-BR Total Monthly 3-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -

3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
v12.31.09 Page 15
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
3 BR - Market 0 0.00 $ - $ -
Total 3-BR
Market Units: 0 0.00 Total Monthly
3-BR Market Rent: $ -

Total 3-BR Units: 0 Total 3-BR Rent $ -

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

4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -
4 BR - 40% 0 0.00 $ - $ -

4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -
4 BR - 50% 0 0.00 $ - $ -

4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
4 BR - 60% 0 0.00 $ - $ -
Total 4-BR Total Monthly 4-BR
Tax Credit Units: 0 0.00 Tax Credit Rent: $ -
v12.31.09 Page 15
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
4 BR - Market 0 0.00 $ - $ -
Total 4-BR
Market Units: 0 0.00 Total Monthly
4-BR Market Rent: $ -

Total 4-BR Units: 0 Total 4-BR Rent $ -

Total Units 54 Net Rentable SF: TC Units 30,086.28


MKT Units 11,502.75
Total NR SF: 41,589.03

Floor Space Fraction 72.3419%

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

D. Operating Expenses
Administrative:
1. Advertising/Marketing -
2. Office Salaries $10,210
3. Office Supplies $900
4. Office/Model Apartment (type______) $7,212
5. Management Fee $33,767
6.07% of EGI 625.3148148 Per Unit
6. Manager Salaries -
7. Staff Unit (s) (type______) $7,212
8. Legal $2,400
9. Auditing $9,850
10. Bookkeeping/Accounting Fees $5,784
11. Telephone & Answering Service $1,260
12. Tax Credit Monitoring Fee
13. Miscellaneous Administrative $4,876
Total Administrative $83,471
Utilities
14. Fuel Oil -
15. Electricity $9,000
16. Water $17,206
17. Gas $8,100
18. Sewer -
Total Utility $34,306
Operating:
19. Janitor/Cleaning Payroll $24,198
20. Janitor/Cleaning Supplies $3,216
21. Janitor/Cleaning Contract
22. Exterminating $1,702
23. Trash Removal $4,020
24. Security Payroll/Contract -
25. Grounds Payroll -
26. Grounds Supplies $3,225
27. Grounds Contract -
28. Maintenance/Repairs Payroll $35,094
29. Repairs/Material $7,140
30. Repairs Contract $4,200
31. Elevator Maintenance/Contract -
32. Heating/Cooling Repairs & Maintenance $1,200
33. Pool Maintenance/Contract/Staff -
34. Snow Removal $760
35. Decorating/Payroll/Contract -
36. Decorating Supplies $4,140
37. Miscellaneous
Operating & Maintenance Totals $88,895
Taxes & Insurance
38. Real Estate Taxes $50,000
39. Payroll Taxes $5,748
40. Miscellaneous Taxes/Licenses/Permits $1,475
41. Property & Liability Insurance $15,000
42. Fidelity Bond -
43. Workman's Compensation $2,460
44. Health Insurance & Employee Benefits $12,876
45. Other Insurance
Total Taxes & Insurance $87,559
6544
Total Operating Expense $294,231

D1. Total Oper. Ex. Per Unit $5,449 D2. Total Oper. Ex. As % EGI (from E3) 52.91%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $21,600

Total Expenses $315,831

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

E. Cash Flow (First Year)


1. Annual EGI Low-Income Units from (C1) $405,480
2. Annual EGI Market Units (from C2) + $150,660
3. Total Effective Gross Income = $556,140
4. Total Expenses (from D) $315,831
5. Net Operating Income = $240,309
6. Total Annual Debt Service (from Page 21 B2) - $208,479
7. Cash Flow Available for Distribution = $31,830

F. Projections for Financial Feasibility - 15 Year Projections of Cash Flow

Stabilized
Year 1 Year 2 Year 3 Year 4 Year 5
Eff. Gross Income 556,140 567,263 578,608 590,180 601,984
Less Oper. Expenses 315,831 325,306 335,065 345,117 355,471
Net Income 240,309 241,957 243,543 245,063 246,513
Less Debt Service 208,479 208,479 208,479 208,479 208,479
Cash Flow 31,830 33,478 35,064 36,584 38,034
Debt Coverage Ratio 1.15 1.16 1.17 1.18 1.18

Year 6 Year 7 Year 8 Year 9 Year 10


Eff. Gross Income 614,023 626,304 638,830 651,607 664,639
Less Oper. Expenses 366,135 377,119 388,432 400,085 412,088
Net Income 247,889 249,185 250,398 251,521 252,551
Less Debt Service 208,479 208,479 208,479 208,479 208,479
Cash Flow 39,410 40,706 41,919 43,042 44,072
Debt Coverage Ratio 1.19 1.20 1.20 1.21 1.21

Year 11 Year 12 Year 13 Year 14 Year 15


Eff. Gross Income 677,932 691,490 705,320 719,426 733,815
Less Oper. Expenses 424,450 437,184 450,299 463,808 477,723
Net Income 253,481 254,306 255,021 255,618 256,092
Less Debt Service 208,479 208,479 208,479 208,479 208,479
Cash Flow 45,002 45,827 46,541 47,139 47,613
Debt Coverage Ratio 1.22 1.22 1.22 1.23 1.23
Estimated Annual Percentage Increase in Revenue 2.00% (Must be < 2%)
Estimated Annual Percentage Increase in Expenses 3.00% (Must be > 3%)

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

VIII. PROJECT BUDGET

A. Cost/Basis/Maximum Allowable Credit


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

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

Amount of Cost up to 100% Includable in


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

A. Off-Site Improvements 0 0 0 0
B. Site Work 0 0 0 0
C. Geothermal System 0 0 0 0
D. Unit Structures (New) 0 0 0 0
E. Unit Structures (Rehab) 2,332,021 0 0 2,301,652
F.
F Solar
S l Electric
El i System
S 0 0
G. Asbestos Removal 0 0 0 0
H. Demolition 0 0 0 0
I. Commercial Space Costs 0 0 0 0
J. Structured Parking Garage 0 0 0 0
K. Subtotal A: (Sum 1A..1J) 2,332,021 0 0 2,301,652
L. General Requirements 150,309 0 0 150,309
M. Builder's Overhead 50,288 0 0 50,288
( 2.2% Contract)
N. Builder's Profit 125,719 0 0 125,719
( 5.4% Contract)
O. Bonding Fee 32,045 0 0 32,045
P. Other 0 0
Q. Contractor Cost
Subtotal (Sum 1K..1P) $2,690,382 $0 $0 $2,660,013

2. Owner Costs
A. Building Permit 25,000 0 0 25,000
B. Arch./Engin. Design Fee 107,615 0 0 107,615
( 1,993 /Unit)
C. Arch. Supervision Fee 53,808 0 0 53,808
( 996 /Unit)
D. Tap Fees 0 0 0 0
E. Soil Borings 0 0 0 0

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

Amount of Cost up to 100% Includable in


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

F. Construction Loan 37,270 0 0 1,864


Origination Fee
G. Construction Interest 74,234 0 0 12,423
( 0.0% for 0 months)
H. Taxes During Construction 35,000 0 0 0
I. Insurance During Construction 50,000 0 0 0
J. Cost Certification Fee 20,000 0 0 20,000
K. Title and Recording 10,037 0 0 3,011
L. Legal Fees for Closing 160,000 0 0 80,000
M. Permanent Loan Fee 37,270 0 0 0
( 1.5% )
N. Other Permanent Loan Fees 0 0 0 0
O. Credit Enhancement 0 0 0 0
P. Mortgage Banker 0 0 0 0
Q. Environmental Study 15,000 0 0 15,000
R. Structural/Mechanical Study 0 0 0 0
S. Appraisal Fee 10,000 0 0 10,000
T. Market Study 15,000 0 0 15,000
U. Operating Reserve 0 0 0 0
V. Tax Credit Fee 23,007 0 0 0
W.
W OTHER $1,273,052
$1 273 052 $0 $0 $659,808
$659 808
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A..2W) $1,946,294 $0 $0 $1,003,529

Subtotal 1 + 2 $4,636,676 $0 $0 $3,663,541


(Owner + Contractor Costs)

3. Developer's Fees 915,885 0 0 915,885

4. Owner's Acquisition Costs


Land 2,147,865
Existing Improvements 920,514 920,514
Subtotal 4: $3,068,379 $920,514

5. Total Development Costs


Subtotal 1+2+3+4: $8,620,940 $920,514 $0 $4,579,426

If this application seeks rehab credits only, in which there is no acquisition and no change in ownership, enter the greater of
appraised value or tax assessment value here: $0 Land
(Attach documentation at Tab K) $0 Building

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

Amount of Cost up to 100% Includable in


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

Contingency Reserve 403,557 0 0 403,557


(Rehab or Adaptive Reuse only)
LIST ADDITIONAL ITEMS
Green Building 25,000 0 0 25,000
Other Professional Services 25,000 0 0 25,000
FF+E 25,000 0 0 25,000
Marketing 25,000 0 0
Other Financing Costs 59,998 0 0 44,100
0 0 0
Rent Increase Phase-In Reserve 264,608 0 0 0
Relocation 108,000 0 0 108,000
Other Carrying Costs + Reserves 228,116 0 0 0
Accounting 20,000 0 0 0
Organizational Costs 25,000 0 0 0
Soft Cost Contingency 63,774 0 0 29,151
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

Subtotal (Other Owner Costs) $1,273,052 $0 $0 $659,808

v12.31.09 Page 19A


Low-Income Housing Tax Credit Application For Reservation

Amount of Cost up to 100% Includable in


Eligible Basis--Use Applicable Column(s):
"30 % Present Value Credit"
(C) Rehab/ (D)
New "70 % Present
Item (A) Cost (B) Acquisition Construction Value Credit"
5. Total Development Costs
Subtotal 1+2+3+4 8,620,940 920,514 0 4,579,426

6. Reductions in Eligible Basis

Subtract the following:


A. Amount of federal grant(s) used to finance 0 0 30,369
qualifying development costs

B. Amount of nonqualified, nonrecourse financing 0 0 0

C. Costs of nonqualifying units of higher quality 0 0 0


(or excess portion thereof)

D. Historic Tax Credit (residential portion) 0 0 0

7. Total Eligible Basis (5 minus 6 above) 920,514 0 4,549,057

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


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

Total Adjusted Eligible basis 0 4,549,057

9. Applicable Fraction 72.2222% 72.2222% 72.2222%

10. Total Qualified Basis (Same as Part IX-C) 664,815 0 3,285,430


(Eligible Basis x Applicable Fraction)

11. Applicable Percentage 3.35% 0.00% 9.00%


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

12. Maximum Allowable Credit under IRC §42 $22,271 $0 $295,689


(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more than $317,960
credit amount requested) Combined 30% & 70% P. V. Credit

v12.31.09 Page 20
Low-Income Housing Tax Credit Application For Reservation

B. Sources of Funds

1. Construction Financing: List individually the sources of construction financing, including any such
loans financed through grant sources:

Date of Date of Amount of


Source of Funds Application Commitment Funds Name of Contact Person
1. Conventional Loan 06/01/10 $2,484,683 TBD
2. $0
3. $0

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

2. Permanent Financing: List individually the sources of all permanent financing in order of lien position:

Interest Amortization Term


Date of Date of Amount of Annual Debt Rate of Period of
Source of Funds Application Commitment Funds Service Cost Loan IN YEARS Loan (years)
1. Conventional Mortgage 06/01/10 $2,484,683 $208,479 7.50% 30 30
2. Seller Note n/a $3,490,000 $0 4.50% 30 30
3. $0 $0 0.00% 30 0
4. $0 $0 0.00% 1000 0
5. $0 $0 0.00% 1000 0
6.
6 $0 $0 0.00%
0 00% 1000 0

Totals: $5,974,683 $208,479

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

3. Grants: List all grants provided for the development:

Date of Date of Amount of


Source of Funds Application Commitment Funds Name of Contact Person
1. Renewable Energy Grant 12/31/11 $60,739
2. $0
3. $0
4. $0
5. $0
6. $0

Total Permanent Grants: $60,739


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

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

4. Portion of Syndication Proceeds Attributable to Historic Tax Credit


Amount of Federal historic credits $0 x Equity % $0.00 $0
Amount of Virginia historic credits $0 x Equity % $0.00 $0

6. Equity that Sponsor will Fund:


Cash Investment $0
Contributed Land/Building $0 Assessment Attached (TAB S)
Deferred Developer Fee $16,658
Other: $0
Equity Total $16,658
7. Total of All Sources (B2 + B3 + B4 + B5 + B6) $6,052,080
(not including syndication proceeds except for historic tax credits)

8. Total Development Cost $8,620,940


(From VIII-A5)

9. Less Total Sources of Funds (From B7 above) $6,052,080

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


proceeds (must equal IX-D3) $2,568,860

C. Syndication Information (If Applicable)

1. Actual or Anticipated Name of Syndicator To Be Determined


2. Contact Person Phone
3. Street Address
City State Zip

4. a. Total to be paid by anticipated users of credit (e.g., limited partners) $2,568,860


b. Equity Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.81
c. Percent of ownership entity (e.g., 99% or 99.9%) 99.99%
d. Net credit amount anticipated by user of credits $317,928
e. Syndication costs not included in VIII-A5 (e.g., advisory fees) $0

5. Net amount which will be used to pay for Total Development Cost (4a-4e)
as listed in Part VIII-A5 (same amount as Part IX-D3) $2,568,860

6. Amount of annual credit required for above amounts


(same amount as Part IX-D6) $317,960
7. Net Equity Factor [C5 / (C6 X 10)]
(same amount as Part IX-D4) Must be equal to or greater than 85% 80.79%

8. Syndication: Public or Private


9. Investors: Individual or Corporate

Weighted Average Credit Price Calculation


Exchange Component 40% $0.85 $0.34
Market Component 60% $0.78 $0.47
Weighted Average Credit Price: $0.81

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

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

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

Below-Market Loans Market-Rate Loans

Tax Exempt Bonds $0 Taxable Bonds $0


RD 515 $0 Section 220 $0
Section 221(d)(3) $0 Section 221(d)(3) $0
Section 312 $0 Section 221(d)(4) $0
Section 236 $0 Section 236 $0
VHDA SPARC/REACH $0 Section 223(f) $0
HOME Funds $0 Other: Conventional $2,484,683
Other: $0
Other: $0

Grants Grants
CDBG $0 State $0
UDAG $0 Local $0
Other: Renewable Ener $60,739

This means grants to the partnership. If you received a loan financed by a locality which received one of the
listed grants, please list it in the appropriate loan column as "other" and describe the applicable grant program
which funded it.

2. Subsidized Funding: list all sources of funding for points. Documentation Attached (TAB T)

Source of Funds Commitment date Funds


1. $0
2. $0
3. $0
4. $0
5. $0

3. Does any of your financing have any credit enhancement? Yes No


If yes, list which financing and describe the credit enhancement:

4. Other Subsidies Documentation Attached (TAB Q)


Section 8 Rent Supplement or Rental Assistance Payment
Tax Abatement
Other

5. Is HUD approval for transfer of physical asset required?


Yes No

E. For Transactions Using Tax-Exempt Bonds Seeking 4% Credits:


For purposes of the 50% Test, and based only on the data entered to this
application, the portion of the aggregate basis of buildings and land financed with
tax-exempt funds is: N/A

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

IX. ADDITIONAL INFORMATION

A. Extended Use Restriction

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

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

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

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

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

1. After the mandatory 15-year compliance period, a qualified nonprofit as identified in the
attached nonprofit questionnaire, or local housing authority will have the option to purchase
h right
or the i h off first
fi refusal
f l to acquire
i theh development
d l f a price
for i not to exceedd the
h outstanding
di
debt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancing
is approved by the nonprofit. Do not select if extended compliance is selected in IX.A above.
Option or Right of First Refusal in Recordable Form Attached (TAB V)
Enter name of qualified nonprofit: Community Housing, Inc.

2. A qualified nonprofit or local housing authority submits a homeownership plan committing to


sell the units in the development after the mandatory 15-year compliance period to tenants whose
incomes shall not exceed the applicable income limit at the time of their initial occupancy.
Do not select if extended compliance is selected in IX.A above.
Homeownership Plan Attached (TAB J)

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

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


OF Credit for Acquisition Credit for Construction 70% Present Value Credit
TAX MARKET
CREDIT RATE Actual or Actual or Actual or
UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated
Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit
ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount
1. 22 8 10726, 10728, and 10730 West Drive $375,024 05/15/12 3.35% 12,563 $0 0.00% 0 $1,853,319 05/15/12 9.00% 166,799
2. 17 7 10727 and 10731 West Drive $289,791 05/15/12 3.35% 9,708 $0 0.00% 0 $1,432,111 05/15/12 9.00% 128,890
3. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
4. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
5. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
6. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
7. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
8. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
9. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
10. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
11. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
12. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
13. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
14. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
15. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
16. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0
$664,815 $0 $3,285,430

$22,271 $0 $295,689
Qualified Basis Totals (must agree with VIII-A10)

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

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

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


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

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

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

v12.31.09 Page 25 (2)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


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

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

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


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

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

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


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

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

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

C. Building-by-Building Information Must Complete


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

NUMBER 30% Present Value 30% Present Value


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

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

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

v12.31.09 Page 25 (3)


Low-Income Housing Tax Credit Application For Reservation

F. Statement of Owner

The undersigned hereby acknowledges the following:

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

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

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

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

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

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

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

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

v12.31.09 Page 27
Low-Income Housing Tax Credit Application For Reservation

D. Determination of Reservation Amount Needed

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

1. Total Development Costs (from VIII-A5, Column A page 20) $8,620,940

2. Less Total Sources of Funds (from VIII-B7 page 22) $6,052,080

3. Equals Equity Gap $2,568,860

4. Divided by Net Equity Factor (VIII-C7 page 22) 80.79%


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

5. Equals Ten-Year Credit Amount Needed to Fund Gap $3,179,600

Divided by ten years 10

6. Equals Annual Tax Credit Required to Fund the Equity Gap $317,960

7. The Maximum Allowable Credit Amount $317,960


(from VIII-A12-combined figure)

(This amount must be equal to or more than 6 above)

8. Reservation Amount (Lesser of 6 or 7 above)


Credit per Unit 8,153 Combined 30% & 70% PV Credit

Credit per Bedroom 4,478 $317,960


Comprised of

$22,271 and $295,689


30% PV Credit 70% PV Credit

(Based on same relative percentages as VIII-A12)

E. Attorney’s Opinion Goal Seek Function


Attached in Mandatory TAB W) If you incur the error message that your reservation amount is not equal
to the equity gap amount you may use the goal seek function within the Excel
spreadsheet to eliminate the error message. To use the “Goal Seek” function first
place the curser box on cell V28. Using the mouse arrow, point and click on
“Tools” on the top line and then click on the “Goal Seek” option. A box will
appear with the V28 cell shown in the top space, place the cursor in the middle
box and type in the new amount that you want the equity gap to be which should
be the reservation amount below, then place the cursor in the bottom space and at
the bottom of the page click on page 22. Then place the cursor on cell N15
(Deferred Developer Fee) and click on “OK”. A message should then appear that
a solution has been found and if the amount is correct click “OK”. If the amounts
are now equal the error message will disappear.

v12.31.09 Page 26
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Tab Not Applicable
TAB A.2
(Revitalization Area Certification)
Tab Not Applicable
TAB A.2
(Surveyor’s Certification of Proximity To Public Transportation)
Tab Not Applicable
TAB A.2
(Location Map)
Suburbia Fairfax Apartments
Location Map
TAB B
(Partnership or Operating Agreement)
Suburbia Fairfax Apartments
g
Organizational Chart

J. Michael Pitchford
President & C.E.O.

Community Housing, Inc.*

Initial Member
Sole Member (99.99% interest)

CPDC Suburbia Fairfax LLC


(Managing Member - .01% LIHTC Investor
owner) (Member – 99.99% interest)

Suburbia Fairfax Development LLC


(Owner)

* Community Housing, Inc. (CHI) is a 501(c)(3) non-stock, not-for-profit corporation that is a


supporting company to Community Preservation and Development Corporation (CPDC),
which is also a 501(c)(3) non-stock, not-for-profit corporation. CHI and CPDC have identical
sets of directors and officers. CHI serves as CPDC’s real estate development arm.
TAB C
(VA SCC Certification)
TAB D
(Principal’s Previous Participation Certification)
Attachment to Previous Participation Certification

Reportable Condition Community Housing, Inc. (“CHI”) is the 100% owner of CPDC
Mayfair Mansions, Inc. (“CPDC-MM”) which is a minority member of Mayfair
Mansions Condo LLC (the “Condo LLC”). The managing and majority member of the
Condo LLC is MHCDO Mayfair Mansions, Inc., which is a subsidiary of Marshall
Heights Community Development Organization, Inc. (“MHCDO”), a District of
Columbia not-for-profit corporation.

The Condo LLC has received notice of default from the District of Columbia for failing
to pay its mortgage loan according to its terms. The Condo LLC is attempting to
negotiate a resolution of the matter with the lender.

Background Mayfair Mansions was a 570-unit multifamily rental housing project in the
District of Columbia. MHCDO and CHI undertook to re-develop the property as a
mixed-tenure project consisting of a 410-unit tax credit rental phase, which would be led
by CHI, and 160-unit affordable condominium conversion project, which would be led by
MHCDO. Thus, CHI controls the managing member of the general partner of the tax-
credit ownership entity and MHCDO controls the managing member of the Condo LLC.

CHI successfully completed the acquisition, renovation and lease-up of the tax-credit
rental project. MHCDO was not able to locate enough qualified buyers to obtain
construction financing for the condominium project and has stopped working on the
project, resulting in the notice of default from the District.

Under the terms of the operating agreement for the Condo LLC, MHCDO had (and
continues to have) primary responsibility for executing the condominium project. While
CHI has the right to consent to certain important decisions, it does not have the power
either to force MHCDO to take any action or to replace MHCDO as managing member.

Reportable Condition: CPDC MM is the managing member of the general partner of


Mayfair Mansions Limited Partnership, which is the owner of Mayfair Mansions
apartments located in Washington DC. Construction of the renovations to Mayfair
Mansions apartments has been substantially complete for more than 90 days but the final
tax credit cost certification has not been submitted to the DC Housing Finance Agency or
the DC Department of Housing and Community Development.

Background: The completion of the cost certification has been delayed by the late
submission of the general contractor’s cost certification and by the failure of the former
management company to maintain accurate records of relocation costs. The owner is not
in violation of any regulation or policy of DCHFA or DC DHCD with respect to the
submission of the cost certification. The delay has not interfered, and is not expected to
interfere, with the delivery of tax credits to the investors.
Reportable Condition: CHI is the managing member of the owner of Parkside Terrace
Development LLC, which is the owner of the Overlook at Oxon Run apartments in
Washington, DC. Construction of the apartments has been complete for more than 90
days but the final tax credit cost certification has not been submitted to the DC Housing
Finance Agency or the DC Department of Housing and Community Development.

Background: The completion of the cost certification has been delayed by the late
submission of the general contractor’s cost certification. The owner is not in violation of
any regulation or policy of DCHFA or DC DHCD with respect to the submission of the
cost certification. The delay has not interfered, and is not expected to interfere, with the
delivery of tax credits to the investors.
TAB E
(Nonprofit Questionnaire)
TAB F
(Architect’s Certification)
Universal Design Certificate Holder Listing
(This is a list of attendees only as of 1/28/10 and includes persons who are not registered Architects.)

First Name Last Name Affiliation Course Date


Ben Adamson 01/22/2008
John Alford 11/05/2008
Amazetta Anderson 01/22/2008
Penny Anderson Stephen Thomas Homes 10/30/2007
John Andrews Newport News RHA 01/08/2009
Charles Ansell ACA Architects, PC 05/24/2006
Charles Ansell ACA Architects, PC 01/08/2009
Tom Armstrong 05/24/2006
Tom Armstrong 01/28/2010
Colin Arnold 01/08/2009
Jeremy Arnold Bonstra Haresign Architects 04/22/2009
Daniel Atkins 11/05/2008
Mitchell Ayers Winks - Snowa Architects, PC 01/28/2010
Sharon Ayers Senior Citizens Advocate Dept. of Human Svcs. 01/08/2009
Ed Baber CrossGap Ministries Inc. 01/22/2008
Lou Balodemas Balodemas Architects 01/18/2006
Barbara Bane NNRHA 01/22/2008
Barbara Barnes Department of Human Services 01/08/2009
Sofia Barr 11/05/2008
Jeffery Barra Toano Design, Inc 01/08/2009
Jeffery Barra Toano Design, Inc 01/28/2010
Julie Baskerville Lessard Group 02/21/2007
Preston Basnight Kroskin Design Group, PC 01/08/2009
Bobby Beasley VG Apartments 02/21/2007
Raymond Beverage Prince William Commission on Aging 04/22/2009
Chris Blake 01/22/2008
Gwen Blue Hayden Group 01/08/2009
Latoya Bobb-Semple Venture Investment Partnership 02/21/2007
Stephanie Boczar 05/24/2006
Daniel Bolinaga 12/11/2006
Robert Boucheron 01/28/2010
Chelsey Bourgeois 05/24/2006
Gary Bowling Guernsey Tingle Architects 01/08/2009
Stephanie Bowman 01/22/2008
Sharon Brandau Peninsula Agency on Aging, Inc. 01/08/2009
Gregory Brenzinski A2RCI Architects 01/18/2006
Michael Bricker Balzer and Associates, Inc. 04/22/2009
Brian Brown Access Independence 04/22/2009
Jim Bryan Heffner Architects 04/22/2009
James Bundy 11/05/2008
Jane Burnette Independence Empowerment Center 04/22/2009
Christopher Burns William R. Beach Homes, Inc. 02/21/2007
Matthew Burton DJG, Inc 01/08/2009
Robert Butler 05/24/2006
Robert Butwin 01/22/2008
Theodore Cage Wiencek + Associates Architects + Planners 04/22/2009
Andrew Caldwell LeMay Erickson Architects 12/11/2006
EarthCraft Virginia MultifamilyTM
Sensibly Built for the Environment
RENOVATION WORKSHEET 2009
IECC 2004 Climate Zone 4
An individual Scoring Worksheet must be submitted to EarthCraft Multifamily for each renovation project to be certified. An
EarthCraft Multifamily certification requires 100-160 points, depending on the type of renovation being performed. In addition to
the completed worksheet, each project must be inspected by an EarthCraft Multifamily Inspector before, during and after the
renovation and commissioned energy modeling showing performance at least 30% more than predemolition conditions. Finally,
any and all appropriate documentation must be provided.

Points Required Type of Renovation


100 renovations that do not add conditioned space or alter floor plans
120 renovations that alter floor plans or add conditioned space, but do not change exterior shell of building

Worksheets may be submitted via mail, fax, or email.


Mail: EarthCraft House
1431 W. Main St.
Richmond, VA 23220
Fax: (804) 562-4159
Email: admin@earthcraftvirginia.org
Project: Suburbia Fairfax Apartments
Renovator Group: Community Preservation and Development Corporation
Contact Person: Paul Browne
Phone: 202.885.9567
Fax: 202.895.8805
Email: pbrowne@cpdc.org

Project Address: 10730 West Drive, Fairfax, VA 22030

Renovating Contractor - By accepting the EarthCraft Multifamily certification, I pledge that this project has been remodeled to
the standards listed on this Worksheet.

Renovator Signature date

Property Owner - I have reviewed the EarthCraft Multifamily measures with the renovating contractor.

Property Owner Signature date

EarthCraft Multifamily Technical Advisor

Technical Advisor Signature date

VA 4.2009 Page 1
POINTS SCORE DOCUMENTATION
1- HIGH PERFORMANCE BUILDING ENVELOPE AND SYSTEMS
1 REQUIRED: All projects must meet an Infiltration threshold of .60 ACH to be eligible for certification
2 REQUIRED: All exposed envelope penetrations or gaps must be air sealed
1A- AIR TIGHTNESS (must meet threshold of .60 ACH)
1 reduce air infiltration in units by 30% below threshold 10 10 blower door test
2 reduce air infiltration in units by 40% below threshold 20 blower door test
3 reduce air infiltration in units by 50% below threshold 30 blower door test
AIR TIGHTNESS SUBTOTAL 10
1B- IMPROVEMENTS TO EXISTING WINDOWS
1 replace single-paned windows with NFRC low-e double-paned windows (minimum of 75%
12 window label
of windows must be replaced with U=0.40 and SHGC=0.45 or better )
2 replace single-paned windows with NFRC low-e double-paned windows (minimum of 75%
15 15 window label
of windows must be replaced with U=0.35 and SHGC=0.35 or better )
3 install storm windows on single-paned windows 3
4 install low e storm windows 5
5 install solar shade screens on clear glazed windows 5
6 apply window film to clear glazed windows 4
EXISTING WINDOWS SUBTOTAL 15
1C- IMPROVEMENTS TO EXISTING WALLS & NEW INTERIOR WALLS
1 blow insulation into uninsulated walls where wall framing is not exposed (minimum of 75%
15
of uninsulated wall area must be insulated to R-13 or better)
2 air seal and insulate all wall cavities to R-13 or better where wall framing is exposed (air
sealing must include plate penetrations, sheathing seams & penetrations, and the gap 10
between sheathing and plate)
3 air seal and insulated previously uninsulated band joist between floors to R-13 or
better (sometimes band joist is accessible when demolition removes floors, ceilings, or 5
soffits)
4
air seal and insulate previously uninsulated band joist between floors to R-19 or better
8
(sometimes band joist is accessible when demolition removes floors, ceilings or soffits)

5 exterior cladding (min 3 sides with 40-year warranty or masonry) 1 1


6 walls covered with builder paper/housewrap (drainage plane) & tape seams 1
7 siding with vented rain screen 1
8 back-primed siding and trim 1
9 install dampers on all existing fireplace flues 2
EXISTING WALLS SUBTOTAL 1
1D- IMPROVEMENTS TO EXISTING FLOORS & FOUNDATIONS
1 REQUIRED: seal all floor penetrations -
2 seal and insulate floor over unconditioned crawlspace or basement with R-19 batt
insulation (air sealing must include all plumbing, electrical, and HVAC penetrations plus 7
any chases)
3 seal and insulate floor over unconditioned crawlspace or basement with R-19 spray-
copy of insulation
applied insulation (air sealing must include all plumbing, electrical, and HVAC 15
certificate
penetrations plus any chases)
4
air seal crawlspace walls or basement walls and insulate to R-10 continuous/R-13 cavity or
better (air sealing must include gaps and penetrations in the band joist, crawlspace vents, 20
and penetrations through walls) - 100% sealed vapor barrier on ground required

5 improve existing roof gutters to discharge water 5 feet away from foundation 3 3
6 install new foundation drain system 5
7 install vapor barrier on floor of crawlspace: 6 MIL minimum, 100% coverage with perimeter,
4
seams and all penetrations sealed
EXISTING FLOORS & FOUNDATIONS SUBTOTAL 3

VA 4.2009 Page 2
POINTS SCORE DOCUMENTATION
1E- IMPROVEMENTS TO EXISTING ATTICS
1 REQUIRED: cap, seal and insulate all chases -
2 for attics with R-15 or less existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
30 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 10
certificate
chases)
3 for attics with R-15 or less existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
38 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 14
certificate
chases)
4 for attics with R-15 to R-30 existing insulation: air seal all attic pentrations and insulate to R-
copy of insulation
38 (air sealing must include all plumbing electrical, and HVAC penetrations plus any 8 8
certificate
chases)
5
for attics with R-15 or less existing insulation and seal all attic vents and insulate the copy of insulation
20
roofline of house with spray-applied insulation, turning the attic into semi-conditioned space certificate

6
for attics with R-15 to R-30 existing insulation and seal all attic vents and insulate the copy of insulation
12
roofline of house with spray-applied insulation, turning the attic into semi-conditioned space certificate

7 install radiant barrier in attic 4


8 sheath, air seal, and insulate attic kneewalls to R-19 3
9 seal and insulate all attic access openings with in conditioned space 3
EXISTING ATTICS SUBTOTAL 8
1F- IMPROVEMENTS TO, OR REPLACEMENTS OF, EXISTING HVAC SYSTEMS
1 REQUIRED: All replacement air handlers & duct work sealed with mastic -
2 REQUIRED: No electric resistance heat as primary*** -
3 REQUIRED: All systems not being replaced must be serviced and refrigerant
- documentation
charged within 12 months of construction (prior to certification)
4
- Manual J
REQUIRED: Maximum oversizing of new cooling equipment 15% of Manual J (all)
5
- Manual J
REQUIRED: Maximum oversizing of new heating equipment 25% of Manual J (all)
6 REQUIRED: All returns ducted to dedicated return grill -
7 REQUIRED: All new forced air distribution systems <10% air flow capacity
8 REQUIRED: 8.2 HSPF/ 11.5 EER/ 13 SEER -
9 replace furnace (AFUE less than 75) with a new 90+ AFUE furnace/ 8.5 HSPF 15
10 replace furnace (AFUE 75-85) with a new 90+ AFUE furnace/ 8.5 HSPF 10 10
11 replace air conditioner (SEER less than 8) with a new 14 SEER unit 12
12 replace air conditioner (SEER 8-11) with a new 14 SEER unit 10
13 replace air conditioner (SEER less than 8) with a new 15 SEER unit 15 15
14 replace air conditioner (SEER 8-11) with a new 15 SEER unit 12
15 replace air handler with variable speed blower 8 8
16 for systems with >20% leakage: reduce duct leakage by 50% 10 10 duct blaster test
17 reduce duct leakage below 10% 10 duct blaster test
18 remove panned returns in duct systems and replace with actual ducts 5
19 replace existing duct system with new rigid trunk and takeoff system 5
20 retain existing rigid trunk & replace takeoff system 3
21 add R-8 to previously uninsulated ducts 3
22 insulate already insulated duct work to R-8 2
23 provide return pathways for all supply air 3
24 airflow for each duct run measured and balanced 3 submit w/ worksheet
EXISTING HVAC SYSTEMS SUBTOTAL 43
HIGH PERFORMANCE BUILDING TOTAL 80

VA 4.2009 Page 3
POINTS SCORE DOCUMENTATION
2- VENTILATION
1 REQUIRED: No unvented combustion fireplaces or space heaters are permitted as part of project.
2 REQUIRED: All ducts protected until flooring's completed.
3 install carbon monoxide detectors (one per unit required) 4 4
4 install radon/soil gas vent system 3
5 install low noise (< 2.0 sones) ENERGY STAR bath fans in additions 2 product literature
6 install low noise (< 2.0 sones) ENERGY STAR bath fans in pre-existing unit 2 2 product literature
7 install new automatic tub/shower room fan controls (e.g. timer) 1
8 install new kitchen range hood or downdraft vented to exterior 3
9 install new ceiling fans (minimum of 2 fans/unit) 1
10 install new whole unit fan 2
11 install new controlled house ventilation (<0.35 ACH) 4
12 install new dehumidification system (in addition to condensing coil) 5
13 create new vented storage room 1
14 create water heater combustion closet or install power vented unit 6
15 remove power roof vents 1
16 new filter/air cleaner MERV 8 or greater 2 product literature
17 ducts protected until construction is completed 2 2
18 remove all existing unvented fireplaces and space heaters 3 product literature
19 install rigid metal ductwork for all new bath exhaust fans 1
VENTILATION TOTAL 8
3- WATER - INDOOR
1 REQUIRED: All new fixtures must meet National Energy Policy Act standards for low flow.
2 install water filter (NSF certified) 1 product literature
3 install high efficiency clothes washer (in unit) 2 product label
4 replace all existing showerheads with max 1.75 gal/min showerheads 6 product literature
5 replace all existing showerheads with max 2.25 gal/min showerheads 4 4 product literature
6 replace all existing toilets with max 1.30 gal/flush or dual flush toilets 6 product literature
7 replace all existing toilets with max 1.45 gal/flush toilets 4 4 product literature
8 install hot water demand re-circulation system 2
9 install water heater jacket on water heater 1
10 install water heater pipe insulation on first two feet of pipe 1
11 install solar domestic water heating 8 8
12 install tankless gas water heating system 8
13 install heat pump water heater (De-Superheater) 4
14 install high efficiency water heater (exceed min EF: gas 0.62, electric 0.93) 6 energy guide label
WATER - INDOOR TOTAL 16
4- FIXTURES & FINISHES
1 install ICAT rated recessed integrated ballasts and CFL bulbs 5
2 replace minimum 50% of incandescent interior lights located in high use areas (kitchen,
3
main living areas, foyer,hall, bath) with ENERGY STAR fixtures product literature
3 replace 100% of incandescent interior lights with ENERGY STAR fixtures (including ceiling
6 6
fans and ventilation fans)
4 replace 100% bulbs of incandescent interior lights with compact fluorescent bulbs 2
5 install automatic outdoor lighting controls (motion sensors) 2 2
6 install automatic outdoor lighting controls (integral photocells) 2 2
7 install high efficiency exterior lighting 2 2 product literature
8 install ENERGY STAR dishwasher 1 1 product label
9 install ENERGY STAR refrigerator 5 5 product label
10 reclaimed wood flooring 2 product literature
11 recycled content tiles (min 30% recycled) 2 2 product literature
12 cork or bamboo flooring 1
13 new carpet (min 50% recycled) 2 2 product literature
14 new carpet pad (min 50% recycled) 1 1
15 all new cabinets, shelves, and countertops are urea formaldehyde free 1 1 product literature
16 all new and existing surfaces of particle board sealed 1
17 low VOC paints used (less than 150 g/L on 100% of walls) 2 2 product literature
18 low VOC stains and finishes used on wood floors 1 product literature
19 new carpet low VOC certified by the Carpet & Rug Institute 2 2 product literature
FIXTURES & FINISHES TOTAL 28
VA 4.2009 Page 4
POINTS SCORE DOCUMENTATION
5- WASTE MANAGEMENT
1 REQUIRED: No construction materials shall be burned or buried on job site or anywhere but in a state-approved landfill.
5A- RECYCLE CONSTRUCTION WASTE
1 divert 75% beverage containers from work crews 1
2 divert 75% cardboard from new fixtures & appliances 1
3 divert 75% metal (copper piping, wires, or sheet metal) 2
4 divert 75% wood (grind and use as mulch) 3
5 divert 75% drywall (installers can grind, or remove and recycle) 3
6 divert 75% carpet (new carpet installers can recycle old carpet) 2
RECYCLE CONSTRUCTION WASTE SUBTOTAL
5B- SALVAGE FOR REUSE (On or off jobsite)
1 appliances (refrigerators, and/or dish washers, and/or stoves: min. 50%) 3 if off site, letter
2 cabinets, millwork, or trim (min of 50%) 2 if off site, letter
3 wood floors 3 if off site, letter
4 doors (minimum of 2 doors/unit) 2 if off site, letter
5 bathtubs or sinks (min of 50%) 2 if off site, letter
6 reuse 100% of bathtubs or sinks 2
SALVAGE FOR REUSE SUBTOTAL
WASTE MANAGEMENT TOTAL
6- LANDSCAPING/SITE MANAGEMENT PRACTICES
1 soil tested and amended 4 test results
2 native and drought tolerant plants installed (min of 85%) 4 4 species list
3 no irrigation 2
4 install drip irrigation system 2
5 install greywater irrigation 5
6 new outdoor decking and porches (min 40% recycled) 2
7 install rainwater harvest system 3
8 erosion control site plan 2 2 site plan
9 regrade land to slope away from building 2 2
10 use of redundant mulch, compost, or straw bales for erosion control 3
11 individual trees fenced at drip line (1 point per tree, max 5 trees) 1 per tree
LANDSCAPING/SITE MANAGEMENT TOTAL 8
7- HOMEOWNER & CONTRACTOR EDUCATION
1 lead paint test performed 2 2 copy of results
2 asbestos test performed 2 2 copy of results
3 perform radon test and provide results to homeowner/leasee 2 copy of results
4 provide energy operations orientation and binder to homeowner/leasee 1 1 copy of binder
5 install built-in recycling center 2
6 contractor has Certified Land Disturber on site/staff 2 certificate
HOMEOWNER & CONTRACTOR EDUCATION TOTAL 5

VA 4.2009 Page 5
POINTS SCORE DOCUMENTATION
8- BONUS POINTS
1 site located within 1/2 mile of mass transit 3 3
2 sidewalk connects project to business district (max 2 miles) 2 2
3 street trees--minimum interval 40 ft. 3
4 solar electric system providing 10% of project requirements 25
5 alternative fuel vehicles: electric charging station or natural gas pump 4
6 alternative transportation accommodation: bike racks, covered bus stop, etc. 4
7 dedicated pedestrian and bicycle access to surrounding sites 3
8 housing affordability -- 5% 1
9 housing affordability --10% 2 2
10 average density greater than 15 units per acre 3 3
11 centralized community recycling center 5
12 community garden areas 3
13 universal design incorporated in minimum 80% of units 5
14 handicapped visitability at least 150% of minimum unit number required by code 3
15 exterior lighting designed to reduce light pollution 4 lighting plan
16 proximity to Regional Bike Path -- Existing 1
17 proximity to Regional Bike Path -- Planned 1
18 common areas use alternative energy (solar pool heater or solar lighting) 5
19 exceeds ENERGY STAR or 30% goal (1 point for each 5%)
20 Innovation points - Builder submits specifications for innovative products or design features
to qualify for additional points
BONUS POINTS TOTAL 10
EARTHCRAFT HOUSE TOTALS
HIGH PERFORMANCE BUILDING 80
VENTILATION 8
INDOOR WATER 16
FIXTURES & FINISHES 28
WASTE MANAGEMENT
LANDSCAPING/SITE MANAGEMENT 8
HOMEOWNER & CONTRACTOR EDUCATION 5
BONUS POINTS 10
GRAND TOTAL 155
Points Required
100 renovations that do not add conditioned space or alter floor plans
120 renovations that alter floot plans of add conditioned space

VA 4.2009 Page 6
TAB H
(PHA/Section 8 Notification Letter)
TAB I
(Local CEO Letter)
Local CEO Letter to be
submitted by April 1, 2010 in
accordance with guidelines
TAB J
(Homeownership Plan)
Tab Not Applicable
TAB K
(Site Control Documentation-
Documentation of Most Recent Real Estate
Tax Assessment – Acq. Rehab. Only)
Summary Page 1 of 1

| Printable Record Card | Previous Assessment | Condo Info | Sales History | Zoning | Comments |
WebPro
Card 1 of 1

Location 10727 WEST DR Property Account Number Parcel ID 57 3 02 011 A


Old Parcel ID --
Current Property Mailing Address
SUBURBIA FAIRFAX
Owner City WASHINGTON
PRESERVATION CORP
ATTN GINGER SODEMAN State DC
Address 5513 CONN AVE NW SUITE 250 Zip 20015
Zoning R-M

Current Property Sales Information


Sale Date 9/27/1996 Legal Reference 9816-763
Sale Price 2,550,000 Grantor(Seller) SUBURBIA ASSOCIATES

Current Property Assessment


Card 1 Value
Year 2009 Building Value 874,200
Xtra Features Value 0
Land Area 3.097 acres Land Value 2,220,100
Total Value 3,094,300
Finished Area (SF) N/A
Narrative Description
This property contains 3.097 acres of land mainly classified as N/A with a(n) N/A style building, built
about , having N/A exterior and N/A roof cover, with 0 unit(s), 0 total room(s), 0 total bedroom(s), 0 total
bath(s), 0 total half bath(s), 0 total 3/4 bath(s).
Legal Description
ACREAGE LT 2 - 134894 SF 9816-763

Click Property Images to Enlarge

http://realestate.fairfaxva.gov/Summary.asp?AccountNumber=57507 3/3/2010
TAB L
(Plan of Development Certification Letter)
Tab Not Applicable
TAB M
(Zoning Certification Letter)
TAB N
(Copies of 8609’s To Certify Developer Experience)
TAB O.
(Existing Conditions Photos)
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Building elevation from parking lot looking at front Partial rear building elevation
of Building No.1 and 2

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Deteriorated surface will be


repaired and resurfaced.

Entrance with concrete walk. Existing handicap access to building 1. Additional


ADA-compliant ramps to be added to provide
access to 6 Barrier-Free unit within the property.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Existing through wall HVAC unit to be


replaced with high efficiency split system. Existing aluminum balcony rails will be
Existing louver opening will be closed with repaired and refinished with high-
new masonry infill. performance paint. Existing concrete will
be repaired.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Existing single pane aluminum Existing downspout and gutters will be


windows and sliding doors will be replaced with new pre-finished downspout
replaced with Low “E” glazing, double and gutters. Existing exterior wood trim,
insulated vinyl windows and fascia and rake board will be replaced with
sliding/swing patio doors. new fiber cement trims. Existing soffit will
be replaced with vented vinyl soffit.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Typical aluminum building entry storefront system


to remain. Entry door and frame will be modified
to receive magnetic lock for proximity card access Typical metal stair rail to be clean and repaired.
control. New canopy will be added to provide Rubber treads and carpeting to be cleaned.
added entry feature and weather protection.
Existing roof shingles will be replaced, and R-38
insulation added at all attic spaces.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

New fire extinguishers cabinets will be


placed at all stairwells and common Typical laundry room per stair well. Barrier
areas. Existing fire alarm system to be Free units to include Energy Star
replaced with new fire alarm system washer/dryer in unit.
compliant with current building code
requirement

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Typical unit kitchen. New no- Appliances will be replaced per survey.
formaldehyde-added cabinets will be New Energy Star rated dish washer will
installed per survey. New cabinets will be included in all units. All new
meet VHDA Minimum Cabinet appliances will be Energy Star rated.
Standard

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Damaged drywall will be replaced per Interior door and frame to be


survey. repaired/replaced per survey

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Replaced water damaged exterior Replace existing smoke detector with new
mechanical closet doors with new hardwire, battery back-up smoke detector
painted hollow metal doors per survey. and CO detector

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Replace plumbing trims with low flow trims. Replace all toilets with 1.1 gpf toilets
Ceramic tub surrounds to be replaced where
tile is damaged and/or mold is present per
the unit conditional survey.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Existing gas fired central water heater


will be replaced with new high Existing Magic Pak thru wall system to
efficiency solar gas water heater be replaced with new gas furnace ,
electric cooling split system meeting
EarthCraft requirement.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
The Renovation of
Suburbia Fairfax Apartments 10730 West Drive
Fairfax, VA 22030

Existing riser-type electric system to be replaced Existing light fixtures will be replaced with
completely. New 125A panels with new feeder and Energy Star rated fixtures.
gears to be installed.

COMMUNITY PRESEVATION AND DEVELOPMENT CORPORATION


WIENCEK + ASSOCIATES ARCHITECTS + PLANNERS, PC
TAB Q
(Documentation of Rental Assistance)
Allowances for U.S. Department of Housing
Tenant-Furnished Utilities and Urban Development
and Other Services Office of Public and Indian Housing

Calculated with UApro


Locality Age Unit Type 6/5/2009
Fairfax County RHA Garden/Walkup, Elevator/High-Rise
Averaged Rates
Utility or Service Monthly Dollar Allowances
0 BR 1 BR 2 BR 3 BR 4 BR 5 BR
Heating a. Natural Gas $21 $25 $28 $31 $34 $37
b. Bottle Gas $48 $55 $63 $71 $78 $86
c. Oil $23 $36 $49 $61 $74 $87
d. Electric $16 $24 $31 $37 $44 $52
e. Heat pump $8 $13 $16 $19 $23 $27
Cooking a. Natural Gas $5 $7 $9 $11 $13 $15
b. Bottle Gas $12 $16 $21 $25 $30 $34
c. Electric $6 $9 $11 $13 $16 $18
d. Other $0 $0 $0 $0 $0 $0
Other Electric $25 $33 $42 $50 $59 $68
Air Conditioning $3 $6 $10 $13 $17 $20
Water Heating a. Natural Gas $10 $15 $20 $25 $30 $35
b. Bottle Gas $21 $32 $44 $55 $67 $78
c. Electric $12 $19 $25 $32 $38 $43
d. Oil $14 $22 $30 $38 $46 $54
Water $16 $21 $25 $30 $35 $40
Sewer $21 $28 $36 $44 $51 $59
Trash Collection $29 $29 $29 $29 $29 $29
Range/Microwave

Refrigerator

Other - specify Natural Gas Monthly Fee $11 $11 $11 $11 $11 $11
Actual Family Allowances To be used by the family to compute allowance. Utility or Service per month cost
Complete below for the actual unit rented. Heating $
Name of Family Cooking
Other Electric
Air Conditioning
Address of Use Water Heating
Water
Sewer
Trash Collection
Range/Microwave
Refrigerator
Number of Bedrooms Other

Total $

Spreadsheet (ver04) based on form HUD-52667 (12/97).


Previous editions are obsolete ref. Handbook 7420.8
TAB R
(Documentation of Operating Budget)
Exhibit R
Documentation of Operating Budget

The proposed operating budget for Suburbia Fairfax Apartments was based on CPDC’s
13+ year ownership of the property, with adjustments to reflect the change from owner-
paid to tenant-paid gas and electricity.
TAB S
(Documentation of Project Budget)
HARKINS BUILDERS, INC. ESTIMATE
DATE 10-Mar-10
JOB #
JOB NAME SUBURBIA FAIRFAX
BUDGET Preliminary #3
GSF 55,500 AVG.GSF/UNIT 1,028
NSF 40,620 AVG.NSF/UNIT 752
# BLDGS 2
# STORIES 3 UNIT MIX 1 BR 2 BR 3 BR
# UNITS 54 12 42 0
EFFICIENCY 73% 22% 78% 0%

DIVISION TOTAL $/GSF $/NSF $/UNIT

1 GENERAL REQUIREMENTS $ 150,309 2.71 3.70 2,783.50


2 SITE WORK 104,104 1.88 2.56 1,927.85
3 CONCRETE 14,000 0.25 0.34 259.26
4 MASONRY 8,100 0.15 0.20 150.00
5 METALS 21,000 0.38 0.52 388.89
6 WOOD AND PLASTIC 585,373 10.55 14.41 10,840.24
7 THERMAL AND MOISTURE 129,785 2.34 3.20 2,403.43
8 DOORS AND WINDOWS 54,680 0.99 1.35 1,012.59
9 FINISHES 170,236 3.07 4.19 3,152.52
10 SPECIALTIES 10,420 0.19 0.26 192.96
11 EQUIPMENT 109,126 1.97 2.69 2,020.85
12 FURNISHINGS 0 0.00 0.00 0.00
13 SPECIAL CONSTRUCTION 10,000 0.18 0.25 185.19
14 CONVEYING SYSTEMS 0 0.00 0.00 0.00
15 MECHANICAL 789,484 14.22 19.44 14,620.07
16 ELECTRICAL 225,714 4.07 5.56 4,179.89
17 BONDS AND INSURANCE 32,045 0.58 0.79 593.43
18 MISCELLANEOUS 0 0.00 0.00 0.00
19 CONTINGENCY 100,000 1.80 2.46 1,851.85

SUBTOTAL $ 2,514,375 45.30 61.90 46,562.51


OVERHEAD 50,288 0.91 1.24 931.25
FEE 125,719 2.27 3.09 2,328.13

TOTAL $ 2,690,382 48.48 66.23 49,821.88


h/nego/cpdc/suburbia/#2

COST CODE
DIVISION 1 - GEN'L REQUIREMENTS TOTAL $/GSF $/NSF $/UNIT COMMENTS

1030 WORKMAN'S FACILITIES 3,090 0.06 0.08 57.22


1040 TRUCK & AUTO 14,492 0.26 0.36 268.37
1050 FIELD OFFICE 13,100 0.24 0.32 242.59
1060 PROFESSIONAL FEES 0 0.00 0.00 0.00
1090 PROTECTION 5,800 0.10 0.14 107.41
1410 SUPERVISION 62,816 1.13 1.55 1,163.26
1410 SUPERVISION-LOAD 9,689 0.17 0.24 179.43
1420 SITE PERSONNEL/CLERK 10,236 0.18 0.25 189.56
1420 SITE PERSONNEL/CLERK LOAD 4,811 0.09 0.12 89.09
1430 PROGRAMMING 4,770 0.09 0.12 88.33
1470 PRINTS & PHOTOS 4,750 0.09 0.12 87.96
1480 PROJECT SIGN 800 0.01 0.02 14.81
1500 TEMPORARY FACILITIES 6,810 0.12 0.17 126.11
1650 SAFETY PERSONNEL 2,820 0.05 0.07 52.22
1650 SAFETY PERSONNEL LOAD 1,325 0.02 0.03 24.54
1705 REFUNDABLE DEPOSITS 0 0.00 0.00 0.00
1900 PLANS/REIMBURSABLE 5,000 0.09 0.12 92.59
1900 EARTHCRAFT INSPECTION 0 0.00 0.00 0.00 By Owner

TOTAL DIVISION 1 150,309 2.71 3.70 2,783.50


COST CODE
DIVISION 2 - SITE WORK TOTAL $/GSF $/NSF $/UNIT COMMENTS

2070 SURVEYING & ENGINEERING 0.00 0.00 0.00


2110 DEMOLITION 0.00 0.00 0.00
2112 HAZARDOUS MAT'L ABATEMENT 0.00 0.00 0.00
2200 EARTHWORK 0.00 0.00 0.00
MINOR GRADING & EROSION B1 6,000 0.11 0.15 111.11
2202 EARTHWORK RENTAL 2,000 0.04 0.05 37.04
2211 ROCK REMOVAL 0.00 0.00 0.00
2230 TESTING 5,000 0.09 0.12 92.59
2281 SOIL TREATMENT 0.00 0.00 0.00
2300 DEEP FOUNDATIONS 0.00 0.00 0.00
2420 SHORING/UNDERPINNING 0.00 0.00 0.00
2500 STORM DRAINAGE (UTILITIES) 0.00 0.00 0.00
T.V. INSPECT & JET ALL LINES A2 3,000 0.05 0.07 55.56
MISC. REPAIR ALLOWANCE A3 2,000 0.04 0.05 37.04 Allowance
ADJUST/REPAIR DOWNSPOUTS A4 800 0.01 0.02 14.81
2515 UNIT PAVERS 0.00 0.00 0.00
2551 WATER DISTRIBUTION 0.00 0.00 0.00
2552 SANITARY DISTR. 0.00 0.00 0.00
T.V. INSPECT & JET ALL LINES A1 3,000 0.05 0.07 55.56
2553 RELOCATE GAS FOR CLUBHOUSE 2,400 0.04 0.06 44.44
2554 ELECTRIC DISTRIBUTION 0.00 0.00 0.00
DOMINION FEE FOR UPGRADE J1 NIC 0.00 0.00 0.00
2610 PAVING 0.00 0.00 0.00
REPAIR/SEAL/RESTRIPE D1 14,898 0.27 0.37 275.88 Complete Resealing and minor repair.
2612 TEMPORARY ROADS 2,000 0.04 0.05 37.04
2620 CURB & GUTTER 0.00 0.00 0.00
NEW CURB CUTS C2 1,950 0.04 0.05 36.11 3 new curb cuts
MISC REPAIR C3 300 0.01 0.01 5.56 Remove and replace 10 feet.
2630 WALKS/SITE CONCRETE 0.00 0.00 0.00
REMOVE/REPLACE C1 800 0.01 0.02 14.81 Replace 5 each 4' sections of walk
NEW WALK/RAMP C4 3,500 0.06 0.09 64.81 140 l.f. new walk
REPLACE DUMPSTER PAD 3,456 0.06 0.09 64.00
2640 SYNTHETIC SURF/COURTS 0.00 0.00 0.00
2650 STREET SIGNS 0.00 0.00 0.00
2652 PROJECT SIGNAGE 0.00 0.00 0.00
2660 STREET/SITE LIGHTING 0.00 0.00 0.00
2710 FENCES AND GATES 0.00 0.00 0.00
NEW DUMPSTER ENCLOSURE G1 8,000 0.14 0.20 148.15 New fench & gates. No new pavement
2715 TEMP. FENCE & WALKWAY 4,000 0.07 0.10 74.07
2720 ROAD/PARKING LINES 0.00 0.00 0.00
2730 RECREATIONAL FACIL. 0.00 0.00 0.00
TOT LOT H1 40,000 0.72 0.98 740.74 Includes synthetic safety surfacing. No fencing.
2750 DEWATERING 0.00 0.00 0.00
2751 IRRIGATION 0.00 0.00 0.00
2760 SITE FURNISHINGS 0.00 0.00 0.00
2800 LANDSCAPING 0.00 0.00 0.00
PRUNE TREES 10' CLEAR E4 800 0.01 0.02 14.81 2 days of landscape laborer time
2820 SOD 0.00 0.00 0.00
2822 SEED E1 200 0.00 0.00 3.70
2830 TREE PROTECTION 0.00 0.00 0.00
2980 RETAINING WALLS 0.00 0.00 0.00
2985 SITE-RAILROAD TIES 0.00 0.00 0.00
2990 WASTE MGMT PLAN. K1 0 0.00 0.00 0.00 Included in 9902
2991 MISC. 0.00 0.00 0.00
2992 MISC. 0.00 0.00 0.00
2993 MISC. 0.00 0.00 0.00
2994 MISC. 0.00 0.00 0.00
2995 MISC. 0.00 0.00 0.00
2996 MISC. 0.00 0.00 0.00
2997 MISC. 0.00 0.00 0.00
2998 MISC. 0.00 0.00 0.00
2999 MISC. 0.00 0.00 0.00

TOTAL DIVISION 2 104,104 1.88 2.56 1,927.85


COST CODE
DIVISION 3 - CONCRETE TOTAL $/GSF $/NSF $/UNIT COMMENTS

3010 CONCRETE WORK 0.00 0.00 0.00


MISC SLAB REPAIR 1ST FLOOR A1 4,000 0.07 0.00 74.07
MISC SLAB REPAIR @ ENTRIES A2 6,000 0.11 0.00 111.11
MISC SLAB REPAIR BALCONIES A3 4,000 0.07 0.00 74.07
3320 GYPSUM UNDERLAYMENT 0.00 0.00 0.00
3340 PRESTRESSED CONCRETE 0.00 0.00 0.00
3400 ARCH. PRE-CAST CONCRETE 0.00 0.00 0.00
3410 PRE CAST WHEEL STOPS 0.00 0.00 0.00
3501 CONC ELEVATED DECKS 0.00 0.00 0.00
3801 CONCRETE HEAT 0 0.00 0.00 0.00
3802 CONCRETE RENTALS 0 0.00 0.00 0.00
3805 HOIST AND TOWER 0 0.00 0.00 0.00
3850 HOUSEKEEPING PADS 0.00 0.00 0.00
3990 MISC. 0.00 0.00 0.00
3991 MISC. 0.00 0.00 0.00
3992 MISC. 0.00 0.00 0.00
3993 MISC. 0.00 0.00 0.00
3994 MISC. 0.00 0.00 0.00
3995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 3 14,000 0.25 0.34 259.26

COST CODE
DIVISION 4 - MASONRY TOTAL $/GSF $/NSF $/UNIT COMMENTS

4010 MASONRY WORK 0.00 0.00 0.00


4011 STUCCO/PARGING 0.00 0.00 0.00
4014 MASONRY HEAT 0 0.00 0.00 0.00
4015 MASONRY REINFORCING 0.00 0.00 0.00
4151 SCAFFOLDING 0 0.00 0.00 0.00
4400 STONE/GRANITE 0.00 0.00 0.00
4500 MASONRY RESTORATION 0.00 0.00 0.00
MASONRY REPAIR ALLOWANCE A1 8,100 0.15 0.20 150.00 Brick infill at old condenser screens.
4720 CAST STONE 0.00 0.00 0.00
4802 MASONRY RENTALS 0 0.00 0.00 0.00
4990 MISC. 0.00 0.00 0.00
4991 MISC. 0.00 0.00 0.00
4992 MISC. 0.00 0.00 0.00
4993 MISC. 0.00 0.00 0.00
4994 MISC. 0.00 0.00 0.00
4995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 4 8,100 0.15 0.20 150.00

COST CODE
DIVISION 5 - METALS TOTAL $/GSF $/NSF $/UNIT COMMENTS

5100 STRUCTURAL STEEL 0.00 0.00 0.00


5102 STEEL ERECTION 0.00 0.00 0.00
5200 METAL JOISTS 0.00 0.00 0.00
5250 HAMBRO FLOOR SYSTEM 0.00 0.00 0.00
5300 METAL DECK 0.00 0.00 0.00
5510 METAL STAIRS 0.00 0.00 0.00
5520 HANDRAILS/RAILINGS 0.00 0.00 0.00
Cost to scrape and repaint. Only minor repair is
REPAIR STAIR RAILS A1 1,400 0.03 0.03 25.93 included.
Cost to scrape and repaint. Only minor repair is
REPAIR BALCONY RAILS A2 3,600 0.06 0.09 66.67 included.
REPLACE H.C. RAILS A3 16,000 0.29 0.39 296.30
5700 ORNAMENTAL METALS 0.00 0.00 0.00
5800 MISC METALS 0.00 0.00 0.00
5810 EXPANSION JOINT COVERS 0.00 0.00 0.00
5990 MISC. 0.00 0.00 0.00
5991 MISC. 0.00 0.00 0.00
5992 MISC. 0.00 0.00 0.00
5993 MISC. 0.00 0.00 0.00
5994 MISC. 0.00 0.00 0.00
5995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 5 21,000 0.38 0.52 388.89


COST CODE
DIVISION 6 -WOODS AND PLASTICS TOTAL $/GSF $/NSF $/UNIT COMMENTS

6001 ROUGH CARPENTRY 0.00 0.00 0.00


MISC REPAIRS E1 10,800 0.19 0.27 200.00 Allowance. Includes 4 labor hours per unit.
6100 FRAMING LUMBER 0.00 0.00 0.00
6170 PREFAB STRUCT LUMBER 0.00 0.00 0.00
6190 WOOD TRUSSES 0.00 0.00 0.00
6200 FINISH CARPENTRY 0.00 0.00 0.00
MINOR REPAIR WOOD BASE A1 2,808 0.05 0.07 52.00
6220 MILLWORK/TRIM 0.00 0.00 0.00
6240 LAMINATED PLASTICS 0.00 0.00 0.00
6400 ARCH WOODWORK 0.00 0.00 0.00
6430 STAIRWORK 0.00 0.00 0.00
6660 SAFETY MATERIAL 0 0.00 0.00 0.00
6700 ROUGH HARDWARE 1,000 0.02 0.02 18.52
6720 MISC. CARPENTRY MATERIAL 3,000 0.05 0.07 55.56
6802 CARPENTRY RENTALS 1,000 0.02 0.02 18.52
6830 CARPENTRY TOOLS 1,000 0.02 0.02 18.52
6990 DEMOLITION B1 0 0.00 0.00 0.00 Included in other line items.
6991 CONVERT OFFICE TO BF UNIT C1 22,000 0.40 0.54 407.41
6992 UPGRADE EXIST BF UNIT C2 10,000 0.18 0.25 185.19 Upgrade 2 units.
6993 VISUAL/HEARING UPGRADE C3 5,000 0.09 0.12 92.59 Upgrade 2 units.
6994 LAUNDRY ROOM IMPROVMNT D1 3,500 0.06 0.09 64.81 Paint, new flooring and new counter
6995 COMMUNITY CENTER D2 300,000 5.41 7.39 5,555.56 1500 s.f. clubhouse
6995 AVM FOR LAUNDRY D3 300 0.01 0.01 5.56
6995 FABRIC CANOPY @ ENTRIES F1 3,865 0.07 0.10 71.57
6995 NEW KITCHENS G1 137,700 2.48 3.39 2,550.00 All new kitchen cabinets, tops, sinks and faucets.
6995 NEW VANITY TOPS G3 8,400 0.15 0.21 155.56 16 new bath vanities, sinks and faucets.
CONVERT UNITS TO BARRIER FREE 66,000 1.19 1.62 1,222.22 3 Each
CONVERT 2 1-BR UNITS TO 2-BR UNITS 9,000 0.16 0.22 166.67

TOTAL DIVISION 6 585,373 10.55 14.41 10,840.24

COST CODE
DIVISION 7 - THERMAL & MOISTURE TOTAL $/GSF $/NSF $/UNIT COMMENTS

7001 DRAIN TILE 0.00 0.00 0.00


7100 WATERPROOFING 0.00 0.00 0.00
ALLOWANCE FOR MOISTURE F1 5,000 0.09 0.12 92.59 Allowance
7210 BUILDING INSULATION 0.00 0.00 0.00
UPGRADE ATTIC TO R-38 C1 9,250 0.17 0.23 171.30
7240 EIFS 0.00 0.00 0.00
7250 SPRAY FIREPROOFING 0.00 0.00 0.00
7270 FIRESTOPPING 0.00 0.00 0.00
7300 SHINGLES 0.00 0.00 0.00

Tear off old shingles and replace with 30 year anti-


fungal architectural shingles. Existing deck to
REPLACE SHINGLES A1 55,175 0.99 1.36 1,021.76 remain. Energy star shingles are not included.
7410 SIDING 0.00 0.00 0.00
REPLACE RAKE, TRIM & FASCIA B1 17,100 0.31 0.42 316.67
REPLACE SOFFIT B2 6,720 0.12 0.17 124.44
7420 METAL WALL PANELS 0.00 0.00 0.00
7510 BUILT-UP ROOF/EPDM ROOF 0.00 0.00 0.00
7600 FLASHING/SHEETMETAL 0.00 0.00 0.00
7603 METAL ROOFING 0.00 0.00 0.00
7631 GUTTERS AND DOWNSPOUTS 0.00 0.00 0.00
REPLACE G & D. E1 13,440 0.24 0.33 248.89 6" K-Style gutters and 3" x 4" downspouts
7705 SPLASH BLOCKS 0.00 0.00 0.00
7800 ROOF ACCESSORIES 0.00 0.00 0.00
7810 SKYLIGHTS 0.00 0.00 0.00
7900 CAULK & SEALANTS 0.00 0.00 0.00
REPLACE EXTERIOR CAULK G1 12,000 0.22 0.30 222.22
REPLACE INTERIOR CAULK G2 8,100 0.15 0.20 150.00
7910 TRAFFIC DECK SEALANTS 0.00 0.00 0.00
7990 IMPROVE ATTIC VENTILATION D1 3,000 0.05 0.07 55.56 Non-mechanized louvers. 2 per stairwell.
7991 MISC 0.00 0.00 0.00
7992 MISC 0.00 0.00 0.00
7993 MISC 0.00 0.00 0.00
7994 MISC 0.00 0.00 0.00
7995 MISC 0.00 0.00 0.00

TOTAL DIVISION 7 129,785 2.34 3.20 2,403.43


COST CODE
DIVISION 8 - DOORS AND WINDOWS TOTAL $/GSF $/NSF $/UNIT COMMENTS

8100 METAL DOORS & FRAMES 0.00 0.00 0.00


REPAIR ENTRY DOORS&FRAMES B1 1,600 0.03 0.04 29.63 Repair 16 doors.
REPAIR INT. DOORS & FRAMES B3 1,600 0.03 0.04 29.63 Repair 16 doors.
REPLACE MECH DOOR & FRAME B5 7,520 0.14 0.19 139.26 Replace 16 mechanical closet doors.
8101 METAL CLAD DOORS 0.00 0.00 0.00
8200 SOLID CORE WOOD DOORS 0.00 0.00 0.00
8220 PREHUNG & BIFOLD DOORS 0.00 0.00 0.00
REPLACE SWING DOORS B2 3,120 0.06 0.08 57.78 Replace 16 swing doors in apartments.
PREHUNG CLOSET SWING DOORS 36,720 0.66 0.90 680.00 Replace all bifold doors with swing doors
8305 ACCESS DOORS 0.00 0.00 0.00
8350 SPECIAL DOORS 0.00 0.00 0.00
8360 OVERHEAD DOORS 0.00 0.00 0.00
8400 STOREFRONT 0.00 0.00 0.00
8500 ALUMINUM WINDOWS 0.00 0.00 0.00
8530 SPECIAL WINDOWS 0.00 0.00 0.00
8600 WOOD/PVC WINDOWS 0.00 0.00 0.00
REPAIR WINDOWS&DOORS ALOW. A1 3,400 0.06 0.08 62.96 Allowance. Replace 10 windows & 2 patio doors
8640 SLIDING GLASS DOORS 0.00 0.00 0.00
8710 FINISH HARDWARE 0.00 0.00 0.00
8800 GLASS AND GLAZING 0.00 0.00 0.00
8810 GLASS BREAKAGE 0 0.00 0.00 0.00
8950 STORAGE 720 0.01 0.02 13.33
8990 MISC. 0.00 0.00 0.00
8991 MISC. 0.00 0.00 0.00
8992 MISC. 0.00 0.00 0.00
8993 MISC. 0.00 0.00 0.00
8994 MISC. 0.00 0.00 0.00
8995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 8 54,680 0.99 1.35 1,012.59

COST CODE
DIVISION 9 - FINISHES TOTAL $/GSF $/NSF $/UNIT COMMENTS

9100 LATH & PLASTER 0.00 0.00 0.00


9250 GYPSUM WALLBOARD 0.00 0.00 0.00
MISCELLANEOUS REPAIRS A1 34,560 0.62 0.85 640.00 Includes 16 hours patching per unit.
9300 TILE 0.00 0.00 0.00
NEW TUB SURROUNDS E1 1,250 0.02 0.03 23.15 Replace 5 tile tub surrounds.
SEAL TUB SURROUND GROUT E2 2,450 0.04 0.06 45.37 Seal 49 tub surrounds.
9310 PORCELAIN REPAIR 0.00 0.00 0.00
9340 MARBLE/STONE FLOORING 0.00 0.00 0.00
9500 ACOUSTICAL TREATMENT 0.00 0.00 0.00
9550 WOOD FLOORING 1,080 0.02 0.03 20.00 Wood floor protection.
WOOD FLOOR REPAIRS B1 0 0.00 0.00 0.00 Management refinishes wood floor.
9650 RESILIENT FLOORING 0.00 0.00 0.00
PVC FREE IN BATHROOMS D1 1,350 0.02 0.03 25.00 Replace 27 floors.
PVC FREE IN KITCHENS D3 3,780 0.07 0.09 70.00
PVC FREE AT FOYERS F1 NIC 0.00 0.00 0.00
WALK-OFF MATS F1 1,500 0.03 0.04 27.78
9680 CARPETING 0.00 0.00 0.00
9700 SPECIAL FLOORING 0.00 0.00 0.00
9800 SPECIAL FINISHES 0.00 0.00 0.00
9900 PAINTING ALL APARTMENTS 59,940 1.08 1.48 1,110.00
PAINT KITCHENS/BATHS& REPAIRS G1 19,170 0.35 0.47 355.00
9902 FINISHES RENTAL 6,800 0.12 0.17 125.93
9910 TEMPORARY LABOR 0 0.00 0.00 0.00
9920 CLEAN-UP LABOR 11,200 0.20 0.28 207.41
9920 CLEAN-UP LABOR-LOAD 5,264 0.09 0.13 97.48
9925 PUNCHOUT LABOR 5,184 0.09 0.13 96.00
9925 PUNCHOUT LABOR-LOAD 2,436 0.04 0.06 45.11
9930 QUALITY CONTROL 2,362 0.04 0.06 43.74
9930 QUALITY CONTROL LOAD 1,110 0.02 0.03 20.56
9950 WALLCOVERING 0.00 0.00 0.00
9980 HEAT FOR FINISHES 0 0.00 0.00 0.00
9989 FINISH CLEAN 10,800 0.19 0.27 200.00
9990 MISC. 0.00 0.00 0.00
9991 MISC. 0.00 0.00 0.00
9992 MISC. 0.00 0.00 0.00
9993 MISC. 0.00 0.00 0.00
9994 MISC. 0.00 0.00 0.00
9995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 9 170,236 3.07 4.19 3,152.52


COST CODE
DIVISION 10 - SPECIALTIES TOTAL $/GSF $/NSF $/UNIT COMMENTS

10100 CHALKBOARDS/TACK BDS 0.00 0.00 0.00


10160 TOILET/SHOWER PARTITIONS 0.00 0.00 0.00
10190 CUBICLE TRACK/CURTAINS 0.00 0.00 0.00
10200 LOUVERS, GRILLES 0.00 0.00 0.00
10260 WALL/CORNER GUARDS 0.00 0.00 0.00
10270 ACCESS FLOORING 0.00 0.00 0.00
10290 PEST CONTROL 0.00 0.00 0.00
10300 FIREPLACES 0.00 0.00 0.00
10350 FLAGPOLE 0.00 0.00 0.00
10400 IDENTIFYING DEVICES 0.00 0.00 0.00
FIRE DEPT. BUILDING NUMBERS B1 700 0.01 0.02 12.96
10410 DIRECTORIES/DISPLAY CASES 0.00 0.00 0.00
10500 LOCKERS 0.00 0.00 0.00
10520 FIRE EXTINGUISHERS 0.00 0.00 0.00
10530 CANOPIES AND AWNINGS 0.00 0.00 0.00
10550 POSTAL SPECIALTIES 0.00 0.00 0.00
10650 FOLDING PARTITIONS 0.00 0.00 0.00
10670 WIRE SHELVING 0.00 0.00 0.00
10750 TELEPHONE ENCLOSURES 0.00 0.00 0.00
10800 TOILET/BATH ACCESS. 0.00 0.00 0.00
TOILET/BATH ACCESS. A1 9,720 0.18 0.24 180.00
10820 SHOWER DOORS 0.00 0.00 0.00
10990 MISC. 0.00 0.00 0.00
10991 MISC. 0.00 0.00 0.00
10992 MISC. 0.00 0.00 0.00
10993 MISC. 0.00 0.00 0.00
10994 MISC. 0.00 0.00 0.00
10995 MISC. 0.00 0.00 0.00

TOTAL DIVISION 10 10,420 0.19 0.26 192.96

COST CODE
DIVISION 11 - EQUIPMENT TOTAL $/GSF $/NSF $/UNIT COMMENTS

11060 STAGE EQUIPMENT 0.00 0.00 0.00


11132 PROJECTION SCREENS 0.00 0.00 0.00
11150 PARKING EQUIPMENT 0.00 0.00 0.00
11160 LOADING DOCK EQUIP. 0.00 0.00 0.00
11172 COMPACTORS/CHUTES 0.00 0.00 0.00
11400 FOOD SERVICE EQUIP. 0.00 0.00 0.00
11452 REFRIGERATOR A3 32,400 0.58 0.80 600.00
11453 DISPOSAL A5 4,320 0.08 0.11 80.00
11454 DISHWASHERS A4 33,750 0.61 0.83 625.00 Includes mechanical and electric labor.
11455 RANGE A1 6,400 0.12 0.16 118.52 New ranges for 16 apartments.
11456 RANGE HOOD A6 14,040 0.25 0.35 260.00
11457 MICROWAVE OVENS 0.00 0.00 0.00
11458 WASHER IN BF UNITS A7 18,216 0.33 0.45 337.33 New washer/dryer for 6 apartments.
DRYER IN BF UNITS A8 incl A7 0.00 0.00 0.00
11459 RANGE HEAT SHIELDS 0.00 0.00 0.00
11460 UNIT KITCHENS (DWYER) 0.00 0.00 0.00
11480 ATHLETIC EQUIPMENT 0.00 0.00 0.00
11700 MEDICAL/HOSP. EQUIPMENT 0.00 0.00 0.00
11989 STORAGE 0 0.00 0.00 0.00
11990 MISC 0.00 0.00 0.00
11991 MISC 0.00 0.00 0.00
11992 MISC 0.00 0.00 0.00
11993 MISC 0.00 0.00 0.00
11994 MISC 0.00 0.00 0.00
11995 MISC 0.00 0.00 0.00

TOTAL DIVISION 11 109,126 1.97 2.69 2,020.85


COST CODE
DIVISION 12 - FURNISHINGS TOTAL $/GSF $/NSF $/UNIT COMMENTS

12300 KITCHEN CABINETS 0.00 0.00 0.00


12345 LABORATORY CASEWORK 0.00 0.00 0.00
12500 WINDOW TREATMENT 0.00 0.00 0.00
12670 RUGS AND MATS 0.00 0.00 0.00
12710 AUDITORIUM SEATING 0.00 0.00 0.00
12990 MISC. 0.00 0.00 0.00
12991 MISC. 0.00 0.00 0.00
12992 MISC. 0.00 0.00 0.00

TOTAL DIVISION 12 0 0.00 0.00 0.00

COST CODE
DIVISION 13 - SPECIAL CONSTR. TOTAL $/GSF $/NSF $/UNIT COMMENTS

13001 COMMUNITY CENTER 0.00 0.00 0.00


13052 SAUNAS 0.00 0.00 0.00
13125 BLEACHERS 0.00 0.00 0.00
13170 WHIRLPOOLS/SPAS 0.00 0.00 0.00
13080 SOUND ISOLATION 0.00 0.00 0.00
13090 XRAY PROTECTION 0.00 0.00 0.00
13600 PREFAB. BUILDINGS 0.00 0.00 0.00
13850 SWIMMING POOL 0.00 0.00 0.00
13990 LEAD PAINT ALLOWANCE A1 5,000 0.09 0.12 92.59
13991 ASBESTOS ALLOWANCE A2 5,000 0.09 0.12 92.59
13992 FIRESTOPPING B1 0.00 0.00 0.00 Firestopping is included by trades.

TOTAL DIVISION 13 10,000 0.18 0.25 185.19

COST CODE
DIVISION 14 - CONVEYING SYSTEMS TOTAL $/GSF $/NSF $/UNIT COMMENTS

14200 ELEVATORS 0.00 0.00 0.00


14400 LIFTS 0.00 0.00 0.00
14990 MISC. 0.00 0.00 0.00
14991 MISC. 0.00 0.00 0.00

TOTAL DIVISION 14 0 0.00 0.00 0.00

COST CODE
DIVISION 15 - MECHANICAL TOTAL $/GSF $/NSF $/UNIT COMMENTS

15400 PLUMBING 0.00 0.00 0.00


REPLACE TOILETS A1 24,300 0.44 0.60 450.00 1.1/1.6 dual flush toilets.
REPLACE TUB FAUCETS A2 13,500 0.24 0.33 250.00 1.75 gpm faucet.
REPAIR REFINISH TUBS A3 4,800 0.09 0.12 88.89
NEW TUBS @ ACCESSIBLE UNITS A3b 2,880 0.05 0.07 53.33
REPAIR WATER LINES/NEW VALVES A4 54,000 0.97 1.33 1,000.00
REPAIR WASTE SYSTEM A6 27,000 0.49 0.66 500.00
TV INSPECT WASTE LINES A7 4,050 0.07 0.10 75.00
ROUTE & FLUSH WASTE LINES A8 8,000 0.14 0.20 148.15
REPAIR & SUBMETER GAS B1 40,500 0.73 1.00 750.00
REPLACE ALL UNIT GAS VALVES B2 5,400 0.10 0.13 100.00 New gas sub meters are not included.
REPLACE WATER HEATERS D1.a 8,000 0.14 0.20 148.15
SOLAR COLLECTORS FOR WATER D1.b 262,464 4.73 6.46 4,860.44
REPLACE GAS LINES 44,280 0.80 1.09 820.00
15410 CONSTR. WATER SERVICE 1,100 0.02 0.03 20.37
15510 SPRINKLER 0.00 0.00 0.00
15600 HVAC 0.00 0.00 0.00
REPLACE SPLIT SYSTEM H.P. C1 225,760 4.07 5.56 4,180.74
CLEAN OUT DUCTWORK C2 10,800 0.19 0.27 200.00
NEW REGISTERS & GRILLS C3 8,100 0.15 0.20 150.00
REPLACE BATH FANS E1 6,750 0.12 0.17 125.00
FRESH AIR INTAKE E2 21,600 0.39 0.53 400.00
REPLACE KITCHEN EXHAUST DUCT 16,200 0.29 0.40 300.00

TOTAL DIVISION 15 789,484 14.22 19.44 14,620.07


COST CODE
DIVISION 16 - ELECTRICAL TOTAL $/GSF $/NSF $/UNIT COMMENTS

16100 ELECTRICAL 0.00 0.00 0.00


UPGRADE
PRIMARY &
SECONDARY A1 0 0.00 0.00 0.00 Electric service upgrade to buildings is not required
NEW 125 AMP LOADCENTER B1 93,854 1.69 2.31 1,738.04
NEW PLUGS/SWITCH/PLATE C1 23,490 0.42 0.58 435.00 Meggers testing is included.
ELECTRONIC IGNITION @ RANGE C2 2,700 0.05 0.07 50.00
BEDROOM ARC FAULT CIRCUITS C3 11,340 0.20 0.28 210.00
ENERGYSTAR FLUORES. LIGHTS D1 29,700 0.54 0.73 550.00
ENERGYSTAR UNIT ENTRY LIGHTS D2 1,800 0.03 0.04 33.33 New lights at building entry.
CO DETECTOR IN ALL BEDROOMS E1 20,250 0.36 0.50 375.00
REPLACE FIRE ALARM SYSTEM F1 19,800 0.36 0.49 366.67
UPGRADE SITE LIGHTS G1 5,250 0.09 0.13 97.22 Replace existing with 'Dark Sky' fixtures.
BUILDING ACCESS CONTROL J1 17,530 0.32 0.43 324.63 AI phone for each apartment is included.
16110 CONSTR. ELEC SERVICE 0 0.00 0.00 0.00
16500 LIGHTING FIXTURES 0.00 0.00 0.00
16720 ALARM & DETECTION SYSTEM 0.00 0.00 0.00
16760 INTERCOMMUNICATIONS 0.00 0.00 0.00
16780 TELEVISION SYSTEMS 0.00 0.00 0.00
16990 MISC 0.00 0.00 0.00
16991 MISC 0.00 0.00 0.00
16992 MISC 0.00 0.00 0.00

TOTAL DIVISION 16 225,714 4.07 5.56 4,179.89

COST CODE
DIVISION 17 - BONDS, INSURANCE TOTAL $/GSF $/NSF $/UNIT COMMENTS

17001 PERFORMANCE BONDS 6,075 0.11 0.15 112.50 Letter of credit provided in lieu of P & P bond.
17002 PERMIT FEES 0 0.00 0.00 0.00
17003 AVAILABILITY & TAP FEES 0 0.00 0.00 0.00
17004 COST AUDIT 9,500 0.17 0.23 175.93
17005 BUILDERS RISK 0 0.00 0.00 0.00
17006 GENERAL LIABILITY 13,500 0.24 0.33 250.00
17007 LOCAL FEES 2,970 0.05 0.07 55.00
17008 LEGAL FEES 0.00 0.00 0.00
17990 SITE BONDS 0.00 0.00 0.00
17991 LETTERS OF CREDIT (YEARLY) 0.00 0.00 0.00
17992 MISC 0.00 0.00 0.00

TOTAL DIVISION 17 32,045 0.58 0.79 593.43

COST CODE
DIVISION 18 - MISC. TOTAL $/GSF $/NSF $/UNIT COMMENTS

18990 ARCHITECTURAL DESIGN FEES 0.00 0.00 0.00


18991 CIVIL DESIGN FEES 0.00 0.00 0.00
18992 OTHER DESIGN FEES 0.00 0.00 0.00
18993 MISC
18994 MISC
18995 MISC

TOTAL DIVISION 18 0 0.00 0.00 0.00

COST CODE
DIVISION 19 - RESERVED TOTAL $/GSF $/NSF $/UNIT COMMENTS

19001 CONTINGENCY 100,000 1.80 2.46 1,851.85 Contingency for design and escalation.
19990 MISC 0.00 0.00 0.00
19991 MISC 0.00 0.00 0.00
19992 MISC 0.00 0.00 0.00

TOTAL DIVISION 19 100,000 1.80 2.46 1,851.85


TAB T
(Documentation of Financing Sources)
Tab Not Applicable
TAB U
(Documentation – include any as applicable to development:)
• To Request Exception To Restriction-Pools With Little/No Increase In Rent
Burdened Population
• Of site location in an urban development area as defined in §15.2-2223.1 of the
Code of Virginia
• Of the development participating in a locally adopted affordable housing
dwelling unit program area as described in either §15.2-2304 or §15.2-2305 of
the Code of Virginia
Tab Not Applicable
TAB V
(Nonprofit or LHA Purchase Option or Right of First Refusal)
TAB W
(Original Attorney’s Opinion)

145 Tremont Street 1275 K Street, NW


Suite 400 Suite 1200
Boston, MA 02111 Washington, DC 20005
T 617.224.0600 T 202.842.9006
F 202.842.3936
Klein Hornig
F 617.224.0601
LLP

COUNSELORS AT LAW

March 12, 2010

Virginia Housing Development Authority


601 South Belvidere Street
Richmond, Virginia 23220-6500

Re: 2009 Tax Credit Reservation Request


Name of Development: Suburbia Fairfax Apartments
Name of Owner: Suburbia Fairfax Development LLC

Ladies and Gentlemen:

This undersigned firm represents the above-referenced Owner as its counsel. It has received a copy of
and has reviewed the completed application package dated March 12, 2010 (of which this opinion is a
part) (the "Application") submitted to you for the purpose of requesting, in connection with the
captioned Development, a reservation of low income housing tax credits ("Credits") available under
Section 42 of the Internal Revenue Code of 1986, as amended (the "Code"). It has also reviewed
Section 42 of the Code, the regulations issued pursuant thereto and such other binding authority as it
believes to be applicable to the issuance hereof (the regulations and binding authority hereinafter
collectively referred to as the "Regulations").

Based upon the foregoing reviews and upon due investigation of such matters as it deems necessary in
order to render this opinion, but without expressing any opinion as to either the reasonableness of the
estimated or projected figures or the veracity or accuracy of the factual representations set forth in the
Application, the undersigned is of the opinion that:

1. It is more likely than not that the inclusion in eligible basis of the Development of
such cost items or portions thereof, as set forth in Parts VIII and IX of the
Application form, complies with all applicable requirements of the Code and
Regulations.

2. The calculations (a) of the Maximum Allowable Credit available under the Code
with respect to the Development in Part VIII of the Application form and (b) of the
Estimated Qualified Basis of each building in the Development in Part IX of the
Application form comply with all applicable requirements of the Code and
Regulations, including the selection of credit type implicit in such calculations.

KH 154123.1
www.kleinhornig.com

Virginia Housing Development Authority


Page 2

3. The appropriate type(s) of allocation(s) have been requested in Subpart I-D of the
Application form.

4. The information set forth in Subpart VII-C of the Application form as to proposed
rents satisfies all applicable requirements of the Code and Regulations.

5. The site of the captioned Development is controlled by the Owner, as identified in


Subpart II-A of the Application, for a period of not less than four (4) months beyond
the application deadline.

6. The type of the nonprofit organization involved in the Development is an


organization described in Code Section 501(c)(3) or 501(c)(4) and exempt from
taxation under Code Section 501(a), whose purposes include the fostering of low-
income housing.

7. The nonprofit organizations' ownership interest in the development is all the


managing member interests of the ownership entity of the development as described
in Subpart 11-D of the Application form.

8. It is more likely than not that the representations made under. Subpart I-F of the
Application form as to the Development's compliance with or exception to the
Code's minimum expenditure requirements for rehabilitation projects are correct.

9. After reasonable investigation, the undersigned has no reason to believe that the
representations made under Subpart I-E of the Application form as to the
Development's compliance with or eligibility for exception to the ten-year "look-
back rule" requirement of Code §42(d)(2)(B) are not correct.

Finally, the undersigned is of the opinion that, if all information and representations contained in the
Application and all current law were to remain unchanged, upon compliance by the Owner with the
requirements of Code Section 42(h)(1)(E), the Owner would be eligible under the applicable
provisions of the Code and the Regulations to an allocation of Credits in the amount(s) requested in
the Application.

This opinion is rendered solely for the purpose of inducing the Virginia Housing Development
Authority ("VHDA") to issue a reservation of Credits to the Owner. Accordingly, it may be relied
upon only by VHDA and may not be relied upon by any other party for any other purpose.

This opinion was not prepared in accordance with the requirements of Treasury Department
Circular No. 230. Accordingly, it may not be relied upon for the purpose of avoiding U.S. Federal

KH 154123.1
Virginia Housing Development Authority
Page 3

tax penalties or to support the promotion or marketing of the transaction or matters addressed
herein.

Very truly yours,

cc: Paul Browne, CPDC


Tim Westrich, CPDC

KH 154123.1
TAB Y
(Marketing Plan for units meeting accessibility
requirements of HUD section 504)
SUBURBIA FAIRFAX APARTMENTS

MARKETING PLAN
MARKETING PLAN
FOR
Suburbia Fairfax Apartments

All housing opportunities are available to all persons regardless of their race, color, creed,
religion, sex, national origin, marital status, physical or mental handicap, or any other
prohibited basis of discrimination in accordance with Title VII of the Federal Civil Rights Acts
of 1968. In addition, housing opportunities are available in accordance with §36-96.3A(1) of
the Virginia Code, which includes, race, color, religion, national origin, sex, elderliness or
familial status. All marketing, leasing, advertising and resident selection will be done in
accordance with the abovementioned Fair Housing policies.

OVERVIEW

Suburbia Fairfax Apartments is a garden-style community located in Fairfax City, Virginia. The
property includes 54 rental apartment homes situated in three-story buildings of two clusters. The
site consists of an irregularly-shaped parcel containing 3.1 acres. It is bordered by a park to the
south, by single-family homes to the west and north, and by a condominium property to the east. The
site has two driveway entrances. Suburbia Fairfax Apartments is served by all public utilities
including gas, electricity, water, sewer, telephone and cable.

No. Of
Units Description Square Footage

10 1 Bedroom / 1 Bath 616


42 2 Bedroom / 1 Bath 729
2 2 Bedroom / 1 Bath 804

The property was originally developed under the FHA Section 236 loan program, and is now subject
to a recorded Use Agreement (the LIHPRHA Covenant) which requires that 39 of the units be rented
to households with incomes at or below 50% of the Area Median Income, 3 of the units be rented to
households with incomes from 51% to 80% of the Area Median Income, and 12 of the units be
rented to households with incomes from 81% to 95% of the Area Median Income.

Suburbia Fairfax Development LLC plans to renovate the property, in part using Low Income
Housing Tax Credits.

NEIGHBORHOOD

The property is located on West Drive, just south of the historic downtown area of Fairfax, VA. It is
0.4 miles from Chain Bridge Road (Virginia Route 123), a major thoroughfare. Properties in the
surrounding area are generally maintained in good condition with older vintage style properties
Page 2
being renovated over time.

In summary, Suburbia Fairfax Apartments is located in a stable and desirable suburban


neighborhood conveniently accessible to employment, shopping and recreational uses.

CURRENT LAWFUL TENANT STIPULATION

All tenants who are lawful residents of the property at the time the property is acquired by Suburbia
Fairfax Development LLC, shall be permitted to reside at the property under the terms of their
existing lease and or subsequent new lease to be signed as a result of Low Income Housing Tax
Credit conversion, shall only be required to comply with the Eligibility and Selection Criteria as it
relates to the provisions of Section 42 Tax Credit financing of the property. This includes, but is not
limited to sections 1, 6, 10, 11, 20, 21, and 22 contained within the Eligibility and Selection Criteria
herein.

SUBURBIA FAIRFAX APARTMENTS ELIGIBILITY REQUIREMENTS

The annual income and family composition are the key factors for determining eligibility. The
Community Manager, however, will also consider the following criteria in screening applicants:

ELIGIBILITY CRITERA

1. Applicants must meet the applicable income limits as established by the LIHPRHA
Covenant and LIHTC programs and/or the regulations and underlying documents for
the unit for which they are applying. Thirty-nine units will units will be rented to
households with income at or below fifty percent (50%) of area median income,
subject to the LIHTC program. All other units will be rented according to LIHPRHA
guidelines. The applicable income limits will be posted in the Rental Office.

2. Applicants must provide complete and accurate verification of all income of all
family members. The household’s annual gross income may not exceed the
applicable tax credit limit. The annual gross income is compared to income limits to
determine eligibility.

3. Family composition must be compatible for units available on the property. No more
than two persons may occupy the same bedroom.

Families must be placed in apartments of appropriate size for the composition and
size of the family as follows:

Page 3
Bedroom Family size

1 1-2
2 2-4

4. Households must not be entirely and exclusively comprised of full-time students.


Except under the following conditions:

a. Any adult member (as defined by the tax credit monitoring agency) of the
household is married and filed a joint Federal Tax return in the previous year;
or
b. If the household consists of a single-parent of a child (or children) in school,
none of whom are dependent upon a third-party; or
c. A household member is a recipient of Aid to Families with Dependent
Children (AFDC); or
d. A household member is in a federal, state or local job training program
comparable to the Job Training Partnership Act.

Selection Criteria

The Agent recognizes that the process of screening and accepting applicants is crucial to
well being of the development. The Agent will screen applicants to not only insure that they
meet the above criteria as established by the tax credit program but also to determine that
they will be responsible residents. In addition, the Resident Selection procedure will apply to
applicants, including all adult members of the applicant's family who are expected to reside
in the unit. The annual income and family composition are the key factors to determining
resident eligibility. However, the Community Manager will also consider the following
criteria in screening applicants for occupancy.

1. Applicants must be individuals, not agencies or groups.

2. Applicants must not receive a poor credit rating from the Credit Bureaus and other
credit reporting agencies, as well as must demonstrate an ability to pay rent on time.

A credit report will be conducted for each adult member of the household who is
eighteen (18) years of age or older without charge to the applicant. The credit report
will be reviewed to determine the history of payment practices, utilities, outstanding
loans, judgments, bankruptcies, foreclosures, etc. Ratings on this report 0, 1, 2, or 3
will be generally acceptable. Ratings of 4 through 9, excluding medical, that are
dated within three (3) years will be cause for rejection.

The following items will be considered examples of unfavorable credit references and will serve as
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the basis for rejection of the application and applicant’s eligibility.

a. Utility accounts such as gas, electric, water and sewer with a rating of 4
through 9 regardless of the date the account became delinquent will be
grounds for rejection of the application. Even if the account is paid off after
the date of application, it will still remain grounds for rejection.

If utility accounts have a rating of 4 through 9 but were paid off prior to the
date of the application, it will not be considered grounds for rejection so long
as a zero (0) balance showing on the credit report and/or payment in full can
be verified as being made prior to the date of application.

b. Any outstanding balance due a landlord for non-payment of rent and/or


damages will be grounds for rejection.

c. Any outstanding civil judgments or civil suits, excluding medical, at the time
of processing the application will be grounds for rejection of the application.

d. A bankruptcy filed within the past three (3) years, unless the result of a
medical catastrophe will be grounds for the rejection of the application.

A lack of established credit in and of itself will not be grounds for rejection.

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

Suburbia Fairfax Apartments will reappraise a credit report forwarded to Suburbia


Fairfax Apartments by the credit bureau on behalf the resident which encompasses
certain corrections or additions in the report as a result of action taken directly by the
applicant with the credit bureau or creditor.

The application and eligibility are, however, considered rejected until updated
information is received from the credit agency. The applicant will be assigned to the
waiting list chronologically according to the date of receiving a satisfactory credit,
and criminal history report.

Any application on the waiting list for ninety (90) days or longer will require an up-
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dated credit report be conducted when a unit becomes available. If lieu of this, if a
negative credit report is received anytime after the initial approval of the applicant’s
credit report, the applicant will be notified in writing that under the above guidelines,
the application and eligibility are rejected.

3. Applicants must demonstrate their ability to pay rent on time. Verifiable rental
history will include a copy of the applicant’s rental agreement showing a monthly
amount which is due to rent along with copies of cancelled checks or payment
receipts and a completed Landlord Verification form signed by the current Landlord
and any additional Landlords over the last four (4) years. Those applicants whose
history shows a late payment record of more than ten (10) days past due on two or
more occasions over the past year as verified by the current and prior Landlords
and/or by court records will constitute a rejection on the basis of poor rental history.
In addition, applicants may not owe a former Landlord a prior balance for rent or
other related occupancy charges. No further considerations of delinquent accounts as
listed under #2 above will occur if the applicant cannot provide a verifiable and
satisfactory rental history as stated above. The application will be denied in this
instance.

4. Applicants must demonstrate their ability to meet the requirements of residency as


identified in the lease agreement.

5. Applicants must receive a satisfactory reference from former Landlords. Reference


will be obtained from present and past landlords over a five (5) year period. An
applicant may be rejected if these reports document a failure to make payments or
shows evidence that the applicant, applicant’s family and/or guests of the applicant
disturbed the safety, security and/or right to peaceful enjoyment of other residents.
The applicant will also be rejected if the landlord states that poor housekeeping
habits posed a threat to the health, safety and welfare of the household members or
other residents of the community. Additional grounds for rejection will include legal
proceedings against the applicant or household members occurred and/or eviction of
the applicant.

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

7. Applicant(s) or any member of the household who are convicted of the illegal
manufacture or distribution of a controlled substance is not eligible for residency at
Suburbia Fairfax Apartments. Similarly any applicant(s) convicted of a violent
crime, sexual assault, assault or weapons violations within the last three years will
not be considered for occupancy. Applicants or any member of the household who
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are current illegal abusers or addicts of a controlled substance are also not eligible for
residency at Suburbia Fairfax Apartments. However, if an applicant is in a treatment
program for a controlled substance abuse and also has a job, then that applicant shall
be considered for residency at Suburbia Fairfax Apartments.

8. Applicants who demonstrate a substantial risk of intentional or negligent damages or


destruction to the unit and surrounding premises by the applicant or those under
applicant's control are not eligible for residency at Suburbia Fairfax Apartments. This
would include applicants who:

a. Have a verifiable history of grossly unsanitary or hazardous housekeeping or


failure to use in a reasonable manner all utilities, services, appliances and
equipment in a dwelling unit.

b. Have a verifiable history of damage or destruction to a dwelling unit and


related equipment and surroundings.

9. Applicants who demonstrate a substantial risk of failure to comply with the terms of
the Lease, such as providing shelter to unauthorized occupants, keeping unauthorized
pets, painting or decorating or substantially altering the unit without Agent's
approval will not be eligible for residency at Suburbia Fairfax Apartments.

10. Applicants must provide verification of full-time student status for all individuals
listed on the application as full-time students.

11. All applicants are required to disclose and verify the Social Security Numbers of all
household members.

12. Applicants must demonstrate their ability to maintain acceptable housekeeping


standards.

13. Housing opportunities are available to all persons regardless of their race, color,
creed, religion, sex, national origin, marital status, physical or mental handicap or
any other prohibited basis of discrimination. Anyone who feels that he or she has
been discriminated against should contact the Property Manager at (301) 562-1600.

14. Failure to meet the eligibility/occupancy criteria will result in applicant ineligibility.

15. Applicant shall not:

a. Have ever been evicted as a result of a judgment entered against an


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applicant in a landlord/tenant case;

b. During the past 24 months, have more than three (1) judgments of
possession entered against an applicant for rent due and unpaid;

c. During the past 24 months, have any judgments entered against an


applicant for restitution of the premises because of an applicant's
unlawfully holding over beyond the termination of lease or because
of an applicant's breach of lease; and

d. Owe a current or former landlord a prior balance for unpaid rent and
other related occupancy expenses.

16. Applicants must provide a doctor's statement and/or other proof of any handicap or
disability if same is claimed.

17. Applicants must provide proof of age for persons 62 years of age or older who will
be heads of the household in order to obtain the elderly head of household allowance.

18. Applicants must provide Birth Certificates for all persons in the household.

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

20. Applicants must submit documentation substantiating citizenship or eligible


immigration status for any non-citizen.

All units will be occupied on a first come, first served basis in accordance with the unit
size standards. The vacant units will first be occupied through in-house transfers in
accordance with the transfer policy. After all transfers have been completed, vacant units
will be occupied by applicants on the waiting list.

Applicants for units designated for the mobility impaired will be selected on a first come,
first served basis for those households containing a handicapped person with a mobility
impairment requiring the special design features of the unit.

21. Family composition must be compatible for units available on the property. No more
than two persons may occupy the same bedroom.

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Families must be placed in apartments of appropriate size for the composition and
size of the family as follows:

Bedroom Family size

1 1-2
2 2-4

Failure to meet the eligibility/occupancy criteria will result in applicant ineligibility.

MARKETING THE PROPERTY

Renovation of the property is expected to be completed by the end of December of 2011. The
marketing period will begin three hundred and sixty-five days before the anticipated completion of
the rehabilitation of the first set of units. Marketing will be an ongoing program, varying in intensity
with the needs of the development. During initial rent up, the marketing efforts will be intense until
a 95% occupancy level of the units has been achieved. Minimal marketing efforts will then be
needed to complete the lease up of the remaining units.

It is expected that leasing will continue in conjunction with the construction schedule and will not be
negatively affected. Move-ins will be scheduled based on availability of units. Future units will be
pre-leased based on availability dates.

We will concentrate our primary marketing efforts on attracting qualified applicants for units. Our
marketing efforts will include, but are not limited to, signage, newspaper advertisements, flyers and
other promotional materials. Each of these aspects is discussed in further detail in subsequent pages
of this plan. The entire property should reach 95% occupancy no later than one hundred twenty days
after rehabilitation has been completed.

DETAILS OF MARKETING EFFORTS

Newspaper Advertising

Print advertising will be primarily concentrated in the Washington Post which has the widest
circulation of all publications in Fairfax, VA. However, this source is expensive and ads will be
carefully placed to be most cost effective as well as successful. Initially a 15 - 25 line ad will run in
Sunday’s and Wednesday’s paper.

Smaller squib ads for 1 and 2 bedroom apartment homes may be run Monday through Friday
determined by the unit delivery schedule and availability.

The above ad schedule will begin ninety days prior to the anticipated completion of rehab and
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continue throughout lease-up. Squib ads will continue as necessary.

Additional advertising may be done in the local Fairfax City and Fairfax County Newspapers.

Signage

All exterior temporary signage will be installed with the commencement of construction. It is
important to establish the image for Suburbia Fairfax Apartments in conjunction with the lease-up.

There will be one main identifier sign at the entrance. One office directional sign will be located in
the parking lot near the rental office. In addition, “Now Renting” banners may be hung on the face
of the building as well as directionals around the community directing traffic to the property.

Marketing Brochure/Information Sheet

A marketing brochure/information sheet featuring the logo and a brief description of the property
and amenities should be available for distribution to all prospective applicants and for community
distribution. The brochure/information sheet will be professionally designed and produced.

Other Promotional Materials

Flyers can be professionally designed and copied by the on site staff at any time. These flyers can be
placed in local businesses, on community bulletin boards, or handed out at shopping centers.
Balloons should be utilized on the property to draw attention to the offices and at the entrance to the
property. Costs involved for producing flyers and balloons are minimal.

MARKETING AND LEASING OFFICE

The Leasing Center/Management Office will be designed to offer accessibility to prospects


including marketing materials and a closing area. Management office will be clearly marked and
directional signs will be utilized.

LEASING ACTIVITIES

All leasing activities will take place on site. Leasing activities include showing apartments, when
available, taking applications, qualifying applicants, signing leases, accepting security deposits, and
other related activities. In addition, Management will maintain unit availability charts, indicating the
status of units and daily traffic logs indicating the number of responses to various ads and status of
applications. Guest cards are required from all prospects in order to assure compliance with Fair
Housing Guidelines.

All applicants will be able to view their unit prior to signing a lease.
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OFFICE HOURS

The office house will be flexible and will adjust according to the needs of the property. Initially
through lease up and the intensive marketing phase, the hours will be:

Monday through Friday 8am to 5pm


Saturday (1st of Month) 9am to 5pm during lease-up and whenever occupancy levels dictate
otherwise.
Sunday and most holidays Closed unless occupancy levels dictate otherwise.

Special appointments can be made at any time. The office will close for lunch.

An answering service will be available during non-working hours. Applicants will be able to leave
messages so that staff can return calls the following business day.

TARGETED MARKET GROUP

The targeted market group for Suburbia Fairfax Apartments will be defined by the income limits
required by LIHPRHRA Covenant and the LIHTC program. Under the LIHTC program, the
Owners have elected to set aside 39 units at 50% of median income.

MAXIMUM PERMISSIBLE INCOMES

Under the LIHTC program and the LIHPRHA covenant, 39 of the units of the units must be rented
to households whose income is at or below 50% of median income adjusted for family size, and the
balance are restricted under LIHPRHA between 51% and 95% of AMI. Suburbia Fairfax
Apartments will have one- and two-bedroom units; therefore families of one to a maximum of four
persons may occupy a unit at Suburbia Fairfax Apartments. The maximum income by family size
for the three income tiers at the property is:

50% AMI 80% AMI 95% AMI


1 Person $ 35,950 $ 44,800 $ 68,296
2 Persons $ 41,100 $ 51,200 $ 78,052
3 Persons $ 46,200 $ 57,600 $ 87,809
4 Persons $ 51,350 $ 64,000 $ 97,565

MAXIMUM PERMISSIBLE RENTS

The rents at the property will continue to be set by HUD. Moreover, the rents will also be restricted
under the LIHTC guidelines. The maximum permissible rents for the LIHTC units, including
utilities, are:
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Bedroom Size Median Income Maximum * Number of
Permissible Units
Rent
One Bedroom 50% of Median Income $963.00 10
Two Bedroom 50% of Median Income $1,155.00 44

MINIMUM PERMISSIBLE INCOME

The minimum income that a prospective resident may have and be considered qualified to pay the
rent will be determined on a case by case basis. In general, a family should not spend more than
30% of their gross income for rent including utilities.

Example: Monthly rent for a one bedroom of $650 with $50 utility allowance = Total monthly
housing cost of $700. The minimum qualifying income would be $650 x 12 / .40 = $19,500. This
minimum qualifying income would be acceptable with good credit and little to no debt.

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Marketing Plan for Handicapped Accessible Units

Six of the units at Suburbia Fairfax Apartments will be renovated and fully equipped to
accommodate the needs of those with physical disabilities and with hearing and sight impairment
and additional units will be equipped specifically for hearing and sight impaired only. The units
will be equipped to comply fully with HUD regulations interpreting accessibility requirements of
The Uniform Federal Accessibility standards in accordance with the Architectural Barriers Act,
42 U.S.C. 4151-4157.

At initial occupancy and upon turnover, each of the accessible units will be held vacant until
they are leased to an eligible household.

The Owner and Managing Agent will create a flyer that lists the basic accessibility features of
the units that meet the accessibility requirements of HUD Section 504 regulations. This flyer
will be made available in alternative formats upon request; including large print, computer
diskette or audiotape. The flyer will be distributed via US postal service or email to
organizations whose emphasis is placed on assisting persons with special needs; including:

City of Fairfax
- Department of Human Services
- Housing Programs, Health & Mental Health programs
(703) 385-7894

Virginia Board for People with Disabilities


(804) 786-0016

Centers for Independent Living


- Disability Resource Center (540) 373-2559
- Access Independence (540) 552-4452

Northern Virginia Regional Commission


(703) 642-0700 V

Endependence Center of Northern Virginia (Local Independent Living Center)


(703) 525-3268 V
(703) 525-3553 TTY
(703) 525-3585 FAX

Coalition for Housing Opportunities In the Community


(703) 851-5257 V
choicenova@comcast.net

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Fairfax Area Disability Services Board
(703) 324-5421

Access Virginia (Statewide Accessible Housing Registry)


http://www.accessva.org

Public and Community Relations

The Owner and Managing Agent will work with local organizations, neighborhood civic
organizations, places of worship, city and government officials dedicated to assisting physically
impaired individuals to identity potential qualified residents.

PERSONNEL

Community Manager - Resident relations, marketing, rent collection, certification and


recertification procedures, selection of applicants, maintenance of resident files, preparation and
submission of required reporting, supervision of project staff, physical maintenance of property, and
other duties assigned by the Regional Property Manager.

Maintenance Engineer - Respond to requests for maintenance services by residents, keep property
in good repair, establish and conduct preventive maintenance schedules, supervise outside
contractors, maintain property equipment and machinery, respond to emergency situations after
hours, and other duties assigned by the Community Manager.

Custodial/Grounds Technician - Janitorial duties, grounds keeping, unit turnover preparation, and
other duties assigned by the Community Manager.

CONSTRUCTION

The marketing staff will coordinate closely with the construction staff to ensure quality control and
to minimize confusion on scheduling. The delivery schedule will be obtained from construction at
the start of the construction phase. This schedule will be updated daily to insure accuracy. The
construction staff will inform marketing of delays in the delivery of units.

The Community Manager or his/her designee will inspect the unit and sign a copy of the punch-out
list if the work and the unit are acceptable to management. A copy of the inspection and sign off on
the punch-out list will be kept on site in the unit file. If further work is needed, construction will
complete same and advise the Community Manager when the work has been completed. After
Management has accepted the unit, and has scheduled a move-in date for an acceptable resident,
construction will obtain the final approvals from the regulating agencies, and obtain a Certificate of
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Occupancy for the unit just prior to move in of the new resident.

If there is a disagreement about the work needed or acceptance standards, then the issue will be
brought to the attention of the Owner or Owner’s designee for action.

The Owner will inform Management about construction changes that will affect leasing.
Management, in turn, will provide the Owner with weekly, or more often if requested, status reports
as to acceptance and leasing of units.

Construction shall not interfere with the marketing function. A written plan outlining construction
activity will be drawn up and agreed to by the General Contractor. The plan will provide guidelines
for:

1. Vehicle traffic
2. Parking
3. Hours of Operation once occupancy is started
4. Material storage
5. Site maintenance and cleanliness at all times
6. Deliveries
7. Supervision of trades
8. Access of occupied units
9. Areas of operation
10. Policing site at end of day to ensure cleanliness
11. Construction office
12. Security
13. Behavior of contractor and subcontractor personnel
14. Use of bathroom facilities
15. Loitering after hours by construction personnel
16. Consumption of alcohol or drugs on or near site
17. Trash
18. Hazardous materials
19. Safety

The plan will also establish liaisons from the construction staff. A procedure to deal with latent
defects and construction “call backs” that is acceptable to all parties will be developed.

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