Jarvis Landing

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Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans
Project Description
Project Name: Jarvis Landing
Address: 7400 Caratoke Highway (US HWY 158)
City: Jarvisburg County: Currituck Zip: 27947
Census Tract: 1104 Block Group: 2022
Is project in Qualified Census Tract or Difficult to Develop Area? No

Are you requesting the basis boost under section II(E)(4) of the QAP? Yes
Political Jurisdiction: Currituck County

First:Dan Last:
Jurisdiction CEO Name: Title: County Administrator
Scanlan
Jurisdiction Address: Highway 158
Jurisdiction City: Currituck Zip: 27917
Jurisdiction Phone: (252)232-2075
Site Latitude: 36.1040
Site Longitude: -75.5147
Project Type: New Construction
Is this project a previously awarded tax credit

development?
New Construction/Adaptive Reuse:

Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No
If yes, list names of previous phase(s):

Rehab:
Number of residents holding Section 8
vouchers:
Will the project meet Energy Star standards as defined in Appendix B? Yes
Does a community revitalization plan exist? No

Will the project use steel and concrete construction and have at least 4 stories? No
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Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:
Target Population:Family
Will the project be receiving project based federal rental assistance? No
If yes, provide the subsidy source: and number of units:

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Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: The Affordable Housing Group of North Carolina, Inc.
Address: 1300 Baxter Street, Suite 215
City: Charlotte State: NC Zip: 28204

Contact: First: Kathy Last:Stilwell Title:Dep. Director
Telephone: (704)968-7202
Alt Phone: (704)342-3316
Fax: (704)376-8709
Email Address: kstilwell@affordablehousinggroup.org

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

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Site Description
Total Site Acreage: 15.40 Total Buildable Acreage: 15.40

If buildable acreage is less than total acreage, please explain:
Identify utilities and services currently available (and with adequate capacity) for this site:
Storm Sewer Water Sanitary Sewer Electric
Is the demolition of any buildings required or planned? No

If yes, please describe:
Are existing buildings on the site currently occupied? No

If yes:
(a) Briefly describe the situation:
(b) Will tenant displacement be temporary?

(c) Will tenant displacement be permanent?
Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:
Is any portion of the site located inside the 100 year floodplain? No
If yes:
(a) Describe placement of project buildings in relation to this area:

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

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Site Control
Does the owner have fee simple ownership of the property (site/buildings)?No
If yes provide:
Purchase Date: Purchase Price:
If no:
(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes
(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for
purchase of the property and the seller of the property?No
If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase: 8/30/2009
(D) Enter Purchase Price: 1,500,000

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Zoning
Present zoning classification of the site:Conditional District - General Business
Is multifamily use permitted?Yes
Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?Yes
If yes, have the hearings been completed and permits been obtained?No
If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for
obtaining them:
The project has full site plan approval for the development of 39 units. Currituck County is in the process of
reviewing an Ordinance that will allow density bonuses for affordable housing projects. It the Ordinance is
not passed prior to the final application submission deadline, we will reduce the unit count back to the 39
already approved by Currituck County. The schedule for County review and approval of the Ordinance is
April 21, 2009.
Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:
Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:

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Ownership Entity
Owner Name: Jarvis Landing LLC

City: Charlotte State:NC Zip: 28204
Federal Tax ID Number of Ownership Entity: (If assigned)

Note: Do not submit social security numbers for individuals.
Entity Type: Limited Liability Company
Entity Status: To Be Formed
Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes
Is the applicant requesting that the Agency treat the application as CHDO sponsored? No
List all general partners, members,and principals. Specify nonprofit corporate general partners or members.
Click [Add] to add additional partners, members, and principals.
Org: Jarvis Landing Housing of Currituck Inc.

First Name: Kathy Last Name: Stilwell Function: Managing Member
Phone: (704)968-7202 Fax: (704)376-8709
EMail: kstilwell@affordablehousinggroup.org Nonprofit: No
Org: The Affordable Housing Group of North Carolina, Inc.

First Name: Paul Last Name: Woollard Function: Member
Phone: (704)607-9791 Fax: (704)376-8709
EMail: Nonprofit: Yes

pwoollard@affordablehousinggroup.org

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Unit Mix
The Median Income for Currituck county is $67,900.
Low Income Units
Total # Monthly Utility Mandatory **Total

Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.
Duplex 2 998 16 2 550 85 0 635
Duplex 3 1246 12 2 650 99 0 749
Duplex 2 998 10 1 625 85 0 710
Duplex 3 1246 8 1 700 99 0 799
Utilities included in rents: Water/Sewer Electric Gas Other trash
Employee Units (will add to Low Income Unit total)

Utilities included in rents: Water/Sewer Electric Gas Other
Market Rate Units

Utilities included in rents: Water/Sewer Electric Gas Other
Statistics
All Gross Monthly

Units Units Rental Income
Low Income....... 46 6 28450
Market Rate.......
Totals............... 46 6 28450
Proposed number of residential buildings: 23 Maximum number of stories in buildings: 2
Project Includes:
Separate community building - Sq. Ft. (Floor Area): 1,460
Community space within residential bulding(s) - Sq. Ft. (Floor Area):

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Elevators - Number of Elevators:
Square Footage Information
Gross Floor Square Footage: 64,312
Total Net Sq. Ft. (All Heated Areas): 50,360
Indicate below any additional targeting for special populations proposed for this project:
Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and
state codes.)
Number of Units: 6
Number of Units Required: 6

Persons with disabilities or homeless populations.
Number of Units: 5
Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.
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Targeting
Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to
create another row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.
# BRs Units %
2 16 targeted at 50 percent of median income affordable to/occupied by
Total Low Income Units: 46
Note: This number should match the total number of low income units in the Unit Mix section.

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Funding Sources
Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service
Bank Loan 930,000 7.75 20 20 91,618
RPP Loan
Local Gov. Loan - Specify:
RD 515 Loan
RD 538 Loan - Specify:
AHP Loan
Other Loan 1 - Specify:
Tax Exempt Bonds
State Tax Credit(Loan) 2,529,005 0 30 30 0
State Tax Credit(Direct Refund)
Equity: Federal LIHTC 5,462,104
Non-Repayable Grant
Equity: Historic Tax Credits
Deferred Developer Fees 2,997
Owner Investment
Other - Specify:
Total Sources** 8,924,106
* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
Estimated pricing on sale of Federal Tax Credits: $0. 72
Remarks concerning project funding sources:

(Please be sure to include the name of the funding source(s))

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We have assumed a basis boost of 21%.

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Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only)
2 Demolition (Rehab / Adaptive Reuse only)
3 On-site Improvements 652,350 619,733
4 Rehabilitation
5 Construction of New Building(s) 3,899,451 3,899,451
6 Accessory Building(s) 150,000 150,000
7 General Requirements (max 6% lines 2-6) 282,108 282,108
8 Contractor Overhead (max 2% lines 2-7) 99,678 99,678
9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 398,713 398,713
10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 164,469 164,469
11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 110,000 110,000
12 Architect's Fee - Inspection 31,000 31,000
13 Engineering Costs 56,100 56,100
SUBTOTAL (lines 1 through 13) 5,843,869
14 Construction Insurance (prorate) 18,000 14,400
15 Construction Loan Orig. Fee (prorate) 163,000 130,400
16 Construction Loan Interest (prorate) 422,170 337,736
17 Construction Loan Credit Enhancement (prorate)
18 Construction Period Taxes (prorate) 3,584 2,867
19 Water, Sewer and Impact Fees 30,000 30,000
20 Survey 15,000 15,000
21 Property Appraisal 10,000 10,000
22 Environmental Report 15,000 15,000
23 Market Study 4,300 4,300
24 Bond Costs
25 Bond Issuance Costs
26 Placement Fee
27 Permanent Loan Origination Fee 18,600
28 Permanent Loan Credit Enhancement

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29 Title and Recording 7,500
SUBTOTAL (lines 14 through 29) 707,154
30 Real Estate Attorney 35,000 35,000
31 Other Attorney's Fees 10,000 5,000
32 Tax Credit Application Fees (Preliminary and Full) 2,300
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 43,195
34 Cost Certification / Accounting Fees 15,000 15,000
35 Tax Opinion 3,000
36 Organizational (Partnership) 2,500
37 Tax Credit Monitoring Fee 32,200
38 Furnishings and Equipment 28,000 28,000
39 Relocation Expense
40 Developer's Fee 483,000 483,000
41 Additional Contigency (greater of $500/unit or $30,000) 30,000 30,000
42 Other Basis Expense (specify)
43 Other Basis Expense (specify)
44 Rent-up Expense 23,000
45 Other Non-basis Expense (specify)
46 Other Non-basis Expense (specify)
47 Rent up Reserve 13,800
48 Operating Reserve 152,088
49 Other Reserve (specify)
50 Other Reserve (specify)
51 DEVELOPMENT COST (lines 1-49) 7,424,106 0 6,966,955
52 Less Federally Funded Grant
53 Less Disproportionate Standard
54 Less Nonqualified Nonrecourse Financing
55 Less Historic Tax Credit 0
56 TOTAL ELIGIBLE BASIS 6,966,955 0 6,966,955
57 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

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58 Basis Before Boost 6,966,955 0 6,966,955
59 Basis Boost of up to 130% 100.00% 121.00%
60 TOTAL QUALIFIED BASIS 8,430,016 0 8,430,016
61 Tax Credit Rate 3.50 9.00
62 Federal Tax Credits (maximum $1,300,000) 758,701 0 758,701
63 Federal Tax Credits Requested (if less than line 62) 0
64 Land Cost 1,500,000
65 TOTAL REPLACEMENT COST 8,924,106
FEDERAL TAX CREDITS IF AWARDED 758,701
Comments:
Project Development Cost per unit 84,771

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Market Study Information

Please provide a detailed description of the proposed project:
The proposed project, Jarvis Landing, is located in Jarvisburg, NC. The site is on the southern peninsula of
Currituck County and is approximately 8.5 miles from the Wright Memorial Bridge and Dare County. The
parcel is 15.4 acres with roads and water lines already installed. The project proposes to build 23 duplex
buildings resulting in 46 units of affordable housing. The duplexes have been attractively designed to blend
well with the homes in the region as well be energy and resource efficient. The project will be a mix of 2 and
3 bedroom units. Also included in the development will be a community building, playground, laundry
facilities, sidewalks and mulch walking trails, as well as other community amenities. The site will have
abundant open space and natural vegetation with at least 30% of the existing trees preserved.
Construction (check all that apply):
Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches
Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding
Other:
Have you built other tax credit developments that use the same building design as this project?No
If yes, please provide name and address:
Site Amenities:
The club house will include community space for resident meetings and activities, on-site managers office,
resident computer center, screened porch and covered porch, community kitchen, laundry facilities (Energy
Star Certified), and mail boxes. The club house and public amenities are centralized so they will promote
socialization, safety, and walking. A shaded exterior seating area overlooks the fenced playground which is
also visible from the laundry room, computer center, and property manager’s office.
The site will also include a playground with benches and bike racks, a covered picnic area and walking trail.
All apartments have private exterior entrances which creates definable space for each unit while
encouraging interaction among neighbors.
Onsite Activities:
The resdients will have access to tenant counseling, homeownership counseling and training provided by
Outer Banks CDC as the service coordinator. A resident council will be established. The Council will be
assisted to implement a Neighborhood Watch Program and to evaluate other programs that would meet the
needs of the residents. Typical activities could include social gatherings, pot luck dinners, movie night,
game night, etc.

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Landscaping Plans:
Over 30% of the site will remain open space and as many of the existing trees as possible will be
preserved. An undisturbed vegetative buffer will remain along the northern and western property lines. A
mulch walking trail around the site will promote site connectivity, walking, and interaction with nature. A
portion of the walking trail will be handicap accessible.
Foundation plantings and lawns will be installed to soften the façade and provide green space. Drought
tolerant and NC native species will be utilized in the landscaping. Planting will be coordinated with benches
and the playground so public areas will have areas of shade as the trees mature.
Interior Apartment Amenities:

All apartments will include large closets, a pantry, dining area. Large open living areas and bedrooms with
adequate wall space for furniture. The orientation of the windows will provide abundant amounts of natural
lighting in the bedrooms and living spaces.
All units will be Energy Star Certified for energy efficiency. Energy Star rated refrigerators and dishwashers
and washer/dryer connections are provided.
Indoor air quality will be improved through measures including kitchen and bath fans that exhaust to the
exterior, use of low VOC paints and primers, and a tight envelope for the building exterior.
Do you plan to submit additional market data (market study, etc.) that you want considered? Yes
If yes, please make sure to include the additional information in your pre-application packet.

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Applicant's Site Evaluation

Briefly describe your site in each of the following categories:
NEIGHBORHOOD CHARACTERISTICS
Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
Jarvisburg is located on a peninsula at the southern end of Currituck County. The proposed site for Jarvis
Landing is a 15.4 acre site just off of US 158/Caratoke Highway. The project site is 8.5 miles north of the
Wright Memorial Bridge, Kitty Hawk, Dare County, and the beaches of the Outer Banks. This region is
anticipated to be a growth area for the Outer Banks. The project conforms to the land development plan of
the county. The lack of affordable housing options leaves low income residents with limited options for
housing.
Property surrounding site:

• North: The area to the north is residential; the properties in this area are in good repair. Zoning in the area
is R and GB
• South: The area to the South is residential and undeveloped; the properties in this area are in good repair.
Zoning in the area is R.
• East: The area to the east is undeveloped, zoned GB
• West: The area to the west is undeveloped, zoned R
Currituck County’s population and economy have seen sharp growth greater than the state average. Since
July 2000, the population of Currituck County has grown faster (5.2 percent annual average) than all the
counties in the state, except two (Outer Banks Chamber of Commerce website). The counties employment
grew 2.5 percent in 2006. Since November 2000, the Outer Banks economy has experienced an average
annual increase in employment of 4.2 percent, while during the same period the state grew by only 1.3
percent. While Currituck has been affected by the downturn in the national economy, the impact on the
county has been less than in other regions. According to the Employment Security Commission of North
Carolina’s website, Currituck County’s unemployment rate in October 2008 was 5%, which is lower than the
NC unemployment rate for November 2008 of 7.9%, and the US unemployment rate for November 2008 of
6.7%.
While growth has occurred in the region, development of affordable housing has not kept up with the need.
According to NC Association of Realtors, from 2000 to 2005 existing home prices in the Outer Banks
increased 120%. In 2006 the average Currituck resale price was $581,878 with a median price of $380,000,
compared to the average 2006 resale price in North Carolina of $214,948. Affordable housing options are
extremely limited in Currituck County and Dare County. “Because the cost of housing is so high along the
Outer Banks, average citizens such as teachers, policemen, and service workers must commute 60 miles
or more each way in order to find an affordable place to live.” According to the NCHFA website, only one
LIHTC development exists in Currituck County and one in Dare County. The majority of the residential
construction in the region is geared toward tourist and retiree populations. “Housing costs for rental housing
have also increased in recent years….it is important to note that rental housing in general is a small portion
of the overall stock in Dare County and that there is very little non-seasonal/year round rental housing…
there is no apartment sector, per se.” (2005 Dare County Housing Study). Residents are often forced to
choose between long commutes, paying a high portion of their income on rent or choosing to live in
dilapidated housing and trailer homes. The scarcity of developable land and affordable housing options in
Dare County has resulted in residents looking for housing in Currituck County. “The overall quality of life,
and safety on the Outer Banks, is diminished by a lack of affordable housing” (The Albermarle Economic
Development Commission, 2008).

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SURROUNDING LAND USES AND AMENITIES
Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution
facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,
sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. The land use pattern around the site is mostly single family housing.
None of the detrimental land uses noted above are located at or near the site. West of the site is uncleared
with many trees. The property to the east has been divided into lots. Approximately, 50% of the bordering
land has been developed. The Currituck County Planning Board has ruled that the proposed site is
"consistent with the objectives of the Currituck County Unified Development Ordinance and promotes
compatibility between the subject property and surrounding area.” The majority of townships in the county are
unincorporated. The result is that development in the county occurs in pockets of residential and retail/
commercial development. The Jarvis Landing site is located within a pocket of residential development. The
area around the site and much of Currituck County is rural and agricultural in nature with large swathes of
wooded areas. Multiple farms are located within a 10 mile radius of the site including a lavender farm and an
eco organic farm. The site’s location gives wonderful access to locally grown fruits, vegetables, and meats
sold at stands and markets in the area.
SITE SUITABILITY
Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. The project is accessed from Caratoke Highway, a primary four lane state
highway. From Caratoke Highway, turn onto Jarvis Landing Road, a private road maintained by the project. A
stop sign currently exists at the end of Jarvis Landing Road. Once constructed, the project will include
additional traffic safety controls including speed limit signage and speed bumps. Jarvis Landing Road is a cul-
de-sac that will only serve this project so there is no threat of the road seeing increased traffic from cut
through drivers. The road is straight with no impediments related to safety. The units will be visible from
Caratoke Highway; even though the county has requested that much of the natural environment and trees be
preserved. Project signage will be visible from Caratoke Highway. The project has approximately 24 linear
feet of frontage on Caratoke Highway. The site will not be a burden on the local facilities or school system.
The Currituck County Planning Board determined on November 3, 2008 that the approved site plan “will not
exceed the counties ability to provide adequate public facilities.” Jarvisburg Elementary, a brand new school
that opened in 2008, is 1 ½ miles from the site. Currituck County School system has an excellent student to
teacher ratio of approximately 18:1 which is below the state average (Outer Banks Chamber of Commerce
website). Mass transit options are limited in Currituck County as they are in most areas in the eastern portion
of the State. However, the Inter-County Public Transportation Authority (ICPTA) does provide transportation
to residents of Currituck County on an appointment basis. ICPTA’s services are intended to transport the
general public to nutrition sites, medical appointments and other locations, which will allow clients to access
services or attend activities related to daily living while promoting an improved quality of life.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large
boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
There is a modest slope on site that will provide adequate drainage in a controlled manner to roadside
ditches and two stormwater infiltration basins. The Currituck Planning Board noted in their review of the
project’s approved site plan that “Public health and safety issues including stormwater management,
wastewater disposal and access for emergency services have been adequately addressed and developed."
It was also noted that the site is out of the 100 year floodplain. There are no power transmission lines or
towers on the site. According to the Currituck County GIS there are no wetlands on the site.

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

The duplex units designed for site will be in harmony with adjoining and nearby properties. Many of the
surrounding developed sites have large open spaces. In keeping with this tradition, the subject property will
have approximately 50% open space (8 plus acres). The architectural design was influenced by local
design vernacular so that the units will be easily recognizable as having the “Outer Banks look”. The double
front porches and use of hardi-plank siding is typical for the area, while brick is seldom utilized. To someone
casually driving through the neighborhood, the project’s duplexes could easily pass as large single family
homes similar to those in the area. The site’s walking trail that weaves in and out of the tree line not only fits
into the aesthetics of the region but also promotes connectivity and recreation.
For each applicable neighborhood feature, enter distance from project in miles.
4 Grocery Store 1.5 Community/Senior Center
4 Mall/Strip Center 10.2 Hospital
1.5 Outdoor Athletic 4 Pharmacy

Fields
.1 Day Care/After 1.4 Basic Health Care

School
25 Public Transportation
1.5 Schools
Stop
3 Convenience Store 42 Public Parks
3 Gas Station 13.9 Library
Other facilities or services:

Church .1 miles, recycling center 3.9 miles, historic Jarvisburg colored school .2 miles.
Currituck and Dare counties boast a wide variety of outdoor amenities. The following is a representation of
the types of resources available within 35 miles of the site: Outer Banks Center for Wildlife Education,
Currituck Banks National Estuarian Research Reserve (954 acres of beach dunes, shrub forest, marsh and
sound all open to the public with walking trails, 4x4 trails and wild ponies), Corolla Wild Horse Museum,
Currituck Beach Light House, and the Mackay Island National Wildlife Refuge.

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Preliminary App Checklist
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.
Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

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City: Jarvisburg County: Currituck Zip: 27947

Census Tract: 1104 Block Group: 2022

Is project in Qualified Census Tract or Difficult to Develop Area? No

Political Jurisdiction: Currituck County

Jurisdiction City: Currituck Zip: 27917

Jurisdiction Phone: (252)232-2075

Site Latitude: 36.1040

Site Longitude: -75.5147

Project Type: New Construction

Is this project a previously awarded tax credit

New Construction/Adaptive Reuse:

If yes, list names of previous phase(s):

Does a community revitalization plan exist? No

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

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City: Charlotte State: NC Zip: 28204

Alt Phone: (704)342-3316

Email Address: kstilwell@affordablehousinggroup.org

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Total Site Acreage: 15.40 Total Buildable Acreage: 15.40

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No

Are existing buildings on the site currently occupied? No

(b) Will tenant displacement be temporary?

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Purchase Date: Purchase Price:

(D) Enter Purchase Price: 1,500,000

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Is multifamily use permitted?Yes

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Owner Name: Jarvis Landing LLC

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

Org: Jarvis Landing Housing of Currituck Inc.

Phone: (704)968-7202 Fax: (704)376-8709

EMail: kstilwell@affordablehousinggroup.org Nonprofit: No

Org: The Affordable Housing Group of North Carolina, Inc.

Phone: (704)607-9791 Fax: (704)376-8709

EMail: Nonprofit: Yes

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Low Income Units

Total # Monthly Utility Mandatory **Total

Duplex 2 998 16 2 550 85 0 635

Duplex 3 1246 12 2 650 99 0 749

Duplex 2 998 10 1 625 85 0 710

Duplex 3 1246 8 1 700 99 0 799

Utilities included in rents: Water/Sewer Electric Gas Other trash

Employee Units (will add to Low Income Unit total)

Total # Monthly Utility Mandatory **Total

Utilities included in rents: Water/Sewer Electric Gas Other

Market Rate Units

Total # Monthly Utility Mandatory **Total

Utilities included in rents: Water/Sewer Electric Gas Other

All Gross Monthly

Low Income....... 46 6 28450

Proposed number of residential buildings: 23 Maximum number of stories in buildings: 2

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

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Elevators - Number of Elevators:

Square Footage Information

Gross Floor Square Footage: 64,312