2009 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 5:00 PM Richmond, VA Time On May 15, 2009 ‘Tax Exempt Bonds Applications should be received at VADDA at least one month before the bonds are priced (if bonds issued by VDA), or 75 days| ‘before the bonds are issued (if bonds are not issued by VDA) Ving ousng Developmen ony 601 South Belvidere Street VHDA chmod, Vigna 2220-6500 A ine Hon?Low Income Housing Tax Credit Application for Reservation Peseta ing He arn wy sno tn irang Hennepin Vou nS Ey the: i Please ns, ad may ast YADDA a6 determination o te are ell eae eae Tab A: [2 Tob F: [Tob x: Gi Tab Ci tabs: Tab K: 2009 Electronic Copy of the Microsoft Excel Based Application (MANDATORY) Hard Copy of All Application Pages With Signature (MANDATORY) Scanned Copy of the Tax Credit Application with all Attachments (excluding market study and plans & specs) (MANDATORY) '$750 Application Fee (MANDATORY) ‘Documentation of Development Location: Qualified Census Tract Certification Revitalization Area Certification Location Map ‘Surveyor's Certifiction of Proximity To Public Transportation Partnership oF Operating Agreement, including chart of ownership structure with percentage of interests (MANDATORY Virginia State Corporation Commission Certification (MANDATORY) Principal's Previous Participation Certification and Resumé (MANDATORY) [Nonprofit Questionnaire (MANDATORY for points or pool) ‘The following documents need not be submitted unless requested by VHDA: [Nonprofit Article of Incorporation -IRS Documentation of Nonprofit Status -Toint Venture Agreement (if applicable) -For-profit Consulting Agreement (if applicable) Architect's Certitieation (MANDATORY) PHA / Sootion 8 Notification Letter Local CEO Letter Homeownership Plan Site Control Documentation (MANDATORY) Plan of Development Certification Letter Zoning Certification Letter Copies of 8609s To Certify Developer Experience (Reserved) Plans and Specifications and Work Write-Up (MANDATORY) Documentation of Rental Assistance Documentation of Operating Budget Documentation of Project Budget Documentation of Financing Sources (Reserved) ‘Nonprofit or LHA Purchase Option or Right of First Refusal '; Original Attorney's Opinion (MANDATORY) (Reserved) ‘Marketing Plan for units meeting accessibility requirements of HUD section 304 Market Study (MANDATORY- Application will be disqualified if market study not submitted with the application) Submission ChecklistLow-lacome Housing Tax Credit Application For Reservation VEDA TRACKING Number [” 2009-7-059 i ‘General Information ‘te tea Revue at of 196d Dake oF Appicaony A. Development Name and Location: 1, Name of Development “Friendship Village 2. Address of Development 1235 Carver Ave re Gea Virginia Beach vA 23451 (cay Say in Cay ‘1 complete address isnot avilable, provide longitude and latitude coordinates (x,y) from location onsite your surveyor dooms appropiate Tr Documentstion from surveyor attached (TAB A) (Only neosaryIFsreo address or sivetintevsections ave wot aval ‘(Coordinates should be the same as thas Iisted on pg 13, applicable) 4, The Circuit Court Clerk’ office in which the deed 1 the property sor wl be recorded CiyiCounty of Virginia Beach Ciy (Ge: Richmond City, Chesterfield County: see application manos!) 5. Boet the site overt one or more jursdiclonal Boundaries? (yes Gl No If yes, what ether CityCounty isthe site located in besides the one mentioned above? 6, Is the development located in a Metropolitan Statistical Area? TaYes (J No 7. Census Trac the development is located in 2 Is this a Qualified Census Tract © Yes No (tyes, atach requted form in TAB A) Is the development located ina revitalization aren? 10, isthe development an existing RD ce HUD $8236 development? —_(E]_ Yes) No (yes, attach required form in TABQ) ‘te: If there san ety of terest benwen the applicant andthe elie this proposal, an te applies seeking pont in ‘his cetegory, ten the applicant mi either wave thelr tgh othe developer fe or other fees associated with sequsiton andor sth development lcted ine Difco Development Are? 8 TY Yes No (yes tach quired for in TAB A) rehabilitation, or obtain «waiver ofthis requirement fom VEDA peor oeplisstion submission o restive these point Applicant agrees to waive allright to any developer's fee or ‘other fes associated with acquisition and/or rebab, Ove 2 wa Applicant hes obtained 2 waiver ofthis requirement fom VIDA, prior tothe aplication submission deine, Oe Gok 11, Isthe development located ina census tact wih 2 poverty te <10%4 with no tax credit units curently present? Des No 12, _Isthe development iste on the RD 515 Rehabilitation Priority List? Oye No 13. Congressional District 2d eterna eDEaee Tab! Planning District i based es oesPOCAn State Senate District tia atc ee State House District, BI ett sa anearotoicntnescast ah 14, @ Location Map Attacbed (TAB A) Project Description: Inthe space provided below, give w bref description ofthe proposed projec [The project isan existing affordable family development with 109 units, The project was orignally developed in 1969 under the FHIA 221(@¥3) loan program and bas a Section & HAP contract on all units. The project was rehabilitated by the current general partner, Comunity Housing Partners Corp (*CHPC"), a non-profit housing developer. The rehab was fanded by an allocation of LONTC in 1992 and is now out ofits 15 year |compliance period. CHPC will be aco-generalpariner with Atlante Development LLC, a for-profit affordable housing developer, Despite the rhabiletion done in 1992, the project sin dite need of repairs, improvements ani modernization. Itserves arg families by vctue ot tree, four and five bedroom units. Consequently, wear an tat i greater than normal asa result of serving lege families, To effectively serve larger families, it needs upgrades such as multiple baths i the larger unis, an upgraded community room, and nsw playground equipement. Further, many short-lived building components, such as roofs, windows, HVAC, appliances etc. ate fntionally obsolete and need replacement. Irhese older components are very ineffeent as compared to current, and we will also be using Enerey Star rated appliance, HVAC systems, hot |water heaters, and windows. We plan to obtain Eartheaft ectificaton onthe rehabilitation. These changes will result in vastly lower wiity costs, most of which are pai by residents, NOTE: Largor 4 bedroom units listed on page 1S are actually 3 bedroom unis 2000 Page LLow Income Housing Tax Credit Application For Reservation C._ Resorvation Request | Total annual credit amount request (Must be the same as Part IX-D8) $974,993 2. Credits requested fom: 9% Credits Cl Nonprofit Set-Aside (All nonprofit owned developments which meet tests ‘work is "placed in service” in 2010 or 2011), 3. Federal Subsidies 1 The development will not recive federal subsidies. This development will receive federal subsidies for: al buildings or some buildines. 2000 Page?Low-Income Housing Tax Credit Application For Reservation E, Acquisition Credit Information [NOTE: Ino eredits are being requested for existing buildings being acquired forthe development, so indicate and go on to Part F. (i No Acquisition Ten-Year Rule For Acquisition Credits All buildings satisfy the 10-year look-back rule of RC Section 42(€)(2)(B), including the 10% basis/S15,000.00 rchab costs ($10,000 for Tax Exempt Bonds) per unit requirement, (1 AN buildings qualify for an exception to the 10-year rule under IRC Seetion 42(8)2\D\(), Subseetion (1, a Subsection() =O Subsection (i) = Subsection (IV) Subsection (VY) (A waiver of the 10-year rule forall buildings has been or wll be requested fom the Department ofthe Treasury pursuant to IRC Section 42(€(6\B) (0 Diifferent circumstances for different buildings: Attach a separate sheet and explain for each building. F. Rehabilitation Credit Information [NOTE: Ino ores are being requested for rchabiltation expenditures, so indicate and go Jon to Section IL C1 No Rehabilitation ‘Minimum Expenditure Requirements [All buildings in the development satisfy the rehab costs per unit requirement of IRC Section 42(e)G MAGI). All buildings in the development qualify for the IRC Section 42(23)(B) exception to the 10% basis requirement (4% credit only), Oo [_Allbuildings in the development qualify for the IRC Section 42((5)(B\ii)(I) exception. o Different circumstances for different buildings. Attach a separate sheet and explain for each building, 2008 Page 3Low-Income Housing Tax Credit Application For Reservation H,_OWNERSHIP INFORMATION TTR VAD way eae al yo Be phe HRY WN op a ec cain The wo “Oena™” bin loa Wa Sn Pass Ae eof tem Tie ome cy ate alpen is appaton. Any tart, deo lof prerip es ecp o iveling Ge nisin it pcr) pert te ica seni ate pote devine mt ein, ner tert cose oy VEDA Ins cleasttan. IMPORTANT Tat Ovne he ge ut at xy vor eae Tinted one Virgina State Corporation Common Certeati ais Pail oy oa A. Owner Information: Name Virginia Beach-Friendship Village LLC Contact Person First: Orlando Middle: Last: Artze Address _100 W. Franklin Street, Suite 300 Beat Richmond VA 23220 (ay Cay Tip Codey Federal D. No. TBD (IEnot available, obtain prior to Allocation) Phone | 804343-700T ———Fax 80-35-7208 Email address [email protected] ‘Type of enti: Limited Partnership (Other Limited Liability Company O Individualts) D_ Corporation ‘Owner's organizational documents (@g, Partnership agreements) attached (Mandatory TAB B) [G) Certitication srom Virginia State Corporation Commission attached (Mandatory TAB C) Principal(s) involved (e.g, general partners, LLC members, controlling shareholders, et): Names ** Phone Type Ownership % Ownership Virginia Beach Development Associates, LL 804-343-7201 _ Sole & Managing Mana 100.00% Frienhip Vilagel bec ROESISTIOT— G19) Managing Mem nia, “Goat Sole and Manag wa ‘Community Housing Partners Corporation 804-343-7201 fanag wa, “Tanaka Casper (04-343-7201 ef Executive Officer wie lantic Developnient, LLC 0T-A6T-RIBV (09.99%) Member of OC wie Drew T. Fitch DOT-ABTEI30_ (29.4%) Individually of wa, T. Greg Tullock 2O-A67-EI30 19.6%) Individually of wa 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 arate partnerships or corporations which may. nponents. ) Principals’ Previous Participation Certification attached (Mandatory TAB D), resumé, & ownership structure chart. B. Seller Information: 2009 Name Friendship Village Limited Partnership Contact Person Orlando Artze Address” T00 W. Frankiin Street, Suite 300 Richmond, Phone UES TIOT Is there an identity of interest between the seller and owner/applicant? [Yes C] No tyes, complete the following: Principal(s) involved (e.g. general partners, controlling sharcholders, etc.) Names Phone Type Ownership % Ownership Community Housing Pertners Corporation __804-343-7201__ General Partner 1.00% 0.00% 0.00% of 0.00% Page +Low-Income Housing Tax Credit Application For Reservation c. Development Team Information: ‘Complete the following as applicable to your development team, 1 Tax Attomey: Johnson Kannady Related Entity? C) Yes EZ No Firm Name: Kannady & Quinn PO Address 130 Glen Forest Dr, Suite 120, Richmond, WA 23226 Phone: 804-282-8494 Fax: 804 282-8456 2. Tex Accountant: Mike Vicars Related Entity? 0) Yes Firm Name: ‘Dooley & Vicar Address: TS. Shepard Street, Richmond VA 23221 Phone: 804-355-2808 Fax: 804-359-3897 3. Consultant: Related Entity? 1] Yes] No Firm Name: Role: Address: Phone: ext 4, Management Entity (Contact): Scott Reithel Related Entity? — Yes J) No Firm Name: Community Housing Parties Address: 00 W- Franklin St, Richmond, VA 23229 Phone: 804-343-7201 Fax: 804-345-7208 5. Contractor (Contact): ‘Todd Peacock Related Entity? Yes (1 No Firm Name: Corimunity Housing Partners Address: 930 Canbria StNE, Christiansburg, VA 2407. Phone: 540-382-2002 Fax: $40-381-8270 6. Architect: Colin Armold Related Entity? Yes C1 No Firm Name: “Community Design Stadio, DDC Address: ‘930 Canbria StNE, Christiansburg, VA 24073 Phone: 540-382-2002, Fax: 340-381-8270, 7. Real Estate Attorney: Johnson Kannady Related Entity? 1 Yes No Firm Name: fy & Quinn. Address: 7130 Glen Forest Dr, Suife 120, Richitiond, VA Phone: 804-282-8494 Fax: 304-282-8496 8. Mortgage Banker: Bennett Atwell Related Entity? (1 Yes EI No Firm Name: “VADA Address: GOS. Belvedere Street, Richmond, VA 73220 Phone: 804-343-5768 Fax: BOFTSS6TAT 9. Other (Contact Related Entity? 2) Yes @) No Firm Name: Role: Address a Phone: Fax: 2009 Page 5Low-Income Housing ax Credit Application For Reservatio D. Nonprofit Involvement: (Apolcaions For 99s Credits Mat be vompleed i ord to computa ln tho noavol wx ordi pol [ail Applicanie- Must be completed for points for nonprofit involvement under the ranking system, “Tax Credit Nonprofit Pool Applicants: To quai for the nonprofit pool, n organization described in IKC Section 501 (10) 0501 (©(4) and exempt fom taxation under IRC Section $01 (a), whos purposes inchuethe fostering of low-income hosing: Mast “mately part” the development ard operation ofthe project trohout the compliance ped, Maton all sera patna the dveapment ust ot be aflate wid contol a fo prot erganiaon Mast nate xn fed fo the pisipal parece of competion nthe nonprofit pol end Matt nathave ny 8S member, or member ofthe nopeoits boar of cece mtealy part in he propel post sa forgot ey All Applicants: To qualify for points under he ranking system, the nonproi’s involvement need not netesaily sets al ofthe requirements fr participation inthe noaprofit ak ered pool 1. Nonprofit nvolvement (Ail Applicans) If here is no aonprofitinvolverient inthis development, plas indicate by checking hrs: Dan go ont pare 2, Mandatory Questionaire Ifthe is nonprofit involvement, you must complete the Non-rotit Questionnaire ‘Questionnaire atzched (Mandatory TAB I) ofinvoverent [Nonprofi messelighiliy requirement fr points only, not pool or [Ei Nonprofit meets eligibility requirements for nonprfepool an pols, 4. Went of Nonprofit (All nonprofit applicants) ‘The nonprofit organization involved i this development is: sie owner [the Applicant (it itfrent fom Owner) Dotter Community Housing Partners Coportion Cae oA nando Are 100 W Franklin Steet, Suite 390 Cot IY ea es) Richmond va 73229 Ca any Casey 504-343-7201 804-543-7208 Fee oy 5. Percentage of Nonprofit Ownership (AI nonprofit applicants) Specity the nonprofit ents percentage ownership ofthe general partership intrest 2009 Page 6 51.0%Low-Income Housing Tax Credit Application For Reservation Ill, DEVELOPMENT INFORMATION A. Structure and Units: 1. Total number of all units in development 109 Yotal number ot rental units in development TT bedrooms 301 Number of low-income rental units 109 bedrooms “30 Percentage of rental units designated low-income —T00.00% 2. The development's structural teatures are (check alt that apply): Row House/Townhiouse [J Detached Single-family Garden Apartments Detached Two-family Slab on Grade G_ Basement Crawl space Age of Structure: 40 Elevator ‘Number of stories: 2 3. Number of new units 0 bedrooms 0 ‘Number of adaptive reuse units TT bedrooms ———T Number of rehab units TF bedrooms ——30T 4, Total Floor Area For The Entire Development 107,091.43 is 5. Unheated Iloor Area (Breezeways, Balconies, Storage) 2,698.19 an) 6. Nonresidential Commercial Floor Area 0.00 ee) (Not eligible for funding) eee 7. Total Usable Residential Heated Area 104,393.24 aoe 8. Number of Buildings (containing rental units) 20 9. Commercial Area Intended Use: 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) C)_ Mid-Rise (5-7 stories with no structural elements made of wood) (1 High-Rise (8 or more stories with no structural elements made of wood) B. Building Systems: Please describe each of the following in the space provided. Community Facilities: Communty room with Neighboshood Networks computer center, playground, on-site office Exterior Finish: Brick and Vinyl Heating/AC System: Split system electric heat pump Architectural Style: 2 story garden and townhouse 2009 Page 7Low-Income Housing Tax Credit Application For Reservation CG Amenities: 1. Specify the average size per unit type: (Including pro rata share of heated common area) Assisted Lvg 0,00 SF 1Bdrm Bld 0.00 SF 3-Bdrm Gar 0.00 SE 1-Syy-EMREd —————O00SF 2BdmEld OOF 4-Bdnm Gar 1,075.39 SF L-Sty IBR-Elé 0.00 SF EfGar_|=— 0.00 SF 2-Bdrm TH 910.53 SF L-Sty 2BR-Eld —————~O.00SF —1-Bdrm Gar. 683.35 SF 3-Bdm TH S9RAT SF BIFEI ———DO0 SF Bdrm Gar, 000 SF 4-Bérm TH 0 SF 2. Total gross usable, heated square feet for the entire project less nonresidential commercial area: 104,393.24 [Documentation attached (AB F) Mandatory a NOTE: All developments must meet VHDA's Minimum Design and Construction Requirements. By signing and subroitting 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 fulfil these requirements. 3. Cheek the following items which apply to the proposed project: Documentation attached (TAB F Architect Certification) Mandatory For any project, upon completion of construetion/rehabilitation: (Optional Point items) 100% a(1) Percentage of 2-bedroom units that have 1.5 bathrooms 90% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms a ». 64% c. Ba Be Bt. a s ab @ i Bi 2009 A community/meeting room with a minimum of 749 square feet is provided Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows) All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements All windows meet the EPA's Energy Star qualified program requirements Every unit in the development is heated and air conditioned with either i) heat pump units with both a ‘SEER rating of 14.0 or more and a HSPF rating of 8.2 or more and a variable speed air handling unit (for through- the-wall heat pump equipment that has an EER rating of 11.0 or more), ot (ii) air conditioning units with a SEER rating of 14.0 or more and a variable speed air handling unit, combined with gas furnaces with an AFUE rating of 90% or more ‘Water expense is sub-metered (the tenant will pay monthly or bi-monthly bill) Bach bathroom consists only of low-flow faucets (2.2 gpm max.) and showerheads (2.5gpm max.) Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice. All water heaters meet the EPA’s Energy Star qualified program requirements, Page 8Low Income Housing Tax Credit Applicat For Reservation For all projects exclusively serving elderly and/or handicapped tenants, upon completion of construction/rehabilitation: (Optional Point items) (1 & —Alltcooking ranges will have front controls [> Allunits will have an emergency call system [1 c. All athrooms will have an independent or supplemental hest source [1 &llentrance 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) a The structure is listed individually in the National Register of Historic Places or is Jocated in a registered historic district and certified by the Secretary of the Interior as being of historical significance tothe district, andthe 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 pomt calegones, as appropriate: For any non-elderiy propery in which the greater ofS or 10% ofthe unit () provide federal project-based rent subsidies or ‘equivalent assistance in order to ensure occupancy by extremely low-income persons; ji) conform to HUD regulations imerpreting accessibility requirements of section 504 ofthe Rehabilitation Act; and (i) are actively marketed to people with special needs in accordance with a plan submitted as part ofthe Application. (ispetial needs include mobility impairments the units deseribed above must inelude roll-in showers end roll under sinks and front controls for ranges), [)—__Forany non-elderly property in which the greater of Sor 10% of the units (i) have rents within HUD's Housing Choice Voucher (“HCV") payment standard; (ji) conform to HUD regulations interpreting accessibility requirements of section SD$ of the Rehabilitation Act; and (i) are actively marketed to people with mobility impsirments, including HCV holders, in accordance with a plan submitted as part the Application, (For any non-elderly property in which atleast four percent (4%6) ofthe units conform to HUD regulations interpreting ‘accessibility requirements of section S04 ofthe Rehabilitation Act and are actively marketed to people with mobility impeirments in accordance witha plan submitted as part of the Application Eartheraft or LEED Development Certification Applicant agrees to obtain Bartheraft or LEED certification prior to issuance of IRS Form 8609. Architect ‘cerifies inthe Architect Certification thatthe development’s design will meet the criteria for such certification. [2) Yes- Bartheratt Ly) Yes-L&ED If Yes to either, attach appropriate documentation at TAB F LEED Accredited Design Team Member ‘One or more members of the design team is a LEED accredited professional, No 11 Yes, attach appropriate documentation at'TAB & LUmiversal Design - Units Meeting Universal Design Standards a. The architect of record certifies that units will be constructed to meet VHDDA's Universal Design standards. D Yes [I No If Yes, attach appropriate decumentation at TAB ¥ », Number of Rental Units constructed to meet VHDA's Universal Design standards; Units 10% VEDA Certified Property Management Agent Owner agrees to use a VHDA Certified Property Management Agent to manage the property. Yes G No Dyes No N/A The market-rate units’ amenities are substantially equivalent to those of the low-income units. Ifno, explain differences: 2009 Page9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 Iarking system, [Note Ta one To aualify for any tax ard development mist moet one of fw enzimurathesholdcesapancy texts, iter (at least 29% of the wi) |nust be entered and oosupied by percns whose incomes are 30% or Iss ofthe area median income adjusted far fuily size (isi sled the 20/50) esto Gi at leas 409% ofthe units must be retested and occupied by persons whose incomes ace 60% or les ofthe area median income sjsted amily sie hi Is called the 40,60 tes), ll as deseibed in Section 42 ofthe IRC. Rent-ad income-restcted units are known at low-income units. If 04 Ive more low-income units then required, you qf for mote eres, Ifyou gerve ower incemes than required, you receive more points under the] Units Provided Per Household Type: Income Levels” Rent Levels [F of Units % of Units [fot Units % of Units 0.00% 40% Area Median in 10.09% 40% Arca Median [108 50% Atea Median [35 B95, 50% Area Median — 60% Area Median [0 TOO 60% Area Median po Non-LMI Units [= 0.00% Non-LMI Units low Total 1TH. _ Total B, Special Housing Needs/Leasing Preference: 1. 1 100% of the low-income units will be occupied by either or both of the following special needs ‘proups as defined by the United States Fair Housing Act, so indicate: O Yes Oi Yes Elderly (age 55 or above) 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: 59. Number of units 54%. 3. Ifthe development has existing tenants, VDA policy requires thatthe impact of economic andor physical displacement on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation Guidelines for LINC. properties. 4, If leasing preference will be given to applicants on public housing waiting list and/or Section & ‘waiting list, so indicate: Yes DB No 1 Locatty nas no such waiting list; Ifyes, provide th following information: ‘Organization which holds such waiting lst: Contact person (Name and Title) Phone Number 157-385-5750 ‘Required documentation attached (TAB H) 5. {fleasing preference will be given to individuals and families with children, (Less than or equal to 20% of the units must have of 1 or less bedrooms). Bl Yes No 2009 of total low-income units City of Virginia Beach Housing and Neighborhood Preservation Sak yer Hg A ate cree eeac sesame Page 10Low-Income Housing Tax Credit Application For Reservation V.__ LOCAL NEEDS AND SUPPORT Provide the name and the address ofthe chit exceutive officer (City Manager, Town Manager, or County Administrator) of the political jurisdiction ia which the development will be located: Chief Executive Office's Name William D. Sessoms, J Chiet Executive Office's Tile ‘Mayor z Street Address 2401 Courthouse Cr, Municipal Center Balding 1 Phone (51) 3854581 City Virginia Beach ‘Stave Virgina Zip “T3856 [Name and ttle of local offical you have discussed this project with who could answer questions forthe local CEO: Sharon Prescott © Letter from CEO atached (TAB) TCO Teter to bs sable separately by have T, 2008 ‘VHA notification letar to CEO submitted prior to 5:00 PM 3/5/09: (99% competitive credits only) Ifthe property overlaps another jurisdiction please fill n the following: Chief Executive Officer's Name Chief Executive Office's Tile Street Address Phone iy Sree me eaerereELEaSEaPERECELTT EE) ee [Name and title of loca offical you have discussed this project with who could answer questions forthe local CEO: Letter fros CEO stashed (TABT) TY CED Teter a Be a Sepa By Tae T, TOOT ‘VEDA notification letter to CEO submitted priar to 5:00 PM 3/5/09: (9% competitive credits only) O) Yes (] No B. Project Schedule ACTUAL OR NAME OF ACTIVITY ANTICIPATED PERSON DATE RESPONSIBLE. Option Contract Drew itch Sie Acquisition [Dre Fe Zoning Approval Sis Plan Approval ‘Financing Ee a ‘AL Construction Loan Be a Loan Application Drew Fach [Drew Fash [Drew Fitch Conditional Comniinent Fam Commitment Permanent Loan “Firs Liew ‘Loan Application Cendiinel Comment Fim Coomiment EPermnanent Loan-Secund Lien lbrew Fitch Drew Fick sew Frek [Drew Fitch Loan Application Condicnal Conant [Drew Fitch Fim Comment [Drew Fish Be Other Loans & Grants 5 ‘Type & Source, List bone tin Hen tn Henry [Orlando Ares Dot He [coin Amoid| (Goin Amol [Todd Peacock [Scot Rail [Toda reacock soot Reiiet etn He 2009 Page TT Formation of Owner TRS Approval of Nonprofi Satu ‘Gosing nd Transfer of Properiy 0 Owner Plans and Specifications, Working Drawings Tulding Permit sued by Local Goverament ‘Start Construction Begin Lease-up ‘Compete ConstructionLow-Income Housing Tax Credit Application For Reservati “7],_SITE CONTROL [Rater ‘Sie contol by the Ones Mentied herein Is a mandaion)prosondlion of review of thie applienion, Dosonenary evidence of] fn the focm of ether «dood, option, purchase contract, or lsee fr aterm longer than the pecod of te the property wil be subjest | Joccupency restictions must be inclided herewith. (8% Competitive Credits » An option or contract must extend beyond the| lapplication deadline by’ minimum of four months) lwarning: Site cont an entity other than the Owner, ven fit is closely related party isnot sufiient. Anticipate future raster [io the Owner ae not suficient. The Owner, as Mentiied in Subpart H-A, must have site control atthe time this Applicaton is omited INOTE: trthe Owner receives a reservation of ered, the property must be tiled in the mame of or leased by (pursuant to a lng-tem| ease) the Owner before the allocation of rei i made this year. |consac us before you submit this application iu have ay question about his requiem A. Type of Site Control by Owner: Applicant controls se by (sleet one and attach document - Mandatory TAB K) I Deed attached £3 Longsterm Lease ~ attached (expiration date: ) (D Option- attached (expiration dat: ) Purchase Contract- attached (expmtion date: sitio ) {if more than one site for the development and more than one form of site control, please so indicate 2 and attach a separate sheet specifying each site, namber of existing buildings onthe sie, if any, ‘ype of control of each site, and epplicable expiration date of form of site contro. A site control document is required foreach ste. B. Timing of Acquisition by Owner: Scleet 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 ‘vill be subject to occupancy restrictions) no later than 11/05/09__(must be prior to November 6, 2009) I 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 onthe site if any, and expected date of acquisition of each site by the Owner. ©. Market Study Data Obtain the following information from the Mavket Study conducted in connection with this tax ered application and enter below: Projeet Wide Capture Rate ~ LIATC Units 28.00% Projest Wide Capture Rete - Market Units Project Wide Capture Rate ~ All Units 26.00% Projest Wide Absorption Period (Months) 10 2009 Page 12Low-Income Housing Tax Credit Application For Reservation B 1, Bato are oft in ares son 2. Has fcaity approved a Sal se plan or plan of development? 1D Required documentation form attached (TAB) 5, sit property zoned fe the proposed developrnent? El ¥es CINo ‘Required docamentation form attached (TAB M) 4, Willtho propos sek to gulf for points associated with peoximity to public ansporation? Yee No Required documentation form attached (TAB A) Photographs Include photographs ofthe ite and any existing structs) TAM Q. Kor renbitation projects, provide Inrirplctues which document the necessity of the proposed work Plans and Specieations ‘Minimum submission requirements for al prop ies (new construction, rehabilitation and adaptive rese) 1. A location map with property cles defined 2, Skat plan ofthe site showing overall dimension of mein building), major site eerents (Ge, patkng lots and location of existing vltes and water, sewer, let 8 the stone adjacent fo hese). Contour Tins and elevation te not require. ‘Skeich plans of msi bllngs) eletingoveral dimensions of “Typed for plant) showing aparanent types and placement ', Ground for plans) showing common areas; «Sketch lor plan() of typical dwelig wits); Typical wall sion) showing focting, foundation, wall nd Noor structure [Notes mast indicat basic matoriain tuctare, Hoo nd exttior fins, In addition: required documentation for rehabili tion properties A univ byanit work write-up, Plan and spcificationsoic-by-nie work writeup atached (TAB P) ot Plans and speciiatonsuit-by-unit work write submited separately 2009 Page 13Low-Income Housing Tax Credit Application For Reservation VU._OPERATING BUDGET AL Rental Assistance 1. Do or will any Jon-income units recelve rental assistance? Yer Gono 2. ifyes, indicate type of rental assistance: Section 8 New Construction Substantial Rehabilitation D1 Section 8 Moderate Rebebiltstion 1D Seaton 8 Centifieates Zl Section 8 Projet Based Assistance Cr RD S15 Rental Assistance Section 8 Vouchers state assistance 1 otter: 3. Number of tnits receiving assistance 109 [Number of years in renal assistance contract: i piration date of contract: 05/0109 ‘Contract or other agreement aached (TAB Q) B. Utilities 1. Monthly Utility Allowance Caloulatons ou es okey retin foe he ate [ne ee ee 7a a a a farming |e Joon q q q oi 4 [eae cs Joma Laem q J q 4 4 oo leew ao 4 J q 4 foreaee [ow lowe Jean q ‘| q Free = a = q q Fens [nbc [co a | oi 4 Fra [pe ajo Efrem q | 4 q t Tealaiy sean arora ls ra a Ea 2, Source of Utility Allowance Calculation (Attach Documentation TAB Q) @ wp OUiility Company (Estimate) Local PHA (O_Uilility Company (Actual Survey) C1 other: 2009 Page 16Low-Income Housing Tax Credit Application For Reservation Revenve Inve he etna ently nome the Lapacome Us Taal Nanerof Tx Ce Une Phe Oe nore Soe (0 Aa gine Total Monthy eae: Twelve Monts | uals Ana! Grose Potential came Ls Vacancy Allowance (29%) ‘EqulsAnnvalEective Gross lsome (HGT)~ Law Faso Unis + Beginning at How 75 eter the appropriate dt Tat emieroP UnieType Sax Godt Unis eng Uae € | aor Units 0 2 Bedroom Unie o 2 Baio Unie 30 ‘Betroan Onis 2» Sey Rest inane 3 480 4000 29610 2751 sigs ‘Sur aise for bot ste ap market ate wnltsin the ylow shaded el 2 cathe earned monly come forth Machete Unis: oat waaterot Teal oi ait Met Unis eral cae iene Une 7 1 Bedoom Unie 0 2 Bedroom Unite ° {Bedroom Uni ° Te Naber of Nk Ui eum Plas Oe Sone Sou its » nls Tot! Moth nce ‘= weve Menthe co se Atl Grose Pte noms es {as Vacney Allowance (__om a o Equals Annual fevtve Gros lacome (EGI)- Market Rats Vat 5 © Documentation in Sepport of Operating Bude tached (TAB R) List umber af ants by “TOTAL UNITS ean ne [eras] semen ]]_ seem ara] reomrae] TEREPES |] santa [[Teraaeaio] nove rioete sem ener ae nomter eis ate ci 2 ems gery West yn ae one 8 deserabe at 4486 st amber of unis by type:_TAX CREDIT UNITS a c ts < = 2 a 0 ‘UntTpe fanatic —umberUnie Sanat arnt erctr-40% oo ae : firey 4% oo are : Page 15z z : : 3. = : o = : : 2 + 3 : 3 é + a = + : t = : q t : 7 t B $ 7 a s 3 q z : : € s 3 ¢ 5 3 z TE : e $00 : a 2008 ¢ 7 z oo fe : : a oof 5 7 @ oe I5 5 : @ ao I | 3 : 7° oo 18 5 ° aos fF 5 7 a e005 5 : 3 00 : 7 ¢ 006 : : n e008 : 7 z 300-8 ‘ z oe fe : : cen) ® oo {5 : : sen 20 a a0 IF : : Een ® to fF 3 nce 84 a eof . cane -80% n e005 : : Etiony 8% 2 00] [5 3 : eng 2 e001 5 5 : sens 07% a 3008 5 : sere -0O" 3 200] | : : cen 0 ° on 5 : ey 20 a co If $ : ney 2 ° too [5 $ feng em 2 a9 [5 : : cen 00% 2 09 LF + tec: ° 200 Trace tconey-Maet TE a : : ome Marat [0 oar fs $ 7 enomey tat [0 300 TF : : Etieney-tanet [_—O ao TS 3 : toe Maiat [0 too 5 5 tnnoy-Matet [8 to : : Rceney-Maket [0 e005 : : heeney tet [0 $005 : : Efoeny Mirtt [0 00 [ 8 5 erecney Mort [8 oa fs : srewey-tenet [0 oo [8 3 excenoy Mert [0 360] 8 3 7 txceray-uortet [ oo [5 s exeeray-wenet [o ooo [3s : feenay-tmiet [8 oo : meetin ° 200 Teta Monty ste Hatt Rt To Unt: . ten tert 8 : a a fit Retiae Monty Re “oe Page 1512009 4 R-trtet 1 eR-ttanat + eR toot 4 eR iret 4 9R- Monat SOR eMart 4 0R Marat 1 BR Marat 3 o ° © © © 2 200, ‘00 ‘200 ‘00 om ‘008 ‘00 ‘00 ‘00 ‘00 ‘000 ‘000 ‘00 ‘00 ‘00 s77686 ‘00 200. 2a ‘00 ‘00 ‘00 ‘00 00 00 = 5 5 £ S 5 S $ = 5 © 5 5 5 Toul ont ‘ott Monty zene ass Prge 152009 ‘HOR Wackat Rent ost vane: ” Touttonnet $7090 pi a ea ‘erReabe Mey Rest “at ut Tauea meri Smee acon as onto z mmf + om Bonk n ono [6 : ‘ bo 40% a oa fs $ : zeae n on | + 7 pene = a0 Is $ 20n-20% = one 5 2oR-40% 2 a0 fs : 29R-40% ° a0] ‘ - 240% 2 200 [5 : : 240% a a0. fs ¢ : 2-4 3. 200] 5 : a 208-408 a 200. —][ $ : bona @ 00 ]{¥ : : ben aon @ 300 [= + 7 pumas D 30048 5 : aen-so% = mae saw aes 2 a0 fs 5 2en-so% 2 a0 : : eno 2 eo 3 2en-s0% a eof 5 : 2en-20% n eof : : 20-8 a 300 ][ : : 20n-o% 3 3005 3 : 20R-8o% 3 300 || 5 : 2en-20m a 00 —1[5 s > 20R-80% 2. a0] 8 ® : bon-o0% 2 cos fs + 208-508 2 a0 {5 5 : eR. sm 2 to : : pens 2 ooo IL : é 20n-co% 3 to] E : : aan. 3 tof : : anon a eo. {5 $ 7 2a 6% n 00 [5 $ : pan. a eof 3 : pane ° a0 [8 3 7 boners ° to Ts 3 zon-con © a0 |e 3 aon eo% © a0] : 2on-008 . a0 $ 2ak-co% o 00 TS 5 : Banc 2 00] + 20R-c0% © a0] 5 : oncom ° 200 [5 : 2uR0O% @ 20015 raat) pore “earactiv Ea recent te © soaseo “tment 24900 aa ‘ 308 : : a0 : , a8 : : 00 : : 09 : 300 : : 300 § : B00 5 : Page 15209 20a -Mrtet 20R- Mente, 2BR- Maret 28R- arte, a ‘00 0 900 eta Moy £ 5 3 8R- 40% 3BR-40% 36R-a0% Sena 2 0R-40% 28R 40%, BBR BER0% BBR 3 BR-40% 38R-40% 2R-60% BER 0% aR 80% 3eR- 20% 3OR-cO% 3BR-com SBR-c0% S6R-50% seR-s0% BRE spR-60% SBR-60% 3BR-60% 3BR-6O% 3BR-c0% 2BR-co% 28R-808, eRe 2eR-o0m 3BR- 66 3BR- com BBR. 60% 39R-60% 8 ‘00 ‘00 ‘009 ‘009 ma ‘00 ‘00 00 ‘00 ‘O00 ‘000 ‘00 000 ocd. ba 20 cc ‘00 308 ‘0 ‘300 ‘00 ‘200 260. agri Page 152009 38R- Marat 7 z : : DBR tet ‘00 5 5 6 Mat 00 s 5 7 SOR-Mocet 00 5 5 7 SBR Meret 00 5 5 : SBR-Martet 200 5 8 : 30R-Neret 8 = 8 : 3 aR-Manet 08 ¥ 5 2 BR-Manet oo = s 7 38R- Maret ‘00 5 s : 2 8R- tate, 000 § 5 é ‘3R-Matat ‘00 5 5 7 ‘3 R- Met 00 s 8 SBR-Miket 0 © 8 SBR -Mertel 0 s 5 rene: . co ‘Toms ont eRteaot nt ot 8 Ute ~ vounsernent $2060 eae as Teelin Number Unie Sau Feet ut Monti Bo 4aR-40%, wise 5 228 4 oR -40% 00428 5 sa “aR 40% 00 5 4B 40% ‘00 5 : ABR AON ‘00 8 : BR AO ‘0 8 : eR 40% 9.00 5 : BR-40% 3.00 ’ oR 40% 0.00 5 : AOR AO ‘oon 5 : 48k 405, ‘300 s ABR 40% ‘00 s 7 BRA 00 s : BR 40% ‘00 5 7 ORO ‘000 s : p50 a ws : +88 6k 20% ms a7 a) ABR 20%, 6 cx 5 ee 49R- £05 o 5403 5 1 sR-s0% 2 15442 5 08 ABR 6% 2 ‘00 5 : BR 50% a ‘00 5 : BR -s0% o ‘00 8 7 eoR-s0% ° 00 s ‘eaR-e0% ° ‘00 3 oR e0% © 00 5 aR eo © ‘00 4 : BRO 2 oo ’ BR 60% © ‘00 ‘ : 4 0R- 50% 2 900 5 : 4 88-60% a 5 aR 6% © ‘ 48-00% @ 5 49R- 00% « 5 40R-c0% e s ABR 60K e s 498-005 2 5 Rea @ 5 4 R008 2 5 Page 1548-00% 08-60%, 48-60% 48R-60% on uae 40R- Wart 49R Mor “cen Marat 4BR- Maret ABR Mie ABR Meet 8 ° ° a o 2 2 o 00 000, a0. oe ‘00 ‘00 ‘00 ‘00 Taaiiorb 68 TexcrestRent $ _SR6t enon ! ‘opleunnent _§ 32751 ents says ‘Toma aF aera | For Space Facion am Page 15Low-Income Housing Tax Credit Application For Reservation D. __ Operating Expenses Adie Mktg +. Office Supls 1 esol Apart pe) 5. Manaanert Fee ase of se04seoes __PerUat fe ete erent 1. Saf Uap") 5 Lan! 2 aaitng 10, Bolbering/Acong Fes 1H, Teepe Anwaring Some 12. Tax Cth Montes Fee 15, Milieu Adrstte “Teta Adina 14. Fado 15. Beary i Gan ‘eta Ustiy ‘M.ICheing Sep 27 StCleaing Comet 73. Tash Removal 2. Sey PeollCoorst 25 Gowns Pyrat 2 Groene Spies Fr Gots Comat 19, Repeal 5 RepuieCout 3, ler Maine 32 Hiang Coking Rapa Maitre 52, Pol MaionetConrct™ 35, Decoteig Pallant 36, Deseret Supe Operating Maintenance Tote 39a Tse 20. Mtns Tse resem 2, Proper Lisbonne 12 Ft Bond 1, Worn Cunpensaion 1, Hah seen Epic Bees 45. Ober lanrmce "ta Tas I “Teta Operating Expense Du. Tos oper Be Pent 5519 D2. Tel Oper Be A0 6 EG en) ephcement Reserves (Tol X 40 $250 New Cort ely Mian) ‘Total Expenses Seer reese so —— rT rt Saisie 4703 SIA sso 70 Page 16Low-Income Housing Tax Credit Application For Reservation E. Cash Flow (First Year) “Annual EGI Low-Income Units from (C1) 51,163,858 ‘Annual EGI Market Units (from C2) + 3” Total Effective Gross Income sine Total Expenses (from D) s034226 ‘Net Operating Income s9662 Total Annual Debt Service (from Page 21 B2) - 89, Cash Flow Available for Distribution - 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 1,163,888| 1,192,985 1,222,809] 1,253,380|__1.284,714] Less Oper. Expenses 634,226 __-659,595| 685,979] __—713,418| 741,955] ‘Net Income 529,662] __533,390| 536,831 539,962] 542,759] Less Debt Service 459,968] 459,968| _459,968| 459,968] 459,968 Cash Flow 9,693 BAD 76,862 79,993 82,791 Debt Coverage Ratio 115 1.16 17 17 118 Year 6 Year7 Year 8 ‘Year9 | Year 10 Eff. Gross Income 1,316,832| _1,349,753|__1,383,497] 1,418,084) 1,453,536] Less Oper. Expenses 771,633| ___ 802,498| 834,598] 867,982] ___ 902,701 Net Income 345,199| ___347,255|_—-548,898| 550,102] 550,835 Less Debt Service 459,968| __459,968[ 459,968] 459,968] __459,968) [Cash Flow 85,231 87,286 88,930 90,134] 90,867) Debt Coverage Ratio 119 119 119 1.20 1.20 Yearit | Year12 | Yeari3 | Yearl4 | Year 15 Eff, Gross Income 7,489,874| 1,527,121] _1,565,299| 1,604,432] _ 1,644,543] Less Oper. Expenses 933,809[ _976,362| _1,015,416| 1,056,033] 1,098,274 Net Income 351,065] 550,760] 549,883] 548,309] 546.268 ‘Less Debt Service 459,968] ___459,968| 459,968] 459,968] 459,968] ‘Cash Flow 91,097 90,791 89,915] 88,431 86,300 Debt Coverage Ratio 1.20 1:20 1.20 119 119 Estimated Annual Percentage Increase in Revenue 2.50% (Must be < 3%) Estimated Annual Percentage Increase in Expenses 4.00% (Must be > 4%) 2009 Page 17Low-Income Housing Tax Credit Application For Reservation Vill. PROJECT BUDGET \ Cost/Basis/Maximum Allowable Credit Complete cost column and basis column(s) as appropriate through A12. Check ifthe following documentation is attached at TAB S: CO Appraisal 1 Other Cost Documentation (C] Environmental Studies ‘Executed Construction Contract Executed Trade Payment Breakdown NOTE: Attorney must opine, among other things, as fo correctness Of the inclusion of each cost item ineligible besis, type of |redit and numerical calculations ofthis Part VII, “Rr of Cost upto 100% Tacludable Ta Bligible Basc-Use Applicable Cofuma(s HORe Present Valve Credit” ‘D) em (a) Cost By Reason (C)Rehaby "70 % Present Dew Conereton Value Cree” 5. Contractor Cost A. OfFSite Improvements 0 6 B. Site Work a ° © Other: 7 @ D. Unit Statares (New) @ 0 E. Unit Stuctres (Rehab) o 0 F. Accessory Building (6) o 0 G. _Asbostos Removal o ° H. Demolition o 2 ° 1. Commerist Space Costs 2 o 0 J, Stectured Parking Garage 2 o 0 K, Subtotal A: (Sum 14.19) 300 508 0 0 EL) General Requirements DRO 0 @ M, Builder's Overhead 15.022 2 0 (40% _ Contact) N. Bulde?s Pri o ° (4.0% Contract) 0. Bonding Fee o ° 6499 P Other ° @ o Contractor Com ‘Subtotal (Som TK..1P) $4330,145 so so 7 Owner Conte ‘A. Building Permit 30,000 ° B. _Atch/Bngin. Design Foe 108,079 3 (995 Ani C. “Ait Supervision Pee 21,695 (199 (Unio, D. TepFees ° ° EB. Soll Borings ° 2 2009 Page 18Low-Income Housing Tax Credit Application For Reservation “Binount of Coat up to 100% Irchadabie ts Eligible Basie—Use Applicable Columns): "50s Present Value Credit” ‘@) tem (A) Cost By Acquistion (Reb “70% Present Now Conran Value Credit" © Owner Costs Continied . Constuetion Loan 2 6 36,850 Origination Fee G, Construction Imerest ° o 8.44 (2.4% for _12 months) 1H, Takes Dating Constrosion 34,713 9 © 347 Insurance During Construction 38470 0 @ S847 4. Cost Cetifcation Fee 15,000 0 @ 15,000 K. Title and Recording $5,000 Bpo0 o 2 L. Legal Fees for Clos 700,000 30,000 0 0 M. Permanent Loan Fee 44350 0 o @ (1.086 ) IN. Oiler Pernnent Loan Fees 25,000 o © 0 ©. Credit Enhancement ° @ 0 0 P. Mortgage Banker a;o00 @ @ 500, Environmental Study 7,500 0 © 7500 R. StructuralMechanical Sty 7,300 @ o 7.300 S. Appraisal Fee 7,500 ° ° 7.500 T. Market Study 5.300 @ 3.500 Us, Operating Reserve o 9 YV, Tax Credit Fee @ 0 W. OTHER Te 3. ES (GEE PAGE 194) X. Owner Cost Subtotal (Sum 2A.2W) $1,787.93, $95,000 0 Subtotal 1+ 2 $6,127,088 395,000 so $5,141,430 (Owner + Contactor Costs) 3. Developer's Fees 1278155 o ° 1.278.155 4. Owner's Acquistion Costs Land Existing Improvements 3,682,500 Subtotal 4: H,500, ‘Total Development Costs Subtotal 1524344: $91,905,248 $3,777,500 30 $6,419,585. {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: 30 Land (Attach documentation at Tab K) $0 Building 2009 Page 19Low-Income Housing Tax Credit Application For Reservation i “Tenant of Coatup to 100% Tncludable in Eligble Basis~Use Applicable Columns) BOR Present Value Credit o Item (A) Cost i Acavision ORG "10% Present Now Consewcna Value Cedi” W. OTHER OWNER COSTS ‘Contingency Reserve 431,099 ° ° (Rehab or Adaptive Reuse only) LIST ADDITIONAL ITEMS Relocation 35,000 © 9 $5,000 ‘Allocation ee B50 @ 0 @ o o 0 0 @ o 2 0 © 2 2 9 0 0 @ o 0 6 @ 0 © 0 o ° o @ 3 o 0 ° @ o © 6 0 @ o 7 o 0 ° @ o 0 ° ° @ @ @ o 0 @ 0 @ @ © Subtotal (Other Owner Costs) $529,249 0 so $486,099 2009 Page 198,Low-Income Housing Tax Credit Application For Reservation oun of Cont up tS TOO TcadabTe Eligible Basis~Use Applicable Columns): ——aihear ieee —_— Reha (D) New 70 % Present Item (a) Cost (B) Acquisition Constrcton Value ret" %__Toial Development Costs Subtotal 142544 11,905,243, 3,771,500 o 6,419,585 6, Reductions in ligible Basis Subtract the following ‘A. Amount of federal grant(s) used to finance o o 9 qualifying development costs SS B. Amount of nonqualified, nonrecourse financing o ° ° . Coets of nonqualfying units oFhigher quality 0 6 6 (orexcoss portion thereof) CT D. Historic Tax Credit (esiential portion) o o ° 7. Total Eligible Basis ($ minus 6 above) 3,777,500 ° 6,419,585 8, Adjustments) to Eligible Basis (For non-2cquisiton costs ineligible basis) () For Eartheraft or LEED Cerifieation AND 60 Bonus Points ° 320979 Gi) For QCT oF DDA (Eligible Basis x 30%) 0 1,604,896. ‘Total Adjusted Eligible basis 0 8,345,461 9, Applicable Fraction 410, Total Qualified Basis (Same as Part IX-C) (Eligible Basis x Applicable Fraction) 11. Applicable Percentage (6272009 supe te My 20 peel pees fo 258) (Gor 8 anomie as ent bn, tie ew ce pane te) 12, Maximum Allowable Credit under IRC §42 (Qualified Basis x Applicable Percentage) ‘Game as Part IX-C and equal to or more than credit amount requested) 2009 190.0000% 100.0000% 100,0000% 3,777,500 ° 8,345,461 3.28% 3.28% 9.00% $123,902 30 $751,091 —_ BAIS 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 Toans financed through grant sources: Dueof | baear Fatt Souce otFunds | Appicaion | Commins Fung ane of Coit Peron 1. viDA 0.09 5.68500] Senne Aw >. vipa SPARC conte EE 1,500,000] ennen wi b. so 1 Commitments of ltter(s) of intent attached (TABT) 2, Permanent Financing: List individually the sources of ll permanent financing in order of lien postion: Trans Anoriaton | Tem pueot | Daeot Amanat of Annu Dob Rae of | Paid oF Souectrunde | Appian | Comniten Funds Servi Cost Loin _|_mysans | vam yeas 1. VEDA cai 3.85.00 seszezi| avon sal sa vba seanc coin] 1500.00 siorssil 593%] aul se b. si sol ooox| 00) 4 l x re d I, sal so o0ox| too) q e. sil sal___coms| roof of Toul: 5,185,000) $459,963} [Ej Commitments or leter(s of intent atached (TAB 1) 3, Grants:_ Lis ll grants provided for the development: Dueot | Oavoh Ancurtoh owoe of funds | application | Commitment Fons ane of Cont Peon b. ‘| b sal I sal ks. Fy ic Tor NA, [na em ‘otal Permanent Grants [275000] [Commitments or ftter(s) of intent attached (TAB T) 2009 Page 21Low-Income Housing Tax Credit Application For Reservation 6 Postion of Syndication Proceeds Artibutable to Historie Tax Credit, ‘Amount of Federal historic credits S0_x Equity % 30.00 ‘Amount of Virginia historic credits 'S0” x Equity % $0.00, Equity that Sponsor will Fund Cash Investment so Conteibuted Land/Building TS et ee HB Deferred Developer Fee ss Other =—_=D ~ Equity Total ‘Total of All Sources (82 +B3+B4+BS +B6) ‘(not including syndication proceeds except fr historic tax credits) Total Development Cost (From VII-AS) Less Total Sources of Funds (From B7 above) ‘Equals equity gap to be funded with low-income tax credit. proceeds (must equal IX-D3) $6,223,578 Syndication Information (If Applicable) ‘Actual or Anticipated Name of Syndicator Contact Person Phone ‘treat Address City State Ti 1. Total tobe paid by anticipated users of credit (e-, limited partners) $6,323,574 'b, Equity Dollars Per Credit (e.g, $0.85 per dollar of credit) PeeeeeeneeaeaesOU.703 «Percent of ownership entity (€-., 99% or 99.9%) a. Net credit amount anticipated by user of credits €@, Syndication costs not included in VIIF-AS (eg, advisory fees) [Net amount which will be used to pay for Total Development Cost (42-4e) 1s listed in Bart VILLAS (same amount as Part IX-D3) $6,323,574, Amount of annual credit required for above amounts (same amount as Part IX-D6) 974993 Net Equity Factor [C5 / (C6 X 10)] (game amount as Pat IX-D#) Must be equal to or greater than 859% R2% Syndication: Public or OPrivate Investors: (individual oF Corporate Syndication commitment or letter of intent attached (TAB U) 2009 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 ofthe sources of funds described above forthe development financed directly or indirectly ‘with Federal, State, or Local Goverment Funds? Byes [No yes, then check the type and list the amount of money involved, eloweMarket Loans Matket-Rate Loans Tax Exempe Bonds 80 [Dy Tenable Bonds $3,585,000 Grpsis 90 Section 220 80 1D section 2210896) 50 [Dy Section 2210618) 30 Section 312 50 [E] Section 22146)4) 0 1B section 236 30 Section 236 30 VHDA SPARC/REACH 31500000 Section 225¢9 30 (2 HOME Funds 30 1 otter 30 OF ote: $0 other: 30 Grants Grants Ccosc 30 State $0 Dupac 30 (koeat 30 Other: TCAP 5,000 ‘This means greots fo the partnership. Ifyou received ¢ loan financed by a locality which received one of the listed grants, please lst it inthe appropriate loan column as other” and describe the applicable grant program which funded it. ‘Subsidized funding: list all source of funding for points. Documentation Attached (TAB T) Sansa fani Cemmioent da Does any of your financing have any credit enhancement? O vs @ No yes, lst which financing and describe the credit enhancement 4, Other Subsidies [Documentation Attached (TABQ) ‘Section 8 Rent Supplement or Rental Assistance Payment (Tax Abatement O Otter, Is HUD approval for transfer of physical asset required? O Ye No For Transactions Using Tax-Exempt Bonds Seeking 4% Credits: For purposes ofthe 50% Test, and based only on the data entered to this application, the portion ofthe aggregate basis of buildings and land financed with tax-exempt finds is: NA 2009 Page 23Low-Income Housing Tax Credit Application For Reservation *X._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 goveming the use of the development for low-income housing for atleast 30 years. However, the IRC provides that in certain cireumstances, 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. (2. This development will be subject to an extended use agreement in which the owners right to any carly termination ofthe extended use provision is waived for 25 additional years after the 15- ‘year compliance period for atotal of 40 years. Do not select if TXB is checked below. (2 This development will be subject to an extended use agreement in which the owner's right to any carly termination of the extended use provision is waived for 35 additional years aftr the 15~ year compliance period fora total of 50 years. Do not select ifX.B is checked below: B. Nonprofit/Local Housing Authority Purchase Option/Right of First Refusal 1. Gl After the mandatory 15-year compliance period, a qualified nonprofit as identified in the axtached nonprofit questionnaire, or local housing authority will have the option to purchase oF the right of first refusal to acquire the development for a price not to exceed the outstanding debt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancing is approved by the nonprofit. Do not sclect if extended compliance is selected in IX.A above. Option of Right of First Refusal in Recordable Form Attached (TAB V) Enter name of qualified nonprofit: Community Housing Partners Corp 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. (1 Homeownership Plan Attached (TAB J) C, Building-by-Building Information (Complete page 25 as appropriate) 2009 Page 24sci 00 eros one ae enn, ny (era ino yu te sng ae aos fo o le ‘| wes fo r% le q ores fo jsovo es 4 wrens [o bees ls q ass [a basen bs q worn fo ey bs ‘ aso [0 foes bs 4 raracs fo jaws hs 4 wm | awontiy | orem | rote soe iy |e ron “jones 4a og ons) Sg ounbor seupe mane SNE “weg uae a seIN “sSNA KBP eo paEINHD Aa Laan) sagem Senet ° Tope tog HONETTTY HAD HHL BNE WOU NOTtoscatea oot o Is 6 ls b vee ls les ls rome omen 99g oes 04 a) Sy pmb cession SN aOscsirg 6o0e rym ese pmun aan ey b hoe * 7 a be hve & b boo ke for © b leon mo sy) | — FT say — a | “| a . “mo [men | oon moo | awenaty | snes | mm oe tes oer foeer | ‘Son [oorLow-Income Housing Tax Credit Application For Reservation D. Determination of Reservation Amount Needed [The following calculation of the amount of credits needed [compute below. 1, Total Development Coats (ftom VII-AS, Column A page 20) 2, Less Total Sources of Funds (rom VIIF-BT page 22) 3. Equals Equity Gap 44. Divided by Net Equity Factor (VIN-C7 page 22) Tabsantally the same a the calculation which will be made by VHDA to] determine, as required by the IRC, the amount of credits whieh may be allocated forthe development, However, VHDA at all times resins the} right to substitute such information and assumptions ae are determined ty VHDA to be reasonable forthe information and assumptions lorovided herein as to costs (Including development foes, profits, etc), sources. for funding, expected equity, ote. Accordingly, if the} lSevelopment is selected by VHDA for a reservation of credis, the amourt of such reservation may differ signifiently from the amount you} 811,905.243, $5,581,665 $6,323,578, m.21% (eee of 10-year credit expected tobe aed as equity investnen) 5. Equals Ten-Year Credit Amount Needed to Pund Gap Divided by ton yoers 6. Equals Annual Tax Croit Required to Fund the Eouty Gap 1 The Maximum Allowebl Credit Amount (Grom VII-AI2-combined figure) (his amount mast be equal to oF more han 6 above) 8. Reservation Amount (Lesser of 6 or 7 above) Credit per Unit 3.027 Credit per Bedtoom 2,907 E, Attorney's Opinion [)Alached in Mandatory TAB W) 2009 $8,749,934 10 $974,993 $974,993, ‘$874 995} — ‘S150 (foal Seek Ration Tf yo intr the eror message that your reservation amount isnot equ the equity zxp amount you muy ase the goal sek funtion within the Excel veadshoa fo eliminate the error message, To we the “Goal See” fueton fir aoe the curser box on cell V28._Using the mouse arow, pent and click "Tool" on the tp line and then eck on tho “Geal See option, A box wil lear withthe V28 cel shown in the top space, plce the cursor in the mid fx and type inthe new amount that you Want the equity pap to be which sho the reservation sunt below, then place the cusor Inthe Bettom space se in bottom of the page lick om page 22. Then place the earsor on cell NI (Deferred Developer Fee) and click on “OK”. A message should then sppea that ‘olution has ben found wd if the amour ig comet click "OK". Ifthe amour re now equal the eror message wil disappear. Page 26Low F. scome Housing Tax Credit Application For Reservation ‘Statement of Owner “he undersigned hereby acknowledges the following: 1 that, tothe best ofits knowledge and belief, all factual information provided herein or in conection herewith is true and correct, and al estimates are reasonable that will at ll times indemnify and hold harmless VHDA and its assigns against all iosses, costs, damages, VADA'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 ofthis reservation request and the issuance or nonissuance ofan allocation of credits, grants snd/or loan funds in connection herewith 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. that this application form, provided by VHA to applicants for tax credits, including all sections herein relative to basis, credit calculations, and determination of the amount ofthe oredit necessary to make the evelopment Financially feasible, is provided only forthe convenience of VDA jn reviewing reservation requests; that completion hereof in no way guarantees eligibility fo the credits or ensures tht 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 thatthe undersigned is responsible for ensuring thatthe proposed development will be comprised of qualified low-income buildings and tht it will in all respects satisfy all applicable requirements of federal ‘ax law and any other requirements imposed upon it by VHDA prior to allocation, should one be issue that, forthe purposes of reviewing this aplication, VHDA is entitled 1 rely upon representations of the undersigned 2s to the inclusion of costs ineligible basis and as to all of the figures and calculations relative to the determination of qualified bass forthe development as a whole andéor each building therein individually as well asthe amounts and types of credit applicable thereof, but thatthe issuance of a reservation based on such representation in no way warrants their correctness ot compliance with IRC requirements that VEDA may request or require changes inthe information submitted herewith, may substitute its own figures which it deems reasonable for any oral figures provided herein by the undersigned and may reserve credits, if any, in an amount significently different from the amount requested. that reservations of oedits are not transferable without prior written approval by VHDA at its sole discretion, 2009 Page 27Low-Income Housing Tax Credit Application For Reservation 10. 12. 2009 that the requirements for applying for the credits and the terms of any reservation or allocation thereof are subject to change at any time by federal or state law, federal, state or VHA regulations, or other binding authority. that reservations may be made subject to certain conditions to be satisfied prior to allocation and shall in all cases be contingent upon the receipt of a nonrefundable application fee of $500 and 2 nonrefundable reservation fee equal to 7% of the annual credit amount reserved. that a true, exact, and complete copy of this application, including all the supporting documentation enclosed herewith, has been provided to the tax attomey who has provided the required attomey's opinion accompanying this submission, and that the applicant has provided a complete list of all residential real estate developments in which the general partner(s) has (have) or had a controlling ownership interest and, in the case of those projects allocated credits under Section 42 of the IRC, complete information on the status of compliance with Section 42 and an explanation of any noncompliance. The applicant hereby authorizes the Housing Credit Agencies of states in which these projects are located to share compliance information with the Authority. that the information in this application may be disseminated to others for purposes of verification or other purposes consistent with the Virginia Freedom of Information Act. However, all information will be maintained, used or disseminated in accordance with the Government Data Collection and Dissemination Practices Act. The applicant may refuse to supply the information requested, however, such refusal result in VEIDA's inability to process the application. ‘The original or copy of this application may be retained by VHDA, even if tax credits ate not allocated tothe applicant. In Witness Whereof, the undersigned, being authorized, has caused this document to be executed in its nameonthis 15th dayof May, 2009, Legal Name of Ojyner: Virginia Beach-Friendship Village, LLC By: Its: Page 282000 LITE SELF SCORE SHEET: "Se orig reas jercg blow in fo pean ease ca, se tr at sre yp evaluated by VHA taf dag the apobaon rove an ratty enlyse, Fer purpooes ols scan, kvl Se nacataty fx yout ae cotan decslons and assume abou youl can ee ts aopropit esponaes a he green shaded elec scar aot, ALD ba vege yexra rapa Pench case enter ¥ rN ae appropri Hem 20 pearing othe Locel GEO Lefer wilt require one of ne obowng responses: “he ieker nsestoeunconisnal apport N= th later nests oppantion othe prot NE re comment fon the ely, ee cmc whch ele! Ceotduans upp nor eept tam st agus ares v ot eed Peso arbor tha te wove any ar exhate bases on the eoecten citer usry th reservation appteaion data and 2b yous snfced on ths sore sheet VHDA reserves the hl to change appicalon dala andlor core shel response op, hich nay onange te fel eee [MANDATORY ITEMS: ‘2. Signed, completed appeaton Yortt 1, Duptents cory of optestion Yee ©, Pasinership agreement Yerw &. SCC Cettfeston Yon, 1 Previous partpalion oom You Ste conto! cocument Yon ¢. Achtets Certicsion Yorn 1 ftarny’s opiion yarn, 1 Nenpret questionnaire (FNP) YON NA 1 READINESS: ‘2 Pan of evelopment 8 oorao >, Zoning approval ¥ dorad “at 2 HOUSING NEEDS CHARACTERISTICS: °. VHDA notification ltt fo CEO corso Local CEO let ra 20125 050 © Looation it a revikzation aoe Nv er30 4 Leation in a Qualfed Consus Tact y ors See 8 or PHA wating It preference y orto 1 Subsitnd funding comments ‘oo Upiogo 4 Eistng RO, HUD Seaton 8 of 238 program N ber20 Tex auetamant or now projet base renal subey (HUD or RD) EE oo 10 {caus act with % ie No. 226 ikke Its: _Vioe President Title 242 Mustang Trail, Suite 8 | Virginia Beach, VA | 23452-7545 | www.wplsite.com | 757.431.1041 | 757.483.1412[)notecat el ik oe ele\e sie BRE ey s GLOVE? tame maoioa gees INVE90 HOVE VAI IAOUD WORD WET BETTE] ap paddinbs »pey 24g “P padding yr seYDPsUN\ ~ SLAOY LNOWINVIDO HOVE VINIOVIA / SACU EVID Ale 0g ILAOUTAB B (Partnership or Operating Agreement)OPERATING AGREEMENT or VIRGINIA BEACH DEVELOPM) INT ASSOCIATES, LLC THIS OPERATING AGREEMENT, dated as of May 14, 2009, by and among a Virginia corporation and Atlantic Development Associates, LLC, a imited liability company who by their execution of this Operating Agreement have become members of Virginia Beach Development Associates, LLC, a Virginia limited liability company (the "Company"), provides as follows: RECITALS: ‘The undersigned parties have caused the Company to be organized as a limited liability ‘company under the laws of the Commonwealth of Virginia effective as of the date hereof, and they wish to enter into this Operating Agreement to set forth the terms and conditions on which the management, business and financial affairs of the Company shall be conducted, AGREEMENT: NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises, covenants and conditions herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby covenant and agree as follows: ARTICLE PURPOSES AND POWERS OF COMPANY 1.1 Purposes. The purposes of the Company are to: Beach-Friendship Village, LLC, a Virginia limited liability company (“VB LLC”) which intends to acquire certain property in the City of Virginia Beach generally known as Friendship Village, and in connection therewith, submit an application for reservation of low-income housing tax credits to the Virginia Housing Development Authority and to do all acts necessary or incidental thereto; and (b) Engage in such other activities as are related or incidental to the foregoing purposes, or otherwise reasonably necessary to accomplish the purposes of the Company and to do all such other acts of things except as may be specifically prohibited by this Agreement or state or federal law. 1.2 Powers. The Company shall have all powers and rights of a limited liabilitycompany organized under the Virginia Limited Liability Company Act (Virginia Code Sections 13.1-1000, et seq.) (hereinafter, the “Act”), to the extent such powers and rights are not proscribed by these Articles. ARTICLE I NAMES AND ADDRESSES OF INITIAL MEMBERS; PRINCIPAL OFFICE 2.1 Names and Addresses of Initial Members. The names and addresses of the initial Members are as follows: ‘Names and Addresses of Initial Members Friendship Village II, Inc. 100 West Franklin Street, Suite 300 Richmond, Virginia 23220 Atlantic Development, LLC 124 Fletcher St Kennebunk, ME 04043 2.2 Principal Office. The address of the initial principal office is 100 West Franklin Street, Suite 300, Richmond, Virginia 23220, provided that the business of the Company may be conducted at such other places as may be determined by the Members. ARTICLE DL CONTRIBUTED CAPITAL AND CAPITAL ACCOUNTS 3.1 Initial Capital Contributions. Each Member, upon the execution of this Operating, Agreement, shall make as an initial Capital Contribution the amount shown on Exhibit A, which is attached hereto and by this reference is made a part hereof. 3.2 Additional Capital Contributions. No Member shall be required to make any Capital Contribution in addition to his Initial Capital Contribution. Notwithstanding, the Members may make additional Capital Contributions to the Company if such additional Capital Contributions are made pro rata by all the Members or all the Members consent in writing to any non-pro rata contribution. 3.3 Interest and Return of Capital Contribution. No Member shall receive any interest on his Capital Contribution. Except as otherwise specifically provided for herein, the Members shall not be allowed to withdraw or have refunded any Capital Contribution.ARTICLE IV ALLOCATIONS OF PROFITS AND LOSSES 4.1 Participation in Profits and Losses. All profits and losses of the Company will be allocated to the Members in accordance with their respective interests. ARTICLE V DISTRIBUTIONS OF CASH FLOW 5.1 Distributions of Cash Flow. All cash flow of the Company shall be distributed to the Members at such times as the Members may jointly determine. ARTICLE VI MANAGEMENT 6.1 Powers of Manager. Except as expressly provided otherwise in the Act, the “Articles or this Operating Agreement, the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed by the Managing Member. Friendship Village II, Inc. shall be the initial Managing Member. The Managing ‘Member shall have complete charge of all affairs and business and management and control of the Company. The Managing Member shall have all the rights and powers as are conferred by Jaw or as it deems necessary, advisable or convenient in managing the business and affairs of the Company. 6.2 Business Relationships with Company, The Company may enter into any contract, agreement, lease or other arrangement for the furnishing to or by the Company of real estate, goods, services or space with any Member or any party or entity which is related to or affiliated with any Member ot which is directly or indirectly owned or controlled by the Members or by a party or entity related to or affiliate with the Members. 63 Limitation of Liability of Members or Managers. No Member or Manager of the Company shall be liable for any amount in a proceeding brought by or on behalf of the Company or the Members of the Company. 64 Indemnification. The Company shall indemnify and hold harmless any Member and any partner, shareholder, director, officer, management, agent, affiliate and professional or other advisor of the Members (collectively, the “Indemnified Persons”) from and against any and all loss, damage, expense (including without limitation, fees and expenses of attorneys and other advisors and any court costs incurred by any Indemnified Person) or liability by reason of ‘anything any Indemnified Person does or refrains from doing for, or in connection with the business or affairs of the Company (INCLUDING ANY LOSS, DAMAGE, EXPENSE OR LIABILITY CAUSED BY OR ATTRIBUTABLE TO THE ORDINARY OR SIMPLE NEGLIGENCE, AS OPPOSED TO GROSS NEGLIGENCE, OF THE INDEMNIFIEDPERSON), except to the extent that the loss, damage, expense or liability results primarily form ‘the Indemnified Person’s gross negligence or willful breach of a material provision of this ‘Agreement which in either event causes actual, material damage to the Company. The foregoing rights of indemnification shall not be exclusive of any other rights to which the Member may be entitled. The Manager may take such action as is necessary to carry out these indemnification provisions and may adopt, approve and amend from time to time such resolutions or contracts implementing such provisions or such further indemnification arrangements as may be permitted by law. 6.5 Liability of Manager, No Manager shall be liable or accountable to the Company or to any of the Members, in damages or otherwise, for any error of judgment, for any mistake of fact or of law, ot for any other act or thing that it may do or refrain from doing in connection with the business and affairs of the Company, except for willful misconduct or gross negligence or breach of fiduciary duty. ARTICLE VIL DISSOLUTION AND TERMINATION WW the following: ution. The Company shall be dissolved upon the first to ocour of (@) Any event that under the Act or the Articles requires dissolution of the Company, provided that the resignation, retirement, expulsion, bankruptcy, or dissolution of a member or occurrence of any other event that terminates the continued membership of a member in the Company shall not cause the dissolution of the Company; (b) The unanimous written consent of the Members to the dissolution of the Company; (c) The entry of a decree of judicial dissolution of the Company as provided in the Act; or (@) The occurrence of any other event described in the Act that causes an involuntary termination of the Company. 7.2. Liquidation. Upon the dissolution of the Company, the Members shall wind up its affairs and distribute its assets in accordance with the Act. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to minimize any losses attendant upon dissolution. Upon liquidation, the Company assets (including any cash on hand) shall be sold or distributed in accordance with the Act.74 No Recourse Against Members, Except as provided by law, upon dissolution, each Member shall look solely to the assets of the Company for any payments required or allowed to be made to it, and no Member shall have any recourse against any other Member, and no Member shall be required to contribute property to makeup a deficit capital account upon dissolution. ARTICLE VIII MISCELLANEOUS PROVISIONS 8.1 Notices, Whenever, under the provisions of the Act or other law, the Articles or this Operating Agreement, notice is required to be given to any Person, it shall not be construed to mean exclusively personal notice unless otherwise specifically provided, but such notice may be given in writing, by mail, addressed to the Company at its principal office from time to time ‘and to any other Person at its address as it appears on the records of the Company from time to time, with postage thereon prepaid. Any such notice shall be deemed to have been given at the time it is deposited in the United States mail. Notice to a Person may also be given personally or by telegram or telecopy sent fo his address as it appears on the records of the Company 8.2 Application of Virginia Law. This Operating Agreement, and the interpretation hereof, shall be governed exclusively by its terms and by the laws of the Commonwealth of Virginia, without reference to its choice of law provisions, and specifically the Act. 8.3 Amendments. No amendment or modification of this Operating Agreement shall be effective except upon the unanimous written consent of the Members. 8.4 Construction. Whenever the singular number is used in this Operating Agreement ‘and when required by the context, the same shall include the plural, and the masculine gender shall include the feminine and neuter genders, and vice versa. 8.5 Headings. ‘The headings in this Operating Agreement are inserted for convenience only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Operating Agreement or any provision hereof. 8.6 Waivers. The failure of any party to seek redress for violation of or to insist upon. the strict performance of any covenant or condition of this Operating Agreement shall not prevent a subsequent act, which would have originally constituted a violation, from having the effect of an original violation. 8.7 Rights and Remedies Cumulative. The rights and remedies provided by this Operating Agreement are cumulative and the use of any one right or remedy by any party shall not preclude or waive the right to use any or all other remedies. Such rights and remedies are given in addition to any other rights the parties may have by law, statute, ordinance or otherwise88 Severability. If any provision of this Operating Agreement or the application ‘thereof to any Person or circumstance shall be invalid, illegal or unenforceable to any extent, the remainder of this Operating Agreement and the application thereof shall not be affected and shall be enforceable to the fullest extent permitted by law. 8.9 Successors and Assigns. Each and all of the covenants, terms, provisions and agreements herein contained shall be binding upon and inure to the benefit of the parties hereto and, to the extent permitted by this Operating Agreement, their respective legal representatives, successors and assigns. 8.10 Creditors. None of the provisions of this Operating Agreement shall be for the benefit of or enforceable by any creditor of the Company. 8.11 Counterparts. This Operating Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 8.12 Entire Agreement, This Operating Agreement sets forth all of the promises, agreements, conditions and underslandings between the parties respecting the subject matter hereof and supersedes all prior negotiations, conversations, discussions, correspondence, ‘memoranda and agreements between the parties conceming such subject matter. ‘The undersigned, being all the Members of the Company, hereby agree, acknowledge and certify that the foregoing Operating Agreement constitutes the sole and entire Operating ‘Agreement of the Company, unanimously adopted by the Members of the Company as of the date first written above. [Signatures on Following Page]MEMBERS: FRIENDSHIP VILLAGE Il, INC., a Virginia cpyporagion Is: ATLANTIC DEVELOPMENT, LLC uti limited liability company COMPANY: ‘VIRGINIA BEACH DEVELOPMENT ASSOCIATES, LLC, a Virginia limited liat ity company By Friendship Village I, Inc, A Virginia corporation, Its Managigg Methber By: Its:EXHIBIT A Member Initial Capital Contribution Membership Interest Friendship Village Il, Inc. $51.00 51.00% $49.00 49.00% Atlantic Development, LLC $100.00 90%OPERATING AGREEMENT OF VIRGINIA BEACH-FRIENDSHIP VILLAGE, LLC PURSUANT TO VIRGINIA CODE § 13.1-1023 (2) ‘This Operating Agreement is made and entered into by Virginia Beach-Friendship Village, LLC, a Virginia limited liability company (the “Company”) and Virginia Beach Development Associates, a Virginia corporation, the sole Member of the Company (the “Member”), pursuant to Section 13.1-1023 (2) of the Code of Virginia (1950), as amended, to amend and restate in its entirety the Operating Statement of the Company centered into as of May 14, 2009:. 1. Purposeof Company. ‘The Company is formed for the purpose of acquiring certain teal estate in the City of Virginia Beach Virginia, and operating thereon a multifamily affordable housing development known as Friendship Village, using a combination of debt and equity derived from federal low income housing tax credits, to do all acts necessary ot incidental to the accomplishment of that purpose and to engage such engineers, architects, contractors and other persons to accomplish such purpose. In particular, the Company is authorized to prepare and file an application for reservation of Jow income housing tax credits with the Virginia Housing Development Authority and to enter into such other agreements as may be required for the purposes set forth above. 2, Management, ‘The Company shall be managed by a Manager or Managers, who may, but need not be Members of the Company. Except as expressly provided otherwise in the Virginia Limited Liability Company Act, Sections 13.1-1000, et seq. of the Code of Virginia, as amended (hereinafter, the “Act”) the Articles or this Operating Agreement, the Manager or Managers shall (i) exercise complete and exclusive control of the management of the Company's business and affairs and (ii) have the right, power, and authority on behalf of the Company, and in its name, to exercise all of the rights, powers, and authorities of the Company under the Act. The Manager shall discharge its duties in accordance with the standards of conduct set forth in section 13.1- 1024.1 of the Act. 3. Initial Manager. The initial Manager of the Company shall be Virginia Beach Development Associates, LLC, which is also the sole Member of the Company.4, Admission of Members. The Company may admit new Members upon such terms and conditions as may be agreeable to the Member/Manager. 5. Purchase Option and Right of First Refusal, The Company is expressly authorized to enter into a nonprofit purchase option and right of first refusal with Community Housing Partners Corporation or other qualified nonprofit organization, which purchase option shall satisfy the requirements of Section 42 of the Internal Revenue Code of 1986, as amended. ‘Witness the following signatures as of the _ day of May 2009: Company: VIRGINIA BEACH-FRIENDSHIP VILLAGE, LLC By Virginia Beach Development Associates, LLC 2 Virginia igpility company, ‘Member/Manager: VIRGINIA BEACH DEVELOPMENT ASSOCIATES, LLC, a Virginia limited liability company By Friendship Village IL, Inc. A Virginia corporation Its Managing By: 7 Soe Is:Organizational Chart Virginia Beach - Friendship Village, LLC Ownership Entity Virginia Beach - Friendship Village, LLC Managing Member (.01%) Initial Investor Member (99.99%) Virginia Beach Development Associates, LLC Atlantic Development, LLC Managing Member (51%) Member (29.4%) Member (19.6%) Members Friendship Village I, Inc Drew T. Fitch J. Greg Tulloch Drew T. Fitch (60%) J. Greg Tulloch (40%) Sole and Managing Member Community Housing Partners Corporation Chief Executive Officer Janaka CasperTAB C (VA SCC Certification)State Corporation Commission Richmond, April 23, 2009 ‘This is to certify that. the certificate of organization of Virginia Beach-Friendship Village, LLC was this day issued and admitted to record in this office and that the said limited Gability company is authorized to transact its business subject to all Virginia laws applicable to the company and its business. Effective date: April 23, 2009 State Corporation Commission Attest: ( Clerk of | i: Commission cxs0368,WEALTH: ©) ee el © ViRGiy ‘commoner & 7 Ww oo) ‘ JOEL H, PECK aves 6. TTR: “ ‘CLERK OF THe CoMMASSION ‘COMMISSIONER. P.O. BOK "107 RICHMOND, VIRGINA 73218-1187 JUDITH WALLAlS SAGOMANNE ‘CONMSSIONER STATE CORPORATION COMMISSION Office of the Clerk April 23, 2009 KANADY & QUINN PC JOHNSON KANADY 7130 GLEN FOREST DR STE 120 RICHMOND, VA 23226 RE: Virginia Beach-Friendship Village, LLC ID: $290196 -7 DCN: — 09-04-22-0637 Dear Customer: This is your receipt for $100.00 to cover the fee(s) for filing aiticles of organization for a limited liability company with this office. This is also your receipt for $100.00 to cover the fee(s) for expedited service(s). ‘The effective date of the certificate of organization is April 23, 2009. ‘Thank you for contacting our office. If you have any questions, please call (604) 371-9733 or toll-free in Virginia, (866) 722-2551. Sincerely, ( pet Peck Clerk of the Commission RECEIPTLC LUNCD ciso368 4300 East Main Stroot, Richmond, VA 23219-9630 ‘Tyler Bunaing, Clark's Office (4) 371-9735 or (858) 722-2651 (lee in Virginia) wa: sec. virginia. govietk “Felecommunteations Device fr the Deaf: TDDIVotee: (804) 371-8208May. 13. 2009) 1:33PM No. 0439 P, 4/4 ARTICLES OF ORGANIZATION OF ‘FRIENDSHIP VILLAGE DEVELOPMENT ASSOCIATES, LLC ‘The undersigned organizer sets forth the following as the Articles of Organization of Friendship Village Development Associates, LLC (the "Company", pursuant to Title 13.1, Chapter 12 of the Code of Virginia, as amended (the "Code"): 1. NAME, — The name of the Company is Friendship Village Development Associates, LLC; 2, REGISTERED AGENT AND ADDRESS, ‘The address of the initial Registered Office of the Company 7130 Glen Forest Drive, Suite 120, Richmond, Virginia 25226, ‘in Henrico County, Virginia. The initial Registered Agent of the Company is Johnson Kanady IIT, who is an individual who is a resident of the Commonwealth of Virginia, a member of the Virginia ‘State Bar and whose business address is the same as the address of the initial Registered Office, 3, PRINCIPAL OFFICE. —_The post office address of the principal office of the Company is 100 West Franklin Street, Suite 300, Richmond, Virginia, 23220, in the City of Richmond, Virginia, ‘Witness the following signature the 134 day of My 2009, “ol 1, OrgaizerMay. 13. 2009 1:32PM No. 0439 -F. 4/4 Kanaby & Quinn, PC. monwers ss CouNsrtOnS Ar Law 7130 Guen Forest Deve, Sune 120 Rooweno, Vinowia 23226 Tevemione: (800) 262-0494 Facsnats; (80 262-6295 eta Assan @raneroun, com May 13, 2009 BY HAND State Corporation Commission 1300, Main Street ‘Tyler Building P.O. Box 1197 Richmond, Virginia 23218-1197 Re: Eriendship Village Development Associates, LLC Dear Sir/Madame: Enclosed please find form SCC21.2 and the Articles of Organization for the above referenced entity for expedited filing. Please also find our firm check in the amount of $200.00 {in payment of your filing fee of $100.00 and your next day service fee of 8100.00. Should you have any questions concerning this, do not hesitate to coniact me, With all good wishes, Ivemain JK /eak Enclosures cc: Orlando Artze (by facsimile)State Corporation Commission Richmond, February 2, 2007 This is to certify that the certificate of incorporation of Friendship Village Il, Inc. was this day issued and admitted to record in this office and that the said corporation is authorized to transact its business subject to all Virginia laws applicable to the corporation and its business. Effective date: February 2, 2007 State Corporation Commission Attest: ( Clerk of the CommissionCOMMONWEALTH OF "THEODORE V. MORRISON, JR. “CHAIRMAN OBL H. PECK CLERK OF THE ContassioN Plo. 20x 1197" RICHMOND, VIRGIIA 22216:9107 Nagi. CHRISTIE (COMBASSIONER JUDITH WILLIANS JAGOMANN CONDMSSIGNER. STATE CORPORATION COMMISSION Office of the Clerk February 2, 2007 SARAH LNAE JOHNSTON KANADY Ill 7130 GLEN FOREST DR STE 120 “CALL FOR P/U 282-8494"** RICHMOND, VA 23235 RE: Friendship Village 1, Inc. ID: 0671877 -9 DCN: —_07-02-01-0635 Dear Customer: This is your receipt for $75.00, to cover the fees for fling articles of incorporation with this office. This is also your receipt for $100.00 to cover the fee(s) for expedited service(s). The effective date of the certificate of incorporation is February 2, 2007. lf you have any questions, please call (804) 371-9733 or toll-free in Virginia, 1-860-722-2551 Sincerely, Joel H. Peck Clerk of the Commission CORPRCPT NEWCD cls0306 ‘Tyler Bulking, 1300 East Main Stroot, Richmond, VA 23219-3630 Clerk's Ole (804) 371-9733 oF (858) 722-255 (ole In Virginia) www see. vrgiva.govldivisionclkTAB D (Principal’s Previous Participation Certification)Sania Previous Participation Certification VHDA Covonpmen Name: mena te rence, Beams Controling General Partner, ‘Reindini Wage Davdlopment asocalesLIC— INSTRUCTIONS: 1 This ceriication must be signed by an Individual who fs, ors authorized fo act on behalf of the Controling General Partner [if LP} or Monaging Member {f LLC} of the Applicant, as designated in the Appication. VHDA will accept ‘an authorization document, which gives signatory authorization fo sign on behalf of the principa’s. 2. Attach a resume for each principal of the general partnership (GP] or limited fiabtity company (LLC) and an organization chart for he limited partnership (LP} and LC. 3. A Schedule A Is required for each principal of he GP. 4. Foreach propery sted as "non-compliance found,” please aitach detailed explanation of the nature of the non- compliance, slating whether or not it has been resolved, 5. The date of this cerlfication must be na more than 30 days prior fo submission of the Appication. Failure to cisclose information about properties which hove been found! fo be out af compliance or any material mis- representations are grounds for ejection of an application and proniottion against fulure applications DEFINITIONS: For the purpose of this Cerlification, the folowing definitions shail apply: evelopment shail mean the ploposed mulifamily rental housing development identified above. Participants shall mean ihe principals who will participate in the ownership of the development, Plincipal shail mean any person {including any individual, joint venture, partnesship, limifed fbitty company, corporation, nonproll organization, trust, or any other public or private entity) that {) with respect to the proposed evelopment, will own oF perlicipaie in the ownership of the proposed development or {i} with respect to an existing ‘multifamiy rental project, hos owned or participated in the ownership of such project, all os more fuly described hereinbelow. The person who is the owner of the proposed development or multifamily rental project is considered & principal, in determining whether any olher person isa principal, the following guidelines shall govem: 1. In the case of a pertnership which is a principal (whether as the owner or otherwise), all general pariners are also considered principak, regardless of tho percentage interest of ine general partner; 2, Inthe case of a public or private corporation or organization or governmental entity that s a principal (whether as the owner or otherwise], principal also include the president, vice president, secretary, and trecsurer and other officers who are directly responsible fo the board of directors or any equivalent goveming body, as well as a itectors or other members of the governing body and any stockholder having a 25% or more interest; 3. In the cose of a limited fabilty company (LLC) that is a principal {whether as the owner or otherwise), ail members, ore also considered principals, eagardless of the percentage interest of the members 4. Inthe case of 6 nist that is a principal (whether as the owner or othenwise), cil persons having ot 25% or more beneficia! ownership intorest in the assets of such Hust; 5. Inthe case of any other person that is principal (whether as the owner or otherwise}, af persons having a 25% or more ownership interest in such other person are also considered principals; and 6. Any person that directly or indirectly controls, or has the power to control, a principal shall also be considered a principal.CERTIFICATIONS: thereby cerlfy that ait the statements made by me ore true, complete and carrect to the best of my knowledge ond belief and ore made in good faith, including the data contained in Scheie A ond any statements attached to this ceatifcation 1 a | further certify that for he period beginning 10 years prior to the date of this Certification: uring any time that any of the pasticipanis were principals in cny multifamily rental project, no project has been foreclosed ypon, no mortgage hos been in default, essigned to the mortgage insurer (govemmental or private), nor has morlgage rellef by the mortgagee been given: During any time that any of the participants wore principals in any mutifamlly rental project, there has no! been ‘any breach by the owner of any agreements relating fo the construction or rehabilitation, use, operation, management or disposition of the project: {To the best of my knowledge, there are no unresolved findings rolsed as a result of state or federal aves, _menogement reviews or other governmental investigations concering any mutitamily rental project in which any of the participants were principals; During ony time that any of the paxticipants were principais in ony multifamily rental project, there has not been a suspension or termination of payments under any state or federal assistance contract for the project None of the participants hos been convicted of « felony and is not presenti, fo my knowledge, the subject of ‘complaint of indiciment charging a felony. A folony is defined as any offense punishable by imprisonment for a tein exceeding one yeor, out does not include any offense classed as a miscemecnor under the laws of a state ‘end punishable by imprisonment of two years oF less; None of the particinents has been suspended, debarred or otherwise resticted by ony federal or state ‘governmental entity from doing business with such governmental entity; and None of the participants has defaulted on an obligation covered by a surely or performance bond and has not been the subject of a claim under an employee fidelity bond. further certiy that none of the participants is @ Viginia Housing Development Authority (VHDA] employee or a member of the immediate household of any af is employees, | furtner cently tnat none of the participants is participating in the ownership of a multifamily rental housing project ‘8 of this date on which consiruction has stopped for a period in excess of 20 days or {in the case of a multitarniy rental housing projec! assisted by any federal or state govemmental enfiy} which has been substantially Completed for more than 90 days but for which requiie documents for closing, such as the final cost ceritication, have not been filed with such governmental enfily. | further cer that none of the participants has been found by any federal or state governmental eniity or court to be in noncompiance with any applicable civil rights, equal employment opportunity or fair housing laws or reguiations. | further certly that none of the participants was @ principal in any mutitamnty rent project which has been found. by any federal or stale govemmental entity or cour! to have failed to comply with Section 42 of the intemat Revenue Code of 1986, as amended, during the period of time in which the participant was « principal in such Statements above jif any] to which | connat cerify have been deleted by sftking through the words. In the case of any such deletion, [nave attached a tue and accurate slalement to explain the relevant facts and clroumstances. WARNING: IF TH'S CERTIFICATION CONTAINS ANY MISREPRESENTATION OF A MATERIAL FACT, THE AUTHORITY MAY REJECT Senature INCOME HOUSING TAX CREDITS AND MAY PROHIBIT THE SUBMISSION BY THE APPLICANT OF Drew Fc Painted NameDate must be no more than 30 days pifor fo submission of the Application} Schedule A: List of All Tex Credit Developments fer Each Principal fo this Cerification ‘Complete the folowing, using separate pagols) cs needed, for each principal. Lstalldevelopments that have received allocations of tox credits uncer Section 42 ofthe IRC. ee Contolng 6. toposes rect? N aaa Ta conaina es Son Ito coelence pum townenniptntvend| Pat | tote |'ncame’| rtcedh | sons une| Ruri berocomentNaneftacatn|” "Pension "| tind’ let Una “Une” [sence “pee | fl Yd InSata Sona aR ra a > (ase era nicely ae aT eae at 3 re ee era oleate ae eetieme| to aie a 1 (iiwind Gin Or paw boa omne ta RC eS A ieee ere te |e pariorerimrerat $ [eele ee fever er lees nas eee eee aie Se ee aren eeen ea tts [ef are aera 0 [Geunetest Gushioe Gul Guacou Cooper [1a [ot ara | ertarne Hee ee Se a VC » SS ar a eee eee a Nee marae Ya | aero tua |e 1) lariesoete beeen [estempoauameris aayiet tana | 1 ast ee caren tener Petra —Y—[ aa | apy see | Vt fl nage eesti fasts out oat —Y—t—9 | toes TS ae a a VT Ve as ern Sursuefanar fone ian bee a wee "> nue ess ota fut es mene cary| —"Y— og ~| ar roar | "a (insert te fair Sir awe Oo ae eee 15 (eniewp ees Be feourso naar 27 BE gear TN 2 (SRS Sa alte pare oe ee oa 7 (decor tan outa ai joes ours i ea a ee ee 2 (Sas ties Bene ie W0[ooens me Roma 1 Rea eat —W & (parcours sews me it poe Gus sorta uc Hanes st (bases Rey un_fmey maa en or] —Y esha ot a 4 2 oe ee ee ete event waar % (eoprorine eave sees —o a % (gemalenas mlse He "ew cate abot 1 frees actasse | i 2% (conoires hes Caney derma net tata aoe & [Seiad soleee uo lose ews tomees ou a Ee Fe Ee ee tar eta & (eure ine Guerin fomec cues teuisiog| —p [dapat [eso | Se pares eet Ae — & (hese tss setae in Pate emem ten tt aan} sas — © Se ee eed Ate eye | 5 (toes Uitg tot —luseauernamat re tnd —N—1—198-T—1np—- paneer | —W ee eS Oe $ 38 { > eee g 4 f | 4 $ = fae & See | tnicant THPAGETOTAL: 5.415573 99% Tol UnisSea Previous Participation Certification VHDA nena Development Name: fiendstp viloge Name of Applicant: “Greg rulech Controting General Partner: “Hendnip vloge Devcionmant Asoc 1S INSTRUCTIONS: 1 Tis certification must be signed by an individual who is, ors authorized fo act on behatf of the Controlling General Partner {if LP} or Managing Member [if LLC) of the Appiicant, as designated in the Appication. VHDA will accept ‘an authorization document, wich gives signatory authorization to sign on behalf of the principats. 2. Altach a resume for each principal of the general portnershi ‘organization chart for the limited partnership {LF} and LC. 3A Schedule A is required for each principal of the GP. 4. For each propery sted as “non-compliance found,” please attach a detailed explanation of the nature of the non- compliance, stating whether or not Thos been resolved. 5 The date of this cerfication must be no more than 30 days prior to submission of the Appication, {GP] oF limited llobiity company (LLC) and an Follure to cisclose information about properties which have been found fo be out of compliance or any material mis- representations ore grounds for rejection of an application ard prohibition against future applications. DEFINITIONS: For the purpose of this Certification, the folowing definitions shall apply: Deveionment shoil mean the proposed multifamily rentel housing development identified above. Participants shail mean the principals who wil participate In the ownership of the development. rincipal shall mean any person {including any inaividual, joint venture, parinesship, imited liability company. ‘corporation, nionerolit oxgannization, trust, or ony other public or private entity) that {) with respect fo the proposed evoionment, will own or participate in the ownership of the proposed development or {i) wth respect fo an existing rmulitamiy rental project. has owned or participated in the ownership of such project, all os more fully described hereinbelow. The person who f the owner of the proposed development or mutlfamily rental project is considered & principal. In determining whether any other person isa principal, the following guidetines shall govern: |. Inthe case of a partnesship which is ¢ principal (whether as the owner or otherwise), cil general poriners are also considered principas, regarcless of the percentage interest of the general partner: 2, Inthe case of ¢ public oF private comoration or organization or goveinmental entity thal isa principal [whether os the owner or otherwise), principals also include the president, vice president, secretary, and treasurer and other officers wno are directly responsible to the board of directors or ony equivalent governing body, 08 well as cl ‘rectors or other members of the governing body and any stockholder having & 25% or more interest: 3, Inthe cose of a limited labilty company (LLC) that I a principal (whether os the owner or otherwise), all members ‘are also considered principais, regardless of the percentage interest of the member; 4. Inthe cose ofc tus! that is « principal (whether as the owner or otherwise}, ail persons having a 25% or more beneficial ownership interest in the assets of such trust 5. In the cose of ony olher person thot is © principal {whether as the owner or otherwise}. al persons having a 25% or more ownership interest in such other person are alo considered principals: ond 6. Any petson that directly or indirectly controls, or has the power fo control, « principal shall ako be considered principal.CERTIFICATIONS: I hereby Certify that ail the statements made by me ore true, complete ond correct to the best of my knowledge and belief and are made in good fai, including the date contained in Schedule A and any statements attached to this cerilfcation, 1. Hurther certify that for the period beginning 10 years prior to the date of this Certification: @. During any ime that any of the participants were principais in any multifamily rental project, no project has been foreclosed ypon, no mortgage has bean in default, assigned fo the morlgage insurer (govemmental or private), nor has morigage relief by the morlgagee been given; bb. During any time that any of the participants were principals in any multifamily rental project, there has not been any breach by the owner of any agreements relating fo the construction or rehabilitation, use, operation, management or clsposition of the project: Cc. To the best of my knowledge, there are no unresolved findings raised as a result of slate or federal audits, management reviews or other governmental investigations conceming any muliiamiy rental project in which any ‘of the paricipents were pancipals; 4d. During any fime that any of the participants were principals in any multifamily rental project, there has not been suspension of tetrrination of payments under any state or federal assistance contract for he project: ‘6. None of the particioanis has been convicted of a felony and s not presently, to my knowledge, the subject of a ‘complaint orinciciment charging a felony. A felony is defined! as any offense punishable by imprisonment for a tem exceeding one year, but does not include any offense classified as a misclemeanor under the laws of a state ‘and punishable by imprisonment of two years o less; {None of the parlicipants has been suspended, debarred or otherwise restricted by any federal or state ‘govemmental entity from doing business with such govemmental entity: and 9. None of the participants has defaulted on an obligation covered by a surely or performance bond and has not 'been the subject of o claim under an employee fidelty bond. further corfty that none of the particloants s c Viginia Housing Development Authority (VDA) employee ora momber of the immediate household of any ot ils employees. urthor certify that none ef the participants is participating in the ownership of a muttifamily rental housing project C8 of this date on which constuction hes stopped for a period in excess of 20 days or {in the case of a multifamily rental housing project assisted by any federal or stole governmental enfty) which has been substantially Completed for more than 90 days bu! for which requisite documents for closing. such as the final cost cerification, ave not been fled with such governmental entity. 4. further certify that none of the participants has boon found by any federal or state governmental enfily or court to be in noncompliance with any applicable civ! rights, equal employment opporturily or far housing tows or regulations | urther certify that none of the participants was a principal in any mutifamly rental project which has been found by any federal or state govemmental entity or court to have failed to comply with Section 42 of the Internat Reverue Code of 1986, as amended, during the period of fire in which the participant wes a principal in such 6. Statements above [if any] to which | cannot cerify have been deleted by striking through the words. In the cose ‘of any such deletion, Inave attecned a fue and accurate statement fo explain the relevant Facts and circumstances. WARNING: IF THIS CERTIFICATION CONTAINS ANY MISREPRESENIATION OF A MATERIAL FACT, THE AUTHORITY MAY REJECT THICAPPLICADON FOR LOWINCOME HOUSING TAX CREDITS AND MAY PROHIBIT THE SUBMISSION BY THE APPLICANT OF USGA REDITS IN THE FUTURE, Greg luloch Piinted NameDate (must be no more than 20 cays prior fo submission of the Application) Schedule A: st of Al Tax Credit Developments for Each Principal fo this Cerlifcaion ‘Complete the folowing, using separate pagels) os needed. for each principal. Lisl all development that have received atocations of fax creas under Section 42 ofthe IC. SSreauloch, Conttting G. of Proposed Project? N FineipoTs hammer Yon ontraiing Non Gone foal ton} ‘compliance lame ct Onnostip nity ana] Farina? | rota | treome| Pracedtin | scons) use| Found YIN Develcpment Nome/Location| Phone stmber wn Uni| Unis |Seniee Date| Date | [eran Ys is, Dorie Vo TT 07] 7 8230 Ti [ eT we Na ing Menon. Rocky ME RN|Rocky Roung L207] AF N. r Tu ios 1 2 3 ‘ 5 ‘ 7 5 ° 10 ” 1% 15 7 18 " 2 BRSBBRNRRERN VPAGETOTAL 246286 100% Tota UnieDREW T. FITCH 124 FLETCHER STREET KENNEBUNK, ME. 04039 (207) 467-8230 [email protected] EXPERIENCE Atlantic Development, LLC, President Present ‘Finn owner involved in consulting and development of niulti-family housing, comesntrating on preservation of affordable housing. ‘Silver Street Development Corp, Vee President 10983 ‘Responsible forall phases of affordable multi-fumily real estate development, Primary duties ‘nclade securing financing, land use approvals, creating development and operating pro-formas, jnteraction with professional itvolved in finance, Jaw, construction, and accounting. Experienced with complex forms of financing, inclading tax-exempt bond financing, federal and state tax credits, federal subsidies, and conventional'loans. Developed Various forms of multi-family housing, such as new construction, acquisition/rehabilitation, and historic rchabilitations. Closed ‘14 transactions totaling over 2,500 units in 9 states, assisted in 8 other developments. New Hampshire Housing Finance Authority, Development Officer 19951998 ‘Responsible for underwriting and closing permanent and construction Joané for multi-family residential rental projects. Create finmcing packages using conventional sourves, federal and state programs, bond financing, and Federal Low Income Housing Tax Credits. Prepare writen and oral presentations to the Board of Directors. Oversee project development from conception to ‘construction completion, 1990-1995, Sen ee gaol canted pte mveivag moome prodigal et {including commercial, residential, and special-purpose properties. Developed expertise in cash ‘low and yield analysis, market analysis, and highest and best use analysis. Specialized inthe appraisal and analysis of residential partment properties, in particular those involving creative financing, government subsidies, ad income restrictions. Colby Collese, Waterville, Maine Graduated in 1984 -with a BA in Economics and Business Administration. npraisal Institute Completed seven intensive courses and numerous seminars. Completed all education and experience requirements for the MAI designation from the Appraisal Institute, ‘Seminars and Conferences ‘Related to financing and development affordable rental housing, and various appraisal seminars.J. Greg Tulloch EXPERIENCE Atlantic Development, LLC, Vice-President Present Responsible for overseeing the rehabilitation process, including construction and completion of individual projects. Also, directs the marketing éfforts for Atlantic Development and is responsible for pursuing new transactions of HUD-assisted and RHS 515 properties. ‘SuperCoups of Southern Maine, Qwner Started direct mail franchise which currently mails over 700,000 homes per year in Southern Maine. Grew the company from start- up, to current sales levels, through spearheading initial sales efforts and market development. Continued responsibility for strategic planning of the organization, as well as growth targeting and financial aspects. PayPower Benefits, Vice-President ‘Developed corporate sales and operational plans, resulting in achievement of both operating and sales goals. One of five original employees in a start- up company, developed all marketing, enrollment, and collateral materials. In seven years, developed a $30,000,000.00 Block of business in six states. Portland Glass Company, District Manager 1984-1989 ‘Began with company as Manager Trainee in 1984 and progressed to become the youngest, District Manager in the history of the organization. ‘Oversaw 16 retail stores and managed significant building projects in Maine, New Hampshire, and Massachusetts. Projects included both new construction and rehabilitation. EDUCATION Colby College, Waterville, Maine Graduated in 1984 with BA in Business AdministrationAppendix D: Previous Participation Certification Development Name: Friendship Vilk Applicant: Virginia Beach-Friendship Village, LLC Controlling General Partner: "Community Housing Partners Corporation For the purpose of this Certification, the following definitions shall apply: “Development” means the proposed multi-family rental housing development identified above. “Participants” shall mean the Principals who will participate in the ownership of the Development. “Principal” shall mean any person (including any individual, joint venture, partnership, limited liability company, corporation, nonprofit organization, trust, or any other public or private entity) that (i) with respect to the Development, will own or participate in the ownership of the Development or (i) with respect to an existing multi-family rental project, bas owned or participated in the ownership of such project, all as more fully described herein below. The person who is the owner of the Development or multi-family rental project is considered a Principal. In determining whether any other person is a Principal, the following guidelines shall govern: (1) in the case of a partnership which is a Principal (whether as the owner or otherwise), all general partners are also considered Principals, regardless of the percentage interest of the ‘general partner; (2) in the ease of a public or private corporation or organization or governmental entity which is a Principal (whether as the owner or otherwise), Principals also include the president, vice president, secretary, and treasurer and other officers who are directly responsible to the board of directors or any equivalent governing body, as well as all directors or other ‘members of the governing body and any stockholder having a 25 percent or more interest; (3) in the case of a limited liability company which is a Principal (whether as the owner or otherwise), all members are also considered Principals, regardless of the percentage interest of the member; ) in the case of a trust which is a Principal (whether as the owner or otherwise), all persons having a 25% or more beneficial ownership interest in the assets of such trust; (5) in the case of any other person which is a Principal (whether as the owner or otherwise), all persons having a 25 percent or more ownership interest in such other person are also considered Principals; and (6) ‘any porson that directly or indirectly controls, or has the power to control, a Principal shall also be considered a Principal.PREVIOUS PARTICIPATION CERTIFICATION, continued ‘This certification must be completed and personally signed and dated by an individual who is, or is authorized to act on behalf of, the controlling general ‘ner of the applicant as designated in the application. The date of this certification must be no more than 30 days prior to submission of the application. Certifications: I hereby certify that all the statements made by me are true, complete and correct to the best of my knowledge and belief and are made in good faith, including the data contained in Schedule A and any statements attached to this certification. 1 | further certify that for the period beginning 10 years prior to the date of this certification: a During any time that any of the Participants were Principals in any multi-family rental project, no mortgage on the project has been in default, assigned to the mortgage insurer (governmental or private) or foreclosed, nor has mortgage relief by the mortgagee been given; During any time that any of the Participants were Principals in any multi-family rental project, there has not been any breach by the owner of any agreements relating to the construction or rehabilitation, use, operation, management or disposition of the project; To the best of my knowledge, there are no unresolved findings raised as a result of state or federal audits, management reviews or other governmental investigations concerning any multi-family rental project in which any of the Participants were Principals; During any time that any of the Participants were Principals in any multi-family rental project, there has not been a suspension or termination of payments under any state or federal assistance contract for the project; None of the Participants has been convicted of a felony and is not presently, to my knowledge, the subject of a complaint or indictment charging a felony. (A felony is defined as any offense punishable by imprisonment for a term exceeding one year, but does not inchide any offense classified as a misdemeanor under the laws of a state and punishable by imprisonment of two years or less); None of the Participants has been suspended, debarred or othenwise restricted by any federal or state governmental entity from doing business with such governmental entity; and None of the Participants has defaulted on an obligation covered by a surety or performance bond and has not been the subject of a claim under an employee fidelity bond. 2. I further certify that none of the Participants is a Virginia Housing Development Authority employee o a member of the immediate houschold of any of its employees.PREVIOUS PARTICIPATION CERTIFICATION, continued 6 | further certify that none of the Participants is participating in the ownership of a multi-family rental housing project as of this date on which construction has stopped for a period in excess of 20 days or (in the case of @ multi-family rental housing project assisted by any federal or state governmental entity) which has been substantially completed for more than 90 days but for ‘which requisite documents for closing, such as the final cost certification, have not been filed with such governmental entity. | further certify that none of the Participants has been found by any federal or state governmental entity of court to be in noncompliance with any applicable civil rights, equal employment ‘opportunity or fair housing laws or regulations. | further certify that none of the Participants was a Principal in any multi-family rental project which has been found by any federal or state governmental entity or court to have failed to comply with Section 42 of the Intemal Revenue Code of 1986, as amended, during the period of time in which the Participant was a Principal in such project Statements above (if any) to which I cannot certify have been deleted by striking through the words. In the case of any such deletion, I have attached a true and accurate statement to explain the relevant facts and circumstances. WARNING: IF THIS CERTIFICATION CONTAINS ANY MISREPRESENTATION OF A MATERIAL FACT, THE AUTHORITY MAY REJECT THE APPLICATION FOR LOW-INCOME HOUSING TAX CREDITS AND MAY PROHIBIT THE SUBMISSION BY THE APPLICANT OF APPLICATIONS FOR SUCH CREDITS IN THE FUTURE. (Signature) Orlando Arize (Print or Type Name of Signatory) Date: _May 8", 2009 (Note: Date must be no more than 30 days prior to ‘submission of the application.)community 1930 Cambria Stroot, NE. i CenterA 24073 housing 540.362.2002 5403921935 fx partners ___ 01800545. 1033 e274 COMMUNITY HOUSING PARTERS CORPORATION BOARD OF DIRECTORS RESOLUTION FOR SIGNATURE AUTHORITY December 19, 2008 Ata meeting of the Board of Directors of Community Housing Partners Corporation (the “Corporation”), held in Christiansburg, Virginia on December 19, 2008 at 4:00 pm pursuant to proper notice and in confidence with the ByLaws, the following resolution was adopted: Resolved, that the following officers shall be and hereby are empowered and authorized to sign documents that may be required to complete any corporate debt, refinance, list and sell property, acquire property, or any transaction that furthers the Corporation’s goal of providing. affordable housing to low-income individuals and families, world-wide, including, but not limited to all reports, forms, documents, notes, deeds of trust, financial statements, deeds of conveyance, affidavits, settlement statements, and any such other documents that may be required on behalf of the Corporation. C. Theodore Koebel, Chairman Jane Henderson, Vice Chairman Susan T. Gooden Janaka Casper, President Orlando Artze, Executive Vice President Jeffrey K. Reed, Secretary/Treasurer John Henry, Vice President of Development Certified and dated this 19 day of December, 2008Schedule A: List of All Tax Credit Projects for Each Principal to this Certification Complete the following, using separate page(s) as needed, for each principal. List all projects which have received allocations of tax credits under Section 42 of the IRC. Principal's Name: _Community Housing Partners Corporation Controlling G. P. of Proposed Project (Y or N): _Y Controlling | Total Units General and Low Placed in Noncompliance Name of Ownership Entity Partner Income Service Found? Y/N Development Name/Location and Phone Number YIN Units Date 8609 Date (Explain Yes) Friendship Village Apts. Friendship Village, LP Yes 110/109. 1991 June, 1992 Yes (See Virginia Beach, VA (540) 382-2002 attached) Grayson Manor Apts. Grayson Manor, LP Yes 32182 Dec, 1997 | June, 1999 | No Independence, VA (640) 382-2002 Canterbury Crossing ‘Ocean Terrace, LP ‘Yes 30/30 Jan., 1999 | March, 2000 | Yes (See aka Southern Terrace (840) 382-2002 attached) Chesapeake, VA ‘Wesibridge Apariments ‘Ocean Bridge, LP Yes 60760 Jan, 1889 | Jan., 2000 | Yes (See Chesapeake, VA (840) 382-2002 attached) Mariner's Landing Denbigh Crossings, LP No. 274/274 1998 Dec., 1998 Yes (See Newport News, VA (757) 463-1970 attached) ‘Ocean Gate Apis. ‘Ocean Gate, LP No i7an74 [7997 July, 1998 | Yes (See irginia Beach, VA (757) 463-1970 attached) Woodbum, LP No qaari4a | 1998 May, 1099 | Yes (See Prince Williams, VA (757) 463-1970 attached) Orchard Grove Pearisburg, LP Yes 30/30, Aug., 1999 | Aug., 2000 No aka Pearisburg Duplexes (640) 382-2002 Pearisburg, VA Johnson Williams Johnson Wiliams, LP Yes 40/40 June, 84 | June, 94 No Berrwille, VA (640) 955-2056‘Schedule : List of Tax Credit Projects for Each Principal to this Certification Complete the following, using separate page(s) as needed, for each principal. List all projects which have received allocations of tax credits under Section 42 of the IRC. Principal's Name: _ Communi Housing Partners C« oration, Controlling G. P. of Proposed Project (Y or N): _Y Total Units and Low | Placed in Noncompliance Name of Ownership Entity | Partner | Income | Service Date Found? YIN Development Name/Location and Phone Number YIN Units 8609 Date | (Explain Yes) Westover Commons Petersburg-Woodvale, LP__| Yes ‘B4le4 Sept, 2001 | Dec. 2002 | Yes (See Petersburg, VA (804) 783-2710 attached) Battleground Apts. Battleground, LP Yes area Way., 2001 | Dec., 2001 | Yes (See Saltville, VA (640) 382-2002 attached) ‘Cedar Crest! Cedar Top, LP Yes 26/26 Sept. 1899 | Aug., 2000 | Yes (See ‘aka Blacksburg Duplexes (40) 382-2002 attached) Blacksburg, VA Cedar Crest Cedar Top ti, LP Yes 24124 ‘Aug. 2000 | Dec., 2000 | No aka Blacksburg Duplexes (640) 382-2002 Blacksburg, VA ‘The Woods at Yorktown alk/a | Yorktown-Yorkshire, LP Yes Tiei18 | Aug. 2003 | Dec., 2003 | No Yorkshire Apartments (640) 382-2002 Yorktown, VA. College Hill Homes Gollege Hill Homes, LP Yes 28/28 Oct 2003 | May, 2004" | No Lynchburg, VA (434) 846-6964 Meadowview Apartments Pulaski-Meadowview, LP Yes 700/88 Dec. 2004 [ Oct. 2005 | No Pulaski, VA (640) 382-2002 Cedar Crest Ill Cedar Top ill, LP Yes 2424 Dec., 2004 | June 2005 | No Blacksburg, VA (640) 382-2002 Central City Homes ‘Central City Homes, LP Yes 37/36 | Dec. 2005 | Oct, 2005 | No Lynchburg, VA (434) 648-6965 ‘Ansell Gardens Portsmouth-Afton Square, LP | Yes 8078 Dec., 2004 | Nov. 2004 | No alk/a Afton Square Portsmouth, VA (540) 382-2002Schedule A: List of All Tax Credit Projects for Each Principal to this Certification Complete the following, using separate page(s) as needed, for each principal. List all projects which have received allocations of tax oredi Principal's Name: under Section 42 of the IRC. Community Housing Partners Corporation Controlling G. P. of Proposed Project (Y or N): _Y_ Controlling | Total Units General | and Low | Placed in Service Noncompliance Name of Ownership Entity | Partner | Income Date Found? YIN Development Name/Location and Phone Number. YIN Units, 8609 Date | (Explain Yes) Honeytree Apartments Halifax-Honeytree, LP Yes 76/48 Bec. 2005 May, 2006 | Yes (See South Boston, VA (640) 382-2002 attached) ‘Sentry Woods Dinwiddie-Sentry Woods, LP [Yes 30/30 Des. 2005 May, 2008 [No Dinwiddie, VA (640) 382-2002 College GreenT Warsaw-Coliege Green, LP | Yes 32/82 Dec. 2005 May, 2006 | No Warsaw, VA (640) 382-2002 Church Manor ‘Smithfield-Church Manor, LP_| Yes 50/50 Dec. 2005 May, 2006 | Yes (See Smithfield, VA (640) 382-2002 attached) Checed Warwick Checed Warwick Limited Yes 48/48 Deo. 2005 May, 2006 [No Newport News, VA Partnership (540) 382-2002 Rappahannock Apartments | Tappahannock- Yes 32/32 ‘Aug, 2006 May, 2006 | No Tappahannock, VA Rappahannock Apartments, Lc (540) 382-2002 Rivermeade | Yorktown-Rivermeade, LLC | Yes 48/48 ‘Sept, 2006 N/A No Yorktown, VA (840) 382-2002 Yorktown Square | Yorktown-Yorktown Square |, | Yes 86/56 ‘Sept, 2006 NA No Yorktown, VA Lic (540) 382-2002 Yorktown Square i Yorktown-Yorktown Square | Yes 60/60 Nov., 2006 NA No Yorktown, VA Hi, LLG (540) 382-2002‘Schedule List of. I Tax Credit Projects for Each Principal to this Certification Complete the following, using separate page(s) as needed, for each principal. List all projects which have received allocations of tax cre Principal's Name: under Section 42 of the IRC. Controlling G. P. of Proposed Project (Y or N): _Y. Controling | Total Units General | and Low | Placed in Service Noncompliance Name of Ownership Entity | Partner | Income Date Found? Y/N Development Name/Location and Phone Number YIN Units 8609 Date | (Explain Yes) The Crossings at Leesburg | CHPC Leesburg, Ltd. Yes 768/166 | April, 2004 ‘Aug., 2004 | No Leesburg, FL (640) 382-2002 Silver Pointe CHPC Leesburg Silver Yes 736/138__| Aug., 2005 March No Leesburg, FL Pointe, Ltd. 2006 (40) 382-2002 é i Rivermeade II Yorktown-Rivermeade Il, LLC | Yes 32182 March, 2007 NA No Yorktown, VA (640) 382-2002 Lafayette Village Elderly Yes 32782 March, 2008 NA NA Williamsburg, VA Village Elderly, LLC (804) 343-7204 Lafayette Vilage Family Williamsburg-Lafayette Yes 7taiti2 | March, 2008 NA NA Williamsburg, VA Lafayette Square msburg-Lafayette Yes 106/106 | March, 2008 NA NA Williamsburg, VA ‘Square, LLC (804) 343-7204 Courthouse Green ‘Spotsyivania-Courthouse Yes “40140 November, 2007 [N/A NA Spotsylvania, VA Green, LLC. (804) 343-7201, College Green Il Warsaw-College Green Yes 7616 ‘August, 2008 NA NA Warsaw, VA LLC (804) 343-7201 Spicer’s Mi ‘Orange-Spicers Mil, LLC Yes 40140 ‘April, 2008 NA NIA Orange, V/ (804) 343-7201Schedule A: List of All Tax Credit Developments for Each Principal to this Certification ‘Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits under Section 42 of the IRC. Principal's Name: Controlling G. P. of Proposed Project (Y or N): _Y jing | Total Units General and Low Placed in Noncompliance Name of Ownership Entity Partner Income: Service Date Found? Y/N Development Name/Location and Phone Number YIN Units 8609 Date | (Explain Yes) Sandston Plateau Apts. ‘Sandston Senior No. 100/100 12/31/05 4/26/07 No. ‘aka Sandston Seniors Retirement Community, LP Sandston, VA (804) 343-7201 ‘Somerset Court Wilson Apartments, LP Yes “48/48 3/30/98 Getober, | Yes (See ‘Wilson, NC (804) 343-7201 08 attached) Braxton Manor Braxton Manor, LP Yes 32/32 9/21/99 6/30/00 No Silver City, NC (804) 343-7201 Woodland Park Woodland Park, LP Yes 64/64 12/4/98 5/20/99 No Hickory, NC (804) 343-7201 River Trace Rivertrace, LP Yes 56/56 February, 95 | February, | No Newport News, VA (757) 989-0710 95 Northway Northway, LP Yes 72172 ‘August, 04 | August, 04 [No Galax, VA (276) 236-8991 Maury Senior Retirement Maury Senior Retirement | No ‘A545 December, | December, | No llage Village, LP 02 02 Richmond, VA_ (804) 231-3677. Rutledge “Amherst-Rutledge Hills, | Yes 48148 Under NA No Amherst, VA. LLC Construction (434) 946-7758 Imani Mews: Imani Neighborhood No: 68/68 December, December, | No ichmond, VA Revitalization Partners, LLC 05 05 (804) 230-7822Schedule A: List of All Tax Credit Developments for Each Principal to this Certification Complete the following, using separate page(s) as needed, for each principal. List all developments that have received allocations of tax credits under Section 42 of the IRC. Principal's Name: _Community Housing Partners Corporation Controlling G. P. of Proposed Project (Y or N): _Y. Contre Total Units General and Low Placed in Noncompliance Name of Ownership Entity Partner Income Service Date Found? Y/N Development Name/Location and Phone Number YIN Units 8609 Date | (Explain Yes) Checed Creek Newport News-Checed Yes 35/35 ‘Applying for | N/A NIA Newport News, VA Creek, LLC (757) 833-5944 2009 Credits Dolly Ann Apartments CHPC-Dolly Ann, LLC Yes 108/108 ‘Applying for | N/A NA Covington, VA. 2009 Credits ‘Old Farm Village II CHPC-Oid Farm Village, Yes 84/84 ‘Applying for | N/A NIA Christiansburg, VA LLe 2009 Credits Blue Ridge Commons Charlottesville-Biue Ridge | Yes 202/202 ‘Applying for | N/A NIA Charlottesville, VA ‘Commons, LLC 2009 Credits Friendship Village Virginia Beach-Friendship | Yes 10/110 ‘Applying for | N/A NIA Virginia Beach, VA Village, LLC 2008 Credits | Cedar Square Stuart-Cedar Square, LIC | Yes 48148 Applying for | NA WA Stuart, VA 2009 Credits The Village at Kingsprings The Village At Kingsprings, | Yes 48/48 ‘Applying for | N/A WA Johnson City, TN LLC 2009 Credits “Townhomes of Ashbrook Chariotte-Townhomes of _ | Yes 750/150 | Applying for _| NA WA Charlotte, NC Ashbrook, LLC 2009 Credits iitop Terrace Lexington-Hilitop Terrace | Yes B716T ‘Applying for | NA NA Lexington, NC Apartments, LLC 2009 CreditsPrevious Participation Certification ‘Schedule A Notes - Page 1 of 2 4. Community Housing Partners is the controlling general partner of Friendship Village Apartments and acts as property manager. During VHDA monitoring of the tax credit files in July, 2001, several cases of missing documentation were noted; and in one case, a household was over income upon initial occupancy. All of these have been corrected, as reflected in IRS Forms 8823 dated December 3, 2001. CHPC has also resolved an outstanding issue at that property in which the building addresses on IRS Forms 8609 and the Building Identification Numbers id not correspond with a plat of the property and existi 2. Community Housing Partners is a minority general partner of Mariners Landing Apartments and previously acted as property manager. During VHDA monitoring of the tax credit files, certain deficiencies were identified regarding income certification, recertification, and income verification. All deficiencies were corrected and revised IRS Forms 8823 were issued in April 2001 with all items of noncompliance noted as corrected. 3. Community Housing Partners is a minority general partner of Ocean Gate Apartments and previously acted as property manager. During VHDA monitoring of the tax credit files, certain deficiencies were identified regarding income certification, recertification, and income verification. Alll deficiencies were corrected and revised IRS Forms 8823 were issued in November 1998 with all items of noncompliance noted as corrected. 4. Community Housing Partners is the controlling general partner of Westover Commons Apartments. During a compliance audit conducted in September 2002, VHDA staff identified several items of noncompliance in the documentation contained in the resident files. These included issues related to resident income certification, verification and recertification. Alll of these items have been corrected and documentation was submitted to VHDA. No IRS Form 8823 has been submitted. 5, Community Housing Partners is a minority general partner of Woodburn Apartments. During VHDA monitoring of the tax credit files, certain deficiencies were identified regarding income certification, recertification, and income verification. All deficiencies were corrected and revised IRS Forms 8823 were issued in July 2000 with all items of noncompliance noted as corrected ‘Community Housing Partners is the controlling general partner of Cedar Crest | and acts as the property manager. During a compliance audit by VHDA an issue of initial income certification was noted and an uncorrected 8823 was forwarded to the IRS. As a result of additional information, VHDA subsequently issued an “amended” 8823 resolving this matter.Previous Participation Certification Schedule A Notes — Page 2 of 2 7. 10. 1 12. 13, Community Housing Partners is controlling general partner of Canterbury Crossing Apartments. During VHDA monitoring of the tax credit files in 2000, certain deficiencies were identified regarding income certification, recertification, and income verification. All deficiencies were corrected and revised IRS Forms were issued in Apri 2002 with all items of noncompliance noted as corrected. Community Housing Partners is the controlling general partner of Honeytree Apartments and acts as the property manager. During a compliance audit by VHDA in June 2006 a deficiency regarding recertification was identified. The deficiency was corrected and a revised IRS Forms 8823 was issued with the item of noncompliance noted as corrected. Community Housing Partners is the controlling general partner of Church Manor Apartments and acts as the property manager. During a compliance audit by VHDA in August 2006 insufficient income verification was identified. The deficiency was corrected and a revised IRS Forms 8823 was issued with the item of noncompliance noted as corrected. Battleground Apartments — A corrected 8823 was sent to the IRS on March 27, 2009 for a crack in the sidewalk greater than % effecting greater than 5% of all areas. Correction was completed the day of the physical inspection. Also an extension tube on a hot water tank was not within 18” of the floor. The correction was completed the day of the physical inspection. Westbridge Apartments — A corrected 8823 was sent to the IRS on January 8, 2009 for electrical problems during the September 23, 2008 physical inspection. Correction was completed on September 24, 2008 Somerset Court — A corrected 8823 was sent to the IRS on February 27, 2009 for incomplete documentation for a 2008 annual recertification. Correction was completed February 17, 2009. 19 Partners is the controlling general partner of Friendship Village Apartments and acts as property manager. In 2008 Friendship Village apartments receive a below sixty (80) rating on its’ REAC physical inspection. Due to the below sixty (60) rating a “Red Flag" was placed on the property by HUD Richmond. The management agent, Community Housing Partners Corporation, is correcting all deficient areas noted in the REAC inspection and is waiting a return REAC inspection issue by the Department of Housing and Urban Development. We anticipate a passing REAC inspection rating at this inspection, which should all the “Red Flag” to be removed. Community HousSalta. Previous Participation Certification VHDA Development Name: Name of Applicant Controling General Poriner INSTRUCTIONS: 1 This cetlification must be signed by an individual who is, ors authorized fo act on behalf of the Controling General Partner [if LP] oF Managing Member (F LLC) of the Applicant, as designated in the Application. VHDA will accept on ‘authorization document, which gives signatory authorization fo sign on behal of the principals. 2. -Atlach a resume for each principal af the general portnership (GP! orimited llabilty company (LLC} and an, ‘organization char for the frited partnership (LP) and LLC, 3. A Schedule A is required for each principal of the GP. 4 Foreoch property fisted as "non-compliance found," pleose altach a detailed expianation of the nature of the non- compliance, stating whether or not it has been resolved. 5 the date of this cerifcation must be no more then 30 days prior to submission of the Application, Foftre to disclose information about properties which have been found to be out of compliance or any material mis: representations are grounds for rejection of an application and prohibition agains! future applications. DEFINITIONS For the purpose of this Cerification. the following definitions shail apply Development shail mean the proposed mutifamily rental housing development identitied above. exticipants shall mean the principals who wil participate in the ownership of the development. Principal shall mean any person {including any individual joint venture, partnership, limited fabiity company, ‘corporation, nonprofit organization, trust, or any ather public or private entity that () with respect fo the proposed Sevelopment, wil own oF participate in the ownership of the proposed development or fi) with respect fo an existing mulffomily rentol project, has owned of participated in the ownership of such project, al as more fully described hereinbelow. The peson who is the owner of tne proposed development or multifamily rental project is considered @ principal, In determining whether any other person isa principal, the following quidetines shall govern: 1. Inthe case of a parinership which is o pilncipal (whether as the owner or otherwise], cll general partners ate also Considered principals, regardless of the percentage interest of the general pariner, 2. tn the cose of « public or private corporation or organization or governmental enfity hats @ principal (whether as the owner of otherwise], principals ao include the president. vice president, secretary, and treasyrer and other officers who are directly responsible to he board of directors or any equivalent goveming body, as well as al irectors or other members of the Governing body and any stockholder having o 25% or more interest 3, tn the cose of a limited liability company (LLC) that is « principal (whether os the owner or otherwise], ll members ‘are also considered principals, regordiess of the percentage interest of the member: 4. in the case of a ust that isc principal {whether as the owner or otherwise), al persons having «25% or more beneficial ownership interest in the assets of such tnust, 5. Inthe case of any other person that is @ principal (whether as the owner or otherwise}. all persons having o 25% oF "mote ownership interest in such other pesson ate also considered principals: ond 6 Any petson thal directly orindltectty controls, orhas the power fo control, « principal shal oso be considered & principalCERTIFICATIONS: I hereby cetily that alt he statements made by me are true, complete and corect fo the best of my knowledge and bollof and are made in good [eith including the date contained in Schedule A and any statements attached to this cerification. 1. HHurther certity that for the period beginning 10 years prior to the cate ofthis Cerification: @. During ony time that ony of the participants were principats in any multifamily rental project, no project has been foreclosed upon, no morigage has been in default, assigned to the morgage insurer (governmental or private), nor has mortgage relief by the mortgagee been given: During any time that any of the participants were principals in any mutilamily rental project, there has not been ‘any breach by the owner of any agreements relating fo the consiruction or rehabitiation, use, operation, ‘management or disposition of the project: c. To the bes of my knowledge, there ore no unresolved findings roised as a result of slote or federal audits, management reviews or other governmental Investigations Concerning any multifamily ental project in which any of the participants were principats: | ¥ |e | ars ‘Orangeburg, SC | (843) 856-4120 Debby Wai I 3 | Seven Farms Apartments Y | Charteston.SC___|sevon forms Aperimants i 2/3/2906. io «| Sites Apariments ¥ |e Chareston. SC__|ine srt: Apormonts. (843) 12/81/2006 i" 5 | shady Grove Ant ¥ me CChorteston. SC __| shady Grove Apartments, 12/91/2005, by «6s [Taurel HiT Apis Chavioston, Y¥ | sc gore Apartments, L843 12/31/2005 Iw 7 | Riledge Pace Aas Y aa Charleston,SC __frutedge Pace Apartments 12/31/2001 fo 8 | Noh Central Apariments | Neri Cerirol Apariments, | Bs ‘Chatleston, SC. [> (848) 886-4120 Dendy Wot 12/31/2008 Iv 9. [Seattiond Apis Gnareston, Y ee Sc seo wand Aperirering (24 12ys1/2008 Is to [Grand Oaks Abie Y a CChoriesion, SC |Grond Oaks Anociments. ? (8 1231/2000 Ie " 2 9 4 15 7 18 9 2 2 2 SE SRSessIeyesRRaRSSVEeE Te PAGETOTAL ar ar 100% Total UnsDate (must be no more than 30 days prior fo svomission of the Application) Schedule A: Ust of AllTax Credit Developments for Each Principal fo this Certification Complete the folowing. using separate pageli} 0s needa, for each principal. Us ail developments that have received alocations of tox crecis under Section 42 of he IRC, ACHP Bocrd Members and Remoting Corporaie Of controling GP f Proposed Project? Yow Principat ame: iroliog Non ’ Totet tow mpionce ve of Ownership Erty ana] Farine | Totsi | mcome | Plocedin | sts sue | Found? YIN Prone Numer Hi} [bee unis| “Unis service Dote| Oote | Iexpion Yes) welapmant Nome/tocaton NONE Total Uns laPAGETOTAE =o ° eowvrarCHP Orgerizafona Deecrcion ‘2908 Page dos Key Staff “anak Casper, Chief Executive Oficer and President, joined CHP in 1976. Ho has over 30 years expenses senate ond crmunty development and ding is fone wth CHP, he expanded the corporation's programs and Selves to include Architecture, ALRIsk Adolescent Services, Construction Management Energy Seninos, eiesnese Devlopment, Horetanershp Opportunies, and Housing Development an Management. In 2001 Mr Cesper was selected by the Fannie Mae Foundation a a Jars A. Johnson Community Few in 2009 Ne was Saeed to partpate he inaugural rogram ofthe Neighborhood Reinvestment Copraton and Harare tneratys Jot, Kennedy School of Gverment io Actiovng Excelence in Community Development He cirenty sess on the flowing Boards: Federafon of Appalachian Housing riers, Berea Kenly, Cee ee esing Viginia Campaign, ie Chair National NeghborWorks® Assocalon, Board Member; Wechovia Community Development Advisory Counc. orlando Artze, Chief Operating Officer and Executive Vie President ined CHP in Ap 2006, Foro phing CHP he enjoyed anineten year tne wh the Local nav Support Corporation (ISC) ar most recent carved 2s het Program Vice President forthe Southeast and Minnesota Region. Mr, Arte decty supervises the selves of CHP’s Doveopment, Housing Management, Construction, Architecture, Energy Services and orveceneship departments, He holds a maslr’s degre in Business Admiistraion fom tho Cty University of Tarver ands masirs degree in History rom Stony Brook Univesity, MF. Arie curently srves as Treasurr of the Vigna Housing Coalton. Joffrey Reed, Chit Financial Officer, hasbeen wi Community Housing Pans for seven yeas and hes Sphtedn yor of experance in finance managoront Hs esponsibl fo the superision of asl of wees With aarp of al zepuning,fomafonfeshndoyy, human resouoes and adminsvaion fndons for CHP wie see os $200 milion mn assats wih annual revenues of over $45 milion. As Chie Financial Ofior at CHP, he proves trancal and budget oversight fo over ight lagalenfes which nvaves Seventy annual aus a ee sity fx tune. Hs dfs als inde nancial compliance, sk management cash fw projections, and fpacbily analysis, Caren, Mr. Reed provides nancial input and analysis tothe President and the Board of Director. He holds a bachelor's degree in Business Administration ftom Radford Universi. Kirsten Anderson, Vice President of Asset Management, orignal joined CHP in 2004 asthe company’s Tantatlon She bsg 17 yees exparionce inthe accountng Sed tothe poston. As he asset manager, Ms segawor ig resporste for evaluating and safeguarding the long-term vay of properties owned and operated by Community Housing Partners and is aia, Ms, Anderson graduated wih BS in Accounting from Eastern Kentucky University an is licensed as a CPA in Nonh Carcina Colin Arnold, AIA Vice President and Director of Community Design Studio, serves as CHP'serchiec. He Fatde s bachelor's dogros in Environmental Design from Texas A&M and a maste's degree in Architecture rom Virgina Teoh, Colin began his enue with CHP asa 2001 FroderickP. Rose Architectural Fellow, Ho fs 3 LEED 20 raat ted Professonal and is the designer of the Tekoa Youth Campus which received the 2004 Governors Housing Award for “Best Development’ ad tho Roanoke-Lee Steet Duplex Project hat has garnered naeous national awards for grean, sustainable energy efficient deslan. Bill Beachy, Vice President of Energy Services, joined CHP in 1999, Previous exparione incu fen years 28 the state manager ofthe Virginia Weatherization Assistance Progra forthe Virgina Department of Housing and Ceysaunly Development. He has served on numerous naonal boats and advisory emiees inthe energy and Woatroizetion arena, In 1995, he recelvd the U.S. Dept. of Energy award fr oustanding sevice fo the Weatherization Progtam. Bil has a bachelor’s degtes fom James Madison University and a master's degree in Public Administration from Virginia Commonweath Universi.(CHP Organizational Deseton ‘aren Page SoS ohn Honry, Vice President of Housing Development, Mr. Hen ed tho CHP ean December 2007 and sae varsigh for al mula property reservaon as wel a mutt and sng fami davelopment activities. He aa Rafer cervng ashe Executive Director of he Humanities Foundation, 2 South Carin ‘nonprofit car iy development otanizaon. He possesses extensive housing, commer a ot credit development epetence, Henry hos 2 degree ron Bucknel Univarsy and a aw degree em Washington and Lee Univers Nona Hipp Vice President of Housing Management. Ms. Hipp, who has 26 years exFOES property nanagement, responsible forthe management ofthe corporations mui-amly preperes including relocation and ‘Pe menagement ates, She plned CHP in 2001 asa regional housing manage othe Tidewater, Virginia area, eee narred as the Assistant Vie President of Housing Management prior ther curentpostion.- i Todd Peacock, Vie President of Construction, ha beon wth CHP since 1997 ands. responsible for al slgle Foul amiy construction ecivtes,Undor his diction, CHP has completed 675 mile residential and ae stanton poets sevng the needs of oo exerale“neoe nshiduls he Pas five years. For ooring the organzalion, he spe four yeas s @ pron manager fo Branch ard ‘Associates in Roanoke, Wig Tods has managed a very of large-scale construction proeds hel ‘commercial, mul-family ard ible famty resdontal He holds a bachelors degre frm Vigra Poche Insiule and State Unversity susan Sick, Vice President of Corporate and Personnel Development... isk oinod he organization in 1993 and previously served as the director of Tekoa, nc. and CHP's reside services department, Hor responsibilties ase safegi planing, resource development, outcomes measirement, art oversgh of organization's eee eae raining, marketing, pubbs relafons and communications fureions. Ms. skis se graduate of Virginia Tech and holds a masters degree in Psychovogy.Organizational Chart Virginia Beach - Friendship Village, LLC (Ownership Entity Virginia Beach - Friendship Vilage, LLC Managing Member (.01%) Initial Investor Member (99.99%) ia Beach Development Associates, LLC ic Development, LLC. 96)“ Member (29.4%) ‘Member (19.6%) ‘Members Inc. DrewT. Fitch J. Greg Tulloch Drew T. Fitch (60%) 4, Greg Tulloch (40%) Managing Member Friendship Village Sole and Managing Member Community Housing Partners Corporation Chief Executive Officer Janaka CasperTAB E (Nonprofit Questionnaire)Sen VHDA Lene ee EEE ESSE Nonprofit Questionnaire Patt Il, 13VAC10-180-60, of the Qualified Allocation Plan (the “Plan” of the Virginia Housing Development ‘Authority (the "Authority*) forthe ellocation of federal low income housing tax credits (“Credits”) available under §42 of the Infernal Revenue Code, as amended (the "Code") establishes certain requirements for receiving Credits from the Nonprofit Pool established under the Plan and assigning points for participation of a nonprofit organization in the evelopment of qualified low-income housing. “Answers to the following questions will be used by the Authority in its evaluation of whether or not an applicant meets such requirements (aach additional shezts as necessary to complete exch question) 1. General Information a » 1108 ‘Name of development Friendship Village Name of ownerlapplicant: Virginia Beach-Friendship Village, LLC [Name of Nonprofit entity: _ Community Housing Partners ‘Address of principal place of business of Nonprofit entity: 930 Cambria Street NE Christiansburg, VA 24073 Indicate finding sources and amount used to pay for office space: Christiansburg, Virgina Beach, Winchester, and Berryville — we ‘Own the buildings, Richmond 2008 General Fund $71,858.52 ‘Tax exempt status sou) Cso1cexay Oso1) Date of legal formation of Nonprofit: _March 8, 1979 _ (must be prior to application deadline); evidenced by the following documentation: _Cerlfieate of Incorporation Date of IRS 501(@)(3) oF $01(¢X(4) determination letter: _April 15, 1982 (mast be prior to application deadline and copy must be attached). ‘Describe exempt purposes (must include the fostering of low-income housing in its articles of incorporation): ‘To sel, nance, purchase, own, manage, maintain, construc, improve, and rehabilitate housing for low and moderate income individuals and families within the Commonwealth of Virginia, as well as to initiate, assist, coordinate, develop and implement programs and activities which are Designed to ameliorate the housing needs of disadvantaged persons within and without the Commonvvealth Of Virginia [Expected life (in years) of Nonprofit: _ Eternal Explain the anticipated future activities of the Nonprofit over the next five years: CHPC wall continue to: ‘acquire, sel, finance, own, manage, maintain, construct, improve, and rehabilitate housing for low and ‘Moderate income individuals and families. Page 1 of 9NONPROFIT QUESTIONNAIRE, continued k How many fill time, paid staff members does the Nonprofit en, if applicable, any other nonprofit organization(s) (’Related Nonprofit(s)") of which the Nonprofit isa subsidiary orto which the Nonprofit is otherwise related (by shared directors, staff et.) have? 224 How many parttime, paid staffmembers? _43 Describe the daties ofall staffmembers: —_ Duties of sta ‘members include persons who have experience and responsibilities inthe area of project development, financial management and planning, property management, residential services, construction management ‘and supervision, energy management, housing counseling, housing rehabilitation, architecture, and real estaie Development ‘Does the Nonprofit share staff with any other entity besides « Related Nonprofit described above? les ENo — Ifyes, explain in detail: How many volunteers docs the Nonprofit and, if applicable, any Related Nonprofithave? —_II The Corporation is governed by a voluntary Board of Directors who serve without compensation, ‘What are the sources and manner of funding of the Nonprofit? (You must disclose al financial and or the arrangements with any individual(s) or for profit entity, including anyone or any entity related, direcily, indirectly, to the Owner of the Development. CHPC receives funding through the ‘Neighborhood Assistance Program, NeighborWorks, CHDO Operating Grants, Donations ‘Management Fees, Revenue for services provided. No financial_ arrangements exist with any for profit, ‘entity except forthe following: CHPC jointly developed Grayson Manor with Hunt Assisted Living LLC; ‘CHPC is a minority General Partner in three projects with the National Housing Corporation. Lista directors of the Nonprofit their occupations, their length of service om the board, and their residential addresses: ‘Theodore Koebel (1994)-Senior Assoc. Hang Research Cntr. AtVPIASU-2004 Walters; Blacksburg, VA ‘Greg A. Lewis (2007 ) Principal, Smith Lewis Arch. 14 S. College Ave, Salem, VA 24133 'N.L. Bishop 2001)-VP & Hosp Dir, Carilion Com. Hosp. 840 Hillerest Dr. Christiansburg, VA 24073 Karon Turner (2007) ~ Sr. VP StellarOne, 11 Franklin Rd. Roanoke, VA 24011 Harriet Dorsey (2004)-Aty., 1512 Highland Circle, SE, Blacksburg, VA 24060 ‘Susan Gooden (1999)-Asst. Prof, VCU-923 W Franklin st. 301A, Richmond, VA 23284 ‘Kimberly Mitchell (2007)- Visiting Asst. Prof. VT, 211 Wallace Hall, Blacksburg, VA 24061 ‘Malcolm Bates (2004)-Commercial Broker, Harrison & Bates, 6606 W Broad St, ste 400 Richmond, VA. ‘Jane Henderson (1993)-Pres. of VCCI Route 1 Box 573C Catawba, VA 24070 ‘Joseph Fox (2008 ) Retired Acct. 1750 E Ridge Dr. Blacksburg, VA 24060 Rev, James M, Harrison (2008)- Main St, Baptist Church, PO Box 355 Sumy, VA 23883 2. Nonprofit Formation, a 109 [Explain in deta the genesis of the formation of the Nonprofit: _CHPC began in 1975 as a volunteor cffort in emergency home repair for students at Virginia Tech. Virginia Mountain Housing was incorporated in 1979 and provided emergency home repairs, weatherization, indoor plumbing, single family ‘and multi-family housing, and other housing related activites. Virginia Mountain Housing began the acquisition of apartments in 1986 and now owns, manages, or has in development over 4500 multi-family rental units, Virginia Mountain Housing became VMH, Inc. in 1993, and in 2001, VMH, Ine. became ‘Community Housing Partners Corporation (CHPC) and now maintains offices in Christiansburg, Virginia ‘Beach, Winchester, and Richmond, Virginia, Page 2 of 9NONPROFIT QUESTIONNAIRE, continued Is the Nonprofit, or has it ever been, affiliated with or controlled by a for profit entity or local housing, authority? [7] Yes E)No Ifyes, explain in detail NA) € Has any for profit organization or local housing authority inchading the Owner ofthe Development, joint ‘venture partner, or any individual or entity diretl or indirectly relate to such Owner) appointed any directors tothe governing bosrd ofthe Nonprofit? C] Yes BYNo Ityessexplainy N/A 4 Does any for-profit organization or local housing authority have the right to make such appointments? Yes ENo ifyes, explain: _N/A €. Does any for profit organization or local housing authority have any other affiliation with the Nonprofit or ‘have any other relationship with the Nonprofit in which it exercises or has the right to exercise any other type of control? [] Yes PQNo, Ifyes, explain; _N/A ‘Was the Nonprofit formed by any individual(s) or for profit entity forthe principal purpose of being included in the Nonprofit Pool or receiving points for nonprofit participation under the Plan? Oves No & Explain in detail the past experience of the Nonprofit including, if applicable, the past experience of any ‘other Related Nonprofit of which the Nonprofit sa subsidiary o to which the Nonprofit is otherwise related (by shared directors, staff, et): __ SEE ATTACHED RESUME: Community Housing Partners Corporation. SEB ATTACHED RESUME: City Lights Development Corporation, b, you included in your answer to the previous question information conceming any Related Nonprofit, describe the date of legal formation thereof, the date of IRS 501(c)(3) or 501(&X4) status, its expected life, its charitable purposes and its relationship to the Nonprofit. _City Light Development Corporation ‘yas given IRS 501(¢)3) nonprofit status in 1989, City Light's purposes are exclusively charitable and _ include the development of decent and affordable housing for low and moderate income persons and families in the Winchester area. CHP appoints to the City Light board. CHPC’s Property Management Division manages all City Light rental properties. 3. Nonprofit Involvement. a Is the Nonprofit assured of owning an interest in the Development (ether directly or through a wholly ‘wed subsidiary) throughout the Compliance Period (as defined in §424i)(1) of the Code)? Elves No @)—Willthe Nonprofit own at least 10% ofthe general partneshiplowning entity? Yes_(] No Gi) Willthe Nonprofit own 100% ofthe general partnership interesvowning entity? Yes &]No {no to either 3a: or ai above, specifically describe the Nonprofits ownership interest [Non-profit wll own 51% of the Managing Member intrest in the owner TLL.C and willbe the Manager ofthe Mapaging Member. ‘v09 Page 3 of 9NONPROFIT QUESTIONNAIRE, continued b (®) Will the Nonprofit be the managing member or managing general partner? [J Yes. [] No tyes, where in the partnership/operating agreement is this provision specifically referenced? ‘This provision is in the Operating Agreement in the Ownership Interest Section reference Exhibit A (GW Will the Nonprofit be the managing member or own more than 50% of the general partnership interest? Bayes CiNo © Willthe Nonprofit have the option or right of first refusal to purchase the proposed development a the end of the compliance period fora price not to exceed the outstanding debt and exit taxes ofthe forprofitentty? [Yes [JNo_ Ifyes, where inthe partership’operating agreement is this provision specifically referenced? _Ses Tab V BR. Recordable agreement tached tothe Tax Credit plication as TAB V Ino atthe end of the compliance period explain how the disposition of the assets will be structured: d. Is the Nonprofit materially participating (regular, continuous, and substantial participation) in the ‘construction or rehabilitation and operation or management of the proposed Development? [J Yes []No Ifyes, (Describe the nature and extent of the Nonprofit's proposed involvement in the construction or rehabilitation of the Development: _CHPC will be involved in this project as the Developer, Architect, and General Contractor. Describe the nature and extent of the Nonprofits involvement in the operation or management of the Development throughout the Extended Use Period (the entire time period of occupancy restrictions of the low-income units in the Development): _CHPC willbe the management agent ofthe property CHPC will also be responsible forall bookkeeping activities forthe property. ii) Will the Nonprofit invest in its overall interaction with the development more than 500 hours annually tothis venture? [x]¥es [1] No ifyes, subdivide the annual hours by activity and staff responsible and explain in detail: ‘Andrea Humphreys ~ 1300 hrs/yr.~ Site Property Manager Melissa Widner - 210 hrsiyr. ~ Regional Property Manager ‘Scott Reithel — 108 hrs/yr. — VP of Property Management ‘eff Reed — 59 hrsiyr,— Budget, Overhead, ec. - VP of Finance & Administration ‘Kirsten Anderson — 104 hrs/yr. ~ VP of Asset Management ‘Tackie Davis ~ 104 hrs/yr. — Accounts Payable, Bookkeeping ‘Anjanetie Hodges ~ 150 his/yr — Corporate Controller & Explain how the ide forthe proposed development was conceived. For example, was it in response to need identified by a local neighborhood group? local goverment? board member? housing needs study? ‘Third party consultant? other? The non-profits the GP of the current owner of Friendship Village. —Theenistinglimited Partner required the property be sold. The buyer ofthe property ‘Agreed to joint venture with CHPC, and the existing extended wse “Agreement stipulated thatthe non-profit remain at 51% GP. NONPROFIT QUESTIONNAIRE, continued 1109 Page 4 of 9409 List ail general partnersimanaging members of the Owner ofthe Development (one must be the Nonprofit) and the relative porcentages of thelr interest: Non-profi-51%6 ‘Allantc Development LLC (or profi 43% If this isa joint venture, (.e. the Nonprofit isnot the sole general partner/managing member), explain the nature and extent of the joint venture partner's involvement in the construction or rehabilitation and operation or management of the proposed development. Atlantic Develop- Ment is responsible for securing funding, working with HUD on extension (Ofthe HAP contract, and overseeing construction and tax credit ‘Compliance. All listed activites will be done in conjunction with “The non-profit Isa for profit entity providing development services (excluding architectural, engineering, legal, and ‘accounting services) to the proposed development? bg] Yes ]No_ Ifyes, (explain the nature and extent ofthe consultants involvement in the construction or rehabilitation and operation of management ofthe proposed development. Same as above in 3(2) (Gi) explain how ths relationship was established. For example, did the Nonprofit solicit proposals fom several forsprofits? Did the forprofit contact the Nonprofit an offer the services? The for-profit won the bid forthe property after extensive “Marketing through broker, and then agreed toa JV with the non-profit Will the Nonprofit or the Owner (as identified inthe application) pay a joint venture partner or consultant fee for providing development services? BX} Yes ]No_Ifyes, explain the amount and source ofthe funds for such payments. The for-profit JV partner will be compensated with a sharing of developer fee and surplus cash spit According to respective interest in the projet. Will any portion ofthe developer's fee which the Nonprofit expects to collect from its participation inthe of evelopment be used to pay any consultant fee or any other fee toa third party entity or joint venture partner? Yes []No _ Ifyes, explain in detail the amount and timing of such payments. “The JV partner will be paid 49% of the developer fee when such fee is Paid through equity installments. Will the joint venture partner or forproft consultant be compensated (receive income) in any other manner, such as builder's profi, architectural and enginccring fees or cashflow? BQ Yes C]No_ Ityes, explain: “The JV partners wil share in any surplus cashflow, but not any ofthe ‘ther fees listed above Will any member of the board of directors, officer or staff member of the Nonprofit participate inthe development andoroperaion ofthe propose devlment nay orponeapacly? Yes DANG Ifyes, explain: Page 5 of 9NONPROFIT QUESTIONNAIRE, continued m. 1109 Disclose any business or personal (including family) relationships that any of the stafT members, directors or ‘other principals involved inthe formation or operation of the Nonprofit have, either directly or indirectly, ‘with any persons or entities involved orto be involved in the Development ona for-profit basis including, but not limited to the Owner of the Development, any of its for-profit general parners, ‘employees, limited partners or any other parties directly or indirectly related to such Owner: None Is the Nonprofit involving any local, community based nonprofit organizations in the development, role and ‘operation, or provision of serviees for the development? ] Yes Dg]No_ Ifyes, explain in detail, ‘including the compensation for the other nonprofits: ‘Kelsey: isn't CHPC a community based NP? Iso, may want to note that ynmunity Act Has the Virginia State Corporation Commission authorized the Nonprofit to do business in Virginie? Eyes (No Define the Nonprofit's geographic target area or population to be served: _CHPC serves low to moderate ‘income families and individuals across the Commonwealth of Virginia Does the Nonprofit or, if applicable, Related Nonprofit have experience serving the community where the proposed development is located (including advocacy, organizing, development, management, or facilitation, but not limited to housing initiatives)? Yes [No Ifyes, or no, explain nature, extent and duration of any service: _CHPC currently co-owns and manages 4,044 units is Virginia, North Carolina ‘And Florida, CHPC owns and manages the following developments allocated in the New River Vall Cedar Crest I Townhomes, Cedar Crest Il Townhomes, Cedar Crest Ii] Townhomes, ‘Orchard Grove Townhomes, Meadowview Apartments, Ellett Road, Bluegrass Apartments, SA Robinson ‘Apartments and Old Orchard Place. ‘Does the Nonprofits by laws or board resolutions provide a formal process for low income, program ‘beneficiaries to advise the Nonprofit on design, location of sites, development and management of affordable housing? [] Yes [K] No ifyes, explain: However it should be noted that the CHPC board contains representatives of low-income neighborhoods and CHPC is currently a ‘CHDO. Hias the Virginia Department of Agriculture and Consumer Services (Division of Consumer ASfairs) ‘authorized the Nonprofit to solicit contributions/donations in the target community? Byes [] No Does the Nonprofit have demonstrated support (preferably financial) from established organizations, institutions, businesses and individuals in the target community? [] Yes EXNo Ifyes, explain: Page 6 of 8NONPROFIT QUESTIONNAIRE, continued 1109 Has the Nonprofit conducted any meetings with neighborhood, civic, or community groups and/or tenant associations to discuss the proposed development and solicit inpux? [x] Yes [] No Ifyes, describe the ‘meeting dates, meeting locations, number of attendees and general discussion points: CHPC’s architect consulted with residents during his inspection ofthe property to solicit input from the current residents on what. improvernents and repairs they would like to be considered forthe rehab. ‘Are at lest 33% ofthe members ofthe board of directors representatives of he community ingserved? [] Yeu BYNo_ Ifyes () low-income residents ofthe community? [} Yes [] No i elected representatives of low-income neighborhood organizations? [} Yes C] No ‘Are no more than 33% of the members of the board of directors representatives of the public sector (Le. public officials or employees or those appointed to the board by public officialsy? Eyes []No Does the board of directors hold regular meetings which are well attended and accessible to the target community? Bi Yes []No_ Ifyes, explain the meeting schedule: CHPC’s Board of Directors meets four times each year with more frequent meetings of the executive commitiee. All meetings are open to the general public. ‘Has the Nonprofit received a Community Housing Development Organization (CHDO) designation, as defined by the U. S. Department of Housing and Urban Development’s HOME regulations, from the state or a local participating jurisdiction? [XJ Yes [J No Has the Nonprofit been awarded state or local finds forthe purpose of supporting overhead and operating expenses? £2 Yes CINo. Ife explain in detail: CHDO operating granis as follows 2003 1 awarded, 2004 awarded, 2005-1 awarded, 2006 1 awarded otaing— 5, Has the Nonprofit been formally designated bythe local government sth principal community-based ronprost housing development organization forte selected target ea? [_] Yes (No. Hye, explain: His the Nonprofit ever applied for Low Income Housing Tax Credits for a development in which it acted as a joint venture partner witha for-profit entity? DQ Yes C]No ifyes,note each such application including: the development name and location, the date of application, the Nouprofit’s role and ownership status in the development, the name and principals ofthe joint venture partners, the name and principals ofthe general contractor, the name and principals of the management entity the result of the application, and the current status ofthe development(). We serve as an additional GP along with National Housing Corporation for the following: ‘Mariner's Landing (274 units), Newport News, VA. - received credits. CHPC served as Contractor - principals of CHPC are Janaka Casper, Orlando Atze, and Jeff Reed, SL Nusbaum Realty CO. was the management agent - principals of SL Nusbaum is Alan B Nusbaum, status is ‘operational still within TC compliance Period z ‘Ocean Gate Apartments (174 units), Virginia Beach, VA recelved Credits. CHPC served as Contractor— principals of CHPC are Janaka Casper, Orlando Artze, and Jeff Reed. SL Nusbaum Realty CO. was the management agent - principals of SL Nusbaum is Alan B Nusbaum. application approved, status is operational stil within TC compliance Period ‘Woodburn Apartments (144 units), Manassas, VA - date of application- 3/1/1996 - Contractor National Housing Building Corporation — Principal -EV Hoffman - - Harbor Group is Management ‘Agent principal of Harbor Group is Dick Swift, application approved, status is operational stil within TC compliance Period We applies for tax eredits as JV pariner with Unimited Construction, Inc in 2006 for the following projects: High Meadows Associates, L.P. Peppers Crossing, L.P. The Station at Dowdy Drive, LP ‘We withdrew from these cartnerships in May, 2006 before tax credits were awarded Page 7 of 9NONPROFIT QUESTIONNAIRE, continued oc. Has the Nonprofit ever applied for Low Income Housing Tax Credis for @ development in which it acted as the sole poner pertnerimanaging member? [2 Yes L]No yes, note each such development including the pame an oeation, te date ofthe aplication, the result of the application, and he erent satus of he developments). See aiached CHPC Potolio Sheet 1p. Tothe best of our knowledge, has ths development, or a similar development on the same site, ever received ta credits before? XJ Yes LJNo IFyes, explain: This project received tax credits for a rehab in 1992. The 15 year ‘Compliance period is now over. 4 Has the Nonprofit been an owner or applicant for a development that has received a reservation in a previous ication round from the Virginia Housing Partnership or the VHDA Housing Funds? Yes [JNo. Ifyes, CCHPC received Flex Funds for Friendship Village in Virginia Beach, explain: Allegheny ‘Apis. in Radford, Atrium Apartments in Pulaski, Lafayette Vilage Family in Williamsburg, Lafayette Square in Williamsburg, and Courthouse Green Apts. in Spotsylvania, VA. SPARC funds have been ‘awarded for Lafayette Village Family in Williamsburg, Lafayette Square in Williamsburg, Lafayete Village Elderly in Williamsburg, Courthouse Green in Spotsylvania, Rivermeade Il in Yorktown, “And Yorktown Square lin Yorktown, VA. CHPC has also received VHF funds for Westbridge ADS. in Chesapeake, Codar Crest, & II, in Blacksburg, Orehard Grove in Pearisburg, Westover Commons in Petersburg, Meadowview Apts. in Pulaski, Northway Apis. in Galax, Battleground Apts. n Saltville, “Atium Apis. in Pulaski, Yorkshire Apartments in Yorktown, Honeytree Apts. in South Boston, ‘Checed Warnick Apts in Newport News, Sentry Woods Apts. in Dinwiddie, Church Manor Ap. in Smithfield, and College Green I Aps. in Warsaw, VA. His the Nonprofit completed «community needs assessment that sno more than thre years ld a that ftarminimum, denies of te defined target area's housing needs and resources? [] Yes DX]No Its, explain the need identiid: s. __ Has the Nonprofit completed a community pln tha (1) outline comprehensive strategy for addressing identied community housing needs, (2) oes a detailed work ple and timetine for implementing tho strategy, and G) documents thatthe needs assessment and comprehensive strategy were developed ‘ith the maximum possible input rom the target community? L] Yes BX] No Ifyes, explain the plan: 1108 Page 8 of 9NONPROFIT QUESTIONNAIRE, continued 5. Attachments, Documentation of any ofthe above need not be submitted unless requested by VHDA ‘The undersigned Owner and Nonprofit hereby each certify that, to the best of its knowledge, all of the foregoing information is complete and accurate. Furthermore, each certifies that no attempt has been or will be made 10 circumvent the requirements for nonprofit participation contained in the Plan or Section 42 of the Internal Revenue "5-12-07 Date ‘Owner Appficant By: x re a ey rnc Tie Date Se Nonpi By: foard Chairman 109 Page 9 of'nternal Revenue Service Department of the Treasury P.0/Box 2508 Cincinnati, OH 45201 Person to Contact: Pat Mahan 31-04019 Customer Service Representative Toll Free Telephone Number: £00 ameto8i20 pm EST 877-829-5500 Fax Number: 513-263-3756 Federal Identification Number: 54-1028025 Date: April 21, 2001 ‘Community Hollsing Partners Corporation 930 Cambria St NE Christiansburg, VA 24073 Dear Sir of Miaciam: “This Is in response.to the amendment to your organization's Articles of Incorporation filed with the state on March $, 2001. We have updated our records to reflect the name change as indicated above. Our records indicate that a determination letter issued in May 1980 granted your organization exemption from federal income tax under section 601(c)(3) of the Internal Revenue Code, That letter is stil in effect sed on information subsequently submitted, we classified your organization as one tht is not a private oundation Within the meaning of section §09(a) of the Code because it is an organization described in sections 509(a)(1) and 170(b)(1)(A)(W)- “This classification was based on the assumption that your organization's operations would continue as stated inthe application If your organization's sources of support, or its character, method of operations, of purposes have changed, please let us know so we can consiter the effect of the change on the exempt status and foundation status of your organization Your orgenization Is required to file Form 880, Retum of Organization Exempt trom Income Tax, only IF its gross receipts each year are normaly more than $25,000. If return is required, it must be filed by the 15th Gay of the fith month after the end of the organization's annual accounting period “The law imposes @ penalty of $20 a day, up to a maximum of §10,000, when 2 return is fled late, unless there is reasonable ‘cause for the delay ically excluded) are lable for taxes under the Federal Insurance ‘on remuneration of $100 or more paid to each employee during a liable for the tax imposed under the Federal Unemployment Tax Act All exempt organizations (unless specifi Contributions Act (social security taxes) calendar yaar Your organization is not (FUTA). ns-are-not subject to the excise taxes under-Chapter.42.of.the. --Organizations that are not private foundatio automatically exempt from other federal excise taxes. Cote, However, these organizations are not Donérs midy deduct contributions to your organization as'provided in section 170 of the Code. Bequests, janization of for its use are deductible for federal estate and "das, devises, trarisfers, or gis fo your org «ctax purposas if they meat the appcable provisions of sections 2058, 2108, and 2522 of the CodeCommunity Housing Partners Corporation 54-1028025 uns unless itis subject to the taxon unrelated ization is subject to this tax, it must fle an ness Income Tax Return. In this letter, we ‘proposed activities are unfelated trade oF, ‘Your organization is not required to file federal income tax ret business income under section 511 of the Code if your organ income tex retum on the Form 990-T, Exempt Organization Busi are not determining whethet any of your organization's present or business as defined in section 513 of the Code 1m available for public Inspéction without charge tion had a copy of its application for, ilable for public inspection @ copy of fe your organization's annual retul date of the retum If your organizat ebognition of exemption on July 15, 1987, tis also required fo make aval Re eemation application, any supporiing documents arid the exemption letter © ony individual who requests: ree petments in person or in writing You can charge only & reasonable fee for reproduction and.actual postage costs for the Copied materials The aw does not require you te provide copies of public inspection postage coe ara widely available, such as by posting them on the Internet (World Wics Web) Youmay ante fer a penalty of §20 a day for each day you do not make these documents, available for public ‘peetion (up to 4 maximum of $10,000 inthe case of an annual return) The law requires you to make for three years after the due ‘Because this liter could help resolve any questions about your organization's exempt status and foundation ‘status, you should Keep it with the organization's permanent records. iryou heve any questions, please callus af he telephone number shown in the heading of this fetter. ‘This letter affirms your organization's exempt status: Sincerely, g he EV plea John E, Ricketts, Director, TE/SE Customer Account ServicesCH grits Oessfin ‘arene Page tots Community Housing Partners Corporation (CHP) is a 501(c)[3} Communtty Development Corporation established in 1975 lo serve the needs of ow income individuals. CHP is a member ofthe Housing Partnership Network, the Federation of Appalachian Housing Enterprises and a chartered member of NeighborWorks® America. Over the post 32 yoa's, CHP has fostered the creation of 70 corporations; expanded is service area; assisted or produced thors than 2,000 singe family houses; built a mullamily housing inventory of ver 4,600 unis; and assisted more than 150,000 individuals wih their economic, housing, and social needs. Our residents include elderly people, ‘women and children in ransiton, formerly homeless people, single female heads-ot-household, the chronically mentally i, at~isk youth and other fale and individuals of low-income and fow-wealth CHP has 3 offices across Vigna (Christiansburg, Richmond and Virginia Beach) and a current staf of 270. Our 70 properties provid us wih considerable focal presence in northern Forda, North Carolina and roe than 30 ‘Communities spread across Virani, giving our staf the proximity and opportuny to stay attuned fo local markets fad community needs, In 2008, CHP was given an “Exemplary” organizational rating by NeighborWorks® America— highlighting cu fnancal ability es wel as cur ceadiness and capaciy fo engage in new opportunites inthe housing preservation and development field. ission: CHP’s mission is o create affordable, green, sustainable housing opportunities forthe people and ‘communities we corve. CHP’s vision isto be a leading, regional provider of afordabe, green, qualty housing, We commit fo operate programs at scale fo achieve greater effectiveness and impact, Through partnerships and collaborations inthe public and private sectors, we work fo implement these strategic goals: «+ Build, preserve and support sustainable, high qualty, affordable housing and programs that contribute fo individual success and community improvement. «Build producive parterships with customers, communities, goverment and funders thal expand support for CHP's mission «Increase CHP's corporate social responsibilty and be recognized as an “Employer of Choice” commited fo diversity staff development, industry innovation and continuous operational mprovernent. Communities of Choice: in colaboration wih stakeholders, Community Housing Partners bulls end preserves rousing and inituences the development of neighborhoods that are desirable places where people choose to Ie. Oureoncept of "Community of Choice” is a well designed, effcient, attractive, afordable, safe place to live where neighbors know and support each other and work together lo adress local issues of social, economic, and environmental sustainably. Such a community also contains these elements: + Abuitenvionment that is fiend fo the environment, esonomical to operate atactve, well-maintained ‘and durable fo the longterm; ‘+ Housing management staff who are committed to enhancing residents’ comfod, safety, stabilty and sat. suficincy skis + Resident leaders who are actively involved in leadership councis, neighborhood reclamation and comrnurity advocacy infiatves designed o mediate confi, cuivate grass rots leadership and promote the revival ofthe social contact between neighbors, nelghborhoods and institutions. «Homeowners wo are buiding wealth wile contrbuting t the preservation of stable neighborhoods through investment and civic engagement CHP Departments: + Housing Preservation and Develooment: CHP has been involve in affordable housing preservation sinoe 4675, Our 70 mulifamiy housing communities contain 4,500 unis, Adctionally, we have constructed or renovated over 1,700 single family dwelings. + Atchilectue: CHP's Commurity Design Studio (CDS) is commited to design excellence that features green and sustainable products and design. CDS architect, Colin Amol, s @ LEEDO 2 0 Accredited Professional ‘who is available fo assist others in the promotion of competent, socially responsible building practices.CHP Organizational Descetion ‘ane Page 2015 + Construction: As a licensed Class A General Contractor, we have bul or renovated over 4,000 units since 4879. Profcts range from single-family construction to laige-scale apariment renovations and CHP produces approximately 360 affordable units yea + Property Management: We have offered full-scale property management services since 1988. Services include onsite maintenance and resident services programming. CHPs portfolio of managed units has {grown from only 3 in 1988 to over 4,500 in 2008 and includes properties in Viginia, North Carolina and Florida. CHP provides Section 8 mulfamiy rent, ranstional and permanent housing for homeless, HUD 811 suppose housing for chronically mentally il, HUD 202 uns fr eldoyldisabed as well as conventional rental unis offered at reasonable marke rates. “+ Resiient Sorvces: Commitment to meeting clients’ needs le fo the intoduction of resent services in 4967 through our fret cotiied HUD Neighborhood Network Center. Current services, designed to promote selt-suffciency, include job readiness training, Ife ski, financial, academic and computer literacy traning CHP staff and community partners provide over 12,000 unilsof service in CHP-owned developments ‘annually, 1n 2004, 2 new partnership withthe Vitginia Commission for National and Community Services ‘enabled CHP to rorut 20 AmeriCorps members and enhance our ably fo provide supportive services in cur communities. «Energy Servicgs: CHP has offered Weatherization services to over 18,000 low income families since 1976, Our New River Center for Energy Research and Training offers tralning and education on energy conservation and sustainable tedhniques to technicians and organizations throughout the United States. «Single Family Homeownershig Programs: CHP has been involved in creating homeownership opportunities Since 1989, ad currently operates a cerfied NeighborWorks® HomaOunership Center in Virginia Beach. «© Wectfer homebuyer education, courselig and lending services. Our parinerships enable us to provide 0836 to below marke rate mortgage financing and down payment assistance, Since fs inception, this ine of business has produced 275 homes and educated over 1,000 femiies. Board and Partners: HP's al voluntor board of directors is composed of industry experts in real estate developmen, france, propery management, human resoures, law and administration, Under her guidance, CHP ‘works in conjuncton wth muliple private and public partners o deliver comprehensive range of housing, resident services and wealth building opportunities to our cents. In adtion to multiple jurisdictions, some of our major partners include: AmeriCorps, Bank of America, CAHEC, Enterprise, Fannie Mae Foundation, Federation of Appalachian Housing Enterprises, Federal Home Loan Bank, Fronlie: Housing, Hone Depot Foundation, Housing Partnership Network, LISC, MacArthur Foundation, NeighborWorks® America, United Way, US Department of Housing and Urban Development, Virginia Community Development Corporation, Vtgnia Department of Housing and Community Development, Visginia Department of Social Services, Viginia Housing Development Author, Virginia Tech, Wachovia, Walls Fargo Foundation ‘Accomplishments: Throughout the years, CHP has remained on the cuting edge of affordable housing — ‘expanding the industry definition to improve aesthetics as wel as to include designs and materials that are healthy for our residents and the environment, We have received recognition on a national scale and our projects, ‘organization and staf have been profied in ndusty magazines suchas the Federal Home Loan Bank's Marketwise, NeighborWorks' Bright Ideas and the Enterprise annual report. We have also received numerous state and national ‘awards and recognition over the past 6 years, including: 2001 © Janaka Casper, CHP’ president and CEO, awarded a Fannie Mae James A. Johnson Fellowship fellowship o pursue professional goals and new initiatives as a community development leader «Colin Amald awarded a Frederick P, Rose Fellowehip through 2 national competition to provide funding for & staff architectural designer over a tee year period «© Federal Home Loan Bank Program Mentor for the FHLB Black Colleges and Universities IntativeCHP Orgarizasions Deacon rates Page3oh5 «© Virginia Housing Conference Housing Achievement Award in recognition of creative financing for Blue Grass Community Apartments «Department of Energy Training Recognition at the National Weathertzation Training Conference Virginia Power EFFI Award for outstanding achievement in energy efciency Fis{ ever annual Governor's Housing Achlevement Award from the Commonwealth of Vigna in recognition of exceptional achievement in the provision of safe, secur, atfrdable housing + City of Virginia Beach Crime Prevention Award foraaderstip in cme prevention ints low income mut. family propectes «Federal Home Loan Bank of Atlanta Community Support Award for recognition of oustanding service to the community by promoting and enhancing he avatabity of affordable housing for low-moderate Income femiies «Fannie Mae Foundation Award of Excellence as 1 of 20 national ranizations chosen fr neighborhood revitalization «+ Virginia Association of Community Action Agencies, Inc or achieving the highest production cost record in the Commonwealth of Virginia for Weatherized homes '» _Janaka Casper, CEO, chosen by NRC to patipae in “Achieving Excellence" program at Harvard University. + Virginia Housing Coalition Award for being an outstanding community development corporation ‘+ Virginia Housing Award as "Best Organization.” «Virginia Housing Award for “Best Development” for Tekoa Boys Residential Campus. «Named “Best Institutional Project” by Virginia Sustainable Building Network for Tekoa Boys Residertal Campus! ‘+ Janaka Casper awerded National NolghiborWorks® Network Excellence Award. Architect Colin Amoldrevelved “Gre Virginia Green Innovation Awards + Jancka Casper tecognized as one ofthe "Top 25 Housing Leaders in Vi Virginia Housing Coalition. 2007 ‘= EPA Eneray Slat Award for Excellence in Affordable Housing «= Vieginia Conservation Network's Leadership in Green Design Award + James River Green Building Council. Go Green Award «The Virginia Housing Coalition named Calin Arnold as Best Designer for 2007 * The Home Degot Foundation's 2007 Award af Excellence for Affordable Housing Buit Responsibly forthe Roanoke Lee Stet Duplex Project. 2008 © National Energy Value Housing Award for energy efficiency and environmental stewardship for Roanoke-Lee Street Duplex Project Designer Award” from Virginia Sustainable Building Network's 2005 ia inthe last 25 years by «« Bost in American Living Award from the National Association of Home Bulders for design qualty and superiniy in the markelplane to expand homeownership opportunites for under-served Americans for Roanoke- Lee Street Duplex Project;(CHP Organizatonal Description ‘arias Page dot Key Staff “Janake Casper, Chief Executive Officer and Prasident, cined CHP in 1978, He has over 30 years experience in housing and communty development and during his tenure with CHP, he expanded the corporation's programs and acti to indude Architecture, AL-Risk Adolescent Services, Construction Management, Energy Services, Enterprise Development, Homeownership Opportunies, and Housing Development and Managemen, In 200% Mr. Casper was selected by the Fannie Mae Foundation as a James A, Jobrson Community Faiow; In 2002 he was selected to participate in the inaugural program ofthe Neighborhood Reinvestment Corporation and Harvard University’s Jobn F. Kennedy School of Government for Aahiovng Exoelence in Communiy Development. He currently serves on the following Boards: Federation of Appalachian Housing Enterprises, Berea, Kentucky, Chairman; Housing Viginia Campaign, Vice Chair; National NeighborWorks® Associaton, Board Member; Wachovia Community Development Advisory Council Oriando Artze, Chief Operating Officer and Executive Vice President joined CHP in Apri 2006, Prior to jolning CHP he enjoyed a nineteen year tenure wth the Local inflatves Support Corporation (L{SC) and most recent served as thei Program Vie Prasident forthe Southeast and Minnesota Region. Wr. Artze directly supervises the actives of CHP’s Development, Housing Management, Construction, Architecture, Energy Services and Homeownersip departments, He holds a master’s dagree in Business Administration from the City University of New York and a master's degree in History from Stony Brook Universty. Mr. Artze curenty serves as Treasurer of the Virgins Housing Coalition “Jeffrey Reed, Chief Financial Officer, has been with Community Housing Partners for seven years and has ‘ightoon years of experience in financial management. Hei responsblo forthe supervision of staff of twee wth oversight of al accounting, information technology, human resources and administration functions for CHP wich ‘onttols over $200 milion in assets with annual revenues of over $45 milion. As Chief Financial Officer at CHP, he provides financial and budget oversight for aver eighty legal enttes which involves seventy annual audits and more than eight tax roturs. is dues aso include financial compliance, risk management, cash fow projections, and feaully analysis. Curent, Mr. Res provides fancia input and analysls tothe President and the Board of Directors. He holds a bachelor's degree in Businass Administration from Radford University. Kirsten Anderson, Vice President of Asset Management, orginally joined CHP in 2004 as the company’s contoler. She brings 17 years experience inthe accounting fed tothe postion. As the asset manager, Ms. ‘inderson fs responsible for evaluating and safeguarding the long-term viability of properties owmed and operated by Community Housing Partners and is afliaes, Ms. Anderson gtaduated witha BS in Accounting from Easter Kentucky University and is oensed as a CPA in North Carotina, Colin Arnold, AIA, Vice President and Director of Community Design Studio, serves as CHP’s architect. He holds a bachelors degree in Environmental Design from Texas ABM and a master’s degree in Avcitecture from Virginia Tech, Colin began his tenure wth CHP as @200' Frederick P. Rose Architectural Fellow: He is a LEED 20 [Rowreted Professional and i the designer of tho Tekoa Youth Campus which received the 2004 Governors Housing Award for ‘Best Developmen? and the Roanoke-Lee Steet Duplex Project hal has gamered numerous national avards forgreen, sustainable energy eficlent design Bill Beachy, Vice President of Energy Services, joined CHP in 1999, Previous experienae includes ton years as the state manager ofthe Virginia Weatherization Assistance Program fr the Virginia Department of Housing and ‘Communty Development, He has served on numerous natal boars and advisory committees in the energy and ‘woatherzation arena In 1995, he received the U.S. Dept of Energy award fr outstanding service fo the ‘Weatherization Program. Bil has a bachelors degree from James Madison Universty and a master’s degree in Public Administration from Viginia Commonwealth UnivesityCHP Orgrizaionl escipon ‘908 Pap S6 John Henry, Vee President of Housing Development. Mr. Henry joined the CHP team in December 2007 and thas oversight forall muli-amily property proservation 2s well as mull and single famiy development activites, He ‘comes 0 CHP after serving as the Executive Director ofthe Humanities Foundation, 2 South Carolina nonproft community development organization. He possesses extensive housing, commercial and tx credit development txperence. Henry holds a dogree rom Bucknell University and a law degree from Washington and Lee University Nona Hipp, Vice President of Housing Management. Ms. Hipp, who has 26 years experience in property management i sponsible fr the management ofthe corporations mult family propartes including relocation and foe management aclvies, She joined CHP in 2004 as a regional housing manager forthe Tidewstr, Vigna area, ‘and also served asthe Assistant Vice President of Housing Management prior to her current poston. - R. Todd Peacock, Vice President of Construction, has been with CHP since 1997 and is responsible for al single ‘and multi-family construction activities, Under his diction, CHP has completed §75 milion in residential and ‘commercial construction projects serving the needs of fow- to moderate-ncome individuals inthe past five years Prior to joining the organization, he spent four years as a project manager for Branch and Associates in Roanoke, Virginia. Todd! has managed a varity of large-scale construction projects indusing commercial, muifamily end singe famly residential, He holds e Bachelor's degroe from Virginia Polyiechnic institute and State University. ‘Susan Sisk, Vice President of Corporate and Personnel Development., Ms, Sisk oinad the organization n 1993 and previously served as the decor of Tekoa, Inc. and CHP's resident services department Her responsi include strategic planning, resource development, outcomes measurement, and oversight ofthe organization's human resources, training, marketing, public relaions and communications functions. Ms. Siskis @ graduate of Virginia Tech and holds a master’s degree in PsychologyCITY LIGHT DEVELOPMENT CORPORATION City Light Development Corporation is a community-based non-profit housing development corporation whose purpose is to inerease the supply of decent, safe and affordable housing for low and moderate income residents of the City of Winchester, Frederick, and Clarke inia. Founded in late 1988, the corporation has completed or has under development Je-family detached houses to multi-family County Vir 84 units of housing ranging in size and type from developments for very Jow income residents. City Light isa tx-exempt 504 (©) 3) organization and fgeeives financial assistance from individuals, corporations, and foundations. CITY LIGHT ACCOMPLISHMENTS SEED MONEY GRANT RECIPIENT City Light Development Corporation was the first start-up non-profit, housing development corporation in Virginia to receive initial funding from the Virginia Housing Parinership Fund. The three-year grant cycle began in 1988 with a frst year grant of $30,000, a second year grant of $22,500, and a final grant during 1990-91 of $10,000. “CHECK OFF FOR HOUSING" GRANT City Light was the winner ofthe competition for a $20,000 grant from the commonwealth of Virginia to publicize the affordable housing check-off on state income tax returns, The grant ‘was restricted to the purchase of materials for the construction of a single-family house designed ght's proposal was funded because of the for cither elderly or handicapped persons. City innovative way in which we combined designed features for both elderly and handicapped accessibility. FHLB AFFORDABLE HOUSING LOAN COMPETITION City Light was one of only 13 corporations to receive @ commitment for low-interest toans from the Atlasta Federal Home Loan Bank in the first competition round for the ‘Affordable Housing Program. Non-profit corporations from Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia competed for the limited funds. City Light's request for $245,000 at 4% was awarded for the North Kent Court Project, a development of nine single-family rental homes for low income residents of ‘Winchester and Frederick County. :SINGLE FAMILY CONSTRUCTION North Kent Street City Light has completed the renovation of a single family house that had been deeded to us by Meleo, Ine. The two-bedroom house received extensive renovations, including raising the building in order to place a new foundation. New plumbing and heating systems were also installed to bring the building into compliance with building codes and to meet City Light standards, North Kent Court City Light designed an innovative development project involving the assembly of ten separate parcels, the vacating of @ public right of way Haddox Street, the leveraging of Community Development Block Grant funds for street and sidewalk improvements, and the ted structure situated on a large tract of land in return for a new house on a trading of one dilapi smaller parcel. This project included the construction of eight new houses in the Haddox Street area of the N. Kent neighborhood. By assembling the only significantly large piece of land in the neighborhood and by successfully petitioning the City to vacate Haddox Street, a project with significant economies of scale could be undertaken. This innovative project was recipient of the ‘Atlanta Federal Home Loan Bank's Affordable Housing Loan. Construction was completed in January, 1992. Baker Street Work began in April, 1991 on the rehabilitation of a single family house and a duplex on East Baker Street in the N. Kent Street neighborhood. ‘This inventive project included the acquisition of the property using the Neighborhood Assistance Act to provide a tax incentive for the owners to reduce the purchase price. Also, City Light received a $69,000 loan through the Virginia Housing Partnership Fund at 4% to further reduce the costs of the renovations, The three units comprising this project were completed in May of 1992 Middletown Square City Light received a donation of land in Middletown, Virginia from Cambridge Management and constructed six single-family townhomes for low income residents. To date, four of the six townhomes in Lakeview have been sold to qualified buyers. Phase If of this development, which will include the construction of an additional six townhomes, is in the planning stage.MULTI-FAMILY DEVELOPMENT Jobuson- Williams School City Light formed a limited partnership with Help with Housing, Ine., to convert the former Johnson-Williams School in Berryville into 40 apartment units for very low (50%) median income residents. A $733,000 loan at 4% interest was secured for the project from the Virginia Housing Partnership fund, Equity for the project, totalling nearly $920,000, was syndicated by City Light, with major commitments from two commercial banks and individual investors. Construction on the project is now complete, and lease up is continuing. Freemont-Chase ‘The Amoco Foundation provided City Light with a $20,000 grant to assist in the acquisition of six units in the Freemont and Chase Streets area of the North Kent neighborhood, In addition to the grant, AMOCO Foam Products Company agreed to provide labor for the renovation of one of the duplex properties comprising the project. AMOCO Fibers and Fabries agreed to provide carpeting for the duplex and the AMOCO Yorktown Oil Refinery agreed to provide unlimited fuel oil to heat the units so long as AMOCO continues with the project. At this time, five of the six units have been leased. Final closing on this project occurred in May of 1994. LOW INCOME HOUSING TAX CREDIT PROGRAM Project 1 City Light was one of the first non-profit housing development corporations in the state to undertake a rehabilitation project through the Low Income Housing Tax Credit Program. City Light solicited a $33,000 investment from the First national Bank of Strasburg and leveraged that investment into a $175,000 housing project that resulted in four two-bedroom apartments. Holcomb House City Light formed a joint venture with the Shenandoah Valley Independent Living Center (SVILC) to rehabilitate 110 Loe Street, a former doctor's office next to the ofd hospital on Stewart Street. The office was converted into a 6 units low income rental facility. With City Lights assistance, SVILC was given the office building through the use of the Neighborhood [Assistance Act, in which 50% State Tax Credits are awarded to donors to selected non-profit agencies such as City Light and SVILC. The project is complete and fully occupied.COMMUNITY HOUSING PARTNERS CORPORATION, MULTIFAMILY PROPERTY PORTFOLIO rest ‘Bec Pez scan ue rman Palen Send B Sieeeermane Enos va fuoaoe Veyloe See iS Seek wee 8 tom Berea ‘rar B_TGatomerts : Fer eatiacre i ann a ol ie — $B | are ee § —faitrawea — Hey a RSENS EEE Fucmnpitone an araasaS Fertcaiosnene —Riieowewunbss war arvoome eat) Youn we Teces atmos 3 igen Wart Be ‘cranny 5 S| Feteraccrae Fane‘nternal:Revenue Service Department of the Treasury P20} BOX 2508 Cincinnati, OH 45201 Person to Contact: Pat Mahan 31-0409 Customer Service Representative ‘Toll Free Telephone Number: 299 am to 9:20 pm. EST: 877-829-5500 Fax Number: 613-263-3756 Federal Identification Nuimber: 54-1023025 Date: April 21, 2001 Gémmunity Hoiising Partners Corporation 1930 Cambria St NE Christiansburg, VA 24073 Dear Sir or Maclam: “This is in response.to the amendment to your organization's Articles of incorporation filed with te state on March 8, 2001. We have updated our records to reflect the name change as indicated above. 1980 granted your organization exemption from (Our records indicate that a determination letter issued in May in effect federal income tax under section 01(c)(3) of the Internal Revenue Code. That letter is stil it sed on information subsequently submited, we classified your organization as one thatis not a private oundation vdthin the mearing of section 508(a) of the Code because Its an organization described in sections 509(a)(1) and 1700}(1)(A)(vi)- “This classification was based on the assumption thet your organization's operations would continue as stated in the application If your organization's sources of support, or its character, method of operations, of purposes have changed, please lef us know s0 we can conser the effect of the change on the exempt status and foundation status of your organization Your organization {s required to file Form 890, Return of Organization Exempt from Income Tax, only if its gross receipts each year are normally more than $28,000. IFa return is required, it must be flled by the 15th day of the fifth month after the end of the organization's annual accounting period The law imposes penalty of $20 a-day, up to a maximum of §10,000, when a return is fled late, unless there is reasonable cause for the delay i i | ‘All exempt organizations (unless specifically excluded) are liable for taxes under the Federal insurance Contributions Act (social security taxes) on remuneration of $100 or more paid to each employee during & ‘calendar year Your organization is not lable forthe tax imposed under the Federal Unemployment Tax Act (FUTA). tions are not subject to the excise taxes under-Chapter.42.ot he. Organizations that are not private founda not automatically exempt from other federal excise taxes, Code. However, these organizations are Donéré may deduct contrbitions to your organization as'provided in section 170 of the Code. Bequests, irganization or for its use are deductible for federal estate and "cles, devises; trarisfers, or gifts to your o _avtax purposes if they mest the applicable provisions of sections 2085, 2108, and 2522 of the Code. :Community Housing Partners Corporation 541023025 . ‘ ‘Your organization is not requied to fe federal income tak rtumns unless t's subject to the taxon, unrelated tee ana undor section 517 ofthe Code If your organization is subject to Bi tak, it must file an panes ratum on the Form 980-7, Exempt Organization Business Income 1% Retum, In this letter, we ince ecamining whether any of your organization's present or proposed actives are unrelated trade or business as defined in section 513 of the Code ‘g annual return avallable for public inspecticin without charge Ferthaea years aftor the cue date ofthe retum If your organization ad a copy of is application for preetign of exemption on July 18, 1987, Ris also required to make availabe for public inspectior a copy of fetter to any individual who requests the exemption application, any supporting documents and the exemption ‘can charge only a reasonable fee for reproduction and actual such documents in person or inwiting You eagtage costs for tro copied materials The fw does not require you fo proviee or ‘of public inspection Foe oe hat aro widely available, such as by posting them on the Internet (Worl Wits Web) Yoummay eet tor a penalty of $20 a day for each day you do not make these documents available for public “pection (up to a maximum of $10,000 In the case of an annual return) ‘The law requires you to make your organization’ Because this letter could help resolve any questions about your organization's exempt status and foundation ‘Batus, you should Keep it withthe organization's permanent records. ir you have any questions, please callus atthe telephone number shown inthe heading of this fetter. ‘This letter affirms your organization's exernpt status. Sincerely, John E, Ricketts, Director, TESE ‘Customer Account Services(CHP OxganizaionlDescpon ‘21908 Page fof Community Housing Partners Corporation (CHP) is @ $01(c)(3) Community Development Corporation established in 1975 to serve the needs of low income indivduals. CHP is a member ofthe Housing Partnership Notwork, the Federation of Appalachian Housing Enterprises and a chartared member of Neighbororks® America. Over the past 32 years, CHP has foslered the creation of 70 corporations; expanded ts service area assisted or produced ore than 2,000 single famity houses; bul a multi-family housing inventory of over 4,500 units; and assisted more than 150,000 indhviduals with ther economic, housing, and soctal needs. Our residents include elderly people, women and children in tansion, formerly homeless people, single female heads-f-househod, the chronically mental il, at-risk youth and other famiies and individuals of loveincome and low-neslth, CHP has 3 ofiees across Virginia (Christiansburg, Richmond and Virginia Beach) and a curent staf of 270. Our 70 propetis provide us wth considerable local presence in nother Florida, North Cerolina and mor than $0 Communities spread across Virginia, giving our staff the proximity and opportunity to stay attuned fo local markets ‘and community needs. In 2008, CHP was given an “Exemplary” organizational rating by NeighborWorks® America — highlighting our fiancialabilty 2s well as our readiness and capacity to engaga in new opportunities inthe housing preservation and davelopment fd Mission: CHP’s mission is lo create affordable, green, sustainable housing opportunites forthe people and communities we serve, CHP's vision i to bea leading, regional provider of affordable, green, qual housing. We ‘commit io operate programs at scale o achieve greator effectiveness and impact. Through partnerships and collaborations inthe public and private sectors, we work to implement these strategic goals: Build, reserve and support sustainable, high quay, affordable housing and programs that contbute to individual success and community improvement. © Build productive partnerships with customers, communities, government and fundors that expand support for CHP's mission + Increase CHP's corporate social responsibilty and be recognized as an "Employer of Choice committed to diversity, staff development, industry imovalion and continuous operational improvement, Communities of Choice: In collaboration wih stakeholders, Community Housing Pariners bulds and preserves housing and influences the development of neighborhoods that are desirable places where people choose to live. Our concept of a “Community of Choice” is a well designed, ecient, atractve affordable, safe place to five where neighbors know and support eachother and work togathar to address local issues of socal, eonomic, and environmental sustainably. Such a communi also contains these elements: = Abult environment that is friendly tothe environment, economical o operate, attractive, well maintained and durable forthe long term; «Housing management staff who are commited to enhancing residents’ comfort, safety, stably and sof sufficiency skis; Resident leaiers who are actively involved in leadership councis, neighborhood reclamation and community advocacy inatves designed to mediate confit, cultivate grass rots leadership and promote ‘ho rovival ofthe social contract between neighbors, aeighborhoods and institutions + Homeowners who are buiding wealth while contbuting fo the preservation of stable neighborhoods through investment and civic engagement, CHP Departments: «Housing Preservation and Development CHP has been involved in afordable housing preservation since 1875, Out 70 mutfamly housing communes contain 4,500 units Addtonaly, we have consiucted or renavated over 1,700 single family dvelings, + Architecture: CHP's Community Design Studio (CDS) is commited to design excetence that features green and sustainable products and design. CDS architect, Colin Amoi, is a LEED® 2.0 Accredited Professional whois avalable to assist others inthe promotion of competent, socalyresponsioe building practoes.(oP Onarizaional Descigion ‘ania Page 2045 «© Constucton As aicensed Class A General Contractor, we have bul or renovated over 4000 uit since 41979, Projects range from single-family construction to large-scale apartment renovations and CHP produces approximately 360 affordable units yeaty «© Propatty Management: We have offered full-scale property management sericos since 1988. Services include onsile maintenance and resident services programming, CHP's portfolio of managed units has growin fom only 31th 1988 to over 4,500 in 2008 and includes properties in Virginia, North Carolina and Florida, CHP provides Soction 8 mult-famiy rental, transitional and permanent housing for homeless, HUD {tt supportne housing for chronically mentally il, HUD 202 unis for elderycisabied es well as ‘corwentional rental unis offered at reasonable market rates. + Resident Senvces: Commitment to meeting lenis’ needs ied fo the Insoduction of resident serves in 197 though our ist certfied HUD Neighborhood Network Cenfer. Curent services, designed fo promote sof sufclency include job readiness traning, if sks, nancial, academic and computer Iteraoy training CHP staff and community partners provide over 12,000 units of service in CHP-owned developments ‘nual, In 2004, a naw partnership with the Vignia Commission for National and Community Services nated CHP to recruit 20 AmeriCorps members end enhance our abily to provide supportve soroes in cur communities. + Energy Services: CHP has ofered Weatherization senices to over 16,000 low income families slce 1976. ur New River Centor for Energy Research and Training offers training and education on eneray conservation and sustainable techniques to fechnicians and organizations througho the United States. Single Family Homeownership Programs: CHP has been involved in creating homeownership opportunities ‘ince 1983. and curently operates acerified NeighborWorks® HomeOwnership Center in Virginia Beach + Weoffer homebuyer educalion, counseling and lending services. Our parierships enable us to provide ‘aooess to below markat rate mortgage financing and down paymont assistance. Since its inception, this ine of business has produced 275 homes and educated over 1,000 familes. Board and Partners: CHP?s all volunteer boar of cireclrsis composed of industy experts in real estato developmen, fiance, property management, human resource, la and administration, Under thei guidanoa, CHP works in conjunction wh mull prate and pubic partners to deliver a comprehensive range of housing, resident services and weath building oppotuntes to our cents, In edition fo mule jurstitions, some of our major partners include: AmeriCorps, Bank of America, CAHEC, Enterprise, Fannie Mae Foundation, Federation of Appalachian Housing Enterprises, Federal Home Loan Bank, Frontier Housing, Home Depot Foundation, Housing Partnership Network, LISC, MacArthur Foundation, NeighborWorks® America, Urited Way, US Department of Housing and Urban Developmest, Vighia Community Development Corporation, Virginia Department of Housing and Community Development, Virginia Deparment of Social Services, Virginia Housing Development Authoiy, Vigna Tech, Wachovia, Wells Fargo Foundation. ‘Accomplishments: Throughoulthe years, CHP has remained on the cuting edge of affordable housing expanding the industry definition fo improve aesthetics as well as to include designs and materials ha ae healthy for our tesderts and the environment. We have recelved recagnition on a nafional scale and our project, organization and staff have been pofied in industy magazines such as the Federal Home Loan Bank's Marketwse, NeighborWors’ Bright Ideas and te Enlerpse annual report. We have also receled numerous slate and national ‘awards and recognition over the past 6 years, including 2001 ‘« Janaka Casper, CHP's president and CEO, awarded a Fannie Mae James A. Johnson Fellowship jelowship o pursue professional goals and new iatves as a community devetopment leader Colin Anold awarded a Frederick P. Rose Fellowship trough a atonal competion to prove funding fr @ laff architectural designer over a three year period ‘+ Fedral Home Loan Bank Program Mentor for the FHLB Black Colleges and Universities IntiatveCH Orparzaonl esrton ‘enon Page 3or5 «Virginia Housing Conference Housing Achievement Award in recognition of cx Grass Community Apartments ‘+ Department of Energy Training Recognition atthe National Weatherization Training Conference + Virginia Power EFFI Award for outstanding achievement in energy offiiency © Fist ever annual Governor's Housing Achievement Award fom the Commonwealth of Virglna in recognition of exceptional achievement in the provision of safe, secure, affordable housing «City of Virginia Beach Crime Prevention Award for leadership in crm prevention ints Yow income mute family properties. «Federal Home Loan Bank of Atlanta Community Support Award for recognition of oustanding sevice to the communly by promoting and enhancing the avalabill of affordable housing for low-moderate income families «© Fannie Mae Foundation Award of Excellence as 1 of 20 national organizations chosen for neighborhood revitalization «Virginia Association of Community Action Agencies, Inc. for achieving the highest production cost record inthe Commonweaith of Viginia for weatherized homes tive financing for Blue «+ Janaka Casper, CEO, chosen ty NRC to participate in “Achieving Excellence" program at Harvard University «Virginia Housing Coalition Award for being an outstanding community development corporation 2003 ‘© Virginia Housing Award as “Best Organization.” 2004 «Virginia Housing Award for “Best Development” for Tokoa Boys Residential Campus, 2005 ‘© _ Named “Best institutional Project” by Virginia Sustainable Bullding Network for Tekoa Boys Residential Campus! “+ Janaka Casper awarded Netional NeighborWorks® Network Excellence Award 2008 3 Architect Colin Amold received “Green Designer Award” from Virginia Sustainable Building Network's 2006 Virginia Green Innovation Awards = Janaka Casper recognized 2s one ofthe “Top 25 Housing Leaders in Virgnta in the lst 25 years by Virginia Housing Coaltion. 2007 « EPA Energy Star Avard for Excellence in Affordable Housing « Virginia Conservation Network's Leadership in Green Design Award ‘« James River Green Building Council. Go Green Award «= The Vitgnie Housing Colton named Colin Arood as Best Designer for 2007 ‘The Home Depot Foundation's 2007 Award of Excellence for Affordable Housing Bult Responsibly forthe Roanoke-Lee Street Duplex Project. 2008 National Energy Value Housing Award for energy afclency and environmental stewardship for Roanoke-Loo Stree! Duplex Project «= Best in American Living Award from the National Association of Home Bulders for design quality and superonty inthe markotplace fo expend homeownership opportunities for under-served Americans for Roanoke. Lee Street Duplex ProjectCHP Organizational Description raN908 Page dol Key Staff “Janaka Casper, Clef Executive Officer and President, joined CHP in 1976, He has over 30 years experience in yousing and communiy development and duing his tenure with CHP, he expanded the corporation's programs and setvies to Include Architecture, At-Risk Adolescent Services, Construction Management, Energy Sorvices, Enterprise Development, Horneownership Opportunites, and Housing Development and Management, In 200! Mr ‘Casper was selctod by the Fannie Mae Foundation 2s James A. Johnson Community Fellow; n 2002 he was ‘selected to parcpate inthe inaugural program of the Neighborhood Reinvestment Corporation and Harvard UUniversiy’s John F. Kennedy Schoo of Government fr Achieving Excollence in Community Development. He cutrenty serves onthe flloning Boards: Federation of Appalachian Housing Enterprises, Berea, Kentucky, Chaimmarr Housing Vitginia Campaign, Vice Chair; National NeighborWorks® Association, Board Member, Wachovia Community Development Advisory Counc Orlando Artze, Chief Operating Officer and Executive Vice President , joined CHP in Apt 2008, Prior to joining CCHP, he enjoyed a nineteen year tenure with the Local ntatves Support Corporation (LISC) and most recenty served 2s thek Program Vice President forthe Southeast and Minnesota Region. Mr Arze directly supervises the ‘actives of CHP's Development, Housing Management, Construction, Architecture, Energy Services and Homeownership denariments. He holds a master's degree in Business Acministraton from the City University of New York and 2 master’s degree in History fom Stony Brook University. Mr. Artze curenly serves as Treasurer of the Virginia Housing Coalition Joffrey Reed, Chief Financial Officer has been with Community Housing Partners for seven years and has ‘ghtoen yoars of experience in nancial management, Hef responsible forthe supervision of asta of weve wih versight of al accountng, information technology, human resources and administration funcions for CHP which onifols over $200 milion in assets with annual revenues of over $45 milion, As Chief Financial Officer at CHP, te provides financial and budget oversight fr over eighty logal atties which involves seventy annual aus and more than eighty tx rturs. His duties aso incude nancial compliance, risk management, cash fow projections, and feasibly analysis, Curently, Mr. Reed provides financial input and analysis to the President and the Board of Directors. He bolds a bachelors degree in Business Adminstration from Radford University Kirsten Anderson, Vice President of Asset Management, original joined CHP in 2004 2s the company's contille. She bings 17 years experience in the accounting field tothe position. As the asset manager, Ms ‘Anderson fs responsible for evaluating and sefeguarding the longterm viability of properties owned and operated by Community Housing Pastners and is afiates. Ms. Anderson graduated with @ BS in Accounting fom Eastern Kentucky University andi inensed as a CPA in North Carona, Colin Arnold, AIA, Vice President and Director of Community Design Studio, sores a5 CHP's arcitect. He holds a bachelor's dogree In Environmental Design fom Texas ABM and a masts degre in Architecture from Vigna Tech, Cola bogan his tenure with CHP as a 2004 Frederick P, Rose Architectural Fetow. He @ LEED 20 ‘howreited Professional and is the designer ofthe Tekoa Youth Campus which received the 2004 Govemor's Housing Award fr “Sest Development” andthe Roanoke-Lee Street Duplex Project that has gamered numerous raliond awards for groen, sustainable energy efficient design. Bill Beachy, Vice President of Energy Services, joined CHP in 1999, Previous experience includes ten years as the stale manager of the Virginia Weatherization Assistance Program fo the Virginia Deparment of Housing and ‘Community Development. He has served on numerous nafonal boarés and advisory committees inthe energy and vweatherization arena, In 1995, he received the U. S, Dept. of Energy award fo outstanding service fo the ‘Weatherization Program. Bill has a bachelors degree from James Madison University and a master’s degree in Pubic Administration from Virginia Commonwealth UniversityCHP Organizations Desciion ‘f908 Page 5of5 John Henry, Vice President of Housing Development. Mir. Henry ned ihe CHP team in Detamber 2007 an aan tor at mai famiy popery preseraion as well as mull and singe family development aciies He aa net Cr shor sening asthe Executive Director ofthe Humans Foundation, a South Carlnanenproft camewuniy eevelopmentorgaizeion. He possesses extensive housing, cormertil an lax cred developer caperience, Henry holds 2 degre from Bucknell Unversity anda law degree ftom Washington and se Universi Nona Hipp, Vice Preeldent of Housing Management. Ms, Hipp, who has 6 years experience a ropa eres eepesii fr te management of the corporation’ mulifamly properties including oe3ton and {oe management ates. She join CHP in 200% asa regional housing manager for he Tiewaer, Vina ree eed alee sorvad ae the Assistant Vie President of Housing Management pir to har curtent postin, ~ Todd Peacock, Vie President of Construction, has been wih CHP since 1997 ands response for al single Edel amy constuction axes. Under his ection, CHP as competed $75 millon in residents and aaa real ronsucton projects serving tre needs of lo to moderale-ncame indviduls in the pas five yoars roe toforing te organiza, he sper fur years 2s a projet marager for Branch and Assocs Roanoke, Vibe Todd nas managed a vary of large-scale constuction prj ing commer, multfanty and ale family eskdental He old a bachelor's degree from Virginia Polytechnic Inte and State Unversi susan Sisk, Vice President of Corporate and Personnel Development. Ms. Siskind the crganzation 1988 Eni press sored ashe doctor of Toko, Ic. and CHP’ resident serzes department Her responses eee sates planing, resource development, oufcomes measurement, and oversight ofthe organizations aaa coupes, traning, marking, public lations and commuricatons funcions. Ms. Siskis a quate of Viginia Tech and hots a master’ degre in Psychology.CITY LIGHT DEVELOPMENT CORPORATION City Light Development Corporation is a community-based non-profit, housing development corporation whose purpose is to increase the supply of decent, safe and affordable housing for low and moderate income residents of the City of Winchester, Frederick, and Clarke County Virginia, Founded in late 1988, the corporation has completed or has under development 84 units of housing ranging in size and type from single-family detached houses to multi-family developments for very low income residents. City Light isa tax-exempt 501 (c) (3) organization and feceives Gnancial assistance from individuals, corporations, and foundations, CITY LIGHT ACCOMPLISHMENTS SEED MONEY GRANT RECIPIENT City Light Development Corporation was the first start-up non-profit housing development corporation in Virginia to receive initial funding from the Virginia Housing Partnership Fund. The three-year grant cycle began in 1988 with a first year grant of $30,000, a second year grant of $22,500, and a final grant during 1990-91 of $10,000. “CHECK OFF FOR HOUSING” GRANT City Light was the winner of the competition for a $20,000 grant from the commonwealth of Virginia to publicize the affordable housing check-off on state income tax returns. The grant ‘was restricted to the purchase of materials for the construction of a single-family house designed for either elderly or handicapped persons. City Light's proposal was funded because of the innovative way in which we combined designed features for both elderly and handicapped accessibility. FHLB AFFORDABLE HOUSING LOAN COMPETITION City Light was one of only 13 corporations to receive a commitment for low-interest loans from the Atlanta Federal Home Loan Bank in the first competition round for the ‘Affordable Housing Program. Non-profit corporations from Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia competed for the limited funds. City Light's request for $245,000 at 4% was awarded for the North Kent Court Project, a development of nine single-family rental homes for low income residents of Winchester and Frederick County.SINGLE FAMILY CONSTRUCTION North Kent Street City Light has completed the renovation of a single family house that hed been deeded to tus by Melco, luc. The two-bedroom house received extensive renovations, including raising the building in order fo place a new foundation. New plumbing and heating systems were also installed to bring the building into compliance with building codes and to meet City Light standards. North Kent Court City Light designed an innovative development project involving the assembly of ten separate parcels, the vacating of a public right of way Haddox Street, the leveraging of Community Development Block Grant funds for street and sidewalk improvements, and the trading of one dilapidated structure situated on a large tract of land in return for a new house on a smaller parcel. ‘This project included the construction of eight new houses in the Haddox Street ‘area of the N. Kent neighborhood. By assembling the only significantly large piece of land in the neighborhood and by successfully petitioning the City to vacate Haddox Street, a project with significant economies of scale could be undertaken, This innovative project was recipient of the ‘Atlanta Federal Home Loan Bank's Affordable Housing Loar. Construction was completed in January, 1992 Baker Street Work began in April, 1991 on the rehabilitation of a single family house and a duplex on East Baker Street in the N. Kent Street neighborhood, This inventive project included the acquisition of the property using the Neighborhood Assistance Act to provide a tax incentive for the owners to reduce the purchase price. Also, City Light received a $69,000 Joan through the Virginia Housing Partnership Fund at 4% to further reduce the costs of the renovations. The three units comprising this project were completed in May of 1992. Middletown Square City Light received a donation of land in Middletown, Virginia from Cambridge Management and constructed six single-family townhomes for low income residents. To date, four of the six townhomes in Lakeview have been sold to qualified buyers. Phase Il of this development, which will inelude the construction of an additional six townhomes, is in the planning stageMULTI-FAMILY DEVELOPMENT Johnson-Williams School City Light formed a limited partnership with Help with Housing, Ine., to convert the former Johnson-Williams School in Berryville into 40 apartment units for very low (50%) median income residents. A $733,000 loan at 4% interest was secured for the project from the Virginia Housing Partnership fund. Equity for the project, totalling nearly $920,000, was syndicated by City Light, with major commitments from two commercial banks and individual investors. Construction on the project is now complete, and lease up is continuing. Freemont-Chase The Amoco Foundation provided City Light with a $20,000 grant to assist in the acquisition of six units in the Freemont and Chase Streets area of the North Kent neighborhood. In addition to the grant, AMOCO Foam Products Company agreed to provide labor for the renovation of one of the duplex properties comprising the project. AMOCO Fibers and Fabrics agreed to provide carpeting for the duplex and the AMOCO Yorktown Oil Refinery agreed to provide unlimited fuel oil to heat the units so long as AMOCO continues with the project. At this time, five of the six units have been leased. Final closing on this project occurred in May of 1994. LOW INCOME HOUSING TAX CREDIT PROGRAM Project 1 City Light was one of the first non-profit housing development corporations in the state to undertake a rehabilitation project through the Low Income Housing Tax Credit Program. City Light solicited a $33,000 investment from the First national Bank of Strasburg and leveraged that investment into a $175,000 housing project that resulted in four two-bedroom apartments, Holcomb House City Light formed a joint venture with the Shenandoah Valley Independent Living Center {SVILC) to rehabilitate 110 Lee Street, a former doctor’s office next to the old hospital on Stewart Street. The office was converted into a 6 units low income rental facility. With City Light's assistance, SVILC was given the office building through the use of the Neighborhood Assistance Act, in which 50% State Tax Credits are awarded to donors to selected non-profit agencies such as City Light and SVILC. The project is complete and fully occupied.COMMUNITY HOUSING PARTNERS CORPORATION, MULTIFAMILY PROPERTY PORTFOLIO aa, ‘Bee Bm date mvsancng ana t F. Saegomne BM mostrcreat— Wetew Fats Fo at arrone Enver fom Vepioe Ose fg Susnugeoonec Geter va $oo__Sesonayseninu0705 seed roo rates hii orcas spies —__2) _—__SSgsaurnorcve Wawa 2 Sarr iin Ne re Seuatemno ante reer vA B Res eee Sega faa. _, 3} inmcenar——fas Seon § Fmalisreccm — Fomes vec, VA & Fakesineccese Foes 5 (eeaan eat Sean Seen faieitinnense —Fenke Sense ase yf Seems Watowtamtes Se St rc Neurite, a ST eetitaaenas in omeeetamet ee Soares Bae Ferme Dwr re Ho, ioe os FR weesralVoracn sate) Yr, fe mow eae 1 Wigmnciciy Yrs ‘keen Leia 5 Younes Yeon va 3 icitnecen Fores TOTAL UMTS ansTAB F (Architect’s Certification)Sa VHDA INSTRUCTIONS FOR THE COMPLETION OF APPENDIX F ARCHITECT’S CERTIFICATION (This Form Must Be Submitted Under Architect's Letterhead and included in the Application - Tab F) NOTE: Ifthe development includes any combination of New Construction, Rehabilitation and = lAdaplive Reuse, en separate Architect Certficaions must be provided for each construction type, ‘The proper completion of this certification is critical to calculate the average unit square feet and net rentable square feet of each unit type, to document amenity items for which points ‘will be awarded, and to calculate certain elements of the efficient use of resources points. If this certification is not completed correctly there may be loss of points or disqualification of the application to compete for tax credits. I this development receives an allocation of tax credits and rovided as indicated ortification then VHDA may, at its sole option, the payment. ner of an amount uj of the Total Develoy set forth the Application) of the development as liquidated damages for such violation or the total loss of credits may result. Therefore, itis imperative that this certification reflect the true and accurate intent of what will be provided in return for an allocation of tax credits. Each section ofthis certification contains instructions on how the information should be provided. For Unit Size Calculations, the Average Unit Square Feet and Net Rentable Square Feet should be listed to two (2) decimal places. ‘The number of units indicated should be only the units for which rent will be collected. For Average Unit Square Feet calculations, the Total Square Feet should equal the Average Unit Square Feet multiplied by the Number of Units/Type. The total at the bottom of the Total Square Feet column should equal item (D) on the same page of the certification, or be within + digit due to rounding. The total at the bottom of the Number of Units/Type column should equal the number of units in the tax credit application, Accessibility certifications on page 8 are for tax credit point categories only and are not to be confused with minimum code requirements. ‘The architect signing this document is certifying that all unit and site amenities indicated in this certification are incorporated into the development plans and specifications and unit-by-unit work. write-up, and that all products necessary to fulfil these representations are available for these purposes. ‘The individual who certifies this information must initial the pages where indicated, provide the personal information requested and sign on the last page. This certification should not be mailed separately to VHDA but returned to the developer for inclusion in the tax credit application. knowledge and include thi wuction sheet as part of t Actnowedgot: Me. Printed Name: Colin M. Amold ication)COMMUNITY DESIGN ‘TO: Virginia Housing Development Authority 601 South Belvidere Street Richmond, Virginia 23220-6500 RE: ARCHITECT'S CERTIFICATION ‘Name of Development: Friendship Village Apartments Address of Development: 1235 Friendship Square, Virginia Beach, Virginia Name of Owner/Applicant: Virginia Beach - Friendship Village, LLC ‘The above-referenced Owner has asked our office to provide this certification regarding () plans and specifications, (ji) the development square footages, average unit square footages and net rental square footages, (ji) the amenities the development will have upon completion, and (iv) federal and state requirements pertaining to development accessibility for persons with disabilities. This certification is rendered solely for the confirmation of these items. It is understood it will be used by the Virginia Housing Deyelopment Authority solely ‘for the purpose of determining whether the Development qualifies for points available under VADA’s Qualified Allocation Plan for housing tax credits and future consequences for failure to provide items certified below. Plans and Specifications: Required documentation for all properties (new construction, rehabilitation and adaptive reuse) 1A location map with property clearly defined 2 Sketch plan of the site showing overall dimensions of main building(s), major site elements (ee, packing lots and location of existing utilities, and water, sewer, electri, as inthe steets adjacent to the site). Contour fines and elevations ate not required, 3. Sketch plas of main building) reflecting overall dimenstons of a. Typical floor plans) shoving apartment types and placement ». Ground floor plan(s) showing common areas, ©. Sketch floor plan() of typical delling unit(s); 4. Typical wall sections) showing foctng, foundation, wall and floor structure ‘Notes must indicate basic materials in structure, floor and exterior finish In addition: required documentation for rebabilitati properties A.unit-by-unit work write-up. 930 CAMBRIA STREET, NE. STU D | CHRISTIANSBURG, VIRGINIA 24073 (540) 382-2002 (640) 381-8270 ww communitydssignstuo.orgARCHITECT'S CERTIFICATION, continued i eration Talus ovo () separa calealsow wf square Toulaget = 1, Average UaltSquare Fist Measuenen Include A Pomla Shire of Jeaed Resa] Common Ares Ee NeLRentable Sous est Messurements Do Noi Inchide A Prorata Share of Any Common Area "and Reflet All Floor Plans of Each Unit Type (U-BR, 2-BR, we 1, Average Unit Square Feet: _ (These measurements impact the scoring of tax credit applications) For purposes of determining the usable residential heated square feet, the building(s) were measured from the outside face of exterior walls and the centerline of any party walls. All unheated spaces and stairwells which are no more than heated breezeways and nonresidential, income producing commercial spaces were subtracted from this measurement. Community rooms, laundry rooms, property management offices and apartments, heated maintenance facilites, and other common space designed to serve residential tenants were not deducted. Based on this procedure, I certify the following calculations in determining the usable heated square feet for the above referenced development: 107,091.43, (A) Total floor area in (sq. f.) forthe entire development : (B) Unheated floor area (breezeways, balconies, storage) : (©) Nonresidential, commercial (income producing) area = @) Total usable residential heated area (sq. ft.) for the development INSTRUCTIONS FOR AVERAGE UNIT SQUARE FEET CALCULATIONS: Provide the average unit size for each bedroom type, (1 bedroom elderly, 2 bedroom garden, 3 ‘bedroom townhouse, ete.) by adding the total square feet ofall the same bedroom types (2 bedroom garden with I bath and 2 bedroom garden with 2 baths) and adding the prorated share of heated ‘common residential space and divide by the total number of the same bedroom types (2 bedroom garden). Do not alter any items below. Average Number of Total Unit Types: Unit Sq.Ft x Units/Type = Square Feet Assisted Living 0.00. ° 1 Story/EFF-Elderly 0.00 0 1 Story/1 BR-Elderly 0.00 0 1 Story/2 BR-Elderly 0.00, 0 Efficiency Ekierly o 1 Bedroom Elderly oO 2 Bedrooms Elderly 0 Efficiency Garden oO 1 Bedroom Garden, 10 2 Bedrooms Garden 0 3 Bedrooms Garden 0 4 Bedrooms Garden 29 2 Bedrooms Townhouse 40 3 Bedrooms Townhouse __30 4 Bedrooms Townhouse 0 109 __ Total 104,393.24 * Including pro rata share of heated, residential common areaARCHITECT'S CERTIFICATION, continued 2. Net Rentable Square For purposes of calculating Net Rentable Square Feet, the units were measured from the face of each interior wall. The values below therefore indicate the actual square footage of each unit floor plan. (For example, there may be 2 distinct |-bedroom floor plans, 3 distinct 2-bedroom floor plans, ete. The purpose of this section of the Architect Certification is to document and certify the floor space attributable to residential rental units in the development.) Floor Plan Number of Units, Unit Type ‘Square Feet ‘This Floor Plan Total Efficiency 0.00 0 0.00, Efficiency 0.00 0 0.00 Efficiency o 0.00 Efficiency 0 0.00 Efficiency ° 0.00 Efficiency @ 0.00 Efficiency o 0.00 Efficiency 0 0.00 Efficiency 0 0.00 Efficiency oO Efficiency 0 Efficiency 0 Efficiency 0 pfficiency 0 Efficiency o 1 Bedroom, 549.58 3 1 Bedroom 605.73 5 1 Bedroom 0.00 o 1 Bedroom 0.00 0 1 Bedroom 0.00 0 1 Bedroom 0.00 0 1 Bedroom 0.00 0 1 Bedroom 0.00 o 1 Bedroom 0.00 0 1 Bedroom 0 1 Bedroom 0 1 Bedroom o | Bedroom es 1 Bedroom 0.00 0 1 Bedroom 0.00 0(Net Rentable Square Feet continued) 2.Bedroom 2 Bedroom 2 Bedroom 2Bedroom 2.Bedroom 2 Bedroom 2.Bedroom 2 Bedroom 2 Bedroom 2.Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom, 3 Bedroom 4 Bedroom 4 Bedroom ‘4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 4 Bedroom 758.14 0.00 0.00 0.00. 0.00 92735 ‘927.71 939.11 1,064.93 1,064.49 0.00 0.00 0.00 0.00, Total: 30,325.48. 0.00 0.00. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00, 0.00, 0.00 0.00, 0.00 24,977.63 0.00) 0.00) 0.00, 0.00 0.00 0.00 0.00 0.00 0.00, 0.00 0.00, 3,193.47, 0.00 0.00ARCHITECT'S CERTIFICATION, continued Development Amenities: | certify that the development’s plans and specifications, work write-up, and proposed budget incorporate all items from VHDA’s most current Minimum Design and Construction Requirements. ‘The Requirements apply to any new, adaptive reuse or rehabilitated development (including those serving elderly and/or physically disabled households). ‘The Minimum Design é Construction Requirements may be found on VHDAYs website at vw vhda.com, For any development upon completion of construction/rchabiltation: (non-mandatory amenities) 100___% a(1) Percentage of 2 bedroom units that will have 1.5 or more bathrooms 89.83 2) Percentage of 3 or more bedroom units that will have 2 or more bathrooms The development will have a community/meeting room with a minimum of 749 square feet. 6424 _% , Percentage of exterior walls covered by brick excluding triangular gabe end ste, doors windows and retaining walls) (4. alkitchen and laundry appliances meet the EPA's EnereyStar qualified program requirements ¢. Allwindows mest the EPA's Energy Star qualified program requirements £ Every unitin the development is heated and airconditioned wih either () heat, pump units with both a SEER rating of 14.0 of more anda HSPF rating of 82 or tore and a Variable speed air handling unit (or through-the-wal heat pump equipment that has an BER rating of 11.0 or more), or (i) ae conditioning units with a SBER rating of 14.0 or more and a variable speed air handling uni, combined with gas fumaces with an AFUE rating of 90% or more 2 Water expense wil be sub-mtered (tenant wil pay monthly or bimonthly bil bh Bach bathroom consists only of low-flow faucets (2.2 gpm maximum) and showerheads (2.5 gpm maxima) Provide necessary iftasrcture in all unis for high speed cable, DSL or wireless intemet service (3), Allwater heaters will met the EPA's Eneray Star qualified program requirements. initiats_C WeARCHITECT'S CERTIFICATION, continued For all developments exclusively serving elderly and/or handicapped tenants, upon completion of construction/rehabilitation: (non-mandatory amenities) a, All cooking ranges will have front controls ». All units will have an emergency call system c. All bathrooms will have an independent or supplemental heat source 4. All entrance doors have two eye viewers, one at 48” and the other at standard height oo000 For all rchabilitation and adaptive reuse developments, upon completion of construction/ rehabilitat (non-mandatory) (The stractre is sted individually in the National Register of Historie Places or is located in a registered historic district and certified by the Secretary of the Interior as being historical significance to the district, and the rehabilitation will te completed in sch a manner as tobe eligible fr historic rehabilitation tx credits Building Structure: ‘Number of Stories [J Low-Rise (1-5 stories with any structural clements being wood frame construction) [ Mid-Rise (5-7 stories with no structural elements being wood frame construction) B Bigh-Rise (8 or more stories with no structural elements being wood frame construction) InitialsARCHITECT'S CERTIFICATION, continued Accessibility: | certify that the development plans and specifications meet all requirements ofthe federal Americans With Disabilities Act | certify that the development plans and specifications meet all requirements of HUD regulations interpreting the accessibility requirements of section S04 of the Rehabilitazion Act. Please reference Uniform Federal Accessibility Standards (UFAS) for more particular information. ‘Check one or none of the following point categories, as appropriate: For any non-clderly property in which the greater of S or 10% of the units (i) provide federal project-based rent subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons: Gi) conform to HUD regulations interpreting accessibility requirements of section 504 of the Rehabilitation Act; and (ii) are actively marketed to people with special needs in accordance with a plan submitted as part of the Application, (If special needs include mobility impairments the units described above must include rol-in showers and roll under sinks and front controls for ranges). 50 pts. (For any non-elerly property in which the greater ofS or 10% ofthe units) have rents within HUDYs using Choice Voucher (“HCV”) payment standard i) conform to HUD regulations interpreting accessibility requirements of section 504 ofthe Rehabilitation Act; and (i) are actively marketed to people with mobility impairments including HCV holders, in accordance with a plan submitted as part the Application, 30 pts. orany non-eldrly property in which a lest four percent (4%) ofthe nits conform to HUD regulations interpreting accessibility resuirements of section 504 ofthe Rehabilitation Act and sre actively marketed to people wth mobility impairments in accordance with a plan submitted as part ofthe Application. 15 pts. As architect of recor for the above referenced development, the above certifications are correct to the best of my knowledge. Signed Printed Name: Colin M, Amold Tits Director Virginia Registration #: 11337 fee Phone: (540) 382.2002 x 333, Date: 13 May 2009 NOTE TO ARCHITECT: Any change in this form may result in disqualification or a reduction of points under the scoring system. If you have any questions, please call Jim Chandler at VHDA (804) 343-5786. Return this certification on Architect's Letterhead to the developer for inclusion in the tax credit application package.ee VHDA Appendix F Units in the development will meet VADA's Universal Design Standards. Before issuance of IRS Form 8609, applicant will provide documentation to VHDA as evidence that such units meet VHDA's Universal Design standards. The number of rental units that will meet these standards: The total number of rental units in this development: 109 NOTE: For Elderly Developments, 100% of the units in the development must meet the Universal Design standards in order to qualify for points. For Family Developments, points are awarded based on a percentage of the number of units meeting the Universal Design standards. For the tax credit applicant to qualify for points associated with Universal Design, the architect of record must on VHDA's list of Universal Design certified architects.Ba VHDA Appendix F ““""RarthCralt or LEED Development Cerication [ Eartheraft Certification - The development’s design meets the criteria for EarthCraft certification according to energy modeling projections and the areas of emphasis worksheet. Before issuance of IRS Form 8609, applicant will obtain and provide EarthCraft Certification to VADA. (1 LEED Certification - The development's design meets the criteria for the U.S. Green Building Council LEED green building certification. Bofore issuance of IRS Form 8609, applicant will obtain and provide LEED Certification to VHDA. NOTE: Select only one of the above two options. For the tax credit applicant to qualify for points associated with this section, the architect of record must on VHDA's list of LEED or Earthcraft certified architects, as appropriate. Signed: Printed Name: Colin M. Amol Architect of Record (Game individual as on page 8) Date: 5/13/09 10VHA Appendix “STERD Accreanca Deen ream Member cermicanon ‘Please identify the following information of the LEED Accredited Professional: ‘Name: Colin M. Amold Company: Community Design Studio, LLC Title: Director zee Phone Number ($40) 382-2002 x 333, Fax Number: (540) 381-8270 Email ‘[email protected] below under the U.S. Green Building Council's LEED the attributes of the proposed development which would or may qualify for points fication rating system: * (Add space as necessary) WE Credit 12 Weter Efficient Lanscaping: No Potable Water Use or No Irvigation EA Crodit 1 Optimize Energy Performance EA Credit 4 Enhanced Refrigerant Management MR Credit 1.1 Building Reuse: Maintain 75% of Existing Walls, Floors & Roof MR Credit 1.3 Building Reuse: Maintain 50% of Interior Non-Structural Elements ‘MR Credit 2.1 Construction Waste Management: Divert 50% From Disposal MR Credit 4.1. Recycled Content: 10% (post-consumer + 1/2 pre-consumer) MR Credit 5.1. Regional Materials: 10% Extracted, Processed & Manufactured Regionally BQ Credit 3.1 Construction [AQ Management Plan: During Construction EQ Credit4.1 Low-Emitting Materials: Adhesives & Sealants EQ Credit 42. Low-Emitting Materials: Paints & Coatings EQ Credit 62. Controllability of Systems: ‘Thermal Comfort BQ Credit 8.1 Daylight & Views: Daylight 75% of Spaces 3. Please attach a copy of the LEED Accredited Professional Certificate to this document. * This page mus Signature of LEED Acfredited Proessional 05/13/09 Date ist include items that would qualify for points under the LEED certification system. No points will be awarded in this eategory if nothing is listed here. © This indi tal is not required to be the architect of reoprd signing the Architect Certification. Its,sufficient that this individual is a member of the design team. 2TABG (Relocation Plan)community 100 West Franklin Street, Suite 300 housing Richmond.VA 23220 804.243.7201» 804.243.7208 fx partners TDD: 1.800545. 1033 ox. 274 RELOCATION PLAN Kor Friendship Village Virginia Beach, Virginia ‘The owner, Friendship Village, LP, agrees to comply with the Relocation Assistance Guidelines provided by VHDA. These include: Relocation payments Relocation assistance 120-day vacate notice Full communication of plans Documentation of compliance paeyr ‘The owner intends to carry out the rehabilitation of this housing using temporary relocation of the residents on the property. If in the end the renovation can be accomplished with the residents in place then the owner will do so. The owner will comply with all aspects of the VHDA relocation requirements. All temporary relocation costs of residents will be paid by the owner, including packing, moving, utility connections, and disconnects. Residents will be given the option of staying in the relocation unit or returning to their original unit Permanent relocation is expected to be minimal. Residents who are over the income limits set by the tax credit program will receive financial assistance in accordance with the VHDA guidelines. Staff will help expedite retum of security deposits and assist in identifying comparably priced apartments. No current leases will be terminated. Relocation costs are a line item in the project budget; however, if additional costs occur, the contingency line item will be used to offset added costs. wow.communityhousingpartners.org ‘WeightsTAB H (PHA/Section 8 Notification Letter)See VHDA - Ba UU UU EE EEE” PHA or Section 8 Notification Letter {This Form Must Be Included With Application) April 23, 2009 TO: — City of Virginia Beach Housing & Neighborhood Preservation 2424 Courthouse Dr, Building 184. Virginia Beach, VA 23456 Attention: Dale P. Gravett, Housing Administrator RE: PROPOSED AFFORDABLE HOUSING DEVELOPMENT Name of Development: _Friendship Village Name of Owner: Virginia Beach-Friendship Village LLC 1 would like to take this opportunity to notify you of a proposed affordable housing development to be completed in your jurisdiction. We are in the process of applying for federal low-income housing tax credits from the Virginia Housing Development Authority (VHDA). We expect to make a representation in that application that we will give leasing preference to households on the local PHA or Section 8 waiting list. Units are expected to be completed and available for occupancy beginning December 12010 The following is a brief description of the proposed development: Development Address (should correspond to I.A.2 on page 1 of the Application): 4235 Carver Ave, Virginia Beach, VA 23451 Proposed Improvements: (Should correspond with I.B & D and III.A of the application) (DJ New Construction: __ # Units # Buildings Total Gross Floor Area CAdaptive Reuse: # Units # Buildings Total Gross Floor Area TF Rehabilitation: 710 #Units “20 _ # Buildings 97835 Total Gross Floor Area Proposed Rents (should correspond with VII.C of the Application): Efficiencies: $ month © 1 Bedroom Units: $ _703 / month (2 Bedroom Units; $ 850 _/ month 3 Bedroom Units: $ 810 J month (1) 4 Bedroom Units: $ “912 J month 5 Bedroom Units $1,010 dmonthPHA or SEC 8 Notification Letter, continued Other Descriptive Information (should correspond with information in the application): Units range from one to five bedrooms, and are rent subsidized with a project-based HAP contract. We propose to rehabilitate the units, adding new kitchens, windows, HVAC, and bathrooms. Plans include achieving Earthcrafi certification on the rehab. We will appreciate your assistance in identifying qualified tenants. If you have any questions about the proposed development, please call me at (804) 343-7201 Please acknowledge receipt of this letter by signing below and returning it to me Sincerely yours, hn Henry Representative-of Owner/Applicant Title VP-Development To be completed by the Local Housing Authority or Sec 8 Administrator: Seen and Acknowledged By: A au Lp Yh a ve Printed Name: __Dale P. Gravett Title: _Housing Administrator Phone: _(757) 385-5750 Date: _ April 23, 2009 so eeeeeteTAB I (Local CEO Letter)City of Virginia Beach vBgov.com etateonogo presersarow Quon ‘Bo sn secerat ‘egrcaming Geoeee orca omson Locality CEO Support Letter ‘Apail 27, 2009 sim Chandler Virginia Housing Development Authority 401 South Belvidere Street Richmond, Virginia 28220 \VHDA Tracking Number: 2009-1059 Development Name: Friendship Vilage Name of Owner/Applicant: “Virginia Beach-Friendship Vilage LLC Dear Mr. Chandler: The construction or rehabilitation of the above-named development and the allocation of federal housing tax credits available under IRC Section 42 for said development will help to meet the housing needs and priorities of Virginia Beach. Accordingly, Virginia Beach supports the allocation of federal housing tax credits requested by Virginia Beach-Friendship Village LLC for this development. Yours truly, Kdgors lames K. Spore ity ManagerTAB J (Homeownership Plan) NATAB K (Site Control Documentation)mMEIEIT A — THIS DEED, made this 25th day of November, 1991, by and between VIRGINIA BEACH FRIENDS HOUSING CORPORATION, a Virginia corporation, Grantor, and FRIENDSHIP VILLAGE LIMITED PARTHERSHIP, a Virginia limited partnership, Grantee, PROVIDES: ‘HAT IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknovledged, the Grantor does hereby convey, with General Warranty and English Covenants of Title, unto the Grantee, ALL THAT CERTAIN LOT OR PARCEL OF LAND, lying and being jn the City of Virginia Beach, Virginia, and designated as 8.074 acres as shown on that certain plat entitled "Plat Showing Street and Basement dedication for Friendship Village, Lymmhaven Borough -- Virginia Beach, Virginia*, made by Frank D. farrall, Jr. and Associates and dated October, 1969; more particularly described as follows: BEGINNING at a point which is the southwest corner of Lot 9, in Block 4, as shown on the plat entitled “Subdivision known’ as Morgan Terrace, Located near Seatack in Princess Anne Co., Va-", dated February 11, 1946 and duly recorded in the Clerk's Office of the Circuit Court of the City of Virginia Beach, Virginia in Map Book 18, Page 39, and from said point of beginning running N 76° 20°17" W 868.85 feet to a point; thence N 21° 16/20" B 94.54 feet to a point: thence N 09° 27745" W 215.76 feet to a point; thence S 77° 03/15" B 61.03 feet to a point; thence S 63° 43/15" E 53.40 feet to a point; thence S 79° 43/15" E a distance of 295.60 feet to an old pin7 thence S 76° 13/15" B 353.87 feet to the northwest corner of a 30-foot unnamedstreet on the aforesaid plat of Morgan Terrace: running thence S 08° 01/00 W along the west side of ‘the aforesaid street 287.64 feet a a point; thence along the arc of a curve to the left whose radius is 55 feet a distance of 269.22 feet to a point; thence along the arc of a curve to the right whose radius ds 20 feet a distance of 26.02 feet to a point: thence S 76° 15400" E 166.72 feet to a point; thence 5 08° 02/00" W 146.54 feet to the point of BEGINNING; AND BEING ALL THAT SAME REAL ESTATE conveyed to the Grantor herein by deed dated October 29, 1969, from ‘Thomas M. Murphy, et al., which deed is recorded in the Clerk’s office of the Circuit Court for Virginia Beach, Virginia in Deed Book 1142, Page 718. THIS CONVEYANCE IS WADE SUBJECT TO all easements, restrictions and conditions of record affecting the conveyed property or any part thereof. WITNESS THE FOLLOWING SIGNATURE: VIRGINIA BEACH FRIENDS HOUSING CORPORATION BY: RESIDENT SCS COMMONWEALTH OF VIRGINIA CITY OF VIRGINIA BEACH ACKNOWLEDGED BEFORE ME this ____ day of 1991, by , President of VIRGINIA BEACH FRIENDS HOUSING CORPORATION, a Virginia corporation, on behalf of said corporation. vinci tnfle Clerk + Otice of the Cuca Cou of Virgie Beach elle tay of : Chase ae a 21532 Ibis instrument was recewed and upon the cevecat of achrouledgnon there anasedadgted fo econ. he ts mgosed by Win tebe Ae tas been pee of) cunia Fret, Gi Pept en reste 3 cf fbb bane h pc. » Muthite, »¢TAB L (Plan of Development Certification Letter) NATAB M (Zoning Certification Letter)City of Virginia Beach VBgov.com tds reserva secu courenous ome Paxtran saeee coun 2H oan S08 ‘Too uenseseree ‘eopesmisetonsra Sob nore owen FOr" "Virginia Housing Development Authority 601 South Belvidere Street Richmond, Virginia 23220 Attention: Jim Chandler RE: ZONING CERTIFICATION ‘Name of Development: Friendship Village ‘Name of Owner/Applicant: Virginia Beach-Friendship Village LLC Name of Seller/Current Owner: Friendship Village Limited Partnership The above-referenced Owner/Applicant has asked this office to complete this form letter regarding the zoning of the proposed Development (more fully described below). This certification is rendered solely for the purpose of confirming proper zoning for the site of the Development. It is understood that this letter will be used by the Virginia Housing Development Authority solely for the purpose of determining whether the Development qualifies for points available under VHDA’s Qualified Allocation Plan for housing tax eredits. DEVELOPMENT DESCRIPTION: (To be provided by the Owner) Development Address: (Should correspond to 1.A.2 on page 1 of the application) 1235 Carvér Ave, Virginia Beach, VA23451 ‘Legal Description (should correspond to the site control document in the application): See attached Proposed Improvements (should correspond with I.B & D and INA of the application): [New Construction: # Units # Buildings Total Gross Floor Area Adaptive Reuse: # Units # Buildings Total Gross Floor Area (CF) Rehabilitation: 110 #Units 20 # Buildings _97835_ Total Gross Floor Area.ZONING CERTIFICATION, Page Two Current Zoning: _A-12 allowing a density of 2 Units per acre, and the following other applicable conditions: Zoning is proper only if the property on which the development is or will be located complies with existing zoning requirements; provided, however, that if the zoning is not residential with an “R” designation, zoning will not be deemed to be proper, unless the chief executive officer of the locality certifies, on behalf of such locality, approves the request of the above-referenced Owner/Applicant to such locality that the zoning be deemed to be proper for the sole purpose of awarding points under the Qualified Allocation Plan, notwithstanding that the zoning for the property does not have an “R” designation. Other Descriptive Information: (Should correspond with information in the application) Units range from one to five bedrooms, and are rent subsidized with a project-based HAP contract. We propose to rehabilitate the units, adding new kitchens, windows, HVAC, and bathrooms. Plans include achieving Earthcraft certification on the rehab LOCAL CERTIFICATION: (To be completed by the appropriate local official or Civil Engineer) Check one of the following as appropriate: The zoning for the proposed development described above is proper and currently is an “R” zoning designation or a special use permit has been issued. To the best of my knowledge, there are presently no zoning violations outstanding on this property. No further zoning approvals andlor special use permits are required, [1 The development described above is an approved non-conforming use in an “R” zoning designation. To the best of my knowledge, there are presently no zoning violations outstanding on this property, No further zoning approvals and/or special use permits are required. [1 There are no zoning requirements currently applicable to the site described above. Gighaturey _Karen Lasley _ Zoning Administrator CTitle of Local Official or Civil Engineer) Phone: _(757) 385-1264 EE Date: _April 27, 2009 eeeZONING CERTIFICATION, Page Three ‘To be completed only by Chief Executive Officer (applicable only if zoning does not have “R” designation): ao ‘The zoning for the proposed development does not have an “R” designation, however, the chief executive officer of the locality certifies in the space provided below that he/she has, on behalf of such locality, approved the request of the above-referenced Owner/Applicant to such locality that the zoning be deemed to be proper for the sole purpose of awarding points under the Qualified Allocation Plan, The undersigned, who is the chief executive officer of the City/County of > Virginia, hereby certifies that he/she has, on behalf of such locality, ‘approved the request of the above-referenced Owner/Applicant to such locality that the zoning be deemed proper for the sole purpose of awarding points under the Qualified Allocation Plan, notwithstanding that the zoning for the property does not have an “R” designation. (Signature) Printed Name) Gille of Chief Executive Officer) Date:TAB N (Copies of 8609s To Certify Developer Experience)CHPC Developer Experience Following are 8609 Forms for 6 previous Low-Income Housing Credit Allocations: Sentry-Woods — Petersburg, VA 30 Units College Green I— Warsaw, VA 32 Units Honeytree— South Boston, VA 48 Units Checed Warwick — Newport News, VA. 48 Units Church Manor — Smithfield, VA. 50 Units Yorktown Square I - Yorktown, VA 56 Unitsex 8609 Low-Income Housing Credit Setter Allocation Certification ERPTIEE Allocation of Credit. Caution: Use for locations made in 2005 and ate or, inthe case of buicings financed with tax-exompl bonds, bonds Issued or buldings placed in service in 2008 or later. M8 He, 18 Check [E]__ Alton to Quatiod Basi [Amended Fon |A. eres sc ulling (donc se P.O. box) (see estos) Name and adress of housing credit agency So1s—$o16 s Virginia Housing Develcpment Authority Fete. 601, 5. Belvidere Street Richnond, VA 23220-6504 an, TN obuling omer eirg aoxten | DEK nrberof ey 54-0921892 1529 W. Main Se., Suite 200 Bulding dentcaton raber B18) vA8#24004 “a Dateotatocaton p 12/12/03 b Natirumbovsng ced deliv anoint [tb | § 4,738 2. Maximum appcabl ret percentage alowzle 2_| 776% 3a Maximum quod bass ee aa | 360,683 Check here 1] ifthe eligible basis used in the computation of ine 32 was increased under the tighcost area provisions of section 42(64S)C). Enter the percentage to which the egbie basis was ineased (se nstuctons). 4 Percentage of the agregate bass france by tacarempl bonds (if ze0, eler-0+) 5 Date buldng placed inservice > 12/iros § Check he bores that dscibe the locaton fr the building (check those that nel ‘2 Eq Naniy constructed and federalysubsiized —b L] Newly constuced and notfederaty subsized —¢ [1] Existing bling 4 Ei Sex, (6 rahabiitaton expenditures fader subsidized Bi Sex. 42) habitation expenditures not deal subsidized 1G notteeraty susie by reason of 40-50 ue under cee. 40K2NE) _g [5 Aocaton subject to nonprofit set-aside under sec. 42 Signature of Authorized Housing Credit Agoncy Oficial ~ Completed by Housing Credit Agency Only Ter penalles of pry, [deca fat tho allocation made isn carplanco wih tho roquramants of secon 42 ofthe Ileal Revenue Code, az that have examined this for and io my knowledge abel, the information is ne, corect and complete JANES M. CHANDLER & Signature of authorize » ROTHORTZRD OFFICER ’ SY0-O6 ae ee First-Year Cerlfication - Completed by Building Owners with respect othe first Year ofthe Credit Period ‘Name (please iype or ring) 7 Eig base of bag (ee nse) : 7_]_60,645 88 Orginal ied ba of te ulna os offs year of et pd @ | (pn o> fre yu tein tis ting as par of mut tkng poet for gute of ean (sectstuctans)?. x ye O to Sa _ If box 6a or box 6d is checked, do you elect reduce eas ue section @2I2I8)? Yes (1 No 1 Doyevdet rue eget ty Sspoporional cost nndowineoe nfs (econ dH? «EE. Yes, «EN 40 Chock the appropriate box for each lect: Cain: One ade, fe flowy scons re ireocab Eloct fo begin oracit pared the fist year after the butdng is planed inservice (section 42((1). Cove No tno rat ge parhraip a taxpayer (Seton 425) ves ‘ect minimum set-aside requrement (scion 429) (see iuctons) CC] 2080 4060) 2550 (NY.C.onty lec deep rent skewed roec (secon 142046) (se nstusions) O40 b 4 ~Disoaeeee, > af ape — dite Dee steseeeeceeeeeeeeeet Ta aTvm 8609 Low-Income Housing Credit Sioa Allocation Certification cf 15 ‘Allocation of Gredit. Caution: Use for alacations made n 2005 and later or, in the case of builsings financed with ‘ar-oxempt bonds, Bonds issued or buildings placed in servi in 2008 or later. Chockit: Co] Adsiion to Qualified Bass ©1_Amended Form 'A. Aires cf building (do rot se P.O box (se instuesons) ame and abess of housing credit agency 17 alvebird Lane Vikginia Housing Develeprent Authority warsau, UP 22572 601 8. Belvidere Street Richmond, VA 23220-6500 © Name, address Sd TIN of bullding owner rectvrg locaton | D_Employerdenoation numberof agency Warsan ~ College Green I, IIc s4-0921092 1520 W. Main St., Suite 200 Richmond, VA 23220 Bulg entiation nurber (2) TN 700038825, ‘vR0307001 Ya Dale fatocaion > 12/12/03 Newimumhousing crest doter amount lowe, | 4b | $71 997 2 Maximum applicable cred percentage afowable ie 2 | 1.73% 3a Maximum qualified basis $102,769 Checkhere > 1] ifthe eligible basis usa in the computation of ine 3a was increased under the high-cost area povilons of section 42(¢(8X). Enter the percentage to which he eile basis was increased (ee instucions) : ee Percentage of the aggregate basis Snanoed by ax-exemp tends. (If 210, entor-0-) 4 5 Dale tiling placed in service . : > 9/22/05 EE 5 Check the boxes thal describ the allocation forthe bung (chack those tht ppl ‘a C]Neuly constucied and federally subsidized b LJ Newy consiucied and not federaly subsidized ¢ ] Existng building 4 [] Seo, 42(e rehabllaion expenditures federaly subsicized 1 Bg) Sex. 42()rehabtaion expenditures not federally subsidized + ElNottedcaysubsiiza by reason of 0.50 nde under seo. 42(2)) _ 9 BS) Alcan subject to nonprofit set aside under sec, 42h) “Signature of Authorized Housing Credit Agency Official - Completed by Housing Credit Agency Only Trex penaiios ol parry, | declare Tal the alocaon made sn complanc wih be requremenis of secon 42 of te intemal Revenus Code, and that have examined ths form an he bes! af my knowledge and bef, the infomation is rue, core and complet. JANES M. CHRNDLER > __autuonrzzp orice > SOs Ta pease pe orn) Dale First-Year Certification - Completed by Building Owners with respect tothe first Year of the Credit Period 7 Bligible basis of building (see instructions). . + i iO2Z272% a Oxia quate basis of he bldg at lose fit yar of et pod se | (02,794 1b Av yutating ts bung et 2 uli bling poet or purposes of ston 42 (Geeinstuconsy?. .. Pa aeiieed edits MK ves Ol No 9a. {bax Ba or box 6d is checked, do you elect to reduce eligible basis under section (42(iM2)(8)? O Ys O No Do you elect to reduce eligible basis by disproportionate costs of non-low-income uns (section 42(c)3))? GO Yes No 40 Checkthe appropriate box foreach election: Caution: Oree made, fe flowing eects ae ireocabe. x No lect ogin cet psd te fis! yar ater tho ulng i placed In serie (section 421) O ves b Elect not to treat large partnership 2s taxpayer (section 42(/X5)) Ol Yes Elect minimum setae requroment (econ 42g) (sea instuctens) C] 2060 PRY aoe0 L] 25600v.C.ont) 4 Elect doap rent skewed project (section 142{¢)(4(8) (see instructions) : i Oo 140 es por Tes ually 20 atc ated anne haa pet and meds he reguremans of teal Revene fo he batol my hnwye ard ole, te econ an complet cose be > ME IBV ERM » fase “air deter sink cs > % : > ors. soeieee aoe - ‘Name (please'type or pr ara Tax year For avacy Ret nd Papawnrk Reduction AdWolice, see mature. Ere aT Form BEDS wern 8609 Low-Income Housing Credit Sopeerttte tee Allocation Certification ve 145.098 Morais nce Patt Ee 1 of Credit. Caution: Use for allocations made in 2005 and ater or, In the case of Buildings fnanced with fex-exempt bonds, tons issued or buildings placed in servic in 2005 or lator Check tt _[C] Addition Qvated Base Amended Fom ‘A. Ades of bullding (40 nat use P.O, box (68 nsuatons) B Nome and edress of housing credit agency 2301 Hamilton Boulevard Virginia Housing Development Authority South Boston, VA 24582 601 S, Belvidere street Richmond, VA 23220-6504 © Name, aétress, and TIN of building owmer ooking alccaton | D Employer idenificaton number of agency Halifax ~ Honeytree, Le s4-o9z1892 1520 W. Main St., suite 200 Be eepea ete aed Bung Wentileaton rember (IN) TN > tet878812 YRO313001 1a Dato ofalocaton > 2 Maximum applicable credit percentage alowable 3a Maximum quatfod tas, Checctew > Ly fhe egble bas edn he computation of in 2a vas Inceased urdar the high-cost area provslon of econ 42(4(5)C). Ener the percentage to wich the eld basis was increased (ee intrusions)... a { Pronigeotiesqense as ncadby arson, (amon 0 Date uit placed inservice seb 8/30/08 a Check the bcs hat eect he location te buick howe hae aC Newiy costucted and federal sisidized b } Naw consnctod and nt feral subsidized ¢ (2) Existing bling dy Sec. 42) rehaitaon expands fodoralysubedzed @ [1] Sec, 42} reebiiaton expences not federal subsidized £_[7] Not feeraty subsiized by resson of 40-50 ne unde see. 4216) _g il Aloclon sujet io renpoft st aise under sec AHS) Signature of Authorized Housing Crealt Agency Offical - Completed by Housing Credit Agency Only ade peas of pray, | daciae thal the alocafion maces in corplance wih fe reqivamants ol secon 4 ofthe iniral Ravonue GodS anc thal Ihave examina is form and othe boa iy knowledge and bee, the niormalon fe, conet and compa, JANES M, CHANDLER omuoAteRD OFFICER 1 SVO-O6 (COL (piste pe ore) 2/12/93 Maxémum housing credit dotar amount alowable, [tb | 3 6,507 > ‘Snare of aahataad oS First-Year Certification — Completed by Building Owners with respect to the first Year of the Credit Period Eligible basis of bulldng (se2 instructions) eae ee fe 7 145,465 414 Ona! quatfedbas th bung lose fit yarch rt pod ta | 145. Gos Are you treating his bing as par ofa mutiple bulking project for purposes secon 42 (eee instructions)? . « We ves Oto 92 ITboxSa0r bax is checked, do you oc rede olgbe base under socton WAKE)» - O ves O wt +b Do you let to reduce eis base by csproprtionate costs of nan cwcnce unis cecton 42K)? «EC Yes. «Eto 40° Cheek he sepopae baer ach election: Caution: One matte flowing clone rect 4 Elect io bogin ced pao he et year ater th bulcing i pacedin sonic (secton 42). ves DT No Bec nto teat rge parnership as taxpayer (son 42045) : Ye {© Elect minimum set-aside equemert (sation 42) seeinstucions) C] 2050 ER 4060 25-60 (NY.C. on) 4 Elect deep rent seed eet (seton 142) (sens) : 1840 ‘Unde penal pay decree above bp conioues quay ar apa a quale lw hao avsng pa and mec he viberais of nknal Revenue ote ve xaos hg band stacy, and othe best knaledge ad bl, fy ae fue, oer and comp. — >We \9Iga15 > Alaal cre “Taipayer Wonton nurbor ooo0o0 Tor Privacy Aet and Paperwork Reduction Act Notice, sen auctions, te, TD Fom 6508 rev namron 8609 Low-Income Housing Credit fe oer 28, Allocation Certification owe 156.0098 eporent fe easy FBR Allocation of Credit. Cautfon: Use for allocations made in 2008 and inter a, inthe case of buildings financed with tex exempt bonds, bonds issued or buildings placedin service in 2005 or later Check t__[) Addition to Qualified Bis (Amended Fo [A Akcees ofbullding (do rot use P.O. bos) (8 istctons) Name and adds ofhousing credit agency 415325 Community Lane Virginia Housing Development Authority Newpozt News, VA 23608 601.5. Belvidere street Richrond, YR 23220-6508 © Name, altrss, and TW of balding owner ecaing atocaton | D_ Employer ientfcaton numberof ayenoy checed Warwick Limited Partnership 54-0921882 1520 W. Main Street, Suite 200 Richmond, VA 23220 Bling Wrifeatonramber (IN) TIN > 559791891 yR0305001 Ja Date ofalocalon » 12/22/03 b Maximum housing cre daar amount allowable $312,880 7.78% tb 2 Maximum applicable ret percentage allowable 2 3a | $4,017, 352 3a Masinun qld bass sean Chesthe > C1 ithe oie bass used he computation fre 2a wasincessed unr FSET the nicest area prov of scion 42cK6NC). Ene the ercaiogo to which he lta : bess was ineased (seinen)... « » 4 Pepertage fhe span basis anced ty tacexemtbonts, Wramenter-O2) vessel 5 Dele bulng paced snice » 1/30” FE 8 Ghat tees thet tb te ston heutige os hal ~ ‘a CJ Newiy consincied and faderaly subsidized b 2) Newly constucted and not federaly subsidized ¢ [[] Existing bung 4 Ei see, 42/9} rehabitiaton expences fadraly subsidized ‘© [Seo fe) reatilison oxpondtres not ederaly subsidized 1 CNet eral subsidized ty reason o 40.50 ule under bc 42:26) _ 9 De Aocaon sujet lo nonprofit seaside under se. 4X5) Signature of Authorized Housing Credit Agency Offical - Completed by Housing Credit Agency Only dar pana of peur, Fdedare hal he allocation made ein compkance wih he reqarements of secon 4 ofthe risa Revenve Code, and that | have exained this form end, my knowiedge and bal, he intra is tue, coect and complet. JAMES M. CHANDLER > » AUTHORIZED OFFICER » Ca iad 2Ee ane GiessetpsorpRy <= First-Year Cerlification — Completed by Bulkding Owners with respect to the frst Year of the Credit Period 7 Eligible basis of buiding (660 istructon) E sae 7 [4,017,352 8. Original qualified bass ofthe bung a cose fist year of cre prod . [a [9,017 352 bb Are you rating ths bulking 2s par of a mutiple buldng project fr pupeses of secon 42 {see instructions)? pee rereeeet eter Co oves 7 No 8a box6a.or box di checked, do you ect reduce ele basis under section (429/218)2 CG ves O to O vs O No Do you elect to reduce ebgble bass by dlsproporionae costs of nanowncome units (seston 42444)? 410 Check the appropriate box for each election: Caution: Once made the ffowing ection ar revocable lec fo bogn crc perio the it yer af the buting i placedin service (section 421) Xs O w b Elect not to treat large partnership as taxpayer (section 42(5)) . a ¢ Glodiminimum set-aside requirement (secon 42) (ee instuctons) C} 2060 4060 ©] 2540 (NL¥.C. only) 4 O50 Yes lect deop rent skewed project (sec 142(¢),6N@) (see instructions) "jet Weston tuner ae > aere _ ae eee eee Set pedstirer ae Zar iat an Papen Retin Ae Nos, ns aoe SST Tomb aa aaron 8609 Low-Income Housing Credit Satter Allocation Certification ov. 5-988 Allocation of Credit. Cautfon: Use for alvcalions made in 2005 and later or, in the cass of buldings financed with tax-exempt bonds, bonds issued or buildings placed in servi in 2005 oF later, ‘Cheok it __[]__Adcfton to Qualifod Basis 1) Amended Form [A Adress of building (donot use P.O. box) 00 nstrctons) 'B Name and address of housing credit agency S13 Main strect ~ Bldg. A Virginia Housing Development Authority Smithfield, VA 23430 601 5. delvidere Street Richmond, VA 23220-6504 (© Name, adsess, and TNof building owner recing locaton | D Employer Hartfction uber of agency Smithfield ~ Church Manor, LP 54-0921892 1520 W. Main Strest, suite 200 Mekmond, VA 23220 EE Bukdng Weniicaon nanber (IN) TN 141878310 'vx0306001 4a Dalootafocation 12/12/03 bh Maximumbousing ret der amount atowable. | tb | 9 6,002 2 Marirum sopeable cred percentage alowable : att 2 | 3.359% 3a Maximum qualiied basis ‘$179,164 Cheochee . > [1 ie elgbletasts ued inthe conpiton tinea was nceasd under the high-cost area provisions of sexton 42{g45)(C), Enter the percortago lo which the ego basis was creased ce instusions) ....., ap ieee eee 4 Pecmieci be sarin bi fnmcndtyim-nonptions, ara at) 4 5 Dele bullng pieced in sri sevens b 8/4/05 Sa 5 Checthe aoe tat ecb te alcaton fre bldg cher tee tata ‘a Newly constructed and fedoraly subsidized b Lf Newly constructed and not federal subsidized «(2 Existing bung 4 Ei sex 42()rehabitatin expenditures federal subsidized © [Sec 42) rohattiaton expenditures not federal subsidized [71a ieeraty subsidy reason of 40.50 nie under sex A2AE) _g BQ Alcan subject to nonprotset ide unde sax 42065) Signature of Authorized Housing Credit Agency Official - Completed by Housing Greit Agency Only reir ponaliies of pay, [decor hal ‘made ln compliance wih tho requirements of seclion 42 of he hiomal Revente Code and that have examined ths frm af my kncwiedge and beef, the information is tv, comet and complet. JANES MM. CHANDLER » AUTHORIZED OFFICER > SYS ‘ype orp Dal First-Year Certification ~ Completed by Building Owners with respect to the first Year of the Credit Period : vee ET Tae fe | 174, 164 T” Biigible basis of buldng (eee nstuctons). 82 Original qatfed basis of the bung at close offs year of croc poiod be rau ain isbn a pata mule ing et or papses of selon 42 (see instuctions)?.. 2... ee e+ . i Yes (1 No 9 boxer box 6s checks oyu dot reduce alibi base und salon (A226)? Ye O Wo 1b Do you lect to redice ele bss by proportionate css ofraniowincome unis secion 42643)? ~=«sC) Yes No 10 Check the appropriate bor foreach eect: Caution: Once mate, the flowing elections ae krovocabe, 2 Elect begin cet ptt ft yer ator ho lings placed hn sen (econ A241)... O vs KN Elect nota bet age parhership as taxpayer (ston 4248). OY ‘© Elect ninimurn set-aside requement (section 42(q) (see instructions) C] 2050 « 4080 CJ] 2560(Y.c.0ny) 4 Elect oop rent stowed poet (set 142648) (se nsutons) O is ig cones oq asa pat fa qualita nw ncone haut pec rd nash edereis of rbal Reve endo he best ofmy knee and el, yee, cae, and carpe i Se ee SE atime eee Toxyoor Bre aT Form 6600 Fon IS)rm BEOQ Low-Income Housing Credit Erp eer Allocation Certification tilt esse Check if ‘Acresso bing (60 note. Obes) op isons) 100 Bashan Blvd, 11-8) Allocation of Gredit. OWN, 16008 Theda io uated Bais Tl _Arenicatom B Name end aes of housing cre agency Virginia Housing Developnent Authority Yorktown, VA 23690 601 S. Belvidere street Richnond, VA 23220-6504 (Nara, ers, nd TN of bldg owner eocing alsa | Employer ienfaien mmber of agency Yorktown ~ Yorktown Squaze I, LLC '54-0821892 300". Franklin St., suite 200 Richmond, VA 23220 © biking enimcabe ana RD TN > 050606025 ¥R0¢41001 fa Daedlalocain » 12/10/04 Maxmunhowsing cuddle anaunt tonal. [th | 8 29,150 2 Maximum epliabe cre percentage allowable 2 | 6.20% 3a Naiman qiled bass ta | $483,358 io elas usd he compl ol eS snes, ek esta: a and ete he perenioge to which th eile was increased (se instuctors) ceeeeees [07] a30%6 Butiing locaton to Gut Open (G0) Zone, FR GO Zone, or Wira GO Zone al sonton 42{645)() high oot rea provisions Percentage of the aggre basis hanced by taxcoxompl bonds. itzer,ener-0-)......... | Date butting lacedin sence... . we > s/06 cee si Cte nado tds etn eit ec eat ap (Ty eniyconssuced an fedray susiizad— Newly consucied ae not edsalysubldzed [1] Exiting bln @ Cl bee te) etstin epontoes aly stdin © De Sec. 42) rhebittn expends not edoraly subsided f 7 Notary subi ean of 40-50 ound ANE) _ yl Alcan bjs oor x id under so. ZS) Signature of Authorized Housing Credit Agency Official ~ Completed by Housing Cred Agency Only ad paalies of pfu, ded lhe alocalon made ish corplance wi he reqrambis of salon ote heel Revenue Cole, | have exams tis fom and it bp? Ty knowl and bee, he nomen stu, oat and complete. and tat ORMES M. CHANDLER AUTHORIZED OFFICER Tame lee peor) 4:2g07 First-Year Certification — Completed by Building Owners with respect to the frat Year of the Credit Pefiod 7 lige bs fbn (emis) t | 143 333 te gn ud ba he ti ce ttt yore west : ga | 443 333 © Neyeateainti tangs ptt mut pet rep ln 8 insu)? a Kw a we 418 fborbsorboxedisceced do you det redone bass mdr sn 245)? O vs O w Fer marta unis tov the average uty senda of wncoe writin ble, do you set ‘oreo vigho base by cepoprtonae cose of onewineone unis under spoon 12/10/04 —b Maximumbeusng ced dofar amount atonate, [tb | 9 2/887 2 Maximun applicable cost percentage alwebie. 2 | 3.4% 3 Maximum cused base aa | 903,299 ie gta wet conpain ne wens ck mate tx dena pareniage fo which the ele was inesed (se nsctons) « : |G using cated the Gat Opty (80) Zere, Fla GO Zone cr Wima GO Zone {secon 424646)6) High costae promsions Ptcenlage ofthe aggregate basis raed by taxcat bond, (za, ete -0-) a Le 5 Deleting placed insence. > lsios RPS 5 ine pou hl nee ssn re bang (teks tal op: Er Newly conte end federal utedand b CL) New oonstwid endnote uted sng bung 4 El Sen 42) ehbitalonepntrsoeraty sien 1 [1 See. 2) rebhilistinexperures not erally substizes 11 Note sublzed by reason of 40.50 le undo, 42) _g Alain subject fo nonprf solald nde sn. ‘Signature of Authorized Housing Credit Agency Offical ~ Completed by Housing Cred Agency Only ‘aver pnales pau, daca that he allocation made sh oplance wiih equranen of scton 4D ofthe hiemal Rovere Code, and fat have xan his tr and ghrp ily ncwiedge ad ball, he nina ste, core and complete. meee M. CHRNDLER AOTHORIZED OFFICER » B-Ze-07 Tare esse ore as ‘Sirabre of ou First Year Gerlfication ~ Completed by Building Ovmers with respect tothe frst Year ofthe Credit Period Bigs ob [se nstucons) i i 7] 93194 fa Cina quale bale bag a cel oar cf rl ed eee ae $2 1949 ett ig ptf mu biting od ua tec te Instructors)? Al vs O w eax Barba is che do youve ted ete bauer acton (ZI O Ye O Wo Frerotte uns ove he everage quali standard of okncme units in the bald do yu lect tb redace eile bas by proportionate css of anon come uns nde son AVON? O ve O we 410 Check ihe aproprt oreah econ Caution: One made, loin eens reo, 4 Eocio bog cet pred heft ya str he ulin placed in sence (setion 420) O Yes Aw 'b Eectnotto veal xg paresis taxpayer (secon 426) O ves © Elst minimum stoi ruement(senion4{g)seeinsuctens) CJ 7020 XP) a0.60 o 25.60 (NY.C. ont) Beet Sop ren showed pon (ecton W248) (se nsttos) 15.40 eve bea confuse olin bo ofa aid oicane Fuse ee ‘ado be bsttry lowe a bee, ey ane, coat ant come y 2pnlig2a5Z0 y Mes * _2o-to2g are ——— a2\3\ * —seennspactrenagees——— RE Fa ina aan apa Resin elt, aeRO, aT~» 8609 Low-Income Housing Credit Allocation (pe: Deena 29) and Certification ium venue” FEEL) Allocation of GroaitouWon? Use Yor albnaTons tad i 2005 and ila Ws case of Dulige anced WT me Mo 1850088 texcexempl bonds, bonds Issued or bullelngs place in service in 2006 orate ‘eck C1 nation wo Guadfe Basie ‘Amended form Revised basis & credit amts, based on addtional Gual, BAGS, 1h ios Tbabaing eo ele P.O teas ME) IB Nene ri cerar et hung rd cpesy 401 Glenridge Drive, Unis (4 Maine State Housing Authorty Augusta, Maine 04330, 353 Water Street Augusta, Maine 04330-4638 Sa SE SCT TS oT GS [Dero etn robe ooo ‘Now Glenridge Development Company, LLC (01-0812916 4183 Midele Street, Suite 300 [F eiag eeaioaion canner Portland, Maine 04101 IME - 08 09088; TIN 20.0610248 1 a Date otetocaton 1 Moximumhéusing oredt dlarameurtatevatie “(4b 2916 2 Macimurneppiabiecadt percentage alovabio Gea 2 3.43% 3. a Maxima qualifies base peered 33, : = ~B.Chthare > Lite gb ai ed nthe cout of eS wa need wd ee RE NUTSRT NT ovr al TOE ie ons Be hie bnsis was increased (ae instuctene) = Ree eee ap 400 4 Rerventage of the aparozto basis anced y tacaxerol bonds (famoenter-) 2. La 60% 5 Dalebulking placednserdce ee > __21sra004 8. Checkthe boxes thet describe the lsc fe the but (heck those tht api a L)Neuly constructed and feral aisettzed BL ]Nenlyconshucted and not federal subse | «d Li section (0 ehabitstion expences ederaly subitzeg —_@ [] Seon. 2s) ehabiatonexpendtres nat edarallysubsted 1 CNet feseraty eubslize by reason of 4050 rule under ows. 20426) 8 CAtooaton ste to nanproflsatasde under se. 206) Signature of Authorized Housing Credit Agency Official - Completed by Housing Credit Agency Only ‘Tear poraie of Ts SEN Wade = eonplaoe wh ts faquvemars of soelon Ga he Fisral Revenue Codey and hat) ante ite hd bla the norman tue, oarec, nd arg Dial Brennan, Deotor of Delon! > rate of stored ofl Tams (lease 9pe 3 a ‘EEE Fist vear ceritcaion-comsioted by Sita Owners with respect b the Ft Year of Gra Potba Eligible bal ould (eos instustons) ws ve tn tv ev 7 8 Origa cuaifed bas ofthe bulng acne ffetyen ofc pie |. LR b Are you'reang this bung a part ofa mul ding projec fx purponee fection £2 (soe nstustone)? a wees Dee Qh 2 a lfnox Gor Gi checked do you oct io rechice stle bis nde secon 20ya)8)? | | 1 | ChYee Ene bb Do you eects rede etl basis by dproprioate costs of mordowncame ut (section <2)? E]vee EN 419.Chook the appropriate box for enh econ Caution: Once mace, the following elections are inevedabe ¢ Esto bed rete ner eter blogs Haccin ses facta ancy)... Even C6 b Elect not o treat large parinership ax payer (easton 4208), : Eves © leet minimum set-aside ecirement secon 42) (see Insiructore) C]2060° "Foo F5]25-60 (¥.c. en) € Elect deep rent skewed project seofon 142{eN4)(8) (see netrucions) vv... a ss EIB Ter poralioa ot poy, | docare thatthe aiavebuldg cords t Gually asa pat cf a alta ovancorre OUSAg ped and masts he regulorants of tomal Revenue Goce cecton 42. Ihave eamted thi btm and eaters, endothe best of ny hrewedge a bel, cy sxe tue, creck, and complet, » » > Saaae Tapa TRS TR Bas » > Tas BETES SA SE For Privacy Aot and Paperwork Reduction Act Noto, se Instructions, (at Na SSD Form 8809 (ev. 22005)ia 889 Low-Income Housing Credit Allocation iio, and Certification cone ts Eepwtnes he sey Beginacvebevee “Aloeation OF CCAR, Gaiiion: Usa fr atoeaons made i 2008 and lara, hfe case of Bangs Wancea wih {ercoxempt bonds, bande cued or bulge paced in sori fh 2005 orto ‘hase _[) Adan te Guatted bosis Lj Amended tem 1 rss eng ta oss BO box a navters) [Bae wa aca ef auaig a apo 2018-2628 W. Springfield Avenue * ILLINOIS HOUSING DEVELOPMENT AUTHORITY * ‘Champaign i 61624 1201 N. MICHIGAN AVENUE, SUITE 900, |CHICAGO, me e06t4 Fi Se ae ot ag bana Toon DON D Erp ian raha’ 0 aha) Countrybrook Champaign, LP. 326.270.0817 108 W. Lockwood, Suite 219 © Bag Warton aoe BD ‘Louis, WO 63118 fa N-06-00405 . b Makimum housing cred dollar amount allowable 2. Maximium appllcdble credit percentage allowable 38 Maximum qualified basis. Chas Tare [a te ligt ais use nthe cv oF ROTA TEE ASE 3 HGIOT MEER Ee pene whe basis wes inerésced (ses instructions). : 4 Percentage ofthe sggregete bans inanced'by t-eiompt bonds. (20, entor-Os) 5" Date bulding placed in service... > OL/oty 8 Check the boxes thet describe the alocetion forthe bung (check those that pi: «2, Cl Neatly constructd and federaly ubedzed_ [Nei consticod and not federaly ubsidlnd © WI Exising bulking 4G) Sen. 42() rehabitaton expenditures fecerally sibsidzed eL) Sea 42() rhabitavon expancturesnotecwaly subsided 1D) Not tart subse by reason of 40-50 ue uncer sec ORK) 9} Atoston sett noerat se-st wder sx 25 Signature of Authorized Housing Credit Agency OfficiatCompieted by Housing Credit Agency Only ‘Unger porates of peg, dle that te aloaslion rads hh gomptanoo withthe rauramarts Gf eecion @ of th heal avenue Goce land tat have exarned ths fxm an to the Dest of ny knoiedge and beet, Ermatien sve, comet, snd core felines... sromenrmomnrernme _ 3/17/00 Fist-Year Carication —Compleied by Bulting Overs wif respect to the at Veer of he Oa Period 7~ Bilge basis of buliding [see instructions). ee ee a fx Original qualifies batis of the bulging at close tit your of reat potod | || | |. | (Ba 1 Ave you woatng tis bung as part of a ute bulking project for purposes of section 42 (see instructions)? + Bye One {2 box 6a o box 63s checked, do you ecto rece egle basis under section <2payei” «Eves, «exo Dojeu det to edie efgble ten by copropaart css of nen-w nee unt to 2162)? Ove . Bae 40 Check the appropiate box for each election: Caution: Once made, tw following elections are ievocable, 2 Elec to begin creit period the frst year ater the bullling Is paced in setvew (section <2eyi) Yes’ Een 'b Elect not to teat large parinership as taxoeyer fection 4205) . ves -Elect minimum sét-aside requirement (section 424) (ese instructions) ] 20-80" fa-Z-b0" DB 25-80 00.0. ont Elect deep rent Tiger pele of wed projet (section 142{0)418) [see instructions) Oso T dears tal the above Butdngootrass to gully ox apa fe auatiod bwricoma ovehg DORE and PEGE Oe snie Goce seston 22 have exarined tus forms and stasrmert, ano thebestof my krpuiege and Dee, ey lan ‘soare r Countrybrook Champaign Limited Partnership A ‘Countybrook Champaign Mansgement LLC, ts Gea’)Parmer ee CRN Manager, Ine, Manager ‘etructions. (ek He 6210 Fem BBOB fv, 2.504 Anthony A. Nickas, President :cn 04 Lowen Hous Cet Se -_nhizetoeCateaton, Sear be ssefeatle A Born 0 to is tail cone rn EERE Allocation of croait ‘Siecks —T1 Aaatn te Suatos aos CT Asoc Fees {Seco og eos 7. ba sora [Ears ee an ca at ao 502, 604, §10 Orchard Streat Community Development Acminstation Baltimore, Maryland 21201 109 communty Pace rownsviie, Varyane 21032-2028 Fie aan TN a Ba ae RT ST 3 Ent ean iar oom ‘Orchard Mows Baltimore Lied Parmarsiia secac2ds3 +33 Silver Street [ © Satcg Tntteaton saree Porland, Maine 04104 panes TW Pes OROEEOE, ‘ta Date of allocation laa » Maxmumhouthg ered dollar mrount'slowabie, | ah see20 2 Msximum epplisabe eft percentage afowsbin ‘he high-sest area previsiona of seation 42{2/5)6}. Enter the parcemtage to which the eligible ‘basis was Increased (e0e Inetracong} 4 Peciongs of th eggingas bets thansoet By eet Bas. 6, eal.) 5 Ditobuldng purecnounee ee es ee 8, Se oes at ea rc lang Cine at 2 Ey Nt comico ae ose sedans Sepang wn net ely ubedaad © Bing bu 2B Sse rin sctrhisiinay sauce” CE ria aaa mace Bg ng 11 Net tou eed byron of 50 ne wr nx OYE) g TD Morin snes ann sesone Signature of authorized Housing Grect Agency Officlt—~Completed hy Houting Crect Agency Ony iz penis pay, [oes a a poten nado sh comphncce wih tho Sogo oI WGIGA AE oe Hae SOR Sc Eo hve rion Pe of stamens Sto oe CU Hen STOO oun ne Abner orator Ae Eure, Die yi TEE _FratYorcerticaonConpated by Blha Owner th respect oe Fi Yor othe Gah Pod seeeee. [rt 19139: foun alc egitcntitvarstontet il 1989S 'b Ave you treating this Bullding as part of & muttisle building project for Of seotic 10 ese eee or * : 17 Ellie basi of bullding (gee Instructions) Finest bse eyes oben ines cited wc sini’ apse’ BYE ENS Dayana rence estas Sopcast ee eying Be ETN 10) Galkbe topoptns tn erect cece Ect to begin ed pared theft year ater the biting is ecad in sone anion Do not fe separately, The Buieing ewner must attacn Form Bs86, PE Sermarant Fer S608, and Sonediee A (ocr S608) he Faderal nears fae retin Seer no 96 EEG] Altocation of Creait—Completed by Housing Crecit Agency Only ‘Trea pastor to Guaties Gass C) Anerced Form 2B dearest emia rote 0. att nO) Bare a saves orauang eet Baa ‘NORTH CAROLINA FEDERAL TAX ALLOCATION com, Saari ine c/o NORTH CAROLINA HOUSING FINANCE AGENCY {P.0. BOX 28066, RALEIGH, NC_ 27611-8066 Weare Bere ana Tali Soe eco seat | Ersioereertesbn narbeo ay 56-6000372 oven sertemen see BR ggcets Srp auen romncuses Saw mars ar Ena OF wens yp 9121416639. ‘ta Date of alccaten » (2/2 TL 7... & Maximum housing credit cowar amount allowanie 2 Maximum applicable crest percartage WOWaBE et ee a Ba Maximum qualified basiz es ws Tae neck here > CI if tre eligite basis used in tne corsutation of ne 3a was inreased under fhe high-cost area provisions of section 42(G\6{C). Enter the percentage to which the eligible basis was increased fee instructions)... sree 4 Percentage ofthe ageregare basis financed by tacexemat bored. (zero enter C=) | | | Date butding placed inservice lata, heck he box that gesorbes tre alecation forthe Euiting (check ene ott: : 2 Newly constncted and lederaly sutsicaed b (E/Newiy consructec anc not feceraty subsictzed —¢ C] Sxisting bung 2 5 Sen d2ilrenebtaton ewensure ecerly eubedued el] Ser die retabitain expences nt faery sseoed ‘Grae parties 0! peru, laecare at ne acai race cmenarce wi te requremeniso sacon 2 ol he rena Reveron Coe, ae iat ave ered Par of ts aon anc Eine esto my anamiecge ara Best, ne mimaton ere, sore and comae NORRIS TOLSON, CHATRMAN 6 hole seatanie s 6 “i abt ise oar > TEESE First-Yedr Centification—Completed by Building Owner for First Yezr of Credit Periog Only T ‘Ta Qate building placed in service ..../.. Eiigible tasis of ouiding see instructions) 8a Original cualified basis of the building at close of first year of creditpesod . . 2... . (Sat D ls the bulding par of armutiple building priec?. 1). Ges Ne 82 Itbox Se or box 6c ie checked, co you elect to recuse afgle basis under section 42a? | | Oyen One Co you elect te racuce agile base by ciseroportenate cess ofrencowsneama nts serton s2iayay? Cl ves Ono 10 Check tne azorognate box for eacn elecion: ‘@ Elect to begin credit period the first year atter the building is piacad in service (secon 42qK1)) . Ove CNo b Glect net to treat large partnership as taxpayer (section 4205). tees Bes © ect minimum set-asige requlement (cection 42(9)) (see insiructions) C1'zo-s0 | “Ch ao-do° ” GG 2s-comuv.c. ony 1d Elect ceepwent-skewed project (section 1424/42) (see instructions). . ce OO Note: A separate Schedule A (Farm 8605}, Annual Siatemers for each yesr of ihe 15-year compliance period. fer each building must be attached to the coresponcing Form 2608 (Caution: Rasa ihe isinictons uncer Signature (page 4) before signing ths pan LUneer penaives of penury, | eeciare that the above Euieing centres to Gually ae a ar of a quatieg low-neame housing project an meats te requirements ef intemal Pevenve Coae section {2 and tat te quaifed ace af ta tuierg nas mC) nae net » C) aseressed tr the tae yest Ihave examined the form ana anacrments, and fo me est af my knowledge ang bevel. ney are vue, comec:, sd complete Drees aerate ‘aie For Paperwork Reduction Act Notice, s0@ instructions, a Ne eave For 8609 fwForm 8609 Low-Income Housing Credit geno te (Pav. Joy 200) Allocation Certification ‘Sequonce No, 38 uence » Do note sepaaaly. The bllng owner rut atach Form 25, thant hie er 08 an Sched (Fora 803) fos Federal income tax re, ‘Allocation of Credit ~ Completed by Hoising Crecit Agency Only D_AdtontoQusted Be Amended Form TR ios of bilng eretineP..Bee roa) Nave are aires ftom wed aarey 1 Olympic Village ILLINOIS HOUSING DEVELOPMENT Chicago Heights, 60ait AUTHORITY 401 N. MICHIGAN AVE, SUITE 900 CHICAGO, ILLINOIS 60611 Nana an earace baling owns recohng alosaton SESS, | n ceeunemum swe lors a ee shee MA ONS pwr Toz0o7es ne a es ee ae 3a Maximum qualified besis: 7 132,065 Coast here + (ie gba tate wed ne crt fe Sew ceased nor {ha figheeost een provisions o secon 42/5)). etre parentage by whisn be 2 be 8 o 5 Dalebulaing plcodin gence, ss sve ee heck the box tat deserts the allocation forthe bung (sec one oi: 2 { Newly conetructed and federally ubsicized _b {}Novly constructed and not federally subsidized. {x} Exting building {5.42} fehabistion expenditures federal sutsled _e{} Sec. 42) rehabilitation exporltures not federal subeliead Ter paalse of perjury, declare tat the location rade sin compliance withthe requirements of ston of thenteral Revenue Gado, that | av oan Part of the form and to tho bast ofmy krowlagge ana belt the information leu, eorat and comple one Josie Kotsioris. > Manager of Tax Credits > Date Awmust 5, 2005 First-Year Geriification - Completed by Buliing Owner for First Year of Credit Period On "a Date big plazednsonie + LLL LDXC1 _ bib base of bleing (oe inetrustons re [Sez io: 0 Orla quale base of the Luling the love ofthe year ofthe cet period. we. ss ta | (Ba OfpS 5 fae vat this bling prof rete bug ek pzposes of econ ae trstctongy? Des Oto a bon or box Ee cheskad do you sete reduee gb base Under oetion 2QNGXBI2. « « Ove GK » Do you act to raduce elie ass by eproportonsiocost of maniownéome unit section 222: Yes Real 10 Cheak tre appropri box for ach sctont ‘het to begin re paris tho iret yor ata the ull placed in seronensionAXURKE) v's Ye ha » Elect not to trea lrg partnership ae taper seein BENE). «es eo ss tes Over © tact minimum stssiderequitement (scion 4a instructions] 2040 ren 0 550 (ve oni) a Host op rentskewed project scton ‘Q{eNS\) (seelnsrucions). ss ss « Do se0 OTE A coutaScodile A Form 60, opal atone for ech bung ras BeTstod Ws TOTP ORANG PoP BENT year of tho (Bayar compliance period aftr 1937, CAUTION: Aad the instructs under Signature (page 4 bears elng tis par. ‘Rent pry enon rar asomieg corer ai est fies elon hn peed et eerie Renda ng a+ tan tee wane tem eres at este rnd i yet care crn. »Ble-ZB071ESS role “Torpayeridertifcaton number otyrpié-Chicego Weights Limiied Pariwership Olympe-Chioago Heights Management, LLC, general partner CEN Manager, Inc, Manager Aaihony A. Nekes, President Seow Form 8508 (ev 72060) TEHRO2A (1 of 3)8609 Low-Income Housing Credit Allocation (or nen 4 and Certification Beaianeeenee” | ‘Aiosation of Credit ‘Chas [J dein e aiid Baca] Nended Form, 1 hss ble Ho rele P., bo ten) ] 8 tana ee sles ohana aap PYNCHON | APARTMENTS LIMITED PARTNERSHIP DEPT OF HOUSING AND COMMUNITY DEVELOPMENT ‘494 NEWLAND STREET 4100 CAMBRIDGE STREET, SUITE 300 ‘SPRINGFIELD, WA ss, Tong asia A 1 Ergo Weslo robe! of geey BOSTON, MASSACHUSETTS 02114 PYNCHON | APARTMENTS LIMITED PARTNERSHIP 4s.002.204 PILOT HOUSE, LEWIS WHARE ig ran amar BOSTON, MA 02110 ar Man-iga7a92 uais-10009 ‘ia Dele of alocaton > 12./30/, 2008, Waximum nouelng cra dollar amount slows ie 2 Maxirum anpicable credit percentope towable. 9a Maninun qusliadbasis ee Ihe elgla bass used in th computin of ine a wa intesed, chock the appable box ard enter the percentage to which the oil basl was Iereased {see Insirctons) Guang located in the Git Opportunty (20) Zona, ta GO Zora, or Wma GO Zona Seaton 4214510) Hh cost area provisions 4 Pavaiage of he sggreaata bai frances by ttre nes 2, eter Do) 5 Date bulking placed in service Frere usb the lca ie tek eo at pi ‘2 0) Now conned and edly subedead LI. Nenly conscted ord not fedraly sized ©) Bang bute 41 Z Son“) oabitaton epandtes fede ides = Sec 2) eheitson expendiures vt feceraly cubical 40 Not nora sind by reason #80 nfo under ex BOE) gC) Aaton ste rnp seca no, 28 Signature of Authorized Housing Greit Agency Official Compete by Housing Crest Aganey Ony Co¥heciae..Racer. r "Si ia in Gece tala soca ade salar wth ha raisinin of eoclon Ff tha esl Ravens Co, erm a ota est of my kronor bab, hw intaraion bum ooh rd corel ee EMD Fist Voor Ovritcotion—Corpioed mu aig Gara wih respec oth Fiat Vea of Bs Gro Faog 7 Ei bi of ing ee besten) : a. Cra qn bas oh ing ann rye fri peed fry Weng ths ling 2s prt a resp ing po ppt ot seten 42 ce Schetost ba i tox tn bor 8 checked ou ino en agit ba unr son 224572 Ferre atest ane he seep ay starr owncame rin hut 32 ‘Guat mnen stein by opoparende lone sme etary Bape : {0 Gheck'ta sptoie bo reach deter: Cua Onca rade he towing setae roost 2 Stetobognns pod tre xtc 4) © lc et ct rp prin ae fy ton 25) ac » Ea tuna seta oer beton S26) ao reucion) “C sodo” aoe 4 Bat abe e signet econ ao ho ete) ‘Gade sesten 12 Da earned he om ad tact and toe MO NEUTYL Senin 1 tacit _ CAN anager, eager Anihony A, Nickas, President Fer Ptvaey Act and vaperwers newcion Ret Noise 36 rae Peco Ove One Dyes No Dyes 250 pur omy fice care Dat the stove blr conus to aly ax apa ofa quad lower Feng jet sedate to Hedge ona bal ey 122. PD Feo BOD few 200 | rama(Per. Cecmrber 008 and Certification ous te. te Deparment ef ha Tear ‘Allocation of Grodit. (Ghack it [Adelante Quald 8 Hier of ling 0 rue P.O. BO rom 8609 | Low-Income Housing Credit Allocation | [Bae sd cen of oa re acy PYNCHON Il APARTMENTS LIMITED PARTNERSHIP DEPT OF HOUSING AND COMMUNITY DEVELOPMENT 35-49 LOWELL STREET +100 CAMBRIDGE STREET, SUITE 200 ‘SPRINGFIELD, MA BOSTON, MASSACHUSETTS 02114 {SNe acess ed TN aT bung owe stay waco Engle eeitcston uber ape PYNCHON il APARTMENTS LIMITED PARTNERSHIP ‘046-002-204 PILOT HOUSE, LEWIS WHARF Ea ao ao 7 BOSTON, MA 02110 ae 201547555. | ‘Maos-10072 4a Date of allocation & 12,/,30/ 2008. Maximum housing credit dolar amount allowable 2 Maximum applcable creit percentage alowabla Se Maximum quatled Bae ee : ' ifthe eligible bass usd in the computation of ne 2a wes inareasd, check ne apcable box and enor the percetage to which the ebgbla basis was increased (oe insirvctrs) . TF euiing located In tha Gull Opportrity (G0) Zone, Fta GO Zone, o Wiima GO Zone 1 Seaton 42(618(6) bigh cost area provistns 4 Porcontage of the aggragate basis franced by tax-exerot bonds. zo, enter -0-) Date bulging paced in sovice ce. Mh 10N 2008 & Chock the boxes that describe the alocaton for the buldng (check thse that ppl ‘2 Cl Newly constructed and federally cubeliized b C] Newly constructed and not federally subsidized © C] Existing building 1 Sec. 12) rehadtaon expendtresfedealysubskized oL] ‘Seo. 42) rnabilalon expenditures not federal seid {EJ Not foceraly subsized by eason of 4080 rule under co. 42K2NE) gL) Alea set to nono eh nie ur ee. <2) Signature of Authorid Housing Grek Agency Oiial—-Competod by Housing Credit Agsnay Oy caval he locaton made ef eomplance vA the reqitersnia of saci @ of the ltral evenow Cade, mand othe boston Krowaige and bee, the informations ae, cree, ana carpi, ‘ en [RMN Fist-Voar Gortfcation-Coralatod by Buleing Ouro wih respect tothe Fst Vear of tha Credit Peiod 7 Eligible basis of building (eee instructions} 6. MRMEFES rs fa Ordiral quali bets ofthe bulking at oso Sst year of croc pti Tad sey 1 Are you testing this bung a par ofa matic buitna prof! fo purposes of section 2 99 / i inebuctong)? eee ea Panga yes Ono Sa_If box 62 oF box 6d is checked, do you alect to reduce aligible basis under section 42()/2KB)? Wes No or matttte units above tho average cunt teva of wore ui in ho bung, do You seo to reduce slg basis by eeproperéonate costs of ror fname units ue se ao Reeds : 10 Check the appropriate box foreach secon Caution: Crce redo, te floning elections are kevacabl. 4 Elect to begin crecit period the rst year after the bulging is placed inservice section 42s). » Cl Yes. No ' Elect not to treat large partnership as taxpayer (section 42ii5)) . qe > O ves ¢ Elect minimum set-aside requirement (section 42(g)) (eee Instructions) C] 20-50 aie 25-60 (NY.C. ony & oct doop tort showed project vacton 152¢H1018) (oe Insuctirs) 5) isan Td porals of ppfry, Isle that te ebove bul coins i quay asa pan ofa quaied Ionncome housing project ara meas re bats offal Hefei Gace secon £2. (have examined the frm ard atachments, and 1 he best ory Kawa and ele, thy Ol ON VEE Atest.. “enya at DYes 1 No (CANManager, Ie, Manager Anthony A, Nicks, President » For Privacy Act and Paperwork Reduction Act Notice, see instructions. (ao am Fowm 8609 (ow 12-2008)PAGE 62 + COLLINS NICKS eujos/200s 79:05 6177206220 : rom 8609 LowJncome Housing Gredit ee (te, Noni 09) Allocation Certification a me » sre Sule oare est och Porm ot oat rey SEN saad A Psy tos Fado ce ok, eal. 20 EESEE] Attocation of redit Siac abe wastes Bat CT amen Pom - 1K Ares ea orl PI. be Bo ess) Baad ae hg aT ‘Cholsee Carter Linited Partnership ‘Dept of Housing & Community Development 10 Forsythe Stet i 100 Cambridge Street, Suite 300 Choleon, a o2I50 Becton Mace 3 ars an TOG a SD TST © eapytikeon noar a aS Chelsea Cart Liniled Partnership a6.002-285 fo Coline Nika & Co LLC Pilot House, Lewis What, Boston, MA 62190 BW a BASEN, peu © Siang Baan ‘ta Date of aocation 12.131. 2009.. b Maximumbousing erst dolar arhcuntalowable . | AB 2 Meximim applicable seat paoentage alowable ose Sa. Meoimum quali bagi ey ee ee 2 'bOhesk nere > C1 ifthe eigibia bane used in te computation of ne Sa wee erensed under ‘hes tigh-tout een DrOMsiois Of euston AZIGHS|CY, Ener We percentage to which the alge bess was increased (se structions) eee 3 4 Pemenags ofthe sqgrogate baie linanced by taxexomst bande, ze, enter O-). A. 8 Detebullng placed in emcee eee ee ee ee LON. US 8 Chek the boxes that doserne te allocator the Bukahg (heck inoe thet apps 4 Nesersctd at ey tnd bE) Nowy concn et ey tied 0 2 ig bra 3 Gi See, aj) rehabltaton exponchute feceraty uSci#zed 0 C) Sen 42{ ehablalon expences not federal eubo +1 Not edna suid by meson of 40-50 nfo unc se. 22 9 C)_ eaten wie! jo noeod eta reac. 2H) ‘Signature of Authorized Housing Credit Ageney Official-—Completed by Housing Cradit Agenoy Only ‘Weds Bite of pen, Gata ha fe ecco made bh crplanen wn tn oquioneta of eclan @ cf ha Ena Rerun GOOD, and Gat have cane, ar of form ant re best of my Krewe a Dee hs oman ft, oes ans Campin: pane, First-Year Gdrtiication Completed by Bulding Ovmors with respect to th Fst Your ofthe Grett Perea 7 Blighle basis of buting (oe instretions) Ga Originel qualified basis of the building et close of first year of credit perlod 5 2. $2. Av vou tug fis bg x pte a mute bing poet or puowe een 42 ee foatelongt'o oe yw Patera seer akan edna sloandioel Dye Oto 5a I boxe or box 8 cece, do you eact to reduneeigble Deals wider section axpeneye «Yee OT Ne b De you slect to reduce eligible basis by dleproportionats costs of ron-iow-inoome units fepotion a2icsy? Oye 0) No 10 "Ghee epropte ax or ech ecto ‘8 Elect to beg credit period the frst year after the kulfing ls placed Inservice ection 22K). Dw te B Gh ntt vet ge petentip se teoyer ect 0G) eens eS Elves 6 srr ces egret fa) fs ert toss" “Dhaba” eae com { Bik dnorcctes oobi eecen eu eeeneraioey oes. Bltsao Note: A seperate Schedule A (Rorm 8809), Anal Statement, foreach busing mut be fed with the cemtesponcing Form 8808 {or each yaar ofthe 15-year complence povoa. For Paperwork Reduction Act Notice, 288 pone 4. See ce Form O50D fe 208i en 8609 Low-Income Housing Credit Allocation | Soe ere, and Certification Sipe ou ay ‘Sees Rowns toes EEEEED Accstion-of Creat Caution: Uae fr elocaons rade in 2005 and ltr ofa case oY BuTongs Traced wh texcetompt bonds, bars let or tuleings paced in sonos In 2008 or iter ‘acct _[) fasion fp Guang Sass] Amended Fem (iN. set. 1A bares bln (59a ure PD. bo bos Wats se an aaa ones err anaray 1424-28 East College Ave, ILLINOIS HOUSING DEVELOPIENT AUTHORITY Normal, IL 61781 |401 N. MICHIGAN AVENUE, SUITE 900, CHICAGO, IL 00614 {5s nana: sa TW a bling aunt cag aloalon 3 Enpoyr foatonrobw @waeay Lancaster-Normal Limited Partnership Pilot House, Lewis Whart Boston, MA 02110 Toh 2013686 “4a. Date of alocation ® o.oo _ b Maximumhousing ert dollar amount alwabie | 1] 2 2 Maxirium appeable erett percentags allowable 3 3.42% > “Vaioum auamec Basie : 3505S 8 cso ace» Ci tha alge tis ules inte computation Stine Sa Was MeTeRESS UnGaT ‘he high-cost arpa provisions of section 42(4)65(C} Enter the percentage to which the alge basis was Inoreazed (eee Instructions). os ae ee seec eae eaeee ee oe Toten: % 4» Percentage ofthe eggregate basis fnanckd by tacexempt Sands. (f zo, enter -0-) 5 Date bulding piaced in service... abe i { Check tne baves that dese the allocation forthe bullng Check those tht app) - 12 Cl'Newy consrucied an federaly subsided C) Newiy consiucted and na federly subskized WZ Existing bulding 4 Gl Sex 42()rehabitaton experdtuesfesealy eubiczese L] Seo. fe) renabiatonexpenues net fedeay subd 40] Not federaty subsidized by reson of 4-50 lo ur sec. 42916) gC) Alction subj to nena wnder sc. 2)6) Signature of Authofized Housing Credit Agency Official—Comipleted by Housing Crecit Agéney Only ‘Undar poral of peu, | deci atthe alonion made isn compliance with he requvaretie of secon ofthe nur Rovenus Code tnd tha ive anes form at tha Dot of ey krousdae ae bal, tha ifort Te ue, corel, ard compel, Pedobear... jsetoomummntraonme 4/7 [oe Sei aos ol First-Year Cerlfication— Completed by Bulting Owners wit respect to the Ast Vea of the Credit Parad, 7. Bigible basis of bulking (ose instructions) we es eae 71ZZO, fa Original qualified besis ofthe bung al close of fist year of ced period |). | ta ', Ae you treating this bulking as part of a mutiple building pect for purpoees of section 42 (Goo nemUCtON te te Dye | ON a I box 6a or box Od is checked, do you elect to rediceelgble beis under eecion 2niey? =< Yen” (Beto 'b Do you eet to reduce efgle basis by dipropionate costs ofnomcvincome wt fscton <0? Dives Beto 40° Check the appropriate box for each election: ‘Caution: Once made, the folowing elsctons are inevoceb'e 1 Blot 1o begin cect period the fret year ater the buleing is placed in vorvice fection inci) CI. Yes» CLM Elect not to tet iarge partnership as twxsayer (oan 4206). =. 2 se. Yes ‘2 Elect minimum set-asise requirement (section 42{g) (see inetwctions)”” [) 20-50” A680 Bi 2580 ewv.c. ony Bact doop rant skewed project ection 142ieyeN) (see netting); sO) 1840 ‘Wider poster ot pry, | secare hat re stove bull ceroms fo Sly asa pad ofa aad burhaams Rouse moje and Teas He reauerents of pel Hevenae Code sexton 42, have tained be form and aaah, an oth bstf my kronledge ano eta thy ‘eur cory Az QI BULA. "payee oiteston mca 4: ble... CAN Manager ie, Ante A Wks, Pesident ‘instructions. (aie ema BEDE Gnrm 8609 Low-Income Housing Credit cae ci ec 7 . Allocation Certification wes SEES, soll end cttw eee Teton ol Checkit Con o Cusied Basis 1 Adtess of ulin (0 not we P bo (se instusons) 1642, 1643,1645, 1667, 1668,1651,1653,1655, 1687, 1859/2661,1663 AcB Henrico Ams street Richmond, ‘Va 23231 Name, eis and TN of bling owner rcehig localion Henrico-Richwond: Limited Partnership C1 Amended Form Name and acess ofhousng ere agency Virginia Housing Development Authority S01 8. Belvidere Serect Richmond, VA 25220-6504 ‘D Enrioyerenisaon numberof apency 540921092 193 Middle strect, suite 300 Portland, Buln enteaon nur (3 TN > 4.967880 ‘va0397001, ta Daleotatocaion | _b_ Mainum Rossing edt doar amount aiowabla. [tb | _§ 16,498 2 Masur apcele ca prcentage alate. <- ores nie agi a waco innit a tas ee fone doa pec cn EHO) Eta prep tc iis basis was ncased(seeinsneons) ‘| A Pectin appeased by temolinds. (240 ee-0-) : 5 Dae bung paced inservice. . yag/io3 | 7 6 : Shee nosh eb ein i et eb if 12 Ea Ney construct and cera subset Newly conse sn nt federal subsided DR) Exstng bung 5 sex. ehabaton pends federalyevbsiind © (Seo. 426 reebiiaonexperues ma federal subsidized $_[)Netaray susie by mason of 40.50 re undertx A2IV2NE) _g Alon sitet to noneroft se alder so. 205) ‘Signature of Authotized Housing Credit Agency Official ~ Completed by Housing Cro Agenay Only Under penelios ope, I ecae thal the alosaton made si conpénce wih the eqarements of secon 2 ofthe Ileal Revetue Oa, ‘and hat have exatind Pat of tis fosaand othe bet of my incledge and bess, Be noma sue, correct end core, TAMES M, CHANDLER AUTHORIZED OFFICER - ‘Sipnatecf aubortatebes! » LB 625- & if First-Year Certification ~ Completed by Building Oumers with respect tothe first Year of the Credit Period 7 Cio tad tba fee rebuon). TI eit tad im le ball atonal fl yardaat pd asses fa] Are you tating his bling es par of maple ung pct or purpose cl secon 42 (S00 ‘nstucins)? OC we O 92 FboxsacrbocGse hod doyoueletloreieelitcbade inden ANKE? «EL Yes Ne Do you clo redone basi by depropotionte cnt ofandow-renme wis (econ Gy? «=—«sC Yes, «No 40 Checktheaproptate box a each econ: 1 Sectio begin ce pe he fet yar rhe ln cd in serie ston 4). O vs D ww b Bectnotio teat lage paresis tempayer(ecH0n 4208) ones eveeveeeeeeeeee YS t € Becinininum shade regent (secon 42g) (seeistetons) CT] 2050 = Capen] enuy.c.on) 4 __Becldosprert showed pct acon 1421448) (fe bstucns) Seat Oo #0 Water W separate Schedule A Form W609), AnnvelStatener, for eash bulelog ui be alachod Te he tonaapondng FASE for each year ofthe 18-year compifance period Fa Paper Rian FNS Sa Pee eT Fo 6608 acrem 8609 | Lowlncome How n ing Credit ov Rov Saruary 200) Aitocation Certification beaten peace. > Do pot fe soporte bung owner must each Form B86, a ferme nm, wn Sees A Wer 0009 os Fadel cons tx er, SetTie 26 EEEIE. Atocation of Crecitcompleted by Housing Credit Agency Only Diese C Acetone Gusti Sais C) Amended Ferm IK hase olbiéng to rata PO, boneteactond 1 ae aa stesso onslng aa agony St Osgood Street Massachusetts Housing Finance Agency Metheun, MA 01844 . ‘One Beacon Strest, Boston, MA 02408 Si actin, ant To baling wma vecking ioenion ‘Dap entanin ana apy Methuen Mis Limited Partnership 04 2442080 33 Silver Street, Sulte 300 Na, Portland, ME 04404 Seer nea OSOBIBTE {Mar02-80006 ‘a Date of allocation » =» Maximum housing credit dolar amount allowable. [1B 1586 2 Maximum applicable credit percentage allowable. |... Per teat erate aE 3.6496 3a Maximum quaified bess... el tee fe AOS 'b Check here [1 ifthe eiglte basis used in the computation of ine a was increased under ‘the Figh-cost area provisions of section 42(d\(5)(C), Enter the percentage to which the eligible basis was increased (See instvuctons). Ss a pareiatags-oF Wis aggregate basis financed by tac exsngt bonds. 5 * Date buitding placed in-service Beer eee {6 Check the box that descibes the slacaton forthe bulging check one ony: 2 CF Newly conszucted end federal subsidized ~b (I Nowy conswuced and nt federalysubsiized © A Eitztng bung si) Sos, 4) rfwbinaion expenctuces faery susived-eL Soe, 46) rarabliaion expences no eter ssa ‘Gre pei of psy! dace tat te toatcn made ln commie Wa i ues lesion 2c th smal Reveros Cc, andtist hee rad Poti eB fom gost the bet ly owe an Det he Pot = um fore and como. ‘Sgratue faut ofc {iste please ype o pc First-Year Certifeation—Completed by Bullcing Owner for Fst Yoar of Cred Period Ony Ta Date builldiig placed in service rb Eligible basis of building (sec instructions) | 7b_ Bq Original qualified basis of the building at close of fst year of credit period»... . . Ba bb Ae you tating this bulding 2s part of @ multisie bulding project for purposes of section 42 (see aMEMOE tet Cis att ia ia aa oa ater gee area ag Sa If box 6@ or box 6d is checked, do you elect to reduce eligible basis under section 420)2B)7, . . Yes Otto bb Doyou elect to reduce ele bsis by cspropartonste costs of ontow-ncome uns secon e2idiay? Yes CONo 40 Check the eppropate box for ech election: ‘a Elect to begin cred period the first year after the buliding Is placed in service (section 42in¢) . . Yes No 'b Elect not to treat large partnership as taxpayer (section 4205}. 2... 2. Yes ¢ Elect minimum setasie requrement (section 421g) cee nstucton’) "20-86. ° “Ch dbo” ” D280 v.c ni Elect deep fenk-skewed project (action MZiQWIEU Gee instucions) CI ifthe eligi basis used inthe computation of ine 3a was hreesed under i Seon re prove srton ASH Et th percarge fo whe te ee bess was Increased Se instructors). 6 eae ee ne ee eS 4. Peerage ft opt ss cyt bis tabs. “3 Gheckthe bo rer desecbes the toca or is Lag stk one ong 1 C) Nowy consvucted and federalysubsiézed b C1 Nowy corsvusted ané not federally sussdized © Existing buling a0 See weenie expendkures fecierally subsidized e(} Sec. 42(e) rehabiétation expenditures not federally subsidized eg pe, oie a smi ren sos yh muons si De er tvee Catena ai Ereaesony coretoncr coeoieecnnremnees =a IO bs aa »lofrofoz. isa ip pa FEE] Frst-voar Cortiiation—Completd by Bucing Ovmer for Fist Year of Cred Period Ony 7a Date bulding placed in senict PL. -lonun-_b Eligible basis of bulding see nsiuctins) [IB] ‘82 Original qualified besis of the bulling at close of fist year of credit period... af" b Ave you treating this bung as part ofa multiple Bulding project for purpoces of section 42 (see insrucions)?" paopanacinit “Dyes Gro {2 I box Sa or box 6d checked, do you elect to reduce eile basis under section <2m2W6)?. | | OlvYes Ne ‘b Doyou elect to reduce eligible besis by disproportionate costs of nonowi-income unl (section 42(aX3)? Yes E]No 410 Check the apgroprate box for each seston: 12 Ekct to begin creit period the first year alter the blding is placedin service (section 42min). . Yes” C1No Elect not to veat large partnership as taxpayer (secion 428)... .... . Oe ¢ Elect minimum set-aside requirement (scton 421g) see instructions) [120-80 “C3 doséo” * 25-60 ¥.c. onkp Elect deeperortskowed projec section T42(sK4/6) (se2nstctions) e180 Note: A separate Schedule A (Form 8608), Annual Statement. foreach building must be aitachad tothe corresponding Form B50 for each year of the 15-yeer complence period. Caution: Read the insructions under Signature (bage 4 before Signing tis part. Under penetis of peu, | decare thet the above bung conines ta qual a8 pat of a que lw-sncome housing peject and meets the ‘equierents of Interal Revenue Code section 42 and that the que bess of the tung has ® hes not ® C) decreased for is tex ya have examined his form and atschmerts, and tp the best of my trowel and belo, they ate tue, correct, el complete, ue ‘Sonn “fapaye ericson mara For Paperwork Reduction Act Notice, see page &, ot we EBV Fem 8608 tan. 1.2000,rom 8609 , Lotecingome Housing Credit i own wee Fe. nny 2508 * ” Alfocation Certification epareety.Thottng or mt sch Fora 80 ‘aioe Serene ren bn and Somat h Porton) tos Posra sine Se tm Spotl 36 _ERTEL nocation of creait—Completed by Hovsing Crest Agency Only ‘Gee TT hain w Gaited ase Ane Pom 1 eset wt oa nF. ar Bans od aS Tg copay forth Cazolina Fedéral Tax Allocation Corinittee c/o North Carolina Housing Finance Agency‘ {P.0. Box 28066, Raleigh, NC 27611-8066 ame aes od Tt Daag oar og SSI Engage inter egy 56-6000372 T Ra apie oT =_® Masini Ping cna doa amauta, «ABTS TEE 2 Maximum appiicable credit percetage alowable . Ha % ‘a Maximum qualfed bass... a | 8 _S6BEL00 ' Check hare > [I ifthe efile basis use in he eompulton of Fe 3a wes rea under Side a psn feo LAD. Ete te pata ht Ac Pamenuge ttn angen a inch by tenn 5 bt leg aad steers '& Check he box that deserves the alocaton forthe bub heck ae On ‘a Newly constructed and federaty subsidized. b C Newly constructed and not federal sibsitized BX} Existing butting <4) Sen poubinaton expences leery subst eL Sec 42 ebbiaton exerdres net eda eee Tepe ee eet scarce cerns ests can t= Yan ten Need Pani Wet Sa Dobe yin nae Caflomattoe cee acon a Date bulcng placed sonice P..L.f.. b elgblobasks oF bulding oe nstrucions) [2B ‘a Original qualifies basis of he bulding at cose of rst yar Ofcrect perod .. . . . . . LB. fv you ueatng this bulking 2 prof « mainte bulting pet for prpses of ston 2 (sve ti eee iets betteeicti ett vee eee es DY No a bots obox Gs che dou dc rng ha ade Seton enn, YE BAS 'b Do you see toreduneefgle basis by disproportionate cas of nonow-ncome uns section 2{aKmy? CI Yes INO 10 Check the appropriate bx foreach election: te ‘9 Elect to begin cred period the fst year atrthe bung is placed in sorvice(socon 421H0)-.. C1 Yes CON 3 Sectnete wet yg armen o pape ton COED Seseaenes iG ves j Sen pines ceeded Oiassd °C foie’ 8 Bao 4 Eiet doopron skewed pos wecton MONO) eekemucion) es se. TE eo isan kee (Rae anne cee ace nae gy fer each yer ofthe 15-yoar compliance pried. ‘Cousin: Read the instuctions undor Signature (age 4) bolre sing tis pat. oer Une praia of pass core tht he sbove bultirg corto qu asa part of» ued iw nse ising pect ene es it requtomens of ria Revenee Code section 42 and hat he cuatied Bess ofthe bung has ® C) has > Ba creased ert tox YEH have eained thi fom and tachment, and t the Bete my knowlege and bee, ey oe ue, conack end compte. 001 Ple= 140, ‘Spay Gen a tlo-of For Paperwork Reduction Act Notice, som page 4. carte Esl Fem 8609 mee 08tun 8609 Low-Income Housing Credit JOMB No. 15462806 {Per an 200, Allocation Certification Depariretof ne Tess Donot le szeraely, The bling owner mist ash Form 88s, tal Renn Sania Ferm 800 sel Soba A Form tf is Federal income ax lh SemenceNo._ 36 Part 7 Allocation of Credit - Completed by Housing Credit Agency Only “Ti tastont cum ease Clarendes For ‘AAs bung onl e Poe eons) “Name ené ass ofhousng aed afer 151 Walnut Street ~ Maine State Housing Authority Portland, Maine 04101 858 Water Street, : Augusta, Maine 04390-4833 (© Name ascend of bang owner rota alocton > erotoerienteafonnuabet a ageny {sland View Apariments Limited Partnership 01-0812918 88 Silver Street, Suite 300 FE BaksngKenstcaton aber ON) Porttand, ME 04101 ME - 02-0005 TIN_> 01-0582690 Ta Dated elocation Wasim hovaig ced dolar amount alonable [7B] TTS, 2 Naxinum applicable credtperceniageaiowable se. ee LR Bae aMaimumqumifedbae ee PB 5282195 Chock here [7] ithe egble basis used inthe compuition of ine Se was crossed under the high-cost aren provisions of secon 42(4X6)(0), Ener hs peréentage to whiah he eligible boesinwasinereaced (ee Instone). vere [Sb] 120% —_ 4 ~ Percentage of the aggregate basi anced by taxcexempl orcs (zor eee :02) 7102 STS Date buling place serve oa yy nes nee ‘5 ‘Check the box that descbse the allocation forthe bull check one ony 2 hey constuced and ony tated BD] Nowy consecrate Leaguer dF cton. 2 rotation xpores sly wbaoeg & [ssn 42) eebitatonexpnauts a eeray subeties ‘Unt pesios cpa. dear fa he slccaion made %henlaae Wh be SGUIGTaA oTesiiah AE ole wha evens Caos Sat Wok] aor aro Par of ieee an ote best oy trowlese ad belt, fe maori Wu, cet an comps > > Micrwe R, DeVos, Director of Davelooment > fo far for i Siratue bratoiied lfc Tame (please ype or arnt) Bate Part Il First-Year Certification Completed by Building Owner for First Year of Oredit Period Only 7 & Dai blcngplasedin seven Bigs bess crtatang ave noratars) [7B 8 Origin quate bal tthe ing aco ean eet pare Soe e oH yee ete ' Ars you wetrg ms ouadng aspartof «maple tng rot purpones of ecton 42 pacincrwsinns | o- gq» 8 a tox sa rsdircreckas, a you ela i rote ale ass ude ston 42(2N8)% o« § ' Doyousectn racues oie basis by Heproputonte cele of onlowincome nl (scion AH)? oe A» 10 chackibe appropiate bo eno eleton: et oben rot pati the fat yea ter i bulge place sri (econ 420) oe ge» bb Ghetnot wo vestiage paershinastxpaver wechone2Hh) Ove © et nniram sora elena eacSon 2 (ee bes) D =e os Ey =enve.ony dd eet coeprentstnnd projec oetan14215)6)) (a8 eke) Bie eee aerate os Note: A separate Schedlle A (Form 8608}Amnua Satemert, foreach buting me be stached tothe covesponding Form 0006 foreach yeer othe 18:year compliance pared, Caution: ead the Inetructions under Slgnature (page 4} Batore signing tis par Under penaltes of per, | declare thatthe above butngconfnuesto quail a part fs quslfedlotvincome housing project and meets the requirements of intemal Revenue Code section 42and tat te qullad buco fhe building nas] hasnot [-] deoreanod fer ti mx ser. | have examined this form and attachment, alo the best fy knowledge bel, they ae tun, corte, ad sompleto, > > > Senaure Texcayer ieeniicaion number Dae > ‘Name (pleeeo pe or pa For Paperwork Reduction Act Notice, see page 4. Cal, No. S8051U) Form 8609(ev. #-2000)( € r= 8609 Low-Income Housing Credit eee etal Allocation Certification oe gamete my * abu sr tte For ed Tee Perec nee audit Aon tte ee eer celta FEE ticcation overeat - : ; Check tt — ]__ Adon to Qualified Basis DD Anenied Fam 1 Kies bling oats. Oto bream) ‘|B Nae snd tounge oy 2325 Nadieon Avenue, Bld). 5 YLzpinsa sousing'bevelopnent. huthozity Newport Neve, Va 25607 Selva Betvitese sesene Hemsond, Wa 2322006504 © Rane ees ad Tol bug ewer ecg sosibn [DE Geuoen br doa) Welker-Newport News Linited Paztnership s4-0902882 33 Stiver Street, suite 200 Portland, NB O40 Tr aeiemccncer TH» o1gsotse vaoozoe0s ‘1a Datectaocaion? JAB Masinumnhoushg aed dala anoumalowabla [ab] 8 12,329 2 Winum ape co peg BENBBE eee eveeeeeeeesese v [pee 2a Wednum qed bat. eee Pe (Check hom » [2] ithe eigle bass used nthe compuafon of ne a wes increased under ‘Pe high-cost area proviso acon 4218) Enehe percentage 6 whic see in va neeased (98 MENS) vs vos cee reTT Teese | erceniage of he egregate basis ranced by ta-exemaibonds, (f2erener-0-) . Dale but pacedin sev. nek eu Svan gy PROPRIO (Check the bones that descibe the alacaton forthe bude (check hoes tal ab mee Ctewy construc andfedraly subsiszed —b [New consiucted sd net fader eubsidzed —¢ ng tubing 12 Sez 42) rehabilison expenditure federal eubsieed [Ses <2 reabitaton expecies teary substan Wt era ssid by redsnno 40.50 re unceec 20)2NE) 9] Alon sbi to nonrclsealieunda sex <2) ‘Signature of Authorized Housing Credit Agency Official ~ Completed by Hous Cret Agency Only Under anaes of perjury, Idecare fa fe alocaon nade isin conplence withthe reqdrenants of secon 42 oie Wremal Renae Code, ‘and rat thave exasined Pat of hs form ad to he best ef my kowlge an bei, te formton is bus, cect and complete, AMES M. CHANDLER » > Bxeo2g shored First-Year Certification - Gompleted by Bulding Owners with respect to the first Year of the Gredit Period pe bass of ing (See nsiaciom).... ss =| seat Cigal quafed bal oft bung aioe ol fist year of ce prod ta | SW5AaT ‘re you treating is bung a pat of « mp bung project for pupaes of secon 42 (ee inetucionsy?. sees eres thax or box is checked co you lett reduce edge bass under econ 2iV2}6)? Do you elect ecuce ele ass by doropetonat ca of nonow noo units (exon 4269)? ‘Shec he appropiate bx foreach lcton: ‘ecto begin eat pt the fist oa ati the bulcng placed see (eecton 2001). « ect not to at ge pariraaip os inpayer (scion A208) vee eevee ee Ec minimum setsieecukenent (scion 42) (see snctons) C2080, 2580 NY. iy) ct deep rent-atowsd poet (eason A26Y48 eee eeulons) Saeed 40 TH separale Schedule A (Focm E688), Annus Stavenedi, for e8eh Dulding mel Be alached tz Te sovassonTag POS TOT Yes No Ye OF to Yes 2 we Yer oa a a 0 re Bw Qa oO oO for each year of the tB.year compliance period. Far Fiptwor Racieton RNS OE aT Fan 6608 paLow-Income Housing Credit Allocation a and Certification ‘OMB No, 1646-0808 cectedt Fein oT Cea ‘heck it] Aiton jo Gualited Basta) Amended Form B senate he Fb) os Fat in a oP Fe | nmenetmetiee yerly Dr loosing Fin fiwsrdsvitie, PA 16/04 Pitncrent stot, P.,bortO@ Harrisburg, PA 17105-0029 Ope aes eam Ta me eae 1D EnpeyrWritesten rw Tay iwardsville Apartments 23.r733028 35 Silver Street, Suite 300 re Portland, ME Sité1 "3000 . Deanne ~01306 sy 8271208 4a Date of allocation > 21) b Maximum housing credit dotlar amount allowable tb 16,900.56 2 Maximum applicable ered percentage alowable , see see 2 3.41% Qa Maximum qualified basis... Pata Sal __. 495,617.60. 1 ifthe cig basis used in tho computation of ine 38 was increased, check the appicable box Halal and enter the percortage to whieh the sligble bass was inereased (see mstuctons). T Buiding ccated in tho Gulf Opportunty (GO) Zone, ita GO Zone, or Wik# GO Zone i {Section 42(6(6)() high cost area provisions 4 Percentage ofthe aggregate basi inanced by tax-exempt bonds. (I 2:0, antr <2) 5 Date buling placed MseVCe ee E Check ho bores that descrve the atcalon forthe ling (check thase that app: ‘2 Cl Newly ooncted and aderaly subscized. pC] Newy contnicted sod nok Federal subsidized. ffl Existing bukting dC Sec, 42{e} rehabilitation expenditures federally subsidized {1 Sec. 42{¢} rehabilitation expenditures not federally subsidized 1 Ey Net edoraly subsidized by reason of 450 rule unde eo. dE) gC) Alesion sabe! o rent ease uae ec, 4048) Signature of Authorized Housing Credit Agency Oftcial—Completed by Housing Crect Agency Only Trae joao pay, dca Ha te alaston wae wh sonplane nih he aka a vatan #2 oe aval Reve Game, wn yaa tcp bet fy tontosge td Slo theorem econ, wa ome Betan A. Hudson ; Hob _- _— poBeacutive Director p P8237 m07.. Were rie id ii ae 9 pn [REBRI Fist voar Certeaton—Compietod by Siang Overs wih reapact wo the Frat Voar of he ied Ford 7 Eligible basis of buikling (see instructions). eee eee cae ee Le XoF {3 Original qualified basis of the bulking at cldse of frst year of credit period. sy... USaL 47C GP ‘b Are you treating this bulding és part ofa multpla bulding project for purposes of section 42 (see instructions)? Dyes No ‘9a If box 6a oF box 6d Is checked, do You elect to reduce eligible basis under section aameyey? Yes 0 No 'b For market-rato units above the average quality standards of ow~income units in the building, do ‘you elect to reduce oigible basis by disproportionate costs of nen-low income units under section 2(2yN8)? eer >» Ove Oho 40 Check the appropriate box for each election: Geution: Once made, the following elections are frevocabie Elect to begin credit patio the fret year aftor the bullding is placed in service section 42((1)) 2 Yes (SI No b Elect not to treat large partnership as taxpayer (section 42()5)) ect o> OC Yes Elect minimum set-aside requirement (section 42{g)) (see instructions) C) 20-50 [40-60] 26-60 (NY.C. only Dr an tr sey eh ca eka yO Soe Hy - = iO pt ett 007. ye F728 he » Tice esosshpe or in Fax year seca Rss Psa oe A cen ove mer os mE RON noe‘n ,8609 EEE Allocation of Greait, Check [-]Adcon To Gealied Bats E] Aenea Form Léw-Income Housing Credit Allocation and Certification (OM No, 1545-0508 ‘A Aasross of bllding (io natuse PO, bo) (oss irahuctons) 'B Nam and aicrecs of Rousing oreal sg0ney Bling At . New Mao Mrsage Finance Autor, . 2001 Hopewet st ‘244 ah, Skeet SW ‘SANTAPS, NM 87805.0000 = Abuquerue, NME7102 ‘C Name, adereee, and TIN ofbulding owner rocoNvng alosain Las Paiomas Liried Parmership DD Empoyérienieaton surber of gery snes ‘33 siver St, ute 200 Portand, ME 04101-0000 Eling Woiticaon narber BIN) TN" zgseiso: NM-o4- 22001 ‘1a Date of locaton » Masur housing erat do 2 Maximum appieable erect peresntage atowsblo. ar amount allowable . and enterhe percentage fo which te eligible basis was Increased (see: Instructone)—— a Maximum qualified bass... by Ifthe elgibe besis used inthe comrautaion of tne Se was increased, check the aplicable bo {C1 Buieing located in the Gu Opportunty (GO) Zone, Rita GO Zone, or Wilma GO Zone’ Ey Seaton 42(4)6)(0) high cost area provisions: 4 Poroontago ofthe aggrogate basis financed by tax-exempt bonds. (ifz=r0, enter.) 5 Date building placed in service > s1o12005: 15 Check he boxes that desabe the allocation forthe bing (check those that apply) a [Newly constructed and federally subsieized bT] Newiy constructed andnot federal subsidized « WZ) Existng busing [jsec.42(¢)retabitaion expences federaly subsidized © [-] Sec. 42(0)rohabition expenditures notfederaly subsidieed f [iNet tederaly subsiizesby reason of 40-60 rule under sec. 42()(2NE) aL ]ecaton sbject to nongrosetasil under se 20515) ‘Signature of Authorized Housing Credit Agency Official — Completed by Housing Gredlt Agency Oniy ‘Tider penatce of pajury, | dodar hatte allocaian models ia complince wh the eqivomen® of secon AZ of te ltsmal Reverse Code, ‘and thal have exined fs form and fo the beat of my krone and ble, te ineraton fe, eonett and complete. ‘Linda Bridge ». Sait. of eutttzed ofa ii aes pe Sp [REEED) First-Year Certification — Completed by Sulding Owners with respect fo the Fist Year of fhe Credit Period. iste ee ene PBB. AD ‘8a Original quatfied basis ofthe bulcng a close offs year oferect period « ealla, BH ON" 'b Areyou treating ttésbuling as part ofa mule bling pect for purposes of secon 42. . : {ee instructions)? pe eeea bees eee cee > Lee Rito {8 IFbox Ga or box Bdis checked, do you electto reduce efile basis under section A200Q2)5)? - - Eves ON 'b Formarkebrate units above the average quay stenderds of loweincome unis in the bulting, do you eléotb reduce efgible bass by disproportionate costs of non-ow income urils under section BOGE? -.---- ee : peeeeeees MEes Eto 40 Check the appropiss Box breach lection: Caution: Once made, the flowing elections are revocable. = Ele bog codtpafo to ftyear afar bua pees neeie oaion 2K) « . ves ne ‘b Elect not to treat large partnership as taxpayer (section 420K). we eee ee ee ayes © Ect minum setesie requtement (secon 42(g) (see instucions) E]20-s0. Bxjaa-80 | asso y.c.o0yy Elect deep rent skewed project (section 142(¢)(4)8) (608 Instructions). z so Sreareee. decarefal ie abovebulig cobras B For Privacy Actand Paperwork Reduction Act Notice, see instructions: catia cs a pat gull cone Saag and maa a Keven Gre sncSon 42 hve ned ie mad eters anit het of ng kno i bel Dey ry. LO, FemB609 Re 122000)rem 8609 * Lowdncome Housing Credit Allgcation Certification (eer ay 205 eae ahay > Do nove exports Te buling ovner ret attach Form #585 Soma Brioetnis “Form B08, and Senedvle A Ferm BGOM to hs Fedora income tax return. Seoumee Wo. 38 TERE] location of creat—Completed by Housing Credit Agency Only Saske Deans Gated sas) amare hare lng oot ee P.O nso at) © ase wa ncoa aimag Seats ‘91 Cay Stract Mass. Dept of Housing and Community Development (Quine), Massachusetts 02170 (One Congress Strat, 10th Floor Boston, MA O2ttd 5am aaa aad bang ome ge 7 Era ence roe aA Woltaston-Ouincy Limited Parerstip oaeoez2ne 3 Saver sires Suto 293 © ig Satan Portond, ME 04101 Tom an PEOSBTENS bacon BR... b Mavimamhouslg oredt doer aout alonsbie . 1 2 3 Ta Dae of aocstion » 22 2° Mavimum apple eed puertage atowable 43x Nosmum quiet bess i 1 Check here» ae eile bss wed in he enon of ire wa erased wider the figh-oet era povilons of saaten «2164510 Ener porcercage to which te gia bres vos ncrases foe nseuctoe). Be gee 4 Beconage ot ogee bes frencedbyiaeienet ord tabs eit 3° 2 Sopdet of hoy este on st SUSI" WL ten Cate onl Ty mind SCT Bing ala ED See. Toe) eheblutan expences fotaty aieed ED Sen 2 reteilatenexoenures pot eur bees Fev peste pet aiden ieecopis wa a eases ocr coe bear Gn wre 4 came ( aun Hone Weblis Cuando. » 214 JO aah Oy a Tiel Coit ~Conpaed Bin Oe FY of uh Pod Op Ta Date biting placad in sonics OLIGI.E-B1., b igi bass ofbulking Gestreinctond) [2B] 8 eT, o1e ‘Ba Crighal qualifies bass of the bulking st dose of fst yearof cect period... . LER 2, 087, 0 fe you Deng ths bung es po fe mie bling pj fer pape of seston 42 (ee BSAGION? ce et et te ties wee Oe ‘ta box 6a or bor 6 5 checked, do you eee! to refuce cig bass under sein <2 O vs 'b Doyat eect to reduce elgfie bess by dsprsporionas certs ofnoniowincome urs feacon Safa? CI Yes 10° Check te appropriate bax foreach ection: ict to bog ei par the fs yar ser te bung placed sees acon «2mcny .. CI Yes (Gack mot wat ge perteship ws esepayer Secion 2B) vig ge OMS © ect minimum sev-esde regarerent (section 42g) se rstucond) (26-80 ° "SH obo 25-00 (UY.C. ony) 5. Elec Soap rantskewed projet (section VAAN) fom emtuctons) we ‘ig Notes A sepante Schedule A Form E609), Annual Ststamre, or exch buiing must be attached tote corresponding Form 5500. {far exch yoor ofthe 15-year compliance period ‘Gauiiont Rend the ratuctions under Signature foage before signing tis par. Under poral f phy | doce he he above uldng cannes to qui a5 9 pat suo lw cone housing pret and mses raquromerts of ital Ravense Code sscdon €2 and tat he qulfed bss of ie bald tas ® (I bas not » LI szrased trois me {ye hove exrind Wie ert tnd accent, onde the st Bf my knoe and ela they aE ue, eee, dea, po Neale aan For Paperwork Reduction Ret Notice, see page &: ‘ah oD Fem 8609 fr 350i Low-Income Housing Credit Hai fie Allocation Certification ‘The bug ever must each Fors 509 and Schadule A ie 8608) tots Feral coma to erm. Ov no 45-0088 Part Alocation of reat Shek [| eaten nn aC] ae : ‘R Racios of bole a not we P.O. Dod an rsh ana and eames a nang elt aE Liens Drive » Blas, Cow Total Buildings 15 |" lew Jersey Heueing ond Rortgage Finece Agency Brows Mills) Kd OBD}S 57 south Clinton Avenue 2. 0. Bot T8550 006i, oun sods Apartments Trenton, Wd 08850-2005 FNea, ees,e TH fbting unat WSO oI 3 Erloyr anton samba oT SAT Browe Wille kpartmente, Lic Bi oar serewe burt 300 zetsezre Portland, wt osi6t ing Bantictn aaber NT , Ru-ot-s4dot a ‘a Date of alocetion _00/ 00 / 00 — & Maximum housing credit dollar amount allowable . | 1 49,286.00 2 Mavimum sppieble est pocentage towable ss ww oe 3.500% “Si simon awa Bea cH “b-Chek hero i cise Skene: 1A = the Navan re vl of econ 42ND, tere poset wh eae basis ae incrased soe inetutions) ws : ara: | 13.9: °% 4 econ ofthe eogrguts ais fnaoed by tmcetampt bond. aus, ener 0). LA ns 6 Date buling pled eardcs oe Co ele © LDL {© Chsk to toe sat devorbe the sostin forthe bling (heck hose thet pai 1 []] Newty constructed and federally subsidized —b [JNewly construsted and not federally ubeidized [] Exeting busing 4 [E] Sec. 42te)rehabittetion expenditures federaly subsidized 0 []See. 42{a) rehabiftation expondituree notederally subsidized + Not fedraty substzed by rescon of 0-50 rule unde eo, 420208) gC] Alceation subject to nonprofit set-aside under se. 4215) Signature of Authorized Housing Credit Agency Official Completed by Houting Credit Agency Only ‘nger poraites of pry, | deca thatthe sioceton rade lm conblince with the feauerente of socion 42 ote heal Rovehuw Coda hd tat ve examined Pert of tis frm and tthe best ofr fowtlodpe and See the information tae, cece ad coneine Delre bedten SIRES SP tox credits sarees Senos ot satan od Te ae pe oS te Part Il . First-Year Certification —Completad by Busing Owners with respect to the First Year of the Cradit Period oc epoatate niet ee menue ice ana | ‘88 Original qualfied bats of the building at close of frst year of creat porod 'b Are you treting this bling os part ofa multiple bldg project for purposes of seotién 42 Instuctonsl? ss eee +. Dye One ‘Sa box Ba or box Bi checked, do you eact to reduce ible bass under sexton a2mmiziian’ | | | Elves Ne 'b Do you slect to reduce eligible basis by disproportionate costs of romlowrlncome units (seron 42(4(3)? ives EIN 10 Check the appropriate box for each election: ‘9 Eleot to begin crest period the fcst year after the buliing is plsced in service (section a2cciay) —., D¥as No ' Eleot not to teatlarge parmneship as taxpayer (eecton 42GH05). se ee. DYe Elect minimum setaside requirement (section 42(g) ise Instustions) [J] 20-80. [J 4-80 | F]25-80 N.C: only) 4_ Bact dosprant-skewed project (section 142(e)/2B) see Instructors) we Geo Note: A separate Schedule A (Farm 8608), Annuel Statement, for each bulting must be fled with the corresponding Form 8609 for each year ofthe 18-year complince period. For Paperwork Reduction Bet Notisa, bbe page 4 Behe Gon Fars B08 ian rasam 8609 Low-Income Housing Credit es Allocation Certification vo reeeceee Deparero e Tessay Do not fle separately. The building oviner must attach Form 8586, schment SEMMORTES” | __ rom e000, Scho (Rc 8009) t0 bs Feet incom te etirn ran Ne, 36 Part! Allocation of Credit — Completed by Hovsing Credit Agency Only Theskif[]_asion to Ousifed Base] Amended Form Aaa bg (nt oe Foie HP 7 Was ada og a cart Sumeril place Totat suites 15] "kaw sersey Housing ara Nortonge Finance Agency Pens. Grove, Ki OED {7 South Clinton Avecue : 0. box 12550, “ 000683 _ ems trove Anartnante “Trenton, KJ 06650-2085 EF Hane, iver, sod TN bung owna can SSDS Deploy Geis nave oT EAS Penns grove Apartment, ULE 7 $S°Shiver steer eee Portland, HE Obtot Bag aac Ra RT a wa-o2-68501 ‘a Date of allocation __00/ 00.1 02 b Maximum housing ret dollar emount allowable. | 1 B70 2 Maximum applicable credit percent allowable ©... ee ee ee ee ee PRE 3 50% 2a Maximum qualified basis. : 30 ,wet0 Check here [Z] i the elite base weed in the computation of ine 3e Wes ineressed under tha high-coot area provisions of eoction 42{dl(5VC]. Enter the porcantege by which the elible ‘basis was increased (see instructions)". es feet eee 13.0 % ang") Percentage of the aggregate basis omen bend bonds tos: eit se ae ais 8. Date buling placed in serve... ors 16 108 = ' Chick the box thet describes the allocation forthe buldng (check only one a [5] Nowly constructed and federally subsidized b [Newly constructed and not federally subsiczes © [) Exleting bung & [i] S8e."42[0 rehabilitation expendituras federally auixdizee « [ Ses, 42[e) cohabitation expenditures not federally subaidieed Se ote ces ae arto ees lings we aut en 2h Fl vr Ch pre he ind Soc na ae wee Le oes BEE sa ores weer es Part Il, First-Year Certification — Completed by Building Owner for First Year of Credit Period OAly Fe Bais bg pasa nsec [7b ge tno ng ne ssid [Te 2S olka eoted bei ot te Ang WEG oie ond ped Ee Ate Yoo wong tsb a att «map ung pre oppose of en 2 aa inemoetion? se ee yes GB¥e. * te ba Mtoe Got bos 6s sce is you ceo ecole bia une econ casie | yes’ Bs bb Do you elect to reduce efigible basis by cisproportionate cost of nor-lowrincome units section 4240NH7? [Jes EJNo 10 Check the appropriate box for each election: oryoayes aie ‘Elect to begin credit period the first year after the bulking is placed in service (section 420n(1)) . . Yes [Ne bb Elect not to sreat large partnership as taxpayer (section 42/51)... ws sw ss EVs © Elect minimum set-side requirement (section 42(g) (ete instructions) [J 20-50 [J 40-60. [5}25-80 WN.V.C. oni Elect deep-rent-skewed project (section 142(di4)(B) (see instructions). ss + E1840 Hote: separste Schedule A (Form 8609), Anquel Statement, for each building must be attached t9 te corresponding Form 8609 {for each of the 15-year conipliance period. ‘Caution: Read the Instructions under Signature (pege 4) before signing this part ‘Under penal of parry | declare thet th above bulng cortines to quay as a pat of aqui loncome haushg project and meets the reauirementa of Interne Revenue Code section 42 and that ths csifed basis ofthe bulking has [} hee rot [-] desresod for this tex Yeer. [have examined ths form and attachments, and othe BEetof my knowledge and belt, hey re Uue, cOrect, and complete ‘Sianure 7 ‘TenpeyerWenitiowlon number ‘Bae For Paporwark Reduction Ast Notice, see page 4. (aN, 650810 Form 8608 aanvioenLow-Income Housing Credit (sene Allocation Certiffeation one > The building owner must sttach Form 8508 and | cent Schade A (Fore 808) fo i Federal Income tox retin, | Seen ie 98 FEEIE] Atocation of creat ‘Grace aaion i Guniog Bans [eed eon 1 dase tabi Go nt ws PO. bog sso ronan) Wns sd ena Rating aa eT 5 Intervale Str MassHousing" Boston, MA 02119, One Beacon Street Boston, MA 02108 Bisby Goaaionnmbe elapey Tea, aceon ad Ta ang over Wag ao ‘Rexbury-Mount Pleasant LP vers a : 4100 sver Street Ta a a Portland ME 04104 ee whoe-20003 ‘ta Date of elocation ® 8.44/04... by Maximum housing cred dollar amount allowable 2 Maximum applicable crect percentage aloweble a Maximum qualified basis. er diererdites ea pa est eee ee b Check here_ pO) if the elible bans used in te computtior.of ne Sa.was ieweseed ne the high-cost area provisions of section 42{4/5)0) Enter the peroentags to whi 5 wae HoTeated 08 inetuctions) . Petter 4 Pettit othe aggregate basis financed by tecenempt bonds. (ze, eater -2-). 5. Date building placed in service sm LS © Grok the boxes that deccrie the socaton fore Buln faheckthove that Sppiye ‘2 Cy Newly constructed and federaby subscized (I tlenly constructed and hoteceraly sibecized © El Exits baling 4 Cy Sec. 429) reabitition expenditures federaly uisdeed © L] Soo, 42) rehabiltalen expendiores not lederaly suneted £11 Not federal subsidies by reason of 0-50 rule nor sex. A202) gL) Alocaon evi ono seas net. Do you elect to reduce eigible baeis by clsproportontie costs of nonlowvincorse units section 42iysy? Ol ves No 10. Cheok the appropriate box Tor each election: ' Elect to begin crecit period the frst year atta the bulcng is placed in sence (section a2inty). . COves no Elect not to teat large pernarehip ae taxpayer eoaion 4206)... ss «Elect minimum set-aside requirement ssetion <2(3 ee instuctns) Elect despwent-skawed project (wecton 142(3/4)3) (ese metustone) Note: A separale Schedule A (Form 8608}, Anrusl Statemsrt, for each bulting must be fled withthe coresconaieg Form 8608 for each year of the 1S:year complanoe peviod. For Paperwork Reduction Act Notice, ee page 4. Cana eet Fem 8608 Fie 18089)aera inate tem 8609 Low-Income Housing Credit esas Allocation Certification | msn eects Sovmersr e ‘The huliing oer mast ach Form 8009 ad ane neta be Schade A Fon $0091 Feder come ta 8. [BEM “36 Part Allocation of Credit Gack [] aceon wo ltd Ba) Amended Fate 1B Raat ot lg rots Fx ave Waves Tae ad aca ogc wp 7 {S comercial Aves “tel auildine 13 | ex Jersey Housing and Mortgage Finance Aasney Nw Brunawick, 80 C8901 S57 south clinton Averwe sO. Box 18550 oneeo_- Ne Bruncick Apartments Trenton, Wi 08650-2005, ‘Tame, sass aa Ta tating ener wees asaTon Bayt ntatin Rowbar oT RGeRGT Ney Brapewick Arartmente, LUE zeieseare iver serest bevel tor Sa niaate stent sue 300" 7 batare Sean aaa Portland, He 640} Persie, Sth a 29001 4 Date ofelecaton _02/ 00. 92 b Maximumhousing cet dellar amount atowabie . | 78 127.09 2 - Maximum appieable credit percentage allowable ss 2 0 3a Maximum quilied Bab. . Bs D Check here). ifthe site basis uted in the comoutaton of tine 3a was ierassed under the ish-ne re prowiions of secilon 42(6NSMC), Eta the percents 19 whch the alle 5. Date bulding placed in ervies 8. check the Soe thar sre the scat fr te bli (sk thve thal opp ‘8 Newty constructed and federsty sbsidred - b []Newiy constructed and not federally subsidiced © [F] Exiting bldg [7] Seb, 42a) rhablitation expenditures federally ubsisaed © ['}Sec. 42lelrehablitetion expenditures rot federally subsiad + 5] Not feeraly subsed by reeson of 40-50 rala under se. 420N2UE) ] location subject to nonprot stasse under see 4208) ‘Signature of Authorized Housing Credit Agency Offcisl Completed by Housing Credit Agency Only Tae panato of perhiy | decir dt the alocaian jade sa coraplonce WA fy foquerpens of senion 42 of the ial Revenue Goas, Lr para! clam Pera tt forts ans 10 te boot of my knowledge en bel, the information te, eoreet, end compete baie £_BRRBOFPS? tax creaiee sor20res Stpetieo aneed wt Tin ene pe 8 BO = Part Il” Fist-Year Certifieation—Completed by Bulding Owners with respect to the Fist Yeer of the Credit Period 7 poate centage bed feet i {8a Original quelied basis ofthe building at close of fst year of creut pedo vv. : Are you treating this building ae part of # multe buling project for purposes of section 42 ( frewuetonsi? =. : : Dyer DN ‘9a if box 6 oF box Bile shecked, do you eect to rede siibie basi unr eecton azeiiziti”. . . E]ver No Do you elect to reduce abe bess by dspropordonatcnee of neniowincome unit ceeton 4ziarsit C}Yes No “10. Chest the appropriate bo for each eastion: atu tgh cei pid he tyre he bulge peti ence eton aznin) «°C Oe ect not fo teat large partnership es taxpayer ection 420/59). (ve (lect minimum setasde requitementfrodon 42() (instructions) a2 ‘2050 a 40.50” 25-50 0... ont Elect deoprentakowed project (scton 142(ei 4) ee natructione)_« : -_- Brs40 Note: A saparate Sahedole A Form 8606), Annvel Statement, for each building must be fled with the coresponting Form 8609 for e2ch year of the 15-year compliance period. ex Paperwork Reduction Ret Notice, see page a We oseTU Form 8508 pcmLow-Income Housing Credit Allocation Certification De not fie ezzrately. The building owmer must sttach Fotm 8586, ‘uci nvone tovet Form 8609, and ‘shodule A (Form 8606) tots Federal nome tox return, Fert _ Allocation of Gredit — Completed by Housing Credit Agenoy Gniy Gieoe [Asan te Gale’ Baas] Amends Fr ren 8609 (er. senvary 2000) Fewas OMB No, 1545-0068 ee A Rajat af bling Ge ot as FG oo satan Tare oe ane eg mea oa916 packer lv Busing tof 20 |” Aentgan state fousing Develostert huthortty perfor Tourhipy ME G8i97 5 Wichtaen ve Fe aoc 30044 . 20g _panbury Park Han Lins Ht C90 Nees aes STH of snr COS EST 7 ee RT TES aT berburyetuperfortbuk ty | Bctiver Street, ste 300 ec oe cone povtlana, ve tbh [Fig Raion ate tang 04-00 cage woes ‘Ta Date of allocation _02/ 19 / 06 b Maximum housing oredit doliar amount allowable Ab 8,186.00 2 Maximum appeabie ceditpercentalowablo ss ss ss ne ne LB 3.0 3a Maximum qed bo) ae 20,5609 Chock here [] i the elle basi used in the computation of Ee 3x was incoesed undor the high-oost aren provisions of section 42510). Ena the percentage by which the efybie ig pr or a a ‘Peroentage by tigi ‘3b. too % beais woe increased (see natvuctns) ss ss 2 4 Percentage ofthe aggregate basis hanced by tskexonpt bond, fi zefos,enler-o-) | | [a 35% __B_Date building placed in-sondea etary Cll = 6 Check the box that dasctipes.thecalloostion ore bulki-(theek aly onele ‘2 [] Newly constructed and federally subsidized . b 4 [i] See, 42(6} rehabilitation expenditures federally cei tbe alana ae eh eoreans i Dowty constructed and not federally subsidized © C] Existing bulising subsidized ¢ [)Seo, 42(e rehabilitation expenditures net federally subsidized [35 renuronens of senion (2 te itera evense Cae ed Pal have crane best ot my enlace and bet, he nemetanine cores oa coats on of Legal Affaire 2/19/08 ef ofc’ SGT ere biesse ye or ear Bre Part ll First-Yeer Certification—Completed by Building Owner for First Year of Credit Period Only a, Date building placed in service {TB Pigibie basis of balding eve netructons) [7b 82 Original qualified basie of the building et close of frst cred period. ww sy Hae b Are you treating this building as pert of # multiple building project for purposes of ‘section 42 (ose instructions? gre ie eaee eee ear re ectes ree die ait reece aval eps ‘90 If box, 6 or box Od is checked, do you elect to reduce site basis under séction 420H2NB)? | | E]Yes — EINe b Do you sect to reduce esl basis by cispropordenet ost of nontow-ncome unis (eeation 42(a31)? Yes E]Ne 10 Check the appropriate bax for exch election: ® Bist to begin orolit period the fist year eter the bulng i placed inservice (eostion 429111 ves Kno ' Boot not to treet large partnership as taxsayer (section 42Q)6)) « 3 Cyee © lect minimum set-aside requirement (seotion 42g) (seelnsttuctions) (-] 20-50] 40-80 4 Bect deoprent-skewed project (section 142(di6)8) (oe netuctons) >. Note:A separate Schedule A (Form 8608), Annual Statement, for each bulding For each of the 15-year compliance period. Ceution: Read the instructions under Signature (page 4) before signing this bark. Under penalties of perjury declare thatthe above baling continuse 19 Fequirernents of Intemal Revenve Cade section 42 end thatthe ques ‘yet. | have examined this form end ectechmments, and tothe best of my knowledge ‘Texpayer ontlcein mombor £2) 25-80 W.Y.C. enly) Bt8-40 ‘must be ettached to the corresponding Form 8509 ‘uely 29 part of e qualified low-icome housing project and meets the baci ofthe buling has [J] has not [] ohovoaned forthe tox nd bole, they are true, corect, and complete Seaare x Tiare leas pe pe ne For Paperwork Reduction Act Notice, see page 4 ‘aN, eSB Farm B68 po Saoad Low-income Housing od Allocation Certification son 8609 (Re dry 8 esate Fry (bo not le xaparasly- The bling ewmer ue atach Form BS, Ateteeet eal dar ae Form S66, 3nd Schedola A Form 0879 ts Fedara com tx rhum ewer Allocation of Credit Completed by Housing Credit Agency Only Cl litera Gesided tase C1 Amerded For 1. Bass tbelding (boetuee PO ba ee a8) 3 hore nd sacs of Peleg cel ngency 43501 Executive Center Dr. Virginia Housing Development Authority Chesapeake, VA 23321 G02 south Belvidere street Richmond, Va 23220-6504 (Na, segs and Ih of lng cheer sang oan 3 Enciye geanon ebe of ny Ehuschlend Gourtyerd Apartment, L. ?, 92882 3403 County street Yortenuuth, VA 23707 Bang nt Scstun robs BPG Tin: 5471680264 Vas32160 4s Datzofotocatn 12/23/93 . Naimern hausingece alt amounl allawabie vo [ef spon 2 aie pieces pps. =» eee : 2 B35 4 3a Maxime qualied basis : : . fe] 94576685 ohektate EC] ete gc taiued inte carataon in awa rexese ond Be — 7 zal ba ein ol zon 46,54), Enl tw paces ewes Benge esi was Ineroace (ene ineruotors), 7 oe elo Percentage ef the operate basis Hranced by tax-exempt bond, Ize, eu 9.) a : ‘ Date buteng placsoin sevice sees 3u2gsoy © Check hear thal decrbes the alocaton fr the bulk {check one ony}: Lt 2 ClNowty constructed ard federaty sbsizzad b Dl Newy constructed and at faery swbsitzed ¢ C Exisngbutiing 4.) Sec £25 reteminton mpendanesfeckatysuestized [). Se, 42 rhabliatin expenses not feerly ubaieed Ta praes ofp dea Dat re cst ae in Gels wih eminemenio of ecbon Cole tl Revene Code and Da |tawe carseat ee ‘enanjntniagsiry oneal Renters cme adam GRAHAM DR! A, ical ss NORTE TEE eller. Saure 9 averaed te tise ince 503 PERT Firci-voor Cerstication - Completed by Buiging Owner for First Year of Credit Period Ont Te deter cedin seve. 2BSES ob eipletanotmuten seenchiesomy — || 8°76, bbs 4 Orginal qualified bass of the balding at dese of fist yer of rep - $e ig b lenebeding patel amutepe bubdngprojec? se Ifber Bx ced Bd sched you et lore abe bi under econ EAE : Yee Ke Doyo eacterecice egies doprartnal costs of rembeweneare HS eRtOa AAS? = ve Ne 16 Check epg bot reach een: ‘2 Elect to begin credit period the fel year after the building Is placed in sarvice fet 42M ‘Yeo No 2 Ea nto teat ge prtertip 85 tapape ston 4205) Yes ¢ Eleciinran sane eutenet ein 42 ee inaters) 0) 20.60 Won. 258s ow 4 Fel deupontshone pet ferfon EI) ore estates) 1520 wate: A separate Seneduie A {Form 4408), Annual Sllement. for eath Duldng aust be elfeched Te Ine correeponding For 809 for each year of the 15-year compliance period afler 1987, (Ceuiion: Rend to insite ancer Signature (rage 9 betaresigrng dis pak ‘Onder pers ofp, dock fat 1} above iden canes gohan a qa fedlow coe Reningfromc eas the rquretents fll Fvenae Coe sucten [ha qld cfthetuiog has Cesc CD seseaedt tis tox yor: ed 3} lam an daring any re am fe pase lor es eis ‘acon Zo bs Tx Reto Act 5 xe pope, hve examaved so aetna, aoe esky toed ace, yee be, edt 2nd cogil iis it No, SoU Farm BOOS fer 199we i om Low-Income Housing Credit fia = Son Allocation Certification ime | biagimmyeotecremeees, | Sask EE] Atocation ot Creat—Complated by Housing Great Agony Only (Clit nies See EY cd Fo 1 fs ol any onl 80 bse ato 7 Eni ahaa. ‘Gin Paco Apartnons (Georgia Housing and Prece Raho {820 Seanton Road, eulng + {0 Execalve Park South NE, Sue 250 Brunswick, GA S165 ‘Aen, GA 90829 ane, ars ae ie ag oe Ooo 9 Base ac a a ‘Gyan Place Apertmeste, A Limited Parersip setzzee0s ‘00 Brookstone Coste Pasay Tag ear Te BHT ‘Cota, G8 31608 : axse-o0701 sw ARE. Ta Gate of atocaton ® 12/2878... w Wiodmum houdg erat dolar amount alowabie — [1B Saar 2. Masivom applicable eros porconage eliwable ss ew we = 7+ fz ‘a7 3a Maximo quali base. ‘a | a7 425 1b Check here > [] ithe eile bass used in he computtion line 2a was ineteesed under fe rghcod ana pone o scien 249610. Eee patenage wie Beebe Dis was increased fe tts). vee f jam % “4 Paroaniage ofthe aggregate tals rancid by t-atenip bend. tor, car -O.). 4 % {Date butding plcad h conc - Tae 18/84,” 6 Ghack the box rat deeerbos the afocation fo ha bing check one ori '@ [) Newt consused and feceraly ebsiszed. tb Nawly constructed and at fderatysubsidand 1 Exiting builing 1d 17 Sen 4aiy rehab expences egos wubeldzed 9) Sez, 46) retain ‘ol federal subidand ‘src per ay et at in congener stay ef snl ern Con nt al al tha lia yay. TERMI First-voor Certitcation—Compltod by Bung Owner for Fist Year of Great Paiod Only Ta Dao buldng pod w saree PIA THH(R,.. b Bigbabaciecoakana bosmencions) |S] aaT AOE ‘88 Orga qualled basis ofthe buldrg at clos of et year ef ret parod oe" (el ayeoa a he ling port of ate bung peje? ves No 8 1 box 6e or bx 68 checked, do you ect fo reduce ele bas under section 42Qy2M@)?. | | C] ves No. 's Ooyeu cect fo reduce ole by deproparonale cox ofnoniowinosme vets (seuon-ziyay? CJ vee C1Ne 10 hook tha appropriate box foreach eloston: “slot to begin crc period the fat yar aftr the buleng placa in carve ceeton 2m). vee Co 1 leet not to rest lags partarni sstaxpayer (ection 42005) - Ove € Bist rn sande eatenae bacon a) ox scien) E2080 |) odo’ seaneur.c om 4 Elect deepecskawerd pot (eeton 142(K) (ee Incr) Gisa0 [Note A separate Schadtule A (Form 8809, Arrual Staten, for each bung must be atachad f the coresponding Form 3608 fer each year of ho 35a’ eomphance period afar 1887 ‘Gaon: Fad th iene unier Signature pape @ Before wring Wis pa. Unda nao ot fins ac fa (he seve blag corte 10 CY 9 & at of aud owencoehossg px ard Net th reauteent fro! Pavone Coe sons th aid Oss fo bung nar» hank > cera fr tat yar and EY am ot iing sy alr ow pase ees 98 Ue Set 2 fhe Tax RG Ac of TE6 fr Bs rer. Nae ‘anined stand atacand ane bn omy nowegps ad el ey ee hu, coves nd co : eee istic eae A ea For Paperwork Retin Act Notice, ae instnztona. corel Few 8000 pnron 8609 "— Lowelncome Housing Credit 7 sing Cr 0 Ha Ss (rosa 009 Allocation Certification gare Tsey De not fle coparately. Te being owner ust attach Form 8506, — SS bee em 808 and Seine ore 0609 oh Federal some x en, Seca 36 + ‘Allocation of Credit-—Completed by Housing Credit Agenay Only ‘Ghock tt, [Addition to Qualfed Basis _L) Amended Form 1 fates efbkdoy Uo rties 8 ASE Rc Tat Ea os GO BROOKWOOD APARTMENTS Hworth Carolina Federal Tax Allocation Comittee BUILDING 1 390HENDERSON ROAD c/o Forth Carolina Housing Finance Agency ROXBORO,NC_2573- if 12.0. Box 28066, Releich, NC 27611-8065 Rao oe, wed Te Bg omer TGS ile Keon nse ae BRoOIWODD-RONDONO LOMTED PARTNESGE 5626000372 100 SILVER STREET aa PORTLAND, ME 04101- * ROR wip OSTA 780, 4 Date ofatlocaton alin fnnnmne b Maximum housing credit Goer amount alowabie + 2 Maximum appicable ctecit perceniage allowable... 3a Maximum qualiedbess se le eget Check here > Dif the efgibe besis used inthe computation of Ene 3a was increased under the high-tost area provisions of section ¢2{¢¥5)). Enter the percentage to which the efgib, Dosis was increased (eee imtructions). we ee et ee ee 4 Percentage of the oggregete basis financed by tai-exempt bonds: zero, ener -0-) So Date billig placed in-sewice—— 8 Gheckse box tt ds hatin for ting ack on a wt exceed a een Nov ered dete seg a ental oT a a eee oD sg kang Ter peat pon jacoeeeesisineaneee yaa rgenensol ibe 2 te moral Rem Coe tare spied setmetn bn Se on age 4 0) Sone habtaton sop arate thant be beat ty tnonooge te bole It Ia 0 eer First-Year Gertifcation~Completed by Bulding Oumar fr Fist Year of Creat Period Only ‘a. Date buldng paced in enice 1.1... b Eig bess of bulldog bee nations) [7B 2 Orginal qualifies basis of the buizng at cose of ist yer of cmt periods... LOM © Sot ing a art of» mpg pp fr ose of atone pecs tee ict settee ee eee ee Yes Do 2 box 6a or box 6i Is checked, do you elect to rece epble basis under section bo not fe separately Te bing ower must attach Ferm anon imate orm Boa Schwa Poem 8609) o Fs Fedral nse x totam. Sepocehis 36 ‘Alocatioi of Credit—Complcted by Housing Credit Agency Only Gecke_U) Aion Gaifed Bas mance Foe Saeco ng ck a7. Sabo on 3 a a aes og Seay 11,15 Templeton street Massachusetts Housing Finance Agency Dorchester, MA 02122 One Beacon Street Boston, MA_02108 Hae saa Tg eng EN 3 ere Sones nb TORRY ‘Rdlenp-Dorchester LP. 04-2443980 g/o Siiver Strest it Comp. glo gute eat, See Comp. Ting an om BT Portland, MA-02-8001) 2693328. 2 Date of atlocation > Maximambousing credit dollar amount alowrable Maximum appicobie credit percentage alowable. 2 Marimam quoted basis... Geet teseeeatsetiedeneeetse y Check here > C1 ifthe eligible basis used inthe computation of tine Sa was increased under the high-cost area provisions of section 42(05)C). Enter the percentage to which the eligible basis was increased (see instuctions). ow ee eee pens ercertage of the aggregate besis financed by taxesempt bonds. fi zero, enter. Date building placed in servce . 2 2... Sortie Chock the box that describes the alocation forte bulding (chéck one ont ofhs 4 5 === Sec. 42} sobabitaton expendtures Iedstalysutsdied ~e}-Sec- 42} ehabilhation exenditres [Dir sontes of pu. | dace Dt he cate aces cope wa be equa secon «Tf We Hira Reverue Code od tt hve eared Part eis orn to oie tof my Roos arb Hoa compat "stron eres a yee . p-hasidis Be Wallac. First-Year Certification Completed by Building Owmer for First Year of Crecit Period ‘Ta Date building placed in service ® (2.1. L1QQ. » kigible basis of building bas insiuctions) [7B] OTS, aS ‘82 Original qualified basis of the buliging at close of fist year of credited... . . , [Bal hols, Ga b Are you treating this bulging es.part of a multiple building project for purposes’of seétioni 2 (see nstRcOMsy? ee ee ee ee ee ee es Nes DENY 8a if box 6a oF box 64 is checked, do you elect to reduce eligible basis under section 42my2v@)7.... Ol Yes CIN 6 Doyou eect to reduce ebgibe basis by csproporioste costs of rontow-ncome units econ ian? GI Yes ° CINe 10 Chock the approptiate box for each election: Elect to begin credit period the fst year after the building is placed in service (section 424K) -. . Yes CIN, Sect not to teat large partnership as txpeyer Gecton 2H se ws Yes Elect minimum setasite requremant (secon 420) eee instructions) (12060 ~‘fef-xo-6o". B-2500 gur.c. itp Sect deop-rentskewed project ection MOKNAVBY (sce insvuctions) ss 115-40 Note: A separate Schodule A (Form 8609), Annual Statement, foreach building must be attached tothe corrésponding Forts 6609 Reeeach year ofthe 18-year compliance period. ‘Gaiaion: Rood the istuctons under Slgnatire page 4 belore signing dis part : ‘Under pnaties of pey. | declare hat the above bung canines to qiblly 2a pat of 2 qualfled tw income hang project ar most requirements of atl Revenue Code sect 42 and hat he qaed basis ofthe bing has » C] has not » BZ cecreasd for ths ik year have ts form ae attachments, anc the bes of my knowledge ns bebe, hey arene, coe ant compet. lane For Paperwork Reduction Act Notice, £00 page 4 cau Ne emu Form 8809 ev 1-200ton 8609 Low-Income Housing Credit “ eel Allocation Certification eeercureo oe > bo not me saparaay. Te bing owner must each Fn so ‘ean parece Ft Bb, and Seno Fat 609 fo edad one ae Scorn 36 ‘Allocation of Creeit—Completed by Housing Credit Ageney Only Geact_D hain Games se Dae Pom srs ol witng (fo ce. 0 Boxee etd 0 Wane wd oie cig aT SN {0 Ficherman Dave ‘Community Development Administration « Bdgewator, MD 21040 100 Community lace ; Srownsvile, MO 21032.2028, a a aT ti oe oN ee DE ation SaaS EdgewoodsLakeview Limited Partnership 52.8002003, cle Eigewood-Lakeview, LLC, 33 Sver St, Sue 38 | ESdngatcaba soe BR Porting, ME 08401 supco-tz008 Maximum housing rect der amourt alowasle . [18 aes 2 Maximum applable cred porcereage alowoble ke ee eS LB 351% Ba Marknum quilled DOS oe ee ee De Site 408 b Check here » C1 ithe eligible bests used in thie computation of line 32 was increased under ‘te high-cost orea provisions of section <2eS\Q) Enter he percentage to which the eigte basis Was incroasod (SCO NSLUCHON)s 6 es ee ee ee ee ew LB — 3erceniage ofthe aggregate basis hanced by taxcetempt bends. zero-entt -O-) 4 75% — ‘5. Date building placed in servic wine eee ee «chm oa over nin Urano os eae 7 const nd eddy suscad bE] Newly eonsmicing and nt cry subcitend_o Eig buen 3. Ses th retitaten txpndhres ea end SET See a ae Ext ng Co, i have ead Pat elo Sanne boo ea bee Fist-Vear Certification—Completed by Bulding Owe for Fist Year of Crect P 7a Data bling pacad in sanica PILL LR b Eig bass ofbating Ganhsvociond) | ETAC E ‘Ba Origiral qualified besis of the buiding.at close of first year of credit prod... .. , . Leal fae 4. 'b Are you treating this bul 8S part of 8 multiple building project for purposes of section 42 (see Radesame, eh eee ni iatietaie saiiibacererttets EL he elie ‘Sa ff box 6a oF box 6d is checked, do you elect to reduce eligible basis under section 420(28)7, . . Yes ONo ' Doyaulet to reduce ea bast dpropationals costs ofron-puncome us seston AGI? El Yes EI 40 Chuck tie appropiate ba foreach etn: a let to bagi re perd heat yea fer the bldg is placed in sonice (scien H2m) . . Yes OONo b Elect not teat ings perterstip ob wepayer ecbon 4208) ene es eg 2 Yee € let mininum so-so requremene aeton 4(G) se nsactond) E1'26-86 ° “Pl db.éo ” * CF aeeo WL. oi d_ Elect deep-rent-skewed prc {section 142{¢){4)(8) (see instructions)... 1115-40 Note A separe Schedule & (Fm €699, Annet Sateen. fr each bing rust be atacted to th caneponcing Form 6509 far eth yor of the 15yercompranceparba Caution: Read the instructions under Signature (3290 4) before sloning this par. Under perties of peru, ect that the above buleing cones to qualy 252 par of «quate oweinome housing poect and meets the oqurenents of rtrna Revenue Cove secton 42 and that Ue gia bass ofthe butdeg tes » Cl has nat » PR docteoced fortis te year, J have examined tis form an etscherts, and to the bel of my knowedga and ball, they rea, caret, and orp. 207-Fo 1460 331 Joa Tie eave ge cpr For Paperwork Reduction Act Note, se page 4. ee san Fem 8809 fe. 2070: 8609 | Low-Income Housing Credit Allocation. can and Certification ows to. esn8s ‘Aloeation of Cea hosktt “[) Aacon Yo Quatted Basis] Amended For 1K dase tbe vs P.O be) G35 Batu 3 ape gaa oss ipng oe op ey : oth Carina ler! fax Reform Mocation Comma 100 Boyt Court «| Gio Meethcartns Hasina Fence Agency cocky Mount HC 27803, 3508 Bush Srect Perleerenirietee Raleigh wo 27a08-708, ‘© Wate, adtes, and Tol bag aver vg woTER ‘ EpayerWerieton sabe 6 Stay Rocky Rolling Limited Parinersbip 58-6000572 124 letcher St, Suite 1 © Bang weranion rarer BNW Kennebunk ME 04043 io-0548501 mn 2o2oeso6s ‘42 Date of allocation > lar amourt allowable | 1B] 10,515, bb Maximum housing oredit de 2. Maximum applicable crest percentage allowable . Seni area a 382% 3a Maximum quatied basis... eae ifthe sige bans used in the comeuaton cf ine ba was increased, check the appcable box land onter tre porcontage to which Up bible basis was ineeased (see instructions). . TB Buleing locate inthe Gu Opporunly (20) Zane, Fa GO Zane, o¢ Wima GO Zone {Bl Section 421446) high cost stea provisions “4 Percentage ofthe eggrogats bese financed by tax-exempt bonds. (zero, eter -0-) 5 Date bulking placed inservice ww Check the boxes that cescrse the action forthe bung [check those that apo): 1 Cl Newy constructed and federal sutsctzod b C} Nonty constucted and not federaly subsidized © L] exiting bung 4: Seo, 4o(6renabltaton expences federally subsiized oL} Sec. 42(e)rebabitaton expenctures not federal subsided $C Not fedoray subicand by reason of 40-0 rule urder se. 42N2YE) gL) Absa eubte tonongof et aid unde fe. 42615) Signature of Authorized Housing Credit Agency Official Completed by Housing Credit Agency Only Uialer patatce 6 pany, | declare ta he spcaion ede bh complance wi te requvaments of eecion 4 ofthe anal Revenue Code, faa ft | have examined ts form and to the bos. cf my lnovledgo and bel, the inormaton fue, coc, and complete, i 7 Eigible basis of bulding foe inevuctons) we 8a Original qualfed basis of the bulking at close of frst year of cect period ss. 'b Are you treating this bulding as part ofa muitible bulding project for purposes of section 42 (see Instructions)? ‘98 If box 6a oF box 6a is ch D ves b For market-rate units above the average quay standarésoflorlnecme uit in te bung, do you eect to raaoe elgitle bass by cepropotionts costs of nonfow income uns undsr sexton 23). — Yes 40. Check the' appropriate bax for each election: Caution: Once madi, the fofowing elections are revocable ‘a Elect to bain erect poriod the fret year after the bulding is placed in sénice section 20h) & —C] Yes BB No bb Eect notio treat large partarship as taxpayer fexction 4295)... >» Dyes Elect minimum setsaside requirement (ection 42) (see Insiructions)C) 20-69" BH 40-80] 25-40 0WV.C. ong Elect deap rent skewed projact ection 142(cN)) (see instructions) : O60 Tae peraties of peur, 'decle tht tre shove buling conthues io culy es a part of e quatied low-income housing pojct and meets te Weeatesn of isbmal Revenue Gods seoton 42. have sxansnod tis orm snd atiaaimets, and io thebestof my iowesgs sn Dat, thy Seppe ad 7 ee , oI » Be cPGI506 ea BD po an Gb Drie), te Bites Bisel uite eae dolce or ene ene Se eatom 8609 Low-Income Housing Credit Allocation Certification De este aaparetaly, The eulaing owner runt atach Form 8632, ‘acer cate, Sb: as Senecu A Form 588) 0 Federal neorne tx Fu Seine to, 98 FEEE] Alocation of Greatt—Completed by Housing Crect Agency Only (Ci neaiton to Gcattieg Bass _C] Amended For FT Raeres of bucing to ner ute RO, Dontsee netuctons) [Bara and saavees ot housing rt opener | Ohio Housing Finance Agency 5149-5364 Crest Hill Drive 77 South High Street, 26th Floor Cincinnati, Ohio 45246 | Columbus, Ohio 43266-0101 Tame ad aoaress oF Budsirg owner ecavingsiseaon TB Encloereriviaton naribe ot a988c7 Crescent Village Townhomes Ltd. Part. 31-6402067 1055 st. Paul Place E Baiding connteann nano GN Cineinnaté, Ohio 45202 O#-91-10165 Ja Date of allocation » 12/30/91... b Maximum nousing credit dollar amount allowable [ab 2 Maximum applicable credit percentage allowable. ‘ : port Ba [5 011,335.05 3a Maximum qualified basis 7 : eet Check here ® CI if the eigible basis used in the computation of fine 3a was increased under \ b. 4 the high-cost area provisions of sectlon 42{¢KEN) Enter the percentage by which the efgible basis was increased (se instructions) arene 4 Porventage of the aggregate basis franced by tax-exempt bonds. (I zero, enter -0-) 5 Date building placed in service 7 i sae iba ioae Check the box that describes the allocation for the building (check one onl: Nou constscted and fedraly cubstdzed b 38 Newly constructed and not federly subsidized _o C] Exiting Duos 2 Fy Ne sey cheba expendtresfederaly qubsiczed_¢() Sec. $() rehabilitation expences not federaly substtzedt Freer a acne ate docsin ade conolance wi fi oqoret of cn +2 fw aa Rrus Cate det hare wea ee ei tty rawdge ar Sal te rarraton s oBrec. and OMEN Bana Me. ‘Signature of suvorced oi [EEE | First-Year Cortication—Compieted by Building Owner for First Year of Credlt Periog ‘Only 1 $475,752.07, $473, 7152.17 11 93 : once p ASBRESRBEE. 2021994 eo sais Ja Date building placed n service ».05/, £77 83.... by Eligible basis of builing (see instructions) ‘2a Original qualified basis of the building at cloge of frst year of credit period . : [$473,752.17 'b [Is the buikding part of a multiple building project? See eaeeeee Ll. ives = ONo eae ener ean eds checked, do you elect to reduce efghe besis under section a2qyayey?. CI Yes Eine 'b Do you elect to reduce eligible basis by disproportionate costs cf non-low-income units {section 42(q);3)? Ch Yes = CNo 40 Check the appropriate box for each election: ‘9 Elect to bagin creeit period the first year after the building is placed in service (section aay). Yes GE No b Elect not to treat large partnership as taxpayer (section 42(8)) Pee tea teeter . . Oes © Elect minimum set-aside requirement (section 42(¢) (see instructions) C] 20-50 D460 0 28-60 Elect deep-rant-sksned project (section 142(¢)4XB)} (see instructions)... + ees C1840 Note separate Schedule A (Form 8800), Annual Statement, or each buiting must be attached faite corespending Form 8609 for aach year of the 15-year compliance period after 1987. 4 ‘Caution: Read the instructions under Signature (page 4) before signing this part nde pats of pry, | acare that (1 the above bulng continue Yo cualy axa par of & quali lowincome hewn Proleetan Newe the caguraments of intemal Revenue Code section 42; (2) the qualified basis of the oulcing has P Cl nas not » Ol decrnesed tor this tax us and)! mt cing any rt for ha passe tas rules under secton 892 ofthe Tex Reform Act of 1588 fer Eropary have roared ths form and atacrenant, ato the best of my knowadge and bel, they ae tue, correct, end completa, 7 LMG. 28888 , Alealol pence PLP 7._Men foams ML i ie wee, at no 628810 Tom BOOB fev. 341 For Paperwork Reduction Act Notice, see instructions.mn 8609 | Low-Income Housing Credit us, isan Gh te 85 Allocation Certification Desa De net fle separate, Bling owner, atach ths frm, For — Ingeinal Raver 8586, and Schedule A (Form 8609) to your income tax return. Seauence No. 36, Cees 2208 [EER] Alocation of Creait—To Be Completes by Housing Crest Agency AMES, C1 amencea Form 1 hae a ong GOTH ae OB Nae 1 rao ag eres ae) 1543-57 Whispering Willow Lana Ohio Housing Finance Agency columbus 043228 ' 77 South igh Strest Columous H45266-0019 ee 15 ERB Berean rambo se Wilow Bond Towahomos Lid, Part. 31-840204 4111 Alarman Drive Suit 400 [ERs Seiten mee Alpharetta, GA 20202 | PVR VEEY a Date of allocation » 2/.20./81...... _B Maximum housing credit collar amount allowabe ie ai sa 2 Maximum appieasie credit percentage allowable 21 as 3a. Maximum qualified basis 3a | anon 78 > Check nara» [ithe abe basis used inthe computation oftine 32 was increased under tne 7/7 high cost area provisions of section 42(2XSXC), Enter the percentage by wien the sige bass was 7/7 4 creased (se instructions) Pl % 4 Percentage of the agaregate bale tinanced by tacexempt bonds . 5 _ Date bulling placed in service LP aso ten | Y Sram garalbes of penuny | eaclre tat ine alcaton Face s/s copolance wa he reeuveriets of ection 4 of te Interna Revive Cae a6 ta Tae exam OSH SAA End ine Sst my inowacge ara biel" me nformaton ste, cores, and comp ee Mts nar V. vena ),Decomoe 3.1992 Shoo of sates can Woes a 3 tee Fisk Vast Cettification-—To Be Completed by Sullding Owner for Fist Year of Cred Perea Om Ta. Date buiding placed in sevice 08.01.92... b Elbe basis of bulding (See instructions), [1b | 479,720.76 i 0% 2a Original qualified basis of the building at close of first year of crecit periad 2a 1 479,720.76 b Is the building part of a multiple building project? ves Ono 3 Check the box that describes the allocation forthe building (chack one ont}: 2 Newiy constructed and federally subsidized > ZiNewly constructed ang nat federally subsiolzed¢ [Existing building 4 Ll See, 42(e) rehabilitation expenditures federally supsicized « Ci Sec. 42(#) réhebiltation expenditures not fecerely subsicized ‘4a {f box 3a oF box 3d is checked, do you elect to reduce eligible basis under section 42(0(2)(8)? yes Ge 1b Do you alect to reduce eligible basis by disproportionate costs of non-iow income unis (secrin 42(0)(3)?. (2 Yes C2 No 5 Check the appropriate box for each election: Elect to begin crecit period the first year after the building is placed In service (section 42 (FX(1)) Ces fine Elect not to treat large partnership as taxpayer (section 42(X5)) : es Elect minimum set-aside requirement (section 42(q)) (see instructions) (12050 © 40-60 Ci 25-60(N¥.C. only) Elect deep cent skewed project (section 142(d)(4XB)) (see instructions) Gi is40 Note: A separate Schedule A (Form 8609), Annual Statement, must be attached to Farm 8603 for each year of the 15:year compliance period after 1987, Cautlon: Zead the instructions under “Signature” (age 4) before signing this aart LUncer penatias of peqry, 1 declare that: (2) the above bulking continues to auaity as a cart ef a qusifies tow-nenime mousing eect and meets the renactments of inereal Revenue Code Fecton #2(g) (2) the cused basis ofthe busing nas ® nas nat» RE cecceasoa ‘or ths ex year ane (2) |'3m not claiming any fle for the oassive lass cules unaar seevon tis form and ascompanyng schecuies, ang tothe best of my krowledge and belie, ts true, corec. ang comoete a ee i ii i se an pian oe ser 2 ofthe Tax Reform Act of 1986 for ems groper. | nave exainao For Paperwork Reduction Act Notice, see Instructions. cat Ne. 83982U Fem B609 ev 23)rm 8609 Low-Income Housing Credit an, sesame (Rey March 199%) Allocation Certification peer apace of he Tae > Do not fle separataly. Bulldlng owner, attach this form, Form sacroer Imarral Revove Sern 8586, and Schedule A’(Form 8603) to your Income tax return. Stevens No, 36 Allocation of Credit—To Be Completed by Housing Credit Agency Guatiry'B, C] Amended Form C] Ties Wag 0 we PO ae We Bee a ra 498.508 Postwoods Drive (bio Housing Finance Agency TT South High Streot jaynoldsburg CH4S068 Fee Columbus OH 43266-0319 ‘Tas ia acre ot bang or Teg won BERT een nao oy Post Woods Townhomas Lid. Part 31-8402047 1055 St. Paul [alg ences ramr RN Cincinnati OH 45202 ‘OH-91- 10895 la Date of allocation » ..12/30 81... & Maximum housing credit deliar amount allowable: [ap [30,566.80 _— 2 Maximum applicable credit percentage allowable 2 as % 3a Maximum qualified basis oe ey i 3a | 359,552.96 b Check here ® Cl if the aigble basis used in the computation of line 3a was increased under the high cost area provisions af section 42(¢)5XC). Enter the percentage by which the elgble basis was increased (see instructions) : : 1% 4 Percentage of the aggregate basis financed by tax-exempt bonds Hees - A Le. 5._ Date building placec-in service "10/61 J’ User parties of cenry, | Gel tat te alocton aes comolnnce wih the requrrrs o rcton 42 of tw itera Revenue Cade, and hat | ave earned Prato om snd ine Sesto my arowendge ae bl, he maton sue, cores dome [RMD Firs-Vear Certiication—To 6s Completed by Bulking Owner tor First Year of Credit Parad Only 1a Date bulcrg placed in cervice »...10./01,/.92., b Eligible bass of bldg (200 intrusions). 18 [361,585.50 2a Original qualified basis ofthe bung at close of fst year of credit period 2x [361,565.50 7 Is the bulding part of a mutiple Building preci? ws DLL OT tyes Cine 3° Check the Box that deseribes tne alcaton fr the buldng (check one on 2 C1 Newly constructed and federally subsidized b [E] Newly constructed and not federally subsidized ¢ [] Existing building @ (2 Sec, 42(¢) rehabilitation expenditures federally subsidized a () Sec. 42{e) réhabilitation expenditures not federally subsidized 4a If box 3a or box 3d is checked, do you elect to reduce eligible basis under section 42()(2XB)? . . .O ves No 3 Do you elect to reduce eligible basis by depepodionate costs of ronow-ncome uns (ection 42(aN3))? CE] Yes CMe 5. Cheek the approprite box fr each election Elect to begin credit period the first year after the building is placed in service (section 42 (f)(1)) . -B ves ONo Bac not to boat age partneranp as taxpayer ection 2D) sss vss es Odes Elect minimum set-aside requirement (section 42(g) (see instructions) (220-50 © ‘Gi 40-60 1 25-60 (N.C. only) Elect deep rent skewed project (section 142(d\(4XB)) (see instructions)... .. 2. . . . Cl 1540 Note: A separate Schedule A (Form 8609), Annual Statement, must be attached to Form 8609 for each year of the 15-year compliance period atter 1987. Caution: Read the instructions under “Signature” (page 4) before signing this part. Under peraties of penury, | doctare tat: (1) the above bulding contiwes to quality as a part of a quaiie lowincome housing project and meets tre requirements of internal Revenue Code section 42(a); (2) the qualified basis of the building has » Chas not > [2 decreased for this tat year; and (3) | am nat claiming ary rele fom the pasive iss rules under section 602 ofthe Tax Reform Act of 1986 fortis propery. | have exained this form and accompanying senecule, and to the best of my knowledge and tel, tis tue, caeact, and complete 2 lw de. te 31=1340853 » 3l22lOle Done : payer identification. ‘Cate pone Wi\Ce. 1 Mantanus hue (pease pe opr For Paparwork Reduction Act Notlee, se Instructions. cat No. 639810 Form 8609 «eva Low-Income Housing Credit eeu? | Allocation Certification Rav. January 1995) | Davecneoetmenr | Do not fie separataly. The building owner must attach Form 8686. Fearne ‘near Revere Seren i Form $609, and Scheduin A (Form 8603} to its Faders! income tax return. | Sequence No. 36, Port! Allocation of Gredit — Completed by Housing Credit Agency Only (Cl Aadion te Guaified Bess L] Amended Form | ousne tescnnn Tate af acs enor FPO Ra a eS nng TTT (Bite peat weece Drive Sis teasing Pinan nserey peyrcldsturg, oF 068 Foch nigh Soret Fh os Hoon Zetisy 65266-0519 Sean nasa a TH ong owe ne SN 5 tenn ner oT Pere Vooceewahoned II tint vad Partaershla : 1055 st. Paul Place. S16seeOn7 Siesta aw 182-o000 a corer —_ ono tote Te pate of allocation _12/ 30 / 91 _b Maximum housing credit dollar amount allowable [re [za ors oe 2 Maximum applicable credit percent allowable woe iH eee . ses Se raes aot sesdes Coulee eer eee » [Ba 355,635.00 tb Check here]. if the eligible basis used in the computation of line 9a was increased uncer aac renege doa provisions of aeton AZid/SHC). Emer the percentage by which the elible [04 bass was increased (ee instwucters) Bee aaa ae : 4 Percentage of the aggregate basis financed by tax-exempt bonds: eee 4 S Date pulling placedin sevice oe ee ee LR CMLL & Check the box that describes the allocation for the building (check only one): aD] Newly constricted and federally subsidized b {J Newly conswucted and not tederaly subsidized « C]Edstng bulging 4] See. 420 ehabileavon expenditures federaly subsidized « {']Sec. 42(e rehabtion expenctures not federally subsilze¢ SESS FEST oe GaGve ao alocton as carla wh wegen a ggaten #2 athe mel Revere Gee an aT eines FS ame 77 Lie ot mchatand oti Tame Giese Woe or 0 bre Part First-Year Certification — Completed by Building Owner for First Year of Credit Period Only Fa Dans boliding placed In service 09 | 22 [93 b Sigible basis of ullcing (see inetuetions) | 7b |_3. : ea eneee aris tne buldngat cose offisteredt potod ss + + LB cor os b is the builcing part of a multiple building project? «=. se vv ‘, Bives LINe 20. If box Sa or box 6dis checked, do you elect to reduce aligitle basis under section 42((2K)? (ves No #, be vou elec to reduce efgible basis by dsproporionate coet of nondow-sncame writs [section 42iai3i1?C ves CJNe 10 Check the appropriate box for each election: O eeae scan credit peed the fat year aftr the bulding is placed in sence (section 421011). ves C]Ne tect noe te vest large partnership as taxpayer (section 4206). . - - - aoe ss « Elves 2 eck minimum setaside requirement (section 42(q)) [see insbuctions) ((] 2060 EB 40-80 [25-60 (N.C. ont G Beet deoprentskewed project (section 142(a)4)(8) (see insructions). «5 + + + + CIT6HO ‘eparate Sehedule A (Form 8603), Annual Statement, or each building must be attached to the corresponding Form 8508 *h of the 15-year complisnee period after 1987. Caution: Read the instructions under Signature (page 4) before signing this part. idee senate ef perry | dacar that (1) the sbove bling cortinaee te ually a= pat ofa quid owincoms pausing pretes ar mst# naar pena of par | Qavenan Goan socion 42; 2) the quid bacle of he bulsing hae] ascot] deren foros on the raiment of tag cael rm the paolo aos ude section 502, of Se Tax Reform Act of 1368 0) His propery. | have aoe eae ganing ahedulos, and tothe beat of ray anewieage anc bla. ce tus, correct and comets _. 22d 31-1340652 Tanoaver devtlionton number Phihig Le Mandan. For Paperwork Reduction Act Notice, see instructions. Ear He. 65900 Form 8609 maerom 8609 Low-Income Housing Credit Come Wo 15450588 (Saar 1550) Allocation Certification srseeste pace eta > Do not fle separately. The building owner must attach Form 8596, ‘xtachment Piers ewe tenes Form 8609, ane Sehedula 8 [Form 2605) to tts Federal income tax return. Secueres No. 96 EEEERI Allocation of Credit—Completed by Housing Credit Agency Only (Ci Reaition te Guailies Secie CJ Amended Form Hie TTT Kentucky Housing Corporation 114 Eagle Creek Dr. 1231 Louisville Road Erlanger, KY 45018, Frankfort. KY 40601 oe ees 5 ates E00 Eagle Ridge Townhomes, LTD. 61-0864674 1055 St. Paul Place E Building identification number (BIN) Cincinnati, OH 45202 KY-91-00504. Ya Date of allocation > ..12/ 31/91. 'b Maximum housing credit dollar amount allowable. [ie [7383 2 Maximum appiicable credit percentage allowable. . . st Pee aa 2, $27. a Maximum qualified basis 2 6 we ee 3a 1.320 b Check here ® (1 if the eligible basis used in the computation of line 3a was increased under tr eat e je ices o sacie’ cima ome apace oy ae a be basis was increased (see instructions), . Se ee 3b Fer aaet 4 Percéntage of the aggregate basis financed by tax-exempt bonds. (if zaro, enter -O-). 4 r, % tates ee ott ax QZ: oo Check the box thet describes the allocation forthe Builing (check ane oniyt ‘a C1 Newly constructed and federally subsidized | byEX Newly conctucted and not federaly subsicized —e L] Existing bung 4G Sea. 2c) rnebilttion excendtures feceraly subsiizad_e(L] Sec. 42) rehabiltation exoenditues not feceraty subsidized ‘oer saaves 3 peony |aecare mat ne aocaton rade sincalance win fe equreent of econ 42 oft neal Revarue Code, ad atl ave eared SOMTSTR in dts beat of my Snowing ares. he rcaszan a Bue corer are carte. EQUI First-Year Certitication—Completed by Building Owner for First Year of Credit Period Only Ja Date building placed in service L0./27..84..... b Eigiole basis of building (see instructions) ZB. 136,206.73 83 Original qualified basis of the building at close of frst year of credit perod . . . . , . . [85126,206-73 bb Is the building part of a muttiple building project? . ee ee ee ee Bes Ono a If box 6a or box 6d is checked, do you elect to reduce efgibie basis under section azqaney?. . . Lives C1No > Doyou elect o rece eigbie bass by dspreporionts costs of ron-owincare unts ection 2qay? C] ves Co 40 Check the approprate box for each election: Sct to begin credt period the fst year after the bulding s placed in sence (section 42qniy) . CL Yes EDN B Elect not to wea large partnership as taxpayer (secon S208) 2 se ee we Cl Yes ¢ Elect minimum set-aside requirement (section 42(g)) (see instructions) [J 20-50 ©) 40-60 25-60 (N.¥.C. only) @ Elect deeprertskewed project (section T42{sHsya) ee instructions)... ss + + + Ol 1840 Note: A separate Schedule A (Farm 8609), Annual Statement, for each building must be attached to the comesponding Form 8609 for each year of the 1S-year compliance period after 1987. ‘Caution: Mead tha insinictions under Signature (page 4) before signing this part Under penaties of peru, | declare tat (1) the above buiding continues to qualty as a part of a quailed low-income housing project and meets the requirements of intemal Reverive Code section 42: (2) the qualified basis of the building has » C1 has not ® [i] decreased for ths tax year, and (am net claiming any relat from the passive iss rules under section $02 of the Tax Altorm Act of 1986 for this property | have ‘examined thie form and attachments, and to the best ef my inawiadge and belle, they ara true, correct, and complete, aloe For Paperwork Reduction Act Notice, see Instructions. (ct. Mo, 62951 Fern 8609 Pav. 15rom 8609 Low-Income Housing Creuit (6 Ne, 1545-0988 (Gor. Mah 1901) Allocation Certification iacintanad Snare el pa Ty > Do not fie separately. Bullding owner, attach this form, Form ‘chow lw arene eee’ 506, and Schedule A (Form 8603) to your Income ta return. Scene. 36 Allocation of Gredit—To Be Completed by Housing Creait agency Basta tag Form CD hase 6 bang in Fa wa FOB Hae ae ares ot hoaing eect ag KENTUCKY HOUSING CORPORATION 201 & 203 MEADOW TRAIL DRIVE {231 LOUzsVELLE ROAD LAND HEIGHTS, KENTUCKY FRANKFORT, KENTUCKY 40602 WS ats a ang oon en Se TER GET BO wT MEADOW VIEW APARTIENTS 2.P. e1-0864674 3088 81. PAUL PLACE T Big entfeston ATT CINCINNATZ, OH 45202 RY=92-04701 Ta Date of elocation » gg./aq/-ep~ _» Maxmum housing credt dolar amount alowable . . L381 62 9a 2 Maximum apolicable credit percentage allowable . a se 2] "pee % 3a Maximum qualified basis , ig Check nere » (1 ifthe eligible basis used in the computation of fine 3a was increased under the high cost area provisions of section 42(4)(5)(C). Enter tne percentage by which the eligible basis was increased (see instructions)... rin % 4 Percentage of the aggregate basis financed by tax-exempt bonds oe eee 5_ Date pulding placed in sence ‘i >’ ‘oy os/_2 User orate of ery acre tate atoaaon aoe sm camolance wih the recreate of recton A ofthe teal Revenue Code, ané at ne aries Pan's farm 2 eine bast a ry need and See, the mfemution's iu, caret ave compete >. ) OWI... .MEEIER..... » ate tnaee sic ‘ane ise pao srr Fiat-Year Certfication—To Be Completed by Bulding Owner for Fst Yaar of Credit Period Only 12. Date bulleing slaced in service »..03../05/,22, b Gigile vais of bulding (ee insructons), [35] 605,855 2a Original qualified bass of the building at cise of ist year of credit period. aL 883,855 is the buléing part ofa multptebulling prec? sss eS : ives Cine 3 Check the box that describes the allocation for the building (check one onty): 1 Newly constructed and federally subsidized [E] Newly constructed and not federally subsidized ¢ () Existing buiicing Gl Sec, 42(¢) rehabilitation expenditures federally subsidized e (J Sec. 42(e) rehabilitation expenditures not federally subsidized If box 3a or box 3¢ is checked, do you elect to reduce eligible basis under section 42(/X2X8)? . He Ol yYes OINo Do you elect to reduce eligible basis by disproportionate costs of non-low-income units (section 42(g13))? CO ves TINo 5 Check the appropriate bor for each election: 1 Elect to begin credit period the first year ater the busing is placed inservice (section 42(N() . . . Ci Yes No b Elect not to treat large partnership as taxpayer (section 42()(5)). aoe . Eee ae © ect minimum set-aice requirement (secton 42(g) (see structions) £12060” ‘M4060 TI 25-60 y.c. onlp 4 Elect doep ren skewed project (section 142(eV@NS) (see instructions) ss... BO Note: A separate Schedule A (Form 8609), Annual Statement, must be attached to Form 8603 for each year of the 15-year compliance period after 1987. Caution: Read the instructions under “Signature’ (eage 4) before signing this part ‘Under penalties of perury,| declare tht: (1) the above buliing continues to qualify 85 part of a qualified low-income housing project and meets the requirements of internal Revenue Code section 424g): (2) the qualitied basis of the building has » Cl has not » (i decreased for ths tax year; ag (2) | am not etsiming any rll trom the passive los rules under section 502 ofthe Tax Reform Act of 1986 for this propery. have examinee as eZ We _nnng GhetRLOTA cn p HAL. OL foe V one BRUM. 7 Months For Paperwork Reduction Act Notles, see instructions. cat ne, 39800 Form 8609 (rev 391)TAB OFRIENDSHIP VILLA GE Entrance ___]FRIENDSHIP VILLAGE Entrance RoadFRIENDSHIP VILLAGE “Parking Lot PlaygroundFRIENDSHIP VILLAGE _ Typical Rear Parking LotFRIENDSHIP VILLAGEFRIENDSHIP VILLAGE fence ‘Typical KitchenFRIENDSHIP VILLAGE ~_ Half BathFRIENDSHIP VILLAGE ep Community RoomLaundry RoomTABQ (Documentation of Rental Assistance)10/86/2005 1:48 «7574258026 COMMUNITY HOUS'G PTR PAGE 02 1o/es/zews 16:16 — BoazresTAa cee. eee 62/17 “Asachment 12 ee 05~16-05P03:53 Revo U.S, Department of Housing and Urban Development Office of Housing Project-based Section 8 HOUSING ASSISTANCE PAYMENTS: BASIC RENEWAL CONTRACT PREPARATION OF CONTRACT Reference numbers in this form refer to notes at the end of the contract text, ‘These encinotes are instructions for preparation of the Basic Renewal Contract. ‘The instructions are not part of the Renewal ContractLoraerzaes ela 7574255876 COMANITY HOUS'G PTR 18/83/2005 16:16 — 8a42709709 are TABLE OF SECTIONS 1 CONTRACT INFORMATION PROJECT TYPE OF RENEWAL 2 TERM OF RENEWAL CONTRACT 3 DEFINITIONS. 4 RENEWAL CONTRACT a Parties b Statutory authority ¢ Expiring Contract d Purpose of Renewal Contract @ Contract units 5 EXPIRING CONTRAGT — PROVISIONS RENEWED 6 CONTRACT RENT a Initial contract rents b Contract rent adjustments (1) OGAF or Budget-Based Rent Adjustments {2) Comparability adjustments (a) Applicability tN BD OMe Hanaane Pe ON Ss Be (b) Fifth year adjustment (comparability adjuetment at oxpiration of each 8.year period, if applicable) ee YARONOOOOSS - Bio Renawal Contract — 4 REV 2.22.01 PAGE a3 PAGE 03/17iures/zees at:a6 7574255826 COMMUNITY HOUS'G PTR Pace 84 Leroay2005 16:25 ge47709783 ore Pee 84/17 Attachment 11 (c) Mid-term adjustment (alecretionary comparability adjustment within 5-year term) (d) Adjusting contract rent 8 (3) Procedure for rent adjustments during renewal term 8 (4) No other adjustments 9 7 OWNER WARRANTIES 9 8 OWNER TERMINATION NOTICE 9 9 HUD REQUIREMENTS 9 40 STATUTORY CHANGES DURING TERM 10 11 PHA DEFAULT 10 12 EXCLUSION OF THIRD-PARTY RIGHTS 410 43 WRITTEN NOTICES " SIGNATURES 12 "VASSMO0005E - Basic Renewal Contact REV 222-01Lorae/ zoos 81:46 7574255826 COMMUNITY HOUS'G PTR PAGE @5 ro/ag/2e98 16:26 — @eazTESTER ore Pace 08/17 U.S, Department of Housing and Urban Development Office of Housing Project-based Section & HOUSING ASSISTANCE PAYMENTS BASIC RENEWAL CONTRACT 4 CONTRAGT INFORMATION? PROJECT Section 3 Project Number VA36M0000055, ‘Section & Project Number of Expiring Gontract SAME FHA Project Number (51-25017 Project Name Friendship Village Project Desoription” 1288 Carver Avenue Vi 5:1. TYPE OF RENEWAL [2 Cheek this box for a project renewed under Section 524(a) of MAHRA (not Including Mark-Up-To-Market renewal)" [Check this bax for a project renswed at exception rents under Section 624(b)(1) of MAHRA ‘This form of Renewal Contract shell not be used fora Mark-Up-to-Market renewal, ee re am ‘VRSSHOODOES asic Renewal Contract REV 222-01 »18/06/2805 81:46 7574255926 COMMUNITY HOUS'G PTR PAGE 06 io/ea/20as 16:15 804779782 are PAE 86/17 PARTIES TO RENEWAL CONTRACT Name of Contract Administrator* Jefferson Gounty Assisted Housing Corporation Address of Contract Administrator 500 Office Park Drive, Suite 300 Bini AL 35223 Name of Owner® Friendship Village Lid Partners 2° TERM OF RENEWAL CONTRACT The term of the Renewal Contract begins on _ October 4, 2005.° b Subject to the availabilty of sufficient appropriations to make housing assistance payments for any year in accordance with the Renewal Contract, as determined by HUD, the Renewal Contract shall run fora period of _4__ years, begitming on the first day ‘ofthe term.’ Section 8 Rousing assistance payments to the Owner during the Renewal Contract term shall only be made from budget authority appropriated by the Congress, and available for this purpose. Vi 7 Bais Ranwal Contract REVRAZO1torapr 2009 aise fo razonuZe COMUNTTY HOUS'G PTR leves/2005 16:16 8042709703 ; ore Avrhment 12 3 DEFINITIONS. ‘ACC. Annual contributions contract Anniversary. The annual recurrence of the date of the first day of the tet of the Renewal Contract. Contract ront. The total monthly rent to owner for a contract unit, including the tenant rent (the portion of rent to owner paid by the assisted family). Contract units, The units in the Project which are identified in Exhibit A by size and applicable contract rents. Fifth year anniversary. Tie Renewal Contract annual anniversary that falls at expiration of each 5-year period of the Renewal Contract term. Fifth yoar comparability adjustment. An adjustment of contract rents by the contract administrator at the Fifth Year Anniversary. The contract rent for each unit size is set at Comparable rent as shown by comparability analysts. HAP contract. A housing assistance payments contract between the Contract Administrator and the Owner. HUD. The United States Department of Housing and Urban Development, HUD requirements. HUD regulations and other requirements, including changes in HUD regulations and other requirements during the term of the Renewal Contract. MAHRA. The Multifamily Assisted Housing Reform and Affordability Act ‘of 1997 (Title V of Public Law No.105-65, October 27, 1997, 111 Stat. 184MM), a8 amended by stction 531(a) of the Departments of Veterans Affairs and Housing and Urban Development, Independent Agencies Approptiations Act, 2000 (Public Law No. 106-74, October 20, 1999,113 Stat. 1109f1). Mid-term comparability adjustment. An adjustment of contract rents by the contract administrator within each 5-year period of the Renewal Contract term (in addition to the comparability analysis and adjustmant at the Fifth Year Anniversary). The contract rent for each unit size is sat at comparable rent as shown by comparability analysis, STE: WAS ENCODE - Bao Renewal Contract : REV 2.22.01 Pace 07 Page 87/1710/06/2005 81:45 7574255026 COMMUNITY HOUS'G PTR PAGE 08 1a/ea/2005 16:16 9247709783 are PAE 08/17 Attachment 11 OCAF. An operating cost adjustment factor established by HUD. PHA. Public housing agency (as defined and qualified in accordance with the United States Housing Act of 1987. 42 U.S.C. 1437 et seq.) Project. The housing described in section 1 of the Renewal Contract. Renewal Contract. This contract, including applicable provisions af the Expiring Contract (as determined in accordance with section 5 of the Renewal Contract). ‘Section 8. Section 8 of the United States Housing Act of 1987 (42 U.8.C. 1437) 4 RENEWAL CONTRACT a Parties (1) The Renewal Contract is a housing assistance payments contract (HAP ‘between the Contract Administrator and the Owner of the Project (see section 1). (2) If HUD is the Contract Adminisinator, HUD may assign the Renewal Contract to » public housing agency (‘PHA’) for the purpose of PHA administration of the Renewal Contract, as Contract Administrator, in accordance with the Renewal ‘Contract (during the term of the annual contributions sontract CACC”) belween HUD and the PHA). Notwithstanding such assignment, HUD shall remain a party {o the provisions of the Renewal Contract that specify HUD's: role pursuant o the Renewal Contract, Including euch provisions of section 9 (HUD requitements), section 10 (Gtatutory changes during term) and section 11 (PHA defaut), of the Renewal Contract, b Statutory authority ‘The Renewal Contract is entered pursuant to section 8 of the United States Hausing Act of 1937 (42 U.S.C. 14374), and section 524 of the MAHRA. ROS Bas Rene CoOLe/ea/2aes 16:16 orac8e QUPMRUNL LY HUIS GP IK, ged2789703 ape Peas 98/27 VASENNOTOORE = Basis Ranowal Contra PAGE 11 Pee 11/17eke raeeniuee Gummmuna 1 UD Ie Peek 1 dere2/2e08 16:26 © epaz7esTaa ore PR 12/27 Atacheens 11 ‘Owner submit to the Contract Administrator a rent comparability study prepared (at the ‘Owner's expense) in accordance with HUD requirements, {c) Mid-term adjustment (discretionary comparability adjustment within 5-year term) tn addition to the comparability analysis and adjustment of contract rents at the Fifth Year Anniversary, HUD may. at HUD's diseretion, require ‘or permit the Contract Administrator to conduct a comparability analysis and adjustment of contract rents (‘mid-term adjustment’), one more time within ‘each 5-year peried of the Renewal Contract term {d) Adjusting contract rent Atthe time ofa fith year or mid-term comparabilty adjustment, the Contract Administrator shall make any adjustments in the monthly contract rents, as reasonably determined by the Contract Administrator in accordance with HUD requirements, necessary to ‘set the contract rent for each unit size at comparable rent. Such adjustment may result in @ negative adjustment (decrease) or postive adjustment (increase) of the contract rents for ane or more unit sizes. (3) Procedure for rent adjustments during ronewal term, (@) To adjust contract rents during the term of the Renewal Contract (including an OCAF or budget- based adjustment in accordance with section 6b(1), or a fifth year or midterm adjustment in accordance with section 6b(2)), the Contract Administrator shall ive the Owner notice with a revieed Exnibit A that specifies the adjusted contract rent amounts, (6) The revised Exhibit A shall specify the adjusted contract rent amount for each bedroom size a8 determined by the Contract Administrator in MASE MID0 OEE ~ Bale Renewal Contract — : REV 2-22-01Lerops 2009 0. 1n/ea/7a0S 16:16 forage COMMUNITY HOUS'G PTR ‘9842789783 ore Attachonent 11 ce ELSES LUOISOESIEI ‘accordance with this section, The adjustment notice by the Contract Administrator fo the Owner shail ‘specify when the adjustment of contract rent is {0} Notice of rent adjustment by the Contract Administrator to the Owner shall automatically constitute an amendment of the Renewal Contract. (4) No other adjustments Except for contract rent udjustments in accordance with this section, there shall not be any other adjustments of the contract rents during the term of the Renewal Contract, ‘Special adjustments shall nat be granted. 7 OWNER WARRANTIES ‘The Owner warrants that it has the legal right fo execute the Renewal Contract and to lease dwelling units cavered by the contract. The Owner werrants that the rental units to be leased by the Owner under the Renewal Contract are in decent, safe and sanitary condition (as defined and determines in accordance with HUD regulations and procedures), and shall be maintained in such condition during the term of the Renewal Contract. 8 OWNER TERMINATION NOTICE Bofore termination of the Renewal Contract, the Owner shall provide writien notios to the Contract Administrator and each assisted family in accordance with HUD requirements, If the Owner fails to provide such notice in accordance with the law ‘and HUD requirements, the Owner may not incraase the tenant tent payment for any assisted family until such time as the Owner hhas provided such notice for the required period. 9 MUD REQUIREMENTS: ‘The Renewal Contract shall be construed and administered in accordance with ail statutory requirements, and with all HUD regulations and other FY RSSNODOOES - Basie Renewal Control : REV 222-01 PAGE 13 PARE 19/171e/96/2805 81:45 7574755826 COMMUNITY HOUS'G PTR Page 14 iavea/2aes 1616 9842789783, arc PME 14/17 Avschomeot 11 10 1 12 requirements, including changes in HUD regulatione and other requirements during the term of the Renewal Contract. However, any changes in HUD requirements that are inconsistent with the provisions of the Renewal Contract, including the provisions of section 6 (contract rant), shall not be applicable. STATUTORY CHANGES DURING TERM ‘if any statutory change during the term of the Renewal Contract ie inconsistent with section 6 of the Renewal Contract, and if HUD. determines, and so notifies the Gontract Administrator and the Owner, that the Contract Administrator is unable to carry out the provisions of section 6 because of such siatutory change, then the Contract Administrator or the Owner may feminate the Renewal Contract upon notice to the other party. PHA DEFAULT @ This sectian 11 of the Renewal Contract applies if re Contract Administrator is a PHA acting as Contract Administrator pursuant to an annual contributions contract (/ACC”) between the PHA and HUD. This includes a case where HUD has assigned the Renewal Contract to a PHA Contract Administrator, for the purpose of PHA, administration of the Renewal Contract. b IF HUD dotermines that the PHA has committed a material and substantial breach of the PHA’s obligation, ae Contract ‘Administrator, to make housing sseistance payments to the Owner in accordance with the provisions of the Renewal Contract, and that the Owner is not in default of its obligations under the Renewal ‘Contract, HUD shall take any actin HUD determines necessary for the continuation of housing assistance payments to the Owner in accordance with the Renewal Contract. EXCLUSION OF THIRD-PARTY RIGHTS ‘The Contract Administrator does not assume any responsibilty for injury to, or any Kabilty to, any person injured as a result of the ‘Gwners action or failure to actin connection with the Contract Administrator's implementation of the Renewal Contract, or as @ result of any other action or failure to act by the Owner. b ‘The Owner's not the agent of the Contract Administrator or HUD, and the Renewal Contract does not create or affect any Teiationship between the Contract Administrator or HUD and any Seer raa rae aE ~~" VASEINONOOEE - Basic Renewal Goriraat REV 222-01 19rayes/2005 16:18 8847789789 ore PAGE 18/17 Asehonent 1. spear sp nnnapevnnnannisecereensnnoaaneene rene lender to the Owner or any suppliers, amployess, contractors or ‘subcontractors used by the Owner in connection with implementation of the Renewal Contract. Ifthe Contract Administrator is @ PHA acting as Contract Administrator pursuant to an annual contributions contract CACC") between the PHA and HUD, the Contract Administrator is not the agent of HUD, and the Renewal Contract does not oreate any relationship between HUD end any suppliers, employees, contractors of subcontractors used by the Contract Administrator to ‘carry out functions or responsibilities in connection with contract administration under the ACC. 13 WRITTEN NOTICES 2 Any notice by the Contract Administrator or the Owner to the other petty pursuant to the Renewal Contract shall be ghven in waiting. b party shall give notice at the other party's address specified in section 1 of the Renewal Contract, or at such other address as the other party has designated by a contract notice. A party gives a Trotioe to the other party by taking steps reasonably required to deliver the notios in ordinary course of business. A party receives ne when the notloe is duly delivered at the party's designated ress. rere ‘VASBMMOOOUSS - Bsels Ranwal Contract a: REV 22201lusid6/2005 81:46 7574255625 COMMUNITY HOUS'G PTR PAGE 16 Aeroz/2eas 16:18 9242709722 coc PAE 16/17 Adtahemest 1 SIGNATURES Contract administrator (HUD or PHA) Name of Contract Administrator (Print) ‘Owner Name of Owner (Print) Eriendship Vilage Ltd Partners Tame and tite (Pring Date os feefes AE MTOOOEE - BARS Renova CONTE REV 2.22.01 rydoreorznes wide — fo/azDouz GOMUNITY HOUS'G PIR PAGE 17 dores/20e5 16:16 042769763 are PME 17/37 EXHIBIT A IDENTIFICATION OF UNITS ("CONTRACT UNITS") BY SIZE AND APPLICABLE CONTRACT RENTS: ——_—_— Numbor of Number Contract Contract Units of Bedrooms Rent 10 1 seta 40 2 $037 30 3 $660 Eo 4 s0u4 6 8 $708 NOTE: This Exhibit will be amended by Contract Adminisirater notice to the ‘Owner to specify adjusted contract rent amounts as determined by the Contract ‘Administratar in accordance with section €b of the Renewal Contract. EXHIBIT A Page 1jb3t58 x301196052! REGULATORY AGREEMENT FOR LIMITED DISTRIBUTION KURTGAGOR PROJECTS UNDER SECTION 221(a)(3) OF THE NATIONAL HOUSING ACI, AS AMENDED This is o true and Project No. -051-35017-NP-SUP correct copy of the origi Mertengce CAMEROS-BROWN COMPANY wh Amount of Mortznge ote’ §14429,900.00 pae 2/11/69 city of Mortgage: Recowed: 12/16/69 Stare Virginie: Goucty Virginia BeacWPate 12/11/69 Book 1142 Page 722 “This Agreement etre ef this och day of January 119-92 FRIENDSHIP VILLAGE LINITED PARTNERSHIP, a registered Virginie Limited partnership whose address is 930 Combria Street Christiansburg, Virginia 24073 between their successors, helen, snd 285 sy, hereinafter refered to 2s Owners) and the undersigned aru t Housing and Utan Development aad his tupceesor, acting by and tough the Federal Hosing Commission: tr (hereinafter called Conissione:). In consideration of ihe endorsement for insurance by the Commissioner ofthe above descxied note or in conser tion ofthe concent of te Commissioner tothe tansfer of the mortgaged property end jn order to comply withthe ra ents of Section 221¢(8) of the Netforal Housing Act, as amended, and the Regslations edoped by the Coom!s+ sree risat thereto, Ovaers agree fr thenselves si auccesore, bees andessies, hal In connection with he serra papery andthe projet operated thereon so 20 Hong as the contact of wortgage ieurancecontinas in of Faaraee pace sack farther period of time as the Connissioner shall be the omnes, older ot reinsurer of the morigaas, se lerng any thee the Conaislonet fs obligated to near ar mortgage onthe mortesged property: owners, except as Hated by paragraph 17 hereof, shall promptly moe ail poymants dae onder the note and norte 2. G) Owners shell estabiish or continue to maintain a reserve fund for replacements by the elloction to sch eons] na separate account with the mortgagee ot in safe and responsible depository designated by sesh gopre, eoncaterly wilh the begining of payments comsrds amortization of the principal of the margae Jnaured or held by the Comvpissioner of an amount equal toS Wide per month anlese 2 different reer conat fg approved in writing by the Commissiongr. Such fund, whether in the form of» cash deposit ca or iad a ebigations ofor fully guatanteed ato principal by,tbe United States of America, shall ot all eae nde the contol of the mottgagte. Disbursements fom such fand, whether fr the prpese of elfec+ ting repovenenr of stvuctoral elements and mechanics equipment of the projector for any othe prose 18 elds enya raceiving the consent in iting ofthe Commissioner. To the event of dla nthe ce ee the mongete,porsuant to which th loan fas been accelerated, the Commissioner may als sar cine apiiation ofthe balence io such fond © the amount due on the mortgage debt as accelerated (> Where Owness are acquiring & project already subject fo an insured mortgage, the reserve fond for Duccementate be established vill Be equal to the amount due tobe ia sich fod unter existing aewenents oF Cece pene ot the time Owners acquire suck projec ané payments hereunder shall begin with the fist crane! foe onthe morgage after acquiation,velees come other metho€ of establishing and matetsning the fund is approved or required in writing by the Commissione: tc) Owoes shell ectablish and maintain, in addition tothe reserve fund for replacements, 2 resides seo (ey se Ring theteto, withthe mortgagee, tho recidoa)recetpts, as defined becein, within 6D ars Nae eect i semianoual oe annual fiscal period within which cuch eeceipts are realized. Resides! pte cat be uader the conteol of the Conmissiont, and shall be disheread only onthe direction ofthe Reet Runt cho obsll have the power and authority (oirect that the residual receipts, or any Pa forest he werd for such naroose as he mav detersiag4 Neal omens Ahr Be MOUBE TEP TEAS IF ° 4, The Owners covenant and agiee that: @) Admission w the project shall be linited to families Saving a low or maderate income which does not exceed the Ibnite established by the Commissioner and in effect at the time of adnission, (6) Preterence or priovty for admission to the project and for placement on the wating list, wiich Owners ‘hall nalntata, shall be extended tp thore foniliee of low or moderate incomes who have certificstes of eligibility ar displaced families; (©) On fonns approved by the Conmissioner they will obtain from each prospective tenont a certificat tf income priot to admission to the project, and a recertification of income frm each tenant at Jeast every two years follosing the date of ednission; ( Wany recerstication discloses thet fonily income exceeds the linits established by fhe Connissioner odin effect atthe tine of recertification, they shall elther terminate the lease, or require the tenant to pay te increased rental in an amount computed in accordance with the formula prescribed by the Commissioner; (@) They shall require all tenants fo execute a lease inthe form prescribed by the Commissioner, and shalt sot real say anit in the project for less than 30 days ao: more then one year; (0 The wat charged for eoch wait shell not exceed the upper limit of the range shown for such type of triton the renlal schedule epproved in writing by the Commissioner, and shall include the reasonabie tee ofall uilities shown on 281d schedule, but io no event shall the total gross monthly cents forall Gfwelling units excoed the gross monthly dwelling income forall units approved by the Commissioner on the reatal sched! (© No increace will be mate in the amount ofthe gross monthly dwelling income forall ents ao shows on the rental schedule unless euch increase is approved by the Commissioner, who will at eny tine en- ferain a written request for an inciease propedly supported by substantiating evidence and within a rea- sonable tine shall: () Approve e rental schedule that is necessary to compensate for any net increase, occurring ‘ince the last approved rentel schedule, in taxes (other than income faxes) and operating and ‘aaintenance expenses over which Owners have ro effective contol, ot @) Deny the increase stating the reasons therefor; (2) If there ae rent supplement units in the project, the determination as to the eligibility of tensnts for sdniesion to such units ard the conditions of comtimued occupancy shell be bx accordance with the Rent Supplement Contact executed by the Owners and the Commissioner which is incorporated in and made & past of this Agreement; (0 They will wnt commercial facilities, ifanyat not loss than the rental approved by the Commissioner () In selecting tenants they shell not discriminate against any person or persons by reason of the fact that there are childeen tn che family. Upon piiar written approvel of theConmissioaer,the Owaert may charge to sod receive from any tenant such hounts a6 for Ge to Line ny be mutually agreed upon betweon the tenant and Owners for aay facilities lnd/or services hich moy be fornished by the Owner ar othors to Such tenant pon his request, in addition to the facilities end services included in the approved Rental Schedule. Owners shall gor sithoat the prior wiitten approval of the Conmissieier: (2) Conves, transfer, o encumber any of the mostgeged property, or permil the conveyance, transfer or encumbrance of such propetys (6) Assign, tanafcr, dispose oljor encumber any persoaal property ofthe project, inclnding zents, or pay out ny fonds, other than from surplus eath, except for reasonable operaling expenses and necessary repairs; {€) Conves, assten, oF transfer any beneficie] interest in any trast holding title tothe mortgaged properts, or the interest of say geaeral partner in 2 partnership owning the mortgaged property, or any eight to ianoge or eeeiva the rents and profits Trom the mortgaged property; (6) Remodel, ad to, reconstruct, or demolish any past of the mortgaged property or subtract from any real for personal property of the project; (0) Make, or receive and retain, any distribution of assets or any Income of any kindof the project except from aumplus cash and except oa the following conditions:5 3.017769 523 (0) Al stations shall be ade oly fo teste and fs xemieno} or apm tte! ytd, area y te tu le apcete jit a such Sito nay a eae sal lated oso pe coun oh nil el vests, which shal he dete SEL Conaeioer te ght ach detiation xl Be ener} {G) fe aistbation shall be made from bored lands ox pir te the completion of the projet, CP die these 12 any defeat under this mgiernnet or weer he ote oF mortgage: (9) Aay disttbtion of any fds ofthe prec, whch he pty rcsiing much fd fs not ented Sa hercuder: shai beheld nt separate prt Cn any eer Cod (4) Tre tall hove been compllance wi ll otetading notices of teqtronc at for rover emacs ofthe poet (0. Engage, except for atu} perons, in anyother busless or activity, including he eperation of ay other (tata pecs or ncur any liabiity obligation not fm conwecon withthe prejets © Reawie, os a condition ofthe eccupeney of essing af any ent inthe pofect, any consideration od Spr tan he prepayment of tne first month's vent plus socelty deposit tn amowst notin excess FTone moat’ ten o gosante the perorsance of the covets ofthelenee. Any fend collected es se Say depts sha be hept separate end spat (rom al ether fonds of the pofct fa ust sccount the SRE SPeiichshat otal ince equal er excend the appregst ofall oetstonding obligations wndor raid (0) Pernt the use ofthe dwelling occemmodetions of the project for any paipose except the use whch was Sieialy tender pratt commercial toe greater then that originally approved by the Commissioner, iit, erect or contingent otherthan for canent operating expenses, exclusive oft i receearly incident tothe execition sd delivery thereat; 0 incur oy obligations, to themselves, or any eificers, Pay my compensation eluding wages or directo, toctholders, trusses, prnar, beelieieies wider» tus, ort ay f their nominee (0) Enter nt uy coutinet ox contacts for supervaary ot managerial seticos . 1. Owners shall maintain the mortgaged premites,accommodetons ned the grosnds and exsipnen appurtenent ‘vce, good ope ond contin. Inthe evedt all any ofthe buildings coveed By the mortgage shal! be “Jeeed or ducated by fre ot etherenovaly the money derived Com any Insurance onthe property aball be applied in sccordence with the terms of the ised morse 8. Ovnoi shal not le any petition i basropty, oF foes wosiver oF in jsolvency, oF fr reorganization or com saetiea ar cake ory asttnment for Uibenettet creditor o too Wesieefor cers oi peiniianadjdcation Erbantrpiy, the (aking possestion of the moriznged property ot ny pat theoof by 9 reseiver,orthesezure vaatusicot the mocgegad property or any por uevet meer Joell process ot pursuant f0 aay owe of sale Ged fatto have such. adverse aetlons se aide within ferty-fve days G4) ovoen shat provide forthe manazoneat of the project Ins manner satisfactory tothe Conmtsstonr, Any caaagoner contcetestered tna by Owes, et any of ther, iavotving te poet snwil contain « provision TeUreaet fe subject to eusietia, without peelly and withorIRoutcase, upon written saguest by the Com asics aedecced tothe Otnore Upon receipt of auch egeest Owners shall immediately teminate thewemtaet ‘Tata's pored af sot noee then iy (20) days nd sia make nongenons stietactry tothe Commissioner Tor conning proper mansgeent ofthe projet. evpplies,ot matvats all not exceed the moat orinaily paid for auch srvicee, 0) Peyncit ior serict ‘re rendered or the coppliae or mtesalsfunishe, pple, or sata i the wea vhove he ser (othe wongretd propety,saaipment, bling, plane, offices, appaitce, devices, books, contacts recor, (eateae e Sint paps seting hove soll at all tio be antina! in wxeennbe condition fo proper winana chee subject to sxenlation and Snepection st anf Tessonale tine by the Consissioner bis SE UGEAteg apeata"Owcces shell teop copicn of al waiter contacts or ether fastrments whick affect SRENES peters. alter any of which may be subject to faspection and examiestion bythe Commizeioner cv bie daly author ngoat (The tooks endaccounts ofthe operations ofthe aartgnged property antof the project shall be Rept in Soeotdence with the requirements of the Comlssioner (Win snty days ftlowing the ead of each Geeat yea the Commiesioner shall be forished with 3 com eet fichctel sepont based poe an examination a the boks aad teveds of the mestenge prepared In Fete eee lin he reqetenens of the Gonmiseione, called fo by a fice or sesponsible Owe aod, when waned by tbe Conatssione, prepared and ceriled by # Ceiiied Public Accountant, or other petson accept: ‘ble tothe CommissionerCe BET TTT do mmr oot sane ot EOS Baer a sy setae (o>) AM cote and ster roceipe ofthe project shal be deposited inthe mane ofthe project in a hank, whore (Pdate ae pmuedby the DIG. Suck fds tel bo elthdobm only tn econlance wih the resiaions of tide Rarconont lor trpentes ofthe projet or for istrbtions of surpvu ens na Hinited by payriph 6) SEN Sunes reeleng feade ofthe project ater thn by such Gistribation of suplon cosh shall ined ‘Noly depeet such fds tbe rect tank account and feiing ae to do in viclion af This Art shall Tea? each fonds tect. Any Ouner receiving property of the project tn violation of this Agreeoeat chai mediately Stier such pepety tothe project el falling toto do shal bold gach property tn tas 10. Osets wll comply with te provisions of any Feder! Sate, of loca lw prohibiting discrimination in hosing eke gounde of re, color, ceed, or naionl cxgi Including Tite VE of the Civil Rights Act of 1964 ‘GPastnc aw 66252, 76 Ste, 24), all seqivomente Inpowed by or parsent tothe Rezaations of the Depertnent Ct Hosting ond Uiban Development C4 CPR, Sebtle Ay Pat 1) ieswed prsoant to that itt, wed rpstations ‘Saved pasout fo Executive Order 11063, 4 L Upon avioltion of ony ofthe above provisions of tis Arzeenent by Ose the Commiesiocarmoy give wien ence hereof to Owners, by weglaered or eotfied mil, drerced to te nddrsses sated in this Bereta eiioch other addpnaes as way sobcequety, xp04 appropriate will notice thereof 1 the Commissions, be uEtmotcé by the Ovners so their lgel business adders. I auch voltion is wot eorectd to the oats eine Conmtaatoner win thy days alter he date suck notlee Ismail or wikia sub Conaierioner eaevably deterniner Ir pecessery to cores the wnat, witoat fro Re ESES dean anders Agieonent effective on the dte of such doctoaton of defont mi apan such Setott the Commissioner ay: (0) (2) ta Cavan i hs moss ene he whe of inte pee wt orale a the worst (a) ssid soe isnot held bythe Commissioner rlly the oldut af the aoe of sch defwlt and sequet ‘ind morteage, andthe holder alter caving such nice and fy declare the whole Indettadnose de. and teroepen proceed te ortgge,o” assign the rate tnd montgage le the Canriastoner a provided inthe (0) Collet at! ents and chorges Ja conoction with the operation ofthe project aod ure suc eolestonto pay {he mortgoger’s obligations under this Apeenont ad under the note end mortgage snd be néconsary expen of prosecving the property end eperting the project, {Toke ponsestio’ ofthe project, bring any setion neessory to enforce any sighs ofthe Owners prewing ott Pane molactoprsion, and operate the project in accordance with the tvs ofthis Agreement uni ich tine sn ie Comtasionr in hte egcrtiondatomines that the Orners ace azaln is» position to eperate the project ie ecconiance with he toms af this Apreeaual and in compisnce wih te requiem of he ote a see (Apply to any cout State ot Pademt, fot epcific perfomance ofthis Agreement, fran inhction agaist a=) spats of toe hgreement fe be npolnient of» receiver t ake over snd eperots the projec! in accordance wane eros bf ihe Apessentor for euch other ell az may be appropriate, since the Sjary othe Coomis: ras ofthis Agseement would Be eporahle andthe anoeat of te payment due net this Agetnent tothe reserve fund fr replacements od to secre the Raeareeieeee cr hin tatty weder the endnezement ofthe note fr iasaranee, anne security fr the caeaseatons under this Agreement, the Oveeracoapectively axsgn, pledge and movigaz tothe Coals See, eitathet erento, profit, income and charges of wholever sot wich they wey receive ov be entitled arret eesopsaton of the mortgaged propel, sabecl, However, Co any essizament of eas i he eee tered to bein. Url dtault fs declared under this Agreement, however, yomission i : SrenGG ane cllect ond eisin under the provision of his Agsesmest such ets, eos income, 20d Fant oper Sfoalt this pevaiosion is tormbnated es tool vents dae ex coasts thereafter 1, As oned i this Ageeneat the Go) "itorigage"” incider “Deed of Test", "Chattel Mestenge", and ay other seority fr the wote Leet Wretnland endowed br insurnse ot held by the Comnson ("Modena lr to the bolder of the mertenge Metlfd herein its succetsors and seni (© “nontyngor” means the oricoal borower under the morignge ands suecesnors and esis1", 16. 5k 3011960525 (“Owners tlos tothe persons named inte fst paragoph Herold denigated ae Owner, thet ‘od scien Ge) “Momenged Property” includes ofl popety, re, personal, or mixed covered by the ostegs of atanees sDeovig the nate entered fr Snsurance or held bythe Commlasione: (0. Picject” incindes the nortgoged povety a al a other assets of whatsonvet marc of wherszoover eee ecetned by ine Surinenseonderied on sald mortgaged propery, which business's providing ‘housing nd other nach activities os are ineldesta hereto; Ge ""Sopne Conk" ans any enh remsining ste: the peyment (All nons doe or conetly required to be paid under the terms of aay orgnze oF note fssred or Bele ‘bythe Federal Hoosing Comalssione, (i) Av asmouts required tobe deposited inthe reserve fend fr replacement; [Al ebigtiont of the ocfeot eter thw the Insure actu ers fmt for pm men ve ast ie actomnent of payment has been eppoved bythe Commissioner, 2nd 2) the sogegation oi 10 danmost een she agareems of all special fans routed tobe moitatned by the project i) AM tenant socuy deposits hed: (a) “Kestust Receipts" means ony cosh coaining a the end of a remianousl oc arco! fiscal pied ater niet ten suntercech he amovet of sb itibtons ts that rm Sedative Bolom and 95 Hnited bs, asageogh Se) bere, (0) “Panty manne (1) feo or more persons rleted by Blood, asin, ot operation of ew who oseupy the sane Oo Eye tendcnaed person vho basa physical Impnoent which is expected to be of Ton conti ad t= sa pan ettctntally impedes his aly to lve Sodependently, and i of sack mature that Kis abilty CSti be improved by wore sulable housing conditions; (3) singte person, 62 years of aus ot ober et (4) single Tecattmn 62 yon of ge povided tat occupancy by such persons i lined to 103 ofthe dating sats reine project anless the occupants receive rel supplement beefs prseant fox ret supplement contract in ‘thick inetance the ID percent Hatoton sal ot be opplicae; ( "iui means ny wiveval ot taking of ea o ny eet of he pokey ncoding the sepegsion rea east nthdeawl ethin the Finitetfons of Paragraph Se) hereat, an exctnding 8}- nd mintenance of the greets io * tan to the gos al em of the fay Emam tat Naclorions allowed by the Gnnisstonr, 10) "Defau nans 2 lel declered by the Commissioner when viteston ofthis Agieanen! ts et canted D Osta Tee" cvs th tine alowed by thie. Apeeneet or suck Cure tine as maybe allowed by the Commissioner aller mien soe ‘hs nsraent shall ind, onthe benefit allure the sespective Ones, this ei, Iga tens: This iste nilsson, sicoesor in lflce ot intrest ord exaigas, en othe Comnstlner a A Lie, ence oi contract af mergge iasarace conics i effect and drag ch ter ime asthe Freee oe sell be the ner, holder, or seasurer ofthe mortgoge, oF oblignt=# 10 ‘Ownese weurant thst they hove oo and will rly execute aay other agrecnent with provisions cos lene watt the visions beet, edhe even he reuiement OC Agrees! ee or a Oe eas tothe hts wo oligatlons oot forth od sepeaede ry lhe eqsrements in conic, ere -the oval of ay clauee, part or provision ef this Agreement shal not wtfect she vi portions there oy of the roma “donot aneone persona ability br payments us uerthe nol and mortgage, tothe serve for replacement, (Stor meters st under their conte, except8K 3.107. 1.26.05 2b pnsine ont we prope ofthe paject coming fte fe = (0) fr fends foie to et ‘0nfor ther on ects ond dede ot act ad deeds of of ‘sions betef hove which they hove authored in wotation of 18 pro parteshevelohaveoet thes heeds aed nels on tbe date fat hereinabove ne MITHESS WHEREDE, rnp wae re, eam? re RETEST Uaueiye” Tseoneonaze a sd Men hae By, iz TREASURER SECRETARY OF HOUSING AND URBAN DEVELOPHENT ting by eed though the FEDERAL HOUSING ComMissiONER | + (eat ps echanuledgonents) ‘COMMONWEALTH OF VIRGINIA BAG couwry or MONTGOMERY, Januar + 1992. by HoH U. LEACH, scevowzpcen serone 4s te 9 who 49 President of FRIENDSHIP VILLAGE LIMITED PARTNERSIT?, a roptetereg ep Belial of the Bactnersbip. "BVERGINTA MOUNTAIN HOUSING, INCORPORATY: ne COWMTSS1ON EXPIRES: ior ME UPS sols genefal partner of pia Linitedpartnerniys8 3011P60527 state of Virginia } City of Richmond } rhe foregoing ins! wag, ac fledged before me today, : BI by A. * authorized agent of the Secret. Housing and Urban Develcpment. ©! IC, Notary’ Public My commission ee6, 21 REV. 370s 8k 3011760528 SCHEDULE A All that certain piece or parcel of land, situate, lying and being in the city of Virginia Beach, and designated as 8.074 acres as shown on that certain plat entitled "Plat Showing Street and Easement dedication for Friendship Village, Lynnhaven Borough -- Virginia Beach, Virginia, Scale 1"=50', October, 1969" made by Frank D. Tarrall, Jr. and Associates, more particularly described as follows: Beginning at a point which is the southwest corner of Lot 9, in Block 4, as shown on the plat entitled "subdivision known as Morgan Terrace, Located near Seatack in Princess Anne Co., Virginia," dated February 11, 1946, and duly recorded in the Clerk’s Office of the Circuit court of the city of Virginia Beach, Virginia, in Map Book 18 at page 39, and from said point of beginning running N 36° 20/ 17" W 868.85 feet to a point; thence N 21° 18’ 20" E 94.54 feet to a point; thence N 09° 27’ 45" W 415.76 feet to a point; thence § 77° 03" 15" E 61.03 feet to a point; thence S 63° 43/ 15" B 53.40 feet to a point; thence § 79° 43’ 15" E a distance of 295.60 feet to an old pin; thence S 76° 13’ 15" E 353.87 feet to the northwest corner of a 30 foot unnamed street on the aforesaid plat of Morgan Terrace: running thence S 08° 02’ 00" W along the west side of the aforesaid street 287.64 feet to a point; thence along the arc of a curve to the left whose radius is 55 feet a distance of 269.22 feet to a point; thence along the arc of a curve to the right whose radius is 20 fect a distance of 26.02 feet to a point; thence S 76° 15’ 00" E 166.72 feet to a point; thence S 08° 02’ 00" W 146.54 to the point of beginning. ATIC~ vi vrais : {mabe Clerk's Offieg of the Cwrewt Court of Virginia Beacb [3 day : eo Ben QD. ths msirment was d certificate of acknowledgment thereto annexed, admitted record so oray te eai das been paid. inthe amount of Bye a U3, Dc. “The tax imposed by §58 1-802 of the CodeRent Schedule ee er Cu Approval io 28020012 (eo. 3917010) ‘ Office of Housing ‘Low Rent Housing Ofc sowie pum pogo 3 for insets, Publ Burden Slatement and Pivsoy Act roqurements : FHA Propel anes Date Rens Wi Be Eero andship Village 051-35017 October 1, 2008 Bart A~ Apartment Rents Peo aren rents you inend to charge ven he total ofthese rete sles than the Maxim Atowablo Monty Rett Poort. mover Tort Cale Tana Unit yp onset ens itty ae ee Atowances | 00.8 CLE (irotde Non-evonae | Col2 Monty ross Rent col Monthy ie Noe) | Number | CoLa | Contract Rent | Eteotve Date | (Ca. 3 + Cal 5) Rot Natt Rent Drunte | RentPerUnk | —Potenfet (101/08) Per ue Potent BH {ical2x00.9)| ie (Goh.2xC0L 7) TBR 70. Se77_|_$6,770_ | $60 SE E 2BR 40 ‘$702 326,080 | $60 | $768. is 3BR 30 $728 | $21,040 372 | $800 eee ect aR 24 $764 | $18,006 373 $627 _| SBR Era sca $776 | $3,880_|___ $78 $854 erect jerady Cortact Rant otis 100__|usacosy $78,666 z earycorese Ren Pont ae (22 oo.ssumx nay $943,902 Tee nay rol ercead te Maxum Alonabe Honfl Rent Poin! approved on the lst Rent Comput ‘rover submitig, Wart Rent Penal apples ol to Secon 296 Project. n Works or eausated ‘iB Rems included in Rent [Part 5 = Nen Revenue Producing Space EquipmentFurnishing in Unit (Check those included tn rent) Range a colt ool cols Refigorstor o Use Unt Type Ccontrect Rent ‘Ar Condtionar a it By Disposal a [None pease “Usfies Check tho Incuded In ren), enter EF, jTneluded in rent. For each item, (even those not | — ‘or G on line bocide that item): E= _ ‘or Coal. | Elect: Gas: FoF ul 5 Heating WotWater —_[) Ushls,e. & | Fae Ret Loss Buse Non Revenue Us L [ ceaea Cooking o Joan = Commerce Srace (eal, fos, ares. ead ‘enviawaaciitns (Sheok hove Included To rt) ca2 | cots | Rental Raw Parking (i) Neuh. Newark —(C] Nasieg Care ak MontiyRent| Square | Pera. Ft feeunry o TE] Uren Sono Use Potonal | Foctage | (Co. 2 hides by 1D ‘swmningPeot o ni al.8) i temscos oa |None z Pad = Shares in Adon to Rent (a pring, cable TV, mea) = a Purpose seas ont oF None ea = revioas elton ae obsolete Page tof ref Handbook 4260.4Part G — Information on Morigagor Eniiy Nana of may Friendcip Vitogo Limited Partnership I ee ipe of ently (Clincvidual —[]Ganerat Parerstip [it Tenancy Tenants in Common (Jw (spect) [corporation (Z}uimites Partnerstip FE} Trust ‘List ail Principale Comprising Mortgagor Entliy: prado name and ite of each principal. Use extra shests i needed. I ‘eigagar sat ~erpran (ah for (2) a eels: ee) + partnership, list: (1 trust, ist ‘Ted Kosbel, Chairman Tome Joffrey K, Read, Seoretary-Treasurer ‘bach stockholder having @ 10% of more interest. ‘il goneral partners; and (2) limited partners having a 25% or more Interest in the partnership. a ail managers, directors or trustees and (2) cach Deneticary having at ‘east a 10% Beneficial interest in the trust Jane Henderson, Vice-Chairman Oriando ©. Artze, Executive VP & Chief Operating Officer ‘amends — ‘Susan Gooden, Member Tawa aod Nathan! Bishop, Member ime Melooim Bates, Momber Neneaodtne Harriet Dorsey, Mombor Tamed ie aT Pan Owner Genifiation ‘Toihe best of my inowtodoe, all te infomation sated hore, as well es any ivormalion proved in the accompaniment herewith, J tue and acourals Hi Waring: HUD wi rosecute fis claims and tatemens. Conti ia nd Te Otlando ©. Artze, Executive VP & Chief Operating Oficor syresuin fina andor el penties. (18 S.C. 1001, 1010, 1012; 81 V8.0. 6729, $802) VL exfagpeok "ate eno) Pant HUbiLender Approval ‘adendumierber Fie Conroe Teron Chieu onder Oia Sorta _VA 36M 000055 Eapannter isan Saaremaa | a ty) rv elon oe able Pao Ton HUB Baa TH}REVISED 05-02-08P01:01 RCVD E IDENTIFICATION OF UNITS (“CONTRACT UNITS”) BY SIZE AND APPLICABLE CONTRACT RENTS Section 8 Contract No. VA36M000055 FHA ProjectNo. —051-35017 Project Name: Friendship Village Rent Effective Date: 10/4/08 No. of Units | No. of Bedrooms | Contract Rent | Utility Allowance _| Gross Rent 10 7BR $677 $60 $737 40 2BR $702 $66 ‘$768, 30 _3 BR $728 $72 “$800 24 4BR. $754 | $73, $827 5 SBR $776 erent TB. $854, SIGNATURES CONTRACT ADMINISTRATOR OWNER Jefferson County Assisted Housing Friendship Village Limited Partnership It Corporation By: Signature of author Oalawod C. Artee Eheeutve VP + Chie? Open : Eric Q. Strong, Chief Executive Officer Name and official title (Print) Name and official title (Print) Date: ( [cl Date: OY Lee ceecommunity 100 Wess Frankin Street. Suite 300 i Richmond Vk 23220 housing 804.349.7201» 804.343,7208 fx partners _ _ TDD: 1.800.545.1833 ext. 274 FRIENDSHIP VILLAGE APARTMENTS NOTICE TO SECTION 8 TENANTS NOTICE OF AN INCREASE IN MAXIMUM PREMISSIBLE RENTS AND UTILITY ALLOWANCES DATE OF NOTICE: JUNE 10, 2008 ‘You are notified that the United States Department of Housing and Urban Development (HUD) has approved an increase in maximum permissible rental rates, and a change in utility allowances effective October 1, 2008, A copy of the approved rental schedule, form HUD-92458 will be made available to ‘you upon request. (HE APPROVED SI ‘ALLOWANCES. EFFECTIVE OCTOBER. MONTHLY RENT. PERMISSIBLE RE] D UTILITY 2008 WILL NOT INCREASE YOUR CURRENT Bedrooms Current it ‘New Rent Current Utility New Utility ‘Allowance | _ Allowance 1 Bedroom. 650. 677. 41 60. 2 Bedroom 674 702 46 66 3 Bedroom 99, a 8 12 4 Bedroom | 724 754 50 73 [5 Bedroom a5 76 [33 8 Sincerely, A Yow ® hipy ‘Nona L. Hipp ‘Vice President, Property Management www.communityhousingpartners.org ‘Weighs:community 100 West Franktin Street, Suite 300, : Remond.VA 23220 housing 604,343,720] + 8043437208 ox partners te tainsisien ona NOTICE TO TENANTS OF INTENT TO SUBMIT A REQUEST TO HUD FOR APPROVAL OF AN INCREASE IN MAXIMUM PERMISSIBLE RENTS AND UTILITY ALLOWANCE Date of Notice: April 17, 2008 We are submitting a request for approvel of an inerease in the maximum permissible rents for Friendship Village Apartments to the United States Department of Housing and Urban Development (HUD). The proposed increase is needed for rising operational costs ‘The rent increases for which we will request approval are: Bedrooms | Present | Increase | Proposed | Current Increase | Proposed Rent Rent Utility Utility Allowance Allowance 1 650" 28 678 4i 19 60, 2 674. 29 703 46 20 _ 66 3 699) 30, 729, 49, 23 2. 4 TA 31. 755 30 23 ve si 745 32 TTT 33 | CS 78 A.copy of the materials that we are submitting to HUD in support of our request will be available for inspection and copying by tenants of Friendship Village Apartments and, if the tenants wish, by legal or other representatives acting for them individually or as a group, during normal business hours at: Friendship Vilage Rental Offic, for « period of 30 days from the date of service of this notice. During a period of 30 days from the date of service ofthis notice, tenants of Friendship Village Apartments may submit written comments on the proposed rent increase to Nona L. Hipp at Community Housing Partners Corporation, 100 West Pranklin St, Suite 300, Richmond, VA 23220. Tenant representatives may assist tenants in preparing those comments. {lf, at HUD's request or otherwise, we make any material change during the comment period in the materials available for inspection and copying, we will notify the tonants of the change or changes, and the tenants will have a period of 15 days from the date of service of this additional notice (or the remainder of any applicable comment period, whichever is longer) in which to inspect and copy the materials as changed and to eybmit comments on the proposed rent increase}. These comments will be transmitted to HUD, along with our evaluation of them and our request for the increase. You may also send a copy of your comments directly to HUD at the following address: www.communityhousingpartners.org ‘eightsAttn: Director, Housing Management Division RE: Project #: 051-35017 United States Department of Housing and Urban Development 600 Bast Broad Street Richmond, VA 23219 HUD will approve, adjust upward or downward, or disapprove the proposed rent and utility allowance increases upon reviewing the request and comments. When HUD advises us in writing of its decision on our request, you will be notified. If the request is approved, any allowable increase will be put into effect only after a period of at least 30 days from the date you are served with that notice and in accordance with the terms of existing leases. int by Nona L. Hipp Vive President of Property Managementcommunity 100 West Frankin Seree, Salta 300 ; Richmond VA 23220 housing 804.343.7201» 8043437208 fox partners —————_—___________ 18:120045.1833 ¢.274 ONE-YEAR NOTIFICATION LETTER September 9, 2008 Dear Friendship Village Apartment Resident: ‘The Department of Housing and Urban Development subsidizes the rent of your apartment though the project-based Section 8 program. Federal law requires thet owners provide tenants with a one-year notification before the expiration of a Section 8 contract. ‘The Section 8 contract that pays the government's share of your apartment rent at Friendship Village Apartments expires on September 30, 2009. “While there will be no immediate change in your rental assistance, we are required to inform you of our intended actions when the contract expires one year from now. This letter is to notify you that we intend to renew the current Section 8 contract when it expires. IfCongress makes funds available, which it has in the past and is expected to in the future, we will renew the Section 8 Contract. However, in the unlikely circumstance that we cannot renew our contract, it is our understanding that, subject to the availability of fands, HUD will provide all eligible tenants currently residing in a Section 8 project ‘based assistance. Ifyou have any questions or would like information on the Section 8 Program, the following sources may be of assistance: Contract Administrator ‘Name: Jefferson County Assisted Housing Corpsration ‘Tamika Bibbs, Program Specialist Telephone Number: (205) 445-2766 HUD Field Office Name: Barbara Gorden, Project Manager ‘Telephone Number (804) 822-4850 Vice President, Property Management veww.communityhousingpartners.orgSieh 6 f. Mlcoscemens Ope ar April 25, 2008 Nancy G. Deane Community Housing Partners 100 West Franklin Street, Suite 300 Richmond, VA 23220 SUBJECT: Annual Rent Adjustment Friendship Village Section 8 Contract #: VA36M000085 Dear Ms. Deane: We have reviewed your request for an annual rent adjustment for the subject property. The contract rent and rent adjustment provisions of the Housing Assistance Payments Contract are approved for a one-year term with current rents adjusted by OCAF. The enclosed rents are for Section 8 Project Based residents only. All other residents must be given thirty days before implementation. The new renewal rents will be effective as of October 1, 2008. Units Bedroom Size |. Currant Rent | Renewed Rent 40 TBR $650 | 40 2BR $674 $702 30 3BR. $699 $728 24 4BR $724 $754 5 SBR S745 $776 JeffCo has requested the Reserve For Replacement monthly deposit be increased to $2444, Enclosed are three copies of Form-92458, Rent Schedule and two Revised Exhibit A’s. Please sign and return all copies to this office. We will forward a fully executed copy of the rent schedule and Exhibit A to you for your records. After you have received the fully executed copies, you may then submit the renewed rents on your monthly voucher using the effective date shown above. If you have any questions, please contact me at (205) 445-2766 or [email protected]. Sincerely, Pate Program Specialist EnclosuresTAB R (Documentation of Operating Budget)aR DOCUMENTATION OF PROJECT OPERATING BUDGET Porte mos! pak expeece were projected basod on 9 39 eesation fom 2008 sions, Atsched i te income stat: em 2008 Subatave charges are note in we Comments clu (Friendship ollage, 1235 Carver Ave, Virgin 7a] ‘Projected Operating Expenses PREUESTED STAELEEDIOH aad Comments Unite Tota Uae so] ‘is Anialb for Rat 109] a ‘Advertsing aS a 3 Manepement an 52 a4si| a0) Proeton nased.on 5.5% of revenue Manager sox 8 se| 2100 Oe Stari 3x 1D vase] aa “Tarcret seatoyg ee 3 2750 siden series sox stom] a eat oe ‘asm ] 95) ‘uit Bosbuepng sms aaa] 370] ce Exper 2 | Phone ed 2m at| ase se ° ‘| Total Admin, 238. 103s) 986 (uti "sets se Ta] soe Fat ook za 25489 | So Seungs ror mere on wate hear ana ‘Wate Sener Aoox Faust | —_mieaSounge fom on ow Fro otal tui 33%) nave | 9% ‘Matersnce Sacer sax 37 ae] een] ‘Ceaning Seppe so ‘sis6| 4] Contacts mee aiz0s| sacl Reducod ropa costs duo tora Estria 30% st 3300] saa ‘Nash enoval 30k 8 ress | se Groande aptx 319) sonnei considered high for te Sealy Bok Bat | aa Decorating us a eam) cu apa materi Box 2s sasor| © zm Vek tp Mie aS ‘mio | a Tote htnrnence 524 2083 miso) 2037 (Ger "eal sae Toe ee SB] re expense: rcwanee bon 36 Seam] 5870 Enployee Donets deans 0% 2 ana | maa ‘oll Gana pers ioe 108 nage) 2915 Total OpeetngEnpemes 70% S19 omiss) 6728 Replacement Reserve ™ 32700 ° ‘Total Expense aise sate sams| wane© VIRGINIA HOUSING DEVELOPMENT AUTHORITY STATEMENT OF PROFIT AND LOSS MonityPeiod Desig: Janay 1.2008 nding, December $4, 2008. evan Naa! Friendship Vilage, LP. ORME names 20.9900278, 20-0960828 ail Desarion oT Recount Se Ao [Renan iss Pans “Ei Fret Asoaree Pare eit Rents arture ars cere ei Income (Sores ana Comme st "100 bd Pats SS rma [reo Subic ao Wisealareus inom es Bi otal Revs cone Poterdl a TR Garona) Tiere as a ed EE ma vocencioe (rena cones a 3200 (cate anaes Gps so [sstaeaus oe 0 ot vacancies Het etl inane = Rev a Las Ven Eliy end Congregite Barve come 500 Hot Saris nse (Sched tar 200 srs ere Geveleme Opa Eo Fnantat name fo eset Resk Rees 5 come The Fo aint Roce or Rapacrens eo ‘500 csr fo reset ale a Foi Finan son sur and Veh =e [nee ae ch 3 other asc a eanno Fo E Income Feed Tenet Ses ena = ‘600 [np Revers Os ea [oer neo oc 0 frosloferncone [Somentons nd Wess aa aves ao [obs ae Basia Eo fries Sates [ao [ie Sut eH Administrative [asa Exponsse 50 2805300 a Goptnandents Ro Fes TE at [ees Expeses bev) a ig Sonne (Dasore 80 [dscslneoes ine Bee ee 2 Fes Acro Expres — [us Gies Eo ites ec cup a espe: Poe 0 Expense ier is 400 es sis Fo as eS i" “areas ma beanie oa eres dar Paget olz ‘Snel en ustup~$.49 an blo ene ov ‘The aovompanying notes are an integral part ofthese financial statements,[sid Suoig aa rn Ltrs ani Supa Bis Waters esi Conese str searing Pyles oo ebaling Soot 0 opsrating nt [snmape art rach Re to Waintorance ——(scurhyPayalioowraeh, 0 Expenese faeanas Favor 3 3500 foes surtes a [rors Conta s6 ese Pay si eyo tere eat iepare Cotas Sst [Beir Marerenctoara es singing Repars and NATIETSS as (uring ot tenner ear raw er eo [ecraing eave Eo [cus utes se (les sd sire Caer Opin mama | _ OTe [selereus Opening ana Srienace Boars se [el Operating snd Maintenance Exes [os eat Tes oe, Dros Teer Oona SiS) (Tan [selene Toy, Genes a Pas aris axes [rons ane sbi vance ear) ar and sly Gondinaren ara Insurance ——_[iiersConpensatan er 700 Fiat eae an nor Ele Bes 8 fone were ses er tal Ys and rans [nero enue Pete wi [bersLor Verges Paya 20 Financial Treen les Paral Sr Tera) 90 Expenses [arse Nee Papas Lorem) i ‘800 og Esrus Prortunefes Cai e arsareo: Praveen as Soll Final xoonene Ease eal Serco expenses Schad Mashed ca congregate [Tol Coste Opsratons Before Senrciston Services Prt ss) afore Gepreaton Expenses [syecion l—seb0 och — = 000) (peat Prt (as) oes aioe 7a corporets or fagstecenss Sap 7 ‘Mortgenor [Tse Fetal ato- Ea Fos ‘Entity [er sores 7S expanses Fla Corot Bore 7100 Retro Las Isctonesus or Cec ne nd ene Gt st ows, Maines er er hoe er Bosse Guba (10 SH, 40, SH, EE, 0672 S80 ad 0) ccd ee Grey 10% oa, lc 2st crating reba Meseeass rarer ies, oe ESS FRET TOTP PA, PERS a Wend ARTA ma hp ose ea une ete Faas SSS Spa a Pa TRRIOY NT RS TO oT FETE ATS eae arpa spent oes Lz reaconeche Mahneus Ress ae AD eda is oso Ls SSE aa Fe Gevaoprat moter seve Ree ir he Fess Susy Progen Pier wad a fee ene ch ‘Herel an Lee Sem a} Feta ‘The accompanying notes a 1 Integral part ofthese financial statements, 2TABS (Documentation of Project Budget)eo0zeL/8 6110 | 8k ‘2 90 6002 ~ aBe1In dusoueLs"61607OM, z 73 1 woe eT ae $ 5 = [> s 2 ‘ao 29,7 sounnse es poy asda pu wap ys OED woHDeES EME IY coco a a ae os Ta Bus oie Jo poe vr ae WoO cc £ sp a> ¥ ROA z | pu yar eso pr daa nal ow Pee SUE | syeyew ase ny 24 sou ee seul a day uth et | cotaoo 5 = ¥ 5) ap peas 9g tam Spun mo pas Burp a yous Bun ou wan pou -| aoe ¥ 5 sf = sy z i -| coo 5 z $ Ai 5 || ooo ¥ z $ = 5 LL. coon ¥ 5 5 T | 00000 _| = z g= [00000 s s s { =|_saooeo ¥ = ¥ 5 5 Z z {| cooo00 ¥ aS 3 I =| 0009 ¥ 5 5 = 5 - 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SRIENDSIIP VILLAGE. LLC, @ Virgoia limited lability company (ihe “Company” and to be indexed as “Grantor”), COMMUNITY HOUSING PARTNERS CORPORATION, @ Virginia nonstock corporation exempt from federal income taxation under Section 501(a) and 5301(c)(3) of the Internal Revenue Code of 1986, as amended, and whose primary purpose is providing affordable housing to low and moderate income persons and families (“Grantee”). WHEREAS, the Company intends to purchase and rehabilitate an affordable housing development known as Friendship Village Apartments, located at 1235 Carver Avenue, Virginia Beach, Virginia 23451 which contains 109 dwelling units that are intended to be rented to low- income households (“Project”), located upon the real property further described in Exhibit A. attached hereto and incorporated herein. Such real property, together with the Project and any fixtures, improvements, and personal property situated upon the real property and owned by the Company at the “Closing Date” as defined below, shall be hereinafter referred to as the “Property”; and WHEREAS, the Property is or will be subject to one or more governmental agency regulatory agreements, including but not limited to a Land Use Restriction Agreement with Virginia Housing Development Authority to be recorded at a later date, restricting the use of the Property ‘pursuant to certain use restrictions (the “Use Restrictions”). The Use Restrictions include, but ‘re not limited to, restrictions that: prohibit rents from exceeding 50% of Median Area Income CMAP") adjusted for unit size, limit occupaney to households eaming no more than 60% of MAI adjusted for household size, and limit occupancy of designated Special Needs units to households that have special needs; and WHEREAS, upon the termination of the Company and Grantee’s purchase of the Property in accordance with this Agreement, Grantee desires to provide for the continuation of the Project as low-income housing and the operation of the Property in accordance with the Use Restrictions, NOW, THEREFORE, the parties hereby agree as follows: 1. Grant of Option, ‘The Company hereby grants to Grantee an option (the “Option” to purchase the Property on the terms and conditions set forth in this Agreement and subject to the conditions precedent to exercise of the Option specified herein. 2. Grant of Refusal Right, The Company will not sell the Property or any portion thereof without first providing the Grantee with a written notice (the “Notice of Refusal Right”) offering to the Grantee a right of first refusal to purchase the Property (the “Refusal Right”) onthe terms and conditions set forth in this Agreement and subject to the conditions precedent to exercise of the Refusal Right specified herein. 3. Conditions Precedent. In addition to all other applicable conditions set forth in this Agreement, the foregoing grants of the Option and Refusal Right shall be effective only if Grantee is currently and remains at all times hereafter, until the Option or Refusal Right has been exercised and the resulting purchase and sale has been closed, a qualified nonprofit organization, ‘as defined in Section 42(h)(5\(C) of the Intemal Revenue Code of 1986, as amended (the “Code”). 4. srchase Price Under Option or Refusal Right. The purchase price under the Option or Refusal right shall be the sum of (a) an amount sufficient to pay all debts, including loans from the General Partner, Limited Partner, or affiliates thereof (collectively referred to as “Members"), and liabilities of the Company upon its termination and liquidation as projected to occur immediately following the sale pursuant to the Option, and (b) an amount sufficient 10 distribute to the Partners, pursuant to the Company Agreement, cash proceeds equal to the stale, local and federal taxes projected by the Company to be imposed on the Members as a result of the sale of the Property pursuant to the Option. Upon notice by Grantee of its intent to exercise the Option or the Refusal Right, the Company and Grantee shall exercise best efforts in good faith to agree on the purchase price in accordance with this Paragraph 4. If the parties cannot agree on a price in accordance with this Paragraph 4, the auditing firm responsible for auditing the Project as of the close of the most recent fiscal year shall be engaged to determine a price pursuant to this Paragraph 4, which shall become the final purchase price. 5, Exercise of Option of Refusal Right, The Option or the Refusal Right may be exercised by Grantee by (@) giving written notice of its intent to exercise the Option or the Refusal Right to the Company and each of its Partners in compliance with the requirements of this Paragraph 5, (b) complying with the contract and closing requirements of Paragraph 6 hereof, and (c) otherwise complying with the terms and provisions of this Agreement. Any such notice of intent to exercise the Option shall be given, if at all, the last twelve (12) months of the fifteen (15) year compliance period for the low-income housing tax oredit for the Property (the “Compliance Period”) as determined under Section 42(i)() of the Code. Any such notice of intent to exercise the Refusal Right shall be given, if at all, within ninety (90) days after Grantee has received the Company's Notice of Refusal Right pursuant to Paragraph 2 hereof. In either case, the notice of intent shall specify a closing date within one hundred eighty (180) days immediately following the expiration of the Compliance Period. If the foregoing requirements are not met as provided herein, the Option and/or the Refusal Right, as applicable, shall expire and be of no further force or effect. 6. Contract and Closing. Upon determination of the purchase price for the Property, the Company and Grantee shall enter into a written contract for an “as is” purchase and sale of the Property, as the case may be, in accordance with this Agreement and containing such other terms and conditions as are standard and customary for similar commercial transactions in ‘the geographic area which the property is located, providing for a closing date (“Closing Date”) not earlier than the expiration of the Compliance Period, and not later than the date specified in Grantee’s notice of intent to exercise the Option or the Refusal Right, as applicable, or thirty (30)days after the purchase price has been determined, whichever is later. In the absence of any such contract, this Agreement shall be specifically enforceable by the Company or Grantee upon Graniee’s exercise of the Option or the Refusal Right, as applicable. 7. Assignment. Grantee may assign all or any of its rights under this Agreement to (@) a qualified nonprofit organization, as defined in Section 42(h) (5) (©) of the Code, (b) a government agency, or (c) a tenant organization (in cooperative form or otherwise) or resident management corporation of the Project Property (each a "Permitted Assignee") that demonstrates its ability and willingness to maintain the Project Property as low-income housing in accordance with the Use Restrictions, and subject in any event to the conditions precedent to the Refusal Right grant and the Option price set forth in Sections 2 and 3 hereof. Prior to any assignment or proposed assignment of its rights hereunder, Grantee shall give written notice thereof to the ‘Company and the General Member. Upon any permitted assignment hereunder, references in this ‘Agreement to Grantee shall mean the permitted Assignee where the context so requires, subject to all applicable conditions to the effectiveness of the tights granted under this Agreement and so assigned. No assignment of Grantee's rights hereunder shall be effective unless and until the permitted Assignee enters into a written agreement accepting the assignment and assuming all of Grantee's obligations under this Agreement. Except as specifically permitted herein, Grantee's rights hereunder shall not be assignable 8. Miscellaneous. This Agreement shall be liberally construed in accordance with the laws of the Commonwealth of Virginia in order fo effectuate the purposes of this Agreement. This Agreement may be executed in counterpart signature pages, which together shall constitute asingle agreement, IN WITNESS WHEREOF, the parties have executed this document as of the date first set forth hereinabove. In Witness Whereof, the parties have executed this document as of the date first set forth hereinabove. [Signatures and Notarial Certifications on Following Pages}COMPANY: ‘VIRGINIA BEACH-FRIENDSHIP VILLAGE, LLC A Virginia limited liability company By Friendship Village Development Associates, LLC ‘A Virginia limited liability company Its Member-Manager By Friendship Village II, Inc., A Virginia corporation, Its Managing member COMMONWEALTH OF VIRGINIA) <€ILY/DOUNTY OF Kichon! ) L in__, & Notary Public in and for said City/County in the Commonwealth afor do hereby certify that Sohn Henry, Vice Prestbdbt Friendship Village Il, Inc. a Virginia Corporation and Managing Member of Friendship Village Development Associates, LLC a Virginia limited liability company, personally known to me to bbe the same person whose name is subscribed to the foregoing instrument as such officer, appeared before me this day in person and acknowledged that he signed and delivered such instrument as his own free and voluntary act, and as the free and voluntary act of the Company known as Virginia Beach-Friendship Village, LLC on behalf of which said Company Friendship Village Development Associates, LLC has executed the foregoing instrument as Sole and Managing Member, all for the uses and purposes set forth therein. Given under my hand and notarial seal on g% 2009 My Notarial Certification Numberis:_ 701/033 My Commission Expires: /2.3/. 20/0GRANTEE: COMMUNITY HOUSING PARTNERS CORPORATION A Virginia nonstock corporation COMMONWEALTH OF VIRGINIA) Gaxmounty or Richmond } 1, h Dpvtbr., a Notary Public in and for said City/County in the Commonwealth aforegaid, do hereby certify that Jo/ » Vice frstdaré of Community Housing Partners Corporation, a Virginia nonstock corpération, personally known to me to be the same person whose name is subscribed to the foregoing instrument as such officer, appeared before me this day in person and acknowledged that he/she signed and delivered such instrument as his/her own fiee and voluntary act, and as the free and voluntary act of the corporation. Given under my hand and notarial seal on Mey 1Y%_, 2009 Notary Publi My Notarial Certification Number is: lO 3B> ‘My Commission Expires: _/ 2. 24. 26/6EXHIBIT A PROPERTY DESCRIPTION [INSERT PROPERTY DESCRIPTION]EXHIBIT B DESCRIPTION OF REGULATORY AGREEMENT Title: Extended Use Regulatory Agreement and Declaration of Restrictive Covenants Parties: Virginia Beach-Friendship Village, LLC Virginia Housing Development Authority Recording Information:TAB W (Original Attorney’s Opinion)TAB Y (Marketing Plan for units meeting accessibility requirements of HUD section 504)TabY Marketing Plan — Persons with Disabilities Friendship Village [As part ofits plan to purchase and rehabilitate Friendship Village, CHPC plans to adapt six of the units to serve persons with physical disabilities. These units will all have roll- in showers. Two units will be equipped for hearing and sight accessibility. This set- aside will meet Section 504 requirements, Fair Housing requirements, and will qualify this application for LIHTC points for accessibility of 5% of the units. Further, Section 8 Assistance will be provided for the eleven households occupying these units, insuring that those who need a specially equipped apartment can afford one. Those units set aside for persons with disabilities will be held vacant as long as it takes to find qualified applicants. If any of the units become vacant after initial occupancy they will again be marketed as set-aside units, In an effort to determine the market for these units, CHPC contacted the Virginia Beach Community Services Board to discuss the need for these units. Cris Bollin, a Director of the CSB of VA Beach indicated that the accessible units would be a great new resource for her clients, She indicated that demand in the area was very high and the addition of new accessible units would be a great new resource. We also spoke to Michael Shank of the Virginia Division of Mental Health. He indicated that as a result of the Olmstead Act the states and local jurisdictions remain under pressure to provide treatment for the mentally and physically disabled in the least restrictive setting possible and that the addition of accessible units within the State of Virginia is a real benefit to providers efforts to comply with the law. We also talked with Alexis Zoss the Director of the Mental Health and Substance Abuse center for Virginia Beach, she indicated that the need for both disabled housing and housing for mentally disabled was great and any new units that could be provided would be quickly filled. ‘We also talked with Rokel Tabb of the Department of Housing and Neighborhood Preservation of Virginia Beach. Their office maintains the local Section 8 Housing Choice Voucher Program Waiting List and has broken that list down to indicate how many persons with disabilities are awaiting housing. Currently 14 people with disabilities are on that waiting list. We contacted Vandtoria Clay, Executive Director of the Endependce Center to obtain additional local information. She stated that there is a continuing need for affordable and accessible housing in Virginia Beach. We also contacted Lisa Grubb, Executive Director of the Statewide Independent Living Council. She provided us with general 2000 Census materials that indicated that 18.1% of the citizens of the Commonwealth ages 5 and older have some type of disability. Of these 7.8% have a physical disability and 3.3% have a sensory disability. Our marketing efforts for these units will consist of the following actions:We will work closely with Endependce Center of VA Beach to identify potential tenants that will qualify for these units. The Revised Core Services Taxonomy 6 provides for Supportive Residential Services (581) that may include Supported Living Arrangements and Housing Subsidies. Again, working through the local Community Services Board we will notify any local advocacy groups that are based in the Virginia Beach area that eleven handicapped accessible units (9 physically accessible and 2 hearing and sight accessible) are available. ‘We will contact statewide advocacy groups such as The Arc of Virginia, The ‘Mental Health Association in Virginia, and the Virginia Chapter of the National Alliance for the Mentally Ill to make them aware of the availability of the units. We will participate in VHDA’s Listing of Accessible Rental Units at their website,VHDA Locality Notification Information FormFriendship Vilage / Vegiia Booen a Locality Notification Information Form VHDA. PART - INSTRUCTIONS: Section 42 (en){1)(A){i) oF the intemal Revenue Code requires allocating agencies fo notify "the Chief Executive Officer (CEO) or equivalent of the local jurisdiction within which the building is ocated and provide such individual a reasonaiole opportunity to comment on the development.” VDA uses information you provide in this form to comply with this requitement. If your development overlaps two or more jurisdictions, You ate required to submit this form for each. New in 20091 In acicition to contecting the Locality CEO, VHDA will also be contacting the Mayor or Chairman of the Board of Supervisors. tis probable that each position will have @ separale mailing address. Although VHDA prepares the documents sent fo each locailty, we rely on you, the developer/Applicant, to ‘provide us with key information, including the name of the locailly having jurisdiction over the development, names, addresses end salutations, as well as @ summary of basic development information. Ifyou already have c local suppor letter, you can include it wth the application at TAB |. However, you must sill complete this form and submit it1o VHDA or the application for this development wil be penalized 50 points! For information about adcitional points associated with receiving @ Support Letlet from the local jurisdiction, please refer to the Apolicaiion Manual. Developers seeking toxexemat bond 4% creas or Non-Competitive 9% credits, shouid submit this form at least 30 days prior fo submission of the tax credit application, 50-Potnt Penalty: Failure to complete and submit this form prior fo 5:00 p.m. EST time on March 25, 2009 wil result in SO-point penatly (-50 points) for any opplication submitted in connection with the 2009 competitive tax crecits Delivery of Electronic Copy of this form to VHDA: via e-mail to [email protected]. E-mail only one form at «time! Ifyou Use this e-mail option, you willreceive an auto reply message confirming "message received." The system DOES NOT confitm that an attachment nas been received. yl 1e9uier mail fon ©} to: VHDA Tex Credit Allocation Department c/o Debbie Griner 60) S. Belvidere Street Richmond, VA 28220-6500 VHDA Contact Information: Call Debbie Griner at 804-343-5518 it you hove quastions about completing this form, Locally Notification Information FormFendsip Viloge / VigiiaBeach PART Il- CEO & JURISDICTION INFORMATION Plaate read INSTRUCTIONS obove caretuly before competing the following sections A. Chiet Executive Officer (CEO) Information Nome of CEO: Job Tite: Local Jurssiction: -Maling Address/?.0. Box: Suite/Room # et appcste iy Slate up: Salutation: somes K Spore “FesNome Ad Taal tas Nor ‘ek the fa name of he City Manoger. Town Manager, County Actiioter, Cet Aeminatve Ofer execune Ofer ee ‘chy Manager ‘og ‘ly Manager. Toon Manager “Covnly Adrunbbalor ecole Olfcer Chel ‘ehictotve Olfcer, ot. yor Viginia Beach Bq Giyol. TommotreT — 1CouiF 2401 Courthouse Ox, Municipal Center Bulcing 1 “hiss the malig acres of he CEO cncimay nt alwys be he same os he physical odes ‘tne couture, own ok mxicpa bara, cly hoe. lease double check he odes, Betereontonns. 236 Vegino Beach VA. 256 ‘Wisp code rant conespon oe 0. Box soot aos fo! you ote ung, Note Zp codes {orP.0. bones cre wt Sten Fors ep codes rhe soe oes. Me ‘25, The HORII WE fn Ms ove ', Mayor of Chairman of the Boord of Supervisors information Nome: Job Tile: Local Jursfcton: Maling Addtess/P.0. Box: Suite/Room # tropotcabe iy Stale tp: Salutation: Wiliam B. Sessoms Fistiome ‘Midis al Tas Name mayor "heya GP Chalinan ale Boa ol Sanaa City of Vigiria Beach 2401 Courthouse Or, Municbal Center Buiing 1 This he malng oases forthe Mayor er Chatman of ie Boers of Suparvos car erent enzo nodes Meare dove chect Ine acdres before ening. 2a igh Beach VA 23086 be uxt the do code you sick up coresnends fo the PO. Socorshest exes that you ae ng. Note Jp codes toro bowers unioly ferent he lp codes or reset adres The Honorable “2.5 The Honor ET Mes!" Rev. Locality Notiication information FonFriendship Vilage / Vigne Beach . Jurisdiction Detail CCrcult Court Clerks offs in which the deed tothe property's or wil be recorded: Yeginia Beach ‘cayiCouniy oes the ste averop one or merejuisdictonal boundies®? Cl Yes [ZINo tyes, ode the nomes of ‘ne otheriuticstion(s) here GiysCouniy of ‘Giyicarty oF Developmen locatedin a Metropolitan Statistical Area (MSA)? ver CNo Developments Census Tract: 4a. Cara roel Nomber lethie@ Quattied Consus Wrocte yes No Is he development located ina Dticut Development Area? O ves Isthe development located in a revtoizaton crea? O ver Congressional Dict 2 tei sole voua/conorss!2001PDFdchanriok nd Planring Dislct Be tie wunmocis oolabodosshinsPOCHMNoR State Senote Disct 7 nuttin vouslseone/ 7091 PD Chap Zink ast State House Ditict a Hus £ toca Planning/Toning Contact Info: Best Perionto Contact: Sharon Prescott “Fis he pasion wi wom Youve prevoa spoken about the development and whom eon ‘swe enseated question em he CEO. Job Tits Housing Development Administrator 1g. Dreclor ot Horning, Haniiig AGRIC? ating AATF RVGTOT eT ‘Contoct Phone: (057) 3855750, PART Ill - DEVELOPMENT INFORMATION, Proposed Developmen! Nome: Fiendship Vitoge “Tsie orang nara ol your dovelopmon! Proposed Development Adakess: 1235 Corver Ave \irgria Beach va, 23451 Greetagren SCY siate i HDA Tex Crecit Poot Tidewater MSA In the space below. give a brief description of the proposed development [Unis range For one lo five bedrooms, and ore rent subndled wn projech Based HAP Coriract, We propose forehabilicie nen unis adang new kitchens, windows, HVAC, and balivooms, Pldns include ackievewg Earhcralt certfeation on the rene. Development Type: family er Elderly) Far Deserve archtiectura Sve ‘Soren cra orrrone Descibe Exe Fish: Re Desoribe Communty Factor ‘Commonly om, Neghbarhood Nelwors, piararound 1. Ute: Number of low-income units no # bedrooms ‘Blowincome Units aE Number ofmew unis # bedroom Number of adoplive reuse uits 3 bacroome: Nomeer or¥enapatation unis 71 # bacrcoms Total numberof all units = Total € beckooms 2.Roor Area: Gros Resentcl Foor Aveo. 97835 Commercial lone Ares) Lowincome Floor rea es %lowincome Unt Boor Area TOR 3. Number/Age of Buildings Number af sulsngs 20 Age of Bula) 2 Number ofstodes: 2 4 Siuctural Features (check ol thal apply Row Hovso/Townhouse Garden Apartments 1D sab on Geode detached singlefomiy Detached Two-forily DB Basement B aevaior 1B crow! space 5. Building ystems: Describe Heating ACSyster: _Elciic heat pump Locality Notiication Information FormFiencthip Vilage / Vigiria Boach PART IV - OWNER & SELLER INFORMATION A. Owner Information ‘Owner Nome: Viginia Beoch -Fendiip Vilage, LC Phone: 04249-7201 Bett Peron to Contact: ‘Giiorele ize Shee! Acres: TOO W. Frankie GSTS IO ity, State & Zip: Jenmond VA Sy Sie 7 ype of entity: 1D tinted Padnestin = Other DB ividuors) Corporation LUstofPancipal. Use the following of « guide to sting principal. |.tf Partnership (owner of otherwite) all GPs, ogorces off interest in GP 2.Wan We cll members regardless of interest 3.tha Corporation (public or private), Orgonizalion or Governmental Enlily -otfcers who ore crecly sponsible to the Boord of Director for equvalent) and any stockholder having 0 25% or more interest 2 tha Tt oll pesons having 0 25% or more beneiciol onnecship interest in the asta of he st 5.tfan individual (owner or otherwise) - anyones having @ 25% or mare awnesship interest ofthe nomed individ 6. Any Person thot Diecily or Inlrctly Controls or Hos the Power to Control a Pincipal Nomes Phone Type of Ownorship Ownership Janako Cosper for CHP 5382-2002 Monaging General Pastner si Brow ten 207-457 8230 ‘GeneraiPatiner 2 “Tei Mura FO S0F 7200 Sensral Partner ms 8. Seller Information: Seller Nome: Fleadshio Viloge limited Parinoshio Seller Prone: ‘i032 2002 Street Adress: 3830 Cambio SNE iy, State & Zo: “Chan yg VR ‘ciy aie te ls there anidentty of interest behwoen tho soler and owner/appicante the rolowing: Nature of deny of interest () GenecalPariner “ea general poring managing ember conioingapoTHCTaaY Te yes Ono ihyes, complete: Name Community Housing Pariners. ne. Street Adcass 350 Gambia SL NE ity, State & Zp: Chesienbu. Ve 2S ay 08 7 Note of entity of infers (2 “Tia gene patie manoaine MaRBS. CATES HOTPOINT Te Nome ‘Sheet Adctess iy, Sloe & Zo: oF ae ie Locally Notifcation intrmation Fora