2012-038FarmHills2GORA

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					       Georgia Department of Community Affairs                                                                                                                             Office of Affordable Housing
                                             2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
           Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                         Included
Tab   Required Application Binder Tabs                         Required Tab Contents and Specified Order                                                                                                                  in App
Nbr                                                                                                                                                                                                                       Binder

                                                               Completed Application Tabs Checklist                                                                                                                       Yes
                                                               Completed Core Application (Parts I through IX-A)                                                                                                          Yes
      CORE QAP DOCUMENTATION
1 Project Overview                                             Project Narrative / Project Concept (printed from electronic Core Application)                                                                             Yes
                                                               Superior Project Concept Narrative (printed from electronic Core Application Part IX-B)                                                                    No
                                                               Superior Project Concept supporting documentation                                                                                                          No
                                                               Application Certification Letter (Tab X of electronic Core Application)                                                                                    Yes
                                                               Copy of Tax Exempt Bond Inducement Resolution, if applicable                                                                                               No
                                                               Master Planned Community Documentation                                                                                                                     Yes
                                                               Public Benefits Affidavit                                                                                                                                  Yes
                                                               Public Benefits Affidavit secure and verifiable documentation                                                                                              Yes
2 Set Asides
         Rural Set Aside                                       Documents from USDA indicating project is located in rural area (if applicable)                                                                            Yes
         Special Needs Set Aside                               DCA Designation for Special Needs Set Aside                                                                                                                No
         Preservation Set Aside                              IRS Forms 8609 for first and final years of credit period                                                                                                    No
                                                             Legal opinion that project will meet for the 15 year compliance period requirement specified for the Preservation Set-Aside                                  No
                                                             Replacement housing factor (RHF) funds documents                                                                                                             No
                                                             Project Based Section 8 contract (Original and Renewal)                                                                                                      No
                                                             HUD Section 236 decoupling documents                                                                                                                         No
                                                             Narrative and Documentation supporting project's qualification for "Significant Community Value" Add-On points                                               No
                                   Expiring LIHTC Properties Partnership’s tax returns for the first and last years in which credits were claimed, along with the appropriate IRS Forms 8609 attached                     No
                                   HUD Properties            Documentation from HUD specifying the projects High Priority designation                                                                                     No
                                                             HUD Designation as Preservation Property in danger of losing affordability                                                                                   No
         Non-Profit Set Aside                                  IRS Tax-Exempt Status Determination Letter                                                                                                                 No
                                                               Secretary of State Certification of Nonprofit Status                                                                                                       No
                                                               General Partnership Joint Venture Agreement if applicable                                                                                                  No
                                                               Legal Opinion regarding nonprofit tax-exempt qualification status (and documentation stating nonprofit's by-laws have not changed since opinion was        No
                                                               issued, if opinion was previously obtained)
                                                               Documentation of ALL Nonprofit's ownership interest                                                                                                        No
                                                               Board of Directors information: name, address, phone, occupation, positions                                                                                No
                                                               Development Agreement                                                                                                                                      No
                                                               By-laws or Articles of Incorporation for Non Profit                                                                                                        No
                                   CHDO                        Copy of State CHDO Pre-qualification or Renewal Letter if requesting DCA HOME funds                                                                        No
                                                               Evidence of CHDO Predevelopment Loan if requesting DCA HOME funds from CHDO set aside                                                                      No
                                                               Evidence that project is within CHDO service area if requesting DCA HOME funds from CHDO set aside                                                         No
                                                               Copy of the general partnership/joint venture agreement indicating the CHDO’s general partnership interest and its share (or the share of the wholly       No
                                                               owned and controlled affiliate) of the Developer Fee


       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                   Application Tabs Checklist                                                                                       1 of 83
        Georgia Department of Community Affairs                                                                                                                                  Office of Affordable Housing
                                                  2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
             Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                              Included
Tab   Required Application Binder Tabs                              Required Tab Contents and Specified Order                                                                                                                  in App
Nbr                                                                                                                                                                                                                            Binder

3 Project Participants*                                            DCA Pre-determination of proposed Project Team Qualifications                                                                                               No
          General                                                  Approved Performance Workbook for all project participants                                                                                                  No
                                                                   General Partner Organization Documents Including Operating Agreement                                                                                        Yes
                                                                   Documentation that organizational entities are registered to do business in Georgia                                                                         No
                                                                   Developer Organization Documents                                                                                                                            Yes
                                                                   All Partnership and Consulting Agreements Between Project Participants                                                                                      Yes
          Qualifications for Project Team (Performance and         Development fee sharing arrangements                                                                                                                        No
          Compliance)                                              Guarantor agreements                                                                                                                                        No
                                                                   Documentation of all pending litigation                                                                                                                     No
          Capacity Building for Industry Professionals            Evidence of full time employment in the Tax credit industry for a minimum period of five years                                                               No
                                                                  Evidence of material participation in the successful development of at least two Tax Credit projects during that period. (Ownership interest is not          No
                                                                  Statement Confirming No participation in adverse development                                                                                                 No
                                                                  Complete resume                                                                                                                                              No
                                                                  Completed release to allow DCA to perform a personal credit check and a criminal background check                                                            No
                                                                  Business Plan which outlines how the Project Team will address different areas required for successful development of tax credit project.                    No
                                                                  Evidence of sufficient liquidity to attract syndication either through the assets of the project team or through a guarantor may also be required.           No
                                                                  Narrative of proposed project and organizational structure                                                                                                   No
      * Documentation submitted as part of the Pre-Application process does not have to be resubmitted provided there has been no change to the organizational structure.

4 Waivers/Preapprovals (Non financial)                             Architectural Standards Waiver Pre-Approval                                                                                                                 No
                                                                   Amenities Pre-Approval                                                                                                                                      No
                                                                   Sustainable Communities Pre-Approval                                                                                                                        No
                                                                   Noise Waiver                                                                                                                                                No
                                                                   DCA Operating Expense Waiver Approval                                                                                                                       No
                                                                   Payment & Performance Bond Waiver                                                                                                                           No
                                                                   Scattered Sites Pre-Approval                                                                                                                                No
                                                                   Other Waiver Approval                                                                                                                                       No
                                                                   Other Pre-Approval                                                                                                                                          No
      THRESHOLD DOCUMENTATION
5 Financing Commitments                                            Preliminary Financing Commitments - Debt, Equity, Historic Rehab Credits & Grants (if applicable)                                                           Yes
                                                                   USDA documentation, if applicable                                                                                                                           No
                                                                   CDBG documentation, if applicable                                                                                                                           No
                                                                   NSP Reservation and commitments, if applicable                                                                                                              No
                                                                   AHP Commitment and loan documents, if applicable                                                                                                            No
                                                                   Permanent Supportive Housing commitment                                                                                                                     No
                                                                   Documentation of Applicable Index Rate (for interest rates tied to an index), if applicable                                                                 Yes
                                                                   DCA HOME Loan consent pursuant to the pre-application process, if applicable                                                                                No




        381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                       Application Tabs Checklist                                                                                       2 of 83
       Georgia Department of Community Affairs                                                                                                                         Office of Affordable Housing
                                            2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
          Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                     Included
Tab   Required Application Binder Tabs                    Required Tab Contents and Specified Order                                                                                                                   in App
Nbr                                                                                                                                                                                                                   Binder
                                                          Operating Subsidy Agreements, if applicable                                                                                                                 No
                                                          HUD Under Consideration Letter & Lender Preliminary Commitment for HUD 221(d)3 or (d)4 Program, if applicable                                               No
                                                          HUD Invitation to Submit, if applicable                                                                                                                     No
                                                          Tax Abatement documentation, if applicable                                                                                                                  No
                                                          Evidence of PBRA Agreements, if applicable                                                                                                                  No
                                                          Support Documentation for Tax Exemption                                                                                                                     No
                                                          Alternate Financing Commitments, if applicable, due on or before 7/27/12.                                                                                   No
                                                          Other Financing Commitments                                                                                                                                 No
        Leveraging of Resources
                                  Off Site Improvement,   Commitment of Funds meeting DCA requirements                                                                                                                No
                                  Amenity and Facility    Description and location of improvements on site map                                                                                                        No
                                  Investment              Narrative that includes benefit specific to the tenant base                                                                                                 No

6 Assumption of Existing Debt (if applicable)             Estoppel Letter from Lender containing certifications required relating to assumption of existing debt                                                      No
                                                          Copy of Original Promissory Note and Amendments                                                                                                             No
                                                          Copy of Original Loan Agreement and Amendments                                                                                                              No
                                                          Copy of Original Security Instruments                                                                                                                       No

7 Operating Utility Allowance (UA)                        Current utility allowance schedule from applicable utility provider to be used by project                                                                   Yes

8 Additional Feasibility documents                        Documentation back up for construction costs (i.e., Schedule of Values), insurance and taxes                                                                Yes
                                                          Request for State-Designated Basis Boost and supporting documentation                                                                                       Yes
                                                          Three years of audited operating statements                                                                                                                 Yes

9 Site Control                                            Executed Warranty Deed, legally binding Sales Option Contract, a binding long-term ground lease or option for a binding long-term ground lease              Yes
                                                          Legal Description of Property                                                                                                                               Yes
                                                          HOME Contract Addendum (If applicable)/or right to withdraw                                                                                                 No

10 Site Access                                            Appropriate drawings, survey and other documents reflecting paved roads                                                                                     Yes
                                                          Local Govt commitment for funding of paved roads, and timetable if applicable                                                                               No
                                                          Proof of ownership or executed easement of a private drive, if applicable                                                                                   Yes
                                                          Plans and costs for paving private drive, including associated development costs, if applicable                                                             No

11 Site Zoning                                            Letter from authorized Local Government Official that details zoning, land use classification and conditions of zoning, explanation of requirements, and    Yes
                                                          any conditions of zoning and classification.
                                                          Copy of applicable sections of zoning ordinance for stated classification                                                                                   Yes




       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                               Application Tabs Checklist                                                                                      3 of 83
       Georgia Department of Community Affairs                                                                                                                        Office of Affordable Housing
                                          2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
          Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
   This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
                Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                    Included
Tab   Required Application Binder Tabs                   Required Tab Contents and Specified Order                                                                                                                   in App
Nbr                                                                                                                                                                                                                  Binder

12 Operating Utility original letters:                   Evidence of easements and commitments from utility providersnecessary to extend utilities to the propertiy (if applicable)                                  No
                                                         Letter of availability and capacity from local Natural Gas provider                                                                                         No
                                                         Public Water/Sewer Requirement Waiver Approval                                                                                                              No
                                                         Letter of availability and capacity from proposed local Electricity provider                                                                                Yes
                                                         Letter of availability and capacity from local public water authority                                                                                       Yes
                                                         Letter of availability and capacity from local public sewer authority                                                                                       Yes
                                                         Verification of Annexation and Improvements (if applicable)                                                                                                 No
13 Local Government Support and Community                Evidence of public meetings and presentations regarding the proposed project to local government and residents of the community                             Yes
   Engagement                                            Resolutions of support or letters of support from local government officials (may be included, but are not required)                                        Yes
                                                         Other (Explain in "Other" tab section at end of this checklist)                                                                                             N/a

14 Rehabilitation Standards                              Physical Needs Assessment (See Rehabilitation Guide in Architectural Manual)                                                                                No
   (Rehab projects)                                      Rehabilitation Work Scope                                                                                                                                   No

15 Site Info and Development Plan                        Location and Vicinity Map (all parcels for a scattered site must be indicated)                                                                              Yes
   (All Projects New AND Rehab)                          Conceptual Site Development Plan of the property                                                                                                            Yes
                                                         Site Maps & Photographs (photos must be color in all copies)                                                                                                Yes
                                                         Aerial Photos of proposed site                                                                                                                              Yes
16 Additional HOME/HUD Requirements                      Site & Neighborhood Standards documentation                                                                                                                 No
                                                         US Census Tract documentation                                                                                                                               No
                                                         Certification for Contracts, Loans and Cooperative Agreements                                                                                               No
                                                         Disclosure of Lobbying Activities                                                                                                                           No
                                                         Applicant / Recipient Disclosure / Update Report                                                                                                            No
                                                         MBE / WBE Outreach Plan Guide form                                                                                                                          No
                                                         Affirmative Fair Housing Marketing Plan                                                                                                                     No
                                                         Copy of all documents relating to the different standards of review                                                                                         No

17 Required Legal Opinions                               LIHTC Legal Opinion as to Project Qualification for Acquisition Credits                                                                                     No
                                                         Legal Opinion for Assisted Living (as applicable)                                                                                                           No
                                                         Legal opinion for scattered site projects. The legal opinion should address the proposed site plan and must be included as part of the opinion              No
                                                         Other legal (Explain in "Other" tab section at end of this checklist)                                                                                       No




       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                              Application Tabs Checklist                                                                                       4 of 83
       Georgia Department of Community Affairs                                                                                                                           Office of Affordable Housing
                                         2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
          Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                        Included
Tab   Required Application Binder Tabs                   Required Tab Contents and Specified Order                                                                                                                       in App
Nbr                                                                                                                                                                                                                      Binder

18 Relocation (if applicable)                            Relocation Displacement Spreadsheet                                                                                                                             No
                                                         Detailed Project-Specific Displacement/Relocation Plan and Budget                                                                                               No
                                                         Multifamily Tenant Relocation Plan Certification                                                                                                                No
                                                         Temporary Relocation Cost Estimate                                                                                                                              No
                                                         General Info Notice for Occupants at Time of App / Proof of Delivery                                                                                            No
                                                         Occupancy History                                                                                                                                               No
                                                         Site Map of Property                                                                                                                                            No
                                                         Tenant Household Data Forms                                                                                                                                     No
                                                         Site Relocation Survey                                                                                                                                          No
      SCORING DOCUMENTATION
19 Desirable / Undesirable Characteristics               Desirable/Undesirable Form                                                                                                                                      Yes
                                                         A site map indicating the specific locations of each desirable and undesirable activity/ characteristics                                                        Yes
                                                         Photographs of the desirable and undesirable activities/characteristics                                                                                         Yes
                                                         Documentation from the owner of the site on which the undesirable condition exists or from a third party government source documenting how such                 No
                                                         change will occur and the time frame
                                                         Documentation that evidences the desirable activity/characteristic that will be located in sites under construction (if characteristic is a high-performance    No
                                                         elementary school, this includes: school name, local school district contact information, and copy of school's most recent Georgia Education
                                                         Scoreboard results.)

20 Community Transportation Options                      Map showing the location of the transit stop in relation to the proposed development site                                                                       Yes
                                                         Documentation from transit authority showing relevant bus route and schedule                                                                                    Yes
21 Adaptive Re-Use                                       Documentation on the previous use of the building                                                                                                               No
                                                         Photographs of the building that is to be reused                                                                                                                No
                                                         Documentation of whether or not the building is occupied                                                                                                        No
                                                         Narrative of how building will be reused                                                                                                                        No

22 Brownfield                                            Evidence of designation as a Brownfield site                                                                                                                    No
                                                         Opinion letter from either an attorney, PE or PG that the property appears to meet requirements for issuance of EPD Letter of No Further Action or              No
                                                         Limitation of Liability
                                                         Proposed scope of work for clean up of a site                                                                                                                   No
                                                         Detailed budget for clean up                                                                                                                                    No
                                                         Time line for clean up of the site                                                                                                                              No

23 Sustainable Communities Certification                 Copy of an executed EarthCraft Communities Memorandum of Participation for the development where the project is located                                         No
                                                         Narrative as to how the Memorandum is applicable to the project (if Memorandum of Participation is not signed by the Applicant).                                No
                                                         Draft scoring sheet for the development that includes the minimum score under the program to qualify for the designation and the master site plan               No
                                                         Documentation of the project’s registration in the LEED database.                                                                                               No



       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                              Application Tabs Checklist                                                                                          5 of 83
       Georgia Department of Community Affairs                                                                                                                         Office of Affordable Housing
                                           2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
          Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                                    Included
Tab   Required Application Binder Tabs                   Required Tab Contents and Specified Order                                                                                                                   in App
Nbr                                                                                                                                                                                                                  Binder

24 Sustainable Building Certification                    Draft scoring sheet for the development that includes the minimum score under the program to qualify for the designation.                                   Yes
                                                         Certificate of Participation in Southface’s green building for affordable housing training course completed by a direct employee of the project owner       Yes
                                                         dated 2011 or 2012

25 Stable Communitities                                  Each page of FFIEC census demonstrating project meets requirements                                                                                          Yes

26 Community Redevelopment /Revitalization Plans and Strategies
        HOPE VI or CHOICE Neighborhoods Initiatives      A copy of the HOPE VI or Choice Neighborhoods Revitalization Grant Assistance Award (form HUD-1044) identifying funded PHA and amount                       No
                                                         Additional documentation reflecting the time limits for use of the HOPE VI or Choice Neighborhoods funds                                                    No
                                                         A certification letter from the Executive Director of the identified PHA                                                                                    No
                                                         A copy of the HUD approved Revitalization Plan.                                                                                                             No
        Statutory Redevelopment Plans                    Copy of the Plan                                                                                                                                            No
                                                         Website address where information regarding the plan can be located                                                                                         No
                                                         Copy of Resolution(s) adopting the Plan according to requirements of statute                                                                                No
                                                         Documentation of Public Hearing and Publication if required by statute                                                                                      No
                                                         Documentation that Plan is current, ongoing and directly affects the site                                                                                   No
        Redevelopment Zones                              Copy of Resolution adopting the state enterprise zone                                                                                                       No
                                                         Documentation evidencing that the proposed site is located in a QCT/DDA                                                                                     No
        Local Redevelopment Plans                        DCA Neighborhood Redevelopment Certification Form                                                                                                           No
                                                         Documentation of the process the government used for developing and adopting the plan                                                                       No
                                                         Details regarding community input and public hearings held prior to the adoption of the plan                                                                No
                                                         Copy of the entire plan                                                                                                                                     No
                                                         Evidence of adoption                                                                                                                                        No
                                                         Map of area targeted by plan identifying location of project                                                                                                No

27 Tenant Ownership                                      Copy of Strategy meeting requirements                                                                                                                       No

28 DCA Community Initiatives                             Letter executed by Official Representative                                                                                                                  No

29 Historic Designation                                  Copy of the Georgia DNR-HPD and NPS approved Part 1, Part 2 and, if applying, the Georgia-approved Part A                                                   No
                                                         Copy of Georgia DNR-HPD and NPS approved Part 1 - Evaluation of Significance                                                                                No
                                                         Copy of preliminary equity commitment for federal and Georgia historic rehab credits and such equity must be included as part of the project funding        No
                                                         sources




       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                             Application Tabs Checklist                                                                                        6 of 83
       Georgia Department of Community Affairs                                                                                                                     Office of Affordable Housing
                                          2012 Application Binder Tabs Checklist For: 2012-038, Farmington Hills, Phase II, Barrow County
          Directions: Place an "X" in the green-shaded boxes beside items secured in the Application Package. Place completed Tabs Checklist in front of Tab 1 in the application binder.
  This tab checklist is formulated to aid applicants in appropriately organizing documentation. It is not meant to be a conclusive list of documentation which is required for an application.
               Applicant's should review the QAP carefully. The application must contain all required documentation which will allow DCA to adequately review each section
                                                                                                                                                                                                   Included
Tab   Required Application Binder Tabs                   Required Tab Contents and Specified Order                                                                                                  in App
Nbr                                                                                                                                                                                                 Binder

30 Other                                                Barrow County Sewer Tap Fees                                                                                                                Yes
      (Provide name of each item and what section it is City of Winder Water Tap Fees                                                                                                               Yes
      needed for)                                       Barrow County Fire Main Fee                                                                                                                 Yes
                                                         Barrow County Building Permit Fee                                                                                                          Yes



31 Market Feasibility                                    Market Study for proposed site                                                                                                             Yes

32 Appraisal                                             Applicant Commissioned Appraisal (if applicable)                                                                                           Yes

33 Environmental Requirements                            Phase I Environmental Study (including all appendices in the format prescribed in the Environmental Manual)                                Yes
                                                         Phase II Environmental Study (if applicable)                                                                                               No

                Note: Additional Forms and Documentation required for the 2012 Application Submittal may be obtained on the DCA website at
                                    http://www.dca.state.ga.us/housing/HousingDevelopment/programs/QAP2012docs.asp




       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                               Application Tabs Checklist                                                                     7 of 83
                                                                                                 Project Narrative
                                                                                             Farmington Hills, Phase II
                                                                                              Winder, Barrow County

* Farmington Hills Phase II is a proposed 72-unit development located in a rural portion of Barrow County in Winder Georgia. The community will be located off of Haymon Morris Road near the intersection of Carl
Bethlehem Rd. The 7.6 acre site is zoned R-3 MPD. Farmington Hills Phase II will add to an already established residential area as. Phase II will border Farmington Hills Phase I which was awarded tax credits in
2010 and is scheduled to open June 15, 2012. Pre-leasing activities are underway. The Winder area has ample shopping near Farmington Hills Phase II by offering a Publix Grocery Store and a Target                      NOTE: Row size may be increased or
department store located in the same shopping center (next door to one another) less than 1 mile away. In addition to the two big box stores mentioned above, Farmington Hills Phase II residents are within one decreased as needed. Press and hold Alt-
mile of a Home Depot, low cost clothing store Belk and Rue 21, a gas station, churches, multiple restaurants and even has a regional medical center. As a family development, Farmington Hills Phase II residents
will enjoy having an elementary school, middle school and high school all less than 1 mile away. This growing area is desirable for the fact that its location is an easy commute to the Atlanta Metro area and Athens
                                                                                                                                                                                                                       Enter to start new paragraphs in the same
Georgia.                                                                                                                                                                                                                                  box.

 Farmington Hills Phase II tenants will benefit from the public transportation stop directly adjacent to the property. The Auburn Neighborhood Transit (ANT) operates a weekday schedule that includes regular, daily
stops at grocery, retail, and medical destinations. The transit vehicle will provide residents inexpensive transportation to area shopping and services. In addition, The ANT will link up with the Gwinett County
Transit System which will provide residents transportaion to their employment and to a variety of industry in the greater Atlanta area.

 All residents of Farmington Hills Phase II must meet income eligibility requirements consistent with the Low Income Housing Tax Credit program. The community will consist of 11 units at 50% AMI and 61 units at
60% AMI. Farmington Hills Phase II will feature 12 one bedroom one bath units with a $489 rent, 36 two bedroom two bath units with a $525 rent and 24 three bedroom 2 bath units at a $620 rent. Farmington
Hills Phase II is in a unique position to add much needed affordable housing to the Winder area. Even with the 2010 award of Phase I, the Phase II Market Study states a capture rate of 10%. The market study
confirms that these proposed rents will address the high demand that currently exists in this market.

The needs of the Farmington Hills Phase II family population will be met in several ways. This project will be an active community with regularly scheduled movie nights, holiday parties, pot luck dinners and more.
By earning a Sustainable Building Certification with Southface Energy Institute, tenants will enjoy lower utility costs. This project will provide tenants with the use of a clubhouse ,equipped playground, on-site
laundry, a covered pavilion with picnic and barbeque facilities and ample greenspace for residents to enjoy.

*Per USDA's eligibility requirements, Farmington Hills Phase II is considered Rural and is qualified for the Rural Set-Aside in the 2012 Georgia QAP.




        2012 Project Narrative                                                                                   381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx                                                                                         8 of 83
              Georgia Department of Community Affairs                                                                          2012 Funding Application                                                          Office of Affordable Housing
                                                PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

Please note:                           Blue-shaded cells are unlocked for your use and do not contain references/formulas.                                                         DCA Use - Project Nbr:
                                       Green-shaded cells are unlocked for your use and do contain references/formulas that can be overwritten.                                          2012-038

I.        DCA RESOURCES                              LIHTC (auto-filled based on later entries)                   $                807,072                                         Pre-App Nbr (if applicable)
                                                     DCA HOME (amount from Consent Form)                          $                      -                                         <<Enter Pre-App Nbr>>

II.       TYPE OF APPLICATION                        Competitive Round                                  Other:
III.      APPLICANT CONTACT FOR APPLICATION REVIEW
          Name                                       Kevin Buckner                                                                                       Title         President
          Address                                    3825 Paces Walk SE, Suite 100                                                                       Direct Line               (678) 324-5550
          City                                       Atlanta                                                                                             Fax                       (678) 324-5561
          State                                      GA                                              Zip+4              30339-4002                       Cellular                  (770) 862-7333
          Office Phone                               (678) 324-5540                                   Ext.                      E-mail        kbuckner@tbgresidential.com
          (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)

IV.       PROJECT LOCATION
          Project Name                               Farmington Hills, Phase II                                                                            Phased Project?         Yes- w/Master Plan
          Site Street Address                        807 Haymon Morris Road                                                                                Scattered Site?         No
          City                                       Winder                                   9-digit Zip *        30680-5323                              Acreage                 7.639
          Within City Limits?                        No                                       County        Barrow                                         Census Tract #          1805
          In USDA Rural Area?                        Yes                              HUD SA:    MSA        Atlanta-Sandy Springs-Marietta                 QCT?          No              DDA? No
                                                           Congressional *                 State Senate                 State House
          Legislative Districts                                  7                              47                          108
          If on boundary, other district:
          Political Jurisdiction                     Barrow County
          Name of Chief Elected Official             Daniel Yearwood, Jr.                                                           Title     Chairman
          Address                                    233 East Broad Street                                                          City      Winder
          Zip+4                                      30680-2294                       Phone                    (770) 307-3010                     Fax            (770) 307-3141
V.        PROJECT DESCRIPTION                                                                                    * Must be verified by applicant using following websites:
       A. Mixed Use                                        No                                                    Zip Codes                    http://zip4.usps.com/zip4/welcome.jsp
       B. Type of Construction:                                                                                  Congressional Districts:     http://www.govtrack.us/congress/findyourreps.xpd
          New Construction                                 72
          Adaptive Reuse
          Acquisition/Rehabilitation                                For Acquisition/Rehabilitation, date of original construction:
          Substantial Rehabilitation
          Historic Rehab




              381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                  Part I-Project Information                                                                         9 of 83
               Georgia Department of Community Affairs                                                                        2012 Funding Application                                               Office of Affordable Housing
                                                    PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

        C. Unit Breakdown                                                                           # of PBRA               D. Unit Area
           Number of Low Income Units                                                       72         Units                   Total Low Income Residential Square Footage                  80,280
                        Number of 50% Units                                                 11                                 Total Unrestricted (Market) Residential Square Footage
                        Number of 60% Units                                                 61                                 Total Residential Square Footage                             80,280
           Number of Unrestricted (Market) Units                                                                               Total Common Space Square Footage from Units
           Total Residential Units                                                          72                                 Total Square Footage from Units                              80,280
           Common Space Units
           Total Units                                                                      72
        E. Buildings      Number of Residential Buildings                                    4                                 Total Common Area Square Footage from Nonresidential areas    2,400
                          Number of Non-Residential Buildings                                1                                 Total Square Footage                                         82,680
                          Total Number of Buildings                                          5
        F. Total Residential Parking Spaces (min 1.5 per unit)                              144

VI.        TENANCY CHARACTERISTICS
        A. Family or Senior (if Senior, specify Elderly or HFOP)                        Family                                 If Other, specify:                     No
        B. Mobility Impaired                                Nbr of Units Equipped:           4                                 % of Total Units                                             5.6%
        C. Sight / Hearing Impaired                         Nbr of Units Equipped:           2                                 % of Total Units                                             2.8%
        D. Special Needs Units                                          Nbr of Units:                                          % of Total Units

VII.       RENT AND INCOME ELECTIONS
        A. Tax Credit Election                                                               40% of Units at 60% of AMI
        B. DCA HOME Projects Minimum Set-Aside Requirement (Rent & Income)                                                      20% of HOME-Assisted Units at 50% of AMI                     No

VIII.      SET ASIDES
                                               No        Nonprofit                         Yes      Rural                           No        Supplemental (Noncompetitive - see QAP)
                                               No        Preservation                      No       Special Needs

IX.        TAX EXEMPT BOND FINANCED PROJECT
           Issuer:                                                                                                                                         Inducement Date:
           Office Street Address         N/A                                                                                                               Applicable QAP:
           City                                                                            State                    Zip+4
           Contact Name                                                                    Title                                                  E-mail
           10-Digit Office Phone                                                            Fax                                 Direct line                              Cellular




               381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                Part I-Project Information                                                             10 of 83
             Georgia Department of Community Affairs                                                                 2012 Funding Application                                        Office of Affordable Housing
                                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

X.       AWARD LIMITATIONS FOR CURRENT DCA COMPETITIVE ROUND
         The following sections apply to all direct and indirect Owners, Developers and Consultants (Entity and Principal) :
      A. Number of Applications Submitted:                                        2
      B. Amount of Federal Tax Credits in All Applications:                   1,611,287
      C. Names of Projects in which an Owner, Developer and Consultant(s) and each of its principals has a direct or indirect Ownership interest:
         Project Participant                Name of Project                                   Project Participant                   Name of Project
         Kevin Buckner/Brad Smith                Auburn Hills                                          8
         Kevin Buckner/Brad Smith                Farmington Hills, Phse II                             9
         3                                                                                             10
         MHL, Inc.                               Auburn Hills                                          11
         MHL, Inc.                               Farmington Hills, Phse II                             12
         6                                                                                             13
         7                                                                                             14

      D. Names of Projects in which the Owner, Developer and Consultant(s) and each of its principals is partnering with an inexperienced unrelated entity for purposes of meeting
         DCA Experience Requirements:
         Project Participant                Name of Project                                   Project Participant                   Name of Project
         1                                                                                             8
         2                                                                                             9
         3                                                                                             10
         4                                                                                             11
         5                                                                                             12
         6                                                                                             13
         7                                                                                             14

XI.      PRESERVATION                                                            No
      A. Subsequent Allocation
         Year of Original Allocation
         Original GHFA/DCA Project Number
         First Year of Credit Period                                                                                 First Building ID Nbr in Project               GA-
         Expiring Tax Credit (15 Year)                                                                               Last Building ID Nbr in Project                GA-
         Date all buildings will complete 15 yr Compliance pd
      B. Expiring Section 8                                                      No
      C. Expiring HUD or USDA
         HUD funded affordable nonpublic housing project                         No                                  HUD funded affordable public housing project         No
         USDA funded affordable nonpublic housing project                        No




             381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                        Part I-Project Information                                                       11 of 83
                Georgia Department of Community Affairs                                                                        2012 Funding Application                                                                         Office of Affordable Housing
                                                   PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

XII.     ADDITIONAL PROJECT INFORMATION
      A. PHA Units
         Is proposed project part of a local public housing replacement program?                                                  No
         Number of Public Housing Units reserved and rented to public housing tenants:                                                     % of Total Residential Units
         Nbr of Units Reserved and Rented to PHA Tenants w/ PBRA or Households on Waiting List:                                            % of Total Residential Units
         Local PHA                                                                                                                         Contact
         Street Address                                                                                                                    Email
         City                                                                                Zip+4                                         Direct line
         Area Code / Phone                                                     Fax                                                         Cellular
      B. Existing properties: currently an Extention of Cancellation Option?                  No            If yes, expiration year:                       Nbr yrs to forgo cancellation option:
      C. Is there a Tenant Ownership Plan?                                      No
      D. Is the Project Currently Occupied?                                     No
         Total Existing Units
         Number Occupied
         % Existing Occupied                                                  #DIV/0!
      E. Waivers and/or Pre-Approvals - have the following waivers and/or pre-approvals been approved by DCA?
         Amenities?                                                             No                                                         Request for Special Needs Set Aside Designation               No
         Architectural Standards?                                               No                                                         Probationary Participation?                                   No
         HOME Consent?                                                          No                                                         Service Requirement (for small rural projects)?               No
         Qualification Determination?                                           No                                                         Scattered Site                                                No
         Payment & Performance Bond?                                            No                                                         Noise Waiver                                                  No
         Operating Expense?                                                     No      ---------------------------------------------> If Yes, new Limit is:
         Other (specify):                                                       No
      F. Projected Place-In-Service Date
         Acquisition
         Rehab
         New Construction                                                   August 31, 2014
XIII.    APPLICANT COMMENTS AND CLARIFICATIONS                                                                             XV.             DCA COMMENTS - DCA USE ONLY
The Census Tract from the 2000 Census shown on this page is 1805. The Census Tract from the 2010 Census is 1805.01. We
have shown the 2000 Census Tract in this application and noted the change in the the comments per DCA's direction in the 2nd
Q&A.                                                                                                                                                                                                                    NOTE: Row size may be increased or
Kevin Buckner is President of the development company, MHL, Inc. He is also the President of the construction company,
                                                                                                                                                                                                                      decreased as needed. Press and hold Alt-
Hunter's Walk Home Center, Inc. Kevin Buckner is also the managing member of the general partner, TBG Winder II, LLC.
                                                                                                                                                                                                                      Enter to start new paragraphs in the same
                                                                                                                                                                                                                                         box.




       Sta                               (Non)Metropolit            FMR MSA                                     Tax-Exempt                                                                                                                       Unincorporated
       te County Name   Utility Region   an SA           MSA?       Name             FMR MSA                    Bond Issuers                                          City          County         other                                         Place          County
       AL   Appling     South            Appling Co.    Non-MSA     Appling County, GA    N                     Abbeville Housing Authority                           Abbeville     Wilcox         Abbeville City                                Coleman        Randolph
       AK   Atkinson    South            Atkinson Co.   Non-MSA     Atkinson County, GA   N                     Acworth Downtown Development Authority                Acworth       Cobb           Acworth City                                  Cusseta        Chattahoochee
       AZ   Bacon       South            Bacon Co.      Non-MSA     Bacon County, GA      N                     Adairsville Development Authority                     Adairsville   Bartow         Adairsville City                              Georgetown     Quitman
       AR   Baker       South            Albany         MSA         Albany, GA MSA        Y                     Adairsville Downtown Development Authority            Adel          Cook           Adel City                                     Martinez       Columbia


                381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                Part I-Project Information                                                                                          12 of 83
       Georgia Department of Community Affairs                                                                           2012 Funding Application                                                                              Office of Affordable Housing
                                      PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

CA Baldwin         Middle   Baldwin Co.    Non-MSA           Baldwin County, GA N                          Albany-Dougherty Inner City Authority                         Adrian         Johnson      Adrian City                                Preston          Webster
CO Banks           North    Banks Co.      Non-MSA           Banks County, GA      N                       Alma Downtown Development Authority                           Ailey          Montgomery   Ailey City                                 Tennille         Washington
CT Barrow          Middle                  MSA
                            Atlanta-Sandy Springs-Marietta                         Y
                                                             Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                                           Arabi Industrial Development Authority                        Alamo          Wheeler      Alamo Town                                 Weston           Webster
DE Bartow          North                   MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Housing Authority
                                                                                   Y                       Arlington                                                     Alapaha        Berrien      Alapaha Town
DC Ben Hill        South    Ben Hill Co    Non-MSA           Ben Hill County, GA N                         Athens-Clarke County Downtown Development Authority           Albany         Dougherty    Albany City
FL Berrien         South    Berrien Co.    Non-MSA           Berrien County, GA    N                       Atkinson County-Coffee County Joint Development Authority     Aldora         Lamar        Aldora Town
GA Bibb            Middle   Macon          MSA               Macon, GA MSA         Y                       Atlanta Development Authority                                 Allenhurst     Liberty      Allenhurst City
HI Bleckley        South    Bleckley Co.   Non-MSA           Bleckley County, GA N                         Augusta, Georgia Landbank Authority                           Allentown      Wilkinson    Allentown City
ID Brantley        South    Brunswick      MSA               Brunswick, GA MSA Y                           Bacon County Development Authority                            Alma           Bacon        Alma City
IL Brooks          South    Valdosta       MSA               Valdosta, GA MSA      Y                       Banks/Habersham Counties Joint Development Authority          Alpharetta     Fulton       Alpharetta City
IN Bryan           South    Savannah       MSA               Savannah, GA MSA Y                            Barnesville Housing Authority                                 Alston         Montgomery   Alston Town
IA Bulloch         South    Bulloch Co.    Non-MSA           Bulloch County, GA    N                       Bartow-Cartersville Joint Development Authority               Alto           Habersham    Alto Town
KS Burke           Middle                  MSA
                            Augusta-Richmond Co.             Augusta-Richmond County, GA-SC MSA
                                                                                   Y                       Ben Hill-Irwin Area Joint Development Authority               Ambrose        Coffee       Ambrose City
KY Butts           Middle   Butts Co.      MSA               Butts County, GA HUD Metro FMR Area
                                                                                   Y                       Berrien County Development Authority                          Americus       Sumter       Americus City
LA Calhoun         South    Calhoun Co.    Non-MSA           Calhoun County, GA N                          Boston Downtown Development Authority                         Andersonville Sumter        Andersonville City
ME Camden          South    Camden Co. Non-MSA               Camden County, GA N                           Bowdon Housing Authority                                      Arabi          Crisp        Arabi Town
MD Candler         South    Candler Co.    Non-MSA           Candler County, GA N                          Brantley County Development Authority                         Aragon         Polk         Aragon City
MA Carroll         Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Housing Authority
                                                                                   Y                       Bremen                                                        Arcade         Jackson      Arcade Town
MI Catoosa         North    Chattanooga MSA                  Chattanooga, TN-GA MSAY                       Brooks County Development Authority                           Argyle         Clinch       Argyle Town
MN Charlton        South    Charlton Co. Non-MSA             Charlton County, GA N                         Brunswick and Glynn County Development Authority              Arlington      Calhoun      Arlington City
MS Chatham         South    Savannah       MSA               Savannah, GA MSA Y                            Bryan County-Pembroke Development Authority                   Arnoldsville   Oglethorpe   Arnoldsville City
MO Chattahoochee   Middle   Columbus       MSA               Columbus, GA-AL MSA Y                                                                                       Ashburn
                                                                                                           Butts, Henry, Lamar and Spalding County Joint Development Authority          Turner       Ashburn City
MT Chattooga       North    Chattooga Co. Non-MSA            Chattooga County, GA N                        Byron Development Authority                                   Athens         Clarke       Defunct city govt
NE Cherokee        North                   MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                   Y                       Byron Downtown Development Authority                          Atlanta        Fulton       Atlanta City
NV Clarke          Middle                  MSA
                            Athens-Clarke Co.                Athens-Clarke County, GA MSA
                                                                                   Y                       Byron Redevelopment Authority                                 Attapulgus     Decatur      Attapulgus City
NH Clay            South    Clay Co.       Non-MSA           Clay County, GA       N                       Calhoun Downtown Development Authority                        Auburn         Barrow       Auburn City
NJ Clayton         Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area County Joint Development Authority
                                                                                   Y                       Camden                                                        Augusta        Richmond     Defunct city govt
NM Clinch          South    Clinch Co.     Non-MSA           Clinch County, GA     N                       Canton Development Authority                                  Austell        Cobb         Austell City
NY Cobb            North                   MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Redevelopment Authority
                                                                                   Y                       Carrollton                                                    Avalon         Stephens     Avalon Town
NC Coffee          South    Coffee Co.     Non-MSA           Coffee County, GA     N                       Cartersville Development Authority                            Avera          Jefferson    Avera City
ND Colquitt        South    Colquitt Co.   Non-MSA           Colquitt County, GA N                         Cartersville Downtown Development Authority                                  DeKalb
                                                                                                                                                                         Avondale Estates            Avondale Estates City
OH Columbia        Middle                  MSA
                            Augusta-Richmond Co.             Augusta-Richmond County, GA-SC MSA
                                                                                   Y                       Catoosa County Development Authority                          Baconton       Mitchell     Baconton City
OK Cook            South    Cook Co.       Non-MSA           Cook County, GA       N                       Cedartown Development Authority                               Bainbridge     Decatur      Bainbridge City
OR Coweta          Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Downtown Development Authority
                                                                                   Y                       Cedartown                                                     Baldwin        Habersham    Baldwin City
PA Crawford        Middle   Macon          MSA               Macon, GA MSA         Y                       Central Georgia Joint Development Authority                   Ball Ground    Cherokee     Ball Ground City
RI Crisp           South    Crisp Co.      Non-MSA           Crisp County, GA      N                       Central Savannah River Area Unified Development Authority     Barnesville    Lamar        Barnesville City
SC Dade            North    Chattanooga MSA                  Chattanooga, TN-GA MSAY                       Central Valdosta Development Authority                        Bartow         Jefferson    Bartow Town
SD Dawson          North                   MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                   Y                       Chatham-Savannah Authority for the Homeless                   Barwick        Thomas       Barwick City
TN Decatur         South    Decatur Co.    Non-MSA           Decatur County, GA N                          Chattooga County Development Authority                        Baxley         Appling      Baxley City
TX Dekalb          Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area County Development Authority
                                                                                   Y                       Cherokee                                                      Bellville      Evans        Bellville City
UT Dodge           South    Dodge Co.      Non-MSA           Dodge County, GA      N                       City of Alpharetta Development Authority                      Belvedere Park DeKalb       Census Designated Place
VT Dooly           South    Dooly Co.      Non-MSA           Dooly County, GA      N                       City of Barnesville and County of Lamar Development Authority Berkeley Lake Gwinnett      Berkeley Lake City
VA Dougherty       South    Albany         MSA               Albany, GA MSA        Y                       City of Cairo Development Authority                           Berlin         Colquitt     Berlin City
WA Douglas         Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                   Y                       City of Claxton Downtown Development Authority                Bethlehem      Barrow       Bethlehem Town
WV Early           South    Early Co.      Non-MSA           Early County, GA      N                       City of Clayton Downtown Development Authority                Between        Walton       Between Town
WI Echols          South    Valdosta       MSA               Valdosta, GA MSA      Y                       City of Commerce Downtown Development Authority               Bibb City      Muscogee     Defunct city govt
WY Effingham       South    Savannah       MSA               Savannah, GA MSA Y                            City of Cumming Development Authority                         Bishop         Oconee       Bishop Town
   Elbert          Middle   Elbert Co.     Non-MSA           Elbert County, GA     N                       City of Dawson Development Authority                          Blackshear     Pierce       Blackshear City
   Emanuel         South    Emanuel Co. Non-MSA              Emanuel County, GA N                          City of Dublin and County of Laurens Development Authority    Blacksville    Henry        Census Designated Place
   Evans           South    Evans Co.      Non-MSA           Evans County, GA      N                       City of Duluth Downtown Development Authority                 Blairsville    Union        Blairsville City
   Fannin          North    Fannin Co.     Non-MSA           Fannin County, GA     N                       City of Fayetteville Downtown Development Authority           Blakely        Early        Blakely City
   Fayette         Middle                  MSA
                            Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                   Y                       City of Jesup Downtown Development Authority                  Bloomingdale Chatham        Bloomingdale City
   Floyd           North    Rome           MSA               Rome, GA MSA          Y                       City of Stockbridge, Georgia Downtown Development Authority Blue Ridge       Fannin       Blue Ridge City

       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                   Part I-Project Information                                                                                                   13 of 83
   Georgia Department of Community Affairs                                                                           2012 Funding Application                                                                               Office of Affordable Housing
                                 PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

Forsyth      North                       MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     City of Sugar Hill Downtown Development Authority              Bluffton       Clay        Bluffton Town
Franklin     North     Franklin Co.      Non-MSA        Franklin County, GA N                          City of Sylvania Downtown Development Authority                Blythe         Richmond    Blythe Town
Fulton       Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     City of Washington Downtown Development Authority              Bogart         Oconee      Bogart City
Gilmer       North     Gilmer Co.        Non-MSA        Gilmer County, GA        N                     City of Willacoochee Development Authority                     Bonanza        Clayton     Census Designated Place
Glascock     Middle    Glascock Co. Non-MSA             Glascock County, GA N                          Clay County Development Authority                              Boston         Thomas      Boston City
Glynn        South     Brunswick         MSA            Brunswick, GA MSA Y                            Clinch County Development Authority                            Bostwick       Morgan      Bostwick City
Gordon       North     Gordon Co.        Non-MSA        Gordon County, GA N                            Consolidated Housing Authority of Talbot County, Georgia       Bowdon         Carroll     Bowdon City
Grady        South     Grady Co.         Non-MSA        Grady County, GA         N                     Coweta County Development Authority                            Bowersville    Hart        Bowersville Town
Greene       Middle    Greene Co.        Non-MSA        Greene County, GA N                            Coweta, Fayette, Meriwether Joint Development Authority        Bowman         Elbert      Bowman City
Gwinnett     Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Joint Development Authority
                                                                                 Y                     Crisp-Dooly                                                    Braselton      Jackson     Braselton Town
Habersham    North     Habersham Co. Non-MSA            Habersham County, GAN                          Dahlonega Downtown Development Authority                       Braswell       Paulding    Braswell Town
Hall         North     Gainesville       MSA            Gainesville, GA MSA Y                          Development Authority for the City of Savannah                 Bremen         Haralson    Bremen City
Hancock      Middle    Hancock Co. Non-MSA              Hancock County, GA N                           Development Authority of Appling County                        Brinson        Decatur     Brinson Town
Haralson     North     Haralson Co. MSA                 Haralson County, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Atkinson County                       Bronwood       Terrell     Bronwood City
Harris       Middle    Columbus          MSA            Columbus, GA-AL MSA Y                          Development Authority of Bainbridge and Decatur County         Brooklet       Bulloch     Brooklet City
Hart         Middle    Hart Co.          Non-MSA        Hart County, GA          N                     Development Authority of Baker County                          Brooks         Fayette     Brooks Town
Heard        Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Banks County                          Broxton        Coffee      Broxton City
Henry        Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Bartow County                         Brunswick      Glynn       Brunswick City
Houston      Middle    Warner Robins MSA                Warner Robins, GA MSA    Y                     Development Authority of Ben Hill County                       Buchanan       Haralson    Buchanan City
Irwin        South     Irwin Co.         Non-MSA        Irwin County, GA         N                     Development Authority of Bibb County                           Buckhead       Morgan      Buckhead Town
Jackson      Middle    Jackson Co.       Non-MSA        Jackson County, GA N                           Development Authority of Brooks County, Georgia                Buena Vista    Marion      Buena Vista City
Jasper       Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Bulloch County                        Buford         Gwinnett    Buford City
Jeff Davis   South     Jeff Davis Co. Non-MSA           Jeff Davis County, GA N                        Development Authority of Burke County                          Butler         Taylor      Butler City
Jefferson    Middle    Jefferson Co. Non-MSA            Jefferson County, GA N                         Development Authority of Butts County                          Byromville     Dooly       Byromville Town
Jenkins      South     Jenkins Co.       Non-MSA        Jenkins County, GA N                           Development Authority of Carroll County                        Byron          Peach       Byron City
Johnson      South     Johnson Co. Non-MSA              Johnson County, GA N                           Development Authority of Cartersville                          Cadwell        Laurens     Cadwell Town
Jones        Middle    Macon             MSA            Macon, GA MSA            Y                     Development Authority of Catoosa County                        Cairo          Grady       Cairo City
Lamar        Middle    Lamar Co.         MSA            Lamar County, GA HUDY     Metro FMR Area       Development Authority of Chattooga County                      Calhoun        Gordon      Calhoun City
Lanier       South     Valdosta          MSA            Valdosta, GA MSA         Y                     Development Authority of Cherokee County                       Camak          Warren      Camak Town
Laurens      South     Laurens Co.       Non-MSA        Laurens County, GA N                           Development Authority of City of Edison, Georgia               Camilla        Mitchell    Camilla City
Lee          South     Albany            MSA            Albany, GA MSA           Y                     Development Authority of Clayton County                        Canon          Franklin    Canon City
Liberty      South                       MSA
                       Hinesville-Fort Stewart          Hinesville-Fort Stewart, GA HUD Metro FMR Area Development Authority of Cobb County
                                                                                 Y                                                                                    Canton         Cherokee    Canton City
Lincoln      Middle    Lincoln Co.       Non-MSA        Lincoln County, GA       N                     Development Authority of Columbia County                       Carl           Barrow      Carl Town
Long         South     Long Co.          MSA            Long County, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Columbus, Georgia                     Carlton        Madison     Carlton City
Lowndes      South     Valdosta          MSA            Valdosta, GA MSA         Y                     Development Authority of Conyers, Georgia                      Carnesville    Franklin    Carnesville City
Lumpkin      North     Lumpkin Co. Non-MSA              Lumpkin County, GA N                           Development Authority of Coweta County                         Carrollton     Carroll     Carrollton City
Macon        Middle    Macon Co.         Non-MSA        Macon County, GA         N                     Development Authority of Crawford County                       Cartersville   Bartow      Cartersville City
Madison      Middle    Athens-Clarke Co. MSA            Athens-Clarke County, GA MSA
                                                                                 Y                     Development Authority of Crisp County                          Cave Spring    Floyd       Cave Spring City
Marion       Middle    Columbus          MSA            Columbus, GA-AL MSA Y                          Development Authority of Dawson County                         Cecil          Cook        Cecil City
McDuffie     Middle                      MSA
                       Augusta-Richmond Co.             Augusta-Richmond County, GA-SC MSA
                                                                                 Y                     Development Authority of DeKalb County                         Cedartown      Polk        Cedartown City
McIntosh     South     Brunswick         MSA            Brunswick, GA MSA Y                            Development Authority of Dougherty County                      Centerville    Houston     Centerville Town
Meriwether   Middle    Meriwether Co. MSA                                        HUD
                                                        Meriwether County, GA Y Metro FMR Area Development Authority of Douglas County                                Centralhatchee Heard       Centralhatchee Town
Miller       South     Miller Co.        Non-MSA        Miller County, GA        N                     Development Authority of Early County                          Chamblee       DeKalb      Chamblee City
Mitchell     South     Mitchell Co.      Non-MSA        Mitchell County, GA N                          Development Authority of Effingham County                      Chatsworth     Murray      Chatsworth City
Monroe       Middle    Monroe Co.        MSA            Monroe County, GA HUD Metro FMR Area
                                                                                 Y                                                                                                   Fulton
                                                                                                       Development Authority of Elbert County, Elberton and Bowman Chattahoochee Hill Country    Chattahoochee Hills City
Montgomery   South     Montgomery Co.Non-MSA            Montgomery County, GA    N                     Development Authority of Emanuel County                                       Walker
                                                                                                                                                                      Chattanooga Valley         Census Designated Place
Morgan       Middle    Morgan Co.        Non-MSA        Morgan County, GA N                                                                                           Chauncey
                                                                                                       Development Authority of Emanuel County and the City of Swainsboro            Dodge       Chauncey City
Murray       North     Murray Co.        MSA            Murray County, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Fairburn                              Chester        Dodge       Chester Town
Muscogee     Middle    Columbus          MSA            Columbus, GA-AL MSA Y                          Development Authority of Floyd County                          Chickamauga Walker         Chickamauga City
Newton       Middle                      MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Forsyth County                        Clarkesville   Habersham   Clarkesville City
Oconee       Middle    Athens-Clarke Co. MSA            Athens-Clarke County, GA MSA
                                                                                 Y                     Development Authority of Fulton County                         Clarkston      DeKalb      Clarkston City
Oglethorpe   Middle    Athens-Clarke Co. MSA            Athens-Clarke County, GA MSA
                                                                                 Y                     Development Authority of Gordon County                         Claxton        Evans       Claxton City
Paulding     North                       MSA
                       Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                 Y                     Development Authority of Gwinnett County                       Clayton        Rabun       Clayton City

   381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                   Part I-Project Information                                                                                             14 of 83
     Georgia Department of Community Affairs                                                                                            2012 Funding Application                                                                                   Office of Affordable Housing
                                                  PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

Peach               Middle              Peach Co.         Non-MSA        Peach County, GA      N                       Development Authority of Haralson County                          Clermont        Hall            Clermont Town
Pickens             North                                 MSA
                                        Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of Harris County                            Cleveland       White           Cleveland City
Pierce              South               Pierce Co.        Non-MSA        Pierce County, GA     N                       Development Authority of Heard County                             Climax          Decatur         Climax City
Pike                Middle                                MSA
                                        Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of Houston County                           Cobbtown        Tattnall        Cobbtown City
Polk                North               Polk Co.          Non-MSA        Polk County, GA       N                       Development Authority of Jasper County                            Cochran         Bleckley        Cochran City
Pulaski             South               Pulaski Co.       Non-MSA        Pulaski County, GA    N                       Development Authority of Jefferson County                         Cohutta         Whitfield       Cohutta City
Putnam              Middle              Putnam Co.        Non-MSA        Putnam County, GA N                           Development Authority of Jefferson, Georgia                       Colbert         Madison         Colbert City
Quitman             South               Quitman Co. Non-MSA              Quitman County, GA N                          Development Authority of Jenkins County                           Coleman         Randolph        Defunct city govt
Rabun               North               Rabun Co.         Non-MSA        Rabun County, GA      N                       Development Authority of Johnson County, Georgia                  College Park Fulton             College Park City
Randolph            South               Randolph Co. Non-MSA             Randolph County, GA N                         Development Authority of Jones County                             Collins         Tattnall        Collins City
Richmond            Middle                                MSA
                                        Augusta-Richmond Co.             Augusta-Richmond County, GA-SC MSA
                                                                                               Y                       Development Authority of LaFayette                                Colquitt        Miller          Colquitt City
Rockdale            Middle                                MSA
                                        Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of LaGrange                                 Columbus        Muscogee        Defunct city govt
Schley              Middle              Schley Co.        Non-MSA        Schley County, GA     N                       Development Authority of Lanier County                            Comer           Madison         Comer City
Screven             South               Screven Co.       Non-MSA        Screven County, GA N                          Development Authority of Lawrenceville, GA                        Commerce        Jackson         Commerce City
Select City first   Select City first   Select City first                                                              Development Authority of Lee County                               Concord         Pike            Concord City
Seminole            South               Seminole Co. Non-MSA             Seminole County, GA N                         Development Authority of Lumpkin County                           Conley          Clayton         Census Designated Place
Spalding            Middle                                MSA
                                        Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of Macon County                             Conyers         Rockdale        Conyers City
Stephens            North               Stephens Co. Non-MSA             Stephens County, GA N                         Development Authority of McDuffie County                          Coolidge        Thomas          Coolidge City
Stewart             South               Stewart Co.       Non-MSA        Stewart County, GA N                                                                                            C
                                                                                                                       Development Authority of McDuffie County and the City of Thomson ordele           Crisp           Cordele City
Sumter              South               Sumter Co.        Non-MSA        Sumter County, GA     N                       Development Authority of Mitchell County                          Corinth         Heard           Defunct city govt
Talbot              Middle              Talbot Co.        Non-MSA        Talbot County, GA     N                       Development Authority of Monroe County                            Cornelia        Habersham       Cornelia City
Taliaferro          Middle              Taliaferro Co. Non-MSA           Taliaferro County, GA N                       Development Authority of Morgan County                                            Bulloch
                                                                                                                                                                                         Country Club Estates            Census Designated Place
Tattnall            South               Tattnall Co.      Non-MSA        Tattnall County, GA   N                       Development Authority of Palmetto                                 Covington       Newton          Covington City
Taylor              Middle              Taylor Co.        Non-MSA        Taylor County, GA     N                       Development Authority of Peach County                             Crawford        Oglethorpe      Crawford City
Telfair             South               Telfair Co.       Non-MSA        Telfair County, GA    N                       Development Authority of Peachtree City                           Crawfordville Taliaferro        Crawfordville City
Terrell             South               Albany            MSA            Albany, GA MSA        Y                       Development Authority of Pike County                              Culloden        Monroe          Culloden City
Thomas              South               Thomas Co.        Non-MSA        Thomas County, GA N                           Development Authority of Polk County                              Cumming         Forsyth         Cumming City
Tift                South               Tift Co.          Non-MSA        Tift County, GA       N                       Development Authority of Rabun County                             Cusseta         Chattahoochee   Defunct city govt
Toombs              South               Toombs Co.        Non-MSA        Toombs County, GA N                           Development Authority of Richmond County                          Cuthbert        Randolph        Cuthbert City
Towns               North               Towns Co.         Non-MSA        Towns County, GA      N                       Development Authority of Rockdale County                          Dacula          Gwinnett        Dacula City
Treutlen            South               Treutlen Co.      Non-MSA        Treutlen County, GA N                         Development Authority of Screven County                           Dahlonega       Lumpkin         Dahlonega City
Troup               Middle              Troup Co.         Non-MSA        Troup County, GA      N                       Development Authority of Seminole County and Donalsonville        Daisy           Evans           Daisy City
Turner              South               Turner Co.        Non-MSA        Turner County, GA     N                       Development Authority of St. Marys                                Dallas          Paulding        Dallas City
Twiggs              Middle              Macon             MSA            Macon, GA MSA         Y                       Development Authority of Talbot County                            Dalton          Whitfield       Dalton City
Union               North               Union Co.         Non-MSA        Union County, GA      N                       Development Authority of Telfair County                           Damascus        Early           Damascus City
Upson               Middle              Upson Co.         Non-MSA        Upson County, GA      N                       Development Authority of the City of Americus                     Danielsville    Madison         Danielsville City
Walker              North               Chattanooga MSA                  Chattanooga, TN-GA MSAY                       Development Authority of the City of Bowdon                       Danville        Wilkinson       Danville Town
Walton              Middle                                MSA
                                        Atlanta-Sandy Springs-Marietta   Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of the City of Dalton                       Darien          McIntosh        Darien City
Ware                South               Ware Co.          Non-MSA        Ware County, GA       N                       Development Authority of the City of Folkston and Charlton CountyDasher           Lowndes         Dasher City
Warren              Middle              Warren Co.        Non-MSA        Warren County, GA     N                       Development Authority of the City of Homeland                     Davisboro       Washington      Davisboro City
Washington          South               Washington Co. Non-MSA           Washington County, GAN                        Development Authority of the City of Jasper                       Dawson          Terrell         Dawson City
Wayne               South               Wayne Co.         Non-MSA        Wayne County, GA      N                                                                                         Dawsonville
                                                                                                                       Development Authority of the City of Jeffersonville and Twiggs County             Dawson          Dawsonville City
Webster             South               Webster Co.       Non-MSA        Webster County, GA N                          Development Authority of the City of Marietta                     De Soto         Sumter          De Soto City
Wheeler             South               Wheeler Co.       Non-MSA        Wheeler County, GA N                                                                                            Dearing
                                                                                                                       Development Authority of the City of Milledgeville and Baldwin County             McDuffie        Dearing Town
White               North               White Co.         Non-MSA        White County, GA      N                       Development Authority of the City of Newnan                       Decatur         DeKalb          Decatur City
Whitfield           North               Dalton            MSA            Dalton, GA HUD Metro FMR Area
                                                                                               Y                       Development Authority of the City of Oakwood                      Deenwood        Ware            Census Designated Place
Wilcox              South               Wilcox Co.        Non-MSA        Wilcox County, GA     N                       Development Authority of the City of Roswell                      Deepstep        Washington      Deepstep Town
Wilkes              Middle              Wilkes Co.        Non-MSA        Wilkes County, GA     N                       Development Authority of the City of Vienna                       Demorest        Habersham       Demorest City
Wilkinson           Middle              Wilkinson Co. Non-MSA            Wilkinson County, GA N                                                                                                          Jeff
                                                                                                                       Development Authority of the Unified Government of Athens-ClarkeDenton Georgia Davis
                                                                                                                                                                                          County,                        Denton City
Worth               South               Albany            MSA            Albany, GA MSA        Y                       Development Authority of Tift County                              Dexter          Laurens         Dexter Town
                                                                                                                       Development Authority of Union County                             Dillard         Rabun           Dillard City
                                                                                                                       Development Authority of Vidalia                                  Dock Junction Glynn             Census Designated Place
                                                                                                                       Development Authority of Walton County                            Doerun          Colquitt        Doerun City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Development Authority of Warner Robins                           Donalsonville    Seminole   Donalsonville City
                                                                             Development Authority of Warren County                           Dooling          Dooly      Dooling Town
                                                                             Development Authority of Washington County                       Doraville        DeKalb     Doraville City
                                                                             Development Authority of Wheeler County                          Douglas          Coffee     Douglas City
                                                                             Development Authority of White County                            Douglasville     Douglas    Douglasville City
                                                                             Development Authority of Whitfield County                        Druid Hills      DeKalb     Census Designated Place
                                                                             Development Authority of Wilkinson County                        Dublin           Laurens    Dublin City
                                                                             Downtown Athens Development Authority                            Dudley           Laurens    Dudley City
                                                                             Downtown Camilla Development Authority                           Duluth           Gwinnett   Duluth City
                                                                             Downtown Dalton Development Authority                            Dunwoody         DeKalb     Dunwoody City
                                                                             Downtown Development Authority for the City of Garden City       DuPont           Clinch     DuPont Town
                                                                             Downtown Development Authority for the City of Hahira, Georgia   East Dublin      Laurens    East Dublin City
                                                                             Downtown Development Authority for the City of Savannah          East Ellijay     Gilmer     East Ellijay City
                                                                             Downtown Development Authority for the City of Warner Robins     East Griffin     Spalding   Census Designated Place
                                                                             Downtown Development Authority of Adel, Georgia                  East Newnan Coweta          Census Designated Place
                                                                             Downtown Development Authority of Albany, Georgia                East Point       Fulton     East Point City
                                                                             Downtown Development Authority of Augusta-Richmond County        Eastman          Dodge      Eastman City
                                                                             Downtown Development Authority of Austell                        Eatonton         Putnam     Eatonton City
                                                                             Downtown Development Authority of Avondale Estates               Edgehill         Glascock   Edgehill City
                                                                             Downtown Development Authority of Barnesville                    Edison           Calhoun    Edison City
                                                                             Downtown Development Authority of Baxley                         Elberton         Elbert     Elberton City
                                                                             Downtown Development Authority of Bremen                         Ellaville        Schley     Ellaville City
                                                                             Downtown Development Authority of Brunswick                      Ellenton         Colquitt   Ellenton City
                                                                             Downtown Development Authority of Centerville                    Ellijay          Gilmer     Ellijay City
                                                                             Downtown Development Authority of Chatsworth                     Emerson          Bartow     Emerson City
                                                                             Downtown Development Authority of Columbus, Georgia              Enigma           Berrien    Enigma City
                                                                             Downtown Development Authority of Cordele                        Ephesus          Heard      Ephesus City
                                                                             Downtown Development Authority of Cuthbert, Georgia              Eton             Murray     Eton City
                                                                             Downtown Development Authority of Douglas                        Euharlee         Bartow     Euharlee City
                                                                             Downtown Development Authority of Fairburn                       Evans            Columbia   Census Designated Place
                                                                             Downtown Development Authority of Fitzgerald                     Experiment       Spalding   Census Designated Place
                                                                             Downtown Development Authority of Forsyth                        Fair Oaks        Cobb       Census Designated Place
                                                                             Downtown Development Authority of Fort Gaines, Georgia           Fairburn         Fulton     Fairburn City
                                                                             Downtown Development Authority of Hampton                        Fairmount        Gordon     Fairmount City
                                                                             Downtown Development Authority of Hartwell, Georgia              Fairview         Walker     Census Designated Place
                                                                             Downtown Development Authority of Hinesville, Georgia            Fargo            Clinch     Fargo City
                                                                             Downtown Development Authority of Holly Springs                  Fayetteville     Fayette    Fayetteville City
                                                                             Downtown Development Authority of Lawrenceville, GA              Fitzgerald       Ben Hill   Fitzgerald City
                                                                             Downtown Development Authority of Madison                        Flemington       Liberty    Flemington City
                                                                             Downtown Development Authority of Maysville                      Flovilla         Butts      Flovilla City
                                                                             Downtown Development Authority of Millen, Georgia                Flowery Branch Hall         Flowery Branch City
                                                                             Downtown Development Authority of Monticello, Georgia            Folkston         Charlton   Folkston City
                                                                             Downtown Development Authority of Moultrie                       Forest Park      Clayton    Forest Park City
                                                                             Downtown Development Authority of Pitts, Georgia                 Forsyth          Monroe     Forsyth City
                                                                             Downtown Development Authority of Smyrna                         Fort Gaines      Clay       Fort Gaines City
                                                                             Downtown Development Authority of Snellville, Georgia            Fort Oglethorpe Catoosa     Fort Oglethorpe City
                                                                             Downtown Development Authority of Social Circle                  Fort Stewart     Liberty    Census Designated Place
                                                                             Downtown Development Authority of the City of Atlanta            Fort Valley      Peach      Fort Valley City
                                                                             Downtown Development Authority of the City of Baconton           Franklin         Heard      Franklin City
                                                                             Downtown Development Authority of the City of Buford             Franklin Springs Franklin   Franklin Springs City
                                                                             Downtown Development Authority of the City of Canton, Georgia    Funston          Colquitt   Funston City
                                                                             Downtown Development Authority of the City of Dallas, Georgia    Gainesville      Hall       Gainesville City
                                                                             Downtown Development Authority of the City of Darien             Garden City      Chatham    Garden City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Downtown Development Authority of the City of Dawson            Garfield        Emanuel      Garfield City
                                                                             Downtown Development Authority of the City of Decatur           Gay             Meriwether   Gay Town
                                                                             Downtown Development Authority of the City of Douglasville      Geneva          Talbot       Geneva Town
                                                                             Downtown Development Authority of the City of Greensboro        Georgetown      Quitman      Defunct city govt
                                                                             Downtown Development Authority of the City of Jackson           Gibson          Glascock     Gibson City
                                                                             Downtown Development Authority of the City of LaFayette         Gillsville      Hall         Gillsville City
                                                                             Downtown Development Authority of the City of LaGrange          Girard          Burke        Girard Town
                                                                             Downtown Development Authority of the City of Locust Grove      Glennville      Tattnall     Glennville City
                                                                             Downtown Development Authority of the City of Monroe            Glenwood        Wheeler      Glenwood City
                                                                             Downtown Development Authority of the City of Morrow, Georgia Good Hope         Walton       Good Hope City
                                                                             Downtown Development Authority of the City of Newnan, Georgia Gordon            Wilkinson    Gordon City
                                                                             Downtown Development Authority of the City of Norcross          Graham          Appling      Graham City
                                                                             Downtown Development Authority of the City of Perry             Grantville      Coweta       Grantville City
                                                                             Downtown Development Authority of the City of Richland, Georgia Gray            Jones        Gray City
                                                                             Downtown Development Authority of the City of Rome              Grayson         Gwinnett     Grayson City
                                                                             Downtown Development Authority of the City of Rossville         Greensboro      Greene       Greensboro City
                                                                             Downtown Development Authority of the City of Roswell           Greenville      Meriwether   Greenville City
                                                                             Downtown Development Authority of the City of Royston           Gresham Park    DeKalb       Census Designated Place
                                                                             Downtown Development Authority of the City of Senoia            Griffin         Spalding     Griffin City
                                                                             Downtown Development Authority of the City of Smithville        Grovetown       Columbia     Grovetown City
                                                                             Downtown Development Authority of the City of Tallapoosa        Gum Branch      Liberty      Gum Branch City
                                                                             Downtown Development Authority of the City of Thomson           Gumlog          Towns        Census Designated Place
                                                                             Downtown Development Authority of the City of Tifton            Guyton          Effingham    Guyton City
                                                                             Downtown Development Authority of the City of Unadilla          Hagan           Evans        Hagan City
                                                                             Downtown Development Authority of the City of Vienna            Hahira          Lowndes      Hahira City
                                                                             Downtown Development Authority of the City of Warrenton         Hamilton        Harris       Hamilton City
                                                                             Downtown Development Authority of the City of Warwick           Hampton         Henry        Hampton City
                                                                             Downtown Development Authority of the City of Zebulon           Hannahs Mill    Upson        Census Designated Place
                                                                             Downtown Development Authority of the Mayor and City Council ofHapeville
                                                                                                                                              Americus       Fulton       Hapeville City
                                                                             Downtown Development Authority of Toccoa                        Haralson        Coweta       Haralson Town
                                                                             Downtown Development Authority of Woodbury                      Harlem          Columbia     Harlem City
                                                                             Downtown Development Authority of Woodstock                     Harrison        Washington   Harrison Town
                                                                             Downtown Development Authority, City of Forest Park             Hartwell        Hart         Hartwell City
                                                                             Downtown LaGrange Development Authority                         Hawkinsville    Pulaski      Hawkinsville City
                                                                             Downtown Marietta Development Authority                         Hazlehurst      Jeff Davis   Hazlehurst City
                                                                             Downtown Savannah Authority                                     Helen           White        Helen City
                                                                             Downtown Statesboro Development Authority                       Helena          Telfair      Helena City
                                                                             Downtown Waycross Development Authority                         Hephzibah       Richmond     Hephzibah City
                                                                             Dublin-Laurens County Development Authority                     Hiawassee       Towns        Hiawassee City
                                                                             Elbert County Richard B. Russell Development Authority          Higgston        Montgomery   Higgston Town
                                                                                                                                             Hilltop
                                                                             Elberton Downtown Development Authority d/b/a MainStreet Elberton               Pike         Census Designated Place
                                                                             Emanuel County Development Authority                            Hiltonia        Screven      Hiltonia City
                                                                             Emanuel-Johnson County Development Authority                    Hinesville      Liberty      Hinesville City
                                                                             Etowah Area Consolidated Housing Authority                      Hiram           Paulding     Hiram City
                                                                             Fairburn Housing Authority                                      Hoboken         Brantley     Hoboken City
                                                                             Fall Line Regional Development Authority                        Hogansville     Troup        Hogansville City
                                                                             Fayette County Development Authority                            Holly Springs   Cherokee     Holly Springs City
                                                                             Fitzgerald/Ben Hill County Development Authority                Homeland        Charlton     Homeland City
                                                                             Flint Area Consolidated Housing Authority                       Homer           Banks        Homer Town
                                                                             Fort Oglethorpe Downtown Development Authority                  Homerville      Clinch       Homerville City
                                                                             Fort Valley Downtown Development Authority                      Hoschton        Jackson      Hoschton City
                                                                             Fulton County/City of Atlanta Land Bank Authority, Inc.         Hull            Madison      Hull Town
                                                                             Gainesville and Hall County Development Authority               Ideal           Macon        Ideal City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Gainesville Redevelopment Authority                  Ila            Madison      Ila City
                                                                             Georgia Bioscience Joint Development Authority       Indian Springs Catoosa      Census Designated Place
                                                                             Gibson Housing Authority                             Iron City      Seminole     Iron City
                                                                             Glennville Development Authority                     Irondale       Clayton      Census Designated Place
                                                                             Glennville Downtown Development Authority            Irwinton       Wilkinson    Irwinton City
                                                                             Gordon County - Floyd County Development Authority   Isle of Hope   Chatham      Census Designated Place
                                                                             Gordon Downtown Development Authority                Ivey           Wilkinson    Ivey City
                                                                             Grady County Joint Development Authority             Jackson        Butts        Jackson City
                                                                             Greene County Development Authority                  Jacksonville   Telfair      Jacksonville City
                                                                             Griffin-Spalding County Development Authority        Jakin          Early        Jakin City
                                                                             Habersham County Development Authority               Jasper         Pickens      Jasper City
                                                                             Hapeville Development Authority                      Jefferson      Jackson      Jefferson City
                                                                             Hawkinsville Downtown Development Authority          Jeffersonville Twiggs       Jeffersonville City
                                                                             Hawkinsville Housing Authority                       Jenkinsburg    Butts        Jenkinsburg Town
                                                                             Hazlehurst Downtown Development Authority            Jersey         Walton       Jersey City
                                                                             Henry County Development Authority                   Jesup          Wayne        Jesup City
                                                                             Hogansville Development Authority                    Johns Creek    Fulton       Johns Creek City
                                                                             Housing Authority City of Sylvester, GA              Jonesboro      Clayton      Jonesboro City
                                                                             Housing Authority of City of Carrollton              Junction City Talbot        Junction City
                                                                             Housing Authority of City of Danielsville            Kennesaw       Cobb         Kennesaw City
                                                                             Housing Authority of Clayton County                  Keysville      Burke        Keysville City
                                                                             Housing Authority of Cobb County                     Kings Bay Base Camden       Census Designated Place
                                                                             Housing Authority of Columbus, Georgia               Kingsland      Camden       Kingsland City
                                                                             Housing Authority of Fulton County                   Kingston       Bartow       Kingston City
                                                                             Housing Authority of Gwinnett County                 Kite           Johnson      Kite City
                                                                             Housing Authority of Lee County                      LaFayette      Walker       LaFayette City
                                                                             Housing Authority of Savannah                        LaGrange       Troup        LaGrange City
                                                                             Housing Authority of Screven County                  Lake City      Clayton      Lake City
                                                                             Housing Authority of the City of Acworth             Lake Park      Lowndes      Lake Park City
                                                                             Housing Authority of the City of Adel, Georgia       Lakeland       Lanier       Lakeland City
                                                                             Housing Authority of the City of Alamo               Lakeview       Catoosa      Census Designated Place
                                                                             Housing Authority of the City of Albany                             Rockdale
                                                                                                                                  Lakeview Estates            Census Designated Place
                                                                             Housing Authority of the City of Ashburn             Lavonia        Franklin     Lavonia City
                                                                             Housing Authority of the City of Athens, Georgia     Lawrenceville Gwinnett      Lawrenceville City
                                                                             Housing Authority of the City of Augusta, Georgia    Leary          Calhoun      Leary City
                                                                             Housing Authority of the City of Bainbridge          Leesburg       Lee          Leesburg City
                                                                             Housing Authority of the City of Baxley              Lenox          Cook         Lenox Town
                                                                             Housing Authority of the City of Blackshear          Leslie         Sumter       Leslie City
                                                                             Housing Authority of the City of Blakely, Georgia    Lexington      Oglethorpe   Lexington City
                                                                             Housing Authority of the City of Buford, Georgia     Lilburn        Gwinnett     Lilburn City
                                                                             Housing Authority of the City of Cairo, Georgia      Lilly          Dooly        Lilly City
                                                                             Housing Authority of the City of Calhoun             Lincoln Park   Upson        Census Designated Place
                                                                             Housing Authority of the City of Camilla             Lincolnton     Lincoln      Lincolnton City
                                                                             Housing Authority of the City of Canton              Linwood        Walker       Defunct city govt
                                                                             Housing Authority of the City of Cave Spring         Lithia Springs Douglas      Defunct city govt
                                                                             Housing Authority of the City of Cedartown, Ga.      Lithonia       DeKalb       Lithonia City
                                                                             Housing Authority of the City of Clarkesville, Ga.   Locust Grove Henry          Locust Grove City
                                                                             Housing Authority of the City of Clarkston           Loganville     Walton       Loganville City
                                                                             Housing Authority of the City of Clayton, Georgia    Lone Oak       Meriwether   Lone Oak Town
                                                                             Housing Authority of the City of Cleveland, Ga.                     W
                                                                                                                                  Lookout Mountain alker      Lookout Mountain City
                                                                             Housing Authority of the City of College Park        Louisville     Jefferson    Louisville City
                                                                             Housing Authority of the City of Colquitt            Lovejoy        Clayton      Lovejoy City
                                                                             Housing Authority of the City of Conyers             Ludowici       Long         Ludowici City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Housing Authority of the City of Cornelia, Ga.              Lula          Hall         Lula City
                                                                             Housing Authority of the City of Covington                  Lumber City   Telfair      Lumber City
                                                                             Housing Authority of the City of Crawfordville              Lumpkin       Stewart      Lumpkin City
                                                                             Housing Authority of the City of Cumming                    Luthersville  Meriwether   Luthersville Town
                                                                             Housing Authority of the City of Cuthbert, GA               Lyerly        Chattooga    Lyerly Town
                                                                             Housing Authority of the City of Dahlonega                  Lyons         Toombs       Lyons City
                                                                             Housing Authority of the City of Dawson                     Mableton      Cobb         Census Designated Place
                                                                             Housing Authority of the City of Decatur, Georgia           Macon         Bibb         Macon City
                                                                             Housing Authority of the City of Doerun, Georgia            Madison       Morgan       Madison City
                                                                             Housing Authority of the City of Dublin, Georgia            Manassas      Tattnall     Manassas City
                                                                             Housing Authority of the City of East Point, Georgia        Manchester    Meriwether   Manchester City
                                                                             Housing Authority of the City of Eastman                    Mansfield     Newton       Mansfield City
                                                                             Housing Authority of the City of Eatonton                   Marietta      Cobb         Marietta City
                                                                             Housing Authority of the City of Edison, GA.                Marshallville Macon        Marshallville City
                                                                             Housing Authority of the City of Ellaville                  Martin        Stephens     Martin Town
                                                                             Housing Authority of the City of Ellijay, Georgia           Martinez      Columbia     Census Designated Place
                                                                             Housing Authority of the City of Fitzgerald                 Maxeys        Oglethorpe   Maxeys Town
                                                                             Housing Authority of the City of Forsyth                    Maysville     Banks        Maysville Town
                                                                             Housing Authority of the City of Fort Gaines                McCaysville   Fannin       McCaysville City
                                                                             Housing Authority of the City of Fort Oglethorpe, Georgia   McDonough     Henry        McDonough City
                                                                             Housing Authority of the City of Fort Valley                McIntyre      Wilkinson    McIntyre Town
                                                                             Housing Authority of the City of Gainesville                McRae         Telfair      McRae City
                                                                             Housing Authority of the City of Glennville                 Meansville    Pike         Meansville City
                                                                             Housing Authority of the City of Glenwood                   Meigs         Thomas       Meigs City
                                                                             Housing Authority of the City of Grantville                 Menlo         Chattooga    Menlo City
                                                                             Housing Authority of the City of Greensboro, Georgia        Metter        Candler      Metter City
                                                                             Housing Authority of the City of Griffin                    Midville      Burke        Midville City
                                                                             Housing Authority of the City of Hahira, Georgia            Midway        Liberty      Midway City
                                                                             Housing Authority of the City of Hampton, Georgia           Milan         Telfair      Milan City
                                                                             Housing Authority of the City of Harlem, Georgia            Milledgeville Baldwin      Milledgeville City
                                                                             Housing Authority of the City of Hartwell                   Millen        Jenkins      Millen City
                                                                             Housing Authority of the City of Hinesville, Ga             Milner        Lamar        Milner City
                                                                             Housing Authority of the City of Hogansville                Milton        Fulton       Milton City
                                                                             Housing Authority of the City of Jasper                     Mineral Bluff Fannin       Defunct city govt
                                                                             Housing Authority of the City of Jefferson                  Mitchell      Glascock     Mitchell Town
                                                                             Housing Authority of the City of Jesup                      Molena        Pike         Molena City
                                                                             Housing Authority of the City of Lakeland, Georgia          Monroe        Walton       Monroe City
                                                                             Housing Authority of the City of Lavonia                    Montezuma     Macon        Montezuma City
                                                                             Housing Authority of the City of Lawrenceville, GA          Montgomery    Chatham      Census Designated Place
                                                                             Housing Authority of the City of Lithonia, Georgia          Monticello    Jasper       Monticello City
                                                                             Housing Authority of the City of Loganville, GA             Montrose      Laurens      Montrose Town
                                                                             Housing Authority of the City of Louisville                 Moody AFB     Lowndes      Census Designated Place
                                                                             Housing Authority of the City of Macon, Georgia             Moreland      Coweta       Moreland Town
                                                                             Housing Authority of the City of Madison, GA                Morgan        Calhoun      Morgan City
                                                                             Housing Authority of the City of Marietta                   Morganton     Fannin       Morganton City
                                                                             Housing Authority of the City of McDonough                  Morrow        Clayton      Morrow City
                                                                             Housing Authority of the City of Menlo, Georgia             Morven        Brooks       Morven City
                                                                             Housing Authority of the City of Metter                     Moultrie      Colquitt     Moultrie City
                                                                             Housing Authority of the City of Milledgeville and Sparta   Mount Airy    Habersham    Mount Airy Town
                                                                             Housing Authority of the City of Millen                     Mount Vernon Montgomery    Mount Vernon City
                                                                             Housing Authority of the City of Monroe, GA                 Mount Zion    Carroll      Mount Zion City
                                                                             Housing Authority of the City of Monticello                 Mountain City Rabun        Mountain City
                                                                             Housing Authority of the City of Moultrie, Georgia          Mountain Park Fulton       Mountain Park City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Housing Authority of the City of Mt. Vernon                         Mountain Park Fulton           Census Designated Place
                                                                             Housing Authority of the City of Nahunta                            Nahunta           Brantley     Nahunta City
                                                                             Housing Authority of the City of Nashville, Georgia                 Nashville         Berrien      Nashville City
                                                                             Housing Authority of the City of Oakwood, Georgia                   Naylor            Lowndes      Defunct city govt
                                                                             Housing Authority of the City of Ocilla, Ga                         Nelson            Pickens      Nelson City
                                                                             Housing Authority of the City of Pearson, Georgia                   Newborn           Newton       Newborn Town
                                                                             Housing Authority of the City of Perry, Georgia                     Newington         Screven      Newington Town
                                                                             Housing Authority of the City of Quitman                            Newnan            Coweta       Newnan City
                                                                             Housing Authority of the City of Ringgold                           Newton            Baker        Newton City
                                                                             Housing Authority of the City of Roberta, GA.                       Nicholls          Coffee       Nicholls City
                                                                             Housing Authority of the City of Roswell                            Nicholson         Jackson      Nicholson Town
                                                                             Housing Authority of the City of Royston                            Norcross          Gwinnett     Norcross City
                                                                             Housing Authority of the City of Sandersville                       Norman Park Colquitt           Norman Park City
                                                                             Housing Authority of the City of Senoia                             North Atlanta DeKalb           Census Designated Place
                                                                             Housing Authority of the City of Shellman                           North Decatur DeKalb           Census Designated Place
                                                                             Housing Authority of the City of Social Circle, GA                  North Druid Hills DeKalb       Census Designated Place
                                                                             Housing Authority of the City of Soperton                           North High Shoals Oconee       North High Shoals Town
                                                                             Housing Authority of the City of Statesboro                         Norwood           Warren       Norwood City
                                                                             Housing Authority of the City of Summerville                        Nunez             Emanuel      Nunez City
                                                                             Housing Authority of the City of Swainsboro                         Oak Park          Emanuel      Oak Park Town
                                                                             Housing Authority of the City of Sylvania                           Oakwood           Hall         Oakwood City
                                                                             Housing Authority of the City of Tallapoosa, Georgia                Ochlocknee        Thomas       Ochlocknee Town
                                                                             Housing Authority of the City of Thomaston                          Ocilla            Irwin        Ocilla City
                                                                             Housing Authority of the City of Thomasville, Georgia               Oconee            Washington   Oconee City
                                                                             Housing Authority of the City of Thomson, Georgia                   Odum              Wayne        Odum City
                                                                             Housing Authority of the City of Tifton, Georgia                    Offerman          Pierce       Offerman City
                                                                             Housing Authority of the City of Toccoa, Ga.                        Oglethorpe        Macon        Oglethorpe City
                                                                             Housing Authority of the City of Vidalia                            Oliver            Screven      Oliver City
                                                                             Housing Authority of the City of Vienna                             Omaha             Stewart      Defunct city govt
                                                                             Housing Authority of the City of Warner Robins, Georgia             Omega             Tift         Omega City
                                                                             Housing Authority of the City of Warrenton                          Orchard Hill      Spalding     Orchard Hill Town
                                                                             Housing Authority of the City of Waycross                           Oxford            Newton       Oxford City
                                                                             Housing Authority of the City of Waynesboro                         Palmetto          Fulton       Palmetto City
                                                                             Housing Authority of the City of West Point                         Panthersville DeKalb           Census Designated Place
                                                                             Housing Authority of the City of Winder                             Parrott           Terrell      Parrott Town
                                                                             Housing Authority of the City of Woodbury, Georgia                  Patterson         Pierce       Patterson City
                                                                             Housing Authority of the City of Wrightsville                       Pavo              Thomas       Pavo City
                                                                             Housing Authority of the County of Atkinson, Georgia                Payne City        Bibb         Payne City
                                                                             Housing Authority of the County of DeKalb, Georgia                  Peachtree City Fayette         Peachtree City
                                                                             Housing Authority of the County of Harris                           Pearson           Atkinson     Pearson City
                                                                             Housing Authority of the County of Houston, Georgia                 Pelham            Mitchell     Pelham City
                                                                             Housing Authority of the Town of Homer, Ga.                         Pembroke          Bryan        Pembroke City
                                                                             Houston County Development Authority                                Pendergrass Jackson            Pendergrass Town          CDP Name        CDP County   CDP
                                                                             Ideal Downtown Development Authority                                Perry             Houston      Perry City                Belvedere Park DeKalb        Census Designated Place
                                                                             Jackson Housing Authority                                           Phillipsburg      Tift         Census Designated Place   Blacksville     Henry        Census Designated Place
                                                                             Jenkins County Development Authority                                Pine Lake         DeKalb       Pine Lake City            Bonanza         Clayton      Census Designated Place
                                                                                                                                                 Pine Mountain Harris
                                                                             Joint Development Authority of Baker, Dougherty, Terrell, and Lee Counties                         Pine Mountain Town        Candler-McAfee               Census Designated Place
                                                                             Joint Development Authority of Bartow County and Pickens CountyPinehurst              Dooly        Pinehurst City                            Walker
                                                                                                                                                                                                          Chattanooga Valley           Census Designated Place
                                                                                                                                                 Pineview
                                                                             Joint Development Authority of Brooks, Colquitt, Grady, Mitchell, and Thomas Counties Wilcox       Pineview Town             Conley          Clayton      Census Designated Place
                                                                             Joint Development Authority of Burke County and City of Waynesboro  Pitts             Wilcox       Pitts City                                Bulloch
                                                                                                                                                                                                          Country Club Estates         Census Designated Place
                                                                                                                                                 Plains
                                                                             Joint Development Authority of Carroll, Haralson, Polk, Heard and Troup Counties Sumter            Plains City               Deenwood        Ware         Census Designated Place
                                                                                                                                                 Plainville
                                                                             Joint Development Authority of Fannin County, Towns County and Union County Gordon                 Plainville City           Dock Junction Glynn          Census Designated Place
                                                                             Joint Development Authority of Franklin, Hart and Stephens Counties Pooler            Chatham      Pooler City               Druid Hills     DeKalb       Census Designated Place

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Joint Development Authority of Hazlehurst, Lumber City and TelfairPort Wentworth Chatham
                                                                                                                                               County                       Port Wentworth City       East Griffin      Spalding    Census Designated Place
                                                                                                                                               Portal
                                                                             Joint Development Authority of Jasper, Morgan, Newton, and Walton Counties        Bulloch      Portal Town               East Newnan Coweta            Census Designated Place
                                                                                                                                               Porterdale
                                                                             Joint Development Authority of Jeff Davis County, Hazlehurst and Denton, Georgia Newton        Porterdale Town           Evans             Columbia    Census Designated Place
                                                                             Joint Development Authority of Metropolitan Atlanta               Poulan          Worth        Poulan City               Experiment        Spalding    Census Designated Place
                                                                             Joint Development Authority of Northeast Georgia                  Powder Springs Cobb          Powder Springs City       Fair Oaks         Cobb        Census Designated Place
                                                                             Joint Development Authority of Winder-Barrow County               Preston         Webster      Defunct city govt         Fairview          Walker      Census Designated Place
                                                                             Kennesaw Development Authority                                    Pulaski         Candler      Pulaski Town              Fort Stewart      Liberty     Census Designated Place
                                                                             Kennesaw Downtown Development Authority                           Putney          Dougherty    Census Designated Place   Georgetown        Quitman     Census Designated Place
                                                                             Kingsland Development Authority                                   Quitman         Brooks       Quitman City              Gresham Park DeKalb           Census Designated Place
                                                                             Kingsland Downtown Development Authority                          Ranger          Gordon       Ranger Town               Gumlog            Towns       Census Designated Place
                                                                             Kingston Downtown Development Authority                           Raoul           Habersham    Census Designated Place   Hannahs Mill      Upson       Census Designated Place
                                                                             LaFayette Housing Authority                                       Ray City        Berrien      Ray City                  Hilltop           Pike        Census Designated Place
                                                                             LaGrange Development Authority                                    Rayle           Wilkes       Rayle Town                Indian Springs Catoosa        Census Designated Place
                                                                             Lake Oconee Area Development Authority                            Rebecca         Turner       Rebecca Town              Irondale          Clayton     Census Designated Place
                                                                             Laurens-Treutlen Joint Development Authority                      Redan           DeKalb       Census Designated Place   Isle of Hope      Chatham     Census Designated Place
                                                                             Lavonia Downtown Development Authority                            Reed Creek      Hart         Census Designated Place   Kings Bay Base Camden         Census Designated Place
                                                                             Lincoln County Development Authority                              Register        Bulloch      Register Town             Lakeview          Catoosa     Census Designated Place
                                                                             Long County Housing Authority                                     Reidsville      Tattnall     Reidsville City           Lakeview EstatesRockdale      Census Designated Place
                                                                             Lyons Downtown Development Authority                              Remerton        Lowndes      Remerton City             Lincoln Park      Upson       Census Designated Place
                                                                             Macon-Bibb County Urban Development Authority                     Rentz           Laurens      Rentz City                Lithia Springs Douglas        Census Designated Place
                                                                             Marion County Development Authority                               Resaca          Gordon       Resaca Town               Mableton          Cobb        Census Designated Place
                                                                             Middle Coastal Unified Development Authority                      Rest Haven      Gwinnett     Rest Haven City           Martinez          Columbia    Census Designated Place
                                                                             Middle Georgia Regional Development Authority                     Reynolds        Taylor       Reynolds City             Midway-Hardwick               Census Designated Place
                                                                                                                                               Rhine           Dodge
                                                                             Milledgeville MainStreet/The Downtown Development Authority of the City of Milledgeville       Rhine Town                Montgomery        Chatham     Census Designated Place
                                                                             Miller County Development Authority                               Riceboro        Liberty      Riceboro City             Moody AFB         Lowndes     Census Designated Place
                                                                             Mitchell County Development Authority                             Richland        Stewart      Richland City             Mountain Park Fulton          Census Designated Place
                                                                             Montezuma Downtown Development Authority                          Richmond Hill Bryan          Richmond Hill City        North Atlanta     DeKalb      Census Designated Place
                                                                             Montgomery County Development Authority                           Riddleville     Washington   Riddleville Town          North Decatur DeKalb          Census Designated Place
                                                                             Moultrie-Colquitt County Development Authority                    Rincon          Effingham    Rincon City               North Druid Hills DeKalb      Census Designated Place
                                                                             Nashville Downtown Development Authority                          Ringgold        Catoosa      Ringgold City             Panthersville     DeKalb      Census Designated Place
                                                                             Northeast Georgia Housing Authority                               Riverdale       Clayton      Riverdale City            Phillipsburg      Tift        Census Designated Place
                                                                             Northwest Georgia Housing Authority                               Riverside       Colquitt     Riverside Town            Putney            Dougherty   Census Designated Place
                                                                             Northwest Georgia Joint Development Authority                     Roberta         Crawford     Roberta City              Raoul             Habersham   Census Designated Place
                                                                             Ocmulgee Regional Joint Development Authority                     Robins AFB      Houston      Census Designated Place   Redan             DeKalb      Census Designated Place
                                                                             Oglethorpe Development Authority                                  Rochelle        Wilcox       Rochelle City             Reed Creek        Hart        Census Designated Place
                                                                             Okefenokee Area Development Authority                             Rockmart        Polk         Rockmart City             Robins AFB        Houston     Census Designated Place
                                                                             Palmetto Housing Authority                                        Rocky Ford      Screven      Rocky Ford City           Russell           Barrow      Census Designated Place
                                                                             Pelham Housing Authority                                          Rome            Floyd        Rome City                 St. Simons        Glynn       Census Designated Place
                                                                             Pooler Development Authority                                      Roopville       Carroll      Roopville Town            Salem             Catoosa     Census Designated Place
                                                                             Port Wentworth Downtown Development Authority                     Rossville       Walker       Rossville City            Scottdale         DeKalb      Census Designated Place
                                                                             Powder Springs Downtown Development Authority                     Roswell         Fulton       Roswell City              Shannon           Floyd       Census Designated Place
                                                                             Pulaski County-Hawkinsville Development Authority                 Royston         Franklin     Royston City              Skidaway Island Chatham       Census Designated Place
                                                                             Putnam Development Authority                                      Russell         Barrow       Defunct city govt         Sunnyside         Towns       Census Designated Place
                                                                             Randolph County Development Authority                             Russell         Barrow       Census Designated Place   Sunset Village Upson          Census Designated Place
                                                                             Redevelopment Authority of Clayton County                         Rutledge        Morgan       Rutledge City             Tucker            DeKalb      Census Designated Place
                                                                             Rochelle Housing Authority                                        Sale City       Mitchell     Sale City                 Unionville        Tift        Census Designated Place
                                                                             Rockmart Development Authority                                    Salem           Catoosa      Census Designated Place   Vinings           Cobb        Census Designated Place
                                                                             Rome-Floyd County Development Authority                           Sandersville    Washington   Sandersville City                           C
                                                                                                                                                                                                      Whitemarsh Island hatham      Census Designated Place
                                                                             Sandersville Downtown Development Authority                       Sandy Springs Fulton         Sandy Springs City        Wilmington IslandChatham      Census Designated Place
                                                                             Sardis Development Authority                                      Santa Claus     Toombs       Santa Claus City
                                                                             Schley-Sumter-Macon Counties Joint Development Authority          Sardis          Burke        Sardis City
                                                                             Screven County Development Authority                              Sasser          Terrell      Sasser Town
                                                                             Smyrna Housing Authority                                          Savannah        Chatham      Savannah City

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                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             Social Circle Development Authority                                 Scotland         Telfair             Scotland City
                                                                             South Georgia Business and Development Authority                    Scottdale        DeKalb              Census Designated Place
                                                                             Southeast Georgia Consolidated Housing Authority                    Screven          Wayne               Screven City
                                                                             Southeast Georgia Joint Development Authority                       Select from list Select City first
                                                                             Southeast Georgia Regional Development Authority                    Senoia           Coweta              Senoia City
                                                                             Southwest Georgia Joint Development Authority                       Shady Dale       Jasper              Shady Dale City
                                                                             Sparta-Hancock County Development Authority                         Shannon          Floyd               Census Designated Place
                                                                             St. Marys Downtown Development Authority                            Sharon           Taliaferro          Sharon City
                                                                             Stephens County Development Authority                               Sharpsburg       Coweta              Sharpsburg Town
                                                                             Suwanee Downtown Development Authority                              Shellman         Randolph            Shellman City
                                                                             Tallapoosa Development Authority                                    Shiloh           Harris              Shiloh City
                                                                             Tattnall County Development Authority                               Siloam           Greene              Siloam Town
                                                                             Taylor County Development Authority                                 Skidaway Island Chatham              Census Designated Place
                                                                             Temple Downtown Development Authority                               Sky Valley       Rabun               Sky Valley City
                                                                             Terrell County Development Authority                                Smithville       Lee                 Smithville City
                                                                             The Commerce Housing Authority                                      Smyrna           Cobb                Smyrna City
                                                                             The Development Authority of Long County                            Snellville       Gwinnett            Snellville City
                                                                             The Development Authority of Pickens County                         Social Circle    Walton              Social Circle City
                                                                             The Development Authority of Snellville, Georgia                    Soperton         Treutlen            Soperton City
                                                                             The Development Authority of the City of Camilla                    Sparks           Cook                Sparks Town
                                                                             The Development Authority of the City of Manchester                 Sparta           Hancock             Sparta City
                                                                             The Development Authority of the City of Tallapoosa                 Springfield      Effingham           Springfield City
                                                                             The Downtown Development Authority of Bainbridge, Georgia           St. Marys        Camden              St. Marys City
                                                                                                                                                 St.
                                                                             The Downtown Development Authority of the City of Griffin, Georgia Simons            Glynn               Census Designated Place
                                                                             The Housing Authority of the City of Americus, GA                   Stapleton        Jefferson           Stapleton City
                                                                             The Housing Authority of the City of Atlanta, Georgia               Statesboro       Bulloch             Statesboro City
                                                                             The Housing Authority of the City of Brunswick, Georgia             Statham          Barrow              Statham City
                                                                             The Housing Authority of the City of Dallas, Georgia                Stillmore        Emanuel             Stillmore City
                                                                             The Housing Authority of the City of Newnan                         Stockbridge      Henry               Stockbridge City
                                                                             The Housing Authority of the City of Washington                     Stone Mountain DeKalb                Stone Mountain City
                                                                             Thomaston Downtown Development Authority                            Sugar Hill       Gwinnett            Sugar Hill City
                                                                             Thomasville Downtown Development Authority                          Summertown Emanuel                   Summertown City
                                                                             Tift County Development Authority                                   Summerville      Chattooga           Summerville City
                                                                             Tift-Turner-Worth-Cook Joint Development Authority                  Sumner           Worth               Sumner Town
                                                                             Toombs County Development Authority                                 Sunny Side       Spalding            Sunny Side City
                                                                             Treutlen County Development Authority                               Sunnyside        Towns               Census Designated Place
                                                                             Troup County Development Authority                                  Sunset Village Upson                 Census Designated Place
                                                                             Turner County Development Authority                                 Surrency         Appling             Surrency Town
                                                                             Union City Housing Authority                                        Suwanee          Gwinnett            Suwanee City
                                                                             Urban Redevelopment Agency of Clayton County, Georgia               Swainsboro       Emanuel             Swainsboro City
                                                                             Urban Redevelopment Agency of the City of Canton                    Sycamore         Turner              Sycamore City
                                                                             Urban Redevelopment Agency of the City of Dallas                    Sylvania         Screven             Sylvania City
                                                                             Urban Redevelopment Agency of the City of Duluth                    Sylvester        Worth               Sylvester City
                                                                             Urban Redevelopment Agency of the City of Kennesaw, Georgia Talbotton                Talbot              Talbotton City
                                                                             Urban Redevelopment Authority of the City of Suwanee                Talking Rock Pickens                 Talking Rock Town
                                                                             Urban Residential Finance Authority of the City of Atlanta, Georgia Tallapoosa       Haralson            Tallapoosa City
                                                                             Valdosta Housing Authority                                          Tallulah Falls Habersham             Tallulah Falls Town
                                                                             Valley Partnership Joint Development Authority                      Talmo            Jackson             Talmo Town
                                                                             Vidalia Development Authority                                       Tarrytown        Montgomery          Tarrytown City
                                                                             Villa Rica Downtown Development Authority                           Taylorsville     Bartow              Taylorsville Town
                                                                             Walker County Development Authority                                 Temple           Carroll             Temple City
                                                                             Waycross and Ware County Development Authority                      Tennille         Washington          Tennille City
                                                                             West Central Georgia Joint Development Authority                    The Rock         Upson               Defunct city govt

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Georgia Department of Community Affairs                                                    2012 Funding Application                                                                Office of Affordable Housing
                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                             West Georgia Joint Development Authority        Thomaston      Upson        Thomaston City
                                                                             West Point Development Authority                Thomasville    Thomas       Thomasville City
                                                                             West Point Lake Development Authority           Thomson        McDuffie     Thomson City
                                                                             Winder Downtown Development Authority           Thunderbolt    Chatham      Thunderbolt Town
                                                                             Woodbine Downtown Development Authority         Tifton         Tift         Tifton City
                                                                                                                             Tiger          Rabun        Tiger Town
                                                                                                                             Tignall        Wilkes       Tignall Town
                                                                                                                             Toccoa         Stephens     Toccoa City
                                                                                                                             Toomsboro      Wilkinson    Toomsboro City
                                                                                                                             Trenton        Dade         Trenton City
                                                                                                                             Trion          Chattooga    Trion Town
                                                                                                                             Tucker         DeKalb       Census Designated Place
                                                                                                                             Tunnell Hill   Whitfield    Tunnel Hill City
                                                                                                                             Turin          Coweta       Turin Town
                                                                                                                             Twin City      Emanuel      Twin City
                                                                                                                             Ty Ty          Tift         Ty Ty City
                                                                                                                             Tybee Island Chatham        Tybee Island City
                                                                                                                             Tyrone         Fayette      Tyrone Town
                                                                                                                             Unadilla       Dooly        Unadilla City
                                                                                                                             Union City     Fulton       Union City
                                                                                                                             Union Point    Greene       Union Point City
                                                                                                                             Unionville     Tift         Census Designated Place
                                                                                                                             Uvalda         Montgomery   Uvalda City
                                                                                                                             Valdosta       Lowndes      Valdosta City
                                                                                                                             Varnell        Whitfield    Varnell City
                                                                                                                             Vernonburg     Chatham      Vernonburg Town
                                                                                                                             Vidalia        Toombs       Vidalia City
                                                                                                                             Vidette        Burke        Defunct city govt
                                                                                                                             Vienna         Dooly        Vienna City
                                                                                                                             Villa Rica     Carroll      Villa Rica City
                                                                                                                             Vinings        Cobb         Census Designated Place
                                                                                                                             Waco           Haralson     Waco Town
                                                                                                                             Wadley         Jefferson    Wadley City
                                                                                                                             Waleska        Cherokee     Waleska City
                                                                                                                             Walnut Grove Walton         Walnut Grove City
                                                                                                                             Walthourville Liberty       Walthourville City
                                                                                                                             Warm Springs Meriwether     Warm Springs City
                                                                                                                             Warner Robins Houston       Warner Robins City
                                                                                                                             Warrenton      Warren       Warrenton City
                                                                                                                             Warwick        Worth        Warwick City
                                                                                                                             Washington     Wilkes       Washington City
                                                                                                                             Watkinsville   Oconee       Watkinsville City
                                                                                                                             Waverly Hall   Harris       Waverly Hall Town
                                                                                                                             Waycross       Ware         Waycross City
                                                                                                                             Waynesboro Burke            Waynesboro City
                                                                                                                             West Point     Troup        West Point City
                                                                                                                             Weston         Webster      Defunct city govt
                                                                                                                             Whigham        Grady        Whigham City
                                                                                                                             White          Bartow       White City
                                                                                                                             White Plains   Greene       White Plains City
                                                                                                                                            Chatham
                                                                                                                             Whitemarsh Island           Census Designated Place
                                                                                                                             Whitesburg     Carroll      Whitesburg City
                                                                                                                             Willacoochee Atkinson       Willacoochee City

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Georgia Department of Community Affairs                                                 2012 Funding Application                                                                                   Office of Affordable Housing
                            PART ONE - PROJECT INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                                                                          Williamson      Pike             Williamson City
                                                                                                                                          C
                                                                                                                          Wilmington Island hatham         Census Designated Place
                                                                                                                          Winder          Barrow           Winder City
                                                                                                                          Winterville     Clarke           Winterville City
                                                                                                                          Woodbine        Camden           Woodbine City
                                                                                                                          Woodbury        Meriwether       Woodbury City
                                                                                                                          Woodland        Talbot           Woodland City
                                                                                                                          Woodstock       Cherokee         Woodstock City
                                                                                                                          Woodville       Greene           Woodville City
                                                                                                                          Woolsey         Fayette          Woolsey Town
                                                                                                                          Wrens           Jefferson        Wrens City
                                                                                                                          Wrightsville    Johnson          Wrightsville City
                                                                                                                          Yatesville      Upson            Yatesville Town
                                                                                                                          Young Harris Towns               Young Harris City
                                                                                                                          Zebulon         Pike             Zebulon City

                                                                                                                                            <---- Enter unlisted city here as needed, then select it from the corresponding box's drop down list.
                                                                                                                          <---- Enter unlisted tax-exempt bond issuer here as needed, then select it from the corresponding box's drop down list.




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                        Part I-Project Information                                                                                                                   24 of 83
      Georgia Department of Community Affairs                                                                               2012 Funding Application                                          Office of Affordable Housing

                                    PART TWO - DEVELOPMENT TEAM INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

I.   OWNERSHIP INFORMATION

     A. OWNERSHIP ENTITY                           Farmington Hills II, LP                                                                   Name of Principal     Kevin Buckner
            Office Street Address                  3825 Paces Walk SE, Suite 100                                                             Title of Principal    Member
            City                                   Atlanta                               Fed Tax ID:                                         Direct line           (678) 324-5550
            State                                      GA        Zip+4 *           30339-4002        HQ Congressional District *     13      Cellular              (770) 862-7333
            10-Digit Office Phone / Ext.           (678) 324-5540                            Fax          (678) 324-5561              E-mail kbuckner@tbgresidential.com
              (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)         * Must be verified by applicant using following websites:
     B. PROPOSED PARTNERSHIP INFORMATION                                                         Zip Codes                                 http://zip4.usps.com/zip4/welcome.jsp
        1. GENERAL PARTNER(S)                                                                    Congressional Districts:                  http://www.govtrack.us/congress/findyourreps.xpd
           a. Managing Gen'l Partner             TBG Winder II, LLC                                                                      Name of Principal     Kevin Buckner
              Office Street Address              3825 Paces Walk SE, Suite 100                                                           Title of Principal    Member
              City                               Atlanta                         Fed Tax ID: TBD                                         Direct line           (678) 324-5550
              State                                  GA      Zip+4 *        30339-4002       HQ Congressional District *         13      Cellular              (770) 862-7333
              10-Digit Office Phone / Ext.       (678) 324-5540                      Fax         (678) 324-5561                   E-mail kbuckner@tbgresidential.com
           b. Other General Partner                                                                                                        Name of Principal
              Office Street Address                                                                                                        Title of Principal
              City                                                                                                                         Direct line
              State                                           Zip+4                                                                        Cellular
              10-Digit Office Phone / Ext.                                              Fax                                       E-mail
           c. Other General Partner                                                                                                        Name of Principal
              Office Street Address                                                                                                        Title of Principal
              City                                                                                                                         Direct line
              State                                           Zip+4                                                                        Cellular
              10-Digit Office Phone / Ext.                                              Fax                                       E-mail
        2. LIMITED PARTNERS (PROPOSED OR ACTUAL)
           a. Federal Limited Partner            Regions Bank                                                                            Name of Principal    David McCullum
              Office Street Address              1900 5th Avenue North, 15th Floor                                                       Title of Principal   Relationship Manager
              City                               Birmingham                                                                              Direct line          (205) 326-4689
              State                                  AL       Zip+4          35203-2609                                                  Cellular             (205) 370-9748
              10-Digit Office Phone / Ext.       (205) 326-4869                       Fax              (205) 326-4075             E-mail dmuccollum@regions.com
           b. State Limited Partner              Gardner Capital                                                                         Name of Principal    Mark Gardner
              Office Street Address              1414 E. Primrose, Suite 100                                                             Title of Principal   President
              City                               Springfield                                                                             Direct line          (417) 447-1802
              State                                  MO       Zip+4          65804-4283                                                  Cellular
              10-Digit Office Phone / Ext.       (417) 447-1800                       Fax              (417) 864-7894             E-mail mgardner@gardnercapital.com




      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                   Part II-Development Team                                                              25 of 83
     Georgia Department of Community Affairs                                                                 2012 Funding Application                            Office of Affordable Housing

                                   PART TWO - DEVELOPMENT TEAM INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

      3. NONPROFIT SPONSOR
             Nonprofit Sponsor                 NA                                                                           Name of Principal
             Office Street Address                                                                                          Title of Principal
             City                                                                                                           Direct line
             State                                          Zip+4                                                           Cellular
             10-Digit Office Phone / Ext.                                         Fax                              E-mail

II. DEVELOPER(S)

   A. DEVELOPER                                MHL, Inc.                                                                  Name of Principal     Kevin Buckner
           Office Street Address               3825 Paces Walk SE, Suite 100                                              Title of Principal    President
           City                                Atlanta                                                                    Direct line           (678) 324-5550
           State                                   GA       Zip+4         30339-4002                                      Cellular              (770) 862-7333
           10-Digit Office Phone / Ext.        (678) 324-5540                      Fax      (678) 324-5561         E-mail kbuckner@tbgresidential.com
   B. CO-DEVELOPER 1                           NA                                                                           Name of Principal
           Office Street Address                                                                                            Title of Principal
           City                                                                                                             Direct line
           State                                            Zip+4                                                           Cellular
           10-Digit Office Phone / Ext.                                           Fax                              E-mail
   C. CO-DEVELOPER 2                           NA                                                                           Name of Principal
           Office Street Address                                                                                            Title of Principal
           City                                                                                                             Direct line
           State                                            Zip+4                                                           Cellular
           10-Digit Office Phone / Ext.                                           Fax                              E-mail
   D. DEVELOPMENT CONSULTANT                   NA                                                                           Name of Principal
           Office Street Address                                                                                            Title of Principal
           City                                                                                                             Direct line
           State                                            Zip+4                                                           Cellular
           10-Digit Office Phone / Ext.                                           Fax                              E-mail




     381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                     Part II-Development Team                                                26 of 83
     Georgia Department of Community Affairs                                                               2012 Funding Application                                Office of Affordable Housing

                                 PART TWO - DEVELOPMENT TEAM INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

III. OTHER PROJECT TEAM MEMBERS

   A. OWNERSHIP CONSULTANT                   NA                                                                           Name of Principal
          Office Street Address                                                                                           Title of Principal
          City                                                                                                            Direct line
          State                                             Zip+4                                                         Cellular
          10-Digit Office Phone / Ext.                                           Fax                             E-mail
   B. GENERAL CONTRACTOR                     Hunter's Walk Home Center, Inc.                                            Name of Principal     Kevin Buckner
          Office Street Address              3825 Paces Walk SE, Suite 100                                              Title of Principal    President
          City                               Atlanta                                                                    Direct line           (678) 324-5550
          State                                  GA       Zip+4         30339-4002                                      Cellular              (770) 862-7333
          10-Digit Office Phone / Ext.       (678) 324-5540                      Fax      (678) 324-5561         E-mail kbuckner@tbgresidential.com
   C. MANAGEMENT COMPANY                     Buckner Finance, Inc.                                                      Name of Principal     Kevin Buckner
          Office Street Address              3825 Paces Walk SE, Suite 100                                              Title of Principal    President
          City                               Atlanta                                                                    Direct line           (678) 324-5550
          State                                  GA       Zip+4         30339-4002                                      Cellular              (770) 862-7333
          10-Digit Office Phone / Ext.       (678) 324-5540                      Fax      (678) 324-5561         E-mail kbuckner@tbgresidential.com
   D. ATTORNEY                               Morris Manning & Martin                                                    Name of Principal   Tim Pollock
           Office Street Address             3343 Peachtree Road, NE                                                    Title of Principal  Partner
           City                              Atlanta                                                                    Direct line         (404) 504-7710
           State                                 GA       Zip+4          30326-1044                                     Cellular
           10-Digit Office Phone / Ext.      (404) 504-7710                       Fax                            E-mail tpollock@mmmlaw.com
   E. ACCOUNTANT                             Habif Arogeti and Wynne, LLP                                               Name of Principal     Alison Fossyl, CPA
          Office Street Address              Five Concourse Parkway, Suite 100                                          Title of Principal    Manager
          City                               Atlanta                                                                    Direct line           (770) 353-7115
          State                                  GA        Zip+4         30328-6157                                     Cellular
          10-Digit Office Phone / Ext.       (770) 353-7115                       Fax     (770) 351-3271         E-mail alison.fossyl@hawcpa.com
   F. ARCHITECT                              Martin Riley & Associates                                                  Name of Principal      Michael Riley
           Office Street Address             215 Church Street                                                          Title of Principal     Vice President
           City                              Decatur                                                                    Direct line            (404) 373-2800
           State                                 GA        Zip+4         30030-3329                                     Cellular               (678) 373-2888
           10-Digit Office Phone / Ext.      (404) 373-2800                       Fax     (404) 373-2888         E-mail mriley@martinriley.com




     381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                   Part II-Development Team                                                    27 of 83
      Georgia Department of Community Affairs                                                                                              2012 Funding Application                                                                   Office of Affordable Housing

                                        PART TWO - DEVELOPMENT TEAM INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

IV. OTHER REQUIRED INFORMATION (Answer each of the questions below for each participant listed below.)
                     1. Has this entity     2. Is this     3. Has any person,      4. Does this entity have an      5. Does this entity have 6. Has this entity ever been 7. Applicable       8. Project
                    withdrawn or been       entity a     principal, or agent for   identity of interest with any   an identity of interest with debarred or suspended from Organizational     Ownership
                  involuntarily removed      MBE/         this entity ever been     other entity in this chart?     any member, officer, or any local, state, or federal Type (For Profit,    Percentage
                from a HOME or LIHTC         WBE?        convicted of a felony            If yes, attach             employee of DCA? If         housing program? If yes, Nonprofit, CHDO)
 Participant       project in the last 36
                                                         (Yes or No)?. If yes,             explanation.            yes, attach explanation.        attach explanation.
                   months (Y/N)? If Y,
                                                         attach explanation.
                   attach explanation.


Manage GP                  No                  No                  No                          Yes                           No                          No                  For Profit            0.0090%
Other GP1
Other GP2
Federal LP                 No                  No                  No                           No                           No                          No                  For Profit           99.9810%
State LP                   No                  No                  No                           No                           No                          No                  For Profit            0.0100%
NP Sponsor
Developer                  No                  No                  No                          Yes                           No                          No                  For Profit            0.0000%
Co-Develpr 1
Co-Develpr 2
Ownr Consult
Dev Consult
Contractor                 No                  No                  No                          Yes                           No                          No                  For Profit            0.0000%
Mgt Co                     No                  No                  No                          Yes                           No                          No                  For Profit            0.0000%
                                                                                                                                                                                      Total      100.0000%

V.      APPLICANT COMMENTS AND CLARIFICATIONS                                                                                               VI.           DCA COMMENTS - DCA USE ONLY
Kevin Buckner is the President of MHL, Inc. (the developer) , Hunter's Walk Home Center, Inc. (the contractor) and Buckner Finance, Inc.
(the property manager). Kevin Buckner is also the Managing Member of the General Partner, TBG Winder II, LLC.
                                                                                                                                                                                                             NOTE: Row size may be increased or decreased as
                                                                                                                                                                                                               needed. Press and hold Alt-Enter to start new
                                                                                                                                                                                                                       paragraphs in the same box.



                                                                                                                                                                        State
                                                                                                                                                                        AL
                                                                                                                                                                        AK
                                                                                                                                                                        AZ
                                                                                                                                                                        AR
                                                                                                                                                                        CA
                                                                                                                                                                        CO
                                                                                                                                                                        CT
                                                                                                                                                                        DE
                                                                                                                                                                        DC
                                                                                                                                                                        FL
                                                                                                                                                                        GA
                                                                                                                                                                        HI
                                                                                                                                                                        ID
                                                                                                                                                                        IL
                                                                                                                                                                        IN
                                                                                                                                                                        IA
                                                                                                                                                                        KS
                                                                                                                                                                        KY
                                                                                                                                                                        LA
                                                                                                                                                                        ME
                                                                                                                                                                        MD
                                                                                                                                                                        MA
                                                                                                                                                                        MI
                                                                                                                                                                        MN


      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                   Part II-Development Team                                                                                      28 of 83
Georgia Department of Community Affairs                                                             2012 Funding Application          Office of Affordable Housing

                           PART TWO - DEVELOPMENT TEAM INFORMATION - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                                                                                                 MS
                                                                                                                                 MO
                                                                                                                                 MT
                                                                                                                                 NE
                                                                                                                                 NV
                                                                                                                                 NH
                                                                                                                                 NJ
                                                                                                                                 NM
                                                                                                                                 NY
                                                                                                                                 NC
                                                                                                                                 ND
                                                                                                                                 OH
                                                                                                                                 OK
                                                                                                                                 OR
                                                                                                                                 PA
                                                                                                                                 RI
                                                                                                                                 SC
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                                                                                                                                 TN
                                                                                                                                 TX
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                                                                                                                                 WI
                                                                                                                                 WY




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                  Part II-Development Team                             29 of 83
      Georgia Department of Community Affairs                                                                                                                                 2012 Funding Application                                                                                                                            Office of Affordable Housing

                                            PART THREE - SOURCES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                           PART THREE - SOURCES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County


I.    GOVERNMENT FUNDING SOURCES (check all that apply)                                                                                                                                                           GOVERNMENT FUNDING SOURCES (check all that apply)
                                                                                                                                                                                                                  DCA COMMENTS - DCA Use Only
         Yes       Tax Credits                 No      DCA HOME* --> amt from DCA Consent Ltr:                                                   No       Historic Rehab Credits       No        McKinney-
                                                                                                                                                                                                 Vento
          No       Tax Exempt Bonds            No      DCA PSHP HOME*          No   CDBG                    No      FHA Risk Share               No       FHA Insured Mortgage
                                                                                                                                                                                                 Homeless
          No       Taxable Bonds               No      Other HOME*                  No      FHLB /          No      CHOICE                       No       Section 8 PBRA
                                                                                            AHP *                   Neighborhoods                         Other - describe here
          No       USDA 515                    No      USDA 538                                                                                  No
      *This source may possibly trigger Uniform Relocation Act and/or HUD 104(d) reqmts. Check with source. For DCA HOME, refer to Relocation Manual. NSP = Neighborhood Stabilization Program


II.   CONSTRUCTION FINANCING                                                                                                                                                                                      CONSTRUCTION FINANCING


      Financing Type                                                            Name of Financing Entity                                Amount            Effective Interest Rate     Term (In Months)            DCA COMMENTS - DCA Use Only
      Mortgage A                                                               Regions Bank                                                  5,101,762           4.500%                      18
      Mortgage B
      Mortgage C
      Federal Grant
      State, Local, or Private Grant
      Deferred Developer Fees
      Federal Housing Credit Equity                                            Regions Bank                                                  2,130,072
      State Housing Credit Equity                                              Gardner Capital                                               1,355,880
      Other Type (specify)
      Other Type (specify)
      Other Type (specify)
      Total Construction Financing:                                                                                                          8,587,714
      Total Construction Period Costs from Development Budget:                                                                               8,587,714
      Surplus / (Shortage) of Construction funds to Construction costs:                                                                               1




      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012
                                                                                                                                                                                    Part III A-Sources of Funds                                                                                                                                       30 of 83
        Georgia Department of Community Affairs                                                                                                                                       2012 Funding Application                                                                                                                  Office of Affordable Housing

                                                 PART THREE - SOURCES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                    PART THREE - SOURCES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County


III.   PERMANENT FINANCING                                                                                                                                                                                               PERMANENT FINANCING
                                                                                                                    Effective      Term       Amort.     Annual Debt Service                            Target
       Financing Type                    Name of Financing Entity                          Principal Amount         Int Rate      (Years)    (Years)        in Year One             Loan Type            DCR             DCA COMMENTS - DCA Use Only
       Mortgage A (Lien Position 1)      Regions Bank                                               1,190,000       7.500%          30         30              99,848               Amortizing           1.20
       Mortgage B (Lien Position 2)
       Mortgage C (Lien Position 3)
       Other:
       Grant from foundation or charity
       Deferred Devlpr Fee        0.50% DDF                                                               5,979        0.000%         10       10                                   Cash Flow
       Federal Grant
       State, Local, or Private Grant                                                                                    Equity Check                  +/-                     TC Equity
       Federal Housing Credit Equity     Regions Bank                                                7,100,812            7,102,229                 -1,417.20                  % of TDC
       State Housing Credit Equity       Gardner Capital                                             2,259,800            2,259,800                   -0.20                      67%
       Historic Credit Equity                                                                                                                                                    21%
       Invstmt Earnings: T-E Bonds                                                                                                                                               89%
       Invstmt Earnings: Taxable Bonds
       Income from Operations
       Other:
       Other:
       Other:
       Total Permanent Financing:                                                             10,556,591
       Total Development Costs from Development Budget:                                       10,556,591
       Surplus/(Shortage) of Permanent funds to development costs:                                 0
IV.    APPLICANT COMMENTS AND CLARIFICATIONS                                                                                    IV.         DCA COMMENTS - DCA USE ONLY
See debt and equity letters in Tab 5. Per the construction loan commitment, the interest rate is 4.0% plus the 1 month
LIBOR rate of .24, but in no case lower than 4.5% (found in Tab 5).

The amount shown for federal equity needed for construction includes the first, second and part of the third capital
contributions shown in Regions' commitment. The third contribution can be drawn upon as needed.

The Applicant is requesting $807,072 in annual credits and a 14% basis boost. This project qualifies for the basis boost
since it is in a rural designated area and the application receives the full four points for Stable Communities. This small
boost is needed because our rents cannot support a higher debt amount and it leaves a gap in funding. We show a                                                                                                          NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
deferred developer fee of $5979 which is within DCA guidelines. The Federal Limited Partner (Regions) is purchaseing                                                                                                     paragraphs in the same box.
99.98% of the federal credits. The State Limited Partner (Gardner Capital) is purchasing 100% of the state credits .

DCA equity check does not agree with our calculations as 100% of the credits are not being purchased.




       381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012
                                                                                                                                                                                           Part III A-Sources of Funds                                                                                                                              31 of 83
            Georgia Department of Community Affairs                                                                                        2012 Funding Application                                                                                                   Office of Affordable Housing

                                            PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                      PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                       CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
I. DEVELOPMENT BUDGET                                                                                New                                                 Amortizable or     DEVELOPMENT BUDGET
                                                                                                                     Acquisition     Rehabilitation
                                                                                                  Construction                                          Non-Depreciable
                                                                                   TOTAL COST                          Basis            Basis
                                                                                                     Basis                                                   Basis          DCA COMMENTS - DCA Use Only
  PRE-DEVELOPMENT COSTS                                                                                                PRE-DEVELOPMENT COSTS                                PRE-DEVELOPMENT COSTS
  Property Appraisal                                                                      5,500           5,500
  Market Study                                                                            5,500           5,500
  Environmental Report(s)                                                                 5,000           5,000
  Soil Borings                                                                            5,000           5,000
  Boundary and Topographical Survey                                                       6,500           6,500
  Zoning/Site Plan Fees                                                                     100             100
  Other: Third Party Cost Review                                                          5,400           5,400
  Other: Barrow County Plan Review+Dept. of Nat'l Resources, Grading Review              10,128          10,128
  Other: <Enter detailed description here; use Comments section if needed>
                                                                        Subtotal         43,128          43,128               -                 -                      -
  ACQUISITION                                                                                                                ACQUISITION                                    ACQUISITION
  Land                                                                                  572,925                                                                   572,925
  Site Demolition
  Acquisition Legal Fees (if existing structures)
  Existing Structures
                                                                        Subtotal        572,925                              -                                    572,925
  LAND IMPROVEMENTS                                                                                                      LAND IMPROVEMENTS                                  LAND IMPROVEMENTS
  Site Construction (On-site)                                                         1,101,028       1,101,028
  Site Construction (Off-site)
                                                                        Subtotal      1,101,028       1,101,028               -                 -                      -
  STRUCTURES                                                                                                                 STRUCTURES                                     STRUCTURES
  Residential Structures - New Construction                                           4,471,400       4,464,400
  Residential Structures - Rehab
  Accessory Structures (ie. community building, maintenance building, etc.)             175,000         175,000
                                                                        Subtotal      4,646,400       4,639,400              -              -                          -
  CONTRACTOR SERVICES                                   14.00%                                                          CONTRACTOR SERVICES                                 CONTRACTOR SERVICES
  Builder Profit:                                        6.00%           344,846        344,846         344,846
  General Requirements* and Builder Overhead             8.00%           459,794        459,794         459,794
  *Refer to General Requirements policy in QAP                          Subtotal        804,640         804,640                -                -                      -
                                                                                                                                                                            Total Construction Hard Costs
  Total Construction Hard Costs            91,000.94              per unit
  6,552,067.50                                 81.62              per sq ft
  CONSTRUCTION CONTINGENCY                                                                                           CONSTRUCTION CONTINGENCY                               CONSTRUCTION CONTINGENCY
  Construction Contingency                                           4.7398%            310,553         310,553




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                               Part IV-Uses of Funds                                                                                                                             32 of 83
            Georgia Department of Community Affairs                                                                                       2012 Funding Application                                                                                         Office of Affordable Housing

                                            PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                           PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                       CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
I. DEVELOPMENT BUDGET                                                                                 New            Acquisition     Rehabilitation      Amortizable or     DEVELOPMENT BUDGET
                                                                                                   Construction        Basis            Basis           Non-Depreciable
                                                                                    TOTAL COST                                                                              DCA COMMENTS - DCA Use Only
                                                                                                      Basis                                                  Basis
  CONSTRUCTION PERIOD FINANCING                                                                                    CONSTRUCTION PERIOD FINANCING                            CONSTRUCTION PERIOD FINANCING
  Construction Loan Fee                                                                   51,018          51,018
  Construction Loan Interest                                                             275,709         275,709
  Construction Legal Fees                                                                 35,000          35,000
  Construction Period Inspection Fees                                                     10,000          10,000
  Construction Period Real Estate Tax                                                      6,800           6,800
  Construction Insurance                                                                  20,000          20,000
  Bridge Loan Fee and Bridge Loan Interest
  Payment and Performance bonds
  Other: Bank's environmental review, flood cert. bank's application review                2,800           2,800
                                                                         Subtotal        401,327         401,327             -               -                         -
  PROFESSIONAL SERVICES                                                                                                PROFESSIONAL SERVICES                                PROFESSIONAL SERVICES
  Architectural Fee - Design                                                              86,400          86,400
  Architectural Fee - Supervision                                                         21,600          21,600
  Green Building Consultant Fee                                                           20,000          20,000
  Green Building Program Certification Fee (LEED or Earthcraft)                            8,500           8,500
  Accessibility Inspections and Plan Review                                                6,200           6,200
  Construction Materials Testing                                                           3,000           3,000
  Engineering                                                                             40,000          40,000
  Real Estate Attorney                                                                    35,000          35,000
  Accounting                                                                              22,500          22,500
  Other:
                                                                         Subtotal        243,200         243,200              -              -                         -
  LOCAL GOVERNMENT FEES                                                                                                LOCAL GOVERNMENT FEES                                LOCAL GOVERNMENT FEES
  Building Permits                                                                        45,000          45,000
  Impact Fees                                                                             50,000          50,000
  Water Tap Fees                              waived?      No                            252,000         252,000
  Sewer Tap Fees                              waived?      No                            324,000         324,000
                                                                         Subtotal        671,000         671,000            -                -                         -
  PERMANENT FINANCING FEES                                                                                           PERMANENT FINANCING FEES                               PERMANENT FINANCING FEES
  Permanent Loan Fees                                                                     11,900                                                                   11,900
  Permanent Loan Legal Fees                                                               15,000                                                                   15,000
  Title and Recording Fees                                                                21,000          14,400                                                    6,600
  As-Built Survey                                                                          6,500                                                                    6,500
  Bond Issuance Premium                                                                      -
  Cost of Issuance / Underwriter's Discount                                                  -
  Other: Intangible Taxes                                                                  4,000                                                                    4,000
                                                                         Subtotal         58,400          14,400               -                -                  44,000




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                               Part IV-Uses of Funds                                                                                                                  33 of 83
            Georgia Department of Community Affairs                                                                                        2012 Funding Application                                                                                           Office of Affordable Housing

                                           PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                               PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                     CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS

I. DEVELOPMENT BUDGET                                                                                  New          Acquisition     Rehabilitation      Amortizable or        DEVELOPMENT BUDGET
                                                                                                    Construction      Basis            Basis           Non-Depreciable
                                                                                  TOTAL COST                                                                                  DCA COMMENTS - DCA Use Only
                                                                                                       Basis                                                Basis
  DCA-RELATED COSTS                                                                                                     DCA-RELATED COSTS                                     DCA-RELATED COSTS
  DCA HOME Loan Pre-Application Fee                                                        -
  Tax Credit Application Fee                                                             6,500                                                                        6,500
  DCA Waiver and Pre-approval Fees
  LIHTC Allocation Processing Fee                                       64,566          64,566                                                                    64,566
  LIHTC Compliance Monitoring Fee                                       57,600          57,600                                                                    57,600
  DCA Front End Analysis Fee (HOME, when ID of Interest)
  DCA Final Inspection Fee (Tax Credit only - no HOME)                                   3,000                                                                        3,000
  Other: Pre-Application Fee                                                               -                                                                            -
  Other: <Enter detailed description here; use Comments section if needed>
                                                                       Subtotal        131,666                                                                   131,666
  EQUITY COSTS                                                                                                              EQUITY COSTS                                      EQUITY COSTS
  Partnership Organization Fees
  Tax Credit Legal Opinion
  Syndicator Legal Fees                                                                 35,000                                                                    35,000
  Other: <Enter detailed description here; use Comments section if needed>
                                                                       Subtotal         35,000                                                                    35,000
  DEVELOPER'S FEE                                                                                                         DEVELOPER'S FEE                                     DEVELOPER'S FEE
  Developer's Overhead                                               0.000%                                   -
  Consultant's Fee                                                   0.000%
  Developer's Profit                                                100.000%         1,200,000          1,200,000
                                                                       Subtotal      1,200,000          1,200,000           -               -                           -
  START-UP AND RESERVES                                                                                               START-UP AND RESERVES                                   START-UP AND RESERVES
  Marketing                                                                             30,000                                                                    30,000
  Rent-Up Reserves                                                                      73,800                                                                    73,800
  Operating Deficit Reserve:                                                           197,524                                                                   197,524
  Replacement Reserve
  Furniture, Fixtures and Equipment                   Per Unit:        486              35,000             35,000
  Other: <Enter detailed description here; use Comments section if needed>
                                                                       Subtotal        336,324             35,000            -                 -                 301,324
  OTHER COSTS                                                                                                               OTHER COSTS                                       OTHER COSTS
  Relocation                                                                               -
  Other: Easley Macaleb Property Tax Estimate, UPS/FedEx Charges/Misc. office            1,000              1,000
                                                                       Subtotal          1,000              1,000             -                -                        -
  TOTAL DEVELOPMENT COST                                                            10,556,591          9,464,676             -                -               1,084,915
  Total Per Unit Cost Limitation:           11,845,368          TDC Per Unit:        146,619.31   TDC Per Sq Ft:           131.50




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                              Part IV-Uses of Funds                                                                                                                      34 of 83
             Georgia Department of Community Affairs                                                                                                2012 Funding Application                                                                                                           Office of Affordable Housing

                                             PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                      PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                       CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
II. TAX CREDIT CALCULATION - BASIS METHOD                                                                New
                                                                                                                      4% Acquisition           Rehabilitation                                    TAX CREDIT CALCULATION - BASIS METHOD
                                                                                                      Construction
                                                                                                                          Basis                   Basis
   Subtractions From Eligible Basis                                                                      Basis                                                                                   Subtractions From Eligible Basis
   Amount of federal grant(s) used to finance qualifying development costs
   Amount of nonqualified nonrecourse financing
   Costs of Nonqualifying units of higher quality
   Nonqualifying excess portion of higher quality units
   Historic Tax Credits (Residential Portion Only)
   Other <Enter detailed description here; use Comments section if needed>
   Total Subtractions From Basis:                                                                          0                                         0
   Eligible Basis Calculation                                                                                                                                                                    Eligible Basis Calculation
   Total Basis                                                                                         9,464,676             0                       0
   Less Total Subtractions From Basis (see above)                                                          0                                         0
   Total Eligible Basis                                                                                9,464,676             0                       0
   Eligible Basis Adjustment (DDA/QCT Location or State Designated Boost)         Type: State Boost     114.00%
   Adjusted Eligible Basis                                                                            10,789,730             0                      0
   Multiply Adjusted Eligible Basis by Applicable Fraction                                              100.00%           100.00%                100.00%
   Qualified Basis                                                                                    10,789,730             0                      0
   Multiply Qualified Basis by Applicable Credit Percentage                                              7.48%
   Maximum Tax Credit Amount                                                                            807,072              0                       0
   Total Basis Method Tax Credit Calculation                                                                              807,072

III. TAX CREDIT CALCULATION - GAP METHOD                                                               Maximum TDC                                                  If Historic Designation or   TAX CREDIT CALCULATION - GAP METHOD
   Equity Gap Calculation                                                                               10,556,591   If TDC > PUCL, provide amount of grant from    Brownfield Development
                                                                                                                     foundation or charitable organization to       involved, indicate below:
   Total Development Cost (TDC or PUCL; explain in Comments if TDC > PUCL)                              10,556,590
                                                                                                                     cover the cost exceeding the PUCL:
   Subtract Non-LIHTC (excluding deferred fee) Source of Funds                                           1,190,000                                                                    Y/N
   Equity Gap                                                                                            9,366,590                  Grant Amount                   Hist Desig          No
   Divide Equity Gap by 10                                                                                   / 10                          0                       Brownfld            No
   Annual Equity Required                                                                                 936,659                Federal                  State
   Enter Final Federal and State Equity Factors (not including GP contribution)                            1.1600       =        0.8800         +        0.2800
   Total Gap Method Tax Credit Calculation                                                                807,465

   TAX CREDIT PROJECT MAXIMUM - Lower of Basis Method, Gap Method and DCA Limit:                         807,072

   TAX CREDIT REQUEST - Cannot exceed Tax Credit Project Maximum, but may be lower:                      807,072

IV. TAX CREDIT ALLOCATION - Lower of Tax Credit Request and Tax Credit Project Maximum                   807,072




             381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                        Part IV-Uses of Funds                                                                                                                                    35 of 83
                Georgia Department of Community Affairs                                                                                                            2012 Funding Application                                                                                   Office of Affordable Housing

                                                     PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                     PART FOUR - USES OF FUNDS - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                 CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
V. APPLICANT COMMENTS AND CLARIFICATIONS                                                                                              VI.   DCA COMMENTS - DCA USE ONLY
Backup for Barrow County Plan Review is based upon fees charged on a recently built, similar multi-family project in Barrow
County and is found in Tab 30. Applicant is the General Contractor. Construction costs were budgeted from current on-going
projects and past projects over the last four years. Construction costs are $91,000/unit. Back-up documentation for
construction costs is in Tab 8. Green Building Certification Fee is based upon our contract with Southface for a recently built,
similar multifamily project in Barrow County. Impact Fee = $50,000 for Winder Fire Tap Fee.
Land Cost: 7.639 acres x $75,000/acre = $572,925. See tab 10 for survey which confirms that site is 7.639 acres.
Operating Deficit Reserve = 6 months of debt service =49,924 + 6 months of operating expenses 147,600 = $197,524. Rent
Up Reserves = $4100 x72 units = $295,200/12*3=$73,800. Construction Loan Interest: We used 5.4% in calculating
construciton interest instead of the rate stated on the sources page of 4.5%. We thought 5.4% was a more conservative interest
rate particularly since rates could increase between the time of application and the time of actually closing on a construction
loan. Bridge loan interest and construction interest are combined in the construction interest cell.
Accounting: Cost Cert: $12,500 plus Contractor's Cost Cert: $10,000, Accessibilty Inspections & Plan Review: Contract will be
with Zeffert & Associates, $800 deposit + $1200 for initial inspection and comments + 3 site visits at $1400 per visit. Water
and Sewer Tap fees are $3500/unit and $4500/unit respectively. See documentation from the City of Winder and Barrow
County in Tab 30.                                                                                                                                                                                 NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start
Developer Fee Calculation: Total Developerent Costs = $10,556,591-Land $572,925-Builder Profit $344,846- Developer Fee                                                                            new paragraphs in the same box.
$1,200,000=$8,438,820*15%=$1,265,823. Developer Fee shown above $1,200,000. Applicant is requesting $807,072 in
annual credits and a 14% basis boost. This project qualifies for the boost since it is in a rural designated area. This small boost
is needed because the debt our rents can support leaves a gap in funding. We show a deferred fee of $5979 which is within
DCA guidelines. Furniture Fixtures and Equipment includes $20,000 for furnishings for the clubhouse, $5,000 for office
equipment and $10,000 for playground equipment.




                381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                      Part IV-Uses of Funds                                                                                                          36 of 83
   Georgia Department of Community Affairs                                                         2012 Funding Application                                                       Office of Affordable Housing




                     PART FIVE - UTILITY ALLOWANCES - 2012-038 Farmington Hills, Phase II, Winder, Barrow County

                                                        DCA Utility Region for project:         Middle

I. UTILITY ALLOWANCE SCHEDULE #1                        Source of Utility Allowances            DCA
                                                        Date of Utility Allowances              June 1, 2011                      Structure 2-Story Walkup
                                                          Paid By (check one)                    Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
  Utility              Fuel                                Tenant     Owner                         0           1           2          3          4
  Heat                 Electric                              X                                                  7           9         13
  Air Conditioning     Electric                              X                                                 32          41         49
  Cooking              Electric                              X                                                  9          12         14
  Hot Water            Electric                              X                                                 28          36         44
  Lights               Electric                              X                                                 26          33         41
  Water & Sewer        Submetered?             Yes           X                                                 50          64         78
  Refuse Collection                                                     X
  Total Utility Allowance by Unit Size                                                                0            152              195        239            0

II. UTILITY ALLOWANCE SCHEDULE #2                       Source of Utility Allowances
                                                        Date of Utility Allowances                                                Structure
                                                          Paid By (check one)                    Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
  Utility              Fuel                                Tenant     Owner                         0           1           2          3          4
  Heat                 <<Select Fuel >>
  Air Conditioning     Electric
  Cooking              <<Select Fuel >>
  Hot Water            <<Select Fuel >>
  Lights               Electric
  Water & Sewer        Submetered? <Select>
  Refuse Collection
  Total Utility Allowance by Unit Size                                                                0              0               0          0             0

  *Elderly allowances cannot be used except at properties that have 100% HUD PBRA and satisfy the DCA definition of "elderly"
  APPLICANT COMMENTS AND CLARIFICATIONS
  Utility Allowance taken from DCA website. Effective date is June 1, 2011. Farmington Hills II is in Barrow County, GA. Utility Allowances from the Middle         NOTE: Row size may be increased or
  Region were used.
                                                                                                                                                                  decreased as needed. Press and hold Alt-
  DCA COMMENTS
                                                                                                                                                                    Enter to start new paragraphs in the
                                                                                                                                                                                  same box.




   381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                               Part V-Utility Allowances                                                                   page 37 of 83
                                                    Georgia Department of Community Af f airs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               2012 Funding Application                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Of f ice of Af f ordable Housing




                                                PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County                                                                                                                         PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County

I.   RENT SCHEDULE                         DO NOT cut, copy or paste cells in this tab. For Common Space (non-income producing) units, select "N/A-CS" for Rent Type and "Common" for Employee Unit.                                                                    RENT SCHEDULE
     HOME projects - Fixed or Floating units:                                                                                                                                      MSA/NonMSA:                                 AMI
                                                                                                                PBRA Provider                                                      Atlanta-Sandy Springs-Marietta             69,300                 Rehabs Only:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Efficiency                                           Efficiency                                           Efficiency
     Are 100% of units HUD PBRA?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Efficiency     1 BR       2 BR       3 BR       4 BR     Efficiency       1 BR       2 BR       3 BR       4 BR     Efficiency     1 BR       2 BR       3 BR       4 BR
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Efficiency   1 BR    2 BR    3 BR    4 BR    Efficiency   1 BR    2 BR    3 BR    4 BR    Efficiency   1 BR    2 BR    3 BR    4 BR       PHA         PHA        PHA        PHA        PHA         PHA           PHA        PHA        PHA        PHA         PHA         PHA        PHA        PHA        PHA      Efficiency    1 BR     2 BR     3 BR                                                                                                                                                                                                                                                                                                                                                                            New       1 BR New 2 BR New 3 BR New 4 BR New        New       1 BR New 2 BR New 3 BR New 4 BR New        New       1 BR New 2 BR New 3 BR New 4 BR New       Efficiency
                                                                                                                 or Operating                                                                                                                                 Rental
                                                                                                                                       Monthly Net Rent                                                                        Affordable to:                                                                                                                                           Efficiency                                         Efficiency                                         Efficiency                                                                                                      PBRA       PBRA    PBRA    PBRA    PBRA      PBRA       PBRA    PBRA    PBRA    PBRA      PBRA       PBRA    PBRA    PBRA    PBRA    Oper Sub     Oper Sub   Oper Sub   Oper Sub   Oper Sub   Oper Sub       Oper Sub   Oper Sub   Oper Sub   Oper Sub   Oper Sub     Oper Sub   Oper Sub   Oper Sub   Oper Sub   Common       Common   Common   Common                                                                                                                                                                                                                                                                                                               Efficiency     1 BR       2 BR       3 BR       4 BR     Construct    Construct Construct Construct Construct Construct    Construct Construct Construct Construct Construct    Construct Construct Construct Construct        LI        1 BR      2 BR       3 BR        4 BR     Efficiency     1 BR       2 BR         3 BR
         Rent           Nbr of No. of Unit                 Unit      Max Gross Proposed               Utility                                                        Employee        Building        Type of                                        Current   Percent
                                                                                                                   Subsidy ***                                                                                                                                                                                                                                                             60%       1 BR 60% 2 BR 60% 3 BR 60% 4 BR 60%      50%       1 BR 50% 2 BR 50% 3 BR 50% 4 BR 50%      30%       1 BR 30%   2 BR 30% 3 BR 30% 4 BR 30%   Efficiency   1 BR Mkt   2 BR Mkt   3 BR Mkt   4 BR Mkt      30%        30%     30%     30%     30%       50%        50%     50%     50%     50%       60%        60%     60%     60%     60%       30%         30%        30%        30%        30%         50%           50%        50%        50%        50%         60%         60%        60%        60%        60%        Space       Space    Space    Space   4 BR Common    Efficiency 60%                                                           Efficiency   1 BR 50% 2 BR 50% 3 BR 50% 4 BR 50%   Efficiency   1 BR 30% 2 BR 30% 3 BR 30% 4 BR 30%   Efficiency   1 BR Mkt   2 BR Mkt   3 BR Mkt   4 BR Mkt   Efficiency     1 BR      2 BR      3 BR      4 BR    Common       Common     Common     Common     Common       ion LI       ion LI   ion LI    ion LI    ion LI    ion Mkt      ion Mkt   ion Mkt   ion Mkt   ion Mkt   ion CS        ion CS   ion CS    ion CS    ion CS     Acq/Rhb      Acq/Rhb    Acq/Rhb    Acq/Rhb    Acq/Rhb    Acq/Rhb      Acq/Rhb     Acq/Rhb     Acq/Rhb
         Type           Bdrms Baths Count                  Area      Rent Limit Gross Rent          Allowance                   Per Unit
                                                                                                                   (See note below)                    Total           Unit             Type         Activity                Income      % of AMI    Rent       Diff
                                                                                                                                                                                                                                                                        DCA COMMENTS                                                                                                      Units        Units    Units    Units    Units      Units        Units    Units    Units    Units      Units        Units      Units    Units    Units    Mkt Units      Units      Units      Units      Units      Units      Units   Units   Units   Units     Units      Units   Units   Units   Units     Units      Units   Units   Units   Units     Units       Units      Units      Units      Units       Units         Units      Units      Units      Units       Units       Units      Units      Units      Units       Units       Units    Units    Units    Space Units          SF        1 BR 60% SF   2 BR 60% SF   3 BR 60% SF   4 BR 60% SF    50% SF         SF       SF       SF       SF       30% SF         SF       SF       SF       SF       Mkt SF         SF         SF         SF         SF      PBRA SF      PBRA SF   PBRA SF   PBRA SF   PBRA SF   Space SF     Space SF   Space SF   Space SF   Space SF     Units        Units    Units     Units     Units      Units        Units     Units     Units     Units     Units         Units    Units     Units     Units       Units      LI Units   LI Units   LI Units   LI Units   Mkt Units    Mkt Units   Mkt Units   Mkt Units
        50% AMI           1     1.0     4                   740         641        641                  152                         489                 1,956           No         2-Story Walkup New Construction            25,640      49.33%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2960                                                                                                                                                                                                                                                                              4
        60% AMI           1     1.0     8                   740         769        641                  152                         489                 3,912           No         2-Story Walkup New Construction            25,640      49.33%
                                                                                                                                                                                                                                                                                                                                                                                                            8                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  5920                                                                                                                                                                                                                                                                                                                                                8
        50% AMI           2     2.0     4                  1,150        768        720                  195                         525                 2,100           No         2-Story Walkup New Construction            28,800      46.18%                                                                                                                                                                                                                         4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               4600                                                                                                                                                                                                                                                                               4
        60% AMI           2     2.0    32                  1,150        922        720                  195                         525                16,800           No         2-Story Walkup New Construction            28,800      46.18%
                                                                                                                                                                                                                                                                                                                                                                                                                   32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       36800                                                                                                                                                                                                                                                                                                                                         32
        50% AMI           3     2.0     3                  1,250        888        859                  239                         620                 1,860           No         2-Story Walkup New Construction            34,360      47.67%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               3750                                                                                                                                                                                                                                                                                3
        60% AMI           3     2.0    21                  1,250       1,065       859                  239                         620                13,020           No         2-Story Walkup New Construction            34,360      47.67%
                                                                                                                                                                                                                                                                                                                                                                                                                            21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            26250                                                                                                                                                                                                                                                                                                                                     21
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
       <<Select>>                                                                                                                   -                     -
                                TOTAL          72         80,280                                                          MONTHLY TOTAL                39,648
                                                                                                                                                                                                                                                                                                                                                                                                        8        32       21                               4         4        3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             5,920        36,800        26,250                                  2,960    4,600    3,750                                                                                                                                                                                                                                                       12         36        24
                                                                                                                            ANNUAL TOTAL              475,776
*** NOTE: When selecting "PHA Operating Subsidy" in the "PBRA Provider or Operating Subsidy" column above, please also then enter a zero in the "Proposed Gross Rent" column above AND include the PHA operating subsidy amount in the
"III. Ancillary and Other Income" section below. Also refer to the Application Instructions provided separately.




                                                    381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Part VI-Revenues & Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           38 of 83
                                             Georgia Department of Community Af f airs                                                                                                                                                                                                                               2012 Funding Application       Of f ice of Af f ordable Housing




                                             PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County                                                         PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County


                                                                                                                                                                                     ERROR     UNIT SUMMARY
II. UNIT SUMMARY                                                                                                                                                                                                                                                     UNIT SUMMARY
                                                                                                                                                                                     Between
   Units:                                                               Efficiency           1BR         2BR        3BR       4BR     Total                                                    DCA COMMENTS
                    Low-Income                               60% AMI             -                  8         32         21   -              61   (Includes manager units that are      61
                                                             50% AMI             -                  4          4          3   -              11   income restricted)                    11
NOTE TO                                                      T otal              -                 12         36         24   -              72                                         72
APPLICANTS: If      Unrestricted                                                 -             -          -          -        -          -
the numbers         Total Residential                                            -                 12         36         24   -              72                                         72
compiled in this    Common Space                                                 -             -          -          -        -          -        (no rent to be charged)
Summary do not      Total                                                        -                 12         36         24   -              72                                         72
appear to match                                                                                                                                                                                PBRA-Assisted
what was entered    PBRA-Assisted                            60% AMI             -             -          -          -        -          -
                    (included in LI above)                   50% AMI             -             -          -          -        -          -
in the Rent Chart
                                                             T otal              -             -          -          -        -          -
above, please
verify that all                                                                                                                                                                                PHA Operating Subsidy-Assisted
                    PHA Operating Subsidy-Assisted           60% AMI             -             -          -          -        -          -
applicable          (included in LI above)                   50% AMI             -             -          -          -        -          -
columns were                                                 T otal              -             -          -          -        -          -
completed in the    Type of Construction Activity                                                                                                                                              Type of Construction Activity
rows used in the                      New Construction       Low Inc             -                 12         36         24   -              72                                         72
Rent Chart                                                   Unrestricted        -             -          -          -        -          -
above.                                                       T otal + CS         -                 12         36         24   -              72                                         72
                                        Acq/Rehab            Low Inc             -             -          -          -        -          -
                                                             Unrestricted        -             -          -          -        -          -
                                                             T otal + CS         -             -          -          -        -          -
                                        Substantial Rehab    Low Inc             -             -          -          -        -          -
                                        Only                 Unrestricted        -             -          -          -        -          -
                                                             T otal + CS         -             -          -          -        -          -
                                        Adaptive Reuse                           -                                                       -
                                        Historic Rehab                           -                                                       -
                    Building Type:                                                                                                                                                             Building Type:
                                        Multifamily                              -                 12         36         24   -              72                                         72
                                                             1-Story             -             -          -          -        -          -
                                                             2-Story             -             -          -          -        -          -
                                                             2-Story Wlkp        -                 12         36         24   -              72
                                                             3+-Story            -             -          -          -        -          -
                                        SF Detached                              -             -          -          -        -          -
                                        Townhome                                 -             -          -          -        -          -
                                        Duplex                                   -             -          -          -        -          -
                                        Manufactured home                        -             -          -          -        -          -
   Unit Square Footage:                                                                                                                                                                        Unit Square Footage:                                                  Square Footage:
                  Low Income                                 60% AMI             -           5,920      36,800     26,250     -       68,970                                          68970
                                                             50% AMI             -           2,960       4,600      3,750     -       11,310                                          11310
                                                             T otal              -           8,880      41,400     30,000     -       80,280                                          80280
                    Unrestricted                                                 -             -           -          -       -          -
                    Total Residential                                            -           8,880      41,400     30,000     -       80,280                                          80280
                    Common Space                                                 -             -           -          -       -          -
                    Total                                                        -           8,880      41,400     30,000     -       80,280                                          80280




                                             381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                                                                                                     Part VI-Revenues & Expenses                            39 of 83
                                         Georgia Department of Community Af f airs                                                                                                                                                                                                                            2012 Funding Application       Of f ice of Af f ordable Housing




                                         PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County                                                      PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County


III. ANCILLARY AND OTHER INCOME (annual amounts)                                                                                                                                           DCA COMMENTS

   Ancillary Income                                                        9,516                                Laundry, vending, app fees, etc. Percent of potential gross income:
                                                                                                                                                                         2.00%             Ancillary Income

                                                                                                                                                                                           Other Income (OI) by Year:
   Other Income (OI) by Year:

                                                                                                                                                                                           Included in Mgt Fee:
   Included in Mgt Fee:                                       1             2             3     4          5           6              7              8                9               10
   Operating Subsidy
   Other:
                   Total OI in Mgt Fee                         -             -             -     -          -              -              -              -                -            -
                                                                                                                                                                                           NOT Included in Mgt Fee:
   NOT Included in Mgt Fee:
   Property Tax Abatement
   Other:
                   Total OI NOT in Mgt Fee                     -             -             -     -          -              -              -              -                -            -

                                                                                                                                                                                           Years 11 - 20

                                                                                                                                                                                           Included in Mgt Fee:
   Included in Mgt Fee:                                      11            12            13     14        15           16            17             18               19               20
   Operating Subsidy
   Other:
                   Total OI in Mgt Fee                         -             -             -     -          -              -              -              -                -            -
                                                                                                                                                                                           NOT Included in Mgt Fee:
   NOT Included in Mgt Fee:
   Property Tax Abatement
   Other:
                   Total OI NOT in Mgt Fee                     -             -             -     -          -              -              -              -                -            -

                                                                                                                                                                                           Years 21 - 30

                                                                                                                                                                                           Included in Mgt Fee:
   Included in Mgt Fee:                                      21            22            23     24        25           26            27             28               29               30
   Operating Subsidy
   Other:
                   Total OI in Mgt Fee                         -             -             -     -          -              -              -              -                -            -

   NOT Included in Mgt Fee:                                                                                                                                                                NOT Included in Mgt Fee:
   Property Tax Abatement
   Other:
                   Total OI NOT in Mgt Fee                     -             -             -     -          -              -              -              -                -            -




                                         381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                                                                                                  Part VI-Revenues & Expenses                            40 of 83
                                                   Georgia Department of Community Af f airs                                                                                                                                                                                                                                2012 Funding Application       Of f ice of Af f ordable Housing




                                                  PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County                                                           PART SIX - PROJECTED REVENUES & EXPENSES - 2012-038 Farmington Hills, Phase II, W inder, Barrow County

IV. ANNUAL OPERATING EXPENSE BUDGET                                                                                                                                                                         ANNUAL OPERATING EXPENSE BUDGET

    On-Site Staff Costs                                                                              On-Site Security                                       Taxes and Insurance
                                                                         42,000
    Management Salaries & Benefits                                                                   Contracted Guard                                       Real Estate Taxes (Gross)*             78,000
    Maintenance Salaries & Benefits                                      34,000                      Electronic Alarm System                                Insurance**                            19,800
    Support Services Salaries & Benefits                                                                                Subtotal                            Other (describe here)
    Other (describe here)
                                                                                                                                                               Subtotal                            97,800
                                                                         76,000
                    Subtotal

    On-Site Office Costs                                                                             Professional Services                                                                         27,079
                                                                                                                                                            Management Fee:
    Office Supplies & Postage                                              1,250                     Legal                                       7,000         404.41   per unit per year
                                                                           2,400                                                                 6,500
    Telephone                                                                                        Accounting                                                  33.70       per unit per month
                                                                             400                                                                 6,500
    Travel                                                                                           Advertising
    Leased Furniture / Equipment                                                                     Other (describe here)                                  (Management Fee is from Pro Forma, Section
                                                                           5,000                                                                20,000      1, Operating Assumptions)
    Activities Supplies / Overhead Cost                                                                                 Subtotal
    Other (describe here)
                                                                           9,050
                    Subtotal

    Maintenance Expenses                                                                             Utilities          ($/mth/unit)                        TOTAL OPERATING EXPENSES
    Contracted Repairs                                                     9,000                     Electricity           9.26                  8,000           4,100       per unit             295,200
                                                                         10,000
    General Repairs                                                                                  Natural Gas
                                                                           8,500                                                                 7,000
    Grounds Maintenance                                                                              Water&Swr             8.10
                                                                           4,000                                                                 7,500
    Extermination                                                                                    Trash Collection                                       Replacement Reserve                    18,000
                                                                           7,271
    Maintenance Supplies                                                                             Other (describe here)                                  Enter desired per unit amount:           250
    Elevator Maintenance                                                                                                Subtotal                22,500
                                                                           4,000
    Redecorating
    Other (describe here)
                                                                                                                                                            TOTAL ANNUAL EXPENSES
                                                                         42,771
                    Subtotal                                                                                                                                                                      313,200

V. APPLICANT COMMENTS AND CLARIFICATIONS                                                                                               VI.   DCA COMMENTS
Please see letter from WS Pharr in Tab 8 documenting insurance operating costs for this project. They estimated the insurance
cost by taking $275 * 72 units.

Please see letter from Easley, Mccaleb in Tab 8 documenting property taxes for this project. The estimate is calculated as follows:
Estimated appraised value is $6,100,000. This amount is multiplied by 40% , then multiplied by the millage rate for Barrow County                                                                           NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
of 30.458 plus an increase of 5% for three years. For the first few of operations taxes will be high until applicant can                                                                                    paragraphs in the same box.
demonstrate an operating history where taxes can be based upon the net operating income basis instead of a construction cost
basis.




                                                   381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                                                                                                      Part VI-Revenues & Expenses                            41 of 83
Georgia Department of Community Af f airs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     2012 Funding Application                                                                                                                                                                                                                                                                                                                                                                                                                                                          Of f ice of Af f ordable Housing




                                                                                                                                                                                                                                                                                                                                                                   0 BR       1 BR       2 BR       3 BR       4 BR                                                             0 BR     1 BR     2 BR     3 BR     4 BR      0 BR       1 BR       2 BR       3 BR       4 BR         0 BR     1 BR      2 BR      3 BR      4 BR      0 BR      1 BR      2 BR      3 BR      4 BR      0 BR      1 BR      2 BR      3 BR      4 BR       0 BR       1 BR       2 BR       3 BR       4 BR
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Efficiency
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           New      1 BR New 2 BR New 3 BR New 4 BR New       Efficiency     1 BR      2 BR     3 BR       4 BR    Efficiency    1 BR    2 BR    3 BR    4 BR
                                                                   Efficiency                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Effic   1 BR    2 BR    3 BR    4 BR                                                 Construct    Construct Construct Construct Construct      NSP       Acq/Rhb   Acq/Rhb   Acq/Rhb   Acq/Rhb    Rehab       Rehab   Rehab   Rehab   Rehab
                                                         4 BR          CS        1 BR       2 BR       3 BR       4 BR      Efficiency    1 BR       2 BR       3 BR       4 BR      Efficiency     1 BR        2 BR        3 BR        4 BR      Efficiency    1 BR       2 BR       3 BR       4 BR                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             120%    120%    120%    120%    120%     Effic    1 BR     2 BR     3 BR     4 BR     ion NSP      ion NSP  ion NSP   ion NSP   ion NSP       120%         NSP       NSP      NSP        NSP        NSP        NSP     NSP     NSP     NSP
                                                       Acq/Rhb     Acq/Rhb      Acq/Rhb    Acq/Rhb    Acq/Rhb    Acq/Rhb    Rehab LI     Rehab LI   Rehab LI   Rehab LI   Rehab LI    Rehab        Rehab       Rehab       Rehab       Rehab       Rehab        Rehab      Rehab      Rehab      Rehab     0 BR MF    1 BR       2 BR       3 BR       4 BR      SF Det'd   SF Det'd   SF Det'd   SF Det'd   SF Det'd    0 BR       1 BR       2 BR       3 BR       4 BR      Duplex   Duplex   Duplex   Duplex   Duplex   Townhom    Townhom    Townhom    Townhom    Townhom      1-Story   1-Story   1-Story   1-Story   1-Story   2-Story   2-Story   2-Story   2-Story   2-Story   2-Story   2-Story   2-Story   2-Story   2-Story   3+ Story   3+ Story   3+ Story   3+ Story   3+ Story   NSP      NSP     NSP     NSP     NSP     120%     120%     120%     120%     120%       120%         120%     120%      120%      120%      Acq/Rhb       120%      120%      120%      120%       120%       120%    120%    120%    120%
                                                       Mkt Units     Units      CS Units   CS Units   CS Units   CS Units     Units       Units      Units      Units      Units     Mkt Units    Mkt Units   Mkt Units   Mkt Units   Mkt Units   CS Units     CS Units   CS Units   CS Units   CS Units     Units   MF Units   MF Units   MF Units   MF Units    Units      Units      Units      Units      Units     MH Units   MH Units   MH Units   MH Units   MH Units    Units    Units    Units    Units    Units    e Units    e Units    e Units    e Units    e Units      Units     Units     Units     Units     Units     Units     Units     Units     Units     Units     Wlkp      Wlkp      Wlkp      Wlkp      Wlkp      Units      Units      Units      Units      Units     Units   Units   Units   Units   Units   NSP SF   NSP SF   NSP SF   NSP SF   NSP SF      Units        Units    Units     Units     Units       Units       Units     Units     Units     Units      Units      Units   Units   Units   Units
                                                                                                                                                                                                                                                                                                                        4                                                                                                                                                                                                                                                                                                                                                                              4
                                                                                                                                                                                                                                                                                                                        8                                                                                                                                                                                                                                                                                                                                                                              8
                                                                                                                                                                                                                                                                                                                                    4                                                                                                                                                                                                                                                                                                                                                                            4
                                                                                                                                                                                                                                                                                                                                   32                                                                                                                                                                                                                                                                                                                                                                           32
                                                                                                                                                                                                                                                                                                                                               3                                                                                                                                                                                                                                                                                                                                                                           3
                                                                                                                                                                                                                                                                                                                                              21                                                                                                                                                                                                                                                                                                                                                                          21




                                                                                                                                                                                                                                                                                                                        12         36         24                                                                                                                                                                                                                                                                                                                                                      12        36        24




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Part VI-Revenues & Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                               42 of 83
Georgia Department of Community Af f airs              2012 Funding Application       Of f ice of Af f ordable Housing




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Georgia Department of Community Af f airs              2012 Funding Application       Of f ice of Af f ordable Housing




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012    Part VI-Revenues & Expenses                            44 of 83
Georgia Department of Community Af f airs              2012 Funding Application       Of f ice of Af f ordable Housing




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012    Part VI-Revenues & Expenses                            45 of 83
    Georgia Department of Community Affairs                                                                                                                                  2012 Funding Application                                                                                                 Office of Affordable Housing


                                 PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                                                                                DCA COMMENTS
I. OPERATING ASSUMPTIONS                                           Please Note:                   Green-shaded cells are unlocked for your use and contain references/formulas that may be overwritten if needed.       I. OPERATING ASSUMPTIONS
Revenue Growth               2.00%                                 Asset Management Fee Amount                                 5,400      Yr 1 Asset Mgt Fee Percentage of EGI:                          1.20%
Expense Growth               3.00%                                 Incentive Management Fee Amount                                        Yr 1 Incent Mgt Fee Percentage of EGI:                         #REF!
Reserves Growth              3.00%                                 Property Mgt Fee Growth Rate (choose one):                             Yr 1 Prop Mgt Fee Percentage of EGI:                           6.00%
Vacancy & Collection Loss    7.00%                                    Expense Growth Rate (3.00%)                                  No --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit       2.00%                                    Percent of Effective Gross Income                           Yes --> If Yes, indicate actual percentage:                              6.000%

II. OPERATING PRO FORMA                                                                                                                                                                                                 II. OPERATING PRO FORMA
Year                                     1                2                   3              4                 5                   6                  7                   8                  9                  10      Years 1 - 10
Revenues                          475,776          485,292             494,997        504,897           514,995             525,295            535,801             546,517            557,447             568,596
Ancillary Income                    9,516            9,706               9,900         10,098            10,300              10,506             10,716              10,930             11,149              11,372
Vacancy                           (33,970)         (34,650)            (35,343)       (36,050)          (36,771)            (37,506)           (38,256)            (39,021)           (39,802)            (40,598)
Other Income (OI)                     -                -                   -              -                 -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee             -                -                   -              -                 -                   -                  -                   -                  -                   -
Expenses less Mgt Fee            (268,121)        (276,165)           (284,450)      (292,983)         (301,773)           (310,826)          (320,150)           (329,755)          (339,648)           (349,837)
Property Mgmt                     (27,079)         (27,621)            (28,173)       (28,737)          (29,311)            (29,898)           (30,496)            (31,106)           (31,728)            (32,362)
Reserves                          (18,000)         (18,540)            (19,096)       (19,669)          (20,259)            (20,867)           (21,493)            (22,138)           (22,802)            (23,486)
NOI                               138,121          138,022             137,836        137,556           137,182             136,704            136,121             135,427            134,617             133,686
Mortgage A                        (99,848)         (99,848)            (99,848)       (99,848)          (99,848)            (99,848)           (99,848)            (99,848)           (99,848)            (99,848)
Mortgage B                            -                -                   -              -                 -                   -                  -                   -                  -                   -
Mortgage C                            -                -                   -              -                 -                   -                  -                   -                  -                   -
D/S Other Source                      -                -                   -              -                 -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.
Asset Mgmt                          (5,400)         (5,400)              (5,400)      (5,400)             (5,400)            (5,400)             (5,400)            (5,400)             (5,400)            (5,400)
DDF                                 (2,990)         (2,989)                              -                   -                  -                   -                  -                   -                  -
Cash Flow                           29,884          29,785              32,588        32,309              31,934             31,456              30,874             30,180              29,369             28,438
DCR Mortgage A                        1.38            1.38                1.38          1.38                1.37               1.37                1.36               1.36                1.35               1.34
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio              1.44            1.43                 1.42           1.40              1.39               1.38                1.37               1.35                1.34               1.33
Mortgage A Balance              1,179,030       1,167,209            1,154,470      1,140,741         1,125,947          1,110,005           1,092,825          1,074,311           1,054,360          1,032,860
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Char Balance               -                   -                -             -                   -                   -                   -                  -                   -                  -
DDF Balance                          2,989                     0                0             0                   0                   0                   0                  0                   0                  0




    381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                            Part VII-Pro Forma                                                                                                                      46 of 83
    Georgia Department of Community Affairs                                                                                                                                  2012 Funding Application                                                                                                 Office of Affordable Housing


                                 PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                                                                                DCA COMMENTS
I. OPERATING ASSUMPTIONS                                           Please Note:                   Green-shaded cells are unlocked for your use and contain references/formulas that may be overwritten if needed.       I. OPERATING ASSUMPTIONS
Revenue Growth                2.00%                                Asset Management Fee Amount                                 5,400      Yr 1 Asset Mgt Fee Percentage of EGI:                          1.20%
Expense Growth                3.00%                                Incentive Management Fee Amount                                        Yr 1 Incent Mgt Fee Percentage of EGI:                         #REF!
Reserves Growth               3.00%                                Property Mgt Fee Growth Rate (choose one):                             Yr 1 Prop Mgt Fee Percentage of EGI:                           6.00%
Vacancy & Collection Loss     7.00%                                   Expense Growth Rate (3.00%)                                  No --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit        2.00%                                   Percent of Effective Gross Income                           Yes --> If Yes, indicate actual percentage:                              6.000%

II. OPERATING PRO FORMA                                                                                                                                                                                                 II. OPERATING PRO FORMA
Year                                    11               12                  13            14                 15                  16                 17                  18                 19                  20      Years 11 - 20
Revenues                          579,968          591,568             603,399       615,467            627,776             640,332            653,138             666,201            679,525             693,116
Ancillary Income                   11,599           11,831              12,068        12,309             12,556              12,807             13,063              13,324             13,591              13,862
Vacancy                           (41,410)         (42,238)            (43,083)      (43,944)           (44,823)            (45,720)           (46,634)            (47,567)           (48,518)            (49,488)
Other Income (OI)                     -                -                   -             -                  -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee             -                -                   -             -                  -                   -                  -                   -                  -                   -
Expenses less Mgt Fee            (360,332)        (371,142)           (382,276)     (393,745)          (405,557)           (417,724)          (430,255)           (443,163)          (456,458)           (470,152)
Property Mgmt                     (33,009)         (33,670)            (34,343)      (35,030)           (35,731)            (36,445)           (37,174)            (37,918)           (38,676)            (39,449)
Reserves                          (24,190)         (24,916)            (25,664)      (26,434)           (27,227)            (28,043)           (28,885)            (29,751)           (30,644)            (31,563)
NOI                               132,626          131,433             130,101       128,624            126,994             125,207            123,253             121,126            118,820             116,326
Mortgage A                        (99,848)         (99,848)            (99,848)      (99,848)           (99,848)            (99,848)           (99,848)            (99,848)           (99,848)            (99,848)
Mortgage B                            -                -                   -             -                  -                   -                  -                   -                  -                   -
Mortgage C                            -                -                   -             -                  -                   -                  -                   -                  -                   -
D/S Other Source                      -                -                   -             -                  -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.
Asset Mgmt                            (5,400)       (5,400)             (5,400)       (5,400)             (5,400)                                   -                  -                   -                  -
DDF                                                    -                   -             -                   -                  -                   -                  -                   -                  -
Cash Flow                           27,378          26,185              24,853        23,376              21,746             25,359              23,405             21,278              18,972             16,478
DCR Mortgage A                        1.33            1.32                1.30          1.29                1.27               1.25                1.23               1.21                1.19               1.17
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio              1.32             1.31                1.29          1.28               1.27                1.26               1.25                1.24               1.23                1.21
Mortgage A Balance              1,009,691          984,724             957,818       928,823            897,577             863,906            827,621             788,518            746,380             700,971
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Charity Balance              -                 -                -             -                   -                   -                   -                  -                   -                  -
DDF Balance                                  0                 0                0             0                   0                   0                   0                  0                   0                  0




    381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                            Part VII-Pro Forma                                                                                                                      47 of 83
    Georgia Department of Community Affairs                                                                                                                                  2012 Funding Application                                                                                                 Office of Affordable Housing


                                 PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                                                                                DCA COMMENTS
I. OPERATING ASSUMPTIONS                                           Please Note:                   Green-shaded cells are unlocked for your use and contain references/formulas that may be overwritten if needed.       I. OPERATING ASSUMPTIONS
Revenue Growth                2.00%                                Asset Management Fee Amount                                 5,400      Yr 1 Asset Mgt Fee Percentage of EGI:                          1.20%
Expense Growth                3.00%                                Incentive Management Fee Amount                                        Yr 1 Incent Mgt Fee Percentage of EGI:                         #REF!
Reserves Growth               3.00%                                Property Mgt Fee Growth Rate (choose one):                             Yr 1 Prop Mgt Fee Percentage of EGI:                           6.00%
Vacancy & Collection Loss     7.00%                                   Expense Growth Rate (3.00%)                                  No --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit        2.00%                                   Percent of Effective Gross Income                           Yes --> If Yes, indicate actual percentage:                              6.000%

II. OPERATING PRO FORMA                                                                                                                                                                                                 II. OPERATING PRO FORMA
Year                                    21               22                  23            24                 25                  26                 27                  28                 29                  30      Years 21 - 30
Revenues                          706,978          721,118             735,540       750,251            765,256             780,561            796,172             812,096            828,338             844,904
Ancillary Income                   14,140           14,422              14,711        15,005             15,305              15,611             15,923              16,242             16,567              16,898
Vacancy                           (50,478)         (51,488)            (52,518)      (53,568)           (54,639)            (55,732)           (56,847)            (57,984)           (59,143)            (60,326)
Other Income (OI)                     -                -                   -             -                  -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee             -                -                   -             -                  -                   -                  -                   -                  -                   -
Expenses less Mgt Fee            (484,256)        (498,784)           (513,748)     (529,160)          (545,035)           (561,386)          (578,227)           (595,574)          (613,441)           (631,845)
Property Mgmt                     (40,238)         (41,043)            (41,864)      (42,701)           (43,555)            (44,426)           (45,315)            (46,221)           (47,146)            (48,089)
Reserves                          (32,510)         (33,485)            (34,490)      (35,525)           (36,590)            (37,688)           (38,819)            (39,983)           (41,183)            (42,418)
NOI                               113,635          110,740             107,632       104,302            100,742              96,940             92,888              88,575             83,991              79,124
Mortgage A                        (99,848)         (99,848)            (99,848)      (99,848)           (99,848)            (99,848)           (99,848)            (99,848)           (99,848)            (99,848)
Mortgage B                            -                -                   -             -                  -                   -                  -                   -                  -                   -
Mortgage C                            -                -                   -             -                  -                   -                  -                   -                  -                   -
D/S Other Source                      -                -                   -             -                  -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.
Asset Mgmt                             -               -                   -             -                    -                  -                  -                  -                   -                  -
DDF                                    -               -                   -             -                    -                  -                  -                  -                   -                  -
Cash Flow                           13,787          10,892               7,784         4,455                  894             (2,908)            (6,960)           (11,272)            (15,857)           (20,724)
DCR Mortgage A                        1.14            1.11                1.08          1.04                 1.01               0.97               0.93               0.89                0.84               0.79
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio              1.20             1.19                1.18          1.17               1.16                1.15               1.14                1.13                1.12                 1.11
Mortgage A Balance                652,037          599,304             542,476       481,238            415,245             344,129            267,492             184,905              95,907                   (0)
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Charity Balance             -                  -                -             -                   -                   -                   -                  -                   -                  -
DDF Balance                                 0                  0                0             0                   0                   0                   0                  0                   0                  0




    381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                            Part VII-Pro Forma                                                                                                                      48 of 83
      Georgia Department of Community Affairs                                                                                                                                                 2012 Funding Application                                                                                              Office of Affordable Housing


                                          PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County                                                                                                     PART SEVEN - OPERATING PRO FORMA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                                                                                              DCA COMMENTS
I. OPERATING ASSUMPTIONS                                                    Please Note:                            Green-shaded cells are unlocked for your use and contain references/formulas that may be overwritten if needed.   I. OPERATING ASSUMPTIONS
Revenue Growth                       2.00%                                  Asset Management Fee Amount                                          5,400      Yr 1 Asset Mgt Fee Percentage of EGI:                          1.20%
Expense Growth                       3.00%                                  Incentive Management Fee Amount                                                 Yr 1 Incent Mgt Fee Percentage of EGI:                         #REF!
Reserves Growth                      3.00%                                  Property Mgt Fee Growth Rate (choose one):                                      Yr 1 Prop Mgt Fee Percentage of EGI:                           6.00%
Vacancy & Collection Loss            7.00%                                     Expense Growth Rate (3.00%)                                           No --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit               2.00%                                     Percent of Effective Gross Income                                    Yes --> If Yes, indicate actual percentage:                              6.000%

II. OPERATING PRO FORMA                                                                                                                                                                                                               II. OPERATING PRO FORMA
III. Applicant Comments & Clarifications                                                                                                  IV. DCA Comments

Region's asset management fee is $75 per unit, per year. See page 11 of Regions' Equity Commitment in Tab 5. The State Limited
Partner will not charge an asset management fee. See page 5 of Gardner Capital's Equity Commitment.

Please note that the property tax estimate that is included in the Expenses less Mgt Fee line item, we believe is inflated. We disagree
with Easely Macaleb's estimate (found in Tab 8), but are using it because it is required for the application. In our experience of
developing and managing low income properties, we have never had to pay $1,083/unit in property taxes. We've included the amount
on the revenue page as required. In doing so, the cashflow is inacurratley deflated on the proforma page. Each year, we re-assess our
property taxes on an NOI basis. Once we meet one year of stabilization, we will be able to appeal our taxes on an annual basis and feel
comfortable that our property tax bill will fall within industry standards.
                                                                                                                                                                                                                                      NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
                                                                                                                                                                                                                                      paragraphs in the same box.
The schedule for repayment of the deferred developer fee can be found in the Limited Partnership Agreement in Tab 3, item #17.




      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                                                                            Part VII-Pro Forma                                                                                                                  49 of 83
         Georgia Department of Community Affairs                                                2012 Funding Application                                                  Office of Affordable Housing
                             PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                    Applicant   DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
DCA's Comments / Approval Conditions:
1.)


2.)
                                                                                                                                                        Please increase
3.)
                                                                                                                                                        or decrease row
                                                                                                                                                        size as needed.
4.)

5.)

6.)

7.)


8.)

9.)
                                                                                                                                                        Please increase
10.)
                                                                                                                                                        or decrease row
                                                                                                                                                        size as needed.
11.)

12.)

13.)

14.)

15.)


16.)
                                                                                                                                                        Please increase
17.)
                                                                                                                                                        or decrease row
                                                                                                                                                        size as needed.
18.)

19.)


20.)




         381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                      Part VIII-Threshold Criteria                                                                 50 of 83
           Georgia Department of Community Affairs                                                                                         2012 Funding Application                                                                                 Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                                  Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
1   PROJECT FEASIBILITY, VIABILITY ANALYSIS, AND CONFORMANCE WITH PLAN                                                                                                          Pass?

    A. Are any commitments submitted as “Under Consideration” which need final approval before July 13, 2012?                                                                       A)       No
    B. If yes, then state the applicable financial assistance/funding:                                                       << Select >>
    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                                       Row size may be increased.
    DCA's Comments:
                                                                                                                                                                                                                       Row size may be increased.



2   TENANCY CHARACTERISTICS                                                                                                                                                     Pass?
        This project is designated as:                                                                           Family                                                                     Yes
    Applicant's comments regarding this section of Threshold:                                                   DCA's Comments:
Farmington Hills Phase II is a family project.

3   REQUIRED SERVICES                                                                                                                                                           Pass?

     A. Applicants certify that all selected services will meet QAP policies. Does Applicant agree?                                                                                        Agree
     B. Specify below at least 1 basic ongoing service from categories listed below for Family projects, or at least a total of 2 basic ongoing services from different categories listed below for Senior projects:
         1) Social and recreational programs planned and overseen by project mgr                                                                                                     1)      Yes
         2) Semi-monthly classes conducted on site                                                                                                                                   2)      Yes
         3) Other service approved by DCA                                                                                3)
    Applicant's comments regarding this section of Threshold:
Applicant will provide semi-monthly movie nights, pot luck dinners, holiday parties held in the clubhouse.
    DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                Part VIII-Threshold Criteria                                                                                               51 of 83
           Georgia Department of Community Affairs                                                                                           2012 Funding Application                                                    Office of Affordable Housing
                                    PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                                    Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
4   MARKET FEASIBILITY                                                                                                                                                            Pass?

     A. Provide the name of the market study analyst used by applicant:                                                                A. Real Property Research Group
     B. Project absorption period to reach stabilized occupancy                                                                        B. 8 units per month
     C. Stabilization period                                                                                                          C. 9 months
     D. Overall capture rate for credit units                                                                                         D. 10%
     E. List DCA tax credit projects (inside a 2-mile radius for urban or, for rural, the greater of a 10-mile radius or the local
                                                                                                                                                                               E.
        jurisdiction) for years 2009 - 2011. Include both DCA project number and project name in each case.
             Project Nbr Project Name                                                  Project Nbr Project Name                                          Project Nbr Project Name
          1 2010-059 Farmington Hills, Phase I                                     3                                                                  5
          2 2011-049 Stratford Court                                               4                                                                  6
     F. Does the unit mix/rents and amenities included in the application match those provided in the market study?                                                            F.             Yes
    Applicant's comments regarding this section of Threshold:
Farmington Hills, Phase I is in Barrow County and is the first phase of this application. See page 61 of the market study for information on Absorbtion.

    DCA's Comments:



5   APPRAISALS                                                                                                                                                                    Pass?

     A. Is there is an identity of interest between the buyer and seller of the project?                                                                                             A.     Yes
     B. Is an appraisal included in this application submission?                                                                                                                     B.     Yes
            If an appraisal is included, indicate Appraiser's Name and answer the following questions:         Appraiser's Name:                                             Meridian Advisors, LLC
         1) Does it include the “as is” value, "as built/as complete" (encumbered), "as built/ as complete" (unencumbered) values of the proposed subject property                   1)
                                                                                                                                                                                            No
            and tax credit value?
          2) Does the “as is” value delineate the value of the land and building?                                                                                                      2)      No
          3) For LIHTC projects involving DCA HOME funds, does the total hard cost of the project exceed 90% of the as completed unencumbered appraised                                3)
             value of the property?
      C. If an identity of interest exists between the buyer and seller, did the seller purchase this property within the past three (3) years?                                         C.     Yes
      D. Has the property been:
          1) Rezoned?                                                                                                                                                                   1)     Yes
          2) Subdivided?                                                                                                                                                                2)     Yes
          3) Modified?                                                                                                                                                                  3)      No
     Applicant's comments regarding this section of Threshold:
Property was re-zoned August 12, 2008 by the previous owner.
MHL, Inc., the developer, is the owner of the property. If tax credits are awarded, MHL will sell the land to Farmington Hills II, LP, a related entity, for the exact same price it paid (See Tab 9 for a copy of the
closing statement). The cost of the land for Phase II was negotiated at the same time the land for Farmington Hills Phase I was put under contract. The land cost is lower than the appraised value. An
appraisal was done for the land value and can be found in Tab 32. Farmington Hills Phase I and Phase II were originally one parcel. The parcel was subdivided when Farmington Hills Phase I was awarded.


    DCA's Comments:




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          Georgia Department of Community Affairs                                                                                      2012 Funding Application                                                                   Office of Affordable Housing
                                 PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                              Applicant      DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
6   ENVIRONMENTAL REQUIREMENTS                                                                                                                                              Pass?

    A. Name of Company that prepared the Phase I Assessment:                                                                      A. United Consulting
    B. Is a Phase II Environmental Report included?                                                                                                                             B.   No
    C. Was a Noise Assessment performed?                                                                                                                                        C.   No
        1) If "Yes", name of company that prepared the noise assessment?                                                          1)
        2) If "Yes", provide the maximum noise level on site in decibels:                                                                                                       2)
        3) If "Yes", what are the contributing factors in decreasing order of magnitude?

    D. Is the subject property located in a:                                                                                                                                    D.
        1) Brownfield?                                                                                                                                                          1)   No
        2) 100 year flood plain / floodway?                                                                                                                                     2)   No
           If "Yes":                 a) Percentage of site that is within a floodplain:                                                                                         a)
                                     b) Will any development occur in the floodplain?                                                                                           b)
                                      c) Is documentation provided as per Threshold criteria?                                                                                   c)
        3) Wetlands?                                                                                                                                                            3)   No
           If "Yes":                 a) Enter the percentage of the site that is a wetlands:                                                                                    a)
                                     b) Will any development occur in the wetlands?                                                                                             b)
                                      c) Is documentation provided as per Threshold criteria?                                                                                   c)
        4) State Waters/Streams/Buffers and Setbacks area?                                                                                                                      4)   No
    E. Has the Environmental Professional identified any of the following on the subject property:
        1) Asbestos?                          No                                 4) Mold?          No                             7) Radon?                                No
        2) Lead-based paint?                  No                                 5) Lead in wtr    No                             8) Endangered species?                   No
        3) Water leaks?                       No                                 6) PCB's?         No                             9) Historic designation?                 No
      10) Other (e.g., Native American burial grounds, etc.):                                   NONE
    F. Is all additional environmental documentation required for a HOME application included?                                                                                  F.   N/A
        1) Eight-Step Process for Wetlands and/or Floodplains required?                                                                                                         1)
        2) Has Applicant/PE completed the HOME and HUD Environmental Questionnaire?                                                                                             2)
        3) Owner agrees that they must refrain from undertaking any activities that could have an adverse effect on the subject property?                                       3)
    G. If HUD approval has been previously granted, has the HUD Form 4128 been included?                                                                                        G.

    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                     Row size may be increased.
    DCA's Comments:
                                                                                                                                                                                                     Row size may be increased.




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           Georgia Department of Community Affairs                                                                                     2012 Funding Application                                                 Office of Affordable Housing
                                  PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                             Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
7   SITE CONTROL                                                                                                                                                           Pass?
     A. Is site control provided through November 30, 2012?                                                                                                                    A.      Yes
     B. Form of site control:                                                                                                                     B. Contract/Option
     C. Name of Entity with site control:                                                               C. MHL, Inc.
    Applicant's comments regarding this section of Threshold:
The site is owned by MHL, Inc. Farmington Hills II, LP will purchase the site. The Purchase Agreement is found in Tab 9.
    DCA's Comments:


8   SITE ACCESS                                                                                                                                                            Pass?
     A. Is this site legally accessible by paved roads and are drawings or photographs included showing these roads?                                                           A.       Yes
     B. If access roads are not in place, does the application contain documentation evidencing a local commitment for the funding and the timetable for the                   B.
        completion of such paved roads?
     C. If use of private drive proposed, is site control of private drive documented by proof of ownership or by a properly executed easement on private drive, and           C.
                                                                                                                                                                                        Yes
        are the plans for paving private drive, including associated development costs, adequately addressed in Application?
     Applicant's comments regarding this section of Threshold:
The main entrance to the site is off of Haymon Morris Road on the east side of the property. There is another access point to the site off of the shared drive between Farmington Hills Phase I and Phase II.
This shared drive will be dedicated to Barrow County once Farmington Hills Phase I receives its Certificates of Occupancy. There is currently a shared easement agreement.
    DCA's Comments:


9   SITE ZONING                                                                                                                                                            Pass?
     A. Is Zoning in place at the time of this application submission?                                                                                                         A.      Yes
     B. Does zoning of the development site conform to the site development plan?                                                                                              B.      Yes
     C. Is the zoning confirmed, in writing, by the authorized Local Government official?                                                                                      C.      Yes
        If "Yes":                    1) Is this written confirmation included in the Application?                                                                              1)      Yes
                                     2) Does the letter include the zoning and land use classification of the property?                                                        2)      Yes
                                     3) Is the letter accompanied by a clear explanation of the requirements (copy of the applicable sections of the zoning                    3)      Yes
                                         ordinance for the stated classification)?
                                     4) Is the letter accompanied by all conditions of these zoning and land use classifications?                                              4)      Yes
                                     5) If project is requesting HOME or HUD funds, does Local Government official also comment on whether project will include                5)
                                         development of prime or unique farmland?
     D. Is documentation provided (on the Architectural Site Conceptual Development Plan either graphically or in written form) that demonstrates that the site                D.
                                                                                                                                                                                       Yes
        layout conforms to any moratoriums, density, setbacks or other requirements?
     E. Are all issues and questions surrounding the zoning and land use classification clearly defined prior to this application submission?                                  E.     Yes
     Applicant's comments regarding this section of Threshold:
Farmington Hills Phase II is zoned R-3 MPD. Setbacks, density and other requirements are included in the Architectural Site Conceptual Plan. ( Relevant sections of the zoning ordinance are found in Tab
11.)
    DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                            Part VIII-Threshold Criteria                                                               54 of 83
           Georgia Department of Community Affairs                                                                                        2012 Funding Application                                                               Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                              Applicant     DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
10 OPERATING UTILITIES                                                                                                                                                      Pass?
     A. Check applicable utilities and enter provider name:                    1) Gas            <<Enter Provider Name Here>>                                                  1)   No
                                                                               2) Electric       Jackson EMC                                                                   2)   Yes
    Applicant's comments regarding this section of Threshold:
Gas is not being used for this project.
    DCA's Comments:


11 PUBLIC WATER/SANITARY SEWER/STORM SEWER                                                                                                                                  Pass?

     A. 1) Is there a Waiver Approval Letter From DCA included in this application for this criterion as it pertains to single-family detached Rural projects?                A1)   No
        2) If Yes, is the waiver request accompanied by an engineering report confirming the availability of water and the percolation of the soil?                            2)
     B. Check all that are available to the site and enter provider          1) Public water City of Winder                                                                   B1)   Yes
        name:                                                                2) Public sewer Barrow County                                                                     2)   Yes
    Applicant's comments regarding this section of Threshold:
Both water and sewer are available to the site. Letters are found in Tab 12.
    DCA's Comments:


12 LOCAL GOVERNMENT SUPPORT AND COMMUNITY ENGAGEMENT                                                                                                                        Pass?
    Does documentation include:
     A. Evidence of public meetings regarding the proposed project to local government and residents of the community?                                                         A.   Yes
     B. Evidence of presentations regarding the proposed project to local government and residents of the community?                                                           B.   Yes
     C. Resolutions of support from local government officials?                                                                                                                C.   Yes
     D. Letters of support from local government officials?                                                                                                                    D.   Yes
    Applicant's comments regarding this section of Threshold:
The Barrow County Board of Commissioners approved the Resolution for Support of this project on May 22, 2012 at publicly advertised County Commission meeting.                                      Row size may be increased.
    DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                              Part VIII-Threshold Criteria                                                                              55 of 83
           Georgia Department of Community Affairs                                                                                       2012 Funding Application                                                                       Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                              Applicant            DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
13 REQUIRED AMENITIES                                                                                                                                                       Pass?
     Is there a Pre-Approval Form from DCA included in this application for this criterion?                                                                                             No
      A. Applicant agrees to provide the following required Standard Site Amenities in conformance with the DCA Amenities Guidebook (select one in each category):
          1) Community area (select either community room or community building):                                        A1) Building                                                 Agree
          2) Exterior gathering area (if "Other" is selected, applicant must explain in Comments Section below):         A2) Covered Porch                                            Agree
          3) On site laundry type:                                                                                       A3) On-site laundry                                          Agree
     B. Applicant agrees to provide the following required Additional Site Amenities to conform with the DCA Amenities Guidebook.                                           B.    Agree
        The nbr of amenities required depends on the total unit count: 1-125 units = 2 amenities, 126+ units = 4 amenities;                                                       Additional Amenities
           Additional Amenities (describe in space provided below)              Guidebook Met? DCA Pre-approved?      Additional Amenities (describe in space provided below) Guidebook Met? DCA Pre-approved?
        1) Covered Pavilion with picnic and BBQ facilities                                                         3)
        2) Equipped Playground                                                                                     4)
     C. Applicant agrees to provide the following required Unit Amenities:                                                                                                     C.     Agree
        1) HVAC                                                                                                                                                                1)      Yes
        2) Refrigerator (Energy Star rated)                                                                                                                                    2)      Yes
        3) Dishwasher (Energy Star rated)                                                                                                                                      3)      Yes
        4) Stove                                                                                                                                                               4)      Yes
        5) a. Powder-based stovetop fire suppression canisters installed above the range cook top, OR                                                                         5a)      Yes
           b. Electronically controlled solid cover plates over stove top burners                                                                                             5b)      No
     D. Applicant agrees to provide the following additional required Amenities for Senior projects and Special Needs projects:                                                D.
         1) Elevators are installed for access to all units above the ground floor.                                                                                            1)
         2) Buildings more than two story construction have interior furnished gathering areas in several locations in the lobbies and/or corridors                            2)
         3) a. 100% of the units are accessible and adaptable, as defined by the Fair Housing Amendments Act of1988                                                           3a)
            b. If No, was a DCA Architectural Standards waiver granted?                                                                                                       3b)
     Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                           Row size may be increased.
     DCA's Comments:


14 REHABILITATION STANDARDS (REHABILITATION PROJECTS ONLY)                                                                                                                  Pass?

     A. Type of rehab (choose one):                                                                                               A. <<Select>>                                     <<Select>>
     B. Date of PNA:                                                                                                              B.
     C. Name of consultant preparing PNA:                                                                                         C.
     D. Is 20-year replacement reserve study included?                                                                                                                         D.
     E. Applicant understands that in addition to propose work scope, the project must meet state and local building codes, DCA architectural requirements as set              E.
        forth in the QAP and Manuals, and health and safety codes and requirements. Applicant agrees?
     Applicant's comments regarding this section of Threshold:
NA                                                                                                                                                                                                         Row size may be increased.
     DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                              Part VIII-Threshold Criteria                                                                                     56 of 83
           Georgia Department of Community Affairs                                                                                             2012 Funding Application                                                                Office of Affordable Housing
                                    PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                                  Applicant       DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
15 SITE INFORMATION AND CONCEPTUAL SITE DEVELOPMENT PLAN                                                                                                                        Pass?

     A. Is Conceptual Site Development Plan included in application and has it been prepared in accordance with instructions set forth in Manual?                                  A.   Yes
     B. Are all site related amenities required and selected in this application indicated on the Conceptual Site Development Plan?                                                B.   Yes
    Applicant's comments regarding this section of Threshold:
See Tab 15 for plan.                                                                                                                                                                                      Row size may be increased.
    DCA's Comments:


16 BUILDING SUSTAINABILITY                                                                                                                                                      Pass?

     A. Applicant agrees that this proposed property must achieve a minimum standard for energy efficiency and sustainable building practices upon construction                    A.
        completion as set forth in the QAP and Manual?                                                                                                                                  Agree

     B. Applicant agrees that the final construction documents must clearly indicate all components of the building envelope and all materials and equipment that                  B.
        meet the requirements set forth in the QAP and Architectural Manual?                                                                                                            Agree

    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                          Row size may be increased.
    DCA's Comments:


17 ACCESSIBILITY STANDARDS                                                                                                                                                      Pass?
     A. Upon completion, will this project comply with all applicable Federal and State accessibility laws including but not limited to: The Fair Housing                          A.   Yes
        Amendments Act of 1988, Americans with Disabilities Act, Section 504 of the Rehabilitation Act of 1973, Georgia Fair Housing Law and Georgia Access
        Law as set forth in the 2012 Accessibility Manual? When two or more accessibility standards apply, the applicant is required to follow and apply both
        standards so that a maximum accessibility is obtained.
     B. Does this project comply with applicable DCA accessibility requirements detailed in the 2012 Architectural and Accessibility Manuals?                                      B.   Yes
     C. Are at least 5% of the total units equipped for the mobility disabled, including wheelchair restricted residents, and at least 2% of the total units (to be part           C.   Yes
        of this 5%) are equipped with roll-in showers?
     D. Are at least an additional 2% of the total units equipped for hearing and sight-impaired residents?                                                                        D.   Yes
     E. Applicant agrees to arrange for preconstruction plan review and inspection of project by a DCA-qualified consultant 3 times during construction in order to                E.   Yes
        monitor grading operations, framing, and final compliance with accessibility regulations? DCA must be copied on all reviews/reports.
      Applicant's comments regarding this section of Threshold:
If project is selected for allocation, applicant will retain a DCA-qualified consultant to monitor the project for accessibility compliance.                                                              Row size may be increased.
      DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                  Part VIII-Threshold Criteria                                                                                57 of 83
          Georgia Department of Community Affairs                                                                                       2012 Funding Application                                                                         Office of Affordable Housing
                                  PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                             Applicant         DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
18 ARCHITECTURAL DESIGN & QUALITY STANDARDS                                                                                                                                Pass?
    Is there a Waiver Approval Letter From DCA included in this application for this criterion?                                                                                     No
    Does this application meet the Architectural Standards contained in the Application Manual for quality and longevity?                                                           Yes
     A. Constructed and Rehabilitation Construction Hard Costs - are the following minimum review standards for rehabilitation projects met or exceeded by this project?
        Rehabilitation projects will be considered for funding only if the per unit rehabilitation hard costs exceed $25,000. The costs of furniture, fixtures,          A.
        construction of community buildings and common area amenities are not included in these amounts.


     B. Standard Design Options for All Projects                                                                                                                              B.
        1) Exterior Wall Finishes (select one)   Exterior wall faces will have an excess of 40% brick or stone on each total wall surface                                     1)    Yes

        2) Major Bldg Component Materials &          Fiber cement siding or other 40 year warranty product installed on all exterior wall surfaces not already                2)    Yes
           Upgrades (select one)                     required to be brick
     C. Additional Design Options - not listed above, proposed by Applicant prior to Application Submittal in accordance with Exhibit A DCA Pre-application and               C.
        Pre-Award Deadlines and Fee Schedule, and subsequently approved by DCA.
        1)                                                                                                                                                                    1)     No
        2)                                                                                                                                                                    2)     No
    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                            Row size may be increased.
    DCA's Comments:


19 QUALIFICATIONS FOR PROJECT PARTICIPANTS (PERFORMANCE)                                                                                                                   Pass?

     Is there a pre-application Qualification of Project Participants Determination from DCA included in this application for this criterion?                                         No
     Has there been any change in the Project Team since the initial pre-application submission?
     DCA's pre-application Qualification of Project's Participants Determination indicated a status of (select one):
     DCA Final Determination
     Applicant's comments regarding this section of Threshold:
Project team did not submit a pre-application for this project. However, the project team is the same team that was approved for Farmington Hills Phase I in the 2010 round, Farmington Woods in the 2011
round and Auburn Hills in the 2012 round. Please see Tab 3 for Performance Workbook.
                                                                                                                                                                                                            Row size may be increased.

    DCA's Comments:


20 COMPLIANCE HISTORY SUMMARY                                                                                                                                              Pass?

     A. Has the principal and entities of each General Partner, Developer, Management Company and Project Consultant(s) submitted a complete and correct                      A.
                                                                                                                                                                                    Yes
        DCA Performance Workbook, which includes the DCA Compliance History Summary Form?
     B. Is the completed compliance questionnaire for each General Partner, Developer, and project consultant(s) included in the Performance Workbook?                        B.    Yes
     C. Is the completed Organizational Chart included in the application?                                                                                                    C.    Yes
     D. Has Applicant included DCA Compliance history form from other state housing agencies (the MultiState Release Form)?                                                   D.
                                                                                                                                                                                    Yes

    Applicant's comments regarding this section of Threshold:
See Tab 3.
    DCA's Comments:




          381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                              Part VIII-Threshold Criteria                                                                                       58 of 83
           Georgia Department of Community Affairs                                                                                        2012 Funding Application                                      Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                               Applicant        DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
21 ELIGIBILITY FOR CREDIT UNDER THE NON-PROFIT SET-ASIDE                                                                                                                     Pass?
     A. Name of Qualified non-profit:                                                                         A.
     B. Is the organization a qualified non-profit, defined as a 501(c)(3) or 501(c)(4) organization, which is not affiliated with nor controlled by a for-profit               B.
         organization and has included the fostering of low income housing as one of its tax-exempt purposes?
     C. Does the qualified non-profit materially participate in the project as described in IRC Section 469(h)?                                                                 C.
     D. Does the qualified non-profit own at least 51% of the GP's interest in the project and is the managing general partner of the ownership entity?                         D.
     E. Is this entity a corporation with 100 percent of its stock held by one or more qualified non-profit organizations at all times during its existence?                    E.
      F. Does the non-profit receive a percentage of the developer fee greater than or equal to its percentage of its ownership interest?                                       F.
     G. Is a copy of the GP joint venture agreement that indicates non-profit's general partnership interest and developer fee amount included in application?                  G.
     Applicant's comments regarding this section of Threshold:
NA
     DCA's Comments:


22 ELIGIBILITY FOR CREDIT UNDER THE PRESERVATION SET-ASIDE                                                                                                                   Pass?
     Indicate all that apply to the proposed project.
     A. Eligible                                                                                                                                                                A.
        1) An existing tax credit property which has met or will meet the 15-year Compliance Period prior to the earlier of the date of acquisition by the new                  1)
            development owner or the end of the year of the carryover allocation.
        2) Projects under development by a local public housing authority using replacement housing factor (RHF) funds or a loan secured by the assets and/or                   2)
            capital funds of the PHA as the primary source of financing.
        3) Projects that have a project-based Section 8 contract but are eligible to opt out of that contract with a one-year notice to tenants. To be eligible to opt          3)
            out, the Contract must be out of its original term and in a renewal period of 5 years or less.
        4) Existing HUD 236 projects. The Interest Reduction Payment (IRP) must be decoupled from the Section 236 agreement if housing credits are awarded                      4)
            (exceptions permitted on case-by-case basis). The affordability requirements of the Section 236 agreement must also be maintained for the property.
        5) Any other affordable non-public housing project that has existing funding from HUD, is severely deteriorated and has been designated by HUD as a                     5)
            preservation project that is in danger of losing its affordability.
     B. Ineligible                                                                                                                                                              B.
         1) Outstanding or uncured major non-compliance issues                                                                                                                           1)
         2) Functional obsolescence                                                                                                                                                      2)
         3) Rehabilitation will cause a 10% increase or greater in rents                                                                                                                 3)
         4) Property is in substantially good condition and does not need immediate recapitalization                                                                                     4)
         5) Poor condition of the property is the result of the willful deferral of maintenance by the owner                                                                             5)
         6) Rehabilitation will result in a loss of units                                                                                                                                6)
         7) Units are not at risk of losing affordability if converted to market units                                                                                                   7)
         8) Primary purpose is to subsidize an ownership transfer                                                                                                                        8)
     Applicant's comments regarding this section of Threshold:
NA
     DCA's Comments:




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                               Part VIII-Threshold Criteria                                                    59 of 83
           Georgia Department of Community Affairs                                                                                          2012 Funding Application                                                                    Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                                  Applicant        DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
23 ELIGIBILITY FOR HOME LOANS UNDER THE CHDO SET-ASIDE                                                                                                                          Pass?
     A.  Name of CHDO:                                                                              Name of CHDO Managing GP:
     B.  Is a copy of the State CHDO pre-qualification/renewal letter included in the Application?                                                                                 B.
     C.  Is the CHDO either the sole general partner of the ownership entity or the managing general partner of the ownership entity?                                              C.
     D.  If the CHDO is a GP with a for-profit or non-profit general partner, does the CHDO own at least 51% of the general partnership interest?                                  D.
     E.  Does the CHDO (or a wholly owned or controlled affiliate) receive a percentage of the Developer Fee greater than or equal to the percentage of ownership                  E.
         interest?
      F. Is a copy of the GP/joint venture agreement indicating CHDO’s GP interest and its share (or the share of the wholly owned and controlled affiliate) of                    F.
         Developer Fee included in Application?
     G. Do all parties understand that the CHDO must exercise effective control of the partnership throughout the period of affordability?                                         G.
     Applicant's comments regarding this section of Threshold:
NA
     DCA's Comments:


24 ADDITIONAL HUD REQUIREMENTS                                                                                                                                                  Pass?
     A. The Census Tract for the property is characterized as [Choose either Minority concentration (50% or more minority), Racially                    A.         <<Select>>               <<Select>>
        mixed (25% - 49% minority), or Non-minority (less than 25% minority)]:
     B. List all contiguous Census Tracts:                     B.
     C. Is Contract Addendum included in Application?                                                                                                                              C.
     Applicant's comments regarding this section of Threshold:
NA                                                                                                                                                                                                         Row size may be increased.
     DCA's Comments:


25 REQUIRED LEGAL OPINIONS                             State legal opinions included in application using boxes provided.                                                       Pass?
     A. Credit Eligibility for Acquisition                                                                                                                                         A.
     B. Credit Eligibility for Assisted Living                                                                                                                                     B.
     C. Non-profit Federal Tax Exempt Status                                                                                                                                       C.
     D. Scattered Site Developments                                                                                                                                                D.
     E. Other (If Yes, then also describe):                    E.
     Applicant's comments regarding this section of Threshold:
NA
     DCA's Comments:


26 GEORGIA HOUSING SEARCH                                                                                                                                                       Pass?
     A. Applicant agrees that if Application is selected for funding, then the Applicant will list all of its existing developments in the Georgia Housing Search within           A.
                                                                                                                                                                                        Agree
        six months of selection. I agree.
     B. Has Applicant registered all available affordable Housing Units previously funded by DCA on the Georgia Housing Search website?                                            B.   Yes
     Applicant's comments regarding this section of Threshold:                                                        DCA's Comments:




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           Georgia Department of Community Affairs                                                                                          2012 Funding Application                                                                              Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                                 Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
27 RELOCATION AND DISPLACEMENT OF TENANTS                                                                                                                                      Pass?
     A. Does the Applicant anticipate displacing or relocating any tenants?                                                                                                        A.
     B. 1) Are any of the sources other than DCA HOME considered to be Federal Funding?                                                                                           B1)
        If Yes, applicant will need to check with the source of these funds to determine if this project will trigger the Uniform Relocation Act or 104(d).
        2) Will any funding source used trigger the Uniform Relocation Act or HUD 104 (d) requirements?                                                                            2)
     C. Is sufficient comparable replacement housing identified in the relocation plan according to DCA relocation requirements?                                                   C.
     D. Provide summary data collected from Relocation Displacement Spreadsheet:
        1) Number of Over Income Tenants                                                     4) Number of Down units
        2) Number of Rent Burdened Tenants                                                   5) Number of Displaced Tenants
        3) Number of Vacancies
     E. Indicate Proposed Advisory Services to be used (see Relocation Manual for further explanation):
        1) Individual interviews                                                                  3) Written Notifications
        2) Meetings                                                                               4) Other - describe in box provided:
     Applicant's comments regarding this section of Threshold:
NA
     DCA's Comments:



28 MARKETING TO POPULATIONS WITH DISABILITIES OR THE HOMELESS                                                                                                                  Pass?
     A. If selected, does the Applicant agree to prepare and submit a Marketing plan incorporating outreach efforts to each service provider, homeless shelter or                  A.     Agree
        local disability advocacy organization in the county in which the project is located?
     B. If selected, does the Applicant agree to prepare and submit a Marketing plan which affirmatively markets to persons with disabilities and the homeless?                    B.     Agree
     C. If selected, does the Applicant agree to prepare and submit a Marketing plan which establishes and maintains relationships between the management                          C.     Agree
        agent and community service providers?
     D. If selected, does the Applicant agree to prepare and submit a Marketing plan that includes a referral and screening process that will be used to refer                     D.     Agree
        tenants to the projects, the screening criteria that will be used, and makes reasonable accommodations to facilitate the admittance of persons with
        disabilities or the homeless into the project?
     E. If selected, does the Applicant agree to provide reasonable accommodation for these tenants in the Property Management’s tenant application? Leasing                       E.     Agree
        criteria must clearly facilitate admission and inclusion of Targeted Population tenants and must not violate federal or state fair housing laws.
      F. If selected, does the Applicant agree to designate these populations as having priority for units with rental assistance if allowable under their rental                  F.     Agree
         assistance agreements?
     Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                                     Row size may be increased.
     DCA's Comments:


29 OPTIMAL UTILIZATION OF RESOURCES                                                                                                                                            Pass?
     Applicant's comments regarding this section of Threshold:
In 2010, we received an annual allocation of credts for Farmington Hills Phase I for $961,000 or $13,347 credits per unit. In an effort to utilize DCA's resources more efficiently, this year we are applying for
an annual allocation of $807,072 or $11,209 credits per unit resulitng in less DCA resources allocated to develop each unit and more credits available for other DCA projects. This request is about $143,000
less than the maximum credit amount allowed by DCA. We were able to achieve some savings in this project as compared to Phase I. The overall sitework will cost less than Phase I and the land cost is
$20,000 less per acre than Phase I. Also,in terms of total development costs, this project is around $1,288,000 below DCA's per unit cost limitation. These positive attributes equate to reasonableness of          Row size may be increased.
costs and credits utilized while serving a market area that has an overal capture rate of only 10%. Our construction and development budgets are realistic as we've modeled them on recent LIHTC projects
we have successfully closed and constructed.

     DCA's Comments:




        (Select a unit amenity from options provided here)                                        (Select an amenity from options provided here)

           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                Part VIII-Threshold Criteria                                                                                             61 of 83
      Georgia Department of Community Affairs                                                                                          2012 Funding Application                                                                                                      Office of Affordable Housing
                              PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                              Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
    Microwave Oven in every unit                                                             <<Select>>
    In-sink disposal in every unit                                                           Arts & Crafts / Activity Center
    Built in dishwasher in every unit                                                        Attractively fenced community gardens
    Installed call system in all units                                                       Baseball Field
    High-speed internet access No Cost                                                       Beauty Parlor
    High-speed internet access Low Cost                                                      Complete built-in fire sprinkler system
                                                                                             Covered pavilion w/ picnic/barbecue facilities
    <<Select>>                                                                               Equipped Computer Center
    Construction of on-site access road req'd for property access                            Equipped Playground
    Construction of off-site access road req'd for property access                           Equipped soccer field
    Development of parks on a master plan development site                                   Equipped walking path w/exercise stations or sitting areas
    Development of green space on a master plan development site                             Furnished Exercise/Fitness Center
    Development of walking trails on a master plan development site                          Furnished Library
    Development of YMCA center                                                               Movie Theater
    Development of youth center                                                              Putting Green
    Development of senior center                                                             Shuffleboard Court
    Construction of sidewalks adjacent to the property                                       Swimming Pool
    Construction of streetscape adjacent to the property                                     Tennis court
    Construction of sidewalks and streetscape adjacent to the property                       Wellness Center
    Other (See comments)

    Additional Required Project Amenities for 4% Tax Credit Projects
    <<Select>>
    Microwave Oven in every unit
    In-sink disposal in every unit
    Built in dishwasher in every unit
    Installed call system in all units, including a buzzer and light to the exterior
    High-speed internet access
    Attractively fenced community gardens
    Equipped soccer field
    Tennis court
    Equipped walking path with exercise stations or sitting areas
    Retention pond / fountain
    Equipped playground
    Covered pavilion with picnic/barbecue facilities to encourage community or family reunion type functions
    Furnished Children’s Activity center
    Furnished Library
    Equipped Computer Center
    Furnished Exercise/Fitness Center
    Furnished sitting areas by elevators
    Swimming Pool
    Complete built-in fire sprinkler system in every unit and the community center, including an exterior audio and visual alarm system

    Energy Standards
    (Select an energy standard from options provided here)
    EPA Energy Star Program construction and certification:
    Southface Energy Institute's Earth Craft House construction and certification
    US Green Building Council's LEED For Homes construction and certification
    Enterprise Foundation's Green Communities standard of construction and certification
    Locate HVAC ductwork in conditioned spaces
    Exterior envelope wall systems, including the rim (band) joist spaces, to be insulated
    Attic insulation to R-38
    ARI rated furnace (90% AFUE) or heat pump (HSPF 8.0 for both HP 2 ton and HP 1.5 ton units)
    ARI rated SEER 14 cooling equipment with sensible heat ratio less than 0.75
    Locate HVAC ductwork in conditioned spaces
    Installation of at least two plumbing fixture types having lower flow rates than NEPA standards
    Installation of Energy star “Advanced Lighting Package” throughout the property
    HVAC system designed for controlled introduction of outside air per ASHRAE 62.2
    Installation of common area lighting with Energy star rating and controlled with either photocells or timers
    Combustion equipment isolated in a sealed combustion closet that is vented from outside building envelope
    Kitchen range hood ventilation to be ducted to the exterior and equipped with a damper                  Major Bldg Component Materials & Upgrades
    Energy star ceiling fans in living rooms, sunrooms and all bedrooms                                     <<Select materials>>
    Energy star bath exhaust fan with timer and humidistat control                                          Fiber cement siding or other 40 year warranty product installed on all exterior wall surfaces not already required to be brick
    Front Loading washers in Community Laundry                                                              Upgraded roofing shingles, or roofing materials (warranty 30 years or greater)

    Landscaping and Site Design Features                                                                   Exterior Wall Finishes and Major Building Component Materials and Upgrades
    <<Select landscaping or site design feature>>                                                          <<Select exterior material /finish upgrade choice from options provided here>>
    Preservation of existing trees and vegetation                                                          Exterior wall faces will have an excess of 40% brick or stone on each total wall surface
    Substantial replanting of trees and integrated vegetation                                              Rehab of bldgs eligible for historic preservation credits will maintain or replace w/matching materials, the existing/original exterior finish surfaces

      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                Part VIII-Threshold Criteria                                                                                                                     62 of 83
      Georgia Department of Community Affairs                                                                                       2012 Funding Application                                                                                                     Office of Affordable Housing
                              PART EIGHT - THRESHOLD CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
Preliminary Rating: Incomplete                                                                                                                                           Applicant              DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
    Site entry w/ permanent, illuminated entry sign and decorative fence                                 Rehab of bldgs w/out existing brick/stone over 40% (& ineligible for historic credits) will replace & upgrade existing exterior finish surfaces on all wall faces w/brick or product w/40 yr warranty
    Freestanding shelters                                                                                For single family units, the total building envelope will have 35% minimum brick coverage; remaining 65% will be fiber cement siding or stucco
                                                                                                         Attractive Features
                                                                                                         <<Select attractive features>>
                                                                                                         Recreation of existing or missing known historic decorative elements
                                                                                                         Addition of decorative elements
                                                                                                         Addition of or the redesign of existing covered entries
                                                                                                         Addition of new or redesign of existing durable attractive stair and railing elements

    Unit Amenities                                                                                             Site Amenities
    (Select an amenity from options provided here)                                                             (Select an amenity from options provided here)
    Microwave Oven in every unit                                                                               Attractively fenced community gardens
    In-sink disposal in every unit                                                                             Equipped play court (basketball, volleyball, shuffleboard or tennis) as appropriate
    Built in dishwasher in every unit                                                                          Equipped walking path with exercise stations or sitting areas
    Washer/dryer hookups in all units in addition to required central laundry                                  Picnic area equipped with adequate picnic tables and grills
    Washers and dryers are installed and maintained in every unit at no additional cost to tenants             Equipped playground (Must include minimum of three different pieces of equipment)
                                                                                                               Tot lot (fenced and equipped with a minimum of three pieces of equipment)
    Installed call system in all units, including a buzzer and light to the exterior (basic amenity for senior projects)
    High-speed internet access (see QAP requirements)                                                          Large open playing fields (of at least 5,000 square feet) (Family projects only)
                                                                                                               Covered pavilion with picnic/barbecue facilities to encourage community or family reunion type functions
                                                                                                               Furnished Children’s Activity center (must have furnishings, TV, educational media and recreational equipment)
                                                                                                               Furnished Library (must include sitting areas, tables, periodicals, adequate reference materials)
                                                                                                               Equipped Computer Center (must have high-speed internet access for every computer, and one computer and printer for every 25 units)
                                                                                                               Swimming Pool
                                                                                                               Furnished Exercise/Fitness Center
                                                                                                               Complete built-in fire sprinkler system in every unit and the community center, including an exterior audio and visual alarm system

       Additional Requirements and Amenities for Senior projects




      381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                              Part VIII-Threshold Criteria                                                                                                                             63 of 83
           Georgia Department of Community Affairs                                                                     2012 Funding Application                                                                            Office of Affordable Housing
                                      PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                           Score         Self DCA
                                                                                                                                                                                           Value        Score Score
                                                                                                                                                                            TOTALS:        102           56    13
1. APPLICATION COMPLETENESS/ORGANIZATION                                         (Applicants start with 10 pts. Any points entered will be subtracted from score value)                     10           10    10          X
    A. Missing or Incomplete Documents                 Number:   0               For each missing or incomplete document, one (1) point will be deducted                                     7     A.
    B. Financial and Other Adjustments                 Number:   0               1-3 adjustments/revisions = one (1) pt deduction total; then (1) pt deducted for each add'l adjustment.     0     B.
    C. Organization                                    Number:   0               One (1) pt deducted if not organized in DCA format and/or required document not in correct tab.             1     C.
Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                        Row size may be increased.
DCA's Comments:                               Enter "1" for each item                                                                       Enter "1" for each item                           Enter "1" for each item
A. Missing / incomplete documents:            Nbr        0        B. Financial adjustments/revisions requested:                           Nbr          0          C. Documents not organized correctly: Nbr      0
1                                                                 1                                                                                               1
                                                                                                                                                                                                                        Row size may be increased.
2                                                                2                                                                                                     2

3                                                                3                                                                                                     3

4                                                                4                                                                                                     4

5                                                                5                                                                                                     5

6                                                                6                                                                                                     6

7                                                                7                                                                                                     7

8                                                                8                                                                                                     8

9                                                                9                                                                                                     9

10                                                               10                                                                                                    10

11                                                               11                                                                                                    11

12                                                               12                                                                                                    12




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                             Part IX A-Scoring Criteria                                                                                          64 of 83
            Georgia Department of Community Affairs                                                                        2012 Funding Application                                                                                        Office of Affordable Housing
                                       PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                     Score           Self DCA
                                                                                                                                                                                                     Value          Score Score
                                                                                                                                                                              TOTALS:                102             56        13
2. DEEPER TARGETING / RENT AND INCOME RESTRICTIONS                                                                                                                                                    4               3         3          X * * Check Score! * *
 A. Deeper Targeting through Rent Restrictions                     Nbr units to have these restrictions:            11                Percent of Residential Units:               15.28%              3               Min      15.00%
 B. Deeper Targeting through new PBRA Contracts                    Nbr units to have PBRA for 10+ yrs:              0                 Percent of Residential Units:               0.00%               4             percent:   30.00%
     Applicant's comments regarding this section of scoring:

     DCA's Comments:



3. DESIRABLE AND UNDESIRABLE CHARACTERISTICS                                          See QAP Scoring for further requirements. Applicants must complete Desirable/Undesirable Certification form.    12             12         0          X
 A. Desirable Activities                  (1 pt each)                                                                                                                                                 12       A.    12
 B. Undesirable Sites                     (1 pt subtracted each)                                                                                                                                     various   B.     0

      Applicant's comments regarding this section of scoring:
In the event we are awarded tax crdits for this project, we will request the owner to remove the barns and debris within sixty days of our request. Please note that these two barns and equipment are completely
separate and different from the poultry barns (chicken houses ) that have all been removed from our site and from the adjacent property owner's site. The Agreement with the adjacent property owner is included
in Tab 19.
                                                                                                                                                                                                                                        Row size may be increased.


     DCA's Comments:

                                                                                                                                                                                                                                        Row size may be increased.
4. COMMUNITY TRANSPORTATION OPTIONS                                                   Choose one.          See scoring criteria for further requirements and information                               3              3         0          X
 A. Site is adjacent to (within 300 ft) of an established public transportation stop                                                                                                                   3       A.     3
 B. Site is within standard walking distance (1/4 mile or less) of an established public transportation stop                                                                                           2       B.
 C. Site is within close proximity (1/2 mile or less) of an established public transportation stop                                                                                                C.   1
    Applicant's comments regarding this section of scoring:
The Auburn "ANT" has a stop that will service Farmington Hills Phase I and Phase II. The route will give our residence the opporturnity to travel via public transportation to Barrow Crossing, the Winder Walmart,
several locations in Auburn and they will have the ability to connect to the Gwinnett County Transit System
     DCA's Comments:




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                Part IX A-Scoring Criteria                                                                                                          65 of 83
             Georgia Department of Community Affairs                                                                                           2012 Funding Application                                                               Office of Affordable Housing
                                                PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                     Score          Self DCA
                                                                                                                                                                                                     Value         Score Score
                                                                                                                                                                                           TOTALS:   102            56     13
5. ADAPTIVE REUSE                                     (w/PNA & supporting documentation - see scoring criteria)                   See scoring criteria for further requirements and information       1              0                X
     Will the entire building be an adaptive reuse?
     Existing building to be adapted was formerly used as:
     For rehabilitation projects, is the building to be adapted for reuse already part of the existing multifamily development?
     Applicant's comments regarding this section of scoring:
NA                                                                                                                                                                                                                                 Row size may be increased.
     DCA's Comments:
                                                                                                                                                                                                                                   Row size may be increased.
6. BROWNFIELD                                         (With EPA/EPD Documentation)                                                See scoring criteria for further requirements and information        2             0                X
     Environmental regulatory agency which has designated site as a Brownfield and determined cleanup guidelines:
     Applicant's comments regarding this section of scoring:
NA
     DCA's Comments:



7. SUSTAINABLE DEVELOPMENTS                                                         Choose only one. See scoring criteria for further requirements.                Earth Craft House Multifamily       3             2                X
 A. Sustainable Communities Certification                                                                                                                                                              3        Yes/No Yes/No
     Project seeks to obtain a sustainable community certification from the program chosen above:                                                                                                             A. N/a
 X    1. EarthCraft Communities
      a) Site Analysis Packet as defined in EarthCraft Communities Guidebook was submitted and reviewed by both DCA and EarthCraft Communities administrators at Pre-
                                                                                                                                                                                                             1a)    N/a
          application?
       b) Does the project seek points for certification in any of the following categories: district heating/cooling, renewable electric generation, or alternative thermal production?
                                                                                                                                                                                                             1b)    N/a

      2. Leadership in Energy and Environmental Design for Neighborhood Development (LEED-ND)                                                                                                                      Yes/No Yes/No
      a) Feasibility study prepared by a LEED AP ND that evaluates the feasibility of the proposed project meeting LEED ND criteria was submitted and reviewed by DCA at Pre-
                                                                                                                                                                                                                    N/a
         Application                                                                                                                                                                                         2a)
       b) Does the project seek points for certification in any of the following categories: on site renewable energy sources or district heating and cooling?                                               2b) N/a
 B. Sustainable Building Certification                                                                                                                                                                 2        Yes/No Yes/No
     Project commits to obtaining a sustainable building certification from the program chosen above:                                                                                                         B. Yes
     Applicant's comments regarding this section of scoring:
See Tab 24 for the Eath Craft House Multifamily sustainable building certification.                                                                                                                                                Row size may be increased.
     DCA's Comments:
                                                                                                                                                                                                                                   Row size may be increased.




             381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                                  Part IX A-Scoring Criteria                                                                              66 of 83
               Georgia Department of Community Affairs                                                                                   2012 Funding Application                                                                      Office of Affordable Housing
                                               PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                                        Score          Self DCA
                                                                                                                                                                                                        Value         Score Score
                                                                                                                                                                                              TOTALS:   102            56         13
8. STABLE COMMUNITIES / REDEVELOPMENT / REVITALIZATION             Stable Communities < 10%                                                                                                              6              4              X
                                   Additional required questions depending on option selected above:
 A. Stable Communities
 X     1.    Project is located in a census tract that meets the following demographics according to the most recent FFIEC Census Report (www.ffiec.gov/Census/):                                         4           Yes/No Yes/No
       a)    Less than 10% below Poverty level                           (see Income)                                                                                                                           a)     Yes
       b)    Designated Middle or Upper Income level                     (see Demographics)                                                                                                                     b)     Yes
        c)   Market study demonstrates need for affordable housing                                                                                                                                              c)     Yes
       2.    Project is located in a census tract that meets the following demographics according to the most recent FFIEC Census Report (www.ffiec.gov/Census/):                                         2
       a)    Less than 20% below Poverty level                           (see Income)                                                                                                                           a)     N/a
       b)    Designated Middle or Upper Income level                     (see Demographics)                                                                                                                     b)     N/a
        c)   Market study demonstrates need for affordable housing                                                                                                                                              c)     N/a
 B. Community Redevelop / Revitalization Plans and Strategies
       1.    HOPE VI or Choice Neighborhoods Initiatives - the Initiative will:                                                                                                                           6           Yes/No Yes/No
       a)    Provide affordable units for an extended period of 30 years or more?                                                                                                                               a)     N/a
       b)    Be part of a mixed income phased community with a significant market component?                                                                                                                    b)     N/a
        c)   Facilitate the deconcentration of poverty?                                                                                                                                                         c)     N/a
       d)    Provide for community improvements or amenities?                                                                                                                                                   d)     N/a
       2. Statutory Redevelopment Plans                                   Plan clearly targets project's specific neighborhood, is proven to be current, ongoing and directly affecting project site?     2     2.      0
       3. Redevelopment Zones                                             Type:                     <<Select>>            Identifier / Nbr:                                                               1     3.      0
       4.  Local Redevelopment Plan - includes items below?           Name of Plan:                                                                                                                       1     4.      0
       a)  Adopted on or before January 1, 2012?                      Date adopted:                                                                                                                             a)     N/a
       b)  A discussion of potential sources of funding for the plan;                                                                                                                                           b)     N/a
        c) A clearly delineated target area that includes the proposed project site                                                                                                                             c)     N/a
       d)  Detailed policy goals (one of which must be the rehabilitation or production of affordable rental housing)                                                                                           d)     N/a
       e)  Implementation measures along with specific time frames for the achievement of such policies and housing activities.                                                                                 e)     N/a
        f) The proposed development project must support at least one of the goals of the redevelopment or revitalization plan;                                                                                  f)    N/a
       g)  An assessment of the existing physical structures and infrastructure of the community                                                                                                                g)     N/a
           Is the Plan:
       h) Formulated by the Owner of the project and submitted to a local government for approval?                                                                                                                          h)
        i) A short-term work plan?                                                                                                                                                                                           i)
        j) A comprehensive plan, consolidated plan, municipal zoning plan or land use plan?                                                                                                                                  j)
       k) More than four years old?                                                                                                                                                                                         k)
      Applicant's comments regarding this section of scoring:
The census tract of the proposed site as of the 2000 census is 1805.00.

      DCA's Comments:




               381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                           Part IX A-Scoring Criteria                                                                                    67 of 83
            Georgia Department of Community Affairs                                                                            2012 Funding Application                                                                          Office of Affordable Housing
                                          PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                            Score         Self DCA
                                                                                                                                                                                            Value        Score Score
                                                                                                                                                                         TOTALS:            102           56          13
9. PHASED DEVELOPMENTS / PREVIOUS PROJECTS                                                                                           (choose only one)                                       3             3           0         X
    A. Phased Developments                                                                                                                                                                   3      A.     3
     1. Is the proposed project part of a Phased Development in which one or more phases received an allocation of 9% tax credits within the past 3 funding rounds and at                           1.
                                                                                                                                                                                                          Yes
        least one phase has commenced construction per that allocation?
          If Yes, indicate DCA Project Nbr and Project Name of that phase:                          Number:              2010-059       Name                     Farmington Hills Phase I
     2.   Was the community originally designed as one development with different phases?                                                                                                           2. Yes
     3.   Are any other phases for this project also submitted during the current funding round?                                                                                                    3.   No
     4.   Was site control over the entire site (including all phases) in place when the initial phase was closed?                                                                                  4. N/a
OR B.     Previous Projects                 NOTE: Score will be auto-filled based on the number of funding cycles selected.                                                                   3     B.    0
           Proposed development site is within the boundaries of a Local Government where a 9% Credit, 4% Credit and/or HOME project has not been awarded within the last                           DCA funding cycles.
    Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                              Row size may be increased.
    DCA's Comments:
                                                                                                                                                                                                                              Row size may be increased.
10. MARKET                                                                                                                                                                                    2            2                     X
    For DCA determination:                                                                                                                                                                                           Yes/No
 a) Have occupancy rates at comparable DCA properties experienced a significant decline?                                                                                                                       a)
 b) Are more than two DCA funded projects in primary market area which have occupancy rates of less than 90% and compete for same tenant base as proposed project?                                             b)
 c) Does analysis of one or more comparable properties in market area indicate that the property may have difficulty reaching stabilized occupancy within required timeframe?                                  c)
 d) Does DCA have one or more projects in primary market area that have been unable to convert construction to permanent loans due to failure to reach stabilized occupancy?                                   d)
 e) Has there been a significant change in economic conditions in the proposed market that was unknown at the time of Application and which could detrimentally affect the long term viability of              e)
    the proposed project and the proposed tenant population?
 f) Will foreclosures in the proposed market area detrimentally affect the ability of the proposed project to lease up?                                                                                         f)
 g) Are the proposed rents at or near market rate rents of comparable properties?                                                                                                                              g)
 h) Does the proposed market area appear to be overestimated, creating the likelihood that the demand for the project is weaker than projected?                                                                h)
    Applicant's comments regarding this section of scoring:



    DCA's Comments:




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                                    Part IX A-Scoring Criteria                                                                                        68 of 83
            Georgia Department of Community Affairs                                                                     2012 Funding Application                                                                          Office of Affordable Housing
                                        PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                          Score         Self DCA
                                                                                                                                                                                          Value        Score Score
                                                                                                                                                                          TOTALS:         102           56     13
11. WAIVER OF QUALIFIED CONTRACT RIGHT / TENANT OWNERSHIP PLAN                                                            (choose only one)                                                1             1      0         X
A. Waiver of Qualified Contract Right                  Applicant agrees to forego cancellation option for at least 5 yrs after close of Compliance period?           Yes                   1      A.     1
B. Tenant Ownership                               Applicants commit to a plan for tenant ownership at end of compliance period (only applies to single family units).                      1      B.     0
   Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                       Row size may be increased.
     DCA's Comments:
                                                                                                                                                                                                                       Row size may be increased.
12. NON-PROFIT                                                                                               Nonprofit Setaside selection from Project Information tab:     No              3                             X
     Is the applicant claiming these points?
     Is the required documentation included in the appropriate tab of the application?
     Applicant's comments regarding this section of scoring:
NA
     DCA's Comments:


13. RURAL                                  (80 total units or less, must be 100% new construction)                                    72                                                    3            3                X
     Each Applicant will be limited to claiming these points for one project in which they have a direct interest and which involves 100% new construction. Failure by the Applicant to
     designate these points to qualified projects, or to incorrectly designate these points, will result in no points being awarded
     Applicant's comments regarding this section of scoring:                                                                   DCA's Comments:



14. DCA COMMUNITY INITIATIVES                                                                                                                                                               1            0                X
     Letter from a designated                                                                               that clearly:                                                                              Yes/No Yes/No
A.   identifies the project as located w/in political jurisdiction:                                                                        <Select Community of Opportunity>                      A.     No
B.   is indicative of the community’s affordable housing goals                                                                                                                                    B.     No
C.   identifies that the project meets one of the objectives of the Community                                                                                                                     C.     No
D.   is executed by the official representative of the Community                                                                                                                                  D.     No
     Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                       Row size may be increased.
     DCA's Comments:
                                                                                                                                                                                                                       Row size may be increased.




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                             Part IX A-Scoring Criteria                                                                                        69 of 83
            Georgia Department of Community Affairs                                                                2012 Funding Application                                                                Office of Affordable Housing
                                       PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                          Score             Self DCA
                                                                                                                                                                          Value            Score Score
                                                                                                                                                             TOTALS:      102               56     13
15. LEVERAGING OF RESOURCES                                                                                                                                                7                0       0      X
     Indicate which of the following criteria the project will meet:                                                                                                                       Yes/No Yes/No
      1. Funding or assistance provided will be binding and unconditional except as set forth in this section.                                                                       1.      No
      2. Resources will be utilized if the project is selected for funding by DCA                                                                                                    2.      No
      3. Loans are for both construction and permanent financing phases                                                                                                              3.      No
      4. Loans are for a minimum period of ten years and reflect interest rates at or below AFR.                                                                                     4.      No
      5. Commitment or award documentation meets the terms and conditions as applicable specified in Appendix I, Threshold Criteria, Section I (I).                                  5.      No

A. Grants/Loans                                                                                                                                                             4        A.     0       0
      1. Qualifying Sources                                                                                       Amount                                        Amount               1.
                     a) Community Development Block Grant (CDBG) program funds                                                                                                       a)     No
                     b) Federal Home Loan Bank Affordable Housing Program (AHP)                                                                                                      b)     No
                     c) HOME Funds                                                                                                                                                   c)     No
                     d) NSP                                                                                                                                                          d)     No
                     e) Beltline Grant                                                                                                                                               e)     No
                      f) Housing Opportunity Bonds                                                                                                                                    f)    No
                     g) HUD 202 or 811 program funds                                                                                                                                 g)     No
                     h) Other funding sources approved at DCA’s sole discretion                                                                                                      h)     No
                         Total Qualifying Sources (TQS):                                                             0                                                0

      2. Point Scale      Total Development Costs (TDC):                                                        10,556,591
                          TQS as a Percent of TDC:                                                               0.0000%                                        0.0000%

B. Local Government / Non-profit Contribution                     Long-term (no less than 45-year) ground leases for nominal consideration and no other land costs.         1        B.      0

C. Off Site Improvement, Amenity and Facility Investment                                                                                                                    2        C.     0       0
     Name of Unrelated Third Party
     Description of Improvement(s)
     Full Cost of Improvement / Percent of TDC:                                                                                             0.0000%                        0.0000%

     Applicant's comments regarding this section of scoring:
NA

     DCA's Comments:




            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                         Part IX A-Scoring Criteria                                                                             70 of 83
           Georgia Department of Community Affairs                                                                     2012 Funding Application                                                                        Office of Affordable Housing
                                        PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                         Score         Self DCA
                                                                                                                                                                                         Value        Score Score
                                                                                                                                                                  TOTALS:                102           56     13
16. SUPERIOR PROJECT CONCEPT AND DESIGN                                                                                                                                                    6                           X
 A. Superior Project Concept                                                           Is the applicant claiming these points?                                                                   A.    N/a
    If Yes, a form for applicant's required narrative is located in Tab IX-B of this electronic core application. Is a completed printed copy (no more than two pages) included in
                                                                                                                                                                                                       N/a
    the application binder where indicated by the Tabs Checklist?
B. Local Government Strategy for Neighborhood Rebuilding                            Is the applicant claiming these points?                                                                      B.    N/a
    Does the project concept clearly show:
     1. Community strategy includes local government requirements for greenspace?                                                                                                                1.    Yes
     2. Local Government engagement and contribution towards redevelopment of the high priority area?                                                                                            2.    Yes
     3. Incorporation of planning objectives set out in Transit Oriented Developments, Sustainable Communities or Livable Centers Initiative?                                                    3.    Yes
     4. Designation as a high priority by the local government?                                                                                                                                  4.    Yes
    Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                    Row size may be increased.
    DCA's Comments:

                                                                                                                                                                                                                    Row size may be increased.
17. BONUS POINTS                                                                                                                                                                           5            3     0        X
 A. Integrated Supportive Housing                                                                                                                                                          3     A.     3
    Applicant agrees to accept rental assistance from a state (e.g. Georgia Rental Assistance Program), federal (e.g. HUD Section 811 project-based rental assistance) or other
    approved entity for up to 5% of the units for the purpose of providing integrated housing opportunities to individuals with mental illness, as defined in the Settlement                          Agree
    Agreement between the State of Georgia and the Department of Justice (#1:10-CV-249-CAP).
B. Historic Preservation                                                            (choose only one)                                                                                      2     B.     0     0
     1. The property is a certified historic structure with an approved Part 1-Evaluation of Significance AND has submitted a Part 2- Description of Rehabilitation (and/or the            2
        Georgia equivalent, Part A-Preliminary Certification) and has received approval from the Georgia DNR-HPD and the NPS of the scope of the rehabilitation as presented                            0
        in the Part 2 and/or Part A application(s)
OR 2. The property is a certified historic structure (either listed individually on National Register, or as a contributing structure in a National Register Historic District), or is     1
      deemed via a Georgia DNR-HPD approved NPS Part 1-Evaluation of Significance to have a preliminary determination of listing on National Register.                                                  0
    Applicant's comments regarding this section of scoring:

    DCA's Comments:


18. COMPLIANCE / PERFORMANCE                                                                                                                                                              10           10     0        X
    Is there a Pre-Determination Letter From DCA included in this application for this criterion?                                                                                                      Yes
A. Owner/Developer                                                                                                                                                                               A.    10
B. Manager (Pass or Fail)                                                                                                                                                                        B.   Pass
    Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                    Row size may be increased.
    DCA's Comments:
                                                                                                                                                                                                                    Row size may be increased.




           381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                            Part IX A-Scoring Criteria                                                                                       71 of 83
             Georgia Department of Community Affairs                                                                     2012 Funding Application                                                                     Office of Affordable Housing
                                         PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                                                           Score         Self DCA
                                                                                                                                                                                           Value        Score Score
                                                                                                                                                                    TOTALS:                102           56    13
19. PRESERVATION PRIORITY POINTS                                                                                                                                                            20            0     0     X
 A. Core Priority             (Choose only one. NOTE: "Preservation" and "Preservation set aside" must be selected in "Part I - Project Information" tab. )                                  6     A.     0     0
      1.   DCA HOME Properties                                                                                                                                                               6            0     0
           Application proposes to pay the full balance of a DCA HOME loan where the minimum statutory period of affordability has expired?
OR 2.      Expiring Tax Credit Properties                                                                                                                                                    4            0    0
           Application proposes to rehabilitate an existing tax credit property which has met or will meet the 15-year Compliance Period prior to the earlier of the date of acquisition
           by the new development owner or the end of the year of the carryover allocation? (Only properties that originally received an award of 9% credits and continue to be
           subject to extended use restrictions are eligible for points.)
OR 3.      HUD Properties                                                                                                                                                                    3            0    0
   a)      Project is under development by a local public housing authority using replacement housing factor (RHF) funds or a loan secured by the assets and/or capital funds of                   a)
           the PHA as the primary source of financing?
      b)   Project is an existing HUD 236 project. The Interest Reduction Payment (IRP) will be decoupled from Section 236 agreement if housing credits are awarded (exceptions                    b)
           permitted on case-by-case basis). The affordability requirements of Section 236 agreement will also be maintained for the property.
      c)   Project is an affordable non-public housing project that has existing funding from HUD, is severely deteriorated and has been designated by HUD as a preservation                       c)
           project that is in danger of losing its affordability.
 B. Add-On Priorities                       ( NOTE: "Preservation" and "Preservation set aside" must be selected in "Part I - Project Information" tab. )                                   14     B.     0    0
    1. Project-Based Rental Assisted Properties                                                                                                                                              4     1.     0    0
    a) Application proposes to preserve an affordable housing property receiving project-based rental subsidies for 100% of the total residential units that is within two years of          4     a)
       any permitted prepayment or subsidy contract expiration with a likely conversion to market rate housing or equivalent loss of low income use restrictions. The property
       must also have been designated by HUD as a High priority project.
 or b) Application has an award of government-awarded project based rental assistance for at least 30% of low-income units for a minimum of five (5) years. This percentage                  2     b)
       will be calculated based on the total residential units (common space employee units will not be included in the total residential units).
    2.     Not Previously Rehabilitated                                                                                                                                                      1     2.
    3.     Average Occupancy                                                                                                                                                                 2     3.     0    0
    a)     Application has a documented average physical occupancy of at least 90% for the 6 months period prior to Application submission (December to May)                                 2     a)
 or b)     Application has a documented average physical occupancy of at least 80% for the 6 months period prior to Application submission (December to May)                                 1     b)
      4.   Compliance Period                          Application proposes to rehab existing LIHTC property w/compliance pd begin 18+ yrs prior to application deadline.                     2     4.
      5.   Hard Costs Proportion                      Application construction hard costs are at least 45% of TDC.                      62.0661%                                             2     5.
      6.   Significant Community Value                Application seeks to rehab an existing affordable property of significant community value.                                             3     6.
      a)   Is the applicant claiming these points?
      b)   Is the required documentation included in the appropriate tab of the application?
     Applicant's comments regarding this section of scoring:
NA
     DCA's Comments:


*** Check point score value for this criteria                                           TOTAL POSSIBLE SCORE                                                                               102           56   13
                                                                                        TOTAL SCORE WITHOUT PRESERVATION POINTS                                                                          56    13




           (Select a unit amenity from options provided here)                                                                 (Select an amenity from options provided here)
           Microwave Oven in every unit                                                                                       <<Select>>
           In-sink disposal in every unit                                                                                     Attractively fenced community gardens
           Built in dishwasher in every unit                                                                                  Equipped soccer field
           Installed call system in all units                                                                                 Tennis court
           High-speed internet access No Cost                                                                                 Equipped walking path with exercise stations or sitting areas
           High-speed internet access Low Cost                                                                                Retention pond/Fountain

             381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                            Part IX A-Scoring Criteria                                                                                    72 of 83
 Georgia Department of Community Affairs                                                                2012 Funding Application                                                 Office of Affordable Housing
                        PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                                                          Score     Self DCA
                                                                                                                                                          Value    Score Score
                                                                                                                                            TOTALS:        102      56    13
                                                                                                                Equipped playground
<<Select>>                                                                                                      Covered pavilion with picnic/barbecue facilities
Construction of on-site access road req'd for property access                                                   Furnished Children’s Activity center
Construction of off-site access road req'd for property access                                                  Furnished Library
Development of parks on a master plan development site                                                          Equipped Computer Center
Development of green space on a master plan development site                                                    Furnished Exercise/Fitness Center
Development of walking trails on a master plan development site                                                 Furnished sitting areas by elevators
Development of YMCA center                                                                                      Swimming Pool
Development of youth center                                                                                     Complete built-in fire sprinkler system
Development of senior center                                                                                    Off Site Improvements in Master Plan Communities
Construction of sidewalks adjacent to the property
Construction of streetscape adjacent to the property
Construction of sidewalks and streetscape adjacent to the property
Other (See comments)


                                                GICH Communities          Signature          Communities of
                                                                         Communities          Opportunity
                                               < Select applicable   < Select Signature    <Select Community
                                               GICH >                Community >           of Opportunity>


                                               Americus / Sumter     Barnesville           Berrien
                                               County
                                               Auburn                Calhoun               Burke
                                               Berrien County        Colquitt /Miller Co   Calhoun
                                               Brunswick             Covington /Newton     Clay
                                                                     Co
                                               Calhoun               Dublin                Coffee
                                               Camden County         Fayetteville          Colquitt
                                               Cartersville          Flovilla / Butts Co   Cook
                                               Colquitt              Forsyth               Decatur
                                               Cordele               Holly Springs         Dooly
                                               Covington             Jesup / Wayne Co      Dougherty


                                               Dalton / Whitfield    Remerton/Valdosta     Early
                                               County
                                               Douglas               Rome                  Elbert
                                               Eatonton              Snellville            Glascock
                                               Fort Valley           St.                 Grady
                                                                     Mary's/Kingsland/Wo
                                                                     odbine/Camden Co


                                               Gainesville           Tifton / Tift Co      Hancock
                                               Garden City           Toccoa / Stephens     Irwin
                                                                     Co
                                               Gray / Jones County Wilkinson Co            Jefferson


 381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                                          Part IX A-Scoring Criteria                                                             73 of 83
Georgia Department of Community Affairs                                               2012 Funding Application                                       Office of Affordable Housing
                       PART NINE - SCORING CRITERIA - 2012-038 Farmington Hills, Phase II, Winder, Barrow County
                                                                                                                               Score    Self DCA
                                                                                                                               Value   Score Score
                                                                                                                     TOTALS:   102      56    13
                                              Griffin              N/a   Jenkins
                                              Hall County                Lee
                                              Harlem                     Lincoln
                                              Hawkinsville               Macon
                                              Metter                     Marion
                                              Milledgeville              McDuffie
                                              Moultrie                   Meriwether
                                              Newnan                     Miller
                                              Rome                       Mitchell
                                              Sandersville /             Randolph
                                              Tennille /
                                              Washington County


                                              Sylvania                   Schley
                                              Sylvester                  Seminole
                                              Thomasville                Stewart
                                              Thomson / McDuffie         Sumter
                                              County
                                              Tifton                     Taliaferro
                                              Toccoa                     Taylor
                                              Valdosta                   Terrell
                                              Vienna                     Thomas
                                              Wadley                     Twiggs
                                              Warner Robins              Warren
                                              Washington                 Webster
                                              Waycross                   Wilkes
                                              Waynesboro                 Wilkinson
                                              Winder                     Worth




381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx - Feb 2012                                    Part IX A-Scoring Criteria                                                        74 of 83
     Georgia Department of Community Affairs                                                                                                  Office of Affordable Housing

                      Scoring Section 16A - Superior Project Concept and Design Narrative
                                                    Farmington Hills, Phase II
                                                     Winder, Barrow County

<< Enter paragraph(s) here. Press and hold Alt-Enter to start new paragraphs. >>

                                                                                                                            NOTE: Row size may be decreased as
                                                                                                                           needed if only one page is used. Press
                                                                                                                         and hold Alt-Enter to start new paragraphs.
                                                                                                                          Narrative should not exceed two pages.




     2012 Super Proj Concept Narr                                            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx                                           75 of 83
Georgia Department of Community Affairs                                                                      Office of Affordable Housing

               Scoring Section 16A - Superior Project Concept and Design Narrative
                                          Farmington Hills, Phase II
                                           Winder, Barrow County




2012 Super Proj Concept Narr                                     381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx                      76 of 83
     Georgia Department of Community Affairs                                                                                                 Office of Affordable Housing

                          Scoring Section 19B - Significant Community Value Narrative
                                                   Farmington Hills, Phase II
                                                    Winder, Barrow County

<< Enter paragraph(s) here. Press and hold Alt-Enter to start new paragraphs. >>


                                                                                                                         NOTE: Row size may be changed. Press
                                                                                                                        and hold Alt-Enter to start new paragraphs.
                                                                                                                          Narrative should not exceed one page.




     2012 Signif Comm Value Narr                                            381f2ad4-b1e5-471c-b714-ea39288ce4c8.xlsx                                           77 of 83
                                                                                                                         [This document is to be submitted with Application]

                                                                                                                         APPLICATION CERTIFICATION FORM LETTER
                                                                                                                         [to be submitted under Applicant's letterhead]

                                                                                                                         [Date]

       Georgia Department of Community Affairs
       Office of Affordable Housing
       60 Executive Park South, NE.
       Atlanta, Georgia 30329-2231

       Re: Application for Low-Income Housing Tax Credit and/or HOME Funding

       To DCA:

       This application is submitted in accordance with the 2011 Qualified Allocation Plan and the Office of
       Affordable Housing Application Manual. In submitting this application for funding consideration, the
       undersigned applicant hereby certifies:
       1)    I am responsible for ensuring that the project consists or will consist of a qualified low-income
             building (or buildings) as defined in the Internal Revenue Code section 42(c)(2) and will satisfy all
             applicable requirements of State and federal tax law in the acquisition, rehabilitation, and operation
             of the project to receive State and federal housing tax credits.
       2)    I am responsible for all calculations and figures relating to the determination of the eligible basis of
             the building(s). I understand and agree that the amount of the credit is allocated by reference to the
             figures that I submit as to eligible and qualified basis. I understand that the actual amount of credit
             allocated may vary somewhat from the amount initially reserved or committed due to (a) the
             determination by the Georgia Department of Community Affairs ("DCA") as to the amount of credit
             necessary for the financial feasibility of the project and its viability as a qualified low-income
             housing project; (b) revisions in the calculations of eligible and qualified basis as finally determined;
             (c) fluctuations in the prevailing credit percentage; and (d) availability of the credit.
       3)    I understand and agree that DCA makes no representations or warranties regarding the financial
             feasibility of the project, the amount of credit, or the appropriateness of the allocation of the credit
             and makes no independent investigation as to the eligible and qualified basis and that any and all
             credit awards and credit amounts are solely based on representations made by me. I therefore agree
             to hold harmless and indemnify DCA and the individual directors, employees, members, officers,
             and agents of DCA in the event that I or anyone acting on my behalf, at my request or by and
             through me incurs any loss in conjunction with the project, diminution of the credit, loss of the
             credit, recapture of part or all of the credit or failure to allocate the credit requested in my
             application.

       4)    I understand and agree that neither DCA nor any of its individual directors, employees, members,
             officers, or agents assume any responsibility or make any representations or warranties with respect
             to: (i) the amount or availability of credit for the project; or (ii) the financial feasibility of the
             project.




2012 OAH Funding Application                                                          DCA Office of Affordable Housing                                                     Page 78 of 83
       5)    I understand and agree that my application for a low-income housing credit and/or HOME loan, all
             attachments thereto, amendments, and all correspondence relating to my application in particular or
             the credit in general are subject to a request disclosure under the Georgia Open Records Act and I
             expressly consent to such disclosure. I further understand and agree that any and all correspondence
             to me from DCA or other DCA-generated documents relating to my application are subject to a
             request for disclosure under the Georgia Open Records Act and I expressly consent to such
             disclosure. I agree to hold harmless DCA and the individual directors, employees, members,
             officers, and agents of DCA against all losses, costs, damages, expenses, and liability of whatsoever
             nature or kind (including, but not limited to, attorneys' fees, litigation, and court costs) directly or
             indirectly resulting from or arising out of the release of all information pertaining to my application
             pursuant to a request under the Georgia Open Records Act.

       6)    I understand that any misrepresentations in this application or supporting documentation may result
             in a withdrawal of tax credits and/or HOME loan by DCA, my (and related parties) being barred
             from future program participation, and notification of the Internal Revenue Service and/or HUD.
       7)    I certify that all Federal, State and local subsidies have been disclosed and revealed.

       In addition, Applicant understands:
        •    The above certifications are of a continuing nature and apply at all stages of the application process:
             initial application, commitment, and final allocation/funding.
        •    The State of Georgia Department of Community Affairs (DCA) must be notified of any subsequent
             events or information, which would change any statements or representations in the attached
             application or amendments thereto;
        •    DCA reserves the right to verify all information or documents used in processing the application,
             including requiring credit checks on all parties involved in the transaction. Applicant hereby
             authorizes the financing bank, accountant, mortgage lender, creditors, other state housing agencies
             and others sources identified in the application to release information to DCA or its designee in
             order to verify the accuracy of information in the application and amendments thereto.

       Applicant agrees and understands that it may be charged for all fees and costs incurred by DCA in the
       inspection of funded properties during and after construction and in the enforcement of DCA regulations
       and policies.
       To the best of my knowledge, all of the information in the attached application, including all supporting
       documentation is correct, complete and accurate.

       APPLICANT/OWNER


                               Printed Name                                                Title




                                Signature                                                  Date

                                                                                          [SEAL]




2012 OAH Funding Application                                                          DCA Office of Affordable Housing   Page 79 of 83
                                                                                           SUMMARY OF DCA UNDERWRITING ASSUMPTIONS
Category                                                Specification                                                 Scale                                                                          Minumum Maximum
Funding Limits                                          LIHTC                                                         Per Project                                                                      n/a          950,000
                                                                                                                      Per Owner Per Round                                                              n/a         1,700,000
                                                        HOME                                                          Per Project                                                                    800,000       2,000,000
                                                                                                                      Per Owner Per Round (% of HOME funds available)                                  n/a            25%
                                                                                                                          0 BR         1 BR         2 BR          3 BR                 4 BR
                                                        Unit Cost Limit - both LIHTC and HOME                           110,481      126,647      154,003       199,229              199,229           n/a         11,845,368 Maximum is project-specific
                                                        Brownfield Projects                                             132,577      151,976      184,804       239,075              239,075           n/a         14,214,456 Maximum is project-specific
                                                        Historic Rehab Projects                                         121,529      139,312      169,403       219,152              219,152           n/a         13,029,900 Maximum is project-specific
Annual Operating Expenses
  Annual Operating Expenses                             Urban          Atlanta                                        Per Unit                                                                          4,500            n/a
                                                                       Other                                          Per Unit                                                                          4,000            n/a
                                                        Non-MSA Rural w/out USDA Financing                            Per Unit                                                                          3,000            n/a
                                                        Rural w/USDA 515 Financing                                    Per Unit                                                                          3,000            n/a
  Replacement Reserve Pymt                              Rehab                                                         Per Unit                                                                            350            n/a
                                                        New                                                           Per Unit                                                                            250            n/a
                                                        All Single Family                                             Per Unit                                                                            420            n/a
                                                        All Historic Rehab                                            Per Unit                                                                            420            n/a
Development Costs
  Pre-Development Costs                                 Tax Credit Application Fee                                    Per Project - For Profit or Joint Venture                                                6,500
                                                        Tax Credit Application Fee                                    Per Project - Nonprofit                                                                  5,500
                                                        DCA Loan Application Fee                                      Per Project - For Profit or Joint Venture                                                1,000
                                                        DCA Loan Application Fee                                      Per Project - Nonprofit                                                                   500
                                                        DCA Loan / LIHTC Application Fee                              Per Project - For Profit or Joint Venture                                                7,000
                                                        DCA Loan / LIHTC Application Fee                              Per Project - Nonprofit                                                                  6,000
  Hard Costs                                            Rehab                                                         Per unit - Properties 20 yrs old or less                                       25,000            see UCL
                                                                                                                      Per unit - Properties over 20 yrs old                                          30,000            see UCL
  Construction Contingency                              New                                                           LESSER OF % of Construction Hard Costs                                          N/A                5%
                                                                                                                      OR Dollar amount                                                                N/A              500,000
                                                        Rehab                                                         LESSER OF % of Construction Hard Costs                                          N/A                7%
                                                                                                                      OR Dollar amount                                                                N/A              500,000
  Builder Profit                                        n/a                                                           % of (Construction Hard Costs, exclusive of Contingency and Contractor Svcs)    n/a                6%
  Builder's Overhead                                    n/a                                                           % of (Construction Hard Costs, exclusive of Contingency and Contractor Svcs)    n/a                2%
  General Requirements (exclusive of Contractor Svcs)   n/a                                                           % of (Construction Hard Costs, exclusive of Contingency and Contractor Svcs)    n/a                6%
  LIHTC Allocation Fee                                  LIHTC Fee                                                     Percent of Credit Request                                                                 8%
  4% LIHTC IRS Form 8609 Fee                            LIHTC Fee                                                     Percent of Credit Request                                                                 8%
  Front-End Analysis Fee                                                                                                                                                                                       2,700
  Compliance Monitoring Fee                             LIHTC Fee (both 4% and 9%)                                    Per Unit                                                                        800            n/a
                                                        USDA 515 or URFA Fee                                          Per Unit                                                                        400            n/a
                                                        Single Family fee                                             Per Dwelling                                                                    1500           n/a
  Developer's Fee                                                                                                     Maximum                                                                             1,800,000
                                                        Identity of Interest        New Construction                  % of (TDC - budgeted DF - Demo - uw Land)                                              15%
                                                                                    Acq / Rehab Acq portion           % of Existing Structures acquisition cost (including Acquisition Legal Fees)           15%
                                                                                                   Rhb portion        % of (TDC - budgeted DF - uw Land - Acq Lgl Fees - Existing Structures)                15%
                                                                                    Rehabilitation                    % of (TDC - budgeted DF - uw Land - Acq Lgl Fees - Existing Structures)                15%
                                                                                                   % DF to bldg acq   % of (TDC - budgeted DF - uw Land)                                                     15%
                                                        No Identity of Interest                                       LESSER OF % of (TDC - uw Land - budgeted DF - Bldr profit)                             15%
                                                                                                                      OR percentage proposed                                                                  ?
                                                        Deferred DF Term (Years)                                                                                                                        0            15
                                                        Deferred DF % of Total DF                                                                                                                      0%           50%
  Operating Deficit Reserve                                                                                           Mths of Year 1 Debt Service (out of 12)                                           6            n/a
                                                                                                                      Mths of Year 1 O&M Expense (out of 12)                                            6            n/a
  Rent-Up Reserve                                                                                                     Mths of projected operating expenses                                              3            n/a
  Final Inspection Fee                                                                                                Per Project                                                                           3,000
Proforma Operating Forecast
  Number of Persons in Family and Percentage Adjustments for Rent Calculations        1             2               3         4       5      6      7      8
                                                                                     70%           80%             90%       Base   108%   116%   124%   132%
  Revenue Growth Rate                                                            Per Operation Year                                                             2%
  V&C Loss Rate (Non-PBRA/USDA)                                                  Per Operation Year                                                             7%
  V&C Loss Rate (PBRA/USDA)                                                      Per Operation Year                                                             7%
  Operating Expense Growth Rate                                                  Per Operation Year                                                             3%
  Replacement Reserve Annual Payment Growth Rate                                 Per Operation Year                                                             3%
  Operating Reserve Annual Payment Growth Rate                                   Per Operation Year                                                             0%
Setasides                                                Nonprofit               Percent of available 9% credit pool                                           10%
                                                         Rural                   Percent of available 9% credit pool                                           30%
                                                         Preservation            Percent of available 9% credit pool                                           25%
                                                         Special Needs           Per Project                                                                1,000,000
                                                         Supplemental            Per Project                                                                1,000,000
                                                         CHDO                    Percent of state HOME allocation                                              15%




                                 2012                                            Assumed Family Size Adjustments
                   Area             AMI                                           # Bdrms       Adj         AFS
            Albany                49,400                                               0            0.7                 1
            Athens-Clarke County59,400                                                 1            0.75               1.5
                                  69,300
            Atlanta-Sandy Springs-Marietta                                             2            0.9                 3
            Augusta-Richmond Co.  57,900                                               3            1.04               4.5
            Brunswick             60,200                                               4            1.16                6
            Butts Co.             64,200                                               5            1.28               7.5
            Chattanooga           57,800
            Columbus              52,300
            Dalton                50,800
            Gainesville           62,000
            Haralson Co.          47,400
                                  47,700
            Hinesville - Fort Stewart
            Lamar Co.             43,200
            Long Co.              49,100
            Macon                 54,700
            Meriwether Co.        49,500
            Monroe Co.            64,600
            Murray Co.            47,700
            Rome                  52,800
            Savannah              60,800
            Valdosta              50,900
            Warner Robins         71,400
            Appling Co.           45,100
            Atkinson Co.          37,000
            Bacon Co.             45,700
            Baldwin Co.           50,300
            Banks Co.             49,000
            Ben Hill Co.          37,000
            Berrien Co.           44,300
            Bleckley Co.          53,000
            Bulloch Co.           56,700
            Calhoun Co.           43,800
            Camden Co.            61,700
            Candler Co.           41,300
            Charlton Co.          48,900
            Chattooga Co.         41,100
            Clay Co.              44,800
            Clinch Co.            42,200
            Coffee Co.            42,900
            Colquitt Co.          40,900
Cook Co.         41,600
Crisp Co.        40,900
Decatur Co.      47,400
Dodge Co.        46,800
Dooly Co.        40,300
Early Co.        41,800
Elbert Co.       40,100
Emanuel Co.      39,300
Evans Co.        44,800
Fannin Co.       46,300
Franklin Co.     46,200
Gilmer Co.       44,500
Glascock Co.     43,400
Gordon Co.       52,400
Grady Co.        45,700
Greene Co.       48,000
Habersham Co.    50,900
Hancock Co.      33,800
Hart Co.         50,600
Irwin Co.        56,600
Jackson Co.      59,300
Jeff Davis Co.   39,000
Jefferson Co.    39,000
Jenkins Co.      37,000
Johnson Co.      33,300
Laurens Co.      51,300
Lincoln Co.      43,700
Lumpkin Co.      53,100
Macon Co.        39,200
Miller Co.       45,300
Mitchell Co.     48,300
Montgomery Co.   48,100
Morgan Co.       57,500
Peach Co.        59,600
Pierce Co.       49,400
Polk Co.         48,600
Pulaski Co.      47,200
Putnam Co.       52,700
Quitman Co.      40,900
Rabun Co.        53,300
Randolph Co.     33,900
Schley Co.       48,700
Screven Co.      49,700
Seminole Co.     45,800
Stephens Co.     45,300
Stewart Co.      38,700
Sumter Co.       41,400
Talbot Co.       47,300
Taliaferro Co.   25,600
Tattnall Co.     46,300
Taylor Co.       37,500
Telfair Co.      40,800
Thomas Co.       51,900
Tift Co.         47,700
Toombs Co.       43,800
Towns Co.        51,900
Treutlen Co.     39,000
Troup Co.        50,800
Turner Co.       41,500
Union Co.        51,400
Upson Co.        45,500
Ware Co.         46,600
Warren Co.       37,000
Washington Co.   43,300
Wayne Co.        52,400
Webster Co.      38,300
Wheeler Co.      47,700
White Co.        54,600
Wilcox Co.       41,700
Wilkes Co.       42,600
Wilkinson Co.    45,800

				
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