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2012-020 Woodlands Village II

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					       Georgia Department of Community Affairs                                                                                                                             Office of Affordable Housing
                                                2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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)                                                                    N/a
                                                               Superior Project Concept supporting documentation                                                                                                          N/a
                                                               Application Certification Letter (Tab X of electronic Core Application)                                                                                    Yes
                                                               Copy of Tax Exempt Bond Inducement Resolution, if applicable                                                                                               N/a
                                                               Master Planned Community Documentation                                                                                                                     N/a
                                                               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)                                                                            N/a
         Special Needs Set Aside                               DCA Designation for Special Needs Set Aside                                                                                                                N/a
         Preservation Set Aside                              IRS Forms 8609 for first and final years of credit period                                                                                                    N/a
                                                             Legal opinion that project will meet for the 15 year compliance period requirement specified for the Preservation Set-Aside                                  N/a
                                                             Replacement housing factor (RHF) funds documents                                                                                                             N/a
                                                             Project Based Section 8 contract (Original and Renewal)                                                                                                      N/a
                                                             HUD Section 236 decoupling documents                                                                                                                         N/a
                                                             Narrative and Documentation supporting project's qualification for "Significant Community Value" Add-On points                                               N/a
                                   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                     N/a
                                   HUD Properties            Documentation from HUD specifying the projects High Priority designation                                                                                     N/a
                                                             HUD Designation as Preservation Property in danger of losing affordability                                                                                   N/a
         Non-Profit Set Aside                                  IRS Tax-Exempt Status Determination Letter                                                                                                                 N/a
                                                               Secretary of State Certification of Nonprofit Status                                                                                                       N/a
                                                               General Partnership Joint Venture Agreement if applicable                                                                                                  N/a
                                                               Legal Opinion regarding nonprofit tax-exempt qualification status (and documentation stating nonprofit's by-laws have not changed since opinion was        N/a
                                                               issued, if opinion was previously obtained)
                                                               Documentation of ALL Nonprofit's ownership interest                                                                                                        N/a
                                                               Board of Directors information: name, address, phone, occupation, positions                                                                                N/a
                                                               Development Agreement                                                                                                                                      N/a
                                                               By-laws or Articles of Incorporation for Non Profit                                                                                                        N/a
                                   CHDO                        Copy of State CHDO Pre-qualification or Renewal Letter if requesting DCA HOME funds                                                                        N/a
                                                               Evidence of CHDO Predevelopment Loan if requesting DCA HOME funds from CHDO set aside                                                                      N/a
                                                               Evidence that project is within CHDO service area if requesting DCA HOME funds from CHDO set aside                                                         N/a
                                                               Copy of the general partnership/joint venture agreement indicating the CHDO’s general partnership interest and its share (or the share of the wholly       N/a
                                                               owned and controlled affiliate) of the Developer Fee


       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                                   Application Tabs Checklist                                                                                       1 of 83
        Georgia Department of Community Affairs                                                                                                                                  Office of Affordable Housing
                                                     2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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                                                                                               Yes
          General                                                  Approved Performance Workbook for all project participants                                                                                                  N/a
                                                                   General Partner Organization Documents Including Operating Agreement                                                                                        Yes
                                                                   Documentation that organizational entities are registered to do business in Georgia                                                                         Yes
                                                                   Developer Organization Documents                                                                                                                            Yes
                                                                   All Partnership and Consulting Agreements Between Project Participants                                                                                      N/a
          Qualifications for Project Team (Performance and         Development fee sharing arrangements                                                                                                                        N/a
          Compliance)                                              Guarantor agreements                                                                                                                                        N/a
                                                                   Documentation of all pending litigation                                                                                                                     N/a
          Capacity Building for Industry Professionals            Evidence of full time employment in the Tax credit industry for a minimum period of five years                                                               N/a
                                                                  Evidence of material participation in the successful development of at least two Tax Credit projects during that period. (Ownership interest is not          N/a
                                                                  Statement Confirming No participation in adverse development                                                                                                 N/a
                                                                  Complete resume                                                                                                                                              Yes
                                                                  Completed release to allow DCA to perform a personal credit check and a criminal background check                                                            Yes
                                                                  Business Plan which outlines how the Project Team will address different areas required for successful development of tax credit project.                    Yes
                                                                  Evidence of sufficient liquidity to attract syndication either through the assets of the project team or through a guarantor may also be required.           N/a
                                                                  Narrative of proposed project and organizational structure                                                                                                   Yes
      * 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                                                                                                                 N/a
                                                                   Amenities Pre-Approval                                                                                                                                      N/a
                                                                   Sustainable Communities Pre-Approval                                                                                                                        N/a
                                                                   Noise Waiver                                                                                                                                                N/a
                                                                   DCA Operating Expense Waiver Approval                                                                                                                       N/a
                                                                   Payment & Performance Bond Waiver                                                                                                                           N/a
                                                                   Scattered Sites Pre-Approval                                                                                                                                N/a
                                                                   Other Waiver Approval                                                                                                                                       N/a
                                                                   Other Pre-Approval                                                                                                                                          N/a
      THRESHOLD DOCUMENTATION
5 Financing Commitments                                            Preliminary Financing Commitments - Debt, Equity, Historic Rehab Credits & Grants (if applicable)                                                           Yes
                                                                   USDA documentation, if applicable                                                                                                                           N/a
                                                                   CDBG documentation, if applicable                                                                                                                           N/a
                                                                   NSP Reservation and commitments, if applicable                                                                                                              N/a
                                                                   AHP Commitment and loan documents, if applicable                                                                                                            N/a
                                                                   Permanent Supportive Housing commitment                                                                                                                     N/a
                                                                   Documentation of Applicable Index Rate (for interest rates tied to an index), if applicable                                                                 N/a
                                                                   DCA HOME Loan consent pursuant to the pre-application process, if applicable                                                                                N/a




        fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                                       Application Tabs Checklist                                                                                       2 of 83
       Georgia Department of Community Affairs                                                                                                                         Office of Affordable Housing
                                               2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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                                                                                                                 N/a
                                                          HUD Under Consideration Letter & Lender Preliminary Commitment for HUD 221(d)3 or (d)4 Program, if applicable                                               N/a
                                                          HUD Invitation to Submit, if applicable                                                                                                                     N/a
                                                          Tax Abatement documentation, if applicable                                                                                                                  N/a
                                                          Evidence of PBRA Agreements, if applicable                                                                                                                  N/a
                                                          Support Documentation for Tax Exemption                                                                                                                     N/a
                                                          Alternate Financing Commitments, if applicable, due on or before 7/27/12.                                                                                   N/a
                                                          Other Financing Commitments                                                                                                                                 N/a
        Leveraging of Resources
                                  Off Site Improvement,   Commitment of Funds meeting DCA requirements                                                                                                                N/a
                                  Amenity and Facility    Description and location of improvements on site map                                                                                                        N/a
                                  Investment              Narrative that includes benefit specific to the tenant base                                                                                                 N/a

6 Assumption of Existing Debt (if applicable)             Estoppel Letter from Lender containing certifications required relating to assumption of existing debt                                                      N/a
                                                          Copy of Original Promissory Note and Amendments                                                                                                             Yes
                                                          Copy of Original Loan Agreement and Amendments                                                                                                              Yes
                                                          Copy of Original Security Instruments                                                                                                                       Yes

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                                                                                                 N/a

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                                                                               N/a
                                                          Proof of ownership or executed easement of a private drive, if applicable                                                                                   N/a
                                                          Plans and costs for paving private drive, including associated development costs, if applicable                                                             N/a

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




       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                               Application Tabs Checklist                                                                                      3 of 83
       Georgia Department of Community Affairs                                                                                                                        Office of Affordable Housing
                                            2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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)                                  N/a
                                                         Letter of availability and capacity from local Natural Gas provider                                                                                         Yes
                                                         Public Water/Sewer Requirement Waiver Approval                                                                                                              N/a
                                                         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)                                                                                                 N/a
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)                                                                                Yes
   (Rehab projects)                                      Rehabilitation Work Scope                                                                                                                                   Yes

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                                                                                                                 N/a
                                                         US Census Tract documentation                                                                                                                               N/a
                                                         Certification for Contracts, Loans and Cooperative Agreements                                                                                               N/a
                                                         Disclosure of Lobbying Activities                                                                                                                           N/a
                                                         Applicant / Recipient Disclosure / Update Report                                                                                                            N/a
                                                         MBE / WBE Outreach Plan Guide form                                                                                                                          N/a
                                                         Affirmative Fair Housing Marketing Plan                                                                                                                     N/a
                                                         Copy of all documents relating to the different standards of review                                                                                         N/a

17 Required Legal Opinions                               LIHTC Legal Opinion as to Project Qualification for Acquisition Credits                                                                                     Yes
                                                         Legal Opinion for Assisted Living (as applicable)                                                                                                           N/a
                                                         Legal opinion for scattered site projects. The legal opinion should address the proposed site plan and must be included as part of the opinion              N/a
                                                         Other legal (Explain in "Other" tab section at end of this checklist)                                                                                       N/a




       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                              Application Tabs Checklist                                                                                       4 of 83
       Georgia Department of Community Affairs                                                                                                                           Office of Affordable Housing
                                             2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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                                                                                                                             N/a
                                                         Detailed Project-Specific Displacement/Relocation Plan and Budget                                                                                               Yes
                                                         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                                                                                                                                     Yes
                                                         Site Relocation Survey                                                                                                                                          Yes
      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                                                                                         N/a
                                                         Documentation from the owner of the site on which the undesirable condition exists or from a third party government source documenting how such                 N/a
                                                         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    N/a
                                                         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                                                                       N/a
                                                         Documentation from transit authority showing relevant bus route and schedule                                                                                    N/a
21 Adaptive Re-Use                                       Documentation on the previous use of the building                                                                                                               Yes
                                                         Photographs of the building that is to be reused                                                                                                                Yes
                                                         Documentation of whether or not the building is occupied                                                                                                        Yes
                                                         Narrative of how building will be reused                                                                                                                        Yes

22 Brownfield                                            Evidence of designation as a Brownfield site                                                                                                                    N/a
                                                         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              N/a
                                                         Limitation of Liability
                                                         Proposed scope of work for clean up of a site                                                                                                                   N/a
                                                         Detailed budget for clean up                                                                                                                                    N/a
                                                         Time line for clean up of the site                                                                                                                              N/a

23 Sustainable Communities Certification                 Copy of an executed EarthCraft Communities Memorandum of Participation for the development where the project is located                                         N/a
                                                         Narrative as to how the Memorandum is applicable to the project (if Memorandum of Participation is not signed by the Applicant).                                N/a
                                                         Draft scoring sheet for the development that includes the minimum score under the program to qualify for the designation and the master site plan               N/a
                                                         Documentation of the project’s registration in the LEED database.                                                                                               N/a



       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                              Application Tabs Checklist                                                                                          5 of 83
       Georgia Department of Community Affairs                                                                                                                         Office of Affordable Housing
                                              2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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                                                                                          N/a

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                       N/a
                                                         Additional documentation reflecting the time limits for use of the HOPE VI or Choice Neighborhoods funds                                                    N/a
                                                         A certification letter from the Executive Director of the identified PHA                                                                                    N/a
                                                         A copy of the HUD approved Revitalization Plan.                                                                                                             N/a
        Statutory Redevelopment Plans                    Copy of the Plan                                                                                                                                            N/a
                                                         Website address where information regarding the plan can be located                                                                                         N/a
                                                         Copy of Resolution(s) adopting the Plan according to requirements of statute                                                                                N/a
                                                         Documentation of Public Hearing and Publication if required by statute                                                                                      N/a
                                                         Documentation that Plan is current, ongoing and directly affects the site                                                                                   N/a
        Redevelopment Zones                              Copy of Resolution adopting the state enterprise zone                                                                                                       N/a
                                                         Documentation evidencing that the proposed site is located in a QCT/DDA                                                                                     N/a
        Local Redevelopment Plans                        DCA Neighborhood Redevelopment Certification Form                                                                                                           N/a
                                                         Documentation of the process the government used for developing and adopting the plan                                                                       N/a
                                                         Details regarding community input and public hearings held prior to the adoption of the plan                                                                N/a
                                                         Copy of the entire plan                                                                                                                                     N/a
                                                         Evidence of adoption                                                                                                                                        N/a
                                                         Map of area targeted by plan identifying location of project                                                                                                N/a

27 Tenant Ownership                                      Copy of Strategy meeting requirements                                                                                                                       N/a

28 DCA Community Initiatives                             Letter executed by Official Representative                                                                                                                  N/a

29 Historic Designation                                  Copy of the Georgia DNR-HPD and NPS approved Part 1, Part 2 and, if applying, the Georgia-approved Part A                                                   N/a
                                                         Copy of Georgia DNR-HPD and NPS approved Part 1 - Evaluation of Significance                                                                                N/a
                                                         Copy of preliminary equity commitment for federal and Georgia historic rehab credits and such equity must be included as part of the project funding        N/a
                                                         sources




       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                             Application Tabs Checklist                                                                                        6 of 83
       Georgia Department of Community Affairs                                                                                                                     Office of Affordable Housing
                                            2012 Application Binder Tabs Checklist For: 2012-020, Woodlands Village II , Walker 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                                                Request for change in LURA/LURC                                                                                                             Yes
      (Provide name of each item and what section it is
      needed for)




31 Market Feasibility                                    Market Study for proposed site                                                                                                             Yes

32 Appraisal                                             Applicant Commissioned Appraisal (if applicable)                                                                                           N/a

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)                                                                                               N/a

                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




       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                               Application Tabs Checklist                                                                     7 of 83
                                                                                                   Project Narrative
                                                                                                 Woodlands Village II
                                                                                               LaFayette, Walker County

Woodlands Village Phase II, L.P.
Project Narrative
                                                                                                                                                                                                                                 NOTE: Row size may be increased or
                                                                                                                                                                                                                               decreased as needed. Press and hold Alt-
Woodlands Village is a 52 unit, elderly (HFOP) apartment complex located in LaFayette, Walker County, Georgia. The complex is only a few blocks from downtown LaFayette and the location is convenient to all
local services and conveniences. This includes quick and easy access to a wide variety of retail shops, restaurants, grocery, pharmacy, convenience stores, churches, banking, City parks, post office, Emergency
                                                                                                                                                                                                                               Enter to start new paragraphs in the same
Services, Court House, City Hall, schools, library and the major travel routes in the area.                                                                                                                                                       box.

The current complex currently has 3 residential buildings, a small clubhouse and minimal parking. In addition, the property has vacant acreage on the west side of the complex which is relatively flat and wooded.
City water and sewer are adequate and available at the site, currently serving Woodlands Village, with capacity for additional units. The existing LURC have incomes and rents targeted at 60%, 50%, and 45%. We
wish to eliminate the 45% very low income rent targeting for those specific units to improve the long-term affordability period of the existing HOME loan. We do not intend to evict or raise rents on current Tenants
who are unable to pay the 50% rents. This can be accomplished as units turn over naturally. We do plan to seek rental assistance for these very, very low income Tenants who are so desperately in need of
assistance.

The site takes advantage of on-site existing utilities and is also zoned properly for the development, including additional units. The site topography is very suitable for the construction of additional units, additional
parking, and a large Community Building.

The current facility has only 12 two bedroom units. The Phase II plan would include the construction of 40 additional units which would be 2 bedroom, 2 bath, and provide greater flexibility for the market demands.
The old clubhouse will be converted to provide storage units for all residents and more convenient parking added for the existing complex. The existing units would be upgraded and rehabbed by adding the
storage, improving walkways, energy efficiency, new roofing, carpet and vinyl throughout, painting as needed, repairs and upgrades to existing paving and drives, and replacing mechanical as needed. As
mentioned, a spacious Community Building (Approximately 1949 sq. ft.) is planned for the complex. A number of other amenities are planned such as a gazebo, outdoor and indoor gathering areas, and a laundry
facility.

Energy efficiency and low maintenance will be a priority in the design and construction with a commitment to obtain a sustainable building certification through Southface Energy Institute's EarthCraft Multifamily
certification program for new construction.




         2012 Project Narrative                                                                                     fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx                                                                                                 8 of 83
              Georgia Department of Community Affairs                                                                          2012 Funding Application                                                         Office of Affordable Housing
                                                  PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker 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.                                        2012-020

I.        DCA RESOURCES                              LIHTC (auto-filled based on later entries)                   $                718,609                                        Pre-App Nbr (if applicable)
                                                     DCA HOME (amount from Consent Form)                          $                      -                                              PA12-22

II.       TYPE OF APPLICATION                        Supplemental Setaside                              Other:
III.      APPLICANT CONTACT FOR APPLICATION REVIEW
          Name                                       Patricia Dobbins                                                                                    Title       CFO of Developer
          Address                                    404 East McKinney Ave                                                                               Direct Line             (256) 878-6054
          City                                       Albertville                                                                                         Fax                     (256) 878-6122
          State                                      AL                                              Zip+4              35950-0158                       Cellular                (256) 558-2273
          Office Phone                               (256) 878-6054                                   Ext.                      E-mail        patdobbine@olympiaconstruction.net
          (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)

IV.       PROJECT LOCATION
          Project Name                               Woodlands Village II                                                                                   Phased Project?      No
          Site Street Address                        W. North Main St                                                                                       Scattered Site?      No
          City                                       LaFayette                                9-digit Zip *       30728-0000                                Acreage              7
          Within City Limits?                        Yes                                      County        Walker                                          Census Tract #       207
          In USDA Rural Area?                        Yes                              HUD SA:    MSA        Chattanooga                                     QCT?          No            DDA? No
                                                           Congressional *                 State Senate                 State House
          Legislative Districts                                  9                              53                            1
          If on boundary, other district:
          Political Jurisdiction                     City of LaFayette
          Name of Chief Elected Official             H Neal Florence                                                                Title     Mayor
          Address                                    P O Box 89                                                                     City      LaFayette
          Zip+4                                      30728-0000                       Phone                    (706) 639-1500                    Fax
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                                 39
          Adaptive Reuse
          Acquisition/Rehabilitation                                For Acquisition/Rehabilitation, date of original construction:                6/30/03
          Substantial Rehabilitation                       52
          Historic Rehab




              fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

        C. Unit Breakdown                                                                         # of PBRA               D. Unit Area
           Number of Low Income Units                                                      91        Units                   Total Low Income Residential Square Footage                  78,439
                        Number of 50% Units                                                43                                Total Unrestricted (Market) Residential Square Footage
                        Number of 60% Units                                                48                                Total Residential Square Footage                             78,439
           Number of Unrestricted (Market) Units                                                                             Total Common Space Square Footage from Units                  1,105
           Total Residential Units                                                         91                                Total Square Footage from Units                              79,544
           Common Space Units                                                               1
           Total Units                                                                     92
        E. Buildings      Number of Residential Buildings                                  4                                 Total Common Area Square Footage from Nonresidential areas    1,949
                          Number of Non-Residential Buildings                              2                                 Total Square Footage                                         81,493
                          Total Number of Buildings                                        6
        F. Total Residential Parking Spaces (min 1.5 per unit)                            138

VI.        TENANCY CHARACTERISTICS
        A. Family or Senior (if Senior, specify Elderly or HFOP)                        HFOP                                 If Other, specify:
        B. Mobility Impaired                                Nbr of Units Equipped:         8                                 % of Total Units                                             8.7%
        C. Sight / Hearing Impaired                         Nbr of Units Equipped:         2                                 % of Total Units                                             2.2%
        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

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

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




               fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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:                                        1
      B. Amount of Federal Tax Credits in All Applications:                    718,609
      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
         Olympia Construction, Inc.              Woodlands Village II                                  8
                                                                                                       9
         3                                                                                             10
         4                                                                                             11
         5                                                                                             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                                                   No
         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
         USDA funded affordable nonpublic housing project                        No




             fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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?                                If yes, expiration year:                       Nbr yrs to forgo cancellation option:
      C. Is there a Tenant Ownership Plan?                                      No
      D. Is the Project Currently Occupied?                                     Yes
         Total Existing Units                                                    52
         Number Occupied                                                         52
         % Existing Occupied                                                  100.00%
      E. Waivers and/or Pre-Approvals - have the following waivers and/or pre-approvals been approved by DCA?
         Amenities?                                                                                                                        Request for Special Needs Set Aside Designation
         Architectural Standards?                                                                                                          Probationary Participation?
         HOME Consent?                                                                                                                     Service Requirement (for small rural projects)?
         Qualification Determination?                                           Yes                                                        Scattered Site
         Payment & Performance Bond?                                                                                                       Noise Waiver
         Operating Expense?                                                             ---------------------------------------------> If Yes, new Limit is:
         Other (specify):
      F. Projected Place-In-Service Date
         Acquisition                                                        August 31, 2012
         Rehab                                                              December 30, 2013
         New Construction                                                   December 30, 2013
XIII.    APPLICANT COMMENTS AND CLARIFICATIONS                                                                             XV.             DCA COMMENTS - DCA USE ONLY
Applicant seeks to acquire and rehaB the 52 existing units currently called Woodlands Village. Including remodeling and
converting of old clubhouse and providing additional parking. New roofs, storage, improved walkways, new carpet and vinyl,
painting as needed, and replace mechanical as needed with other improvements are planned for the existing units/property. In
addition, 40 new units all in one, 3 story bldg, two bedroom, two bath with a 1949 sq. ft. community building will be built on                                                                                        NOTE: Row size may be increased or
additional land that is part of this project.
                                                                                                                                                                                                                    decreased as needed. Press and hold Alt-
                                                                                                                                                                                                                    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


              fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

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
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

       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

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
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

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     Georgia Department of Community Affairs                                                                                            2012 Funding Application                                                                                   Office of Affordable Housing
                                                    PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

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
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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             Development Authority of Vidalia                                 Dock Junction    Glynn      Census Designated Place
                                                                             Development Authority of Walton County                           Doerun           Colquitt   Doerun City
                                                                             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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             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
                                                                             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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             Fulton County/City of Atlanta Land Bank Authority, Inc.   Hull           Madison      Hull Town
                                                                             Gainesville and Hall County Development Authority         Ideal          Macon        Ideal City
                                                                             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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             Housing Authority of the City of Colquitt                   Lovejoy      Clayton      Lovejoy City
                                                                             Housing Authority of the City of Conyers                    Ludowici     Long         Ludowici City
                                                                             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.                MarshallvilleMacon        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            MilledgevilleBaldwin      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 BluffFannin       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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             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
                                                                             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

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Georgia Department of Community Affairs                                                     2012 Funding Application                                                                                       Office of Affordable Housing
                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                                                                                               Plainville
                                                                             Joint Development Authority of Fannin County, Towns County and Union County Gordon             Plainville City           Dock Junction Glynn           Census Designated Place
                                                                                                                                               Pooler
                                                                             Joint Development Authority of Franklin, Hart and Stephens Counties               Chatham      Pooler City               Druid Hills       DeKalb      Census Designated Place
                                                                             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

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                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             Screven County Development Authority                                Sasser           Terrell             Sasser Town
                                                                             Smyrna Housing Authority                                            Savannah         Chatham             Savannah City
                                                                             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

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Georgia Department of Community Affairs                                                     2012 Funding Application                                                                  Office of Affordable Housing
                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                             Waycross and Ware County Development Authority     Tennille       Washington   Tennille City
                                                                             West Central Georgia Joint Development Authority   The Rock       Upson        Defunct city govt
                                                                             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

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Georgia Department of Community Affairs                                                 2012 Funding Application                                                                                  Office of Affordable Housing
                             PART ONE - PROJECT INFORMATION - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                                                                                         Whitesburg      Carroll          Whitesburg City
                                                                                                                         Willacoochee Atkinson            Willacoochee City
                                                                                                                         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.




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

I.   OWNERSHIP INFORMATION

     A. OWNERSHIP ENTITY                         Woodlands Village II, LP                                                                    Name of Principal    Patricia Dobbins
            Office Street Address                404 East McKinney Ave.                                                                      Title of Principal   CFO of Developer
            City                                 Albertville                             Fed Tax ID:                                         Direct line          (256) 878-6054
            State                                    AL      Zip+4 *               35950-0158        HQ Congressional District *     4       Cellular             (256) 558-2773
            10-Digit Office Phone / Ext.         (256) 878-6054                              Fax          (256) 878-6122              E-mail patdobbins@olympiaconstruction.net
              (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             Woodlands Village II GP, LLC      Olympia Construction, Inc. sole Member of GP             Name of Principal     Jeff Beaver
              Office Street Address              404 East McKinney Ave.                                                                     Title of Principal    President
              City                               Albertville                                                                                Direct line           (256) 878-6054
              State                                  AL      Zip+4 *                            HQ Congressional District *         4       Cellular              (256) 571-5054
              10-Digit Office Phone / Ext.       (256) 878-6054                        Fax            (256) 878-6122                 E-mail jeffbeaver@olympiaconstruction.net
           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     Charles Pope
              Office Street Address              200 W Clinton Ave                                                                         Title of Principal    Vice President
              City                               Huntsville                                                                                Direct line           (256) 532-5022
              State                                  AL       Zip+4          35801-4918                                                    Cellular              (256) 337-4589
              10-Digit Office Phone / Ext.       (256) 532-5022                       Fax             (256) 535-6844                E-mail charles.pope@regions.com
           b. State Limited Partner              Gardner Capital, Inc.                                                                     Name of Principal    Mark Gardner
              Office Street Address              1414 E. Primrose St;Suite 100                                                             Title of Principal   President
              City                               Springfield                                                                               Direct line          (417) 447-1802
              State                                  MO       Zip+4          65804-0000                                                    Cellular             (417) 844-8202
              10-Digit Office Phone / Ext.       (417) 447-1800                       Fax             (447) 864-7894                E-mail mgardner@gardnercapital.com




      fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

      3. NONPROFIT SPONSOR
             Nonprofit Sponsor                                                                                              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                               Olympia Construction, Inc.                                                  Name of Principal     Jeff Beaver
           Office Street Address              404 East McKinney Ave                                                       Title of Principal    President
           City                               Albertville                                                                 Direct line           (256) 878-6054
           State                                  AL       Zip+4           35950-0158                                     Cellular              (256) 878-6122
           10-Digit Office Phone / Ext.       (256) 878-6054                        Fax     (256) 878-6122         E-mail jeffbeaver@olympiaconstruction.net
   B. CO-DEVELOPER 1                                                                                                        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                                                                                                        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                                                                                                Name of Principal
           Office Street Address                                                                                            Title of Principal
           City                                                                                                             Direct line
           State                                            Zip+4                                                           Cellular
           10-Digit Office Phone / Ext.                                            Fax                             E-mail




     fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

III. OTHER PROJECT TEAM MEMBERS

   A. OWNERSHIP CONSULTANT                                                                                                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                      Olympia Construction, Inc.                                                Name of Principal    Ralph Fullerton
          Office Street Address               404 East McKinney Ave                                                     Title of Principal   Vice President
          City                                Albertville                                                               Direct line          (256) 878-6054
          State                                   AL       Zip+4           35950-0158                                   Cellular             (256) 558-2764
          10-Digit Office Phone / Ext.        (256) 878-6054                        Fax   (256) 878-6122         E-mail sharron@olympiaconstruction.net
   C. MANAGEMENT COMPANY                      Sunbelt Management Company                                                Name of Principal    John C. McConahey
          Office Street Address               9008 U S Highway 431                                                      Title of Principal   Dir of Management
          City                                Albertville                                                               Direct line          (256) 878-2408
          State                                   AL       Zip+4      35950-0158                                        Cellular
          10-Digit Office Phone / Ext.        (256) 878-2408                   Fax        (256) 891-0934         E-mail jack@sunbeltmgtco.com
   D. ATTORNEY                                Coleman Talley, LLP                                                       Name of Principal     Russell D. Henry
           Office Street Address              910 N. Patterson St.                                                      Title of Principal    Partner
           City                               Valdosta                                                                  Direct line           (229) 671-8235
           State                                  GA        Zip+4          31601-0000                                   Cellular
           10-Digit Office Phone / Ext.       (229) 671-8235                        Fax   (229) 333-0885         E-mail russ.henry@colemantalley.com
   E. ACCOUNTANT                              Donald Causey and Associates, CPA                                         Name of Principal   Donald Causey
          Office Street Address               307 A South 5th St.                                                       Title of Principal  Owner
          City                                Gadsden                                                                   Direct line         (256) 543-3707
          State                                   AL       Zip+4                                                        Cellular
          10-Digit Office Phone / Ext.        (256) 543-3707                       Fax    (256) 543-9800         E-mail causey@cybrtyme.com
   F. ARCHITECT                               McKean and Associates                                                     Name of Principal  Rory McKean
           Office Street Address              2815-B Zelda Rd.                                                          Title of Principal Member-Manager
           City                               Montgomery                                                                Direct line        (334) 272-4044
           State                                  AL       Zip+4           36106-0000                                   Cellular           (334) 462-4281
           10-Digit Office Phone / Ext.       (334) 272-4044                        Fax   (334) 244-0347         E-mail mckean@mckeanarch.com




     fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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            0.0100%
Other GP1
Other GP2
Federal LP                No                  No                  No                           No                           No                          No                  For Profit           99.9800%
State LP                  No                                      No                           No                           No                          No                  For Profit            0.0100%
NP Sponsor
Developer                 No                                      No                           No                           No                          No                  For Profit
Co-Develpr 1
Co-Develpr 2
Ownr Consult
Dev Consult
Contractor                No                  No                  No                           No                           No                          No                  For Profit
Mgt Co                    No                  No                  No                           No                           No                          No                  For Profit
                                                                                                                                                                                     Total      100.0000%

V.      APPLICANT COMMENTS AND CLARIFICATIONS                                                                                              VI.           DCA COMMENTS - DCA USE ONLY
Jeff Beaver, President of Olympia Construction, Inc. is the son of R.H. Beaver, the owner of Sunbelt Management Company.
                                                                                                                                                                                                            NOTE: Row size may be increased or decreased as
                                                                                                                                                                                                              needed. Press and hold Alt-Enter to start new
                                                                                                                                                                                                                      paragraphs in the same box.



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


      fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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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      Georgia Department of Community Affairs                                                                                                                                 2012 Funding Application                                                                                                                            Office of Affordable Housing

                                              PART THREE - SOURCES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                                            PART THREE - SOURCES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker County


I.    GOVERNMENT FUNDING SOURCES (check all that apply)                                                                                                                                                           GOVERNMENT FUNDING SOURCES (check all that apply)
                                                                                                                                                                                                                  DCA COMMENTS - DCA Use Only
         Yes       Tax Credits                         DCA HOME* --> amt from DCA Consent Ltr:                                                            Historic Rehab Credits                 McKinney-
                                                                                                                                                                                                 Vento
                   Tax Exempt Bonds                    DCA PSHP HOME*               CDBG                            FHA Risk Share                        FHA Insured Mortgage
                                                                                                                                                                                                 Homeless
                   Taxable Bonds                       Other HOME*                          FHLB /                  CHOICE                                Section 8 PBRA
                                                                                            AHP *                   Neighborhoods                         Other - describe here
                   USDA 515                            USDA 538
      *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 Construction Loan                                     3,150,000           4.000%                      24
      Mortgage B                                                               GHFA HOME Loan Assumption                                     3,207,893
      Mortgage C                                                               GHFA Affordable Housing Inc. Loan                                84,780
      Federal Grant
      State, Local, or Private Grant
      Deferred Developer Fees
      Federal Housing Credit Equity                                            Regions Bank                                                  1,287,004
      State Housing Credit Equity                                              Gardner Capital, Inc.                                         1,000,000
      Other Type (specify)                                                     Transferred Reserves                                            124,079
      Other Type (specify)
      Other Type (specify)
      Total Construction Financing:                                                                                                          8,853,756
      Total Construction Period Costs from Development Budget:                                                                               8,853,756
      Surplus / (Shortage) of Construction funds to Construction costs:                                                                               0




      fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                                   PART THREE - SOURCES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker 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)        HOME Loan Assumption                                 3,207,893                                  0                                   Cash Flow
       Mortgage B (Lien Position 2)
       Mortgage C (Lien Position 3)
       Other:
       Grant from foundation or charity
       Deferred Devlpr Fee
       Federal Grant
       State, Local, or Private Grant                                                                              Equity Check                   +/-                     TC Equity
       Federal Housing Credit Equity       Regions Bank                                         5,598,683           5,598,683                 0.37                        % of TDC
       State Housing Credit Equity         Gardner Capital, Inc.                                1,868,383           1,868,383                 -0.37                         52%
       Historic Credit Equity                                                                                                                                               17%
       Invstmt Earnings: T-E Bonds                                                                                                                                          69%
       Invstmt Earnings: Taxable Bonds
       Income from Operations
       Other:                              Replacement Reserves
                   Transferred from existing                                                      124,079
       Other:
       Other:
       Total Permanent Financing:                                                         10,799,038
       Total Development Costs from Development Budget:                                   10,799,038
       Surplus/(Shortage) of Permanent funds to development costs:                             0
IV.    APPLICANT COMMENTS AND CLARIFICATIONS                                                                               IV.         DCA COMMENTS - DCA USE ONLY
The GHFA Loan of $84,780 assumpted from the existing partnership will be paid off from the Tax Credit Equity. Federal &
State Tax Credit Equity will be used as needed to fund the portion of Development Financing not funded from the
Construction Financing from Regions Bank.                                                                                                                                                                           NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
                                                                                                                                                                                                                    paragraphs in the same box.




       fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                            PART FOUR - USES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker 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                                                                     10,000          10,000
  Market Study                                                                            5,500           5,500
  Environmental Report(s)                                                                 4,500           4,500
  Soil Borings                                                                            6,000           6,000
  Boundary and Topographical Survey                                                      25,000          25,000
  Zoning/Site Plan Fees
  Other: Georgia Dept of Environmental Permits & Inspections                             10,500          10,500
  Other: <Enter detailed description here; use Comments section if needed>
  Other: <Enter detailed description here; use Comments section if needed>
                                                                        Subtotal         61,500          61,500                -                 -                      -
  ACQUISITION                                                                                                                 ACQUISITION                                    ACQUISITION
  Land                                                                                  165,683                                                                    165,683
  Site Demolition                                                                        10,000                                                                     10,000
  Acquisition Legal Fees (if existing structures)                                        20,000                             20,000
  Existing Structures                                                                 3,126,993                          3,126,993
                                                                        Subtotal      3,322,676                          3,146,993                                 175,683
  LAND IMPROVEMENTS                                                                                                      LAND IMPROVEMENTS                                   LAND IMPROVEMENTS
  Site Construction (On-site)                                                           627,500         627,500                          274,000
  Site Construction (Off-site)
                                                                        Subtotal        627,500         627,500               -              274,000                    -
  STRUCTURES                                                                                                                 STRUCTURES                                      STRUCTURES
  Residential Structures - New Construction                                           2,472,500       2,472,500
  Residential Structures - Rehab                                                        561,540                                              287,540
  Accessory Structures (ie. community building, maintenance building, etc.)             155,000         155,000
                                                                        Subtotal      3,189,040       2,627,500              -           287,540                        -
  CONTRACTOR SERVICES                                   14.00%                                                          CONTRACTOR SERVICES                                  CONTRACTOR SERVICES
  Builder Profit:                                        6.00%           228,992        228,990         195,300                           33,690
  General Requirements* and Builder Overhead             8.00%           305,323        305,320         260,400                           44,920
  *Refer to General Requirements policy in QAP                          Subtotal        534,310         455,700              -            78,610                        -
                                                                                                                                                                             Total Construction Hard Costs
  Total Construction Hard Costs            47,291.85              per unit
  4,350,850.00                                 54.70              per sq ft
  CONSTRUCTION CONTINGENCY                                                                                           CONSTRUCTION CONTINGENCY                                CONSTRUCTION CONTINGENCY
  Construction Contingency                                           6.5116%            283,308         172,600                          110,708




            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                               PART FOUR - USES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker 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                                                                31,500          31,500
  Construction Loan Interest                                                          163,083         143,083                              15,000                    5,000
  Construction Legal Fees                                                              41,000          41,000
  Construction Period Inspection Fees                                                  10,000          10,000
  Construction Period Real Estate Tax                                                   1,000           1,000
  Construction Insurance                                                                7,500           7,500
  Bridge Loan Fee and Bridge Loan Interest
  Payment and Performance bonds                                                        36,900          36,900
  Other: Inpections for asbestos & abatement & radon                                   20,000          20,000
                                                                     Subtotal         310,983         290,983               -             15,000                     5,000
  PROFESSIONAL SERVICES                                                                                               PROFESSIONAL SERVICES                                  PROFESSIONAL SERVICES
  Architectural Fee - Design                                                          184,000         184,000
  Architectural Fee - Supervision                                                      46,000          46,000
  Green Building Consultant Fee                                                        10,000          10,000
  Green Building Program Certification Fee (LEED or Earthcraft)                        25,000          25,000
  Accessibility Inspections and Plan Review                                             4,400           4,400
  Construction Materials Testing
  Engineering                                                                          24,783          15,000                               9,783
  Real Estate Attorney                                                                 55,000          35,000                              20,000
  Accounting                                                                           21,575          21,575
  Other: Forecast Accounting Fee & Physical Needs Assessment                            5,300           2,500                             2,800
                                                                     Subtotal         376,058         343,475                -           32,583                        -
  LOCAL GOVERNMENT FEES                                                                                               LOCAL GOVERNMENT FEES                                  LOCAL GOVERNMENT FEES
  Building Permits                                                                     25,200          25,200
  Impact Fees                                                                           2,000           2,000
  Water Tap Fees                            waived?                                    26,000          26,000
  Sewer Tap Fees                            waived?                                    32,000          32,000
                                                                      Subtotal         85,200          85,200              -                -                          -
  PERMANENT FINANCING FEES                                                                                          PERMANENT FINANCING FEES                                 PERMANENT FINANCING FEES
  Permanent Loan Fees
  Permanent Loan Legal Fees
  Title and Recording Fees                                                             12,000          12,000
  As-Built Survey                                                                      14,700          14,700
  Bond Issuance Premium
  Cost of Issuance / Underwriter's Discount
  Other: <Enter detailed description here; use Comments section if needed>
                                                                      Subtotal         26,700          26,700                 -               -                        -




            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                  PART FOUR - USES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker 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                                        57,489          57,489                                                                     57,489
  LIHTC Compliance Monitoring Fee                                        73,600          73,600                                                                     73,600
  DCA Front End Analysis Fee (HOME, when ID of Interest)
  DCA Final Inspection Fee (Tax Credit only - no HOME)                                    3,000                                                                         3,000
  Other: <Enter detailed description here; use Comments section if needed>
  Other: <Enter detailed description here; use Comments section if needed>
                                                                        Subtotal        140,589                                                                    140,589
  EQUITY COSTS                                                                                                               EQUITY COSTS                                       EQUITY COSTS
  Partnership Organization Fees                                                           2,000                                                                         2,000
  Tax Credit Legal Opinion                                                                2,000                                                                         2,000
  Syndicator Legal Fees
  Other: Asset Management Fees - Prefunded from Equity                                   96,000                                                                     96,000
                                                                        Subtotal        100,000                                                                    100,000
  DEVELOPER'S FEE                                                                                                          DEVELOPER'S FEE                                      DEVELOPER'S FEE
  Developer's Overhead                                               20.000%            250,000            250,000
  Consultant's Fee                                                    0.000%
  Developer's Profit                                                 80.000%          1,000,000            960,000        15,000           25,000                         -
                                                                        Subtotal      1,250,000          1,210,000        15,000           25,000                         -
  START-UP AND RESERVES                                                                                                START-UP AND RESERVES                                    START-UP AND RESERVES
  Marketing                                                                              29,500                                                                     29,500
  Rent-Up Reserves                                                                       41,608                                                                     41,608
  Operating Deficit Reserve:                                                            127,096                                                                    127,096
  Replacement Reserve                                                                    27,935                                                                     27,935
  Furniture, Fixtures and Equipment                   Per Unit:         370              34,000             34,000
  Other: Replacement Reserves prefunded from existing equity                             40,035                                                                     40,035
                                                                        Subtotal        300,174             34,000            -                  -                 266,174
  OTHER COSTS                                                                                                                OTHER COSTS                                        OTHER COSTS
  Relocation                                                                            156,000             97,803                            58,197                   -
  Other: T & I Escrow                                                                    35,000                                                                     35,000
                                                                        Subtotal        191,000             97,803             -              58,197                35,000
  TOTAL DEVELOPMENT COST                                                             10,799,038          6,032,961       3,161,993           881,638               722,446
  Total Per Unit Cost Limitation:            13,074,036           TDC Per Unit:       117,380.85   TDC Per Sq Ft:           135.76




            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                            PART FOUR - USES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker 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                                                                                         6,032,961         3,161,993               881,638
   Less Total Subtractions From Basis (see above)                                                          0                                        0
   Total Eligible Basis                                                                                6,032,961         3,161,993               881,638
   Eligible Basis Adjustment (DDA/QCT Location or State Designated Boost)         Type: State Boost     120.00%                                  120.00%
   Adjusted Eligible Basis                                                                             7,239,553         3,161,993              1,057,966
   Multiply Adjusted Eligible Basis by Applicable Fraction                                              100.00%           100.00%                100.00%
   Qualified Basis                                                                                     7,239,553         3,161,993              1,057,966
   Multiply Qualified Basis by Applicable Credit Percentage                                              7.48%             3.12%                  7.48%
   Maximum Tax Credit Amount                                                                            541,519            98,654                 79,136
   Total Basis Method Tax Credit Calculation                                                                              719,309

III. TAX CREDIT CALCULATION - GAP METHOD                                                               Maximum TDC                                                  If Historic Designation or   TAX CREDIT CALCULATION - GAP METHOD
   Equity Gap Calculation                                                                               10,799,038   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)                              10,799,038
                                                                                                                     cover the cost exceeding the PUCL:
   Subtract Non-LIHTC (excluding deferred fee) Source of Funds                                           3,331,972                                                                    Y/N
   Equity Gap                                                                                            7,467,066                   Grant Amount                  Hist Desig
   Divide Equity Gap by 10                                                                                   / 10                         0                        Brownfld
   Annual Equity Required                                                                                 746,707               Federal                  State
   Enter Final Federal and State Equity Factors (not including GP contribution)                            1.0391       =       0.7791         +        0.2600
   Total Gap Method Tax Credit Calculation                                                                718,609

   TAX CREDIT PROJECT MAXIMUM - Lower of Basis Method, Gap Method and DCA Limit:                         718,609

   TAX CREDIT REQUEST - Cannot exceed Tax Credit Project Maximum, but may be lower:                      718,609     ALLOCATION CANNOT EXCEED MAXIMUM - REVISE REQUEST!

IV. TAX CREDIT ALLOCATION - Lower of Tax Credit Request and Tax Credit Project Maximum                   718,609




             fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                      PART FOUR - USES OF FUNDS - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                  CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
V. APPLICANT COMMENTS AND CLARIFICATIONS                                                                                              VI.   DCA COMMENTS - DCA USE ONLY
$500,000 or $9,615 per unit will be spent on rehab of the existing 52 units including demolition of the club house to make way for
parking, new roofs, outside storage, new walkways, upgrade of insulation and replace any mechanical that needs replacing. In
addition, 40 two story units all two bedrooms with a 1949 square foot community building will be built on the additional land that
goes with this project.

A boost of 120% is required or credits awarded at 9% and 4% for New Construction, Acquisition and Rehab under the
Supplemental Set-Aside. The Project needs $718,609 to finance the proposed Uses as shown and estimated. These may not
be exact per line item but will be utililized thoroughly to benefit the project through construction, rehab, and reserve funding as
needed to make the project viable throughout the remaining period of the HOME Loan.                                                                                                               NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start
                                                                                                                                                                                                  new paragraphs in the same box.
The Operating Proforma has been structured such that only principal payments will be made on the HOME loan throughout the
remainder of the affordability period. This will need to be amended in the HOME Loan documents as part of the Assumption
Agreements. As shown, with payments of principal only, the HOME Loan will be paid down approximately $1,100,000 within the
20 year period.




                fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County

                                                      DCA Utility Region for project:         North

I. UTILITY ALLOWANCE SCHEDULE #1                      Source of Utility Allowances            Prism approved by DCA -Project Provided
                                                      Date of Utility Allowances              June 17, 2011          Structure 1-Story
                                                          Paid By (check one)                  Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
  Utility              Fuel                                Tenant     Owner                       0           1           2          3          4
  Heat                 <<Select Fuel >>                      X                                                7           9
  Air Conditioning     Electric                              X                                                7           9
  Cooking              <<Select Fuel >>                      X                                                7           8
  Hot Water            Natural Gas                           X                                               15          17
  Lights               Electric                              X                                                9           9
  Water & Sewer        Submetered?      No                              X
  Refuse Collection                                                     X
  Total Utility Allowance by Unit Size                                                              0            45              52           0         0

II. UTILITY ALLOWANCE SCHEDULE #2                     Source of Utility Allowances            DCA
                                                      Date of Utility Allowances              June 1, 2011                     Structure MF
                                                          Paid By (check one)                  Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
  Utility              Fuel                                Tenant     Owner                       0           1           2          3          4
  Heat                 <<Select Fuel >>                      X                                                           13
  Air Conditioning     Electric                              X                                                           29
  Cooking              <<Select Fuel >>                      X                                                           11
  Hot Water            Electric                              X                                                           35
  Lights               Electric                              X                                                           33
  Water & Sewer        Submetered? <Select>                             X
  Refuse Collection                                                     X
  Total Utility Allowance by Unit Size                                                              0             0              121          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
  The Existing Buildings Utility Allowance was provided by the current owner and approved by DCA during site reviews and through the Compliance Dept.         NOTE: Row size may be increased or
                                                                                                                                                            decreased as needed. Press and hold Alt-
  DCA COMMENTS
                                                                                                                                                              Enter to start new paragraphs in the
                                                                                                                                                                            same box.




   fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 W oodlands Village II , LaFayette, W alker County                                                                                                                      PART SIX - PROJECTED REVENUES & EXPENSES - 2012-020 W oodlands Village II , LaFayette, W alker 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                                                      Chattanooga                                48,900                 Rehabs Only:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Efficiency                                           Efficiency                                           Efficiency
     Are 100% of units HUD PBRA?                                         No                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       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    13                  622          542        349                  45                          304                 3,952           No             1-Story          Rehabilitation        13,960      38.06%
                                                                                                                                                                                                                                                                                                                                                                                                                                                              13                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  8086
        50% AMI           1     1.0    21                  622          542        415                  45                          370                 7,770           No             1-Story          Rehabilitation        16,600      45.26%
                                                                                                                                                                                                                                                                                                                                                                                                                                                              21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 13062
        60% AMI           1     1.0     6                  622          628        445                  45                          400                 2,400           No             1-Story          Rehabilitation        17,800      48.53%                                                                                                                                                           6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    3732
                                                                                                                                    -                     -
       50% AMI             2        1.0        6            872          628            497              52                         445                 2,670            No             1-Story         Rehabilitation        19,880     45.17%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 5232
       50% AMI             2        1.0        3            872          628            497              52                         445                 1,335            No             1-Story         Rehabilitation        19,880     45.17%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 2616
       60% AMI             2        1.0        3            872          628            497              52                         445                 1,335            No             1-Story         Rehabilitation        19,880     45.17%
                                                                                                                                                                                                                                                                                                                                                                                                                     3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2616
      <<Select>>                                                                                                                    -                     -
       60% AMI             2        2.0        39          1,105         628            586             121                         465                18,135          No              3+ Story      New Construction         23,440     53.26%
                                                                                                                                                                                                                                                                                                                                                                                                                  39                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         43095                                                                                                                                                                                                                                                                                                                                         39
      Unrestricted         2        2.0         1          1,105         628                                                        -                     -          Common            3+ Story      New Construction
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1                                                                                                                                                                                                                                                                                                                                                   1105
      <<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          92         79,544                                                          MONTHLY TOTAL                37,597
                                                                                                                                                                                                                                                                                                                                                                                                       6        42                                        34        9                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   1                                                    3,732        45,711                                               21,148    7,848                                                                                                                                                                                                                 1,105                                                     39
                                                                                                                            ANNUAL TOTAL              451,164
*** 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.




                                                    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 W oodlands Village II , LaFayette, W alker County                                                              PART SIX - PROJECTED REVENUES & EXPENSES - 2012-020 W oodlands Village II , LaFayette, W alker County


                                                                                                                                                                                     ERROR     UNIT SUMMARY
II. UNIT SUMMARY                                                                                                                                                                                                                                                         UNIT SUMMARY
                                                                                                                                                                                     Between
   Units:                                                                Efficiency           1BR         2BR       3BR   4BR         Total                                                    DCA COMMENTS
                    Low-Income                                60% AMI             -                  6         42   -       -                48   (Includes manager units that are      48
                                                              50% AMI             -                 34          9   -       -                43   income restricted)                    43
NOTE TO                                                       T otal              -                 40         51   -       -                91                                         91
APPLICANTS: If      Unrestricted                                                  -             -          -        -       -            -
the numbers         Total Residential                                             -                 40         51   -       -                91                                         91
compiled in this    Common Space                                                  -             -               1   -       -                 1   (no rent to be charged)                1
Summary do not      Total                                                         -                 40         52   -       -                92                                         92
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             -             -              39   -       -                39                                         39
Rent Chart                                                    Unrestricted        -             -          -        -       -            -
above.                                                        T otal + CS         -             -              39   -       -                39                                         39
                                        Acq/Rehab             Low Inc             -             -          -        -       -            -
                                                              Unrestricted        -             -          -        -       -            -
                                                              T otal + CS         -             -          -        -       -            -
                                        Substantial Rehab     Low Inc             -                 40         12   -       -                52                                         52
                                        Only                  Unrestricted        -             -          -        -       -            -
                                                              T otal + CS         -                 40         12   -       -                52                                         52
                                        Adaptive Reuse                                                                                   -
                                        Historic Rehab                                                                                   -
                    Building Type:                                                                                                                                                             Building Type:
                                        Multifamily                               -                 40         52   -       -                92                                         92
                                                              1-Story             -                 40         12   -       -                52
                                                              2-Story             -             -          -        -       -            -
                                                              2-Story Wlkp        -             -          -        -       -            -
                                                              3+-Story            -             -              40   -       -                40
                                        SF Detached                               -             -          -        -       -            -
                                        Townhome                                  -             -          -        -       -            -
                                        Duplex                                    -             -          -        -       -            -
                                        Manufactured home                         -             -          -        -       -            -
   Unit Square Footage:                                                                                                                                                                        Unit Square Footage:                                                      Square Footage:
                  Low Income                                  60% AMI             -           3,732      45,711     -       -         49,443                                          49443
                                                              50% AMI             -          21,148       7,848     -       -         28,996                                          28996
                                                              T otal              -          24,880      53,559     -       -         78,439                                          78439
                    Unrestricted                                                  -             -           -       -       -            -
                    Total Residential                                             -          24,880      53,559     -       -         78,439                                          78439
                    Common Space                                                  -             -         1,105     -       -          1,105                                           1105
                    Total                                                         -          24,880      54,664     -       -         79,544                                          79544




                                             fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 W oodlands Village II , LaFayette, W alker County                                                                 PART SIX - PROJECTED REVENUES & EXPENSES - 2012-020 W oodlands Village II , LaFayette, W alker County


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

   Ancillary Income                                                          9,023                                     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:           Reserves adjusted for prepayments                             828        1,681    2,559    3,464           4,396          5,356          6,345               7,363        8,412
                    Total OI NOT in Mgt Fee                      -             828          1,681     2,559    3,464          4,396          5,356          6,345              7,363          8,412

                                                                                                                                                                                                      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:           Reserves adjusted for prepayments           9,492        10,605        11,751    12,932   14,147          15,400        16,690          18,019            19,387         20,797
                    Total OI NOT in Mgt Fee                    9,492        10,605         11,751    12,932   14,147         15,400         16,690         18,019            19,387          20,797

                                                                                                                                                                                                      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                      -              -             -        -        -                 -              -              -                 -            -




                                           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 W oodlands Village II , LaFayette, W alker County                                                            PART SIX - PROJECTED REVENUES & EXPENSES - 2012-020 W oodlands Village II , LaFayette, W alker County

IV. ANNUAL OPERATING EXPENSE BUDGET                                                                                                                                                                          ANNUAL OPERATING EXPENSE BUDGET

    On-Site Staff Costs                                                                                On-Site Security                                      Taxes and Insurance
                                                                          27,400
    Management Salaries & Benefits                                                                     Contracted Guard                                      Real Estate Taxes (Gross)*             71,500
    Maintenance Salaries & Benefits                                       22,000                       Electronic Alarm System                   2,400       Insurance**                            24,000
                                                                                                                                                 2,400
    Support Services Salaries & Benefits                                                                                 Subtotal                            Other (describe here)                   6,250
    Other (describe here)
                                                                                                                                                                Subtotal                           101,750
                                                                          49,400
                    Subtotal

    On-Site Office Costs                                                                               Professional Services                                                                        25,000
                                                                                                                                                             Management Fee:
    Office Supplies & Postage                                               2,400                      Legal                                      3,600         292.19   per unit per year
                                                                            2,400                                                                 3,600
    Telephone                                                                                          Accounting                                                 24.35       per unit per month
                                                                            1,000                                                                 3,600
    Travel                                                                                             Advertising
    Leased Furniture / Equipment                                                                       Other (describe here)                                 (Management Fee is from Pro Forma, Section
                                                                            2,000                                                                10,800      1, Operating Assumptions)
    Activities Supplies / Overhead Cost                                                                                  Subtotal
    Other (describe here)                                                   3,600
                                                                          11,400
                    Subtotal

    Maintenance Expenses                                                                               Utilities         ($/mth/unit)                        TOTAL OPERATING EXPENSES
    Contracted Repairs                                                    10,000                       Electricity          12.68                14,000           3,413       per unit             313,950
                                                                          10,000
    General Repairs                                                                                    Natural Gas
                                                                            7,200                                                                40,000
    Grounds Maintenance                                                                                Water&Swr            36.23
                                                                            6,000                                                                 9,600
    Extermination                                                                                      Trash Collection                                      Replacement Reserve                    27,600
                                                                            4,800
    Maintenance Supplies                                                                               Other (describe here)                                 Enter desired per unit amount:           300
    Elevator Maintenance                                                    8,000                                        Subtotal                63,600
                                                                            3,600
    Redecorating
    Other (describe here)
                                                                                                                                                             TOTAL ANNUAL EXPENSES
                                                                          49,600
                    Subtotal                                                                                                                                                                       341,550

V. APPLICANT COMMENTS AND CLARIFICATIONS                                                                                                VI.   DCA COMMENTS
Exact square footage of existing 52 units is lower than the new 40 units proposed. The 13 units shown at the $304 net rents
represent the current rents being paid by the tenants who are at a very, very low income. We are asking for the 45% very, very
low income targeting be changed to the 50% income targeting and rents. We will not evict the current tenants or force their
rents above their current available incomes based upon their very, very low income situation. We will be seeking rental assistance
for these tenants in order for their rents to be increased if possible to the allowable rents set at $370 for these one bedroom
units. Many of the Eldery or "Older Persons" tenant base in this project have been residents for many years and will continue to
age in place in this project as long as they can live independently. As the existing tenants that occupy the units at the very, very
low incomes move, we will then qualify the new move-in's at the 50% rent and income levels as shown for the other 1 bedroom                                                                                  NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
units in the existing 1 level buildings that are being acquired and rehabilitated.                                                                                                                           paragraphs in the same box.
The Estimated Property Taxes were Calculated Based upon the Millage Rate published at the Northwest Georgia Website for
Walker County and the City of Lafayette. The Millage rate was applied to the estimated value of the existing structures and the
Newly Constructed Units less some site improvements and landscaping. A calculation worksheet from the website has been
included in with the Application.                       The Property Insurance estimate was provided by Randy Jones Insurance
Agency based upon the actual operating costs of similar projects owned and operated by Olympia Construction, Inc. and insured
by Nationwide Insurance through Randy Jones Insurance Agency. An estimate from that Agency has been included in with the
Application package.




                                                    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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
                                                                                                                                               13                                                                                                                                                                       13                                                                                                                                                                                                                                                                         13
                                                                                                                                               21                                                                                                                                                                       21                                                                                                                                                                                                                                                                         21
                                                                                                                                                6                                                                                                                                                                        6                                                                                                                                                                                                                                                                          6

                                                                                                                                                            6                                                                                                                                                                       6                                                                                                                                                                                                                                                                        6
                                                                                                                                                            3                                                                                                                                                                       3                                                                                                                                                                                                                                                                        3
                                                                                                                                                            3                                                                                                                                                                       3                                                                                                                                                                                                                                                                        3

                                                                                                                                                                                                                                                                                                                                    39                                                                                                                                                                                                                                                                                                                                                                                                                               39
                                                                                                                                                                                                                                                                                                                                     1                                                                                                                                                                                                                                                                                                                                                                                                                                1




                                                                                                                                            40         12                                                                                                                                                                40         52                                                                                                                                                                                                                                                             40        12                                                                                                                                                      40




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012    Part VI-Revenues & Expenses                            43 of 83
Georgia Department of Community Af f airs              2012 Funding Application       Of f ice of Af f ordable Housing




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                        PART SEVEN - OPERATING PRO FORMA - 2012-020 Woodlands Village II , LaFayette, Walker 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                                  -       Yr 1 Asset Mgt Fee Percentage of EGI:
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:                           5.84%
Vacancy & Collection Loss    7.00%                                Expense Growth Rate (3.00%)                               Yes --> If Yes, indicate Yr 1 Mgt Fee Amt:                                25,000
Ancillary Income Limit       2.00%                                Percent of Effective Gross Income                             --> If Yes, indicate actual percentage:

II. OPERATING PRO FORMA                                                                                                                                                                                        II. OPERATING PRO FORMA
Year                                      1                2              3             4                5                   6                  7                   8                  9                  10   Years 1 - 10
Revenues                           451,164          460,187        469,391       478,779          488,354             498,122            508,084             518,246            528,611             539,183
Ancillary Income                     9,023            9,204          9,388         9,576            9,767               9,962             10,162              10,365             10,572              10,784
Vacancy                            (32,213)         (32,857)       (33,515)      (34,185)         (34,869)            (35,566)           (36,277)            (37,003)           (37,743)            (38,498)
Other Income (OI)                      -                -              -             -                -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee              -                828          1,681         2,559            3,464               4,396              5,356               6,345              7,363               8,412
Expenses less Mgt Fee             (288,950)        (297,619)      (306,547)     (315,743)        (325,216)           (334,972)          (345,021)           (355,372)          (366,033)           (377,014)
Property Mgmt                      (25,000)         (25,750)       (26,523)      (27,318)         (28,138)            (28,982)           (29,851)            (30,747)           (31,669)            (32,619)
Reserves                           (27,600)         (28,428)       (29,281)      (30,159)         (31,064)            (31,996)           (32,956)            (33,945)           (34,963)            (36,012)
NOI                                 86,424           85,565         84,594        83,508           82,299              80,964             79,496              77,889             76,138              74,236
Mortgage A                         (72,000)         (71,500)       (70,500)      (69,500)         (68,500)            (67,500)           (66,500)            (65,000)           (63,500)            (62,000)
Mortgage B                             -                -              -             -                -                   -                  -                   -                  -                   -
Mortgage C                             -                -              -             -                -                   -                  -                   -                  -                   -
D/S Other Source                       -                -              -             -                -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.                (7,212)          (7,033)        (7,047)       (7,004)          (6,900)             (6,732)            (6,498)             (6,445)            (6,319)             (6,118)
Asset Mgmt                             -                -              -             -                -                   -                  -                   -                  -                   -
DDF                                    -                -              -             -                -                   -                  -                   -                  -                   -
Cash Flow                            7,212            7,032          7,047         7,004            6,899               6,732              6,498               6,444              6,319               6,118
DCR Mortgage A                        1.20             1.20           1.20          1.20             1.20                1.20               1.20                1.20               1.20                1.20
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio               1.25            1.24            1.23          1.22             1.21               1.20                1.19               1.19                1.18               1.17
Mortgage A Balance               3,135,893       3,064,393       2,993,893     2,924,393        2,855,893          2,788,393           2,721,893          2,656,893           2,593,393          2,531,393
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Char Balance                -                  -            -             -                 -                   -                   -                  -                   -                  -
DDF Balance




    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                        PART SEVEN - OPERATING PRO FORMA - 2012-020 Woodlands Village II , LaFayette, Walker 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                                  -       Yr 1 Asset Mgt Fee Percentage of EGI:
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:                           5.84%
Vacancy & Collection Loss     7.00%                               Expense Growth Rate (3.00%)                               Yes --> If Yes, indicate Yr 1 Mgt Fee Amt:                                25,000
Ancillary Income Limit        2.00%                               Percent of Effective Gross Income                             --> If Yes, indicate actual percentage:

II. OPERATING PRO FORMA                                                                                                                                                                                        II. OPERATING PRO FORMA
Year                                     11               12             13            14               15                  16                 17                  18                 19                  20   Years 11 - 20
Revenues                           549,966          560,966        572,185       583,629          595,301             607,207            619,351             631,739            644,373             657,261
Ancillary Income                    10,999           11,219         11,444        11,673           11,906              12,144             12,387              12,635             12,887              13,145
Vacancy                            (39,268)         (40,053)       (40,854)      (41,671)         (42,505)            (43,355)           (44,222)            (45,106)           (46,008)            (46,928)
Other Income (OI)                      -                -              -             -                -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee            9,492           10,605         11,751        12,932           14,147              15,400             16,690              18,019             19,387              20,797
Expenses less Mgt Fee             (388,325)        (399,974)      (411,974)     (424,333)        (437,063)           (450,175)          (463,680)           (477,590)          (491,918)           (506,676)
Property Mgmt                      (33,598)         (34,606)       (35,644)      (36,713)         (37,815)            (38,949)           (40,118)            (41,321)           (42,561)            (43,838)
Reserves                           (37,092)         (38,205)       (39,351)      (40,532)         (41,747)            (43,000)           (44,290)            (45,619)           (46,987)            (48,397)
NOI                                 72,175           69,952         67,557        64,985           62,225              59,273             56,119              52,756             49,173              45,364
Mortgage A                         (60,000)         (58,500)       (56,500)      (54,000)         (52,000)            (49,500)           (46,750)            (44,000)           (41,000)            (37,750)
Mortgage B                             -                -              -             -                -                   -                  -                   -                  -                   -
Mortgage C                             -                -              -             -                -                   -                  -                   -                  -                   -
D/S Other Source                       -                -              -             -                -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.                (6,088)          (5,726)        (5,529)       (5,493)          (5,113)             (4,887)            (4,685)             (4,378)            (4,087)             (3,807)
Asset Mgmt                                              -              -             -                -                   -                  -                   -                  -                   -
DDF                                     -               -              -             -                -                   -                  -                   -                  -                   -
Cash Flow                             6,087           5,726          5,528         5,492            5,112               4,886              4,684               4,378              4,086               3,807
DCR Mortgage A                         1.20            1.20           1.20          1.20             1.20                1.20               1.20                1.20               1.20                1.20
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio               1.16            1.15            1.14          1.13             1.12               1.11                1.10               1.09                1.08               1.08
Mortgage A Balance               2,471,393       2,412,893       2,356,393     2,302,393        2,250,393          2,200,893           2,154,143          2,110,143           2,069,143          2,031,393
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Charity Balance             -                  -            -             -                 -                   -                   -                  -                   -                  -
DDF Balance




    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                        PART SEVEN - OPERATING PRO FORMA - 2012-020 Woodlands Village II , LaFayette, Walker 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                                  -       Yr 1 Asset Mgt Fee Percentage of EGI:
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:                           5.84%
Vacancy & Collection Loss     7.00%                               Expense Growth Rate (3.00%)                               Yes --> If Yes, indicate Yr 1 Mgt Fee Amt:                                25,000
Ancillary Income Limit        2.00%                               Percent of Effective Gross Income                             --> If Yes, indicate actual percentage:

II. OPERATING PRO FORMA                                                                                                                                                                                        II. OPERATING PRO FORMA
Year                                     21               22             23            24               25                  26                 27                  28                 29                  30   Years 21 - 30
Revenues                           670,406          683,814        697,490       711,440          725,669             740,182            754,986             770,086            785,487             801,197
Ancillary Income                    13,408           13,676         13,950        14,229           14,513              14,804             15,100              15,402             15,710              16,024
Vacancy                            (47,867)         (48,824)       (49,801)      (50,797)         (51,813)            (52,849)           (53,906)            (54,984)           (56,084)            (57,205)
Other Income (OI)                      -                -              -             -                -                   -                  -                   -                  -                   -
OI Not Subject to Mgt Fee              -                -              -             -                -                   -                  -                   -                  -                   -
Expenses less Mgt Fee             (521,876)        (537,532)      (553,658)     (570,268)        (587,376)           (604,997)          (623,147)           (641,841)          (661,097)           (680,930)
Property Mgmt                      (45,153)         (46,507)       (47,903)      (49,340)         (50,820)            (52,344)           (53,915)            (55,532)           (57,198)            (58,914)
Reserves                           (49,849)         (51,344)       (52,884)      (54,471)         (56,105)            (57,788)           (59,522)            (61,308)           (63,147)            (65,041)
NOI                                 19,070           13,283          7,194           793           (5,931)            (12,992)           (20,404)            (28,178)           (36,328)            (44,869)
Mortgage A                             -                -              -             -                -                   -                  -                   -                  -                   -
Mortgage B                             -                -              -             -                -                   -                  -                   -                  -                   -
Mortgage C                             -                -              -             -                -                   -                  -                   -                  -                   -
D/S Other Source                       -                -              -             -                -                   -                  -                   -                  -                   -
DCA HOME Cash Resrv.
Asset Mgmt                             -                -              -             -                 -                  -                   -                  -                   -                  -
DDF                                    -                -              -             -                 -                  -                   -                  -                   -                  -
Cash Flow                           19,070           13,283          7,194           793            (5,931)           (12,992)            (20,404)           (28,178)            (36,328)           (44,869)
DCR Mortgage A
DCR Mortgage B
DCR Mortgage C
DCR Other Source
Oper Exp Coverage Ratio               1.03            1.02            1.01          1.00             0.99               0.98                0.97               0.96                0.95               0.94
Mortgage A Balance               2,031,393       2,031,393       2,031,393     2,031,393        2,031,393          2,031,393           2,031,393          2,031,393           2,031,393          2,031,393
Mortgage B Balance
Mortgage C Balance
Other Source Balance
Grnt fr Fdn/Charity Balance             -                  -            -             -                 -                   -                   -                  -                   -                  -
DDF Balance




    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County                                                                                  PART SEVEN - OPERATING PRO FORMA - 2012-020 Woodlands Village II , LaFayette, Walker 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                                -       Yr 1 Asset Mgt Fee Percentage of EGI:
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:                           5.84%
Vacancy & Collection Loss    7.00%                            Expense Growth Rate (3.00%)                             Yes --> If Yes, indicate Yr 1 Mgt Fee Amt:                                25,000
Ancillary Income Limit       2.00%                            Percent of Effective Gross Income                           --> If Yes, indicate actual percentage:

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




                                                                                                                                                                                                         NOTE: Row size may be increased or decreased as needed. Press and hold Alt-Enter to start new
                                                                                                                                                                                                         paragraphs in the same box.




    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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.)




         fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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:                                                                            HFOP                                                                      Yes
    Applicant's comments regarding this section of Threshold:                                                  DCA's Comments:


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:

    DCA's Comments:




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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.   Woods Research, Inc.
    B.  Project absorption period to reach stabilized occupancy                                                                         B.   8-10 units/month
    C.  Stabilization period                                                                                                            C.   4-5 months
    D.  Overall capture rate for credit units                                                                                           D.   18.93 /13.22, 50% and 60% AMI
    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.   No
        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                                                                        3                                                                    5
          2                                                                        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:



    DCA's Comments:



5   APPRAISALS                                                                                                                                                                 Pass?

    A. Is there is an identity of interest between the buyer and seller of the project?                                                                                           A.   No
    B. Is an appraisal included in this application submission?                                                                                                                   B.   No
           If an appraisal is included, indicate Appraiser's Name and answer the following questions:         Appraiser's Name:
        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)
           and tax credit value?
         2) Does the “as is” value delineate the value of the land and building?                                                                                                  2)
         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.
    D. Has the property been:
        1) Rezoned?                                                                                                                                                               1)   No
        2) Subdivided?                                                                                                                                                            2)   No
        3) Modified?                                                                                                                                                              3)   No
    Applicant's comments regarding this section of Threshold:

    DCA's Comments:




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                                                                                  Part VIII-Threshold Criteria                                                 52 of 83
          Georgia Department of Community Affairs                                                                                   2012 Funding Application                                                                    Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-020 Woodlands Village II , LaFayette, Walker 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. Geotechnical Environmental Consultants, Inc.
     B. Is a Phase II Environmental Report included?                                                                                                                      B.       No
     C. Was a Noise Assessment performed?                                                                                                                                 C.      Yes
         1) If "Yes", name of company that prepared the noise assessment?                                                           1) Geotechnical Environmental Consultants, Inc.
         2) If "Yes", provide the maximum noise level on site in decibels:                                                                                                2)     56.06
         3) If "Yes", what are the contributing factors in decreasing order of magnitude?
            Railroad, Street Traffic
     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?                          Yes                                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.):
     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)       No
         2) Has Applicant/PE completed the HOME and HUD Environmental Questionnaire?                                                                                      2)       No
         3) Owner agrees that they must refrain from undertaking any activities that could have an adverse effect on the subject property?                                3)       No
     G. If HUD approval has been previously granted, has the HUD Form 4128 been included?                                                                                 G.      N/A
    Applicant's comments regarding this section of Threshold:
Minimal amounts of asbestos recorded in the existing community bldg. GEC will prepare an O & M schedule/plan prior to any remodel/conversion of the building.                                      Row size may be increased.
    DCA's Comments:
                                                                                                                                                                                                   Row size may be increased.




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                                                                         Part VIII-Threshold Criteria                                                                                   53 of 83
          Georgia Department of Community Affairs                                                                                      2012 Funding Application                                   Office of Affordable Housing
                                   PART EIGHT - THRESHOLD CRITERIA - 2012-020 Woodlands Village II , LaFayette, Walker 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. Woodlands Village II, LP
    Applicant's comments regarding this section of Threshold:

    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.
       are the plans for paving private drive, including associated development costs, adequately addressed in Application?
    Applicant's comments regarding this section of Threshold:

    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:

    DCA's Comments:




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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           City of LaFayette                                                             1)   Yes
                                                                             2) Electric      City of LaFayette                                                             2)   Yes
  Applicant's comments regarding this section of Threshold:

  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)
      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 LaFayette                                                                B1)   Yes
     name:                                                                2) Public sewer City of LaFayette                                                                 2)   Yes
  Applicant's comments regarding this section of Threshold:

  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.
  C. Resolutions of support from local government officials?                                                                                                                C.
  D. Letters of support from local government officials?                                                                                                                    D.   Yes
  Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                 Row size may be increased.
  DCA's Comments:




        fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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?
     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) Gazebo                                                   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) Pavillion with picnic barbeque area                                                                     3)
        2) Arts and Crafts/Activity Room                                                                           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)      Yes
    D. Applicant agrees to provide the following additional required Amenities for Senior projects and Special Needs projects:                                                D.     Agree
        1) Elevators are installed for access to all units above the ground floor.                                                                                            1)      Yes
        2) Buildings more than two story construction have interior furnished gathering areas in several locations in the lobbies and/or corridors                            2)      Yes
        3) a. 100% of the units are accessible and adaptable, as defined by the Fair Housing Amendments Act of1988                                                           3a)      Yes
           b. If No, was a DCA Architectural Standards waiver granted?                                                                                                       3b)
   Applicant's comments regarding this section of Threshold:
Some items will not apply to rehab secction but all apply to New Construction. Appliances will not be replaced in existing units per the PNA.                                                              Row size may be increased.
   DCA's Comments:


14 REHABILITATION STANDARDS (REHABILITATION PROJECTS ONLY)                                                                                                                 Pass?

     A.Type of rehab (choose one):                                                                                               A. Wholesale                                      <<Select>>
     B.Date of PNA:                                                                                                              B. Newbanks
     C.Name of consultant preparing PNA:                                                                                         C. Steve Hamby
     D.Is 20-year replacement reserve study included?                                                                                                                         D.      Yes
     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.
                                                                                                                                                                                     Agree
       forth in the QAP and Manuals, and health and safety codes and requirements. Applicant agrees?
    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                           Row size may be increased.
    DCA's Comments:




           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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:
                                                                                                                                                                                                     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:
                                                                                                                                                                                                     Row size may be increased.
  DCA's Comments:




        fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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)

         2) Major Bldg Component Materials &          Upgraded roofing shingles, or roofing materials (warranty 30 years or greater)                                        2)
            Upgrades (select one)
     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)
        2)                                                                                                                                                                  2)
    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?                                     Yes
    Has there been any change in the Project Team since the initial pre-application submission?                                                                                  Yes
    DCA's pre-application Qualification of Project's Participants Determination indicated a status of (select one):         Qualified without Conditions
    DCA Final Determination
    Applicant's comments regarding this section of Threshold:
                                                                                                                                                                                                 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:
All included in pre-app and not required for resubmittal.
      DCA's Comments:




           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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:

  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:

  DCA's Comments:




        fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker 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:

  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:
                                                                                                                                                                                                        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.   Yes
  B. Credit Eligibility for Assisted Living                                                                                                                                     B.   No
  C. Non-profit Federal Tax Exempt Status                                                                                                                                       C.   No
  D. Scattered Site Developments                                                                                                                                                D.   No
  E. Other (If Yes, then also describe):                    E.                                                                                                                       No
  Applicant's comments regarding this section of Threshold:

  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:




        fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx - Feb 2012                                                                                 Part VIII-Threshold Criteria                                                                                  60 of 83
           Georgia Department of Community Affairs                                                                                           2012 Funding Application                                                                       Office of Affordable Housing
                                     PART EIGHT - THRESHOLD CRITERIA - 2012-020 Woodlands Village II , LaFayette, Walker 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.    No
     B. 1) Are any of the sources other than DCA HOME considered to be Federal Funding?                                                                                           B1)    No
        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)   No
     C. Is sufficient comparable replacement housing identified in the relocation plan according to DCA relocation requirements?                                                   C.   Yes
     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                            Yes                                  3) Written Notifications                                    Yes
        2) Meetings                                         Yes                                  4) Other - describe in box provided:
     Applicant's comments regarding this section of Threshold:
Although project plans are to avoid relocation, a relocation plan is included and meetings with tenants, completion of forms and surveys, and all required relocation documentation is ongoing currently and
     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.
        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.
     C. If selected, does the Applicant agree to prepare and submit a Marketing plan which establishes and maintains relationships between the management                          C.
        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.
        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.
        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.
        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:
Optimizes the use of existing unused property and rehab of a current fully occupied facility. All utilities are in use and available for additional new construction.                                          Row size may be increased.
    DCA's Comments:




         (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                                                            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

           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
Preliminary Rating: Incomplete                                                                                                                                              Applicant             DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
    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
    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

      fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
Preliminary Rating: Incomplete                                                                                                                                           Applicant               DCA USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
                                                                                                         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




      fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                           Score         Self DCA
                                                                                                                                                                                           Value        Score Score
                                                                                                                                                                            TOTALS:        102           10    10
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:
Non Competitive Application Scoring N/A                                                                                                                                                                                 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




           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                                   Score           Self DCA
                                                                                                                                                                                                   Value          Score Score
                                                                                                                                                                            TOTALS:                102             10        10
2. DEEPER TARGETING / RENT AND INCOME RESTRICTIONS                                                                                                                                                  4               0         0          X
A. Deeper Targeting through Rent Restrictions                    Nbr units to have these restrictions:                              Percent of Residential Units:                0.00%              3               Min      15.00%
B. Deeper Targeting through new PBRA Contracts                   Nbr units to have PBRA for 10+ yrs:                                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              0         0          X
A. Desirable Activities                 (1 pt each)                                                                                                                                                 12       A.
B. Undesirable Sites                    (1 pt subtracted each)                                                                                                                                     various   B.

   Applicant's comments regarding this section of scoring:

                                                                                                                                                                                                                                      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              0         0          X
A. Site is adjacent to (within 300 ft) of an established public transportation stop                                                                                                                  3       A.
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                                                                                                    1       C.
   Applicant's comments regarding this section of scoring:



   DCA's Comments:




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                                         Score          Self DCA
                                                                                                                                                                                                         Value         Score Score
                                                                                                                                                                                       TOTALS:           102            10     10
5. ADAPTIVE REUSE                                  (w/PNA & supporting documentation - see scoring criteria)                   See scoring criteria for further requirements and information              1                               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:
                                                                                                                                                                                                                                       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                              X
  Environmental regulatory agency which has designated site as a Brownfield and determined cleanup guidelines:
  Applicant's comments regarding this section of scoring:

   DCA's Comments:



7. SUSTAINABLE DEVELOPMENTS                                                      Choose only one. See scoring criteria for further requirements.      <Select a Sustainable Development Certification>     3             0                X
A. Sustainable Communities Certification                                                                                                                                                                   3           Yes/No Yes/No
   Project seeks to obtain a sustainable community certification from the program chosen above:                                                                                                                   A.
    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)
        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)

    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-
       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)
B. Sustainable Building Certification                                                                                                                                                                      2           Yes/No Yes/No
   Project commits to obtaining a sustainable building certification from the program chosen above:                                                                                                               B.
   Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                                       Row size may be increased.
   DCA's Comments:
                                                                                                                                                                                                                                       Row size may be increased.




          fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                               Score          Self DCA
                                                                                                                                                                                               Value         Score Score
                                                                                                                                                                                     TOTALS:   102            10         10
8. STABLE COMMUNITIES / REDEVELOPMENT / REVITALIZATION             <Select a Stable Communities/Redevelopment/Revitalization option>                                                            6              0              X
                                   Additional required questions depending on option selected above:
 A. Stable Communities
    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)
    b)    Designated Middle or Upper Income level                     (see Demographics)                                                                                                               b)
     c)   Market study demonstrates need for affordable housing                                                                                                                                        c)
    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)
    b)    Designated Middle or Upper Income level                     (see Demographics)                                                                                                               b)
     c)   Market study demonstrates need for affordable housing                                                                                                                                        c)
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)
    b)    Be part of a mixed income phased community with a significant market component?                                                                                                              b)
     c)   Facilitate the deconcentration of poverty?                                                                                                                                                   c)
    d)    Provide for community improvements or amenities?                                                                                                                                             d)
    2. Statutory Redevelopment Plans                             Plan clearly targets project's specific neighborhood, is proven to be current, ongoing and directly affecting project site?     2     2.
    3. Redevelopment Zones                                        Type:                    <<Select>>            Identifier / Nbr:                                                               1     3.
    4.  Local Redevelopment Plan - includes items below?           Name of Plan:                                                                                                                 1     4.
    a)  Adopted on or before January 1, 2012?                      Date adopted:                                                                                                                       a)
    b)  A discussion of potential sources of funding for the plan;                                                                                                                                     b)
     c) A clearly delineated target area that includes the proposed project site                                                                                                                       c)
    d)  Detailed policy goals (one of which must be the rehabilitation or production of affordable rental housing)                                                                                     d)
    e)  Implementation measures along with specific time frames for the achievement of such policies and housing activities.                                                                           e)
     f) The proposed development project must support at least one of the goals of the redevelopment or revitalization plan;                                                                            f)
    g)  An assessment of the existing physical structures and infrastructure of the community                                                                                                          g)
        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:



   DCA's Comments:




            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                   Score             Self DCA
                                                                                                                                                                                   Value            Score Score
                                                                                                                                                               TOTALS:               102             10         10
9. PHASED DEVELOPMENTS / PREVIOUS PROJECTS                                                                                  (choose only one)                                         3               0          0         X
     A. Phased Developments                                                                                                                                                           3       A.
      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.
         least one phase has commenced construction per that allocation?
       If Yes, indicate DCA Project Nbr and Project Name of that phase:                          Number:                 Name
    2. Was the community originally designed as one development with different phases?                                                                                             2.
    3. Are any other phases for this project also submitted during the current funding round?                                                                                      3.
    4. Was site control over the entire site (including all phases) in place when the initial phase was closed?                                                                    4.
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 <Select> 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                                   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:




           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                          Score         Self DCA
                                                                                                                                                                                          Value        Score Score
                                                                                                                                                                          TOTALS:         102           10     10
11. WAIVER OF QUALIFIED CONTRACT RIGHT / TENANT OWNERSHIP PLAN                                                            (choose only one)                                                1             0      0         X
A. Waiver of Qualified Contract Right                  Applicant agrees to forego cancellation option for at least 5 yrs after close of Compliance period?                                 1      A.
B. Tenant Ownership                               Applicants commit to a plan for tenant ownership at end of compliance period (only applies to single family units).                      1      B.
   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:

     DCA's Comments:


13. RURAL                                  (80 total units or less, must be 100% new construction)                                    39                                                    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                             X
     Letter from a designated                              <<Select a DCA Community Initiative>>            that clearly:                                                                              Yes/No Yes/No
A.   identifies the project as located w/in political jurisdiction:                < Select applicable GICH >                              <Select Community of Opportunity>                      A.
B.   is indicative of the community’s affordable housing goals                                                                                                                                    B.
C.   identifies that the project meets one of the objectives of the Community                                                                                                                     C.
D.   is executed by the official representative of the Community                                                                                                                                  D.
     Applicant's comments regarding this section of scoring:
                                                                                                                                                                                                                       Row size may be increased.
     DCA's Comments:
                                                                                                                                                                                                                       Row size may be increased.




            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                       Score             Self DCA
                                                                                                                                                                       Value            Score Score
                                                                                                                                                          TOTALS:      102               10     10
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.
   2. Resources will be utilized if the project is selected for funding by DCA                                                                                                    2.
   3. Loans are for both construction and permanent financing phases                                                                                                              3.
   4. Loans are for a minimum period of ten years and reflect interest rates at or below AFR.                                                                                     4.
   5. Commitment or award documentation meets the terms and conditions as applicable specified in Appendix I, Threshold Criteria, Section I (I).                                  5.

A. Grants/Loans                                                                                                                                                          4        A.     0       0
   1. Qualifying Sources                                                                                       Amount                                        Amount               1.
                  a) Community Development Block Grant (CDBG) program funds                                                                                                       a)
                  b) Federal Home Loan Bank Affordable Housing Program (AHP)                                                                                                      b)
                  c) HOME Funds                                                                                                                                                   c)
                  d) NSP                                                                                                                                                          d)
                  e) Beltline Grant                                                                                                                                               e)
                   f) Housing Opportunity Bonds                                                                                                                                    f)
                  g) HUD 202 or 811 program funds                                                                                                                                 g)
                  h) Other funding sources approved at DCA’s sole discretion                                                                                                      h)
                      Total Qualifying Sources (TQS):                                                             0                                                0

   2. Point Scale      Total Development Costs (TDC):                                                        10,799,038
                       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.

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:



  DCA's Comments:




         fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                         Score         Self DCA
                                                                                                                                                                                         Value        Score Score
                                                                                                                                                                  TOTALS:                102           10    10
16. SUPERIOR PROJECT CONCEPT AND DESIGN                                                                                                                                                    6                           X
 A. Superior Project Concept                                                           Is the applicant claiming these points?                                                                   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
    the application binder where indicated by the Tabs Checklist?
B. Local Government Strategy for Neighborhood Rebuilding                            Is the applicant claiming these points?                                                                      B.
    Does the project concept clearly show:
     1. Community strategy includes local government requirements for greenspace?                                                                                                                1.
     2. Local Government engagement and contribution towards redevelopment of the high priority area?                                                                                            2.
     3. Incorporation of planning objectives set out in Transit Oriented Developments, Sustainable Communities or Livable Centers Initiative?                                                    3.
     4. Designation as a high priority by the local government?                                                                                                                                  4.
    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            0    0         X
 A. Integrated Supportive Housing                                                                                                                                                          3     A.
    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
    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
        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.
    Applicant's comments regarding this section of scoring:

    DCA's Comments:


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




           fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                                                           Score         Self DCA
                                                                                                                                                                                           Value        Score Score
                                                                                                                                                                    TOTALS:                102           10    10
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.                      40.2892%                                             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:

    DCA's Comments:


*** Check point score value for this criteria                                           TOTAL POSSIBLE SCORE                                                                               102           10   10
                                                                                        TOTAL SCORE WITHOUT PRESERVATION POINTS                                                                          10    10




           (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

             fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                                           Score     Self DCA
                                                                                                                                                           Value    Score Score
                                                                                                                                             TOTALS:        102      10    10
                                                                                                                 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


 fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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 - 2012-020 Woodlands Village II , LaFayette, Walker County
                                                                                                                                Score    Self DCA
                                                                                                                                Value   Score Score
                                                                                                                      TOTALS:   102      10    10
                                               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




fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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
                                                     Woodlands Village II
                                                   LaFayette, Walker 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                                            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx                                           75 of 83
Georgia Department of Community Affairs                                                                     Office of Affordable Housing

               Scoring Section 16A - Superior Project Concept and Design Narrative
                                            Woodlands Village II
                                          LaFayette, Walker County




2012 Super Proj Concept Narr                                    fcd54a13-27e5-4ef3-ba04-defc294d3bd8.xlsx                      76 of 83
     Georgia Department of Community Affairs                                                                                                 Office of Affordable Housing

                          Scoring Section 19B - Significant Community Value Narrative
                                                     Woodlands Village II
                                                   LaFayette, Walker 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                                            fcd54a13-27e5-4ef3-ba04-defc294d3bd8.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         13,074,036 Maximum is project-specific
                                                        Brownfield Projects                                             132,577      151,976      184,804       239,075              239,075           n/a         15,688,848 Maximum is project-specific
                                                        Historic Rehab Projects                                         121,529      139,312      169,403       219,152              219,152           n/a         14,381,436 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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