Development Fee Waiver App p.1

							                    APPLICATION FOR QUALIFICATION
             Development Fee Waiver Program [Non Profit Only]
APPLICANT INFORMATION                                                                  Date:
Name Of Organization:
Name of Applicant
What type of Organization? (Inc, LLC, LLP, sole proprietor, etc.)
Who will sign the Regulatory Agreement?
     only projects not receiving PDC funding will sign regulatory agreements
What is their position within the organization? (owner, president, member, partner, incorporator)
Address:                                                            City                Zip
               Phone:                               Fax:
PROJECT INFORMATION
Is there PDC funding in the Project? How much?
Project Address:
Property Tax Record Number:                                     Permit #
Project lot and block #
Brief Project Description: # of Units- New _____ Rehab _____ Total _____                             Mixed use?:

          OWNER OCCUPIED UNITS                                              RENTAL HOUSING UNITS
Affordable to Households Up to 100% of Median                     Affordable to Households @ 60% MFI or Below
        (see attached for incomes by family size)                      (see attached for allowable rents by family size)
Sales Price of Affordable Unit(s)                          Net Rents (Tenant Paid)                   $
REQUIRED EXHIBITS FOR APPLICATION (ATTACHED)
    501 (C) (3) Certificate of Incorporation (if applicable)       Certificate on File?
    Evidence Of Property Ownership Or Site Control (Partition Map and Warranty Deed)
             *not necessary if the project is already receiving PDC funding, and site control is a criteria
EXPIRATION DATE
            1 - 4 Units = 4 Months
            5 + Units = 9 Months
    (For Development Fee Waivers- Applicant must begin to incur fees prior to the waiver expiration date)
CERTIFICATION
Applicant certifies the following:
  •   For rental projects, 1) unit(s) rents will be restricted to 0-60% Median Family Income or less 2) for a period of not
      less than 60 years by a public agency (PDC, State or other) and 3) tenants will meet income guidelines.
  •   Units must be rented or leased at rent levels that do not exceed the maximum allowable rents for the
      targeted income during the required Term of Affordability. Please see attached for current rent schedules.
  •   Applicant will provide PDC certification of rents and occupancy requirement within 60 days of occupancy.
  •   For homeownership projects, 1) sales price of affordable units not to exceed $145,425, 2) Buyers must be First
      Time Homebuyers, and 3) have household incomes not exceeding 100% of Median Family Income.
      First Time Homebuyers and have household incomes not exceeding 100% of Median Family Income.
  •   The Applicant has the burden of proving to the Administrator's satisfaction that rents and housing prices,
      in fact, qualify for this exemption. In the event a qualifying Low Income Housing development fails to
      maintain qualifying rent or price levels, the amount the Owner must repay will be based on the cost of
      the SDC on the date the Owner receives a notice of default of this Agreement by PDC, and not
      the cost of the SDC's on the date the waiver was granted.

Name                         Signature                                           Date
    *Applications without complete information will require longer processing time
Lender certifies the following: Organization:
                                                 Contact Person:                                     Phone:

  •   For rental projects, (PDC, State or other) anticipates that unit(s) will be restricted to
      0-60% MFI or less for a period of not less than 60 years, and
  •   The subject waiver was considered in the underwriting for other public funding

Name                                Signature                                                 Date
                                                                                                                           7/21/2010
                 DEVELOPMENT FEE WAIVER UNIT CAPS (AFFORDABLE UNITS ONLY)
                          "NEW CONSTRUCTION & REHABILITATION"
                                  ***NON PROFIT ONLY***

MULTI FAMILY NEW CONSTRUCTION
         Fee Rate: $5,000 for first 2 units                  units @ 5,000                   $5,000
                  $500 for each additional unit              units @ $500                $

MULTI FAMILY REHABILITATION
         Fee Rate: $5,000 for first 2 units                  units @ 5,000                   $5,000
                  $350 for each additional unit              units @ $350                $

SINGLE FAMILY NEW CONSTRUCTION
         Fee Rate: Single Family $1,700                      units @ $1,700              $

SINGLE FAMILY REHABILITATION
         Fee Rate: Single Family $1,500                      units @ $1,500              $

                                                             Total Units                 $


ORGANIZATION CAP: $50,000/per year                BALANCE REMAINING AFTER THIS PROJECT   $