2009-039 Heritage McDonough - georgia.gov

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					       Georgia Department of Community Affairs                                                                                                                Office of Affordable Housing
                                             2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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


      CORE QAP DOCUMENTATION
                                                          Completed Application Tabs Checklist                                                                                                          Yes
1 Project Overview                                        Completed Core Application (Parts I through X)                                                                                                Yes
                                                          Documents from USDA indicating project is located in rural area (if applicable)                                                               N/a
                                                          Project Narrative / Project Concept                                                                                                           Yes
                                                          Copy of Tax Exempt Bond Inducement Resolution, if applicable                                                                                  N/a
                                                          Master Planned Community Documentation                                                                                                        N/a

2 Set asides                                              The partnership’s tax returns for the first and final years of credit period                                                                  N/a
         Preservation Set Aside                           IRS Forms 8609 for first and final years of credit period                                                                                     N/a
                                                          Legal opinion that project will have met the Compliance Period by March 31, 2010                                                              N/a
                                                          Replacement housing factor (RHF) funds documents                                                                                              N/a
                                                          Section 515 financing documents                                                                                                               N/a
                                                          Project Based Section 8 contract (Original and Renewal)                                                                                       N/a
                                                          HUD Section 236 decoupling documents                                                                                                          N/a
                                                          HUD/USDA Letter of Priority                                                                                                                   N/a
         CHDO Set Aside                                   DCA CHDO Designation letter                                                                                                                   N/a
                                                          Documentation that project is within CHDO service area                                                                                        N/a
         Non Profit Set Aside                             IRS Tax-Exempt Status Determination Letter                                                                                                    N/a
                                                          Secretary of State Certification of Nonprofit Status                                                                                          N/a
                                                          By-laws of non profit                                                                                                                         N/a
                                                          Legal Opinion regarding nonprofit tax-exempt status                                                                                           N/a
                                                          Documentation of ALL Nonprofit's ownership interest                                                                                           N/a
                                                          Board of Directors information: name, address, phone, occupation, positions                                                                   N/a

3 Project Participants                                    Copies of Performance Workbook for all project participants                                                                                     Yes
                                                          Copies of DCA experience determinations/Waivers                                                                                                 Yes
                                                          Copy of Compliance score certificate                                                                                                            Yes
                                                          DCA Tier One Designation approvals                                                                                                              Yes
                                                          Probationary participation approval                                                                                                             N/a
                                                          Explanation documentation, if applicable                                                                                                        N/a
                                                          Detailed statements and dates of all governmental debarments/ suspensions, criminal convictions, indictments, bankruptcies and pending criminal N/a
                                                          investigations of all Owners and Developers.
                                                          General Partner Organization Documents Including Operating Agreement                                                                            Yes
                                                          Developer Organization Documents                                                                                                                Yes
                                                          Partnership or Consulting Agreement Between Inexperienced and Experienced Entities, if applies (must have training plan)                        N/a



       2009 OAH Funding Application - April                                          Application Tabs Checklist                                                                           1 of 1061
       Georgia Department of Community Affairs                                                                                                                  Office of Affordable Housing
                                            2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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
4 Waivers/Preapprovals (Non financial)                   Architectural Standards Waiver                                                                                                         N/a
                                                         Amenities Pre-Approval                                                                                                                 N/a
                                                         Other Tenancy Approvals                                                                                                                N/a
                                                         Tenancy Characteristic Waiver Approval                                                                                                 N/a
                                                         3rd Party Investment in Offsite Amenities Approval                                                                                     N/a
      THRESHOLD DOCUMENTATION
5 Financing Commitments                                  Preliminary Financing Commitments - Debt, Equity, Historic Rehab Credits & Grants (if applicable)                                      Yes
                                                         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 documentation, if applicable                                                                              N/a
                                                         Documentation of Applicable Index Rate (for interest rates tied to an index), if applicable                                            Yes
                                                         DCA HOME Loan consent pursuant to the pre-application process, if applicable                                                           N/a
                                                         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 (submit by 7/1/09), if applicable                                                                             N/a
                                                         USDA documentation, if applicable                                                                                                      N/a
                                                         Tax Abatement documentation, if applicable                                                                                             N/a
                                                         Evidence of PBRA Agreements, if applicable                                                                                             N/a

6 Assumption of Existing Debt (if applicable)            Letter from Lender re: assumption of existing debt                                                                                     N/a
                                                         Certification Letter                                                                                                                   N/a
                                                         Copy of Original Promissory Note and Amendments                                                                                        N/a
                                                         Copy of Original Loan Agreement and Amendments                                                                                         N/a
                                                         Copy of Original Security Instruments                                                                                                  N/a

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, insurance and taxes                                                                      Yes
                                                         20% Developer fee Approval for Green Building                                                                                          No
                                                         DCA Operating expense waiver approval                                                                                                  N/a
                                                         DCA Per unit cost limit waiver approval                                                                                                N/a
                                                         DCA 30% boost approval/copy of preapplication narrative                                                                                No

9 Market Feasibility                                     Market Study for proposed site                                                                                                         Yes

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




       2009 OAH Funding Application - April                                          Application Tabs Checklist                                                                    2 of 1061
       Georgia Department of Community Affairs                                                                                                                       Office of Affordable Housing
                                            2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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
11 Environmental Requirements                            DCA Noise Waiver Approval (if applicable)                                                                                                              N/a
                                                         Phase I Environmental Study (including all appendices in the format prescribed in the Environmental Manual)                                            Yes
                                                         Phase II Environmental Study (if applicable)                                                                                                           N/a

12 Site Control                                          Executed Warranty Deed, Sales Option Contract or long-term ground lease                                                                                Yes
                                                         HOME Contract Addendum (If applicable)/or right to withdraw                                                                                            N/a
                                                         Legal Description of Property                                                                                                                          Yes

13 Site Access                                           Appropriate drawings, survey and other documents reflecting 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, if applicable                                                                                                N/a

14 Site Zoning                                           Documentation from authorized Local Government Official that details zoning, land use classification and conditions of zoning, explanation of          Yes
                                                         requirements, and any conditions of zoning and classification.
                                                         Copy of Ordinance                                                                                                                                      Yes

15 Operating Utility original letters:                   Gas (if applicable)                                                                                                                                    N/a
                                                         Public Water/Sewer Requirement Waiver Approval                                                                                                         N/a
                                                         Electricity                                                                                                                                            Yes
                                                         Letter of availability and capacity from local public water authority                                                                                  Yes
                                                         Letter of availability and capacity from local public sewer authority                                                                                  Yes
                                                         Evidence of easements necessary to extend utilities (if applicable)                                                                                    N/a
                                                         Verification of Annexation and Improvements (if applicable)                                                                                            N/a

16 Physical Needs Assessment                             Physical Needs Assessment                                                                                                                              N/a
   (Rehab projects)                                      Resume of individual or company                                                                                                                        N/a
                                                         Three letters of recommendation ( at least one from should be from a Real Estate development or construction firm)                                     N/a
                                                         Terms of Reference form                                                                                                                                N/a
                                                         Systems and Condition forms:                                                                                                                           N/a
                                                              Site                                                                                                                                              N/a
                                                              Architectural                                                                                                                                     N/a
                                                              Dwelling unit                                                                                                                                     N/a
                                                              Mechanical and Electrical                                                                                                                         N/a
                                                         Immediate Physical Needs                                                                                                                               N/a
                                                         Capital Reserve Statement                                                                                                                              N/a
                                                         Scope of Work                                                                                                                                          N/a
                                                         Construction Budget                                                                                                                                    N/a



       2009 OAH Funding Application - April                                          Application Tabs Checklist                                                                                    3 of 1061
       Georgia Department of Community Affairs                                                                                                                    Office of Affordable Housing
                                            2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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
17 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

18 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
19 Required Legal Opinions                               Legal Opinion for Assisted Living (as applicable)                                                                                                  N/a
                                                         LIHTC Legal Opinion as to Project Qualification for Acquisition Credits                                                                            N/a
                                                         Accessibility exemption Legal Opinion (if applicable)                                                                                              N/a
                                                         other legal                                                                                                                                        N/a

20 Relocation (if applicable)                            Relocation Displacement Spreadsheet                                                                                                                N/a
                                                         Detailed Project-Specific Displacement/Relocation Plan and Budget                                                                                  N/a
                                                         Temporary Relocation Cost Estimate                                                                                                                 N/a
                                                         General Info Notice for Occupants at Time of App / Proof of Delivery                                                                               N/a
                                                         Occupancy History                                                                                                                                  N/a
                                                         Site Map of Property                                                                                                                               N/a
                                                         Tenant Household Data Forms                                                                                                                        N/a
                                                         Other (per Relocation Manual):                                                                                                                     N/a

21 Marketing to Special Needs Tenants                    Marketing Plan outlining how the project will market units to tenants with special needs                                                           N/a
                                                         description of access to supportive services, transportation, and community amenities                                                              N/a
                                                         Identify service providers that can provide referrals to the project                                                                               N/a
                                                         Agreement to require management to regularly contact local service provider                                                                        N/a
                                                                                                                                                                                                            N/a
      SCORING DOCUMENTATION
22 Desirable / Undesirable Characteristics               Desirable/Undesirable Form                                                                                                                         Yes
                                                         A site map indicating the specific locations of each desirable and undesirable activity/ characteristics                                           Yes
                                                         Photographs of the desirable and undesirable activities/characteristics                                                                            Yes
                                                         Documentation from the owner of the site on which the undesirable condition exists or from a third party government source documenting how such    Yes
                                                         change will occur and the time frame
                                                         Documentation that evidences the desirable activity/characteristic that will be located in sites under construction                                N/a



       2009 OAH Funding Application - April                                          Application Tabs Checklist                                                                                4 of 1061
       Georgia Department of Community Affairs                                                                                                                       Office of Affordable Housing
                                            2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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
23 Infill / Rural Smart Growth                           Documentation that the Applicant has site control over all parcels set out in a Phased projects                                                            N/a
                                                         Documentation that the project is designated as a Transit Oriented Development from the local Transit Authority                                            N/a

24 Community Transportation                              Map showing the location of the Rapid Rail Transit station in relation to the proposed development site                                                    N/a
                                                         Documentation on the previous use of the building                                                                                                          N/a

25 Adaptive Re-Use                                       Photographs of the building that will be adapted                                                                                                           N/a
                                                         Documentation of whether or not it is occupied                                                                                                             N/a

26 Brownfield                                            Evidence of designation as a Brownfield site                                                                                                               N/a
                                                         An opinion letter from either an attorney or a PE that the property appears to meet the requirements for issuance of an EPD Letter of No Further Action    N/a

                                                         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

27 Greyfield                                             Documentation of current use of the vacant or abandoned center                                                                                             N/a
                                                         90% of square footage documentation                                                                                                                        N/a
                                                         Documentation of associated parking areas                                                                                                                  N/a

28 Sustainable Communities Certification                 Draft scoring sheet for the development and master site plan for the development                                                                           N/a
                                                         Copy of an executed EarthCraft Communities Memorandum of Participation for the development the project is locating within or LEED-ND registration          N/a
                                                         for the larger development from US Green Building Council

29 Sustainable Building Certification                    Scoring worksheets for the applicable program showing the intended path towards certification                                                              Yes

30 HOPE VI Initiatives                                   (A) A copy of the HOPE VI Revitalization Grant Assistance Award (form HUD-1044)                                                                            N/a
                                                         (B) A certification letter from the Executive Director of the identified PHA                                                                               N/a
                                                         (C) A copy of the HUD approved Revitalization Plan.                                                                                                        N/a

31 Neighborhood Stabilization                            Pictures of proposed site site and surrounding area                                                                                                        Yes
                                                         Copy of Foreclosure documents, if applicable                                                                                                               Yes
                                                         Evidence from the mortgage lender and/or tax authority that payments have been delinquent for 90 days and that foreclosure proceedings have been           N/a
                                                         initiated, if “abandoned”
                                                         A letter from the chief operating officer of the local government certifying that the redevelopment of the property will assist in stabilizing the         Yes
                                                         neighborhood
                                                         Narrative of how the project promotes the purposes of the Neighborhood Stabilization                                                                       Yes




       2009 OAH Funding Application - April                                         Application Tabs Checklist                                                                                     5 of 1061
       Georgia Department of Community Affairs                                                                                                                             Office of Affordable Housing
                                            2009 Application Binder Tabs Checklist For: 2009-039, Heritage at McDonough, Henry 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
32 Redevelopment Plans / QCT                              Copy of the Plan                                                                                                                                                N/a
                                                          Website address where information regarding the plan can be located                                                                                             N/a
                                                          Evidence of plan adoption                                                                                                                                       N/a
                                                          Documentation of Public Hearing and Publication if required by statute                                                                                          N/a
                                                          Copy of Resolution adopting the state enterprise zone                                                                                                           N/a
                                                          Documentation evidencing that the proposed site is located in a QCT/DDA                                                                                         N/a
                                                          The DCA Neighborhood Redevelopment Certification Form                                                                                                           N/a
                                                          Narrative and 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 must be included in the Application                                N/a
                                                          Map of area targeted by plan identifying location of project                                                                                                    N/a

33 Stable Communitities                                   FFIEC Census Report showing demographics, income and housing statistics                                                                                         No

34 Tenant Ownership                                       Copy of plan                                                                                                                                                    No

35 Historic Designation                                   Documentation of project site listed in the National Register of Historic Places                                                                                  N/a
                                                          Documentation of buildings on the project site are located either in a "registered historic district" or in potentially eligible district, including a State SHPO N/a
                                                          nomination letter/approval

36 Resolution of Support                                  Resolution of Support                                                                                                                                           Yes
                                                          Evidence of Adoption of Resolution                                                                                                                              Yes
                                                          Letter from elected official in the DCA format                                                                                                                  Yes
                                                          Charter (if applicable)                                                                                                                                         N/a
                                                          Letter executed by Official Representative                                                                                                                      N/a

37 DCA Community Initiatives                              Letter from Chief Officer                                                                                                                                       N/a
                                                          Copy of Community Plan                                                                                                                                          N/a

38 DCA Optional Points for Superior Project Concept Narrative, not more than two pages, along with supporting documentation                                                                                               Yes

39 Other
   (Provide name of each item
   and what section it is
   needed for)



                 Note: Additional Forms and Documentation required for the 2009 Application Submittal may be obtained on the DCA website at
                                     http://www.dca.state.ga.us/housing/HousingDevelopment/programs/QAP2009docs.asp



       2009 OAH Funding Application - April                                           Application Tabs Checklist                                                                                          6 of 1061
Georgia Department of Community Affairs                                          2009 Funding Application                                                        Office of Affordable Housing
                                       PART ONE - PROJECT INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

   Please note:                      Blue-shaded cells are unlocked for your use and do not contain references/formulas.                                     DCA Use Only - Project Nbr:
                                     Green-shaded cells are unlocked for your use and do contain references/formulas that can be overwritten.                           2009-039

   I.       DCA RESOURCES                        LIHTC (auto-filled based on later entries)           $            950,000                 DCA 2009 Pre-app Nbr,             PA09-71
                                                 DCA HOME (Pre-Application amount)                    $                  -                 if pre-app was submitted:

   II.      TYPE OF APPLICATION                  Competitive Round                           Other:

   III.     APPLICANT CONTACT FOR APPLICATION REVIEW
            Name                                 Robert G. Hoskins                                                                      Title       Manager
            Address                              3460 Preston Bridge Road, Suite 175                                                    Direct Line                    (678) 297-3404
            City                                 Alpharetta                                                                             Fax                                (678) 297-3405
            State                                GA                                  Zip+4                                              Cellular
            Office Phone                         (678) 297-3400                       Ext.                2002      E-mail    rhoskins@nurock.com
            (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)

   IV.      PROJECT LOCATION
            Project Name                         Heritage at McDonough                                                                     Phased Project?             No
            Site Street Address                  Bridges Road and Brisendine Street                                                        Scattered Site?             No
            City                                 McDonough                         , Georgia  Zip+4        30253-0000                      Acreage                     11.63
            Within City Limits?                  Yes                                         County Henry                                  Census Tract #              703.03
            In USDA Rural Area?                  No                    HUD MSA/NonMSA name Atlanta-Sandy Springs-Marietta                  QCT?         No                  DDA? No
                                                       Congressional            State Senate               State House
            Legislative Districts                           3                        10                        109
            If on boundary, other district:
            Political Jurisdiction               City of McDonough
            Name of Chief Elected Official       Billy Copeland                                                      Title    Mayor
            Address                              136 Keys Street                                                     City     McDonough
            Zip+4                                30253-0000                  Phone                (770) 957-3915                 Fax            (770) 957-7231

   V.       PROJECT DESCRIPTION
          A. Mixed Use                                 No

          B. Type of Construction:
             New Construction                          105
             Adaptive Reuse
             Acquisition/Rehab
             Substantial Rehab
             Historic Rehab




2009 OAH Funding Application - April                                              Part I-Project Information                                                                           7 of 1061
Georgia Department of Community Affairs                                       2009 Funding Application                                                       Office of Affordable Housing
                                      PART ONE - PROJECT INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

           C. Unit Breakdown                                                          # of PBRA               D. Unit Area
              Number of Low Income Units                                    105          Units                   Total Low Income Residential Square Footage                 96,384
                          Number of 50% Units                                16
                          Number of 60% Units                                89
              Number of NSP 120% Units                                                                          Total NSP 120% Residential Square Footage
              Number of Unrestricted Units                                                                      Total Unrestricted Residential Square Footage
              Total Residential Units                                       105                                 Total Residential Square Footage                             96,384
              Common Space Units                                                                                Total Common Space Square Footage from Units
              Total Units                                                   105                                 Total Square Footage from Units                              96,384
           E. Buildings Number of Residential Buildings                      2                                  Non-Residential SF from Units (Common Space)
                        Number of Non-Residential Buildings                  1                                  Non-Residential SF NOT from Units (Common Space)
                        Total Number of Buildings                            3                                  Total Non-Residential Square Footage
           F. Total Residential Parking Spaces (min 1.5 per unit)           169

   VI.       TENANCY CHARACTERISTICS
           A. Family or Senior                                           Senior (HFOP)                          If Other, specify:
           B. Mobility Impaired                 Nbr of Units Equipped:       6                                  % of Total Units                                              5.7%
           C. Sight / Hearing Impaired          Nbr of Units Equipped:       3                                  % of Total Units                                              2.9%

   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
           C. Neighborhood Stabilization Funds (NSP)                                                              40% of Residential Units at 50% of AMI                       No

   VII.      SET ASIDES
           A. Competitive Round Set-Aside(s):                               No        Nonprofit                     No         Rural                    No       CHDO
                                                                            No        Preservation                  No         Special Needs
           B. Other (non-Competitive)                                       No        Supplemental

   VIII.     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




2009 OAH Funding Application - April                                             Part I-Project Information                                                                     8 of 1061
Georgia Department of Community Affairs                                       2009 Funding Application                                                     Office of Affordable Housing
                                     PART ONE - PROJECT INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

   IX.      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:            950,000                             Are you claiming Tier 1 Entity points for this application?   Yes
         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
            Robert G. Hoskins                   Heritage at McDonough
            Sandra K. Hoskins                   Heritage at McDonough




         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




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


2009 OAH Funding Application - April                                             Part I-Project Information                                                                   9 of 1061
Georgia Department of Community Affairs                                        2009 Funding Application                                                    Office of Affordable Housing
                                     PART ONE - PROJECT INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

   XI.     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. Is there currently an Extention of Cancellation Option?                   No      If yes, expiration year:                  Nbr yrs to forgo cancellation option:
        C. Is there a Tenant Ownership Plan?                                         No
        D. Is the Project Currently Occupied?                                        No
           Total Existing Units
           Number Occupied
           % Existing Occupied
        E. Waivers / Pre-Approvals - have the following waivers / pre-approvals been approved by DCA?
           Per-Unit Cost Limit?                                                      No     ---------------------------> If Yes, new Limit is:
           Operating Expense?                                                        No     ---------------------------> If Yes, new Limit is:
           Amenities?                                                                No                                    Other Tenancy?
           Architectural Standards?                                                  No                                    Probationary Experience Participation?
           Experience: Owner?           No       Developer?      No     Manager?     No                                    Service Requirement (for small rural projects)
           HOME Reservation?                                                         No                                    State-Designated 30% Basis Boost?
           Payment & Performance Bond?                                               No                                    20% Developer Fee?
           Noise?                                                                    No                                    3rd Party Investment in Off-Site Amenities?
           Other (specify waiver):                                                                                         Special Needs?
        F. Projected Place-In-Service Date
           Acquisition                                                            December 30 2009
           Rehab
           New Construction                                                       September 30 2010
   XII.    APPLICANT COMMENTS AND CLARIFICATIONS                                                            XV.            DCA COMMENTS - DCA USE ONLY




2009 OAH Funding Application - April                                            Part I-Project Information                                                                     10 of 1061
  Georgia Department of Community Affairs                                                  2009 Funding Application                                          Office of Affordable Housing

                                    PART TWO - DEVELOPMENT TEAM INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

I. OWNERSHIP INFORMATION

  A. OWNERSHIP ENTITY                    Heritage McDonough Housing Partners LP                                         Name of Principal Robert G. Hoskins
        Office Street Address            3460 Preston Ridge Road, Suite 175                                             Title of Principal Managing General Partner
        City                             Alpharetta                         Fed Tax ID:                                 Direct line        (678) 297-3404
        State                                 GA        Zip+4          03000-5000       ENTER THE 4_DIGIT EXTENSION!!!!!Cellular
        10-Digit Office Phone / Ext.     (678) 297-3400             2002        Fax        (678) 297-3405       E-mail rhaokins@nurock.com
          (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)
  B. PROPOSED PARTNERSHIP INFORMATION

     1. GENERAL PARTNER(S)
       a. Managing Gen'l Partner         NDG Heritage McDonough, LLC                                                          Name of Principal Robert G. Hoskins
          Office Street Address          3460 Preston Ridge Road, Suite 175                                                   Title of Principal Manager
          City                           Alpharetta                                                                           Direct line        (678) 297-3404
          State                              GA         Zip+4          30005-0000                                             Cellular
          10-Digit Office Phone / Ext.   (678) 297-3400             2002        Fax                   (678) 297-3405   E-mail rhoskins@nurock.com
       b. Other General Partner                                                                                                 Name of Principal
          Office Street Address                                                                                                 Title of Principal
          City                                                                                                                  Direct line
          State                                           Zip+4                                                                 Cellular
          10-Digit Office Phone / Ext.                                                 Fax                             E-mail
       c. Other General Partner                                                                                                 Name of Principal
          Office Street Address                                                                                                 Title of Principal
          City                                                                                                                  Direct line
          State                                           Zip+4                                                                 Cellular
          10-Digit Office Phone / Ext.                                                 Fax                             E-mail

     2. LIMITED PARTNERS (PROPOSED OR ACTUAL)
       a. Federal Limited Partner                                                                                               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. State Limited 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

     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




  2009 OAH Funding Application - April                                                     Part II-Development Team                                                           11 of 1061
  Georgia Department of Community Affairs                                         2009 Funding Application                                          Office of Affordable Housing

                                  PART TWO - DEVELOPMENT TEAM INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

II. DEVELOPER(S)

  A. DEVELOPER                           NuRock Development Group, Inc.                                              Name of Principal Robert G. Hoskins
         Office Street Address           3460 Preston Ridge Road, Suite 175                                          Title of Principal Manager
         City                            Alpharetta                                                                  Direct line        (678) 297-3404
         State                               GA         Zip+4          30005-0000                                    Cellular
         10-Digit Office Phone / Ext.    (678) 297-3400             2002        Fax                           E-mail rhoskins@nurock.com
  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

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                  NuRock Constuction                                                          Name of Principal Robert G. Hoskins
         Office Street Address           3460 Preston Ridge Road, Suite 175                                          Title of Principal Manager
         City                            Alpharetta                                                                  Direct line        (678) 297-3404
         State                               GA         Zip+4          00300-5000                                    Cellular
         10-Digit Office Phone / Ext.    (678) 297-3400             2002        Fax          (678) 297-3405   E-mail rhoskins@nurock.com
  C. MANAGEMENT COMPANY                  NuRock Management                                                           Name of Principal Robert G. Hoskins
        Office Street Address            3460 preston Ridge Road, Suite 175                                          Title of Principal Manager
        City                             Alpharetta                                                                  Direct line        (678) 297-3404
        State                                GA         Zip+4           30005-0000                                   Cellular
        10-Digit Office Phone / Ext.     (678) 297-3400             2002         Fax         (678) 297-3405   E-mail rhoskins@nurock.com
  D. ATTORNEY                         To be determined                                                                 Name of Principal
         Office Street Address                                                                                         Title of Principal
         City                                                                                                          Direct line
         State                                       Zip+4                                                             Cellular
         10-Digit Office Phone / Ext.                                           Fax                           E-mail



  2009 OAH Funding Application - April                                           Part II-Development Team                                                            12 of 1061
     Georgia Department of Community Affairs                                                                    2009 Funding Application                                                                           Office of Affordable Housing

                                                PART TWO - DEVELOPMENT TEAM INFORMATION - 2009-039 Heritage at McDonough, McDonough, Henry County

     E. ACCOUNTANT                       To be determined                                                                                                                    Name of Principal
            Office Street Address                                                                                                                                            Title of Principal
            City                                                                                                                                                             Direct line
            State                                       Zip+4                                                                                                                Cellular
            10-Digit Office Phone / Ext.                                                                      Fax                                                   E-mail
     F. ARCHITECT                                     Morton Gruber, AIA, Architect                                                                                        Name of Principal Morton Gruber
            Office Street Address                     245 Peachtree Street NE, Suite 2445                                                                                  Title of Principal Architect
            City                                      Atlanta                                                                                                              Direct line        (404) 584-1681
            State                                         GA         Zip+4           30303-0000                                                                            Cellular
            10-Digit Office Phone / Ext.              (404) 584-1681                1         Fax                               (404) 584-1695                      E-mail mgruber@mortongruber.com

IV. OTHER REQUIRED INFORMATION (Answer each of the 6 questions below for each participant listed below.)

                                                                                                                                                              5. Has this entity ever
                                        1. Is                                                        4. Does this entity have
                                                  2. Has any person,        3. Does this entity have                                                             been debarred or
                                        this                                                           an identity of interest                                                               6. Applicable
                                               principal, or agent for this  an identity of interest                                                           suspended from any
                                       entity                                                            with any member,                                                                 Organizational Type           7. Project Ownership
              Participant                     entity ever been convicted with any other entity in                                                             local, state, or federal
                                         a                                                            officer, or employee of                                                            (For Profit, Nonprofit,            Percentage
                                              of a felony (Yes or No)?. If     this chart? If yes,                                                             housing program? If
                                       MBE/                                                            DCA? If yes, attach                                                                      CHDO)
                                               yes, attach explanation.      attach explanation.                                                                    yes, attach
                                       WBE?                                                                explanation.
                                                                                                                                                                   explanation.
     Managing General Partner             No                      No                                  Yes                               No                              No                        For Profit                  0.1000%
     Other General Partner 1
     Other General Partner 2
     Federal Limited Partner              No                      No                                  No                                No                              No                        For Profit                 99.9000%
     State Limited Partner                No                      No                                  No                                No                              No                        For Profit
     Nonprofit Sponsor
     Developer                            No                      No                                  Yes                               No                              No                        For Profit                  0.0000%
     Co-Developer 1
     Co-Developer 2
     Owner Consultant
     Developer Consultant
     Contractor                           No                      No                                  Yes                               No                              No                        For Profit                  0.0000%
     Management Company                   No                      No                                  Yes                               No                              No                        For Profit                  0.0000%

V.      APPLICANT COMMENTS AND CLARIFICATIONS                                                                                                                 VI.            DCA COMMENTS - DCA USE ONLY
Robert G. Hoskins is the Managing General Partner as well as a principal in the the development company, the general contractor and the management conpany.




     2009 OAH Funding Application - April                                                                       Part II-Development Team                                                                                            13 of 1061
Georgia Department of Community Affairs                                                2009 Funding Application                                                             Office of Affordable Housing
                                             PART THREE - SOURCES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

  I.     GOVERNMENT FUNDING SOURCES (check all that apply)

            Yes      Tax Credits                 Yes      USDA 515                    No      Tax Exempt Bonds                         No      HOPE VI                    No         FHLB/AHP*
            No       DCA HOME*                   No       USDA 538                    No      Taxable Bonds                                                               No         Historic Rehab Credits
            No       Other HOME*                 No       CDBG                        No      DCA NSP* - if yes, amount:                                                  No         FHA Insured Mortgage
            No       DCA PSHP HOME*              No       FHA Risk Share              No      Other NSP* - if yes, amount:                                                           Other - describe here
         *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

         Financing Type                                                  Name of Financing Entity                             Amount                       Effective Interest Rate     Term (In Months)
         Mortgage A                                                 Wells Fargo                                                                9,100,000           5.250%                     24
         Mortgage B
         Mortgage C
         Federal Grant
         State, Local, or Private Grant
         Deferred Developer Fees
         Federal Housing Credit Equity                              TBD                                                                        1,034,397
         State Housing Credit Equity                                TBD                                                                          397,049
         Other Source (specify)
         Other Source (specify)
         Other Source (specify)
         Total Construction Financing:                                                                                                        10,531,446
         Total Construction Period Costs from Development Budget:                                                                             10,531,446
         Surplus/(Shortage) of Construction funds to Construction costs:                                                                               0

  III.   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
                                            Neither                                                   0    0.000%          0           0                                    Amortizing             n/a
         Mortgage A                         Wells Fargo                                       2,950,000    8.150%         18          35                    255,298         Amortizing
         Mortgage B
         Other:
         Funding Source for Costs>PUCL
         Deferred Devlpr Fee       20.60%                                                       308,990
         Federal Grant
         State, Local, or Private Grant                                                                   % of TDC
         Federal Housing Credit Equity    TBD                                                 6,839,316     54%                                Proposed DCA HOME Loan Interest Rate by Operating
         State Housing Credit Equity      TBD                                                 2,646,995     21%                                          Year for Projects in Rural Areas:
         Historic Credit Equity                                                                             74%                                  Year:     1 -7          8           9     10
         Invstmt Earnings: T-E Bonds                                                                                                             Rate:
         Invstmt Earnings: Taxable Bonds                                                                                                          11       12           13          14     15
         Income from Operations
         Other:                                                                                                                                    16          17          18           19           20
         Other:
         Other:                                                                                                                                    21          22          23           24           25
         Total Permanent Financing:                                                    12,745,301
         Total Development Costs from Development Budget:                              12,745,301                                                  26          27          28           29           30
         Surplus/(Shortage) of Permanent funds to development costs:                       0



2009 OAH Funding Application - April                                                    Part III A-Sources of Funds                                                                                 14 of 1061
Georgia Department of Community Affairs                                2009 Funding Application                                    Office of Affordable Housing
                                       PART THREE - SOURCES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County


  IV.   APPLICANT COMMENTS AND CLARIFICATIONS                                           IV.          DCA COMMENTS - DCA USE ONLY




2009 OAH Funding Application - April                                   Part III A-Sources of Funds                                                   15 of 1061
                               2009 Office of Affordable Housing Funding Application
                                   USDA 538 Guaranteed Loan Calculations
         PART III B: USD 538 LOAN - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                  I. Data Input
 Loan Amount:                                       $0.00                           $0.00                    $0.00
 Interest Rate:           USDA Spread               2.50%           (aka Interest Assistance Rate in USDA Handbook)
                          Effective Rate                            (Effective Interest Assistance Rate in USDA Handbook)
 USDA Annual Fee                                    0.50%           (per annum)
 Loan Term (yrs)
 Amortization Pd (yrs)
 Annual P & I                                      #DIV/0!                 #DIV/0!                  #DIV/0!
 Monthly P & I                                     #DIV/0!                 #DIV/0!                  #DIV/0!

                                 II. Interest Credit / USDA Annual Guaranty Fee
          Year               Interest Credit    Guarantee Fee                     Annual Debt Svc
            1                     $0.00            $0.00                              $0.00
            2                     $0.00            $0.00                              $0.00
            3                     $0.00            $0.00                              $0.00
            4                     $0.00            $0.00                              $0.00
            5                     $0.00            $0.00                              $0.00
            6                     $0.00            $0.00                              $0.00
            7                     $0.00            $0.00                              $0.00
            8                     $0.00            $0.00                              $0.00
            9                     $0.00            $0.00                              $0.00
           10                     $0.00            $0.00                              $0.00
           11                     $0.00            $0.00                              $0.00
           12                     $0.00            $0.00                              $0.00
           13                     $0.00            $0.00                              $0.00
           14                     $0.00            $0.00                              $0.00
           15                     $0.00            $0.00                              $0.00
           16                     $0.00            $0.00                              $0.00
           17                     $0.00            $0.00                              $0.00
           18                     $0.00            $0.00                              $0.00
           19                     $0.00            $0.00                              $0.00
           20                     $0.00            $0.00                              $0.00
           21                     $0.00            $0.00                              $0.00
           22                     $0.00            $0.00                              $0.00
           23                     $0.00            $0.00                              $0.00
           24                     $0.00            $0.00                              $0.00
           25                     $0.00            $0.00                              $0.00
           26                     $0.00            $0.00                              $0.00
           27                     $0.00            $0.00                              $0.00
           28                     $0.00            $0.00                              $0.00
           29                     $0.00            $0.00                              $0.00
           30                     $0.00            $0.00                              $0.00
           31                     $0.00            $0.00                              $0.00
           32                     $0.00            $0.00                              $0.00
           33                     $0.00            $0.00                              $0.00
           34                     $0.00            $0.00                              $0.00
           35                     $0.00            $0.00                              $0.00
           36                     $0.00            $0.00                              $0.00
           37                     $0.00            $0.00                              $0.00
           38                     $0.00            $0.00                              $0.00
           39                     $0.00            $0.00                              $0.00
           40                     $0.00            $0.00                              $0.00


Georgia Department of Community Affairs        Part III B-USDA 538 Loan                                            16 of 1061
                               2009 Office of Affordable Housing Funding Application
                                   USDA 538 Guaranteed Loan Calculations
                                2009-039 Heritage at McDonough, McDonough, Henry County
                                              III. Amortization Schedule
         Month                   P&I Payment                 Interest         Principal   Balance       Year
          Close                                                                                 $0.00
            1                             $0.00                $0.00             $0.00          $0.00
            2                             $0.00                $0.00             $0.00          $0.00
            3                             $0.00                $0.00             $0.00          $0.00
            4                             $0.00                $0.00             $0.00          $0.00
            5                             $0.00                $0.00             $0.00          $0.00
            6                             $0.00                $0.00             $0.00          $0.00
            7                             $0.00                $0.00             $0.00          $0.00
            8                             $0.00                $0.00             $0.00          $0.00
            9                             $0.00                $0.00             $0.00          $0.00
           10                             $0.00                $0.00             $0.00          $0.00
           11                             $0.00                $0.00             $0.00          $0.00
           12                             $0.00                $0.00             $0.00          $0.00    1
           13                             $0.00                $0.00             $0.00          $0.00
           14                             $0.00                $0.00             $0.00          $0.00
           15                             $0.00                $0.00             $0.00          $0.00
           16                             $0.00                $0.00             $0.00          $0.00
           17                             $0.00                $0.00             $0.00          $0.00
           18                             $0.00                $0.00             $0.00          $0.00
           19                             $0.00                $0.00             $0.00          $0.00
           20                             $0.00                $0.00             $0.00          $0.00
           21                             $0.00                $0.00             $0.00          $0.00
           22                             $0.00                $0.00             $0.00          $0.00
           23                             $0.00                $0.00             $0.00          $0.00
           24                             $0.00                $0.00             $0.00          $0.00    2
           25                             $0.00                $0.00             $0.00          $0.00
           26                             $0.00                $0.00             $0.00          $0.00
           27                             $0.00                $0.00             $0.00          $0.00
           28                             $0.00                $0.00             $0.00          $0.00
           29                             $0.00                $0.00             $0.00          $0.00
           30                             $0.00                $0.00             $0.00          $0.00
           31                             $0.00                $0.00             $0.00          $0.00
           32                             $0.00                $0.00             $0.00          $0.00
           33                             $0.00                $0.00             $0.00          $0.00
           34                             $0.00                $0.00             $0.00          $0.00
           35                             $0.00                $0.00             $0.00          $0.00
           36                             $0.00                $0.00             $0.00          $0.00    3
           37                             $0.00                $0.00             $0.00          $0.00
           38                             $0.00                $0.00             $0.00          $0.00
           39                             $0.00                $0.00             $0.00          $0.00
           40                             $0.00                $0.00             $0.00          $0.00
           41                             $0.00                $0.00             $0.00          $0.00
           42                             $0.00                $0.00             $0.00          $0.00
           43                             $0.00                $0.00             $0.00          $0.00
           44                             $0.00                $0.00             $0.00          $0.00
           45                             $0.00                $0.00             $0.00          $0.00
           46                             $0.00                $0.00             $0.00          $0.00
           47                             $0.00                $0.00             $0.00          $0.00
           48                             $0.00                $0.00             $0.00          $0.00    4




Georgia Department of Community Affairs           Part III B-USDA 538 Loan                          17 of 1061
                                  2009 Office of Affordable Housing Funding Application
                                      HUD Insured Mortgage Loan Calculations
    PART III C - HUD INSURED LOAN - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                       I. Data Input

Loan Amount:                                                              $0.00 NOTE: If this section is completed,
                                                                                then Applicant must also complete
Interest Rate:                    Investor Rate                                 the "Additional HUD Requirements"
                                  Servicing Fee                                 section in the Threshold Criteria tab.
                                  GNMA Gty Fee
                                  Effective Rate                0.000%

HUD Mortgage Insurance Premium                                                  per annum

Loan Term                                                                       years

Amortization Period                                                             years

Annual Debt Service at Effective Rate                           #DIV/0!         (Excluding MIP)

Monthly Debt Service at Effective Rate                          #DIV/0!         (Excluding MIP)




                              II. HUD Mortgage Insurance Premium / Debt Service


  Year              MIP             Annual Debt Svc              Year                   MIP         Annual Debt Svc
    1              $0.00                  $0.00                    21                   $0.00             $0.00
    2              $0.00                  $0.00                    22                   $0.00             $0.00
    3              $0.00                  $0.00                    23                   $0.00             $0.00
    4              $0.00                  $0.00                    24                   $0.00             $0.00
    5              $0.00                  $0.00                    25                   $0.00             $0.00
    6              $0.00                  $0.00                    26                   $0.00             $0.00
    7              $0.00                  $0.00                    27                   $0.00             $0.00
    8              $0.00                  $0.00                    28                   $0.00             $0.00
    9              $0.00                  $0.00                    29                   $0.00             $0.00
   10              $0.00                  $0.00                    30                   $0.00             $0.00
   11              $0.00                  $0.00                    31                   $0.00             $0.00
   12              $0.00                  $0.00                    32                   $0.00             $0.00
   13              $0.00                  $0.00                    33                   $0.00             $0.00
   14              $0.00                  $0.00                    34                   $0.00             $0.00
   15              $0.00                  $0.00                    35                   $0.00             $0.00
   16              $0.00                  $0.00                    36                   $0.00             $0.00
   17              $0.00                  $0.00                    37                   $0.00             $0.00
   18              $0.00                  $0.00                    38                   $0.00             $0.00
   19              $0.00                  $0.00                    39                   $0.00             $0.00
   20              $0.00                  $0.00                    40                   $0.00             $0.00




Georgia Department of Community Affairs           Part III C-HUD Insured Loan                             page 18 of 1061
   Georgia Department of Community Affairs          2009 OAH Funding Application
                  PART III D - HOME ALLOCATION WORKSHEET - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                                               Method I

  HOME Subsidy                                              Per Unit HOME   Proposed Nbr. of                                  Per Unit HOME                     Min Required
  Limitation               Unit Type                        Subsidy Limit     HOME Units                                      Subsidy Totals                    HOME Units
  (See Threshold           Efficiency                          $102,000            0                                                $0                               0
  Section 1 - Feasibility, 1 Bedroom                           $117,000            0                                                $0
  Part M)                  2 Bedroom                           $142,000            0                  Total Per-Unit                $0
                           3 Bedroom                           $184,000            0                  HOME Subsidy                  $0
                           4+ Bedroom                          $202,000            0                  Limit for                     $0
                                                                                   0                  Project:                      $0

                                                                               Method II
                                                                                                             Check
  Number of HOME Units Specified in Application                                      0                       0
  Number of Total Units Specified in Application                                                            105
  HOME Percent of Total Units                                                     0.000%                  0.000%           (Formula: HOME Percent of Total Units = # Home Units /
                                                                                                                           # Total Units)
  Total Development Costs (TDC)                                                                         $12,745,301
  Reserves Held for more than 18 months:
   Operating Deficit Reserve                                                                              $219,674
   Other
   Other
  Total HOME Eligible Costs                                                          $0                  $12,525,627

                                                                       Eligible HOME Amount

  Eligible HOME Amount is the Lesser of Method I or II                               $0               Maximum DCA HOME loan is $2,500,000
   (or Amount the project Needs for Feasibility, if less)
  Requested HOME Loan Amount (HOME Investment)                                                        When submitted at Application Deadline, this amount must match the amount
  Per Unit HOME Investment                                                           $0               shown on the DCA HOME Loan Consent Approval Letter.

  HOME Investment Proportion of Total HOME Eligible Cost                          0.000%              (Formula: HOME Investment Proportion of Total Eligible Cost = Total HOME
                                                                                                      Request (Investment) / Total HOME Eligible Costs)


Applicant Comments                                                                                   DCA Comments




   2009 OAH Funding Application - April                                 Part III-D HOME Allocation
Georgia Department of Community Affairs                                         2009 Funding Application                                        Office of Affordable Housing

                                               PART FOUR - USES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                          CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS

     DEVELOPMENT BUDGET                                                                                                                                      Amortizable or
I.                                                                                              New Construction    Acquisition        Rehabilitation
                                                                                                                                                            Non-Depreciable
                                                                                                     Basis            Basis               Basis
                                                                             TOTAL COST                                                                         Basis

     PRE-DEVELOPMENT COSTS                                                                                            PRE-DEVELOPMENT COSTS
     Property Appraisal                                                             7,500                   7,500
     Market Study                                                                   7,500                   7,500
     Environmental Report(s)                                                       25,000                  25,000
     Soil Borings                                                                  10,000                  10,000
     Boundary and Topographical Survey                                             50,000                  50,000
     Zoning/Site Plan Fees
     Other:
     Other:
     Other:
                                                                  Subtotal        100,000                 100,000            -                    -                     -

     ACQUISITION                                                                                                              ACQUISITION
     Land                                                                         775,000
     Demolition                                                                       -
     Acquisition Legal Fees (if existing structures)                                  -
     Existing Structures                                                              -
                                                                  Subtotal        775,000                                    -                                          -

     SITE IMPROVEMENTS                                                                                                   SITE IMPROVEMENTS
     Site Preparation (On-site)                                                 1,050,000             1,050,000
     Site Preparation (Off-site)                                                      -
                                                                  Subtotal      1,050,000             1,050,000              -                    -                     -

     UNIT/BUILDING CONSTRUCTION*                                                                                    UNIT/BUILDING CONSTRUCTION*
     Unit/Building Construction/New Construction                                4,812,000             4,812,000
     Unit/Building Construction/Rehab
     Project Amenities / Accessory Buildings                                      600,000                 600,000
     Other:
     Construction Contingency                                                     324,720               324,720
                                                                  Subtotal      5,736,720             5,736,720              -                    -                     -

     CONTRACTOR SERVICES                                                                                               CONTRACTOR SERVICES
     Builder's Overhead:                 2.00%                    129,240         129,240                 129,240
     Builder Profit:                     6.00%                    387,720         387,720                 387,720
     General Requirements                6.00%                    387,720         387,720                 387,720
             includes
             Payment/performance bond or
             letter-of-credit fee or premium                      Subtotal        904,680                 904,680            -                    -                     -
     Total Construction Costs               70,158.86 per unit
     7,366,680.00                               76.43 per sq ft




2009 OAH Funding Application - April                                              Part IV-Uses of Funds                                                           20 of 1061
Georgia Department of Community Affairs                                   2009 Funding Application                                         Office of Affordable Housing

                                            PART FOUR - USES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                     CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS

     DEVELOPMENT BUDGET                                                                                                                                 Amortizable or
I.                                                                                        New Construction     Acquisition        Rehabilitation
                                                                                                                                                       Non-Depreciable
                                                                                               Basis             Basis               Basis
                                                                      TOTAL COST                                                                           Basis

     CONSTRUCTION PERIOD FINANCING                                                                            CONSTRUCTION PERIOD FINANCING
     Construction Loan Fee                                                  91,000                   91,000
     Construction Loan Interest                                            957,342                  957,342
     Construction Legal Fees                                                75,000                   75,000
     Construction Period Real Estate Tax                                    52,500                   52,500
     Construction Insurance                                                 47,250                   47,250
     Bridge Loan Fee and Bridge Loan Interest
     Other:
                                                           Subtotal       1,223,092             1,223,092               -                    -                     -

     PROFESSIONAL SERVICES                                                                                        PROFESSIONAL SERVICES
     Architectural Fee - Design                                            108,000                  108,000
     Architectural Fee - Supervision                                        36,000                   36,000
     Engineering                                                           125,000                  125,000
     Real Estate Attorney                                                   15,000                   15,000
     Accounting                                                             18,000                   18,000
     Other:
                                                           Subtotal        302,000                  302,000             -                    -                     -
     LOCAL GOVERNMENT FEES                                                                                       LOCAL GOVERNMENT FEES
     Building Permits                                                      138,973                  138,973
     Impact Fees                                                           115,981                  115,981
     Water Tap Fees    waived?                                              75,000                   75,000
     Sewer Tap Fees    waived?                                              75,000                   75,000
                                                           Subtotal        404,954                  404,954             -                    -                     -
     PERMANENT FINANCING FEES                                                                                   PERMANENT FINANCING FEES
     Permanent Loan Fees                                                    29,500
     Permanent Loan Legal Fees                                               7,500
     Title and Recording Fees                                               20,000
     As-Built Survey                                                        11,250                   11,250
     Bond Issuance Premium
     Cost of Issuance / Underwriter's Discount
     Other:
                                                           Subtotal         68,250                   11,250             -                    -                     -




2009 OAH Funding Application - April                                        Part IV-Uses of Funds                                                            21 of 1061
Georgia Department of Community Affairs                                      2009 Funding Application                                          Office of Affordable Housing

                                          PART FOUR - USES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                     CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS

     DEVELOPMENT BUDGET                                                                                                                                     Amortizable or
I.                                                                                           New Construction      Acquisition       Rehabilitation
                                                                                                                                                           Non-Depreciable
                                                                                                  Basis              Basis              Basis
                                                                         TOTAL COST                                                                            Basis

     DCA-RELATED COSTS                                                                                                   DCA-RELATED COSTS
     DCA HOME Loan Pre-Application Fee
     Tax Credit Application Fee                                                  4,000
     DCA Waiver Fees                                                               -
     LIHTC Allocation Processing Fee                            66,500          66,500
     LIHTC Compliance Monitoring Fee                            73,500          73,500
     DCA Front End Analysis Fee (HOME, when ID of Interest)                      3,000
     DCA Final Inspection Fee                                                    3,000
     Other:
                                                              Subtotal         150,000                                                                                 -

     EQUITY COSTS                                                                                                           EQUITY COSTS
     Partnership Organization Fees
     Tax Credit Legal Opinion
     Syndicator Legal Fees
     Other:
                                                              Subtotal             -                                                                                   -
     DEVELOPER'S FEE                                                                                                      DEVELOPER'S FEE
     Developer's Overhead
     Consultant's Fee
     Developer's Fee                                                         1,500,000             1,500,000
                                                              Subtotal       1,500,000             1,500,000                 -                   -                     -
     START-UP AND RESERVES                                                                                            START-UP AND RESERVES
     Marketing                                                                  35,000
     Rent-Up Reserves                                                          100,931
     Operating Deficit Reserve:                                                219,674
     Replacement Reserve
     Furniture, Fixtures and Equipment                                         175,000                 175,000
     Other:
                                                              Subtotal         530,605                 175,000               -                   -                     -
     OTHER COSTS                                                                                                            OTHER COSTS
     Relocation
     Other:
     Other:
                                                              Subtotal             -                       -                 -                   -                     -

     TOTAL DEVELOPMENT COST                                                 12,745,301            11,407,696                 -                   -                     -

     Total Per Unit Cost Limitation:                                      13,635,000        TDC Breakdown:       Per Unit                  121,383.82
     Per Unit Cost Limitation Waiver Amount:                                  0                                  Per Square Foot               132.23




2009 OAH Funding Application - April                                           Part IV-Uses of Funds                                                             22 of 1061
Georgia Department of Community Affairs                                               2009 Funding Application                                                Office of Affordable Housing

                                                PART FOUR - USES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                              CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
II.    TAX CREDIT CALCULATION - BASIS METHOD                                                            New Construction    4% Acquisition         Rehabilitation
                                                                                                             Basis              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
       Total Subtractions From Basis:                                                                            0                                        0

       Eligible Basis Calculation
       Total Basis                                                                                          11,407,696            0                       0
       Less Total Subtractions From Basis (see above)                                                            0                                        0
       Total Eligible Basis                                                                                 11,407,696            0                       0
       Eligible Basis Adjustment for DDA/QCT Location or State Designated 30% Basis Boost                    100.00%
       Adjusted Eligible Basis                                                                              11,407,696            0                       0
       Multiply Adjusted Eligible Basis by Applicable Fraction                                               100.00%           100.00%                100.00%
       Qualified Basis                                                                                      11,407,696            0                       0
       Multiply Qualified Basis by Applicable Credit Percentage                                               9.00%
       Maximum Tax Credit Amount                                                                            1,026,693             0                       0
       Total Basis Method Tax Credit Calculation                                                                              1,026,693

III.   TAX CREDIT CALCULATION - GAP METHOD
       Equity Gap Calculation                                                                                                Maximum TDC:

       Total Development Cost (<=DCA Wvr or PUCL; explain in Comments if TDC > PUCL w/o DCA Wvr Approval)     12,745,301      12,745,301
       Subtract Non-Tax Credit (excluding deferred fee) Source of Funds                                        2,950,000
       Equity Gap                                                                                              9,795,301
       Divide Equity Gap by 10                                                                                       / 10
       Annual Equity Required                                                                                    979,530              Federal                   State
       Enter Final Federal and State Equity Factors (not including GP contribution)                              1.0000       =        0.7500        +         0.2500
       Total Gap Method Tax Credit Calculation                                                                   979,530


IV.    TAX CREDIT ALLOCATION                                                                                     950,000          Lower credit amount, if requested:




2009 OAH Funding Application - April                                                     Part IV-Uses of Funds                                                                  23 of 1061
Georgia Department of Community Affairs                                                                          2009 Funding Application                                                 Office of Affordable Housing

                                                              PART FOUR - USES OF FUNDS - 2009-039 Heritage at McDonough, McDonough, Henry County

                                                                              CERTIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS
V.     APPLICANT COMMENTS AND CLARIFICATIONS                                                                                                          VI.   DCA COMMENTS - DCA USE ONLY
* To all applicants: please provide methodology for determining applicable construction hard costs. The construction cost estimate is based on the
per unit cost from a detailed actual budget and bids from subcontractors for a similar development that was designed by the same architect and will
be built by the same construction company for a comparable senior development. The detailed budget is attached.




2009 OAH Funding Application - April                                                                                 Part IV-Uses of Funds                                                                  24 of 1061
Georgia Department of Community Affairs                             2009 Funding Application                                            Office of Affordable Housing




                       PART FIVE - UTILITY ALLOWANCES - 2009-039 Heritage at McDonough, McDonough, Henry County

   I. UTILITY ALLOWANCE SCHEDULE #1                      Source of Utility Allowances            DCA
                                                         Date of Utility Allowances              June 1 2009                Structure MF
                                                           Paid By (check one)                   Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
      Utility              Fuel                             Tenant     Owner                        0           1           2          3          4
      Heat                 Electric Heat Pump                 X                                                 7           8
      Air Conditioning     Electric                           X                                                29          37
      Cooking              Electric                           X                                                 8          11
      Hot Water            Electric                           X                                                25          33
      Lights               Electric                           X                                                24          30
      Water & Sewer        Submetered?      Yes                          X
      Refuse Collection                                                  X
      Total Utility Allowance by Unit Size                                                            0           93           119            0           0

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

      *Elderly allowances cannot be used except at properties that have 100% HUD PBRA and satisfy the DCA definition of "elderly"
      APPLICANT COMMENTS AND CLARIFICATIONS


      DCA COMMENTS




2009 OAH Funding Application - April                                Part V-Utility Allowances                                                      page 25 of 1061
     Georgia Department of Community Affairs                                       2009 Funding Application                                                  Office of Affordable Housing
                                     PART SIX - PROJECTED REVENUES & EXPENSES - 2009-039 Heritage at McDonough, McDonough, Henry County

I. RENT SCHEDULE            DO NOT cut, copy or paste cells in this tab. Assign a Rent Type of "N/A-CS" to Common Space units. Do NOT include PHA operating subsidy in PBRA Source.

    HOME projects - Fixed or Floating units:             Floating HOME projects must indicate "Yes" in the "HOME Unit" column in the chart below to designate HOME units.
    Are 100% of units HUD PBRA?                             No

        Rent       Nbr of   No. of   Unit      Unit      HOME      Max Gross     Proposed      Utility      PBRA          Monthly Net Rent        Employee       Building        Type of
        Type       Bdrms    Baths    Count     Area       Unit      Rent Limit   Gross Rent   Allowance    Provider     Per Unit       Total        Unit           Type          Activity
       50% AMI        1        1.0    4         722        No          667          443         93                            350         1,400      No          3+ Story    New Construction
       50% AMI        2        2.0    4        1,103       No          801          569         119                           450         1,800      No          3+ Story    New Construction
       50% AMI        1        1.0    4         722        No          667          628         93                            535         2,140      No          3+ Story    New Construction
       50% AMI        2        2.0    4        1,103       No          801          754         119                           635         2,540      No          3+ Story    New Construction
       60% AMI        1        1.0    43        722        No          801          668         93                            575        24,725      No          3+ Story    New Construction
       60% AMI        2        2.0    46       1,103       No          961          794         119                           675        31,050      No          3+ Story    New Construction
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
                                                                                                                              -             -
0                           TOTAL      105      96,384                                                          MONTHLY TOTAL            63,655
                                                                                                                 ANNUAL TOTAL           763,860




     2009 OAH Funding Application - April                                         Part VI-Revenues & Expenses                                                                  26 of 1061
    Georgia Department of Community Affairs                                             2009 Funding Application                                       Office of Affordable Housing
                                       PART SIX - PROJECTED REVENUES & EXPENSES - 2009-039 Heritage at McDonough, McDonough, Henry County

II. UNIT SUMMARY
   Units:                                                                 Efficiency       1BR         2BR           3BR   4BR   Total
                    Low-Income                             60% AMI              -               43          46       -     -        89 (Include manager units that are        0
                                                           50% AMI              -                8           8       -     -        16 income restricted)                     0
                                                           Total                -               51          54       -     -      105                                         0
                 NSP                                       120% AMI             -           -           -            -     -      -                                           0
                 Unrestricted                                                   -           -           -            -     -      -                                           0
NOTE TO
APPLICANTS: If Total Residential                                                -               51          54       -     -      105                                         0
the numbers      Common Space                                                   -           -           -            -     -      -    (no rent to be charged)                0
compiled in this Total                                                          -               51          54       -     -      105                                         0
Summary do not
appear to match HOME                  Floating             60% AMI              -           -           -            -     -      -                                           0
what was         (included in LI above)                    50% AMI              -           -           -            -     -      -                                           0
entered in the                                             Total                -           -           -            -     -      -                                           0
Rent Chart
above, please    NSP                                       60% AMI              -           -           -            -     -      -                                           0
verify that all  (included in LI above)                    50% AMI              -           -           -            -     -      -                                           0
applicable                                                 Total                -           -           -            -     -      -                                           0
columns were
completed in the PBRA-Assisted                             60% AMI              -           -           -            -     -      -                                           0
rows used        (included in LI above)                    50% AMI              -           -           -            -     -      -                                           0
above.
                                                           Total                -           -           -            -     -      -                                           0
                    Type of Construction Activity
                                      New Construction     Low Inc              -               51          54       -     -      105                                         0
                                                           NSP 120%             -           -           -            -     -      -
                                                           Unrestricted         -           -           -            -     -      -                                           0
                                                           Total + CS           -               51          54       -     -      105                                         0
                                      Acq/Rehab            Low Inc              -           -           -            -     -      -                                           0
                                                           NSP 120%             -           -           -            -     -      -
                                                           Unrestricted         -           -           -            -     -      -                                           0
                                                           Total + CS           -           -           -            -     -      -                                           0
                                      Substantial Rehab Only
                                                           Low Inc              -           -           -            -     -      -                                           0
                                                           NSP 120%             -           -           -            -     -      -
                                                           Unrestricted         -           -           -            -     -      -                                           0
                                                           Total + CS           -           -           -            -     -      -                                           0
                                      Adaptive Reuse                                                                              -
                                      Historic Rehab                                                                              -
                    Building Type:
                                      Multifamily                               -               51          54       -     -      105                                         0
                                      SF Detached                               -           -           -            -     -      -                                           0
                                      Townhome                                  -           -           -            -     -      -                                           0
                                      Duplex                                    -           -           -            -     -      -                                           0
                                      Manufactured home                         -           -           -            -     -      -                                           0




    2009 OAH Funding Application - April                                               Part VI-Revenues & Expenses                                                       27 of 1061
    Georgia Department of Community Affairs                                                  2009 Funding Application                                                                Office of Affordable Housing
                                          PART SIX - PROJECTED REVENUES & EXPENSES - 2009-039 Heritage at McDonough, McDonough, Henry County

II. UNIT SUMMARY (continued)
  Unit Square Footage:
                Low Income                                 60% AMI                  -         31,046        50,738              -              -         81,784                                             0
                                                           50% AMI                  -          5,776         8,824              -              -         14,600                                             0
                                                           Total                    -         36,822        59,562              -              -         96,384                                             0
                    NSP                                    120% AMI                 -            -             -                -              -            -                                               0
                    Unrestricted                                                    -            -             -                -              -            -                                               0
                    Total Residential                                               -         36,822        59,562              -              -         96,384                                             0
                    Common Space                                                    -            -             -                -              -            -                                               0
                    Total                                                           -         36,822        59,562              -              -         96,384                                             0
III. ANCILLARY AND OTHER INCOME (annual amounts)

  Ancillary Income                                                             15,277         Laundry, vending, app fees, etc. Will be exactly 2% of potential gross income.

  Other Income (OI) by Year:

  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:
  USDA 538 Loan Interest Credit (fill in Part III A tab)                   0            0              0             0              0              0              0              0                  0                    0
  Property Tax Abatement
  Other:
                    Total OI NOT 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:
  USDA 538 Loan Interest Credit (fill in Part III A tab)                   0            0              0             0              0              0              0              0                  0                    0
  Property Tax Abatement
  Other:
                    Total OI NOT 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:
  USDA 538 Loan Interest Credit (fill in Part III A tab)                   0            0              0             0              0              0              0              0                  0                    0
  Property Tax Abatement
  Other:
                    Total OI NOT in Mgt Fee                            -            -              -             -              -              -              -              -                  -                    -




    2009 OAH Funding Application - April                                                    Part VI-Revenues & Expenses                                                                                 28 of 1061
      Georgia Department of Community Affairs                                                                        2009 Funding Application                                             Office of Affordable Housing
                                                   PART SIX - PROJECTED REVENUES & EXPENSES - 2009-039 Heritage at McDonough, McDonough, Henry County

IV. ANNUAL OPERATING EXPENSE BUDGET
    On-Site Staff Costs                                                                                         On-Site Security                                           Taxes and Insurance
    Management Salaries & Benefits                                                99,750                        Contracted Guard                                           Real Estate Taxes (Gross)*                 84,000
    Maintenance Salaries & Benefits                                                                             Electronic Alarm System                                    Insurance**                                23,625
    Support Services Salaries & Benefits                                                                                        Subtotal                           0       Other (describe here)
    Other (describe here)                                                                                                                                                     Subtotal                               107,625
                       Subtotal                                                   99,750

    On-Site Office Costs                                                                                        Professional Services                                      Management Fee:                            43,476
    Office Supplies & Postage                                                     12,750                        Legal                                           3,000           445       per unit per year
    Telephone                                                                     12,000                        Accounting                                      6,000           37        per unit per month
    Travel                                                                                                      Advertising                                    12,000
    Leased Furniture / Equipment                                                                                Other (describe here)                                      (Management Fee is from Pro Forma, Section 1,
    Activities Supplies / Overhead Cost                                           12,000                                              Subtotal                 21,000      Operating Assumptions)
    Other (describe here)
                       Subtotal                                                   36,750

    Maintenance Expenses                                                                                        Utilities                                                  TOTAL OPERATING EXPENSES
    Contracted Repairs                                                             2,000                        Electricity                                    25,000          3,845      per unit                   403,724
    General Repairs                                                                7,923                        Natural Gas
    Grounds Maintenance                                                           10,000                        Water & Sewer                                  21,000
    Extermination                                                                 10,500                        Trash Collection                               10,500      Replacement Reserve                        25,200
    Maintenance Supplies                                                           1,200                        Other (describe here)                                      Enter desired per unit amount:                240
    Elevator Maintenance                                                           2,000                                              Subtotal                 56,500
    Redecorating                                                                   5,000
    Other (describe here)                                                                                                                                                  TOTAL ANNUAL EXPENSES
                       Subtotal                                                   38,623                                                                                                                             428,924
V. APPLICANT COMMENTS AND CLARIFICATIONS                                                                                                              VI.   DCA COMMENTS
*To all Applicants: Real estate taxes shown in Operating Budget should be prior to any tax abatement. Please provide methodology for real
estate tax calculation. The basis for the real estate tax calculation is based upon a methodology used by a consultant that specializes in property
tax appeals that utilizes comparable property valuation and the current millage rate for Henry County. A copy of their letter describing the
methodolgy and conclusion is attached.
**To all Applicants: Please provide methodology for insurance calculation. The insurance estimate is based on a quote that was provided by an
insurance broker who handles all of the developer's porfolio of over 4,000 units. A copy of the estimate is attached.




      2009 OAH Funding Application - April                                                                         Part VI-Revenues & Expenses                                                                 29 of 1061
  Georgia Department of Community Affairs                                    2009 Funding Application                                                        Office of Affordable Housing
                             PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, McDonough, Henry County
I. OPERATING ASSUMPTIONS                               Please Note:                 Green-shaded cells are unlocked for your use and contain references/formulas that can be overwritten.
Revenue Growth            2.00%                        Asset Management Fee Amount                             7,500         Yr 1 Asset Mgt Fee Percentage of EGI:                  1.04%
Expense Growth            3.00%                        Incentive Management Fee Amount                                       Yr 1 Incent Mgt Fee Percentage of EGI:
Reserves Growth           3.00%                        Property Mgt Fee Growth Rate (choose one):                            Yr 1 Prop Mgt Fee Percentage of EGI:                   6.00%
Vacancy & Collection Loss 7.00%                           Expense Growth Rate (3.00%)                                    --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit    2.00%                           Percent of Effective Gross Income                       Yes --> If Yes, indicate actual percentage:                          6.000%
II. OPERATING PRO FORMA
Year                                  1            2               3                4                5                6                7                8                9              10
Revenues                       763,860      779,137         794,720          810,614          826,827          843,363          860,230          877,435          894,984         912,883
Ancillary Income                15,277       15,583          15,894           16,212           16,537           16,867           17,205           17,549           17,900          18,258
Vacancy                        (54,540)     (55,630)        (56,743)         (57,878)         (59,035)         (60,216)         (61,420)         (62,649)         (63,902)        (65,180)
Other Income (OI)                  -            -               -                -                -                -                -                -                -               -
OI Not Subject to Mgt Fee          -            -               -                -                -                -                -                -                -               -
Expenses less Mgt Fee         (360,248)    (371,055)       (382,187)        (393,653)        (405,462)        (417,626)        (430,155)        (443,060)        (456,351)       (470,042)
Property Mgmt                  (43,476)     (44,345)        (45,232)         (46,137)         (47,060)         (48,001)         (48,961)         (49,940)         (50,939)        (51,958)
Reserves                       (25,200)     (25,956)        (26,735)         (27,537)         (28,363)         (29,214)         (30,090)         (30,993)         (31,923)        (32,880)
NOI                            295,674      297,733         299,718          301,622          303,443          305,173          306,809          308,342          309,769         311,081
                                   -            -               -                -                -                -                -                -                -               -
                                   -            -               -                -                -                -                -                -                -               -
D/S Mortgage A                (255,298)    (255,298)       (255,298)        (255,298)        (255,298)        (255,298)        (255,298)        (255,298)        (255,298)       (255,298)
D/S Mortgage B                     -            -               -                -                -                -                -                -                -               -
D/S Other Source                   -            -               -                -                -                -                -                -                -               -
D/S Other Source                   -            -               -                -                -                -                -                -                -               -
DCA HOME Cash Resrv.
Asset Mgmt                      (7,500)      (7,500)          (7,500)          (7,500)         (7,500)          (7,500)          (7,500)          (7,500)          (7,500)          (7,500)
DDF                            (30,900)     (30,900)         (30,900)         (30,900)        (30,900)         (30,900)         (30,900)         (30,900)         (30,900)         (30,890)
Incentive Mgmt                     -            -                -                -               -                -                -                -                -                -
Cash Flow                        1,975        4,035            6,019            7,924           9,744           11,475           13,110           14,644           16,070           17,393


DCR First Mortgage                1.16         1.17             1.17             1.18             1.19             1.20             1.20             1.21             1.21             1.22
DCR Second Mortgage
DCR Other Source
DCR Other Source
Oper Exp Coverage Ratio          1.79          1.78            1.76             1.75             1.73             1.72             1.70            1.69             1.67             1.66
                                  -             -               -                -                -                -                -               -                -                -
Mortgage A Balance          2,934,558     2,917,810       2,899,644        2,879,942        2,858,572        2,835,394        2,810,255       2,782,989        2,753,415        2,721,340
Mortgage B Balance
Other Source Balance
Other Source Balance
DDF Balance                   278,090      247,190          216,290          185,390          154,490          123,590           92,690           61,790           30,890               -

  2009 OAH Funding Application - April                                           Part VII-Pro Forma                                                                                 30 of 1061
  Georgia Department of Community Affairs                                    2009 Funding Application                                                        Office of Affordable Housing
                             PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, McDonough, Henry County
I. OPERATING ASSUMPTIONS                               Please Note:                 Green-shaded cells are unlocked for your use and contain references/formulas that can be overwritten.
Revenue Growth            2.00%                        Asset Management Fee Amount                             7,500         Yr 1 Asset Mgt Fee Percentage of EGI:                  1.04%
Expense Growth            3.00%                        Incentive Management Fee Amount                                       Yr 1 Incent Mgt Fee Percentage of EGI:
Reserves Growth           3.00%                        Property Mgt Fee Growth Rate (choose one):                            Yr 1 Prop Mgt Fee Percentage of EGI:                   6.00%
Vacancy & Collection Loss 7.00%                           Expense Growth Rate (3.00%)                                    --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit    2.00%                           Percent of Effective Gross Income                       Yes --> If Yes, indicate actual percentage:                          6.000%
II. OPERATING PRO FORMA
Year                                11           12              13               14               15               16               17              18               19               20
Revenues                       931,141      949,764         968,759          988,134        1,007,897        1,028,055        1,048,616       1,069,588        1,090,980        1,112,800
Ancillary Income                18,623       18,995          19,375           19,763           20,158           20,561           20,972          21,392           21,820           22,256
Vacancy                        (66,483)     (67,813)        (69,169)         (70,553)         (71,964)         (73,403)         (74,871)        (76,369)         (77,896)         (79,454)
Other Income (OI)                  -            -               -                -                -                -                -               -                -                -
OI Not Subject to Mgt Fee          -            -               -                -                -                -                -               -                -                -
Expenses less Mgt Fee         (484,143)    (498,667)       (513,628)        (529,036)        (544,907)        (561,255)        (578,092)       (595,435)        (613,298)        (631,697)
Property Mgmt                  (52,997)     (54,057)        (55,138)         (56,241)         (57,365)         (58,513)         (59,683)        (60,877)         (62,094)         (63,336)
Reserves                       (33,867)     (34,883)        (35,929)         (37,007)         (38,117)         (39,261)         (40,439)        (41,652)         (42,901)         (44,188)
NOI                            312,274      313,339         314,270          315,060          315,701          316,185          316,503         316,648          316,610          316,380
                                   -            -               -                -                -                -                -               -                -                -
                                   -            -               -                -                -                -                -               -                -                -
D/S Mortgage A                (255,298)    (255,298)       (255,298)        (255,298)        (255,298)        (255,298)        (255,298)       (255,298)        (255,298)        (255,298)
D/S Mortgage B                     -            -               -                -                -                -                -               -                -                -
D/S Other Source                   -            -               -                -                -                -                -               -                -                -
D/S Other Source                   -            -               -                -                -                -                -               -                -                -
DCA HOME Cash Resrv.
Asset Mgmt                     (7,500)      (7,500)           (7,500)         (7,500)          (7,500)          (7,500)          (7,500)          (7,500)          (7,500)          (7,500)
DDF                               -            -                 -               -                -                -                -                -                -                -
Incentive Mgmt                    -            -                 -               -                -                -                -                -                -                -
Cash Flow                      49,475       50,540            51,472          52,261           52,903           53,386           53,705           53,849           53,812           53,582


DCR First Mortgage                1.22         1.23             1.23             1.23             1.24             1.24             1.24             1.24             1.24             1.24
DCR Second Mortgage
DCR Other Source
DCR Other Source
Oper Exp Coverage Ratio          1.64          1.63            1.62             1.60             1.59             1.57             1.56            1.55             1.53             1.52
                                  -             -               -                -                -                -                -               -                -                -
First Mortgage Balance      2,686,550     2,648,817       2,607,890        2,563,501        2,515,356        2,463,137        2,406,500       2,345,070        2,278,443        2,206,178
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance                        -            -                 -                -                -               -                -                -                -                -

  2009 OAH Funding Application - April                                           Part VII-Pro Forma                                                                                 31 of 1061
  Georgia Department of Community Affairs                                   2009 Funding Application                                                        Office of Affordable Housing
                             PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, McDonough, Henry County
I. OPERATING ASSUMPTIONS                              Please Note:                 Green-shaded cells are unlocked for your use and contain references/formulas that can be overwritten.
Revenue Growth            2.00%                       Asset Management Fee Amount                             7,500         Yr 1 Asset Mgt Fee Percentage of EGI:                  1.04%
Expense Growth            3.00%                       Incentive Management Fee Amount                                       Yr 1 Incent Mgt Fee Percentage of EGI:
Reserves Growth           3.00%                       Property Mgt Fee Growth Rate (choose one):                            Yr 1 Prop Mgt Fee Percentage of EGI:                   6.00%
Vacancy & Collection Loss 7.00%                          Expense Growth Rate (3.00%)                                    --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit    2.00%                          Percent of Effective Gross Income                       Yes --> If Yes, indicate actual percentage:                          6.000%
II. OPERATING PRO FORMA
Year                               21           22              23               24               25               26               27              28               29               30
Revenues                    1,135,056    1,157,757       1,180,912        1,204,530        1,228,621        1,253,193        1,278,257       1,303,822        1,329,899        1,356,497
Ancillary Income               22,701       23,155          23,618           24,091           24,572           25,064           25,565          26,076           26,598           27,130
Vacancy                       (81,043)     (82,664)        (84,317)         (86,003)         (87,724)         (89,478)         (91,268)        (93,093)         (94,955)         (96,854)
Other Income (OI)                 -            -               -                -                -                -                -               -                -                -
OI Not Subject to Mgt Fee         -            -               -                -                -                -                -               -                -                -
Expenses less Mgt Fee        (650,648)    (670,167)       (690,272)        (710,981)        (732,310)        (754,279)        (776,908)       (800,215)        (824,221)        (848,948)
Property Mgmt                 (64,603)     (65,895)        (67,213)         (68,557)         (69,928)         (71,327)         (72,753)        (74,208)         (75,693)         (77,206)
Reserves                      (45,514)     (46,879)        (48,286)         (49,734)         (51,226)         (52,763)         (54,346)        (55,976)         (57,656)         (59,385)
NOI                           315,949      315,306         314,442          313,345          312,005          310,410          308,548         306,406          303,972          301,233
                                  -            -               -                -                -                -                -               -                -                -
                                  -            -               -                -                -                -                -               -                -                -
D/S Mortgage A               (255,298)    (255,298)       (255,298)        (255,298)        (255,298)        (255,298)        (255,298)       (255,298)        (255,298)        (255,298)
D/S Mortgage B                    -            -               -                -                -                -                -               -                -                -
D/S Other Source                  -            -               -                -                -                -                -               -                -                -
D/S Other Source                  -            -               -                -                -                -                -               -                -                -
DCA HOME Cash Resrv.
Asset Mgmt                     (7,500)      (7,500)          (7,500)         (7,500)          (7,500)          (7,500)          (7,500)          (7,500)          (7,500)          (7,500)
DDF                               -            -                -               -                -                -                -                -                -                -
Incentive Mgmt                    -            -                -               -                -                -                -                -                -                -
Cash Flow                      53,151       52,508           51,644          50,547           49,207           47,611           45,750           43,608           41,173           38,435


DCR First Mortgage                1.24        1.24             1.23             1.23             1.22             1.22             1.21             1.20             1.19             1.18
DCR Second Mortgage
DCR Other Source
DCR Other Source
Oper Exp Coverage Ratio          1.51         1.49            1.48             1.47             1.45             1.44             1.43            1.41             1.40             1.39
                                  -            -               -                -                -                -                -               -                -                -
First Mortgage Balance      2,127,798    2,042,786       1,950,581        1,850,574        1,742,105        1,624,458        1,496,856       1,358,457        1,208,348        1,045,538
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance                        -           -                 -                -                -               -                -                -                -                -

  2009 OAH Funding Application - April                                          Part VII-Pro Forma                                                                                 32 of 1061
  Georgia Department of Community Affairs                                    2009 Funding Application                                                        Office of Affordable Housing
                             PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, McDonough, Henry County
I. OPERATING ASSUMPTIONS                               Please Note:                 Green-shaded cells are unlocked for your use and contain references/formulas that can be overwritten.
Revenue Growth            2.00%                        Asset Management Fee Amount                             7,500         Yr 1 Asset Mgt Fee Percentage of EGI:                  1.04%
Expense Growth            3.00%                        Incentive Management Fee Amount                                       Yr 1 Incent Mgt Fee Percentage of EGI:
Reserves Growth           3.00%                        Property Mgt Fee Growth Rate (choose one):                            Yr 1 Prop Mgt Fee Percentage of EGI:                   6.00%
Vacancy & Collection Loss 7.00%                           Expense Growth Rate (3.00%)                                    --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit    2.00%                           Percent of Effective Gross Income                       Yes --> If Yes, indicate actual percentage:                          6.000%
II. OPERATING PRO FORMA
Year                               31            32              33               34               35
Revenues                    1,383,627     1,411,299       1,439,525        1,468,316        1,497,682
Ancillary Income               27,673        28,226          28,791           29,366           29,954
Vacancy                       (98,791)     (100,767)       (102,782)        (104,838)        (106,934)
Other Income (OI)
OI Not Subject to Mgt Fee
Expenses less Mgt Fee         (874,416)    (900,649)       (927,668)        (955,498)        (984,163)
Property Mgmt                  (78,750)     (80,326)        (81,932)         (83,571)         (85,242)
Reserves                       (61,167)     (63,002)        (64,892)         (66,839)         (68,844)
NOI                            298,175      294,781         291,041          286,936          282,452
                                   -            -               -                -                -
                                   -            -               -                -                -
D/S Mortgage A                (255,298)    (255,298)       (255,298)        (255,298)        (255,298)
D/S Mortgage B                     -            -               -                -                -
D/S Other Source                   -            -               -                -                -
D/S Other Source                   -            -               -                -                -
DCA HOME Cash Resrv.
Asset Mgmt                     (7,500)      (7,500)           (7,500)         (7,500)          (7,500)
DDF                               -            -                 -               -                -
Incentive Mgmt                    -            -                 -               -                -
Cash Flow                      35,376       31,983            28,243          24,138           19,653


DCR First Mortgage                1.17         1.15             1.14             1.12             1.11
DCR Second Mortgage
DCR Other Source
DCR Other Source
Oper Exp Coverage Ratio          1.38         1.36             1.35             1.34              1.33
                                  -            -                -                -                 -
First Mortgage Balance        868,951      677,423          469,688          244,376                 (0)
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance                        -            -                 -                -                -

  2009 OAH Funding Application - April                                           Part VII-Pro Forma                                                                                 33 of 1061
  Georgia Department of Community Affairs                              2009 Funding Application                                                        Office of Affordable Housing
                             PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, McDonough, Henry County
I. OPERATING ASSUMPTIONS                         Please Note:                 Green-shaded cells are unlocked for your use and contain references/formulas that can be overwritten.
Revenue Growth            2.00%                  Asset Management Fee Amount                             7,500         Yr 1 Asset Mgt Fee Percentage of EGI:                  1.04%
Expense Growth            3.00%                  Incentive Management Fee Amount                                       Yr 1 Incent Mgt Fee Percentage of EGI:
Reserves Growth           3.00%                  Property Mgt Fee Growth Rate (choose one):                            Yr 1 Prop Mgt Fee Percentage of EGI:                   6.00%
Vacancy & Collection Loss 7.00%                     Expense Growth Rate (3.00%)                                    --> If Yes, indicate Yr 1 Mgt Fee Amt:
Ancillary Income Limit    2.00%                     Percent of Effective Gross Income                       Yes --> If Yes, indicate actual percentage:                          6.000%
II. OPERATING PRO FORMA
III. Applicant Comments & Clarifications                                                           IV. DCA Comments




  2009 OAH Funding Application - April                                     Part VII-Pro Forma                                                                                 34 of 1061
      Georgia Department of Community Affairs                             2009 Funding Application                                   Office of Affordable Housing
                                         PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                            DCA
       Preliminary Rating: Incomplete                                                                                                Applicant Response
                                                                                                                                                            USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
DCA's Comments / Approval Conditions:
1.)

2.)

3.)

4.)

5.)

6.)

7.)

8.)

9.)

10.)

11.)

12.)

13.)

14.)

15.)

16.)

17.)

18.)

19.)

20.)




      2009 OAH Funding Application - April                                Part VIII-Threshold Criteria                                                 35 of 1061
    Georgia Department of Community Affairs                                                          2009 Funding Application                                                                      Office of Affordable Housing
                                                PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                                 DCA
     Preliminary Rating: Incomplete                                                                                                                                                                Applicant Response
                                                                                                                                                                                                                                 USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
1    Project Feasibility, Viability Analysis, and Conformance with Plan                                                                                                                                     Pass?

     A. Equity Commitment                                                                                                                                                                                       A.
         1) Has the applicant closed an equity partnership with the proposed Equity provider within the last 24 months?                                                                                         1)    Yes
         2) How many tax credit deals have you closed with this equity provider within the past five years?                                                                                                     2)     5
     B. Debt Commitment                                                                                                                                                                                         B.
         1) a) Are any commitments submitted as “Under Consideration” which need final approval before July 31, 2009?                                                                                          1a)     No
            b) If yes, then state the applicable financial assistance/funding:                                                 << Select >>                                                                    1b)
         2) Has the applicant closed a loan with the proposed lender within the last 24 months?                                                                                                                 2)    Yes
         3) How many loans have you closed with this lender within the past five years?                                                                                                                         3)     3
    Applicant's comments regarding this section of Threshold:
The applicant has not yet selected the equity provider, but is considering Boston Capital Partners.
The debt commitment is provided by Wells Fargo/Wachovia Bank.



     DCA's Comments:




2    Tenancy Characteristics                                                                                                                                                                                Pass?

        This project is designated as:                                                                                         Senior (HFOP)
    Applicant's comments regarding this section of Threshold:                                                                  DCA's Comments:
The property will be resricted to persons 55 years or older.


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 selected from categories listed in QAP for Family projects, or at least 2 basic ongoing services selected from categories listed in QAP 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) After school or adult day care located on site                                                                                                                                                        3)   No
        4) Other service approved by DCA                                                                                                     4)
    Applicant's comments regarding this section of Threshold:
The required services will be provided through NuRock Management and its related services program known as BreakOut.




     DCA's Comments:




    2009 OAH Funding Application - April                                                               Part VIII-Threshold Criteria                                                                                         36 of 1061
    Georgia Department of Community Affairs                                                           2009 Funding Application                                                                 Office of Affordable Housing
                                                   PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                        DCA
     Preliminary Rating: Incomplete                                                                                                                                                            Applicant Response
                                                                                                                                                                                                                        USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
4    Market Feasibility                                                                                                                                                                              Pass?

      A.   Provide the name of the market study analyst used by applicant:                                                                                      A. John Wall and Associates
      B.   Project absorption period                                                                                                                            B. 14 to 16 months
      C.   Stabilization period                                                                                                                                 C. 16-19 months
      D.   Overall capture rate for credit units                                                                                                                D. 23%
      E.   List DCA tax credit projects (inside a 2-mile radius for urban or 10-mile radius for rural) for years 2004 - 2008. Include both DCA project number and project name in each case.            E.
               Grier Manor (Timber Chase 2004-037)




      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 and tax credit value?              1)
           2) Does the “as is” value delineate the value of the land and building?                                                                                                                      2)
           3) Does the total hard cost of the project exceed 90% of the as completed unencumbered appraised value of the property?                                                                      3)
      C. Has the Ownership Entity owned the property for less than three (3) years?                                                                                                                     C.   Yes
      D. Has the property been:
           1) Rezoned?                                                                                                                                                                                  1)   Yes
           2) Subdivided?                                                                                                                                                                               2)    No
        3) Modified?                                                                                                                                                                                    3)    No
    Applicant's comments regarding this section of Threshold:
The property owner is the Bank of Soperton, which took ownership of the property through deed in lieu of foreclosure.




     DCA's Comments:




    2009 OAH Funding Application - April                                                              Part VIII-Threshold Criteria                                                                                 37 of 1061
    Georgia Department of Community Affairs                                                        2009 Funding Application                                                             Office of Affordable Housing
                                                PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                  DCA
     Preliminary Rating: Incomplete                                                                                                                                                     Applicant Response
                                                                                                                                                                                                                  USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
6    Environmental Requirements                                                                                                                                                               Pass?

     Did the Applicant receive a DCA Noise Waiver?                                                                                                                                                     No
      A. Name of Consultant that prepared the Phase I Assessment:                                                                                           A. Sailors Engineering
     B. Was the original Phase I Environmental Report for the subject property prepared in accordance with ASTM 1527-05?                                                                         B.   Yes
     C. Is a Phase II Environmental Report included?                                                                                                                                             C.    No
     D. Was a Noise Assessment performed?                                                                                                                                                        D.   Yes
         1) If "Yes", provide the maximum noise level on site in decibels:                                                                                                                            61.5
         If "Yes", what are the contributing factors in decreasing order of magnitude?
         Norfolk Southern railroad tracks are located over 1,500 feet from the property and there is vegatation, varying topography and buildings between the site and the tracks.
      E. Is the subject property located in a:
          1) Brownfield?                                                                                                                                                                         1)    No
          2) 100 year flood plain / floodway?                                                                                                                                                    2)    No
              If "Yes", percentage of site that is within a floodplain:
              If "Yes", will any development occur in the floodplain?
                  If "Yes", is documentation provided as per Threshold criteria?
          3) Wetlands?                                                                                                                                                                           3)    No
              If "Yes", enter the percentage of the site that is a wetlands:
              If "Yes", will any development occur in the wetlands?
                  If "Yes", is documentation provided as per Threshold criteria?
          4) State Waters/Streams area?                                                                                                                                                          4)    No
      F. Has the Environmental Professional identified any of the following on the subject property:
          1) Asbestos?                                  No                                  3) PCB's?                 No                                    5) Lead in water?      No
          2) Lead-based paint?                          No                                  4) Mold?                  No                                    6) Radon?              No
          7) Other (e.g., endangered species, Native American burial grounds, etc.):                            N/A
     G. Is all additional environmental documentation required for a HOME or NSP application included?                                                                                           G.   Yes
         1) Eight-Step Process completed for Wetlands and/or Floodplains?                                                                                                                        1)   No
         2) Has Applicant/PE completed the HOME and HUD Environmental Questionnaire?                                                                                                             2)   Yes
         3) Owner agrees that they must refrain from undertaking any activities that could have an adverse effect on the subject property?                                                       3)   Yes
     H. If HUD approval has been previously granted, has the HUD Form 4128 been included?                                                                                                        H.   N/A
     Applicant's comments regarding this section of Threshold:




     DCA's Comments:




    2009 OAH Funding Application - April                                                           Part VIII-Threshold Criteria                                                                              38 of 1061
    Georgia Department of Community Affairs                                                       2009 Funding Application                                                                  Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                     DCA
     Preliminary Rating: Incomplete                                                                                                                                                         Applicant Response
                                                                                                                                                                                                                     USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
7    Site Control                                                                                                                                                                                 Pass?
      A. Is site control provided through October 31, 2009?                                                                                                                                          A.   Yes
      B. Form of site control:                                                                                                                                         B. Contract/Option
      C. Name of Entity with site control:                                                                               C.                                 Bank of Soperton
     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 completion of such paved road?              B.
    Applicant's comments regarding this section of Threshold:
The site has frontage on Bridges Road and Brisedine Street which are both public streets.

     DCA's Comments:




9    Site Zoning                                                                                                                                                                                  Pass?
     A. Is Zoning in place at the time of this application submission?                                                                                                                               A.   Yes
     B. Is Zoning conformance in writing by the authorized Local Government official, and includes the zoning & land use classifications?                                                            B.   Yes
     C. Is documentation provided that demonstrates that the site layout conforms to any moratoriums, density, setbacks or other requirements?                                                       C.   Yes
     D. Is this information included on the Architectural Site Conceptual Development Plan?                                                                                                          D.   Yes
     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:
The zoning was determined through litigation by the previous owner and the City and is confirmed by a letter from the City Planning Department.

     DCA's Comments:




10 Operating Utilities                                                                                                                                                                            Pass?
      A. Check applicable utilities and enter provider name:             1) Gas                             <<Enter Provider Name Here>>                                                             1)
                                                                         2) Electric                        Georgia Power                                                                            2)   Yes
     Applicant's comments regarding this section of Threshold:
Letter attached

     DCA's Comments:




    2009 OAH Funding Application - April                                                           Part VIII-Threshold Criteria                                                                                 39 of 1061
  Georgia Department of Community Affairs                                                            2009 Funding Application                                                            Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                   DCA
    Preliminary Rating: Incomplete                                                                                                                                                       Applicant Response
                                                                                                                                                                                                                   USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
11 Public Water/Sanitary Sewer/Storm Sewer                                                                                                                                                     Pass?

     A. Is there a Waiver Approval Letter From DCA included in this application for this criterion as it pertains to Rural projects?                                                              A.    No
     B. Check all that are available to the                              1) Public water                         Henry County Water and Sewerage Authority                                        1)    Yes
        site and enter provider name:                                    2) Public sewer                         Henry County Water and Sewerage Authority                                        2)    Yes
                                                                           3) Waiver                           <<Enter Provider Name Here>>                                                       3)
     Applicant's comments regarding this section of Threshold:
Letter attached.


    DCA's Comments:




12 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 Manual (select one in each category):                                    A.   Agree
         1) Community area (select either community room or community building):                                                                                      1) Room                          Agree
         2) Exterior gathering area:                                                                                                                                  2) Gazebo                        Agree
         3) On site laundry type:                                                                                                                      3) On-site laundry                              Agree
     B. Applicant agrees to provide the following required Additional Site Amenities in conformance with the DCA Amenities Manual.                                       Nbr Amenities            B.   Agree
         The number of amenities required depends on the total unit count: 1-50 units = 4 amenities, 51-100 units = 5 amenities; 100+ units = 6 amenities.                    6                       Additional Amenities
         DCA Site Amenities Selected by Applicant:                                         DCA Verified? Additional Amenities (describe in space provided below)                                     Pre-approved by DCA?
         1) Beauty Parlor
         2) Complete built-in fire sprinkler system
         3) Equipped Computer Center
         4) Furnished Exercise/Fitness Center
         5) Furnished Library
         6) Swimming Pool
      C. Applicant agrees to provide the following required Unit Amenities in conformance with the DCA Amenities Manual:                                                                          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) Powder-based stovetop fire suppression canisters installed above the range cook top                                                                                                   5)    Yes
      D. Applicant agrees to provide the following additional required Amenities for Senior projects:                                                                                             D.   Agree
         1) Elevators are installed for access to all units above the ground floor.                                                                                                               1)   Agree
         2) Buildings more than two story construction have interior gathering areas in several locations in the lobbies and/or corridors                                                         2)   Agree
         3) a) 100% of the units are accessible and adaptable, as defined by the Fair Housing Amendments Act                                                                                     3a)   Agree
            b) If No, was a waiver granted?                                                                                                                                                      3b)
     Applicant's comments regarding this section of Threshold:
All amenties are shown on the attached Conceptual Site Plan and Building layout for the amenity/leasing center.

    DCA's Comments:




  2009 OAH Funding Application - April                                                                Part VIII-Threshold Criteria                                                                            40 of 1061
  Georgia Department of Community Affairs                                                             2009 Funding Application                                                                      Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                                DCA
    Preliminary Rating: Incomplete                                                                                                                                                                  Applicant Response
                                                                                                                                                                                                                                USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
13 Physical Needs Assessment (Rehabilitation Projects Only)                                                                                                                                               Pass?

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



    DCA's Comments:




14 Site Information and Conceptual Site Development Plan                                                                                                                                                  Pass?

     A. Is the Conceptual Site Development Plan included in this application and has it been prepared in accordance with instructions set forth in the 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:
Plans with a listing of amenites is provided.



    DCA's Comments:




15 Building Sustainability                                                                                                                                                                                Pass?

     A. Does the project meet Georgia Energy Codes?                                                                                                                                                          A.      Yes
     B. Do the basic design and equipment meet the requirements of the Architectural Manual, including those for Energy Star rated appliances?                                                               B.      Yes
     C. Applicant has reviewed Exhibit A to Appendix I Building Sustainability Certification and agrees to provide this Certification if funded with Step II Architectural Submittal documents in
        accordance with the Architectural Submittal Manual?                                                                                                                                                  C.      Yes

    Applicant's comments regarding this section of Threshold:
Applicant intends to follow the Earthcraft Atlanta HomeBuilders guidelines for Sustainable Multifamily design and building utilizing the measure indicated on the attached worksheet.



    DCA's Comments:




  2009 OAH Funding Application - April                                                                Part VIII-Threshold Criteria                                                                                         41 of 1061
  Georgia Department of Community Affairs                                                              2009 Funding Application                                                                      Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                              DCA
    Preliminary Rating: Incomplete                                                                                                                                                                   Applicant Response
                                                                                                                                                                                                                              USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
16 Accessibility Standards                                                                                                                                                                                 Pass?
     A. Does this project comply with all applicable Federal and State accessibility laws including but not limited to The Fair Housing Act, Section 504, American with                                       A.   Yes
        Disabilities Act, Georgia Fair Housing Law and Georgia Access Law?
     B. Does this project comply with applicable DCA accessibility requirements detailed in the Accessibility Manual of the 2009 Application Manual?                                                          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 of this 5%) are equipped
        with roll-in showers?                                                                                                                                                                                 C.   Yes

     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 the inspection of the project by a DCA-qualified consultant 3 times during construction in order to certify the project's as-built compliance with
        accessibility regulations?                                                                                                                                                                            E.   Yes

    Applicant's comments regarding this section of Threshold:




    DCA's Comments:




17 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?
        1) The expected life of the completed property must exceed by five years the greater of the Compliance Period or the Period of Affordability                                                          1)
        2) All construction must meet the requirements set forth in the Manual                                                                                                                                2)
        3) Rehabilitation projects will be considered for funding only if the per unit rehabilitation hard costs exceed $20,000 for properties less than 20 years                                             3)
           old and the per unit rehabilitation hard costs exceed $25,000 for properties that exceed 20 years old
        4) The total hard cost of any rehabilitation project must not exceed 90% of the as-completed unrestricted appraised value of the property                                                             4)
        5) The costs of furniture, fixtures, construction of community buildings and common area amenities are not included in these amounts                                                                  5)
     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) Attractive Features (select two)                   Addition of or the redesign of existing covered entries                                                                                         2)
                                                              Addition of new or redesign of existing durable attractive stair and railing elements
        3) Major Bldg Component Materials & Upgrades          Fiber cement siding, hard stucco and/or wood siding will be installed on all exterior wall surfaces not already required to be brick            3)
           (select one)
        4) Landscaping and Site Design Features (select       Preservation of existing trees and vegetation                                                                                                   4)
           two)                                               Site entry w/ permanent, illuminated entry sign and decorative fence

    Applicant's comments regarding this section of Threshold:
The project is new construction, so Section A does not apply.



    DCA's Comments:




  2009 OAH Funding Application - April                                                                 Part VIII-Threshold Criteria                                                                                      42 of 1061
 Georgia Department of Community Affairs                                                           2009 Funding Application                                                                       Office of Affordable Housing
                                               PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                             DCA
   Preliminary Rating: Incomplete                                                                                                                                                                 Applicant Response
                                                                                                                                                                                                                             USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
18 Experience                                                                                                                                                                                           Pass?

   Is there a Pre-Determination Letter From DCA included in this application for this criterion?                                                                                                                  Yes
   Is there a Waiver Approval Letter From DCA included in this application for this criterion?                                                                                                                    No
   A. Have all entities and individuals in the Owner and Developer organizational structure been identified on an organizational chart?                                                                     A.    Yes
      Please disclose any conflict of interest between the parties:
      There is an identity-of-interest between the Managing General Partner, Rob Hoskins who is also a key principal in the proposed General Contractor and Management Company.


   B. Is there a Development fee sharing arrangement between the Owner, Developer or any other party?                                                                                                       B.    No
      If Yes, disclose details in box below:



   C. Is there any Guarantee Agreement?                                                                                                                                                                     C.    No
      If Yes, disclose details in box below:



   D. Please disclose all owner and development consultants, direct or indirect, paid or unpaid.
      Not applicable.


   E. This Application meets Owner Experience through (select one):                                                                                                             E. Owner
      1) Name of Experienced Owner, Partner or Consultant:                                                                                                                      1) Robert G. Hoskins
      2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?                                                                                            2)
      3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materially participate in ownership and operation of the project?                          3)
    F. This Application meets Developer Experience through (select one):                                                                                                         F. Developer
       1) Name of Experienced Developer, Partner or Consultant:                                                                                                                  1) NuRock Development Group
       2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?                                                                                            2)
       3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materially participate in ownership and operation of the project?                          3)
   G. This Application meets Manager Experience through (select one):                                                                                                           G. Manager
      1) Name of Experienced Manager, Partner or Consultant:                                                                                                                    1) NuRock Management Group
      2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?                                                                                           2)
      3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materially participate in ownership and operation of the project?                         3)
   H. If the Owner or Developer is meeting DCA experience requirements through a consulting agreement with an experienced consultant, the Applicant must state the
           name of the property through which the Owner or Developer meets said requirements.                      Name of Property:
    I. Is the applicant applying to DCA under the Probationary Participation provision?                                                                                                                      I.   No
    J. Does the Training / Developer Agreement / Partnership Agreement meet the requirement set forth in the Consultant / Partnership Training Manual?                                                       J.   Yes
   Applicant's comments regarding this section of Threshold:




   DCA's Comments:




 2009 OAH Funding Application - April                                                              Part VIII-Threshold Criteria                                                                                         43 of 1061
  Georgia Department of Community Affairs                                                             2009 Funding Application                                                                 Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                         DCA
    Preliminary Rating: Incomplete                                                                                                                                                             Applicant Response
                                                                                                                                                                                                                         USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
19 Threshold Designation Of Tier One Capacity                                                                                                                                                        Pass?

     A. Has an Entity or its principal been designated as a Tier 1 Entity by DCA for this project?                                                                                                       A.   Yes
     B. Name of Entity or principal so designated by DCA:                                                                   B.                                 Robert and Sandra Hoskins/NuRock Development
    Applicant's comments regarding this section of Threshold:
The applicant requested principal approval for Tier One staus designation. All the information provided was principal information.


    DCA's Comments:




20 Compliance History Summary                                                                                                                                                                        Pass?
    Is there a Pre-Determination Letter From DCA included in this application for this criterion?                                                                                                             Yes
     A. Has the principal and entities of each General Partner, Developer, and project consultant(s) submitted a complete and correct DCA Compliance History Summary                                     A.   Yes
     B. Are five fully executed DCA Uniform Release Forms included in the application?                                                                                                                   B.   Yes
     C. Is the completed compliance questionnaire for each General Partner, Developer, and project consultant(s) included in the application?                                                            C.   Yes
     D. Has Applicant included appropriate documentation or releases from other state housing agencies (both the MultiState Release Form and the Uniform Release Form)?                                  D.   Yes
    Applicant's comments regarding this section of Threshold:
Applicant has submitted releases to other States,but is not aware if they have responded to DCA.



    DCA's Comments:




21 Eligibility for Credit under the Nonprofit Set-Aside                                                                                                                                              Pass?

     A. Name of Qualified Nonprofit:                                                                                          A.
     B. Is the organization a qualified nonprofit, defined as a 501c(3) or 501c(4) organization not affiliated or controlled by a for-profit organization, and whose tax-exempt
                                                                                                                                                                                                         B.
        purpose is the fostering of low-income housing?
     C. Does the qualified nonprofit materially participate in the project as described in IRC Section 469(h)?                                                                                           C.
     D. Does the qualified nonprofit own at least 51% of the GP's interest in the project and is the managing general partner of the ownership entity?                                                   D.
     E. If the nonprofit is also a developer of the project, does the nonprofit receive a percentage of the developer fee greater than or equal to its percentage of its ownership interest?             E.
     F. Is a copy of the GP joint venture agreement that indicates the nonprofit's general partnership interest and developer fee amount included in the application?                                    F.
    Applicant's comments regarding this section of Threshold:
Applicant is a for-profit entity.


    DCA's Comments:




  2009 OAH Funding Application - April                                                                 Part VIII-Threshold Criteria                                                                                 44 of 1061
  Georgia Department of Community Affairs                                                               2009 Funding Application                                                                      Office of Affordable Housing
                                                   PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                                                 DCA
    Preliminary Rating: Incomplete                                                                                                                                                                    Applicant Response
                                                                                                                                                                                                                                 USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
22 Eligibility for HOME Loans under the CHDO Set-Aside*                                                                                                                                                       Pass?
     A. Name of CHDO:                                                                                                      A.
     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 general partner with a for-profit or nonprofit 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 interest?                                       E.
     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 Developer Fee included in                         F.
        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:
Applicant is not claiming CHDO status.


    DCA's Comments:




23 Additional HUD Requirements                                                                                                                                                                                Pass?
    Is there a Pre-Determination Letter From DCA included in this application for HOME/HUD Site and Neighborhood Standards?                                                                                            No
     A. The Census Tract for the property is characterized as [Choose either Minority concentration (50% or more minority), Racially mixed (25% - 49%                            A.            Non-minority             <<Select>>
         minority), or Non-minority (less than 25% minority)]:
     B. List all contiguous Census Tracts:                   B.                                                                                                                                                        No
     C. Is Contract Addendum included in Application?                                                                                                                                                            C.    No
    Applicant's comments regarding this section of Threshold:
No HOME HUD financing is being proposed.


    DCA's Comments:




24 Required Legal Opinions                      State legal opinions included in application using boxes provided.                                                                                            Pass?
     A. Credit Eligibilty for Acquisition                                                                                                                                                                        A.    No
     B. Credit Eligibilty for Assisted Living                                                                                                                                                                    B.    No
     C. Nonprofit Federal Tax Exempt Status                                                                                                                                                                      C.    No
     D. Accessibility Standards                                                                                                                                                                                  D.    No
     E. Other (If Yes, then also describe):                                                                                   E.
    Applicant's comments regarding this section of Threshold:

    DCA's Comments:


25 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 six months of selection. I              A.
                                                                                                                                                                                                                      Agree
        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:




  2009 OAH Funding Application - April                                                                  Part VIII-Threshold Criteria                                                                                        45 of 1061
  Georgia Department of Community Affairs                                                              2009 Funding Application                               Office of Affordable Housing
                                                 PART EIGHT - THRESHOLD CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                       DCA
    Preliminary Rating: Incomplete                                                                                                                            Applicant Response
                                                                                                                                                                                       USE
FINAL THRESHOLD DETERMINATION (DCA Use Only)
26 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. Are there any occupied or vacant residential or commercial buildings that will be demolished as a part of the proposed work scope?                             C.    No
     D. Is sufficient comparable replacement housing identified in the relocation plan according to DCA relocation requirements?                                       D.    No
     E. Provide summary data collected from Relocation Displacement Spreadsheet:                                                                                       E.
        1) Number of Over Income Tenants                                                                                                                               1)
        2) Number of Rent Burdened Tenants                                                                                                                             2)
        3) Number of Vacancies                                                                                                                                         3)
        4) Number of Down units                                                                                                                                        4)
        5) Number of Displaced Tenants                                                                                                                                 5)
     F. Indicate Proposed Advisory Services to be used (see Relocation Manual for further explanation):                                                                F.
        1) Individual interviews                                                                                                                                       1)
        2) Meetings                                                                                                                                                    2)
        3) Written Notifications                                                                                                                                       3)
         4) Other - describe in box provided:                               4)
     Applicant's comments regarding this section of Threshold:
Project is new construction.

    DCA's Comments:




27 Marketing to Special Need Population                                                                                                                             Pass?
     A. Has the marketing plan been completed according to DCA requirements and included in the application binder where indicated by the Tabs Checklist?              A.    No
     B. Name of Service Provider:                                          B.                                                                                                No
    Applicant's comments regarding this section of Threshold:
There is no marketing to Special Populations proposed in this application.



    DCA's Comments:




28 Poor Utilization of Resources                                                                                                                                    Pass?
    Applicant's comments regarding this section of Threshold:



    DCA's Comments:




  2009 OAH Funding Application - April                                                                  Part VIII-Threshold Criteria                                              46 of 1061
Georgia Department of Community Affairs                                                       2009 Funding Application                                                                                     Office of Affordable Housing
                                             PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                                         Score            Self DCA
                                                                                                                                                                                                         Value           Score Score
                                                                                                                                                                                        TOTALS:          108              63    10
 1. APPLICATION COMPLETENESS/ORGANIZATION                                      (Applicants start with 10 points. Any points entered will be subtracted from score value)                                  10              10    10
     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:



 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



 2                                                                             2                                                                                                   2



 3                                                                             3                                                                                                   3



 4                                                                             4                                                                                                   4



 5                                                                             5                                                                                                   5



 6                                                                             6                                                                                                   6



 7                                                                             7                                                                                                   7



 8                                                                             8                                                                                                   8



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2009 OAH Funding Application - April                                                             Part IX-Scoring Criteria                                                                                                    47 of 1061
Georgia Department of Community Affairs                                                       2009 Funding Application                                                                   Office of Affordable Housing
                                              PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                     Score                  Self DCA
                                                                                                                                                                                     Value                 Score Score
                                                                                                                                                                      TOTALS:         108                   63    10
 2. TIER I ENTITIES                                                                                                                                                                    3                     3
      Name of Tier 1 Entity for which these points are being claimed                            NuRock Development (Robert and Sandra Hoskins)
      Tier One entity has a 100% ownership interest in both the General Partner and the Developer entity.                                                                                                   Yes
      Applicant's comments regarding this section of scoring:
 The same individuals are the only key prinicipals in both the ownership and developer entities. The applicant requested principal approval for the Tier One designation. All the information provided was principal
 information.Comments:
      DCA's



 3. DEEPER TARGETING / RENT AND INCOME RESTRICTIONS                                                                                                                                     3                    3
      50% Gross Rent Restrictions / 50% Income Restrictions:                 Nbr units to have these restrictions:                      16           Percent of Residential Units:    15.2%
      Applicant's comments regarding this section of scoring:
 Of the 105 total units 8 one bedroom and 8 two bedroom units are set-aside.


     DCA's Comments:




 4. QUALITY GROWTH INITIATIVES                                                See scoring criteria for further requirements and information                                                                 12         0
  A. Desirable/Undesirable Activities Characteristics                      (Applicants need to complete Desirable/Undesirable Certification form)                                      10             A.     9         0
     1. Desirable Sites (1 pt each)                                                                                                                                                  various          1.     10
     2. Undesirable Sites (1 pt subtracted for each - points entered here will be subtracted from the score value of 10)                                                             various          2.     1
     Applicant's comments regarding this section of scoring:




     DCA's Comments:




  B. Infill / Smart Growth Rural Development                                                                                                                                            3             B.     3
     Indicate Quality Growth Initiative to be used (choose one):              Infill
     How does the site   1
     maximize the use of
     existing facilities 2
     and infrastructure?

                           3


     Describe Adjacent The property is surrounded on three side by residential development. To the north and east of the site is a single family subdivision named Whispering Pines and to the west is an existing
     established          apartment community named Amber Chase.
     occupied residential
     development:




2009 OAH Funding Application - April                                                            Part IX-Scoring Criteria                                                                                          48 of 1061
Georgia Department of Community Affairs                                                   2009 Funding Application                                                       Office of Affordable Housing
                                              PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                       Score            Self DCA
                                                                                                                                                                       Value           Score Score
                                                                                                                                                             TOTALS:   108              63    10
       Additional information for Infill Option:
       Indicate Infill Type (choose one):                                   New Construction
 Describe Adjacent             Same as above.
 established development
 that is on all but one side
 of development:

     Applicant's comments regarding this section of scoring:



     DCA's Comments:




  C. Community Transportation Options                                                                                                                                    3        C.    0       0
     1.   Transit Oriented Development                                                                                    OR                                             3        1.    0
     2.   Project located within ¼ mile walking distance of rapid rail transit station along paved roads, sidewalks, established pedestrian walkways or bike trails.     3        2.    0
     Applicant's comments regarding this section of scoring:



     DCA's Comments:




  D. Adaptive Reuse                       (w/PNA & supporting documentation)
                                                                           Existing bldg formerly used as:                                                               3        D.    0
     Applicant's comments regarding this section of scoring:



     DCA's Comments:




  E. Brownfield                           (With EPA/EPD Documentation)                                                                                                   3        E.    0
     Applicant's comments regarding this section of scoring:



     DCA's Comments:




  F. Greyfield                            (with supporting documentation)                                                                                                3        F.    0
     Applicant's comments regarding this section of scoring:



     DCA's Comments:




2009 OAH Funding Application - April                                                           Part IX-Scoring Criteria                                                                     49 of 1061
Georgia Department of Community Affairs                                                      2009 Funding Application                                                                   Office of Affordable Housing
                                               PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                    Score                  Self DCA
                                                                                                                                                                                    Value                 Score Score
                                                                                                                                                                     TOTALS:         108                   63    10
 5. SUSTAINABLE DEVELOPMENTS                                                                  (choose only one)                                                                       6              A.     3     0
       A. Sustainable Communities Certification                                            (choose only one)                                                                          6              A.     0     0
       1. Earth Craft Communities program through Southface Energy Institute and the Greater Atlanta Home Builder’s Association                                   OR                  6              1.     0
       2. US Green Building Council’s Leadership in Energy and Environmental Design for Neighborhood Development (LEED-ND)                                                            6              2.     0
 OR B. Sustainable Building Certification                                                   (choose only one)                                                                         3              B.     3     0
       1. Earth Craft House multifamily program through Southface Energy Institute and the Greater Atlanta Home Builder’s Association                             OR                  3              1.     3
       2. Enterprise Foundation’s Green Communities certification program                                                                                         OR                  3              2.     0
       3. US Green Building Council’s LEED for Homes certification program                                                                                                            3              2.     0
 OR C. Energy Efficient Building Certification                                  (EPA’s Energy Star program certification)                                                               1              C.     0
     Applicant's comments regarding this section of scoring:
 The applicant is commited to following a path to Sustainable Building certification through the measure outlined in the attached checklist for Southface and Greater Atlanta Homebuilders Mulitifamily program and
 Georgia Power Energy Star program.
      DCA's Comments:




 6. STABLE COMMUNITIES / REDEVELOPMENT / REVITALIZATION                                                                                                                               12                     3        0
  A. Economic Growth and Need                                                                 (choose only one)                                                                        3                     0        0
       1. Economic Growth and Need                                                            Indicate Area: <<Select>>                                                                3             1.      0
 OR    2. Stable Communitiies                                                                                                                                                          3             2.      0
          Project is located in a census tract that meets the following demographics according to the most recent FFIEC Census Report:                                                                    Yes / No Yes / No
       a) Less than 10% below Poverty level (see Income)                                                                                                                                             a)     Yes
       b) Designated Middle or Upper Income level (see Demographics)                                                                                                                                 b)     Yes
       c) Less than 15% of housings units are rental occupied (see Housing)                                                                                                                          c)     No
       d) Tracts not designated as distressed or underserved (see Demographics)                                                                                                                      d)     Yes
       e) Market study must demonstrate need for affordable housing                                                                                                                                  e)     Yes
      Applicant's comments regarding this section of scoring:
 Applicant meets four of the five criteria exceeding the percentage of rental occupied houses by only 5% as shown on the attached census file documents.


      DCA's Comments:




  B. Community Redevelop/Revitalization Plans and Strategies                              (choose only one)                                                                        6             B.      3       0
       1. HOPE VI Initiatives                                                                                                                                                      6             1.      0
     The Initiative will:                                                                                                                                                                            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)     Yes
 OR 2. Promotes Neighborhood Stabilization                                                                                                                                         3             2.      3
     Applicant's comments regarding this section of scoring:
 The vacant property being proposed for development has been taken back by the Bank of Soperton in lieu of foreclosure due to a default on a development loan by the previous owner and is located in a
 blighted area that has been designated by The City for revitalization.
      DCA's Comments:




2009 OAH Funding Application - April                                                            Part IX-Scoring Criteria                                                                                         50 of 1061
Georgia Department of Community Affairs                                                    2009 Funding Application                                                               Office of Affordable Housing
                                             PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                             Score               Self DCA
                                                                                                                                                                             Value              Score Score
                                                                                                                                                               TOTALS:           108             63    10
  C. Redevelopment Incentive Programs                      (choose only one)                                                                                                      3        C.     0     0
       1. Statutory Redevelopment Plans                           OR                                                                                                              3        1.     0
 OR    2. Redevelopment Zones                                     OR                        Type:                                      Number:                                    1        2.     0
 OR     3. Local Redevelopment Plan                                                            Name of Plan:                                                                      1        3.     0
      Indicate whether the Community Redevelop/Revitalization Plan includes the following and include the page number from the plan:             Page Nbr       Page Nbr                        Yes / No Yes / No
        a) A discussion of potential sources of funding for the plan                                                                        a)                                             a)
        b) A clearly delineated target area that includes the proposed project site                                                         b)                                             b)
        c) Detailed policy goals (one of which must be housing)                                                                             c)                                             c)
        d) Implementation measures and specific time frames for the achievement of such policies and housing activities                     d)                                             d)
        e) Proposed development supports at least one of the goals of the redevelopment or revitalization plan                              e)                                             e)
        f) An assessment of the existing physical structures and infrastructure of the community                                            f)                                             f)
      Indicate whether the Community Redevelop/Revitalization Plan is:                                                                           Page Nbr       Page Nbr                        Yes / No Yes / No
        a) formulated by the Owner of the project and submitted to a local government for approval                                          a)                                             a)
        b) a short-term work plan                                                                                                           b)                                             b)
        c) a comprehensive plan, consolidated plan, municipal zoning plan or land use plan                                                  c)                                             c)
        d) outdated and does not reflect the current neighborhood conditions                                                                d)                                             d)
      Applicant's comments regarding this section of scoring:




      DCA's Comments:




 7. PHASED DEVELOPMENTS / PREVIOUS PROJECTS                                                 (choose only one)                                                                     6                3        0
      A. Phased Developments
          Proposed project is part of Phased Development in which one or more phases received an allocation of 9% tax credits & at least one phase has commenced construction.    6        A.      0
 OR B. Previous Projects                                                                                                                                                          3        B.      3        0
       1. Proposed development site is w/in boundaries of Local Govt where a 9% Credit, 4% Credit and/or HOME project has not been awarded w/in last 4 DCA funding cycles.        3        1.      3
  or 2. Proposed development site is w/in boundaries of Local Govt where a 9% Credit, 4% Credit and/or HOME project has not been awarded w/in last 3 DCA funding cycles.          2        2.
      Applicant's comments regarding this section of scoring:
 The last project allocated credits in McDonough was Timber Chase, DCA project number20003-037


      DCA's Comments:




2009 OAH Funding Application - April                                                         Part IX-Scoring Criteria                                                                                  51 of 1061
Georgia Department of Community Affairs                                                              2009 Funding Application                                                   Office of Affordable Housing
                                                  PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                              Score          Self DCA
                                                                                                                                                                              Value         Score Score
                                                                                                                                                                    TOTALS:   108            63    10
 8. WAIVER OF QUALIFIED CONTRACT RIGHT / TENANT OWNERSHIP PLAN                                                                     (choose only one)                           2              2     0
       A. Waiver of Qualified Contract Right                                                                                                                                   2         A.   2
           Applicant agrees to forego the cancellation option for at least 5 years after the close of the Compliance period?             Yes
       B. Tenant Ownership                                                                                                                                                      1        B.
       Applicant's comments regarding this section of scoring:




       DCA's Comments:




 9. HISTORIC DESIGNATION                                                                                                           (choose only one)                            3             0       0
    A. Bldgs on project site are listed individually in National Register of Historic Places & will be preserved according to SHPO rqmts                                        3        A.   0
 OR B. Buildings on the project site are potentially eligible to be listed because they are located in a:
        1. "Registered historic district"                                                                                                                                       1        1.
  or    2. Potentially eligible district that contributes to the significance of the district and will be preserved                                                             1        2.
       Applicant's comments regarding this section of scoring:




       DCA's Comments:




 10. NONPROFIT                                                                                                                     (choose only one)                            2             0       0
  A. GP is comprised of 100% nonprofit organizations and the project is applying for and is eligible for the nonprofit set-aside                                                2        A.   0
  B. For-profit entity partnering with a nonprofit that is applying for (and is eligible) under the Plan’s Credits nonprofit set-aside                                          1        B.   0
       Applicant's comments regarding this section of scoring:



       DCA's Comments:




 11. RURAL                                                                                                                         (80 residential units or less)               2             0
       Applicant's comments regarding this section of scoring:                                                                     DCA's Comments:




2009 OAH Funding Application - April                                                                    Part IX-Scoring Criteria                                                                  52 of 1061
Georgia Department of Community Affairs                                                          2009 Funding Application                                                                Office of Affordable Housing
                                                PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                                                                       Score            Self DCA
                                                                                                                                                                                       Value           Score Score
                                                                                                                                                                      TOTALS:          108              63    10
 12. LOCAL GOVERNMENT SUPPORT                                                                                                                                                           4                3         0
  A. Resolution of Support                                                                                                                                                               3        A.      3
     The resolution clearly indicates that the Local Government understands the nature of the proposed project by identifying, at a minimum:                                                           Yes / No Yes / No
      a) Type of project                                                                                                                                                                          a)     Yes
      b) Number of anticipated units                                                                                                                                                              b)     Yes
      c) Specific project location                                                                                                                                                                c)     Yes
      d) The resolution clearly expresses the Local Government’s support of the proposed project, as opposed to merely expressing indifference                                                    d)     Yes
  B. DCA Community Initiatives                                                                                                                                                           1        B.      0
            Letter from a designated            <<Select one>>                                       that clearly:                                                                                     Yes / No Yes / No
       a)   identifies the project as located within their political jurisdiction    < Select applicable GICH >      < Select Signature Community ><Select Community of Opportunity>              a)     N/a
       b)   is indicative of the community’s affordable housing goals                                                                                                                             b)     N/a
       c)   identifies that the project meets one of the objectives of the formal Program Plan                                                                                                    c)     N/a
       d)   is excuted by the official representative of the Community                                                                                                                            d)     N/a

      Applicant's comments regarding this section of scoring:
 City of McDonough resolution is attached.


     DCA's Comments:




 13. LEVERAGING OF RESOURCES                                                                                                                                                            9                0         0
  A. Grants/Loans                                                                                                                                                                        3        A.     0         0
       1. Community Development Block Grant (CDBG) program funds ($500,000 minimum)                                                                                                      1        1.
       2. Federal Home Loan Bank Affordable Housing Program (AHP) ($500,000 minimum)                                                                                                     1        2.
       3. NSP allocated from a direct HUD allocation to an Entitlement Area (Minimum $1,000,000)                                                                                         3        2.

  B. Efficient use of DCA Resources                                                                                                                                                      6        B.     0         0
       1. DCA OAH HOME Loan Consent                                                                                                                                                      6        1.
       2. DCA allocated NSP funds ($1,000,000 minimum)                                                                                                                                   6        2.

  C. Off Site Improvement, Amenity and Facility Investment                                                                                                                               1        C.      0
       1. Name of Unrelated Third Party
       2. Description of Improvement(s)
       3. Full Cost of Improvement

     Applicant's comments regarding this section of scoring:



     DCA's Comments:




2009 OAH Funding Application - April                                                                Part IX-Scoring Criteria                                                                                   53 of 1061
Georgia Department of Community Affairs                                                        2009 Funding Application                         Office of Affordable Housing
                                              PART NINE - SCORING CRITERIA - 2009-039 Heritage at McDonough, McDonough, Henry County
                                                                                                                                              Score            Self DCA
                                                                                                                                              Value           Score Score
                                                                                                                                    TOTALS:   108              63    10
 14. DCA OPTIONAL POINTS FOR SUPERIOR PROJECT CONCEPT                                                                                           6              6
     Is the required narrative (no more than two pages) included in the application binder where indicated by the Tabs Checklist?
     Applicant's comments regarding this section of scoring:



     DCA's Comments:




 15. COMPLIANCE HISTORY STATUS                                                                                                                 15              15       0
     Is there a Pre-Determination Letter From DCA included in this application for this criterion?
     A. Owner/Developer                                                                                                                                  A.    15
     B. Manager (Pass or Fail)                                                                                                                           B.   Pass
     Applicant's comments regarding this section of scoring:
 Predetermination letter is attacehd.




     DCA's Comments:




                                                                                                TOTAL POSSIBLE SCORE                          108              63      10




2009 OAH Funding Application - April                                                             Part IX-Scoring Criteria                                            54 of 1061
                        [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 2009 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.


2008 QAP
OAH Form - Core                               DCA Office of Affordable Housing                              Page 55 of 1061
     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]




2008 QAP
OAH Form - Core                              DCA Office of Affordable Housing                            Page 56 of 1061
                                                                                       SUMMARY OF DCA UNDERWRITING ASSUMPTIONS
Category                                                 Specification                                Scale                                                                                 Minumum Maximum
Funding Limits                                           LIHTC                                        Per Project                                                                             n/a            850,000
                                                                                                      Per Project with Tier 1 Developer                                                       n/a            950,000
                                                                                                      Per Round                                                                               n/a           1,700,000
                                                                                                      Per Round with Tier 1 Developer                                                         n/a           1,800,000
                                                         HOME                                         Per Project                                                                          1,000,000        2,500,000
                                                                                                          0 BR            1 BR          2 BR           3 BR       4 BR      5 BR
                                                         Unit Cost Limit                                102,000        117,000       142,000         184,000    202,000   202,000
                                                         HOME Per Unit Subsidy Limit                    102,000        117,000       142,000         184,000    202,000   202,000
Annual Operating Expenses
  Annual Operating Expenses                              Urban                                        Per Unit                                                                                 3,600           n/a
                                                         Non-MSA Rural w/out USDA Financing           Per Unit                                                                                 3,000           n/a
                                                         Rural w/USDA Financing                       Per Unit                                                                                 3,000           n/a
   Replacement Reserve Pymt                              Rehab                                        Per Unit                                                                                   300           n/a
                                                         New                                          Per Unit                                                                                   240           n/a
                                                         All Single Family                            Per Unit                                                                                   420           n/a
Development Costs
  Pre-Development Costs                                  Tax Credit Application Fee                   Per Project - For Profit or Joint Venture                                                      4,000
                                                         Tax Credit Application Fee                   Per Project - Nonprofit                                                                        3,000
                                                         DCA Loan Application Fee                     Per Project - For Profit or Joint Venture                                                      4,500
                                                         DCA Loan Application Fee                     Per Project - Nonprofit                                                                        4,000
                                                         DCA Loan / LIHTC Application Fee             Per Project - For Profit or Joint Venture                                                      4,500
                                                         DCA Loan / LIHTC Application Fee             Per Project - Nonprofit                                                                        4,000
   Hard Costs                                            Rehab                                        Per unit - Properties 20 yrs old or less                                              20,000           see UCL
                                                                                                      Per unit - Properties over 20 yrs old                                                 25,000           see UCL
   Construction Contingency                              New                                          % of Construction Hard Costs                                                            5%                7%
                                                         Rehab                                        % of Construction Hard Costs                                                            7%               10%
                                                         Historic Rehab                               % of Construction Hard Costs                                                           10%               15%
   Builder's Overhead                                    n/a                                          % of Construction Hard Costs - Construction Svcs                                        n/a               2%
   Builder Profit                                        n/a                                          % of Construction Hard Costs - Construction Svcs                                        n/a               6%
   General Requirements                                  n/a                                          % of Construction Hard Costs - Construction Svcs                                        n/a               6%
   LIHTC Allocation Fee                                  LIHTC Fee                                    Percent of Credit Request                                                                        7%
   4% LIHTC IRS Form 8609 Fee                            LIHTC Fee                                    Percent of Credit Request                                                                        5%
   Compliance Monitoring Fee                             LIHTC Fee                                    Per Unit                                                                               700               n/a
                                                         USDA or URFA Fee                             Per Unit                                                                               150               n/a
   Developer's Fee                                       Identity of Interest                         % of (Total Costs - Land - Builder Profit - Devlpr Fee)                                        15%
     20% Consultant max                                  No Identity of Interest                      % of (Total Costs - Land - Developer's Fee)                                                    15%
   Operating Deficit Reserve                                                                          Mths of Year 1 Debt Service (out of 12)                                                 4                n/a
                                                                                                      Mths of Year 1 O&M Expense (out of 12)                                                  4                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%
                                                        PART ONE - PROJECT INFORMATION - 2009-039 Heritage at Mc

Please note:                                        Blue-shaded cells are unlocked for your use and do not contain references/
                                                    Green-shaded cells are unlocked for your use and do contain references/for

I.                    DCA RESOURCES                                LIHTC (auto-filled based on later entries)
                                                                   DCA HOME (Pre-Application amount)

II.                   TYPE OF APPLICATION                         Competitive Round

III.                  APPLICANT CONTACT FOR APPLICATION REVIEW

                      Name                                         Robert G. Hoskins
                      Address                                      3460 Preston Bridge Road, Suite 175
                      City                                         Alpharetta
                      State                                        GA
                      Office Phone                                 ##########
                      (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567890)

IV.                   PROJECT LOCATION

                      Project Name                                 Heritage at McDonough
                      Site Street Address                          Bridges Road and Brisendine Street
                      City                                         McDonough
                      Within City Limits?                         Yes
                      In USDA Rural Area?                          No                             HUD MSA/NonMSA name

                                                                   Congressional                State Senate
                      Legislative Districts                        3                            10
                      If on boundary, other district:              0                            0

                      Political Jurisdiction                       City of McDonough
                      Name of Chief Elected Official               Billy Copeland
                      Address                                      136 Keys Street
                      Zip+4                                         30253-0000                      Phone

V.                    PROJECT DESCRIPTION

               A.     Mixed Use                                         No

               B.     Type of Construction:
                      New Construction                                  105
                      Adaptive Reuse                                     0
                      Acquisition/Rehab                                  0
                      Substantial Rehab                                  0
                      Historic Rehab                                     0

                    C. Unit Breakdown
                       Number of Low Income Units                                               105
                                   Number of 50% Units                                          16
                                   Number of 60% Units                                          89
                       Number of NSP 120% Units                                                 0
                   Number of Unrestricted Units                                           0
                   Total Residential Units                                                105
                   Common Space Units                                                     0
                   Total Units                                                            105

              E.   Buildings     Number of Residential Buildings                          2
                                 Number of Non-Residential Buildings                      1
                                 Total Number of Buildings                                3

              F.   Total Residential Parking Spaces (min 1.5 per unit)                    169

        VI.        TENANCY CHARACTERISTICS

              A.   Family or Senior                                                       Senior (HFOP)

              B.   Mobility Impaired                              Nbr of Units Equipped: 6

              C.   Sight / Hearing Impaired                       Nbr of Units Equipped: 3

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)

              C.   Neighborhood Stabilization Funds (NSP)

VII.               SET ASIDES


              A.   Competitive Round Set-Aside(s):                                        No
                                                                                          No

              B.   Other (non-Competitive)                                                No

VIII.              TAX EXEMPT BOND FINANCED PROJECT

                   Issuer:                     0
                   Office Street Address       0
                   City                        0                                                State
                   Contact Name                0                                                Title
                   10-Digit Office Phone                    -                                   Fax

IX.                AWARD LIMITATIONS FOR CURRENT DCA COMPETITIVE ROUND

                   The following sections apply to all direct and indirect Owners, Developers and Consultants (Entity a

              A.   Number of Applications Submitted:                                             1

              B.   Amount of Federal Tax Credits in All Applications:                         950,000

              C.   Names of Projects in which an Owner, Developer and Consultant(s) and each of its principa
           Project Participant                       Name of Project
           Robert G. Hoskins                         Heritage at McDonough
           Sandra K. Hoskins                         Heritage at McDonough
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0

      D.   Names of

           Project Participant                       Name of Project
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0
           0                                         0

X.         PRESERVATION                                                          No

      A.   Subsequent Allocation
           Year of Original Allocation                                            0
           Original GHFA/DCA Project Number                                           0
           First Year of Credit Period                                            0
           Expiring Tax Credit (15 Year)                                          0
           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
           USDA funded affordable nonpublic housing project                      No

XI.        ADDITIONAL PROJECT INFORMATION

      A.     PHA Units
           Is proposed project part of a local public housing replacement program?
           Number of Public Housing Units reserved and rented to public housing tenants:
           Nbr of Units Reserved and Rented to PHA Tenants w/ PBRA or Households on Waiting List:
           Local PHA                    0
           Street Address               0
           City                         0
           Area Code / Phone                          -                             Fax
            B.   Is there currently an Extention of Cancellation Option?

            C.   Is there a Tenant Ownership Plan?

            D.   Is the Project Currently Occupied?
                 Total Existing Units
                 Number Occupied
                 % Existing Occupied

            E.   Waivers / Pre-Approvals - have the following waivers / pre-approvals been approved by DCA
                 Per-Unit Cost Limit?
                 Operating Expense?
                 Amenities?
                 Architectural Standards?
                 Experience: Owner?             No        Developer?       No       Manager?
                 HOME Reservation?
                 Payment & Performance Bond?
                 Noise?
                 Other (specify waiver):   0

            F.   Projected Place-In-Service Date
                 Acquisition
                 Rehab
                 New Construction

XII.             APPLICANT COMMENTS AND CLARIFICATIONS
0
0
0
0



                                                                     PART TWO - DEVELOPMENT TEAM INFOR

I.     OWNERSHIP INFORMATION

       A.        OWNERSHIP ENTITY                                                      Heritage McDonough Hous
                                           Office Street Address                       3460 Preston Ridge Road,
                                           City                                        Alpharetta
                                           State                                            GA
                                           10-Digit Office Phone / Ext.                ##########
                                           (Enter phone numbers without using hyphens, parentheses, etc - ex: 1234567
       B.        PROPOSED PARTNERSHIP INFORMATION

                 1.           GENERAL PARTNER(S)

                              a.           Managing Gen'l Partner                      NDG Heritage McDonough,
                                           Office Street Address                       3460 Preston Ridge Road,
                                           City                                        Alpharetta
                                           State                                           GA
                                           10-Digit Office Phone / Ext.                ##########
                            b.        Other General Partner          0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -

                            c.        Other General Partner          0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -

                2.          LIMITED PARTNERS (PROPOSED OR ACTUAL)

                            a.        Federal Limited Partner        0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -

                            b.        State Limited Partner          0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -

                       3. NONPROFIT SPONSOR

                                      Nonprofit Sponsor              0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -
II.   DEVELOPER(S)

      A.        DEVELOPER                                            NuRock Development Grou
                                      Office Street Address          3460 Preston Ridge Road,
                                      City                           Alpharetta
                                      State                              GA
                                      10-Digit Office Phone / Ext.   ##########

      B.        CO-DEVELOPER 1                                       0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -

      C.        CO-DEVELOPER 2                                       0
                                      Office Street Address          0
                                      City                           0
                                      State                               0
                                      10-Digit Office Phone / Ext.             -
       D.          DEVELOPMENT CONSULTANT                                            0
                                      Office Street Address                          0
                                      City                                           0
                                      State                                                 0
                                      10-Digit Office Phone / Ext.                                -

III.   OTHER PROJECT TEAM MEMBERS

       A.          OWNERSHIP CONSULTANT                                              0
                                      Office Street Address                          0
                                      City                                           0
                                      State                                                 0
                                      10-Digit Office Phone / Ext.                                -

       B.          GENERAL CONTRACTOR                                                NuRock Constuction
                                           Office Street Address                     3460 Preston Ridge Road,
                                           City                                      Alpharetta
                                           State                                         GA
                                           10-Digit Office Phone / Ext.              ##########

       C.          MANAGEMENT COMPANY                                                NuRock Management
                                     Office Street Address                           3460 preston Ridge Road, S
                                     City                                            Alpharetta
                                     State                                               GA
                                     10-Digit Office Phone / Ext.                    ##########

       D.          ATTORNEY                                                          To be determined
                                           Office Street Address                     0
                                           City                                      0
                                           State                                          0
                                           10-Digit Office Phone / Ext.                         -


       E.          ACCOUNTANT                                                        To be determined
                                           Office Street Address                     0
                                           City                                      0
                                           State                                          0
                                           10-Digit Office Phone / Ext.                         -

       F.          ARCHITECT                                                         Morton Gruber, AIA, Archite
                                           Office Street Address                     245 Peachtree Street NE, S
                                           City                                      Atlanta
                                           State                                          GA
                                           10-Digit Office Phone / Ext.              ##########

IV.    OTHER REQUIRED INFORMATION (Answer each of the 6 questions below for each participant listed bel

                                                                       2. Has any person, principal, or agent for
                                                           1. Is this
                                                                       this entity ever been convicted of a felony
                          Participant                    entity a MBE/
                                                                              (Yes or No)?. If yes, attach
                                                             WBE?
                                                                                      explanation.
                                                                                             2. Has any person, principal, or agent for
                                                                                 1. Is this
                                                                                             this entity ever been convicted of a felony
                                            Participant                        entity a MBE/
                                                                                                    (Yes or No)?. If yes, attach
                                                                                   WBE?
                                                                                                            explanation.
                     Managing General Partner                                       No       No
                     Other General Partner 1                                         0       0
                     Other General Partner 2                                         0       0
                     Federal Limited Partner                                        No       No
                     State Limited Partner                                          No       No
                     Nonprofit Sponsor                                               0       0
                     Developer                                                      No       No
                     Co-Developer 1                                                  0       0
                     Co-Developer 2                                                  0       0
                     Owner Consultant                                                0       0
                     Developer Consultant                                            0       0
                     Contractor                                                     No       No
                     Management Company                                             No       No

V.                                 APPLICANT COMMENTS AND CLARIFICATIONS

Robert G.
Hoskins is the
Managing
General Partner
as well as a
principal in the
the development
company, the
general contractor
and the
management
conpany.


0
0
0
0



                                                                           PART THREE - SOURCES OF FUNDS - 2009-039 Heritag

I.                   GOVERNMENT FUNDING SOURCES (check all that apply)

                         Yes       Tax Credits                       Yes       USDA 515                          No
                         No        DCA HOME*                         No        USDA 538                          No
                         No        Other HOME*                       No        CDBG                              No
                         No        DCA PSHP HOME*                    No        FHA Risk Share                    No
                     *This source may possibly trigger Uniform Relocation Act and/or HUD 104(d) reqmts. Check with source. For DCA HOME,
II.                  CONSTRUCTION FINANCING

                     Financing Type                                                           Name of Financing Entity
                     Mortgage A                                                              Wells Fargo
                     Mortgage B                                                              0
                     Mortgage C                                                              0
                     Federal Grant                                                           0
                    State, Local, or Private Grant                                       0
                    Deferred Developer Fees                                              0
                    Federal Housing Credit Equity                                        TBD
                    State Housing Credit Equity                                          TBD
                    Other Source (specify)       0                                       0
                    Other Source (specify)       0                                       0
                    Other Source (specify)       0                                       0
                    Total Construction Financing:
                    Total Construction Period Costs from Development Budget:
                    Surplus/(Shortage) of Construction funds to Construction costs:

     III.           PERMANENT FINANCING

                    Financing Type                            Name of Financing Entity         Principal Amount
                    N/A                                      Neither                           0
                    Mortgage A                               Wells Fargo                       2,950,000
                    Mortgage B                               0                                 0
                    Other:         0                         0                                 0
                    Funding Source for Costs>PUCL            0                                 0
                    Deferred Devlpr Fee            20.60%    0                                 308,990
                    Federal Grant                            0                                 0
                    State, Local, or Private Grant           0                                 0
                    Federal Housing Credit Equity            TBD                               6,839,316
                    State Housing Credit Equity              TBD                               2,646,995
                    Historic Credit Equity                   0                                 0
                    Invstmt Earnings: T-E Bonds              0                                 0
                    Invstmt Earnings: Taxable Bonds          0                                 0
                    Income from Operations                   0                                 0
                    Other:         0                         0                                 0
                    Other:         0                         0                                 0
                    Other:         0                         0                                 0
                    Total Permanent Financing:                                                  12,745,301
                    Total Development Costs from Development Budget:                            12,745,301
                    Surplus/(Shortage) of Permanent funds to development costs:                           0




     IV.            APPLICANT COMMENTS AND CLARIFICATIONS

     0
     0
     0
     0
     0



PART III B: USD 538 LOAN - 2009-039 Heritage at McDonough, McDonough, Henry County

                                        I. Data Input

     Loan Amount:                    $0.00              $0.00        $0.00
        Interest Rate: USDA Spread          2.50%      (aka Interest Assistance Rate in USDA Handbook)
                         Effective Rate     0.00%      (Effective Interest Assistance Rate in USDA Handbook)
        USDA Annual Fee                     0.50%      (per annum)
        Loan Term (yrs)                        0
        Amortization Pd (yrs)                  0
        Annual P & I                        #DIV/0!       #DIV/0!          #DIV/0!
        Monthly P & I                       #DIV/0!       #DIV/0!          #DIV/0!

PART III C - HUD INSURED LOAN - 2009-039 Heritage at McDonough, McDonough, Henry County

                                               I. Data Input

        Loan Amount:                                         $0.00 NOTE: If this section is
                                                                   completed,           then
        Interest Rate:                    Investor Rate  0.000%    Applicant    must    also
                                          Servicing Fee 0.000%     complete the "Additional
                                          GNMA Gty Fee 0.000%      HUD        Requirements"
                                          Effective Rate 0.000%    section in the Threshold

        HUD Mortgage Insurance Premium                     0.00%       per annum

        Loan Term                                             0        years

        Amortization Period                                   0        years

        Annual Debt Service at Effective Rate             #DIV/0!      (Excluding MIP)

        Monthly Debt Service at Effective Rate            #DIV/0!      (Excluding MIP)


                  PART III D - HOME ALLOCATION WORKSHEET - 2009-039 Heritage at McDonough, McDonough, Henry Cou

                                                                                 Method I
                                                         Per Unit       Proposed                                          Per Unit
                         HOME                             HOME           Nbr. of                                           HOME
                         Subsidy          Unit Type      Subsidy       HOME Units                                         Subsidy
                         Limitation
                         (See             Efficiency     $102,000           0                                               $0
                         Threshold        1 Bedroom      $117,000           0                            Total Per-         $0
                         Section M)       2 Bedroom      $142,000           0                            Unit HOME          $0
                                          3 Bedroom      $184,000           0                            Subsidy            $0
                                          4+ Bedroom     $202,000           0                            Limit for          $0
                                                                            0                            Project:           $0

                                                                                 Method II
                                                                                                               Check
                         Number of HOME Units Specified in Application 0                                      0
                         Number of Total Units Specified in Application 0                                    105
                         HOME Percent of Total Units                  0.000%                               0.000%    (Formula: HOME Percent of Total
                         Total Development Costs (TDC)                   $0                              $12,745,301
                         Reserves Held for more than 18 months:
              Operating Deficit Reserve                                 $0                       $219,674
              Other      0                                              $0
              Other      0                                              $0
             Total HOME Eligible Costs                                  $0                   $12,525,627

                                                                   Eligible HOME Amount

                                                       $0
             Eligible HOME Amount is the Lesser of Method I or II                            Maximum DCA HOME loan is $2,500,000 for Rural
              (or Amount the project Needs for Feasibility, if less)
                                                       $0
             Requested HOME Loan Amount (HOME Investment)                                    When submitted at Application Deadline, this amoun
                                                                                             the amount shown on the DCA HOME Loan Consen
             Per Unit HOME Investment                  $0
                                                                                             Letter.
                                                    0.000%
             HOME Investment Proportion of Total HOME Eligible Cost                          (Formula: HOME Investment Proportion of Total El
                                                                                             Total HOME Request (Investment) / Total HOME El


Applicant Comments                                                                DCA Comments
0                                                                                 0

0                                                                                 0




                                                                                                     PART FOUR - USES OF FUNDS

                                                                                                        CERTIFICATION OF ACTUAL C

I.           DEVELOPMENT BUDGET
                                                                                       TOTAL COST

             PRE-DEVELOPMENT COSTS
             Property Appraisal                                                                      7,500
             Market Study                                                                            7,500
             Environmental Report(s)                                                                25,000
             Soil Borings                                                                           10,000
             Boundary and Topographical Survey                                                      50,000
             Zoning/Site Plan Fees                                                                     -
             Other:        0                                                                           -
             Other:        0                                                                           -
             Other:        0                                                                           -
                                                                       Subtotal                    100,000

             ACQUISITION
             Land                                                                                  775,000
             Demolition                                                                                -
             Acquisition Legal Fees (if existing structures)                                           -
             Existing Structures                                                                       -
                                                                       Subtotal                    775,000

             SITE IMPROVEMENTS
             Site Preparation (On-site)                                                          1,050,000
             Site Preparation (Off-site)                                                               -
                                                    Subtotal           1,050,000

     UNIT/BUILDING CONSTRUCTION*
     Unit/Building Construction/New Construction                       4,812,000
     Unit/Building Construction/Rehab                                        -
     Project Amenities / Accessory Buildings                             600,000
     Other:         0                                                        -
     Construction Contingency                                            324,720
                                                    Subtotal           5,736,720

     CONTRACTOR SERVICES
     Builder's Overhead:                 0.00%               -           129,240
     Builder Profit:                     0.00%               -           387,720
     General Requirements                0.00%               -           387,720
                     includes
                     Payment/performance bond or
                     letter-of-credit fee or premium Subtotal            904,680
     Total Construction Costs           70,158.86 per unit
     7,366,680.00                            76.43 per sq ft

I.   DEVELOPMENT BUDGET
                                                                 TOTAL COST


     CONSTRUCTION PERIOD FINANCING
     Construction Loan Fee                                                91,000
     Construction Loan Interest                                          957,342
     Construction Legal Fees                                              75,000
     Construction Period Real Estate Tax                                  52,500
     Construction Insurance                                               47,250
     Bridge Loan Fee and Bridge Loan Interest                                -
     Other:        0                                                         -
                                                    Subtotal           1,223,092

     PROFESSIONAL SERVICES
     Architectural Fee - Design                                          108,000
     Architectural Fee - Supervision                                      36,000
     Engineering                                                         125,000
     Real Estate Attorney                                                 15,000
     Accounting                                                           18,000
     Other:         0                                                        -
                                                    Subtotal             302,000

     LOCAL GOVERNMENT FEES
     Building Permits                                                    138,973
     Impact Fees                                                         115,981
     Water Tap Fees     waived?                      0                    75,000
     Sewer Tap Fees     waived?                      0                    75,000
                                                    Subtotal             404,954

     PERMANENT FINANCING FEES
     Permanent Loan Fees                                                  29,500
     Permanent Loan Legal Fees                                          7,500
     Title and Recording Fees                                          20,000
     As-Built Survey                                                   11,250
     Bond Issuance Premium                                                -
     Cost of Issuance / Underwriter's Discount                            -
     Other:        0                                                      -
                                                 Subtotal              68,250


I.   DEVELOPMENT BUDGET
                                                              TOTAL COST


     DCA-RELATED COSTS
     DCA HOME Loan Pre-Application Fee                                    -
     Tax Credit Application Fee                                         4,000
     DCA Waiver Fees                                                      -
     LIHTC Allocation Processing Fee         #VALUE!                   66,500
     LIHTC Compliance Monitoring Fee             73,500                73,500
     DCA Front End Analysis Fee (HOME, when ID of Interest)             3,000
     DCA Final Inspection Fee                                           3,000
     Other:       0                                                       -
                                              Subtotal                150,000

     EQUITY COSTS
     Partnership Organization Fees                                         -
     Tax Credit Legal Opinion                                              -
     Syndicator Legal Fees                                                 -
     Other:       0                                                        -
                                                 Subtotal                  -

     DEVELOPER'S FEE
     Developer's Overhead                                                 -
     Consultant's Fee                                                     -
     Developer's Fee                                                1,500,000
                                                 Subtotal           1,500,000

     START-UP AND RESERVES
     Marketing                                                         35,000
     Rent-Up Reserves                                                 100,931
     Operating Deficit Reserve:                                       219,674
     Replacement Reserve                                                  -
     Furniture, Fixtures and Equipment                                175,000
     Other:         0                                                     -
                                                 Subtotal             530,605

     OTHER COSTS
     Relocation                                                            -
     Other:     0                                                          -
     Other:     0                                                          -
                                                 Subtotal                  -
                   TOTAL DEVELOPMENT COST                                                                           12,745,301

                   Total Per Unit Cost Limitation:                                                        13,635,000
                   Per Unit Cost Limitation Waiver Amount:                                                     0

II.                TAX CREDIT CALCULATION - BASIS METHOD

                   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         0
                   Total Subtractions From Basis:

                   Eligible Basis Calculation
                   Total Basis
                   Less Total Subtractions From Basis (see above)
                   Total Eligible Basis
                   Eligible Basis Adjustment for DDA/QCT Location or State Designated 30% Basis Boost
                   Adjusted Eligible Basis
                   Multiply Adjusted Eligible Basis by Applicable Fraction
                   Qualified Basis
                   Multiply Qualified Basis by Applicable Credit Percentage
                   Maximum Tax Credit Amount
                   Total Basis Method Tax Credit Calculation

III.               TAX CREDIT CALCULATION - GAP METHOD

                   Equity Gap Calculation
                   Total Development Cost (<= DCA Wvr or PUCL; explain in Comments if TDC > PUCL w/o DCA Wvr Approval)
                   Subtract Non-Tax Credit (excluding deferred fee) Source of Funds
                   Equity Gap
                   Divide Equity Gap by 10
                   Annual Equity Required
                   Enter Final Federal and State Equity Factors (not including GP contribution)
                   Total Gap Method Tax Credit Calculation

IV.                TAX CREDIT ALLOCATION


V.                 APPLICANT COMMENTS AND CLARIFICATIONS
* To all applicants: please provide methodology for determining applicable construction hard costs. The construction cost estimate is based on the per unit cost from a deta
0
0
0
0
                                         PART FIVE - UTILITY ALLOWANCES - 2009-039 Heritage at McDonough,

I.    UTILITY ALLOWANCE SCHEDULE #1                               Source of Utility Allowances
                                                                  Date of Utility Allowances

                                                                     Paid By (check one)
      Utility                    Fuel                                Tenant       Owner
      Heat                       Electric Heat Pump                    X            0
      Air Conditioning           Electric                              X            0
      Cooking                    Electric                              X            0
      Hot Water                  Electric                              X            0
      Lights                     Electric                              X            0
      Water & Sewer              Submetered?       Yes                 0            X
      Refuse Collection                                                0            X
      Total Utility Allowance by Unit Size

II.   UTILITY ALLOWANCE SCHEDULE #2                               Source of Utility Allowances
                                                                  Date of Utility Allowances

                                                                     Paid By (check one)
      Utility                    Fuel                                Tenant       Owner
      Heat                       <<Select Fuel >>                      0            0
      Air Conditioning           Electric                              0            0
      Cooking                    <<Select Fuel >>                      0            0
      Hot Water                  <<Select Fuel >>                      0            0
      Lights                     Electric                              0            0
      Water & Sewer              Submetered? <Select>                  0            0
      Refuse Collection                                                0            0
      Total Utility Allowance by Unit Size

      *Elderly allowances cannot be used except at properties that have 100% HUD PBRA and satisfy the DCA definition of "elde

      APPLICANT COMMENTS AND CLARIFICATIONS
      0
      0

      DCA COMMENTS
      0
      0




                                                       PART SIX - PROJECTED REVENUES & EXPENSES - 2009-03

I.    RENT SCHEDULE                 DO NOT cut, copy or paste cells in this tab. Assign a Rent Type of "N/A-CS" to

      HOME projects - Fixed or Floating units:                                      Floating     HOME projects must indicat
      Are 100% of units HUD PBRA?                                                      No

           Rent          Nbr of         No. of          Unit           Unit         HOME          Max Gross
           Type         Bdrms           Baths          Count          Area            Unit        Rent Limit
          50% AMI          1                     1.0     4             722            No             667
              50% AMI           2               2.0   4          1,103              No      801
              50% AMI           1               1.0   4           722               No      667
              50% AMI           2               2.0   4          1,103              No      801
              60% AMI           1               1.0   43          722               No      801
              60% AMI           2               2.0   46         1,103              No      961
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
                 0              0               -     0            0                 0       0
      0                                       TOTAL        105     96,384


II.         UNIT SUMMARY
            Units:                                                                       Efficiency
                          Low-Income                                        60% AMI               -
                                                                            50% AMI               -
                                                                            Total                 -
                          NSP                                               120% AMI              -
                          Unrestricted                                                            -
                          Total Residential                                                       -
                          Common Space                                                            -
                          Total                                                                   -
NOTE TO APPLICANTS:
If the numbers compiled
in this Summary do not
appear to match what
was entered in the Rent
Chart above, please
NOTE TO APPLICANTS:
If the numbers compiled
                             HOME                                      0          60% AMI           -
in this Summary do not
                             (included in LI above)                               50% AMI           -
appear to match what
was entered in the Rent
                                                                                  Total             -
Chart above, please
verify that all applicable   NSP                                                  60% AMI           -
columns were completed       (included in LI above)                               50% AMI           -
in the rows used above.                                                           Total             -

                             PBRA-Assisted                                        60% AMI           -
                             (included in LI above)                               50% AMI           -
                                                                                  Total             -
                             Type of Construction Activity
                                                         New Construction         Low Inc           -
                                                                                  NSP 120%          -
                                                                                  Unrestricted      -
                                                                                  Total + CS        -
                                                         Acq/Rehab                Low Inc           -
                                                                                  NSP 120%          -
                                                                                  Unrestricted      -
                                                                                  Total + CS        -
                                                         Substantial Rehab Only   Low Inc           -
                                                                                  NSP 120%          -
                                                                                  Unrestricted      -
                                                                                  Total + CS        -
                                                         Adaptive Reuse                             -
                                                         Historic Rehab                             -
                             Building Type:
                                                         Multifamily                                -
                                                         SF Detached                                -
                                                         Townhome                                   -
                                                         Duplex                                     -
                                                         Manufactured home                          -
II.          UNIT SUMMARY (continued)
             Unit Square Footage:
                          Low Income                                              60% AMI           -
                                                                                  50% AMI           -
                                                                                  Total             -
                             NSP                                                  120% AMI          -
                             Unrestricted                                                           -
                             Total Residential                                                      -
                             Common Space                                                           -
                             Total                                                                  -
III.         ANCILLARY AND OTHER INCOME (annual amounts)

             Ancillary Income                                                                    15,277
      Other Income (OI) by Year:

      Included in Mgt Fee:                                     1            2
      Operating Subsidy                                        0            0
      Other:        0                                          0            0
                       Total OI in Mgt Fee                          -            -
      NOT Included in Mgt Fee:
      USDA 538 Loan Interest Credit (fill in Part III A tab)            0            0
      Property Tax Abatement                                   0            0
      Other:       0                                           0            0
                       Total OI NOT in Mgt Fee                      -            -


      Included in Mgt Fee:                                     11           12
      Operating Subsidy                                         0            0
      Other:        0                                           0            0
                       Total OI in Mgt Fee                          -            -
      NOT Included in Mgt Fee:
      USDA 538 Loan Interest Credit (fill in Part III A tab)            0            0
      Property Tax Abatement                                   0            0
      Other:       0                                           0            0
                       Total OI NOT in Mgt Fee                      -            -


      Included in Mgt Fee:                                     21           22
      Operating Subsidy                                         0            0
      Other:        0                                           0            0
                       Total OI in Mgt Fee                          -            -
      NOT Included in Mgt Fee:
      USDA 538 Loan Interest Credit (fill in Part III A tab)            0            0
      Property Tax Abatement                                   0            0
      Other:       0                                           0            0
                       Total OI NOT in Mgt Fee                      -            -

IV.   ANNUAL OPERATING EXPENSE BUDGET
      On-Site Staff Costs
      Management Salaries & Benefits                           99,750
      Maintenance Salaries & Benefits                               0
      Support Services Salaries & Benefits                          0
      Other (describe here)                                         0
                              Subtotal                         99,750

      On-Site Office Costs
      Office Supplies & Postage                                12,750
      Telephone                                                12,000
      Travel                                                        0
      Leased Furniture / Equipment                                  0
      Activities Supplies / Overhead Cost                      12,000
      Other (describe here)                                         0
                              Subtotal                         36,750
                     Maintenance Expenses
                     Contracted Repairs                                                                                                  2,000
                     General Repairs                                                                                                     7,923
                     Grounds Maintenance                                                                                                10,000
                     Extermination                                                                                                      10,500
                     Maintenance Supplies                                                                                                1,200
                     Elevator Maintenance                                                                                                2,000
                     Redecorating                                                                                                        5,000
                     Other (describe here)                                                                                                   0
                                                Subtotal                                                                                38,623
V.                   APPLICANT COMMENTS AND CLARIFICATIONS
*To all Applicants: Real estate taxes shown in Operating Budget should be prior to any tax abatement. Please provide methodology for real estate tax calculation. The basis for the real estate




**To all Applicants: Please provide methodology for insurance calculation. The insurance estimate is based on a quote that was provided by an insurance broker who handles all of the develo




0




0




0




                                              PART SEVEN - OPERATING PRO FORMA - 2009-039 Heritage at McDonough, , County

I. OPERATING ASSUMPTIONS                                        Please Note:                              Green-shaded cells are unlocked for your use and contain reference


Revenue Growth2.00%                                             Asset Management Fee Amount                                               7,500      Yr 1 Asset Mgt Fee Per
Expense Growth3.00%                                             Incentive Management Fee Amount                                             -        Yr 1 Incent Mgt Fee Per
              3.00%
Reserves Growth                                                 Property Mgt Fee Growth Rate (choose one):                                           Yr 1 Prop Mgt Fee Perc
              7.00%
Vacancy & Collection Loss                                          Expense Growth Rate (3.00%)                                                  0 --> If Yes, indicate Yr 1 Mg
              2.00%
Ancillary Income Limit                                             Percent of Effective Gross Income                                          Yes --> If Yes, indicate actual p

II. OPERATING PRO FORMA

Year                      1                             2                    3                     4                    5                    6                    7
Revenues          763,860                        779,137              794,720               810,614              826,827              843,363              860,230
Ancillary Income 15,277                              -                    -                     -                    -                    -                    -
Vacancy                -                             -                    -                     -                    -                    -                    -
Other Income (OI)      -                             -                    -                     -                    -                    -                    -
                       -
OI Not Subject to Mgt Fee                            -                    -                     -                    -                    -                    -
Expenses less Mgt Fee-                               -                    -                     -                    -                    -                    -
Property Mgmt    (46,748)       (46,748)     (47,683)     (48,637)     (49,610)     (50,602)     (51,614)
Reserves             -              -            -            -            -            -            -
NOI              732,389        732,389      747,037      761,977      777,217      792,761      808,616
                     -              -            -            -            -            -            -
                     -              -            -            -            -            -            -
D/S Mortgage A (255,298)       (255,298)    (255,298)    (255,298)    (255,298)    (255,298)    (255,298)
D/S Mortgage B       -              -            -            -            -            -            -
D/S Other Source     -              -            -            -            -            -            -
D/S Other Source     -              -            -            -            -            -            -
DCA HOME Cash Resrv. -              -            -            -            -            -            -
Asset Mgmt        (7,500)        (7,500)      (7,500)      (7,500)      (7,500)      (7,500)      (7,500)
DDF              (30,900)       (30,900)     (30,900)     (30,900)     (30,900)     (30,900)     (30,900)
Incentive Mgmt       -              -            -            -            -            -            -
Cash Flow        438,691        438,691      453,339      468,279      483,518      499,063      514,918


DCR First Mortgage 2.87            2.87         2.93         2.98         3.04         3.11         3.17
DCR Second Mortgage
DCR Other Source
DCR Other Source
                   16.67
Oper Exp Coverage Ratio           16.67        16.67        16.67        16.67        16.67        16.67
                     -              -            -            -            -            -            -
               2,934,558
Mortgage A Balance            2,917,810    2,899,644    2,879,942    2,858,572    2,835,394    2,810,255
Mortgage B Balance
Other Source Balance
Other Source Balance
DDF Balance      278,090       247,190      216,290      185,390      154,490      123,590       92,690

Year                     11           12           13           14           15           16           17
Revenues               -            -            -            -            -            -            -
Ancillary Income       -            -            -            -            -            -            -
Vacancy                -            -            -            -            -            -            -
Other Income (OI)      -            -            -            -            -            -            -
                       -
OI Not Subject to Mgt Fee           -            -            -            -            -            -
Expenses less Mgt Fee-              -            -            -            -            -            -
Property Mgmt          -            -            -            -            -            -            -
Reserves               -            -            -            -            -            -            -
NOI                    -            -            -            -            -            -            -
             0         -            -            -            -            -            -            -
             0         -            -            -            -            -            -            -
             0    (255,298)    (255,298)    (255,298)    (255,298)    (255,298)    (255,298)    (255,298)
             0         -            -            -            -            -            -            -
D/S Other Source       -            -            -            -            -            -            -
D/S Other Source       -            -            -            -            -            -            -
DCA HOME Cash Resrv.   -            -            -            -            -            -            -
Asset Mgmt          (7,500)      (7,500)      (7,500)      (7,500)      (7,500)      (7,500)      (7,500)
DDF                    -            -            -            -            -            -            -
Incentive Mgmt         -            -            -            -            -            -            -
Cash Flow         (262,798)    (262,798)    (262,798)    (262,798)    (262,798)    (262,798)    (262,798)
             0
             0
             0         -            -            -            -            -            -            -
V.
DCR Other Source
DCR Other Source
                    Ratio
Oper Exp Coverage#DIV/0!         #DIV/0!        #DIV/0!        #DIV/0!        #DIV/0!        #DIV/0!      #DIV/0!
                       -            -              -              -              -              -            -
                2,686,550
First Mortgage Balance        2,648,817      2,607,890      2,563,501      2,515,356      2,463,137    2,406,500
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance            -            -              -              -              -              -            -

Year                     21           22             23             24             25             26           27
Revenues               -            -              -              -              -              -            -
Ancillary Income       -            -              -              -              -              -            -
Vacancy                -            -              -              -              -              -            -
Other Income (OI)      -            -              -              -              -              -            -
                       -
OI Not Subject to Mgt Fee           -              -              -              -              -            -
Expenses less Mgt Fee-              -              -              -              -              -            -
Property Mgmt          -            -              -              -              -              -            -
Reserves               -            -              -              -              -              -            -
NOI                    -            -              -              -              -              -            -
             0         -            -              -              -              -              -            -
             0         -            -              -              -              -              -            -
             0    (255,298)    (255,298)      (255,298)      (255,298)      (255,298)      (255,298)    (255,298)
             0         -            -              -              -              -              -            -
D/S Other Source       -            -              -              -              -              -            -
D/S Other Source       -            -              -              -              -              -            -
DCA HOME Cash Resrv.   -            -              -              -              -              -            -
Asset Mgmt          (7,500)      (7,500)        (7,500)        (7,500)        (7,500)        (7,500)      (7,500)
DDF                    -            -              -              -              -              -            -
Incentive Mgmt         -            -              -              -              -              -            -
Cash Flow         (262,798)    (262,798)      (262,798)      (262,798)      (262,798)      (262,798)    (262,798)
             0
             0
             0         -            -              -              -              -              -            -
V.
DCR Other Source
DCR Other Source
                     Ratio
Oper Exp Coverage#DIV/0!         #DIV/0!        #DIV/0!        #DIV/0!        #DIV/0!        #DIV/0!      #DIV/0!
                       -            -              -              -              -              -            -
                 2,127,798
First Mortgage Balance        2,042,786      1,950,581      1,850,574      1,742,105      1,624,458    1,496,856
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance            -            -              -              -              -              -            -

Year                     31             32             33             34             35
Revenues               -            -              -              -              -
Ancillary Income       -            -              -              -              -
Vacancy                -            -              -              -              -
Other Income (OI)      -            -              -              -              -
                       -
OI Not Subject to Mgt Fee           -              -              -              -
Expenses less Mgt Fee-               -           -           -           -
Property Mgmt          -             -           -           -           -
Reserves               -             -           -           -           -
NOI                    -             -           -           -           -
            0          -             -           -           -           -
            0          -             -           -           -           -
            0    (255,298)      (255,298)   (255,298)   (255,298)   (255,298)
            0          -             -           -           -           -
D/S Other Source       -             -           -           -           -
D/S Other Source       -             -           -           -           -
DCA HOME Cash Resrv.   -             -           -           -           -
Asset Mgmt         (7,500)        (7,500)     (7,500)     (7,500)     (7,500)
DDF                    -             -           -           -           -
Incentive Mgmt         -             -           -           -           -
Cash Flow        (262,798)      (262,798)   (262,798)   (262,798)   (262,798)
            0
            0
            0          -                -        -           -           -
V.
DCR Other Source
DCR Other Source
                    Ratio
Oper Exp Coverage#DIV/0!         #DIV/0!     #DIV/0!     #DIV/0!     #DIV/0!
                       -            -           -           -           -
                  868,951
First Mortgage Balance          677,423     469,688     244,376           (0)
Second Mortgage Balance
Other Source Balance
Other Source Balance
DDF Balance            -                -        -           -           -

III. Applicant Comments & Clarifications                                        IV. DCA Comments

0                                                                               0
0                                                                               0
0                                                                               0
0                                                                               0
0                                                                               0
0                                                                               0
0                                                                               0



                                                                    PART EIGHT - THRESHOLD CRITERIA - 2009-03


                      Preliminary Rating: Incomplete

FINAL THRESHOLD DETERMINATION (DCA Use Only)

DCA's Comments / Approval Conditions:
1.)
2.)
3.)
4.)
5.)
6.)
7.)
8.)
9.)
10.)
11.)
12.)
13.)
14.)
15.)
16.)
17.)
18.)
19.)
20.)


1                  Project Feasibility, Viability Analysis, and Conformance with Plan

                          A.        Equity Commitment
                                                  1) Has the applicant closed an equity partnership with the proposed Equity provider within the last 24 month
                                                  2) How many tax credit deals have you closed with this equity provider within the past five years?
                          B.        Debt Commitment
                                                  1) a) Are any commitments submitted as “Under Consideration” which need final approval before July 31, 2
                                                     b) If yes, then state the applicable financial assistance/funding:
                                                  2) Has the applicant closed a loan with the proposed lender within the last 24 months?
                                                  3) How many loans have you closed with this lender within the past five years?
                   Applicant's comments regarding this section of Threshold:
The applicant
has not yet
selected the
equity provider,
but is
considering
Boston Capital
Partners.
The debt
commitment is
provided by
Wells
Fargo/Wachovia
Bank.
0
0
                   DCA's Comments:
0
0
0
0
0
0
0
0


2                   Tenancy Characteristics

                                     This project is designated as:
                    Applicant's comments regarding this section of Threshold:
The property will
be resricted to
persons 55
years or older.



3                   Required Services

                                  A. Applicants certify that all selected services will meet QAP policies. Does Applicant agree?
                                  B. Specify below at least 1 basic ongoing service selected from categories listed in QAP for Family projects, or at least 2 bas
                                                    1) Social and recreational programs planned and overseen by project mgr
                                                    2) Semi-monthly classes conducted on site
                                                    3) After school or adult day care located on site
                                                    4) Other service approved by DCA
                    Applicant's comments regarding this section of Threshold:
The required
services will be
provided
through NuRock
Management
and its related
services
program known
as BreakOut.



0
                    DCA's Comments:
0
0


4                   Market Feasibility

                                  A. Provide the name of the market study analyst used by applicant:
                                  B. Project absorption period
                                  C. Stabilization period
                                  D. Overall capture rate for credit units
                                  E. List DCA tax credit projects (inside a 2-mile radius for urban or 10-mile radius for rural) for years 2004 - 2008.
                                                       Grier Manor (Timber Chase 2004-037)                                      0
                                                       0                                                                        0
                                                       0                                                                        0
                                                       0                                                                        0
                                                       0                                                                        0
                                                       0                                                                        0
                                  F. Does the unit mix/rents and amenities included in the application match those provided in the market study?
                    Applicant's comments regarding this section of Threshold:
0
0
                  DCA's Comments:
0
0
0
5                 Appraisals

                                A. Is there is an identity of interest between the buyer and seller of the project?
                                B. Is an appraisal included in this application submission?
                                                     If an appraisal is included, indicate Appraiser's Name and answer the following questions:
                                                  1) Does it include the “as is” value, "as built/as complete" (encumbered), "as built/ as complete" (unencumb
                                                  2) Does the “as is” value delineate the value of the land and building?
                                                  3) Does the total hard cost of the project exceed 90% of the as completed unencumbered appraised value
                                C. Has the Ownership Entity owned the property for less than three (3) years?
                                D. Has the property been:
                                                  1) Rezoned?
                                                  2) Subdivided?
                                                  3) Modified?
                  Applicant's comments regarding this section of Threshold:
The property
owner is the
Bank of
Soperton, which
took ownership
of the property
through deed in
lieu of
foreclosure.


0
                  DCA's Comments:
0
0


6                 Environmental Requirements

                  Did the Applicant receive a DCA Noise Waiver?
                                A. Name of Consultant that prepared the Phase I Assessment:
                                B. Was the original Phase I Environmental Report for the subject property prepared in accordance with ASTM 1527-05?
                                C. Is a Phase II Environmental Report included?
                                D. Was a Noise Assessment performed?
                                   If "Yes", provide the maximum noise level on site in decibels:
                                   If "Yes", what are the contributing factors in decreasing order of magnitude?
                     Norfolk
                     Southern
                     railroad tracks
                     are located over
                     1,500 feet from
                     the property and
                     there is
                     vegatation,
                     varying
                     topography and
                     buildings
                     between the site
                     and the tracks.


                  E. Is the subject property located in a:
                                    1) Brownfield?
                                    2) 100 year flood plain / floodway?
                                        If "Yes", percentage of site that is within a floodplain:
                                        If "Yes", will any development occur in the floodplain?
                                           If "Yes", is documentation provided as per Threshold criteria?
                                    3) Wetlands?
                                        If "Yes", enter the percentage of the site that is a wetlands:
                                        If "Yes", will any development occur in the wetlands?
                                           If "Yes", is documentation provided as per Threshold criteria?
                                    4) State Waters/Streams area?
                  F. Has the Environmental Professional identified any of the following on the subject property:
                                    1) Asbestos?                                     No                  0                 3)
                                    2) Lead-based paint?                             No                  0                 4)
                                    7) Other (e.g., endangered species, Native American burial grounds, etc.):
                 G. Is all additional environmental documentation required for a HOME or NSP application included?
                                    1) Eight-Step Process completed for Wetlands and/or Floodplains?
                                    2) Has Applicant/PE completed the HOME and HUD Environmental Questionnaire?
                                    3) Owner agrees that they must refrain from undertaking any activities that could have an adverse effect on
                  H. If HUD approval has been previously granted, has the HUD Form 4128 been included?


    Applicant's comments regarding this section of Threshold:
0
0
0
0
    DCA's Comments:
0
0
0
0


7   Site Control
                  A. Is site control provided through October 31, 2009?
                  B. Form of site control:
                  C. Name of Entity with site control:
    Applicant's comments regarding this section of Threshold:
0
0
                     DCA's Comments:
0
0


8                    Site Access
                                   A. Is this site legally accessible by paved roads and are drawings or photographs included showing these roads?
                                   B. If access roads are not in place, does the application contain documentation evidencing a local commitment for the fundin
                     Applicant's comments regarding this section of Threshold:
The site has
frontage on
Bridges Road
and Brisedine
Street which are
both public
streets.
0
                     DCA's Comments:
0
0
0


9                    Site Zoning
                                   A. Is Zoning in place at the time of this application submission?
                                   B. Is Zoning conformance in writing by the authorized Local Government official, and includes the zoning & land use classific
                                   C. Is documentation provided that demonstrates that the site layout conforms to any moratoriums, density, setbacks or other
                                   D. Is this information included on the Architectural Site Conceptual Development Plan?
                                   E. Are all issues and questions surrounding the zoning and land use classification clearly defined prior to this application sub
                     Applicant's comments regarding this section of Threshold:
The zoning was
determined
through litigation
by the previous
owner and the
City and is
confirmed by a
letter from the
City Planning
Department.



0
                     DCA's Comments:
0
0
0


10                   Operating Utilities
                                   A. Check applicable utilities and enter provider name:                                   1) Gas
                                                                                                                            2) Electric
                     Applicant's comments regarding this section of Threshold:
Letter attached

0
                     DCA's Comments:
0
0
0


11                 Public Water/Sanitary Sewer/Storm Sewer

                                 A. Is there a Waiver Approval Letter From DCA included in this application for this criterion as it pertains to Rural projects?
                                 B. Check all that are available to the site and enter                                     1) Public water
                                    provider name:                                                                         2) Public sewer
                                                                                                                            3) Waiver
                   Applicant's comments regarding this section of Threshold:
Letter attached.

0


                   DCA's Comments:
0
0


12                 Required Amenities

                   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 Ameniti
                                                   1) Community area (select either community room or community building):
                                                   2) Exterior gathering area:
                                                   3) On site laundry type:
                                 B. Applicant agrees to provide the following required Additional Site Amenities in conformance with the DCA Amenit
                                    The number of amenities required depends on the total unit count: 1-50 units = 4 amenities, 51-100 units = 5 amen
                                    DCA Site Amenities Selected by Applicant:
                                                1) Beauty Parlor
                                                      Complete built-
                                                   2) in fire sprinkler
                                                      system
                                                      Equipped
                                                   3) Computer
                                                      Center
                                                      Furnished
                                                   4) Exercise/Fitness
                                                      Center
                                                      Furnished
                                                   5)
                                                      Library
                                                   6) Swimming Pool


                                 C. Applicant agrees to provide the following required Unit Amenities in conformance with the DCA Amenities Manua
                                                   1) HVAC
                                                   2) Refrigerator (Energy Star rated)
                                                   3) Dishwasher (Energy Star rated)
                                                   4) Stove
                                                   5) Powder-based stovetop fire suppression canisters installed above the range cook top
                                 D. Applicant agrees to provide the following additional required Amenities for Senior projects:
                                                   1) Elevators are installed for access to all units above the ground floor.
                                                   2) Buildings more than two story construction have interior gathering areas in several locations in the lobbie
                                                   3) a) 100% of the units are accessible and adaptable, as defined by the Fair Housing Amendments Act
                                                     b) If No, was a waiver granted?
                   Applicant's comments regarding this section of Threshold:
All amenties are
shown on the
attached
Conceptual Site
Plan and
Building layout
for the
amenity/leasing
center.

0
                   DCA's Comments:
0
0
13                 Physical Needs Assessment (Rehabilitation Projects Only)

                                 A. Type of rehab (choose one):
                                 B. Date of PNA:
                                 C. Name of consultant preparing PNA:
                                 D. Is 20-year replacement reserve study included?
                                 E. Applicant understands that in addition to propose work scope, the project must meet state and local building codes, DCA a
                                    health and safety codes and Threshold:
                   Applicant's comments regarding this section ofrequirements. Applicant agrees?
Proposed
development is
new
construction
0
0


                   DCA's Comments:
0
0
0


14                 Site Information and Conceptual Site Development Plan

                                 A. Is the Conceptual Site Development Plan included in this application and has it been prepared in accordance with instructi
                                 B. Are all site related amenities required and selected in this application indicated on the Conceptual Site Development Plan?
                   Applicant's comments regarding this section of Threshold:
Plans with a
listing of
amenites is
provided.
0
0


                   DCA's Comments:
0
0
0


15                 Building Sustainability
                                   A. Does the project meet Georgia Energy Codes?
                                   B. Do the basic design and equipment meet the requirements of the Architectural Manual, including those for Energy Star rat
                                   C. Applicant has reviewed Exhibit A to Appendix I Building Sustainability Certification and agrees to provide this Certification
                                      Architectural Submittal Manual?
                     Applicant's comments regarding this section of Threshold:
Applicant
intends to follow
the Earthcraft
Atlanta
HomeBuilders
guidelines for
Sustainable
Multifamily
design and
building utilizing
the measure
indicated on the
attached
worksheet.




0
0


                     DCA's Comments:
0
0
0
16                   Accessibility Standards
                                   A. Does this project comply with all applicable Federal and State accessibility laws including but not limited to The Fair Housi
                                      Does this project Georgia Access Law?
                                   B. Housing Law and comply with applicable DCA accessibility requirements detailed in the Accessibility Manual of the 2009 A
                                   C. Are at least 5% of the total units equipped for the mobility disabled, including wheelchair restricted residents, and at least 2
                                   D. Are at least an additional 2% of the total units equipped for hearing and sight-impaired residents?
                                   E. Applicant agrees to arrange for the inspection of the project by a DCA-qualified consultant 3 times during construction in o
                     Applicant's comments regarding this section of Threshold:
0
0
0
                     DCA's Comments:
0
0
0


17                   Architectural Design & Quality Standards
                     Is there a Waiver Approval Letter From DCA included in this application for this criterion?

                     Does this application meet the Architectural Standards contained in the Application Manual for quality and longevity?
                                   A. Constructed and Rehabilitation Construction Hard Costs - are the following minimum review standards for rehabilitatio
                                              1)        The expected life of the completed property must exceed by five years the greater of the Compliance Pe
                                              2)        All construction must meet the requirements set forth in the Manual
                                              3)        Rehabilitation projects will be considered for funding only if the per unit rehabilitation hard costs exceed $
                                              4)        per unit rehabilitation hard rehabilitation project must properties that exceed 20 years old unrestricted ap
                                                        The total hard cost of any costs exceed $25,000 for not exceed 90% of the as-completed
                                              5)        The costs of furniture, fixtures, construction of community buildings and common area amenities are not

                                   B. Standard Design Options for All Projects
                                            1)         Exterior Wall Finishes (select one)                  Exterior wall
                                            2)         Attractive Features (select two)                     faces willof or
                                                                                                            Addition have
                                                                                                            the redesign of
                                                                                                            Addition of new
                                            3)         Major Bldg Component Materials & Upgrades            or redesign of
                                                                                                            Fiber cement
                                            4)         Landscaping and Site Design Features (select two) siding, hard of
                                                       (select one)                                      Preservation
                                                                                                         existing trees
                                                                                                         Site entry w/
                                                                                                            permanent,
                   Applicant's comments regarding this section of Threshold:
The project is
new
construction, so
Section A does
not apply.


0
0
                   DCA's Comments:
0
0
0


18                 Experience

                   Is there a Pre-Determination Letter From DCA included in this application for this criterion?
                   Is there a Waiver Approval Letter From DCA included in this application for this criterion?


                                 A. Have all entities and individuals in the Owner and Developer organizational structure been identified on an organizational c
                                    Please disclose any conflict of interest between the parties:
                                    There is an
                                    identity-of-
                                    interest between
                                    the Managing
                                    General
                                    Partner, Rob
                                    Hoskins who is
                                    also a key
                                    principal in the
                                    proposed
                                    General
                                    Contractor and
                                    Management
                                    Company.




                                 B. Is there a Development fee sharing arrangement between the Owner, Developer or any other party?
                                    If Yes, disclose details in box below:
                                    0


                                 C. Is there any Guarantee Agreement?
                                    If Yes, disclose details in box below:
                                    0


                                 D. Please disclose all owner and development consultants, direct or indirect, paid or unpaid.
                                    Not applicable.
                                  E. This Application meets Owner Experience through (select one):
                                                    1) Name of Experienced Owner, Partner or Consultant:
                                                    2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?
                                                    3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materi


                                  F. This Application meets Developer Experience through (select one):
                                                    1) Name of Experienced Developer, Partner or Consultant:
                                                    2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?
                                                    3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materi


                                 G. This Application meets Manager Experience through (select one):
                                                   1) Name of Experienced Manager, Partner or Consultant:
                                                    2) Was this individual or entity determined to be experienced by DCA prior to 2009 Application Submission?
                                                    3) Will this individual or entity have a direct or indirect ownership interest in the ownership entity and materi


                                  H. If the Owner or Developer is meeting DCA experience requirements through a consulting agreement with an experienced c
                                                      name of the property through which the Owner or Developer meets said requirements.


                                   I. Is the applicant applying to DCA under the Probationary Participation provision?


                                  J. Does the Training / Developer Agreement / Partnership Agreement meet the requirement set forth in the Consultant / Part


                    Applicant's comments regarding this section of Threshold:
0
0
0


                    DCA's Comments:
0
0
0
0
0


19                  Threshold Designation Of Tier One Capacity

                                  A. Has an Entity or its principal been designated as a Tier 1 Entity by DCA for this project?
                                  B. Name of Entity or principal so designated by DCA:                                            Robert and Sandra Hoskins/NuR
                    Applicant's comments regarding this section of Threshold:
The applicant
requested
principal
approval for Tier
One staus
designation. All
the information
provided was
principal
information.


0
                     DCA's Comments:
0
0


20                   Compliance History Summary
                     Is there a Pre-Determination Letter From DCA included in this application for this criterion?

                                   A. Has the principal and entities of each General Partner, Developer, and project consultant(s) submitted a complete and cor
                                   B. Are five fully executed DCA Uniform Release Forms included in the application?
                                   C. Is the completed compliance questionnaire for each General Partner, Developer, and project consultant(s) included in the
                                   D. Has Applicant included appropriate documentation or releases from other state housing agencies (both the MultiState Rele
                     Applicant's comments regarding this section of Threshold:
Applicant has
submitted
releases to
other States,but
is not aware if
they have
responded to
DCA.


0
0


                     DCA's Comments:
0
0
0



21                   Eligibility for Credit under the Nonprofit Set-Aside

                                   A. Name of Qualified Nonprofit:
                                   B. Is the organization a qualified nonprofit, defined as a 501c(3) or 501c(4) organization not affiliated or controlled by a for-pro
                                   C. income housing? nonprofit materially participate in the project as described in IRC Section 469(h)?
                                      Does the qualified
                                   D. Does the qualified nonprofit own at least 51% of the GP's interest in the project and is the managing general partner of the
                                   E. If the nonprofit is also a developer of the project, does the nonprofit receive a percentage of the developer fee greater than
                                   F. Is a copy of the GP joint venture agreement that indicates the nonprofit's general partnership interest and developer fee am
                     Applicant's comments regarding this section of Threshold:
Applicant is a
for-profit entity.

0


                     DCA's Comments:
0
0


22                   Eligibility for HOME Loans under the CHDO Set-Aside*
                                   A. Name of CHDO:
                                   B. Is a copy of the State CHDO pre-qualification/renewal letter included in the Application?
                                   C. Is the CHDO either the sole general partner of the ownership entity or the managing general partner of the ownership entit
                                   D. If the CHDO is a general partner with a for-profit or nonprofit general partner, does the CHDO own at least 51% of the gen
                                 E. Does the CHDO (or a wholly owned or controlled affiliate) receive a percentage of the Developer Fee greater than or equa
                                 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
                                 G. Do all parties understand that the CHDO must exercise effective control of the partnership throughout the period of afforda
                   Applicant's comments regarding this section of Threshold:
Applicant is not
claiming CHDO
status.
0


                   DCA's Comments:
0
0


23                 Additional HUD Requirements
                   Is there a Pre-Determination Letter From DCA included in this application for HOME/HUD Site and Neighborhood Standards?
                                  A. The Census Tract for the property is characterized as [Choose either Minority concentration (50% or more minority), Raci
                                  B. (less than 25% minority)]: Tracts:
                                     List all contiguous Census                                        B. 0
                                 C. Is Contract Addendum included in Application?
                   Applicant's comments regarding this section of Threshold:
No HOME HUD
financing is
being proposed.

0


                   DCA's Comments:
0
0


24                 Required Legal Opinions                                                  State legal opinions included in application using boxes provided.
                                 A. Credit Eligibilty for Acquisition
                                 B. Credit Eligibilty for Assisted Living
                                 C. Nonprofit Federal Tax Exempt Status
                                 D. Accessibility Standards
                                 E. Other (If Yes, then also describe):
                   Applicant's comments regarding this section of Threshold:
0
                   DCA's Comments:



25                 Georgia Housing Search
                                 A. Applicant agrees that if Application is selected for funding, then the Applicant will list all of its existing developments in the
                                 B. Has Applicant registered all available affordable Housing Units previously funded by DCA on the Georgia Housing Search
                   Applicant's comments regarding this section of Threshold:
0


26                 Relocation and Displacement of Tenants
                                 A. Does the Applicant anticipate displacing or relocating any tenants?
                                 B. 1) Are any of the sources other than DCA HOME considered to be Federal Funding?
                                    If Yes, applicant will need to check with the source of these funds to determine if this project will trigger the Uniform Reloc
                                    2) Will any funding source used trigger the Uniform Relocation Act or HUD 104 (d) requirements?
                                 C. Are there any occupied or vacant residential or commercial buildings that will be demolished as a part of the proposed wor
                                 D. Is sufficient comparable replacement housing identified in the relocation plan according to DCA relocation requirements?
                                 E. Provide summary data collected from Relocation Displacement Spreadsheet:
                                    1) Number of Over Income Tenants
                                    2) Number of Rent Burdened Tenants
                                    3) Number of Vacancies
                                    4) Number of Down units
                                    5) Number of Displaced Tenants
                                 F. Indicate Proposed Advisory Services to be used (see Relocation Manual for further explanation):
                                    1) Individual interviews
                                    2) Meetings
                                    3) Written Notifications
                                   4) Other - describe in box provided:                                                4) 0
                   Applicant's comments regarding this section of Threshold:
Project is new
construction.
0
                   DCA's Comments:
0
0
0
27                 Marketing to Special Need Population
                                 A. Has the marketing plan been completed according to DCA requirements and included in the application binder where indic
                                 B. Name of Service Provider:                                                      B. 0
                   Applicant's comments regarding this section of Threshold:
There is no
marketing to
Special
Populations
proposed in this
application.


0
0
                   DCA's Comments:




28                 Poor Utilization of Resources
                   Applicant's comments regarding this section of Threshold:
0
0
                   DCA's Comments:
0
0
0
0
0
                                                                                   PART NINE - SCORING CRITERIA - 2009-039 Heritag




1.               APPLICATION COMPLETENESS/ORGANIZATION                                               (Applicants start with 10 points. Any points ente


             A. Missing or Incomplete Documents                                         Number:      0                For each missing or incomplete documen
             B. Financial and Other Adjustments                                         Number:      0                1-3 adjustments/revisions = one (1) pt ded
             C. Organization                                                            Number:      0                One (1) pt deducted if not organized in DC


Applicant's comments regarding this section of scoring:
0
0
DCA's Comments:                                                                   Enter "1" for each item
A. Missing / incomplete documents:                                           Nbr             0          B. Financial adjustments/revisions requested:
1                                                                                            0          1
2                                                                                           0        2
3                                                                                           0        3
4                                                                                           0        4
5                                                                                           0        5
6                                                                                           0        6
7                                                                                           0        7
8                                                                                           0        8
9                                                                                           0        9
10                                                                                          0        10
11                                                                                          0        11
12                                                                                          0        12
2.               TIER I ENTITIES
                 Name of Tier 1 Entity for which these points are being claimed                                       NuRock Development (Robert and
                 Tier One entity has a 100% ownership interest in both the General Partner and the Developer entity.
                 Applicant's comments regarding this section of scoring:
The same
individuals are
the only key
prinicipals in
both the
ownership and
developer
entities. The
applicant
requested
principal
approval for the
Tier One
designation. All
the information
provided was
principal
information.



                   DCA's Comments:
0


3.                 DEEPER TARGETING / RENT AND INCOME RESTRICTIONS
                   50% Gross Rent Restrictions / 50% Income Restrictions:                                 Nbr units to have these restrictions:
                   Applicant's comments regarding this section of scoring:
Of the 105 total
units 8 one
bedroom and 8
two bedroom
units are set-
aside.
0
                   DCA's Comments:
0
0


4.                 QUALITY GROWTH INITIATIVES                                                             See scoring criteria for further requirements and info


              A. Desirable/Undesirable Activities Characteristics                                         (Applicants need to complete Desirable/Undesirable
                   1.               Desirable Sites (1 pt each)
                   2.               Undesirable Sites (1 pt subtracted for each - points entered here will be subtracted from the score value of 10)
                   Applicant's comments regarding this section of scoring:
0
0
0
0
                   DCA's Comments:
0
0
0
0
0
0
             B. Infill / Smart Growth Rural Development
                Indicate Quality Growth Initiative to be used (choose one):                            Infill


                How does the site maximize the    1
                use of existing facilities and    2
                infrastructure?
                                                  3


                Describe Adjacent established     The property is surrounded on three side by residential development. To the north and east of the site is
                occupied residential              Chase.

                Additional information for Infill Option:
                  Indicate Infill Type (choose one):                                                   New Construction
Describe Adjacent established development that is Same as above.
on all but one side of development:

                Applicant's comments regarding this section of scoring:
0
0
                DCA's Comments:
0
0
0


             C. Community Transportation Options
                1.               Transit Oriented Development
                2.               Project located within ¼ mile walking distance of rapid rail transit station along paved roads, sidewalks, establish


                Applicant's comments regarding this section of scoring:
0
0
                DCA's Comments:
0
0


             D. Adaptive Reuse                                      (w/PNA & supporting documentation) Existing bldg formerly used as:
                Applicant's comments regarding this section of scoring:
0
0
                DCA's Comments:
0
0


             E. Brownfield                                          (With EPA/EPD Documentation)
                Applicant's comments regarding this section of scoring:
0
0
                DCA's Comments:
0
0


             F. Greyfield                                           (with supporting documentation)
                   Applicant's comments regarding this section of scoring:
0
0
                   DCA's Comments:
0
0
5.                 SUSTAINABLE DEVELOPMENTS                                                                              (choose only one)


                                 A. Sustainable Communities Certification                                                (choose only one)
                                 1. Earth Craft Communities program through Southface Energy Institute and the Greater Atlanta Home Builder’s Association
                                 2. US Green Building Council’s Leadership in Energy and Environmental Design for Neighborhood Development (LEED-ND)


OR                              B. Sustainable Building Certification                                                    (choose only one)
                                 1. Earth Craft House multifamily program through Southface Energy Institute and the Greater Atlanta Home Builder’s Associ
                                 2. Enterprise Foundation’s Green Communities certification program
                                 3. US Green Building Council’s LEED for Homes certification program


OR                              C. Energy Efficient Building Certification                              (EPA’s Energy Star program certification)
                   Applicant's comments regarding this section of scoring:
The applicant is
commited to
following a path
to Sustainable
Building
certification
through the
measure
outlined in the
attached
checklist for
Southface and
Greater Atlanta
Homebuilders
Mulitifamily
program and
Georgia Power
Energy Star
program.




0
                   DCA's Comments:
0
0


6.                 STABLE COMMUNITIES / REDEVELOPMENT / REVITALIZATION

              A. Economic Growth and Need                                                                                (choose only one)
                                 1. Economic Growth and Need                                                             Indicate Area:
OR                               2. Stable Communitiies
                                    Project is located in a census tract that meets the following demographics according to the most recent FFIEC Census Re
                                 a) Less than 10% below Poverty level (see Income)
                                    b) Designated Middle or Upper Income level (see Demographics)
                                     c) Less than 15% of housings units are rental occupied (see Housing)
                                    d) Tracts not designated as distressed or underserved (see Demographics)
                                    e) Market study must demonstrate need for affordable housing
                    Applicant's comments regarding this section of scoring:
Applicant meets
four of the five
criteria
exceeding the
percentage of
rental occupied
houses by only
5% as shown on
the attached
census file
documents.



0
                    DCA's Comments:
0
0


              B. Community Redevelop/Revitalization Plans and Strategies                                                (choose only one)
                                     1. HOPE VI Initiatives
                    The Initiative will:
                                    a) Provide affordable units for an extended period of 30 years or more;
                                    b) Be part of a mixed income phased community with a significant market component
                                     c) Facilitate the deconcentration of poverty
                                    d) Provide for community improvements or amenities
OR                                   2. Promotes Neighborhood Stabilization
                    Applicant's comments regarding this section of scoring:
The vacant
property being
proposed for
development
has been taken
back by the
Bank of
Soperton in lieu
of foreclosure
due to a default
on a
development
loan by the
previous owner
and is located in
a



blighted area
that has been
designated by
The City for
revitalization.
                    DCA's Comments:
              C. Redevelopment Incentive Programs                                          (choose only one)
                                  1. Statutory Redevelopment Plans                               OR
      OR                          2. Redevelopment Zones                                         OR                           Type:
      OR                          3. Local Redevelopment Plan                                                                 Name of Plan:
                    Indicate whether the Community Redevelop/Revitalization Plan includes the following and include the page number from the plan:
                                  a) A discussion of potential sources of funding for the plan
                                  b) A clearly delineated target area that includes the proposed project site
                                  c) Detailed policy goals (one of which must be housing)
                                  d) Implementation measures and specific time frames for the achievement of such policies and housing activities
                                  e) Proposed development supports at least one of the goals of the redevelopment or revitalization plan
                                   f) An assessment of the existing physical structures and infrastructure of the community
                    Indicate whether the Community Redevelop/Revitalization Plan is:
                                  a) formulated by the Owner of the project and submitted to a local government for approval
                                  b) a short-term work plan
                                  c) a comprehensive plan, consolidated plan, municipal zoning plan or land use plan
                                  d) outdated and does not reflect the current neighborhood conditions
                    Applicant's comments regarding this section of scoring:
0
0
0
                    DCA's Comments:
0
0
0


7.                  PHASED DEVELOPMENTS / PREVIOUS PROJECTS                                                                   (choose only one)


                           A.        Phased Developments
                                     Proposed project is part of Phased Development in which one or more phases received an allocation of 9% tax credits & a
OR                         B.        Previous Projects
                                  1. Proposed development site is w/in boundaries of Local Govt where a 9% Credit, 4% Credit and/or HOME project has not b
              or                  2. Proposed development site is w/in boundaries of Local Govt where a 9% Credit, 4% Credit and/or HOME project has not b
                    Applicant's comments regarding this section of scoring:
The last project
allocated credits
in McDonough
was Timber
Chase, DCA
project
number20003-
037



0
                    DCA's Comments:
0
0
8.         WAIVER OF QUALIFIED CONTRACT RIGHT / TENANT OWNERSHIP PLAN
                  A.        Waiver of Qualified Contract Right
                            Applicant agrees to forego the cancellation option for at least 5 years after the close of the Compliance period?
                  B.        Tenant Ownership
           Applicant's comments regarding this section of scoring:
0
0


           DCA's Comments:
0
0


9.         HISTORIC DESIGNATION
                  A.        Bldgs on project site are listed individually in National Register of Historic Places & will be preserved
      OR          B.        Buildings on the project site are potentially eligible to be listed because they are located in a:
                         1. "Registered historic district"
      or                 2. Potentially eligible district that contributes to the significance of the district and will be preserved
           Applicant's comments regarding this section of scoring:
0
0


           DCA's Comments:
0
0


10.        NONPROFIT
      A. GP is comprised of 100% nonprofit organizations and the project is applying for and is eligible for the nonprofit set-
      B. For-profit entity partnering with a nonprofit that is applying for (and is eligible) under the Plan’s Credits nonprofit se
           Applicant's comments regarding this section of scoring:
0
0
           DCA's Comments:
0
0


11.        RURAL
           Applicant's comments regarding this section of scoring:
0


12.        LOCAL GOVERNMENT SUPPORT

      A. Resolution of Support
           The resolution clearly indicates that the Local Government understands the nature of the proposed project by identifying, at a minimum:
                         a) Type of project
                         b) Number of anticipated units
                         c) Specific project location
                         d) The resolution clearly expresses the Local Government’s support of the proposed project, as opposed to merely expressin
                B. DCA Community Initiatives
                                   Letter from a designated               <<Select one>>                                   that clearly:
                                a) identifies the project as located within their political jurisdiction   < Select applicable GICH >
                                b) is indicative of the community’s affordable housing goals
                                c) identifies that the project meets one of the objectives of the formal Program Plan
                                d) is excuted by the official representative of the Community


                  Applicant's comments regarding this section of scoring:
City of
McDonough
resolution is
attached.
0
                  DCA's Comments:
0
0


13.               LEVERAGING OF RESOURCES

                A. Grants/Loans
                                1. Community Development Block Grant (CDBG) program funds ($500,000 minimum)
                                2. Federal Home Loan Bank Affordable Housing Program (AHP) ($500,000 minimum)
                                3. NSP allocated from a direct HUD allocation to an Entitlement Area (Minimum $1,000,000)


                B. Efficient use of DCA Resources
                                1. DCA OAH HOME Loan Consent
                                2. DCA allocated NSP funds ($1,000,000 minimum)


                C. Off Site Improvement, Amenity and Facility Investment
                                1. Name of Unrelated Third Party          0
                                2. Description of Improvement(s)          0
                                3. Full Cost of Improvement               0


                  Applicant's comments regarding this section of scoring:
0
0
                  DCA's Comments:
0
0


14.               DCA OPTIONAL POINTS FOR SUPERIOR PROJECT CONCEPT
                  Is the required narrative (no more than two pages) included in the application binder where indicated by the Tabs Checklist?
                  Applicant's comments regarding this section of scoring:
0
0
                  DCA's Comments:
0
0
15.               COMPLIANCE HISTORY STATUS

                  Is there a Pre-Determination Letter From DCA included in this application for this criterion?


                  A.                Owner/Developer


                  B.                Manager (Pass or Fail)


                  Applicant's comments regarding this section of scoring:
Predeterminatio
n letter is
attacehd.
0
0
                  DCA's Comments:
0
0
0
0


                                                                                                                  TOTAL POSSIBLE SCO
- 2009-039 Heritage at McDonough, McDonough, Henry County

d do not contain references/formulas.                                                             DCA Use Only - Project Nbr:
nd do contain references/formulas that can be overwritten.                                                 2009-039

                              $                  950,000                 DCA 2009 Pre-app Nbr, if pre- PA09-71
                              $                        -                 app was submitted:

                      Other: 0



                                                                         Title                       Manager
                                                                         Direct Line                  ##########
                                                                         Fax                          ##########
                  Zip+4        00000-0000                                Cellular                    -
                   Ext.          2002                                        E-mail                  rhoskins@nurock.com




                                                                        Phased Project?              No
                                                                        Scattered Site?              No
              , Georgia           Zip+4       30253-0000                Acreage                      11.63
                                  County     Henry                      Census Tract #               703.03
HUD MSA/NonMSA name                                                     QCT?
                                             Atlanta-Sandy Springs-Marietta            No                     DDA? No

                             State House
                             109
                             0


                                                  Title      Mayor
                                                  City       McDonough
               ##########                                        Fax     ##########




                # of PBRA                  D. Unit Area
                   Units                      Total Low Income Residential Square Footage                           96,384
                     0
                     0
                     0                       Total NSP 120% Residential Square Footage                                  0
                                              Total Unrestricted Residential Square Footage                                0
                                              Total Residential Square Footage                                           96,384
                                              Total Common Space Square Footage from Units                                 0
                                              Total Square Footage from Units                                            96,384

                                              Non-Residential SF from Units (Common Space)                                 0
                                              Non-Residential SF NOT from Units                                            0
                                              Total Non-Residential Square Footage                                         0




Senior (HFOP)                                 If Other, specify:                          0

                                              % of Total Units                                                           5.7%

                                              % of Total Units                                                           2.9%



 0% of Units at 60% of AMI

                                               20% of HOME-Assisted Units at 50% of AMI                                    0

                                               40% of Residential Units at 50% of AMI                                     No




              Nonprofit                            No        Rural                               No         CHDO
              Preservation                         No        Special Needs

              Supplemental



                                                                              Inducement Date:              ##########
                                                                              Applicable QAP:               0
                    0            Zip+4         00000-0000
                    0                                                            E-mail                              0
                           -                   Direct line                -                   Cellular               -



 s and Consultants (Entity and Principal) :



                                              Are you claiming Tier 1 Entity points for this application?                 Yes

) and each of its principals has a direct or indirect Ownership interest:
                             Project Participant                           Name of Project
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0




                             Project Participant                           Name of Project
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0
                             0                                             0




                                              First Building ID Nbr in Project               GA-
                                              Last Building ID Nbr in Project                GA-




                             HUD funded affordable public housing project                          0




                                                   No
                                                    0       % of Total Residential Units               0%
olds on Waiting List:                               0       % of Total Residential Units               0%
                                                            Contact      0
                                                            Email        0
                 Zip+4           00000-0000                 Direct line                -
                         -                                  Cellular                   -
                    No          If yes, expiration year:       0          Nbr yrs to forgo cancellation option:           0

                    No

                   No
                    0
                    0
                 #DIV/0!

ls been approved by DCA?
                No     ---------------------------> If Yes, new Limit is:                                         $0.00
                No     ---------------------------> If Yes, new Limit is:                                         $0.00
                No                                        Other Tenancy?                                                  0
                No                                        Probationary Experience Participation?                          0
                No                                        Service Requirement (for small rural projects)                  0
                No                                        State-Designated 30% Basis Boost?                               0
                No                                        20% Developer Fee?                                              0
                No                                        3rd Party Investment in Off-Site Amenities?                     0
                 0                                        Special Needs?                                                  0


              December 30 2009
              January 0, 1900
              September 30 2010

                                            XV.            DCA COMMENTS - DCA USE ONLY
                                            0
                                            0
                                            0
                                            0



 ELOPMENT TEAM INFORMATION - 2009-039 Heritage at McDonough, , County




Heritage McDonough Housing Partners LP                                                              Name of Principal
 460 Preston Ridge Road, Suite 175                                                                  Title of Principal
                                             Fed Tax ID: 0                                          Direct line
                  Zip+4       03000-5000                 ENTER THE 4_DIGIT EXTENSION!!!!!           Cellular
                                2002            Fax      ##########                                 E-mail
 arentheses, etc - ex: 1234567890)




NDG Heritage McDonough, LLC                                                                         Name of Principal
 460 Preston Ridge Road, Suite 175                                                                  Title of Principal
                                                                                                    Direct line
                  Zip+4       30005-0000                                                            Cellular
                                2002              Fax      ##########                               E-mail
                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail

                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail



                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail

                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail



                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail


NuRock Development Group, Inc.                    Name of Principal
 460 Preston Ridge Road, Suite 175                Title of Principal
                                                  Direct line
                Zip+4      30005-0000             Cellular
                             2002       Fax   -   E-mail

                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail

                                                  Name of Principal
                                                  Title of Principal
                                                  Direct line
                Zip+4      00000-0000             Cellular
                               0        Fax   -   E-mail
                                                                                                       Name of Principal
                                                                                                       Title of Principal
                                                                                                       Direct line
                   Zip+4         00000-0000                                                            Cellular
                                     0             Fax      -                                          E-mail



                                                                                                       Name of Principal
                                                                                                       Title of Principal
                                                                                                       Direct line
                   Zip+4         00000-0000                                                            Cellular
                                     0             Fax      -                                          E-mail

NuRock Constuction                                                                                     Name of Principal
 460 Preston Ridge Road, Suite 175                                                                     Title of Principal
                                                                                                       Direct line
                   Zip+4         00300-5000                                                            Cellular
                                   2002            Fax       ##########                                E-mail

NuRock Management                                                                                      Name of Principal
 460 preston Ridge Road, Suite 175                                                                     Title of Principal
                                                                                                       Direct line
                   Zip+4         30005-0000                                                            Cellular
                                   2002            Fax       ##########                                E-mail

To be determined                                                                                       Name of Principal
                                                                                                       Title of Principal
                                                                                                       Direct line
                   Zip+4         00000-0000                                                            Cellular
                                     0             Fax      -                                          E-mail


To be determined                                                                                       Name of Principal
                                                                                                       Title of Principal
                                                                                                       Direct line
                   Zip+4         00000-0000                                                            Cellular
                                     0             Fax      -                                          E-mail

Morton Gruber, AIA, Architect                                                                          Name of Principal
 45 Peachtree Street NE, Suite 2445                                                                    Title of Principal
                                                                                                       Direct line
                   Zip+4         30303-0000                                                            Cellular
                                     1             Fax       ##########                                E-mail

ach participant listed below.)

 son, principal, or agent for   3. Does this entity have an 4. Does this entity have an       5. Has this entity ever
                                                                                                                              6. Applicable
been convicted of a felony      identity of interest with any identity of interest with any     been debarred or
                                                                  member, officer, or       suspended from any local,   Organizational Type (For
No)?. If yes, attach            other entity in this chart? If
                                                               employee of DCA? If yes, state, or federal housing       Profit, Nonprofit, CHDO)
 xplanation.                     yes, attach explanation.
                                                                 attach explanation.         program? If yes, attach
 son, principal, or agent for   3. Does this entity have an 4. Does this entity have an         5. Has this entity ever
                                                                                                                                  6. Applicable
been convicted of a felony      identity of interest with any identity of interest with any        been debarred or
                                                                   member, officer, or        suspended from any local,     Organizational Type (For
No)?. If yes, attach            other entity in this chart? If
                                                               employee of DCA? If yes,        state, or federal housing    Profit, Nonprofit, CHDO)
 xplanation.                     yes, attach explanation.
                                                                  attach explanation.          program? If yes, attach
                                Yes                            No                             No                           For Profit
                                              0                             0                              0                            0
                                              0                             0                              0                            0
                                No                             No                             No                           For Profit
                                No                             No                             No                           For Profit
                                              0                             0                              0                            0
                                Yes                            No                             No                           For Profit
                                              0                             0                              0                            0
                                              0                             0                              0                            0
                                              0                             0                              0                            0
                                              0                             0                              0                            0
                                Yes                            No                             No                           For Profit
                                Yes                            No                             No                           For Profit

                                                                                              VI.           DCA COMMENTS - DCA USE ONLY

                                                                                              0




                                                                                              0
                                                                                              0
                                                                                              0
                                                                                              0



 NDS - 2009-039 Heritage at McDonough, McDonough, Henry County




              Tax Exempt Bonds                                     No          HOPE VI                            No       FHLB/AHP*
              Taxable Bonds                                                                                       No       Historic Rehab Credits
              DCA NSP* - if yes, amount:                                   0                                      No       FHA Insured Mortgage
              Other NSP* - if yes, amount:                                 0                                       0       Other - describe here
ith source. For DCA HOME, refer to Relocation Manual. NSP = Neighborhood Stabilization Program



                                Amount                                                        Effective Interest Rate      Term (In Months)
                                  9,100,000                                                         5.250%                           24
                                        -                                                           0.000%                            0
                                        -                                                           0.000%                            0
                                        -
                              -
                              -
                        1,034,397
                          397,049
                              -
                              -
                              -
                       10,531,446
                       10,531,446
                                0

                                                          Annual Debt
                        Effective      Term     Amort.    Service in
Principal Amount        Int Rate      (Years)   (Years)                          Loan Type
                        0.000%           0         0                             Amortizing
                        8.150%          18        35         255,298             Amortizing
                        0.000%           0         0                                          0
                        0.000%           0         0                                          0
                        0.000%           0         0                                          0
                        0.000%           0         0                                          0

                       % of TDC
                       6513634%                           Proposed
                       2520948%                           DCA HOME
                       9034582%                               Year:       1 -7         8              9
                                                              Rate:     0.000%     0.000%         0.000%
                                                               11         12          13             14
                                                             0.000%     0.000%     0.000%         0.000%
                                                                16         17         18             19
                                                             0.000%     0.000%     0.000%         0.000%
                                                                21         22         23             24
                                                             0.000%     0.000%     0.000%         0.000%
                                                                26         27         28             29
                                                             0.000%     0.000%     0.000%         0.000%




                   IV.              DCA COMMENTS - DCA USE ONLY

                   0
                   0
                   0
                   0
                   0
, McDonough, Henry County



                                    Min
                                  Required
                                 HOME Units
                                     0




Formula: HOME Percent of Total Units = # Home Units / # Total Units)
 ME loan is $2,500,000 for Rural and $2,000,000 for Urban


Application Deadline, this amount must match
on the DCA HOME Loan Consent Approval

nvestment Proportion of Total Eligible Cost =
est (Investment) / Total HOME Eligible Costs)




OUR - USES OF FUNDS - 2009-039 Heritage at McDonough, , County

TIFICATION OF ACTUAL COST AND OPINION AS TO ELIGIBLE BASIS


                  New Construction Basis                    Acquisition Basis                 Rehabilitation Basis


                                                                         PRE-DEVELOPMENT COSTS
                                        7,500                               -                                   -
                                        7,500                               -                                   -
                                       25,000                               -                                   -
                                       10,000                               -                                   -
                                       50,000                               -                                   -
                                          -                                 -                                   -
                                          -                                 -                                   -
                                          -                                 -                                   -
                                          -                                 -                                   -
                                      100,000                               -                                   -

                                                                                ACQUISITION


                                                                            -
                                                                            -
                                                                            -

                                                                            SITE IMPROVEMENTS
                                    1,050,000                               -                                   -
             1,050,000                   -                                -

                                   UNIT/BUILDING CONSTRUCTION*
             4,812,000                  -                                 -
                   -                    -                                 -
               600,000                  -                                 -
                   -                    -                                 -
               324,720                  -                                 -
             5,736,720                  -                                 -

                                       CONTRACTOR SERVICES
               129,240                  -                                 -
               387,720                  -                                 -
               387,720                  -                                 -


               904,680                   -                                -




New Construction Basis   Acquisition Basis              Rehabilitation Basis



                                  CONSTRUCTION PERIOD FINANCING
                91,000                 -                                  -
               957,342                 -                                  -
                75,000                 -                                  -
                52,500                 -                                  -
                47,250                 -                                  -
                   -                   -                                  -
                   -                   -                                  -
             1,223,092                 -                                  -

                                      PROFESSIONAL SERVICES
               108,000                  -                                 -
                36,000                  -                                 -
               125,000                  -                                 -
                15,000                  -                                 -
                18,000                  -                                 -
                   -                    -                                 -
               302,000                  -                                 -

                                      LOCAL GOVERNMENT FEES
               138,973                  -                                 -
               115,981                  -                                 -
                75,000                  -                                 -
                75,000                  -                                 -
               404,954                  -                                 -

                                     PERMANENT FINANCING FEES
                   -                     -                                     -
                11,250                   -                                     -
                   -                     -                                     -
                   -                     -                                     -
                   -                     -                                     -
                11,250                   -                                     -



New Construction Basis   Acquisition Basis                   Rehabilitation Basis



                                         DCA-RELATED COSTS




                                              EQUITY COSTS




                                             DEVELOPER'S FEE
                   -                     -                                     -
                   -                     -                                     -
             1,500,000                   -                                     -
             1,500,000                   -                                     -

                                      START-UP AND RESERVES




               175,000                   -                                     -
                   -                     -                                     -
               175,000                   -                                     -

                                              OTHER COSTS
                    -                    -                                     -
                    -                    -                                     -
                    -                    -                                     -
                    -                    -                                     -
                                        11,407,696                                                        -                                                        -

                 TDC Breakdown:                                              Per Unit                                                                     121,383.82
                                                                           Per Square Foot                                                                    132.23


                    New Construction Basis                                    4% Acquisition Basis                                      Rehabilitation Basis


                                                 -                                                                                                                 -
                                                 -                                                                                                                 -
                                                 -                                                                                                                 -
                                                 -                                                                                                                 -
                                                 -                                                                                                                 -
                                                 -                                                                                                                 -
                                   0                                                                                                                 0


                            11,407,696                                                      0                                                      0
                                 0                                                                                                                 0
                            11,407,696                                                      0                                                      0
                              100.00%                                                                                                            0.00%
                            11,407,696                                                    0                                                        0
                              100.00%                                                  100.00%                                                  100.00%
                            11,407,696                                                    0                                                        0
                               9.00%                                                    0.00%                                                    0.00%
                             1,026,693                                                    0                                                        0
                                                                                      1,026,693



                                                                                     Maximum TDC:
                                       12,745,301                                           0
                                             0
                                       12,745,301
                                            / 10
                                        1,274,530                                                          Federal                                                      State
                                          1.0000                                  =                        0.7500                           +                          0.2500
                                        1,274,530

                                             0                                                                             Lower credit amount, if requested:


                                       VI.              DCA COMMENTS - DCA USE ONLY
                                      0
ased on the per unit cost from a detailed actual budget and bids from subcontractors for a similar development that was designed by the same architect and will be built by the same constru
                                      0
                                      0
                                      0
                                      0
Heritage at McDonough, , County

               DCA
               June 1 2009                     Structure   MF

                      Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
                      0            1             2           3            4
                      0            7             8           0            0
                      0           29            37           0            0
                      0            8            11           0            0
                      0           25            33           0            0
                      0           24            30           0            0
                      0            0             0           0            0
                      0            0             0           0            0
                      0           93           119           0            0

               0
               January 0, 1900                 Structure   0

                      Tenant-Paid Utility Allowances by Unit Size (# Bdrms)
                      0           1             2            3            4
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0
                      0           0             0            0            0

fy the DCA definition of "elderly"




 & EXPENSES - 2009-039 Heritage at McDonough, , County

 Rent Type of "N/A-CS" to Common Space units. Do NOT include PHA operating subsidy in PBRA Source.

HOME projects must indicate "Yes" in the "HOME Unit" column in the chart below to designate HOME units.


                 Proposed            Utility    PBRA             Monthly Net Rent       Employee   Building       Type of
                Gross Rent       Allowance     Provider        Per Unit      Total        Unit       Type         Activity
                     443               93         0                  350        1,400     No       3+ Story   New Construction
569            119            0             450     1,800        No            3+ Story     New Construction
628             93            0             535     2,140        No            3+ Story     New Construction
754            119            0             635     2,540        No            3+ Story     New Construction
668             93            0             575    24,725        No            3+ Story     New Construction
794            119            0             675    31,050        No            3+ Story     New Construction
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
 0               0            0             -         -          0                0               0
                                  MONTHLY TOTAL    63,655
                                   ANNUAL TOTAL   763,860
                                                                                                ERROR
                                                                                             Between Rent
  1BR            2BR              3BR      4BR     Total                                      Schedule &
          43             46       -         -          89 (Include manager units that are          0
           8              8       -         -          16 income restricted)                       0
          51             54       -         -        105                                           0
      -              -            -         -        -                                             0
      -              -            -         -        -                                             0
          51             54       -         -        105                                           0
      -              -            -         -        -    (no rent to be charged)                  0
          51             54       -         -        105                                           0
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -              0

     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -             210

     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -              0


         51              54         -               -              105            0
     -               -              -               -              -
     -               -              -               -              -              0
         51              54         -               -              105            0
     -               -              -               -              -              0
     -               -              -               -              -
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -              0


         51              54         -               -              105           105
     -               -              -               -              -              0
     -               -              -               -              -              0
     -               -              -               -              -             105
     -               -              -               -              -              0




  31,046         50,738             -               -          81,784             0
   5,776          8,824             -               -          14,600             0
  36,822         59,562             -               -          96,384             0
     -              -               -               -             -               0
     -              -               -               -             -               0
  36,822         59,562             -               -          96,384             0
     -              -               -               -             -               0
  36,822         59,562             -               -          96,384             0



Laundry, vending, app fees, etc. Will be exactly 2% of potential gross income.
       3                  4           5            6            7                   8                 9              10
       0                  0           0            0            0                   0                 0               0
       0                  0           0            0            0                   0                 0               0
           -                  -            -            -            -                  -                 -               -

               0                  0            0            0            0                  0                 0               0
       0                  0           0            0            0                   0                 0              0
       0                  0           0            0            0                   0                 0              0
           -                  -            -            -            -                  -                 -               -


      13                 14           15           16           17                 18                19              20
       0                  0            0            0            0                  0                 0               0
       0                  0            0            0            0                  0                 0               0
           -                  -            -            -            -                  -                 -               -

               0                  0            0            0            0                  0                 0               0
       0                  0           0            0            0                   0                 0              0
       0                  0           0            0            0                   0                 0              0
           -                  -            -            -            -                  -                 -               -


      23                 24           25           26           27                 28                29              30
       0                  0            0            0            0                  0                 0               0
       0                  0            0            0            0                  0                 0               0
           -                  -            -            -            -                  -                 -               -

               0                  0            0            0            0                  0                 0               0
       0                  0           0            0            0                   0                 0              0
       0                  0           0            0            0                   0                 0              0
           -                  -            -            -            -                  -                 -               -


On-Site Security                                                             Taxes and Insurance
Contracted Guard                                            0                Real Estate Taxes (Gross)*               84,000
Electronic Alarm System                                     0                Insurance**                              23,625
                  Subtotal                                  0                Other (describe here)                         0
                                                                                 Subtotal                            107,625


Professional Services                                                        Management Fee:                          43,476
Legal                                               3,000                        #DIV/0!        per unit per year
Accounting                                          6,000                        #DIV/0!        per unit per month
Advertising                                        12,000
Other (describe here)                                   0                    (Management Fee is from Pro Forma,
                        Subtotal                    21,000                   Section 1, Operating Assumptions)
                    Utilities                                                                                                   TOTAL OPERATING EXPENSES
                    Electricity                                                               25,000                              #DIV/0! per unit     403,724
                    Natural Gas                                                                    0
                    Water & Sewer                                                             21,000
                    Trash Collection                                                          10,500                            Replacement Reserve                                   25,200
                    Other (describe here)                                                          0                            Enter desired per unit amount:                           240
                                                Subtotal                                       56,500

                                                                                                                                TOTAL ANNUAL EXPENSES
                                                                                                                                                                                    428,924
                                                               VI.                   DCA COMMENTS
                                                                  0
calculation. The basis for the real estate tax calculation is based upon a methodology used by a consultant that specializes in property tax appeals that utilizes comparable property valuation and the current milla




                                                               0
ce broker who handles all of the developer's porfolio of over 4,000 units. A copy of the estimate is attached.




                                                               0




                                                               0




                                                               0




McDonough, , County

 your use and contain references/formulas that can be overwritten.


   Yr 1 Asset Mgt Fee Percentage of EGI:
   Yr 1 Incent Mgt Fee Percentage of EGI:
   Yr 1 Prop Mgt Fee Percentage of EGI:
--> If Yes, indicate Yr 1 Mgt Fee Amt:                                       0
--> If Yes, indicate actual percentage:                                 6.000%



                                  8                    9                    10
                           877,435              894,984               912,883
                               -                    -                     -
                               -                    -                     -
                               -                    -                     -
                               -                    -                     -
                               -                    -                     -
  (52,646)     (53,699)     (54,773)
      -            -            -
  824,789      841,285      858,110
      -            -            -
      -            -            -
 (255,298)    (255,298)    (255,298)
      -            -            -
      -            -            -
      -            -            -
      -            -            -
   (7,500)      (7,500)      (7,500)
  (30,900)     (30,900)     (30,890)
      -            -            -
  531,091      547,586      564,422


     3.23         3.30         3.36



    16.67        16.67        16.67
      -            -            -
2,782,989    2,753,415    2,721,340



  61,790       30,890           -

        18           19           20
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
 (255,298)    (255,298)    (255,298)
      -            -            -
      -            -            -
      -            -            -
      -            -            -
   (7,500)      (7,500)      (7,500)
      -            -            -
      -            -            -
 (262,798)    (262,798)    (262,798)


      -            -            -
   #DIV/0!      #DIV/0!      #DIV/0!
      -            -            -
2,345,070    2,278,443    2,206,178



      -            -            -

        28           29           30
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
      -            -            -
 (255,298)    (255,298)    (255,298)
      -            -            -
      -            -            -
      -            -            -
      -            -            -
   (7,500)      (7,500)      (7,500)
      -            -            -
      -            -            -
 (262,798)    (262,798)    (262,798)


      -            -            -



   #DIV/0!      #DIV/0!      #DIV/0!
      -            -            -
1,358,457    1,208,348    1,045,538



      -            -            -
OLD CRITERIA - 2009-039 Heritage at McDonough, , County

                                                          Applicant Response
                                                         Pass?


                                                            A.
 provider within the last 24 months?                        1)   Yes
hin the past five years?                                    2)    5
                                                            B.
ed final approval before July 31, 2009?                    1a)   No
                                          << Select >>     1b)    0
                                                            2)   Yes
                                                            3)    3
                                                                                                                    Pass?


                          Senior (HFOP)                                                                                       0
                                                    DCA's Comments:
                                                    0




                                                                                                                    Pass?


e?                                                                                                                          Agree
Family projects, or at least 2 basic ongoing services selected from categories listed in QAP for Senior projects:
                                                                                                                       1)   Yes
                                                                                                                       2)   Yes
                                                                                                                       3)    No
                                                                   4) 0




                                                                                                                    Pass?


                                                                                    A. John Wall and Associates
                                                                                    B. 14 to 16 months
                                                                                    C. 16-19 months
                                                                                    D. 0.226
r years 2004 - 2008.                                                                                                   E.     0
                                                                      0
                                                                      0
                                                                      0
                                                                      0
                                                                      0
                                                                      0
the market study?                                                                                                      F.   Yes
                                                                                                           Pass?


                                                                                                              A.   No
                                                                                                              B.   No
llowing questions:                                                                  0
                                                                    Appraiser's Name:
as built/ as complete" (unencumbered) values of the proposed subject property and tax credit value?           1)    0
                                                                                                              2)    0
unencumbered appraised value of the property?                                                                 3)    0
                                                                                                              C.   Yes


                                                                                                              1)   Yes
                                                                                                              2)   No
                                                                                                              3)   No




                                                                                                           Pass?


                                                                                                                   No
                                                                                  A. Sailors Engineering
dance with ASTM 1527-05?                                                                                      B.   Yes
                                                                                                              C.   No
                                                                                                              D.   Yes
                                                                                                                   61.5
                                                                                                                1)       No
                                                                                                                2)       No
                                                                                                                          0
                                                                                                                          0
                                                                                                                          0
                                                                                                                3)       No
                                                                                                                          0
                                                                                                                          0
                                                                                                                          0
                                                                                                                4)       No


               PCB's?                  No               0           5) Lead in water?       No           0
               Mold?                   No               0           6) Radon?               No           0
                                N/A                                                                                       0
                                                                                                                G.       Yes
                                                                                                                1)       No
                                                                                                                2)       Yes
could have an adverse effect on the subject property?                                                           3)       Yes
                                                                                                                H.       N/A




                                                                                                             Pass?
                                                                                                                A.       Yes
                                                                                    B. Contract/Option               0
                                              C. Bank of Soperton                                                         0
                                                                                          Pass?
howing these roads?                                                                          A.   Yes
a local commitment for the funding and the timetable for completion of such paved road?      B.    0




                                                                                          Pass?
                                                                                             A.   Yes
es the zoning & land use classifications?                                                    B.   Yes
riums, density, setbacks or other requirements?                                              C.   Yes
                                                                                             D.   Yes
efined prior to this application submission?                                                 E.   Yes




                                                                                          Pass?
                         0         <<Enter Provider Name Here>>                              1)    0
                         0         Georgia Power                                             2)   Yes
                                                                                                                      Pass?


as it pertains to Rural projects?                                                                                        A.    No
                           0        Henry County Water and Sewerage Authority                                            1)   Yes
                          0         Henry County Water and Sewerage Authority                                            2)   Yes
                          0         <<Enter Provider Name Here>>                                                         3)     0




                                                                                                                      Pass?


                                                                                                                                0
ormance with the DCA Amenities Manual (select one in each category):                                                     A.   Agree
                                                                                                 1) Room                      Agree
                                                                                                 2) Gazebo                    Agree
                                                                                 3) On-site laundry                           Agree
formance with the DCA Amenities Manual.                                                               Nbr Amenities      B.   Agree
menities, 51-100 units = 5 amenities; 100+ units = 6 amenities.                                            6                   Additional Amenities
                   DCA Verified? Additional Amenities (describe in space provided below)                                      Pre-approved by DCA?
                          0         0                                                                                           0

                          0         0                                                                                           0



                          0         0                                                                                           0



                          0         0                                                                                           0


                          0         0                                                                                           0

                          0         0                                                                                           0


with the DCA Amenities Manual:                                                                                           C.   Agree
                                                                                                                         1)   Yes
                                                                                                                         2)   Yes
                                                                                                                         3)   Yes
                                                                                                                         4)   Yes
                                                                                                                         5)   Yes
                                                                                                                         D.   Agree
                                                                                                                         1)   Agree
 in several locations in the lobbies and/or corridors                                                                    2)   Agree
air Housing Amendments Act                                                                                              3a)   Agree
                                                                                                                           3b)        0




                                                                                                                         Pass?


                                                                                                      A. <<Select>>              0
                                                                                                      B. #############           #############
                                                                                                      C. 0                       0
                                                                                                                            D.        0
e and local building codes, DCA architectural requirements as set forth in the QAP and Manuals, and                         E.        0




                                                                                                                         Pass?


pared in accordance with instructions set forth in the Manual?                                                              A.       Yes
nceptual Site Development Plan?                                                                                             B.       Yes




                                                                                                                         Pass?
                                                                                                                         A.   Yes
cluding those for Energy Star rated appliances?                                                                          B.   Yes
rees to provide this Certification if funded with Step II Architectural Submittal documents in accordance with the       C.   Yes




                                                                                                                      Pass?
 but not limited to The Fair Housing Act, Section 504, American with Disabilities Act, Georgia Fair                      A.   Yes
ccessibility Manual of the 2009 Application Manual?                                                                      B.   Yes
estricted residents, and at least 2% of the total units (to be part of this 5%) are equipped with roll-in showers?       C.   Yes
                                                                                                                         D.   Yes
t 3 times during construction in order to certify the project's as-built compliance with accessibility regulations?      E.   Yes




                                                                                                                      Pass?
                                                                                                                              No


                                                                                                                              Yes
 review standards for rehabilitation projects met or exceeded by this project?
he greater of the Compliance Period or the Period of Affordability                                                       1)    0
                                                                                                                         2)    0
rehabilitation hard costs exceed $20,000 for properties less than 20 years old and the                                   3)    0
eed 20 years old unrestricted appraised value of the property
 the as-completed                                                                                                        4)    0
common area amenities are not included in these amounts                                                                  5)    0

                                                                                                                         B.    0
                                              1)    0
                                              2)    0
                                                    0
                                              3)    0
                                              4)    0
                                                    0




                                           Pass?


                                                   Yes
                                                   No

n identified on an organizational chart?      A.   Yes




                                              B.   No




                                              C.   No
                                                                                                    E. Owner                            0
                                                                                                    1) Robert G. Hoskins                0
 to 2009 Application Submission?                                                                                                   2)        0
n the ownership entity and materially participate in ownership and operation of the project?                                       3)        0


                                                                                                     F. Developer                       0
                                                                                                     1) NuRock Development Group        0
 to 2009 Application Submission?                                                                                                   2)        0
n the ownership entity and materially participate in ownership and operation of the project?                                       3)        0


                                                                                                    G. Manager                          0
                                                                                                    1) NuRock Management Group          0
 to 2009 Application Submission?                                                                                                   2)        0
n the ownership entity and materially participate in ownership and operation of the project?                                       3)        0

agreement with an experienced consultant, the Applicant must state the
                                                                                      Name of Property: 0                               0


                                                                                                                                   I.       No


 set forth in the Consultant / Partnership Training Manual?                                                                        J.       Yes




                                                                                                                             Pass?


                                                                                                                                   A.       Yes
obert and Sandra Hoskins/NuRock Development                                                                                        B.        0
                                                                                                               Pass?
                                                                                                                       Yes

(s) submitted a complete and correct DCA Compliance History Summary Form?                                         A.   Yes
                                                                                                                  B.   Yes
 ect consultant(s) included in the application?                                                                   C.   Yes
 gencies (both the MultiState Release Form and the Uniform Release Form)?                                         D.   Yes




                                                                                                               Pass?


                                                     A. 0                                                               0
affiliated or controlled by a for-profit organization, and whose tax-exempt purpose is the fostering of low-      B.    0
                                                                                                                  C.    0
 managing general partner of the ownership entity?                                                                D.    0
 of the developer fee greater than or equal to its percentage of its ownership interest?                          E.    0
ship interest and developer fee amount included in the application?                                               F.    0




                                                                                                               Pass?
                                                  A. 0                                                                  0
                                                                                                                  B.    0
eral partner of the ownership entity?                                                                             C.    0
HDO own at least 51% of the general partnership interest?                                                         D.    0
veloper Fee greater than or equal to the percentage of ownership interest?                                                   E.     0
(or the share of the wholly owned and controlled affiliate) of Developer Fee included in Application?                        F.     0
p throughout the period of affordability?                                                                                    G.     0




                                                                                                                          Pass?
orhood Standards?                                                                                                                  No
on (50% or more minority), Racially mixed (25% - 49% minority), or Non-minority                         A. Non-minority                 <<Select>>
                                                                                                                                   No
                                                                                                                             C.    No




cation using boxes provided.                                                                                              Pass?
                                                                                                                             A.    No
                                                                                                                             B.    No
                                                                                                                             C.    No
                                                                                                                             D.    No
                                                  E.                0                                                               0




                                                                                                                          Pass?
f its existing developments in the Georgia Housing Search within six months of selection. I agree.                           A.   Agree
 on the Georgia Housing Search website?                                                                                      B.   Yes
                                                       DCA's Comments:
                                                       0


                                                                                                                          Pass?
                                                                                                                             A.    No
                                                                                                                            B1)    No
ect will trigger the Uniform Relocation Act or 104(d).
                                                                                                                             2)    No
hed as a part of the proposed work scope?                                                                                    C.    No
o DCA relocation requirements?                                                                                               D.    No
                                                                  E.
                                                                  1)
                                                                  2)
                                                                  3)
                                                                  4)
                                                                  5)
                                                                  F.
                                                                  1)   0
                                                                  2)   0
                                                                  3)   0
                                                                       0
                                                                  4)   0




                                                               Pass?
he application binder where indicated by the Tabs Checklist?      A.   No
                                                                       No




                                                               Pass?
TERIA - 2009-039 Heritage at McDonough, , County

                                                                                                        Score                         Self           DCA
                                                                                                        Value                        Score           Score

                                                                                         TOTALS:                                      63               10

with 10 points. Any points entered will be subtracted from score value)                                  10                           10               10

or each missing or incomplete document, one (1) point will be deducted                                    7                     A.    0                 0
3 adjustments/revisions = one (1) pt deduction total; then (1) pt deducted for each add'l adjustment.     0                     B.    0                 0
ne (1) pt deducted if not organized in DCA format and/or required document not in correct tab.            1                     C.    0                 0




                                                           Enter "1" for each item                                                         Enter "1" for each item
 tments/revisions requested:                             Nbr             0          C. Documents not organized correctly: Nbr                           0
                                                                         0          1                                                                   0
                                                                         0          2                                                                   0
                                                                         0          3                                                                   0
                                                                         0          4                                                                   0
                                                                         0          5                                                                   0
                                                                         0          6                                                                   0
                                                                         0          7                                                                   0
                                                                         0          8                                                                   0
                                                                         0          9                                                                   0
                                                                         0          10                                                                  0
                                                                         0          11                                                                  0
                                                                         0          12                                                                  0
                                                                                                          3                           3                 0
uRock Development (Robert and Sandra Hoskins)
                                                                                                                                     Yes                0
                                                                                         3            3    0
hese restrictions:                           16        Percent of Residential Units:    15.2%




a for further requirements and information                                                            12   0

o complete Desirable/Undesirable Certification form)                                     10      A.    9   0
                                                                                       various   1.   10   0
 the score value of 10)                                                                various   2.    1   0
                                                                                            3                      B.         3                0




o the north and east of the site is a single family subdivision named Whispering Pines and to the west is an existing apartment community named Amber




                                                                                            3                      C.         0                0
                                 OR                                                         3                       1.        0                0
ved roads, sidewalks, established pedestrian walkways or bike trails.                       3                       2.        0                0




                0                                                                           3                      D.         0                0




                                                                                            3                      E.         0                0




                                                                                            3                       F.        0                0
choose only one)                             6    A.     3          0

choose only one)                             6    A.     0          0
anta Home Builder’s Association         OR   6    1.     0          0
orhood Development (LEED-ND)                 6    2.     0          0

choose only one)                             3    B.     3          0
er Atlanta Home Builder’s Association   OR   3    1.     3          0
                                        OR   3    2.     0          0
                                             3    2.     0          0

r program certification)                     1    C.     0          0




                                             12           3          0

choose only one)                             3           0          0
                 <<Select>>                  3    1.     0          0
                                             3    2.     0          0
e most recent FFIEC Census Report:                     Yes / No   Yes / No
                                                  a)    Yes         0
                       b)    Yes         0
                       c)    No          0
                       d)    Yes         0
                       e)    Yes         0




choose only one)   6   B.     3          0
                   6   1.     0          0
                            Yes / No   Yes / No
                       a)     0          0
                       b)     0          0
                       c)     0          0
                       d)    Yes         0
                   3   2.     3          0
                                                                                  3   C.     0          0
                                                                                  3   1.     0          0
                0                       Number:                 0                 1   2.     0          0
                0                                                                 1   3.     0          0
 number from the plan:                               Page Nbr                              Yes / No   Yes / No
                                              a)         0                0           a)     0          0
                                              b)         0                0           b)     0          0
                                               c)        0                0           c)     0          0
and housing activities                        d)         0                0           d)     0          0
                                              e)         0                0           e)     0          0
                                               f)        0                0           f)     0          0
                                                     Page Nbr                              Yes / No   Yes / No
                                              a)         0                0           a)     0          0
                                              b)         0                0           b)     0          0
                                               c)        0                0           c)     0          0
                                              d)         0                0           d)     0          0




choose only one)                                                                  6          3          0


n allocation of 9% tax credits & at least one phase has commenced construction.   6   A.     0          0
                                                                                  3   B.     3          0
it and/or HOME project has not been awarded w/in last 4 DCA funding cycles.       3   1.     3          0
it and/or HOME project has not been awarded w/in last 3 DCA funding cycles.       2   2.     0          0
                                 (choose only one)                2          2          0
                                                                  2   A.     2          0
e Compliance period?                   Yes                                   0          0
                                                                  1   B.     0          0




                                 (choose only one)                3          0          0
c Places & will be preserved according to SHPO rqmts              3   A.     0          0
hey are located in a:
                                                                  1   1.     0          0
                                                                  1   2.     0          0




                                 (choose only one)                2          0          0
ligible for the nonprofit set-aside                               2   A.     0          0
 Plan’s Credits nonprofit set-aside                               1   B.     0          0




                                 (80 residential units or less)   2          0          0
                                 DCA's Comments:
                                 0


                                                                  4          3          0

                                                                  3   A.     3          0
by identifying, at a minimum:                                              Yes / No   Yes / No
                                                                      a)    Yes         0
                                                                      b)    Yes         0
                                                                      c)    Yes         0
, as opposed to merely expressing indifference                        d)    Yes         0
                                                                                     1   B.     0          0
                                                                                              Yes / No   Yes / No
                < Select Signature Community >   <Select Community of Opportunity>       a)     N/a        0
                                                                                         b)     N/a        0
                                                                                         c)     N/a        0
                                                                                         d)     N/a        0




                                                                                     9          0          0

                                                                                     3   A.     0          0
                                                                                     1   1.     0          0
                                                                                     1   2.     0          0
                                                                                     3   2.     0          0

                                                                                     6   B.     0          0
                                                                                     6   1.     0          0
                                                                                     6   2.     0          0

                                                                                     1   C.     0          0




                                                                                     6          6          0
e Tabs Checklist?                                                                               0          0
                       15        15     0

                                  0     0

                            A.   15     0

                            B.   Pass   0




TOTAL POSSIBLE SCORE   0         63     10
Robert G. Hoskins
Managing General Partner
 ##########
           -
rhaokins@nurock.com




Robert G. Hoskins
Manager
 ##########
           -
rhoskins@nurock.com
0
0
          -
          -
0

0
0
          -
          -
0



0
0
          -
          -
0

0
0
          -
          -
0



0
0
          -
          -
0


Robert G. Hoskins
Manager
 ##########
           -
rhoskins@nurock.com

0
0
          -
          -
0

0
0
          -
          -
0
            0
            0
                           -
                           -
            0



            0
            0
                           -
                           -
            0

            Robert G. Hoskins
            Manager
             ##########
                       -
            rhoskins@nurock.com

            Robert G. Hoskins
            Manager
             ##########
                       -
            rhoskins@nurock.com

            0
            0
                           -
                           -
            0


            0
            0
                           -
                           -
            0

            Morton Gruber
            Architect
            ##########
                       -
            mgruber@mortongruber.com




      6. Applicable
                               7. Project Ownership
Organizational Type (For
                                    Percentage
Profit, Nonprofit, CHDO)
       6. Applicable
                            7. Project Ownership
 Organizational Type (For
                                 Percentage
 Profit, Nonprofit, CHDO)

                             0.1000%
                             0.0000%
                             0.0000%
                            99.9000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%
                             0.0000%

NTS - DCA USE ONLY




Historic Rehab Credits
FHA Insured Mortgage
Other - describe here




Term (In Months)
Target DCR

    n/a
     0
     0
     0
     0
     0




     10
  0.000%
     15
  0.000%
     20
  0.000%
     25
  0.000%
     30
  0.000%
Amortizable or Non-
 Depreciable Basis



                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -



                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -


                  -



Amortizable or Non-
 Depreciable Basis




                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -


Amortizable or Non-
 Depreciable Basis




                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
                  -
                  -
                  -


                  -
                  -
                  -
                  -
             -




 State
0.2500


         0
Efficiency   1 BR 60%   2 BR 60%   3 BR 60%   4 BR 60% Efficiency 1 BR 50%
60% Units      Units      Units      Units      Units  50% Units    Units
                                                                         4
                                                                               4

                              43
                                         46




      0        0         43         46        0   0           0        8


II.       UNIT SUMMARY
          Units:                                                  Efficiency
                   Low-Income                         60% AMI              -
                                                      50% AMI              -
                                                      Total                -
                   NSP (Both DCA and Other)           120% AMI             -
                   Unrestricted                                            -
                   Total Residential                                       -
                   Common Space                                            -
                   Total                                                   -
                 HOME                                   0     60% AMI      -
                 (included in LI above)                       50% AMI      -
                                                              Total        -

                 NSP                                          60% AMI      -
                 (included in LI above)                       50% AMI      -
                                                              Total        -

                 PBRA-Assisted                                60% AMI      -
                 (included in LI above)                       50% AMI      -
                                                              Total        -
                 Construction:
                                          New Construction    Low Inc      -
                                                              NSP 120%     -
                                                              Mkt Rate     -
                                                              Total + CS   -
                                          Acq/Rehab           Low Inc      -
                                                              Low Inc      -
                                                              Mkt Rate     -
                                                              Total + CS   -
                                          Rehab Only          Low Inc      -
                                                              Low Inc      -
                                                              Mkt Rate     -
                                                              Total + CS   -



                 Building Type:
                                          Multifamily                      -
                                          SF Detached                      -
                                          Townhome                         -
                                          Duplex                           -
                                          Manufactured home                -
II.   UNIT SUMMARY
      Square Footage:
                  Low Income                                  60% AMI      -
                                                              50% AMI      -
                                                              Total        -
                 NSP                                          120% AMI     -
                 Unrestricted                                              -
                 Total Residential                                         -
                 Common Space                                              -
                 Total                                                     -
DCA USE
0
0


0
0
0
0
0




0


0
0
0




0




0
0
0
0
0
0
0
0


0
0
0




0


0
0
0
0
0
0
0
0
0
0
0
0
0
0




0
0
0
0
0
0




0


0
0
0




0
0
0
0
0




0
0
                 0
                 0
                 0
                 0




                 0
                 0
                 0
                 0
                 0
                 0
 Additional Amenities
Pre-approved by DCA?
                 0

                 0



                 0



                 0


                 0

                 0


                 0
                 0
                 0
                 0
                 0
                 0
                 0
                 0
                 0
                 0
0




0
0




0
0
0
0
0




0
0
0
0
0




0


0


0
0
0
0
0


0
0
0
0
0
0
0




0
0


0




0




0
0
0




0
0




0
0




0


0




0
0
0


0
0
0
0




0
0
0
0
0
0




0
0
0
0
             0
             0
             0




             0
<<Select>>
             0
             0




             0
             0
             0
             0
             0




             0
             0




             0
             0


             0
             0
             0
0
0
0
0
0

0
0
0
0
0




0
0
1" for each item
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
  Units    Units    Units  30% Units    Units    Units    Units    Units    Mkt Units      Units
         4

         4




8            0            0       0       0            0            0             0              0   0



1BR          2BR          3BR     4BR     Total
        43           46       -       -      89 (Include mgr units that are income restricted)
         8            8       -       -      16
        51           54       -       -    105
    -            -            -       -    -
    -            -            -       -    -
        51           54       -       -    105
    -            -            -       -    -    (no rent may be charged)
        51           54       -       -    105
   -           -        -   -      -
   -           -        -   -      -
   -           -        -   -      -

  -           -         -   -     -
  -           -         -   -     -
  102         108       -   -     210

   -           -        -   -      -
   -           -        -   -      -
   -           -        -   -      -

       51          54   -   -     105
   -           -        -   -     -
   -           -        -   -     -
       51          54   -   -     105
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -




   -           -        -   -     -
   -           -        -   -     -
   -           -        -   -     -
       51          54   -   -     105
   -           -        -   -     -



31,046      50,738      -   -   81,784
 5,776       8,824      -   -   14,600
36,822      59,562      -   -   96,384
   -           -        -   -      -
   -           -        -   -      -
36,822      59,562      -   -   96,384
   -           -        -   -      -
36,822      59,562      -   -   96,384
                                Efficiency 1 BR    2 BR     3 BR     4 BR    Efficiency 1 BR
2 BR Mkt   3 BR Mkt   4 BR Mkt PBRA 30% PBRA 30% PBRA 30% PBRA 30% PBRA 30% PBRA 50% PBRA 50%
  Units      Units      Units     Units    Units   Units    Units    Units     Units    Units
                                                                                           4
                                        4




0   0   0   0   0   0   0   0   0   8
                                                                        Efficiency    1 BR
  2 BR     3 BR     4 BR    Efficiency 1 BR    2 BR     3 BR     4 BR   Common       Common
PBRA 50% PBRA 50% PBRA 50% PBRA 60% PBRA 60% PBRA 60% PBRA 60% PBRA 60%  Space        Space
  Units    Units    Units     Units    Units   Units    Units    Units    Units       Units
    4

    4
                         43
                                   46




8       0   0   0   43        46        0   0   0   0
 2 BR     3 BR     4 BR
Common   Common   Common
 Space    Space    Space   Efficiency   1 BR 60% 2 BR 60% 3 BR 60% 4 BR 60% Efficiency 1 BR 50%
 Units    Units    Units    60% SF         SF       SF       SF       SF     50% SF       SF
                                                                                          2888
                                                2888

                 31046
                          50738




0   0   0   0   31,046   50,738   0   0   0   5,776
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
   SF       SF       SF     30% SF       SF       SF       SF       SF     Mkt SF       SF
  4412

  4412




8,824    0   0   0   0   0   0   0   0   0
                                                                   Efficiency 1 BR
2 BR Mkt 3 BR Mkt 4 BR Mkt Efficiency 1 BR   2 BR    3 BR    4 BR  Common Common
   SF       SF       SF    PBRA SF PBRA SF PBRA SF PBRA SF PBRA SF Space SF Space SF
                                        2888
                           4412
                  2888
                           4412
                 31046
                          50738




0   0   0   0   36,822   59,562   0   0   0   0
                           Efficiency                                             Efficiency
                              New     1 BR New 2 BR New 3 BR New 4 BR New            New     1 BR New
  2 BR     3 BR     4 BR   Constructi Constructi Constructi Constructi Constructi Constructi Constructi
Common Common Common         on LI      on LI      on LI      on LI      on LI     on Mkt      on Mkt
Space SF Space SF Space SF   Units      Units      Units      Units      Units      Units       Units
                                              4
                               4
                     4
                               4
                     43
                               46




0   0   0   0   51        54        0   0   0   0
                                 Efficiency
2 BR New 3 BR New 4 BR New          New     1 BR New 2 BR New 3 BR New 4 BR New Efficiency
Constructi Constructi Constructi Constructi Constructi Constructi Constructi Constructi    LI    1 BR
  on Mkt    on Mkt     on Mkt     on CS       on CS     on CS      on CS      on CS     Acq/Rhb Acq/Rhb
   Units     Units      Units      Units      Units      Units      Units      Units     Units  LI Units
0   0   0   0   0   0   0   0   0   0
                                                                                 Efficiency
 2 BR       3 BR       4 BR    Efficiency 1 BR      2 BR      3 BR      4 BR         CS      1 BR
Acq/Rhb    Acq/Rhb    Acq/Rhb Acq/Rhb Acq/Rhb Acq/Rhb Acq/Rhb Acq/Rhb Acq/Rhb Acq/Rhb
LI Units   LI Units   LI Units Mkt Units Mkt Units Mkt Units Mkt Units Mkt Units   Units    CS Units
0   0   0   0   0   0   0   0   0   0
                                                                         0 BR     1 BR




 2 BR     3 BR     4 BR    Efficiency 1 BR  2 BR    3 BR     4 BR    Efficiency  1 BR
Acq/Rhb Acq/Rhb Acq/Rhb Rehab LI Rehab LI Rehab LI Rehab LI Rehab LI Rehab      Rehab
CS Units CS Units CS Units   Units    Units Units   Units    Units   Mkt Units Mkt Units
0   0   0   0   0   0   0   0   0   0
  2 BR     3 BR     4 BR                                                  0 BR     1 BR




  2 BR      3 BR      4 BR    Efficiency  1 BR    2 BR     3 BR     4 BR
 Rehab     Rehab     Rehab     Rehab     Rehab   Rehab    Rehab    Rehab 0 BR MF  1 BR
Mkt Units Mkt Units Mkt Units CS Units CS Units CS Units CS Units CS Units Units MF Units
                                                                                    4
                                    4

                                    43




0   0   0   0   0   0   0   0   0   51
 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    SF Det'd   SF Det'd   SF Det'd   SF Det'd   SF Det'd  0 BR     1 BR
MF Units MF Units MF Units  Units      Units      Units      Units      Units   MH Units MH Units
4

4

46




54   0   0   0   0   0   0   0   0   0
 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      Duplex   Duplex   Duplex   Duplex   Duplex   Townhom Townhom
MH Units MH Units MH Units    Units    Units    Units    Units    Units    e Units e Units
0   0   0   0   0   0   0   0   0   0
  2 BR    3 BR    4 BR      0 BR      1 BR      2 BR      3 BR      4 BR




Townhom Townhom Townhom    1-Story   1-Story   1-Story   1-Story   1-Story   2-Story   2-Story
 e Units e Units e Units    Units     Units     Units     Units     Units     Units     Units
0   0   0   0   0   0   0   0   0   0
                              2-Story   2-Story   2-Story   2-Story   2-Story
2-Story   2-Story   2-Story    Wlkp      Wlkp      Wlkp      Wlkp      Wlkp     3+ Story   3+ Story
 Units     Units     Units     Units     Units     Units     Units     Units     Units      Units
                                                                                              4
                                    4

                                    43




0   0   0   0   0   0   0   0   0   51
                               Effic 60% 1 BR 60% 2 BR 60% 3 BR 60% 4 BR 60% Effic 50% 1 BR 50%
3+ Story   3+ Story   3+ Story  HOME       HOME     HOME     HOME     HOME    HOME       HOME
 Units      Units      Units     Units      Units    Units    Units    Units   Units      Units
4

4

46




54   0   0   0   0   0   0   0   0   0
2 BR 50% 3 BR 50% 4 BR 50% Effic 30% 1 BR 30% 2 BR 30% 3 BR 30% 4 BR 30% Effic 60% 1 BR 60%
  HOME     HOME     HOME    HOME       HOME     HOME     HOME     HOME      NSP       NSP
   Units    Units    Units   Units      Units    Units    Units    Units   Units     Units
0   0   0   0   0   0   0   0   0   0
2 BR 60% 3 BR 60% 4 BR 60% Effic 50% 1 BR 50% 2 BR 50% 3 BR 50% 4 BR 50% 5 BR 50% Effic 30%
   NSP      NSP      NSP      NSP       NSP      NSP      NSP      NSP      NSP      NSP
  Units    Units    Units    Units     Units    Units    Units    Units    Units    Units
0   0   0   0   0   0   0   0   0   0
                                       Effic   1 BR    2 BR    3 BR    4 BR
1 BR 30% 2 BR 30% 3 BR 30% 4 BR 30%   120%     120%    120%    120%    120%      Effic
   NSP      NSP      NSP      NSP     NSP      NSP     NSP     NSP     NSP      120%
  Units    Units    Units    Units    Units    Units   Units   Units   Units   NSP SF
0   0   0   0   0   0   0   0   0   0
                                  Efficiency
                                     New     1 BR New 2 BR New 3 BR New 4 BR New Efficiency
                                  Constructi Constructi Constructi Constructi Constructi  NSP
 1 BR     2 BR     3 BR     4 BR   on NSP on NSP on NSP on NSP on NSP                     120%
 120%     120%     120%     120%    120%       120%      120%       120%       120%      Acq/Rhb
NSP SF   NSP SF   NSP SF   NSP SF   Units      Units      Units      Units      Units     Units
0   0   0   0   0   0   0   0   0   0
 1 BR      2 BR      3 BR      4 BR   Efficiency    1 BR    2 BR    3 BR    4 BR
Acq/Rhb   Acq/Rhb   Acq/Rhb   Acq/Rhb  Rehab       Rehab   Rehab   Rehab   Rehab
 NSP       NSP       NSP       NSP       NSP        NSP     NSP     NSP     NSP
 120%      120%      120%      120%     120%       120%    120%    120%    120%
 Units     Units     Units     Units    Units      Units   Units   Units   Units
0   0   0   0   0   0   0   0   0