Proforma of Financial Statements as per Schedule 6 - Excel

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					`                                                                                          Application
         Instructions            Table of Contents               Transmittal Page
                                                                                             Index


       Project Information       Project Proforma                Cost Breakdown        General Requirements


           Lease Up             UW1 (Underwriting)                 Amortization         Public Notification


            OHFA                                               Housing Development   Housing Development Loan
                               Housing Credit Program
      Program Certification                                     Assistance Program           Program


    Multifamily Bond Program       Program Forms




                                           UPDATED 6/15/2009
Ohio Housing Finance Agency
ARRA Revised Affordable Housing Funding Application
General Instructions

The 2008 AHFA is used to apply for Housing Credits, Housing Development Assistance Program (HDAP), the Housing
Development Loan Program (HDLP) and the Multifamily Bond Program (MFBP).

AHFA Structure

The application is divided into tabs. The following sections must be completed by all applicants:

AHFA Transmittal Page

A. Project Information

B. Project Proforma

C. Cost Breakdown

D. General Requirements

E. Lease Up

F. Underwriting (UW1)

G. Amortization

H. Public Notification

I. OHFA Program Certification (Signature Page)

Sections H through K request information required by each funding program. The applicant must complete those
sections appropriate to the type(s) of funding requested. These sections are:

J. Housing Credit Program

K. Housing Development Assistance Program (HDAP)

L. Housing Development Loan Program

M. Multifamily Bond Program
AHFA Spreadsheet Version
Application Index indicates the order that the application and attachments should be placed when submitted to the
department.
The 2008 AHFA is contained in this spreadsheet workbook. Many of the calculations required in the application will be
automatically performed by the spreadsheet, which may be used with Microsoft Excel 97 or above. Please keep in
2008 Program Forms is a list of attachments that may be required as part of the AHFA submission depending on the
mind the following points when using the AHFA spreadsheet:
programs applied for. These forms are available on the OHFA web site at www.ohiohome.org.
1. Make a back-up copy of the AHFA disk as soon as possible for future reference.

2. The spreadsheet may work faster if accessed from your hard drive instead of the disk.

3. Please review all applicable program guidelines (see "Reference Documents" below).

4. All information should be entered into the blue and red outlined cells. Enter words or numbers into the BLUE
outlined cells. Enter only an "x" (upper or lower case) into the RED outlined cells. It is very important to enter an "x" or
nothing because of the spreadsheet formulas.The dropdown menus restrict the red outlined cells to either "x" or blank,
as long as you type into the cells. Copying and pasting into the red cells will override the restrictions.

5. The GREEN outlined cells contain the spreadsheet formulas; do not type in these cells.
6. When entering data onto the spreadsheet, please do not type in ALL CAPITAL LETTERS.

7. If any information cannot fit onto the spreadsheet, please attach separate sheets containing that information to the
printout of the spreadsheet application.

8. Please do not unprotect or unlock any cells in the spreadsheet. OHFA will verify formulas and data, and will scan
disks for viruses upon receipt.




Submission Instructions

If applying for Housing Credits, HDAP, HDLP, and/or MFBP, submit one original application package and CD to:

Ohio Housing Finance Agency
Office of Planning, Preservation & Development
57 East Main Street
Columbus, OH 43215

The application package consists of the completed AHFA (printed copy AND copy on CD) and all required attachments
(see the submission item checklist for each program located on the last page of each program section in the AHFA).

NOTE: For those applicants requesting multiple sources of funding, please submit separate checks for the Application
Fees for the different programs.

Application packages should be submitted on white paper in three ring binders with appropriate tabbing. The
application and attachments must be arranged in the order reflected in the organizational index located in Section J of
the AHFA. If any attachments do not fit in the categories provided, note these items on the index. Applicants are only
required to submit information for those program(s) for which they are applying.

If the applicant is unable to fit any information into the space provided on the AHFA, please provide that information on
a separate sheet of paper. Unorganized and/or incomplete application packages may result in the rejection of the
application or delay in the funding of your project.

Reference Documents

Please refer to the following documents for specific qualification, procedure, and submission information for each
program:

Housing Credit: 2008 Housing Credit Qualified Allocation Plan (QAP)

HDAP: Housing Development Assistance Program Guidelines

HDLP: Housing Development Loan Program Guidelines

MFBP: Multifamily Bond Program Guidelines

If you have any questions regarding the above programs, you may contact the Office of Planning, Preservation &
Development at (614) 466-0400, or by fax at (614) 466-0606, or through our web site at www.ohiohome.org.
                   copy on CD) and all required attachments




ace provided on the AHFA, please provide that information on
                  Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                   table of contents
This is the official OHFA form
            Instructions
            1.          AHFA Structure
            2.          AHFA Spreadsheet Version
            3.          Submission Instructions
            4.          Reference Documents

          Transmittal Page
          1.        Tracking Number
          2.        Submission Date
          3.        Applicant Information
          4.        Funding Requested
          5.        Application Status
          6.        Application Fees
          7.        Additional Information

A.        General Project Information
          1.        Project Information
          2.        Ownership Information
          3.        Participation of Non-Profit Organization(s)
          4.        Participating Members of Ownership Entity
          5.        Development Team Information
          6.        Physical Structure Information
          7.        Special Needs Populations
          8.        Site & Building Acquisition Information
          9.        Occupancy Information
          10.       Schedule of Development

B.        Project Proforma
          1.         Annual Gross Project Income Calculation
          2.         Project Income Information
          3.         Annual Project Expenses Calculation
          4.         Construction Financing & Equity Sources
          5.         Permanent Financing & Equity Sources
          6.         Stable Year Cash Flow Calculation
          7.         Itemization of Project Costs and Eligible Basis
          8.         Sources & Uses Breakdown
          9.         Project Cost Narratives
          10.        Project Cost Calculations

C.        Cost Breakdown

D.        General Requirments

E.        Lease Up
          1.       Monthly projected Lease-up (enter cumulatively)

F.        UW1 - Underwriting 18 Year Proforma
          1.       Sources and Uses
          2.       Net Equity Calculation
          3.       Net Monthly Tenant Rents
     4.         Proforma Assumptions
     5.         Operating Expenses
     6.         18 Year Proforma
     7.         Stable Year Cash Flow Projections
     8.         OHFA Eligible Basis Adjustment Calculation

G.   Amortization
     1.        Permanent Debt Amortization
     2.        HDAP Debt Amortization
     3.        Soft Debt 1 Amortization
     4.        Soft Debt 2 Amortization
     5.        Deferred Developer Fee

H.   Public Notification
     1.        Elected Officials and Legislators for the Location of the Project
     2.        Elected Officials and Legislators for Jurisdictions within One-Half Mile of the Project
     3.        Trustees for Townships within One-Half Mile of the Project
     4.        Commissioners for Counties within One-Half Mile of the Project

I.   OHFA Program Certification
J.   Housing Credit Program
     1.       Previous Allocation of Housing Credit
     2.       Annual Housing Credit Calculation
     3.       Sale of Limited Partnership
     4.       Housing Credit Equity Proceeds Calculation
     5.       Designation of Housing Credit Allocation Pool
     6.       Competitive Scoring Criteria
     7.       Restrictive Covenant Elections
     8.       Minimum Set-Aside Election
     9.       HDAP Occupancy & Affordability Requirements
     10.      Housing Credit Application Fee
     11.      Estimated Reservation Fee
     12.      Estimated Monitoring Fee
     13.      Housing Credit Application Submission Checklist

K.   Housing Development Assistance Program
              THRESHOLD REVIEW ITEMS
     1.       General Information
     2.       Profile of Committed/Potential Federal Funding
     3.       Applicable Wage Rates
     4.       Acquisition/Relocation
     5.       HDAP Award Information
     6.       CHDO Set-Aside Eligibility
     7.       New Construction - Site and Neighborhood Standards

L.   Housing Development Loan Program
              THRESHOLD REVIEW ITEMS
     1.       Name of Borrower & Applicant
     2.       Seed Money Loan Information
     3.       Construction Deposit Loan Information
     4.       Equity Bridge Loan Information
     5.       Direct Loan Information
     6.       Loan Guarantee Information
     7.       Occupied Properties
     8.       Project Cost Calculations
     9.       Alternative Sources of Financing
     10.      Unit Information
     11.      Acquisition & Rehabilitation Projects
     12.      Housing Development Loan Program Application Fees

M.   Multifamily Bond Program
     1.         Application Type
     2.         Tax-Exempt Bond Financing Information
     3.         Additional Development Team Members
     4.         Controlling Owner/Managing Member Previous Experience with Tax-Exempt Bond Projects
     5.         Credit Enhancement
     6.         Project Benefits Narrative
     7.         Receipts & Disbursements
     8.         Cost of Issuance Breakdown
     9.         Minimum Set-Aside Election
     10.        Application Fee
     11.        Tax-Exempt Bond Application Submission Checklist

N.   2008 AHFA Organizational Index
O.   2008 Program Forms
                         Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                           transmittal page
Project Tracking Number:                                                                 (leave blank)


Date Application Submitted:


Applicant Information:

                   Project Name:
                    Project Type:        FALSE
               City or Township:                                                                    Units:              0
                         County:                                                           Scattered Site:              no
                                                                                            Special Need:               0
                 Majority Owner:
                    Owner Type:
                 % of Ownership:

              Allocation Pool:                    Geographic Pool
             Geographic Pool:             #N/A

Funding Requested:

         Housing Credit Program (annual):                      #DIV/0!
 Housing Development Assistance Program              $                            -
     Housing Development Loan Program:
                        Seed Money Loan:             $                        -
              Construction Deposit Loan:             $                1,000,000
                     Equity Bridge Loan:             $                1,000,000
                             Direct Loan:            $                        -
                         Loan Guarantee:             $                        -

                   Multifamily Bond Program:         $                            -

Application Status:

Please check all that apply. Abbreviations are as follows: HC = Housing Credit; MFBP = Multifamily Bond Program;
HDLP = Housing Development Loan Program; HDAP = Housing Development Assistance Program.

                                                          HC            MFBP          HDLP          HDAP
                          Initial Application:             x                           X             X
             Request for Additional Funding:
                        Revised Application:

Application Fees:
                                                           HC           MFBP          HDLP
                             Amount Enclosed:            $1,000

Additional Information (for revised applications only):                                          Please check all that apply.

                Number of Units:                                           Rent Elections:
                  Type of Units:                                      Minimum Set-Aside:
                  Bedroom Mix:                                      Ownership Information:
                 Special Needs:                                       Other (describe below) :




                                                           Transmittal - Page 1
               Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  application index
                SITE & MARKET EVALUATION SUBMISSION - Due on or before
TAB ORDER
  1   Transmittal Page & Application Fees
      a.          Transmittal Page
      b.          Application Fees

  2   2008 Affordable Housing Funding Application
      a.         General Project Information
      b.         Project Proforma
      c.         Public Notifications
      d.         OHFA Program Certification(s)

  3   Narrative Description for Selection Criteria

  4   Preliminary Plans & Specifications
      a.          Typical Unit Plan(s)
      b.          Building Elevation(s)
      c.          Site Plan
      d.          Schematic Site Plan
      e.          Topography Map
      f.          Aerial Photograph
      g.          Scope of Work for Rehabilitation

  5   Minimum Project Standards
      a.        OHFA Form 001: Contractor & Architect Certification
      b.        Request for Waiver of Minimum Project Standards
      c.        OHFA Form 001A: Reconsideration of Visitability Requirements
      d.        OHFA Form 001B: Reconsideration of Universal Design Requirements

  6   Market Study
      a.         Market Study Checklist (OHFA Form 002)
      b.         Market Study

  7   Public Notification Letters & Certified Mail Receipts
      a.          Chief Executive Officer of City or Village
      b.          Clerk of City or Village Council
      c.          Clerk of Township Trustees
      d.          Clerk of County Commissioners
      e.          State Representative(s)
      f.          State Senator(s)
      g.          Chief Executive Officer of City or Village within One-Half Mile
      h.          Clerk of City or Village Council(s) within One-Half Mile
      i.          Clerk of Township Trustees within One-Half Mile
      j.          Clerk of County Commissioners within One-Half Mile

  8   Capital Needs Assessment

  9   Mini-Phase I Environmental Site Assessment (MP-1)




                                                Application Index - Page 1
               Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                 application index
               FULL APPLICATION SUBMISSION - Due on or before May 22, 2008
TAB ORDER
  1   Transmittal Page & Application Fees
      a.          Transmittal Page
      b.          Application Fees

  2   2008 Affordable Housing Funding Application
      a.         General Project Information
      b.         Project Proforma
      c.         Public Notifications
      d.         OHFA Program Certification(s)
      e.         Housing Credit Program
      f.         Housing Development Assistance Program
      g.         Housing Development Loan Program
      h.         Multifamily Bond Program

  3   Site Control Documentation
      a.          Executed Option(s), Purchase Contract(s) or Lease(s)
      b.          Property Deed(s)
      c.          Other Documentation

  4   Zoning Documentation
      a.        Local Zoning Letter
      b.        Other Documentation

  5   Conditional Financial Commitments
      a.         Equity Commitments: Housing Credit & Historic (assuming no OHFA Equity Bridge Loan)
      b.         Equity Commitments: Housing Credit & Historic (assuming OHFA Equity Bridge Loan)
      c.         Construction Financing Commitments (including Construction Deposit Loan lender documentation)
      d.         Permanent Financing Commitments
      e.         Letters of Application for Public Funding Sources
      f.         Deferred Fees & General Partner Contributions
      g.         Other Documentation

  6   OHFA Forms & Supporting Documentation
      a.       OHFA Form AFHM-98: Affirmative Fair Housing Marketing Plan & Attachments
      b.       Utility Allowance Information
      c.       OHFA Form 004: Certification of Conformity with Local Consolidated Plan or CHIS

  7   Development Team Information & Resumes
      a.       General Partner(s)
      b.       Developer
      c.       General Contractor
      d.       Management Company
      e.       Narrative for Part II of Housing Credit Competitive Review

  8   Non-Profit Organization Documentation
      a.          IRS Letter of Determination of Status
      b.          Articles of Incorporation & By-Laws of the Non-Profit
      c.          Ohio Secretary of State Documentation




                                               Application Index - Page 2
              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                application index
9    Housing Credit Program Documentation
     a.        Target Pool Eligibility Documentation
     b.        Supportive Service Plan
     c.        Lease-Purchase Strategy
     d.        Documentation for Historic Buildings
     e.        Green Communities Documentation
     f.        Documentation of Community Impact
     g.        Documentation of Leveraging Federal Resources


10   Housing Development Assistance Program Documentation
     a.        Needs Assessment
     b.        Audited Financial Statements
     c.        Organizational Chart & Resumes
     d.        Qualified Cost Estimate
     e.        HUD Form 424: Application for Federal Assistance
     f.        Evidence of Attempt to Secure Local Funding
     g.        Letters of Support
     h.        Non-Profit Board Resolution
     i.        Uniform Relocation Act Forms & Documentation
     j.        OHFA Form 005: Farmland Preservation Questionnaire
     k.        Evidence of Submission to Local Clearinghouse
     l.        Lead-Based Paint Plan
     m.        Homeownership Counseling Documentation
     n.        Other Documentation & Threshold Requirements

11   Housing Development Loan Program Documentation
     a.        Statement of Public Purpose
     b.        Letters of Local Support or Referral Service
     c.        Uniform Relocation Act Documentation & Relocation Plan
     d.        Environmental Review
     e.        Fair Market Rent Schedule
     f.        Current Rent Roster (for occupied properties)
     g.        Tax Information Authorization Disclosure(s)
     h.        Other Documentation & Threshold Requirements

12   Multifamily Bond Program Documentation
     a.          Letter of Intent from Guarantor or Private Placement Entity
     b.          Inducement and Indemnity Agreement Letter
     c.          ANSI Standards Letter from Architect
     d.          Prevailing Wage Statement
     e.          Source for Building Value & LTV Ratio
     f.          Audited Financial Statements
     g.          Audited Project Cash Flows
     h.          Rent Rolls
     i.          Other Documentation




                                              Application Index - Page 3
                                    Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                    a. general project information
                                                             PROJECT INFORMATION

              Name:
 Address (be specific) :
   City or Township:                                             (Enter the political jurisdiction where the project is located)
           Zip Code:
             County:
         Submarket:                                              (if applicable)
   Census Tract(s):

   Briefly describe the project and its location(s), date of original construction (existing buildings only), project design, target population,
   development team members, financing, and project timeline.


   Is it currently anticipated that the Project will have a Syndicator/Equity Investor?

                           Yes                                   No

                                                           OWNERSHIP INFORMATION

               Name:
                  c/o:
             Address:
                 City:
                State:
            Zip Code:

                             Type of Entity:                                              Limited Partner Percentage of Ownership:
                           Federal Tax ID #:

                            Contact Person        Last Name:                                                       First Name:
                                                        Title:                                                      Salutation:
                                                 Organization:
                                                 Telephone #:                        (ext)                         E-mail:
                                                       Fax #:                                            Web Page Address:
   The Contact Person must be able to answer all questions concerning this application.

                         Authorized Signer        Last Name:                                                       First Name:
                                                        Title:                                                      Salutation:
                                                 Organization:
                                                 Telephone #:                        (ext)                         E-mail:
                                                       Fax #:                                            Web Page Address:

   The Authorized Signer must have the authority to act on behalf of the project ownership.

                                    PARTICIPATION OF NON-PROFIT ORGANIZATION(S) if applicable

   Primary Non-Profit Organization                                                                            Contact Person

    Non-Profit Name:                                                                     Last Name:
            Address:                                                                     First Name:
                City:                                                                           Title:
               State:                                                                   Telephone #:
           Zip Code:                                                                           Fax #:
State Senate District:                                                                        E-mail:
State House District:                                                              Web Page Address:


                           501 (c) (3) Organization                             (Please "X" all that apply)
                           501 (c) (4) Organization
                           Exempt purposes include fostering of Low-Income Housing
                           Filed in accordance with ORC Section 1702
                           Other:
         FALSE

                                                                 Project Information - Page 1
                                      Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                     a. general project information
                                                                  PROJECT INFORMATION
        Is this non-profit organization located in or committed to serve the county in which the project is located?

                            Yes                                      No

        How many years has this non-profit organization continually served the county in which the project is located?


        What percentage of the general partner interest will be owned or controlled by this non-profit organization?


        Is this organization eligible for and will this organization participate in the non-profit set-aside referenced in
        Section 42(h)(5) of the Internal Revenue Code?

                            Yes                                      No


        Is this non-profit organization certified as a Community Housing Development Organization (CHDO) by the State of Ohio?

                            Yes                                      No

        Secondary Non-Profit Organization (if applicable)                                                       Contact Person

       Non-Profit Name:                                                                       Last Name:
               Address:                                                                       First Name:
                   City:                                                                             Title:
                  State:                                                                     Telephone #:                        (ext)
              Zip Code:                                                                             Fax #:
   State Senate District:                                                                          E-mail:
   State House District:                                                                Web Page Address:


                            501 (c) (3) Organization                             (Please check all that apply)
                            501 (c) (4) Organization
                            Exempt purposes include fostering of Low-Income Housing
                            Filed in accordance with ORC Section 1702
                            Other:
              FALSE

        Is this non-profit organization located in or committed to serve the county in which the project is located?

                            Yes                                      No

        How many years has this non-profit organization continually served the county in which the project is located?


        What percentage of the general partner interest will be owned or controlled by this non-profit organization?


        Is this organization eligible for and will this organization participate in the non-profit set-aside referenced in
        Section 42(h)(5) of the Internal Revenue Code?

                            Yes                                      No


        Is this non-profit organization certified as a Community Housing Development Organization (CHDO) by the State of Ohio?

FALSE                       Yes                                      No




                                                                       Project Information - Page 2
                                  Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                a. general project information
                                                     PROJECT INFORMATION
                                          PARTICIPATING MEMBERS OF OWNERSHIP ENTITY

       Majority Owner Information

                  Name:                                                                       NP or FP?:
     Parent Organization:                                                                     NP or FP?:
                Address:
                    City:                                                       Contact Last Name:
                   State:                                                       Contact First Name:
               Zip Code:                                                              Contact Title:
            Parent FTI #:                                                             Telephone #:                  (ext)
     Web Page Address:                                                                        Fax #:
       % of Ownership:                                                                       E-mail:

       Years of Experience Developing Affordable Housing:

       Number of Housing Credit Projects Placed-in-Service:            In Ohio:
                                                                In other states:

       Number of Other Affordable Housing Projects Placed-in-Service:

       Experience with Development Loans and/or HDAP Financing?                                            Yes              No

       Tier Assigned in Experience and Capacity Review



c.     Second Owner Information             (if applicable)

                  Name:                                                                       NP or FP?:
     Parent Organization:                                                                     NP or FP?:
                Address:
                    City:                                                       Contact Last Name:
                   State:                                                       Contact First Name:
               Zip Code:                                                              Contact Title:
                   FTI #:                                                             Telephone #:                  (ext)
     Web Page Address:                                                                        Fax #:
       % of Ownership:                                                                       E-mail:

       Years of Experience Developing Affordable Housing:

       Number of Housing Credit Projects Placed-in-Service:            In Ohio:
                        (projects with at least 5 units)        In other states:

       Number of Other Affordable Housing Projects Placed-in-Service:

       Experience with Development Loans and/or HDAP Financing?                                            Yes              No

       Tier Assigned in Experience and Capacity Review




                                                               Project Information - Page 3
                                   Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                 a. general project information
      Third Owner Information                  (if applicable)   PROJECT INFORMATION

                Name:                                                                             NP or FP?:
   Parent Organization:                                                                           NP or FP?:
              Address:
                  City:                                                             Contact Last Name:
                 State:                                                             Contact First Name:
             Zip Code:                                                                    Contact Title:
                 FTI #:                                                                   Telephone #:               (ext)
   Web Page Address:                                                                              Fax #:
     % of Ownership:                                                                             E-mail:

      Years of Experience Developing Affordable Housing:

      Number of Housing Credit Projects Placed-in-Service:                 In Ohio:
                       (projects with at least 5 units)             In other states:

      Number of Other Affordable Housing Projects Placed-in-Service:

      Experience with Development Loans and/or HDAP Financing?                                                 Yes           No

      Tier Assigned in Experience and Capacity Review




                                                        DEVELOPMENT TEAM INFORMATION

                                Developer:
                                  Address:
                                      City:
                                     State:
                                 Zip Code:                                          Contact Last Name:
                                                                                    Contact First Name:
# of Residential Projects Placed-in-Service:                                              Contact Title:
                                                                                          Telephone #:               (ext)
   # of Residential Units Placed-in-Service:                                                   Fax #:
                                                                                              E-mail:
           # of Years Developing Housing:                                           Web Page Address:


                      General Contractor:
                                 Address:
                                     City:
                                    State:
                                Zip Code:                                           Contact Last Name:
                                                                                    Contact First Name:
     # of Residential Projects Constructed:                                               Contact Title:
                                                                                          Telephone #:               (ext)
        # of Residential Units Constructed:                                                       Fax #:
                                                                                                 E-mail:
          # of Years Constructing Housing:                                          Web Page Address:

          Project Types:

      Management Company

                 Name:                                                                    Contact Last Name:
               Address:                                                                  Contact First Name:
                   City:                                                                        Title:
                  State:                                                                 Telephone #:                (ext)
              Zip Code:                                                                        Fax #:
                                                                                              E-mail:
                                                                                    Web Page Address:


                                                                   Project Information - Page 4
                                    Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  a. general project information
                                                                 PROJECT INFORMATION
                                           Firm                                       Contact                      Phone #              Fax #
           Engineer:
           Architect:
         Consultant:
               Legal:
        Tax Attorney:

    Describe how each organization will be involved in the project with respect to specific areas of responsibility, and how each organization will
    function as part of the development team, including the roles of the other members of the development team. Identify specifically what staff
    members will be involved in the project and their roles. Explain how this project will affect staff capacity, and explain how the organization will
    expand staff capacity if necessary. Briefly describe any "identities of interest" between members of the development team.
                                                                   Specify


                                           PHYSICAL STRUCTURE INFORMATION

    Project Type

                           New Construction

                           Acquisition and Substantial Rehabilitation

                           Substantial Rehabilitation

    Project Characteristics
                                               rehabilitation        new construction
                           # of Buildings:
          # of Stories of Tallest Building:
                          Total # of Units:             0                     0

                     # of Parking Spaces:

                Elevator in any buildings?                           Yes                                      No

    Type of Units
                                                    number            % of total units
                          Low-Income Units:                             #VALUE!
                          Market-Rate Units:                             #DIV/0!
                            Employee Units:                              #DIV/0!
                                    TOTAL:                       0      #VALUE!

                 Single-Family Detached:                                    #DIV/0!
                                 Duplex:                                    #DIV/0!
                                 Triplex:                                   #DIV/0!
                            Four Family:                                    #DIV/0!
                             Townhouse:                                     #DIV/0!
                           Multi-Family:                                   #VALUE!
                                  Other:                                    #DIV/0!
                                 TOTAL:                          0          #DIV/0!

    Number of Units by Bedroom Number

                                 SRO               Efficiency                1BR                     2BR             3BR              4BR & Up
   Low-Income Units:
   Market Rate Units:
             TOTAL:                0                    0                     0                      0                0                     0

    Detached Non-Residential Community Space

                                                  total square
                                number              footage
 Accessory Buildings:
 Recreation Facilities:                                                                   Type of Commercial Facilities (if applicable) :
Commercial Facilities:

                                                                      Project Information - Page 5
                                   Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                a. general project information
                                                               PROJECT INFORMATION
    Floor Area

                   Gross floor area of all building(s) (sq. ft.):
                             Commercial floor area (sq. ft.):
                         Common space floor area (sq. ft.):
                         Non-low-income floor area (sq. ft.):
                     Total Residential Floor Area (sq. ft.):             #VALUE!        Gross floor area minus Commercial floor area
                      Net Residential Floor Area (sq. ft.):              #VALUE!        Total Res. floor area minus Common Space floor area
                          Low-Income Floor Area (sq. ft.):               #VALUE!        Net Res. floor area minus Non-Low-Income floor area
                 Average Net Residential Sq. Ft. per Unit :              #VALUE!        Total Net Res. Sq. Ft. divided by Total # of Units



    Special Needs Populations

    Will the project serve a special needs population?

                         Yes                                        No

    If Yes, please describe that special needs population:

                         Senior housing (persons age 55 and over)                                           Permanent supportive housing for the homeless
                         Persons with severe and persistent mental illness                                  Supportive services provided to families
                         Persons with a developmental disability

    What percentage of the units in the project will be set aside for the special needs population(s) above?

                                             See program guidelines for requirements.

    Will supportive services be provided to the special needs population(s) above?

                         Yes                                        No

Service Coordinator:
            Address:
                City:
               State:                                                                        Telephone #:                      (ext)
           Zip Code:                                                                               Fax #:
  Web Page Address:                                                                               E-mail:

    For projects seeking Housing Credits and serving a special needs population, service coordinators and a supportive
    service plan containing specified services are required. Please attach the supportive service plan with the application.




                                                                    Project Information - Page 6
                                    Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  a. general project information
                                                          PROJECT INFORMATION
                                                SITE & BUILDING ACQUISITION INFORMATION

     Site Roster

     Please list all sites under control at time of application. All sites must contain at least one unit, and must have a
     permanent parcel number listed. Sites that do not have parcel numbers will not be accepted. See the Housing Credit
     Qualified Allocation Plan for details regarding site control and scattered site projects.


     Please indicate the Qualified Census Tract (QCT) number for each site where applicable.
     For type of site control, please indicate the following: D = recorded deed; O = executed option; P = purchase contract;
     L = long term lease. For type of construction, please indicate the following: NC = new construction; R = rehabilitation.



                                                  permanent                                 type of site        type of         proposed # of
                   site address                    parcel #              QCT #                control         construction          units
1                                                                                                                                               0
2                                                                                                                                               0
3                                                                                                                                               0
4                                                                                                                                               0
5                                                                                                                                               0
6                                                                                                                                               0
7                                                                                                                                               0
8                                                                                                                                               0
9                                                                                                                                               0
10                                                                                                                                              0
11                                                                                                                                              0
12                                                                                                                                              0
13                                                                                                                                              0
14                                                                                                                                              0
15                                                                                                                                              0
16                                                                                                                                              0
17                                                                                                                                              0
18                                                                                                                                              0
19                                                                                                                                              0
20                                                                                                                                              0
21                                                                                                                                              0
22                                                                                                                                              0
23                                                                                                                                              0
24                                                                                                                                              0
25                                                                                                                                              0
26                                                                                                                                              0
27                                                                                                                                              0
28                                                                                                                                              0
29                                                                                                                                              0
30                                                                                                                                              0
31                                                                                                                                              0
32                                                                                                                                              0
33                                                                                                                                              0
34                                                                                                                                              0
35                                                                                                                                              0
36                                                                                                                                              0
37                                                                                                                                              0
38                                                                                                                                              0
39                                                                                                                                              0
40                                                                                                                                              0


                                                                    Project Information - Page 7
                                Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                               a. general project information
                                                              PROJECT INFORMATION
                                            new construction     rehabilitation                              new construction    rehabilitation
                # of Sites Under Control:           0                   0                      # of Units:          0                    0


          # of Sites Proposed to Acquire:


               % of Sites Under Control:         0.00%             #VALUE!



     Site Acquisition Information



                                            last placed-in-                                                                                       is the seller a
                site address                service date                    seller name                                 seller address            related party?
 1
 2 0
 3 0
 4 0
 5 0
 6 0
 7 0
 8 0
 9 0
10 0
11 0
12 0
13 0
14 0
15 0
16 0
17 0
18 0
19 0
20 0
21 0
22 0
23 0
24 0
25 0
26 0
27 0
28 0
29 0
30 0
31 0
32 0
33 0
34 0
35 0
36 0
37 0
38 0
39 0
40 0



                                                                Project Information - Page 8
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                           a. general project information
Will this project consist of scattered sites?            PROJECT INFORMATION for details.
                                                                      See 2008 QAP


                    Yes                                       No



Will the site be subdivided?                                  Yes                                        No

Area of Site (Acres):



                                             OCCUPANCY INFORMATION if applicable

Are any of the units currently occupied?

                    Yes                                       No

     If yes, please list the percentage of occupied units:

Does this project involve the relocation of any commercial or residential tenants, or will any occupied portion of the project be made vacant?

                    Yes                                       No

If Yes, please attach a Relocation Plan with the application. This plan must include a budget.
URA forms must be submitted for those projects seeking funding from the HDAP Program.



                                                     SCHEDULE OF DEVELOPMENT
                                                                                                              Performance Date
      Activity                                                                                      Goal                           Actual
 1. Formation of Limited Partnership
 2. Land or Building acquired
 3. Phase I Environmental Review
 4. Zoning permit obtained
 5. 10% completion
 6. Appraisal completed
 7. Building permits obtained
 8. Construction loan committed
 9. Permanent financing committed
10. Construction contract executed
11. Construction loan closing
12. Equity closing
13. Site preparation and/or demolition begins
14. Start of construction, contractor's commencement notice
15. 50% completion
16. Occupancy approval
17. Permanent loan closing (if no perm closing, enter Equity Closing Date)
18. Construction completion
19. Start Lease Up
20. Complete Lease Up

Estimated placed-in-service date:           First building:                             Last building:




                                                               Project Information - Page 9
                                          Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                                        x

                                                       b. project proforma
                                                   ANNUAL GROSS PROJECT INCOME CALCULATION

Include all low-income and market rate units in this section.
Applicants must complete all applicable information in the table below.
For Gross Rents, HDAP applicants must apply the HUD Low HOME Rent to HDAP restricted units. Refer to
the HDAP Guidelines and Section F of the AHFA for additional information.


         NUMBER                                              AFFORD-ABLE OCCUPIED                    TENANT                                          MONTHLY
NUMBER OF BED-      NUMBER OF         SQUARE                  TO WHAT % BY WHAT %      GROSS          PAID         RENTAL                             RENTAL         MAXIMUM
OF UNITS ROOMS      BATHROOMS        FOOTAGE                   OF AMGI   OF AMGI?      RENTS        UTILITIES      SUBSIDY       NET RENTS            INCOME       GROSS RENTS
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                             $               -   $             -     #VALUE!
                                                                                                                   Monthly Rental Income:        $             -

                 # of years remaining on rental                                                              Annual Net Rental Income:           $             -
               subsidy contract (if applicable):                                                         Annual Residential Fee Income:
                                                                                                                  Annual Other Income:           $             - Enter Value
                                                                                                            Annual Commercial Income:

                                Vacancy Rate:                                                                   Annual Vacancy Allowance:            #VALUE!
                     First Year Vacancy Rate:
                                                                                                                   Gross Annual Income:              #VALUE!



                                                              PROJECT INCOME INFORMATION

                       Fee income source(s):

                     Other income source(s):

               Commercial income source(s):

                    Rental subsidy source(s):




                                                                                             Proforma Page 1
                                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                             x

                                                          b. project proforma
                                                         ANNUAL PROJECT EXPENSES CALCULATION


                                                                                                 owner paid
                                                                            Advertising:         $         -
                                                                                   Legal:        $         -
                                                                      Accounting/Audit:          $         -
                                                                        Office Supplies:         $         -
                                                                                Elevator:        $         -
                                               Fuel (heat & hot water) - Common Area:            $         -
                                                         Water/Sewer - Common Area:              $         -
                                      Lighting & Miscellaneous Power - Common Area:              $         -
                                                                        Trash Removal:           $         -
                                                                                Security:        $         -
                                                                             Decorating:         $         -
                                                                                Repairs:         $         -
                                                                          Exterminating:         $         -
                                                                                Grounds:         $         -
                                                 Maintenance Salaries & Payroll Taxes:           $         -
                                                                 Maintenance Supplies:           $         -
                                                                  Service Coordinator:           $         -
                                                                  Supportive Services:           $         -
                                                                              Insurance:         $         -
                                                                        Property Taxes:          $         -
                                                                    Management Fees:             $         -
                                                               Replacement Reserves:             $         -
                                                            Owner-Paid Utilities - Units:        $         -
                                                                    Annual Bond Fees:
                           Other:                              specify                           $         -
                           Other:                              specify
                                                                                        Total Annual Operating Expenses (Incl Repl Reserves):   $   -
                                                                                                            Annual Expenses (Operating Only)    $   -
                                                                                                                       Annual Expenses (All)    $   -



If the total annual operating expenses do not meet OHFA requirements, please explain why.


Describe any specific line items in the annual project expenses that may need further explanation.




Source of monthly utility expense information:


Tenant-paid Utilities
                        BR Type:          SRO           0 BR             1BR           2BR           3BR           4BR
                            Heat:
                         Electric:
                          Water:
                          Sewer:
                          Trash:
          Other:            specify
                        TOTALS:       $         -   $          -   $           -   $         -   $         -   $         -

Owner-paid Utilities
                        BR Type:          SRO           0 BR             1BR           2BR           3BR           4BR
                            Heat:
                         Electric:
                          Water:
                          Sewer:
                          Trash:
         Other:             specify
       TOTALS:                        $         -   $          -   $           -   $         -   $         -   $         -




                                                                                                       Proforma Page 2
                                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                                 x

                                                          b. project proforma
                                                    CONSTRUCTION FINANCING AND EQUITY SOURCES

All blanks pertaining to a source must be completed. Mark N/A if a space does not apply
                                                                                                                       ANNUAL                                 AMORTI-
                                                                                                                        DEBT         INTEREST                 ZATION
                                                         SOURCE NAME                                 AMOUNT            SERVICE         RATE      TERM         PERIOD




                                    ARRA - TCAP / TCE                                                #DIV/0!


                                                                                                     #DIV/0!       $             -


                                                       PERMANENT FINANCING AND EQUITY SOURCES

The Ohio Housing Finance Agency requires that all non-OHFA permanent source(s) be committed or conditionally
committed at the time of application.
If the project has Historic Tax Credits, do not combine the Historic Tax Credit and Housing Credit equity.

                                                                                                                       ANNUAL                                 AMORTI-
                                                                                                                        DEBT         INTEREST                 ZATION
                                                         SOURCE NAME                                 AMOUNT            SERVICE         RATE      TERM         PERIOD
            Housing Credit Equity: Tax Credit Equity                                             $             -
           Hist. Tax Credit Equity:                                                              $             -
                   ARRA Funding: ARRA - TCAP / TCE                                                   #DIV/0!
              Primary Debt (Hard):                                                               $             -   $             -       0.00%          0               0
                             HDAP                                                                $             -   cash flow             0.00%          0               0
          Deferred Developer Fee:                                                                $             -   cash flow             0.00%          0               0
           General Partner Equity:                                                               $             -   $             -       0.00%          0               0
          Other Soft Debt (specify)                                                              $             -   $             -       0.00%          0               0
          Other Soft Debt (specify)                                                              $             -   $             -       0.00%          0               0
                                                                                   TOTALS            #DIV/0!       $             -
All blanks pertaining to a source must be completed. Mark N/A if a space does not apply

If this project is participating in the HUD Portfolio Reengineering Program ("Mark-to-Market"), enter the amount of soft
subordinate debt to be restructured by HUD under this program:

Discuss any pre-development funding that is being provided to the project, including whether funds are in the form of a loan or a grant and the expenses and activities
of a loan or a grant and the expenses and activities covered by the pre-development funding.


If the financial structure is anticipated to change during the life of the project, explain when and how this will occur.



                                                           STABLE YEAR CASH FLOW CALCULATION

                                                     Gross Annual Income:          #VALUE!


                                              Operating Expenditures (All):    $             -


                                           Net Operating Income (Hard):            #VALUE!


                                              Primary Debt Service (Hard):     $             -



                                              Cash Flow (Hard Debt Only):          #VALUE!       Net Operating Income (All) less Debt Service (Hard).

                                              Hard Debt Coverage Ratio:            #VALUE!       Net Operating Income (All) divided by Debt Service (Hard).
                                                                                   #VALUE!       Please see program guidelines for Hard DCR minimum
                                                                                                 and maximum.




                                                                                                           Proforma Page 3
                                                    Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                                            x

                                                                   b. project proforma
                                                                Gross Annual Income:        #VALUE!


                                                       Operating Expenditures (All):    $             -


                                                      Net Operating Income (All):           #VALUE!       Gross Annual Income less Operating Expenditures (All).

                                                               HDAP Debt Service        cash flow
                                                   Debt Service for Deferred Fees:      cash flow
                                                        Other Debt Service (Soft):      $             -


                                                                Cash Flow (All Debt):       #VALUE!       Net Operating Income (All) less Debt Service (Hard & Soft).



                                                    Overall Debt Coverage Ratio:            #VALUE!       Divide Net Operating Income (All) by Debt Service (All).
                                                                                            #VALUE!       Please see program guidelines for Overall DCR minimum
                                                                                                          and maximum.

OHFA underwriting is based in part upon the analysis of a 15-year proforma, assuming a 1% annual increase in revenue
and a 4% annual increase in expenses in Years 1 through 3, and then a 2% annual increase in revenue and a 3% annual
increase in expenses in Years 4 through 15.


                                                              ITEMIZATION OF PROJECT COSTS AND ELIGIBLE BASIS

All costs projected to be incurred by the project (eligible and ineligible) are to be listed under total costs.
Those costs to be included in eligible basis are to be broken out by acquisition, rehabilitation, and new construction.
For projects containing a mix of rehabilitation and new construction, eligible costs not directly attributable to the type
of construction (e.g. - most soft costs) may be classified into rehabilitation, new construction, or both,
at the applicant's discretion.
                                                                                                                                  HOUSING CREDIT ELIGIBLE BASIS

                                                                                                                 ACQUISITION               REHABILITATION               NEW CONSTRUCTION

                                                                              TOTAL COSTS
                                                    Land:                 $                           -
                                      Land Broker Fees:                   $                           -
                                    Building Acquisition:                 $                           -   $                        -
                                 Demolition/Relocation:                   $                           -
                                On-Site Improvements:                     $                           -
                                Off-Site Improvements:                    $                           -
                Hard Construction (Residential New Const.):               $                           -
               Hard Construction (Residential Rehab.):                    $                           -
                      Hard Construction (Commercial):                     $                           -
                       Hard Construction (Fee Items*):                    $                           -
                             Construction Contingency:                    $                           -
                                Furnishings/Appliances:                   $                           -
                                 General Requirements:                    $                           -
                                  Contractor Overhead:                    $                           -
                                       Contractor Profit:                 $                           -
                                      Architectural Fees:                 $                           -
                                        Survey(s) Costs:                  $                           -
                                      Engineering Fees:                   $                           -
                                Construction Insurance:                   $                           -
                                   Construction Interest:                 $                           -
                            Construction Loan(s) Fees:                    $                           -
                              Permanent Loan(s) Fees:                     $                           -
                           Costs of TE-Bond Issuance:                     $                           -
                                                   Taxes:                 $                           -
                                               Appraisal:                 $                           -
                                           Market Study:                  $                           -
                                 Environmental Report:                    $                           -
                       Housing Credit Application Fee:                    $                           -
                      Housing Credit Reservation Fee:                             #DIV/0!
                           Compliance Monitoring Fee:                            #VALUE!
                              Rent-up Costs/Marketing:                    $                  -
                                      Title & Recording:                  $                  -
                  Legal Fees (not syndication related):                   $                  -
                                       Accounting Fees:                   $                  -
                         Developer's Fee & Overhead:                      $                  -
                                        Consultant Fees:                  $                  -
                                 **Organizational Fees:                   $                  -
                               **Syndication Expenses:                    $                  -
                                  **Operating Reserves:                   $                  -                                                                                                     0 Required Amount
                                 ARRA Underwriting Fee                                 $     -
                     ARRA Document Preparation Fee                                     $     -
                               Prefunded Asset Mgt Fee                    $                  -
                              Cash Flow Deficit Reserve                                 #VALUE!
                           Lease-up Marketing Reserve                     $                  -
                              **Replacement Reserves:                     $                  -
                                          Other: (specify)                $                  -
                                               TOTALS:                            #DIV/0!       $                                  -   $                       -   $                       -

* - Fee items include things that tenants must pay a fee to use, such as garages, carports, pools, and recreation rooms.
** - Lower-tier (project) costs ONLY.                                                                Proforma Page 4
                                                                   Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                                                                         x

                                                                                                    b. project proforma
                                                                                                         SOURCES AND USES BREAKDOWN
                                                                                                                                                                 SOURCES




                                                                                                                ARRA - TCAP / TCE
                                             Total Project Costs




                                                                                Tax Credit Equity
                     USES
                                  Land:                               0
                     Land Broker Fees:                                0
                   Building Acquisition:   #DIV/0!                            #DIV/0!                         #DIV/0!
                Demolition/Relocation:                                0
                On-Site Improvements:                                 0
                Off-Site Improvements:                                0
  Hard Construction (Res. New Const.):                                0   $                          -   $                          -
      Hard Construction (Res. Rehab.):                                0   $                          -   $                          -
      Hard Construction (Commercial):                                 0
       Hard Construction (Fee Items*):                                0
             Construction Contingency:                                0
               Furnishings/Appliances:                                0
                General Requirements:                                 0
                 Contractor Overhead:                                 0
                      Contractor Profit:                              0
                    Architectural Fees:                               0
                       Survey(s) Costs:                               0
                     Engineering Fees:                                0
               Construction Insurance:                                0
                  Construction Interest:                              0
            Construction Loan(s) Fees:                                0
              Permanent Loan(s) Fees:                                 0
           Costs of TE-Bond Issuance:                                 0
                                 Taxes:                               0
                             Appraisal:                               0
                         Market Study:                                0
                 Environmental Report:                                0
       Housing Credit Application Fee:                                0
      Housing Credit Reservation Fee:                                 0
           Compliance Monitoring Fee:                                 0
              Rent-up Costs/Marketing:                                0
                     Title & Recording:                               0
   Legal Fees (not syndication related):                              0
                      Accounting Fees:                                0
         Developer's Fee & Overhead:                                  0
                      Consultant Fees:                                0
                 **Organizational Fees:                               0
               **Syndication Expenses:                                0
                 **Operating Reserves:                                0
               ARRA Underwriting Fee:                                 0
            ARRA Document Prep Fee:                                   0
              Prefunded Asset Mgt Fee:                                0
            Cash Flow Deficit Reserve:                                0
          Lease-up/Marketing Reserve:                                 0
             **Replacement Reserves:                                  0
                      Other: (specify)                                0
                        SOURCE TOTALS:     #DIV/0!                            #DIV/0!                         #DIV/0!                   $           -   $            -   $          -   $           -   $              -   $   -   $   -


                                                                                                              PROJECT COST NARRATIVES

Describe the provisions made for project reserves, including operating reserve, replacement reserve, lease-up reserve,
and any lender reserve. Provide the assumptions used to estimate the reserve needs.




Describe any specific line items in the operating proforma that may need further explanation.




                                                                                                             PROJECT COST CALCULATIONS

             Total Development Cost per Unit:                                                                 #DIV/0!                   Total Project Costs (less land, commercial hard construction, compliance
                                                                                                                                        monitoring fee, operating reserves, replacement reserves, & residential
                                                                                                                                        historic rehabilitation tax credit amount) divided by total number of units.


                 Maximum Development Cost per Unit:                                                           #DIV/0!                   100% of the HUD 221(d)(3) Mortgage Limit per Unit




                                 Developer Fee %:                                                             #DIV/0!                   Developer's Fee & Overhead plus Consultant Fees divided by
                                                                                                                                                             Proforma Page 5
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                             x

                                          b. project proforma
                                                                Total Housing Credit Eligible Basis.


       Maximum Developer Fee:                       #DIV/0!     For NC, 15% of Total Development Costs less Land and Reserves
                                                                For AR, 15% of Total Development Costs less Acquisition, Land and Reserves, plus 5%
                                                                of Building Acquisition
                                                                               --- OR ---
                                                $             - Equal to 15% of Rehabilitation and New Construction Eligible Basis plus 10%
                                                                of Acquisition Eligible Basis (for prop. transfers requiring HUD approval).




Contr. Profit, OH, & Gen. Req. %:                   #DIV/0!     Contractor's Profit, Overhead, & General Requirements divided by
                                                                Total Rehabilitation and New Construction Eligible Basis.

               Total Soft Cost %:                   #DIV/0!     Total Soft Costs (less: construction insurance, interest, & loan fees;
                                                                housing credit application, reservation, & monitoring fees; and operating
                                                                & replacement reserves) / by Total Housing Credit Eligible Basis.

             Contr. Profit <= 6%:                   #DIV/0!     ARRA Requirment that Contractor's Profit be less than or equal to 6%, Contractor Profit
                                                    #DIV/0!     divided by Hard Construction Costs    Maximum                     0

         Contr. Overhead <= 2%:                     #DIV/0!     ARRA Requirment that Contractor's Profit be less than or equal to 6%, Contractor Profit
                                                    #DIV/0!     divided by Hard Construction Costs    Maximum                     0

   General Requirements <= 6%:                      #DIV/0!     ARRA Requirment that Contractor's Profit be less than or equal to 6%, Contractor Profit
                                                    #DIV/0!     divided by Hard Construction Costs    Maximum                     0

 Hard Construction Costs for Rehab:             $             - Sum of rehabilitation costs for residential hard construction, on-site
                                                                improvements, construction contingency, furnishings and appliances.

Rehab Hard Construction Cost %:                     #DIV/0!     Hard Construction Cost for Rehabilitation divided by
                                                    #DIV/0!     Total Project Cost (less land).

     Maximum Net Eligible Basis:                                      #DIV/0! 100% of the HUD 221(d)(3) Mortgage Limit per Unit multiplied by
                                                                              the total number of units




                                                                                        Proforma Page 6
      Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                     c. cost breakdown
Construction Cost - Detail


All amounts shown below have been reduced to give effect to the amount(s) of any rebates,
adjustments, discounts, or any other devices which, if included, would have the effect of
overstating the actual costs.

Trade Item                                        Total
Earth Work
Site Utilities
Roads and Walks
Site Improvements
Lawns and Planting
Unusual Site Conditions
Concrete
Masonry
Metals
Rough Carpentry
Finish Carpentry
Waterproofing
Insulation
Roofing
Sheet Metal
Doors
Windows
Glass
Lath and Plaster
Drywall
Tile Work
Acoustical
Wood Flooring
Resilient Flooring
Painting and Decorating
Specialities
Special Equipment
Cabinets
Appliances
Blinds and Shades, Artwork
Carpets
Special Construction
Elevators
Plumbing and Hot Water
Heat and Ventilation
Air Conditioning
Electrical
Miscellaneous (Labor and Materials)*
Site Security
Bond Premium
Building Permits
Total**                                               $0
                                            OK



* Total purchases of materials and cost of labor amounting to less than $1,000 may be included
as a lump sum under miscellaneous materials and labor. Costs exceeding this amount for
materials and labor must be allocated to the trade item under which they



** - Total must match total of amounts listed as On-Site Improvements, Off-Site Improvements,
Construction (Res. N.C.), Construction (Res. N.C.), Construction (Res. Rehab.), Construction
(Commercial), Construction (Fee Items), and Furnishings/Appliances o

If space is insufficient on this form for any line item, attach a schedule.
          Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                d. general requirements
General Requirements - Detail


Item                                                 Total
Supervision
Field Engineering
Field Office Expense
Temporary Facilities
Temporary Utilities
Cleaning and Rubbish Removal
Other Fee By Contractor (list below)




Total *                                                 $0
                                               OK
* - Total must match amounts listed as General Requirements on
Project Proforma tab.

If space is insufficient on this form for any line item, attach a schedule.
                                                Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                                                 e. project lease up
Closing Year             #VALUE!
                                                               Monthly Occupied Units to be entered cumulatively



 Month         Year       STATUS      OCCUPIED REVENUE           Month        Year     STATUS    OCCUPIED   REVENUE    Month    Year     STATUS    OCCUPIED REVENUE

       1   #VALUE!       #VALUE!               0     #DIV/0!             1   #VALUE!   #VALUE!         0     #DIV/0!       1   #VALUE!   #VALUE!         0   #DIV/0!
       2   #VALUE!       #VALUE!               0     #DIV/0!             2   #VALUE!   #VALUE!         0     #DIV/0!       2   #VALUE!   #VALUE!         0   #DIV/0!
       3   #VALUE!       #VALUE!               0     #DIV/0!             3   #VALUE!   #VALUE!         0     #DIV/0!       3   #VALUE!   #VALUE!         0   #DIV/0!
       4   #VALUE!       #VALUE!               0     #DIV/0!             4   #VALUE!   #VALUE!         0     #DIV/0!       4   #VALUE!   #VALUE!         0   #DIV/0!
       5   #VALUE!       #VALUE!               0     #DIV/0!             5   #VALUE!   #VALUE!         0     #DIV/0!       5   #VALUE!   #VALUE!         0   #DIV/0!
       6   #VALUE!       #VALUE!               0     #DIV/0!             6   #VALUE!   #VALUE!         0     #DIV/0!       6   #VALUE!   #VALUE!         0   #DIV/0!
       7   #VALUE!       #VALUE!               0     #DIV/0!             7   #VALUE!   #VALUE!         0     #DIV/0!       7   #VALUE!   #VALUE!         0   #DIV/0!
       8   #VALUE!       #VALUE!               0     #DIV/0!             8   #VALUE!   #VALUE!         0     #DIV/0!       8   #VALUE!   #VALUE!         0   #DIV/0!
       9   #VALUE!       #VALUE!               0     #DIV/0!             9   #VALUE!   #VALUE!         0     #DIV/0!       9   #VALUE!   #VALUE!         0   #DIV/0!
      10   #VALUE!       #VALUE!               0     #DIV/0!            10   #VALUE!   #VALUE!         0     #DIV/0!      10   #VALUE!   #VALUE!         0   #DIV/0!
      11   #VALUE!       #VALUE!               0     #DIV/0!            11   #VALUE!   #VALUE!         0     #DIV/0!      11   #VALUE!   #VALUE!         0   #DIV/0!
      12   #VALUE!       #VALUE!               0     #DIV/0!            12   #VALUE!   #VALUE!         0     #DIV/0!      12   #VALUE!   #VALUE!         0   #DIV/0!

  TOTAL                  #VALUE!                     #DIV/0!      TOTAL                #VALUE!               #DIV/0!   TOTAL             #VALUE!             #DIV/0!

NOTE: THIS ANALYSIS IS BASED SOLELY UPON INFORMATION PROVIDED BY THE DEVELOPER/GENERAL PARTNER.




                                                      Date       month    year
                                  Start Leasing                 ####### #VALUE!
                               Complete Leasing                 ####### #VALUE!

the yellow highlighted cells will draw from project information page.
                                                                                        Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                                                   f. project underwriting and 18 year proforma
                                                                                                                                                                         ACQ          SR         NC        Total                          Requested
                                                                                                                                           Credit Applied For:          #DIV/0!     #DIV/0!     #DIV/0!    #DIV/0!                    10 Year Total: #DIV/0!
                                                                                                                                           If Category 2 (No Investor) Enter $0.75 in Cell M11, Otherwise Enter Actual Equity Pricing     LP Total: #DIV/0!
A.   Sources & Uses                                                                                                                                 B. Net Equity Calculation Table - Owner Figures                                LP % Ownership:
                                                                                                                                                                                                                                                                      Eligibility
             Source                              Amount        sources - ARRA   uses            Rate        Amort.       % of Sources                                  Equity Factor                  Net Proceeds                                                10 Year Total:         $0
         1.                                  $           -     $           -                       0.00%             0     #DIV/0!                                       #DIV/0!                       $               -                                              LP Total:     #VALUE!
         2. ARRA Funding                            #DIV/0!                                        0.00%             0     #DIV/0!                                    Reduced Equity                 Reduced Equity                           Gap              LP % Ownership:
         3 HDAP                              $           -     $           -                       0.00%             0     #DIV/0!                                        0.7500                           #DIV/0!                           #DIV/0!
         4 Def Dev Fee                       $             -   $           -                       0.00%             0     #DIV/0!                 C. Net Monthly Tenant Rents
         5                                   $             -   $           -                       0.00%             0     #DIV/0!                                                        Gross            Tenant            Rental                         Monthly                 Maximum
         6                                   $             -   $           -                       0.00%             0     #DIV/0!                       # of Units      # of BR          Rents            Utilities        Subsidy     Net Rents           Income      % AMGI        Rent
         7                                                                                  Equity Factor                                                    0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
         8   LIHTC Equity                           #DIV/0!           #DIV/0!                     0.7500                   #DIV/0!                           0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
         9   Historic Equity                 $           - $               -                                               #DIV/0!                           0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
        10   GP Equity                       $           - $               -                                               #DIV/0!                           0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
        11   Other:                                         $              -                                               #DIV/0!                           0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
        12   Total Sources                          #DIV/0!           #DIV/0!     #DIV/0!                                  #DIV/0!                           0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                                                                             0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                                                                             0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                      Total Project Cost:        #DIV/0!                                                                                                     0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                          % of Sources:          #DIV/0!                                          Operating Reserve: $               -                       0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                          Maximum: $                 -                       0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                          Minimum: $                 -                       0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                                                                             0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!
                                                                                                                                                             0              0         $           -    $               -   $        -    $             -   $        -     0.00%     #VALUE!

                                                                                                                                                            0                                                                                              $        -


                                                                                                                                                        Gross Potential Rents                                                                                  $0
                                                                                                                                                                                      #VALUE!                                                              #VALUE!

                                                                                                                                                        EFFECTIVE APARTMENT RENTAL INCOME
                                                                                                                                                        Other Income:                      # Units     Rent/Month
                                                                                                                                                         Carports                                 0           $0.00                                             $0
                                                                                                                                                         External Storage                         0           $0.00                                             $0
                                                                                                                                                         Laundry, Vending, Cable                  0           $0.00                                             $0
                                                                                                                                                         Other -- Concession                      0           $0.00                                             $0              0
                                                                                                                                                         Other --                                 0           $0.00                                             $0
                                                                                                                                                        EFFECTIVE GROSS INCOME                                                                             #VALUE!




D. Proforma Assumptions                                                                                                                             E. Operating Expenses

                                                                                            OHFA Mortgage Terms                                                             County:                                                             New Construction:          No
             Years 1 thru 3                                                                                                                                                               Region:           #N/A                                  Senior Housing:          No
                        Income % Increase:       1.00%
                      Expenses % Increase:       4.00%                                            Rate:     8.00%        3% + Prime Rate                            Annual Operating Expenses: $         -                              Replacement Reserves: $         -
                               Vacancy %:                                                         Term:       25         years                                                      PER UNIT:    #DIV/0!                                          PER UNIT:     #DIV/0!


             Years 4 thru 15                                                                                                                                                          Maximum:              #N/A                                           Maximum: $        400
                        Income % Increase:       2.00%                                                                                                                                Minimum:              #N/A                                           Minimum: $        300
                      Expenses % Increase:       3.00%
                               Vacancy %:
F.   18-Year Proforma (stabilized vacancy rate )
     Months in Service Year 1                                           #VALUE!
     Perm Debt Conversion                                                                            1/0/1900
                                                                        #VALUE!       #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
                                                                        #VALUE!       #VALUE!       #VALUE!
                                                            #VALUE!     #VALUE!       #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
                                             Stable Year         YR 1        YR 2         YR 3          YR 4        YR 5          YR 6          YR 7          YR 8          YR 9        YR 10       YR 11        YR 12      YR 13      YR 14      YR 15      YR 16      YR 17      YR 18
     Annual Net Rents:                   $              -                   #DIV/0!         $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     Ann. Res. Fee Income:                                                                  $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     Other Income:                                     $0                   #DIV/0!         $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
                                                                                            $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     Ann. Comm. Income:                                                                     $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     (Vacancy Allowance):                       #VALUE!                   #VALUE!      #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
     (Tenant Contributions):                                                                $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     Effective Gross Income:                    #VALUE!                     #DIV/0!    #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!


     (Operating Expenses):               $              -               #VALUE!             $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0
     (Replmnt. Reserves): 3% Inflator    $              -               #VALUE!             $0            $0          $0            $0            $0            $0            $0           $0          $0           $0         $0         $0         $0         $0         $0         $0


     Net Operating Income:                      #VALUE!                     #DIV/0!    #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!   #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!    #VALUE!
     (Debt Service (1st)):                             $0               #VALUE!       #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
$0.0 (Debt Service (HDAP)):                    cash flow                #VALUE!       #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
$0.0 (Deferred Dev Fee):                      Cash Flow                           0             0          0              0             0             0             0             0         0              0         0          0          0          0          0          0          0
$0.0 (Debt Service (5th)):               $              -       0.00%       #DIV/0!    #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
$0.0 (Debt Service (6th)):               $              -       0.00%       #DIV/0!    #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!


     Cash Flow:                                 #VALUE!                                #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!   #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!    #VALUE!


     Hard DCR* (>1.20):                      #VALUE!                                  #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
     * - includes replacement reserves                                                #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!
     DCR All (<1.30):                        #VALUE!                                  #VALUE!       #VALUE!     #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!       #VALUE!    #VALUE!       #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!
                                                                  Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application                                                                                             7/12/2011    10:11 AM


                                                     g. project debt and deferred fee amortization
Amount                       $                  -
Interest Rate                               0.00%
Amorization Period (Years)                      0                       #VALUE!     Months Payment on 1st Mtg
Term in Years                                   0
Annual Payment               $                  -          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
                                                            Year 1       Year 2       Year 3        Year 4       Year 5     Year 6     Year 7     Year 8     Year 9     Year 10    Year 11     Year 12     Year 13     Year 14     Year 15     Year 16     Year 17     Year 18      Year 19
Beginning Balance                                                  0            0    #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Principal                                                  #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest                                                   #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Ending Balance                                             #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Annual Payment                                             #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!




HDAP
Amount                       $                -                          0.00%
Interest Rate                           0.00%                                       Construction Completion
Amorization Period (Yrs)                     0
Term in Years                                0                            Thru
Annual Payment                       cash flow             #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
                                                           Construct.    Year 1       Year 2        Year 3       Year 4     Year 5     Year 6     Year 7     Year 8     Year 9     Year 10     Year 11     Year 12     Year 13     Year 14     Year 15     Year 16     Year 17      Year 18
Beginning Balance                                                 $0    #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Annual Payment                   0.00%                $0            0   #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!              0            0
12 Month Interest Total                                    #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Year End Balance                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Principal Payment                                          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Paid                                              #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Accrued                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!




Amount                       $                  -
Interest Rate                               0.00%
Amorization Period (Yrs)                        0
Term in Years                                   0
Annual Payment               $                  -          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
                                                           Construct.    Year 1       Year 2        Year 3       Year 4     Year 5     Year 6     Year 7     Year 8     Year 9     Year 10     Year 11     Year 12     Year 13     Year 14     Year 15     Year 16     Year 17      Year 18
Beginning Balance                                                 $0    #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Annual Payment                   0.00%                                  #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!              0            0
12 Month Interest Total                                    #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Year End Balance                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Principal Payment                                          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Paid                                              #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Accrued                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!




Amount                       $                  -
Interest Rate                               0.00%
Amorization Period (Years)                      0
Term in Years                                   0
Annual Payment *             $                  -          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
                                                           Construct.    Year 1       Year 2        Year 3       Year 4     Year 5     Year 6     Year 7     Year 8     Year 9     Year 10     Year 11     Year 12     Year 13     Year 14     Year 15     Year 16     Year 17      Year 18
Beginning Balance                                                 $0    #VALUE!       #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Annual Payment                   0.00%                                  #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!              0            0
12 Month Interest Total                                    #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Year End Balance                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Principal Payment                                          #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Paid                                              #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!
Interest Accrued                                           #VALUE!      #VALUE!      #VALUE!       #VALUE!      #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!    #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!



Deferred Developers Fee
Amount                       $                   -
Interest Rate                               0.00%
Term in Years                                    0
Annual Payment *                         Cash flow
                                #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!     #VALUE!      #VALUE!      #VALUE!      #VALUE!      #VALUE!      #VALUE!      #VALUE!      #VALUE!
                                 Year 1      Year 2      Year 3      Year 4      Year 5      Year 6      Year 7      Year 8      Year 9      Year 10      Year 11      Year 12      Year 13      Year 14      Year 15      Year 16      Year 16
Beginning Balance                       0           0           0           0           0           0           0           0           0            0            0            0            0            0            0            0            0   0   0
Annual Payment from cash flow           0           0           0           0           0           0           0           0           0            0            0            0            0            0            0            0            0   0   0
Year End Balance                        0           0           0           0           0           0           0           0           0            0            0            0            0            0            0            0            0   0   0
                                             Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                                               h. public notification
                                                     Elected Officials and Legislators Where Project is Located
     See program guidelines for specific instructions.


     If the project is located in a city or village, complete Part a;
     if the project is located in a township, complete Part b. All projects must complete Parts c, d and e.

a.       CITY OR VILLAGE

     Chief Executive Officer in which the project is located                              Clerk of the Legislative Body in which project is located




b.                 TOWNSHIP

     Clerk of the Board of Trustees in which proposed project is located




c.                    COUNTY

     Clerk of the Board of Commissioners in which the project is located




d.   STATE REPRESENTATIVE


     State Representative in which the project is located                                            District




e.   STATE SENATOR

     State Senator in which the project is located                                                   District




                                  Elected Officials and Legislators For Jurisdictions Within 1/2 Mile of the Project

a.       CITY OR VILLAGE

     Chief Executive Officer 1/2 mile from which proposed project is located              Clerk of the Legislative Body 1/2 mile from which proposed project is located




b.                 TOWNSHIP

     Clerk of the Board of Trustees 1/2 mile from which proposed project is located




c.                    COUNTY

     Clerk of the Board of Commissioners 1/2 mile from which proposed project is located




d.   STATE REPRESENTATIVE

     State Representative 1/2 mile from which proposed project is located                 District




e.   STATE SENATOR

     State Senator 1/2 mile from which proposed project is located                        District




                                                                                      Public Notification - Page 1
                                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                                          h. public notification
                                 Elected Officials and Legislators For Jurisdictions Within 1/2 Mile of the Project

a.       CITY OR VILLAGE

     Chief Executive Officer 1/2 mile from which proposed project is located              Clerk of the Legislative Body 1/2 mile from which proposed project is located




b.                 TOWNSHIP

     Clerk of the Board of Trustees 1/2 mile from which proposed project is located




c.                    COUNTY

     Clerk of the Board of Commissioners 1/2 mile from which proposed project is located




d.   STATE REPRESENTATIVE

     State Representative 1/2 mile from which proposed project is located                 District




e.   STATE SENATOR

     State Senator 1/2 mile from which proposed project is located                        District




                                 Elected Officials and Legislators For Jurisdictions Within 1/2 Mile of the Project

a.       CITY OR VILLAGE

     Chief Executive Officer 1/2 mile from which proposed project is located              Clerk of the Legislative Body 1/2 mile from which proposed project is located




b.                 TOWNSHIP

     Clerk of the Board of Trustees 1/2 mile from which proposed project is located




c.                    COUNTY

     Clerk of the Board of Commissioners 1/2 mile from which proposed project is located




d.   STATE REPRESENTATIVE

     State Representative 1/2 mile from which proposed project is located                 District



e.   STATE SENATOR

     State Senator 1/2 mile from which proposed project is located                        District




                                                                                      Public Notification - Page 2
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application

                                 i. OHFA program certification
An original executed OHFA Program Certification must be submitted for each general partner participating in the project.

 The undersigned, having full power and authority to execute, deliver, perform, enter into and carry out the performance of th is application, hereby
 represents and certifies under penalty of perjury that:

 To the best of his/her knowledge, all information contained within, attached to, and submitted with the 2008 Ohio Housing Finance Agency Affordable
 Housing Funding Application is true and complete, and accurately describes the proposed project;

 Any additional information requested by the Ohio Housing Finance Agency will be supplied by the undersigned in order for this application to remain
 valid;

 The undersigned affirmatively covenants that it does not owe (a) any delinquent taxes to the State of Ohio ("the State") or a political subdivision of the
 State; (b) any moneys to the State or a state agency for the administration or enforcement of any environmental laws of the S tate; and (c) any other
 moneys to the State, a state agency or a political subdivision of the State that are past due, whether the amounts owed are b eing contested in a court
 of law or not;

 The undersigned agrees that the Ohio Housing Finance Agency (including its agencies) will at all times be indemnified and hel d harmless against all
 losses, costs, damages, expenses, and liabilities whatsoever nature or kind (including, but not limited to attorney's fees, l itigation, and court costs,
 amounts paid in settlement, and amounts paid to discharge judgment, and any loss from judgment from the Internal Revenue Serv ice) directly or
 indirectly resulting from, arising out of, or related to acceptance, consideration, and approval or disapproval of such alloc ation and/or funding request.

 It is the responsibility of the undersigned and any of its employees, agents or sub -contractors in doing business with the Ohio Housing Finance
 Agency to adhere to and comply with all Federal Civil Rights legislation inclusive of the Fair Housing Laws, Section 504 of the Rehabilitation Act of
 1973, the Americans With Disabilities Act as well as any state and local Civil Rights legislation along with any required related codes and laws.
 Should the Ohio Housing Finance Agency not specify any requirements, such as design, it is none the less the owners responsib ility to be aware of
 and comply with all non-discrimination provisions relating to race, color, religion, sex, handicap, familial status, and nationa l origin. This includes
 design requirements for construction or rehabilitation, Equal Opportunity in regard to marketing and tenant selection and rea sonable accommodation
 and modification for those tenants covered under the Laws.

 The undersigned will unconditionally comply with all policies, rules, regulations, and guidelines of the Ohio Housing Finance Agency.

 The undersigned declares that notification pursuant to ORC Section 175.07 and program guidelines has been made. The undersigned assumes full
 responsibility for notification and agrees to hold the OHFA harmless for notification requirements.

 If applying for the Housing Credit Program, the following additional conditions will apply:

 The undersigned is 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, and will satisfy all applicable requirements of federal tax law in the acquisition, rehabilitation, or construction and
 operation of the project to receive low-income housing tax credits.

 If applying for the Housing Development Loan Program, the following additional conditions will apply:

 The undersigned is responsible for the provision of ORC 175, the pertinent Administrative Rules, and OHFA Loan Guidelines.

 The undersigned certifies that this project can proceed only "but for" the receipt of the Housing Development Loan.

 If applying for the Housing Development Assistance Program (HDAP), the following additional conditions will apply:

 The undersigned has full power and authority to execute, deliver, perform, enter into and carry out the performance of this p roposal according to the
 undersigned's charter, by-laws, and/or articles of incorporation;

 The undersigned has read, understood and will abide by the current HDAP guidelines.

 The board of the non-profit organization has passed a resolution authorizing submission of this request for funding to the Ohio Housing Finance
 Agency, and a copy of this resolution is attached.




                                                                        Program Certification - Page 1
                             Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application

                                i. OHFA program certification
IN WITNESS WHEREOF, the undersigned has caused this document to be duly executed in its name on

                     this                         day of




                                            Legal Name of Actual or Proposed Ownership Entity




               BY:
                            Authorized Signature - General Partner



                            Print Name



                            Title



                            Organization




              STATE OF                                         :
                                                               :                      ss:
            COUNTY OF                                          :

         BEFORE ME, a Notary Public in and for said County and State, personally appeared the above-named

         _______________________________________________________________________________________________________

         _______________________________________________________________________________________________________,

         who acknowledges that he/she did sign the foregoing instrument on behalf of ________________________________________,

         and that the same is the free act and deed of the ________________________________________________________________

         and his/her free act and deed individually and as such ____________________________________________________________.

         IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at

         ____________________________, __________________, this ______________ day of ________________________, 2008.




                                                                   Program Certification - Page 2
                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                j. housing credit program
                   This is the official OHFA form
                                         PREVIOUS ALLOCATION OF HOUSING CREDIT


Has this project previously received an allocation of Housing Credits?                                           Yes                                       No

If Yes, please complete the following:
                                       Allocation Year:                                           BIN #(s):
                                   Placed In Service Date                                 Original Tracking #:


                                             acquisition           rehabilitation       new construction
           Enter Previous Allocation:    $                 -   $                    -    $             -

                                             ANNUAL HOUSING CREDIT CALCULATION


                                       total                 total                    total
                                       acquisition           rehabilitation           new construction
                                       basis                 basis                    basis
                 Total Eligible Basis: $                   - $                      - $              -

    Portion of Grants & Low-Interest
     Federal Loans used to Finance
      Qualifying Development Costs:                                                                              Subtract from Total Eligible Basis.

                      Non-Qualifying
              Units of Higher Quality:                                                                           Subtract from Total Eligible Basis.

                 Historic Tax Credit:                                                                            Subtract from Total Eligible Basis.
           (Residential Portion only)
                                                                                             #DIV/0!
          Unit Cost Cap Adjustment:           #DIV/0!                 #DIV/0!                #DIV/0!             Deduction for projects that exceed the
                                                                                                                 HUD 221(d)(3) Mortgage Limits.

                   Net Eligible Basis:        #DIV/0!                 #DIV/0!                #DIV/0!

 Percentage of Sites in a 2008 QCT:                                         0.00%                     0.00% See Exhibit C of the 2008 QAP

              Adjusted Eligible Basis:        #DIV/0!                 #DIV/0!                #DIV/0!             Multiply Net Eligible Basis by 130% for Sites
                                                                                                                 Located in a QCT.

                 Applicable Fraction:         #VALUE!                #VALUE!                #VALUE!              Lesser of Low-Income Unit Fraction or
                                                                                                                 Low-Income Floor Space Fraction.

                Total Qualified Basis:        #DIV/0!                 #DIV/0!                #DIV/0!             Multiply Adjusted Eligible Basis
                                                                                                                 by Applicable Fraction.

   Applicable Tax Credit Percentage:                 3.30%                  9.00%                     9.00% Use the most current rates published.

                 Annual Amount of
          Housing Credit Requested:           #DIV/0!                 #DIV/0!                #DIV/0!             Multiply Total Qualified Basis by
                                                                                                                 Applicable Tax Credit Percentage.

                 Previous Allocation:                                                                            Subtract from Amount of HC Requested.



                            Housing Credit Requested:                 #DIV/0!           Add Acquisition, Rehabilitation, & New Construction
                                                                                        Housing Credit amounts.

                          Ten Year Housing Credit Total:              #DIV/0!           Multiply Total Housing Credit Amount by 10.




                                                               Housing Credit - Page 1
                                  Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                       j. housing credit program
                          This is the official OHFA form
                                                        SALE OF LIMITED PARTNERSHIP


             Name of Fund or Syndicator:

    Type of Offering:

                          Public Offering                                                Self-Syndicated

                          Private Offering                                               No Syndication

    Contact Person:                  Name:
                                   Phone #:                        (ext)                             Fax #:



                                             HOUSING CREDIT EQUITY PROCEEDS CALCULATION


    Calculation of Net Equity:
                                                  Gross Equity:    $                 -
                          less: upper tier Bridge Loan interest:   $                 -
                  less: lower tier OHFA Bridge Loan interest:
                    less: lower tier other Bridge Loan interest:
                                         less other deductions:    $                 -

                                                     Net Equity:   $                 - Should equal the Housing Credit Net Equity amount listed in
                                                                                         the conditional equity commitment letter

    Housing Credit Net Equity Factor:                #DIV/0!       4 decimals            Less all upper tier costs and bridge loan interest, and
                                                                                         including OHFA Equity Bridge Loan (if applicable).


                                        DESIGNATION OF HOUSING CREDIT ALLOCATION POOL


    Applications for the competitive funding round will be assigned by OHFA to one allocation pool based on the characteristics
    of the proposed project. Mark an "x" in each applicable space below to determine the allocation pool for your project.

    Indicate whether all of the buildings in this project will be financed using one of the following USDA Rural Development programs:

0                         Section 515 Rural Rental Housing Loan (new construction only)
0                         Section 538 Rural Rental Housing Loan Guarantee (must equal at least 10% of total project costs)

    Will this project be designated as Permanent Supportive Housing for the Homeless that meets all applicable OHFA requirements?

                      0                        Yes                                       No



    Indicate whether all of the residential buildings in this project will meet one of the following definitions of preservation housing:

0                         HUD Section 8 Housing Assistance Payment (HAP) contract due to expire on or before December 31, 2008.
0                         Troubled project that has received assistance from the USDA Rural Development office.
0                         Approved to participate in the HUD Portfolio Reengineering Program.
0                         HUD Section 202 or Section 811 project placed-in-service prior to 1979.
0                         Existing HUD Section 236 project with decoupling of Interest Reduction Payment (IRP).
0                         Project that received an allocation of Housing Credits between 1987 and 1994 and was later completed and placed-in-service.

    This project will compete in the following allocation pool:                 Geographic Pool

    Geographic pool designation (if applicable):                           #N/A                FALSE                 #N/A




                                                                    Housing Credit - Page 2
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  j. housing credit program
                     This is the official OHFA form
                                                  COMPETITIVE SCORING CRITERIA


 Satisfactory evidence must be submitted to secure competitive points in each category.
 Please see the 2008 Qualified Allocation Plan (QAP) for evidencing requirements and additional information.



 Additional Rent Restrictions - applicants must select the appropriate election to receive 25 points:                                              0

                     60% of the units affordable to households with incomes at or below 50% AMGI (projects located in Geographic Pool A or B); or

                     40% of the units affordable to households with incomes at or below 50% AMGI (projects located in Geographic Pool C except
                     for the counties listed below); or

                     30% of the units affordable to households with incomes at or below 50% AMGI (projects located in Belmont, Lawrence or
                     Washington counties).


 Senior Housing: (5 points)                                                                                                                        0

 Will the owner set aside 100% of the units in the project for households with at least one person age 55 years or older,
 and meet all of the requirements for Senior Housing indicated in the 2008 QAP?

                                         Yes                                      No

 Additional Income Targeting - applicants selecting one of the following elections will receive 10 points:                                         0

                     5% of the units occupied and affordable to households with incomes at or below 35% AMGI (projects located in
                     non-Participating Jurisdictions); or

                     10% of the units occupied and affordable to households with incomes at or below 35% AMGI (projects located in
                     Participating Jurisdictions)

 Universal Design Features: (up to 10 points)                                                                                             0        0

Bathroom Features:                       Kitchen Features:


 Single-Family Lease Purchase: (5 points)                                                                                                          0

 Will the owner agree to offer homeownership opportunities to all qualified households after the initial 15-year compliance period, and meet all of the
 requirements for Single-Family Lease Purchase indicated in the 2008 QAP?

                                         Yes                                      No

 Family Supportive Services: (5 points)                                                                                                            0

 Will the owner provide the Family Supportive Services outlined in the 2008 QAP to all households in the project?

                                         Yes                                      No

 Will the owner target at least 10% of the units to grandparents who have legal custody of their grandchildren?

                                         Yes                                      No




                                                              Housing Credit - Page 3
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  j. housing credit program
                  This is the official OHFA form
Historic Buildings: (2 points)                                                                                                                    0

Will this project use Historic Rehabilitation Tax Credits in its financing structure?

                                         Yes                                        No

Are there buildings in this project listed on National Register of Historic Places?

                                         Yes                                        No

Have the buildings in this project received an approved Part I application from the Ohio Historic Preservation Office?

                                         Yes                                        No

                                         Approval Date

What percentage of the total units in this project are contained in historic buildings?

Have one of the general partners or the contractor for this project successfully completed and placed-in-service at least one other historic project?

                                         Yes                                        No

Accessible Units: (5 points)                                                                                                                      0

Will a minimum of 10% of the units in the project be designed for persons with mobility impairments as defined in Section 504 of the Rehabilitation
Act of 1973 (as amended) and certified on OHFA Form 001?

                                         Yes                                        No

MR / DD or SMI Unit Set-Aside: (5 points)                                                                                                         0

Will the owner serve households with at least one person with a developmental disability or severe and persistent mental illness, and meet all of the
requirements for serving these populations indicated in the 2008 QAP?

                                         Yes                                        No

What percentage of the units will be set aside for this population?

Energy Efficient Design: (5 points)                                                                                                               0

Will all residential buildings in the project meet the energy efficiency rating standards as indicated and certified on OHFA Form 001?

                                         Yes                                        No


Green Communities: (5 points)                                                                                                                     0

Will the project meet all requirements and guidelines of the Green Communities Initiative as defined in the 2008 QAP?

                                         Yes                                        No

                                                                                                                           TOTAL SCORE            0




                                                                Housing Credit - Page 4
                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                  j. housing credit program
                   This is the official OHFA form
                                              RESTRICTIVE COVENANT ELECTIONS


Rent elections for the low-income units in the project: (use percentages)

                          of the low-income units at               60%            of Area Median Gross Income (AMGI).

                          of the low-income units at               50%            of AMGI.

                          of the low-income units at               35%            of AMGI.

                                                    MINIMUM SET-ASIDE ELECTION


Please mark one box below:

                   At least 20% of the rental residential units in this development are rent restricted
                   and to be occupied by individuals whose income is 50% or less of Area Median Income.

                   At least 40% of the rental residential units in this development are rent restricted
                   and to be occupied by individuals whose income is 60% or less of Area Median Income.

                         HDAP OCCUPANCY & AFFORDABILITY REQUIREMENTS (if applicable)


If applying for HDAP in addition to Housing Credits, please mark one box below:

                   At least 40% of the rental residential units in this development will be occupied by and affordable to
                   individuals at or below 50% of Area Median Income (for projects located in PJ areas) .

                   At least 35% of the rental residential units in this development will be occupied by and affordable to
                   individuals at or below 50% of Area Median Income (for projects located in Non-PJ areas) .

                                               HOUSING CREDIT APPLICATION FEE


Application Fee:         $1,000


                            Please make checks or money orders payable to:       Ohio Housing Finance Agency
                                 Please write the project name on the check.


                                                    ESTIMATED RESERVATION FEE


         Reservation Fee (estimate):         #DIV/0!

                                                    ESTIMATED MONITORING FEE


           Monitoring Fee (estimate):       #VALUE!




                                                             Housing Credit - Page 5
                                Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                    j. housing credit program
                       This is the official OHFA form
                                    HOUSING CREDIT APPLICATION SUBMISSION CHECKLIST

To apply for Housing Credits, in addition to completing Sections A, B, C, D, and E of the 2008 OHFA
Affordable Housing Funding Application, please submit the exhibits and attachments as follows :


   See the 2008 Qualified Allocation Plan for detailed submission item descriptions.

                          Application for Site and Market Evaluation - must be submitted by February 14, 2008

                          Market Study * - Submit with Site and Market Evaluation by February 14, 2008

                          Completed 2008 AHFA * - deadline for full application is May 22, 2008

                                              Application Fee

                                              Evidence of Site Control

                                              Evidence of Proper Zoning

                                              OHFA Form AFHM-98: Affirmative Fair Housing Marketing Plan & Attachments

                                              Conditional Financial Commitment Letters

                                              Utility Allowance Information

                                              Evidence of Minimum Project Standards

                                              OHFA Form 004: Certification of Consistency with Local Consolidated Plan or CHIS

                                              Evidence of Development Team Standards

                                              Evidence for Competitive Review Points (see the 2008 Qualified Allocation Plan for details)




                                                                 Housing Credit - Page 6
                                       Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


       k. housing development assistance program (HDAP)
                                                                    THRESHOLD REVIEW

    The following items represent the minimum requirements for this program. The staff will strictly adhere to the policies established in the
    program guidelines. It is strongly recommended that applicants review the guidelines to avoid delays in processing their request.



In addition to the applicable Threshold requirements noted for the Housing Development Loan Program, the Recipient must submit:


                           HUD Form 424 - Application for Federal Assistance

                           Most recent audited financial statements of the Recipient

                           Organizational Chart of the Applicant organization

                           Lead Based Paint Plan

                           Qualified Cost Estimates
                           (If any members of the development team have an identity of interest with the general contractor, then the
                           cost estimates must be from a third party)

                           Evidence of submission to the Local Clearinghouse:
                           - copy of the cover letter, and
                           - copy of one of the following:
                             a) stamped certified receipt
                             b) signed green card for certified mail
                             c) signed receipt from the Clearinghouse
                             d) letter from the Clearinghouse acknowledging receipt

                           Copy of Corporate Resolution of Recipient evidencing the authority of the "authorized signer" to sign legal documents
                           on behalf of the organization

                           Required Narratives

For Applicants qualified to participate in the HOME CHDO set-aside and/or applicants requesting a grant:

                           Submit a copy of the letter from the State acknowledging the entity as a State Certified CHDO

If applying for a Grant:

                           Evidence of Federal Tax-Exempt Status [i.e. 501(c)(3) or 501(c)(4)]

                           Articles of Incorporation and Ohio Secretary of State documentation of status for the Non-Profit Organization

                           By-Laws of the Non-Profit Organization

         NOTE: Projects that are currently receiving subsidy that requires rent to be maintained at an affordable level and
         are NOT being submitted as a Preservation Project are NOT eligible for an allocation of funds under HDAP.



                                                                 GENERAL INFORMATION

         If this project previously received an allocation of Credits, the original Housing Credit Tracking # will appear below.
                        0

         Type of award being requested (select one) :

                           Grant            NOTE: The project must meet the eligibility requirements for a grant, if requested.

                           Loan




                                                                            HDAP - Page 1
                               Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


k. housing development assistance program (HDAP)
                                   PROFILE OF COMMITTED/POTENTIAL FEDERAL FUNDING

Federal Funding Anticipated and/or Awarded                                MUST INCLUDE ALL SOURCES OF HOME/FEDERAL DOLLARS
                                                                                              Amounts

Source                                                 HOME               CDBG                (Other)             (Other)            (Other)
Housing Development Assistance Program                 $              -
                                                       $              -


                                                                                                                                                         #DIV/0!
                                             Totals:   $              -   $               -   $               -   $              -   $               -

Calculation of Assisted Units - Estimate

HDAP Assisted Units:                     #DIV/0!       HDAP Amount Requested divided by Total Project Cost multiplied by Total
                                                       Number of Units.

HOME or Assisted Units:                  #DIV/0!       Total HOME Requested divided by Total Project Cost multiplied by Total
                                                       Number of Units.

221(d)(3) Limit Calculation:             #DIV/0!           #DIV/0!        (Rounded Up)


Estimated Assisted Unit Distribution:


                                         Total        Estimated
                                    AffordableUnits Assisted Units
                       SRO                 0           #DIV/0!
                       EFF                 0           #DIV/0!
                       1 BR                           #VALUE!
                       2 BR                           #VALUE!
                       3 BR                0           #DIV/0!
                      4+ BR                0           #DIV/0!
                      TOTAL                            #DIV/0!


Applicability of High and Low HOME Rents - Estimate

        Total Number of HOME or Assisted Units             #DIV/0!        From b(2) above.


                 Low HOME Rents - Applicable?              #DIV/0!        If HOME-Assisted Units equal 5 or more, Low HOME Rents apply.



                                                                              Low HOME            High HOME           Low HOME           High HOME
                                        Total Units    Assisted Units            Units               Units              Rents               Rents
                        SRO                 0             #DIV/0!               #DIV/0!             #DIV/0!       $              -   $               -
                        EFF                 0             #DIV/0!               #DIV/0!             #DIV/0!       $              -   $               -
                        1 BR                             #VALUE!                #DIV/0!            #VALUE!        $              -   $               -
                        2 BR                             #VALUE!                #DIV/0!            #VALUE!        $              -   $               -
                        3 BR                0             #DIV/0!               #DIV/0!             #DIV/0!       $              -   $               -
                       4+ BR                0             #DIV/0!               #DIV/0!             #DIV/0!       $              -   $               -




                                                                     HDAP - Page 2
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


k. housing development assistance program (HDAP)
                                                        APPLICABLE WAGE RATES

Federal Wage Rates

       HOME or Assisted Units =           #DIV/0!

If the HOME-Assisted Units are 12 or more AND/OR the project has received CDBG funds and has eight or more units,
then Federal Davis-Bacon Wage Rates must be paid by the project.

Were Davis-Bacon Wage Rates used to estimate construction costs for the project?

                                    Yes                                  No



State Prevailing Wage Rates

Applicant / majority owner is a for-profit                               Yes                                 No

* If Yes, does the project contain 5 or more units (total affordable units, not assisted units)?

                                    Yes                                  No                                  Not Applicable

If the applicant/majority owner is a for-profit and is proposing to construct 5 or more units, State of Ohio Prevailing
Wage Rates must be paid by the project.

Were State of Ohio Prevailing Wage Rates used to estimate construction costs for the project?

                                    Yes                                  No


Applicant/majority owner is a not-for-profit                             Yes                                 No

* If Yes, does the project contain more than 24 units (total units, not assisted units)?

                                    Yes                                  No                                  Not Applicable

* If there are 25 or more units, are 12% or more of project sources federal sources?

                                    Yes                                  No                                  Not Applicable
                                                                                                                                        No

If the applicant/majority owner is a not-for-profit, is proposing to construct more than 24 units AND less than 12% of the
project's financing sources are from the federal government, State of Ohio Prevailing Wage Rates must be paid by the project.

Were State of Ohio Prevailing Wage Rates used to estimate construction costs for the project?                                           No

                                    Yes                                  No



                                                        ACQUISITION/RELOCATION

Does the project involve the acquisition of existing buildings?                                              Yes

                  If yes, include evidence of Acquisition/Relocation Documentation.



Does the Project Involve the Temporary or Permanent Relocation of Residents?                                 Yes

If yes, include a Relocation Plan, including a detailed budget, describing how relocation will be achieved and how much it will cost.




                                                                     HDAP - Page 3
                                     Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


      k. housing development assistance program (HDAP)
                                                      HDAP FINANCING AWARD INFORMATION

                    Name of Recipient:
                                Address
               City, State and Zip Code
                                Phone #                                         Email Address

        Status of Recipient Organization                      Not For Profit                       For Profit
                         (Please refer to the program guidelines for the definition of "eligible applicant")

           FTIN of the above Recipient:

                         (Note: Funds cannot be encumbered without an FTIN)

     Authorized Signer            Name:                                                                         Title:




                                                             CHDO SET - ASIDE ELIGIBILITY

a.     Is the applicant a State-Designated Community Housing Development Organization (CHDO) and eligible for the HOME CHDO Set-Aside?

                                           Yes                                  No

b.     Is the applicant willing to be awarded funds under the CHDO Set-Aside requirements?

                                           Yes                                  No

       NOTE: OHFA reserves the right to award HOME funds to CHDOs to meet the Agency's set-aside requirements, if necessary.



                                     NEW CONSTRUCTION - SITE AND NEIGHBORHOOD STANDARDS

       For all proposed new construction projects, OHFA guidelines require that new construction rental developments meet a set of site and
       neighborhood standards. To evidence that the proposed project meets those standards, all projects proposing all or some new construction
       units must answer the following:

       SITE: Is the site of adequate size to accommodate the number of units proposed? Is the site adequately served by infrastructure?
                       Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

       CONCENTRATION: Will the project unduly concentrate minority or low-income residents?
                    How will the project promote greater housing choice?
                 Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

       NEIGHBORHOOD CONDITIONS: Is the project located in an area of declining housing stock or high crime?
       If yes, are there concerted efforts to remedy these conditions and if so, what are those remedies?
                        Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

       LOCATION: Is the project accessible to social, recreational, educational, commercial and health services and facilities and other
         community services? Is the project located in an area that would require undue cost or time in traveling to places of employment?
                    Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

       3.1 Discuss any theyour organization's history, including its accomplishments with includingto past projects,funds are in theservices a
       2.1 Briefly describe following items in proposed is being provided to including demographics and these programs and form of
       Please discuss neighborhood that the detail:
       4.1 Describe the pre-development assistance that project would serve, the project, respect whetherother relevant socio-economic




                                                                            HDAP - Page 4
                                     Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                      l. housing development loan program
                                                                    THRESHOLD REVIEW

  The following items represent the minimum requirements for this program. Applications with inaccurate, incomplete, or missing information will
  not move through the approval process until all required information is provided. OHFA cannot guarantee a Board approval date. The staff will
  strictly adhere to the policies established in the Housing Development Loan Program Guidelines. It is strongly recommended that applicants
  review the guidelines to avoid delays in processing their request.
  OHFA reserves the right to request any additional information it deems necessary to evaluate funding requests.

INCLUDED:

                          Completed 2008 AHFA
                          - Transmittal Page
                          - Sections A, B, C, D and G along with all required supporting documentation as noted in the Qualified Allocation Plan (QAP).

FINANCIAL:

                          If applying for an Equity Bridge Loan, a letter from the equity provider stating they have read, understood, and will abide by
                          the Housing Development Loan Program Guidelines, and providing a detail of the form and substance of the
                          collateral to be provided .

                          If applying for a Construction Deposit Loan, a letter from the construction Lender which states: (1) the dollar amount
                          of the CD, AND (2) the benefit of the 0% CD in terms of how it affects the construction loan interest rate OR the benefit
                          of a Market Rate CD in terms of an income stream.

                          Equity commitment letter(s) detailing the benefit both with and without the Equity Bridge Loan net of bridge loan interest
                          (Direct Loan if collateral will be Qualified Investor Notes) .

                          Copies of all Credit Enhancement Financing, including but not limited to AHP, CDFF, Secondary Bridge Loan, and ELF. Applicant
                          must include firm or conditional commitment letters, or a letter from the organization providing the enhancement affirming that
                          (1) an application has been received, (2) the project meets the program requirements, and (3) when a funding decision will be made.

                          Developer and/or General Partner deferral commitment letters, if applicable.

                          Documentation provided for all additional income noted in the Proforma section of the AHFA (including rental assistance,
                          if applicable). This information must agree with the Proforma.

                          Sources and Uses of funds must be equal.

                          Permanent Financing cannot be less than the Construction Financing. If the Permanent Financing is greater than
                          the Construction Financing, an explanation must be provided detailing what costs are being included in the Permanent
                          Financing that are not covered in the Construction Financing and why.

PRESERVATION PROJECTS:

                          Evidence that clearly states that the Section 8 contract will expire within 24 months, or for RD projects, that the remaining
                          balance for rental assistance will be used within 24 months.

                          Letter from RD or HUD that clearly defines why the project is considered to be "at-risk." If the letter uses RD or HUD
                          definitions (such as "Class C"), the letter must clearly define what the definitions mean.

OCCUPIED AND/OR REHABILITATION PROPERTIES:

                          For projects that are currently occupied, (1) a current rent roster, (2) a current rent schedule, and (3) a statement describing
                          the vacancy rate over the past three years.

                          Rehabilitation projects must provide an "as-is" appraisal evidencing the value of the structure(s) prior to any rehabilitation work.
                          This must be provided within 30 days of an reservation of Housing Credits. The appraisal, with a cover letter stating the name
                          and tracking number of the project, must be sent to OHFA, to the attention of the Affordable Housing Programs Manager.




                                                                             HDLP - Page 1
                                     Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                      l. housing development loan program
GENERAL:

                          Letter from each entity with an ownership interest in the project stating they have read and will abide by the current Housing
                          Development Loan Program Guidelines.

                          Statement of Public Purpose.

                          Tax Information Authorization Disclosure for the applicant and for each entity that comprises the applicant.

                          For new construction properties, an appraisal evidencing the value of the land.

                          Uniform Relocation Act Statement or Plan AND Relocation Plan.

                          Form AFHM-98: Affirmative Fair Housing Marketing Plan (not applicable to Seed Money Loans).



SEED MONEY LOAN APPLICATIONS (in addition to the above):

                          Evidence of Federal Tax-Exempt Status [i.e. 501(c)(3) or 501(c)(4)]

                          Articles of Incorporation and Ohio Secretary of State documentation of status for the Non-Profit Organization

                          By-Laws of the Non-Profit Organization

NOTE:   It is expected that all supporting information provided in the application will support and/or confirm the information entered by the Applicant
        on the AHFA disk. If it does not, it will constitute a Threshold Deficiency.



Name of Borrower




Name of Applicant




                    SEED MONEY LOAN (SML) INFORMATION (non-profit organizations only - majority/controlling GP )

        Amount requested:                                                            (not to exceed $100,000)


        Please provide a breakdown of costs which would be covered by the Seed Money Loan:

        Total predevelopment costs:


                                                                                         amount paid
                              fees/costs                            total cost            with SML




                                                                                                         Total paid with SML cannot exceed
                                                      TOTAL: $                   -   $                 - $100,000 or the amount requested.




                                                                          HDLP - Page 2
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


              l. housing development loan program
Have the above fees and costs been paid?

                    Yes                                   No

If Yes, what sources of funds were used to pay these SML fees and costs?
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

The Requested Term of the Seed Money Loan is:                                                   months.             (not to exceed 12 months)

Budgeted Interest Rate:                      0.00%



Proposed Collateral For the Seed Money Loan:

                    Irrevocable Letter(s) of Credit                                             Qualified Corporate Guarantee
                    First Mortgage
                    Other:

Please give further details on the proposed collateral for the Seed Money Loan.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                            CONSTRUCTION DEPOSIT LOAN INFORMATION

Amount requested:                       $     1,000,000                      (not to exceed $1,000,000)

Term of the loan:                                         months.

Percent of the amount of the loan against the Total Residential Project Cost*:                                           #DIV/0!
* Net OHFA interest.

Type of Certificate of Deposit requested:                                    Zero-percent CD                                              Market Rate CD

Assumed Certificate of Deposit interest rate:                                Use imputed rate for zero-percent CD, actual rate for market-rate CD.
                                                                             Must supply statement from construction lender verifying rate.

Projected earnings from Certificate of Deposit:           $             -    Equals the expected earnings on the CD based on the requested principal,
                                                                             actual or imputed interest rate over the term of the loan.

Projected construction interest expense:
               (i)                       Including Construction Deposit Loan request:
              (ii)                      Excluding Construction Deposit Loan request:

                    One of these figures should equal the construction interest expense listed as a project cost on Page 24
                    (both amounts must be evidenced in the construction financing commitment letter).

Estimated Construction Loan Draw Information:

                    loan draw                                                       loan draw
     month          amount                                     month                 amount
      1                                                         13
      2                                                         14
      3                                                         15
      4                                                         16
      5                                                         17
      6                                                         18
      7                                                         19
      8                                                         20
      9                                                         21
      10                                                        22
      11                                                        23
      12                                                        24

The financial commitment letter from the construction lender (0% CD) or lender providing the CD (market rate CD)
MUST state the amount of the CD, and the benefit of that CD as defined in the HDLP Guidelines.

                                                                    HDLP - Page 3
                               Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


              l. housing development loan program
                                                  EQUITY BRIDGE LOAN INFORMATION

Amount requested:                        $     1,000,000                        (not to exceed $1,000,000)

Term of the loan:                                           months.

Budgeted interest rate:                        2.00%

Percent of the amount of the loan against the Total Net Equity*:                                                         #DIV/0!
* Use the definition of Total Net Equity provided on Page 34.

Percent of the amount of the loan against the Total Residential Project Cost*:                                           #DIV/0!
* Net OHFA interest.

What is the pledged amount of the limited partner equity contribution:

                     Including Equity Bridge request
                     Excluding Equity Bridge request                                               Must supply equity commitments for both scenarios.



Net Equity Pay-In Schedule:
                                             net equity
                                              amount
                    Up to P.I.S. Date:
                          End Year 1:
                          End Year 2:
                          End Year 3:
                          End Year 4:
                          End Year 5:
                          End Year 6:
                          End Year 7:
                          End Year 8:
                          End Year 9:
                        End Year 10:
Other:
Other:
                               Total:    $                - Should equal the Housing Credit Net Equity amount listed in the conditional
                                                            equity commitment letter.



         Name of Specific Equity Fund or Syndicator:

Type of Offering:

                    Public Offering                                             Self-Syndicated

                    Private Offering                                            No Syndication


Contact Person:               Name:
                            Phone #:                                   Fax #:

Identify the existing or proposed limited partners and their share of capital contributions in the fund:
                                                                                                                       percentage
name of limited partner                                                                                                  share




                                                                      HDLP - Page 4
                              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


               l. housing development loan program
Proposed Collateral For the Equity Bridge Loan:

                    Qualified Investor Notes                                   Qualified Corporate Guarantee

                    Qualifed Letters of Credit                                 Other:

Please give further details on the proposed EBL collateral.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                       DIRECT LOAN INFORMATION

Amount requested:                                                              (not to exceed $1,000,000)

Term of the loan:                                           months.

Proposed Use of Loan:

               Construction Period:                                                     Post-Construction Period:

Describe the proposed use of the Direct Loan:
                 Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

Budgeted interest rate:                       2.00%

Proposed Collateral For the Direct Loan:

                    Municipal Guarantee                                        Qualified Corporate Guarantee
                    Qualified Letters of Credit                                Other:

Please give further details on the proposed Direct Loan collateral.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                   LOAN GUARANTEE INFORMATION

Lending Agency

          Name:
        Address:
            City:
           State:
       Zip Code:
Federal Tax ID #:


               Contact Last Name:                                                             Contact First Name:
                     Contact Title:
                     Organization:
                     Telephone #:
                            Fax #:


                     Funding source to be guaranteed:

                Requested amount to be guaranteed:

                                    Percent of guarantee:

                          Term of guarantee (months):


Proposed collateral or security:

Source of collateral or security:


                                                                      HDLP - Page 5
                             Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


              l. housing development loan program
Please explain the project's need for a Loan Guarantee, and the public benefit
derived by receiving a Loan Guarantee.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.


Please state how the Loan Guarantee will be structured:
                 Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                        OCCUPIED PROPERTIES

How many units are currently vacant?

If rents increase, please describe what impact the rent increase will have on existing tenants and what assistance,
if any, will be provided to those tenants.
                    Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                   PROJECT COST CALCULATIONS

Total Development Cost per Unit:           #DIV/0!       Total Project Costs (less land, commercial hard construction, compliance
                                                         monitoring fee, operating reserves, replacement reserves, & residential
                                                         historic rehabilitation tax credit amount) divided by total number of units.

Please refer to the 2008 Qualified Allocation Plan (Unit Cost Cap) to determine whether the project
meets the Guidelines.

If the construction financing for the project is less than the permanent financing, please provide a DETAILED explanation. Indicate which costs
evidenced in the 'Uses' section of the Proforma will not be addressed until the permanent financing phase.
                   Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                               ALTERNATE SOURCES OF FINANCING

Can this project proceed only "but for" the receipt of the Housing Development Loan?

                   Yes                                   No

Are there other alternative sources of financing with reasonable equivalent terms and conditions available for this project?

                   Yes                                   No

If Yes to question above, describe these alternate sources of funding below.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

If No to question above, explain what alternative sources of financing were considered and why it was determined that such sources
were not available for the project.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.




                                                                   HDLP - Page 6
                            Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


              l. housing development loan program
                                           ACQUISITION & REHABILITATION PROJECTS

Are any members of the original ownership structure (general partners or limited partners) remaining in the new ownership structure?

                                     Yes                                   No                                  Not Applicable

If Yes, please explain which members will be remaining in the ownership structure, and describe why the rehabilitation is required
through no fault of the such owners.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

Will there be a change in the management company for this project?

                                     Yes                                   No                                  Not Applicable

If No, please explain why the rehabilitation is required through no fault of the present management company.
                  Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                              HOUSING DEVELOPMENT LOAN PROGRAM APPLICATION FEE

Application Fee:

                   The fee schedule for the Housing Development Loan Program is as follows:



                                     Seed Money Loan:                             $300

                                     Construction Deposit Loan:                   $600

                                     Equity Bridge Loan:                          $600

                                     Direct Loan:                                 $600

                                     Loan Guarantee:                              $600



          NOTE: Projects seeking Housing Credits will be required to submit HDLP application fees after a reservation
                of credit is received. Do not include these fees with the initial application submission.

                   DO NOT REMIT PAYMENT UNTIL AN INVOICE HAS BEEN RECEIVED.




                                                                  HDLP - Page 7
                                       Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                      m. multifamily bond program
NOTE: Only projects that wish to have the OHFA issue tax-exempt bonds must complete this section.
Projects that are using tax-exempt bond financing issued by another entity do not have to complete this section.


APPLICATION TYPE                                                      TYPE OF BONDS

                               New Issue                                                    Bonds Issued pursuant to Private Activity Volume Cap
                               Refunder                                                     501(c)(3) Bonds
                               Supplemental Issue                                           Other (Taxable)


         Is the applicant also seeking an allocation of Housing Credits?

                               Yes                                    No



                                                    TAX-EXEMPT BOND FINANCING INFORMATION


                                                    Aggregate Basis
                                     Amount            plus Land         Interest Rate            Term
               Series A                                 #DIV/0!
               Series B                                 #DIV/0!
               Series C                                 #DIV/0!
                Other                                   #DIV/0!



         For Acquisition projects only:

          Value of Building:                                       Loan to Value Ratio:          #DIV/0!

                    Source:



                                                    ADDITIONAL DEVELOPMENT TEAM MEMBERS

         In addition to the development team members listed previously, please provide the following:

                                                                             name                                  phone #             fax #
                                 Bond Counsel:
                            Investment Banker:
                              Mortgage Banker:
                                      Guarantor:
                                 Paying Agent:
                             Mortgage Servicer:
                                 Trustee Bank:
                              Owner's Counsel:
                             Trustee's Counsel:
                          Underwriter's Counsel:
                                          Other:




                                                                            MFBP - Page 1
                                   Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                   m. multifamily bond program
CONTROLLING OWNER/MANAGING MEMBER PREVIOUS EXPERIENCE WITH TAX-EXEMPT BOND PROJECTS

      For project status please ONLY list: PIS (placed-in-service); W (withdrawn); R (revoked);
      or UC (under construction). Please include both Ohio and out-of state projects.

                    project name                issuer & state        issue date                  bond amount             status   # of units




                                                              CREDIT ENHANCEMENT

             Type
                                              FHA
                                              Private Placement
                                              Letter of Credit
                                              Other:

 Term of Enhancement:                         years.

      Briefly describe the enhancement below:
                              Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.




                                                                        MFBP - Page 2
                               Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                             m. multifamily bond program
                                                    PROJECT BENEFITS NARRATIVE

  Please describe below: A. the benefits that the future and/or current residents and the community will receive;
  and B. the costs savings and any financial benefits that the owner of the project will receive resulting from
  the tax-exempt bond transaction. Be specific.

  This narrative is necessary for all requests to the OHFA Board for authorization of issuance.
                         Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                     RECEIPTS & DISBURSEMENTS

                                               Series A            Series B             taxable             other
                                                bonds               bonds                bonds              funds                TOTAL
   Receipts: (Account for all receipts
          Principal Amount of Bonds:                                                                                         $           -
        Less: Original Issue Discount:                                                                                       $           -
               Plus: Accrued Interest:                                                                                       $           -
             Net Receipts on Bonds: $                      -   $                -   $              -   $               -     $           -
         Plus: Mortgage Payment(s):                                                                                          $           -
         Plus: Debt Service Reserve:                                                                                         $           -
           Plus: Bond Fund Balance:                                                                                          $           -
                          Plus: Other:                                                                                       $           -
                          Plus: Other:                                                                                       $           -

       TOTAL RECEIPTS (equal TPC): $                       -   $                -   $              -   $               -     $           -

                      Disbursements:
        Accrued Interest to Bond Fund:                                                                                       $           -
          Debt Service Reserve Fund:                                                                                         $           -
         Cash Deposit to Escrow Fund:                                                                                        $           -
              Project Repairs Escrow:                                                                                        $           -
                   *Costs of Issuance:                                                                                       $           -
                Deposit to Bond Fund:                                                                                        $           -
                                Other:                                                                                       $           -
                                Other:                                                                                       $           -
                                Other:                                                                                       $           -

TOTAL DISBURSEMENTS (equal TPC): $                         -   $                -   $              -   $               -     $           -

  * This percentage can be no higher than 2% of tax-exempt bond proceeds. Any amount over 2% must be noted from
  another source above.

  Note: In lieu of submitting the above, OHFA permits the investment banker to submit legible copies (in their own format)
  of the sources and uses of all of the following: revenue; bond number series; fees; or other contributions.
  Updates will be required by the Agency periodically.




                                                                    MFBP - Page 3
                                Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                               m. multifamily bond program
                                                    COST OF ISSUANCE BREAKDOWN

                                              % of Tax-Exempt
                                                   Bonds         Series A Bonds       Series B Bonds      Taxable Bonds           Other Funds           TOTAL
               Investment Banker's Fee:            #DIV/0!                                                                                          $           -
          Other Related Issuance Costs:
      Issuer's application fee & expenses:                                                                                                          $           -
         Investment banker's counsel fee:                                                                                                           $           -
         Issuer's counsel fee & expenses:                                                                                                           $           -
           Bond Counsel fee & expenses:                                                                                                             $           -
        Lender's Counsel fee & expenses:                                                                                                            $           -
                           Special Counsel:                                                                                                         $           -
                               Trustee's fee:                                                                                                       $           -
           Trustee's counsel & expenses:                                                                                                            $           -
                           Other expenses:                                                                                                          $           -
                           Other expenses:                                                                                                          $           -
                           Other expenses:                                                                                                          $           -
                           Other expenses:                                                                                                          $           -
             Printing, etc. blank securities                                                                                                        $           -
                     & offering documents:                                                                                                          $           -
                             Clearance fee:        #DIV/0!                                                                                          $           -
                               MSRB/PSA:           #DIV/0!                                                                                          $           -
                                  CUSPID:          #DIV/0!                                                                                          $           -
              Miscellaneous contingency:                                                                                                            $           -
Other Related Issuance Costs Subtotal:             #DIV/0!      $                 -   $              -   $                -   $                 -   $           -
                                    TOTAL:         #DIV/0!      $                 -   $              -   $                -   $                 -   $           -

    * This percentage can be no higher than 2% of tax-exempt bond proceeds. Any amount over 2% must be noted from
    another source above.

    Note: In lieu of submitting the above, OHFA permits the investment banker to submit their own analysis format
    detailing all costs of issuance.



                                                     MINIMUM SET - ASIDE ELECTION

    Please mark an "x" in one box below:

                       At least 20% of the rental residential units in this development are to be occupied
                       by individuals whose income is 50% or less of area median income.

                       At least 40% of the rental residential units in this development are to be occupied
                       by individuals whose income is 60% or less of area median income.


    Complete the following if applying for Housing Credits in addition to Tax-Exempt Bond financing:

                     Applicable Fraction:        #DIV/0!                              Lesser of Low-Income Unit Fraction or Low-Income Floor Space Fraction.



                                                                APPLICATION FEE

                         Application Fee:        $2,000

                                 Please make checks or money orders payable to: Ohio Housing Finance Agency
                                 Also, please write the project name on the check.




                                                                     MFBP - Page 4
                                   Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                                 m. multifamily bond program
                                      TAX-EXEMPT BOND APPLICATION SUBMISSION CHECKLIST
     To apply for Preliminary Approval for Tax-Exempt Bond Financing, in addition to completing Sections A, B, C, D, and H of the
     applicable year's OHFA Affordable Housing Funding Application, please submit the exhibits and attachments as follows :


                         Completed AHFA

                         Application Fee


                         Proper Evidence of Site Control*

                         Permissive Zoning Letter and/or Descriptive Zoning Map*

                         Local Official Notification Letters*: Pursuant to ORC 175

                         OHFA Form AFHM-98 - Affirmative Fair Housing Marketing Plan & Attachments*

                         Non-OHFA Construction & Permanent Sources Conditional Commitment Letters (Loan, Grant, & Equity)*

                         Preliminary Plans & Specifications*

                         Location Map & Pictures*

                         Resumes for All Development Team Members

                         Letter of Intent from Guarantor or Private Placement Entity

                         Inducement and Indemnity Agreement Letter

                         Market Study*

                         Prevailing Wage Statement

                         Source for Building Value and Loan-to-Value Ratio

                         Audited Financial Statements for the General Partners for the past three consecutive years
     * It is not necessary to submit another copy of these items if the applicant is also applying for Housing Credits.

b.   For Acquisition/Rehabilitation projects, these additional items need to be submitted:

                         Audited Project Cash Flows for the past three consecutive years

                         Rent Rolls to Document Current Occupancy

c.   For projects requesting Housing Credits, these additional items need to be submitted:

                         Utility Allowance Information



d.   When applying for Final Approval, please submit any pages of the applicable year's AHFA which have information that has changed
     from the initial application, and the exhibits and attachments as follows :

                         Narrative Describing Changes from Initial Application
                         Relocation Plan, Management Plan & Contract, and Lease Agreement
                         As Improved Appraisal
                         Evidence of Credit Enhancement or Private Placement Commitment
                         Final Drawings and Specifications; Rehabilitation Scopes of Work/Detail
                         Construction Contract
                         Legal Opinion(s)
                         Underwriter's Debt Service Schedule




                                                                         MFBP - Page 5
                                                      K. 2005 Program Forms


              Ohio Housing Finance Agency ARRA Revised Affordable Housing Funding Application


                     o. 2008 program forms
OHFA FORM 001 - Contractor and Architect Certification

OHFA FORM 001A - Reconsideration of Visitability Requirements

OHFA FORM 001B - Reconsideration of Universal Design Requirements

OHFA FORM 002 - Market Study Checklist

OHFA FORM 003 - Market Study Certification

OHFA FORM 004 - Certification of Consistency with Local Consolidated Plan or CHIS

OHFA FORM AFHM-98: - Affirmative Fair Housing Marketing Plan

HUD FORM 424: - Application for Federal Assistance

Link for all forms below:

Sample 1: Inducement and Indemnity Agreement Letter (MFBP)

Instructions: Acquisition, Relocation and Demolition Section (HDAP Financing)

Attachment 1: Questionnaire on Acquisition, Relocation and Demolition (HDAP Financing)

Attachment 2: Real Property Acquisition and Relocation Certifications (HDAP Financing)

Attachment 3: Sample Voluntary Acquisition Form - Third Party (HDAP Financing)

Attachment 4: Tax Information Disclosure Authorization (HDAP Financing)
                                                            Extra Space for
                                     Owner's Previous Experience with Affordable Housing Programs




    Name of Owner:
Parent Organization:




                                                     Name of GP &        Housing Credit           HDAP
Project Name           Tracking #   # of Units        Parent Org.         Date/Status           Date/Status   Other Programs Name/Date/Status
                                             Extra Space for
                            Previous Experience with Tax-Exempt Bond Projects




project name   issuer & state       issue date         bond amount              status   # of units
                                               Other Experience with Affordable Housing Programs




Other Experience with Affordable Housing Programs


         Name of Owner:
     Parent Organization:


                                                           Name of GP         Housing Credit         HDAP         Other Programs
Project Name                Tracking #   # of Units       & Parent Org.        Date/Status         Date/Status   Name/Date/Status
                                                 Additional Owner Certification




IN WITNESS WHEREOF, the undersigned has caused this document to be duly executed in its name on

                              this                    day of




                                                  Legal Name of Actual or Proposed Ownership Entity




     BY:
               Authorized Signature



               Print Name



               Title



               Organization




   STATE OF                                       :
                                                  :             ss:
  COUNTY OF                                       :

BEFORE ME, a Notary Public in and for said County and State, personally appeared the above-named

_________________________________________________________________________________________________

_________________________________________________________________________________________________,

who acknowledges that he/she did sign the foregoing instrument on behalf of __________________________________,

and that the same is the free act and deed of the _________________________________________________________

and his/her free act and deed individually and as such _____________________________________________________.

IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at

__________________________, _________________, this ______________ day of ______________________, 2008.

				
DOCUMENT INFO
Description: Proforma of Financial Statements as per Schedule 6 document sample