Hayden House - Housing Think

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					                                                           2011

                                                Release Date August 24, 2010
                                                                                             Project Proforma
                       Transmittal Page                   Project Information                  Standard and
Instructions
                                                                                               Basis Adjust


                                             OHFA
                                                                                Housing Credit
     Public Notification                    Program
                                                                                  Program
                                          Certification


                          Housing
                                                           Multifamily Bond
                      Development Loan                                                       Program Forms
                                                               Program
                          Program
             Project Proforma          Operating Budget
               Standard and            Worksheet - new
               Basis Adjust



Housing Credit
                                HDAP
  Program




             Program Forms




                                                          VOLUMN 1 POSTED TO THE WEBSITE 8/24/10
WEBSITE 8/24/10
                                                                                                                               Hayden House x


         INSTRUCTIONS AND DOCUMENT/NARRATIVE REQUIREMENTS
  Submission Guidelines and General Instructions for the
  2011 Affordable Housing Finance Application
  Applicants should use this 2011 Affordable Housing Funding Application to apply for Housing Credits,
  Housing Development Assistance Program (HDAP), Housing Development Loans (HDL), and the Multifamily
  Bond Program (MFBP)

  Applicants must provide all information to OHFA in electronic format on a CD or DVD.
  The only paper documents that will be accepted are those that require an original signature.
  They are noted in the chart below in red.

  All applicants must submit the following:
  All documents in their required electronic formats on a CD or DVD in a standard sized CD case, with the project name
  written on the disk. (Please do not use stickers on the disks as this may cause the disk to lodge in the drive.) A list of
  required documents follows these instructions.

  A standard size pocket folder with the documents that require original signatures. All documents must be on white
  standard sized (8.5x11) paper. Please do not bind, staple or hole punch any of this documentation.

  A standard size report folder with documents for OHFA’s site visit:
       - Two contacts, their cell phone numbers, a list of the members of the development team and CHDO status;
       - A copy of the narrative description of the project;
       - One MapQuest-type map showing the location and address or crossroads
       - A site plan and all building elevations

  A check or money order made payable to the Ohio Housing Finance Agency.
       - Indicate the project name somewhere on the check or money order.

  Hand deliver, courier or mail to
  Ohio Housing Finance Agency
  Office of Planning, Preservation & Development
  57 East Main Street
  Columbus, OH 43215

  Completed proposals are due by Thursday October 14, 2010
  and must be received in the OHFA office by 4PM that day.




   Instructions on using this AHFA

   All information should be entered into the blue and red outlined cells. Enter words or numbers into the BLUE
   outlined cells. RED outlined cells are restricted to the dropdown menu attached to the cell. The GREEN
   outlined cells contain the spreadsheet formulas; they are locked.

   DO NOT ATTEMPT TO BYPASS THE PROTECTIONS ON THESE SHEETS! This year,
   the data you supply will be read directly into our new project tracking system. If this
   AHFA is altered in any way, the program will reject it - and then we will reject your
   AHFA! Each project requires a new AHFA to be downloaded from the website. Do not
   copy AHFAs! Cutting and pasting data will alter the formats and will cause your
   application to be rejected.
   Reference Documents

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

   Housing Credit: 2011 Housing Credit Qualified Allocation Plan (QAP)

   HDAP: Housing Development Assistance Program Guidelines

   HDLP: Housing Development Loan Program Guidelines - March 2009

   MFBP: Multifamily Bond Program Guidelines

   These documents can be found on the OHFA website at www.ohiohome.org

   If you have any questions regarding the above programs, you may contact the Office of Planning,
   Preservation & Development at (614) 466-0400 or through our web site at www.ohiohome.org.




Page 4 of 60
        2011 QAP                Items in light blue are to be submitted at the proposal stage. The other documents will be due at
CHECK
          Page       DOC #       a later date. Make sure you follow the file naming conventions for each document or document
 OFF
        Reference                                                              group.
                                Document/Narrative                          Format(s)                                  File Name
                              1 2011 AHFA                                   EXCEL file                                 01 2011AHFA (insert project name).xls
                                                                            PDF of copy of check and actual check with
               27             2 Application Fee                             Project Name in Originals Folder           02 appfee.pdf
                                Program Certifications (in this
                              4 AHFA)                                       PDF, Original Signed Copy                 04 programcert.pdf
           27-28              5 Evidence of Site Control                PDF                                           05 site.pdf
                                         Executed Option(s), Purchase
                                                 Contract(s), Leases(s)
                                                       Property Deed(s)
                                                  Other Documentation
           28-29              6 Zoning Documentation                        PDF                                       06 zoning.pdf
                                                     Local Zoning Letter
                                                 Other Documentation
                                Affirmative Fair Housing Marketing
                                Plan & Attachments (available on
               39             7 OHFA website)                        PDF                                              07 AFHM.pdf




           38-39              8 Conditional Financial Commitments PDF                                                 08 condfincommit.pdf
               39             9 Utility Allowance Information               PDF                                       09 utility.pdf
                                Certification of Conformity with
                                Local Consolidated Plan/CHIS
           39-40             10 (OHFA Form 004)                             PDF                                       10 conformplan.pdf
               42            11 Required Public Notifications               PDF                                       11 pubnotice.pdf
                                OPTIONAL drawings/info in
                                support of the "Distinctive"
                             12 Narrative in the Project
                                Information Section of this AHFA
                                                                                                                      12 distinctive.pdf
                                Architectural Plans and
               32            13 Specifications                              PDF                                       13 architectural.pdf
                                                     Typical Unit Plan(s)
                                                    Building Elevation(s)
                                                                Site Plan
                                                    Schematic Site Plan
                                                       Topography Map
                                                      Aerial Photograph
                                        Scope of Work for Rehabilitation
         32 (15-h)           14 Project History Narrative                   PDF                                       14 projhistory.pdf
               35            15 Approved Waiver Requests                    PDF                                       15 appwaiver.pdf
                                2011 Development Features
                                Agreement (available on OHFA
               41            16 website)                                    PDF, Original Signed Copy                 16 devfeatures.pdf
                                Contents of Site Visit Folder (see
                             17 above)                                      PDF                                       17 sitevisitfolder.pdf
                                Universal Design Narrative and
          41, 80             18 accompanying documentation                  PDF                                       18 UD.pdf
                                Development Team Resumes and
               17            19 Experience                                  PDF                                       19 devteam.pdf
               32            20 Mini-Phase I                                PDF                                       20 miniphase.pdf
               32            21 Environmental Review                        PDF                                       21 ER.pdf
               35            22 Market Study                                PDF                                       22 markstudy.pdf
                                                            Market Study
                                    Market Study Checklist (OHFA form
                                                                    002)
                                  Market Study Certification (OHFA form
                                                                    003)
                                               Public Housing Authority
                                                  Notification/Concerns
               42            23 Capital Needs Assessment                                                              23 capneeds.pdf

               16            24 Competitive Evaluation Narrative            PDF                                       24 competitive.pdf
                                                      Policy Statements
                                             Project Design & Amenities
                                                       Project Amenities
                                                 Site Location & Quality
                                                    Development Team
                                                      Market Criteria
                                Non-Profit Organization
                             25 Documentation                         PDF                                             25 nonprofdocs.pdf

                                  IRS Letter of Determination of Status
                                  Articles of Incorporation & By-Laws of
                                                           the Non-Profit




Page 5 of 60
                          Ohio Secretary of State Documentation
                         Target Pool Eligibility
                      26 Documentation                          PDF                                      26 targetpool.pdf
         31 (11-14)   27 Supportive Service Plan                  PDF                                    27 supportserv.pdf
          31 (13)     28 Lease-Purchase Strategy                  PDF                                    28 LP.pdf
                         Documentation for Historic
                      29 Buildings                                PDF                                    29 historic.pdf

               16     30 Green Communities Documentation PDF                                             30 green.pdf
                         Documentation of Community
               25     31 Revitalization Plan             PDF                                             31 revitalization.pdf
                                  Community Revitalization Plan
                                  Narrative of Revitalization Plan
                                               Evaluation Criteria
                         Documentation of Leveraging
                      32 Federal Resources                         PDF                                   32 leveraging.pdf


                         HDAP Gap Financing
                         Documentation                            if you are applying for HDAP funding
                      34 Audited Financial Statements             PDF                                    34 audfinstate.pdf
                      35 Organizational Charts                    PDF                                    35 orgchart.pdf
                      36 Qualified Cost Estimate                  PDF                                    36 costest.pdf
                         Evidence of Attempt to Secure
                      37 Local Funding                            PDF                                    37 locfund.pdf
                      38 Letters of Local Support                 PDF                                    38 locsupport.pdf
                      39 Non-Profit Board Resolution              PDF                                    39 nonprofres.pdf
                         Uniform Relocation Act Forms and
                      40 Documentation                            PDF                                    40 relocation.pdf
                         Evidence of Submission to Local
                      41 Clearinghouse                            PDF                                    41 clearinghouse.pdf
                      42 Lead-Based Paint Plan                    PDF                                    42 lead.pdf
                         Homeownership Counseling
                      43 Documentation                            PDF                                    43 counseling.pdf

                         Housing Development Loan
                         Program Specific Documentation           if you are applying for HDLP funding
                      44 Statement of Public Purpose              PDF                                    44 pubpurpose.pdf
                      45 Fair Market Rent Schedule                PDF                                    45 fairmarketrent.pdf
                         Current Rent Roster (for occupied
                      46 properties)                              PDF                                    46 rentroster.pdf
                         Tax Information Authorization
                      47 Disclosure(s)                            PDF                                    47 taxauth.pdf
                         Multifamily Bond Program Specific
                         Documentation                            if you are applying for MFBP funding

                         Letter of Intent from Guarantor or
                      48 Private Placement Entity                 PDF                                    48 letterofintent.pdf
                         Inducement and Indemnity
                      49 Agreement Letter                         PDF                                    49 inducement.pdf
                         ANSI Standards Letter from
                      50 Architect                                PDF                                    50 ANSI.pdf
                      51 Prevailing Wage Statement                PDF                                    51 prevailing.pdf
                         Source for Building Value & LTV
                      52 Ratio                                    PDF                                    52 LTV.pdf
                      53 Audited Financial Statements             PDF                                    53 Audfinstate.pdf
                      54 Audited Project Cash Flows               PDF                                    54 cashflow.pdf
                      55 Rent Rolls                               PDF                                    55 rentrolls.pdf




Page 6 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                              Hayden House


                                                 Transmittal Page
       Project Tracking Number:                                                           (leave blank)


       Date Application Submitted:                                     10/14/10

       Applicant Information:

                          Project Name:             Hayden House                                          YES
                           Project Type:               FALSE                              NC              NO
                      City or Township: Springfield
                                County: Clark

                        Majority Owner: Hayden Senior Housing Corp.
                           Owner Type:                  FP
                        % of Ownership:               51.00%

                      Allocation Pool:                     General Pool


                Number of Total Units                            60

   Number of Special Needs Units:
                                    Senior                        60
 Persons w/ Mobility or Sensory Impairment
Persons w/ Severe/Persistent Mental Illness
      Persons w/ Developmental Disability
    Extremely Low Income (>= 35% AMGI)
              Formerly Homeless Persons

          Scattered Site Development?                             No

       Funding Requested:

               Housing Credit Program (annual): $                             896,007
        Housing Development Assistance Program $                            1,500,000

               Housing Development Loan Program:
                                Seed Money Loan:            $                         -
                        Construction Deposit Loan:          $                         -
                               Equity Bridge Loan:          $                         -
                                      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:            Yes                                         Yes
                    Request for Additional Funding:
                               Revised Application:

       Application Fees:
                                                                  HC          MFBP             HDAP
                                    Amount Enclosed:            $2,000




Page 7 of 60                                                                                                              Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                               Hayden House


                                                Transmittal Page
       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) :




Page 8 of 60                                                                                                               Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                                   Hayden House


                                                            Project Information
                                                                            PROJECT INFORMATION

                      Name:        Hayden House
         Address (be specific) :   W High St, Plum St, and Lowry Avenue
           City or Township:       Springfield                         (Enter the political jurisdiction where the project is located)
                   Zip Code:       45505
                     County:       Clark
                 Submarket:                                                    (if applicable)
            Census Tract(s):       9.01
                                   enter one census tract per cell
            Located in a Qualified Census Tract?                     Yes       Yes/No
                  Lease-purchase development?                        No        Yes/No
                                  Scattered Site?                    No        Yes/No                                                               See 2011 QAP for details.

         Briefly describe the project and its location(s), date of original construction (if applicable), project design, project amenities
         (including security systems and strategies), target population, development team members, financing, and project timeline.
            Hayden House involves the new construction of 60 multifamily units in Springfield, Clark County, Ohio. The property will


         Describe facets of this project that make it distinctive. The purpose of this section is to give the reviewer a fuller picture of the project that may not be
         conveyed elsewhere in this application. Be thorough, but succinct. Do not duplicate the information contained in the Competitive Evaluation Narrative.
         In addition, you may also submit any supporting drawings or details in (Optional) Document 12 (see document list on the instruction page.)


         Hayden House is being developed as part of an larger comprehensive community development plan developed by the City of

         If any units (identified in this AHFA or anticipated to be included in this development) have been funded previously by any
         OHFA or ODOD program, describe the funding source(s) and the dates and amounts they received.
                          Type your response here. It can be as long as necessary. Ignore the cell boundaries as you type.

                                                                           OWNERSHIP INFORMATION

       Name Of LLC or LLP:         Hayden Senior Housing Limited Partnership
                       c/o:        David Cooper, Jr.
                  Address:         229 Huber Village Blvd, Suite 100
                      City:        Westerville
                     State:        OH
                 Zip Code:         43221




                                     Type of Entity: Limited Partnership                                 Limited Partner Percentage of Ownership:             99.90%
                                   Federal Tax ID #:

                                    Contact Person             Last Name:      Cooper, Jr.                                        First Name: David
                                                                     Title:    General Counsel                                     Salutation: Mr.
                                                              Organization:    The Woda Group, LLC
                                                              Telephone #:     (614) 396-3200  (ext) 206                          E-mail: dcooper@wodagroup.com
                                                                    Fax #:     (614) 396-3243                           Web Page Address: www.wodagroup.com
         The Contact Person must be able to answer all questions concerning this application.

                                 Authorized Signer             Last Name:      Cooper, Jr.                                        First Name: David
                                                                     Title:    General Counsel                                     Salutation: Mr.
                                                              Organization:    The Woda Group, LLC
                                                              Telephone #:     (614) 396-3200  (ext) 206                          E-mail: dcooper@wodagroup.com
                                                                    Fax #:     (614) 396-3243                           Web Page Address: www.wodagroup.com

         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:       Community Action Commission of Fayette County                        Last Name:         Baughn
                   Address:        1400 US 22 NW                                                        First Name:        Lucinda
                        City:      Washington Court House                                                      Title:      Executive Director
                       State:      Ohio                                                                Telephone #:        (740) 335-7282     (ext)
                  Zip Code:        43160                                                                      Fax #:                 (740) 335-6802
        State Senate District:           17                                                                  E-mail:       bbaughn@cacfayettecounty.org
        State House District:            85                                                       Web Page Address:




Page 9 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                Hayden House


                                                        Project Information
                   Yes            501 (c) (3) Organization         PROJECT INFORMATION
                                  501 (c) (4) Organization
                   Yes            Exempt purposes include fostering of Low-Income Housing
                   Yes            Filed in accordance with ORC Section 1702
                                  Other:
                  TRUE

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

                   Yes            Yes/No

          How many years has this non-profit organization continually served the county in which the project is located?                        17


          What percentage of the general partner interest will be owned or controlled by this non-profit organization?                        51.00%


          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            Yes/No


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

                   Yes            Yes/No

          Secondary Non-Profit Organization                                                                          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 select 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



                                                   PARTICIPATING MEMBERS OF OWNERSHIP ENTITY

          Majority Owner Information

                      Name: Hayden Senior Housing Corp.                                              NP or FP?:            FP
         Parent Organization: Community Action Commission of Fayette County                          NP or FP?:            FP




Page 10 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                     Hayden House


                                                       Project Information
                   Address:     1400 US Highway 22 NW                 PROJECT INFORMATION
                       City:    Washington Court House                                    Contact Last Name:     Baughn
                      State:    OH                                                        Contact First Name:    Lucinda
                  Zip Code:     43160                                                           Contact Title:   Executive Director
               Parent FTI #:                                                                    Telephone #:     (740) 335-7282
          Web Page Address:     www.cacfayettecounty.org                                                Fax #:   (740) 335-6802
           % of Ownership:          51.00%                                                             E-mail:   bbaughn@cacfayettecounty.org

          Years of Experience Developing Affordable Housing:                                        17

          Number of Housing Credit Projects Placed-in-Service:                    In Ohio:          12
                                                                           In other states:          0

          Number of Other Affordable Housing Projects Placed-in-Service:                             1

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




          Please enter all applicable information in the spaces below for each project in which the owner (1) held at least 25% of the general partner interest
          and (2) was a material participant during the development of the project. All other projects in which the owner held an interest must be entered
          on the "Other Experience" (other_exp) tab in this application.

          Enter the date of approval or allocation of funding and status as follows: PIS (placed-in-service); UC (under construction); or W (withdrawn).
          OHFA programs include: Housing Credit; HDAP - Housing Development Assistance Program;
          HDLP (Housing Development Loan Program); and MFBP (Multifamily Bond Program).

                                                                          Name of GP           Housing Credit         HDAP                     Other Programs
Project Name                    Tracking #               # of Units      & Parent Org.            Date/Status       Date/Status               Name/Date/Status
Glennview Apartments            92-3057                     56          CACFC                 PIS                PIS                 CDBG
Woodsview Square                                            40          CACFC                 PIS                NA                  USDA 515
Fayette Inn                     95-0077                     17          CACFC                 PIS - 1996         PIS                 HUD Section 8 mod rehab
Summer Tree Terrace             99-0048                     24          CACFC                 PIS - 2001         PIS                 USDA 515
Ivy Glen                        00-0057                     60          CACFC                 PIS - 2003         PIS
Riverbirch Greene               02-0044                     60          CACFC                 PIS - 2004         PIS
Frankfort Place                 02-0046                     20          CACFC                 PIS - 2004         PIS                 HUD
Zachary's Crossing              03-0086                     40          CACFC                 PIS - 2005         PIS
Heritage Greene                 04-0080                     50          CACFC                 PIS - 2006         PIS
Beaumont Place                  05-0076                     12          CACFC                 PIS - 2007         PIS                 USDA 515
Linden Greene                   05-0076                     38          CACFC                 PIS - 2007         PIS
Grace Meadows                   06-0128                     40          CACFC                 PIS - 2006         PIS                 USDA 515
Ardmore Crossing                07-0096                     50          CACFC                 PIS - 2010         PIS
Washington Court Apartments                                 45          CACFC                 in development

If more space is needed, go to the "Extra Space" (extra_SP) tab in this application




          Second Owner Information                  (if applicable)

                      Name:     Hayden Senior Housing GP, LLC                                      NP or FP?:             FP
         Parent Organization:   The Woda Group, LLC                                                NP or FP?:             FP
                    Address:    229 Huber Village Blvd, Suite 100
                        City:   Westerville                                               Contact Last Name:     Cooper, Jr.
                       State:   Ohio                                                      Contact First Name:    David
                   Zip Code:    43081                                                           Contact Title:   General Counsel
                       FTI #:                                                                   Telephone #:     (614) 396-3200  (ext) 206
         Web Page Address:      www.wodagroup.com                                                       Fax #:   (614) 396-3243
           % of Ownership:          49.00%                                                             E-mail:   dcooper@wodagroup.com

          Years of Experience Developing Affordable Housing:                                         0           20

          Number of Housing Credit Projects Placed-in-Service:                    In Ohio:          75
                             (projects with at least 5 units)              In other states:         65

          Number of Other Affordable Housing Projects Placed-in-Service:                             2

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




Page 11 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                     Hayden House


                                                       Project Information
                                                                    PROJECT INFORMATION
          Please enter all applicable information in the spaces below for each project in which the owner (1) held at least 25% of the general partner interest
          and (2) was a material participant during the development of the project. All other projects in which the owner held an interest must be entered
          on the "Other Experience" (other_exp) tab in this application.

          Enter the date of approval or allocation of funding and status as follows: PIS (placed-in-service); UC (under construction); or W (withdrawn).
          OHFA programs include: Housing Credit; HDAP - Housing Development Assistance Program);
          HDLP (Housing Development Loan Program); and MFBP (Multifamily Bond Program).

                                                                           Name of GP          Housing Credit           HDAP                   Other Programs
Project Name                    Tracking #               # of Units       & Parent Org.          Date/Status         Date/Status              Name/Date/Status
Colonial Park                   00-0063                     48          Jeffrey J. Woda       11/4/02 PIS         11/4/02 PIS        N/A
Essex Place                     00-0062                     42          Jeffrey J. Woda       12/20/02 PIS        12/20/02 PIS       N/A
Essex Place North               01-0071                     10          Jeffrey J. Woda       4/25/03 PIS         4/25/03 PIS        N/A
Ivy Glen                        00-0057                     60          Jeffrey J. Woda       12/30/02 PIS        12/30/02 PIS       N/A
Nantucket Greene                00-0060                     40          Jeffrey J. Woda       2002 PIS            2002 PIS           N/A
Stoney Ridge                    01-0075                     28          Jeffrey J. Woda       11/28/03 PIS        11/28/03 PIS       N/A
Summer Tree Terrace             99-0048                     24          Jeffrey J. Woda       12/28/01 PIS        12/28/01 PIS       N/A
Victoria Place                  01-0070                     30          Jeffrey J. Woda       12/31/03 PIS        12/31/03 PIS       N/A
Wellington Place                00-0061                     34          Jeffrey J. Woda       12/4/02 PIS         12/4/02 PIS        N/A
Laurelhurst                     01-0072                     44          Jeffrey J. Woda       12/31/03 PIS        12/31/03 PIS       N/A
Jamestown Place                 01-0084                     24          Jeffrey J. Woda       12/31/03 PIS        12/31/03 PIS       N/A
Apple Glen                      96-0024                     40          Jeffrey J. Woda       11/4/98 PIS         11/4/98 PIS        N/A
Briarwood                       99-0045                     77          Jeffrey J. Woda       12/31/01 PIS        12/31/01 PIS       N/A
Clough Commons                  94-5096                     46          Jeffrey J. Woda       6/22/95 PIS         N/A                N/A

If more space is needed, go to the "Extra Space" (extra_SP) tab in this application




          Third 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




          Please enter all applicable information in the spaces below for each project in which the owner (1) held at least 25% of the general partner interest
          and (2) was a material participant during the development of the project. All other projects in which the owner held an interest must be entered
          on the "Other Experience" (other_exp) tab in this application.

          Enter the date of approval or allocation of funding and status as follows: PIS (placed-in-service); UC (under construction); or W (withdrawn).
          OHFA programs include: Housing Credit; HDAP - Housing Development Assistance Program);
          HDLP (Housing Development Loan Program); and MFBP (Multifamily Bond Program).

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




Page 12 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                               Hayden House


                                                       Project Information
                                                                    PROJECT INFORMATION




If more space is needed, go to the "Extra Space" (extra_SP) tab in this application




                                                             DEVELOPMENT TEAM INFORMATION

                                      Developer:  The Woda Group, LLC
                                        Address:  229 Huber Village Blvd, Suite 100
                                            City: Westerville
                                           State: OH
                                       Zip Code:  43081                             Contact Last Name:            Cooper, Jr.
                                                                                    Contact First Name:           David
     # of Residential Projects Placed-in-Service:       140                               Contact Title:          General Counsel
                                                                                          Telephone #:            (614) 396-3200  (ext)                       206
        # of Residential Units Placed-in-Service:                                4945             Fax #:          (614) 396-3200
                                                                                                 E-mail:          dcooper@wodagroup.com
                 # of Years Developing Housing:          20                         Web Page Address:             www.wodagroup.com


                            General Contractor:   Woda Construction, Inc.
                                       Address:   229 Huber Village Blvd, Suite 100
                                           City:  Westerville
                                          State:  OH
                                      Zip Code:   43081                             Contact Last Name:            Woda
                                                                                    Contact First Name:           Jeffrey
           # of Residential Projects Constructed:        140                              Contact Title:          President
                                                                                          Telephone #:            (614) 396-3200    (ext)                     202
              # of Residential Units Constructed:       4945                                      Fax #:                    (614) 396-3243
                                                                                                 E-mail:          jwoda@wodagroup.com
                # of Years Constructing Housing:          20                        Web Page Address:             www.wodagroup.com

                Project Types: single family homes, multifamily, senior


                                                Firm                                 Contact                          Phone #             Fax #
                 ENGINEER        PCI Design Group, Inc.                 Douglas E. Weatherby                      (614) 396-3265    (614) 396-3268
                ARCHITECT        PCI Design Group, Inc.                 Douglas E. Weatherby                      (614) 396-3265    (614) 396-3268
              CONSULTANT         N/A
                    LEGAL        James A. Saad, LLC                     James A. Saad                             (614) 396-3296    (614) 396-3297
             TAX ATTORNEY        David Cooper, Jr. Esquire              David Cooper, Jr.                         (614) 396-3200    (614) 396-3243

          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.
          Hayden Senior Housing Limited Partnership will be the Sponsor for the project. Hayden Senior Housing GP, LLC ("HSH") will


          MANAGEMENT COMPANY

                       Name:     Woda Management & Real Estate, LLC                         Contact Last Name:    Wray
                     Address:    229 Huber Village Blvd, Suite 100                          Contact First Name:   Charlene
                         City:   Westerville                                                        Title:        Senior VP of Operations
                        State:   OH                                                          Telephone #:         (614) 396-3200    (ext) 303
                    Zip Code:    43081                                                             Fax #:                   (614) 396-3210
                                                                                                  E-mail:         cwray@wodagroup.com
                                                                                        Web Page Address:         www.wodagroup.com


          Summary of Affordable Housing Management Experience

          Please indicate the number of affordable housing projects currently under management, and any Housing Credit projects previously managed
          for at least one year.




Page 13 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                                Hayden House


                                                        Project Information
                    Program:       Housing Credit         USDA RD      PROJECT INFORMATION
                                                                          HUD Section 8  hdap                                     hdlp                 202               TOTAL
                # of Projects:         133                  90                       5                     71                                                             299
                   # of Units:        5,440                3,527                    201                   2,784                                                          11,952


         Management Company Affordable Housing Experience

         Please list information for affordable housing projects currently under management, and any Housing Credit projects previously managedfor at least
         one year. Include all of the affordable housing programs associated with each project, using the following abbreviations:HC (Housing Credit); HDAP
         (Housing Development Assistance Program); HDLP (Housing Development Loan Program); MFBP (MultifamilyBond Program); RD (U.S. Dept. of
         Agriculture Rural Development); HUD (U.S. Dept. of Housing & Urban Development).

                Woda Management & Real Estate, LLC ("WMRE") currently manages over 140 properties throughout Ohio and the

                                                 PHYSICAL STRUCTURE INFORMATION

Project Type

         Yes                      New Construction

         No                       Acquisition and Substantial Rehabilitation

         No                       Substantial Rehabilitation

         Project Characteristics
                                                      rehabilitation         new construction
                       # of Residential Buildings:                                    1
                  # of Stories of Tallest Building:                                   3
                                  Total # of Units:                                   60

                             # of Parking Spaces:                                     60

                       Elevator in any buildings?              Yes           Yes/No

         Number of Units by Rental Type
                                                           NUMBER            % OF TOTAL UNITS
                                 Low-Income Units:                     60              100.00%
                                 Market-Rate Units:                                      0.00%
                                   Employee Units:                                       0.00%
                                           TOTAL:                      60              100.00%

         Number of    BUILDINGS by Building Type

                                                                                                                                                                        ENTER # OF
                                                       # of buildings that    # of buildings that    # of buildings that   # of buildings that   ELEVATOR in any of   UNITS IN EACH
                                                           are 1 Floor           are 2 Floors           are 3 Floors          are 4+ Floors        the buildings?     BUILDING TYPE
                         Single-Family Detached:
                        Single-Family Townhouse
                                         Duplex:
                                         Triplex:
                   Multi-Family (4 or more units):                                                                     1                         Yes                                 60
                                           Other:
                                         TOTAL:                          0                      0                      1                     0                                       60

         Number of Units by Bedroom Number

                                         SRO              EFFICIENCY                  1BR                   2BR                   3BR                  4BR+
          Low-Income Units:                                                           36                    24
          Market Rate Units:
                    TOTAL:                0                    0                      36                    24                     0                     0

         Detached Non-Residential Community Space

                                                       TOTAL SQUARE
                                       NUMBER              FEET
        Accessory Buildings:
        Recreation Facilities:                                                                      Type of Commercial Facilities (if applicable) :
       Commercial Facilities:


         Floor Area

                           Gross floor area of all building(s) (sq. ft.):                  70,328




Page 14 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                           Hayden House


                                                             Project Information
                                                                   PROJECT
                                      Commercial floor area (sq. ft.):                           INFORMATION
                                                                                                     0
                                   Common space floor area (sq. ft.):                             26,012
                                  Non-low-income floor area (sq. ft.):                                 0
                               Total Residential Floor Area (sq. ft.):                            70,328    Gross floor area minus Commercial floor area
                                Net Residential Floor Area (sq. ft.):                             44,316    Total Res. floor area minus Common Space floor area
                                   Low-Income Floor Area (sq. ft.):                               44,316    Net Res. floor area minus Non-Low-Income floor area
                           Average Net Residential Sq. Ft. per Unit :                               738.6   Total Net Res. Sq. Ft. divided by Total # of Units


                                                                                   POPULATIONS SERVED

                                                                                                            % OF UNITS TO BE      SUPPORTIVE
              POPULATION(S)                                                                                 OCCUPIED BY THIS       SERVICES
                 SERVED                                                                                       POPULATION          PROVIDED?


                                  Families/Individuals (seniors may reside there, but not exclusively a
                    No            senior development)                                                               -
                    Yes           Exclusively Senior (at least 1 in household is 55 or older)   ---->             100%

              SPECIAL NEEDS
             POPULATION SET-
                 ASIDES           Choose YES if the development specifically sets aside units for this population. Otherwise, choose NO


                    No            Persons with Mobility or Sensory Impairment-------------->
                    No                                                        ------------->
                                  Persons with Severe/Persistent Mental Illness

                    No            Persons with Developmental Disability ------------------->

                    No            Extremely Low Income (>= 35% AMGI) ------------------>

                    No            Formerly Homeless ---------------------------------->




       Service Coordinator: CAC of Fayette County
                       Address: 1400 US 22 NW
                            City: Washington Court House
                          State: OH                                                                             Telephone #: (740) 335-7282      (ext)
                      Zip Code: 43160                                                                                   Fax #: (740) 335-6802
           Web Page Address:                                                                                            E-mail: bbaughn@cacfayettecounty.org


           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.



                                                            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, indicate the following from the drop down memu: 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 W High St, Lowry Ave, Plum St                 340-07-00034-100-020                 9.01                    O                 NC                 60                60
       2                                               340-07-00034-100-021                                                                                                 0
       3                                               340-07-00034-105-039                                                                                                 0
       4                                               340-07-00034-100-025                                                                                                 0
       5                                               340-07-00034-100-023                                                                                                 0
       6                                               340-07-00034-100-013                                                                                                 0
       7                                               340-07-00034-100-016                                                                                                 0
       8                                               340-07-00034-100-017                                                                                                 0
       9                                               340-07-00034-100-018                                                                                                 0




Page 15 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                   Hayden House


                                                      Project Information
      10                                                       PROJECT
                                                340-07-00034-100-019               INFORMATION                                                                           0
      11                                        340-07-00034-105-001                                                                                                     0
      12                                        340-07-00034-105-024                                                                                                     0
      13                                        340-07-00034-100-015                                                                                                     0
      14                                        340-07-00034-100-022                                                                                                     0
      15                                        340-07-00034-100-012                                                                                                     0
      16                                        340-07-00034-105-035                                                                                                     0
      17                                        340-07-00034-105-025                                                                                                     0
      18                                        340-07-00034-105-027                                                                                                     0
      19                                        340-07-00034-100-014                                                                                                     0
      20                                        340-07-00034105-026                                                                                                      0
      21                                        340-07-00034-105-040                                                                                                     0
      22                                        340-07-00034-105-027                                                                                                     0
      23                                        340-07-00034105-013                                                                                                      0
      24                                        340-07-00034-105-014                                                                                                     0
      25                                        340-07-00034-105-036                                                                                                     0
      26                                        340-07-00034-105-037                                                                                                     0
      27                                        340-07-00034-105-038                                                                                                     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

                                                    new construction     rehabilitation                          new construction     rehabilitation
                        # of Sites Under Control:           1                  0                   # of Units:          60                    0


                  # of Sites Proposed to Acquire:           1


                       % of Sites Under Control:        100.00%              0.00%



           Site Acquisition Information


                                                    last placed-in-                                                                                    is the seller a
                       site address                 service date                     seller name                             seller address            related party?
       1 W High St, Lowry Ave, Plum St                                 The City of Springfield                   76 E. High St                                No
       2 0                                                                                                       Springfield, OH 45505
       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




Page 16 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                     Hayden House


                                                         Project Information
      17 0                                                           PROJECT INFORMATION
      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

           Will this project consist of scattered sites?                         No          See 2011 QAP for details.




           Will the site be subdivided?                      No           Yes, No

           Area of Site (Acres):                                   1.73



                                                         OCCUPANCY INFORMATION if applicable

           Are any of the units currently occupied?

                    No             Yes, No
                                   % of units occupied

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

                    No             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                                                                   09/22/10
            2. Land or Building acquired                                                              07/01/11
            3. Phase I Environmental Review                                                           04/15/11
            4. Zoning permit obtained                                                                 08/01/11
            5. 10% completion                                                                         07/15/11
            6. Appraisal completed                                                                    09/01/11
            7. Building permits obtained                                                              01/15/12
            8. Construction loan committed                                                            09/01/11
            9. Permanent financing committed                                                          09/01/11
           10. Construction contract executed                                                         07/01/11
           11. Construction loan closing                                                              01/15/12
           12. Equity closing                                                                         01/15/12
           13. Site preparation and/or demolition begins                                              01/15/12
           14. Start of construction, contractor's commencement notice                                01/15/12
           15. 50% completion                                                                         06/30/12
           16. Occupancy approval                                                                     01/15/13
           17. Permanent loan closing                                                                 05/15/13
           18. Construction completion                                                                01/15/13




Page 17 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                      Hayden House


                                                  Project Information
                                                               PROJECT INFORMATION

         Estimated placed-in-service date:         First building:    01/15/13   Last building:   01/15/13

This is the official OHFA Form




Page 18 of 60
              Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                  Hayden House x


            Project Proforma (Standard and Basis Adjust)
                                                  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.




            NUMBER                                     AFFORD-ABLE OCCUPIED                                                              MONTHLY
NUMBER      OF BED-     NUMBER OF         SQUARE        TO WHAT %  BY WHAT %            TENANT PAID   RENTAL                              RENTAL          MAXIMUM
OF UNITS    ROOMS       BATHROOMS        FOOTAGE         OF AMGI    OF AMGI? GROSS RENTS UTILITIES    SUBSIDY        NET RENTS            INCOME        GROSS RENTS
   6           1              1             655           35%         35%    $       375   $     98              $          277      $       1,662      $       375
   16          1              1             655           50%         50%    $       536   $     98              $          438      $       7,008      $       536
   14          1              1             655           60%         60%    $       548   $     98              $          450      $       6,300      $       643
                                                                                                                 $               -   $             -    $         -
   14          2              1             864           50%         50%    $       643   $    129              $          514      $       7,196      $       643
   10          2              1             864           60%         60%    $       654   $    129              $          525      $       5,250      $       771
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
                                                                                                                 $               -   $             -    $         -
       60                                                                                             Monthly Rental Income:         $     27,416

                     # of years remaining on rental                                                Annual Net Rental Income:         $ 328,992
                   subsidy contract (if applicable):                                           Annual Residential Fee Income:
                                                                                                        Annual Other Income:         $      3,000




Page 19 of 60
            Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                         Hayden House x


        Project Proforma (Standard and Basis Adjust)
                                                                                                   Annual Commercial Income:

                               Vacancy Rate:       7.00%                                            Annual Vacancy Allowance:   $ (23,239)
                    First Year Vacancy Rate:      10.00%
                                                                                                       Gross Annual Income:     $ 308,753



                                                      PROJECT INCOME INFORMATION

                       Fee income source(s): NA

                     Other income source(s): Laundry, vending, interest & tenant charges

                Commercial income source(s): NA

                    Rental subsidy source(s): NA



                                                        ANNUAL PROJECT EXPENSES

         These cells will be filled in automatically from the Operating Budget Worksheet

                                         TOTAL ADMIN EXPENSES             $      72,868
                                        TOTAL UTILITY EXPENSES            $      58,980
                                    TOTAL OPER/MAINT EXPENSES             $      51,960
                                      TOTAL TAXES & INSURANCE             $      62,340
                               TOTAL OTHER FINANCING EXPENSES             $      27,000   (includes replacement reserves)

                            TOTAL ANNUAL OPERATING EXPENSES               $     273,148




If the total annual operating expenses do not meet OHFA requirements, please explain why.
                           Total annual operating expenses are within 10% of OHFA’s 2010 averages for this region.

Describe any specific line items in the operating budget worksheet that may need further explanation.
                                                                    NA


Source of monthly utility expense information:




Page 20 of 60
             Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                Hayden House x


         Project Proforma (Standard and Basis Adjust)
Tenant-paid Utilities
        BR Type:         SRO              0 BR           1BR           2BR             3BR              4BR
            Heat:
         Electric:                                                 $         98   $        129
          Water:
          Sewer:
          Trash:
 Other:     specify
        TOTALS: $                 -   $          -   $         -   $         98   $        129     $             -

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



                                             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
                CONSTRUCTION LOAN     Bank                                        $    6,151,897                      5.00%     12 Mos.     NA
                 TAX CREDIT EQUITY
       HISTORIC TAX CREDIT EQUITY
                               HDAP   HDAP                                        $    1,500,000                      4.00%       35        NA
         DEFERRED DEVELOPER FEE
                  OTHER FINANCING
                  OTHER FINANCING     Deferred Fees                               $    1,100,000                      0.00%
                                                                                  $    8,751,897   $             -
All blanks pertaining to a source must be completed. Mark N/A if a space does not apply


                                                 PERMANENT FINANCING AND EQUITY SOURCES

The Ohio Housing Finance Agency requires that all non-OHFA permanent source(s) be committed or conditionally




Page 21 of 60
              Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                     Hayden House x


         Project Proforma (Standard and Basis Adjust)
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
               PERMANENT LOAN (1st)     Bank                                        $     200,000             15972        7.00%          18             30
              PERMANENT LOAN (2nd)
                  TAX CREDIT EQUITY     Ohio Equity Fund XXII                       $    6,781,897
        HISTORIC TAX CREDIT EQUITY
                                 HDAP   HDAP                                        $    1,500,000                         4.00%          35
          DEFERRED DEVELOPER FEE        The Woda Group, LLC                         $      140,000                    NA
         SOFT FINANCING 1 (SPECIFY)
         SOFT FINANCING 2 (SPECIFY)
       OTHER FINANCING 1 (SPECIFY)      Hayden House GP, LLC                        $     130,000
       OTHER FINANCING 2 (SPECIFY)
                                                                         TOTALS     $    8,751,897   $       15,972
All blanks pertaining to a source must be completed. Mark N/A if a space does not apply


                      CONSTRUCTION FINANCING AND EQUITY SOURCES (UP TO 130 % BASIS ADJUSTMENT)

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
                CONSTRUCTION LOAN
                  TAX CREDIT EQUITY
        HISTORIC TAX CREDIT EQUITY
                                 HDAP
          DEFERRED DEVELOPER FEE
                   OTHER FINANCING
                   OTHER FINANCING
                                                                                    $            -   $          -
All blanks pertaining to a source must be completed. Mark N/A if a space does not apply

                         PERMANENT FINANCING AND EQUITY SOURCES (UP TO 130% BASIS ADJUSTMENT)

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.




Page 22 of 60
             Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                            Hayden House x


         Project Proforma (Standard and Basis Adjust)
                                                                                                      ANNUAL                          AMORTI-
                                                                                                       DEBT         INTEREST          ZATION
                                                  SOURCE NAME                        AMOUNT           SERVICE         RATE     TERM   PERIOD
              PERMANENT LOAN (1st)
             PERMANENT LOAN (2nd)
                 TAX CREDIT EQUITY
       HISTORIC TAX CREDIT EQUITY
                              HDAP
         DEFERRED DEVELOPER FEE
          SOFT FINANCING (SPECIFY)
          SOFT FINANCING (SPECIFY)
        OTHER FINANCING (SPECIFY)
        OTHER FINANCING (SPECIFY)
                                                                      TOTALS     $            -   $             -
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 covered by the pre-development funding.
              There are no pre-development loans or grants in connection with this project. The developer will provide for all

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


                                                    STABLE YEAR CASH FLOW CALCULATION

                                        Gross Annual Income:      $    308,753


                            Total Annual Operating Expenses       $    273,148



                                       Net Operating Income       $     35,605


                                  Primary Hard Debt Service       $     15,972
                                Secondary Hard Debt Service       $          -


                                 Cash Flow (Hard Debt Only):      $     19,633   Net Operating Income less Hard Debt Service


                                 Hard Debt Coverage Ratio:            2.23       Net Operating Income divided by Hard Debt Service




Page 23 of 60
             Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                          Hayden House x


         Project Proforma (Standard and Basis Adjust)
                                             HDAP Debt Service           $           -
                                 Debt Service for Deferred Fees:         $           -
                                      Other Debt Service (Soft):         $           -


                                                Cash Flow (All Debt):    $      19,633   Net Operating Income less Hard and Soft Debt Service

                                  Overall Debt Coverage Ratio:                2.23       Net Operating Income divided by Debt Service




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



                                      ITEMIZATION OF PROJECT COSTS AND ELIGIBLE BASIS (STANDARD)

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.

                                                                                                      Hard Construction Costs                   Soft Construction Costs



                                                                                                         HOUSING CREDIT ELIGIBLE BASIS - STANDARD
                                                                                                ACQUISITION                 REHABILITATION           NEW CONSTRUCTION
                                                                  TOTAL COSTS
                                                    Land:     $           495,973
                                        Land Broker Fees
                                     Building Acquisition:
                                   Demolition/Relocation
                                 Off-Site Improvements:
                                 On-Site Improvements:        $            841,720                                                               $                   841,720
                Hard Construction (Residential New Const.):   $          3,943,357                                                               $                 3,943,357
                Hard Construction (Residential Rehab.):
                      Hard Construction (Commercial):
                        Hard Construction (Fee Items*):
                              Construction Contingency:       $              274,596                                                             $                   274,596
                                 Furnishings/Appliances:




Page 24 of 60
             Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                               Hayden House x


         Project Proforma (Standard and Basis Adjust)
                               General Requirements:      $          303,074                                                   $       303,074
                                Contractor Overhead:      $          100,687                                                   $       100,687
                                     Contractor Profit:   $          303,074                                                   $       303,074
                                     Survey(s) Costs:     $           35,000                                                   $        35,000
                                   Architectural Fees:    $          173,723                                                   $       173,723


                                    Engineering Fees:     $           56,937                                                   $        56,937
                              Construction Insurance:     $           25,000                                                   $        25,000
                                 Construction Interest:   $          188,880                                                   $       188,880
                           Construction Loan(s) Fees:     $          123,038                                                   $       123,038
                            Permanent Loan(s) Fees:       $            6,000
                          Costs of TE-Bond Issuance:
                                                Taxes:
                                            Appraisal:    $             7,000                                                  $         7,000
                                         Market Study:    $             7,000                                                  $         7,000
                                Environmental Report:     $             9,000                                                  $         9,000
                      Housing Credit Application Fee:     $             2,000
                     Housing Credit Reservation Fee:      $            57,595
                          Compliance Monitoring Fee:      $            54,000
                            Rent-up Costs/Marketing:      $            89,027
                                    Title & Recording:    $            35,000                                                  $         35,000
                  Legal Fees (not syndication related):   $            35,000                                                  $         35,000
                                     Accounting Fees:     $            30,000                                                  $         30,000
                        Developer's Fee & Overhead:       $         1,100,000                                                  $      1,100,000
                                     Consultant Fees:
                                **Organizational Fees:    $           20,000
                              **Syndication Expenses:
                                **Operating Reserves:     $          289,120
                            **Replacement Reserves:       $                -
                                  Tap
                               Other 1 Fees & Permits     $           66,096                                                   $        66,096
                            Asset Management Fee
                       OCCH Other 2                       $           80,000
                               Other 3   (specify here)
                               Other 4   (specify here)
                                             TOTALS:      $         8,751,897   $                      -   $               -   $      7,658,182

* - 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.
                                                              SOURCES AND USES BREAKDOWN (STANDARD)

                                                                                             SOURCES



Page 25 of 60
              Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                            Hayden House x


        Project Proforma (Standard and Basis Adjust)




                                                                                    Ohio Equity




                                                                                                                              Group, LLC
                                            Total Line




                                                                                                                                                                  House GP,
                                                                                                                              The Woda
                                                                                     Fund XXII




                                                                                                                                                                   Hayden
                                            Item from




                                                                                                              HDAP
                                                                Bank




                                                                                                                                                                    LLC
                                                                            0




                                                                                                      0




                                                                                                                                             0




                                                                                                                                                      0




                                                                                                                                                                                0
                                              TOTAL
                                              COSTS
                      USES                    above
                                   Land:    $    495,973                        $        495,973
                      Land Broker Fees:     $           -
                    Building Acquisition:   $           -
                  Demolition/Relocation:    $           -
                 Off-Site Improvements:     $           -
                 On-Site Improvements:      $    841,720                        $        841,720
   Hard Construction (Res. New Const.):     $   3,943,357   $     200,000       $     2,193,357           $   1,500,000                                       $       130,000
       Hard Construction (Res. Rehab.):     $           -
       Hard Construction (Commercial):      $           -
        Hard Construction (Fee Items*):     $           -
              Construction Contingency:     $    274,596                        $        274,596
                Furnishings/Appliances:     $           -                       $                 -
                 General Requirements:      $    303,074                        $        303,074
                  Contractor Overhead:      $    100,687                        $        100,687
                       Contractor Profit:   $    303,074                        $        303,074
                       Survey(s) Costs:     $     35,000                        $          35,000
                       Architectural Fees $      173,723                        $        173,723
                      Engineering Fees:     $     56,937                        $          56,937
                Construction Insurance:     $     25,000                        $          25,000
                   Construction Interest:   $    188,880                        $        188,880
             Construction Loan(s) Fees:     $    123,038                        $        123,038
              Permanent Loan(s) Fees:       $      6,000                        $            6,000
            Costs of TE-Bond Issuance:      $           -                       $                 -
                                  Taxes:    $           -                       $                 -
                              Appraisal:    $      7,000                        $            7,000
                          Market Study:     $      7,000                        $            7,000
                  Environmental Report:     $      9,000                        $            9,000
         Housing Credit Application Fee:    $      2,000                        $            2,000
       Housing Credit Reservation Fee:      $     57,595                        $          57,595
            Compliance Monitoring Fee:      $     54,000                        $          54,000
              Rent-up Costs/Marketing:      $     89,027                        $          89,027
                      Title & Recording:    $     35,000                        $          35,000
    Legal Fees (not syndication related):   $     35,000                        $          35,000
                       Accounting Fees:     $     30,000                        $          30,000
          Developer's Fee & Overhead:       $   1,100,000                       $        880,000                          $        140,000




Page 26 of 60
              Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                Hayden House x


         Project Proforma (Standard and Basis Adjust)
                         Consultant Fees:   $           -                              $           -
                  **Organizational Fees:    $     20,000                               $     20,000
                **Syndication Expenses:     $           -                              $           -
                  **Operating Reserves:     $    289,120                               $    289,120
              **Replacement Reserves:       $           -                              $           -
              Other 1Tap Fees & Permits $         66,096                               $     66,096
            Other 2
          OCCH Asset Management Fee $             80,000                               $     80,000
              Other 3        (specify here) $           -
              Other 4        (specify here) $           -
                           SOURCE TOTALS:   $   8,751,897   $   200,000   $        -   $   6,781,897   $   -   $   1,500,000   $   140,000   $   -    $             -   $    130,000    $   -

                                                                                                                                                      GRAND TOTAL       $   8,751,897




                                     SOURCES AND USES BREAKDOWN (UP TO 130% BASIS ADJUSTMENT)


  Projects may receive an allocation of credits based upon 130% of the qualified basis for new construction or substantial rehabilitation. This increase in
                              basis will be approved based upon demonstrated financial need, on a project by project basis.

Provide details to justify the financial need for the increased basis.
                                                                              NA

                                            SOURCES

                                            Total Line
                                            Item from
                                                            0




                                                                          0




                                                                                       0




                                                                                                       0




                                                                                                               0




                                                                                                                               0




                                                                                                                                             0




                                                                                                                                                      0




                                                                                                                                                                        0




                                                                                                                                                                                        0
                                              TOTAL
                                              COSTS
                        USES                  above
                                   Land:    $    495,973
                        Land Broker Fees:   $           -
                    Building Acquisition:   $           -
                  Demolition/Relocation:    $           -
                 Off-Site Improvements:     $           -
                 On-Site Improvements:      $    841,720
   Hard Construction (Res. New Const.):     $   3,943,357
       Hard Construction (Res. Rehab.):     $           -
        Hard Construction (Commercial):     $           -
         Hard Construction (Fee Items*):    $           -
              Construction Contingency:     $    274,596
                 Furnishings/Appliances:    $           -




Page 27 of 60
              Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                     Hayden House x


        Project Proforma (Standard and Basis Adjust)
                 General Requirements:       $    303,074
                  Contractor Overhead:       $    100,687
                        Contractor Profit:   $    303,074
                        Survey(s) Costs:     $     35,000
                       Architectural Fees $       173,723
                       Engineering Fees:     $     56,937
                Construction Insurance:      $     25,000
                   Construction Interest:    $    188,880
             Construction Loan(s) Fees:      $    123,038
              Permanent Loan(s) Fees:        $      6,000
            Costs of TE-Bond Issuance:       $           -
                                  Taxes:     $           -
                               Appraisal:    $      7,000
                           Market Study:     $      7,000
                  Environmental Report:      $      9,000
        Housing Credit Application Fee:      $      2,000
       Housing Credit Reservation Fee:       $     57,595
            Compliance Monitoring Fee:       $     54,000
              Rent-up Costs/Marketing:       $     89,027
                       Title & Recording:    $     35,000
    Legal Fees (not syndication related):    $     35,000
                       Accounting Fees:      $     30,000
          Developer's Fee & Overhead:        $   1,100,000                                                $          -
                        Consultant Fees:     $           -
                  **Organizational Fees:     $     20,000
                **Syndication Expenses:      $           -
                  **Operating Reserves:      $    289,120
              **Replacement Reserves:        $           -
             Other 1Tap Fees & Permits $           66,096
           Other 2
         OCCH Asset Management Fee $               80,000
             Other 3        (specify here) $             -                    $     -
             Other 4        (specify here) $             -
                          SOURCE TOTALS:     $   8,751,897   $    -   $   -   $     -   $   -   $     -   $          -   $            -    $             -   $   -   $   -
                                                                                                              Sources Do Not Equal Uses    GRAND TOTAL       $   -


                                                                 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.
           The operating reserve is calculated at 12 months operating expenses and debt service as required by the syndicator.




Page 28 of 60
            Ohio Housing Finance Agency 2010 Affordable Housing Funding Application                                                                      Hayden House x


        Project Proforma (Standard and Basis Adjust)
Describe any specific line items in the Itemization of Project Cost proforma that may need further explanation.
                                                                           NA



                                                                PROJECT COST CALCULATIONS

             Total Development Cost per Unit:          $      131,880 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.


Dev. Fees and Overhead + Consultant Fees %             $    1,100,000    Not to exceed 15% of Rehabilitation and New Construction Eligible Basis plus
                                                                         5% of Acquisition Eligible Basis.
                                                                                        --- OR ---
                                                       $    1,100,000 Not to exceed 15% of Rehabilitation and New Construction Eligible Basis plus 10%
                                                                         of Acquisition Eligible Basis (for prop. transfers requiring HUD approval).


                     General Requirements %                      5.99%   General Requirements/Hard Construction Costs

                       Contractor Overhead %                     1.99%   Contractor Overhead / Hard Construction Costs

                             Contractor Profit %                 5.99%   Contractor Profit / Hard Construction Costs

                             Total Soft Cost %:                32.08%    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.

                  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
                                                       $             -   Total Project Cost (less land).




Page 29 of 60
               Ohio Housing Finance Agency 2011 Affordable Housing Funding Application   Hayden House


                    Annual Operating Budget Worksheet
Name of Project                                  Hayden House
Total Number of Units:                60
Net Rentable Square Footage:          44316


                           ANNUAL INCOME

                                              TOTAL PROJECT           PER UNIT
 Rental Income
Rent                                  $                    328,992    $ 5,483
Annual Residential Fee Income:        $                          -    $     -
Annual Other Income:                  $                      3,000
Annual Commercial Income:             $                          -
Other                                                               $    -
Annual Vacancy Allowance              $                    (23,239) $ (387)
TOTAL RENTAL INCOME                   $                    308,753 $ 5,871

 Financial Income
Interest Income                                                       $     -
Interest from Reserve Accounts                                        $     -
Other                                                                 $     -
TOTAL FINANCIAL INCOME                $                           -   $     -

 Service Income
Laundry Revenue                                                       $     -
Tenant Charges/Fees                                                   $     -
Elderly Care/Service Delivery                                         $     -
Other 1                                                               $     -
Other 2                                                               $     -
Other 3                                                               $     -
TOTAL SERVICE INCOME                  $                           -   $     -

                    TOTAL INCOME $                         308,753    $ 5,146


                        ANNUAL EXPENSES
 Administrative Expenses

Advertising and Marketing             $                      2,340    $    39
Office Expenses                       $                      8,940    $   149
Administrative Salaries               $                     24,540    $   409
Telephone                                                             $     -
Management Fee                        $                     25,228    $   420
Management Salary                                                     $     -
Legal Expense                         $                       5,340   $    89
Audit Expense                                                         $     -
Accounting Fees                       $                       6,480   $   108
Bad Debts                                                             $     -
Tenant Relations                                                      $     -
Misc. Administrative Expenses                                         $     -
Other 1 (type over cell to specify)                                   $     -
Other 2 (type over cell to specify)                                   $     -
Other 3 (type over cell to specify)                                   $     -
TOTAL ADMIN EXPENSES                  $                     72,868    $ 1,214



 Owner Paid Utilities for Common Areas and Units

Electricity                           $                      9,420    $   157
Water                                 $                     25,275    $   421
Gas                                                                   $     -
Sewer                                 $                     24,285    $   405
Cable/Internet                                                        $     -
Other 1 (type over cell to specify)                                   $     -
Other 2 (type over cell to specify)                                   $     -
TOTAL UTILITY EXPENSES                $                     58,980    $   983

 Operating/Maintenance

Operating/maintenance Contracts                                       $     -
Elevator                                                              $     -
Garbage/Trash Removal                                                 $     -
Van Driver Payroll                                                    $     -
Janitor Payroll                                                       $     -
Maintenance Payroll                   $                     25,140    $   419
Maintenance Supplies                  $                     26,820    $   447
Painting and Decorating                                               $     -
HVAC Maintenance                                                      $     -
Snow Removal/Landscaping                                              $     -
Vehicle Operation and Repairs                                         $     -
Rent Concessions/Incentives                            $      -
Extermination                                          $      -
Other 1 (type over cell to specify)                    $      -
Other 2 (type over cell to specify)                    $      -
Other 3 (type over cell to specify)                    $      -
Other 4 (type over cell to specify)                    $      -
TOTAL OPER/MAINT EXPENSES             $       51,960   $    866

Taxes and Insurance

REAL ESTATE TAXES                     $       48,000   $   800
PAYROLL TAXES                         $        2,460   $    41
PROPERTY/LIABILITYINSURANCE           $       11,880   $   198
FIDELITY BOND INSURANCE                                $     -
WORKERS COMPENSATION                                   $     -
HEALTH INS/EMP BENEFITS                                $     -
MISC TAXES/INSUR/LICENSE                               $     -
Other 1 (type over cell to specify)                    $     -
Other 2 (type over cell to specify)                    $     -
Other 3 (type over cell to specify)                    $     -
TOTAL TAXES & INSURANCE               $       62,340   $ 1,039

Other Financial Expenses (including replacement reserves)

Replacement Reserves                                   $      -
Replacement Reserves                  $       21,000   $    350
Service Coordinator                   $        6,000   $    100
TOTAL OTHER FINANCIAL EXPENSES        $       27,000   $    450

            TOTAL EXPENSES $                 273,148   $ 4,552

NET OPERATING INCOME                  $       35,605   $    593
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                                   Hayden House


                                                                   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.

             CITY OR VILLAGE

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




                       TOWNSHIP

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




                          COUNTY

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




         STATE REPRESENTATIVE


         State Representative in which the project is located                                        District




         STATE SENATOR

         State Senator in which the project is located                                               District




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

             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




                       TOWNSHIP

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




                          COUNTY

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




         STATE REPRESENTATIVE

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




         STATE SENATOR

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




Page 32 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                                   Hayden House


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

             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




                      TOWNSHIP

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




                          COUNTY

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




         STATE REPRESENTATIVE

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




         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

             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




                      TOWNSHIP

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




                          COUNTY

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




         STATE REPRESENTATIVE

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



         STATE SENATOR

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




Page 33 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                    Hayden House

                  2011 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 this
 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 2011 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 State; 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 being 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 held
 harmless against all losses, costs, damages, expenses, and liabilities whatsoever nature or kind (including, but not limited to
 attorney's fees, litigation, and court costs, amounts paid in settlement, and amounts paid to discharge judgment, and any loss from
 judgment from the Internal Revenue Service) directly or indirectly resulting from, arising out of, or related to acceptance,
 consideration, and approval or disapproval of such allocation 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 responsibility to be aware of and comply with all non-discrimination
 provisions relating to race, color, religion, sex, handicap, familial status, and national origin. This includes design requirements for
 construction or rehabilitation, Equal Opportunity in regard to marketing and tenant selection and reasonable 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 proposal
 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.




Page 34 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                   Hayden House

                  2011 OHFA Program Certification
                                      An original executed OHFA Program Certification must be submitted

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

                          this                            day of




                                 Hayden Senior Housing Limited Partnership
                                 Legal Name of Actual or Proposed Ownership Entity




                  BY:
                                 Authorized Signator - General Partner


                                 David Cooper, Jr.
                                 Print Name


                                 General Counsel/Member
                                 Title


                                 Hayden Senior Housing, GP, LLC
                                 Organization



           STATE OF                                                       :
                                                                          :    ss:
           COUNTY OF                                                      :

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

                                                                                           , the
                                 AUTHORIZED SIGNATOR                                                              TITLE
           of                                                                  a(n) Ohio
                                 NAME OF COMPANY                                                    TYPE OF COMPANY


           who acknowledges that he/she is an authorized signator of said company, and did sign the foregoing instrument

           on behalf of                                                        and that the same is his/her free act and deed.
                                                     NAME OF COMPANY


           IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal             this ________day of _____________, 20




Page 35 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                  Hayden House


                                             Housing Credit Program
                              This is the official OHFA form
                                                    PREVIOUS ALLOCATION OF HOUSING CREDIT

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

         If Yes, complete the following:

                             Allocation Year:                               BIN #(s):
                      Placed In Service Date                       Original Tracking #:
   Names of previous owners or management who are parties in this new development

                                                        ANNUAL HOUSING CREDIT CALCULATION

                                                  total              total                 total
                                                  acquisition        rehabilitation        new construction
                                                  basis              basis                 basis
                            Total Eligible Basis: $                - $                   - $     7,658,182

                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)




                                                                                                                          0
                               Net Eligible Basis $                -   $                 -   $      7,658,182

                       % of Sites in a 2010 QCT                                                    100%          See Exhibit K of the 2011 QAP

                Adjusted Eligible Basis for QCT     $              -   $                 -   $      9,955,637 Multiply Net Eligible Basis by 130% for Sites
                                                                                                                 Located in a QCT.
           Maximum Additional Basis Available                          $                 -   $               -

                     Additional Basis Requested                                                                  See 2011 QAP page 45 for details before filling in this
                                                                                                                 cell. Must also submit a narrative detailing the


                    Total Adjusted Eligible Basis $                -   $                 -    $     9,955,637

                            Applicable Fraction:          100.0000%         100.0000%              100.0000% Lesser of Low-Income Unit Fraction or
                                                                                                                 Low-Income Floor Space Fraction.

                           Total Qualified Basis:   $              -   $                 -   $      9,955,637 Multiply Adjusted Eligible Basis
                                                                                                                 by Applicable Fraction.

            Applicable Tax Credit Percentage:                                                     9.00%

                            Annual Amount of
                     Housing Credit Requested:      $              -   $                 -   $        896,007 Multiply Total Qualified Basis by
                                                                                                                 Applicable Tax Credit Percentage.

                            Previous Allocation:    $              -   $                 -   $               - Subtract from Amount of HC Requested.


                                       Housing Credit Requested:       $          896,007 Add Acquisition, Rehabilitation, & New Construction
                                                                                             Housing Credit amounts.

                                     Ten Year Housing Credit Total:    $     8,960,073 Multiply Total Housing Credit Amount by 10.

                                                               SALE OF LIMITED PARTNERSHIP




Page 36 of 60
          Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                      Hayden House


                                                          Housing Credit Program
                                           This is the official OHFA form

                               Name of Fund or Syndicator: Ohio Equity Fund XXII

                      Type of Offering:

                              No           Public Offering                                     No          Self-Syndicated

                              Yes          Private Offering                                    No          No Syndication

                      Contact Person:                 Name: John Kircher
                                                    Phone #: (614) 224-8446            (ext) 107                       Fax #:       (614) 224-8452



                                                              HOUSING CREDIT EQUITY PROCEEDS CALCULATION


                      Calculation of Net Equity:
                                                                      Gross Equity:    $       6,781,897
                                              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:     $       6,781,897 Should equal the Housing Credit Net Equity amount listed in
                                                                                                           the conditional equity commitment letter

                      Housing Credit Net Equity Factor:                      0.7577 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 Yes or No 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:

=IF(B105="yes",1,0)           No           Section 515 Rural Rental Housing Loan (new construction only)
=IF(B106="yes",1,0)           No           Section 538 Rural Rental Housing Loan Guarantee (must equal at least 10% of total project costs)

                      Does this project meet the criteria of Permanent Supportive Housing according to the ICHAH PSH Policy Framework?
                      See 2011 QAP Exhibit D
                                       0          No           Yes/No



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

=IF(B115="Yes",1,0)           No           Projects receiving project-based rental subsidy through a Section 8 HAP contract
=IF(B116="Yes",1,0)           No           Troubled project that has received assistance from the USDA Rural Development office.
=IF(B117="Yes",1,0)           No           Approved to participate in the HUD Portfolio Reengineering Program.
=IF(B118="Yes",1,0)           No           HUD Section 202 or Section 811.
=IF(B119="Yes",1,0)           No           Existing HUD Section 236 project with decoupling of Interest Reduction Payment (IRP).
=IF(B120="Yes",1,0)           No           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:                   General Pool




                                                                                    OTHER TAX CREDITS
                      Will this project use Federal Historic Rehabilitation Tax Credits in its financing structure?
                                                   No          Yes/No                                                            (If yes, answer all questions in this section)

                                           Are there buildings in this project listed on National Register of Historic Places?
                                                   No           Yes/No

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




          Page 37 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                              Hayden House


                                              Housing Credit Program
                              This is the official OHFA form
                                       No           Yes/No                                                                           Approval Date
                              % of the total units in this project contained in historic buildings

                              Have one of the GP's or the contractor successfully completed and placed-in-service at least one other historic project?
                                    Yes         Yes/No

         Will this project use the Ohio Historic Preservation Tax Credit in its financing structure?
                                      No           Yes/No

                                                        RENT ELECTIONS and INCOME TARGETING

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

                 40%                 of the low-income units at                 60%            of Area Median Gross Income (AMGI).

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

                 10%                 of the low-income units at                 35%            of AMGI.




         Select one of the elections below
                 No          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.

                 Yes          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:

         FOR PROJECTS LOCATED IN NON-PARTICIPATING JURISDICTIONS
               No      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
               No      5% of the units occupied and affordable to households with incomes at or below 35% AMGI

         FOR PROJECTS LOCATED IN PARTICIPATING JURISDICTIONS
               yes     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
               yes     10% of the units occupied and affordable to households with incomes at or below 35% AMGI



                                                           HOUSING CREDIT APPLICATION FEE

         Application Fee:       $          2,000

                                       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):      $          44,800

                                                                ESTIMATED MONITORING FEE

                       Monitoring Fee (estimate):   $          54,000

                                                        OHIO HOUSING LOCATOR REGISTRATION

The owner and/or property manager of all housing credit credit properties funded from 2008 on are required to list their properties in the Ohio Housing Locator,
which is the OHFA-sponsored statewide, affordable housing database. The registration is required as soon as the units are placed in service. How do you intend
      To that this Housing Credits, in addition to completing Sections A, B, C, D, and E of the 2008 OHFA
to insure apply for takes place?



Page 38 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                            Hayden House


                                            Housing Credit Program
The owner and/or property manager of all housing credit credit properties funded from 2008 on are required to list their properties in the Ohio Housing Locator,
which is the OHFA-sponsoredThis is the official OHFA form database. The registration is required as soon as the units are placed in service. How do you intend
                                 statewide, affordable housing
      To that this Housing Credits, in addition to completing Sections A, B, C, D, and E of the 2008 OHFA
to insure apply for takes place?

            The property management agent, Woda Management & Real Estate, LLC will be responsible for registering properties on the

                 Link to Locator >>>>             www.OhioHousingLocator.org




Page 39 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                            Hayden House


         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.

                      HDAP RECIPIENT CONTACT NAME Lucinda Baughn
                                AUTHORIZED SIGNER Lucinda Baughn

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



                 x         Most recent audited financial statements of the Recipient (2009 or later)

                 x         Organizational Chart of the Applicant organization

                 x         Lead Based Paint Plan

                 x         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)

                 x         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

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

                 x         Required Narratives

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

                 x         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.

                 x         Loan

                                           PROFILE OF COMMITTED/POTENTIAL FEDERAL FUNDING

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




Page 40 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                        Hayden House


        Housing Development Assistance Program (HDAP)
         Source                                                 HOME         CDBG                     (Other 1)           (Other 2)
         HDAP                                                   $  1,500,000




                                                                                                                                                 0.183333333
                                                      Totals:   $   1,500,000      $              -   $               -   $              -

         Calculation of Assisted Units - Estimate

         HDAP Assisted Units:                       11          HDAP Amount Requested divided by Total Project Cost multiplied by Total
                                                                Number of Units.

         HOME or Assisted Units:                    11          Total HOME Requested divided by Total Project Cost multiplied by Total
                                                                Number of Units.

         221(d)(3) Limit Calculation:               11                11           (Rounded Up)

         Estimated Assisted Unit Distribution:




                                             Total Affordable   Estimated
                                                   Units      Assisted Units
                                SRO                  0              0
                                EFF                  0              0
                                1 BR                36             6.60
                                2 BR                24             4.40
                                3 BR                 0              0
                               4+ BR                 0              0
                               TOTAL                               11



         Applicability of High and Low HOME Rents - Estimate

                  Total Number of HOME or Assisted Units              11

                           Low HOME Rents - Applicable?              yes           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                0                    0                   0
                                 EFF                 0                0                    0                   0
                                 1 BR               36               6.60                  2                 4.60         $           536    $          538
                                 2 BR               24               4.40                  1                 3.40         $           643    $          648
                                 3 BR                0                0                    0                   0
                                4+ BR                0                0                    0                   0



                                                                 APPLICABLE WAGE RATES

         Federal Wage Rates

                HOME or Assisted Units =            11

         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. If 811, 202 or 221(d)(4) financing is part of the project,
         Davis-Bacon wage rates apply, no matter how many units are proposed

         Were Davis-Bacon Wage Rates used to estimate construction costs for the project?
                              x       Yes                                 No



         State Prevailing Wage Rates




Page 41 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                              Hayden House


        Housing Development Assistance Program (HDAP)
         Applicant / majority owner is a for-profit                                Yes                        x         No

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

                                    x         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                        x         No


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

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

                                    x         Yes                                  No                                   Not Applicable

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

                                              Yes                        x         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                        x         No



                                                                  ACQUISITION/RELOCATION

         Does the project involve the acquisition of existing buildings?                                                Yes                      x   No

                            If yes, include evidence of Acquisition/Relocation Documentation.



         Does the Project Involve the Temporary or Permanent Relocation of Residents?                                   Yes                      x   No

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



                                                        HDAP FINANCING AWARD INFORMATION

                         Name of Recipient: Hayden Senior Housing Corp.
                                     Address 1400 US HW 22 NW
                    City, State and Zip Code Washington Court House, OH 43160
                                     Phone #         (740) 335-7282        Email Address             bbaughn@cacfayettecounty.org

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

                FTIN of the above Recipient: applied for

                            (Note: Funds cannot be encumbered without an FTIN)

      Authorized Signer                 Name: Lucinda Baughn                                                      Title: Executive Director




Page 42 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                             Hayden House


        Housing Development Assistance Program (HDAP)
                                                             CHDO SET - ASIDE ELIGIBILITY

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

                                  x         Yes                                No

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

                                  x         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?
            The site is of adequate size to accommodate the number of units proposed and is served by adequate infrastructure. The

         CONCENTRATION: Will the project unduly concentrate minority or low-income residents?
                           How will the project promote greater housing choice?
          There is no evidence that the project will unduly concentrate minority or low-income residents.           By providing a higher-quality

         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?
          The project is not located in an area of declining housing stock or high crime. Although within city limits, the surrounding area

         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?
          The site is accessible to commercial retail as well as social, recreational, educational, health, and other community services.

         3.1 Discuss any theyour organization's history, including its accomplishments with includingto past projects,funds are in theservi ces 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




Page 43 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                     Hayden House


                        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
                                                      2009 Housing Development Loan Program Guidelines and Appendix A.
   strictly adhere to the policies established in the Housing Development Loan Program Guidelines. It is strongly recommended that applicants
   OHFA the guidelines to avoid delays any additional information
   review reserves the right to requestin processing their request. it deems necessary to evaluate funding requests.
   OHFA reserves the right to request any additional information it deems necessary to evaluate funding requests.

INCLUDED:

                           Completed 2011 AHFA




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 Grant, a letter from the construction Lender which states
                           the benefit of the grant in terms of how it affects the construction loan interest rate.


                           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 project meets one of more of the definitions of "Preservation" in the 2011 QAP (page 24)



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.

GENERAL:

                           Letter from each entity with an ownership interest in the project stating they have read and will abide by the current (March 2009)
                           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.




Page 44 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                Hayden House


                        Housing Development Loan Program
                             Uniform Relocation Act Statement or Plan AND Relocation Plan.

                             Current version of the Affirmative Fair Housing Marketing Plan (Revised August 2010)



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 2011 AHFA. If it does not, it will constitute a Threshold Deficiency.



Name of Borrower




Name of Applicant




                                                           CONSTRUCTION DEPOSIT GRANT

         Amount requested:


         Percent of the amount of the loan against the Total Residential Project Cost*:                                           0.00%
         * Net OHFA interest.



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

                             One of these figures should equal the construction interest expense
                             (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



                                                         EQUITY BRIDGE LOAN INFORMATION

         Amount requested:                                                                               (not to exceed $1,500,000 or 50% of Total Residential Project Cost

         Term of the loan:                                        months.            (not to exceed 120 months)


         Budgeted interest rate:                     2.00%

         Percent of the amount of the loan against the Total Net Equity:                                                         #DIV/0!




Page 45 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                               Hayden House


                        Housing Development Loan Program
         Percent of the amount of the loan against the Total Residential Project Cost*:                                                0.00%
         * 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 1:
                                     Other 2:
                                       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




         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.

                                                                 FLEX LOAN INFORMATION

         Amount requested:

         Term of the loan:                                         months.              not to exceed 120 months


         Proposed Use of Loan:




Page 46 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                            Hayden House


                        Housing Development Loan Program
                        Construction Period:                                                  Post-Construction Period:

         Describe the proposed use of the Flex 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.

                                                                   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:       $        131,880




         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.




                                                     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?




Page 47 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                 Hayden House


                       Housing Development Loan Program
                                                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 application fees for the Housing Development Loan Program is as follows:
                            See Appendix A of the 2009 HDLP Guidelines for loan sevicing fees and closing fees




                                                Construction Deposit Loan:                      $600

                                                Equity Bridge Loan:                             $600

                                                Direct Loan:                                    $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.




Page 48 of 60
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                            Hayden House


                                          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                                           0
                Series B                                           0
                Series C                                           0
                 Other                                             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:



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




Page 49 of 60                                                                                                                            Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                         Hayden House


                                         Multifamily Bond Program




         IF MORE SPACE IS NEEDED, CLICK ON TAB EXTRA_SP2)
                                                                 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.

                                                          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:                                                                                   $            -




Page 50 of 60                                                                                                                       Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                                      Hayden House


                                         Multifamily Bond Program
                     Plus: Bond Fund Balance:                                                                                          $                 -
                                Plus: Other 1:                                                                                         $                 -
                                Plus: Other 2:                                                                                         $                 -

                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 1:                                                                                       $                 -
                                        Other 2:                                                                                       $                 -
                                        Other 3:                                                                                       $                 -

      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.



                                                          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




Page 51 of 60                                                                                                                                 Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                             Hayden House


                                          Multifamily Bond Program
                             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:          N/A                               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.



                                         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 PC-E45 - 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:




Page 52 of 60                                                                                                                            Revised February 13, 2009
Ohio Housing Finance Agency 2011 Affordable Housing Funding Application                                                                    Hayden House


                                       Multifamily Bond Program
                           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




Page 53 of 60                                                                                                                    Revised February 13, 2009
                             Ohio Housing Finance Agency 2011 Affordable Housing Funding Application


                                     2011 Program Forms

         Development Features Agreement

         OHFA FORM 001A - Reconsideration of 2011 Visitability 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 PC-E45 (revised August 2010) - Affirmative Fair Housing Marketing Plan


         Link for all forms below:

         Sample 1: Inducement and Indemnity Agreement Letter (MFBP)

         Instructions: Acquisition, Relocation and Demolition Section

         Attachment 1: Questionnaire on Acquisition, Relocation and Demolition

         Attachment 2: Real Property Acquisition and Relocation Certifications

         Attachment 3: Sample Voluntary Acquisition Form - Third Party

         Attachment 4: Tax Information Disclosure Authorization




Page 54 of 60                                                                                          Revised February 13, 2009
EXTRA SPACE FOR HOUSING CREDIT APPLICANTS                 2011 QAP     Hayden House




                        OWNERSHIP ENTITY (check one)      x
                       Majority  Second     Third Owner                                 Name of GP &   Housing Credit       HDAP              Other Programs
       Project Name    Owner      Owner                   Tracking #      # of Units     Parent Org.    Date/Status       Date/Status        Name/Date/Status

                          x
Kearney Court                                                                12        CACFC           NA               Prconstruction   HUD 202




Page 55 of 60
EXTRA SPACE FOR MF BOND APPLICANTS            2011 QAP        Hayden House




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




Page 56 of 60
Other Experience with Affordable Housing Programs                 2011 QAP         Hayden House




                                OWNERSHIP ENTITY (check one)      x
                               Majority  Second     Third Owner                                     Name of GP &     Housing Credit       HDAP               Other Programs
       Project Name            Owner      Owner                   Tracking #          # of Units     Parent Org.      Date/Status       Date/Status         Name/Date/Status

                                 x
Junction City Apartments                                          944018                 24        Jeffrey J. Woda   7/17/95 PIS      N/A             N/A

Kensington Greene          x                                      990046                 41        Jeffrey J. Woda   12/31/01 PIS     12/31/01 PIS    N/A

Lanning House              x                                      980098                 30        Jeffrey J. Woda   12/31/00 PIS     12/31/00 PIS    N/A

Russell's Crossing         x                                      97022                  39        Jeffrey J. Woda   12/1/99 PIS      12/1/99 PIS     N/A

The St. C Courtyard        x                                      960033                 24        Jeffrey J. Woda   8/28/97 PIS      8/28/97 PIS     N/A

Tall Trees                 x                                      970020                 42        Jeffrey J. Woda   10/29/99 PIS     10/29/99 PIS    N/A

Village Square             x                                      960032                 30        Jeffrey J. Woda   6/1/97 PIS       N/A             N/A

Bayberry place             x                                      N/A WV Project         66        Jeffrey J. Woda   9/1/00 PIS       N/A             N/A

Catawba Club               x                                      N/A WV Project         64        Jeffrey J. Woda   12/4/01 PIS      N/A             N/A

Cedar Glen                 x                                      N/A WV Project         49        Jeffrey J. Woda   10/30/00 PIS     N/A             N/A

Dutch Ridge Place          x                                      N/A WV Project         24        Jeffrey J. Woda   8/5/93 PIS       N/A             N/A

Greene Gables              x                                      N/A WV Project         51        Jeffrey J. Woda   12/13/00 PIS     N/A             N/A

Greene Glen                x                                      N/A WV Project         48        Jeffrey J. Woda   9/6/96 PIS       N/A             N/A

Greene Glen II             x                                      N/A WV Project         32        Jeffrey J. Woda   10/23/98 PIS     N/A             N/A

Heathermoor                x                                      N/A WV Project         50        Jeffrey J. Woda   12/28/03 PIS     N/A             N/A

Oakmont Greene             x                                      N/A WV Project         48        Jeffrey J. Woda   10/30/02 PIS     N/A             N/A

St. Paul Terrace           x                                      N/A WV Project         44        Jeffrey J. Woda   12/21/98 PIS     N/A             N/A

Fox Run Crossing           x                                      04-0078                50        Jeffrey J. Woda   11/21/06 PIS     11/21/06 PIS    N/A

Troon Crossing             x                                      04-0075                60        Jeffrey J. Woda   12/28/06 PIS     12/28/06 PIS    N/A

Aspen Greene               x                                      03-0056                24        Jeffrey J. Woda   06/30/06 PIS     06/30/06 PIS    N/A

Patrick Place              x                                      03-0083                48        Jeffrey J. Woda   11/01/05 PIS     11/01/05 PIS    N/A

Ashburn Greene             x                                      02-0039                40        Jeffrey J. Woda   12/29/04 PIS     12/29/04 PIS    N/A

Frankfort Place            x                                      02-0046                20        Jeffrey J. Woda   12/31/04 PIS     12/31/04 PIS    N/A

Laurel Greene              x                                      02-0040                40        Jeffrey J. Woda   08/31/04 PIS     08/31/04 PIS    N/A

Tremont Greene             x                                      02-0037                40        Jeffrey J. Woda   12/28/04 PIS     12/28/04 PIS    N/A

Meadow Glen                x                                      02-0041                50        Jeffrey J. Woda   12/31/04 PIS     12/31/04 PIS    N/A

Cedar Glen II              x                                      N/A WV Project         50        Jeffrey J. Woda   12/18/06 PIS     N/A             N/A

Heritage House             x                                      N/A WV Project         50        Jeffrey J. Woda   12/30/04 PIS     N/A             N/A

Providence Greene II       x                                      N/A WV Project         50        Jeffrey J. Woda   11/27/06 PIS     N/A             N/A

Edward's Crossing II       x                                      N/A WV Project         44        Jeffrey J. Woda   11/30/05 PIS     N/A             N/A

Heathermoor II             x                                      N/A WV Project         32        Jeffrey J. Woda   12/15/05 PIS     N/A             N/A

Oakmont Greene             x                                      N/A WV Project         50        Jeffrey J. Woda   12/23/05 PIS     N/A             N/A




Page 57 of 60
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 Signator - 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

                                                                                    , the
                              AUTHORIZED SIGNATOR                                                              TITLE
        of                                                              a(n) Ohio
                              NAME OF COMPANY                                                  TYPE OF COMPANY


        who acknowledges that he/she is an authorized signator of said company, and did sign the foregoing instrument

        on behalf of                                                    and that the same is his/her free act and deed.
                                                NAME OF COMPANY


        IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal         this ________day of ____________, 20   .




Page 58 of 60
This sheet contains information used for calculating AHFA formulas




Page 59 of 60                                                        Revised February 13, 2009
Page 60 of 60   Revised February 13, 2009

				
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