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					     2009 American Recovery and Reinvestment Act (ARRA) Application
                                                      for Tax Credit Exchange Program (TCEP)
                                                                    Application Instructions
CHFA reserves the right to revise this application or the application process as further directives or guidance is received from the
federal government.


This application for TCEP funds is a spreadsheet application. This application is on Microsoft Office Excel 2003. Attempts to complete the application on earlier versions
of Excel may create errors in the application. The majority of the cells in the application are “read only” cells and cannot be changed. All cells that require input from the
applicant can be accessed. Do not change, or attempt to change, any “read only” cells or the application will be rejected. Do not enter formulas in any cells.



Submit one paper copy of the application, with original signatures and one "electronic" copy either on a disk or via e-mail. The disk should not contain any other files or
information, only the electronic application file.


The worksheets are labeled at the bottom of the screen by individual tabs. The worksheets that need to be completed are: Development Information, Development
Budget, Commercial Budget (if applicable), Development Financing, Unit Mix & Rents, Development Income, Development Expenses, Contractor-Developer Fee Limits.
They should be completed in the order they are listed. The other worksheets will automatically calculate values. A blue line indicates the cell in which information is
required in each worksheet. Red triangles indicate a comment with instructions for completing a particular cell. Missing information will result in incorrect calculation of
TCAP or TCEP funds. Specific information, such as the name of the city or county in which the development is located, must be spelled correctly. “Yes” and “No”
answers to questions asked in the application such as: “Is the Site properly zoned?” must be marked with an “X”, unless specific instructions are given otherwise.

DEVELOPMENT INFORMATION

Starting at the top of the worksheet is a space for „project number‟ please enter your assigned number. After project number, the type of application that was last awarded
and the date submitted must be indicated. The choices are Preliminary Award or Carryover Award. If you are submitting a full Final Application along with a TCEP
request then mark Final Application. Only one of these choices must be indicated. Any information that changes between the submission of the Preliminary award and
Carryover or Final must be reflected on this application and detailed in the project narrative.

Following the type of application, the applicant must indicate the current month's Applicable Percentage Rate (APR) - use the Carryover lock-in amount if applicable. (A
link is provided to obtain the current month's APR).


Lines A. through N. - The information requested here is self-explanatory. Please note that missing or incomplete information will result in an incorrect credit calculation.

Further instructions for Line N.:

Non-competitive applicants must indicate “Tax Exempt Bond Financing” under the column describing the types of programs and financing that apply to the development.


If “Historic Rehabilitation Tax Credits” are indicated a prompt will appear for the applicant to indicate the type of historic credit. Type in “State” for both state and local
historic credits. If the historic credits are federal another prompt will appear for the applicant to indicate the amount of federal historic credit.

Line P. – Total units in cell C110 must equal the total units in the “Unit Mix & Rents” worksheet. A prompt will appear if, after the “Unit Mix & Rents” worksheet has been
completed, those numbers do not match.

DEVELOPMENT BUDGET (for Residential Development Costs Only)

Current budget numbers must be entered under column D of this worksheet and budget numbers from last approved application must be entered in Column G. Columns
A, B, C, E, F and H are “read only”, though selected cells in these columns are not “read only‟ and may be changed by the applicant. These are:

            Cells marked “Other” in Column B under the cost categories



COMMERCIAL BUDGET

This applies to both competitive and non-competitive applications. Any development that contains a retail or commercial component must complete this worksheet.

DEVELOPMENT FINANCING

All applications must include an equity factor (cents on the dollar purchase price for the tax credits). For TCEP only applicants, please use the equity factor that was
approved at preliminary or carryover, which ever is applicable.

Permanent Financing - All preliminary and enforceable financing commitments must be submitted with the application. Include loans, grants, deferred fees and owner
equity. Non-competitive applicants must put the PAB-financed mortgage information in Line 1 under “Permanent Financing”.

Lines 1-8 are for loans only. The source of financing, the amount of the previously approved loans and the amounts of the loan, the interest rate, the term of the loan and
the amortization period MUST be included. The worksheet will then automatically calculate annual debt. Incorrect or incomplete information will result in an incorrect tax
credit calculation and incorrect pro forma calculation.

The application that you have downloaded will already have the words “cash flow” entered in the “Amortization” column. Replace these words with the amortization
period in years for loans that will have monthly debt service payments. Leave the words “cash flow” if the loan is to be paid out of development cash after expenses OR if
there are no loans in the corresponding lines.


Line 9 is for the deferred developer fee. Line 10 is for owner equity from sources other than through the sale of the low-income housing tax credits. Proceeds from the
sale of any other type of tax credit (historic credits), if applicable, should be entered here.

Lines 11-17 are for grants only. If the grants are structured as loans they should be entered in lines 1-7.

After all loans, owner equity and grants are listed, the worksheet will automatically calculate the total amount of funds from sources other than through the sale of tax
credits. This amount will be used in the Gap Calculation on the “Annual Credit Amount" worksheet.


                                                                              Application Instructions
Below the total amount of funds line in Cell F46, enter the amount of TCEP funds requested. In Cell E47 enter the last approved amount of tax credit equity. This number
will not be correct until the "Unit Mix & Rents" worksheet is completed by the applicant.

After the “Unit Mix & Rents” is completed by the applicant return to this worksheet to verify that “Total Funds for Development” equals “Total Development Budget”.

The table to the right is the TCEP Needs Analysis which will automatically populate once the following worksheets are complete: Development Information, Development
Budget, Development Financing, Unit Mix & Rents and Contractor/Developer Fee.

UNIT MIX & RENTS

The income table for the county in which the development is located is calculated at the top of this worksheet. The name of the county must be entered in the
“Development Information” worksheet and the box that the utilities are or are not included in the rents must be checked in order for the income table to be accurate.

After the income table the applicant must enter the utility allowances for the appropriate bedroom sizes. Utility Allowance documentation must be included in the Unit Mix
& Rents tab of the application. If utilities are included in rent, then mark "YES" in cell J19 and do not enter the allowances.

For the Rental Income Table that follows the utility allowances, the applicant must enter the unit square footage in column D, the number of units in column E and the
actual rent in column J. These columns, as well as column C, are the only cells in the worksheet that are not “read only”.

Include Employee units in the low-income units if the intent is to have employees be low-income eligible. Otherwise, include them in the Employee unit category.

After the number of units, unit square footage and units rents are entered, enter the common space square footage in cell D130 and commercial square footage, if any, in
cell D133.

After the number of units, the unit square footage and the rents are entered, the worksheet will calculate the applicable fraction to be used in the tax credit calculation.


DEVELOPMENT INCOME
The applicant must enter miscellaneous monthly income and any annual retail/commercial income on this worksheet. The worksheet will then calculate annual gross
income to be used for the 15 year pro forma.

DEVELOPMENT EXPENSES
The applicant must enter estimated annual operating expenses; assume that lease-up has occurred.

15 YEAR PRO FORMA for TCEP
The calculations in this worksheet will not be correct unless the following worksheets have been completed:
Development Financing
Unit Mix & Rents
Development Income
Development Expenses
All cells are “read only‟ except those corresponding to fees or cash flow notes that are listed after “Cash flow available for distribution”.
Lines 17 and 36 reflect the annual CHFA Asset Management Fee. Please note that these fees only apply when a project has TCEP only funding (no
TCAP or LIHTC)

CONTRACTOR/DEVELOPER FEE LIMITS

Only Cell C4 needs input this worksheet to correctly calculate the allowed contractor and developer fees.

The applicant must indicate whether or not there is an identity of interest regarding the general contractor by answering “Yes” or “No” to the question “Identity of Interest”.
“Identity of Interest” is defined in Section 3.G. of the Allocation Plan. After this question is answered the worksheet will calculate the maximum allowable fees. If the
budgeted fees exceed the allowable fees the amount by which the fees are exceeded will be automatically calculated and that amount will be deducted from eligible basis.


If any of the two fee categories are exceeded, a prompt will appear to indicate the total amount of eligible basis reduction. If neither of the two fee categories is
exceeded, a prompt will appear that indicates that the fees are within the CHFA limits.

ANNUAL CREDIT AMOUNT

This worksheet displays the three calculations that are made to determine the eligible annual federal tax credit amount for the development. The three calculations are:

           1) Qualified Basis Calculation
           2) Gap Calculation
           3) Basis Limit Calculation

The applicant is not required to input any information on this worksheet.

All preceding worksheets must be completed in order for the tax credit calculation to be correct. The annual federal tax credit amount is listed at the bottom of the
worksheet. In addition to the three calculations to determine the Annual Credit Amount the worksheet will calculate the amount of the TCAP or TCEP requested.


SCORING

The Scoring worksheet is the worksheet for calculating the scoring for the development. The calculations for scoring in this worksheet will not be accurate unless the
following worksheets have been completed:

           Development Information
           Unit Mix & Rents

Line 1. of the Primary Selection Criteria - Either A. or B. must be selected. After A. or B. is selected the worksheet will calculate the scoring related to low-income
targeting of the development.

Line 2. of the Primary Selection Criteria - Indicate with an “X” the extended low-income use of the development. Select only one of the five choices. The score will be
automatically calculated.
Line 1. of the Secondary Selection Criteria - Housing Needs Characteristics. The scoring for this section is automatically calculated by the worksheet. The “Development




                                                                             Application Instructions
Application Instructions
                 TCEP Application Checklist




At the time of application submisstion, the following must be included:


Submit one paper copy of the application, with original signatures
and one "electronic" copy either on a disk or via e-mail. The disk
should not contain any other files or information, only the electronic
application file. CHFA will evaluate request for TCEP funds based
on the initial documentation submitted.


Development Narrative: Provide an explanation of the
circumstances leading to the need for TCEP Funds. Include a
timeline of the events occurring since the initial Tax Credit award up
to the projected closing date, and when the project is expected to
place-in-service.


Latest Construction and Permanent financing documents.



Executed Notice of Intent to Return Credit (Please scroll down for template)



Good Faith Effort Certification (Please scorll down for template)



Copy of the Title Commitment



Copy of the Alta Survey - in readable format
                   COLORADO HOUSING AND FINANCE AUTHORITY
                                   Tax Credit Exchange Program


 NOTICE OF INTENT TO RETURN CREDITS AND REQUEST TCEP FUNDS IN
CONNECTION WITH THE SECTION 1602 TAX CREDIT EXCHANGE PROGRAM

Colorado Housing and Finance Authority
1981 Blake Street
Denver, CO 80202

To Whom It May Concern:

_________________________________ (the “Awardee”) was awarded $_____________ in low
income housing tax credits by the Colorado Housing and Finance Authority (“CHFA”), such low
income housing tax credits being referred to herein as the “Credits.” The Awardee, acting by and
through its duly authorized officer or representative, hereby gives notice to CHFA of its intent to return
[all of][$___________ of] the Credits (the “Returned Credits”) to enable CHFA to exchange the
Returned Credits with the U. S. Treasury for cash under the Tax Credit Exchange Program (the “TCEP
Funds”), all as provided for in Section 1602 of the American Recovery and Reinvestment Act
(“ARRA”).

Further, the Awardee intends to request a sub-award of TCEP Funds in the amount of
$________________________ (the “Sub-award”).

The Awardee understands and acknowledges that once it has returned the Returned Credits to CHFA,
all TCEP Funds received by CHFA from the U. S. Treasury will be awarded in accordance with
CHFA’s ARRA Implementation Plan (the “Plan”) and that the return of Returned Credits does not in
any way entitle or guaranty that the Awardee will receeive an award of TCEP Funds. Further, the
Awardee agrees that the information contained in this notice will be relied upon by CHFA to make the
award of TCEP Funds and may not be revised. The Awardee represents and warrants to CHFA that it
has reviewed the above-referenced Plan, has had the opportunity to consult with counsel of its
choosing, and understands the requirements and limitations of the Plan.

                          AWARDEE: ________________________________________

                                        By: __________________________________


                                        Name: _______________________________


                                        Title: ________________________________


                                        Date: _________________________________
     COLORADO HOUSING AND FINANCE AUTHORITY

                   Tax Credit Exchange Program

                Certification of “Good Faith Effort”

A. The Colorado Housing and Finance Authority (“CHFA”) is a “designated
State housing credit agency” within the meaning of the American Recovery and
Reinvestment Act of 2009 (the “Recovery Act”) and has adopted its American
Recovery and Reinvestment Act Implementation Plan (the “Implementation
Plan”) setting forth the policies, rules and procedures that will govern the
operation of the Tax Credit Exchange Program (“TCEP”) whereby CHFA has the
authority to make sub-awards of TCEP funds (“TCEP Funds”) to eligible
applicants for qualified projects.


B. The Recovery Act requires that an applicant for TCEP Funds demonstrate that
it has made “good faith efforts to obtain investment commitments” for the low
income housing tax credits (the “Credits”) that were awarded by CHFA.



The undersigned hereby certifies that, in accordance with the Recovery Act and
the requirements of the Implementation Plan, a “good faith effort” has been made
to obtain investment commitments for the Credits. [Please describe in a narrative
what efforts were made and attach hereto all documentation which provides
evidence of such efforts.]


________________________________________


By: __________________________________

Name: _______________________________

Title: ________________________________
                  Project Number                                   Completed by CHFA Staff
     2009 TCEP Application Version 5.1
      Received Preliminary Award                            Date

       Received Carryover Award                             Date

                    Final Application                       Date

     IMPORTANT! Enter the current month's Applicable Percentage Rate in the box below. The current rate can be
     found at CHFA's website. Click on the address below for the direct link to the current applicable percentages.
     For Final Applications, if the rate was locked at carryover or at bond issuance, enter the lock-in rate.
                                  http://www.chfainfo.com/documents/HCBulletin_1107.pdf


            Enter Current 9% APR In CELL D14                       For PAB-financed or Acquisition /Rehab deals, enter
                                                                              Current 4% APR In CELL I14


        For Final Application Enter Last Building Month/Year Placed in Service Date

     TYPE OF TAX CREDIT                              4% credit                   9% credit

     I. GENERAL DEVELOPMENT INFORMATION (For the census tract number for Cell C25, click on the link below.)
                                                                                 On the left hand side of the US Census home page, there is a link for
     www.factfinder.census.gov/home/saff/main.html?_lang=en                      entering the project address in order to find the census tract #,

 A. Development Name                                                                                                        Congressional District, State
                                                                                                                            House and Senate District
     Site Address                                                                                                           Numbers

     City                                                             County
 B. Census Tract Number                                                          Zip Code
 C. After entering the Census Tract # and the County Name above, the Application will automatically indicate by "Yes" or "No" whether, or not,
                                           Yes                    No       x      the development is located in a Qualified Census Tract (QCT) or
                                                                                  Difficult Development Area (DDA) and will enter "QCT" or "DDA" in
                                                                                  cell F28 to the left if it is located in a QCT or DDA..

 D. State Senate District                                          State House District
    Congressional District
 E. Site Control: Provide two (2) copies of Site Control documentation in the Site Control tab.
    Site Control is in the form of:
                               Deed                  Option                   Lease

 F. Is the Site properly Zoned?                              Yes                           No

     If "Yes", provide evidence in the Zoning Status tab, or if "No", provide a detailed narrative in the Zoning Status tab
     describing the process for re-zoning, including the estimated dates for completion of the re-zoning process.

 G. Are all utilities available for the development?                       Yes                           No
     If NO, provide information, including timeline, on the availability of utilities.




                                                                                     Yes                          No
 H. Are there any environmental issues related to the property?
     If "YES', Please explain. In any case, describe any environmental testing procedures that
     have taken place with the property.




7/28/2011                                                        Development Information                         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
 I.   Provide at least two (2) location maps in the Narrative tab; one showing the site in relation to the local area
      and one showing the site in relation to the city or town in which the development is located.

 J. Total Number of Buildings                         Enter the number of RESIDENTIAL buildings only

 K. Number of Floors in the Tallest Building

 L. Elevator Construction: Answer "Yes" or "No"

 M. Number of Parking Spaces

 N. Project Type                                                                             Yes         No
    New Construction                                          With Federal Assistance?
    Acquisition/Rehabilitation                                With Federal Assistance?
    Substantial Rehabilitation                                With Federal Assistance?

      Please check below all of the programs or types of
      financing that apply to the proposed development.

      No Federal Assistance
      USDA Rural Development Sect. 515
      FHA Insurance-221(d)(3) or (d)(4)
      FHA Insurance-Risk-Sharing
      Tax Exempt Bond Financing
      Taxable Bond Financing
      Project-based Section 8
      McKinney Act Homeless
      Historic Rehabilitation Tax Credits
      Community Development Block Grant
      HOME                                                                       1.0
      HOPE VI
      FHLB Affordable Housing Program
      Tax Credit Assistance Program (TCAP)                                   The Link below will connect you to the current Applicable Federal Rate (AFR)
      Tax Credit Exchange Program (TCEP)                                     http://novoco.com/low_income_housing/facts_figures/federal_rates.php
      Other (please specify)




 O. Type of Units/Housing (Check One)

             Mulitfamily Apartments
                         Townhouse
            Single Family Detached

 P. Targeting of Units
                                          Number of Units        Percent of Total Units
             Assisted Elderly (Only)           0
                          AIDS/HIV             0
                     Special Needs             0
                             Family            0
                          Homeless             0
               Elderly Independent             0
                         Total Units           0                           0%




                                                            End of This Section




7/28/2011                                                     Development Information                    d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                    Development Budget (for Residential Development Costs only)

    PROJECT COSTS:
                                             Proposed Budget    LIHTC Basis Calculation   Last Approved Difference
    Land & Buildings                              Total         4% Credit     9% Credit        Total
              Land                                       $0                                           $0           $0
              Existing Structures                        $0            $0                             $0           $0
              Demolition                                 $0                                           $0           $0
                             Subtotal                    $0            $0           $0                $0           $0
    Site Work
              On Site Work                               $0            $0           $0               $0           $0
              Off Site Work                              $0                                          $0           $0
                             Subtotal                    $0            $0           $0               $0           $0
    Rehab. & New Construction
              New Structures                             $0            $0           $0               $0           $0
              Rehabilitation                             $0            $0           $0               $0           $0
              Accessory Structures                       $0            $0           $0               $0           $0
              General Requirements                       $0            $0           $0               $0           $0
              Contractor Overhead                        $0            $0           $0               $0           $0
              Contractor Profit                          $0            $0           $0               $0           $0
              Construction Contingency                   $0            $0           $0               $0           $0
              Permits                                    $0            $0           $0               $0           $0
              Furn/Fixtures/Equip                        $0            $0           $0               $0           $0
              Davis Bacon Wages                          $0            $0           $0               $0           $0
                             Subtotal                    $0            $0           $0               $0           $0
    Professional Fees
              Architect, Design                          $0            $0           $0               $0           $0
              Architect, Supervision                     $0            $0           $0               $0           $0
              Attorney, Real Estate                      $0            $0           $0               $0           $0
              Consultant/agent                           $0            $0           $0               $0           $0
              Engineer/Surveyor                          $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
                             Subtotal                    $0            $0           $0               $0           $0
    Construction Interim Costs
              Hazard & Liability Insurance               $0            $0           $0               $0           $0
              Builder's Risk Insurance                   $0            $0           $0               $0           $0
              Perform. & Pymt Bonds                      $0            $0           $0               $0           $0
              Credit Report                              $0            $0           $0               $0           $0
              Construction Interest                      $0            $0           $0               $0           $0
              Constr. Origination Fees                   $0            $0           $0               $0           $0
              Mortgagee Fee                              $0            $0           $0               $0           $0
              Tap fees                                   $0            $0           $0               $0           $0
              Inspection fees                            $0            $0           $0               $0           $0
              Title & Recording                          $0            $0           $0               $0           $0
              Legal Fees                                 $0            $0           $0               $0           $0
              Prop. Taxes during const                   $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
              Other (Specify)                            $0            $0           $0               $0           $0
                             Subtotal                    $0            $0           $0               $0           $0




7/28/2011                                             Development Budget         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
    Permanent Financing
               Bond Premium                        $0                                             $0             $0
               Bond Issue 30-day lag reserve       $0                                             $0             $0
               Bond Cost of Issuance               $0                                             $0             $0
               Discount Points                     $0                                             $0             $0
               Perm Loan Origination               $0                                             $0             $0
               Credit Enhancement                  $0                                             $0             $0
               Title & Recording                   $0                                             $0             $0
               Legal Fees                          $0                                             $0             $0
               Prepaid MIP                         $0                                             $0             $0
               Forward Rate Lock                   $0                                             $0             $0
               Other (Specify)                     $0                                             $0             $0
                              Subtotal             $0              $0               $0            $0             $0
    Soft Costs
               Feasibility Study                   $0              $0               $0            $0             $0
               Market Study                        $0              $0               $0            $0             $0
               Environmental Study                 $0              $0               $0            $0             $0
               Tax Credit Fees                     $0                                             $0             $0
               Compliance Fees                     $0                                             $0             $0
               TCEP Asset Mgmt Fee                 $0                                             $0             $0
               TCAP Asset Mgmt Fee                 $0                                             $0             $0
               Cost Certification                  $0              $0               $0            $0             $0
               Appraisal                           $0              $0               $0            $0             $0
               Other (Specify)                     $0              $0               $0            $0             $0
                              Subtotal             $0              $0               $0            $0             $0
    Syndication Costs
               Organization Costs                  $0                                             $0             $0
               Bridge Loan                         $0                                             $0             $0
               Tax Opinion                         $0                                             $0             $0
               Legal Fees                          $0                                             $0             $0
               Other (Specify)                     $0                                             $0             $0
               Other (Specify)                     $0                                             $0             $0
                              Subtotal             $0              $0               $0            $0             $0
    Developer Fees
               Developer Fee                       $0              $0               $0            $0             $0
               Developer Overhead                  $0              $0               $0            $0             $0
               Developer Profit                    $0              $0               $0            $0             $0
               Other (Specify)                     $0              $0               $0            $0             $0
                              Subtotal             $0              $0               $0            $0             $0
    Project Reserves
               Rent-up Reserves                    $0                                             $0             $0
               Operating Reserves                  $0                                             $0             $0
               Replacement Reserves                $0                                             $0             $0
               Other (Specify)                     $0                                             $0             $0
               Other (Specify)                     $0                                             $0             $0
                              Subtotal             $0              $0               $0            $0             $0
                                                          4% Elig Basis 9% Elig Basis
            TOTAL PROJECT COSTS:                   $0              $0               $0            $0             $0




                                          End of This Section




7/28/2011                                        Development Budget             d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            PROJECT COSTS: Commercial

            Land & Buildings                          Total
                       Land                                   $0
                       Existing Structures                    $0
                       Demolition                             $0
                                   Subtotal                   $0
            Site Work
                       On Site Work                           $0
                       Off Site Work                          $0
                                   Subtotal                   $0
            Rehab. & New Construction
                       New Structures                         $0
                       Rehabilitation                         $0
                       Accessory Structures                   $0
                       General Requirements                   $0
                       Contractor Overhead                    $0
                       Contractor Profit                      $0
                       Construction Contingency               $0
                       Other (Specify)                        $0
                       Other (Specify)                        $0
                       Other (Specify)                        $0
                                   Subtotal                   $0
            Professional Fees
                       Architect, Design                      $0
                       Architect, Supervision                 $0
                       Attorney, Real Estate                  $0
                       Consultant/agent                       $0
                       Engineer/Surveyor                      $0
                       Other (Specify)                        $0
                       Other (Specify)                        $0
                       Other-Accounting                       $0
                                   Subtotal                   $0
            Construction Interim Costs
                       Hazard & Liability Insurance           $0
                       Builder's Risk Insurance               $0
                       Perform. & Pymt Bonds                  $0
                       Credit Report                          $0
                       Construction Interest                  $0
                       Constr. Origination Fees               $0
                       Mortgagee Fee                          $0
                       Bond Cost of Issuance                  $0
                       Inspection fees                        $0
                       Title & Recording                      $0
                       Legal Fees                             $0
                       Prop. Taxes during const               $0
                       Other (Specify)                        $0
                       Other (Specify)                        $0
                       Other - City Fees                      $0
                                   Subtotal                   $0




7/28/2011                         Commercial Budget     d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            Permanent Financing
                       Bond Premium                          $0
                       Bond Issue 30-day lag reserve         $0
                       Discount Points                       $0
                       Perm Loan Origination                 $0
                       Credit Enhancement                    $0
                       Title & Recording                     $0
                       Legal Fees                            $0
                       Prepaid MIP                           $0
                       Other (Specify)                       $0
                       Other (Specify)                       $0
                       Other (Specify)                       $0
                                    Subtotal                 $0
            Soft Costs
                       Feasibility Study                     $0
                       Market Study                          $0
                       Environmental Study                   $0
                       Tax Credit Fees                       $0
                       Compliance Fees                       $0
                       Appraisal                             $0
                       Cost Certification                    $0
                       Other (Specify)                       $0
                       Other (Specify)                       $0
                       Other (Specify)                       $0
                                    Subtotal                 $0
            Syndication Costs
                       Organization Costs                    $0
                       Bridge Loan                           $0
                       Tax Opinion                           $0
                       Other (Specify)                       $0
                       Other (Specify)                       $0
                       Other - Accounting                    $0
                                    Subtotal                 $0
            Developer Fees
                       Developer Fee                         $0
                       Developer Overhead                    $0
                       Developer Profit                      $0
                       Other - Specify                       $0
                                    Subtotal                 $0
            Project Reserves
                       Rent-up Reserves                      $0
                       Operating Reserves                    $0
                       Replacement Reserves                  $0
                       Escrows                               $0
                       Other - Specify                       $0
                                    Subtotal                 $0


            TOTAL COMMERCIAL PROJECT COSTS:                  $0


                            End of This Section




7/28/2011                        Commercial Budget     d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                            Development Financing

                                                              Tax Credit Syndication

                                          Previously Approved Federal Equity Factor:                        *
             * State the last approved equity factor in cell G5.

                          Syndicator:
                             Address:
                                 City:                                                  State:
                            Zip Code:
                      Contact Person:                                                  Phone:
                      E-Mail Address:


                                                              Permanent Financing

               List all permanent financing commitments (enforceable commitments
               are defined in Section 3.B. of the Allocation Plan). Include grants,deferred fees and owner equity.
               Copies of all commitments must be provided in the Development Financing Tab of the application.
            DO NOT INCLUDE THE EQUITY TO BE RAISED BY THE SALE OF THE TAX CREDITS IN THE LIST BELOW.

                        Source of Financing              Previously      Current       Interest   Term of   Amortization
                                                         Approved       Amount of
                            Loans Only                     Funds         Funds          Rate       Loan          (Years)    Annual Debt
             1                                                                                                  cash flow
             2                                                                                                  cash flow
             3                                                                                                  cash flow
             4                                                                                                  cash flow
             5                                                                                                  cash flow
             6                                                                                                  cash flow
             7                                                                                                  cash flow
             8                                                                                                  cash flow
             9        Deferred Developer Fee
            10          Other Owner Equity
                 Source of Financing                     Amount          Amount
                               Grants Only               of Funds        of Funds
            11
            12
            13
            14
            15
            16
            17
                 Total Amount of Funds from                                                                 Total Annual
                 sources other than tax credits             $0              $0                                  Debt             $0
                 TCEP Funds Requested to Fill the Gap:                      $0
                 Enter Previous Tax Credit Equity
                 Total Funds for Development                $0              $0
                 Total Development Budget                   $0              $0




7/28/2011                                                             Development Financing                             d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                   TCEP NEEDS ANALYSIS (for Staff Use)

                                             DEFERRED DEVELOPER FEE
                                                      Previously Approved Developer Fee:                         $0
                                                        TCEP Application Developer Fee:                          $0
            Amount Above/Below Previoulsy Approved Dev Fee:                                                     $0

                                           DEFERRED DEVELOPER FEE TEST
                                              Previously Approved Deferred Developer Fee:                        $0
                                                TCEP Application Deferred Developer Fee:                         $0
            Amount Above/Below Previoulsy Approved Deferred Developer Fee:                                      $0

                                               PERMANENT DEBT TEST
                                                           Previous Approved Perm Debt:                          $0
                                                       TCEP Application Permanent Debt:                          $0
                               Amount Above/Below Previoulsy Approved Permanent Debt:                           $0

                                            DEVELOPMENT BUDGET TEST
                                                Previously Approved Development Budget:                         $0
                                                   TCEP Application Development Budget:                         $0
                                   Amount Above/Below Previously Approved Dev Budget:                           $0


                                                  SOFT FUNDS TEST
                                                         Previously Approved Soft Funds:                         $0
                                                            TCEP Application Soft Funds:                         $0
                                    Amount Above/Below Previously Approved Soft Funds:                          $0

                                             OTHER OWNER EQUITY TEST
                                            Previously Approved Other Owner Equity Funds:                        $0
                                                             TCEP Application Soft Funds:                        $0
                                    Amount Above/Below Previously Approved Soft Funds:                          $0


                                                          85% TEST
                                                                             Eligible Basis:        #VALUE!
                                                                   85% Eligible Basis Test:         #VALUE!
                                                           Amount Exceeding the 85% Test:           #VALUE!




                                               SUB-AWARD FRACTION TEST
                                                        1. 85% Eligible Basis Limit Cap Test:
                                                             TCEP Application Eligible Basis:      #VALUE!
                                                  Eligible Basis Maximum 85% Test Amount:          #VALUE!
                                                           Amount Exceeding the 85% Test:          #VALUE!

                                                      2. Applicable Fraction Maxium Cap Test:
                                                          TCEP Application Applicable Fraction:              0.000%
                                      Eligible Basis Maximum Applicable Fraction Test Amount:               #VALUE!
                                                   Applicable Fraction Below 85% (Yes or No)?:        Yes

                                                         NEEDS TEST
                                                             Previous Approved Equity Price:                    0.00
                                                                    Previous Est. TC Equity:                      $0
                                                                                                             #DIV/0!

                                                                     TCEP Funds Applied For:                 $0
                                                   Previously Approved Annual Credit Amount:             #DIV/0!
                                                          TCEP App Equity Price Equivalent:              #DIV/0!
                              Amount Above/Below Previoulsy Approved Tax Credit Equity:                  #DIV/0!
                                            MAXIMUM SUB-AWARD FRACTION ALLOWED:                            $0
                                        MAXIMUM SUB-AWARD Subject to CHFA Approval:                   #VALUE!
                              Amount Above/Below Previously Approved Tax Credit Equity:               #VALUE!



7/28/2011                                           Development Financing                         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                           Unit Mix & Rents

            TABLE ILLUSTRATING 2008 MEDIAN INCOMES:                   0
               # of                  % of Median Income for Area
            Persons        120%        100%       80%        65%          60%     50%         40%         30%

            1 Person       #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            2 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            3 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            4 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            5 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            6 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A

            7 Persons      #N/A        #N/A       #N/A      #N/A          #N/A    #N/A       #N/A        #N/A



            In order to complete the "Unit Mix & Rents" section, it is necessary to complete the
            Tenant Utility Information below. Documentation of the source and the effective date of the
            information must be included in the Unit Mix & Rents tab.
            Utility Allowance by Bedroom Size:
              0 bedroom        $                      3 bedroom         $                      Do Rents Include Utilities?
              1 bedroom        $                      4 bedroom         $                  Yes
              2 bedroom        $                      5 bedroom         $                   No




            For the Rental Income Table below, the applicant must enter unit square footage in Column D, number
            of units in Column E and Actual Rent in Column J.


                                        Unit              Projected       Max.    Less       Max.        Actual    Monthly    Total
            Income         Type of      Size      # of     Income         Gross   Utility   Adjusted     Rent       Rent      Annual
            Level            Unit     (sq. ft.)   Units     Limit         Rent    Allow.     Rent       per Unit   per S.F.    Rent


       30% of Area      0-Bd; 1 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
            Median      1-Bd; 1 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
            Income      1-Bd; 1 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        2-Bd; 1 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        2-Bd; 1 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        2-Bd; 2 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        2-Bd; 2 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        3-Bd; 2 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        3-Bd; 2 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                        4-Bd; 2 Ba       0         0         $0            $0      $0         $0          $0       $0.00       $0
                           Total 30% AMI units     0




7/28/2011                                                      Unit Mix and Rents                   d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                    Unit              Projected   Max.    Less       Max.        Actual    Monthly    Total
                        Type of     Size      # of     Income     Gross   Utility   Adjusted     Rent       Rent      Annual
            Level         Unit    (sq. ft.)   Units     Limit     Rent    Allow.     Rent       per Unit   per S.F.    Rent


       40% of Area   0-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Median   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Income   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     4-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                        Total 40% AMI units    0
                                    Unit              Projected   Max.    Less       Max.        Actual    Monthly    Total
            Income      Type of     Size      # of     Income     Gross   Utility   Adjusted     Rent       Rent      Annual
            Level         Unit    (sq. ft.)   Units     Limit     Rent    Allow.     Rent       per Unit   per S.F.    Rent


       50% of Area   0-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Median   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Income   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     4-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                        Total 50% AMI units    0
                                    Unit              Projected   Max.    Less       Max.        Actual    Monthly    Total
            Income      Type of     Size      # of     Income     Gross   Utility   Adjusted     Rent       Rent      Annual
            Level         Unit    (sq. ft.)   Units     Limit     Rent    Allow.     Rent       per Unit   per S.F.    Rent


       60% of Area   0-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Median   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
            Income   1-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 1 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                     4-Bd; 2 Ba      0         0         $0        $0      $0         $0          $0       $0.00       $0
                        Total 60% AMI units    0
                                    Unit              Projected   Max.    Less       Max.        Actual    Monthly    Total
            Income      Type of     Size      # of     Income     Gross   Utility   Adjusted     Rent       Rent      Annual
            Level         Unit    (sq. ft.)   Units     Limit     Rent    Allow.     Rent       per Unit   per S.F.    Rent


       Employee      1-Bd; 1 Ba      0         0         NA        NA      NA         NA          $0       $0.00       $0
            Units    2-Bd; 1 Ba      0         0         NA        NA      NA         NA          $0       $0.00       $0
                     2-Bd; 2 Ba      0         0         NA        NA      NA         NA          $0       $0.00       $0
                     3-Bd; 2 Ba      0         0         NA        NA      NA         NA          $0       $0.00       $0
                       Total Employee units    0




7/28/2011                                                  Unit Mix and Rents               d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                          Unit                  Projected     Max.         Less        Max.           Actual    Monthly      Total
            Income         Type of        Size         # of      Income       Gross        Utility   Adjusted         Rent        Rent       Annual
            Level              Unit      (sq. ft.)     Units      Limit       Rent         Allow.      Rent       per Unit       per S.F.     Rent


            Market      0-Bd; 1 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
            Rate        1-Bd; 1 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
            Units       1-Bd; 1 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        2-Bd; 1 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        2-Bd; 1 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        2-Bd; 2 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        2-Bd; 2 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        3-Bd; 2 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        3-Bd; 2 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                        4-Bd; 2 Ba          0           0          NA           NA          NA          NA             $0        $0.00        $0
                         Total market rate units        0                                                                Total Unit Income    $0


            Total Residential S. F.         0           0      Total Units


            Total Low-Income                0           0      Total Low-Income
            Square Footage                                     Units


            Total Employee                  0           0      Total Employee
            Unit Sq. Footage                                   Units


            Total Market Rate               0           0      Total Market
            Unit Sq. Footage                                   Rate Units

            Common Space S.F.

            Commercial Space
            Square Footage
                                                                                                        Lowest Applicable Fraction
            Square Footage                           Low Income Units                                  for calculating credit amount
            Applicable Fraction             0         Applicable Fraction       0                                     0.00%



            Total # of 0 bedroom units                  0                            Total Development Square Footage               0
            Total # of 1 bedroom units                  0
            Total # of 2 bedroom units                  0
            Total # of 3 bedroom units                  0
            Total # of 4 bedroom units                  0




                         Low-Income Units                                                             Market Rate Units
            Total # of 0 bedroom units                  0                                Total # of 0 bedroom units                 0
            Total # of 1 bedroom units                  0                                Total # of 1 bedroom units                 0
            Total # of 2 bedroom units                  0                                Total # of 2 bedroom units                 0
            Total # of 3 bedroom units                  0                                Total # of 3 bedroom units                 0
            Total # of 4 bedroom units                  0                                Total # of 4 bedroom units                 0




                                                         End of This Section




7/28/2011                                                              Unit Mix and Rents                     d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                 Development Income

      Miscellaneous Monthly Income:

      Laundry Revenue         $0.00            Revenue/Unit/Month
      Parking Revenue         $0.00            Revenue/Unit/Month
      Other (specify)         $0.00            Revenue/Unit/Month
      Other (specify)         $0.00            Revenue/Unit/Month

                  Total Annual Miscellaneous Income      $0
                          Total Annual Rental Income     $0
                     Total Annual Residential Income     $0
                              7% Vacancy Allowance       $0
                      Total Residential Gross Income     $0

               Total Annual Retail/Commercial Income     $0
                              10% Vacancy Allowance      $0
                Total Retail/Commercial Gross Income     $0

                                 Total Gross Income      $0


                             End of This Section




7/28/2011                                   Development Income      d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                         Annual Operating Expenses
                (Estimated annual operating expenses as of the end of the first full year of operation)

      Administration                                              Operations
                                 Residential    Commercial                                   Residential       Commercial
      Accounting                           $0            $0       Fuel (Heat/Water)                    $0              $0
      Advertising                          $0            $0       Electricity                          $0              $0
      Legal                                $0            $0       Water & Sewer                        $0              $0
      Leased Equipment                     $0            $0       Gas                                  $0              $0
      Management Fees                      $0            $0       Trash                                $0              $0
      Management Salaries                  $0            $0       Security                             $0              $0
      Management Payroll Tax               $0            $0       Cable                                $0              $0
      Model Apartment                      $0            $0       Other (Specify)                      $0              $0
      Office Supplies                      $0            $0       Other (Specify)                      $0              $0
      Telephone                            $0            $0       Other (Specify)                      $0              $0
      Other (Specify)                      $0            $0       Other (Specify)                      $0              $0
      Other (Specify)                      $0            $0       Total Operations                     $0              $0
      Other (Specify)                      $0            $0
      Total Administration                 $0            $0



      Maintenance                                                 Fixed Expenses

                                 Residential    Commercial                                   Residential       Commercial
      Elevator                             $0            $0       Real Estate Taxes                    $0              $0
      Extermination                        $0            $0       Payment in Lieu of Taxes             $0              $0
      Grounds                              $0            $0       Other Tax Assessments                $0              $0
      Repairs                              $0            $0       Insurance                            $0              $0
      Maintenance Salaries                 $0            $0       Payroll Tax                          $0              $0
      Maintenance Supplies                 $0            $0       Other (Specify)                      $0              $0
      Contracts                            $0            $0       Other (Specify)                      $0              $0
      Other (Specify)                      $0            $0       Total Fixed Expenses                 $0              $0
      Other (Specify)                      $0            $0
      Total Maintenance                    $0            $0



      Total Annual Residential                                    Total Number of Units                    0
      Operating Expenses                   $0                     Per Unit Per Annum              #DIV/0!


      Total Annual Commercial                                                   #DIV/0!
      Operating Expenses                   $0


      Total Annual Expenses                $0


      Total Per Unit Annual
      Replacement Reserves                 $0   Minimum Replacement Reserve is $300/unit
       x total # of units                  $0

                                                             End of This Section




7/28/2011                                                     Development Expenses                    d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                            TCEP Pro Forma
                                            (Year 1 of this Pro Forma assumes full lease-up)

                            Year 1     Year 2         Year 3         Year 4        Year 5         Year 6      Year 7     Year 8
  Effective Gross Income          $0         $0             $0             $0            $0             $0          $0         $0
  Total Project Expenses          $0         $0             $0             $0            $0             $0          $0         $0
  Net Operating Income            $0         $0             $0             $0            $0             $0          $0         $0
      First Mortgage              $0         $0             $0             $0            $0             $0          $0         $0
     Second Mortgage              $0         $0             $0             $0            $0             $0          $0         $0
      Third Mortgage              $0         $0             $0             $0            $0             $0          $0         $0
  Net Project Cash Flow           $0         $0             $0             $0            $0             $0          $0         $0
   Debt Coverage Ratio      #DIV/0!    #DIV/0!        #DIV/0!        #DIV/0!       #DIV/0!        #DIV/0!     #DIV/0!    #DIV/0!

   Cash Flow available
       for distribution           $0          $0             $0             $0            $0            $0          $0         $0
  Partnership Mgt. Fees           $0          $0             $0             $0            $0            $0          $0         $0
      Asset Mgt. Fees         $3,000      $3,090         $3,183         $3,278        $3,377        $3,478      $3,582     $3,690
     Cash Flow Notes              $0          $0             $0             $0            $0            $0          $0         $0
   Cash Flow Available
  after above obligations    -$3,000     -$3,090        -$3,183        -$3,278       -$3,377        -$3,478    -$3,582    -$3,690


                            Year 9     Year 10        Year 11       Year 12        Year 13        Year 14     Year 15
  Effective Gross Income          $0         $0             $0            $0             $0             $0          $0
  Total Project Expenses          $0         $0             $0            $0             $0             $0          $0
  Net Operating Income            $0         $0             $0            $0             $0             $0          $0
      First Mortgage              $0         $0             $0            $0             $0             $0          $0
     Second Mortgage              $0         $0             $0            $0             $0             $0          $0
      Third Mortgage              $0         $0             $0            $0             $0             $0          $0
  Net Project Cash Flow           $0         $0             $0            $0             $0             $0          $0
   Debt Coverage Ratio      #DIV/0!    #DIV/0!        #DIV/0!       #DIV/0!        #DIV/0!        #DIV/0!     #DIV/0!

   Cash Flow available
       for distribution           $0          $0             $0             $0            $0            $0          $0
  Partnerhsip Mgt. Fees           $0          $0             $0             $0            $0            $0          $0
      Asset Mgt. Fees         $3,800      $3,914         $4,032         $4,153        $4,277        $4,406      $4,538
     Cash Flow Notes              $0          $0             $0             $0            $0            $0          $0
   Cash Flow Available
  after above obligations    -$3,800     -$3,914        -$4,032        -$4,153       -$4,277        -$4,406    -$4,538


                                        Deferred Developer Fee Underwriting Criteria

                                          $0       Deferred Developer Fee


                                       -$34,392 10 yr. cash flow available after obligations
                                                   Payable?       True or False
                                       -$55,797 15 yr. cash flow available after obligations
                                                   Payable?       True or False




                                                End of This Section




7/28/2011                                               15 Year Pro Forma                      d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                   Contractor/Developer Fee Limits

             Builder's Profit & Overhead as a Percent of Hard Construction Costs
                        Identity of Interest? Yes/No
            (See Section 3.F. of the Allocation Plan for the definition of Identity of Interest)
                                      # of Units
            With Identity                  0            Maximum % Allowed:         0%
            Without Identity               0            Maximum % Allowed:         0%
            Contractor Fees:
                 Overhead                                        $0
                 Profit                                          $0

            TOTAL Contractor Fees:                               $0
            Other Costs:
               New Structures/Rehabilitation                     $0
               On-Site Work                                      $0
               Contingency                                       $0
               Accessory Structures                              $0
            Total Costs for calculating
            Contractor Fees:                                     $0
            Max Allowable Contractor Fees:                       $0
            Amount of Eligible Basis Reduction:                  $0

            Aggregate Developer Fee, Overhead, Consultant Fee Limits


            Total Units:                  0             Maximum % Allowed:         15%


            Total Project Costs                                  $0
             Less Reduction from Above                           $0
             Less Land                                           $0
             Less Developer Fee Category                         $0
             Less Consultant Fees                                $0
             Less Project Reserves                               $0
            Total Costs for calculating
            Developer Fees:                                      $0
            ALLOWABLE Developer Fees:                            $0
            Budgeted Developer Fee:                              $0

            Amount of Eligible Basis Reduction:                  $0


                                                                 $0
                                Contractor and Developer Fees are within the CHFA limits

                                                         End of This Section




7/28/2011                                            Contractor-Developer Fee Limits         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                        Determination of Annual Federal Tax Credit Amount

                       Method One: Qualified Basis Calculation
                       Eligible Basis from Development Budget                                                                                             FALSE
                       Basis reduction from Fee Worksheet                                                                                                    $0
                       Federal Historical Tax Credits reduced from Basis                                                                                     $0
                       HOME Funds reduced from Basis                                                                                                         $0
                                                                                                                        Total Eligible Basis                 $0

      Total Eligible         QCT or DDA                 Adjusted               Applicable             Qualified              Applicable           Annual Credit
            Basis          Not Applicable=1.0        Eligible Basis             Fraction                Basis                Percentage


         FALSE         x          1.0           =          $0            x       0.00%         =          $0            x       0.00%         =         $0
       Acquisition           QCT or DDA             Not Eligible for           Applicable             Qualified              Applicable             Acquisition
            Basis           Not Applicable          Adjusted Basis              Fraction                Basis                Percentage               Credit

      Not Applicable   x          1.0                                    x    Not Applicable   =    Not Applicable          Not Applicable    =         $0


                                                                                                        Total Basis Annual Credit             =        $0

                       Method Two: Gap Calculation

                                                       Total Uses             Total Funds                Gap                Equity Factor         Annual Credit
                                                           $0            -         $0          =          $0                  $0.0000         =      #DIV/0!




                       Method Three: Basis Limit Calculation

                                                                                Number               Basis Limit             Total Adjusted
                                                                                of Units               per Unit              Eligible Basis
                                                    0 bedroom                       0                           #N/A             #N/A
                                                    1 bedroom                       0                           #N/A             #N/A
                                                    2 bedroom                       0                           #N/A             #N/A
                                                    3 bedroom                       0                           #N/A             #N/A
                                                    4 bedroom                       0                           #N/A             #N/A
                                                                                                                                 #N/A


                            Total Adjusted            QCT or DDA               Applicable          Adjusted Qualified        Applicable           Adjusted Annual
                            Eligible Basis          Not Applicable=1.0          Fraction                Basis                Percentage               Credit
                                 #N/A           x          1.0           x       0.00%         =         #N/A           x      0.00%          =       #N/A

                                             Maximum Credit Award as per Section II.F. of the Allocation Plan:                                    $1,100,000

                             Based on the calculations performed above and the maximum award available,
                             this development is eligible for a total Annual Federal Credit in the amount of :

                                                                                    FALSE




                                                                       End of This Section


7/28/2011                                                                    Annual Credit Amount                           d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                            Scoring
                                                    Section 1: Primary Selection Criteria
            1. Low Income Targeting: Either A. or B. Threshold must be selected below.
                           See Section 5.A.1. of the Allocation Plan for CHFA requirements under this Critieria.

                                     A. Threshold: 40% at 60% of Area Median Income


            % of Median Income       # of Rent Restricted Units   % of Rent Restricted Units          Weight        Points
                     60%                                                                               40
                     50%                                                                               60
                     40%                                                                               80


            Total Restricted Units                                                                       Points
                                         Additional points for counties under $46,750 area median income
                                                                                                 Total Points         0


                                     B. Threshold: 20% at 50% of Area Median Income


            % of Median Income       # of Rent Restricted Units   % of Rent Restricted Units          Weight        Points
                     50%                                                                               60
                     40%                                                                               80


            Total Restricted Units                                                                    Points
                                         Additional points for counties under $46,750 area median income
                                                                                                 Total Points         0



                                     C. Targeting 30% of area median income (See Section 5.A.1.c. of the Allocation
                                       Plan for eligibility requirements for making this selection)

                                         Very, Very Low-Income Targeting (Select Only One)
                                                                                                                    Points
                                     10% of Total Units at, or below, 30% of area median income                       0
                                     20% of Total Units at, or below, 30% of area median income                       0
                                     30% of Total Units at, or below, 30% of area median income                       0
                                                                                                  Total Points        0


                                                                      Total Points for Low Income Targeting           0


            2. Extended Low-Income Use (Select only one below.)

                                 Selection                    Extended Use Period                     Points
                                                     15 Years Compliance + 5 Year Waiver                0
                                                    15 Years Compliance + 10 Year Waiver                0
                                                    15 Years Compliance + 15 Year Waiver                0
                                                    15 Years Compliance + 20 Year Waiver                0
                                                    15 Years Compliance + 25 Year Waiver                0
                                                                                  Total Points          0




7/28/2011                                                                     Scoring                             d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            3. Developments in a Qualified Census Tract

                             See Section 5.A.3. of the Allocation Plan for CHFA requirements under this Critieria.
            Selection                                         Criteria                                                      Points
                                                                                                                              0
                        a. Developments located in a qualified census tract, the development of which contributes to
                          a concerted Community Revitalization Plan. (A community revitalization plan is defined in
                                                   Section 5.A.3. of the Allocation Plan)
                                                                                                            Total Points      0


                                                 Section 2: Secondary Selection Criteria

            1. Housing Needs Characteristics

                        See Section 5.B.1. of the Allocation Plan for CHFA requirements under this Critieria.
                         Score related to Household Percentage below 51% AMI with Housing Problems                 (the
                                  points from the C1 table are automatically calculated for cell E73 below)
                                                 Points             #N/A

                                     Score related to the number of All Householdswith Housing Problems
                                  ( the points for the C2 table are automatically calculated for cell E77 below)
                                                    Points          #N/A


            2. Development Location

                        See Section 5.B.2. of the Allocation Plan for CHFA requirements under this Critieria.


            Selection                                         Criteria                                                      Points
                        a. 'Development is located in a community that has an identified community                            0
                        housing priority; e.g. supporting a local, regional or state plan, a neighbor-
                        hood plan, a CHAS or some other community-sponsored needs assess-
                        ment, master plan, etc.. Applicant must provide evidence clearly demon-
                        strating the development fits into the community's needs.
                                                                                                           Total Points       0


            3. Development Characteristics

            Selection                                         Criteria                                                      Points
                        a. 'Development that provides housing for a mix of incomes by having no                               0
                        more than 70% tax credit-eligible units


                        b. Developments of 50 or less total units                                                             0


                        c. Rehabiltation of blighted buildings OR locally or federally designated                             0
                        historic structures. See Section 5.B.3.c. of the Allocation Plan for the
                        definition of "blighted buildings".
                        d. Acquisition/ Rehabilitation of a Preservation Development.                                         0
                        See Section 5.B.3.d. of the Allocation Plan for the definition of a
                        "Preservation Development".
                                                                                                                              0
                        e. Rehabilitation of developments in an area that is part of a Community
                        Revitalization Plan. Points awarded only if not receiving points under Section
                        5.A.3. of the Allocation Plan. (A community revitalization plan is defined in
                        Section 5.A.3. of the Allocation Plan)
                                                                                                             Total Points     0




7/28/2011                                                                   Scoring                         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            4. Applicant Characteristics
            Selection                                                  Criteria                                                                  Score
                            a. Applicant is a Colorado-based tax-exempt organization having an                                                      0
                            express purpose of fostering low-income housing or a Colorado public
                            housing authority. The applicant is the one and only owner of the develop-
                            ment and will remain as the one and only general partner (either itself or
                            through its or a related subsidiary). The applicant will, from the time of
                            application through the compliance period, materially participate 1 in the
                            development and operation of the development. The applicant is required
                            to complete the following tab labeled "Non-Profit Questionnaire".
                                                                                                                             Total Points           0




            5. Tenant Population with Special Housing Needs

                Selection                                              Criteria                                                                  Score
                            a. Homeless3 (Minimum of 33% of total units set-aside for Homeless)                                                     0


                            b. Supportive Housing for non-elderly Special Needs Tenants                                                             0


                                                                                                                            Total Points            0




            6. Subsidized Housing Waiting Lists

                Selection                                              Criteria                                                                  Score


                            a. Subsidized Housing Waiting List                                                                                      0




                                                                                            APPLICATION TOTAL POINTS                             #N/A
            x
            1
             Materially participate is defined in Section 469(h) of the Code as “involved in the operation of the activity on a basis which is regular, continuous and
            substantial”.
            2
              Significant participation by a developer (either for-profit or non-profit) that has been responsible for the construction, completion and placement in service
            of a multi-family rental housing development. In order to receive points under this category, the application must include historical operating expense data
            for all multi-family housing developments that the developer has placed in service.

            3
             Eligible Individual or Family (under Section 42 of the tax Code) who: a) Lacks a fixed, regular and adequate nighttime residence; and b) Has a primary
            nighttime residence that is: 1) A supervised publicly or privately operated shelter designed to provide temporary living accommodations (including welfare
            hotels, congregate shelters, and transitional housing); 2) An institution that provides a temporary residence for individuals intended to be institutionalized;
            or 3) A public or private place not designed for, or ordinarily used as a regular sleeping accommodation for human beings. The term “Homeless Individual”
            does not include any individual imprisoned or otherwise detained under an Act of the Congress or a State law.



                                                           End of This Section




7/28/2011                                                                              Scoring                              d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                                  Applicant Information

                 The applicant must either be a legal entity or individual who is, or will be, a principal in the General
                 Partnership. The General Partnership does not have to be formed at Preliminary or Carryover Application.


            A.                               Applicant:

                                               Address:

                                                     City:

                                                   State:

                                              Zip Code:

                            Taxpayer I.D. Number:
                                     Contact Person:

                                      Phone Number:

                                         FAX Number:

                                     E-mail Address:

            B. The General Partner is, or will be a:
                                                                           Non-Profit Corporation
                                                                           For-Profit Corporation
                                                                           Public Housing Authority
                                                                           Individual
                                                                           Local Government
                                                                           Other (specify)

                 Non-Profit Corporation must include the following material in "Scoring" Tab (#13) of the application:
                 Articles of Incorporation, IRS 501(c)(3)or 501(c)(4) status letter, non-profit Certificate of
                 Incorporation and Certificate of Good Standing from the Secretary of State and the completed
                 and signed Non-Profit Questionnaire (Exhibit C of the Application).


            C. Has the applicant, or other principals of the development's ownership entity, previously
               received tax credits in Colorado?                      Yes                     No


                 If "Yes", indicate development
                 name and year. Please attach
                 sheets as necessary.


                 Has the applicant, or other principals of the development's ownership entity, previously
                 received tax credits in other states?                  Yes                     No

                 If "Yes", which year(s)?


                                                                                                             Yes              No
                 Has the applicant placed any developments in service?
                 If "Yes", who is/are the limited partners using the credits?

                                 Name
                               Address
                                   City                                           State                                     Zip Code


                                 Name
                               Address
                                   City                                           State                                     Zip Code


                                 Name
                               Address
                                   City                                           State                                     Zip Code




7/28/2011                                                         Applicant Info - Development Team                                d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                     Development Team Experience


            1. Development Name:

            2. Applicant Name:

            Describe experience in successful development of low-income housing (attach list of names and addresses of
            low-income housing developments):




            3. Name of General Partner:
            Partnership Tax Identification #:
            Partnership Contact Person:
            Telephone Number                                                   Fax Number

            Describe experience in successful development of low-income housing (attach list of names and addresses of
            low-income housing developments):




            4. Name of Developer:
            Address:
            City:                                                          State                       Zip Code
            Developer Tax Identification #:
            Developer Contact Person:
            Telephone Number                                                   Fax Number

            Describe experience in successful development of multi-family housing (attach list of names and addresses of
            multi-family housing developments):




            5. Name of Contractor:
            Address:
            City:                                                          State                       Zip Code
            Contractor Tax Identification #:
            Contractor Contact Person:
            Telephone Number                                                   Fax Number

            Describe experience in successful development of multi-family housing (attach list of names and addresses of
            multi-family housing developments):




            6. Name of Management Co.:
            Address:
            City:                                                          State                       Zip Code
            Management Co. Tax I.D. #:
            Management Co. Contact Person:
            Telephone Number                                                   Fax Number

            Describe experience in successful management of low-income housing tax credit project(s) - (attach list of names
            and addresses of low-income housing tax credit developments):




7/28/2011                                           Applicant Info - Development Team              d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            7. Name of Consultant:
            Address:
            City:                                                              State                        Zip Code
            Consultant Tax I.D. #:
            Contact Person (if different):
            Telephone Number                                                           Fax Number

            Describe experience in successful development of low-income housing tax credit project(s) - (attach list of names
            and addresses of low-income housing tax credit developments):




            8. Name of Tax Attorney Firm:
            Address:
            City:                                                              State                        Zip Code
            Firm Tax I.D. #:
            Contact Person:
            Telephone Number:                                                          Fax Number

            Describe experience in successful development of low-income housing tax credit project(s) - (attach list of names
            and addresses of low-income housing tax credit developments):




            9. Name of CPA Firm:
            Address:
            City:                                                              State                        Zip Code
            Firm Tax I.D. #:
            Contact Person:
            Telephone Number:                                                          Fax Number

            Describe experience in successful development of low-income housing tax credit project(s) - (attach list of names
            and addresses of low-income housing tax credit developments):




            Do any members of the development team have any direct or indirect, financial or other interest with any of the
            other development team members, including owners' interest in the construction company or in any of the
            subcontractors to be used?
                                             Yes                    No

            If yes, describe the level of participation and/or relationship of each:




            Describe any default, disposition of or status of default, foreclosure or findings of non-compliance for any of the
            developments listed on attachments. Use an additional sheet of paper if necessary.




                                                          End of This Section




7/28/2011                                              Applicant Info - Development Team               d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                       Non-Profit Questionnaire

                 The purposes of this questionnaire are as follows:

        A. To provide information required to determine if an applicant is eligible for tax credits from the 10% set-aside of
           the annual state tax credit ceiling under Section 42(h)(5) of the Internal Revenue Code for developments
           produced by qualified non-profit organizations.

        B. To provide information to determine if an application is eligible for points under Item 4a of the Scoring Criteria
           worksheet, regarding "ownership by a Colorado tax-exempt organization, or public housing authority, with an
           express purpose of fostering low-income housing".

                 Please answer every question or indicate if not applicable. Use additional sheets if necessary.

            1.   GENERAL INFORMATION
            a.   Name of Development                                                                                                               0
            b.   Name of ownership entity
            c.   Name of participating non-profit
                         or public housing authority

                        Legal Status:                         501(c)(3)
                                                              501(c)(4)
                                                              tax-exempt under 501(a)
                                                              public housing authority
                                                              other (specify)

            d. If the non-profit or public housing authority willl participate through a related subsidiary entity, enter the name
                 of such entity.

                        Legal Status:                         501(c)(3)
                                                              501(c)(4)
                                                              tax-exempt under 501(a)
                                                              public housing authority
                                                              other (specify)


            2. Does the applicant intend to request an allocation of tax credits from the non-profit set-aside portion of the state
               credit ceiling under Section 42(h)(5)? Mark "Yes" if claiming points under 4a of the Development Selection Criteria
                                                            Yes              No

            3. Is the non-profit or PHA assured of owning an interest in the development throughout the compliance period?
                                                          Yes             No

                 a. List all the general partners of the ownership entity and the percentages of their interest:




                 b. Describe in detail the non-profit or PHA ownership interest:




            4. Describe the non-profit or PHA material participation in the development:




            5. Describe the non-profit or PHA material participation in the operation of the development throughout the
               extended use period:




7/28/2011                                                              Non Profit Questionnaire                      d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            6. Will the non-profit or PHA be contributing funds to the development?
                                                            Yes           No
               If yes, explain:




            7. Will the non-profit or PHA receive any part of the development or management fees paid in connection with
               the development?
                                                           Yes           No
                                      If yes, explain:




            8. How many full-time staff members does the non-profit or PHA have? (please specify):

              Describe the type and extent of their activities:


            9. The non-profit may not be affiliated with, or controlled by, any for-profit organization.
                   a. Has any for-profit entity (including the owner of the development or any entity directly or indirectly
                      related to such owner) appointed any directors to the governing board of the non-profit?
                                                             Yes            No
                                    If yes, explain:




                   b. Does the non-profit have any financial arrangements with any individual(s) of for-profit entity,
                      including anyone or any entity related, directly or indirectly, to the owner of the development?
                                                           Yes              No
                                    If yes, explain:




                   c. Disclose any business or personal (including family) relationships that any of the staff members,
                      directors or other principals involved in the formation or operation of the non-profit have, either directly
                      or indirectly, with any persons or entities involved or to be involved in the development on a for-profit
                      basis including, but not limited to, the owner of the development, any of its for-profit general partners,
                       employees, limited partners or any other parties directly or indirectly related to such owner:




        10. The non-profit or PHA may not have been formed by any individual(s) or for-profit entity for the principal purpose
            of being included in the non-profit set-aside or earning points under the Development Selection Criteria.

              a. Date of legal formation of non-profit or PHA:
              b. Purpose(s) of formation of non-profit:




        11. a. Provide the following required materials for the non-profit or PHA (as applicable): articles of incorporation,
            by-laws, IRS determination letter, non-profit certification of incorporation and certificate of good standing from
            Secretary of State and the list of current Board of Directors or Commissioners (include dates of appointment and
             affiliation). Provide the above items under the "Scoring" tab of the application.



                                                                      End of Section




7/28/2011                                                            Non Profit Questionnaire                       d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                          ARRA Applicant Certification


   As part of the ARRA Application Certification, the applicant acknowledges that the application and all materials submitted by applicants
   constitute public records within the meaning of the Colorado Open Records Act (Colorado Revised Statutes Section 24-72-210 et seq.).
   Applicant further acknowledges and agrees, as part of the ARRA Application Certification, that CHFA will not treat any part of the
   application and submissions as a record that is not subject to release to the public, unless such material is segregated and clearly
   designated as falling with an exception to the Colorado Open Records Act. Otherwise, CHFA will make such material available for
   inspection and copying (for a charge of $1.00 per page) upon the request of any person. As part of the ARRA Application Certification,
   applicants further acknowledge and agree that even material that is so segregated and designated may become subject to release upon
   a successful challenge by a member of the public.

   The undersigned applicant hereby makes application to CHFA for ARRA funds in the
   amount listed in the application. The undersigned agrees that CHFA will at all times be
   indemnified and held harmless against all losses, costs, damages, expenses and liabilities of
   whatsoever nature or kind ( including, but not limited to, attorney's fees, litigation and court costs, amounts
   paids to discharge judgment, 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 ARRA funds request.

   The undersigned, being duly authorized, hereby represents and certifies that the foregoing information,
   including all attached and applicable exhibits, to the best of his/her knowledge, is true, complete and
   accurately describes the proposed development. Misreperesentations of any kind will be grounds for
   denial or loss of the tax credits and/or ARRA Funds and may affect future participations in the tax credit program in
   Colorado.

   The undersigned applicant hereby certifies that all consultant fees, architect fees, builder fees and
   developer fees are properly disclosed and conform to the limitations of these fees as outlined in
   Section 3.G. of the Qualified Allocation Plan.

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

                   day of                                , 20




   Name of Preparer (person completing the application)

        By:
                            Name


                            Title

       STATE OF

    COUNTY OF

         Acknowledged before me this           day of                         , 20

         by

         as

         of                                                                                .

                 My Commission expires:



                                               Notary Public




7/28/2011                                                   Applicant Certification             d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
   IN WITNESS WHEREOF, the applicant has caused this document to be duly executed in its name on this
                 day of                              , 20



                  Legal Name of Applicant
       By:
                          Name

                          Title

      STATE OF

    COUNTY OF

        Acknowledged before me this         day of                      , 20

        by

        as

        of                                                                        .

                My Commission expires:



                                            Notary Public



                                                     End of This Section




7/28/2011                                               Applicant Certification       d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                       Asset Management and Compliance Monitoring Fees


            The Asset Management Fee for a 100% TCEP project will start at $3,000 per annum with a
            3% annual escalator throughout the compliance period (please see TCEP Pro Forma for
            total).




                                                                             #VALUE!



                                               End of This Section




7/28/2011                                       Application Fee     d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
7/28/2011   Application Fee   d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                            Missing Information
                           Do not submit the application if any items are indicated below.
                                                  BE SURE TO SCROLL DOWN!
                                                    Minimum Underwriting Criteria
                          Development Operating Reserves                                                   $0
                          Minimum Reserve Requirement                                                       $0
                          The minimum operating reserve requirement has been met.
                          Minimum Replacement Reserve Requirement                                      $300
                          Annual Replacement Reserve Per Unit                                             $0
                          The minimum replacement reserve requirement is not met.
                          Annual Operating Expenses per Unit (PUPA)                                  #DIV/0!
                          Minimum PUPA Requirement                                                   $3,900
                                                         #DIV/0!
                          Annual Debt Coverage Ratio (DCR)                                           #DIV/0!
                          Minimum DCR Requirement                                                      1.15
                                                         #DIV/0!



            The date of the application must be entered, starting at cell E3 of the 'Development Information' worksheet.
            Either cell C18 or E18 on the 'Development Information' worksheet must be marked to indicate the type of credit requested.
            The development name must be entered in cell C22 of the 'Development Information' worksheet.
            The development address must be entered in cell C23 of the 'Development Information' worksheet.
            The city or town where the development is located must be entered in cell C24 of the 'Development Information' worksheet.
            The county where the development is located must be entered in cell F24 of the 'Development Information' worksheet.
            The zip code where the development is located must be entered in cell G25 of the 'Development Information' worksheet.
            The census tract number where the development is located must be entered in cell C25 of the 'Development Information' worksheet.


            The State Senate District where the development is located must be entered in cell C30 of the 'Development Information' worksheet.
            The Congressional District where the development is located must be entered in cell C31 of the 'Development Information' worksheet.
            The State House District where the development is located must be entered in cell G30 of the 'Development Information' worksheet.
            The form of site control, (Deed, Option or Lease) must be indicated starting at cell C34 of the 'Development Information' worksheet.
            Either cell E35 or H35 on the 'Development Information' worksheet must be marked.
            Either cell F40 or H40 on the 'Development Information' worksheet must be marked.
            Either cell F46 or H46 on the 'Development Information' worksheet must be marked.
            The total number of buildings in the development must be entered in cell C56 of the 'Development Information' worksheet.
            The number of floors in the tallest building must be entered in cell E58 of the 'Development Information' worksheet.
            Either 'Yes' or 'No' must be entered in cell E61 of the 'Development Information' worksheet.
            The number of parking spaces must be entered in cell C63 of the 'Development Information' worksheet.
            The project type (New Construction, Acquisition/Rehabilitation or Substantial Rehabilitation) must be indicated starting
            at cell C66 of the 'Development Information' worksheet.



            The type of units (Multifamily Apartments, Townhouse or Single Family Detached) must be indicated starting
             at cell C95 of the 'Development Information' worksheetThe type of units (Multifamily Apartments, Townhouse or Single Family Detached) must be indicated starting


            Indicate whether, or not, rents include utilities on the 'Unit Mix & Rents' worksheet
            Applicant name must be entered in Cell D7 of the 'Applicant Info-Development Team' worksheet.
            Applicant address must be entered in Cell D8 of the 'Applicant Info-Development Team' worksheet.
            Applicant address must include the city in Cell D9 of the 'Applicant Info-Development Team' worksheet.
            Applicant address must include the state in Cell D10 of the 'Applicant Info-Development Team' worksheet.
            Applicant address must include the zip code in Cell D11 of the 'Applicant Info-Development Team' worksheet.
            Applicant Tax I.D. number or 'TBD' must be entered in Cell D12 of the 'Applicant Info-Development Team' worksheet.
            The name of the contact person must be entered in Cell D13 of the 'Applicant Info-Development Team' worksheet.
            The phone number of the contact person must be entered in Cell D14 of the 'Applicant Info-Development Team' worksheet.
            The fax number, or 'N/A', of the contact person must be entered in Cell D15 of the 'Applicant Info-Development Team' worksheet.
            The e-mail address, or 'N/A', of the contact person must be entered in Cell D16 of the 'Applicant Info-Development Team' worksheet.
            The type of General Partner (Non-Profit Corporation, For-Profit Corporation, Public Housing Authority, etc.) must be indicated
            starting at cell D19 of the 'Applicant Info-Development Team' worksheet.
            Either Cell E33 or Cell G33 of the 'Applicant Info-Development Team' worksheet must be marked.


            Either Cell E39 or Cell G39 of the 'Applicant Info-Development Team' worksheet must be marked.


            Either Cell G49 or Cell H49 of the 'Applicant Info-Development Team' worksheet must be marked.




            Cell C4 of the 'Contractor-Developer Fee Limits' worksheet must be marked 'Yes' or 'No'.




7/28/2011                                                                    Missing Information                                              d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
            The equity factor must be entered in cell G5 of the 'Development Financing' worksheet.
            The name of the local jurisdiction must be entered in cell E6 of the 'Official Notification' worksheet.
            The name of the chief elected official must be entered in cell E7 of the 'Official Notification' worksheet.
            The address of the chief elected official must be entered in cell E8 of the 'Official Notification' worksheet.
            The address must include the name of the city in cell E9 of the 'Official Notification' worksheet.
            The address must include the zip code in cell I9 of the 'Official Notification' worksheet.
            The phone number for the chief elected official must be entered in cell E10 of the 'Official Notification' worksheet.
            The name of the local housing authority must be entered in cell E16 of the 'Official Notification' worksheet.
            The name of the executive director must be entered in cell E17 of the 'Official Notification' worksheet.
            The address of the executive director must be entered in cell E18 of the 'Official Notification' worksheet.
            The address must include the name of the city in cell E19 of the 'Official Notification' worksheet.
            The address must include the zip code in cell I19 of the 'Official Notification' worksheet.
            The phone number for the executive director must be entered in cell E20 of the 'Official Notification' worksheet.


            Either cell B8 or cell B19 of the 'Development Scoring' worksheet must be marked.


            The name of the General Partner, if formed, must be entered in cell D80 of the 'Applicant Info-Development Team' worksheet




            The name of the developer must be entered in cell D92 of the 'Applicant Info-Development Team' worksheet




            The name of the contractor must be entered in cell D106 of the 'Applicant Info-Development Team' worksheet




            The name of the management company must be entered in cell D120 of the 'Applicant Info-Development Team' worksheet




            The name of the consultant must be entered in cell D134 of the 'Applicant Info-Development Team' worksheet




            The name of the tax attorney firm must be entered in cell D149 of the 'Applicant Info-Development Team' worksheet




            The name of the CPA firm must be entered in cell D163 of the 'Applicant Info-Development Team' worksheet




                                                                       End of This Section




7/28/2011                                                                    Missing Information                                         d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls
                                                      Development Summary

0
0
0
0
9% Competitive Tax Credits


                                                       Applicant:   0
                                                        Contact:    0
                                                          Phone:    0
                                                          Email:    0

Low Income Targetting

                                                   Total Tax            Total Units    Total Units    Total Units Total Units   Employee     Total Market
                                Total Units        Credit units         30% AMI        40% AMI        50% AMI 60% AMI             Unit        Rate Units
Total # of 0 bedroom units           0                  0                    0              0              0           0                           0
Total # of 1 bedroom units           0                  0                    0              0              0           0            0              0
Total # of 2 bedroom units           0                  0                    0              0              0           0            0              0
Total # of 3 bedroom units           0                  0                    0              0              0           0            0              0
Total # of 4 bedroom units           0                  0                    0              0              0           0                           0
                   Total             0                  0                    0              0              0           0            0              0


Development Rents

                                  Total               Total             Net Rent        Net Rent      Net Rent     Net Rent     Empl. Unit    Net Rent
                                 Bedroom              Bath              30% AMI         40% AMI       50% AMI      60% AMI        Rent        MR Units
                                    0                  1                  $0              $0            $0           $0           NA            $0
                                    1                  1                  $0              $0            $0           $0           NA            $0
                                    1                  1                  $0              $0            $0           $0           NA            $0
                                    2                  1                  $0              $0            $0           $0           NA            $0
                                    2                  1                  $0              $0            $0           $0           NA            $0
                                    2                  2                  $0              $0            $0           $0           NA            $0
                                    2                  2                  $0              $0            $0           $0           NA            $0
                                    3                  2                  $0              $0            $0           $0           NA            $0
                                    3                  2                  $0              $0            $0           $0           NA            $0
                                    4                  2                  $0              $0            $0           $0           NA            $0



Development Financing

                                                                                      Per Unit       Per S.F.
                                              Total Project Costs: $0                 #DIV/0!        #DIV/0!
                                                      Hard Costs: $0                  #DIV/0!        #DIV/0!

                 Finance Sources other than Tax Credit Equity:      $0
                                            Tax Credit Equity:      $0
                                                Total Sources:      $0
                                                   Total Uses:      $0
                                          Sources equal Uses?       Yes

                                                                                      PUPA
                       Total Annual Residential Operating Exp: $0                     #DIV/0!
                      Total Annual Commercial Operating Exp: $0
                                                                                      RR/Unit
                                Annual Replacement Reserve:         $0                $0
                                                  Year 1 DCR:       #DIV/0!
                                Max Allowable Developer Fee:        $0
                                          Total Developer Fee:      $0
                                Total Deferred Developer Fee:       $0
                           10 year cash flow after debt service:    ($34,392)
               Deferred Developer Fee payable within 10 years?
                           15 year cash flow after debt service:    ($55,797)
               Deferred Developer Fee payable within 15 years?




7/28/2011                                                           Development Summary                          d1089ec1-3684-446b-ac5d-9cf3551a8e0f.xls

				
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Description: Sample Agreement to Rent document sample