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Sample Letter of Intent Business Aquisition document sample
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2010 Low-Income Housing Tax Credit Application Instructions
The application for low-income housing tax credits is a spreadsheet application. The tax credit application is on Microsoft Office Excel 2007. 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, utilizing the colored tabs provided by the Tax Credit staff, 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), Green Communities, Development Financing, Unit Mis & Rents, Development Income,
Development Expenses, Contractor-Developer Fee Limits and Scoring. 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 credit. 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.
APPLICATION FEE
This worksheet will calculate the appropriate fees based on the type of application submitted by the applicant. No input is required by the applicant,
except that the project number will be needed in the Development Information worksheet to calculate the Compliance Monitoring Fee with the Final
Application. The calculations will not be correct unless all of the worksheets listed above have been filled out and the “Annual Credit Amount” worksheet
has calculated the Qualified Eligible Basis. The correct fee amount must be submitted with the application.
For Final Applications this worksheet also includes the Compliance Monitoring fee.
DEVELOPMENT SUMMARY
This worksheet will populate automatically. The applicant does not enter data into this worksheet.
MISSING INFORMATION
This worksheet will inform the applicant of any minimum underwriting criteria that is not met and any missing or incomplete application information.
Scroll completely through this worksheet to cell A143 to view any information that is missing.
If any items are indicated regarding underwriting critirea or missing application information, DO NOT SUBMIT THE APPLICATION!
DEVELOPMENT INFORMATION
Starting at the top of the worksheet is a space for „project number‟. That space is completed by CHFA staff for the Preliminary Application (you may
enter this number for the Carryover or Final Application). After project number, the type of application and the date submitted must be indicated. The
choices are Preliminary Application, Carryover Application and Final Application. Only one of these choices must be indicated. Any information that
changes between the submission of the Preliminary application and Carryover or Final must be reflected. However, the applicant ONLY has to re-enter
information in those sections of the application that have changed.
Preliminary Application - This selection applies to both the competitive (typically the 9% tax credit) and the non-competitive (developments financed with
private activity bonds) application process.
Carryover Application - For the competitive process the applicant MUST indicate whether or not the applicant is locking the applicable percentage rate
at the time of carryover. Therefore, either “Yes” or “No” must be marked with an “X”. If “Yes” is marked then for a Carryover Application the
Reservation Amount must be entered and for a Final Application the Carryover Amount must be entered.
Final Application - For the competitive process the applicant must include the month and year of the placed-in-service date in Cell G16. Also, the
designation that was made at carryover regarding the lock-in of the applicable percentage must remain indicated.
The non-competitive process does not include a carryover application. The non-competitive applicant may, however, lock in the applicable percentage
at the time that the private activity bonds are sold. If this choice is made, the non-competitive applicant must indicate “Yes” under the carryover
designation regarding the lock-in. If this choice is not made, the non-competitive applicant must indicate “No” under the carryover designation regarding
the lock-in. In either case, the applicant must indicate the month and year of the placed-in-service date. Include the Election of Applicable Percentage
Rate in the Election of Applicable Percentage Rate tab of the application.
Following the type of application, the applicant must indicate the current month's Applicable Percentage Rate for the 4% credit or the 9% credit. 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 both incorrect
credit calculation and scoring calculation.
Further instructions for Line N.:
The following programs are considered “Federal Assistance” for purposes of this application: Rural Development Section 515, FHA Insurance
(221(d)(3), 221(d)(4) or Risk-Sharing), Tax Exempt Bond Financing, Project-based Section 8, McKinney Act programs, Federal historic tax credits,
HOPE VI. If any of these programs are used mark “YES” in response to the question “With Federal Assistance?”.
Non-competitive applicants must indicate “Tax Exempt Bond Financing” under the column describing the types of programs and financing that apply to
the development.
1
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)
Budget numbers must be entered under column D of this worksheet, indicated by blue-colored numbers. For the most part, Columns A, B, C, E, F and
G 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
Cells E71 & F71 that correspond to Tax Credit Fees
Cells E72 & F72 that correspond to Compliance Fees
For non-competitive applicants, a prompt will appear if the development does not meet the 50% aggregate basis test. Ignore this prompt until the
“Development Financing” worksheet is completed.
For Final Applications only: In the Development Budget worksheet is the “Final Certification for Uses of Funds”. This is to be completed by the
development owner for Final Applications only.
COMMERCIAL BUDGET
This applies to both competitive and non-competitive applications. Any development that contains a retail or commercial component must complete this
worksheet. Include the Commercial Budget in the Development Budget tab of the application.
GREEN COMMUNITIES
Green Communities Colorado is an effort to foster the creation of affordable, healthier, and more energy-efficient housing throughout Colorado.
Through the use of Green Communities green building criteria we look to align affordable housing investment with environmentally responsive building
practices.
What its Green Building?
Green building is an approach to design and construction that maximizes energy and resource efficiency, protects the environment, and promotes
healthier places to live and work. Green buildings are designed to reduce the overall impact of the built environment on human health and the natural
environment by:
Efficiently using energy, water, and other resources
Protecting occupant health
Reducing waste, pollution and environmental degradation
Green building considers the entire life cycle of a structure ant its component parts focusing on efficiency in operating costs, as well as initial
construction costs.
Requirements
Beginning in 2010, to be eligible for LIHTC through CHFA, a project must comply with all of the mandatory provisions of the Green Communities criteria.
In addition, new construction projects must earn 35 points from the Optional Criteria, while rehabilitation projects must earn 30 points from the Optional
Criteria. CHFA may waive compliance with specific criteria if the applicant can demonstrate that the criteria creates a substantial hardship or is
inadvisable for a specific project, and that an alternative proposal will meet the intent of the criteria.
Green projects must meet a minimum number of Green Communities criteria that include:
Integrated Design Process - sustainable building strategies are considered from the earliest stages of project planning, with a experienced green
building design specialist participating at every stage.
Location and Neighborhood Fabric - locations that conserve resources, take advantage of existing infrastructure and civic amenities, are close to
transportation and contribute to the fabric of healthy, livable communities.
Site Improvements - chosen to conserve natural resources, improve operational efficiencies, enhance health and promote non-automotive means of
transit.
Water Conservation - utilization of water-efficient appliances and fixtures, low water landscaping and irrigation, and use of gray water (water recaptured
and recycled from showers, sinks and clothes washers) when possible.
Energy Efficiency - a guiding principle in all stages of development, including efficient construction methods, design and insulation of units for efficient
heating and cooling, use of Energy Star appliances, and efficient interior and exterior lighting.
Materials Beneficial to the Environment - including reuse and recycling on the construction site to decrease waste, and use of building products and
techniques that contribute to more durable, healthy and resource-efficient buildings.
Healthy Living Environment - including the use on safe biodegradable materials such as Low/No VOC paints and primers, adhesives, and sealants; use
of materials and construction techniques to reduce mold and ensure adequate ventilation; garage isolation.
Operations and Maintenance - training for employees and residents to explain and assist in the preservation of the property‟s green character.
Partnership
CHFA, the City of Denver Office of Economic Development, and the State of Colorado Division of Housing have partnered together in creating a unified
green building standard requirement. The partnership will require affordable housing developers seeking LIHTC or other funding to meet the
requirements of the Enterprise Green Communities criteria. The documentation required for meeting the criteria has also been unified. One set of
documents can be used for all funding sources .
Compliance
Colorado Green Communities is a self certifying program. Documentation submitted in support of meeting specific criteria must be signed off on by a
licensed architect/engineering certifying that all criteria has been met, unless a waiver was approved, and incorporated into the project. CHFA may
waive compliance with specific criteria if the applicant can demonstrate that the criteria creates a substantial hardship or is inadvisable for a specific
project, and that an alternative proposed will meet the intent of the criteria.
2
DEVELOPMENT FINANCING
All applications must include an equity factor (cents on the dollar purchase price for the tax credits). For the preliminary application enter $.62 for the
federal equity factor, unless documentation is provided from a syndicator or investor with a stated equity factor. For the carryover application there
MUST be executed entity documents that clearly identify the terms of the equity commitment, including the equity factor and the equity pay-in schedule.
Include the letter of intent or the entity documents in the Development Financing tab of the application.
For the preliminary application the proposed terms for financing must be provided on financial institution letterhead and signed by an institution
representative for both construction and permanent financing. The terms of financing must include the loan amount, the interest rate, the term of the
loan and, for permanent financing, the amortization period and the institution's minimum required debt coverage ratio. The same information is
required at the time of the carryover application but must be in the form of an “enforceable commitment” as defined in Section 3.B. of the Allocation
Plan.
Permanent Financing - All preliminary and enforceable financing commitments must be included in the Development Financing tab of 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 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 1-8.
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.
Below the total amount of funds the worksheet will calculate the tax credit proceeds. 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”. These two numbers must be equal. If they do not equal you should increase the amount of Total Funds for
Development and/or apply for the CHFA Designated DDA Basis Boost of up to 30% to fill the resulting Financing Gap. The worksheet will
calculate the Financing Gap which needs to be filled, the Modified Financing Gap and the CHFA Factor (see Annual Credit Amount
instructions below for the calculation of the Factor).
For Final Applications only: In the Development Financing worksheet is the “Final Certification for Source and Amount of Funds”. This is to be
completed by the development owner for Final Applications only.
There is a sample document for the CHFA requirements regarding enforceable financing commitments in the Development Financing worksheet. The
letter may be in the lender‟s format but it must be on the lending institution‟s letterhead and it must contain the required information. Include this letter
in the Development Financing tab.
There is a sample document for the CHFA requirements regarding equity commitments from syndicators/investors in the Development Financing
worksheet. The letter may be in the syndicator/investor format but it must be on the institution‟s letterhead and it must contain the required information.
Include this letter in the Development Financing worksheet.
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 either the box that the utilities are or are not included in the rents box 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.
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 unit 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.
In the Scoring worksheet, Exhibit F is a sample document for the CHFA requirements regarding the agreement with the public housing authority (PHA).
The letter may be in the PHA‟s format but it must be on the authority‟s letterhead and it must contain the required information. The agreement must be
signed and dated by both parties and a copy must be included with the application in order to receive points. Include this letter in the Scoring tab of the
application.
In the Scoring worksheet, Exhibit G is a sample document for the CHFA requirements regarding the agreement with agencies for referral of clients that
need special needs housing. The letter may be in the agency‟s format but it must be on the agency‟s letterhead and it must contain the required
information. The agreement must be signed and dated by both parties and a copy must be included with the application in order to receive points.
Include this letter in the Scoring tab of the application.
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. Include the Development Income in the Income/Expenses tab of the application.
3
DEVELOPMENT EXPENSES
The applicant must enter estimated annual operating expenses; assume that lease-up has occurred. Include the Development Expenses in the
Income/Expenses tab of the application.
15 YEAR PRO FORMA
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”.
CONTRACTOR/DEVELOPER FEE LIMITS
Enter either Yes or No in Cell C4 in order for the 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.F. 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 deternime the Annual Credit Amount for the development the worksheet will calculate
the amount of the CHFA Designated DDA credit amount the project needs to be financially feasible, if the election is made to apply for this additional
credit in the Development Financing worksheet. In addition, the worksheet will provide warnings and instructions if the CHFA Designated DDA credit
calculation exceeds 30% or if the annual credit amount exceeds the maximum credit amount per project allowable.
Please note that the calculation for the CHFA Designated DDA credit is reduced by an amount called the "CHFA Factor". The CHFA Factor equals
either 20% of the Allowable Developer Fee, if the project's Financing Gap is higher than the CHFA Factor and the project is using the Allowable
Developer Fee, or equals 20% of the Budgeted Developer Fee if the project's Financing Gap is higher than the CHFA Factor and the project Budgeted
Developer Fee is less than the Allowable Developer Fee. If the Financing GAP is less than either the Allowable or Budgeted Developer Fee or both the
CHFA Factor will not be applied.
For example: If a project has a Financing Gap of $100,000, an Allowable Developer Fee of $100,000 and a Budgeted Developer Fee of $100,000 than
the CHFA Designated DDA credit will be reduced by a Factor equalling $20,000 (computed as 20% of the Allowable Developer Fee). This amount will
need to be provided by the applicant to balance the Total Funds for Development and the Total Development Budget in the Development Financing
worksheet in addition to the equity generated by the CHFA Designated DDA credit.
For example: If a project has a Financing Gap of $19,000, an Allowable Developer Fee of $100,000 and a Budgeted Developer Fee of $80,000 than the
CHFA Designated DDA credit will be reduced by a Facter equalling $16,000 (computed as 20% of the Allowable Developer Fee). This amount will need
to be provided by the applicant to balance the Total Funds for Development and the Total Development Budget in the Development Financing
worksheet in addition to the equity generated by the CHFA Designated DDA credit.
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 Information” worksheet must be completed for the scoring to be accurate.
The applicant must enter selections on lines 2-6 of the Secondary Selection Criteria. Mark the appropriate selections with an “X”. The worksheet will
calculate the score for each of these sections. The total score will be calculated automatically and displayed in the box following Line 6. - Subsidized
Housing Waiting Lists. Documentation for each selection must be included in the "Scoring" tab.
4
NON-PROFIT QUESTIONNAIRE
The Non-Profit Questionnaire must be completed by all non-profit applicants and included in the Development Scoring tab of the application.
If the space provided by the row of blank lines is insufficient, enter “see attached” and attach the appropriate information.
APPLICANT INFO-DEVELOPMENT TEAM
The Applicant Info-Development Team must be completed by all applicants. Information that is not yet determined at the time of preliminary application
must be determined by the time of carryover application for competitive applicants and by the time of final application for non-competitive applicants.
If, for example, the general contractor has not been selected the applicant must enter “TBD” (for “to be determined”) on the line for entering the name
of the general contractor. If “TBD” is entered then all other information regarding the general contractor may be left blank. Otherwise, all information
requested must be completed.
If the space provided by the row of blank lines is insufficient, enter “see attached” and attach the appropriate information.
APPLICANT CERTIFICATION
This worksheet is the signature page for the application and must be completed for all types of applications: Preliminary, Carryover or Final Application.
This section must contain original signatures.
OFFICIAL NOTIFICATION
Notification of Local Official: The information requested here is self-explanatory.
Notification of Local Housing Authority: The information requested here is self-explanatory.
The Official Notification must be completed by all applicants and included in the Applicant Certification tab of the applicantion.
10% TEST FOR CARRYOVER
This worksheet is completed for Carryover Applications only. Column F, “Actual Incurred Costs” must be completed by the applicant.
FINAL BUILDING PROFILE
For each building the cells in the following rows must be completed, starting with Column G for the first building: rows 3, 4, 5, 6, 8, 10, 11, 17, 19; for
New Construction - row 23; for Rehabilitation – row 28; and for Acquisition – rows 33, 35 and 40.
The square footage and unit counts on the Final Building Profile must be the same as those listed on the Unit Mix & Rent worksheet. A message will
appear, starting on row 58, column A, if square footage and unit counts on Final Building Profile are not the same as those listed on the Unit Mix & Rent
UPDATE
This worksheet contains information that changes on an annual basis, such as the currently available income limits, cost limits, applicable percentages,
etc. This worksheet will be updated by staff as the information becomes available and the updated application will be sent to each applicant.
QCT-DDA CALCULATION - QCT & DDA
This is the current list of Qualified Census Tracts and Difficult-to-Develop Areas. Developments located in a QCT or DDA are eligible for a 130%
increase in qualified basis. See "Development Information" worksheet, Row 26.
C1 & C2 TABLES
The C-1 & C-2 tables are used to calculate scoring under section 5.B.1. of the Allocation Plan. The scores from the C-1 & C-2 tables are automatically
calculated in cell E74 & E78 of the "Development Scoring" worksheet after cells C24 and F24 of the "Development Information " worksheet are
completed.
COUNTY MEDIAN INCOME
The county area median incomes are used to calculate scoring under section 5.B.1. of the Allocation Plan. The score is automatically calculated in the
"Scoring" worksheet after cell F24 of the "Development Information " worksheet is completed and either cell B8 or B19 of the "Scoring" worksheet is
checked.
BASIS LIMITS
These limits are automatically calculated on the "Annual Credit Amount" worksheet after the name of the county is entered on the "Development
Information" worksheet and after the "Unit Mix & Rents" worksheet is completed.
RENT & INCOME LIMITS
The rent and income limits are automatically calculated in the "Unit Mix & Rents" worksheet after cell F24 of the "Development Information " worksheet
is completed and the "Unit Mix & Rents" worksheet is completed.
CHFA LOAN BUDGET
This worksheet will populate automatically. The applicant does not enter data into this worksheet. This information will be shared internally if the
applicant has indicated permanent financing through CHFA.
COLORADO DIVISION OF HOUSING & the CITY OF DENVER BUDGET
This worksheet will populate automatically. The applicant does not enter data into this worksheet. This information will be shared externally if the
applicant has indicated permanent financing through the Colorado Division of Housing or City of Denver.
CHFA DDA CALCULATION
This worksheet will populate automatically. The applicant does not enter date into this worksheet. The applicant can find important calculations in
this worksheet for calculating the CHFA Designated DDA Basis Boost and the CHFA Factor.
5
Application Fee
Amount of Annual Credit: $0
Preliminary Application Fee for Competitive Application Round -
Application fee is: $2,500
Preliminary Application Fee for PAB-Financed Application -
Application fee is: $2,500
Preliminary Reservation Fee for Competitive Applications-
3% of Preliminary Reservation Amount: $0
Initial Determination Fee for PAB-Financed Application -
Initial Determination fee is: $1,500
Carryover App. Fee (not applicable to PAB-Financed Applications)
2% of Carryover Amount: $0
Final Application Fee for PAB-Financed Application: $2,500
(Not applicable to developments that received a Carryover Allocation
and paid a Carryover Application Fee)
Compliance Monitoring Fee is automatically calculated. The Fee for
projects receiving a reservation in 2009 is $275 per low income &
employee unit. The Fee for projects prior to 2009 is $230 per low
income & employee unit. This Fee is due with the Placed-In-Service
Application (PIS) or with the Final Application if there is no PIS:
(Fee is $275 per low income and employee units) $0
End of This Section
8/3/2011 Application Fee 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Development Summary
9% Competitive Tax Credits
Applicant:
Contact:
Phone:
Email:
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: #VALUE!
Total Sources: #VALUE!
Total Uses: $0
Sources equal Uses? #VALUE!
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: #VALUE!
Max Allowable Developer Fee: $0
Total Developer Fee: $0
Total Deferred Developer Fee:
10 year cash flow after debt service: #VALUE!
Deferred Developer Fee payable within 10 years? #VALUE!
15 year cash flow after debt service: #VALUE!
Deferred Developer Fee payable within 15 years? #VALUE!
8/3/2011 Development Summary 50a13288-51ac-4ba0-b4ef-adca27bf5203.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 #VALUE!
#VALUE!
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) #VALUE!
Minimum DCR Requirement 1.15
#VALUE!
Development Score #N/A
Minimum Competitive Score 130
#N/A
Minimum Non-Competitive Score 60
#N/A
Either cell C18 or E18 on the 'Development Information' worksheet must be marked to indicate the type of credit requested.
The county where the development is located must be entered in cell F24 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.
8/3/2011 Missing Information 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
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 Architect must be entered in cell D120 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
8/3/2011 Missing Information 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Project Number Completed by CHFA Staff
2010 LIHTC Application Version 1.0
Preliminary Application Date
Carryover Application Date Locking Applicable Percentage?
Yes No
Final Application Date
IMPORTANT! Click on the direct link below for the current Applicable Percentage Rates (APR). For the 9% credit the APR is the higher of the current
Month's APR or 9% until December 31, 2013. Place the higher rate in the box below. The Bond/4% APR will continue to float. Place the current 4%
rate in the box below. For Final Applications, if the rate was locked at carryover or at bond issuance, enter the lock-in rate.
http://www.novoco.com/low_income_housing/facts_figures/tax_credit_2010.php
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 x No the development is located in a Qualified Census Tract (QCT) or
Difficult Development Area (DDA) and will enter "QCT" or "DDA" in
DDA 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. Asbestos abatement is required
8/3/2011 Development Information 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
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
8/3/2011 Development Information 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Development Budget (for Residential Development Costs only)
PROJECT COSTS:
LIHTC Basis Calculation Last Approved
Land & Buildings Total 4% Credit 9% Credit Total
Land $0 $0
Existing Structures $0 $0 $0
Demolition $0 $0
Subtotal $0 $0 $0 $0
Site Work
On Site Work $0 $0 $0 $0
Off Site Work $0 $0
Subtotal $0 $0 $0 $0
Rehab. & New Construction
New Structures $0 $0 $0 $0
Rehabilitation $0 $0 $0 $0
Accessory Structures $0 $0 $0 $0
General Requirements $0 $0 $0 $0
Contractor Overhead $0 $0 $0 $0
Contractor Profit $0 $0 $0 $0
Construction Contingency $0 $0 $0 $0
Permits $0 $0 $0 $0
Furniture, Fixtures, & Equipment $0 $0 $0 $0
Davis Bacon Wages $0 $0 $0 $0
Subtotal $0 $0 $0 $0
Professional Fees
Architect, Design $0 $0 $0 $0
Architect, Supervision $0 $0 $0 $0
Attorney, Real Estate $0 $0 $0 $0
Consultant/agent $0 $0 $0 $0
Engineer/Surveyor $0 $0 $0 $0
Construction Management $0 $0 $0 $0
Accounting $0 $0 $0 $0
Compliance Consulting $0 $0 $0 $0
Subtotal $0 $0 $0 $0
Construction Interim Costs
Hazard & Liability Insurance $0 $0 $0 $0
Builder's Risk Insurance $0 $0 $0 $0
Perform. & Pymt Bonds $0 $0 $0 $0
Credit Report $0 $0 $0 $0
Construction Interest $0 $0 $0 $0
Constr. Origination Fees $0 $0 $0 $0
Mortgagee Fee $0 $0 $0 $0
Tap fees $0 $0 $0 $0
Inspection fees $0 $0 $0 $0
Title & Recording $0 $0 $0 $0
Legal Fees $0 $0 $0 $0
Prop. Taxes during const $0 $0 $0 $0
Construction Testing $0 $0 $0 $0
Other (Specify) $0 $0 $0 $0
Other (Specify) $0 $0 $0 $0
Subtotal $0 $0 $0 $0
8/3/2011 Development Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Permanent Financing
Bond Premium $0 $0
Bond Issue 30-day lag reserve $0 $0
Bond Cost of Issuance $0 $0
Discount Points $0 $0
Perm Loan Origination $0 $0
Credit Enhancement $0 $0
Title & Recording $0 $0
Legal Fees $0 $0
Prepaid MIP $0 $0
Forward Rate Lock $0 $0
Conversion Fee $0 $0
Subtotal $0 $0 $0 $0
Soft Costs
Feasibility Study $0 $0 $0 $0
Market Study $0 $0 $0 $0
Environmental Study $0 $0 $0 $0
Tax Credit Fees $0 $0
Compliance Fees $0 $0
Appraisal $0 $0 $0 $0
Cost Certification $0 $0 $0 $0
Relocation $0 $0 $0 $0
Other (Specify) $0 $0 $0 $0
Other (Specify) $0 $0 $0 $0
Subtotal $0 $0 $0 $0
Syndication Costs
Organization Costs $0 $0
Bridge Loan $0 $0
Tax Opinion $0 $0
Legal Fees $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0 $0 $0
Developer Fees
Developer Fee $0 $0 $0 $0
Developer Overhead $0 $0 $0 $0
Developer Profit $0 $0 $0 $0
Other (Specify) $0 $0 $0 $0
Subtotal $0 $0 $0 $0
Project Reserves
Rent-up Reserves $0 $0
Operating Reserves $0 $0
Replacement Reserves $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0 $0 $0
4% Eligible Basis 9% Eligible Basis
TOTAL PROJECT COSTS: $0 $0 $0 $0
End of This Section
8/3/2011 Development Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Final Certification for Uses of Funds
(For Final Applications Only)
Total Costs: $0 Total Eligible Basis: $0
Aggregate Basis:
As owner(s) of the above-referenced low-income housing development, I certify that the development
costs contained herein are accurate and are the actual costs associated with the construction,
acquisition and/or rehabilitation of this development. I authorize the Colorado Housing and Finance Authority
to utilize this information in order to calculate the low-income housing tax credit for this development.
Date: Do not sign until Final
Signature of Development Owner: Do not sign until Final
Printed Name of Signatory: Do not sign until Final
Title of Signatory: Do not sign until Final
Acknowledged before me this day of , 20____
State of Do not sign until Final
City of Do not sign until Final County of Do not sign until Final
My Commission expires: Do not sign until Final
Notary Public: Do not sign until Final
8/3/2011 Development Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Commercial Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Commercial Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Colorado Housing and Finance Authority
Green Communities Criteria Checklist
Project Identification information for the Green Communities Criteria and Certification
Project Name
Developer Name
Project Address
Application for
Funding (City and
Stage of Development: Preliminary Application for LIHTC Carryover for LIHTC Final Application for LIHTC State)
Please check the appropriate Box ---->
Type of Construction: New Construction Acq/Rehab
Please check the appropriate Box ---->
Category Criteria Yes No Waiver Request
Please check either Yes or No for each Points
Section of this form----------->
Integrated Design
1.1 LH Green Development Plan (Mandatory)
Submit Green Development Plan outlining the integrated
approach used for this development that demonstrates M
involvement of the entire development team.
Site Location and Neighborhood Fabric
2.1a Smart Site Location – Proximity to Existing Development: New
LH Construction (Mandatory)
Provide site map demonstrating that the development is located
on a site with access to existing roads, water, sewers and other
infrastructure within or contiguous (having at least 25 percent of
the perimeter bordering) to existing development.
M
17
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each
Yes No Waiver Request
Points
Section of this form----------->
2.1b Smart Site Location – Protecting Environmental Resources:
LH New Construction (Mandatory)
Do not locate new development within 100 feet of wetlands,
critical slope areas, land identified as habitat for a threatened or
endangered species; or on land previously used as public park M
land, land identified as prime farmland, or with elevation at or
below the 100-year floodplain.
2.1c LH Smart Site Location – Proximity to Services: New Construction
(Mandatory)
Locate projects within one-quarter mile of at least two, or one- M
half mile of at least four community and retail facilities.
2.2 Compact Development: New Construction (Mandatory Except
for Rehabilitations)
Achieve densities for new construction of at least six units per
acre for detached/semi-detached houses; 10 for town homes; M
15 for apartments.
2.3 Walkable Neighborhoods: Sidewalks and Pathways
(Mandatory)
Connect project to the pedestrian grid. Include sidewalks or
other all-weather pathways within a multifamily property or M
single-family subdivision linking residential development to
public spaces, open spaces and adjacent development.
2.4a LH Smart Site Location: Passive Solar Heating/Cooling Orient
building to make the greatest use of passive solar heating and 4
cooling.
2.4b LH Smart Site Location: Grayfield, Brownfield or Adaptive Reuse
Site
Locate the project on a grayfield, brownfield or adaptive reuse 10
site.
2.5 Compact Development
LH Increase average minimum densities to meet or exceed: seven
5
units per acre for detached/semi-detached; 12 units for town
homes; and 20 units for apartments.
2.6 (Optional) Walkable Neighborhoods: Connections to
Surrounding Neighborhoods
Provide a site plan demonstrating at least three separate
connections from the development to sidewalks or all-weather
pathways in surrounding neighborhoods. 5
18
Colorado Housing and Finance Authority
Category Criteria Yes No Waiver Request
Please check either Yes or No for each Points
Section of this form----------->
2.7 LH (Optional) Transportation Choices
Locate project within one-quarter mile radius of adequate public
transit service, or one-half mile radius from an adequate fixed 12
rail station.
Site Improvements
3.1 Environmental Remediation (Mandatory)
Conduct a Phase I Environmental Site Assessment and provide M
a plan for abatement if necessary.
3.2 LH Erosion and Sedimentation Control
Conduct a Phase I Environmental Site Assessment and provide M
a plan for abatement if necessary.
3.3 LH Landscaping (Mandatory if providing landscaping)
Provide a tree or plant list certified by the architect or landscape
architect that the selection of new trees and plants are
appropriate to the site‟s soils and microclimate and do not
include invasive species. Locate plants to provide shading in the M
summer and allow for heat gain in the winter.
3.4 LH (Optional) Surface Water Management
Capture, retain, infiltrate and/or harvest the first one-half 5
inch of rain that falls in a 24-hour period.
3.5 (Optional) Storm Drain Labels
Label all storm drains or storm inlets to clearly indicate where 2
the drain or inlet leads.
Water Conservation
4.1a LH Water-Conserving Appliances and Fixtures: New Construction
(Mandatory)
Install water-conserving fixtures with the following minimum
M
specifications: toilets – 1.3 GPF; showerheads – 2.0 GPM;
kitchen faucets – 2.0 GPM; bathroom faucets – 2.0 GPM.
4.1b Water-Conserving Appliances and Fixtures: Moderate
LH Rehabilitation
Install water-conserving fixtures with the following minimum
specifications for toilets and shower heads and follow
requirements for other fixtures wherever and whenever they are
replaced: toilets – 1.3 GPF; showerheads – 2.0 GPF; kitchen
faucets – 2.0 GPM; bathroom faucets – 2.0 GPM. M
19
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each Yes No Waiver Request
Points
Section of this form----------->
4.1c LH (Optional) Water-Conserving Appliances and Fixtures
Install water-conserving fixtures with the following minimum
specifications: toilets – 1.1 GPF; showerheads – 1.75 GPM;
kitchen faucets – 2.0 GPM; bathroom faucets – 1.5 GPM. 5
4.2 LH Efficient Irrigation (Mandatory if irrigation is necessary)
If irrigation is necessary, use recycled gray water, water from a
municipal recycled water system, or a highly efficient irrigation
system including all the following: system designed by EPA
Water Sense professional; plant beds with a drip irrigation
M
system; separately zoned turf and bedding types; a watering
zone timer/controller; moisture sensor controller.
Energy Efficiency
5.1a Efficient Energy Use: New Construction (Mandatory)
LH Meet Energy Star standards (single family and low rise
residential); exceed ASHRAE 90.1-2004 by 15 percent.
M
5.1b Efficient Energy Use: Rehabilitation (Mandatory)
Perform an energy analysis of existing building condition,
estimate costs of improvements, implement measures that will
improve building energy performance by 15 percent from pre- M
renovation figures.
5.2 Energy Star Appliances (Mandatory if providing appliances)
LH If providing appliances, install Energy Star clothes washers,
dishwashers and refrigerators. M
5.3a Efficient Lighting: Interior (Mandatory)
LH Install the Energy Star Advanced Lighting Package in all interior
units and use Energy Star or high-efficiency commercial grade M
fixtures in all common areas and outdoors.
5.3b Efficient Lighting: Exterior (Mandatory)
LH Install daylight sensors or timers on all outdoor lighting,
including front and rear porch lights in single family homes. M
5.4 Electricity Meter (Mandatory)
Install individual or sub-metered electric meters. M
20
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each Yes No Waiver Request
Points
Section of this form----------->
5.5 (Optional) Additional Reductions in Energy Use
LH Exceed the relevant Energy Star HERS score for low-rise
residential buildings or exceed other standards by increased
percentages.
1 point for each
additional point
awarded by the
Home Energy
Rating System
(HERS) or for each
1 percent change
in energy
efficiency
5.6a (Optional) Renewable Energy
LH Install PV panels, wind turbines or other renewable energy
source to provide at least 10 percent of the project’s estimated 15
electricity demand.
5.6b (Optional) Photovoltaic (PV) Ready
Site, design, engineer and wire the development to
accommodate installation of PV in the future. 2
Materials Beneficial to the Environment
6.1 LH (Optional) Construction Waste Management
Develop and implement a construction waste management plan
to reduce the amount of material sent to the landfill by at least 5
25 percent.
6.2 LH (Optional) Recycled Content Material
Use materials with recycled content; provide calculation for
recycled content percentage based on cost or value of recycled
content in relation to total materials for project. Minimum 14
recycled material must be 5 percent.
6.3 LH (Optional) Certified, Salvaged and Engineered Wood
Commit to using at least 25 percent (by cost) wood products and
materials that are salvaged wood, engineered framing materials
or certified in accordance with the Forest Stewardship Council. 5
21
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each
Yes No Waiver Request
Points
Section of this form----------->
6.4a LH (Optional) Water-Permeable Walkways
Use water-permeable materials in 50 percent or more of
5
walkways.
6.4b LH (Optional) Water Permeable Parking Areas
Use water-permeable materials in 50 percent or more of paved
10
parking areas.
6.5a LH (Optional )Reduce Heat Island Effect: Roofing
Use Energy Star-compliant and high-emissive roofing or install a
“green” (vegetated) roof for at least 50 percent of the roof area;
or a combination of high-albedo and vegetated roof covering 75
5
percent of the roof area.
6.5b (Optional) Reduce Heat Island Effect: Paving
LH Use light-colored, high-albedo materials and/or an open-grid
pavement with a minimum Solar Reflective Index of 60 over at
least 30 percent of the site’s hardscaped area. 5
6.5c (Optional) Reduce Heat Island Effect: Plantings
LH 5
Healthy Living Environment
7.1 Low / No Volatile Organic Compounds (VOC ) Paints and
LH Primers (Mandatory)
Specify that all interior paints and primers must comply with M
current Green Seal standards for low-VOC limits.
7.2 Low / No VOC Adhesives and Sealants (Mandatory) Specify
LH that all adhesives must comply with Rule 1168 of the South
Coast Air Quality Management District. Caulks and sealants must
comply with Regulation 8, Rule 51 of the Bay Area Air Quality M
Management District.
7.3 Urea Formaldehyde-free Composite Wood (Mandatory)
Use particleboard and MDF that is certified compliant with the
ANSI A208.1 and A208.2. If using nonrated composite wood, all
exposed edges and sides must be sealed with low-VOC sealants.
M
22
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each Yes No Waiver Request
Points
Section of this form----------->
7.4 Green Label Certified Floor Coverings (Mandatory if providing
LH floor coverings)
Do not install carpets in below grade living spaces, entryways,
laundry rooms, bathrooms, kitchens or utility rooms. If using M
carpet, use the Carpet and Rug Institute’s Green Label certified
carpet, pad and carpet adhesives.
7.5a Exhaust Fans – Bathroom: New Construction and Substantial
LH Rehabilitation (Mandatory)
Install Energy Star-labeled bathroom fans that exhaust to the
outdoors and are connected to a light switch and are equipped M
with a humidistat sensor or timer, or operate continuously.
7.5b Exhaust Fans – Kitchen: New Construction and Substantial
LH Rehabilitation (Mandatory)
Install power vented fans or range hoods that exhaust to the M
exterior.
7.5c (Optional) Exhaust Fans – Kitchen: Moderate Rehabilitation
LH Install power vented fans or range hoods that exhaust to the
exterior. 5
7.6a Ventilation: Except for Moderate Rehabilitation (Mandatory)
LH Install a ventilation system for the dwelling unit, providing
adequate fresh air per ASHRAE 62.1-2007 for residential
buildings above three stories or ASHRAE 62.2 for single family M
and low-rise multifamily dwellings.
7.6b (Optional) Ventilation: Moderate Rehabilitation
LH Install a ventilation system for the dwelling unit, providing
adequate fresh air per ASHRAE 62.1-2007 for residential
buildings above three stories or ASHRAE 62.2 for single family 10
and low-rise multifamily dwellings.
7.7 HVAC Sizing (Mandatory)
LH Size heating and cooling equipment in accordance with the Air
Conditioning Contractors of America Manual, Parts J and S,
ASHRAE handbooks, or equivalent software.
M
23
Colorado Housing and Finance Authority
Category Criteria Certification Method Yes No Waiver Request
Points
7.8 Water Heaters: Mold Prevention (Mandatory)
Use tankless hot water heaters or install conventional hot water
heaters in rooms with drains or catch pans with drains piped to
the exterior of the dwelling and with non-water sensitive floor M
coverings.
7.9a Materials in Wet Areas: Surfaces (Mandatory)
In wet areas, use materials that have smooth, durable, cleanable
surfaces. Do not use mold-propagating materials such as vinyl M
wallpaper and unsealed grout.
7.9b Materials in Wet Areas: Tub and Shower Enclosures
(Mandatory)
Use fiberglass or similar enclosure or, if using any form of
grouted material, use backing materials such as cement board, M
fiber cement board or equivalent (i.e., not paper-faced).
7.10a Basements and Concrete Slabs: Vapor Barrier (Mandatory)
Provide vapor barrier under all slabs. For concrete floors either
in basements or on-grade slab install a capillary break of 4 four
inches of gravel over soil. Cover all gravel with 6-millimeter
polyethylene sheeting moisture barrier with joints lapped 1 foot
M
or more. On interior below grade walls, avoid using separate
vapor barrier or below grade vertical insulation.
7.10b Basements and Concrete Slabs – Radon: New Construction and
LH Substantial Rehabilitation (Mandatory)
In EPA Zone 1 and 2 areas, install passive radon-resistant
features below the slab along with a vertical vent pipe with
junction box available, if an active system should prove M
necessary. For substantial rehab, introduce radon-reduction
measures if elevated levels of radon are detected.
7.11 Water Drainage (Mandatory)
Provide drainage of water to the lowest level of concrete away
from windows, walls and foundations.
M
24
Colorado Housing and Finance Authority
Category Criteria Yes No Waiver Request
Please check either Yes or No for each Points
Section of this form----------->
7.12 Garage Isolation (Mandatory)
LH Provide a continuous air barrier between the conditioned (living)
space and any unconditioned garage space. In single-family
houses with attached garages, install a CO alarm inside the
house on the wall that is attached to the garage and outside the M
sleeping area, and do not install air handling equipment in the
garage.
7.13 Clothes Dryer Exhaust (Mandatory)
LH Clothes dryers must be exhausted directly to the outdoors. M
7.14 Integrated Pest Management (Management) Seal all wall, floor
LH and joint penetrations with low-VOC caulking. Provide rodent-
proof and corrosion-proof screens (e.g., copper or stainless steel M
mesh) for large openings.
7.15 Lead Safe Work Practices: Rehabilitation (Mandatory) For
properties built before 1978, use lead-safe work practices during
renovation, remodeling, painting and demolition. M
7.16 (Optional) Healthy Flooring Materials: Alternative Sources
LH Use non-vinyl, non-carpet floor coverings in all rooms.
5
7.17 (Optional) Smoke Free Building
Enforce a “no smoking” policy in all common and individual
living areas in all buildings. See full criteria for “common area” 2
definition.
7.18 Combustion Equipment: Includes Space and Water Heating
LH Equipment (Mandatory)
Specify power vented or combustion sealed equipment. Install
one hard-wired CO detector for each sleeping area, minimum
one per floor.
M
25
Colorado Housing and Finance Authority
Category Criteria Please check either Yes or No for each Yes No Waiver Request
Points
Section of this form----------->
Operations and Maintenance
8.1 Building Maintenance Manual (Mandatory)
LH Provide a manual that includes the following: a routine
maintenance plan; instructions for all appliances, HVAC
operation, water-system turnoffs, lighting equipment, paving
materials and landscaping, pest control and other systems that
are part of each occupancy unit; an occupancy turnover plan M
that describes the process of educating the tenant about proper
use and maintenance of all building systems.
8.2 Occupant’s Manual (Mandatory)
LH Provide a guide for homeowners and renters that explains the
intent, benefits, use and maintenance of green building features,
along with the location of transit stops and other neighborhood
conveniences, and encourages additional green activities such as M
recycling, gardening and use of healthy cleaning materials,
alternate measures for pest control and purchase of green
power.
8.3 Homeowner and New Resident Orientation (Mandatory)
LH Provide a walk-through and orientation to the homeowner or
new resident using the Occupant Manual from 8-2 above that
reviews the building’s green features, operations and M
maintenance along with neighborhood conveniences.
PLEASE NOTE:
New Construction Projects must comply with all Mandatory
Requirements (M) & earn 35 points from the Optional Criteria.
TOTAL OPTIONAL POINTS:
Aquisition/Rehabilitation Projects must comply with all
Mandatory Requirements (M) & earn 30 points from the
Optional Criteria.
26
Colorado Housing and Finance Authority
Certification – Preliminary LIHTC Application
I hereby certify that the information provided above concerning Green Communities Criteria at the project is true and correct and that the project has been planned and designed to meet the Green Communities criteria to
the best of my knowledge.
Developer Architect Reviewed by CHFA
Signature Signature Signature
Date Date Date
Certification – City of Denver Office of Economic Development (If Applicable)
I hereby certify that the information provided above concerning Green Communities Criteria at the project is true and correct and that the project has been planned and designed to meet the Green Communities criteria to
the best of my knowledge.
Developer Architect Reviewed by City of Denver
Signature Signature Signature
Date Date Date
Certification – State of Colorado Division of Housing (If Applicable)
I hereby certify that the information provided above concerning Green Communities Criteria at the project is true and correct and that the project has been planned and designed to meet the Green Communities criteria to
the best of my knowledge.
Developer Architect Reviewed by CDOH
Signature Signature Signature
Date Date Date
Certification – Final LIHTC Application
I hereby certify that the information provided above concerning Green Communities Criteria at the project is true and correct and that the project has been planned and designed to meet the Green Communities criteria to
the best of my knowledge.
Developer Architect Reviewed by CHFA
Signature Signature Signature
Date Date Date
27
Colorado Housing and Finance Authority
Waiver Request
Section Criteria Reason (Attach Detailed Summary) CHFA Approval City Approval (if Applicable) State Approval (if
Applicable)
28
Development Financing
Tax Credit Syndication
Federal Equity Factor: $0.620 *
*$0.70 is the preliminary rate to be used in cell G5, above. If your syndicator, however, verifies that the project will
have a higher equity factor, then use the syndicator's verified preliminary rate.
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 Amount Interest Term of Amortization
Loans Only of Funds Rate Loan (Years) Annual Debt
1 #VALUE!
2 #VALUE!
3 cash flow
4 cash flow
5 cash flow
6 cash flow
7 cash flow
8 TCAP FUNDS cash flow
9 Deferred Developer Fee
10 Other Owner Equity
Source of Financing Grants Only #VALUE!
11
12
13
14 #VALUE!
15
16
17
Total Amount of Funds from Total Annual
sources other than tax credits $0 Debt #VALUE!
Tax Credit Equity #VALUE!
Total Funds for Development #VALUE!
Total Development Budget $0
#VALUE!
Deferred Developer Fee %: #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
Total Financing Gap (GAP): #VALUE!
#VALUE!
#VALUE!
#VALUE!
$0
Total Funds for Development Now Equal the Total Development Budget
End of This Section
8/3/2011 Development Financing 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Final Certification for Source and Amount of Funds
(For Final Applications Only)
Total Amount of Funds from Sources other than Tax Credits: #VALUE!
As owner(s) of the above-referenced low-income housing development, I certify that the source and
amount of funds listed above and on the previous pages are accurate and are the only funds received by
the development owners for the financing of this development. I authorize the Colorado Housing and
Finance Authority to utilize this information in order to calculate the low-income housing tax credit for
this development.
Date: Do not sign until Final
Signature of Development Owner: Do not sign until Final
Printed Name of Signatory: Do not sign until Final
Title of Signatory: Do not sign until Final
Acknowledged before me this day of , 20____
State of Do not sign until Final
City of County of Do not sign until Final
My Commission expires: Do not sign until Final
Notary Public: Do not sign until Final
8/3/2011 Development Financing 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Unit Mix & Rents
TABLE ILLUSTRATING 2009 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 $ 0 3 bedroom $ 0 Do Rents Include Utilities?
1 bedroom $ 0 4 bedroom $ 0 Yes
2 bedroom $ 0 5 bedroom $ 0 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
8/3/2011 Unit Mix and Rents 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Unit Mix and Rents 50a13288-51ac-4ba0-b4ef-adca27bf5203.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. 0
Commercial Space
Square Footage 0
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
8/3/2011 Unit Mix and Rents 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Development Income 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
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 #DIV/0!
#DIV/0!
Total Annual Expenses $0 Indicate if waiver of Minimum PUPA Requirement was waived.
Total Per Unit Annual
Replacement Reserves $0
x total # of units $0
End of This Section
8/3/2011 Development Expenses 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
15 Year 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 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Second Mortgage #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Third Mortgage $0 $0 $0 $0 $0 $0 $0 $0
Net Project Cash Flow #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Debt Coverage Ratio #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash Flow available
for distribution #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Partnership Mgt. Fees $0 $0 $0 $0 $0 $0 $0 $0
Asset Mgt. Fees $0 $0 $0 $0 $0 $0 $0 $0
Cash Flow Notes $0 $0 $0 $0 $0 $0 $0 $0
Cash Flow Available
after above obligations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
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 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Second Mortgage #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Third Mortgage $0 $0 $0 $0 $0 $0 $0
Net Project Cash Flow #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Debt Coverage Ratio #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash Flow available
for distribution #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Partnerhsip Mgt. Fees $0 $0 $0 $0 $0 $0 $0
Asset Mgt. Fees $0 $0 $0 $0 $0 $0 $0
Cash Flow Notes $0 $0 $0 $0 $0 $0 $0
Cash Flow Available
after above obligations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Deferred Developer Fee Underwriting Criteria
Deferred Developer Fee
#VALUE! 10 yr. cash flow available after obligations
Payable? True or False #VALUE!
#VALUE! 15 yr. cash flow available after obligations
Payable? True or False #VALUE!
End of This Section
8/3/2011 15 Year Pro Forma 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Contractor-Developer Fee Limits 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
Grant Funds reduced from Basis (to be added by CHFA Staff manually) $0
Total Eligible Basis $0
Total Eligible HUD 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 = #VALUE!
Acquisition HUD QCT or DDA Not Eligible for Adjusted Applicable Qualified Applicable Acquisition
Basis Not Applicable Basis Fraction Basis Percentage Credit
Not Applicable x 1.0 x Not Applicable = Not Applicable Not Applicable = $0
Total Basis Annual Credit = #VALUE!
Method Two: Gap Calculation
Total Uses Total Funds Gap Equity Factor Annual Credit
$0 - $0 = $0 $0.6200 = $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 = #N/A
Maximum Credit Award as per Section II.F. of the Allocation Plan: $1,250,000
Based on these calculations and the maximum award available,
this development is eligible for a total Annual Federal Credit in the amount of :
FALSE
$0
#VALUE!
$0
#VALUE! $0
End of This Section
8/3/2011 Annual Credit Amount 50a13288-51ac-4ba0-b4ef-adca27bf5203.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% 50
50% 72.5
40% 92.5
Total Restricted Units Points
Additional points for counties under $48,80 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% 72.5
40% 92.5
Total Restricted Units Points
Additional points for counties under $48,800 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
8/3/2011 Scoring 50a13288-51ac-4ba0-b4ef-adca27bf5203.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. supports a local, regional or state plan, a neighbor-
hood plan, or some other community-sponsored needs assess-
ment, master plan, etc. Or to be located at an existing or planned Transit Oriented
Design (TOD) site, which includes sites within 1,500 feet of public transit such as a
light rail station or public bus stop with service provided regularly during peak hours.
Applicant must provide evidence, clearly demonstrating the project fits into the
community's need.
Total Points 0
3. Development Characteristics
Criteria Points
a. 'Development that provides housing for a mix of incomes by having no 0
more than 80% 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.B.3.e. of the Allocation Plan)
Total Points 0
8/3/2011 Scoring 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
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
8/3/2011 Scoring 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
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:
8/3/2011 Non Profit Questionnaire 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Non Profit Questionnaire 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Applicant Info - Development Team 50a13288-51ac-4ba0-b4ef-adca27bf5203.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):
8/3/2011 Applicant Info - Development Team 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Applicant Info - Development Team 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Applicant Certification
As part of the 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 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 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 reservation of housing credit dollar
amounts that are 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
paid 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 reservation 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 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
8/3/2011 Applicant Certification 50a13288-51ac-4ba0-b4ef-adca27bf5203.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
8/3/2011 Applicant Certification 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Notification of Local Official
A. The Tax Code requires that CHFA notify the local political jurisdiction (town or city, if incorporated,
otherwise the county) in which the development will be located. Below, you must provide the name and
address of the current Chief Executive Officer,or equivalent, of the political jurisdiction.
Name of Jurisdiction
Name of Chief Executive Officer
Address
City Zip Code
Phone
Notification of Local Housing Authority
B. Below you must provide the name, address, and current Executive Director or equivalent of the Local
Housing Authority.
Name of Local Housing Authority
Name of Executive Director
Address
City Zip Code
Phone
End of This Section
8/3/2011 Official Notification 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
10% Test for Carryover Allocation Application
Expected Basis and Itemized Expenditures
as of 1/0/1900
Project Number:
PROJECT COSTS:
Total Expected Actual Incurred % of Total Expected
Land & Buildings Project Basis Costs Project Basis
Land $0 $0 0
Existing Structures $0 $0 0
Subtotal $0 $0
Site Work
On-Site Work $0 $0 0
Rehab. & New Construction
New Structures $0 $0 0
Rehabilitation $0 $0 0
Accessory Structures $0 $0 0
General Requirements $0 $0 0
Contractor Overhead $0 $0 0
Contractor Profit $0 $0 0
Construction Contingency $0 $0 0
Permits $0 $0 0
Furniture, Fixtures, & Equipment $0 $0 0
Davis Bacon Wages $0 $0 0
Subtotal $0 $0
Professional Fees
Architect, Design $0 $0 0
Architect, Supervision $0 $0 0
Attorney, Real Estate $0 $0 0
Consultant/agent $0 $0 0
Engineer/Surveyor $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Subtotal $0 $0
Construction Interim Costs
Hazard & Liability Insurance $0 $0 0
Builder's Risk Insurance $0 $0 0
Perform. & Pymt Bonds $0 $0 0
Credit Report $0 $0 0
Construction Interest $0 $0 0
Constr. Origination Fees $0 $0 0
Mortgagee Fee $0 $0 0
Tap Fees $0 $0 0
Inspection fees $0 $0 0
Title & Recording $0 $0 0
Legal Fees $0 $0 0
Prop. Taxes during const $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Subtotal $0 $0
Soft Costs
Feasibility Study $0 $0 0
Market Study $0 $0 0
Environmental Study $0 $0 0
Tax Credit Fees $0 $0 0
Appraisal $0 $0 0
Cost Certification $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Other (Specify) $0 $0 0
Subtotal $0 $0
Developer Fees
Developer Fee $0 $0 0
Developer Overhead $0 $0 0
Developer Profit $0 $0 0
Other - Specify $0 $0 0
Subtotal $0 $0
Total Expected Project Basis: $0.00 $0.00 0
End of This Section
8/3/2011 10% Test for Carryover 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
A B C D E F G H
1 Project Number:
2 Building I. D. Number (entered by CHFA staff):
3 Enter the Building Street Address:
4 1 Enter the Total Number of Units in Building (including employee units): 0
5 2 Enter the Total Number of Employee Units in Building: 0
6 3 Enter the Total Number of Low-Income Units in Building: 0
7 0
8 4 Enter the Total Residential Square Footage in Building: 0
9 (including all common units)
10 5 Enter the Total Square Footage of Employee Units in Building: 0
11 6 Enter Total Square Footage of Low-Income Units in Building: 0
12
13 Low-Income Unit Applicable Fraction for Building: #DIV/0!
14 Square Footage Applicable Fraction for Building: #DIV/0!
15 Lowest Applicable for Calculating Credit for Building: #DIV/0!
16
17 7 Enter the Month/Day/Year of Placed-In-Service Date for Building:
http://www.novoco.com/low_income_housing/facts_figures/tax_cre
dit_2010.php
18
19 Applicable Percentage for Calculating Building Credit Amount: FALSE
20
21 FOR NEW CONSTRUCTION PROJECTS:
22
23 1 Enter each Building's Eligible Basis: 0.00
24 $0
25 With a 130% HUD QCT or DDA Adjustment #VALUE! 0.00
26
27 FOR MAJOR REHABILITATION:
28 1 Enter each Building's Total Eligible Basis for Major Rehabilitation: 0.00
29 $0.00
30
31 With a 130% HUD QCT or DDA Adjustment #VALUE! 0.00
32 FOR ACQUISITION COSTS:
33 1 Enter the Total Cost of Acquiring the Building (include the cost of land): 0.00
34 $0.00
2 Enter the Higher of Land Purchase Price or Land Appraised Value Proportional to the
35 Total Cost of Acquiring the Building: 0.00
36 $0.00
37 3 Building Total Eligible Basis for Acquisition Costs (Subtract Line 2 from Line 1): 0
38 $0.00
39
40 Enter the Month/Year of Acquisition Placed-in-Service Date
41 Month/Year of Lock-In for Applicable Percentage: 0
42 Lock-in Rate Automatically Entered in Row 42 0
43
44 Total New Const./Rehab Eligible Basis - 0.00
45
46 Total New Const./Rehab Qualified Basis #DIV/0! #DIV/0!
47
48 New Const./Rehab Annual Credit Amount #DIV/0! #DIV/0!
49
50 Total Acquisition Eligible Basis - 0
51 Total Acquisition Qualified Basis #DIV/0! #DIV/0!
52 Total New Acquisition Annual Credit #DIV/0! #DIV/0!
53
54 Qualified Basis Calc #DIV/0! Sum of Rehab+Acq #DIV/0!
55
56 Rehab + Acq Calc #VALUE! Min Annual Credit #VALUE! #VALUE!
57 Sum of Row 56 #VALUE! Total Rehab Annual Credit #VALUE! #VALUE!
58 #VALUE!
59 Total Acq Annual Credit #VALUE! #VALUE!
60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0!
74 #DIV/0! #DIV/0!
75 #DIV/0! #DIV/0!
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
A B C D E F G H
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
I J K L M N O P
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7 0 0
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0.00 0.00 0.00 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
59 #VALUE! #VALUE! #VALUE! #VALUE!
60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
74 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
75 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
I J K L M N O P
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Q R S T U V W X
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
59 #VALUE! #VALUE! #VALUE! #VALUE!
60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
74 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
75 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Q R S T U V W X
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Y Z AA AB AC AD AE AF
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
59 #VALUE! #VALUE! #VALUE! #VALUE!
60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
74 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
75 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
Y Z AA AB AC AD AE AF
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AG AH AI AJ AK AL AM AN
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AG AH AI AJ AK AL AM AN
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AO AP AQ AR AS AT AU AV
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10 0 0 0 0
11 0 0 0 0
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16
17
18
19 FALSE FALSE FALSE FALSE
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21
22
23 0.00 0.00 0.00 0.00
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25 0.00 0.00 0.00 0.00
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27
28 0.00 0.00 0.00 0.00
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31 0.00 0.00 0.00 0.00
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35 0.00 0.00 0.00 0.00
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41 0 0 0 0
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AO AP AQ AR AS AT AU AV
76
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81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AW AX AY AZ BA BB BC BD
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2
3
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10 0 0 0 0
11 0 0 0 0
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13 0 0 0 0
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15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
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44 0.00 0.00 0.00 0.00
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46 0.00 0.00 0.00 0.00
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48 0 0 0 0
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56 #VALUE! #VALUE! #VALUE! #VALUE!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
AW AX AY AZ BA BB BC BD
76
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BE BF BG BH BI BJ BK BL
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2
3
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5 0 0 0 0
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7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
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54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BE BF BG BH BI BJ BK BL
76
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BM BN BO BP BQ BR BS BT
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2
3
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9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
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54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BM BN BO BP BQ BR BS BT
76
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81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BU BV BW BX BY BZ CA CB
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
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54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
BU BV BW BX BY BZ CA CB
76
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80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CC CD CE CF CG CH CI CJ
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
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73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CC CD CE CF CG CH CI CJ
76
77
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80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CK CL CM CN CO CP CQ CR
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
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61
62
63
64
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72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CK CL CM CN CO CP CQ CR
76
77
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80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CS CT CU CV CW CX CY CZ
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
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61
62
63
64
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72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
CS CT CU CV CW CX CY CZ
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DA DB DC DD DE DF DG DH
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
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60
61
62
63
64
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66
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70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DA DB DC DD DE DF DG DH
76
77
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80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DI DJ DK DL DM DN DO DP
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
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60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DI DJ DK DL DM DN DO DP
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DQ DR DS DT DU DV DW DX
1
2
3
4 0 0 0 0
5 0 0 0 0
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7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
59 #VALUE! #VALUE! #VALUE! #VALUE!
60
61
62
63
64
65
66
67
68
69
70
71
72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DQ DR DS DT DU DV DW DX
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DY DZ EA EB EC ED EE EF
1
2
3
4 0 0 0 0
5 0 0 0 0
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7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
47
48 0 0 0 0
49
50 0 0 0 0
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53
54
55
56 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
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61
62
63
64
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66
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72
73 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
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8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
DY DZ EA EB EC ED EE EF
76
77
78
79
80
81
8/3/2011 Final Building Profile 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
EG EH EI EJ EK EL EM EN
1
2
3
4 0 0 0 0
5 0 0 0 0
6 0 0 0 0
7
8 0 0 0 0
9
10 0 0 0 0
11 0 0 0 0
12
13 0 0 0 0
14 0 0 0 0
15 0.00% 0.00% 0.00% 0.00%
16
17
18
19 FALSE FALSE FALSE FALSE
20
21
22
23 0.00 0.00 0.00 0.00
24
25 0.00 0.00 0.00 0.00
26
27
28 0.00 0.00 0.00 0.00
29
30
31 0.00 0.00 0.00 0.00
32
33 0.00 0.00 0.00 0.00
34
35 0.00 0.00 0.00 0.00
36
37 0 0 0 0
38
39
40
41 0 0 0 0
42 0 0 0 0
43
44 0.00 0.00 0.00 0.00
45
46 0.00 0.00 0.00 0.00
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EG EH EI EJ EK EL EM EN
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EO EP EQ ER ES ET EU EV
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5 0 0 0 0
6 0 0 0 0
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15 0.00% 0.00% 0.00% 0.00%
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41 0 0 0 0
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44 0.00 0.00 0.00 0.00
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51 0.00 0.00 0.00 0.00
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EO EP EQ ER ES ET EU EV
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EW EX EY EZ FA FB FC FD
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EW EX EY EZ FA FB FC FD
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FE FF FG FH FI FJ FK FL
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FE FF FG FH FI FJ FK FL
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FM FN FO FP FQ FR FS FT
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FM FN FO FP FQ FR FS FT
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FU FV FW FX FY FZ GA GB
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FU FV FW FX FY FZ GA GB
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GC GD GE GF GG GH GI GJ
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GC GD GE GF GG GH GI GJ
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GK GL GM GN GO GP GQ GR
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GK GL GM GN GO GP GQ GR
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GS GT GU
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LOW-INCOME HOUSING TAX CREDITS 2009 QUALIFIED CENSUS TRACTS
Effective Date: January 1, 2010
County Tract Tract Tract Tract Tract Tract
Adams 78.00 79.00 83.08 87.03 87.06 88.01 89.01 93.19
Alamosa 9817.00
Arapahoe 59.51 65.01 72.02 73.00
Boulder 122.02 122.05 123.00 124.01 126.05 126.06 134.01
Conejos 9746.00. 9748.00
Costilla 9826.00 9827.00
Denver 2.02 4.02 6.00 7.02 8.00 9.04
9.05 10.00 11.01 11.02 14.01 15.00
16.00 18.00 19.00 20.00 23.00 24.02
24.03 26.01 26.02 27.01 31.02 35.00
36.01 36.02 36.03 41.01 44.04 45.01
45.02
El Paso 17.00 19.00 22.00 23.00 28.00 29.00 61.00
Jefferson 100.00 104.02 104.05
Las Animas 1.00
Larimer 1.00 2.00 5.02 6.00 13.04
Logan 9962.00
Mesa 2.00 5.00
Montezuma 9410.00
Otero 9880.00
Pueblo 3.00 6.00 7.00 8.00 10.00 12.00 13.00
14.00 19.00 21.00 23.00 26.00
Weld 1.00 2.00 5.00 6.00 8.00 10.02
The above Qualified Census Tract designations are issued by HUD and based on 2000 census data.
EXHIBIT B
LOW-INCOME HOUSING TAX CREDITS
2009 DIFFICULT DEVELOPMENT AREAS
Effective Date December 31, 2009
(All of the following counties)
Archuleta Mineral
Custer Ouray
Dolores Pitkin
Eagle Rio Blanco
Garfield Routt
Hinsdale San Juan
Jackson San Miguel
Lake Summit
The C-1 and C-2 tables below are used to calculate scoring under section IV.B.1. of the Allocation
Plan. The scores from the C-1 & C-2 tables are automatically calculated in cells E74 & E78 of the
"Development Scoring" worksheet after cells C24 and F24 of the "Development Information "
worksheet are completed.
TABLE C - 1
PERCENT OF RENTER HOUSEHOLDS WITH INCOMES BELOW 51%
OF AREA MEDIAN INCOME HAVING ANY HOUSING PROBLEMS
1990
CITY/COUNTY HOUSEHOLDS POINTS CITY/COUNTY HOUSEHOLDS POINTS
Arvada City 76 12 Kiowa County 51 7
Aurora City 78 12 Kit Carson County 45 6
Littleton City 79 12 Lake County 75 12
Northglenn City 82 13 La Plata County 73 11
Westminster City 80 13 Larimer County 82 13
Adams County 78 12 Fort Collins City 86 14
Thornton City 79 12 Loveland City 79 12
Alamosa County 81 13 Las Animas County 66 10
Arapahoe County 79 12 Lincoln County 59 8
Englewood City 76 13 Logan County 61 9
Archuleta County 79 12 Mesa County 73 11
Baca County 50 6 Grand Junction City 70 11
Bent County 66 10 Mineral County 74 11
Boulder County 84 13 Moffat County 55 8
Boulder City 86 14 Montezuma County 75 12
Longmont City 78 13 Montrose County 70 11
Chaffee County 72 11 Morgan County 78 12
Cheyenne County 64 9 Otero County 66 10
Clear Creek County 85 14 Ouray County 58 8
Conejos County 60 8 Park County 77 12
Costilla County 48 6 Phillips County 50 7
Crowley County 65 10 Pitkin County 69 10
Custer County 55 8 Prowers County 55 8
Delta County 76 12 Pueblo County 72 11
Denver City 73 11 Pueblo City 73 11
Dolores County 73 11 Rio Blanco County 57 8
Douglas County 75 12 Rio Grande County 64 9
Eagle County 78 12 Routt County 75 12
Elbert County 59 8 Saguache County 59 8
El Paso County 81 13 San Juan County 38 5
Colorado Springs City 82 13 San Miguel County 85 14
Fremont County 73 11 Sedgwick County 45 6
Garfield County 72 11 Summit County 80 12
Gilpin County 80 13 Teller County 81 13
Grand County 67 10 Washington County 48 6
Gunnison County 82 13 Weld County 76 13
Hinsdale County 61 9 Greeley City 80 13
Huerfano County 61 9 Yuma County 52 7
Jackson County 47 6
Jefferson County 80 13
Lakewood City 79 13
Wheat Ridge City 81 13
TABLE C-2
TOTAL RENTER HOUSEHOLDS IN COLORADO
WITH ANY HOUSING PROBLEMS
1990
CITY/COUNTY HOUSEHOLDS POINTS CITY/COUNTY HOUSEHOLDS POINTS
Arvada City 2,324 3 Kiowa County 29 1
Aurora City 8,618 4 Kit Carson County 136 2
Littleton City 1,431 3 Lake County 148 2
Northglenn City 904 2 La Plata County 882 2
Westminster City 2,164 3 Larimer County 5,764 4
Adams County 9,778 4 Fort Collins City 3,267 3
Thornton City 1,697 3 Loveland City 1,310 3
Alamosa County 509 2 Las Animas County 606 2
Arapahoe County 12,528 5 Lincoln County 117 2
Englewood City 1,616 3 Logan County 511 2
Archuleta County 153 2 Mesa County 3,417 3
Baca County 80 1 Grand Junction City 1,730 3
Bent County 128 2 Mineral County 10 1
Boulder County 6,788 4 Moffat County 195 2
Boulder City 2,791 3 Montezuma County 486 2
Longmont City 1,997 3 Montrose County 788 2
Chaffee County 366 2 Morgan County 817 2
Cheyenne County 25 1 Otero County 791 2
Clear Creek County 152 2 Ouray County 36 1
Conejos County 209 2 Park County 162 2
Costilla County 61 1 Phillips County 94 1
Crowley County 102 2 Pitkin County 321 2
Custer County 40 1 Prowers County 430 2
Delta County 812 2 Pueblo County 5,044 4
Denver City 26,490 6 Pueblo City 4,639 3
Dolores County 32 1 Rio Blanco County 137 2
Douglas County 688 2 Rio Grande County 346 2
Eagle County 596 2 Routt County 372 2
Elbert County 127 2 Saguache County 176 2
El Paso County 16,296 6 San Juan County 11 1
Colorado Springs City 12,841 5 San Miguel County 107 2
Fremont County 971 2 Sedgwick County 48 1
Garfield County 1,120 3 Summit County 301 2
Gilpin County 100 2 Teller County 324 2
Grand County 207 2 Washington County 128 2
Gunnison County 282 2 Weld County 4,743 3
Hinsdale County 11 1 Greeley City 2,565 3
Huerfano County 193 2 Yuma County 159 2
Jackson County 33 1
Jefferson County 11,110 5
Lakewood City 4,100 3
Wheat Ridge City 1,402 3
Page 7
Estimated Development Costs
1 Land & Buildings HUD Mortgageable Amount
Land* $0 $0
Existing structures $0 $0
Demolition $0 $0
Subtotal $0 $0
2 Site Work
On site work $0 $0
Off site work $0 $0
Subtotal $0 $0
3 New Construction/Rehabilitation
New Structures $0 $0
Rehabilitation $0 $0
Accessory structures $0 $0
General requirements $0 $0
Contractor overhead $0 $0
Contractor profit $0 $0
Construction contingency (10%) $0 $0
Permits $0 $0
Furniture, Fixtures & Equipment $0 $0
Davis Bacon Wages $0 $0
Subtotal $0 $0
4 Professional Fees
Architect, design $0 $0
Architect, supervision $0 $0
Attorney, real estate $0 $0
Consultant / agent $0 $0
Engineer / surveyor $0 $0
Construction Management $0 $0
Accounting $0 $0
Compliance Consulting $0 $0
Subtotal $0 $0
5 Construction Interim Costs
Hazard & liability insurance $0 $0
Builder's Risk Insurance $0 $0
Performance bond $0 $0
Credit Report $0 $0
Construction interest** $0 $0
Constr. Origination fees $0 $0
Mortagee Fee $0 $0
Tap Fees $0 $0
Inspection fees $0 $0
Title & recording $0 $0
Legal fees $0 $0
Property Taxes during constr. $0 $0
Construction Testing $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0
* If land is currently owned, include current market value.
** May or may not be in basis.
Page 8
6 Permanent Financing Fees
Bond Premium $0 $0
Bond Issue 30-day lag reserve $0 $0
Bond Cost of Issuance $0 $0
Discount Points $0 $0
Perm Loan Origination $0 $0
Credit Enhancement $0 $0
Title & Recording $0 $0
Legal Fees $0 $0
Prepaid MIP $0 $0
Forward Rate Lock $0 $0
Conversion Fee $0 $0
Subtotal $0 $0
7 Soft Costs
Feasibility study $0 $0
Market study $0 $0
Environmental study $0 $0
Tax credit allocation fees** $0 $0
Tax credit compliance fees $0 $0
Appraisal $0 $0
Cost certification $0 $0
Relocation $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0
8 Syndication Costs
Organization costs $0 $0
Bridge loan fee $0 $0
Tax opinion $0 $0
Legal Fees $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0
9 Developer Fees
Developer fee $0 $0
Developer overhead $0 $0
Developer profit $0 $0
Other (Specify) $0 $0
Subtotal $0 $0
10 Project Reserves
Rent-up reserves $0 $0
Operating reserves $0 $0
Replacement reserves $0 $0
Other (Specify) $0 $0
Other (Specify) $0 $0
Subtotal $0 $0
TOTAL DEVELOPMENT COSTS $0 $0
Project Name:
Date:
Applicant: PAGE #2
Spreadsheet Version: Development Costs
Total Square Feet in Units 0
Non Living Square Footage 0
Total Project Square Feet 0
Number of Units 0
Total Cost Cost/Unit Cost/Sq Ft
ACQUISITION COSTS
Land 0 #DIV/0! #DIV/0!
Existing Structures * 0 #DIV/0! #DIV/0!
Appraisals & Market Study 0 #DIV/0! #DIV/0!
Soils Tests 0 #DIV/0! #DIV/0!
Surveys 0 #DIV/0! #DIV/0!
Other 0 #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
CONSTRUCTION COSTS
Building Permit Fees * (other) #DIV/0! #DIV/0!
Tap Fees * (other) #DIV/0! #DIV/0!
Off Site Infrastructure * 0 #DIV/0! #DIV/0!
On Site Infrastructure * 0 #DIV/0! #DIV/0!
Construction * 0 #DIV/0! #DIV/0!
Landscaping * (other) #DIV/0! #DIV/0!
Contingency * 0 #DIV/0! #DIV/0!
Other 0 #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
DESIGN FEES
Architect Fees 0 #DIV/0! #DIV/0!
Engineering Fees(see Surveys above) #DIV/0! #DIV/0!
Other 0 #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
INTERIM COSTS
Construction Insurance 0 #DIV/0! #DIV/0!
Construction Loan Orig. Fee 0 #DIV/0! #DIV/0!
Construction Interest 0 #DIV/0! #DIV/0!
Consultants 0 #DIV/0! #DIV/0!
Taxes During Construction 0 #DIV/0! #DIV/0!
Other 0 #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
PERMANENT FINANCING FEES
Loan Fees & Expenses 0 #DIV/0! #DIV/0!
Attorney Fees 0 #DIV/0! #DIV/0!
LIHTC Fees 0 #DIV/0! #DIV/0!
Developer's Fee 0 #DIV/0! #DIV/0!
Operating & Debt Service Reserve 0 #DIV/0! #DIV/0!
Other 0 #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
TENANT RELOCATION
Temporary Relocation 0 #DIV/0! #DIV/0!
Permanent Relocation (above) #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
PROJECT MANAGEMENT
Marketing 0 #DIV/0! #DIV/0!
Project Management (NA) #DIV/0! #DIV/0!
Consultants (see Consultants above) #DIV/0! #DIV/0!
Other (NA) #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0!
TOTAL DEVELOPMENT EXPENSES 0 #DIV/0! #DIV/0!
Hard Cost Per Unit #DIV/0! #DIV/0! * Hard Costs
Land Cost Per Unit #DIV/0!
Soft Cost Per Unit #DIV/0! #DIV/0!
Hard Cost Per Square Foot #DIV/0!
Soft Cost Per Square Foot #DIV/0!
8/3/2011 DOH - Denver HNDS Budget 50a13288-51ac-4ba0-b4ef-adca27bf5203.xls
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