Docstoc

Tax Exempt Certificate 499

Document Sample
Tax Exempt Certificate 499 Powered By Docstoc
					                                                           WORKBOOK INSTRUCTIONS



                     The Consolidated Application contains numerous Excel macros, meaning that various worksheets
                     share information. To allow the macros to work properly, the security setting on your Microsoft Excel
                     program must be turned to LOW. For Windows XP and lower, this is done through TOOLS-
                     >MACRO->SECURITY. See screenshot below. After setting security to LOW, close out of excel
Security/Macros:
                     and re-open the document. For Windows VISTA, click the Microsoft Office Button             and then
                     click Excel Options. In the Trust Center category, click Trust Center Settings, and then click the
                     Macro Settings category and set the security to low.




                     ● Use the Exhibit Checklist as your guide to determine the specific requirements for each type of
                     funding request. Items marked T are Threshold, meaning they are required at application
                     submission. Items marked N are Non-Threshold, meaning they are not required at application
                     submission but will be required prior to CHFA Board Approval or DECD Approval. Before printing
                     the Exhibit Checklist to submit with your application, "X" each item that is included in your
                     submission.
                                               "X" if submitted                            THIS FORM MUST BE SUBMITTED WITH INITIAL APPLICATION & ALL RESUBMISSIONS    CHFA/
                                                                                                                                                                      DECD use
                          DECD Funding                     CHFA Funding                                                                                                 only
                                                                                         Exhibit
                       Program   Project   Financing Next Steps       LIHTC       HTCC
                                                                                         Number
                      T          T         T      X    T          T           T            A       Cover Sheet (Form Provided)
                      T          T         T      X    T          T           T            B       Summary Sheet (Form Provided)
                      T          T         T      X    T          T           T            C       Completed Exhibit Checklist (Form Provided)
                      T          T         T      X    T          T           T            D       Application (Form Provided)
                                                                                                   SECTION I. APPLICANT & CO-SPONSOR
                      T          T         T      X    N          T           T            1.5     Organizational Documents

Exhibit Checklist:
                     ● If the same development will be submitted to both CHFA and DECD for funding, the application
                     submission requirements may vary. Make sure that each agency receives a complete application
                     based on the agency's program specific requirements. Note, if an applicant is applying to CHFA for
                     financing and tax credits, two separate applications must be submitted.




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Instructions                                                                        1 of 60
                       T         T        T      X    T          T       T   B     Summary Sheet (Form Provided)
                       T         T        T      X    T          T       T   C     Completed Exhibit Checklist (Form Provided)
                       T         T        T      X    T          T       T   D     Application (Form Provided)
                                                                                   SECTION I. APPLICANT & CO-SPONSOR
                       T         T        T      X    N          T       T   1.5   Organizational Documents

Exhibit Checklist:

                                                          WORKBOOK INSTRUCTIONS



                      ● For each line item in the Exhibit Checklist, the Application tab provides a more detailed explanation
                      of submission requirements. For each Exhibit where a standard form is required, the Exhibit
                      Checklist contains a link to the form Exhibit. The form Exhibit then offers a navigation button to bring
                      the applicant either back to the appropriate section of the Exhibit Checklist or Application form.




                      The Exhibit Checklist contains a "Submission Date" cell shaded in LIGHT YELLOW at the top of the
Submission Date
                      page. This cell is linked across all worksheets and should be completed by the applicant.




                      A number of cells contain self-generating summary calculations. These summary cells are shaded
Auto-Filling Cells:   GRAY and cannot be filled by the applicant. Cells highlighted in LIGHT YELLOW are formulas that
                      can be typed over if the applicant has a modification.


                      Formula errors (i.e. #DIV/0!) may be visible in certain Auto-filled cells when you begin entering data.
Formula Errors:       These formula errors result when information necessary to make a numeric calculation is not fully
                      entered. These errors should dissipate once required information is completely entered.


                      The Consolidated Application contains four self-generating informational Summary worksheets.
                      They are the COVER SHEET, SUMMARY SHEET, EXPENSES SUMMARY and the CASH FLOW
Summary Pages:
                      worksheets. Please note, while the cover sheet is self-generating, the applicant will need to enter
                      the program the development is applying for from a dropdown menu.


                      The Application worksheet contains two cells shaded in LIGHT YELLOW. These are the Applicant
Developer/
                      Name and Development Name fields. Once this information is entered on the Application
Development
                      worksheet, it will be linked to a similarly named cell on all other worksheets to avoid having multiple
Name
                      entries for these names.
                                              "X" if submitted               THIS FORM MUST BE SUBMITTED WITH INITIAL APPLICATION & ALL RESUBMISSIONS    CHFA/
                                                                                                                                                        DECD use
                           DECD Funding                   CHFA Funding                                                                                    only
Development           If the proposed submission does not contain Low Income Housing Tax Credits (LIHTC), disregard
                                                                      Exhibit
Budget:                  Program
                                  and Financing Next Steps LIHTC
                      columns EProject F.                        HTCC
                                                                      Number
                       T         T        T      X    T          T       T   A     Cover Sheet (Form Provided)
                                                                          outlines theSheet (Form architectural plans that must
                      Note that TsectionT3.9Xof the Application worksheet B
                        T                        T      T       T              Summary level of Provided)
Schematic
                      be submitted with the application. Note T
                        T       T       T   X    T      T       that DECD requires a minimum of (Form Provided)
                                                                          C    Completed Exhibit Checklist 40% architectural
Drawings:
                                 be
                      drawings T submitted with each application.
                        T               T   X    T      T       T         D    Application (Form Provided)
                                                                                   SECTION I. APPLICANT & CO-SPONSOR
                       T         T        T      X    N          T       T   1.5Organizational Documents
                      For the initial application submission, complete the yellow highlighted Submission Date field in the
Application           Exhibit Checklist and "X" all items that will be submitted in the initial submission. For all subsequent
Submission:           updates to the application, click "Insert Blank Exhibit Checklist" button, "X" only the items that have
                      changed and update the Submission Date.




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Instructions                                                          2 of 60
                                                          WORKBOOK INSTRUCTIONS




Proforma Stabilized The development's proforma stabilized year is entered in Exhibit 3.4 Development Schedule. All
Year:               income and expenses should be stabilized year projections.



                    Section 1.12 of the Application form requires that applicants provide background information on your
Applicant
                    organization's capacity to complete the proposal. Make sure that the written description includes
Performance:
                    both your CHFA and DECD developments.




                                              "X" if submitted                            THIS FORM MUST BE SUBMITTED WITH INITIAL APPLICATION & ALL RESUBMISSIONS    CHFA/
                                                                                                                                                                     DECD use
                         DECD Funding                     CHFA Funding                                                                                                 only
                                                                                        Exhibit
                      Program   Project   Financing Next Steps       LIHTC       HTCC
                                                                                        Number
                     T          T         T      X    T          T           T            A       Cover Sheet (Form Provided)
                     T          T         T      X    T          T           T            B       Summary Sheet (Form Provided)
                     T          T         T      X    T          T           T            C       Completed Exhibit Checklist (Form Provided)
                     T          T         T      X    T          T           T            D       Application (Form Provided)
                                                                                                  SECTION I. APPLICANT & CO-SPONSOR
                     T          T         T      X    N          T           T            1.5     Organizational Documents




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Instructions                                                                       3 of 60
                                                                                                                                                                       Version 2: 2009
                                                                                    EXHIBIT CHECKLIST                                                                 Submission Date:


      DEVELOPMENT NAME                                                 0                                               APPLICANT                               0

         = Not applicable                                        N = Non-Threshold Item - if applicable, required prior to approval. If available, include with application.
T = Threshold Item - if applicable, required at application submission                             T* = LIHTC Threshold in QAP
                           "X" if submitted                                THIS FORM MUST BE SUBMITTED WITH INITIAL APPLICATION & ALL RESUBMISSIONS                         CHFA/
                                                                                                                                                                           DECD use
    DECD Funding                        CHFA Funding
                                                                                                                                                                             only
                                        Next                           Exhibit
Program      Project   Financing                    LIHTC       HTCC
                                        Steps                          Number
T          T           T            T           T           T                A       Cover Sheet (Form Provided)
T          T           T            T           T           T                B       Summary Sheet (Form Provided)
T          T           T            T           T           T                C       Completed Exhibit Checklist (Form Provided)
T          T           T            T           T           T                D       Application (Form Provided)
                                                                                     SECTION I. APPLICANT & CO-SPONSOR
T          T           T           N            T*          T               1.5      Organizational Documents
T          T           T            T                                       1.6      Financial Statements and Annual Operating Budget
T          T           T            T                                       1.7      Applicant Capacity (Form Provided)
T          T           T            T           T*                          1.8      Explanation of Bankruptcy
T          T           T            T           T*                          1.9      Explanation of Current Taxes
                                                                                     SECTION II. DEVELOPMENT TEAM
T          T           T            T           T*          T               2.1      Qualified Development Team Contact Information (Form Provided)
                       T           N            T                          2.2.a     Connecticut Real Estate Broker’s’ License
                       T           N            T                          2.2.b     Agent is registered to do business in the State of Connecticut
                       T           N            T                          2.2.c     Experience in management of multifamily residential housing
                       T           N            T                          2.2.d     Experience managing LIHTC developments
                       T           N            T                          2.2.e     List of all multifamily housing developments the Agent has managed
                       T           N            T                           2.2.f    Financial statements of the Management Company
                       T           N            T                          2.2.g     Company profile
                       T           N            T                          2.2.h     Maintain an office within the State of Connecticut
                       T           N            T                           2.2.i    Statement of familiarity and intention
                       N           N            N                           2.2.j    CHFA staff visit Management Agent property
                       N           N            N                          2.2.k     Oral presentation of management services
T          T                                                                2.3      Construction Procurement Plan
                                                                                     SECTION III. DEVELOPMENT
           T                                    T           T              3.1.a     Qualified Census Tract
T          T           T           N            T                           3.3      Narrative
T          T           T           N            T           T               3.4      Development Schedule (Form Provided)
           T                                                                3.5      Previous Financial Involvement
           N           N           T            T*          T               3.6      Planning & Zoning Board Approval
           T           T            T           T*          T               3.7      Site Control Documentation
           T           T           N            T*          T              3.8.a     Site Plan
           T           T           N            T*                         3.8.b     Site & Building Report (Form Provided)
           N           T           N            T*                         3.8.c     Capital Needs Assessment Report
T          T           T           N            T                          3.8.d     Phase I Environmental Site Assessment or other Site Hazardous Materials Review
N          N           N           N                                       3.8.e     Phase II Environmental Site Assessment report
           T           T           N            T*                         3.9.a     Schematic Drawings
           T           T            T           T*                         3.9.b     Outline Specifications (Form Provided)
           T           T            T           T*          T              3.9.c     Project Cost Summary (Form Provided)
                       N           N                                       3.9.d     Exploded Trade Payment Breakdown (Form Provided)
           T           T            T           T                          3.11.a    Market Survey / Development Need (Form Provided)
T          T                                                               3.11.b    Market Study/Market Analysis/Waiting Lists
T          T                                                               3.12.a    Flood Plain Map
                                                T*                         3.12.b    Floodplain Letter from Local Official




    C:\Docstoc\Working\pdf\File \ Exhibit Checklist                                                                                                                            4 of 60
                                                                                                                                                                       Version 2: 2009
                                                                                   EXHIBIT CHECKLIST                                                                  Submission Date:


      DEVELOPMENT NAME                                                 0                                            APPLICANT                                  0

         = Not applicable                                        N = Non-Threshold Item - if applicable, required prior to approval. If available, include with application.
T = Threshold Item - if applicable, required at application submission                             T* = LIHTC Threshold in QAP
                           "X" if submitted                                THIS FORM MUST BE SUBMITTED WITH INITIAL APPLICATION & ALL RESUBMISSIONS                         CHFA/
                                                                                                                                                                           DECD use
    DECD Funding                        CHFA Funding
                                                                                                                                                                             only
                                        Next                           Exhibit
Program      Project   Financing                    LIHTC       HTCC
                                        Steps                          Number
                                                                                    SECTION IV. RENTAL DEVELOPMENTS (N/A for Homeownership Projects)
           T           T            T           T*          T               4.1     Rental Income Calculation Worksheet (Form Provided)
           T           T            T           T*          T              4.2.a    Detailed Income & Expense Form (Form Provided)
N          N           T           N            T                          4.2.b    Line by Line Explanation of Expenses
           T           T            T           T           T              4.2.c    Expense Summary (Generated Form)
           T           T           N            T                          4.2.d    Tax Schedule
           T           T           N            T                          4.2.e    Real Estate Tax Estimate / PILOT
           T           T            T           T*                          4.3     Cash Flow Projection (Generated Form)
           N                                                                4.4     Model Lease
           T           T           N            T*          T               4.5     Evidence of Utility Allowance and Source
                                                                                    SECTION V. FINANCING
                                                T*                          5.1     Eligible Basis
                                                T*                          5.2     Syndication Expenses
T          T           T            T           T*          T               5.3     Development Budget (Form Provided)
                       T                        T*                          5.5     LIHTC Calculation (Form Provided)
T          T           T            T           T*          T               5.6     Sources of Funds (Form Provided)




    C:\Docstoc\Working\pdf\File \ Exhibit Checklist                                                                                                                            5 of 60
                                                                                     Version 2: 2009
                                                                   COVER SHEET      Submission Date:




                         Development Name           0


                                   City / Town      0


  Indicate the program this application is for:




                                     Applicant      0


                                    Developer       0


                                     Architect      0


                                   Consultant       0


                                   Contractor       0


                           Property Manager         0


                                  Site Control      N/A


                           Underlying Zoning        No


                                  Affordability      Years



Please provide a brief narrative outlining the proposed development below:




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Cover Sheet       6 of 60
                                                                                                                                                Version 2: 2009

                                                                      DEVELOPMENT SUMMARY                                                   Submission Date:



                     DEVELOPMENT NAME                                 0                  APPLICANT                                0

     PERMANENT SOURCES of FUNDS                                                   FUNDING GAP
     CHFA SOURCES                                                 0               TOTAL SOURCES                0
     CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]               0               TOTAL USES                   0
     CHFA 1st Mortg. Loan [ Taxable Bonds ]                       0               FUNDING GAP                 $0
     CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                   0
     CHFA Next Steps Funds                                        0
     Federal LIHTC Net Proceeds                                   0
     CT HTCC Tax Credit Proceeds                                  0
                                                                                  RESIDENTIAL UNIT MIX
     DECD SOURCES                                                 0                                        NUMBER          NUMBER OF     TOTAL
     DECD / HUD HOME Funds                                        0                                       OF RENTAL      HOMEOWNERSHIP NUMBER OF
     DECD Affordable Housing Program - FLEX                       0                                          UNITS            UNITS      UNITS
     DECD Housing Trust Fund                                      0                           0-BR             0                           0
     DECD / HUD CDBG Small Cities Funds                           0                           1-BR             0                           0
     DECD Other [ Specify ]                                       0                           2-BR             0                           0
                                                                                              3-BR             0                           0
     HOMEOWNERSHIP SALES PROCEEDS                                 0                           4-BR             0                           0
                                                                                              5-BR             0                           0
     OTHER SOURCES                                                0                   TOTAL UNITS              0                0          0
                                                                                  Gross Square Feet         #DIV/0!          #DIV/0!     #DIV/0!
                                       TOTAL SOURCES             $0


     USES                                                                         OPERATING PROJECTION
     Construction Hard Costs                          0.0%        0                                                Proforma Stabilized Year =          0
     Construction Contingency                         0.0%        0
     Architectural / Engineering                      0.0%        0                         INCOME
     Finance and Interim Costs                        0.0%        0                         TOTAL RESIDENTIAL REVENUE                                  0
     Soft Costs (Fees and Expenses)                   0.0%        0                         TOTAL NON-RESIDENTIAL REVENUE                              0
     Developer Allow. / Fee (Overhead+Profit)         0.0%        0                         TOTAL OTHER REVENUE                                        0
     Pre-Develop. Carrying Costs                      0.0%        0                                                    GROSS INCOME                    0
     Site Acquisition (Recognized)                    0.0%        0                                            LESS: Overall Vacancy Loss              0
     Capitalized Reserves                             0.0%        0                                    EFFECTIVE GROSS INCOME (EGI)                    0
     Other                                            0.0%        0
                        Recognized Lending Costs      0.0%        0                         EXPENSES                                                   0
     Entity / Syndication / Other Costs               0.0%        0

                                            TOTAL USES           $0                                                ESTIMATED INITIAL NOI              $0



C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Summary Sheet                                                                               7 of 60
                                                                                                                                         Version 2: 2009
                                  CHFA & DECD CONSOLIDATED APPLICATION FORM                                                              Submission Date:
                                           General Information and Rental Developments
                                                   SECTION I. APPLICANT and CO-SPONSOR
Applicant and Co-Sponsor Information
   1.1    Applicant
          Applicant Name

         Applicant Address

         City                                                                                          State                   Zip

         Contact Name                                                                                  Title

         Phone                                                                                         Fax

         Email                                                                                         FEIN

                                                                                                       TIN

   1.2   Co-Sponsor
         Co-Sponsor Name                                                                                     Not Applicable

         Co-Sponsor Address

         City                                                                                          State                   Zip

         Contact Name                                                                                  Title

         Phone                                                                                         Fax

         Email                                                                                         FEIN

         If awarded funds pursuant to this application, will the applicant or co-sponsor be the recipient of funds? If no, please indicate type
         of entity to-be-formed and anticipated name.

   1.3   Please check appropriate Applicant type:
             Individual                                          For-Profit Entity                                   Non-Profit Entity

             Partnership *                                       Limited Liability Company                           Municipality

             Housing Authority                                   Community Housing Development Corp.                 Municipal Developer

             Other

         *Date Corp. or Partnership was established:

   1.4   Please check appropriate Co-Sponsor type
             Individual                                          For-Profit Entity                                   Non-Profit Entity

             Partnership *                                       Limited Liability Company                           Municipality

             Housing Authority                                   Community Housing Development Corp.                 Municipal Developer

             Other

         *Date Corp. or Partnership was established:
         If joint venture, explain the role of the non-profit:




   C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
   f504aa28bc68.xlsApplication                                                                                                                 8 of 60
                                                                                                                            Version 2: 2009
                              CHFA & DECD CONSOLIDATED APPLICATION FORM                                                    Submission Date:
                                     General Information and Rental Developments
1.5   Organizational Documents
      If the applicant or co-sponsor is a legally existing organization, submit a copy of any incorporation documents and bylaws, including
      (if applicable) documentation of non-profit status and certificate of legal existence for the current year. Attach and label as "Exhibit
      1.5"


1.6   Financial Statements and Annual Operating Budget

      Attach the last three years audited financial statements or personal financial statements (include notes and projections) for the
      applicant, co-sponsors, and principals. If the Applicant and/or Co-Sponsor is newly formed with no historical financial statements,
      then please provide financial statements for the parent organization. Please provide a copy of the Applicant and Co-Sponsor
      organization’s current approved annual budget delineating state and non-state funding. Also identify any state agencies providing
      funding. Attach and label as “Exhibit 1.6”

1.7   Applicant and Co-Sponsor’s Capacity (Form Provided)
      On the Applicant Capacity form provided, please identify:
a.    1. All developments currently underway by the Applicant or co-sponsor
b.    2. Developments completed in the last five years
c.    3. Five completed developments of similar type and scale in the last five years
      Attach and label as "Exhibit 1.7"

1.8   Bankruptcy
      Has the Applicant, Co-Sponsor, or any members of its development team, ever declared bankruptcy?
      If "Yes", attach explanation and label as "Exhibit 1.8"

1.9   Taxes
      Are the Applicant and Co-Sponsor current on all local, state, and federal taxes?
      If "No", attach explanation and label as "Exhibit 1.9"

                                                 SECTION II. DEVELOPMENT TEAM

2.1   Qualified Development Team Contact Information (Form Provided)
      Provide information identifying the proposed qualified development team members on the form provided. Provide descriptions of
      relevant experience and qualifications for each team member. Include resumes for all development team members. Attach and
      label as "Exhibit 2.1"


      If State or Federal Funds are to be used for architectural and engineering services then
      DECD Procurement Standards and HUD CPD Notice 96-05 apply.



2.2   Management Agent Approval (CHFA Only)
      The Connecticut Housing Finance Authority (CHFA) approves a proposed Management Agent (Agent) on an individual property
      basis. At the time of application for CHFA financing, the sponsor is required to submit a list of Qualified Development Team
      members. The proposed Agent must be a qualified member of the team. In order to obtain CHFA approval as a Qualified
      Management Agent, the Agent must satisfy the requirements listed below. Please note the same requirements apply to existing
      properties where a change in Agent is contemplated.

      2.2.a. Demonstrate that the Agent is a licensed Real Estate Broker in good standing in the State of Connecticut (A copy of a
      Connecticut Real Estate Broker’s’ License is required.) Exemptions to this requirement are enumerated in C.G.S. 20-329. The
      exemptions include: “Any person who as owner or lessor performs any of the acts enumerated in Section 20-311 with reference to
      property owned, leased or sought to be acquired or leased by the person, or to the person’s regular employees who are employed as
      on-site residential superintendents or custodians….(5) persons in the employ of the federal or state government or any political
      subdivision thereof while acting in the course of such employment….(6) any employee of any non-profit housing corporation that (A)
      has been certified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code…., or (B) manages a housing
      project assisted in whole or in part by the federal government pursuant to Section 8 of the United States Housing Act…”. Attach
      and label as “Exhibit 2.2.a"
      2.2.b. Provide documentation from the Office of the Secretary of State indicating that the Agent is registered to do business in the
      State of Connecticut. Attach and label as “Exhibit 2.2.b"




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                       9 of 60
                                                                                                                              Version 2: 2009
                                  CHFA & DECD CONSOLIDATED APPLICATION FORM                                                   Submission Date:
                                       General Information and Rental Developments

       2.2.c. Demonstrate training and experience in management of multifamily residential housing acceptable to CHFA in at least one of
       the following ways:
       (a) Have managed low/moderate income housing assisted under Section 8, 202, 221(d)(3)(4), or 236 of the National Housing Act for
       a period of not less than one year;
       (b) Have managed conventionally-financed or unassisted multifamily housing for low/moderate income families for a period of not
       less than three years; or
       (c) Have completed specialized courses in the management of low and moderate income housing.

       Attach and label as “Exhibit 2.2.c"

       2.2.d. For developments receiving Low Income Housing Tax Credits (LIHTC), provide documentation evidencing knowledge of and
       experience managing LIHTC developments as well as copies of LIHTC certifications received by staff.

       Attach and label as “Exhibit 2.2.d"

       2.2.e. Provide a list of all multifamily housing developments the Agent has managed, including all FHA-insured, HUD subsidized,
       LIHTC and conventionally-financed developments. Previous Participation Certificates (Form found in Exhibit 9.3) must be completed
       by Owner and Agent. Attach and label as “Exhibit 2.2.e"
       2.2.f. Provide financial statements of the Management Company reflecting current financial status and resources.
       Attach and label as “Exhibit 2.2.f"

       2.2.g. Provide a company profile including a list of principals and an organizational chart; staff resumes, experience and professional
       designations; and a list of employees to be assigned to the property and their specific duties. Attach and label as “Exhibit 2.2.g"

       2.2.h. Provide a statement of familiarity and intention to confirm that the Agent will maintain an office within the State of Connecticut
       at which all books, documents, and records of the development are made available to CHFA or its designees for examination at
       reasonable times. Attach and label as “Exhibit 2.2.h"
       2.2.i. Provide a statement of familiarity and intention to comply with requirements as stated in CHFA’s loan documents, policies and
       procedures. Attach and label as “Exhibit 2.2.i"
       2.2.j. Arrange for CHFA staff to visit the Agent’s office and sites currently managed. Attach and label as “Exhibit 2.2.j"
       2.2.k. Provide an oral presentation of management services and experience to CHFA staff. Attach and label as “Exhibit 2.2.k"

2.3    Construction Procurement Plan (DECD Only)
       Applicant and Co-Sponsors seeking State or Federal funds through DECD are required to use, at a minimum, a Request for
       Proposals Process in selecting their General Contractor. Provide your construction procurement plan in accordance with DECD’s
       Procurement Standards. Attach and label as “Exhibit 2.3"

                                                      SECTION III. DEVELOPMENT

3.1    Development Information

Development Name

Development Address*                                                                              County

City                                                                                              State                Zip
Metropolitan Area
Chief Elected Official Name (LIHTC only)
Chief Elected Official Address (LIHTC only)
       3.1.a. Is Development Located in a Qualified Census Tract or Difficult Development Area?
       * If yes, submit documentation from the City/Town Planner or Regional Planning Office of the project census tract. Attach and label
       as “Exhibit 3.1.a”
                 Census Tract                                                     Congressional District
       State Senate District(s)                                                   State House District(s)

       3.1.b. How many years will the development remain affordable?
       3.1.c. Is Development applying for the 4% LIHTC Acquisition Credit?



C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                        10 of 60
                                                                                                                           Version 2: 2009
                             CHFA & DECD CONSOLIDATED APPLICATION FORM                                                     Submission Date:
                                     General Information and Rental Developments
3.2   Development Scope


                                                           Total Units          New Construction              Rehab

                   Total number of units                        0

        Number of Income Restricted Rental Units                0
        Number of Income Restricted Homeowner
                        Units                                   0

                   Number of Buildings                          0

            Number of CHFA Restricted Units                     0

            Number of DECD Restricted Units                     0

        Number of Non-Income Restricted Units                   0
      Number of Restricted Units that are co-funded
                 by CHFA and DECD                               0

3.3   Narrative
      Include a narrative and attach and label as “Exhibit 3.3”
      For CHFA and DECD Projects , please provide a detailed description of the proposed construction and/or rehabilitation and other
      material aspects of the development. At a minimum include:
           Description of the neighborhood land use patterns and community demographics of the proposed development’s surrounding
           area, contiguous land uses and the nature of the subject site including all existing improvements. Attach a location map, plot
           plan and/or site layout.
           Description of how this development proposal complies with the Connecticut State Plan of Conservation and Development,
           Connecticut State Statutes, DECD’s Consolidated Plan, the Connecticut State Long Range Housing Plan, the Next Steps RFP,
           the State Qualified Allocation Plan, and/or other city plans, as applicable.
           If Residential Equipment is different in qualified units from market rate units, describe.
      For DECD Programs , please describe the goals and objectives for the program seeking capitalization.
      Include in your narrative responses to the following:
          Describe the type and level of assistance that will be provided through the program and the criteria for determining the type of
          assistance offered? Include a description of the target area and strategies for marketing the program? Identify the projected
          number of loans/grants to be funded through the program, the target population, and the time period to complete the program.
          Identify how the program will operate, including application intake, application review, financial underwriting, the available forms
          of assistance available to sub recipients and the criteria for determining the types of assistance offered, construction oversight
          and HQS monitoring, and legal oversight. Identify staffing needs, including specific staff roles and projected weekly hours to be
          spent on the program. Specific responsible staff must be identified for each component, including intake, application review and
          underwriting, construction services, HQS inspections, and ongoing oversight and enforcement. Include a description of the
          internal review process to assure compliance with environmental and site issues, such as floodplain compliance, wetlands,
          hazardous materials such as lead paint and asbestos, and other site and building issues.
          For first-time homebuyer programs, give a detailed description of the pre and post purchase counseling/training that will be
          provided. Include identification of who will conduct the training and their relevant experience. Also provide time frames (when)
          and time periods (how long) for the training.
          For homeownership projects, identify who will be responsible for long-term oversight of the project. This includes monitoring for
          foreclosures, potential defaults and the resale and/or recapture provisions.
          For rehabilitation programs, include your rehabilitation standards.

3.4   Development Schedule (Form Provided)
      Submit a development schedule based on key events (acquisition, planning and zoning approval, construction, occupancy, etc.).
      Attach and label as "Exhibit as 3.4"

3.5   Does the Applicant and/or Co-Sponsor have a previous financial involvement with this property?                        Yes
      If yes, please provide a description and attach and label as “Exhibit 3.5”

C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                     11 of 60
                                                                                                                               Version 2: 2009
                              CHFA & DECD CONSOLIDATED APPLICATION FORM                                                        Submission Date:
                                      General Information and Rental Developments
3.6   Please indicate the level of zoning approval in the chart below:
                                                                                     Yes            No          Not Required
      Underlying Zoning – Does the present Zoning allow the proposed
      development as it is designed?
      Special Permits Received
      Variances Received
      Inland Wetlands Permits Received
      Site Plan Approved
      In addition, attach and label as “Exhibit 3.6” documentation of zoning approval. Note, if the development is rehabilitation, please
      provide a letter from the local Planning and Zoning Board stating that no additional approvals are necessary to complete the
      rehabilitation.

3.7   Site Control (check all that apply)
      Please attach copies of all site control documents received to date.    Attach and label as “Exhibit 3.7”

                                                                                  Number of
                                                                                   Parcels
      Deed
      Option Agreement*
      Purchase Contract*
      Ground Lease
      Other (i.e. -- designated/preferred developer agreement)

      Deed                    Acquisition Price                               Acquisition date
      Option Agreement*       Expiration Date
      Purchase Contract*      Expiration Date
      Ground Lease             Ground Lessor                                                               Maturity Date
      Other (i.e. -- designated/preferred developer
      agreement)

      Disclosures to Seller: An Applicant or Co-Sponsor using DECD HOME funds to acquire
      property must notify sellers in writing that the acquisition is completely voluntary and that such
      Applicant and Co-Sponsor does not have the power of Eminent Domain. (See DECD website
      for form). See DECD Appraisal Policy if application includes acquisition.


3.8   Site Plan
      3.8.a. Please provide a preliminary site plan including building footprint(s) and all site improvements (minimum scale: 1” = 20’).
      Include quantitative information on gross and net square footages, building heights, parking requirements, etc. Attach and label as
      “Exhibit 3.8.a”
      3.8.b. Please complete a Site and Building Report for each development site. (Form Provided)
      For multiple or scattered-site developments, please also attach a detailed list of all proposed development sites. Attach and label
      as “Exhibit 3.8.b”

      3.8.c. For CHFA Financing and DECD financing on projects involving rehabilitation, a Capital Needs Assessment (CNA) is required
      to be submitted at time of application. The Assessment is required to have been conducted within 6 months of the finance
      application date. The Owner/Developer shall commission licensed Architectural/ Engineering professionals to conduct a physical
      assessment and evaluation of all building components to remain during the renovation. The findings of the Architectural/Engineering
      professional shall be compiled into a CNA Report. In the case of a complete gutting of buildings, a Structural Needs Assessment
      Report by a Structural Engineer and an Architectural Needs Assessment Report (to maintain functional and aesthetic integrity of
      such component) by an Architect are required to be submitted (see section 00052 of the CHFA Standards of Design and
      Construction).
      Attach and label as "Exhibit 3.8.c"




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                        12 of 60
                                                                                                                           Version 2: 2009
                             CHFA & DECD CONSOLIDATED APPLICATION FORM                                                    Submission Date:
                                     General Information and Rental Developments

      3.8.d. Please provide a Phase I Environmental Site Assessment Report. Attach and label as “Exhibit 3.8.d” The Phase I
      Environmental Site Assessment Report must be prepared by a Connecticut Licensed Environmental Professional. The qualification
      of both a professional firm and the specific environmental consultant shall be included in the completed report. Also if any existing
      buildings are located on the property, attach other environmental documents including a hazardous building material survey/report
      that identifies other items such as asbestos, lead paint, etc. Please note that separate CT Licensed Consultants for lead paint and
      asbestos are required per state regulations to perform this work. Please also note, for CHFA Financing and Next Steps, the
      Authority engages an outside third-party consultant (at the Applicant’s expense) to review environmental reports for conformance to
      the “CHFA Environmental/Hazardous Materials Review Guidelines”. These guidelines, which can be accessed on the Authority’s
      web page, state that the environmental consultant shall be a Connecticut licensed professional (“LEP”) listed on the “CTDEP List of
      Licensed Environmental Professionals”. Please also note, for CHFA, environmental reports must be conducted or updated within the
      previous six months of the application submission.

      3.8.e.   Has there been any additional studies or remediation on the property?
                             Phase II
                             Phase III
                             Remediation
       If "Yes", attach and label as "Exhibit 3.8.e"

3.9   Schematic Drawings
      Include all of the following items if completed. Check the items that are included with this application. If any items below are NOT
      included, attach documentation stating why it has not been submitted and when it will be submitted.

      CHFA Financing, Low-Income Housing Tax Credits, Next Steps and all DECD applications require that a minimum of Schematic
      Drawings, Outline Specifications and Project Cost Summary (Construction Schedule of Values) must be submitted at time of
      application. Note that both agencies will assign Rating and Ranking points based on the level of completeness of construction
      documents. Check with the agency you are applying to for a description of Rating and Ranking criteria.

      For CHFA, prior to Board consideration the construction documents need to be at a minimum of 40% complete and an Exploded
      Trade Payment Breakdown must be submitted. For DECD projects, the construction documents must be 100% complete prior to
      closing and/or to the Department's request for Bond Commission funding for projects requiring individual Bond Commission
      approval.

      LIHTC – Schematic Drawings and Project Cost Summary (Construction Schedule of Values) are required at time of application.
      Points will be awarded for either 10% or 40% complete Construction Documents.

      HTCC – A Site Plan, Location Map and Project Cost Summary (Construction Schedule of Values) are required at time of application.

                              Proposed floor plans, elevations and residential unit layouts for each building and unit type in the proposed
                              development. (minimum scale: 1/8” = 1’– 0”). Attach and label as “Exhibit 3.9.a”

                              Outline Construction Specifications (Form Provided)
                              Attach and label as "Exhibit 3.9.b"
                              Project Cost Summary (Construction Schedule of Values) (Form Provided)
                              The construction cost estimates should include the identity and contact information of the party who prepared
                              the estimates (i.e. architect, general contractor, cost estimation consultant, etc.). Please note, this form
                              should be completed with initial application submission. Please also note, the Allowance line item entries are
                              only required after the AIA Owner/Contractor Agreement has been signed.
                              Attach and label as "Exhibit 3.9.c"

                              Exploded Trade Payment Breakdown (Form Provided)
                              To be submitted to CHFA with 40% drawings. Attach and label as "Exhibit 3.9.d"
                              Please note, residential and commercial costs should be inputted separately. Please also note, to avoid
                              duplication, a Project Cost Summary that is linked to the Exploded Trade Payment Breakdown may be
                              submitted with 40% drawings.

                              Project Cost Summary - Linked (Form Provided)




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                     13 of 60
                                                                                                                               Version 2: 2009
                              CHFA & DECD CONSOLIDATED APPLICATION FORM                                                       Submission Date:
                                      General Information and Rental Developments
3.10 Reduction of Affordable Units
     Will the proposed development result in a reduction of affordable units?
      If yes, please complete the following chart and provide the Applicant and Co-Sponsor’s plan to replace the units in accordance with
      Section 104(d) (Barney Frank Amendment). Please provide copies of all local official document certifying any units that are not
      suitable for rehabilitation. Attach and label as “Exhibit 3.10"

                                                         60% AMI or below       60% - 80% AMI
                               How many units will be
                               lost?
                               How much square
                               footage will be lost?


3.11 Market Information
     3.11.a. Market Survey / Development Need. Please provide a brief description that demonstrates the need for this development and
     that describes the local market conditions including the supply of affordable housing. Please note, CHFA commissions a market
     study at the applicant's expense following Board approval for Financing or Low-Income Housing Tax Credits.
      In addition, attach the Market Survey (Form Provided).
      Attach and label as “Exhibit 3.11.a”
      3.11.b. Market Study/Market Analysis/Waiting Lists (DECD Only) If applying for DECD funds, development need must also be
      documented by either a market analysis, market study, or waiting list. The age and source of data is critical. The more relevant and
      reliable the data, the more weight it will be given during application review. For example, waiting lists that are current and purged will
      receive the highest rating. Data will be evaluated by appropriate standards such as validity of methods, sample size and relevance
      of data to the specific project proposed. Multiple data sources are evaluated favorably, though having one very solid source is
      preferable to multiple soft sources. Attach and label as “Exhibit 3.11.b"

3.12 Flood Zone
     3.12.a. Is the proposed development site(s) located in a 100 year or 500 year FEMA mapped flood zone?
      If "Yes", identify 100 year or 500 year and attach FEMA Flood Plain Map as "Exhibit 3.12.a." (DECD Only)
                                                                                                           100 year
                                                                                                              500 year
      3.12.b. Letter from local official or project attorney concerning the site’s location in or not in a floodplain. Attach and label as
      "Exhibit 3.12.b" (LIHTC Only)

      DECD will NOT financially support any residential development in a 100 year or 500 year
      FEMA mapped flood zone with State or Federal funds per Conn. Gen. Stat. Sec.25-68b.
      However CHFA may consider such proposals for financing.



                                                SECTION IV. RENTAL DEVELOPMENTS

4.1   Rental Income Calculation Worksheet (Form Provided)
      In the provided form, identify the rent structure of the development by income targets, bedroom mix, and populations to be served.
      This exhibit also identifies Utility Allowances and amenities. If development is utilizing rental subsidies, include executed rental
      assistance contract or other documentation from appropriate agency. Please note, for DECD projects, the applicant’s proposed
      Monthly Gross Rent CANNOT exceed the current allowable DECD program rents for the funding source being requested. Attach
      and label as "Exhibit 4.1"


4.2   Operating Expenses
      4.2.a. Detailed Income and Expenses (Form Provided)
      Please complete the attached detailed income and expense form for the initial stabilized year. Attach and label as "Exhibit 4.2.a"


      4.2.b. Line by Line Explanation of Expenses
      Please explain all income and expense line items in an attached document. Provide a written summary and cost estimate for each
      line item. Attach and label as "Exhibit 4.2.b"



C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                         14 of 60
                                                                                                                             Version 2: 2009
                              CHFA & DECD CONSOLIDATED APPLICATION FORM                                                     Submission Date:
                                      General Information and Rental Developments

      4.2.c. Expense Summary (Form Provided)
      The Expense summary is self-generated based on the Detailed Income and Expenses Form. No input required. Attach and label
      as "Exhibit 4.2.c"
      4.2.d. Tax Schedule
      Please provide documentation from the local Tax Assessor regarding the estimated “as developed” annual real estate tax burden on
      the property for the selected pro forma year. If full taxes are not to be paid (i.e. full or partial abatement), provide a year-by-year
      analysis of the proposed real estate tax schedule and include the annually scheduled amounts as part of the Cash Flow Projection.
      Attach and label as "Exhibit 4.2.d"

      4.2.e. Tax Abatement / PILOT
      Is there a proposed or actual tax abatement or Payment in Lieu of Taxes (PILOT) associated with this
      development?
       If "Yes", attach evidence and label as “Exhibit 4.2.e”

4.3   Cash Flow Projection
      The Cash Flow Projection is self-generated based on information entered in other sections of the application. No input required.
      Attach and label as “Exhibit 4.3”

4.4   Model Lease (DECD only)
      Please attach a copy of the proposed model lease to be used in the development. Attach and label as “Exhibit 4.4”

4.5   Evidence of Utility Allowance and Source
      Please provide a copy of a utility allowance schedule from one of the following, as applicable: certification from local utility company
      estimating utility costs, schedule from local Public Housing Authority, Section 8 Utility Allowance schedule or DSS Utility Allowance
      Schedule. If no schedule is provided, the Section 8 schedule will be utilized.
      Attach and label as “Exhibit 4.5”

                                                       SECTION V. FINANCING


5.1   Eligible Basis (LIHTC only)
      Attestment letter from tax counsel re: eligible basis. Attach and label as “Exhibit 5.1”

5.2   Syndication Expenses (LIHTC only)
      Itemized list of all syndication related expenses. Attach and label as “Exhibit 5.2”

5.3   Development Budget (Form Provided)
      Please provide an itemized budget listing all proposed uses of funds (hard and soft costs) for the development. For proposals using
      Federal Low Income Housing Tax Credits (LIHTCs), Applicant and Co-Sponsors should provide a separate calculation showing how
      the anticipated amount of net LIHTC proceeds shown in the proposed sources of funds was calculated or determined. Include a
      letter or term sheet from the proposed syndicator or investor evidencing availability and applicable terms. Attach and label as
      "Exhibit 5.3"

      For DECD requests, applicants must identify the specific uses of DECD funds since certain
      uses may trigger specific federal compliance requirements. Identify these costs in the two right
      hand columns of the development budget.


5.4   Labor Standards/Prevailing Wages (DECD HOME Program ONLY)
      For projects that trigger federal prevailing wage requirements, the bid and construction documents must include all standard Federal
      Labor Compliance clauses and the cost estimate must be based on Davis-Bacon costs. Contact your DECD Project Representative
      prior to submission of the application to determine if Federal Labor requirements will be triggered. The DECD website includes
      boilerplate contract language and Federal Wage Rates as appropriate. Developers, Consultants, Contractors and Subcontractors
      must be cleared from State and Federal Suspended and Debarred Contractors Lists.

      Will Davis Bacon wage rates be required for this project? (check "Yes" if there will be 12 or more HOME assisted
      units)

5.5   LIHTC Calculation (Form Provided)
      Complete the LIHTC Calculation worksheet. Attach and label as "Exhibit 5.5"


C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                       15 of 60
                                                                                                                               Version 2: 2009
                              CHFA & DECD CONSOLIDATED APPLICATION FORM                                                        Submission Date:
                                      General Information and Rental Developments
5.6   Sources of Funds (Form Provided)


      Complete the Sources of Funds exhibit. List all proposed sources for both construction and permanent financing. Be
      as descriptive as possible. Provide terms and repayment provisions for all financing, including a detailed description of
      the terms and sources for interim or bridge financing, if any. If proposal includes LIHTC, a syndication letter setting
      forth the discounted value of the credit must be provided. Include copies of all funding commitments.
      For DECD applications please provide any and all letters of commitment that you have at this time. Funding
      commitments for all funding sources are not required at the time of application and DECD may issue a non-binding
      letter of financing interest without funding commitments. However, applications are scored based on the level of
      commitment from other sources. Lack of funding commitments will negatively impact an applications rating and ranking
      score.
      For CHFA financing, Funding commitments for all funding sources are not required at the time of application, and
      CHFA may issue a non-binding letter of financing interest without funding commitments; however, CHFA requires
      commitment letters from all funding sources prior to presenting a financing proposal for consideration by CHFA’s Board
      of Directors.
      For 9% LIHTC, a credible financing plan is a threshold requirement to receive a 9% LIHTC award; therefore, all funding
      commitments must be submitted by the end of the application deficiency period. For 4% LIHTC applications with Tax-
      Exempt Bond financing, CHFA requires commitment letters from all funding sources prior to presenting a Tax-Exempt
      Bond financing proposal for consideration by CHFA’s Board of Directors.
      Attach and label as "Exhibit 5.6"

5.7   Applicant and Co-Sponsor’s Financing Request
                                                                                  Permanent
                                                           Construction            Funding
                                                          Funding Amount           Amount
      HOME                                                       0                    0
      Affordable (FLEX)                                          0                    0
      Housing Trust Fund                                         0                    0
      CHFA Multifamily Fin.                                      0                    0
      Next Steps                                                 0                    0

5.8   Applicant and Co-Sponsor’s Equity Request
                                                           Construction           Permanent
                                                          Funding Amount           Funding
      LIHTC Proceeds (Fed)                                       0                    0
      HTCC Proceeds (State)                                      0                    0

      NOTE: *The Department of Economic and Community Development and the Connecticut Housing Finance
      Authority reserve the right to determine the financing instrument, if any, they will offer the applicant regardless of
      the application request, based on the outcome of each agency’s underwriting.




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
f504aa28bc68.xlsApplication                                                                                                        16 of 60
                                                                                                                                    Version 2: 2009
                                  CHFA & DECD CONSOLIDATED APPLICATION FORM                                                     Submission Date:
                                          General Information and Rental Developments



The undersigned understands that he/she may be prosecuted for false statement under the laws of the State of Connecticut
under Section 53a-157 of the General Statutes, as amended from time to time, for any false statement made herein; and, the
undersigned has been duly authorized to submit the attached in its name.


It is hereby represented by the undersigned as an inducement to the Department of Economic and Community Development
and the Connecticut Housing Finance Authority to consider the financial assistance requested herein, that to the best of my
knowledge and belief no information or data contained in this application or in the attachments are in any way false or
incorrect and that no material information has been omitted. The undersigned understands that the Department of Economic
and Community Development and/or the Connecticut Housing Finance Authority will rely on the information in this application
and that, if the application is approved, any deliberate omissions, misrepresentations and/or incorrect statements in this
application may result in withdrawal of the application from the review process at the Department of Economic and
Community Development’s and/or the Connecticut Housing Finance Authority’s discretion.


The undersigned agrees that banks, credit agencies, the Connecticut Department of Labor, the Connecticut Department of
Revenue Services, the Connecticut Department of Environmental Protection, and other references are hereby authorized
now, or anytime in the future, to give the Department of Economic and Community Development and/or the Connecticut
Housing Finance Authority any and all information in connection with matters referred to in this application, including
information concerning the payment of taxes by the Applicant and Co-Sponsor. In addition, the undersigned agrees that any
funds that may be provided pursuant to this application be utilized exclusively for the purposes represented in this application,
as may be amended and accepted by the Department of Economic and Community Development and/or the Connecticut
Housing Authority.

The undersigned understands that he/she may be prosecuted for false statement under the laws of the State of Connecticut
under Section 53a-157 of the General Statutes, as amended from time to time, for any false statement made herein; and, the
undersigned has been duly authorized to submit the attached in its name.




Applicant Signature                                                                                                  Date




Co-Sponsor Signature                                                                                                 Date




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls35056fbd-cdd3-407c-aaf8-
    f504aa28bc68.xlsApplication                                                                                                         17 of 60
                                                                                                                                          Version 2: 2009
                                                      Exhibit 1.9.b. - APPLICANT CAPACITY FORM                                           Submission Date:



  DEVELOPMENT NAME                              0                                          APPLICANT                              0

CURRENT PROJECTS UNDERWAY
                                                                                                               Planned        Total
                                                                                           # of     Date      Completion   Development
Applicant/Co-Sponsor Name                 Project Name                         Stage      Units   Initiated      Date        Budget      Town/ City




PROJECTS COMPLETED
                                                                                                                              Total
                                                                                           # of     Date        Date       Development
Applicant/Co-Sponsor Name                 Project Name                     Project Type   Units   Initiated   Completed      Budget      Town/ City




PROJECTS OF SIMILAR TYPE & SCALE
                                                                                                                              Total
                                                                                           # of     Date        Date       Development
Applicant/Co-Sponsor Name                 Project Name                     Project Type   Units   Initiated   Completed      Budget      Town/ City




   C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Applicant Capacity                                                       18 of 60
                                                                                                                                            Version 2: 2009
                                  Exhibit 2.1 - QUALIFIED DEVELOPMENT TEAM CONTACT INFORMATION                                             Submission Date:



DEVELOPMENT NAME                                      0                              APPLICANT                                   0

APPLICANT
(Owner/Mortgagor):                0
                    Address:      0
                                  , 0                                                         Website:
                 Principal(s):
            Contact Person:       0                                                     Email Address:     0
         Telephone Number:        0                                                       Fax Number:      0

         Identity of interests:       Yes        No                    Entity:
DEVELOPER
(Legal Name):
                    Address:
                                                                                              Website:
                 Principal(s):
            Contact Person:                                                             Email Address:
         Telephone Number:                                                                Fax Number:

         Identity of interests:       Yes        No                    Entity:


ARCHITECT
                    Address:
                                                                                              Website:
                 Principal(s):
            Contact Person:                                                             Email Address:
         Telephone Number:                                                                Fax Number:

         Identity of interests:       Yes        No                    Entity:


ENGINEER
                    Address:
                                                                                              Website:
                 Principal(s):
            Contact Person:                                                             Email Address:
         Telephone Number:                                                                Fax Number:

         Identity of interests:       Yes        No                    Entity:


CONSULTANT
                    Address:
                                                                                              Website:
                 Principal(s):
            Contact Person:                                                             Email Address:
         Telephone Number:                                                                Fax Number:

         Identity of interests:       Yes        No                    Entity:
    Services to be provided:
            Estimated Cost:                                                          Estimated Hours:
      SS / Federal Tax ID #:                                                                    Is this firm a certified Small Business firm?
                                                                                  Is this firm a certified Minority/Women-Owned Enterprise?




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Dev Team Info                                                                    19 of 60
                                                                                                    Version 2: 2009
                                  Exhibit 2.1 - QUALIFIED DEVELOPMENT TEAM CONTACT INFORMATION     Submission Date:




CONTRACTOR
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:

         Identity of interests:   Yes            No                    Entity:

PROPERTY MANAGER
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:


         Identity of interests:    Yes           No                    Entity:


TAX CREDIT SYNDICATOR
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:

         Identity of interests:    Yes           No                    Entity:


SERVICE PROVIDER
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:

         Identity of interests:    Yes           No                    Entity:


OTHER
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:

         Identity of interests:    Yes           No                    Entity:


OTHER
                    Address:
                                                                                       Website:
                 Principal(s):
            Contact Person:                                                       Email Address:
         Telephone Number:                                                          Fax Number:

         Identity of interests:    Yes           No                    Entity:




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Dev Team Info                            20 of 60
                                                                                                                                    Version 2: 2009

                                                        Exhibit 3.4 - DEVELOPMENT SCHEDULE                                         Submission Date:



             DEVELOPMENT NAME                                         0                             APPLICANT                  0

                 Activity                                 Date:                                           CHFA/DECD Use Only
                                                        Month/Year

Current Year:                                             2009
Site:
        Option/Contract
        Site Acquisition
        Zoning Approval
        Site Analysis
Financing:
        Construction Loan
              Loan Application
              Conditional Commitment
              Firm Commitment
        Permanent Loan
              Loan Application
              Conditional Commitment
              Firm Commitment
        Other Loans & Grants
              Type & Source:                                                                 (describe)
              Application
              Award
        Other Loans & Grants
              Type & Source:
              Application
              Award
        Other Loans & Grants
              Type & Source:                                                                 (describe)
              Application
              Award
Plans & Specifications:
              Schematics
              40% drawings

              100% drawings
Closing & Transfer of Property
Construction Start
Completion of Construction
Lease-up
Sustaining Occupancy
Proforma Stabilized Year*
LIHT Credit Placed-In-Service Date


Will project construction be in phases?           Yes                 No


If Yes, please indicate phase below and provide a separate schedule for each
phase on separate sheet.
                                   Phase:


* Proforma Stabilized Year (PSY) is the first full year following lease up with sustaining occupancy. For
example, if sustaining occupancy is projected to occur in March of 2009, the PSY would be 2010.




                                                                      Development Schedule
                                                                                                                       Version 2: 2009
                                      Exhibit 3.8.b - SITE AND BUILDING REPORT                                        Submission Date:



       DEVELOPMENT NAME                               0                          APPLICANT                            0




                                            SECTION 1- GENERAL INFORMATION

Site name (if any):
Address:                 0
Town/City:               0                                      State:       0                           Zip:     0

Type of Housing Proposed:                                                               # of Units:                   0

Acquisition Date             1/0/00

                                           SECTION 2- PROPERTY INFORMATION

Present Owner:
Telephone #:                                      FEIN #:                               SSN (if individual):
Address:
Town/City:                                                      State:                                   Zip:

Present Lessee:
Telephone #:                                      FEIN #:                               SSN (if individual):
Address:
Town/City:                                                      State:                                   Zip:

Option Holder:
Telephone #:                                      FEIN #:                               SSN (if individual):
Address:
Town/City:                                                      State:                                   Zip:

Acreage:                              Shape:                 Dimensions:                              Frontage:

Size of Open Space:                                             Buildable Space Size:

Easements:                                        Liens:                                R.O.W.:

Present Zoning:                                           Required Zoning:

Assessors Map:                         Section:                 Parcel:                    Lot:

Adjacent Property Use:

        North:

        South:

         East:

        West:




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                                 22 of 60
                                                                                                                Version 2: 2009
                                          Exhibit 3.8.b - SITE AND BUILDING REPORT                             Submission Date:



                                                     SECTION 3- PROPERTY ASSESSMENT

For the 2 charts below, check one box for each factor/condition
Site Location:
Facilities                                                                        Distance
Recreation                                              <.5 miles                 .5- 1 miles    1-2 miles             >2 miles
Stores                                                  <.5 miles                 .5- 1 miles    1-2 miles             >2 miles
Schools                                                 <.5 miles                 .5- 1 miles    1-2 miles             >2 miles
Places of Worship                                       <.5 miles                 .5- 1 miles    1-2 miles             >2 miles
Public Transportation                                   <.5 miles                 .5- 1 miles    1-2 miles             >2 miles
Fire Station                                            <.5 miles                 .5- 1 miles    1-2 miles             >2 miles

Site Conditions:
Conditions                                                                        Factors
Access                                                  No Road                   Minor Road     Major Road            Highway
Agricultural Soils                                      None                      Local          State                 PRIME
Floodplain                                              None                      100 yrs        100-500yrs            500+ yrs
Wetlands (swamps, marshes)                              None                      1 - 25%        26 - 50%              >50%
Slope-              Family                              0%                        1 - 10%        11 - 15%              >15%
Slope-              Elderly                             0%                        1 - 5%         6 - 10%               >10%
Water Supply                                            Watershed                 Within 1000'   Private               Wells
                                                        Protected                 of well        Dense                 Sparse
Access to Utilities-      Public Water                  Not Available             Within 500'    Within 200'           At Site
Access to Utilities-      Sanitary Sewers               Not Available             Within 500'    Within 200'           At Site
Access to Utilities-      Storm Sewers                  Not Available             Within 500'    Within 200'           At Site
Access to Utilities-      Electric                      Not Available             Within 500'    Within 200'           At Site
Access to Utilities-      Gas Line                      Not Available             Within 500'    Within 200'           At Site

Do ledge or rock outcroppings appear on the site?                                                              Yes              No


Does the municipality require underground utilities?                                                           Yes              No


Will utilities need to be brought to the site?                                                                 Yes              No

If "Yes", estimate expense to accomplish task:

Will road(s) need to be provided for the project?                                                              Yes              No
If "Yes", will it be a public or private road?             Public       Private


Estimated Cost            Length (feet)                 Cost/L.F.                 Total Cost
Offsite Road(s)                                  x                       =                $0
Onsite Road(s)                                   x                       =                $0

Is the site located in an Historical District?                                                                 Yes              No


                                            SECTION 4- EXISTING BUILDING INFORMATION

Total number of existing buildings on site:
Age of building(s) on site:




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                           23 of 60
                                                                                                                                 Version 2: 2009
                                        Exhibit 3.8.b - SITE AND BUILDING REPORT                                                Submission Date:



Building Type (check all that apply):
                                         Free standing/detached                     Townhouse                  Duplex                    Multi-unit
                                         Semi-attached                              Walk-up                    Elevator                  Other

                        If Other, Describe:

Number of Stories:                                    Type of Construction:

Existing net residential square footage of the building(s):                                       S.F.

Are buildings currently occupied?                                                                                                Yes              No
                        Describe:



Will the proposed activity result in requirements pertaining to the
Uniform Relocation and/or Replacement Act?                                                                                      Yes               No


If "No", how long has it been vacant? (Months/Years):



Are any sites' structures of historical significance?                                                                           Yes               No


If "Yes" describe:



Has the federal, state, or local Historical Commission determined that
the building historical significance?                                                                                           Yes               No


Has SHPO been notified of the impending rehab or new construction?                                                              Yes               No


If the development is historic, the Connecticut State Historic Commission/SHPO must review all proposals to determine potential
impact on historic resources. If applicable, attach any correspondence to CHC/SHPO as well as their response letter regarding
the proposal.

                                               SECTION 5- BUILDING(S) ASSESSMENT

                        Indicate the age of the following conditions and check one box to describe its current condition. If there are multiple
                        buildings, provide chart for each building.
Existing Conditions                         Age                         Good                         Fair                      Poor
Roof
Exterior
Interior
Windows
Mechanical Systems
Insulation
Electrical Systems
Floor
Structural Systems

                               SECTION 6- SITE AND BUILDING ENVIRONMENTAL INFORMATION



    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                                             24 of 60
                                                                                                                          Version 2: 2009
                                       Exhibit 3.8.b - SITE AND BUILDING REPORT                                          Submission Date:



What were/are the past and current uses of the property? (check all that apply)
   Undeveloped                      Industrial              Commercial                                  Residential              Other
Describe uses:

What was the most recent business activity at the site?
Is Lead-based paint evident?                                                                                             Yes              No


Are any potentially asbestos containing materials evident? (Check all that apply)
   Ceiling Tiles                      Floor Tiles            Sprayed-on Fireproofing                    Pipe insulation Wrap
   Acoustical Plaster                 Other
Describe materials:

Are there now, or have there ever been, any underground
or aboveground storage tanks on the property?                                                                            Yes              No
If "Yes" Describe:

Are there transformers or capacitors on the property, which may contain PCBs?                                            Yes              No
If "Yes" Describe:

Were any chemicals or fuels handled at the site?                                                                         Yes              No
If "Yes" Describe:

Are any of the following obvious physical signs of contamination on or around the property? (check all that apply)
   Stained soil or concrete                                  Vegetation Damage                    Foul or unusual odors
   Oily sheens or discoloration of surface water             Other
Describe:

Are there groundwater wells on the property?                                                                             Yes              No


Is the groundwater in the immediate area used as a source of drinking water?                                             Yes              No


Are there any easements on the property (roads, pipelines) with potential environmental implications?                    Yes              No


Is the property the subject of environmental litigation, regulatory citations, or enforcement action?                    Yes              No


Are there any adverse press reports or complaints on file concerning the property?                                       Yes              No


Is the property, or any of the adjacent properties, on a federal, state,
or local list of hazardous waste or contaminated sites?                                                                  Yes              No


Could the activities at adjacent businesses or properties pose potential environmental risks?                            Yes              No


Is the property near any floodplain, wetland or sensitive ecological area?                                               Yes              No


                                        SECTION 7- PROPOSED PROJECT INFORMATION

Proposed plan for existing building(s): (check all that apply)                No Change                               Demolition
                                       Adaptive Reuse                         Moderate Rehab                          Substantial Rehab

What is the square footage of the building(s)?
                                                    Cost per Square Foot

    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                                     25 of 60
                                                                                                                              Version 2: 2009
                                         Exhibit 3.8.b - SITE AND BUILDING REPORT                                            Submission Date:



Residential:                              s.f.                   #DIV/0!
Commercial:                               s.f.                   #DIV/0!
Other:                                    s.f.                   #DIV/0!
Total:                                  0 s.f.                   #DIV/0!

What is the percentage of square feet to be funded by DECD?                                     %

Will the proposed project have more than 150 bedrooms?                                                                       Yes              No


For the chart below, indicate the energy sources proposed for each building and function:


Type of Service                                       Proposed Energy Source
Heating
Cooling
Hot Water
Cooking

Will there be elevator service in the building?                                                                              Yes              No


For the chart below, indicate the number of units that are designed and equipped for persons with physical disabilities
as well as units for persons without physical disabilities. All units on the first or ground floor or served by an elevator must
be wheelchair accessible.

Type of Unit                                                               Bedroom Size
                                                 1          2               3         4             5          Total
Basement: Accessible                                                                                            0
Basement: Non-Accessible                                                                                        0
1st Floor: Accessible                                                                                           0
1st Floor: Non-Accessible                                                                                       0
2nd Floor: Accessible                                                                                           0
2nd Floor: Non-Accessible                                                                                       0
3rd Floor: Accessible                                                                                           0
3rd Floor: Non-Accessible                                                                                       0
Total Number of Units:                           0          0              0                0       0           0

                                          Total Accessible:                0        Total Non-Accessible:       0



                                                        Section 8- Project Approvals

In the chart below, list approvals currently in place and attach copies of each approval. (Zoning, etc.)

                 Type of Approval                      Approved       Expiration                        Special Conditions
                                                         Date           Date




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                                         26 of 60
                                                                                                             Version 2: 2009
                                        Exhibit 3.8.b - SITE AND BUILDING REPORT                            Submission Date:



In the chart below, list approvals still required but not in place. (Zoning, etc)

                 Type of Approval                    Probable Date of Receipt       Anticipated Special Conditions




    C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Site and Bldg Report                           27 of 60
                                                                                                                                                             Version 2: 2009

                                                     Exhibit 3.9.b - OUTLINE SPECIFICATIONS                                                                  Submission Date:



    DEVELOPMENT NAME                                       0                                        APPLICANT                                  0

Address:            0

City/Town:          0                                       State:        0                                                Zip:        0

Mortgagor:          0



Prepared by:                                                                                                              Date:

Title:                                                   Company:


                                                                              SITE IMPROVEMENT


Parking Lot (material/thickness):

Curb (material):                                                                            Sidewalk (material):

Special Site Conditions (slope, wetlands, hazardous materials):


                                                                    FOUNDATIONS AND FOOTINGS


Basement walls (material, height):

Crawl Space:                 Yes                No                        Sidewalk:           Yes              No

Insulation (type and R-value):
                                                                                                     Yes            No
Waterproofing (type):                                                     Footing drains:

Soil Type:                                                                Bearing capacity:

Water table (ft below grade):


                                                                  INTERIOR STRUCTURAL SYSTEMS


Vertical load bearing members (structural steel/wood frame/masonry):

Floor system(s):

Roof system(s):

Wall system(s):


                                                                           EXTERIOR ENVELOPE


Wall system (materials/size/spacing):

Insulation (R-value) for:               Roof:                     Wall:                              Crawl space:                      Basement:

Roof Covering (material):                                                                     Years of guarantee:

Doors (material):                                                                                          R-value:


                                                                                MECHANICAL


Plumbing Pipes:

Below grade (type/material):

Above grade (type/material):



Heating:

Boiler or furnace (type/material):                                                                    Fuel source: f

AFUE rating:                                                                                                             # of apartments per heating unit:

Domestic hot water (size):                                                                            Fuel source:

AFUE rating:




 C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Outline Specifications                                                                            28 of 60
                                                                                                                                                    Version 2: 2009

                                                              Exhibit 3.9.b - OUTLINE SPECIFICATIONS                                               Submission Date:




Cooling:

Central air system:                                                                                Fuel source:

EER Rating:



Fire protection/sprinkler (NFPA 13 or NFPA 13R):

Fire rating between units (walls):                                                                 STC rating between units (walls):

Fire rating between units (floors):                                                               STC rating between units (floors):


                                                                                 ELECTRICAL


Load provided (per unit):                                                   Emergency lighting system:

Lighting fixture types:



Fire alarm system (describe):




Tenant communication system (describe):




Emergency call system (describe):




Building security system (describe):




                                                                              INTERIOR FINISHES


                                         Dwelling Units                                                       Public Areas

                      living/dining    bedroom         bath       kitchen         lobby            corridor              stairway      lavatory

Floor

Wall

Ceiling


I hereby certify that the above Outline Specification information was
prepared under my guidance and direction for the development known as:                                                        0
I further certify that the preparation of the Outline Specifications includes the review and acknowledgement of the Connecticut Housing Finance Authority 2009
Standards of Design and Construction.


Prepared by:




                                           Architect                                                                         Date



                                      Firm / Company Name


Accepted by:




                              Developer / Sponsor / Mortgagor                                                                Date




 C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Outline Specifications                                                                   29 of 60
                                                                                                                                                                                    Version 2: 2009
                                                   Exhibit 3.9.c - PROJECT COST SUMMARY (Construction Schedule of Values)                                                          Submission Date:


             DEVELOPMENT NAME                                                          0                                          APPLICANT                              0
                           Number of Buildings                                        Total Commercial Gross Square Footage
         Total Project Square Footage (GSF)                                                             Total Number of Units            0
      Total Living Unit Square Footage (NSF)
    **This form represents the Contractor's and/or Mortgagor's firm costs and services as a basis for disbursing dollar amounts when advances are requested.**

                                                                          TOTAL       TOTAL
                                                                        RESIDENTIAL COMMERCIAL        TOTAL         TOTAL       TOTAL
      LINE    DIV.                      DIV./TRADE ITEM                    COST        COST           COST        COST / UNIT COST / GSF                            REMARKS
       1       2      Testing                                                                             0           #DIV/0!           0.00
       2       2      Environmental                                                                       0           #DIV/0!           0.00
       3       2      Grading & Excavation                                                                0           #DIV/0!           0.00
       4       2      Site Utilities                                                                      0           #DIV/0!           0.00
       5       2      Paving, Walks & Signs                                                               0           #DIV/0!           0.00
       6       2      Unusual Site Conditions                                                             0           #DIV/0!           0.00
       7       2      Lawns & Plantings                                                                   0           #DIV/0!           0.00
       8       2      Other Site Work                                                                     0           #DIV/0!           0.00
       9       2      Demolition                                                                          0           #DIV/0!           0.00
       10      2      Allowance for Division 2                                                            0           #DIV/0!           0.00
       11      3      Concrete                                                                            0           #DIV/0!           0.00
       12      3      Allowance for Division 3                                                            0           #DIV/0!           0.00
       13      4      Masonry                                                                             0           #DIV/0!           0.00
       14      4      Allowance for Division 4                                                            0           #DIV/0!           0.00
       15      5      Metals                                                                              0           #DIV/0!           0.00
       16      5      Allowance for Division 5                                                            0           #DIV/0!           0.00
       17      6      Rough Carpentry                                                                     0           #DIV/0!           0.00
       18      6      Finish Carpentry                                                                    0           #DIV/0!           0.00
       19      6      Allowance for Division 6                                                            0           #DIV/0!           0.00
       20      7      Moisture Protection                                                                 0           #DIV/0!           0.00
       21      7      Insulation                                                                          0           #DIV/0!           0.00
       22      7      Roofing                                                                             0           #DIV/0!           0.00
       23      7      Sheet Metal                                                                         0           #DIV/0!           0.00
       24      7      Siding                                                                              0           #DIV/0!           0.00
       25      7      Allowance for Division 7                                                            0           #DIV/0!           0.00
       26      8      Doors & Hardware                                                                    0           #DIV/0!           0.00
       27      8      Windows & Glazing                                                                   0           #DIV/0!           0.00
       28      8      Allowance for Division 8                                                            0           #DIV/0!           0.00
       29      9      Acoustical Tile                                                                     0           #DIV/0!           0.00
       30      9      Drywall                                                                             0           #DIV/0!           0.00
       31      9      Ceramic Tile                                                                        0           #DIV/0!           0.00
       32      9      Wood Flooring                                                                       0           #DIV/0!           0.00
       33      9      Resilent Flooring                                                                   0           #DIV/0!           0.00
       34      9      Painting and Decorating                                                             0           #DIV/0!           0.00
       35      9      Carpet                                                                              0           #DIV/0!           0.00
       36      9      Allowance for Division 9                                                            0           #DIV/0!           0.00
       37      10     Unit AC and/or Sleeves                                                              0           #DIV/0!           0.00
       38      10     Specialties                                                                         0           #DIV/0!           0.00
       39      10     Allowance for Division 10                                                           0           #DIV/0!           0.00
       40      11     Special Equipment (Specify)                                                         0           #DIV/0!           0.00
       41      11     Cabinets & Vanities                                                                 0           #DIV/0!           0.00
       42      11     Appliances                                                                          0           #DIV/0!           0.00
       43      11     Allowance for Division 11                                                           0           #DIV/0!           0.00
       44      12     Blinds, Shades & Artwork                                                            0           #DIV/0!           0.00
       45      12     Allowance for Division 12                                                           0           #DIV/0!           0.00
       46      13     Special Construction                                                                0           #DIV/0!           0.00
       47      13     Allowance for Division 13                                                           0           #DIV/0!           0.00
       48      14     Elevators                                                                           0           #DIV/0!           0.00
       49      14     Allowance for Division 14                                                           0           #DIV/0!           0.00
       50      15     Plumbing                                                                            0           #DIV/0!           0.00
       51      15     Hydronic Heating                                                                    0           #DIV/0!           0.00
       52      15     HVAC                                                                                0           #DIV/0!           0.00
       53      15     Fire Suppression                                                                    0           #DIV/0!           0.00
       54      15     Allowance for Division 15                                                           0           #DIV/0!           0.00
       55      16     Electrical (Building Only)                                                          0           #DIV/0!           0.00
       56      16     Allowance for Division 16                                                           0           #DIV/0!           0.00

       57              TOTAL STRUCTURE & LAND IMPROVEMENTS                  0              0              0

       58      1       General Requirements                                                               0

       59                                    SUBTOTAL (Lines 42 & 43)       0              0              0

       60              Builder's Overhead & Profit                                                        0
       61                                    SUBTOTAL (Lines 44 & 45)       0              0              0

       62              Building Permit & Other Fees (Specify)                                             0
       63              Bond Premium                                                                       0
       64                              TOTAL FOR ALL IMPROVEMENTS           $0             $0            $0

    Within sixty (60) days after substantial completion of the Development, as determined by the Authority, and prior to Final Closing, General Contractor and identity of interest subcontractors
    shall deliver to the Authority, in form and content acceptable to the Authority, audited statements of costs certified by independent certified public accountant(s) licensed in the State of
    Connecticut and acceptable to the Authority, to further verify such costs.
                                                           I/We hereby certify that the proposed housing can be built for the cost shown above.
                               Mortgagor and Contractor                                                                                              CHFA / DECD Staff


                       Signature                                  Date                                                      Signature                                   Date


                    Contractor Name                                Title                                                        Name                                    Title



                       Signature                                  Date                                                      Signature                                   Date


                    Mortgagor Name                                 Title                                                        Name                                    Title



C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Project Cost Summary Not Linked                                                                                                    30 of 60
                                                                                                          Version 2: 2009
                                Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                         Submission Date:



DEVELOPMENT NAME                                   0                              APPLICANT          0
                                                             Section 1 - Residential

DIVISION                                     TRADE ITEM                            QUANTITY   COST        TOTAL
01 GENERAL REQUIREMENTS
   General         Project Manager                                                                        $0.00
   Requirements    Superintendent                                                                         $0.00
                   Secretary                                                                              $0.00
                   Vehicle Expense                                                                        $0.00
                   Travel Expense                                                                         $0.00
                   Snow Removal                                                                           $0.00
                   OSHA Protection                                                                        $0.00
                   Survey & Layout ( Site & Bldg.)                                                        $0.00
                   Weather Protection                                                                     $0.00
                   Project Photographs                                                                    $0.00
                   Dumpsters                                                                              $0.00
                   Record Drawings                                                                        $0.00
                   Broken Glass Repair                                                                    $0.00
                   Temporary Toilets                                                                      $0.00
                   Temporary Fencing                                                                      $0.00
                   Temporary Heat (Winter Cond'n)                                                         $0.00
                   Temporary Power                                                                        $0.00
                   Temporary Water                                                                        $0.00
                   Temporary Office                                                                       $0.00
                   Temporary Telephone                                                                    $0.00
                   Temporary Fire Protection                                                              $0.00
                   Tests & Inspect'ns (Unless Spec'd)                                                     $0.00
                   Construction Sign                                                                      $0.00
                   Materials Storage                                                                      $0.00
                   SUBTOTAL:                                                                              $0.00

   TOTAL FOR GENERAL REQUIREMENTS:                                                                        $0.00
02 SITE WORK
   Special Testing Asbestos Removal                                                                       $0.00
                   SUBTOTAL:                                                                              $0.00

    Environmental         Lead-Based Paint Removal                                                        $0.00
                          Others (Specify)                                                                $0.00
                          Demolition                                                                      $0.00
                          SUBTOTAL:                                                                       $0.00

           Grading &      Clearing & Grubbing                                                             $0.00
           Excavation     Cut & Fill                                                                      $0.00
                          Rock Excavation                                                                 $0.00
                          Foundation Excavation & Backfill                                                $0.00
                          Trenching                                                                       $0.00
                          SUBTOTAL:                                                                       $0.00
02 SITE WORK          (Continued)
       Site Utilities     Water Supply                                                                    $0.00
                          Sanitary Sewer                                                                  $0.00
                          Storm Sewer                                                                     $0.00
                          Gas                                                                             $0.00
                          Electric Trenching                                                              $0.00
                          Electric conduit and wire                                                       $0.00
                          Offsite                                                                         $0.00
                          SUBTOTAL:                                                                       $0.00
                                                                                                           Version 2: 2009
                                Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                          Submission Date:



DEVELOPMENT NAME                                  0                              APPLICANT            0
                                                            Section 1 - Residential

DIVISION                                      TRADE ITEM                          QUANTITY     COST        TOTAL
             Paving       Bituminous Paving                                                                $0.00
             Walks &      Boxing Out Paving                                                                $0.00
              Signs       Rough / Binder Course                                                            $0.00
                          Finish Coat                                                                      $0.00
                          Curbing                                                                          $0.00
                          Signs                                                                            $0.00
                          Concrete Walks and Steps                                                         $0.00
                          Terrace (Specify)                                                                $0.00
                          SUBTOTAL:                                                                        $0.00

           Unusual Site   Rock Excavation                                                                  $0.00
            Conditions    Unsuitable Soil                                                                  $0.00
                          Others (Specify)                                                                 $0.00
                          SUBTOTAL:                                                                        $0.00

            Lawns &       Topsoil                                                                          $0.00
            Planting      Seeding & Sodding                                                                $0.00
                          Plantings                                                                        $0.00
                          SUBTOTAL:                                                                        $0.00

              Other       Retaining Walls & Fences                                                         $0.00
              Site        Benches,Tables,Playgr'nd Equip.                                                  $0.00
              Work        Irrigation                                                                       $0.00
                          Site Lighting                                                                    $0.00
                          Basketball Court, Tennis Court                                                   $0.00
                          Pool & Equipment                                                                 $0.00
                          SUBTOTAL:                                                                        $0.00

            Demolition    (Specify)                                                                        $0.00
                          SUBTOTAL:                                                                        $0.00

                          Allowance for Division 2 Site Work                          1                    $0.00

                          Allowance Scope                                    (describe here)

   TOTAL FOR SITE WORK:                                                                                    $0.00
03 CONCRETE
   Concrete         Concrete Footings                                                                      $0.00
                    Foundation Walls                                                                       $0.00
                    Columns                                                                                $0.00
                    Slab-On-Grade                                                                          $0.00
                    Structural Slabs / Roof Deck                                                           $0.00
                    Reinforcing Steel                                                                      $0.00
                    SUBTOTAL:                                                                              $0.00

                          Allowance for Division 3 Concrete                           1                    $0.00

                          Allowance Scope                                    (describe here)

    TOTAL FOR CONCRETE:                                                                                    $0.00
                                                                                                         Version 2: 2009
                             Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                           Submission Date:



DEVELOPMENT NAME                                0                              APPLICANT            0
                                                          Section 1 - Residential

DIVISION                                  TRADE ITEM                            QUANTITY     COST        TOTAL
04 MASONRY
   Masonry             Face Brick                                                                        $0.00
                       Concrete Block                                                                    $0.00
                       Ties & Reinforcing Trusses                                                        $0.00
                       SUBTOTAL:                                                                         $0.00

                       Allowance for Division 4 Masonry                             1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR MASONRY:                                                                                    $0.00
05 METALS
   Metals         Structural Steel                                                                       $0.00
                  Misc. Lintels & Ladders                                                                $0.00
                  Steel Stairs & Handrails                                                               $0.00
                  SUBTOTAL:                                                                              $0.00

                       Allowance for Division 5 Metals                              1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR METALS:                                                                                     $0.00
06 CARPENTRY
        Rough      Floor Framing Lumber                                                                  $0.00
       Carpentry   Floor Framing Trusses                                                                 $0.00
                   Wall Framing                                                                          $0.00
                   Roof Framing Lumber                                                                   $0.00
                   Roof Framing Trusses                                                                  $0.00
                   Exterior Wall Sheathing                                                               $0.00
                   Plywood Subflooring                                                                   $0.00
                   Plywood Underlayment                                                                  $0.00
                   SUBTOTAL:                                                                             $0.00

            Finish     Wood Stairs & Handrails                                                           $0.00
           Carpentry   Closet Shelving, Rods                                                             $0.00
                       Wood Base & Moulding                                                              $0.00
                       Wood Door & Window Trim                                                           $0.00
                       Millwork                                                                          $0.00
                       SUBTOTAL:                                                                         $0.00

                       Allowance for Division 6 Carpentry                           1                    $0.00

                       Allowance Scope                                     (describe here)

    TOTAL FOR CARPENTRY:                                                                                 $0.00
07 THERMAL & MOISTURE PROTECTION
         Moisture   Dampproofing                                                                         $0.00
        Protection  Waterproofing                                                                        $0.00
                    Membrane Waterproofing                                                               $0.00
                    Prefab. Foundation Drainage                                                          $0.00
                    Caulking                                                                             $0.00
                    SUBTOTAL:                                                                            $0.00
                                                                                                         Version 2: 2009
                               Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                         Submission Date:



DEVELOPMENT NAME                                   0                           APPLICANT            0
                                                          Section 1 - Residential

DIVISION                                     TRADE ITEM                         QUANTITY     COST        TOTAL
            Insulation   Foundation Insulation                                                           $0.00
                         Wall Insulation                                                                 $0.00
                         Ceiling Insulation                                                              $0.00
                         SUBTOTAL:                                                                       $0.00

            Roofing      Shingle Roofing (Specify)                                                       $0.00
                         Builtup Roofing (Specify)                                                       $0.00
                         Single Ply Roofing (Specify)                                                    $0.00
                         SUBTOTAL:                                                                       $0.00

           Sheet Metal   Gutters & Leaders                                                               $0.00
                         Flashing                                                                        $0.00
                         SUBTOTAL:                                                                       $0.00

07 THERMAL & MOISTURE PROTECTION CONT.
        Siding     Vinyl / Aluminum Siding (Specify)                                                     $0.00
                   Wood Shingles / Siding (Specify)                                                      $0.00
                   SUBTOTAL:                                                                             $0.00

                         Allowance for Division 7 Thermal & Moisture                1                    $0.00

                         Allowance Scope                                   (describe here)

   TOTAL FOR THERMAL & MOISTURE PROTECTION:                                                              $0.00
08 DOORS & WINDOWS
        Doors &    Doors & Frames Exterior                                                               $0.00
       Hardware    Doors & Frames-Interior                                                               $0.00
                   Door Hardware                                                                         $0.00
                   Specialty Doors & Frames                                                              $0.00
                   SUBTOTAL:                                                                             $0.00

08 DOORS & WINDOWS Cont.
       Windows     Windows & Glazing                                                                     $0.00
                   Aluminum Storefront                                                                   $0.00
                   SUBTOTAL:                                                                             $0.00

                         Allowance for Division 8 Doors & Windows                   1                    $0.00

                         Allowance Scope                                   (describe here)

    TOTAL FOR DOORS & WINDOWS:                                                                           $0.00
09 FINISHES
       Acoustical Tile Ceilings                                                                          $0.00
                       SUBTOTAL:                                                                         $0.00

            Drywall      Gypsum Board Walls                                                              $0.00
                         Gypsum Board Ceilings                                                           $0.00
                         SUBTOTAL:                                                                       $0.00

    Ceramic Tile         Flooring & Base                                                                 $0.00
                         SUBTOTAL:                                                                       $0.00

    Wood Flooring        Flooring & Base                                                                 $0.00
                         SUBTOTAL:                                                                       $0.00
                                                                                                           Version 2: 2009
                              Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                            Submission Date:



DEVELOPMENT NAME                                 0                               APPLICANT            0
                                                            Section 1 - Residential

DIVISION                                     TRADE ITEM                           QUANTITY     COST        TOTAL
    Res. Flooring       Flooring & Base                                                                    $0.00
                        SUBTOTAL:                                                                          $0.00

            Painting    Interior Painting                                                                  $0.00
                        Exterior Painting                                                                  $0.00
                        SUBTOTAL:                                                                          $0.00

    Carpet              Flooring                                                                           $0.00
                        SUBTOTAL:                                                                          $0.00

                        Allowance for Division 9 Finishes                             1                    $0.00

                        Allowance Scope                                      (describe here)

   TOTAL FOR FINISHES:                                                                                     $0.00
10 SPECIALTIES
   Unit A/C         Unit A/C and/or Sleeves (Specify)                                                      $0.00
                    SUBTOTAL:                                                                              $0.00

    Specialties         Toilet Accessories                                                                 $0.00
                        Interior Signage                                                                   $0.00
                        Interior Mailboxes                                                                 $0.00
                        Other (Specify)                                                                    $0.00
                        Fire Extinguishers                                                                 $0.00
                        SUBTOTAL:                                                                          $0.00

                        Allowance for Division 10 Specialties                         1                    $0.00

                        Allowance Scope                                      (describe here)

   TOTAL FOR SPECIALTIES:                                                                                  $0.00
11 EQUIPMENT
      Special Equip. (Specify)                                                                             $0.00
                     SUBTOTAL:                                                                             $0.00

           Cabinets     Kitchen Cabinets                                                                   $0.00
           & Vanities   Bathroom Vanities                                                                  $0.00
                        SUBTOTAL:                                                                          $0.00

            Kitchen     Dishwasher                                                                         $0.00
           Appliances   MicroWave                                                                          $0.00
                        Range                                                                              $0.00
                        Range Hood                                                                         $0.00
                        Refrigerator                                                                       $0.00
                        Washer & Drain Pan                                                                 $0.00
                        Dryer                                                                              $0.00
                        SUBTOTAL:                                                                          $0.00

                        Allowance for Division 11 Equipment                           1                    $0.00

                        Allowance Scope                                      (describe here)

    TOTAL FOR EQUIPMENT:                                                                                   $0.00
12 FURNISHINGS
    Furnishing      Blinds, Shades & Artwork                                                               $0.00
                    SUBTOTAL:                                                                              $0.00
                                                                                                            Version 2: 2009
                               Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                            Submission Date:



DEVELOPMENT NAME                                  0                               APPLICANT            0
                                                             Section 1 - Residential

DIVISION                                    TRADE ITEM                             QUANTITY     COST        TOTAL
                         Allowance for Division 12 Furnishings                         1                    $0.00

                         Allowance Scope                                      (describe here)

    TOTAL FOR FURNISHINGS:                                                                                  $0.00
13 SPECIAL CONSTRUCTION
   Special        Indoor Swimming Pool                                                                      $0.00
   Construction   Greenhouse                                                                                $0.00
                         SUBTOTAL:                                                                          $0.00

                         Allowance for Division 13 Special Construction                1                    $0.00

                         Allowance Scope                                      (describe here)

    TOTAL FOR SPECIAL CONSTRUCTION:                                                                         $0.00
14 CONVEYING SYSTEM
   Conveying Sys Elevators                                                                                  $0.00
                         SUBTOTAL:                                                                          $0.00

                         Allowance for Division 14 Conveying System                    1                    $0.00

                         Allowance Scope                                      (describe here)

    TOTAL FOR CONVEYING SYSTEM:                                                                             $0.00
15 PLUMBING, HVAC & FIRE SUPPRESSIONOT WATER
        Rough     Water Supply Piping                                                                       $0.00
       Plumbing   Drain,Waste & Vent Piping                                                                 $0.00
                         Pipe Insulation                                                                    $0.00
                         Gas Piping                                                                         $0.00
                         SUBTOTAL:                                                                          $0.00

            Finish       Kitchen Sinks & Faucets                                                            $0.00
           Plumbing      Toilet Fixtures                                                                    $0.00
                         Lavatory Fixtures & Faucets                                                        $0.00
                         Shower & Tub Enclosures                                                            $0.00
                         Hot Water Heaters & Drain Pans                                                     $0.00
                         SUBTOTAL:                                                                          $0.00

           Hydronic      Boiler Equipment                                                                   $0.00
           Heating       Baseboard Radiation                                                                $0.00
                         Supply & Return Piping                                                             $0.00
                         Pipe Insulation                                                                    $0.00
                         SUBTOTAL:                                                                          $0.00

15 PLUMBING, HVAC & FIRE SUPPRESSIONOT WATER Cont.
            Heating      Rooftop Equipment / Furnaces                                                       $0.00
           Ventilation   Supply & Return Ductwork                                                           $0.00
             A/C         Registers & Grilles                                                                $0.00
                         Bathroom Exhaust Fans                                                              $0.00
                         Kitchen Exhuast Ductwork & Grille                                                  $0.00
                         Central-air System                                                                 $0.00
                         SUBTOTAL:                                                                          $0.00

       Suppr System      Suppression System - Dry / Wet                                                     $0.00
                         SUBTOTAL:                                                                          $0.00
                                                                                                          Version 2: 2009
                              Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                           Submission Date:



DEVELOPMENT NAME                                0                              APPLICANT             0
                                                          Section 1 - Residential

DIVISION                                   TRADE ITEM                           QUANTITY     COST         TOTAL
                        Allowance for Division 15 Plumbing, HVAC & Fire             1                     $0.00

                        Allowance Scope                                    (describe here)

    TOTAL FOR PLUMBING, HVAC & FIRE SUPPRESSION:                                                          $0.00
16 ELECTRICAL (Building Only)
            Rough       Main Service Panel & Meters                                                       $0.00
           Electrical   Rough Wiring                                                                      $0.00
                        SUBTOTAL:                                                                         $0.00

            Finish      Switches,Receptacles                                                              $0.00
           Electrical   Lighting Fixtures                                                                 $0.00
                        Cable T.V.System                                                                  $0.00
                        Security System                                                                   $0.00
                        Emergency Generator                                                               $0.00
                        Emergency Call for Aid System                                                     $0.00
                        SUBTOTAL:                                                                         $0.00

                        Allowance for Division 16 Electrical                        1                     $0.00

                        Allowance Scope                                    (describe here)

    TOTAL FOR ELECTRICAL:                                                                                 $0.00

    TOTAL FOR ALL DIVISIONS (2-16)                                                                        $0.00
        % of Total
         #DIV/0!     GENERAL REQUIREMENTS (Div. 01 from above)                               $0.00        $0.00
         #DIV/0!     OVERHEAD & PROFIT                                                                    $0.00
                     SUBTOTAL:                                                                            $0.00

       Misc. Items:     BUILDING PERMIT                                                                   $0.00
                        OTHER FEES                                                                        $0.00
                        BOND PREMIUM                                                                      $0.00
                        SUBTOTAL:                                                                         $0.00

                        GRAND TOTAL OF ALL RESIDENTIAL COSTS:                                             $0.00
                                                                                                     Version 2: 2009
                            Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                        Submission Date:



DEVELOPMENT NAME                             0                               APPLICANT          0
                                                        Section 1 - Residential

DIVISION                                TRADE ITEM                            QUANTITY   COST        TOTAL
                                                        Section 2 - Commercial

01 GENERAL REQUIREMENTS
   General         Project Manager                                                                   $0.00
   Requirements    Superintendent                                                                    $0.00
                   Secretary                                                                         $0.00
                   Vehicle Expense                                                                   $0.00
                   Travel Expense                                                                    $0.00
                   Snow Removal                                                                      $0.00
                   OSHA Protection                                                                   $0.00
                   Survey & Layout ( Site & Bldg.)                                                   $0.00
                   Weather Protection                                                                $0.00
                   Project Photographs                                                               $0.00
                   Dumpsters                                                                         $0.00
                   Record Drawings                                                                   $0.00
                   Broken Glass Repair                                                               $0.00
                   Temporary Toilets                                                                 $0.00
                   Temporary Fencing                                                                 $0.00
                   Temporary Heat (Winter Cond'n)                                                    $0.00
                   Temporary Power                                                                   $0.00
                   Temporary Water                                                                   $0.00
                   Temporary Office                                                                  $0.00
                   Temporary Telephone                                                               $0.00
                   Temporary Fire Protection                                                         $0.00
                   Tests & Inspect'ns (Unless Spec'd)                                                $0.00
                   Construction Sign                                                                 $0.00
                   Materials Storage                                                                 $0.00
                   SUBTOTAL:                                                                         $0.00
                                                                                                          Version 2: 2009
                                Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                         Submission Date:



DEVELOPMENT NAME                                   0                              APPLICANT          0
                                                             Section 1 - Residential

DIVISION                                      TRADE ITEM                           QUANTITY   COST        TOTAL


   TOTAL FOR GENERAL REQUIREMENTS:                                                                        $0.00
02 SITE WORK
   Special Testing Asbestos Removal                                                                       $0.00
                   SUBTOTAL:                                                                              $0.00

    Environmental         Lead-Based Paint Removal                                                        $0.00
                          Others (Specify)                                                                $0.00
                          Demolition                                                                      $0.00
                          SUBTOTAL:                                                                       $0.00

           Grading &      Clearing & Grubbing                                                             $0.00
           Excavation     Cut & Fill                                                                      $0.00
                          Rock Excavation                                                                 $0.00
                          Foundation Excavation & Backfill                                                $0.00
                          Trenching                                                                       $0.00
                          SUBTOTAL:                                                                       $0.00
02 SITE WORK          (Continued)
       Site Utilities     Water Supply                                                                    $0.00
                          Sanitary Sewer                                                                  $0.00
                          Storm Sewer                                                                     $0.00
                          Gas                                                                             $0.00
                          Electric Trenching                                                              $0.00
                          Electric conduit and wire                                                       $0.00
                          Offsite                                                                         $0.00
                          SUBTOTAL:                                                                       $0.00

             Paving       Bituminous Paving                                                               $0.00
             Walks &      Boxing Out Paving                                                               $0.00
              Signs       Rough / Binder Course                                                           $0.00
                          Finish Coat                                                                     $0.00
                          Curbing                                                                         $0.00
                          Signs                                                                           $0.00
                          Concrete Walks and Steps                                                        $0.00
                          Terrace (Specify)                                                               $0.00
                          SUBTOTAL:                                                                       $0.00

           Unusual Site   Rock Excavation                                                                 $0.00
            Conditions    Unsuitable Soil                                                                 $0.00
                          Others (Specify)                                                                $0.00
                          SUBTOTAL:                                                                       $0.00

            Lawns &       Topsoil                                                                         $0.00
            Planting      Seeding & Sodding                                                               $0.00
                          Plantings                                                                       $0.00
                          SUBTOTAL:                                                                       $0.00

              Other       Retaining Walls & Fences                                                        $0.00
              Site        Benches,Tables,Playgr'nd Equip.                                                 $0.00
              Work        Irrigation                                                                      $0.00
                          Site Lighting                                                                   $0.00
                          Basketball Court, Tennis Court                                                  $0.00
                          Pool & Equipment                                                                $0.00
                          SUBTOTAL:                                                                       $0.00

            Demolition    (Specify)                                                                       $0.00
                          SUBTOTAL:                                                                       $0.00
                                                                                                         Version 2: 2009
                            Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                            Submission Date:



DEVELOPMENT NAME                               0                               APPLICANT            0
                                                          Section 1 - Residential

DIVISION                                 TRADE ITEM                             QUANTITY     COST        TOTAL


                       Allowance for Division 2 Site Work                           1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR SITE WORK:                                                                                  $0.00
03 CONCRETE
   Concrete         Concrete Footings                                                                    $0.00
                    Foundation Walls                                                                     $0.00
                    Columns                                                                              $0.00
                    Slab-On-Grade                                                                        $0.00
                    Structural Slabs / Roof Deck                                                         $0.00
                    Reinforcing Steel                                                                    $0.00
                    SUBTOTAL:                                                                            $0.00

                       Allowance for Division 3 Concrete                            1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR CONCRETE:                                                                                   $0.00
04 MASONRY
   Masonry         Face Brick                                                                            $0.00
                  Concrete Block                                                                         $0.00
                  Ties & Reinforcing Trusses                                                             $0.00
                  SUBTOTAL:                                                                              $0.00

                       Allowance for Division 4 Masonry                             1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR MASONRY:                                                                                    $0.00
05 METALS
   Metals         Structural Steel                                                                       $0.00
                  Misc. Lintels & Ladders                                                                $0.00
                  Steel Stairs & Handrails                                                               $0.00
                  SUBTOTAL:                                                                              $0.00

                       Allowance for Division 5 Metals                              1                    $0.00

                       Allowance Scope                                     (describe here)

   TOTAL FOR METALS:                                                                                     $0.00
06 CARPENTRY
        Rough      Floor Framing Lumber                                                                  $0.00
       Carpentry   Floor Framing Trusses                                                                 $0.00
                   Wall Framing                                                                          $0.00
                   Roof Framing Lumber                                                                   $0.00
                   Roof Framing Trusses                                                                  $0.00
                   Exterior Wall Sheathing                                                               $0.00
                   Plywood Subflooring                                                                   $0.00
                   Plywood Underlayment                                                                  $0.00
                   SUBTOTAL:                                                                             $0.00
                                                                                                         Version 2: 2009
                               Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                         Submission Date:



DEVELOPMENT NAME                                   0                           APPLICANT            0
                                                          Section 1 - Residential

DIVISION                                     TRADE ITEM                         QUANTITY     COST        TOTAL
            Finish       Wood Stairs & Handrails                                                         $0.00
           Carpentry     Closet Shelving, Rods                                                           $0.00
                         Wood Base & Moulding                                                            $0.00
                         Wood Door & Window Trim                                                         $0.00
                         Millwork                                                                        $0.00
                         SUBTOTAL:                                                                       $0.00

                         Allowance for Division 6 Carpentry                         1                    $0.00

                         Allowance Scope                                   (describe here)

    TOTAL FOR CARPENTRY:                                                                                 $0.00
07 THERMAL & MOISTURE PROTECTION
         Moisture   Dampproofing                                                                         $0.00
        Protection  Waterproofing                                                                        $0.00
                    Membrane Waterproofing                                                               $0.00
                    Prefab. Foundation Drainage                                                          $0.00
                    Caulking                                                                             $0.00
                    SUBTOTAL:                                                                            $0.00

            Insulation   Foundation Insulation                                                           $0.00
                         Wall Insulation                                                                 $0.00
                         Ceiling Insulation                                                              $0.00
                         SUBTOTAL:                                                                       $0.00

            Roofing      Shingle Roofing (Specify)                                                       $0.00
                         Builtup Roofing (Specify)                                                       $0.00
                         Single Ply Roofing (Specify)                                                    $0.00
                         SUBTOTAL:                                                                       $0.00

           Sheet Metal   Gutters & Leaders                                                               $0.00
                         Flashing                                                                        $0.00
                         SUBTOTAL:                                                                       $0.00

07 THERMAL & MOISTURE PROTECTION CONT.
        Siding     Vinyl / Aluminum Siding (Specify)                                                     $0.00
                   Wood Shingles / Siding (Specify)                                                      $0.00
                   SUBTOTAL:                                                                             $0.00

                         Allowance for Division 7 Thermal & Moisture                1                    $0.00

                         Allowance Scope                                   (describe here)

   TOTAL FOR THERMAL & MOISTURE PROTECTION:                                                              $0.00
08 DOORS & WINDOWS
        Doors &    Doors & Frames Exterior                                                               $0.00
       Hardware    Doors & Frames-Interior                                                               $0.00
                   Door Hardware                                                                         $0.00
                   Specialty Doors & Frames                                                              $0.00
                   SUBTOTAL:                                                                             $0.00

08 DOORS & WINDOWS Cont.
       Windows     Windows & Glazing                                                                     $0.00
                   Aluminum Storefront                                                                   $0.00
                   SUBTOTAL:                                                                             $0.00
                                                                                                           Version 2: 2009
                              Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                            Submission Date:



DEVELOPMENT NAME                                 0                               APPLICANT            0
                                                            Section 1 - Residential

DIVISION                                     TRADE ITEM                           QUANTITY     COST        TOTAL
                        Allowance for Division 8 Doors & Windows                      1                    $0.00

                        Allowance Scope                                      (describe here)

    TOTAL FOR DOORS & WINDOWS:                                                                             $0.00
09 FINISHES
       Acoustical Tile Ceilings                                                                            $0.00
                       SUBTOTAL:                                                                           $0.00

             Drywall    Gypsum Board Walls                                                                 $0.00
                        Gypsum Board Ceilings                                                              $0.00
                        SUBTOTAL:                                                                          $0.00

    Ceramic Tile        Flooring & Base                                                                    $0.00
                        SUBTOTAL:                                                                          $0.00

    Wood Flooring       Flooring & Base                                                                    $0.00
                        SUBTOTAL:                                                                          $0.00

    Res. Flooring       Flooring & Base                                                                    $0.00
                        SUBTOTAL:                                                                          $0.00

           Painting     Interior Painting                                                                  $0.00
                        Exterior Painting                                                                  $0.00
                        SUBTOTAL:                                                                          $0.00

    Carpet              Flooring                                                                           $0.00
                        SUBTOTAL:                                                                          $0.00

                        Allowance for Division 9 Finishes                             1                    $0.00

                        Allowance Scope                                      (describe here)

   TOTAL FOR FINISHES:                                                                                     $0.00
10 SPECIALTIES
   Unit A/C         Unit A/C and/or Sleeves (Specify)                                                      $0.00
                    SUBTOTAL:                                                                              $0.00

    Specialties         Toilet Accessories                                                                 $0.00
                        Interior Signage                                                                   $0.00
                        Interior Mailboxes                                                                 $0.00
                        Other (Specify)                                                                    $0.00
                        Fire Extinguishers                                                                 $0.00
                        SUBTOTAL:                                                                          $0.00

                        Allowance for Division 10 Specialties                         1                    $0.00

                        Allowance Scope                                      (describe here)

   TOTAL FOR SPECIALTIES:                                                                                  $0.00
11 EQUIPMENT
      Special Equip. (Specify)                                                                             $0.00
                     SUBTOTAL:                                                                             $0.00

           Cabinets     Kitchen Cabinets                                                                   $0.00
           & Vanities   Bathroom Vanities                                                                  $0.00
                        SUBTOTAL:                                                                          $0.00
                                                                                                        Version 2: 2009
                              Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                         Submission Date:



DEVELOPMENT NAME                                0                             APPLICANT            0
                                                         Section 1 - Residential

DIVISION                                  TRADE ITEM                           QUANTITY     COST        TOTAL


            Kitchen     Dishwasher                                                                      $0.00
           Appliances   MicroWave                                                                       $0.00
                        Range                                                                           $0.00
                        Range Hood                                                                      $0.00
                        Refrigerator                                                                    $0.00
                        Washer & Drain Pan                                                              $0.00
                        Dryer                                                                           $0.00
                        SUBTOTAL:                                                                       $0.00

                        Allowance for Division 11 Equipment                        1                    $0.00

                        Allowance Scope                                   (describe here)

    TOTAL FOR EQUIPMENT:                                                                                $0.00
12 FURNISHINGS
    Furnishing      Blinds, Shades & Artwork                                                            $0.00
                    SUBTOTAL:                                                                           $0.00

                        Allowance for Division 12 Furnishings                      1                    $0.00

                        Allowance Scope                                   (describe here)

    TOTAL FOR FURNISHINGS:                                                                              $0.00
13 SPECIAL CONSTRUCTION
   Special        Indoor Swimming Pool                                                                  $0.00
   Construction   Greenhouse                                                                            $0.00
                        SUBTOTAL:                                                                       $0.00

                        Allowance for Division 13 Special Construction             1                    $0.00

                        Allowance Scope                                   (describe here)

    TOTAL FOR SPECIAL CONSTRUCTION:                                                                     $0.00
14 CONVEYING SYSTEM
   Conveying Sys Elevators                                                                              $0.00
                        SUBTOTAL:                                                                       $0.00

                        Allowance for Division 14 Conveying System                 1                    $0.00

                        Allowance Scope                                   (describe here)

    TOTAL FOR CONVEYING SYSTEM:                                                                         $0.00
15 PLUMBING, HVAC & FIRE SUPPRESSIONOT WATER
        Rough     Water Supply Piping                                                                   $0.00
       Plumbing   Drain,Waste & Vent Piping                                                             $0.00
                        Pipe Insulation                                                                 $0.00
                        Gas Piping                                                                      $0.00
                        SUBTOTAL:                                                                       $0.00

            Finish      Kitchen Sinks & Faucets                                                         $0.00
           Plumbing     Toilet Fixtures                                                                 $0.00
                        Lavatory Fixtures & Faucets                                                     $0.00
                        Shower & Tub Enclosures                                                         $0.00
                        Hot Water Heaters & Drain Pans                                                  $0.00
                        SUBTOTAL:                                                                       $0.00
                                                                                                             Version 2: 2009
                               Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                             Submission Date:



DEVELOPMENT NAME                                  0                               APPLICANT             0
                                                             Section 1 - Residential

DIVISION                                    TRADE ITEM                             QUANTITY     COST         TOTAL
           Hydronic      Boiler Equipment                                                                    $0.00
           Heating       Baseboard Radiation                                                                 $0.00
                         Supply & Return Piping                                                              $0.00
                         Pipe Insulation                                                                     $0.00
                         SUBTOTAL:                                                                           $0.00

15 PLUMBING, HVAC & FIRE SUPPRESSIONOT WATER Cont.
            Heating      Rooftop Equipment / Furnaces                                                        $0.00
           Ventilation   Supply & Return Ductwork                                                            $0.00
             A/C         Registers & Grilles                                                                 $0.00
                         Bathroom Exhaust Fans                                                               $0.00
                         Kitchen Exhuast Ductwork & Grille                                                   $0.00
                         Central-air System                                                                  $0.00
                         SUBTOTAL:                                                                           $0.00

       Suppr System      Suppression System - Dry / Wet                                                      $0.00
                         SUBTOTAL:                                                                           $0.00

                         Allowance for Division 15 Plumbing, HVAC & Fire               1                     $0.00

                         Allowance Scope                                      (describe here)

    TOTAL FOR PLUMBING, HVAC & FIRE SUPPRESSION:                                                             $0.00
16 ELECTRICAL (Building Only)
            Rough        Main Service Panel & Meters                                                         $0.00
           Electrical    Rough Wiring                                                                        $0.00
                         SUBTOTAL:                                                                           $0.00

            Finish       Switches,Receptacles                                                                $0.00
           Electrical    Lighting Fixtures                                                                   $0.00
                         Cable T.V.System                                                                    $0.00
                         Security System                                                                     $0.00
                         Emergency Generator                                                                 $0.00
                         Emergency Call for Aid System                                                       $0.00
                         SUBTOTAL:                                                                           $0.00

                         Allowance for Division 16 Electrical                          1                     $0.00

                         Allowance Scope                                      (describe here)

    TOTAL FOR ELECTRICAL:                                                                                    $0.00

    TOTAL FOR ALL DIVISIONS (2-16)                                                                           $0.00
        % of Total
         #DIV/0!     GENERAL REQUIREMENTS (Div. 01 from above)                                  $0.00        $0.00
         #DIV/0!     OVERHEAD & PROFIT                                                                       $0.00
                     SUBTOTAL:                                                                               $0.00

       Misc. Items:      BUILDING PERMIT                                                                     $0.00
                         OTHER FEES                                                                          $0.00
                         BOND PREMIUM                                                                        $0.00
                         SUBTOTAL:                                                                           $0.00

                         GRAND TOTAL OF ALL COMMERCIAL COSTS:                                                $0.00
                         GRAND TOTAL OF ALL COSTS:                                                           $0.00
                                                                                                                            Version 2: 2009
                                 Exhibit 3.9.d - EXPLODED TRADE PAYMENT BREAKDOWN                                          Submission Date:



DEVELOPMENT NAME                                     0                              APPLICANT                        0
                                                               Section 1 - Residential

DIVISION                                       TRADE ITEM                            QUANTITY         COST                  TOTAL


I hereby certify that the proposed housing can be built for the cost shown above:
                              Mortgagor and Contractor                                                CHFA Staff



Signature                                           Date                                             Signature               Date


Contractor Name                                     Title                                       Development Cost Analyst



Signature                                           Date


Mortgagor Name                                      Title



     It is standard CHFA policy to not allow payment to the Contractor for stored materials. CHFA will
   only fund materials when they are installed within the project. CHFA does, however, allow payment
   for long-lead items, i.e. elevators, precast concrete, structural steel or large project specific
   mechanical equipment. Any request for stored materials cost must be made directly to CHFA
   Underwriting and Technical Services before Initial Closing.
    In the event CHFA Underwriting and Technical Services approves the request for stored materials,
   these materials must be insured, secured and paid for by the Contractor. The materials may be
   stored, either on-site or off-site and must be readily available for inspection by the CHFA Field
   Observer. CHFA will also require that the General Contractor provide the expected cost for this
   storage in his General Requirements breakdown. A line item has been added to the Exploded Trade
   Payment Breakdown, “ Materials Storage” for this purpose. Any materials not approved as stored
   materials, purchased by the Contractor or Subcontractor, will be at their expense until such time as
   the material has been installed within the project. Once these materials have been accepted by the
   Owner and the CHFA Field Observer, CHFA will fund the expense.
                                                                                                                                                                                    Version 2: 2009
                                                   Exhibit 3.9.c - PROJECT COST SUMMARY (Construction Schedule of Values)                                                          Submission Date:


             DEVELOPMENT NAME                                                          0                                          APPLICANT                              0
                           Number of Buildings                                        Total Commercial Gross Square Footage
         Total Project Square Footage (GSF)                                                             Total Number of Units            0
      Total Living Unit Square Footage (NSF)
    **This form represents the Contractor's and/or Mortgagor's firm costs and services as a basis for disbursing dollar amounts when advances are requested.**

                                                                          TOTAL       TOTAL
                                                                        RESIDENTIAL COMMERCIAL        TOTAL         TOTAL       TOTAL
      LINE    DIV.                      DIV./TRADE ITEM                    COST        COST           COST        COST / UNIT COST / GSF                            REMARKS
       1       2      Testing                                               0              0              0           #DIV/0!           0.00
       2       2      Environmental                                         0              0              0           #DIV/0!           0.00
       3       2      Grading & Excavation                                  0              0              0           #DIV/0!           0.00
       4       2      Site Utilities                                        0              0              0           #DIV/0!           0.00
       5       2      Paving, Walks & Signs                                 0              0              0           #DIV/0!           0.00
       6       2      Unusual Site Conditions                               0              0              0           #DIV/0!           0.00
       7       2      Lawns & Plantings                                     0              0              0           #DIV/0!           0.00
       8       2      Other Site Work                                       0              0              0           #DIV/0!           0.00
       9       2      Demolition                                            0              0              0           #DIV/0!           0.00
       10      2      Allowance for Division 2                              0              0              0           #DIV/0!           0.00
       11      3      Concrete                                              0              0              0           #DIV/0!           0.00
       12      3      Allowance for Division 3                              0              0              0           #DIV/0!           0.00
       13      4      Masonry                                               0              0              0           #DIV/0!           0.00
       14      4      Allowance for Division 4                              0              0              0           #DIV/0!           0.00
       15      5      Metals                                                0              0              0           #DIV/0!           0.00
       16      5      Allowance for Division 5                              0              0              0           #DIV/0!           0.00
       17      6      Rough Carpentry                                       0              0              0           #DIV/0!           0.00
       18      6      Finish Carpentry                                      0              0              0           #DIV/0!           0.00
       19      6      Allowance for Division 6                              0              0              0           #DIV/0!           0.00
       20      7      Moisture Protection                                   0              0              0           #DIV/0!           0.00
       21      7      Insulation                                            0              0              0           #DIV/0!           0.00
       22      7      Roofing                                               0              0              0           #DIV/0!           0.00
       23      7      Sheet Metal                                           0              0              0           #DIV/0!           0.00
       24      7      Siding                                                0              0              0           #DIV/0!           0.00
       25      7      Allowance for Division 7                              0              0              0           #DIV/0!           0.00
       26      8      Doors & Hardware                                      0              0              0           #DIV/0!           0.00
       27      8      Windows & Glazing                                     0              0              0           #DIV/0!           0.00
       28      8      Allowance for Division 8                              0              0              0           #DIV/0!           0.00
       29      9      Acoustical Tile                                       0              0              0           #DIV/0!           0.00
       30      9      Drywall                                               0              0              0           #DIV/0!           0.00
       31      9      Ceramic Tile                                          0              0              0           #DIV/0!           0.00
       32      9      Wood Flooring                                         0              0              0           #DIV/0!           0.00
       33      9      Resilent Flooring                                     0              0              0           #DIV/0!           0.00
       34      9      Painting and Decorating                               0              0              0           #DIV/0!           0.00
       35      9      Carpet                                                0              0              0           #DIV/0!           0.00
       36      9      Allowance for Division 9                              0              0              0           #DIV/0!           0.00
       37      10     Unit AC and/or Sleeves                                0              0              0           #DIV/0!           0.00
       38      10     Specialties                                           0              0              0           #DIV/0!           0.00
       39      10     Allowance for Division 10                             0              0              0           #DIV/0!           0.00
       40      11     Special Equipment (Specify)                           0              0              0           #DIV/0!           0.00
       41      11     Cabinets & Vanities                                   0              0              0           #DIV/0!           0.00
       42      11     Appliances                                            0              0              0           #DIV/0!           0.00
       43      11     Allowance for Division 11                             0              0              0           #DIV/0!           0.00
       44      12     Blinds, Shades & Artwork                              0              0              0           #DIV/0!           0.00
       45      12     Allowance for Division 12                             0              0              0           #DIV/0!           0.00
       46      13     Special Construction                                  0              0              0           #DIV/0!           0.00
       47      13     Allowance for Division 13                             0              0              0           #DIV/0!           0.00
       48      14     Elevators                                             0              0              0           #DIV/0!           0.00
       49      14     Allowance for Division 14                             0              0              0           #DIV/0!           0.00
       50      15     Plumbing                                              0              0              0           #DIV/0!           0.00
       51      15     Hydronic Heating                                      0              0              0           #DIV/0!           0.00
       52      15     HVAC                                                  0              0              0           #DIV/0!           0.00
       53      15     Fire Suppression                                      0              0              0           #DIV/0!           0.00
       54      15     Allowance for Division 15                             0              0              0           #DIV/0!           0.00
       55      16     Electrical (Building Only)                            0              0              0           #DIV/0!           0.00
       56      16     Allowance for Division 16                             0              0              0           #DIV/0!           0.00

       57              TOTAL STRUCTURE & LAND IMPROVEMENTS                  0              0              0

       58      1       General Requirements                                 0              0              0

       59                                    SUBTOTAL (Lines 42 & 43)       0              0              0

       60              Builder's Overhead & Profit                          0              0              0
       61                                    SUBTOTAL (Lines 44 & 45)       0              0              0

       62              Building Permit & Other Fees (Specify)               0              0              0
       63              Bond Premium                                         0              0              0
       64                              TOTAL FOR ALL IMPROVEMENTS           $0             $0            $0

    Within sixty (60) days after substantial completion of the Development, as determined by the Authority, and prior to Final Closing, General Contractor and identity of interest subcontractors
    shall deliver to the Authority, in form and content acceptable to the Authority, audited statements of costs certified by independent certified public accountant(s) licensed in the State of
    Connecticut and acceptable to the Authority, to further verify such costs.
                                                           I/We hereby certify that the proposed housing can be built for the cost shown above.
                               Mortgagor and Contractor                                                                                              CHFA / DECD Staff


                       Signature                                  Date                                                      Signature                                   Date


                    Contractor Name                                Title                                                        Name                                    Title



                       Signature                                  Date                                                      Signature                                   Date


                    Mortgagor Name                                 Title                                                        Name                                    Title



C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Project Cost Summary Linked                                                                                                        46 of 60
                                                                                                           Version 2: 2009
                                          Exhibit 3.11.a. - Market Survey                                 Submission Date:



             DEVELOPMENT NAME                     0                           APPLICANT               0



Complete the following information for each development in the proposed project's primary market area. Attach
extra sheets if necessary. The primary market area for the proposal is defined as:

Development Name:
Address:


                                                                                Utilities Included,
                Unit Mix/Rent:          # of Units            Rent/Mo.               Yes or No
                    0-BR:
                    1-BR:
                    2-BR:
                    3-BR:
                    4-BR:

     Distance to proposed site:
     Comparability to proposed project: (10 high to 1 low):
     Current Occupancy %:                                     (Confirmed or Estimated):

Development Name:
Address:


                                                                                Utilities Included,
                Unit Mix/Rent:          # of Units            Rent/Mo.               Yes or No
                    0-BR:
                    1-BR:
                    2-BR:
                    3-BR:
                    4-BR:

     Distance to proposed site:
     Comparability to proposed project: (10 high to 1 low):
     Current Occupancy %:                                     (Confirmed or Estimated):

Development Name:
Address:


                                                                                Utilities Included,
                Unit Mix/Rent:          # of Units            Rent/Mo.               Yes or No
                    0-BR:
                    1-BR:
                    2-BR:
                    3-BR:
                    4-BR:

     Distance to proposed site:
     Comparability to proposed project: (10 high to 1 low):
     Current Occupancy %:                                     (Confirmed or Estimated):




         C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Market Survey                                     47 of 60
                                                                                                                                                              Version 2: 2009

                                                  Exhibit 4.1 - RENTAL INCOME CALCULATION WORKSHEET                                                          Submission Date:



           DEVELOPMENT NAME                                          0                                 APPLICANT                                0

                         Current Year                    2009                                         Proforma Stabilized Year (PSY)                     0

                                                                               UTILITY ALLOWANCE

                                                  "X" all that Apply                          Enter Current Year Tenant Paid Utility Allowance for all the Apply
                       Indicate Energy
                         Source (e.g.:
                         gas, electric)     Owner Paid          Tenant Paid            0BR                1BR               2BR                3BR                 4BR

        Heating
        Hot Water
        Cooking
        Lighting
        Air Cond.
        Other
                                                               Total                  $0.00               $0.00             $0.00             $0.00                $0.00
                    Utility Allowance Trended to Proforma Stabilized Year:            $0.00               $0.00             $0.00             $0.00                $0.00

                               Source and Effective Date of Utility Allowances:

                                                                                  RENTAL INCOME

                                                                                                           0                0               0               0
          AMI %          # Bedrooms           # Units           Unit Size          Number of          Applicant's  Utility Allowance   Applicant's      Estimated
                                                              (Square Feet)       Baths per Unit       Proposed                         Proposed      Monthly Rental
                                                                                                     Monthly Gross                     Monthly Net   Subsidy per Unit
                                                                                                         Rent                        (Contract) Rent


                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0
                                                                                                                            $0.00              $0

                                                                     0                  0                   0                 0                                      0
          AMI %          # Bedrooms           # Units            Monthly          Annual Gross        Annual Gross      Total Annual      Vacancy Rate       Effective Gross
                                                              Effective Rent      Contract Rent      Rental Subsidy    Gross Revenue                             Income
                                                                                    Revenue             Revenue



            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
            0%                 0                  0                 $0                 $0                  $0                $0                n/a                  $0
                                Total             0                                    $0                  $0                $0                $0                   $0

      Number of LITHC Qualified Units             0          Number of Other Affordable Units               0              Number of Market Rate Units              0




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Rental Income Calc Worksheet                                                                             48 of 60
                                                                                                                                                   Version 2: 2009

                                                  Exhibit 4.1 - RENTAL INCOME CALCULATION WORKSHEET                                               Submission Date:




                                                                     CHFA & DECD RENT GUIDELINES

                                                2009            2009              2009            2009              0
           AMI %         # Bedrooms          Maximum         Allowable          Maximum         Maximum         Maximum
                                             Allowable     Housing Cost     Allowable Gross Allowable Gross Allowable Gross
                                          Family Income                           Rent            Rent            Rent
                                           (DECD Only)      (DECD Only)      (DECD Only)      (CHFA Only)     (CHFA Only)
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0
             0%                0                                $0                                                 $0

                          AMENITIES                                                                           FUNDING SOURCES

     Identify the amenities that are included:                             Identify AMI percentages and corresponding funding sources (DECD only) :
                             Yes                 No                         Funding (e.g. Home, LIHTC, Flex     Targeted AMI                      Percentage of
     Range
                                                                                                                                Number of Units
                             Yes                 No                                     Funds)                   Percentage                           Units
     Refrigerator
                             Yes                 No
     Dishwasher                                                                                                                                       #DIV/0!
                             Yes                 No
     Garbage Disposal                                                                                                                                 #DIV/0!
                             Yes                 No
     Air Conditioning                                                                                                                                 #DIV/0!
                             Yes                 No
     Garages                                                                                                                                          #DIV/0!
                             Yes                 No
     Porch/Deck                                                                                                                                       #DIV/0!
                             Yes                 No
     Basement                                                                                                                                         #DIV/0!
     Other-Identify:                                                                                                                                  #DIV/0!




C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Rental Income Calc Worksheet                                                                  49 of 60
                                                                                                                                                     Version 2: 2009

                                                         Exhibit 4.2.a - DETAILED INCOME & EXPENSES                                                 Submission Date:



                                  DEVELOPMENT NAME                                 0                           APPLICANT                      0

               Expenses are based on Proforma Stabilized Year        0                       Number of Units       0

                                                                                                           Asset Manager   Total Asset    Total Asset  Total Asset
                                                                                             Asset Manager Adjustment -     Manager        Manager      Manager
                                                                                Non-          Adjustment -     Non-         Adjusted     Adjusted Non- Adjusted
       LINE ITEM DESCRIPTION                                    Residential   Residential      Residential  Residential    Residential    Residential   Proforma
1      Rent Revenue- Gross Potential                                      0                                                          0              0              0
2      Tenant Assistance Payments (HAP Receipts)                          0                                                          0              0              0
3      Rent Revenue- Stores & Commercial                                                                                             0              0              0
4      Rent Revenue- Garage & Parking                                                                                                0              0              0
5      Flexible Subsidy Revenue                                                                                                      0              0              0
6      Miscellaneous Rent Revenue                                                                                                    0              0              0
7      Excess Rent                                                                                                                   0              0              0
8      Rent Revenue- Insurance                                                                                                       0              0              0
9      Special Claims Revenue                                                                                                        0              0              0
10     Retained Excess Income                                                                                                        0              0              0
11     Total Rent Revenue (GPI @ 100% Occupancy)                          0              0                0            0             0              0              0
12     Apartments- Vacancy                                                0                                                          0              0              0
13     Stores & Commercial- Vacancy                                                                                                  0              0              0
14     Rental Concessions                                                                                                            0              0              0
15     Garage & Parking- Vacancy                                                                                                     0              0              0
16     Miscellaneous (other vacancy)                                                                                                 0              0              0
17     Total Vacancies                                                    0              0                0            0             0              0              0
18     Net Rental Revenue (Rent Revenue Less Vacancy)                     0              0                0            0             0              0              0
19     Elderly & Congregate Serv. Income (attach schedule)                                                                           0              0              0
20     Financial Revenue- Project Operations                                                                                         0              0              0
21     Revenue from Investments- Residual Receipts                                                                                   0              0              0
22     Revenue from Investments- Replacement Reserves                                                                                0              0              0
23     Revenue from Investments- Miscellaneous                                                                                       0              0              0
24     Total Financial Revenue                                            0              0                0            0             0              0              0
25     Laundry & Vending Revenue                                                                                                     0              0              0
26     NSF & Late Fees                                                                                                               0              0              0
27     Damages & Cleaning Fees                                                                                                       0              0              0
28     Forfeited Tenant Security Deposits                                                                                            0              0              0
29     Tenant Charges (Total of Line 26-28)                               0              0                0            0             0              0              0
30     Interest Reduction Payments                                                                                                   0              0              0
31     Miscellaneous Revenue                                                                                                         0              0              0
32     Total Other Revenue                                                0              0                0            0             0              0              0
33     TOTAL REVENUE                                                      0              0                0            0             0              0              0
34     Conventions & Meetings                                                                                                        0              0              0
35     Management Consultants                                                                                                        0              0              0
36     Advertising & Marketing                                                                                                       0              0              0
37     Apartment Resale Expenses (Co-ops)                                                                                            0              0              0
38     Other Renting Expenses                                                                                                        0              0              0
39     Office Salaries                                                                                                               0              0              0
40     Office Supplies                                                                                                               0              0              0
41     Telephone & Answering Service                                                                                                 0              0              0
42     Office Expenses (Total of Line 40 & 41)                            0              0                0            0             0              0              0
43     Office or Model Apartment Rent                                                                                                0              0              0
44     Management Fee                                                                                                                0              0              0
45     Manager or Superintendent Salaries                                                                                            0              0              0
46     Administrative Rent Free Unit                                                                                                 0              0              0
47     Legal Expense- Project                                                                                                        0              0              0
48     Audit Expense                                                                                                                 0              0              0
49     Bookkeeping Fees/Accounting Services                                                                                          0              0              0
50     Bad Debts                                                                                                                     0              0              0
51     Miscellaneous Administrative Expenses                                                                                         0              0              0




     C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Detailed Income and Expenses                                                     50 of 60
                                                                                                                                                     Version 2: 2009

                                                           Exhibit 4.2.a - DETAILED INCOME & EXPENSES                                               Submission Date:



                                     DEVELOPMENT NAME                               0                          APPLICANT                      0

                Expenses are based on Proforma Stabilized Year        0                      Number of Units       0

                                                                                                           Asset Manager   Total Asset    Total Asset  Total Asset
                                                                                             Asset Manager Adjustment -     Manager        Manager      Manager
                                                                                 Non-         Adjustment -     Non-         Adjusted     Adjusted Non- Adjusted
       LINE ITEM DESCRIPTION                                     Residential   Residential     Residential  Residential    Residential    Residential   Proforma
52     Total Administrative Expenses                                       0             0                0            0             0              0              0
53     Fuel Oil/ Coal                                                                                                                0              0              0
54     Electricity                                                                                                                   0              0              0
55     Water                                                                                                                         0              0              0
56     Gas                                                                                                                           0              0              0
57     Sewer                                                                                                                         0              0              0
58     Total Utilities Expense                                             0             0                0            0             0              0              0
59     Janitor & Cleaning Payroll                                                                                                    0              0              0
60     Grounds Payroll                                                                                                               0              0              0
61     Repairs Payroll                                                                                                               0              0              0
62     Payroll (Total of Line 59-61)                                       0             0                0            0             0              0              0
63     Janitor and Cleaning Supplies                                                                                                 0              0              0
64     Exterminating Supplies                                                                                                        0              0              0
65     Ground Supplies                                                                                                               0              0              0
66     Repairs Material                                                                                                              0              0              0
67     Decorating Supplies                                                                                                           0              0              0
68     Supplies (Total of Line 63-67)                                      0             0                0            0             0              0              0
69     Janitor and Cleaning Contracts                                                                                                0              0              0
70     Exterminating Contracts                                                                                                       0              0              0
71     Grounds Contracts                                                                                                             0              0              0
72     Repairs Contracts                                                                                                             0              0              0
73     Elevator Maintenance Contract                                                                                                 0              0              0
74     Swimming Pool Maintenance Contract                                                                                            0              0              0
75     Decorating (Painting) Contract/Payroll                                                                                        0              0              0
76     Contracts (Total of Line 69-75)                                     0             0                0            0             0              0              0
77     Operating & Maintenance Rent Free Unit                                                                                        0              0              0
78     Garbage & Trash Removal                                                                                                       0              0              0
79     Security Payroll/ Contracts                                                                                                   0              0              0
80     Security Rent Free Unit                                                                                                       0              0              0
81     Heating/Cooling Repairs & Maintenance                                                                                         0              0              0
82     Snow Removal                                                                                                                  0              0              0
83     Vehicle & Maint. Equip. Operation & Repair                                                                                    0              0              0
84     Miscellaneous Operating & Maintenance                                                                                         0              0              0
85     Total Operating & Maintenance Expenses                              0             0                0            0             0              0              0
86     Real Estate Tax                                                                                                               0              0              0
87     Payroll Taxes (project share)                                                                                                 0              0              0
88     Property & Liability Insurance                                                                                                0              0              0
89     Fidelity Bond Insurance                                                                                                       0              0              0
90     Workmen's Compensation                                                                                                        0              0              0
91     Health Insurance & Other Benefits                                                                                             0              0              0
92     Miscellaneous Taxes, Licenses, Permits                                                                                        0              0              0
93     Other Insurance                                                                                                               0              0              0
94     Misc. Taxes, Lic., Permits & Ins. (Lines 92 & 93)                   0             0                0            0             0              0              0
95     Total Taxes & Insurance                                             0             0                0            0             0              0              0
96     Elderly & Congregate Serv. Expense (attach schedule)                                                                          0              0              0
97     TOTAL OPERATING EXPENSES                                            0             0                0            0             0              0              0
98     OPERATING INCOME (LOSS)                                             0             0                0            0             0              0              0
99     Mortgage Principal & Interest- CHFA Debt                                                                                      0              0              0
100    Mortgage Principal & Interest- Other Debt                                                                                     0              0              0
101    Mortgage Insurance Premium/ Service Charges                                                                                   0              0              0
102    Miscellaneous Financial Expenses                                                                                              0              0              0
103    Total Financial Expenses                                            0             0                0            0             0              0              0
104    Replacement Reserve Deposits                                                                                                  0              0              0
105    Operating (Other) Reserve Deposits                                                                                            0              0              0



     C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Detailed Income and Expenses                                                     51 of 60
                                                                                                                                                                  Version 2: 2009

                                                            Exhibit 4.2.a - DETAILED INCOME & EXPENSES                                                           Submission Date:



                                  DEVELOPMENT NAME                                       0                          APPLICANT                                0

               Expenses are based on Proforma Stabilized Year           0                         Number of Units         0

                                                                                                                Asset Manager        Total Asset      Total Asset  Total Asset
                                                                                                  Asset Manager Adjustment -          Manager          Manager      Manager
                                                                                      Non-         Adjustment -     Non-              Adjusted       Adjusted Non- Adjusted
       LINE ITEM DESCRIPTION                                      Residential       Residential     Residential  Residential         Residential      Residential   Proforma
 106   NET PROJECTED CASH FLOW                                                0               0                0                0                0               0                0
 107   Replacement Reserve Releases                                                                                                              0               0                0
 108   Operating Reserve Releases                                                                                                                0               0                0
 109   Capital Improvements- Building (attach schedule)                                                                                          0               0                0
 110   Capital Improvements- Equipment (attach schedule)                                                                                         0               0                0
 111   Net Operating Income (NOI)                                                                                                                                                 0
 112   Debt Service Coverage Ratio (DSC)                                                                                                                                         n/a
 113   Per Unit Expenses (Less: RE Taxes)                                     0                                                                                                   0

                                        Form Prepared by:

                                           Phone Number:

The undersigned presents the enclosed estimates as reasonable and accurate projections of operating income and expenses for stated stabilized fiscal year.
CHFA/DECD Accepted By:                                                                            Management Company Accepted By:


Signature                                                                   Date                  Signature                                                                     Date


Name                                                                        Title                 Name                                                                          Title




     C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Detailed Income and Expenses                                                                  52 of 60
                                                                                                                                            Version 2: 2009

                                                               Exhibit 4.2.c - EXPENSES SUMMARY                                          Submission Date:



            DEVELOPMENT NAME                                  0                    APPLICANT                             0

                                                                                                                                    DETAILED INCOME
                                                                                                      NON-
                                                                                                                                    & EXPENSES LINE
            EXPENSES                                                 RESIDENTIAL    $ / PUPA       RESIDENTIAL       COMBINED
                                                                                                                                       REFERENCE
            Administrative                                                     -               -                 -              -
            Conventions and Meetings                                           -               -                 -              -   34
            Management Consultants                                             -               -                 -              -   35
            Advertising and Marketing                                          -               -                 -              -   36
            Office Salaries (Project Share)                                    -               -                 -              -   39
            Office Rent and Expenses (Incld. Phone)                            -               -                 -              -   37,38,40,41,43
            Management Fee (Max. 5% EGI)                   #DIV/0!             -               -                 -              -   44
            Manager or Leasing Agent                                           -               -                 -              -   45
            Administrative Rent-Free / Reduced Unit                            -               -                 -              -   46
            Audit and Legal Expenses (Project Share)                           -               -                 -              -   47,48,49
            Administrative / Misc.                                             -               -                 -              -   50,51
            Maintenance                                                        -               -                 -              -
            Decorating and Painting                                            -               -                 -              -   67,75
            Supplies (Grounds Maint ./ Janitorial / Etc. )                     -               -                 -              -   65,66
            Repairs and Maint. (HVAC / Electrical / Plumbing)                  -               -                 -              -   71,72,74,77,81
            Elevator Maint. / Service Contract                                 -               -                 -              -   73
            Exterminating                                                      -               -                 -              -   70,64
            Vehicle Equipment Operation & Repair                               -               -                 -              -   83
            Lobby and Common Areas                                             -               -                 -              -   63,69
            Misc. Operating and Maintenance                                    -               -                 -              -   84
            Operating and Other                                                -               -                 -              -
            Fuel (Gas / Oil )                                                  -               -                 -              -   53,56
            Electricity                                                        -               -                 -              -   54
            Water and Sewer                                                    -               -                 -              -   55,57
            Garbage and Trash Removal                                          -               -                 -              -   78
            Snow Removal                                                       -               -                 -              -   82
            Property and Liability Insurance                                   -               -                 -              -   88
            Fidelity Bond Insurance                                            -               -                 -              -   89
            Worker's Compensation                                              -               -                 -              -   90
            Payroll (Maint., Security, Janitorial, Etc.)                       -               -                 -              -   59,60,61
            Payroll Taxes                                                      -               -                 -              -   87
            Health Insurance and Other Benefits                                -               -                 -              -   91
            Misc.Taxes, Licenses, Permits and Insurance                        -               -                 -              -   92
            Security Contract/s                                                -               -                 -              -   79,80
            Total ADMIN, MAINT. And OPERATING                                  -               -                 -              -
            Other                                                              -               -                 -              -   93,96
            Capital (Replacement) Reserve                                      -               -                 -              -   104
                                     Sub-Total (Incld. RESERVES)               -               -                 -              -
            Real Estate Taxes                                                  -               -                 -              -   86
                                      TOTAL ANNUAL EXPENSES                    -               -                 -              -

C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Expenses Summary                                                                            53 of 60
                                                                                                                                                                          Version 2: 2009

                                                                   Exhibit 4.3 - CASH FLOW                                                                                Submission Date:



        DEVELOPMENT NAME                               0                                                 APPLICANT                      0

INCOME                                                                                                       1                2                  3              4                  5
[ Net of Vacancy Losses ]                                                           Growth %                 0                1                  2              3                  4

                                           RESIDENTIAL - Qualified / Afford. 2.0%                                    -              -                  -              -                      -
                                               RESIDENTIAL - Market Rate     2.0%                                    -              -                  -              -                      -
                                                                      Other  2.0%                                    -              -                  -              -                      -
                                                          EFFECTIVE GROSS INCOME (EGI)               $               -   $          -       $          -   $          -    $                 -

EXPENSES                                                      Administrative          3.0%                           -              -                  -              -                      -
                                                                Maintenance           3.0%                           -              -                  -              -                      -
                                                         Operating and Other          3.0%                           -              -                  -              -                      -
                                                                       Other          3.0%                           -              -                  -              -                      -
                                              Capital (Replacement) Reserve           4.0%                           -              -                  -              -                      -
                                                Real Estate Taxes / PILOT's           3.0%                           -              -                  -              -                      -
                                                                Sub Total: ANNUAL EXPENSES           $               -   $          -       $          -   $          -    $                 -

                                                                                               NOI   $               -   $          -       $          -   $          -    $                 -

                                                        Capital (Replacement) Reserve Balance                        -              -                  -              -                      -

SCHEDULED ANNUAL DEBT SERVICE (ADS)

CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]                   $0                 Pay Rate ADS            0                0                  0              0                  0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a                n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

CHFA 1st Mortg. Loan [ Taxable Bonds ]                           $0                 Pay Rate ADS            0                0                  0              0                  0
                                     Term (Yrs.) >                0                          DSC            n/a              n/a                n/a            n/a                n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                       $0                 Pay Rate ADS            0                0                  0              0                  0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a                n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

CHFA Next Steps Funds                                            $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

DECD / HUD HOME Funds                                            $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

DECD Affordable Housing Program - FLEX                           $0                 Pay Rate ADS            0                0                  0              0                  0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a                n/a
                                 Contract Rate >               0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

DECD Housing Trust Fund                                          $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

DECD / HUD CDBG Small Cities Funds                               $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

DECD Other [ Specify ]                                           $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                  0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a                n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                  0

                                                                                    ADS STOT. =             0                 0                  0              0                  0

                                                  CASH FLOW AFTER DEBT SERVICE (CFADS)                      0                 0                  0              0                  0
                                                                               PROJECT DSC =               0.00              0.00               0.00           0.00              0.00
                                                            EFFECTIVE DSC (w/Op-DSC Reserve)                n/a              n/a                n/a            n/a                n/a
OPERATING / DEBT SERVICE / COVERAGE RESERVE

Required Financing Reserve             NPV's                               Project Actual DSC >            0.00              0.00               0.00           0.00              0.00
                     For 1.0 DSC          0                                  BALANCE (B.O.Y.)               0                0                  0              0                  0
               For 1.0 - 1.15 DSC         0                          OUTFLOWS (for 1.00 DSC)                0                0                  0              0                  0
               TOTAL RESERVE             $0                                         5.00%                   0                0                  0              0                  0
                                                                             Paid INTO Reserve              0                0                  0              0                  0
Required Next Steps Reserve            NPV's                                 BALANCE (E.O.Y.)               0                0                  0              0                  0
                    For 1.0 DSC          0                 Economic Coverage (1.00 to 1.15 DSC)             0                0                  0              0                  0
              For 1.0 - 1.05 DSC         0                 Economic Coverage (1.00 to 1.05 DSC)             0                0                  0              0                  0
               TOTAL RESERVE            $0                                     EFFECTIVE NOI                0                0                  0              0                  0
                                                                              EFFECTIVE DSC                 n/a              n/a                n/a            n/a                n/a




      C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Cash Flow                                                                                                       54 of 60
                                                                                                                                                                           Version 2: 2009
                                                                   Exhibit 4.3 - CASH FLOW                                                                                Submission Date:



        DEVELOPMENT NAME                               0                                                 APPLICANT                      0

INCOME                                                                                                       6                7                  8              9               10
[ Net of Vacancy Losses ]                                                           Growth %                 5                6                  7              8                9

                                           RESIDENTIAL - Qualified / Afford. 2.0%                                    -              -                  -              -                    -
                                               RESIDENTIAL - Market Rate     2.0%                                    -              -                  -              -                    -
                                                                      Other  2.0%                                    -              -                  -              -                    -
                                                          EFFECTIVE GROSS INCOME (EGI)               $               -   $          -       $          -   $          -   $                -

EXPENSES                                                      Administrative          3.0%                           -              -                  -              -                    -
                                                                Maintenance           3.0%                           -              -                  -              -                    -
                                                         Operating and Other          3.0%                           -              -                  -              -                    -
                                                                       Other          3.0%                           -              -                  -              -                    -
                                              Capital (Replacement) Reserve           4.0%                           -              -                  -              -                    -
                                                Real Estate Taxes / PILOT's           3.0%                           -              -                  -              -                    -
                                                                Sub Total: ANNUAL EXPENSES           $               -   $          -       $          -   $          -   $                -

                                                                                               NOI   $               -   $          -       $          -   $          -   $                -

                                                        Capital (Replacement) Reserve Balance                        -              -                  -              -                    -

SCHEDULED ANNUAL DEBT SERVICE (ADS)

CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]                   $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA 1st Mortg. Loan [ Taxable Bonds ]                           $0                 Pay Rate ADS            0                0                  0              0                0
                                     Term (Yrs.) >                0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                       $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA Next Steps Funds                                            $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD / HUD HOME Funds                                            $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Affordable Housing Program - FLEX                           $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                 Contract Rate >               0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Housing Trust Fund                                          $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD / HUD CDBG Small Cities Funds                               $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Other [ Specify ]                                           $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

                                                                                    ADS STOT. =             0                 0                  0              0                0

                                                  CASH FLOW AFTER DEBT SERVICE (CFADS)                      0                 0                  0              0                0
                                                                               PROJECT DSC =               0.00              0.00               0.00           0.00             0.00
                                                            EFFECTIVE DSC (w/Op-DSC Reserve)                n/a              n/a                n/a            n/a              n/a
OPERATING / DEBT SERVICE / COVERAGE RESERVE

Required Financing Reserve             NPV's                               Project Actual DSC >            0.00              0.00               0.00           0.00             0.00
                     For 1.0 DSC          0                                  BALANCE (B.O.Y.)               0                0                  0              0                0
               For 1.0 - 1.15 DSC         0                          OUTFLOWS (for 1.00 DSC)                0                0                  0              0                0
               TOTAL RESERVE             $0                                         5.00%                   0                0                  0              0                0
                                                                             Paid INTO Reserve              0                0                  0              0                0
Required Next Steps Reserve            NPV's                                 BALANCE (E.O.Y.)               0                0                  0              0                0
                    For 1.0 DSC          0                 Economic Coverage (1.00 to 1.15 DSC)             0                0                  0              0                0
              For 1.0 - 1.05 DSC         0                 Economic Coverage (1.00 to 1.05 DSC)             0                0                  0              0                0
               TOTAL RESERVE            $0                                     EFFECTIVE NOI                0                0                  0              0                0
                                                                              EFFECTIVE DSC                 n/a              n/a                n/a            n/a              n/a




      C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Cash Flow                                                                                                     55 of 60
                                                                                                                                                                          Version 2: 2009
                                                                   Exhibit 4.3 - CASH FLOW                                                                                Submission Date:



        DEVELOPMENT NAME                               0                                                 APPLICANT                      0

INCOME                                                                                                      11               12                 13             14                15
[ Net of Vacancy Losses ]                                                           Growth %                10               11                 12             13                14

                                           RESIDENTIAL - Qualified / Afford. 2.0%                                    -              -                  -              -                      -
                                               RESIDENTIAL - Market Rate     2.0%                                    -              -                  -              -                      -
                                                                      Other  2.0%                                    -              -                  -              -                      -
                                                          EFFECTIVE GROSS INCOME (EGI)               $               -   $          -       $          -   $          -   $                  -

EXPENSES                                                      Administrative          3.0%                           -              -                  -              -                      -
                                                                Maintenance           3.0%                           -              -                  -              -                      -
                                                         Operating and Other          3.0%                           -              -                  -              -                      -
                                                                       Other          3.0%                           -              -                  -              -                      -
                                              Capital (Replacement) Reserve           4.0%                           -              -                  -              -                      -
                                                Real Estate Taxes / PILOT's           3.0%                           -              -                  -              -                      -
                                                                Sub Total: ANNUAL EXPENSES           $               -   $          -       $          -   $          -   $                  -

                                                                                               NOI   $               -   $          -       $          -   $          -   $                  -

                                                        Capital (Replacement) Reserve Balance                        -              -                  -              -                      -

SCHEDULED ANNUAL DEBT SERVICE (ADS)

CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]                   $0                 Pay Rate ADS            0                0                  0              0                 0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a               n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

CHFA 1st Mortg. Loan [ Taxable Bonds ]                           $0                 Pay Rate ADS            0                0                  0              0                 0
                                     Term (Yrs.) >                0                          DSC            n/a              n/a                n/a            n/a               n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                       $0                 Pay Rate ADS            0                0                  0              0                 0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a               n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

CHFA Next Steps Funds                                            $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

DECD / HUD HOME Funds                                            $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

DECD Affordable Housing Program - FLEX                           $0                 Pay Rate ADS            0                0                  0              0                 0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a               n/a
                                 Contract Rate >               0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

DECD Housing Trust Fund                                          $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

DECD / HUD CDBG Small Cities Funds                               $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

DECD Other [ Specify ]                                           $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                 0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a               n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                 0

                                                                                    ADS STOT. =             0                 0                  0              0                0

                                                  CASH FLOW AFTER DEBT SERVICE (CFADS)                      0                 0                  0              0                0
                                                                               PROJECT DSC =               0.00              0.00               0.00           0.00             0.00
                                                            EFFECTIVE DSC (w/Op-DSC Reserve)                n/a              n/a                n/a            n/a              n/a
OPERATING / DEBT SERVICE / COVERAGE RESERVE

Required Financing Reserve             NPV's                               Project Actual DSC >            0.00              0.00               0.00           0.00             0.00
                     For 1.0 DSC          0                                  BALANCE (B.O.Y.)               0                0                  0              0                0
               For 1.0 - 1.15 DSC         0                          OUTFLOWS (for 1.00 DSC)                0                0                  0              0                0
               TOTAL RESERVE             $0                                         5.00%                   0                0                  0              0                0
                                                                             Paid INTO Reserve              0                0                  0              0                0
Required Next Steps Reserve            NPV's                                 BALANCE (E.O.Y.)               0                0                  0              0                0
                    For 1.0 DSC          0                 Economic Coverage (1.00 to 1.15 DSC)             0                0                  0              0                0
              For 1.0 - 1.05 DSC         0                 Economic Coverage (1.00 to 1.05 DSC)             0                0                  0              0                0
               TOTAL RESERVE            $0                                     EFFECTIVE NOI                0                0                  0              0                0
                                                                              EFFECTIVE DSC                 n/a              n/a                n/a            n/a              n/a




      C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Cash Flow                                                                                                      56 of 60
                                                                                                                                                                           Version 2: 2009
                                                                   Exhibit 4.3 - CASH FLOW                                                                                Submission Date:



        DEVELOPMENT NAME                               0                                                 APPLICANT                      0

INCOME                                                                                                      16               17                 18             19               20
[ Net of Vacancy Losses ]                                                           Growth %                15               16                 17             18               19

                                           RESIDENTIAL - Qualified / Afford. 2.0%                                    -              -                  -              -                    -
                                               RESIDENTIAL - Market Rate     2.0%                                    -              -                  -              -                    -
                                                                      Other  2.0%                                    -              -                  -              -                    -
                                                          EFFECTIVE GROSS INCOME (EGI)               $               -   $          -       $          -   $          -   $                -

EXPENSES                                                      Administrative          3.0%                           -              -                  -              -                    -
                                                                Maintenance           3.0%                           -              -                  -              -                    -
                                                         Operating and Other          3.0%                           -              -                  -              -                    -
                                                                       Other          3.0%                           -              -                  -              -                    -
                                              Capital (Replacement) Reserve           4.0%                           -              -                  -              -                    -
                                                Real Estate Taxes / PILOT's           3.0%                           -              -                  -              -                    -
                                                                Sub Total: ANNUAL EXPENSES           $               -   $          -       $          -   $          -   $                -

                                                                                               NOI   $               -   $          -       $          -   $          -   $                -

                                                        Capital (Replacement) Reserve Balance                        -              -                  -              -                    -

SCHEDULED ANNUAL DEBT SERVICE (ADS)

CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]                   $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA 1st Mortg. Loan [ Taxable Bonds ]                           $0                 Pay Rate ADS            0                0                  0              0                0
                                     Term (Yrs.) >                0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                       $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                  Contract Rate >              0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

CHFA Next Steps Funds                                            $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD / HUD HOME Funds                                            $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Affordable Housing Program - FLEX                           $0                 Pay Rate ADS            0                0                  0              0                0
                                    Term (Yrs.) >                 0                          DSC            n/a              n/a                n/a            n/a              n/a
                                 Contract Rate >               0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Housing Trust Fund                                          $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD / HUD CDBG Small Cities Funds                               $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

DECD Other [ Specify ]                                           $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

Other [ Specify ]                                                $0                 Pay Rate ADS            0                0                  0              0                0
                                      Term (Yrs.) >               0                          DSC            n/a              n/a                n/a            n/a              n/a
                                    Contract Rate >            0.00%                 Bal. (E.O.Y.)           0                0                  0              0                0

                                                                                    ADS STOT. =             0                 0                  0              0                0

                                                  CASH FLOW AFTER DEBT SERVICE (CFADS)                      0                 0                  0              0                0
                                                                               PROJECT DSC =               0.00              0.00               0.00           0.00             0.00
                                                            EFFECTIVE DSC (w/Op-DSC Reserve)                n/a              n/a                n/a            n/a              n/a
OPERATING / DEBT SERVICE / COVERAGE RESERVE

Required Financing Reserve             NPV's                               Project Actual DSC >            0.00              0.00               0.00           0.00             0.00
                     For 1.0 DSC          0                                  BALANCE (B.O.Y.)               0                0                  0              0                0
               For 1.0 - 1.15 DSC         0                          OUTFLOWS (for 1.00 DSC)                0                0                  0              0                0
               TOTAL RESERVE             $0                                         5.00%                   0                0                  0              0                0
                                                                             Paid INTO Reserve              0                0                  0              0                0
Required Next Steps Reserve            NPV's                                 BALANCE (E.O.Y.)               0                0                  0              0                0
                    For 1.0 DSC          0                 Economic Coverage (1.00 to 1.15 DSC)             0                0                  0              0                0
              For 1.0 - 1.05 DSC         0                 Economic Coverage (1.00 to 1.05 DSC)             0                0                  0              0                0
               TOTAL RESERVE            $0                                     EFFECTIVE NOI                0                0                  0              0                0
                                                                              EFFECTIVE DSC                 n/a              n/a                n/a            n/a              n/a




      C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Cash Flow                                                                                                     57 of 60
                                                                                                                                                  Version 2: 2009

                                                            Exhibit 5.3 - DEVELOPMENT BUDGET                                                     Submission Date:



 DEVELOPMENT NAME                                   0                         APPLICANT                               0

                                                                                               TAX CREDIT ELIGIBLE BASIS                  FINANCE PLAN
                                                                       %       BUDGET        70% NPV - 9% or 30% NPV - 4%
                                                                                              30% NPV - 4%    Exist. Building     DECD HOME        Other DECD
                                                                                              (New / Rehab.) Acquisition Credit
SITE & IMPROVEMENTS (Div. 1-16) Hard Costs                                        0                 0               N/A
GENERAL REQUIREMENTS (Max. 4% Site + Improvements)                  #DIV/0!       0                 0               N/A
OVERHEAD and PROFIT ( Max. 12% Site + Improvements)                 #DIV/0!       0                 0               N/A
BOND PREMIUM / L.O.C. COST                                                        0                 0               N/A
BUILDING PERMITS and OTHER DEVELOPMENT FEES                                       0                 0               N/A
CONSTRUCTION (Form 2328) Sub-Total                                                0                 0               N/A               0                    0
Other                                                                                               0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
CONSTRUCTION CONTINGENCY (% Const. >)                               #DIV/0!                         0               N/A
CONSTRUCTION                                                                      0                 0               N/A               0                    0
ARCHITECT - Design                                                                                  0               N/A
ARCHITECT - Contract Admin (Min. 35%) (% Contract > )               #DIV/0!                         0               N/A
ENGINEERING (Civil-Site / Structural / Etc.)                                                        0               N/A
SURVEYS                                                                                             0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
ARCHITECTURAL and ENGINEERING                                                     0                 0               N/A               0                    0
INTEREST (CHFA) - Const. + 2 Mos.Lease Up                                                           0               N/A
CHFA LOAN ORIG. / COMMIT. FEE                                       #DIV/0!                        N/A              N/A
INTEREST - Bridge Loan                                                                              0               N/A
FEES - Bridge Loan                                                                                  0               N/A
R. E. TAXES / PILOTS - Const. Period                                                                0               N/A
INSURANCE - Const. Period ( Builder's Risk / Liability / Hazard )                                   0               N/A
UTILITIES - Const. Period ( If Owner Paid )                                                         0               N/A
Negative Arbitrage on Bonds (If Applic.)                                                           N/A              N/A
Credit Enhancement Premium (HUD or Private Perm. Mortg. Insur.)                                    N/A              N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
CHFA CONSTRUCTION OBSERVATION                                                                       0               N/A
FINANCE and INTERIM COSTS                                                         0                 0               N/A               0                    0
Legal Counsel - Real Estate                                                                         0               N/A
Title Insur. Premiums & Recording Costs                                                             0               N/A
Appraisals/Market Study (CHFA /LIHTC/DECD Required)                                                 0               N/A
Lease Up & Marketing ($'s / Resid. Unit )                                                          N/A              N/A
Cost Certifications(CHFA/LIHTC/DECD Required)                                                      N/A              N/A
ENVIRONMENTAL REPORTS and TESTING                                                                   0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
Other                                                                                               0               N/A
SOFT COST CONTINGENCY (5% Max.) (A&E+FIN+SOFT %)                     0.0%                           0               N/A
SOFT COSTS - Fees & Expenses                                                      0                 0               N/A               0                    0
TOTAL DEVELOPMENT COSTS (TDC)                                                     0                 0              N/A                0                    0
DEVELOPER ALLOWANCE / FEE (Max.15% TDC)                              0.0%                           0               N/A
PRE-DEVEL. FINANCING (Interest) COSTS [ Lender-Approved ]                                          N/A              N/A
  Land Cost                                                                                        N/A              N/A
  Existing Building/s                                                                              N/A              N/A
SITE ACQUISITION (Appraised "As Is" Value)                                        0                 0               N/A               0                    0
   Operating / Debt Serv./ Coverage                                               0                N/A              N/A              N/A                  N/A
   Capital / Replacement                                                                           N/A              N/A              N/A                  N/A
   Other                                                                                           N/A              N/A
CAPITALIZED RESERVES                                                              0                N/A              N/A               0                    0
RECOGNIZED LENDING COSTS                                                          0                 0                0                0                    0
Entity Organizational and Legal                                                                    N/A              N/A
Syndicator Fees / Commissions                                                                      N/A              N/A
Equity Bridge Loan Interest and Fees                                                               N/A              N/A
Tax Opinion and Entity Accounting                                                                  N/A              N/A
CHFA Tax Credit Fee (8% Ann. Credit)                                #DIV/0!                        N/A              N/A
CHFA LIHTC Applic. Fee                                                                             N/A              N/A
Other                                                                                              N/A              N/A
ENTITY and SYNDICATION COSTS / OTHER                                              0                 0               N/A               0                    0
TOTAL USES                                                                        0                 0                0                0                    0

                                 Developer                                                                      CHFA / DECD


         Signature                                                  Date         Signature                                                      Date


          Name                                                      Title             Name                                                      Title



     C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ DEVBGT                                                                           58 of 60
                                                                                                                                                          Version 2: 2009

                                                                 Exhibit 5.5 - LIHTC CALCULATION                                                         Submission Date:



                        DEVELOPMENT NAME                                    0                            APPLICANT                              0

                                                                         NON-LIHTC SOURCES

                              Debt Sources                                                                               Equity Sources
   CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]            0                        DECD / HUD HOME Funds                                                    0
   CHFA 1st Mortg. Loan [ Taxable Bonds ]                    0                        DECD Affordable Housing Program - FLEX                                   0
   CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                0                        DECD Housing Trust Fund                                                  0
   CHFA Next Steps Funds                                     0                        DECD / HUD CDBG Small Cities Funds                                       0
   DECD / HUD HOME Funds                                     0                        DECD Other [ Specify ]                                                   0
   DECD Affordable Housing Program - FLEX                    0                        Other Public Funds [ Specify ]                                           0
   DECD Housing Trust Fund                                   0                        Federal Historic Tax Credit Net Proceeds                                 0
   DECD / HUD CDBG Small Cities Funds                        0                        State Historic Tax Credit Net Proceeds                                   0
   DECD Other [ Specify ]                                    0                        CT HTCC Tax Credit Proceeds                                              0
   Other [ Specify ]                                         0                        Developer / Investor Cash Equity (b)                                     0
   Other [ Specify ]                                         0                        Deferred Developer Fee [c]                                               0
   Other [ Specify ]                                         0                        Homeownership Sales Proceeds                                             0
   Other [ Specify ]                                         0                        Other [ Specify ]                                                        0
                                                                                      Other [ Specify ]                                                        0
   Sub-Total                                                 0                        Sub-Total                                                                0

   Total Non-LIHTC Sources                                   0

                                                                        CREDIT CALCULATION

                                                                                                                           New / Rehab    Acquisition
                                                                                Credit NPV of AFR % = LIHTC Rates                                           TOTALS

                                                                                     TAX CREDIT ELIGIBLE BASIS                 $0              $0              $0
                                                                                     LESS: BASIS ADJUSTMENTS                   $0
                                                                               Non-Qualified Non-Recourse Financing                           N/A              $0
                                                                                  Non-Qualifying units of higher quality                      N/A              $0
                                                                          Non-Qual. excess portion of higher qual. units                      N/A              $0
                                                                             Fed. Historic Tax Credits (Resid. Portion)                       N/A              $0
                                                                                                                 Other                        N/A              $0
                                                                                                                 Other                        N/A              $0
                                                                                       PLUS: QCT / DDA INCREMENT               n/a            N/A              n/a
                                                                                          ADJUSTED ELIGIBLE BASIS              $0              $0              $0
                                                                                         X the Applicable Fraction (%)       #DIV/0!         #DIV/0!
                                                                                             TOTAL QUALIFIED BASIS           #DIV/0!         #DIV/0!        #DIV/0!
                                                                            ELIGIBLE Credit from QUALIFIED BASIS             #DIV/0!         #DIV/0!        #DIV/0!

                                                                                                                          LIHTC EQUITY GAP >                  $0
                                                                                                         ALLOWABLE Credit from GAP ANALYSIS >               #DIV/0!

                                                                                                                MAX. ANNUAL CREDIT AMOUNT (a)               #DIV/0!
                                                                                                                             Annual Credits Per Unit        #DIV/0!
                                                                                                                        Equity Raise ($ Yield / $1.00)
                                                                                                                     ESTIM. LIHTC NET PROCEEDS              #DIV/0!

C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ LIHTC Calculation                                                                                   59 of 60
                                                                                                                                                                                                                           Version 2: 2009
                                                                                                      Exhibit 5.6 - SOURCES OF FUNDS                                                                                      Submission Date:



                        DEVELOPMENT NAME                                             0                                           APPLICANT                               0

                                                            Construction           Permanent           Grant
EQUITY CAPITAL, GRANTS, Etc.                                  Sources               Sources          [Y] or [N]
                           DECD / HUD HOME Funds
           DECD Affordable Housing Program - FLEX
                            DECD Housing Trust Fund
              DECD / HUD CDBG Small Cities Funds
                               DECD Other [ Specify ]
                         Other Public Funds [ Specify ]
                         Federal LIHTC Net Proceeds                                      0              N/A
             Federal Historic Tax Credit Net Proceeds                                                   N/A
               State Historic Tax Credit Net Proceeds                                                   N/A
                       CT HTCC Tax Credit Proceeds                                                      N/A
                  Developer / Investor Cash Equity (b)                                                  N/A
                          Deferred Developer Fee [c]                                                    N/A
                      Homeownership Sales Proceeds
                                      Other [ Specify ]
                                      Other [ Specify ]
                                            Sub-Total             $0                     $0

                                                            Construction           Permanent           Perm.           Perm.          Const.             Fully       Deferred      Scheduled
                                                               Sources              Sources            Loan           Interest        Interest       Amortizing     PMT Loan          Debt              Financing Notes
FINANCING [Sources w/ Notes and Mortgages ]                                                        Amort. [Yrs.]       Rate            Rate            [Y] or [N]    [Y] or [N]      Service

    CHFA Loan 1st Mortg. Loan [ Tax-Exempt Bonds ]                                                                                                                     N/A              $0
              CHFA 1st Mortg. Loan [ Taxable Bonds ]                                                                                                                   N/A              $0
        CHFA 1st Mortg. Loan [ Non-Bond Proceeds ]                                                                                                                     N/A              $0
                             CHFA Next Steps Funds                                                                                                                                      $0
                           DECD / HUD HOME Funds                                                                                                                                        $0
           DECD Affordable Housing Program - FLEX                                                                                                                                       $0
                            DECD Housing Trust Fund                                                                                                                                     $0
              DECD / HUD CDBG Small Cities Funds                                                                                                                                        $0
                               DECD Other [ Specify ]                                                                                                                                   $0
                                      Other [ Specify ]                                                                                                                                 $0
                                      Other [ Specify ]                                                                                                                                 $0
                                      Other [ Specify ]                                                                                                                                 $0
                                      Other [ Specify ]                                                                                                                                 $0
                                            Sub-Total             $0                     $0                                                      Total Scheduled Debt Service           $0

                                      TOTAL Sources               $0                     $0
                          Total Development Budget                $0                     $0
                                  Sources LESS Uses               $0                     $0

(a) GRANTS: 3rd party sources for which no repayment is expected or required from other sources. Soft Debt: 3rd party sources secured by a mortgage and which may require partial or full repayment
    (with or without interest) are considered financing and should be scheduled under the FINANCING section above.
(b) Intra-Entity ( LP, LLC, etc. ) loans to be repaid from approved Owner's Distributions are considered Developer / Investor Cash Equity.
(c) Deferred/Pledged Developer Fees ("DDF") are considered cash equity contributions. For transactions utilizing federal Low-Income Housing Tax Credits,
    the amount of the DDF will be limited to a maximum of that which could be fully amortized from permitted Owner's Distributions at the Long-Term Applicable Federal Rate within the first ten (10)
    years of operations. The Authority, at its sole discretion, may approve a DDF for less than the permitted maximum.
(d) For construction / interim sources not fully converting to permanent sources, provide information on proposed permanent "paydown" source/s including estimated paydown amount/s
    and specific paydown terms and conditions as may be applicable.



     C:\Docstoc\Working\pdf\35056fbd-cdd3-407c-aaf8-f504aa28bc68.xls \ Sources of Funds                                                                                                                                      60 of 60

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:20
posted:8/13/2011
language:English
pages:60
Description: Tax Exempt Certificate 499 document sample