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Jarvis Landing

Apr 08, 2018

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    Print Preview - PreliminaryApplicationTax Credits, RPP Loans, and/or Tax Exempt Bond Loans

    roject Description

    oject Name: Jarvis Landing

    ddress: 7400 Caratoke Highway (US HWY 158)

    ty: Jarvisburg County: Currituck Zip:

    ensus Tract: 1104 Block Group: 2022

    project in Qualified Census Tract or Difficult to Develop Area? No

    e you requesting the basis boost under section II(E)(4) of the QAP? Yes

    olitical Jurisdiction: Currituck County

    risdiction CEO Name:First:Dan Last:Scanlan

    Title: County Administrator

    risdiction Address: Highway 158

    risdiction City: Currituck Zip:

    risdiction Phone:

    te Latitude:

    te Longitude:

    oject Type: New Construction

    Is this project a previously awarded tax creditdevelopment?

    w Construction/Adaptive Reuse:his project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No

    If yes, list names of previous phase(s):

    ehab:

    umber of residents holding Section 8uchers:

    l the project meet Energy Star standards as defined in Appendix B? Yes

    es a community revitalization plan exist? No

    ll the project use steel and concrete construction and have at least 4 stories? No

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (1 of 22)4/8/2009 2:50:39 PM

    27947

    27917

    (252)232-2075

    36.1040

    -75.5147

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    ll the project include a Community Service Facility under IRS Revenue Ruling 2003-77?o

    If yes, please describe:

    rget Population:Family

    ll the project be receiving project based federal rental assistance? No

    If yes, provide the subsidy source: and number of units:

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (2 of 22)4/8/2009 2:50:39 PM

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    pplicant Information

    icate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. UAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applica

    st become part of the ownership entity. The applicant will execute the signature page for this application.

    pplicant Name: The Affordable Housing Group of North Carolina, Inc.

    ddress: 1300 Baxter Street, Suite 215

    ty: Charlotte State: NC Zip:

    ontact: First: Kathy Last:Stilwell Title:Dep. Director

    elephone:

    t Phone:

    ax:

    mail Address:

    OTE: Email Address above will be used for communication between NCHFA and Applicant.

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (3 of 22)4/8/2009 2:50:39 PM

    28204

    (704)968-7202

    (704)342-3316

    (704)376-8709

    [email protected]

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    te Description

    tal Site Acreage: Total Buildable Acreage:

    If buildable acreage is less than total acreage, please explain:

    ntify utilities and services currently available (and with adequate capacity) for this site:

    Storm Sewer Water Sanitary Sewer Electric

    he demolition of any buildings required or planned? No

    If yes, please describe:

    e existing buildings on the site currently occupied? No

    If yes:(a) Briefly describe the situation:

    (b) Will tenant displacement be temporary?(c) Will tenant displacement be permanent?

    he site directly accessed by an existing, paved, publicly maintained road? Yes

    If no, please explain:

    any portion of the site located inside the 100 year floodplain? No

    If yes:(a) Describe placement of project buildings in relation to this area:

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (4 of 22)4/8/2009 2:50:39 PM

    15.40 15.40

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    (b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (5 of 22)4/8/2009 2:50:39 PM

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    te Control

    es the owner have fee simple ownership of the property (site/buildings)?No

    If yes provide:

    Purchase Date: Purchase Price:

    If no:

    (a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes

    (b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contractpurchase of the property and the seller of the property?NoIf yes, specify the relationship:

    (c) Enter the current expiration date of the option/contract to purchase:

    (D) Enter Purchase Price:

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (6 of 22)4/8/2009 2:50:39 PM

    8/30/2009

    1,500,000

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    oning

    esent zoning classification of the site:Conditional District - General Business

    multifamily use permitted?Yes

    e variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?Yes

    If yes, have the hearings been completed and permits been obtained?No

    If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule forobtaining them:

    The project has full site plan approval for the development of 39 units. Currituck County is in the process ofreviewing an Ordinance that will allow density bonuses for affordable housing projects. It the Ordinance isnot passed prior to the final application submission deadline, we will reduce the unit count back to the 39already approved by Currituck County. The schedule for County review and approval of the Ordinance isApril 21, 2009.

    e there any existing conditions of historical significance located on the project site that will require State Historic Preservation officeiew?No

    If yes, describe below:

    e there any existing conditions of environmental significance located on the project site?No

    If yes, describe below:

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (7 of 22)4/8/2009 2:50:39 PM

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    wnership Entity

    wner Name: Jarvis Landing LLC

    dress: 1300 Baxter Street, Suite 215

    y: Charlotte State:NC Zip:

    deral Tax ID Number of Ownership Entity: (If assigned)

    ote: Do not submit social security numbers for individuals.

    ntity Type: Limited Liability Company

    ntity Status: To Be Formed

    the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes

    the applicant requesting that the Agency treat the application as CHDO sponsored? No

    st all general partners, members,and principals. Specify nonprofit corporate general partners or members.ick [Add] to add additional partners, members, and principals.

    Org: Jarvis Landing Housing of Currituck Inc.

    rst Name: Kathy Last Name: Stilwell Function: Managing Member

    ddress: 1300 Baxter Street, Suite 215

    ty: Charlotte State: NC Zip: 28204

    hone: Fax:

    Mail: Nonprofit: No

    Org: The Affordable Housing Group of North Carolina, Inc.

    rst Name: Paul Last Name: Woollard Function: Member

    ddress: 1300 Baxter Street, Suite 215ty: Charlotte State: NC Zip: 28204

    hone: Fax:

    Mail: Nonprofit: Yes

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (8 of 22)4/8/2009 2:50:39 PM

    28204

    (704)968-7202 (704)376-8709

    [email protected]

    (704)607-9791 (704)376-8709

    [email protected]

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    nit Mix

    e Median Income for Currituck county is $67,900.

    w Income Units

    Type # BRs Net Sq.Ft.Total

    # Units#Units

    MonthlyRent

    UtilityAllowance

    MandatoryServ. Fees

    **TotalHousing Exp.

    Duplex 2

    Duplex 3

    Duplex 2

    Duplex 3

    Utilities included in rents: Water/Sewer Electric Gas Other trash

    mployee Units (will add to Low Income Unit total)

    ype # BRs Net Sq.Ft.Total

    # Units#Units

    MonthlyRent

    UtilityAllowance

    MandatoryServ. Fees

    **TotalHousing Exp.

    tilities included in rents: Water/Sewer Electric Gas Other

    rket Rate Units

    ype # BRs Net Sq.Ft.Total

    # Units#Units

    MonthlyRent

    UtilityAllowance

    MandatoryServ. Fees

    **TotalHousing Exp.

    tilities included in rents: Water/Sewer Electric Gas Other

    atistics

    AllUnits

    Units

    Gross MonthlyRental Income

    Low Income.......

    Market Rate.......

    Totals...............

    oposed number of residential buildings: Maximum number of stories in buildings:

    oject Includes:Separate community building - Sq. Ft. (Floor Area):

    Community space within residential bulding(s) - Sq. Ft. (Floor Area):

    ttps://www.nchfa.org/Rental/RTCApp/(S(gl53dp45p...B0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (9 of 22)4/8/2009 2:50:39 PM

    998 16 2 550 85 0

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