Lanier Pointe App

8/6/2019 Lanier Pointe App

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

roject Description

oject Name: Lanier Pointe

dress: County Home Road

ty: Shelby County: Cleveland Zip:

ensus Tract: 9507 Block Group: 5

project in Qualified Census Tract or Difficult to Develop Area? Yes

olitical Jurisdiction: City of Shelby

risdiction CEO Name:First:W. Ted Last:Alexander

Title: Mayor

risdiction Address: 409 Beaumonde Avenue

risdiction City: Shelby Zip:

risdiction Phone:

e Latitude:

e Longitude:

oject Type: New Construction

this project a previously awarded tax credit development? No

If yes, what is the project number: Is this a request for supplementalcredits?

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

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

ttps://www.nchfa.org/Rental/RTCApp/(S(hipugi45n...FECCF9E8F2&SNID=1CA4FC3B1DF048118213365DB97B6584 (1 of 29)9/15/2008 3:33:03 PM

28152

28150

(704)481-1272

35.26960

-81.52097


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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:

icate below any additional targeting for special populations proposed for this project:

Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal andstate codes.)

Number of Units:

Persons with disabilities or homeless populations: 10% of the total units.

Number of Units:

Remarks:


3

5


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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. UndeP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant

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

pplicant Name: Pendergraph Development, LLC

dress: PO Box 19691

ty: Raleigh State: NC Zip:

ontact: First: Frankie Last:Pendergraph Title:

lephone:

Phone:

x:

mail Address:

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


27619

(919)755-0558

(919)861-6068

[email protected]


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te Description

al 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:


5 5


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



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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/contract fopurchase 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:


9/30/2008

625,000


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oning

esent zoning classification of the site:GB

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 for obta

them:Special Use Permit; Meeting to be held May 19, 2008. The Agency granted an extension of the deadline toobtain the special use permit by June 23, 2008.

e there any existing conditions of historical significance located on the project site that will require State Historic Preservation office re

If yes, describe below:

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

If yes, describe below:



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wnership Entity

wner Name: Lanier Pointe, LLC

dress: PO Box 19691

y: Raleigh State:NC Zip:

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

ote: Do not submit social security numbers for individuals.

tity Type: Limited Liability Company

tity Status: To Be Formed

the applicant requesting that the Agency treat the application as Non-Profit sponsored? No

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.ck [Add] to add additional partners, members, and principals.

Org: FWP Lanier Pointe, LLC

st Name: Frankie Last Name: Pendergraph Function: Managing Memberdress: PO Box 19691

ty: Raleigh State: NC Zip: 27619

one: Fax:

Mail: Nonprofit: No


27619

(919)755-0558 (919)861-6068

[email protected]


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nit Mix

e Median Income for Cleveland county is $49,000.

w Income Units

Type # BRs Net Sq.Ft.Total

# Units#Units

MonthlyRent

UtilityAllowance

MandatoryServ. Fees

**TotalHousing Exp.

Gdn Apt 2

Gdn Apt 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.

ti li ties 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):

Elevators - Number of Elevators:

uare Footage Information


1097 24 3 380 111 0 491

1276 24 2 465 129 0 594

48 5 20280

48 5 20280

3 2

2,027


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oss Floor Square Footage:

tal Net Sq. Ft. (All Heated Areas):

tes

Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low inc

units are within established thresholds.

ttps://www.nchfa.org/Rental/RTCApp/(S(hipugi45...ECCF9E8F2&SNID=1CA4FC3B1DF048118213365DB97B6584 (10 of 29)9/15/2008 3:33:03 PM

66,336

61,584
http://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htmhttp://www.nchfa.com/lib/html/rental/Median%20Income%20Charts/income_limits.htm


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argeting

ecify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to cother row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.

BRs Units %

targeted at percent of median income affordable to/occupied by




tal Low Income Units:

te: This number should match the total number of low income units in the Unit Mix section.


12 50

12 50

12 60

12 60

48


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unding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP Loan

Local Gov. Loan - Specify:

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan)

State Tax Credit(Direct Refund)

Equity: Federal LIHTC

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources**

"Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt serbelow.

Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

timated pricing on sale of Federal Tax Credits: $0.

emarks concerning project funding sources:ease be sure to include the name of the funding source(s))


700,000 6.20 30 30 51,447

966,203 0 30 30 0

4,073,704

387

5,740,294

78


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evelopment Costs

Item Cost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Building(s) (Rehab / Adaptive Reuse only)

2 Demolition (Rehab / Adaptive Reuse only)

3 On-site Improvements

4 Rehabilitation

5 Construction of New Building(s)

6 Accessory Building(s)

7 General Requirements (max 6% lines 2-6)

8 Contractor Overhead (max 2% lines 2-7)

9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest)

10 Construction Contingency (max 3% lines 2-9, Rehabs 6%)

11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10)

12 Architect's Fee - Inspection

13 Engineering Costs

SUBTOTAL (lines 1 through 13)

14 Construction Insurance (prorate)

15 Construction Loan Orig. Fee (prorate)

16 Construction Loan Interest (prorate)

17 Construction Loan Credit Enhancement (prorate)

18 Construction Period Taxes (prorate)

19 Water, Sewer and Impact Fees

20 Survey

21 Property Appraisal

22 Environmental Report

23 Market Study

24 Bond Costs

25 Bond Issuance Costs

26 Placement Fee

27 Permanent Loan Origination Fee

28 Permanent Loan Credit Enhancement

29 Title and Recording


645,000 520,000

2,592,000 2,592,000

100,000 100,000

200,220 200,220

70,744 70,744

212,233 212,233

114,606 114,606

50,000 50,000

15,000 15,000

30,000 30,000

4,029,803

2,000 2,000

24,000 24,000

182,792 182,792

5,000 5,000

15,000 15,000

18,000 18,000

6,500 6,500

6,500 6,500

4,300 4,300

14,000

9,000


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30 Real Estate Attorney

31 Other Attorney's Fees

32 Tax Credit Application Fees (Preliminary and Full)

33 Tax Credit Allocation Fee (0.60% of line 59, minimum $7,500)

34 Cost Certification / Accounting Fees

35 Tax Opinion

36 Organizational (Partnership)

37 Tax Credit Monitoring Fee


38 Furnishings and Equipment

39 Relocation Expense

40 Developer's Fee

41

42

43 Rent-up Expense

44

45


46 Rent up Reserve

47 Operating Reserve

48

49

50 DEVELOPMENT COST (lines 1-49)

51 Less Federal Financing

52 Less Disproportionate Standard

53 Less Nonqualified Nonrecourse Financing

54 Less Historic Tax Credit

55 TOTAL ELIGIBLE BASIS

56 Applicable Fraction (percentage of LI Units)

57 Basis Before Boost

58 Boost for QCT/DDA (if applicable, enter 130%)

59 TOTAL QUALIFIED BASIS


287,092

35,000 25,000

11,500 4,000

2,200

36,870

10,000 10,000

3,000

33,600

132,170

15,000 15,000

504,000 504,000

Lender Inspection Fees

Energy Star Certificatio

12,000

Other Non-basis Expen

Other Non-basis Expen

531,000

24,000

111,229

Lease Up Reserve

Lease Up Fee

5,115,294 0 4,726,895

0

4,726,895 0 4,726,895

100.00% 100% 100%

4,726,895 0 4,726,895

130.00% 130.00%

6,144,964 0 6,144,964


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60 Tax Credit Rate

61 Federal Tax Credits at Estimated Rate

62 Federal Tax Credits at 9.00% or 3.75% (maximum $1,000,000)

63 Federal Tax Credits Requested

64 Land Cost

65 TOTAL REPLACEMENT COST

FEDERAL TAX CREDITS IF AWARDED

Comments:

Total Replacement Cost per unit:81,975


3.40 8.50

522,322 0 522,322

553,047 0 553,047

496,179 496,179

625,000

5,740,294

553,047


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arket Study Information

ase provide a detailed description of the proposed project:

nier Pointe will be a 3-building, 48-unit family development consisting of 24 2-bedroom units and 24 3-droom units and a separate large community/office building. Each building will contain 16 units. Theildings will be 2 stories and will feature a craftsman style design including gabled areas with shake sidingd craftsman arches, broken roof lines with dutch hip accents, dormers, board and batten siding, brick and

one veneer. The development will also have a community building of similar style that will house the on-e management office, a multipurpose community room, computer center, laundry room, exercise room

d covered patio.

e rents will be affordable to 50% and 60% income levels. We feel that this site and market are excellentthe proposed development. All necessary amenities for the residents are within one mile of the site.

elby is a growing community located just outside Charlotte, North Carolina. It offers outdoor recreation,e arts, dining and shopping, business and industry, education, healthcare and a solid network of parks,mmunity centers and libraries. Shelby is a nice community to live in.

ont entries are covered breezeways. Patio doors are full view glass providing an abundance of naturalht into the main living, dining, and kitchen areas. All units will have patios or balconies with storageosets. The roof will have a Dutch hip, shake siding in gable areas, high quality vinyl siding, and vinyl cladndows with grids.

new playground/tot lot will be installed that will be handicap accessible. It will have benches anduipment for both older children and tots. A new picnic shelter will be constructed with seating, tables andlling station. A gazebo will also be installed for the residents use. There will be three areas of seating

cated through out the property for the residents benefit. The community room will have an exercise room,ultipurpose area, and computer station.

nstruction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:All residential buildings will contain fire protection/sprinkler systems.

ve you built other tax credit developments that use the same building design as this project?No

If yes, please provide name and address:

e Amenities:

new playground/tot lot will be installed that will be handicap accessible. It will have benches anduipment for both older children and tots. A new picnic shelter will be constructed with seating, tables andlling station. An gazebo will also be installed for the residents use. There will be three areas of seating



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cated through out the property for the residents benefit. The community room will have an exercise room,ultipurpose area, and computer station.

site Activities:

e anticipate having computer classes, health education, first aid courses, and various childrens activitiesared towards different age groups, holiday events, and much more.

ndscaping Plans:

s our plan to install new plant material as described in the QAP and an irrigation system in the mainsible areas. We will also make sure all site amenities and handicap parking and walks conform tondicap/accessibility requirements. There will also be new hardscape items installed such as a picnicelter, playground, benches and a gazebo/trellis. The site will have attractive signage, lighting, and

ndscaping. Trees will be a minimum of 2 caliper and all shrubs will be 3 gallon or larger. White vinylncing will be installed around the dumpsters.

erior Apartment Amenities:

e units will be spacious with exterior storage and large closets within the units. All living areas anddrooms will have ceiling fans. All appliances will carry the energy star rating. All units will have

shwashers and full size washer dryer connections.

you plan to submit additional market data (market study, etc.) that you want considered? No

If yes, please make sure to include the additional information in your pre-application packet.



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pplicant's Site Evaluation

efly describe your site in each of the following categories:

EIGHBORHOOD CHARACTERISTICS

end and direction of real estate development and area economic health. Physical condition of buildings andprovements in the immediate vicinity. Concentration of affordable housing.

he trend of real estate development in the area is positive. The area is growing as evidenced by the new

otel under construction next to the site. The physical condition of the residential houses, churches andusinesses in the vicinity is execellent. The site has wonderful visibility. There is not a high concentration offordable housing in the area.

URROUNDING LAND USES AND AMENITIES

nd use pattern is residential in character (single and multifamily housing). Extent that the location isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:astewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distributioncilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,

urces of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount andaracter of vacant, undeveloped land. The area around the site is a mixed use nighborhood with a goodlance of residential and commercial uses. The location is not isoltaed in the least and there are nogative features (including those mentioned above) in the area. There are no large amounts of vacant land.e only vacant land is the site.

TE SUITABILITY

equate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilitiesarticularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project signin relation to traffic corridors. The site borders three public roads and will have excellent ingress, egress

d visibility. There is an existing stoplight at the intersection of two of the road at the corner of the site.

egree of on-site negative features and physical barriers that will impede project construction or adverselyect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large

ulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-itability for residential use and difficulties posed by the building(s), such as limited parking, environmentaloblems or the need for excessive demolition).

here are no on-site negative features or physical barriers that will impede project construction or adverselyfect future tenants.

milarity of scale and aesthetics/architecture between project and surroundings.

he two-story design of the project will blend well with the mixed use neighborgood which consists of 1 and

story residential homes and multiple story businesses as well as the 4 story hotel under construction.

r each applicable neighborhood feature, enter distance from project in miles.



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Grocery StoreCommunity/Senior

Center

Mall/Strip Center Hospital

Outdoor Athletic Fields Pharmacy

Day Care/After School Basic Health Care

Schools

Public Transportation

op

Convenience Store

Public Parks

Gas Station

Library

her facilities or services:ghway 74 is approximately one city block from the site traveling on Sue Lane. Highway 74 is a mainrridor through Shelby and has every conceivable amenity that residents would like and need.


2

2.7

1

1


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evelopment Team

ovide contact information for development team members below:

nagement Agent

ompany: Pendergraph Management, LLC

dress: PO Box 19691


one Email:

ontact Name: First: Frankie Last: Pendergraph

chitect

ompany: Ross Deckard Architects, PA

dress: PO Box 98044


one Email:

ontact Name: First: James (JR) Last: Ross

orney

ompany: The Brockmann Law Firm

dress: 8037 Corporate Center Drive Suite 100

ty: Charlotte State: NC Zip:

one Email:

ontact Name: First: Todd Last: Brockmann

estor

ompany: Apollo Equity Partners

dress: 2101 Rexford Road, Suite 375W

ty: Charlotte State: NC Zip:

one Email:

ontact Name: First: Brian Last: Flanagan

nsultant/Application Preparer (if different from developer)

ompany:

dress:

ty: State: Zip:

one Email:

ontact Name: First: Last:


27619

(919)755-0558 [email protected]

27624


28226

(704)541-5779 tbrockmann@brockmannlawfirm.

28211



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neral Contractor Identity of Interest?

ompany: Caliber Builders, LLC

dress: PO Box 19691


one Email:

ontact Name: First: Frankie Last: Pendergraph


27619



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rojected Operating Costs

Project Operations (Year One)

Administrative Expenses

Advertising

Office Salaries

Office Supplies

Office or Model Apartment Rent

Management Fee

Manager or Superintendent Salaries

Manager or Superintendent Rent Free Unit

Legal Expenses (Project)

Auditing Expenses (Project)

Bookkeeping Fees/Accounting Services

Telephone and Answering Service

Bad Debts

Other Administrative Expenses (specify):

SUBTOTAL

Utilities Expense

Fuel Oil

Electricity (Light and Misc. Power)

Water

Gas

Sewer

SUBTOTAL

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies

Janitor and Cleaning Contract

Exterminating Payroll/Contract

Exterminating Supplies

Garbage and Trash Removal

Security Payroll/Contract

Grounds Payroll


2,500

19,000

1,500

20,736

500

3,500

1,500

training, computer, soft2,375

51,611

10,000

8,000

8,000

26,000

1,200

1,600

2,000


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Grounds Supplies

Grounds Contract

Repairs Payroll

Repairs Material

Repairs Contract

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract

Decorating Supplies

Other (specify):

Miscellaneous Operating & Maintenance Expenses

SUBTOTAL

Taxes and Insurance

Real Estate Taxes

Payroll Taxes (FICA)

Miscellaneous Taxes, Licenses and Permits

Property and Liability Insurance (Hazard)

Fidelity Bond Insurance

Workmen's Compensation

Health Insurance and Other Employee Benefits

Other Insurance:

SUBTOTAL

Supportive Service Expenses

Service Coordinator

Service Supplies

Tenant Association Funds

Other Expenses (specify):

SUBTOTAL

Reserves

Replacement Reserves

SUBTOTAL


9,000

17,000

1,000

1,000

1,500

2,000

36,300

22,000

2,800

500

12,000

250

1,350

4,000

42,900

0

12,000

12,000


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TOTAL OPERATING EXPENSES

ADJUSTED TOTAL OPERATING EXPENSES(Does not include taxes, reserves and resident support services) *

TOTAL UNITS

(from total units in the Unit Mix section)

PER UNIT PER YEAR


168,811

134,811

48

2,809


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2. "Total Operating Expenses" comes from 1st-year cash flow, then it is escalated by 4% per year.3. "Debt Service" is the sum of "regular/amortized loan debt service + non-amortizing annual service" as entered by user from

Funding Sources section.4. "Net Cash Flow" is "Net Rental/Other Income" minus "Total Operating Expenses" minus "Debt Service".5. "Debt Coverage Ratio" is ("Net Rental/Other Income" minus "Total Operating Expenses") divided by "Debt Service".



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inimum Set-Asides

NIMUM REQUIRED SET ASIDES (No Points Awarded):

Select one of the following two options:

20% of the units are rent restricted and occupied by households with incomes at or below 50% of the median income (Note: NCredit Eligible Units in the the project can exceed 50% of median income)

40% of the units are rent restricted and occupied by households with incomes at or below 60% of the median income (Note: NCredit Eligible Units in the the project can exceed 60% of median income)

If requesting RPP funds:40% of the units are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:Moderate Income County:

At least twenty-five percent (25%) of qualified units will be affordable to and occupied by households with incomes at or below percent (40%) of county median income.

At least fifty percent (50%) of qualified units will be affordable to households with incomes at or below fifty percent (50%) of comedian income.

At least fifty percent (50%) of qualified units will be affordable to and occupied by households with incomes at or below fifty per(50%) of county median income.

Tax Exempt BondsThreshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty per(50%) of county median income.At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.

Eligible for targeting points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fiftypercent (50%) of county median income.At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty per(40%) of county median income.



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ull Application Checklist

PLEASE indicate which of the following exhibits are attached to your application. Others may be required as noted.

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners (signed copies)

C Ownership Entity Agreement, Development Agreement or any other agreements governing development services

D Management Agent Agreement

E Owner and Management Experience & Management Questionnaire (Appendix C)

F Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Mapshowing all flood zones (original on letterhead, no fax or photocopies)

G Local Government Letter Confirming Zoning including any pending notices or hearings (original on letterhead, no fax orphotocopies)

H Letters from Local Utility Providers regarding availability and capacity (original on letterhead, no fax or photocopies)

I Documentation from utility company or local PHA to support estimated utility costs

J Appraisal (required for land costs greater than $15,000 and for all Adaptive Re-use and Rehab projects)

K Site plan, floor plans and elevations for all projects. Scope of work for Adaptive Re-use and Rehab projects. (Full Size, 24inches)

L Hazard and structural inspection and termite reports (Adaptive Re-use and Rehab projects only)

M Copy of certificate of occupancy or proof of placed-in-service date (Rehabs Only)

N Proposed Relocation Plan including relocation budget and copies of notices. Required for all Rehabs and any projectsinvolving existing occupants of any dwell ings to be rehabbed or demolished.

O Evidence of Permanent Loan Commitment and other sources of funds ( i.e. Equity letter, AHP, RD and local governmentfunds). For Rehabs with existing loans provide 1) copies of loan documents, 2) current loan balances from existing lenderreserve balances, 3) letter from lender that outlines assumption requirements.

P Local Housing Authority Agreement and Project Based Rental Assistance Letter, if applicable (Sample letters provided inAppendix I). For projects with existing PBRA contracts, provide a copy of the current contract and bank statement or otherdocumentation verifying reserve balances and annual reserve contribution requirements.

Q Statement regarding terms of Deferred Developer Fee. If a nonprofit is involved, a resolution from their board approvingdeferral of fee is required.

R Inducement Resolution (Tax-Exempt Bond Financed Projects only)

Lanier Pointe App

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