Está en la página 1de 21

Print - APP09-0122

Print Preview - Preliminary


Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans

Project Description
Project Name: Westridge Village
Address: 100 Donner Drive

City: Salisbury County: Rowan Zip: 28147

Census Tract: 0513.03 Block Group: 4015

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


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

Political Jurisdiction: City of Salisbury


First:Susan W. Last:
Jurisdiction CEO Name: Title: Mayor
Klutz
Jurisdiction Address: PO Box 479

Jurisdiction City: Salisbury Zip: 28145

Jurisdiction Phone: (704)638-5270

Site Latitude: 35.6882

Site Longitude: -80.5132

Project Type: New Construction

Is this project a previously awarded tax credit


development?

New Construction/Adaptive Reuse:


Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? Yes

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


Rehab:
Number of residents holding Section 8
vouchers:

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

Does a community revitalization plan exist? No


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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (1 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:

Target Population:Family
Will the project be receiving project based federal rental assistance? No

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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (2 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: Wynnefield Properties, Inc.
Address: PO Box 395

City: Jamestown State: NC Zip: 27282


Contact: First: Patty Last:Reeder Title:Asst. VP

Telephone: (336)454-6134

Alt Phone: (336)906-1856

Fax: (336)454-6190

Email Address: patty.reeder@wynnefieldproperties.com


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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (3 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Site Description

Total Site Acreage: 10 Total Buildable Acreage: 10


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

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

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No


If yes, please describe:

Are 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?

Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:

Is 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:

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (4 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (5 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Site Control
Does 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 for
purchase of the property and the seller of the property?No
If yes, specify the relationship:

(c) Enter the current expiration date of the option/contract to purchase: 8/31/2000

(D) Enter Purchase Price: 700,000

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (6 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Zoning
Present zoning classification of the site:B-7

Is multifamily use permitted?Yes

Are 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
obtaining them:
We will apply for a conditional district zoning to allow for a expedited plan approval process which will take
no longer than 60 days.

Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:

Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (7 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Ownership Entity

Owner Name: Westridge Village LLC


Address: PO Box 395
City: Jamestown State:NC Zip: 27282

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


Note: Do not submit social security numbers for individuals.
Entity Type: Limited Liability Company
Entity Status: To Be Formed
Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? No
Is the applicant requesting that the Agency treat the application as CHDO sponsored? No
List all general partners, members,and principals. Specify nonprofit corporate general partners or members.
Click [Add] to add additional partners, members, and principals.

Org: Westridge Village Manager LLC


First Name: Craig Last Name: Stone Function: Managing Member
Address: PO Box 395
City: Jamestown State: NC Zip: 27282

Phone: (336)454-6190 Fax: (336)454-6134

EMail: craig@wynnefieldproperties.com Nonprofit: No

Org: Westridge Village Manager LLC


First Name: Norwood Last Name: Stone Function: Member
Address: PO Box 395
City: Jamestown State: NC Zip: 27282

Phone: (336)454-6134 Fax: (336)454-6190

EMail: norcon1@aol.com Nonprofit: No

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (8 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Unit Mix
The Median Income for Rowan county is $55,000.

Low Income Units

Total # Monthly Utility Mandatory **Total


Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.

Gdn Apt 2 950 10 3 360 130 0 490

Gdn Apt 2 950 10 0 390 130 0 520

Gdn Apt 2 950 16 0 405 130 0 535

Gdn Apt 3 1125 2 2 450 157 0 607

Gdn Apt 3 1125 2 1 505 157 0 662

Gdn Apt 3 1125 8 0 540 157 0 697

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

Employee Units (will add to Low Income Unit total)

Total # Monthly Utility Mandatory **Total


Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.

Utilities included in rents: Water/Sewer Electric Gas Other

Market Rate Units

Total # Monthly Utility Mandatory **Total


Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.

Utilities included in rents: Water/Sewer Electric Gas Other

Statistics

All Gross Monthly


Units Units Rental Income

Low Income....... 48 6 20210

Market Rate.......

Totals............... 48 6 20210

Proposed number of residential buildings: 6 Maximum number of stories in buildings: 2

Project Includes:
Separate community building - Sq. Ft. (Floor Area): 1,336

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (9 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

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

Elevators - Number of Elevators:

Square Footage Information

Gross Floor Square Footage: 54,429

Total Net Sq. Ft. (All Heated Areas): 49,036

Indicate 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 and
state codes.)

Number of Units: 6

Number of Units Required: 6

Persons with disabilities or homeless populations.

Number of Units: 6

Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (10 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Targeting

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

# BRs Units %

2 10 targeted at 40 percent of median income affordable to/occupied by

2 10 targeted at 50 percent of median income affordable to/occupied by

2 16 targeted at 60 percent of median income affordable to/occupied by

3 2 targeted at 40 percent of median income affordable to/occupied by

3 2 targeted at 50 percent of median income affordable to/occupied by

3 8 targeted at 60 percent of median income affordable to/occupied by

Total Low Income Units: 48

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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (11 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Funding Sources

Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service

Bank Loan 211,351 7.50 30 30 17,734

RPP Loan 630,000 ✔ 2.00 20 20

Local Gov. Loan - Specify:

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:

Other Loan 2 - Specify:

Other Loan 3 - Specify:

Tax Exempt Bonds

State Tax Credit(Loan) 1,021,160 0 30 30 0

State Tax Credit(Direct Refund) 4,181,231

Equity: Federal LIHTC

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment

Other - Specify:

Total Sources** 6,043,742

* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

Estimated pricing on sale of Federal Tax Credits: $0. 70

Remarks concerning project funding sources:


(Please be sure to include the name of the funding source(s))

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (12 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

The RPP will have a balloon payment of approximately 172,318 at the end of 20 years.

Loans with Variable Amortization


Please fill in the annual debt service as applicable for the first 20 years of the project life.

RPP Loan

1 2 3 4 5 6 7 8 9 10
Year:
Amt: 37960 37509 37000 36429 35795 35095 34325 33482 32564 31566
11 12 13 14 15 16 17 18 19 20
Year:
Amt: 30484 29317 28059 26706 25255 23702 22041 20269 18380 16639

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (13 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only)

2 Demolition (Rehab / Adaptive Reuse only)

3 On-site Improvements 750,000 750,000

4 Rehabilitation

5 Construction of New Building(s) 2,504,250 2,504,250

6 Accessory Building(s) 150,000 150,000

7 General Requirements (max 6% lines 2-6) 204,255 204,255

8 Contractor Overhead (max 2% lines 2-7) 72,170 72,170

9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 216,510 216,510

10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 116,916 116,916

11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 108,423 108,423

12 Architect's Fee - Inspection 12,000 12,000

13 Engineering Costs 35,000 35,000

SUBTOTAL (lines 1 through 13) 4,169,524

14 Construction Insurance (prorate) 10,000 10,000

15 Construction Loan Orig. Fee (prorate) 19,924 19,924

16 Construction Loan Interest (prorate) 139,464 133,551

17 Construction Loan Credit Enhancement (prorate)

18 Construction Period Taxes (prorate) 5,000 5,000

19 Water, Sewer and Impact Fees 100,000 100,000

20 Survey 12,500 12,500

21 Property Appraisal 8,000 8,000

22 Environmental Report 5,500 5,500

23 Market Study 4,300 4,300

24 Bond Costs

25 Bond Issuance Costs

26 Placement Fee

27 Permanent Loan Origination Fee 4,227

28 Permanent Loan Credit Enhancement

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (14 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

29 Title and Recording 5,000

SUBTOTAL (lines 14 through 29) 313,915

30 Real Estate Attorney 20,000 20,000

31 Other Attorney's Fees 25,000 25,000

32 Tax Credit Application Fees (Preliminary and Full) 2,300

33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 41,153

34 Cost Certification / Accounting Fees 8,500 8,500

35 Tax Opinion 2,500

36 Organizational (Partnership) 1,000

37 Tax Credit Monitoring Fee 31,200

SUBTOTAL (lines 30 through 37) 131,653

38 Furnishings and Equipment 50,000 50,000

39 Relocation Expense

40 Developer's Fee 504,000 504,000

41 Additional Contigency (greater of $500/unit or $30,000) 30,000 30,000

42 Other Basis Expense (specify)

43 Other Basis Expense (specify)

44 Rent-up Expense 10,000

45 Other Non-basis Expense (specify)

46 Other Non-basis Expense (specify)

SUBTOTAL (lines 38 through 45) 594,000

47 Rent up Reserve 22,800

48 Operating Reserve 111,850

49 Other Reserve (specify)

50 Other Reserve (specify)

51 DEVELOPMENT COST (lines 1-49) 5,343,742 0 5,105,799

52 Less Federally Funded Grant

53 Less Disproportionate Standard

54 Less Nonqualified Nonrecourse Financing

55 Less Historic Tax Credit 0

56 TOTAL ELIGIBLE BASIS 5,105,799 0 5,105,799

57 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (15 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

58 Basis Before Boost 5,105,799 0 5,105,799

59 Basis Boost of up to 130% 100.00% 130.00%

60 TOTAL QUALIFIED BASIS 6,637,539 0 6,637,539

61 Tax Credit Rate 3.50 9.00

62 Federal Tax Credits (maximum $1,300,000) 597,379 0 597,379

63 Federal Tax Credits Requested (if less than line 62) 597,379 597,379

64 Land Cost 700,000

65 TOTAL REPLACEMENT COST 6,043,742

FEDERAL TAX CREDITS IF AWARDED 597,379

Comments:

Project Development Cost per unit 52,172

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (16 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Market Study Information


Please provide a detailed description of the proposed project:
Westridge Village is a proposed 48 unit family community to be located in Salisbury. The property is located
beside the 2006 tax award property “Westridge Place”. The proposed community will target families with
incomes between 40% and 60% of the median income limits. The community will consist of six two-story
building which will include 36 two bedroom units and 12 three bedroom units. Each apartment will include a
kitchen with range, hood, dishwasher, refrigerator (frost free), W/D hookups, mini blinds, pantry, walk-in
closets, central air, heat pump and storage; floor will be carpet and VCT.

Construction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:
Our design incorporates the use of maintenance free materials with an eye towards a dynamic curb appeal.
Our plan expands on an architectural approach that uses broken roof lines and various elevation materials
to give a market rate appearance.

Have you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
Sutton Place
2303 Sutton Place NW-Bldg #700
Wilson, NC

Wyndsor Park
600 Wyndsor Park Circle
New Bern, NC

Westridge Place
100 Donner Drive
Salisbury, NC

Henson Place
710 Henson Street
Albemarle, NC 28001

Site Amenities:
The following site amenities will be available to the residents at Henson Place: garden plots, tot lot, bike
rack, flag pole, walking trails, large patio with seating area, playground, picnic areas with tables and grills,
gazebo and sitting areas.

Onsite Activities:
Additional community activities, such as holiday parties, National Night Out annual cookout and
educational /informative meetings will be scheduled in the community room. All community space activities

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (17 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

will be coordinated through our community building.

Landscaping Plans:
The property will provide trees and other landscape features where possible at select areas. The property
will be well landscaped with plant beds provided at various locations throughout the site. A detailed plan is
being prepared for final tax credit submission.

Interior Apartment Amenities:


Each apartment unit will be furnished with the following amenities: Range, hood, dishwasher, disposal,
refrigerator (frost free) storage interior/exterior, W/D hookups, heating/cooling systems, mini-blinds and
walk-in closets. The floor covering will consist of carpet and VCT.

Three of the handicap units will have ceramic tile roll-in showers.

Do you plan to submit additional market data (market study, etc.) that you want considered? Yes
If yes, please make sure to include the additional information in your pre-application packet.

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (18 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Applicant's Site Evaluation


Briefly describe your site in each of the following categories:

NEIGHBORHOOD CHARACTERISTICS

Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
The proposed Westridge Village site is located adjacaent to the Salisbury Mall and the newly construction
Westridge Place Apartments. The Mall continues to grow in a positive trend as Highway 70 expands and
new commerical out parcels have been built. Access to the surrounding community and the new business
growth are fueling a local submarket which will continue to strengthen and develop a stable base of
potential residents. The surrounding community buildings are well maintained with a mix of residential and
commerical use.

SURROUNDING LAND USES AND AMENITIES

Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution
facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,
sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. The surrounding land use is suitable to the subject property with a
mix of commercial and residential use which further compliments the site. The surrounding land use pattern
is in balance and looks to continue to grow positively. There are no negative large scale developments in
close proximity
SITE SUITABILITY

Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. Our site will have accessed by way of a private drive off of Statesville Blvd.
This is a signalized intersection that will provide controlled access into and out of the site.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large
boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
There are no negative features and physical barriers that will delay project construction or adversely affect
future tenants.

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


The use of two story buildings along with a creative spacious site layout gives a natural fit to the proposed
surrounding area. Our use of materials in construction of the facade will incorporate materials consistent
with the surrounding market. We will use a mix of brick and vinyl.

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

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (19 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

.8 Grocery Store .5 Community/Senior Center

.1 Mall/Strip Center 3. Hospital

3.5 Outdoor Athletic .6 Pharmacy


Fields

.5 Day Care/After .2 Basic Health Care


School

.1 Public Transportation
1. Schools
Stop

.6 Convenience Store 3.5 Public Parks

.6 Gas Station 3 Library

Other facilities or services:

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (20 of 21)4/14/2009 12:53:04 PM


Print - APP09-0122

Preliminary App Checklist

The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.

Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.

Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

https://www.nchfa.org/Rental/RTCApp/(S(2veumr55...4235D77C0&SNID=29042C75B54A40999E23A0E6AF25E8BF (21 of 21)4/14/2009 12:53:04 PM

También podría gustarte