willow grove

8/6/2019 Willow Grove

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Is project in Qualified Census Tract & Difficult to Develop area?

Does a community revitalization plan exist?

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

Project Name and Location

Project Name: Willow Grove

Address: Mt. Tabor Road

City: Red Springs County: Robeson Zip: 28377

Census Tract: 9603 Block Group:

Yes

No

Political Jurisdiction: Town of Red Springs

Jurisdiction CEO Name: First: Last:George Paris Title: Mayor

Jurisdiction Address: 217 S. Main Street

Jurisdiction City: Red Springs Zip: 28377-1621

Jurisdiction Phone: (910)843-5241

Site Latitude: 34.80888

Site Longitude: -79.16696

Page 1 of 33Print - APP04-0093

1/14/2005https://www.nchfa.org/Rental/RTCApp/(cpyocc3qjwkiqqvfvrhljnvr)/site/PrintApp.aspx?II...


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

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

Will the project be receiving project based federal rental assistance?If yes, provide the subsidy source:If yes, provide the subsidy source: and number of units:and number of units:

Target Population: Family

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

Project Description

Project Type: * New Construction Rehab Adaptive Reuse

No

No

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

Persons with disabilities or homeless populations: the greater of 5 units or 10% of the total units

Remarks:




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Applicant Information

Applicant Name: Carolina Community Developers, LLC

Address: P.O. Box 29407

City: State: NC Zip:Greensboro 27429-9407

Contact: First: Last: Title:Maida Renson Manager

Telephone: (336)908-7718

Alt Phone: (336)292-3449

Fax: (336)852-9595

Email Address: [email protected]




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Total Site Acreage: Total Buildable Acreage:

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?If yes, please describe:

Are existing buildings on the site currently occupied?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?If no, please explain:

Is any portion of the site located inside the 100 year floodplain?If yes:(a) Describe placement of project buildings in relation to this area:

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

Site Description

5.0 5.0

No

No

Yes

No




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Present zoning classification of the site:

Is mutifamily use permitted?

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

If yes, have the hearings been completed and permits been obtained?If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obtainingthem:

Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review? If yes, describe below:

Are there any existing conditions of environmental significance located on the project site?If yes, describe below:

Zoning

Residential (R) & Agriculture-Residential (AR)

Yes

Yes

Yes

A conditional use permit was approved by the Board of Commissioners on April 22, 2004.

No

No




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Notes

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




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

Total Low Income Units:

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

Targeting

# BRs Units %

1 3 targeted at 50 percent of median income.






24




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

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

Funding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP LoanLocal Gov. Loan - Specify:

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan) 844,648 0 30 30 0

State Tax Credit(Direct Refund)

Equity: Federal LIHTC 1,670,124 Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees

Owner Investment 100

Other - Specify:

Total Sources** 2,514,872

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

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

75

Raymond James Tax Credit Funds is the source o f Federal LIHTC equity.




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Development Costs

Item Cost Element TOTAL COST Eligible Basis30% PV 70% PV

1 Purchase of Buildings (Rehab) 02 Demoli tion3 On-site Improvements 293,470 248,8004 Rehabilitation5 Construction of New Building(s) 1,197,785 1,197,7856 Accessory Building(s)7 General Requirements 88,295 88,2958 Contractor Overhead 31,198 31,1989 Contractor Profit 93,593 93,593

10 Construction Contingency 51,130 51,13011 Architect's Fee - Design 25,000 25,00012 Architect's Fee - Inspection 14,000 14,000

SUBTOTAL (lines 1 through 12) 1,794,47113 Construction Insurance (prorate)14 Construction Loan Orig. Fee (prorate) 16,000 10,66715 Construction Loan Interest (prorate) 40,000 40,00016 Construction Loan Credit Enhancement (prorate)17 Construction Period Taxes (prorate) 500 50018 Water, Sewer and Impact Fees 18,125 18,12519 Survey 13,750 13,75020 Property Appraisal 800 80021 Environmental Report 3,000 3,00022 Market Study 4,000 4,000

23 Other Basis Expense (specify)

24 Cost of Issuance25 Placement Fee26 Permanent Loan Origination Fee27 Permanent Loan Credit Enhancement28 Title and Recording 5,000

SUBTOTAL (lines 13 through 28) 101,17529 Real Estate Attorney 6,750 6,75030 Other Attorney's Fees31 Tax Credit App Fees 16,721 16,721

32 Cost Cert. and Other Professional Fees 17,000 17,000

33 Tax Opinion 3,50034 Organizational (Partnership) 12,75535 Tax Credit Monitoring Fee 12,600

SUBTOTAL (lines 29 through 35) 69,32636 Furnishings and Equipment 7,500 7,50037 Relocation Expenses38 Developer's Fee (max 15% lines 2-36, less 8 & 9) 277,150 277,150



41 Rent-up Expenses

42 Other Non-basis Expense (specify)

43 Other Non-basis Expense (specify)

SUBTOTAL (lines 36 through 43) 284,65044 Rent up Reserve 35,000




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Comments:

45 Operating Reserve 80,250

46 Other Reserve (specify)

47 Other Reserve (specify)

48 DEVELOPMENT COST (lines 1-47) 2,364,872 0 2,165,76449 Less Federal Financing50 Less Disproportionate Standard51 Less Nonqualified Nonrecourse Financing

52 Less Historic Tax Credit (residential) 053 TOTAL ELIGIBLE BASIS 2,165,764 0 2,165,76454 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%55 Basis Before Boost 2,165,764 0 2,165,76456 Boost for QCT/DDA (if applicable, enter 130%) 130.00% 130.00%57 TOTAL QUALIFIED BASIS 2,815,493 0 2,815,49358 Tax Credit Rate 0.00% 7.91%59 Federal Tax Credits at Estimated Rate 222,705 0 222,70560 Federal Tax Credits at 8.5% or 3.75% 239,316 0 239,31661 Federal Tax Credits Requested 2,393,170 2,393,17062 Land Cost 150,00063 TOTAL REPLACEMENT COST 2,514,872

Additional operating reserves are required for small development with no project-based rentalassistance in a very small rural town in a county with a low median income.




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Please provide a detailed description of the proposed project:

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:

Have you built other tax credit developments that use the same building design as this project?If yes, please provide name and address:

Site Amenities (check all that apply):

Onsite Activities:

Landscaping Plans:

Market Study Information

The proposed development will consist of 24 units in 12 attractive duplexes and a communitybuilding that is intended to address a significant housing shortage in Red Springs. The duplexes aredesigned to appear as if they are single-family homes, and therefore integrate easily into thesurrounding neighborhoods. The interiors will be bright and cheerful, and include such features aswalk-in closets, patios and front porches.

The site will include a computer area in the community room, a playgound, walking trails, gardenspots and other amenities.

Yes

Stokesburg Meadows in Walnut Cove, NC is currently under construction.

Community Bldg - Sq Ft: 1,302 Community Room - Sq Ft: Garages - Number:

Laundry Rm Screened Porch Resident Computer Center Exam Rm Reading Rm/Library

Game/Craft Rm Exercise Rm TV Rm Beauty Salon Vending Rm

Chapel/Prayer Rm Picnic Area Onsite Leasing Office Onsite Mgr Onsite Maint. Person

Irrigated Lawns Security Gate Car Care Area Storage Units Gazebos

Walking Trails Garden Spots Basketball/Tennis Court Playground Ball Field

Pool Fitness Stations Horseshoe Pit Shuffleboard Covered Drive Thru

The resident manager will be responsible for on-site activities and programs. Residents will haveaccess to a computer center in the community building for education and recreational use. Thecommunity room will also offer a full kitchen and serve as a community gathering area.

The site will be generously and attractively landscaped including some perimeter trees to define andscreen the property, scattered shade and ornamental trees, and foundation plantings.




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Interior Apartment Amenities (check all that apply):

Flooring: Carpet Vinyl Wood Wood Parquet Ceramic Tile Other

Heating/Cooling: Central Air Gas Heat Heat Pump Electric Pump

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

Range Hood Dishwasher Disposal Refrigerator (frost free) Storage interior/exterior

W/D Hookups Mini-blinds Pantry Ceiling fans Walk-in closets

No




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Briefly describe your site in each of the following categories:

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

Applicant's Site Evaluation

NEIGHBORHOOD CHARACTERISTICS

Physical condition of buildings and improvements. Trend and direction of real estate developmentrelative to the project. Area economic health (degree of decline or investment). Concentration of

affordable housing.The surrounding neighborhood consists of an attractive mix of residential, commercial and farmproperties. The neighborhood is well-maintained and includes some recent development reflecting agrowth trend in this area of Red Springs. There is no evidence of economic decline in this area.

Suitability of surrounding development. Land use pattern is primarily residential (single andmultifamily housing) with a balance of other uses (particularly retail and amenities). Amount andcharacter of vacant, undeveloped land. Effect of industrial, large-scale institutional or otherincompatible uses: wastewater treatment facilities, high traffic corridors, junkyards, prisions, landfills,large swamps, distribution facilities, frequently used railroad tracks, power transmission lines andtowers, factories or similar operations, sources of excessive noise, and sites with environmentalconcerns (such as odors or pollution).

The area includes a blend of single-family residences, retail establishments, restaurants, a heathfacility and medical offices and other professional services. There is one affordable elderly complexin the area that will not compete for the family population targeted by this proposed development.

There are no incompatible uses or other negative factors in the local neighborhood.

SITE SUITABILITY

Adequacy of street(s) and/or access road(s) serving the proposed project and traffic controls (lights,stop signs, turning lanes). Access to mass transit (if applicable).The site will be accessed from Mt. Tabor road which has more than adequate capacity and trafficcontrols to serve the current and future needs of the area. It is also one block east of NC highway211.

Degree of on-site negative features and physical barriers that will impede project construction oradversely 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. Foradaptive re-use projects- suitability for residential use and difficulties posed by the building(s), suchas limited parking, environmental problems or the need for excessive demolition.There is some farmland adjacent to the east side of the property and across the street. There are noincompatible uses or other negative factors in the neighborhood.

Similarity of scale and aesthetics/architecture between project and surroundings.The duplexes are designed to appear as if they are single-family homes, and therefore shouldintegrate easily and blend will into the surrounding neighborhood. The attractive designs shouldenhance the aesthetics of the local neighborhood and represent an asset to the Town of RedSprings.




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Other facilities or services:

Grocery Store0.1 Community/Senior Center0.9

Mall/Strip Center0.1 Hospital15.3

Outdoor Athletic Fields1.8 Pharmacy0.1

Day Care/After School0.2 Basic Health Care0.8

Schools1.8 Medical Offices0.8

Public Transportation Stop Bank/Credit Union0.5

Convenience Store0.1 Restaurants0.1

Basketball/Tennis Courts1.8 Professional Services

Public Parks0.8 Movie Theater8.2

Gas Station0.1 Video Rental0.8

Library1.6 Public Safety (Fire/Police)0.2

Fitness/Nature Trails1.0 Post Office1.2

Public Swimming Pools0.4




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Development List number low-income/tax credit housing projects and units developed, operated, and maintained in compliance by the principal(s) betweenDecember 1, 1996 and January 1, 2003:

Management List number of low-income housing tax credit units managed in the past 10 years:

Has any owner, principal, or management agent been debarred or received a limited denial participation in the past 10 years by any federal orstate agency?

Has any owner, principal, or management agent been involved in a bankruptcy, an adverse fair housing settlement, an adverse civil rightssettlement, or an adverse federal or state government proceeding and settlement in the past 10 years?

Has any owner or principal been in a mortgage default or delinquency of three months or more within the last 5 years on a FHA-insuredproject, a Rural Development funded rental project, a tax-exempt funded mortgage, a tax credit project, or any other publicly subsidizedproject?

Has any owner or principal been involved within the last 10 years in a project which previously received an allocation of tax credits but failed tomeet compliance standards of the tax credit allocation, including return of a reservation of tax credits to the Agency after the carryoveragreement has been signed?

Has any owner or principal had a Form 8823 filed with the IRS for noncompliance on a project using low-income housing tax credits orreceived a letter of non-compliance from the Agency?

Project Team Experience

North Carolina Other States

Projects: 6 1

Units: 146 22

North Carolina Other States

Projects: 66 27

Units: 2,205 1,123

No

No

No

No

No




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Financing Commitments

Does the project have a firm commitment for construction financing? No

Does the project have a letter of intent for private permenant financing? No

Does the project have a firm commitment for government financing? No

Does the project have a letter of intent from an investor? Yes

Is any portion of the eligible basis of new contruction or rehabilitation financed with federal subsidies other than CDBG funds or fundsfrom the HOME program? No

If yes, indicate the type and amount below:

Tax Exempt Financing: $

RD 515 Financing: $

Hope VI Financing: $

Other: $

If Other, specify the type of Federal subsidy:




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Project Operations (Year One)

Projected Operating Costs

Administrative ExpensesAdvertising 750Office SalariesOffice Supplies 472

Office or Model Apartment RentManagement Fee 17,112Manager or Superintendent SalariesManager or Superintendent Rent Free UnitLegal Expenses (Project)Auditing Expenses (Project) 3,000Bookkeeping Fees/Accounting ServicesTelephone and Answering Service 900Bad DebtsOther Administrative Expenses (specify):Training (600), Credit Bureau (450), Postage (300), Magistrate Fees (200), Multi-site (400), Other Fees and Exp (676) 2,626

SUBTOTAL 24,860

Utilities ExpenseFuel OilElectricity (Light and Misc. Power) 2,850Water 600GasSewerSUBTOTAL 3,450Operating and Maintenance ExpensesJanitor and Cleaning PayrollJanitor and Cleaning SuppliesJanitor and Cleaning ContractExterminating Payroll/ContractExterminating SuppliesGarbage and Trash Removal 2,500Security Payroll/ContractGrounds PayrollGrounds SuppliesGrounds Contract 3,320Repairs Payroll 8,150Repairs Material 1,440Repairs Contract 2,600Elevator Maintenance/ContractHeating/Cooling Repairs and MaintenanceSwimming Pool Maintenance/ContractSnow RemovalDecorating Payroll/Contract 4,000Decorating SuppliesOther (specify):

Miscellaneous Operating & Maintenance ExpensesSUBTOTAL 22,010Taxes and InsuranceReal Estate Taxes 12,000Payroll Taxes (FICA)Miscellaneous Taxes, Licenses and Permits




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Design Features

ITEM DESCRIPTION

Foundation/Slab Components Concrete Strip Footing with Concrete Turn Down

Primary Windows Make: Model:Allen Co. Thermal Break Frame Type/Construction: Aluminum Single Hung

Exterior Doors Type: Frames:Insulated Metal Wood

Siding Type: Grade/Thickness:Vinyl .045

Warranty: 20 Year

Exterior Trim Wood with Aluminum Wrap

Shingles Type: Weight:Fiberglass 225#

Warranty: 25 Year

Sprinkler System None

Cabinets Mesa by Marsh

Heat Pump SEER: Make:11.0 Trane or Equal

Model:

Air Conditioner SEER: Make:N/A N/A

Model: N/A

Other Heat Systems SEER: Make:N/A N/A Model: N/A




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This is a detailed breakdown of rehabilitation or construction costs you summarized in the Development Costs table (Rehabilitation andConstruction of New Building(s)). The total should match those roll-up values.

Costs - Construction

ITEM LABOR MATERIAL TOTAL

Concrete Footings 12,650 13,703 26,353

Backfill-slab, Crawl 5,989 5,989

Slab-concrete/Rebar/Gravel 42,162 63,243 105,405

Waterproofing 0

Masonry Foundation 23,812 9,726 33,538

Brick Veneer 40,497 18,194 58,691

Steel/Structure/Rails 1,437 5,749 7,186

Framing/Lumber/Nails 75,460 140,141 215,601

Trusses 15,092 28,028 43,120

Crane Rental 5,390 5,390

Windows/Grilles/Screen 3,162 23,189 26,351Exterior Doors 2,336 13,236 15,572

Roofing 18,398 19,931 38,329

Fencing 0

Vinyl Siding/Trim/Box 19,704 36,592 56,296

Gutters/Shutters 2,875 3,114 5,989

Insulation 12,074 13,080 25,154

Drywall 43,120 28,747 71,867

Interior Doors 5,192 29,424 34,616

Int. & Final/Stair/Trim/Shelves 2,875 11,499 14,374

Cabinets & Tops 9,774 30,951 40,725Painting 14,201 15,384 29,585

Marble - Tub/Shwr/Tops 0

Plumbing 28,747 67,076 95,823

Electrical 29,705 44,558 74,263

Heating/Air Conditioning 11,978 47,911 59,889

Floor Covering and Underlayment 10,061 23,477 33,538

Wall Paper 0

Mailboxes/Special Features/Signage 419 3,773 4,192

Gypcrete 0

Blinds/Shades/Art Work 311 2,803 3,114

Light Fixtures/Fans 0

Sprinkler System 0

Security Alarm 0

Hardwood Floors 0

Elevator 0

Ceramic Tiles 0

Acoustical Ceilings 0




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Remarks:

Mirror/Shower Door/Encls. 0

Hardware/Bath Access. 1,916 7,666 9,582

Appliances 1,138 21,620 22,758

Playground Equipment 5,749 6,228 11,977

Interior Clean 3,563 629 4,192

Exterior Clean/Dumpster Rental 9,163 1,617 10,780

Other 1 (specify in Remarks) 3,622 3,924 7,546

Other 2 (specify in Remarks) 0

Total Cost 462,572 735,213 1,197,785

Gazebo Total Cost: $7,546




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This is a detailed breakdown of the General Requirements cost element you summarized in the Development Costs table (GeneralRequirements). The total should match that roll-up value.

Remarks:

Costs - General

ITEM TOTAL

Supervision 32,422

Job Site Office/Trailer Rental 5,474

Office Supplies 1,148

Security/Watchman

Project Signage 689

Tools and Equipment 1,386

Gas, Oil, and Maintenance 6,622

Temporary Water, Electric, and Telephone 5,739

Storage/Hauling 5,501

Driveway Access Permit

Porta-John Rental/Dumping 7,770Builders Risk Insurance 7,770

Re-inspection Fees

Extra Plans and Specifications 1,413

Miscellaneous, Casual Labor

Equipment Rental 7,064

Other 1 (specify in Remarks) 5,297

Other 2 (specify in Remarks)

Total Cost 88,295

Building Permit - $5,298




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This is a detailed breakdown of the Bond Costs cost element you summarized in the Development Costs table (Bond Costs). The totalshould match that roll-up value.

Remarks:

Costs - Bond Costs

ITEM TOTAL

Letter of Credit Fee

Credit Enhancement

Underwriter Discount

Capital Interest Fund



Total Cost 0

N/A




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This is a detailed breakdown of the Bond Issuance cost element you summarized in the Development Costs table (Cost of Issuance). Thetotal should match that roll-up value.

Remarks:

Costs - Bond Issuance

ITEM TOTAL

Bond Counsel

Issuer Counsel

Credit Enhancement/LOC Counsel

Underwriter Counsel

Developer's Counsel

Rating Agency Fee

Printing

Trustee Fee

Trustee Counsel

Issuer's Fee

Other 1 (specify in Remarks)Other 2 (specify in Remarks)


Total Cost 0

N/A




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MINIMUM REQUIRED SET ASIDES (No Points Awarded):

Minimum Set-Asides

Select one of the following two options:

20% of the qualified units are rent restricted and occupied by households with incomes at or below 50% of the median income (Note:No Tax Credit Eligble Units in the the project can exceed 50% of median income)

40% of the qualified units are rent restricted and occupied by households with incomes at or below 60% of the median income (Note:No Tax Credit Eligble Units in the the project can exceed 60% of median income)

If requesting RPP funds:

40% of the qualified unit are occupied by households with incomes at or below 50% of median income.

State Tax Credit and QAP Targeting Points:

Low Income County:

At least forty percent (40%) of qualified units will be affordable to households with incomes at or below fifty percent (50%) of countymedian income.

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

Tax Exempt Bonds

Threshold 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 percent(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 percent(40%) of county median income.

Eligible for mortgage subsidy points (select one):

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




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

Full Application Checklist

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners

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

D Management Agent Agreement

E Development and manager multi-family experience & Management Questionnaire (Appendix C)

F Letters from State Housing Agencies or designated monitoring agent verifying Out of State Management Experience

G Completed IRS Form 8821 (Appendix I)

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

I Local Government Letter or Letter from Certified Engineer or Land Surveyor Confirming Floodplain Designation with Mapshowing 100 year and 500 year floodplain (original on letterhead, no fax or photocopies)

J Local Government Letter Confirming Zoning (original on letterhead, no fax or photocopies)

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

L Site plan, floor plans and elevations

M Hazard and structural inspection and termite reports (Renovation projects only)

N Anticipated budget demonstrating how the project would meet the 10% test by November 14th.

O Evidence of Architect's Errors and Omissions insurance (or equivalent).

P Description of acquisition for existing/occupied projects or for projects with occupied buildings to be demolished.

Q Description of proposed Relocation Plan & Relocation Budget, Etc. If any relocation is anticipated, reference Appendix F.

R Targeting Plan and supporting documentation (Required for all projects)

S Local Housing Authority Agreement (Reference Model in Appendix I)

T Appraisal (for land costs greater than $5,000 and for buildings in rehab projects)

U Evidence of Permanent Loan Commitment, other sources of funds, and project-based subsidies.

V Statement regarding terms of Deferred Developer Fee and, if nonprofit, resolution of Board approving fee.

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

X Documentation to support estimated utility costs.


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