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  • 8/7/2019 Abingdon Terrace


    v1.1.2011 Instructions






    An electronic copy of your completed application is a mandatory submission item.ApplicationsFor9%CompetitiveCredits


    applicationdeadline,whichis 2:00PMRichmondVirginiatimeonMarch11,2011.Failuretosubmitanelectroni























    Staff email addresses:jim.chandler@vhda.com - dale.wit tie@vhda.comcara.wallo@vhda.com - jaynell.pittman-shaw@vhda.com - rebecca.rowe@vhda.com

    Please Note:Applicants should submit all application materials in electronic format only.There should be distinct files saved to 1 or more CDs (as needed) which should include the

    following:1. Application For Reservation the active Microsoft Excel workbook2. A PDF file which includes the following:

    - Application For Reservation Signed version of hardcopy- All application attachments (i.e. tab documents, excluding market study and plans & specs)

    3. Market Study PDF or Microsoft Word format4. Plans - PDF or other readable electronic format5. Specifications - PDF or other readable electronic format (may be combined into the same file as

    the plans if necessary)6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic format

    Notes:-Do not submit any files on a flash or thumb drive.-Do not submit any application materials via TaxCreditApps@VHDA.com or to any email addressunless specifically requested by the VHDA Allocation Department staff.

  • 8/7/2019 Abingdon Terrace



    2011 Federal Low Income Housing

    Tax Credit Program

    Application For Reservation

    Vi rginia Housing Development Authority

    601 South Belvidere Street

    Richmond, Virginia 23220-6500

    Deadline for Submission

    9% Competitive CreditsApplications Must Be Received At VHDA No Later Than

    2:00 PM Richmond, VA Time On March 11, 2011

    Tax Exempt BondsApplications should be received at VHDA at least onemonth before the bonds are priced(if bonds issued by

    VHDA), or 75 days before the bonds are issued(if bonds

    are not issued by VHDA)

  • 8/7/2019 Abingdon Terrace


    v1.1.2011 Submission Checklist

    Low Income Housing Tax Credit Application for Reservation

    Electronic Copy of the Microsoft Excel Based Application (MANDATORY)Scanned Copy of theSigned Tax Credit Application wi th Attachments (excluding market study and plans & specs) (MANDATORY)

    Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)

    Electronic Copy of the Plans (MANDATORY)

    Electronic Copy of the Specifi cations(MANDATORY)

    Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)

    $750 Application Fee (MANDATORY)

    Tab A: Documentation of Development Location:

    A.1 Qualif ied Census Tract Certi fi cationA.2 Revitalization Area Certif ication

    Location MapSurveyor's Certification of Proximity To Public Transportation

    Tab B: artners p or perat ng greement, nc u ng c art o owners p structure w t percentage o nterestsTab C: rg n a tate orporat on omm ss on ert cat on

    Tab D: r nc pa 's rev ous art c pat on ert cat on an esumTab E: onpro t uest onna re or po nts or poo

    The following documents need not be submitted unless requested by VHDA:-Nonprofi t Articles of Incorporation -IRS Documentation of Nonprofit Status-Joint Venture Agreement (i f applicable) -For-profit Consulting Agreement (i f appli cable)

    Tab F: rc tect's ert cat on

    Tab H: PHA / Section 8 Notif ication LetterTab I: Local CEO LetterTab J: Homeownership PlanTab K: te ontro ocumentat on & ost ecent ea state ax ssessment

    Tab L: Plan of Development Certi fi cation LetterTab M: Zoning Certif ication LetterTab N: Copies of 8609s To Certi fy Developer ExperienceTab O: (Reserved)Tab P: ans an pec cat ons an or r te- p (MANDATORY)

    Tab Q: Documentation of Rental AssistanceTab R: Documentation of Operating BudgetTab S: Documentation of Project BudgetTab T: Documentation of Financing SourcesTab U:

    Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population

    Documentation of site location in an urban development area as defined in 15.2-2223.1of the Code of VirginiaDocumentation of the development participating in a locally adopted affordable housing dwelling unit program area asdescribed in either 15.2-2304 or 15.2-2305 of the Code of Virginia

    Tab V: Nonprofit or LHA Purchase Option or Right of First RefusalTab W: ttorney's p n on

    Tab X: (Reserved)Tab Y: Marketing Plan for units meeting accessibil ity requirements of HUD section 504

    Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance in organizing thesubmission in the following order, and actually using tabs to mark them as shown, will facilitate review of your application. Please note that allmandatory items must be included for the application to be processed. The inclusion of other items may increase the number of points for which youare eligible under VHDA's point system of ranking applications, and may assist VHDA in its determination of the appropriate amount of credits that itmay reserve for the development.

  • 8/7/2019 Abingdon Terrace


    v1.1.2011 Page 1

    Low-Income Housing Tax Credit Application For Reservation


    I . General InformationAll code "Section" references are to, and the term "IRC" shall be deemed to mean, 3/10/2011

    the Internal Revenue Code of 1986, as amended. (Date of Application)

    A. Development Name and Location:

    1. Name of Development Abingdon Terrace Apartments

    2. Address of Development 526-534 Lowry Drive(Street)

    Abingdon Virginia 24210(City) (State) (Zip Code)

    3. If complete address is not available, provide longitude and latitude coordinates (x,y) f romlocation on site your surveyor deems appropriate.

    Documentation from surveyor attached (TAB A) (Only necessary if street address or street intersections are not available)

    4. The Circuit Court Clerk's off ice in which the deed to the property is or will be recorded:City/County of Washington County (ie; Richmond City, Chesterfield County; see application manual)

    5. Does the site overlap one or more jurisdictional boundaries? Yes NoIf yes, what other City/County is the site located in besides the one mentioned above? Town of Abingdon

    6. Census Tract the development is located in: 51191010500

    Is this a Qual if ied Census Tract: Yes No (I f yes, attach requi red form in TAB A)

    7. Is the development located in a Dif fi cult Development Area? No If no, applicant may request that the property be treated

    as if it is located in a DDA. If so, indicate by checking this box: (Note: This provision i s NOT appli cable to tax exempt bond deals.

    8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)

    9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)Note to #9: I f there is an identity of i nterest between the applicant and the seller in this proposal, and the applicant is seeking points in

    this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or

    rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.

    a. Applicant agrees to waive all rights to any developer's fee orother fees associated with acquisition and/or rehab. Yes n/a

    b. Applicant has obtained a waiver of this