Mill Run - 2009 VA

178
2009 Federal Low Income Housing Tax Credit Program Application For eservation Deadline for Submission 9% Competitive Credits Applications Must Be Received At VHDA No Later Than 5:00 PM Richmond, VA Time On May 15, 2009 Tax Exempt Bonds Applications should be received at VHDA at least one month before the bonds are priced (if bonds issued by VHDA), or 75 days before the bonds are issued (ifbonds are not issued by VHDA) 4î./dabl¿ lÍoßing StaÍ.ç HeÊ' Virginia Housing Development Authority 601 South Belvidere Street Richmond, Virginia 23220-6500 v1 .3.2009-Custom¡zed

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2009 Federal Low Income HousingTax Credit Program

Application For Reservation

Deadline for Submission

9% Competitive CreditsApplications Must Be Received At VHDA No Later Than 5:00

PM Richmond, VA Time On May 15, 2009

Tax Exempt BondsApplications should be received at VHDA at least one month

before the bonds are priced (if bonds issued by VHDA), or 75days before the bonds are issued (ifbonds are not issued by

VHDA)

4î./dabl¿ lÍoßing StaÍ.ç HeÊ'

Virginia Housing Development Authority601 South Belvidere Street

Richmond, Virginia 23220-6500

v1 .3.2009-Custom¡zed

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Low Income Housing Tax Credit Application for Reservation

Please indicate if the following items are included with your application by checking the appropriate boxes. Yourassistance in organizing the submission in the order, and actually using tabs to mark them as shown, willfacilitaûe review of your application.

The inclusion of other ¡tems may you ar?system of ranking applications, and may assist VHDA in its determination of the appropriate amount of credits that it mayreserye for the development. You are therefore encouraged to submit as much requesûed information as is available, but

inclusion is not mandatory for rcview of your application.

@ Electronic Copy of the Microsoft Excel Based Application (M,,\NDATORY)B Hard Copy of All Application Pages With Signature (MANDATORY)

B Scanned Copy of the Tax Credit Application with all Attachments (excluding market study and plans & specs) (MANDATORÐE $ZSO Application Fee (MANDATORV)

Tab A: Documentation of Development Location:

E A.l Qualified Census Tract CertifìcationE A.2 Revitalization Area CertificationE Location Map

E Surveyor's Certification of Proximity To Public Transportation

B Tab B: Partnership or (Jperating Agreement, including chart of ownership structure with percentage of interests (MANDATORT

B Tab C: Virginia State Corporation Commission Certitication (MANDATORY)E tab O: Principal's Previous Participation Certifìcation and Resumé (MANDATORY)

! Tab E: Nonprotit Questionnaire (MANDATORY fbr points or pool)

The following documents need not be submitted unless requested by VHDA:-Nonprofit Articles of Incorporation-lRS Documentation of Nonprofit Status-Joint Venture Agreement (if applicable)-For-profit Consulting Agreement (if applicable)

! Tab F: Architect's Certitication (MANDATORY)

B Tab H: PHA / Section 8 Notification LetterB faU I: Local CEO Letter

! Tab J: Homeownership Plan

EJ tab t<: Site Control Documentation (MANDATORY)E tab L: Plan of Development Certification Letter

I Tab M: ZoningCertification LetterE tab N: Copies of 8609s To Certify Developer Experience

! Tab o: (Reserved)

E] Tab P:Plans and Specifications and Work Write-Up (MANDATORY)

El Tab Q: Documentation of Rental Assistance

! Tab R: Documentation of Operating Budget

I Tab S: Documentation of Project Budget

@ Tab T: Documentation of Financing Sources

! Tab U: (Reserved)

I Tab V: Nonproht or LHA Purchase Option or Right of First Refusal

@ tab W: Original Attomey's Opinion (MANDATORY)! tab x: (Reserved)

E tab y: Marketing Plan for units meeting accessibility requirements of HUD section 504

Âfa| Z Market Study (MANDATORY-Application will be disqualified if market study not submitted with the application)

2009 Submission Checklist

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Low-Income Housing Tax Credit Application For Reservation

I. General InformationAll code "Section" references are to, and the tem "IRC" shall be deemed to mem,

the Intemal Revenue Code of 1986, as amended.

VIIDA TRACKING NTJMBER

(Date of Application)

A. Development Name and Location:

l. Name of Development

2. Address of Development

Mill Run

35409 Mill Run Lane

Belle Haven

(State)

Ifcomplete address is not available, provide longitude and

location on site your surveyor deems appropriate.

! Documentation from surveyor attached (TAB A)

(Street)

(Zip Code)

latitude coordinates (x,y) from

(Only necessary if street address or street intersections are not available.

(Coordinates should be the same as those listed on pg 13, ifapplicable)

Virginia

(City)

4. The Circuit Court Clerk's office in which the deed to the property is or will be recorded:

CitylCounty of Accomack County (ie; Richmond City, Chesterfield County; see application manual)

Does the site overlap one or morejurisdictional boundaries? EYes [] No

If yes, what other City/County is the site located in besides the one mentioned above?

Is the development located in a Metropolitan Statistical Area?.

'7.

!Yes

fl Yes

httÞ://dlsois.state.va.us/senate/200 1 PDFs/Chap2Tab.odf

htto://dlsois.state.va. us/House/2001 HousePDFs/Chao 1 Tab. pdf

INo

I No (lf yes, attach required form in TAB A)

8.9.

10.

Census Tract the development is located in: 510019908

Is this a Qualified Census Tract:

Is the development located in a Diffrcult Development Area?Is the development located in a revitalization area? n Yes n No flf yes, attach required form in TAB A)

Is the development an existing RD or HUD 58/236 development? n Yes tr No (If yes, attach required form in TAB Q)Note: Ifthere is an identity ofinterest 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 ofthis requirement from VHDA prior to application submission to receive these points.

a. Applicant agrees to waive all rights to any developer's fee or

other fees associated with acquisition and/or rehab. ! Yes ! n/a

b. Applicant has obtained a waiver of this requirement from VHDAprior to the application submission deadline. ! Yes l) nla

1 1. Is the development located in a census tract with a poverty

rate <10%o with no tax credit units cunently present? n Yes n No

12. Is the development listed on the RD 5 15 Rehabilitation

Priority List?

13. CongressionalDistrict

Planning District

State Senate District

State House District

14. n Location Map Attached (TAB

! Yes !No

22

6

100

A)

B. Project Description:

In the space provided below, give a briefdescription ofthe proposed project.

Mill Runisa14un¡trental propertybuiltwithCDBGfundsin1998bytheAccomack-NorthamptonRegionel HousingAuthority. Thepropertycontãins4

one bedroom, 5 two-bedroom and 5 three-bedroom apartment units each with one bathroom. The A-NRHA proposes to significantly rehabilitate the

existing units including adding a second bathroom to the 2 and 3 bedroom units, and to construct 12 new units, 6 two-bedoroom 1.5 bath and 6 three-

bedroom two bath, on 6 empty lots owned by the A-NRHA adjacent to the ex¡sting units. The resulting 26 unit property will be energy efficient and

providemoreaccessibilitytoresidents. Theon-siterental officeandcommunityroomwill beexpanded. Everyunitwill receiveaproject-basedvoucher.

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Low Income Housing Tax Credit Application For Reservation

C. Reservation Request

l. Total annual credit amount request (Must be the same as Part IX-D8) 5327 ,442

2. Credits requested from:

97o Credits

! Nonprofit Set-Aside (All nonprofit owned developments which meet tests

described in Part II-D hereof may select this)

E Local Housing Authorities ! Tidewater MSA Pool

¡ Northern Virginia MSA Pool n Small MSA/Micropolitan Pool

n Richmond MSA Pool n Rural Pool

n Non-Competitive Pool (Preservation) n Non-Competitive Pool (Disability)

¡ Tax Exempt Bonds

I new construction, or

I rehabilitation, or

I acquisition and rehabilitation.

Federal Subsidiesn The development will not receive federal subsidies.

n This development will receive federal subsidies for:

! all buildings or

!some buildings.

D. Type(s) of Allocation/Allocation Year

1. Regular Allocation

n all otthe buildings in the development are expected to be placed

in service this year. For those buildings the owner will, this year, request an

allocation of2008 credits for ! new construction, or

I rehabilitation, or

! acquisition and rehabilitation.

2. CarryforwardAllocation

E All of the buildings in the development are expected to be placedin service within two years after the end ofthis calendar year, 2009, but theowner will have more bhan l0%o basis in the development before the end of sixmonths following allocation of credits. For those buildings, the own€r requests

a carryforward allocation of2009 credits pursuant to Section a2(h)(l)(E) for:

! new construction, or

E rehabilitation, or

! acquisition and rehabilitation (even ifyou acquired a building this year and

"placed it in service" for the purpose ofthe acquisition credit, you cannot receive

the 8609 form for it until the rehab 8609 is issued for that building once the rehab

work is "placed in service" in 2010 or 201 I ).

3. Federal Subsidies

E ttre development will not receive federal subsidies.

n fnis development will receive federal subsidies for:

[J all buildings or

! some buildings.

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Low-Income Housing Tax Credit Application For Reservation

E. Acquisition Credit Information

)TE: If no credits are being requested for existing buildings being acquired for the development,

indicate and go on to Part F: B No Acquisition

Ten-Year Rule For Acquisition Credits

n eU buildings satisfy the 1O-year look-back rule of IRC Section 42 (dX2XB), including the

l0% basis/$15,000.00 rehab costs ($l10,000 f'or Tax Exempt Bonds) per unit requirement.

! eU buildings qualiff for an exception to the l0-year rule under IRC Section 42(dX2XDXÐ,Subsection(I) DSubsection(II) nSubsection(III) !Subsection (IV) trSubsection (V) n

n A waiver of the lO-year rule for all buildings has been or will be requested from the

Department of the Treasury pursuant to IRC Section 42(dX6XB)

n Different circumstances for different buildings: Attach a separate sheet and explain for each

building.

F. RehabilitationCreditlnformation

NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go

on to Section II. ! No Rehabilitation

Minimum Expenditure Requirements

E All buildings in the development satisff the rehab costs per unit requirement of IRCSection a2(eX3XAXii).

tr All buildings in the development qualify for the IRC Section a2(eX3XB) exception to the

l0% basis requirement (4% credit only).n All buildings in the development qualify for the IRC Section 42(Ð(5XBXii)(II) exception.

n Different circumstances for different buildings. Attach a separate sheet andexplarn tor each burldmg.

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Low-Income Housing Tax Credit Application For Reservation

il. OWNERSHIPINFORMATION

the legal name of the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except thosethe admission of limited partners) prior to the placed-in-serüce date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its

sole discretion. IMPORTANT: The Owner name listed on th¡s page must match exactly the owner name l¡sted on the Virginie Stete Corporat¡on Comm¡ssion

Must be an individual or legally formed ent¡ty

A. Owner Information:Name Mill Run Apartments, LLCContact Person First: David Middle: Franklin Last: AnnisAddress 23372 Front Street

Accomac(Street)VA 233tJt

(City)

Federal I. D. No. 26-4767139

(State) (Zlp Code)

(If not available, obtain prior to Allocation)Phone 7s7 787 2Kfi tax l5T7W422t Email address

Type of entity: ! Limited Partnership E Other limited liabi

I Individual(s) ! CorporationI Owner's organizational documents (e.g. Partnership agreements) attached (Mandatory TAB B)

I Certitication tiom Virginia State Corporation Commission attached (Mandatory TAB C)

Principal(s) involved (e.g. general parblers, LLC members, controlling shareholders, etc.):Names ** Phone Twe OwnershipElaine Meil for the Mill Run Development C' 757 787 2800 Managing Member

o/o Ownership100.00%o.0tJ"h

-TÚ_-iTÚz--TÚ_1rÍ0%-

.UtJYo

This should be 100% of the GP or managing member interest: 100.00%

**These should be the names of individuals who comprise

the GP or manaeins members. not simply the names ofseparate Þartnershlps or comoratlons whrch mav compnse those components.

B Principals'Previous Participation Certitication attached (Mandatory TAB D), resumé, & ownership structure chart.

B. Seller Information:Name Accomack- Auth Contact Person David AmisAddressAccomac, VA'2'3JU'l

Is there an identity of interest between the seller and owner/applicant?If yes, complete the following:

Principal(s) involved (e.g. general parülers, controlling shareholders, etc.)Names Phone Twe Ownership

Accomack-Northampton regional Housing A 757 787 2800 Fee Simple

tJt töt ¿óuu

EYes DNo

%o Ownership100.00%

0.00%

0.00%

2009

0.00%

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Low-Income Housing Tax Credit Application For Reservation

C.

t.

Development Team Information:Complete the following as applicable to your development team.

Thomas Thome-Thomsen Related Entity? IYesENoax Attomey:Firm Name:Address:

Phone:

Tax Accountant:Firm Name:Address:

Phone:

Consultant:Firm Name:Address:Phone:

3t2 491 3324 312 421 6162

2.

a-)-

Mike Vicars !YesENo

804 355-2808 ext 102

Related Entity?Role:

!YesnNo

Related Entity?

Fax:

Related Entity? IYesENo. Management Entity (Contact): Sharon Kennsin

Firm Name: East CoastAddress:Phone: 302 629 8612

5. Contractor (Contact): TBD Related Entity? EYesINoFirm Name:Address:Phone:

6. Architect:Firm Name:Address:

Phone:

Fax:

William Deal Related Entity? ! Yes E No

7s7 466 8881 Fax:

Related Entity? IYesENo. Real Estate Attorney: Johnson

ve, l(lc

8.

804 284 8494 Fax:

Related Entity? nYes!No

Firm Name:Address:

Phone:

Mortgage Banker:Firm Name:Address:Phone:

Other (Contact):Firm Name:Address:

Phone:

9.

Fax:

Related Entity?Role: !YesENo

2009

Fax:

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Low-Income Housing Tax Credit Application For Reservation

D. Nonproätlnvolvement:

For 9o/o Credits - Must be completed in order to compete in the nonprofit tax credit pool.Applicants - Must be completed for points for nonprofit involvement under the ranking system.

Tax Credit Nonprofit Pool Applicants: To qualifu for the nonprofit pool, an organization described in IRC Section 501

(c)(3) or 501 (c)(a) and exempt from taxation under IRC Section 501 (a), whose purposes include the fostering oflow-income housing

L Must "materially participate" in the development and operation oftheproject

throughout the complianceperiod,

2. Must own all general partnership interests in the development.3. Must not be afliliated with or controlled by a for-profrt organization.

4. Must not have been formed for the principal purpose ofcompetition in the nonprofrt pool, and

5. Mustnothaveanystaffmember, ormemberofthenonprofrt'sboardofdirectorsmateriallyparticipateintheproposedprojectas a for-profit entity.

All Applicânts: To qualily fbr points under the ranking system, the nonprofit's involvement need not necessarily

satisfu all ofthe requirements for participation in the nonprofit tax credit pool.

L Nonprofit Involvement (All Applicants)Ifthere is no nonprofit involvement in this development, please indicate by checking here:

I and go on to part III

2. MandatoryQuestionnairelf there is nonprofit involvement, you must complete the Non-Prolit Questionnaire

! Questionnaire attached (Mandatory TAB E)

3. Typeofinvolvement! Nonprofit meets eligibility requirement for points only, not pool or

! Nonprofit meets eligibility requirements for nonprofit pool and points.

4. Identity ofNonprofit (Al1 nonprofit applicants)The nonprofit organization involved in this development is:

! the Owner

I the Applicant (if different from Owner)

! ottrer

(Nme of nonprofit)

(Contact Person) (Street Address)

(Zip code)

(Phone) (Fax)

5. Percentage ofNonprofit Ownership (All nonprofit applicants)Specifu the nonprofit entity's percentage ownership ofthe general partnership interest: 0.0%

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Low-Income Housing Tax Credit Application For Reservation

III. DEVELOPMENT INFORMATION

A. Structure and Units:1. Total number of all units in development 26

'I'otal number ot-rental units in development

--

bedrooms 59

Number of low-income rental units --bedrooms -rercentage of rental units designated low-income -T00T09ã"

2. I he development's structural teatures are (check all that apply):

¡ Row House/ lownhouse n Detached Single-tamily

E Garden Apartments tr Detached Two-family

n Slab on Grade ! Basement

E Crawl space Age of Structure: 11 yr and new

tr Elevator Number of stories: 1

3. Number of new units 12 bedrooms 30Number of adaptive reuse units

-'bedrooms

-1tumber of rehab units

-

bedrooms

-9. Total Floor Area For The Entire Development 34,612.10 rsa nr

5. Unheated ¡ loor Area (Breezeways, Balconies, Storage) 5,830.ó0 rsq. nl

6. Nonresidential Commercial Floor Area(Not eligible for funding)

7. Total Usable Residential Heated Area

8. Number of Buildings (containing rental units)

9. Commercial Area Intended Use:

0.00 rso nr

28,781.50 rso.n.l

10. Project consists primarily of a building(s) which is (are)(CHOOSE ONLY ONE)

E Low-Rise (l-5 stories with any structural elements made of wood)

D Mid-Rise (5-7 stories with no structural elements made of wood)

n High-Rise (8 or more stories with no structural elements made of wood)

B. Building Systems:

Please describe each of the following in the space provided.Community Facilities: Community Room, Management Office and Maintenance on site.

Exterior Finish: Hardi - Plank

l3

Heating/AC System: High effrciency heat pumps

ArchitecturalStyle: EasternShoreResidentialvernacular

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Low-Income Housing Tax Credit Application For Reservation

C. Amenities:

¡ apeeif)'the average size per unit bpe-(Including pre rat¡ shore ef heeted eemmen are¡)4ss,iste4lvg 0Sg SF +EdmÆld 0S0 S+ 3+dm4ar-l-sbÉÆf+Æ¡d T-ss 2g,cmÆld T-s+ a-B'cmÆar

!*neUf,

!strhnrni

OSE SFT'spT'srT'sr'T'srtr€ld

--@sg2ÆcmÆar -TsP 4 BdrmTH

4 Tetel gress trsable; heated square feet fer the entire p-ejeet less nenresidential eemnnereial area:

2S#SJ-S0 n ¡'eeumentatien etg*enee ('l.r\tsf)MandeteryH

NOTE l: The items on pages I & 9 of this application denoted by a STRIKETHROUGH should be ignored.

The square footage measurements above should be entered on the worksheet labeled Info Sheet.

Those which are optional point items may be elected later in the application on the worksheets labeled

Score (NC), Score (AR) and Score (Rehab), as the amenity items may not apply to all construction types.

Please note that the point item below pertaining to a community room should be elected here, if appropriate.

NOTE 2: All developments must meet VHDA's Minimum Design and Construction Requirements.

By signing and submitting the Application For Reservation of Low Income Housing Tax Credits theapplicant certities that the proposed project budget, plans & specitications and work write-ups incorporateall necessary elements to tultill these requirements.

*E neeumentatien etta€hed (

Per¡ny prejeetr upen ie*¡ @+eA% ()Pereentege ef 2 bed

149% a(Z) Pereen.æe ef a er merc

E b. A community/meeting room with aminimum ofT49squarefeet is provided8ei4 e Pereentage of exterior w

Âtt kitehen and teund

ÊYert'unit in the deYetep

ir

with€asfornaees with an ÂFUE rating ef 909á, er mere

YÉater expense is sub metered (the tenant *'ill pay menthly er bi menthlf bilÐEeeh battìroorn consists en

i€€'

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Low Income Housing Tax Credit Application For Reservation

For elt preje€tõ exe iot-Mien+ (ep+i€a€lffi)

!e¡b,fl e, ¡,lt Uatnreems wUl-naw m

! è^ll

entren€e C€er$ have

Per aU renaU¡t¡t ien-ere++ehebitita+ie*' (gp+¡en¿+e¡n++emÐ

D i+-ier-as

Accessibility

Check one or none ot the lollowrng pomt categones, as appropnate:

E For any non-elderly property in which the greater of5 or l0% ofthe units (i) provide federal project-based rent subsidies or

equivalent assistance in order to ensure occupancy by extremely low-income persons; (ii) conform to HUD regulationsinterpreting accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to people withspecial needs in accordance with a plan submitted as part of the Application. (lf special needs include mobility impairmentsthe units described above must include roll-in showers and roll under sinks and front controls for ranges).

n For any non-elderly property in which the greater of 5 or 10olo of the units (i) have rents within HUD's Housing ChoiceVoucher ("HCV) payment standa¡d; (ii) conform to HUD regulations interpreting accessibility requirements of section 504 ofthe Rehabilitation Acq and (iii) are actively marketed to people with mobility impairments, including HCV holders, inaccordance with a plan submitted as part the Application.

! For any non-elderly property in which at least four percent (4%) of the units conform to HUD regulations interpretingaccessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobilityimpairments in accordance with a plan submitted as part of the Application.

Earthcraft or LEED Development CertilicationApplicant agrees to obtain Earthcraft or LEED certification prior to issuance of IRS Form 8609. Architectcertifies in the Architect Certification that the development's design will meet the criteria for such certification.

Q Yes - Earthcralt I Yes - LEEI)If Yes to either, attach appropriate documentation at TAB F

LEED Accredited Design Team MemberOne or more members of the design team is a LEED accredited professional.

B Yes n No lt Yes, attach approprtate documentatlon at'tAB F

Universal Design - Units Meeting Universal Design Standards

a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.

I Yes n No It Yes, attach appropnate documentatlon at TAB lr'

b. Number of Rental Units constructedto meet VHDA's Universal Design standards:

12 Units 460/o

VHDA Certified Property Management AgentOwner agrees to use a VHDA Certified Property Management Agent to manage the property.

EYes ENo

! yes lNo EVe The market-rate units' amenities are substantially equivalent to those of thelow-income units. If no, explain differences:

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Low-Income Housing Tax Credit Application For Reservation

IV.TENANT INFORMATION

Note: ln order to qualify for any tax credits, a development must meet one of two minimum threshold occupancy tests. Either (i) at least

of the units must be rent-restriðted and occupied by persons whose incomes are 50% or less of the area median income adjusted for ff the units must be rent-restr¡cted and occupied by persons whose ¡ncomes are 50% or less ot the area medlan lncome aojusleo Tor Tar

size (this is called the 20150 test) or (i¡) at least 40% of the units must be rent-restricted and occupied by persons whose incomes are 60%

less of the area median income adjusted for family size(this is called the 40/60 test), all as described in Section 42 of the lRC. Rent-a

income-restricted units are known as low-income units. lf you have more low-income units than required, you qualify for more credits. lfserye lower incomes than required, you receive more points under the ranking system.

r. Set-Aside Election: UNITS SELECTED BELO\ry IN BOTH COLUMNS DETER]VIINE

POINTS FORTHE BONUS POINT CATEGORY

ennits

3 11.54% 40o/o Area Median.--'--.8t.T.6/%-50o/o Area Median.....-..ü5092''60Yo AreaMedian.TI09õ'

Non-LMI Units

-T0Uf09õ'Total

Note: Choosing 507" Rents/507o Income Will Not Score Higher Than Choosing 50% Rents/607o IncomeB. Special Housing Needs/Leasing Preference:

l. If 100% of the low-income units will be occupied by either or both of the following special needsgroups as defined by the United States Fair Housing Act, so indicate:

2.

-)-

Elderly (age 55 or above)Physically or mentally disabled persons (must meet the requirements of the federalAmericans with Disabilities Act)

Specif, the number of low-income units that will serve individuals and families with children byproviding three or more bedrooms: 11 Number of units 42% of total low-income units

If the development has existing tenants, VHDA policy requires that the impact of economic and/or physicaldisplacemeni on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation

Guidelines for LIHTC properties.

If leasing preference will be given to applicants on public housing waiting list and/or Section 8

waiting list, so indicate:

El YesnNon Locality has no such waiting list; If yes, provide the following information:

n Yes

! Yes

Organization which holds such waiting list:Contact person (Name and Title)

4.

Kathleen

5,

Phone Number 757 787 2936 El Required documentation attached (TAB H)

If leasing preference will be given to individuals and families with children'

(Less than or equal to 20Yo of the units must have of I or less bedrooms).

E Yes

lNo

Units Provided Per Household '

0 0.00% 40Yo Area Median---T':Tt09õ- 50Yo AreaMedian.--...5trit09ã,.600/o Area Median.TTtl%-

Non-LMIUnits

-T00TO9ã'

Total

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Low-Income Housing Tax Credit Application For Reservation

V. LOCALNEEDSANDSUPPORT

A. Provide the name and the address of the chief executive of{icer (City Manager, Town Manager, orCounty Administrator) of the political jurisdiction in which the development will be located:

Chief Executive Officer's Name Marion F. Long

Chief Executive Officer's Title MayorStreet Address PO Box 238 Phone 757 4425031

City Belle Haven State VA Zip 23306

Name and title of local official you have discussed this project with who could answer questions for the

local CEO: Marion F. Long, Mayor

E Leuerfrom

VHDA notihcation letter to CEO submitted prior to 5:00 PM 3/5/09: (9%o competitive credits only) fl Yes n No

If the property overlaps another jurisdiction please fill in the following:Chief Executive Officer's NameChief Executive Offrcer's TitleStreet AddressCity

Name and title of local official you have discussed this project with who could answer questions for the

local CEO:! Letterfrom

VHDA notification letter to CEO submitted prior to 5:00 PM 315/09 (9% competitive credits only) [ Yes I No

Phone

zip

B. Project Schedule

ACTIVITYACTUÀL ORANTICIPATED

DATE

NAME OFPERSON

RESPONSIBLE

SiteOption/Contract lomplete David Annis

Site Acquisition 1 l-l-09 DavidAnnis

Zoning Approval lomplete David Armis

Site Plan Approval )omolete David AnnisFinancingA. Construction Loan

Loan Application 7t3u09 DavidAnnisConditional Commitment st3u09 David Annis

Firm Commitment 9n5/09 DavidAnnisB. Permanent Loan - First Lien

Loan Application _ 6t30/09 David Annis

Conditional Commitment 7ßVrJg David AnnisFirm Commitment 8/rs/09 DavidAnnis

C. Permanent Lo¡n-Second LienLoan ApplicationConditional Commitment

Firm Commitment

D. Other Loans & Grants

Type & Source, ListApplicationAward/Commitment

f,'ormâtion of Owner Complete David Annis

IRS Approval ofNonprofit Status NA David Annis

Closine and Transfer of ProperW to Owner tt/0!09 David Annis

Plans and Speciäcations, Working Drawings 8^/09 David Annis

Building Permit Issued by Local Government tztolt09 David Annis

Start Construction t2/1s/09 David Annis

Beqin Lease-up 6n5/09 David Annis

Complete Construction 7/31/10 David Annis

Complete Lease-Up 8/31/t0 DavidAnnisCredit Pleced in Service Date t,/71I David Annis

2009

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Low-Income Housing Tax Credit Application For Reservation

.ZI. SITE CONTROL

þS Site control by the Owner identified herein is a mandatory precondition of review of this applicationevidence of it, in the form of either a deed, option, purchase contract, or lease for a term longer than the period of timeproperty will be subject to occupancy restrictions must be included herewith. (9% Competitive Credits - An optioncontract must extend beyond the application deadline by a minimum of four months.)

Site control by an entity other than the Owner, even if it is a closely related party, is not sufficient.transfers to the Owner are not sufficient. The Owner, as identified in Subpart ll-4, must have site control at

this Application is submitted.

; lf the Owner receives a reservation of credits, the property must be titled in the name of or leased by (pursuant tolease) the Owner before the allocation of credits is made this year.

us before you submit this application if you have any questions about this requirement.

A. Type of Site Control by Owner:

Appllcant controls site by (select one and attach document - Mandatory'l'AB K)

n Deed - attached

! Long-term Lease - attached (expiration date:

n Option - attached (expiration date:

El Purchase Contract - attached (expiration date: 11106/09

If more than one site for the development and more than one form of site control, please so indicate! and attach a separate sheet speci$ing each site, number of existing buildings on the site, if any,type ofcontrol ofeach site, and applicable expiration date ofform ofsite control. A site controldocument is required for each site.

B. Timing of Acquisition by Owner:Select one:

n Owner already controls site by either deed or long-term lease or

El Owner is to acquire property by deed (or lease for period no shorter than period propertywill be subject to occupancy restrictions) no later than ll/06/09 (must be prior to November 7 ,2008).

If more than one site for the development and more than one expected date of acquisition byOwner, please so indicate n and attach separate sheet speci$ing each site, number of existingbuildings on the site, if any, and expected date of acquisition of each site by the Owner.

C. Market Study Data:

Obtain the following information from the Market Study conducted in connection with this ta,x credit application and enter below:

Project Vy'ide Capture Rate - LIHTC Units

Project Wide Capture Rate - Market Units

Project Wide Capture Rate - All Units

Project Wide Absorption Period (Months)

3.30o/o

0.00o/o

3.30o/o

5.""tt"

2009 Page 12

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Low-Income Housing Tax Credit Application For Reservation

l. Site Description

l. Exact area ofsite in acres 14.000

2. Has locality approved a final site plan or plan ofdevelopment?

E Yes ENo

E Required documentation form attached (TAB L)

3. Is site properly zoned for the proposed development?

El Yes E NoE Required documentation form attached (TAB M)

4. Will the proposal seek to quali$ for points associated with proximity to public transportation?

EJ Yes E NoEl Required documentation form attached (TAB A)

D. Photographs

lnclude photographs of the slte and any exlsfing structure(s) rn TAB 0. þor rehablhtatlon projects,provide interior pictures which document the necessity ofthe proposed work.

E. Plans and Speciäcations

Minimum submission requirements for all properties (nerv construction, rehabilitation and adaptive reuse)

l. A location map with property clearly defined.

2. Sketch plan of the site showing overall dimensions of main building(s), major site elements

(e.g., parking lots and location ofexisting utilities, and water, sewer, electric,

gas in the streets adjacent to the site). Contour lines and elevations are not required.

3. Sketch plans of main building(s) reflecting overall dimensions of:

a. Typical floor plan(s) showing apartment types and placement

b. Ground floor plan(s) showing common areas;

c. Sketch floor plan(s) of typical dwelling unit(s);

d. Typical wall section(s) showing footing, foundation, wall and floor structure.Notes must indicate basic materials in structure, floor and exterior finish.

In addition: required documentation for rehabilitation properties

A unit-by-unit work write-up.

þ Plans and specifications/unit-by-unit work writeup attached (TAB P) or

E Plans and specifications/unit-by-unit work writeup submitted separately

2009 Page 13

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Low-Income Housing Tax Credit Application For Reservation

VII. OPERATING BUDGET

A. Rental Assistance

l. Do or will any low-income units receive rental assistance?

[Yes n No

2. Ifyes, indicate type ofrental assistance:

! Section 8 New Construction Substantial Rehabilitation

n Section 8 Moderate Rehabilitation

n Section 8 Certificates

! Section 8 Project Based Assistance

n no stS Rental Assistance

! Section 8 Vouchers

n State Assistance

n othe.:

3. Number of units receiving assistance:

Number ofyears in rental assistance contract:

Expiration date of contract:

E Contract or other agreement attached (TAB Q)

B. Utilitiesl. Monthly Utility Allowance Calculations

26

I

Utilities Type ofUtilitylcas. Eleclric. Oil. etc

Utilities

Paid hv:

Enter Allowances by Bedroom Size

0-bdr l-bdr 2-bdr 3-bdr 4-br

{eating )wner Tenant 3( 4f 5: 0

\ir Conditioning )mer Ienant l3 I 2(

)ooking Jwner Tenant ll l4 l;

-ighting )wner Ienânt 4l 5(

lot Water --lo.n"t Tenant 2l 3¿ 4l

Vater )wner lerânt

;ewer )wner lenant

lræh flo*ne. Tenant

Total utilitv allowance fo¡ costs Daid bv te¡anl $0 st 28 s160 $189 $0

2. Source of Utility Allowance Calculation(Attach

Documentation TAB Q)n HUD

tr Utility Company (Estimate)

! Utility Company (Actual Survey)

E Local PtlA

n other:

2009 Page 14

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Low-Income Housing Tax Credit Application For Reservation

C. Revenuel. Indicate the eslimated monthly income for the Low-Income Un¡ts: **

! Documentation in Support ofOperating Budget attached (TAB R)

List number of units by type: TOTAL UNITS

Total Number ofTax Credit Units Rental Income

I Bedroom Units

2 Bedroom Units

3 Bedroom Units

4 Bedroom Units

0

4

$0

$1,1 80

$4,686

$5,511

s0

Total Number of Tax Credit Units

illl0T

Plus Other Income Source (list):

Equals Total Monthly income:

Twelve Months

Equals Annual Gross Potential Income

Less Vacancy Allowance

HCV income

( 7.0% )

$12,011

x12

sl44,132$10,089

$134,043

-

Equals Annual Effective Gross Income (EGI) - Low Income Units

*r Beginning at Row 75 enter the appropriate data for both lg¡3lgg¡! and g¡þ!4@ units in the yellow shaded cells.

2. Indicate the estimated monthly income for the Market Råte Units: **

Unit TypeTotal Number of

Market UnitsTotal MonthlyRental Income

Efficiency Units

I Bedroon Units

2 Bedroom Units3 Bedroom Units

4 Bedroom Units

0

0

00

0

s0

$0

$0$0

s0

Total Number of Market Units

Plus Other Income Source (list):

Equals Total Monthly Income:

Twelve Months

Equals Annual Gross Potential Income

xl2s0

Less Vacancy Allowance ( 0.0o/o )

Equals Annual Effective Gross Incone (EGI) - Market Rate Units

ASSISTED LVG EFF-ELO'

BD RI'ELD 2 BD RM-ELD EFF€AR I BD RMGAR

0 0 0 0 0 4

2 BD RM€AR 3 BD RiI€AR ¿ BD RIII4¡AR 2 BD RM.TH 3 BD RM-TH 4 BD RM.TH

1'l 11 0 0 0 0

I STY-EFF-ELD ,I STY.I BR-ELD I STY-2 BR{LO

0 0 0

Note: Pleâse b€ sure to enler lhe number of units in thegpp4p¡þlg unit category. If not' you will find sn error on

List number of units by type:the scor$hæt at 5å, 6a & ób.

TAX CREDIT UNITS

ASSISTED LVG EFF+LD I BD Rt¡€U) 2 BD RM-ELD EFF-GAR I BD RiI4AR

0 o 0 0 0 4

2 BD RM€AR 3 BD RM-GAR ¡l BD RM€AR 2 BD RM.IH 3 BD RM.TH 4 BD RM.TH

11 11 0 0 0 0

l SW-EFF-ELO I STY.I BR€LD I STY.2 BRTLD

0 0 0

Un¡t Type /Rent Taroetino Number Un¡ts

Efflclency Un¡tB

Net Rentable

Square Feet

Monthly Rent

Per Un¡t

Total

Monthlv Rent

Efficiency-4o% I o ll o3o I lT-l s

Errcrencv-4o% r o rr urJU riTT tEtriciency-4o% f o ll o¡o llT-l s

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0

0

0

0

0

0

0

0

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

o.00

0.00

0.00

Eff¡c¡ency - 40%

Efficiency - 4070

Efficiency - 40%

Efficiency - 400/0

Efficiency - 40%

Efficiency - 40%

Efficiency - 40%

Eff¡c¡ency - 4070

Eff¡ciency - 40%

Efficiency - 40%

Efiiciency - 40%

Efficiency - 40%

Efficiency - 50%

Etficiency - 50%

Eff¡c¡ency - 50%

Effìciency - 5070

Effìc¡ency - 50%

Efficiency - 5070

Efficiency - 50%

Efficiency - 50%

Efficiency - 50%

Efficiency - 500/o

Efficiency - 50%

Efficiency - 50%

Efficiency - 50%

Efficiency - 5070

Efflciency - 50%

Eff¡ciency - 60%

Efi¡ciency - 60%

Efficiency - 60%

Efficiency - 600/o

Eff¡ciency - 60%

Efficiency - 60%

Efiiciency - 60%

Efficiency - 60%

Effic¡ency - 60%

Efi¡c¡ency - 60%

Efficiency - 60%

Efficiency - 60%

Efficiency - 60%

Efficiency - 600/0

Efficiency - 60%Total Efñclency

Tax Cred¡t Un¡ts:

Efficiency - Market

Efficiency - Market

Efficiency - Market

Efficiency - Merket

Effic¡ency - Market

Efficiency - Market

Efficiency - Market

Efficiency - Market

Efficiency - Market

Efficiency - Market

Efficiency - Market

Etficiency - Market

Efficiency - MarketEff¡ciency - Markel

Efficiency - Market

Total Efñclency

Market Units:

Total Eff- LJnlts:

$

$

$

$

$

$

$

$

$

$

$

$

$

$

ù

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$Tota¡ Monthly Ef.Tax Credit Rent: $:

s

$

s

$

$

$

$

$

$

$

s

$

$

$

$

$

$

$

$

$

s

$

$

$

$

$

$$

$

$

$

ù

$

$

$

$

$

$

$

$

$

$$

ù

0.00

1-Bedroom Units

Net Rentable

Number Un¡ts Souare Feel

Total Monthly

Eff. Market Rent:

Total Eff. Rent

Monthly Rent

Per Unit

Total

Monthlv Rent2009

$

s

$

$

$

$

$

$

$

$

$

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0_00

0.00

0.00

0.00

0.00

$

$

$

$

$

$

$

$

$

ù

s

$

$

$

$

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0.00

0.00

0.00

0_00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0

0

0

0

0

0

0

0

0

0

0

0

00

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

Rent TaroetinoPage 15

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2

'l

0

0

0

0

0

0

0

0

00

0

0

0

660.37

691.87

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

1 BR - 400/o

1 BR-40%1 BR - 400/o

1 BR-40%

I BR - 4070

I BR- 4Oo/o

1 BR-40%

I BR-40%'l BR - 40%

1 BR-40%

1 BR-40701 BR-40%

1 BR-40%

1 BR- 40o/o

I BR-40%

I BR-50%1 BR-50%

1 BR-50%I BR-50%

1 BR-50%

1 BR-50%

1 BR-50%1 BR-50%I BR - 50o/o

1 BR-50%1 BR - 50olo

1 BR - 500/o

1 BR-50%I BR - 500/o

1 BR-50%

1 BR-60%1 BR-60%

1 BR-60%'t BR - 60%

1 BR-60%I BR-60%

1 BR-60%I BR-60%

1 BR-60%I BR-60%

1 BR-60%'t BR - 60%

1 BR-60%1 BR - 600/o

I BR-60%

Total l-BR

Tax Cred¡t Un¡ts:

I BR- Market

1 BR - Market

1 BR - Market

1 BR - Market

1 BR - Market

1 BR - Market1 BR - Market

I BR - Market

1 BR - Market

1 BR - Market

1 BR- Market

I BR - Market

1 BR - Market

1 BR- Market

I BR - Market

Total 1-BR

Martet Un¡ts:

$

$

$

$

$

s

$

$

$

$

$$

$

$

$

$

$

$

$

$

$

s

$

$

$$

$

$

$

$

$

$

$

$

$

$

$

ù

$$

$

$

$

$

$

$

$

$

$

$

$$

I$

$

$

$

$

$

$

540

270

370

Total Monthly 1-BR

Tax credlt Rent: $ 1,180

-

2,704.48

Totel Monthly

l.BR Market Rent:

270

270

$

c

$

$

$

$

s

$

$$

$

$

$

1

0

0

0

0

0

0

0

0

00

0

0

0

0

691.87

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

$ 370

$

$

$

$

$

$

$

$

$$

$

$

$

$

0

0

0

0

0

0

0

0

00

0

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

$

$

$

$

$

$

s

$s

s

$

$

$

0

0

0

0

0

00

0

0

0

0

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$

$

$

$

$

$$

ù

$

s

$

s

$

$

2009

0.00

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Total 1-BR Units:

Rent Taroelinq

zBR- 40%

2BR- 40%

2 BR - 4Oo/o

ZBR- 4Oo/o

2 BR - 4Oo/o

zBR- 40%

2 BR - 4Qo/o

2BR- 40%

2 BR - 4Oo/o

?BR- 40%

2 BR - 4Oo/o

2 BR - 4Oo/o

2 BR - 4Qo/o

?BR- 40%

2BR- 40%

2BR-50%2BR-50%

2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%2BR-50%

2BR-60%

2BR-60%2BR-60%2BR-60%2BR-60%2BR-60%2BR-60%2 BR - 600/o

2 BR - 6070

2BR-60%2BR-60%2BR-60%2 BR - 600/o

2BR-60%2 BR - 600/o

Total 2-BR

Tax Cred¡t Un¡ts:

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

2 BR - Market

0

0

0

00

0

0

0

0

0

0

0

0

0

0

5

6

00

0

0

0

0

0

0

0

0

0

0

0

0

00

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

$

$$

$

$

$

$

$

$

$

I$

$

I$

$

$

s

$

$

$

$

Total l-BR Rent s 1,180

-2-Bedroom Unlts

Net Rentable

Number Units Souare Feet

Monthly Rent

Per Un¡t

Total

Monlhlv Rent

$

$

$

$$

s

$

$

$

$

$

$

$

$

$

$

$

ù$

$

$

$

$

$

$

$

$

$

$

$$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2,130

2,556

11 I 1 ,1 82.65

Total Monthly 2-BR

Tax Credlt Rent: $ 4,686

-

2009

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$

$

s

$$

$

$

$

$

$

$

$

$

$

882.93

1j28.OO

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

o,00

0.00

0.00

0.00

0.00

$ 426

s 426

s

$

$

$

s

ù

I$

ü

$

0.00

0.000.00

0.00

0.00

o.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00 Page 15

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2 BR - Market

2 BR - Market

2 BR - Market

Total 2-BR

Market Un¡ts:

Total z-BR Un¡ts:

Rent Tarqetino

3BR-40%3BR-40%3BR-40%3BR-40%3 BR - 400lo

3BR-40%3BR-40%3BR-40%3BR-40%

3BR-40%3BR-40%3 BR - 4070

3BR-40%3BR-40%3BR-40%

3BR-50%3BR-50%3BR-50%3BR-50%3BR-50%3 BR - 500/o

3BR-50%3BR-50%

3BR-50%3BR-50%3BR-50%3 BR - 5070

3BR-50%3BR-50%3BR-50%

3 BR - 6070

3BR-60%3BR-60%3 BR - 600/o

3BR-60%3BR-60%3BR-60%

3BR-60%3BR-60%3BR-60%3BR-60%3BR-60%3BR-60%3BR-60%3BR-60%Total 3-BR

Tax Cred¡t Un¡ts:

3 BR - Market

3 BR - Markel

3 BR - Market

Monthly Rent

Per Unit

Totel

Monthlv Rent

$

$

$

$

$

$

$

$

$

s$

$

$

$

$

$

$

$

$

$

$

$

$

$$

$

$

$

$

$

$

$

$

$

$

$

$

$$

$

$

$

$

$

$

2,505

3,006

11

2009

I o ìl mo lls .-_ls

I o li mo---liT-l s

Total Monthly

z-BR Market Rent:

Totel 2-BR Rent

3.8êdroom Units

Net Rentable

Number Units Square Feet

0

0

0

0

0

0

0

0

0

00

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

1,076.96

1,300.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0_00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0_00

0.00

0.00

13,184.80

s

$

$

$

$

$

$

$

$$

$

$

$

s

$ 501

$ 501

$

$

$

$

$

$

$$

$

s

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Total Monthly 3-BR

Tax credlt Rent: $ 5,511

5

6

0

0

0

0

0

0

00

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

I o lt o¡o llT--l s

I o li mo -]iT-l ç Page 15

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0

0

0

0

0

0

0

0

0

0

0

0

0.00

0.00

0.00

0.00

o.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Market

3 BR - Markel

3 BR - MarkôtTotal 3-BR

Market Unlts:

Total 3-BR Ljnilsi

$

$

$

ù

$

$

$

$

$

$

$

$

¡l-Bedrcom Unlts

Net Rentable

Number Units Souare Feet

Total Monthly

3-BR Market Rent:

Total 3-BR Rent

Monthly Rent

Per Un¡t

Total

Monthly Rentent Taroetino

4BR-40%4BR-40%

4BR-40%4 BR - 40o/o

4BR-40%4BR-40%4BR-40%4BR-40%4BR-40%4BR- 40%

4BR- 40%

4BR-40%4BR- 40%

4BR-40%4 BR- 40%

4 BR - 5070

4BR-50%4 BR - 5070

4BR-50%4 BR - 500/o

4BR-s0%4 BR - 500/o

4BR-50%4BR-50%4BR-50%4 BR - 500/o

4BR-50%4BR-50%4 BR - 500/o

4 BR - 50o/o

4BR-60%4BR-60%4 BR - 6070

4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%4BR-60%

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$

$

$$

$

s

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

ü

$

$

$

$

E

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$

$

$

$

$

$

s

$

$

$

ù

s

$

ù

$

0.00

0.00

0.00

0.00

0.00

0_00

0.00

0_00

0.00

0.00

0.00

0.00

0.00

0.00

$

s

$

$

$

$

$

$

$

s

$

$

$

$2009 Page 15

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0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

4 BR - 607o

Total 4-BR Total MonthlY4'BR

Tax Cred¡t Un¡tB: 0 0.00 Tar Credit Rent:

4 BR - Market

4 BR - Market

4 BR - Merket

4 BR - Market

4 BR - Market

4 BR - Markët

4 BR - Märket

4 BR - Market4 BR - Market

4 BFI - Market

4 BR - Market

4 BR - Market

4 BR - Market

4 BR - Market

4 BR - Market

Total 4-BR

Markst Unlts:

Totål 4-BR lJnits:

Total Unlts

$

$

$

$

$

$

$

$$

$

$

$

$

$

$

Totâl Monthly

4-BR ilarket Rent: 5

-

Total 4.BR Rent $:26 Net Rentabls sF: TC Unlts

MKT Units

Total NR SF:

27,071.98

0.00

2f ,071.93

-

Floor Fraction 100.0000%

0

0

o

0

0

0

0

00

0

o

0

0

o

0

$

$

$

$

$

$

s$

s

s

$

$

$

2009 Page 15

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Low-Income Housing Tax Credit Application For Reservation

Ex.Administrative:

l. Advertising/lvfarketing2. Office Salaries

3. Office Supplies4. Office/Model Apafment (type-)5. Management Fee

$500

$10,000

7.46Vo of EGI

-

6. Manager Salaries

7. StatrUnit(s) (type

)8. Legal9. Auditing

384 ól 53846 Per Unit

$12,000

$0

I 0. Bookkeeping/Accounting Fees

I 1. Telephone & Answering Service

12. Tax Credit Monitoring Fee

I 3. Miscellaneous Administrative

Total AdministrativeUtilities

14. Fuel Oil15. Electricityló. Water17. Gas

18. Sewer

Total UtititY

Operating:I 9. Janitor/Cleaning Payroll

20. Janitor/Cleaning Supplies

2 l. Janitor/Cleaning Contract22. Exteminating23. Trash Removal24. Security Payroll/Contract25. Grounds Payroll26. Grounds Supplies27. Grounds ConÍact28. Maintenance/Repairs Pa¡toll29. Repairs/Material30. Repairs Conhact3 l. Elevator Maintenance/Contrâct32. Heating/Cooling Repairs & Maintenance

33. Pool Maintenance/Contract/Staff34. Snow Removal3 5. DecoratingÆayroll/Conhact36. Decorating Supplies37. Miscellaneous

Operating & Maintenance Totals

Taxes & Insurance38. Real Estate Taxes

39. Payroll Taxes

40. Miscellmeous Taxes/Licenses/Pemits

41. Property & Liability Insurance

42. Fidelity Bond43. Workman's Compensation44. Health Inswance & Employee Benefits

45. Other Insurmce

Total Taxes & Insur¡nce

Total Operating Expense

$1,200

$32,600

$0

Ë1,500

$1,500æ$0

tiz,500

$J)U$luu

t;5.0u0

$10,200

! I J,UUU

li),uuu

$30,500

$98.050

Dl. Total Oper. Ex. Per Unit 93,771 D2. Total Oper. Ex. As % EGI (fiom E3) 73.t5%

Replacement Reserves (Totâl # Units X $300 or $250 New Const. Elderly Minimurn)

Total Expenses

$7,800

$ I 05,850

2009 Page 16

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Low-Income Housing Tax Credit Application X'or Reservation

E. Cash Flow (First Yea

F. Projections for Financial Feasibility - 15 Year Projections of Cash Flow

Debt Coverage Ratio 1.47 1.46 1.45 1.43 l.4l

Debt Coverage Ratio L39 1.36 1.33 1.30 1.26

Debt Coverage Ratio 1.22 1.18 1.13 1.07 1.01

Estimated Annual Percentage Increase in Revenue 3.00o/o (Must be < 3%)

Estimated Annual Percentage Increase in Expenses 4.00% (Must be > 4%o)

1. Annual EGI Low-Income Units from (C1)

2. Annual EGI Market Units (from C2)

3. Total Effective Gross Income

4. Total Expenses (from D)

5. Net Operating Income6. Total Annual Debt Service (from Page 2l7. Cash Flow Available for Distribution

B2)

$ I 34,043

$0

$134,043

$10s,8s0

$28,I 93

$1 9,1 70

99,023

StabilizedYear I Year2 Year 3 Year 4 Year 5

Eff. Gross Income 134,043 138,064 r42,206 146,472 150,866

Less Oner. Expenses 105.850 I10,084 114,487 119,067 123,830

Net Income 28,193 27,980 27,719 27,405 27,037

Less Debt Service 19,170 19,170 19,170 19,170 19,170

Cash Flow 9,023 8,810 8,549 8,235 7,867

Year 6 Year 7 Year I Year 9 Year 10

Eff. Gross Income 155,392 160,054 164,856 169,801 174,895

Less Oper. Expenses 128,783 133,934 139,291 144,863 150,658

Net Income 26,610 26,120 25,564 24,938 24,238Less Debt Service 19,170 19,170 19,170 19,770 19,170

Cash Flow 7,440 6,950 6,394 5,768 5,068

Year 11 Year 12 Year 13 Year 14 Year 15

Eff. Gross Income 180,t42 185,547 l9l,l13 196,846 202,752

Less Oper. Expenses 156,684 162,951 169,469 176.248 183,298

Net Income 23,458 22,595 21,644 20,598 19,454

Less Debt Service 19,170 19,170 19,170 19,l7a 19,174

Cash Flow 4,288 3,425 2,474 1,428 284

2009 Page l7

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Low-Income Housing Tax Credit Application For Reservation

VIII. PROJECT BUDGET

,. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through 412. Check if the followingdocumentation is attached at TAB S:

! Executed Construction Contract

! Executed Trade Payment Breakdown

fl Appraisalf] Other Cost Documentation

I Environmental Studies

TE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item inis, type of credit and numerical calculations of this Part Vlll.

Item (A) Cost

Amount ol'Cost up to 100%o lncludable lnElieible Basis--Use Apolicable Column(s):

"30olo Present Value Credit" (lJ)

"70 o/o Present

Value Credit"(B) Acquisition (C) Rehab/

New Construction

(lontractor Cost

A.B.C.

D.E.

F.

G.H.I.J.

K.L.M.

Off-Site Improvements

Site WorkOther:Unit SttrcUnit Structures (Rehab)

Accessory Building (s)

Asbestos RemovalDemolition

Commercial Space Costs

Structured Parking Garage

Subtotal A: (Sum lA..lJ)General RequirementsBuilder's Overhead

( 0.0olo Contract)Builder's Profit( 6.4o/o Contact¡

Bonding Fee

Other:ContractiñõTi-Subtotal (Sum lK..1P)

o.P.

a

0 0 0 0

392,0140

0

-..-õ,.0

---õ,'1,044,9301,018,677

0

0

0

0

1,044,930r,018,677

80,9880

0---õ,.0

0

0

0

0

0

0

2.536.609

0ret6l,7t0

0

0

0

0

0

l6r,7t00

161,899 0 0 161,899

0 0 0 0

0 0 0 0

$2,8ó0,218 $0 $0 s2,668,204

Owner CostsA. Building Permit

B. Arch.Ængin. Design Fee

( 5,550 tunit)C. Arch. Supervision Fee

( 0 /unit)D. Tap Fees

E. Soil Borings

20.000 0 0 20.000

144,288 0 0 144,288

0 0 0 0

0 0 0 0

2,s00 0 0 2,500

2009 Page l8

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Low-Income Housing Tax Credit Application For Reservation

(A) Cost

Amount of Cost up to 100% Includable inElieible Basis-Use Aoolicable Columnls):

ltem"30olo Present Value Credit" (D)

"70 o/o Present

Value Credit"(B) Acquisition (C) Rehab/

New Construction

2. Owner Costs Continued

F. Construction LoanOrigination Fee

G. Construction Interest( 0.0% for 0 months)

H. Taxes During Construction

I. Insurance During Construction

J. Cost Certification Fee

K. Title and RecordingL. Legal Fees for ClosingM. Permanent Loan Fee

( 0.0% )N. Other Permanent Loan Fees

O. Credit Enhancement

P. Mortgage Banker

Q. Environmental StudyR. Shuctural/Mechanical Study

S. Appraisal Fee

T. Market StudyU. Operating Reserve

V. Tax Credit Fee

W. OTHER(sEE PAGE 194)

X. Owner Cost

Subtotal (Sum 24..2W)

Subtotal I + 2

(Owner + Contractor Costs)

3. Developer's Fees

4. Owner's Acquisition Costs

LandExisting Improvements

Subtotal 4:

5. Total Development Costs

Subtotal l+2+3+4:

I 5,000 0 0 15.000

r 20,000 0 0 r20,000

15,000 0 0 15.000

23,000 0 0 23,0007.500 0 0

30,000 0 0 30,000

58.000 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

4.500 0 0 4,5000 0 0 0

3.500 0 0 3,500

3,500 0 0 3,500

125.000 0 0 0

23.671 0 0 0

s191.372 $0 $0 $153,000

$786,83 I $0 $0 $546,788

s3,647,049 $0 $0 s3,214p92

250,000 0 0 250,000

r89.r000

$0 s3,464,992

I.051.700

$1,240,800

$5,137,849

$0

$0

If this application seeks rehab credifs only, in which there is no acquisition and no change in ownership, enter the greater ofappraised value or tax assessment value here: $0 Land

(Attach documentation at Tab K)

-Sõ"-

Buitding

2009 Page 19

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Low-Income Housing Tax Credit Application For Reservation

Item (A) Cost

Amount of Cost up to 100% Includable inElieible Basis-Use Applicable Column(s):

"30olo Present Value Credit" (D)"70 oá Present

Value Credit"(B) Acquisition (C) Rehab/

New Construction

OTHEROWNERCOSTS

Contingency Reserve(Rehab or Adaptive Reuse only)LIST ADDITIONAL ITEMSConstruction Manaqement+ALTA Survev

ITCAP AdministrationffiRelocation

Subtotal (Other Owner Costs)

100,000 0 0 I 00,000

25,000 0 0 25,000

8,000 0 0

22.000 0 0 0

16,372 0 0 0

20,000 0 0 20,000

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 00 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

s19t,372 s0 $0 $153,000

2009 Page 194

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Low-Income Housing Tax Credit Application For Reservation

5.137,849

5. Total Development Costs

Subrotal l+2+3+4

Basis-Use Column(s):

(C) Rehab/New

Construction"70 % Present

Value Credit"

(D)

6. Reductions in Eligible Basis

Subtract the following:Amount of federal grant(s) used to finance

qualiff ing development costs

Amount of nonqualified, nonrecourse frnancing

Costs of nonqualifuing units of higher quality(or excess portion thereof)

D. Historic Tax Credit (residential portion)

7. Total Eligible Basis (5 minus 6 above)

8. Adjustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)

(i) For Earthcraft or LEED Certification AND 60 Bonus Points

(ii) For QCT or DDA (Eligible Basis x 30%)

Total Adjusted Eligible basis

9. Applicâble Fraction

10. Total QualilTed Basis (Same as Part IX-C)(Eligible Basis x Applicable Fraction)

11. Applicable Percentage

(For 2009 9% competitive fredits, use the May 2009 applicable percentages for acq.)

(For 97o non-competitive & tã exempt bonds, use the most recently published rates)

12. Maximum Allowable Credit under IRC $42(Qualified Basis x Applicable Percentage)

(Same as Part IX-C and equal to or more than

credit amount requested)

3,464,992

0

0

173,250

0

3,638,242

100.0000% t00.0000% 100.0000%

3,638,242

3.28o/o 0.00% 9.00o/o

s0 $0 s327,442

bJ¿ I,44¿

Combined 30% & 70% P. V. Credil

A.

B.

C.

2009 Page20

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Low-Income Housing Tax Credit Application For Reservation

Source ofFunds

Date ofApplication

Date ofCommitment

Amount ofFunds Name ofContact Person

$o

$o

$0

B. Sources ofFunds

1. Construction Financing: List individually the sources of construction financing, including any such

loans financed through grant sources:

E Commitments or letter(s) of intent attached (TAB T)

2. Permanent Financing: List individually the sources of all permanent financing in order of lien position:

¡ Commitments or letter(s) of intent attached (TAB T)

Grants: List all grants provided for the development:

Total Permanent Grants:

J.

2009

Source of Funds

Date ofApplication

Date ofCommitment

Amount ofFunds

Annual Debt

Service Cost

Interest

Rate ofLoan

Amortizstion

Period

IN YEARS

Term

ofLoan (vears)

I. VHDASPARC $200,298 913.624 5.950/< 35

2. DHCDHOME$500.000 $s.00c LOOol I 00c

3. VHDA (existing loan) $54s.40C s545 o.oool I 00c

4. $o $c 0.000/< l00c

5. $0 $C 0.000/< I 00c

$o $c o oool I 00c

Totals: $ I,245,698 $19,170

Name ofContact Person

! Commitments or letter(s) of intent attached (TAB T)

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Low-Income Housing Tax Credit Application For Reservation

4. Portion of Syndication Proceeds Attributable to Historic Tax Credit

Amount of Federal historic credits

Amount of Virginia historic credits

Equity that Sponsor will Fund:Cash Investment

Contributed Land/BuildingDeferred Developer FeeOther:

Total of All Sources (82 + B3 + B4 + B5 + 86)(not including syndication proceeds except for historic tax credits)

Total Development Cost(From VIII-A5)

Less Total Sources ofFunds (From 87 above)

Equals equity gap to be funded with low-income tax creditproceeds (must equal IX-D3)

Syndication Information (If Applicable)

Actual or Anticipated Name of Syndicator

Contact Person Jeffrey Michael Meyer

Street Address 1840 W. Broad Street, Suite 200

Virginia Community Development Corporation

$0 x Equity % $00.00

$00.000 x Equity %

6.

s0

-$g',r,rôõ"

-o"s'õ'

!AssessmentAttached(TABS)

Equity Total $395,400

-TT[qrfiE-

7.

8.

9.

10.

$5,137,849

s2,649,539

$2,488,310

Phone (804) 343-1200 ext ll3

C.

l.2.

J.

4. a.

b.

c.

d.

e.

5.

6.

7.

City Richmond State VA Zip 23220

Total to be paid by anticipated users of credit (e.g., limited partners)

Equity Dollars Per Credit (e.g., $0.85 per dollar of credit)Percent of ownership entity (e.g., 99% or 99.9%)Net credit amount anticipated by user of creditsSyndication costs ¡rot included in VIII-45 (e.g., advisory fees)

Net amount which will be used to pay for Total Development Cost (4a-4e)

as listed in Part VIII-A5 (same amount as Part IX-D3)

Amount of annual credit required for above amounts

(same amount as Part IX-D6)Net Equity Factor [C5 / (C6 X l0)](same amount as Part IX-D4) Must be equal to or greater than 85olo

99.99%rc

-m-$2,488,310

$327,442

75.99o/o

8. Syndication:

9, Investors:

n Public or

! Individual or

I Private

I Corporate

! Syndication commitment or letter of intent attached (TAB U)

2009 Page22

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Low-Income Housing Tax Credit Application For Reservation

D. Recap of Federal, State, and Local Funds/Any Credit Enhancements

I . Are any portions of the sources of funds described above for the development financed directly or indirectlywith Federal, State, or Local Government Funds? ! Yes ! NoIfyes, then check the type and list the amount ofmoney involved.

Below-Market Loans

n f*ExemptBondsn RD 5r5

! Section 221(d)(3)

I Section 312n Section 236

n vuoa sPARC/REACHn HoMn Funds

E Other: VHDA existing loar/grant

! other:

$00$0

Market-Rate Loans

! TaxableBonds

! Section 220

$200,298$s00,000$545.400

Section 221(d)(3)Section 221(d)(4)Section 236Section 223(f)Other:

$0

$o

!nn!n

$0

$0

$0

--5r0

Grants

n coecn uoec

TCÀP $901,61I

This means grants to the partnership. Ifyou received a loan financed by a locality which received one ofthelisted grants, please list it in the appropriate loan column as "other" and describe the applicable grant program

which funded it.

2. Subsidized funding: list all sources of funding for points. Documentation Attached (TAB T)

Does any ofyour fìnancing have any credit enhancement?

If yes, list which financing and describe the credit enhancement:! Yes ENo

$0

Grants

! State

! Local

I Other:

$0

3.

$o$0

Source ofFunds Commitment date Funds

A-NRHA $395.40C

2 $c

3. SC

$c

5. $(

4. Other Subsidies EJ Documentation Attached (TAB Q)n Section 8 Rent Supplement or Rental Assistance Payment

tr Tax Abatement

E Other Section 8 Vouchers proiect-based by Accomack-Northampton RHA

5. Is HUD approval for transfer ofphysical asset required?

nYesENo

E. For Transactions Using Tax-Exempt Bonds Seeking 47o Credits:

For purposes ofthe 50% Test, and based only on the data entered to this

application, the portion ofthe aggregate basis ofbuildings and land financed with

tax-exemptfundsis: lTã'T-l

2009 Page23

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Low-Income Housing Tax Credit Application For Reservation

X. ADDITIONALINFORiVIATION

A. Extended Use Restriction

l.

NOTE: Each recipient of an allocation of credits will be required to record an extended use agreemenlrequired by

theIRC governing

theuse of the development for low-income housing for at least 30 years.

However, the IRC provides that, in certain circumstances, such extended use period may be terminated early.

This development will be subject to the standard extended use agreement which permits earlytermination (after the mandatory l5-year compliance period) of the extended use period.

This development will be subject to an extended use agreement in which the owner's right to anyearly termination of the extended use provision is waived for 25 additional years after the 15-year compliance period for a total of 40 years. Do not select if IX.B is checked below.

This development will be subject to an extended use agreement in which the owner's right to anyearly termination of the extended use provision is waived f'or 35 additional years after the 15-

year compliance period for a total of 50 years. Do not select if IX.B is checked below.

Nonprofit/Local Housing Authority Purchase Option/Right of First Refusal

E After the mandatory l5-year compliance period, a qualified nonprofit as identified in theattached nonprofit questionnaire, or local housing authority will have the option to purchaseor the right off,rrst refusal to acquire the development for a price not to exceed the outstandingdebt and exit taxes. Such debt must be limited to the original mortgage(s) unless any refinancingis approved by the nonprofit. Do not select if extended compliance is selected in IX.A above.E Option or Right of First Refusal in Recordable Form Attached (TAB V)

Enter name of qualified nonprofit: Accomack-Northampton Regional Housing Authority

2. n A qualified nonprofit or local housing authority submits a homeownership plan committing tosell the units in the development after the mandatory l5-year compliance period to tenants whoseincomes shall not exceed the applicable income limit at the time of their initial occupancy.Do not select if extended compliance is selected in IX.A above.¡ Homeownership Plan Attached (TAB Ð

C. Building-by-Building Information (Complete page 25 as appropriate)

E

n

n

B.

2009 Page24

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Low-Incomr -rrsing Tax Credit Application For Reservation

c. Building-by-Buildinglnformat¡on @Qualified basis must be determined on a building-by building basis. Complete the section below. Building street addresses are required by the IRS (must have them by the time ofallocation request).

Qualilied Bæis Totals (must agree wth VIII-Al0)

Credit Amout Totals (must agree with VIll-A-12)

Build

ing #

l.a

4.

5.

6.

7.

8.

9.

10.

il.

13.

14.

15.

16.

NUMBER

OF

Street

Address

30% Prese¡t Value

C¡edit fo¡ Acouisition

30% Present ValueCredil fôr Cônclr¡rdn 707o Present Value Credit

TAX

:REDI]

LINITS

MARKE']

RATE

Lr\ÌtTs Estiñate

Qualiñed

Bæis

Actual orAnticipated

ln-ServiceDate

Applicable Credit

Amout

Estimate

Qualiñed

Bæis

ActuaÌ or

Anticipated

ln-Service

Date

Applicable CreditAmoml

Estimate

QualiñedBasis

Actual o¡

Anticipated

In-Service

Date

Applicable C¡edit

Amounl35388-35390 Mill Ru Lae

35394-35396 Mill Ru Lae35400-35402 Mill Run Læe

3540ó-35408 Mill Ru LÐe

35412-35414 Mill Rw Lee35418-35420 Mill Rm Lüe35424-35426 Mill Run Lfle35401-35403 Mill Ru Lile35405-35407 Mill Ru lme

35384-35386 Mill Run Lile35380-35382 Mill Run Lme

35381-35383 Mill Ru Læe

35385-35387 Mill Run lme

$(

$(

s(

$(

$($(

$(

$(

$(

$(

$(

$(

$(

$(

$(

s(

0.00%

0.00%

0.00%

0.00%

0.000/0

0.00%

0.00%

0.00%

0.000/0

0.000/o

0,00%

0.000/o

0.00%

0.00%

0 00%

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

0.007

0,00%

0.0001

0.00%

0.0001

0.00%

0.007

0.0001

0.00ol

0.00%

0.00?

0.0001

0.00or

0.00or

0.000r

O noor

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

s274,056

$274,056

$274,056

$191,432

s191,432

$274,056

$274,056

$280,230

$280,230

$280,230

$348,r3ó

$348,136

$348,136

$0

$0

s0

0vt5ll0l/t5n0l/15/l

0r/ls/l

0ln5/l0l/15/l

0ln5i l0ln 5/l

0ln5n

0l/15/l

0|rslt0l/15/l

0l/15/l

9.000/0

9.00%

9.OOo/o

9.00%

9.00%

9.000/.

9.000/.

9.OOo/o

9.000/.

9.000/0

9.00o/¡

9.00%

9.000/0

0.00%

0.00%

24,66

24,66

24,66

24,66

24,66

25,22

25,22

25,22

3r,33

31,33

3t,33

s( $( s3 639 242

s0 $0 s327 442

2009 Page25

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Low-Incom. ,using Tax Credit Application For Reservation

C. Building-by-Building InformationQualified basis must be determined on a building-by building basis. Complete the section below. Building street addresses are required by the IRS (must have them by the time ofallocation request).

Build

ing #

Qualitied Bæis Totals (must agree with Vlll-Al0)

Credit Amount Totals (must agree with VIII-A-I2)

t7

l8

l9

z0

25

27

28

29

3l

t2

NUMBERÔF

Streel

Add¡ess

30o¿ Prese¡t Value

Credit fôr Acouisìtio30% Present Value

Credit for Construction 700% Present Value CreditTAX

CREDf

LNITS

VARKE'I

RATE

IJNITS Estimate

Qualiñed

Bæis

Actual or

Anticipated

In-Service

Date

Applicable

Percentaae

Credit

Estimte

QualifiedBasis

Actual or

Anticipated

In-Service

Date

Applicable Credit

Amount

Estimate

Qualified

Basis

Actual or

Anticipated

In-Se¡vice

Date

Applicable C¡edit

$(

$(

$(

$(

$($(

$(

$(

$(

s(

$(

$(

$(

$(

$(

st

0.00%

0.006/a

0.00%

0.000/"

0.00%0.00%

0.000/"

0.000/"

0.00%

0.000/a

0.000Á

0.000/a

0.000/a

0.000¿

0.00%

0.00%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

{n

0.00%

0.000/0

0.000/0

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

o.o0%

o.o0%

0.00%

0.00%

0.00%

o ôoo/

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

$0

$0

$0

$0

$0

$0

$0

$0

$0

s0

$0

$0

$0

$0

$0

0.00%

0.00%

0.00%

0.007

0.00ôl

0.009

0.007

0.0041

0.000r

0.000r

0.00%

0.0001

0.00?

0.00or

0.009

0.000r

$( s( $0

s0 $0 $

2009 Page25 (2)

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Tax Credit Application For Reservation

Building-by-Building InformationQualified basis must be determined on a building-by building basis.

allocation request).

@Complete the section below. Building street addresses are required by the IRS (must have them by the time of

Build

ing #

35.

36.

37.38.

39.

40.

41.

43.

44.

45.

46.

47.

48.

Qualitied Bæis Totals (must ag¡ee with Vlll-410)

Credit Amount Totals (must agree with VIII-A-12)

NUMBER

OF

Street

Add¡ess

30% P¡esent ValueCredit for Acdrisitiôr

30% Presmt Value

Credit for Construction 70% Presmt Value CreditTAX

:REDI:

TINITS

RATE

UNITS Estimale

QualifiedBasis

Actual or

Afficipated

In-Se¡vice

Date

Credit

Estimate

Qualified

Bðis

Actual or

Anticipated

ln-Se¡vice

Date

Applicable Credit

Amounl

Estimate

QualifiedB6is

Actual or

Anticipated

In-Service

Date

Credit

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

$(

0.00%

0.00%

0.00%

0.00%

0.00%0.00%

0.00%

0.00%

0.00%

o.oo%

0.00%

0.00%

0.00%

0.00%

0.000/.

0.000/o

$(

$(

$(

$(

$(

s(

$(

$(

$(

$(

$(

$(

$(

$(

$(

s(

0.007

0.007

0.0001

0.00or

0.0001

0.007

0.00or

0.00?

0.000r

0.0001

0.00?

0.007

0.00%

0.00?

0.00%

o oool

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

s0

$0

$0

$0

$0

$0

s0

$0

$0

$0

$0

$0

$0

$0

$0

$0

0.0070

0.00%

0.00%

0.00%

0.0070

0.00%

0.00%

0.00%

0.00%

0.000/o

0.00%

0.00%

0.00%

0.00%

0.000/ô

$t

I

Ito$( s0 J:0

2009 Page 25 (3)

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Low-Income Housing Tax Credit Application For Reservation

D. Determination of Reservation Amount Needed

l. Total Development Costs (from VIII-A5, Column A page 20)

2. Less Total Sources ofFunds (from VIII-B7 page22)

3. Equals Equity Gap

4. Divided by Net Equity Factor (VIII-C7 page22)(Percent of l0-year credit expected to be raised as equity investment)

5. Equals Ten-Year Credit Amount Needed to Fund Gap

Divided by ten years

6. Equals Annual Tax Credit Required to Fund the Equity Gap

The Maximum Allowable Credit Amount(from VIII-A I 2-combined figure)

(This amount must be equal to or more than 6 above)

Reservation Amount (Lesser of 6 or 7 above)

$5, r37,849

s2,649,s39

$2,488,310

75.99o/o

s3,274,420

l0

s327,442

7.

8.

s327,442

Credit per UnitCredit per Bedroom

12,594

5,550

3f% PV Crdil

E. Attorney's Opinionn Aftached in Mandatory TAB W)

following calculation of the amount of credits needed is substantially the same as the calculation which will be made byto determine, as required by the lRC, the amount of credits which may be allocated for the development. However,at all times retains the right to substitute such information and assumptions as are determined by VHDA to be reasonable

the information and assumptions provided herein as to costs (including development fees, profits, etc.), sources for funding,equity, etc. Accordingly, if the development is selected by VHDA for a reservation of credits, the amount of such

reservation may differ significantly from the amount you compute below.

Conbinql 30% & 7trlo PV Credit

If you incur the error message that your reservation amount is notthe equity gap amount you may use the goal seek function within the

to eliminate the error message. To use the "Goal Seek" functionthe curser box on cell V28. Using the mouse arrow, point and click

ools" on the top line and then click on the "Goal Seek" option. A box wiwith the V28 cell shown in the top space, place the cursor in the mi

and type in the new amount that you want the equity gap to be whichthe reservation amount below, then place the cursor in the bottom space and

bottom of the page click on page 22 Then place the cursor on cell Nl

Deferred Developer Fee) and click on'OK". A message should then appearsolution has been found and ifthe amount is correct click "OK'. Ifthenow equal the error message will disappear.

2009 Page26

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Low-Income Housing Tax Credit Application For Reservation

2.

4.

F. Statement of Owner

he undersigned hereby acknowledges the following:

l. that, to the best ofits knowledge and belief, all factual information provided herein or in connection

herewith is true and correcto and all estimates are reasonable.

that it will at all times indemnifr and hold harmless VHDA and its assigns against all losses, costs,

damages, VHDA's expenses, and liabilities of any nature directly or indirectly resulting from, arising out ofor relating to VHDA's acceptance, consideration, approval, or disapproval ofthis reservation request and

the issuance or nonissuance of an allocation of credits, grants and/or loan funds in connection herewith.

that points will be assigned only for representations made herein for which satisfactory documentation is

submitted herewith and that no revised representations may be made in connection with this application

once the deadline for applications has passed.

that this application form, provided by VHDA to applicants for tax credits, including all sections herein

relative to basis, credit calculations, and determination of the amount of the credit necessary to make the

development financially feasible, is provided only for the convenience of VHDA in reviewing reservation

requests; that completion hereof in no way guarantees eligibility for the credits or ensures that the amount

of credits applied for has been computed in accordance with IRC requirements; and that any notations

herein describing IRC requirements are offered only as general guides and not as legal authority.

that the undersigned is responsible for ensuring that the proposed development will be comprised of

qualified low-income buildings and that it will in all respects satis$ all applicable requirements of federal

tax law and any other requirements imposed upon it by VHDA prior to allocation, should one be issued.

that, for the purposes of reviewing this application, VHDA is entitled to rely upon representations of the

undersigned as to the inclusion ofcosts in eligible basis and as to all ofthe figures and calculations relative

to the determination of qualified basis for the development as a whole and/or each building therein

individually as well as the amounts and types of credit applicable thereof, but that the issuance of a

reservation based on such representation in no way warrants their conectness or compliance with IRC

requirements.

that VHDA may request or require changes in the information submitted herewith, may substitute its own

figures which it deems reasonable for any or all figures provided herein by the undersigned and may reserve

credits, if any, in an amount significantly different from the amount requested.

that reservations of credits are not transferable without prior written approval by VHDA at its sole

discretion.

5.

7.

2009 Page27

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Low-Income Housing Tax Credit Applieation For Reservation

9. that the requirements for applying for the credits and the terms of any reservation or allocation

thereof are subject to change at any time by federal or state law, federal, state or VHDA

regulations, or other binding authority.

10. that reservations may be made subject to certain conditions to be satisfied prior to allocationand shall in all cases be contingent upon the receipt of a nonrefundable application fee of

$500 and a nonrefundable reservation fee equal to 7o/o of the annual credit amount reserved.

11. that a true, exact, and complete copy of this application, including all the supporting

documentation enclosed herewith, has been provided to the tax attorney who has provided the

required attorney's opinion accompanying this submission, and

12. that the applicant has provided a complete list of all residential real estate developments in

which the general partner(s) has (have) or had a controlling ownership interest and, in thecase of those projects allocated credits underSection 42of the lRG, compfete information on

the status of compliance with Section 42 and an explanation of any noncompliance. The

applicant hereby authorizes the Housing Credit Agencies of states in which these projects are

located to share compliance information with the Authority.

L3. that the information in this application may be disseminated to others for purposes of

verification or other purposes consistent with the Virginia Freedom of lnformation Act.

However, all information will be maintained, used or disseminated in accordance with the

Government Data Collecticn and Dissernination Practices Act. The applicant may ¡'efuse to

supply the information requested, however, such refusal will result in VHDA's inability toprocess the apptication. The original or copy of this application may be retained by VHDA,

even if tax credits are not allocated to the applicant.

In Wiûress Whereof, the undersigned being authorized, has caused this document to be executed in its

Legal Name of Owner:

,-.o- t<*)Y(*i

(Title)

By:

Its:

2009 Page28

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2OO9 LIHTC SELF SCORE SHEET:

worksheet is intended to provide you with an est¡mate of your applicat¡on score based on the selection criteria described in

. Most of the data used in the scoring process is automatically entered below as you f¡ll in the application. Otherbelow in the green shaded cells, are items that are typically evaluated by VHDA's staff during the application reviewanalysis. For purposes of self scor¡ng, it will be necessary for you to make certain dec¡sions and assumptions about

and enter the appropriate responses in the green shaded cells of this score sheet. All but two requ¡re yes/nowhich case enter Y or N as appropriate. ltem 2b pertaining to the Local CEO Lefferwill require one of the following responses:the letter ¡ndicates unconditional support; N - the letter indicates opposition to the project; NC - no comment from the local¡ty,

other response which is neither unconditional support nor opposition. ltem 5e1 requires a numeric value to be entered.

that the score¡s

only an est¡matebased

on theselection criteria using

thereservation application data and

you've entered on this score sheet. VHDA reserves the right to change application data and/or score sheetappropriate, which may change the flnal score.

MANDATORY ITEMS:

a. Signed, completed applicationb. Duplicate copy of applicationc. Partnership agreementd. SCC Certificatione. Previous participation formI Site control documentg. Architect's Certificâtionh. Attorney's opinioni. Nonprofit questionnaire (if NP)

1. READINESS:

a. Plan of developmentb. Zoning approvalTotal:

HOUSING NEEDS CHARACTERISTICS:a. VHDA notification letter to CEOb. Local CEO letterc. Location in a revital¡zation aread. Location in a Qualifìed Census Tracte. Sec I or PHA waiting list preferencef. Subsidized funding commitmentsg. Exist¡ng RD, HUD Section I or 236 programh. Tax abatement or new project based rental subsidy (HUD or RD)i. Census tract wilh <10o/o poverty rate, no tax credit unitsj. Development listed on the Rural Development Rehab Priority List

Total

3. DEVELOPMENT CHARACTERISTICS:

YorNYorNYorNYorNYorNYorNYorNYorNY, N, N/A

0or400or40

Score

-õ-0000

0

0

0

0.00

40.0040.0080.00

100.0044.9250.00

0.000.00

10.0030.0025.006.92

20.00286.85

15.0015.00

30.00

0.0010.000.000.000.000.000.00

10.0020.00

-6.45

(Y,NC,N)

1 x units

42.31o/o

rN

7.70%N

-

N

N

0 or -50 0.000 or 25 or 50 50.000 or 30 30.000 or 5 0.000 orí0 10.00Up to 40 15.390 or 20 0.000 or 10 10.00Oot25 0.000 or 15 0.00

-i.ìffi'

Up to 100Up to 600or500or300or150,10or200or300or25Up to 15

Up to 20

0or15Up to 15

0or500orl00 or -500 or -150or-x0 or -10O or -250or10

Up to 180Up to 75

a- Un¡t sizeb. Amenities

(See calculat¡ons below)

(See calculat¡ons below)

c. Project subsidies/HUD 504 accessibility for 5 or 10% of unitsor d. HCV payment standard/HuD 504 accessib¡lity for 5 or 10% of unitsor e. HUD 504 accessibility for 4% of units

f. Proximity to public transportationg. Development will be Earthcraft or LEED certifiedh. VHDA Certified Property Management Agenti. Units constructed to meet VHDAS Universal Des¡gn standardsj. Developments with less than 100 units

Total

4. TENANT POPULATION CHARACTERISTICS:a. <= 2Oo/o of un¡ts hav¡ng 1 or less bedroomsb. Percent of units with 3 or more bedrooms

Total

5. SPONSOR CHARACTERISTICS:a. Developer exper¡ence - 3 developments with 3 x units or 6 developments with

or b. Developer experience - I development with I x unitsc. Developer experience - uncorrected major violationd. Developer experience - noncompliance

e1. Developer experience - did not build as representede2. Developer experience - term¡nation of credits by VHDAf. Management company rated unsatisfactoryg. LEED accredited design team member

Total

6. EFFICIENT USE OF RESOURCESa. Credit per unitb. Cost per unit

N

N

Y10

46o/o

2009

lf #N/A or #REF! appears ¡n the score column of these pointcategories check spell¡ng of Clerk's Off¡ce on pg L lt must match

exactly with the Jurisdict¡on names l¡sted ¡n the Appl¡cation Manual.otal

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7. BONUS POINTS:a. Units with rents at or below 40% of AMI

b. Units with rent and income at or below 50% of AMI

c. Units with rents at or below 50% rented to tenants at or below 60% of AMI

d. Units in Low lncome Jurisdictions with rents <= 50% rented to tenants with <= 60% of AMI

e. Extended compliancef. Nonprofit or LHA purchase optiong. Nonprofit or LHA Home Ownersh¡p option

Total

500 Point Threshold - 9% Credits

475Point Threshold - Tax Exempt Bond Cred¡ts

-Un¡ts¡r+Cal€ulatþflÊ+

10.000.000.00

50.000.00

60.000.00

120.00

647.67

orlr

oror

--High€q=Ft--J€ÐRM

-t#€q#t--J€ÐR[a--P€þ€I€S-F{--J€ÐR$

-P€snlag€€f!åit€-+eiFl€fer€€Cfoem

-High€q#t-l€ÐRf4-t#€q-Et--J€ÐR[a-+reie€tsqFt--J€ÞRÀ4-+€rcânle€€€f{€*s--P€ints+€r€€drcem

-High€qFg-BÐRl¡-te*S+Fl,-+BÐR[a-+€ie€tSqFLl€ÐRM-+€f€åAtage€f!flls

-PêiÊtep€+€€C€€m

-r+gh€+f'r-lgEìR¡¡--têflSq+g-cÐR$+r€tê€ts+Fl.€ÐRtr4

-F¿âr€ênleg€€fuflits

-+€iFls"€Êg€Cæm

Amen¡ties:A+{Jn¡t€-hâve:

e'#eF+€etå{€€#€¡-eemmuf,iq*eemc. Brick Walls

@€=-lÀlind€v'¡ÈEf,€{gy€tâ+f, HeaUAC SEER AFUEgl'sub.met€{€d-wet€rexp€å€€ffi

A{-€ld€dy-tinit€+€v*€-Ff€ßt-€€n{+êt{€ng€€b-Em€fg€n€y€âll€y€{€m@C=-+#e€yevie¡i¡er€

@ b--*l¡€þfre€tru4u{€

1 ST EtÞ EFF 1 ST EtÞ 1 BÞRM 1 ST EtD 2 BDRM

((

(

0-00e1

o3{

(

(

0so90.0{

I

I

qg09

os¡

Up to 10Up to 50Up to 25Up to 5040 or 500or600or5

lfyou do not rece¡ve a numeric point value

¡n the unit s¡ze calculat¡ons, please

check the values entered on p¿ge 8, Cl.These must be whole number numeric

values only. Also check page 7, ¡tem 3,

the number of un¡ts must be e¡ther new,

adapt or rehab only. Comb¡nat¡ons donot calculate coÍectly.

12o/o

50o/o

lOOo/o

1O0o/o

Years

N

TOTAL SCORE:

1sqso%

0.ïQo/o

1€€95300.00osg+00osg9€S&0e909oJo

20=ooetâl

+€lal

0€ee¡ooseosooJo

o€o

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ConstructionAssisled Lvgl-Sty-Eff-Eldr-sty IBR-Eld

' 2BR-Eld.ld

0.00 sF0.00 sF

--i.õõ'sr-----¡¡o-'sn0.00 sF

3-Bdm Gd4-Bdm Cã2-Bdrm TH3-Bdrm TH4-Bdrm TH

t.377.020.00

0.000.00

lBdmEld 0.00 SF

2BdrmEld .]ttEff-Gù 0.00 SF

l-Bdmcù 0.00 SF

2-Bdm cr-liõTãsr

0.00

SF

SF

SF

SF

SF

Assisted Lvgl-S!y-Eff-EIdl-Sty IBR-Eldl-Sty 2BR-Eld

Eff-Eld

O,OO SF

--ìlõs¡-------îõõ-sr

------lõõ's¡

lBdm Eld2Bdrm Eld

Eff-GÙl-Bdrm Gu2-Bdm Gd

0.00 sF

0.00 sF------õiõ-srO,OO SF

3-Bdm Cù4-Bdm Gù2-Bdm TH3-BdmTH4-Bdm TH

SF

SF

SF

SF

SF

Assisled Lvg 0.00 SF

l-Sly-Eff-Eld 0.00 SF

l-Sty IBR-Eld 0.00 SF

l-Sty2BR-Eld 0.00 SF

Eff-Eld 0.00 sF

lBdm EId

2Bdm EIdEff.GÙl-Bdm Gd2-Bdrm Gù

0.00 sF

-õ.õõ-sr.00 sF........ffisr

981.37 SF

3-BdmGd I,186.654-BdmGù 0.00

2-BdmTH 0.00

3-Bd.mTH 0.00

SF

SF

SF

SF

L¡st Totål Units By Bedrmm TlTe:

SilI BR.ELD

0 0 0

No..: Pl.1ç b !üE toGnt.r lhô trunhr dunili ir th€ Total Sq. Ft. By Type

Total NC Unitsl

TTt--t

Assisl€d Lvgl-Sty-Efl-Eldl-Sty IBR-Eldl-Sty 2BR-EldEtr-EId

lBdm Eld2Bdm Eld

Eff-Cãl-Bdm Gr2-Bd¡m Gü3-Bdm Cd4-Bd.m Ct2-Bdm TH3-Bdm TH4-Bdm TH

qild lúl: 28,781.S

om om 0mo.m o.æ 0.æom om om0.m 0.æ 0.æ

omom o.æ o.æ

0.m o.æ

ôm om omo0

om 593ã

0.æ 0_æ

0.m 0.æ

0.æ 0.æ

2BO RM.GAR AD RM-IH 4 BD RM.TH

6 6 0 0 0 o

0 0 0

4 BO RM,GAR 2BD RM.IH 3 BD RM.TH 4 AD RM.TH

0 0 0 o 0 0

5 0 U 0 0

1 SIYI BR.ELD I 1 51Y.2BR-ELD

0 0 il 0

D¡stribution ofCosts By Constûction Type:

Ntrtudrctiø &ftRæ 89bêþ

læìî-1f ------¡-------ll- i-rjj-:¡-]

t-õ-lr-æ-ã_-_lT-----õ,-----]r--iî¡õ-l

T--ãT-l t-õ'-l T-€-ø-æ---]

l-Æ.:l-1f--'-lf

iJi-ET6F-]

92Øß S 52.517.96

ap.oFR6 Ld

-¡L99.19]---------19- -115q@-

Nd [email protected] S Szffi,æ7

Marimum I)eveloper Fee Calcr¡latior

Totâl owner & Conlnctor C6t (Bü¡¡)

Conrråctor Cßt:

New Consrnctiod $1,ffi.711 51.ffiAR / Rch¡b ¡1,€1.S7 €.ffi

¡2,m.218

¡1 .æg,ffi 1327 ,W N* Cond. @ e

¡1.575,ffi S3S,æ7 R#b @ ã%

s1.61,7æ _-__-¡19ÞJf9_BdqAq.@ lffi

Sæ.S No lMlvof lddd

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ERROR-Tol.l Co3t3 Oo Not Age To Page 19

I¡islributior ofCredits Requested By Co¡st. Type

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T-Gffi----]

D¡ilr¡butior of TCAP Requesterl Bv Const TvoeI

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lN*cdrudM MdæRæ Rfrb I

l-----o------l

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TYPE OF PROJECTLOCATIONTYPE OF CONSTRUCTION

$/sF= l::@ cred¡ts/sF = @const trunit = f-5ì1"5-ãã-lFAMILY = 11000; ELDERLY = 12000

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8/8/2019 Mill Run - 2009 VA

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vs¡=|Effil credits/sF= @const$runit= f'.-..fifitõi-lTYPE OF PROJECTLOCATIONTYPE OF CONSTRUCTION

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8/8/2019 Mill Run - 2009 VA

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$/SF = I 3163.751'- credits/sF = l-5îFlconst $run¡t = f-5100-iõs-lTYPE OF PROJECTLOCATIONTYPE OF CONSTRUCTION

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Un¡t Size Calculations:

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMPoect Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoinis per Bedroom

Hish Sq.Ft. / BDRMLow Sq.Ft. / BDRM

Project Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

1 BDRM E-2 BDRM0

00000.00 0.00 0.00 0

0.00% 0.00% 0.0070 0

(Prorate

0 0 1,050 11

00840f0.00 0.00 1,108.42 1,377

0.00% 0.00% 50.00% 50

F.4 BDRM-G F-2 BDRM.TH F-3 BDRM-TH F-4 BDRM-0

0000.00 0.00 0.00 0

0.00% 0.00% 0.00% 0

000

ST ELD-I BDRM 1

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Amenit¡es:

All units have:a.

b.

c.

d.

e.

f.

g

h.

¡.

J.

All elderly units have:

b.

c.

d.

All rehab or adapt¡ve reuse un¡ts have:a. H¡storic rehab

Total

Number of 2-Bedroom New Constr. Units With 1.5+ BathroomsNumber of 3-Bedroom New Constr. Units With 2+ Bathrooms

1.5 or 2 Baihrooms

Community Room 749 SF

Brick Exterior WallsKitchen/Laundry Appl.-Energy Star

Windows-Energy Star

HVAC/SEER/HSPF/AFUE

Sub-metered water

Lowflow showers and faucets

High speed internet ¡nfrastructure

Water Heaters-Energy Star

Total

Front-control ranges

Emergency call sys.

Suppl. heat source in baths

Two eye viewers

Total

Total Amen¡ties Points: 21.2

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Unit Size Calculat¡ons:

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

Hish Sq.Ft. / BDRMLow Sq.Ft. / BDRM

Project Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

L 1 E.2 BDRM

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l--'õ-l (Prorate

'ities:

units have:e.

Number of 2-Bedroom Adaptive Reuse Units With 1.5+ BathroomsNumber of 3-Bedroom Adapt¡ve Reuse Units With 2+ Bathrooms

elderly un¡ts have:a. Front-control ranges

b. Emergency call sys.

c. Suppl. heat source in baths

d. Two eye viewers

rehab or âdaptive reuse units have:a. Historic rehab

L5 or 2 Bathrooms

Community Room 749 SF

Brick Exterior WallsKitchen/Laundry Appl.-Energy Star

Windows-Energy Star

HVAC/SEER/HSPF/AFUESub-metered water

Lor,vflow showers and faucets

High speed internet infrastructure

Water Heaters-Energy StarTotal

Total

TotalF

b.

d.

e.

f.

s.h.

i.

J,

Total Amenities Points:

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Unit Size Calculations:

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnìtsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRMProject Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

High Sq.Ft. / BDRMLow Sq.Ft. / BDRM

Project Sq.Ft. / BDRMPercentage of UnitsPoints per Bedroom

LVG IE-EFF IE.I BDRM

00000.00 0.00 0.00 0.00

0.00% 0.00% 0.00% 0.00%

0000

000

0 625 900 10000 500 675 800

0.00 757.19 981.37 1,186.650.00% 28.57o/o 35.71o/o 35.71o/o

0 28.57142857 36 35.71428571

F-4 BDRM-G F.2 BDRM.TH F-3 BDRM-TH F.4

00000.00 0.00 0.00 0.00

0.00% 0.00% 0.00% 0.00%

0000

000

000000

0.00 0.00 0.000.00% 0.00% 0.00%

l¡e"B-4-îE¡gl(Prorate

'ties:

units have:a.

b.

Number of 2-Bedroom Rehab Units With 1.5+ BathroomsNumber of 3-Bedroom Rehab Units With 2+ Bathrooms

c.

d.

e.

f.

g.

h.

i.

J-

1.5 or 2 BathroomsCommunity Room 749 SF

Brick Exterior WallsK¡tchen/Laundry Appl.-Energy StarWindows-Energy Star

HVAC/SEER/HSPF/AFUESub-metered waterLowflow showers and faucets

High speed internet infrastructureWater Heaters-Energy Star

Total

have:a. Front-control ranges

b. Emergency call sys.

c. Suppl. heat source in baths

d. Two eye v¡ewers

rehab or adaptive reuse un¡ts have:a. Historic rehab F

Total Amenities Points:

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TAB A(Documentation of Development Location)

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TAB A. 1(Qualified Census Tract Certification)

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Quolified Census lrqçl Certificotion

Development Nome:Trocking #:

l.

2.

3.

x

X

Mill Run

2009-7-082

Generol lnslrucfions

. This Certificotion must be included with the Applicotion (by Applicotion Deodline.5/15/oe).

. The Owner/Developer completes Ihis Certificolion.

. Any chonge in this form moy result in o reduction of points under the scoring system. lfyou hove ony questions, pleose coll Jim Chondler ot VHDA (804) 343-5786.

Definition oi Quolified Census Troct

Pursuont to $a2(d)(5)(C)(ii) of the lRC, o quolified census troct is, "(l) Any census troctwhich is designoted by the Secretory of Housing ond Urbon Development ond, for

the most recent yeor for which census doto ore ovoiloble on household income insuch troct, either in which 50% or more of the households hove on income which is

less thon 60% of the oreo medion gross income (AMGI) for such yeor or which hos opoverty rote of of leost 25%. 11 the Secretory of Housing ond Urbon Developmentdetermines thot sufficient doto for <rny period ore not ovoiloble to opply this clouseon the bosis of census trocts, such Secretory sholl opply this clouse for such period onthe bosis of enumerotion districts. (ll) The portion of o metropoliton stotisticol oreo(MSA) which moy be designoted sholl not exceed on oreo hoving 20% of thepopulotion of such MSA. (lll) Eoch MSA sholl be treoted os o seporote oreo ond ollnon-metropoliton oreos in o Stote sholl be treoted os one oreo."

Census Trocl #(s):

5t 001 9908

To determine fhe development's census troct. go to hltp://mop.sbo.gov/hubzone/inii.osp ondput in ïhe development oddress or county. The census troct number will be reveoledofter pressing the "seorch" butlon. On o rore occosion, when o development sponsmore lhon one census troct, Ihis website moy show incomplete informotion. lF thesubject development is ocross census lrocts, pleose list eoch census troct by numberond provide supporting documentotion.

Attoch o mop showing census troct boundories ond the development's locoiionl

4. [egol Descriplion

X Attoch o copy of the development's legol description; Ihe legol description shouldcorrespond to the site conlrol documenl in the Applicotion.

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HUBZone Locator http://map.sba.gov/hubzone/hzqry.a

ffiBA-r IMrptitude fu thÉ'$r€b

H U BZone3.60.0O

Progra m

US.Map Helu

DETERMINATION OF WHETHER AN ADDRESS IS IN A HUBZONE

35409 Mill Run Lane, Belle Haven V^r 23306 is located in Census Tract " 51001990800 " which IS HUBZonequalified. This census tract will remain eligible for HUBZone participation at least until June l,20ll.

frotrd Ietrd Iþràrfry f:lnÆ tuûll*ry b I ftrrùr¡Frrr¡uPû#er€dbt llÐtit¡dllx thc lf¡b-Ð CS¡

BASIS OF HUBZONE DETERMINATION

Address-Town-CountySearch

Text-0nlvYersion

Is the address located in a Metropolitan Area?

Is the address located in a qualified or redesignated census tract?

Is the address located in a BRAC Commission-closed formermilitary base?

Is the address located in a Dfficult Development Area?

Is the address located in an Indian Country areø?

YES

YES

NO

NO

NO

The map below sholvs the relationship of this address (marked with a star) to qualified HUBZone areas. Belolv the map,you may find information on why the address lvas found to be in a HUBZone Area.

Now click on the map to zoom inHovi to navigate?

d:í'

User can define zoom in/outor move display area byclicking on the map withthe mouse after selecting a

tool above.

HUBZoneStatus

Zoorn Out

Recenler

+, Zoorrr lrr

5lrzl09 9:39 A

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HUBZone locator htç ://nnap,sbagov/hubzonel.hzqr¡r ;

If ltaar firrnis principal ffie ls lacøødtn thís area which is qualified as s HUBZone (Prinaípal ølfiee medns tkc lacøtia¡twhere the greatest number of the concern's employees at any one tocøtion perþrmtheir work.,l 3 CFR PART 126.103),you&re eneoareged ø apply far the HABZane Emp.owerment Cantrãetiry Frogrøm,

You rnay apply now f,orHUBZone Certificatíon

mter an ADDRESS,TOWN ÕT COUNTY to Search

Address (include ei.ther City & State or ZIP Code - omil øddress

tú zoom.tnøp ta ø cí,ff ar ZIP eade ø*a)

Ë.!r!!t!f!g

2 SlIYAq 9;39A

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n)ilIIBITA

DBSCRIPTION OF REAL ESTATE

All that certain tract or parcel of land situaæ near Shield's Bridge, in the Town of Belte Haven,

Pungoteague Magisterial Disfrict, Accomack County, Virgini4 contaíning in the aggregate, L4 acres, as

shown on a cerf¿in plat of survey entitled, "Various Parcels of Land Surveyed at the Request Of the

Accomack-Northampton Housing Authority. Located near Shield's Bridge, Town of Belle Haven,

Pungoteague Dishict, Accomack County, Virgini4" dated November 21, 1995, revised on February 27,

1996, and made by Shore Engineering Co., fnc., to which plat express reference is made for a more

particular description of the properly herein conveyed. Said taot or parcel of land is bounded generally

ontha Northea,sf by the land of John H. Duer, III, and the land of Gilinda Phillippe, as shown on said plat;

onthe South eastby the land of Catherine Dunton Mapp and the land of Paul F. Garner, as shown on said

plat; on the Southw,esf by State Route 178 and various lot properties, as shown on said plat; and on the

Norlhwest by the land of John H. Duer, IIf, as shown on said plat.

And Being all of the same property conveyed to Accomack-Northampton Regional Housing

Authority by Deed of Gift from Accomack-Northampton Housing and Redevelopment Authorþ, dated

March l, 1996 a¡rd recorded in the Office of the Clerk of Court of Accomack County on March 28ù,

1996, as Inst¡ument Number 960001268, Deed BookTL2,Page lL3.

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Mill RunApartrnents,LLC

Mill Run Development CorporationManaging Member

Accomack-Northharnpton RegionalHousing Authority

Elaine MeilExecutive Director

Accomack-Northhampton RegionalHousingAuthorþ

Elaine MeilExecutive Director

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TAB 4.2(Revitalization Area Certifi cation)

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TÛ1ryN OF tsET,LE TTAVENREVITALIZATION AREA CERÏI FI CATION

April24,2009

Jim ChsndlerVkginio Housing Development Authorityó01 Soulh Belvidere SkeetRichmond, Virginic 23220

2009-z-ag2

MillRunTown of ßelle HovenMIIIRun, LLC

Deor Mr. Chondler:

I certify thot the cbove-referenced development is locoted in q Revitolizotion Areo inmy jurisdiction. A "revitolization crec" is any CIreo thct is (i) either (1) blighfed,deterioroied, deierÌoroting or, if noT rehcrbilitoted, likely to deterlorcle by rec$on thofthe buildings, improvements or ofher fqcilifies in such oreo ere subjecl to one Õr more

of the following condilions- dilopidotion, obsolescence, overcrowding, incdequoteventilotion, light or sqnitotion, excessive lond coveroge, deleterious lond use, ôr foultyothewise inadequole design, quolity or condition, or {2} the industricl, commerciol orother economÍc development of such oreo will benefit ïhe city or counfy but suchorèo lccks ihe housing needed to induce msnufccluring, industrial, commorciol,governmentol, educotionol, entertoinmenl, community development, heolthcqre ornonprofit enferprises or undertqkings to locote or remoln in such creo; ond {ii) prívafeonterprise ond investment ore not reosonobly expected, wiihout ossistonce, toproduce the construction or rehsbiliTotion of decent, sÕfe ond sonltqry housing ondsupporfing focitities fhat will meel the needs of low qnd moderote income persons ondfomilies in such oreo qnd will induce other persons ond fomilies to live wilhin such qreo

ond thereby creofe o desiroble economic mix of residents in such treo.

VHDA Trocking Number:

Development Nome:Developmenl Jurisdic'tion :

Name of Owner/AppliconT:

PO BOX 238Belle Haven,,VA 23306

(757)442-s}n r,,

(757)442'6L48,: ',, ;

townof bell ehavpn@v$ri z on. net

PHONE

F.AX

E-MA'L

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Revitolizotion Areq CertifiestePage 2

I under¡tand thqt this Çertification wilÌ be used by the Virginio Housing ÞevelopmentAufhority to determine whether the devetopment quolifies for points ovoitoble underVHDA's Quolified Allocstion Plan"

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Location Map

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System http://maps.ffi ec.gov/FFIECMapperÆGMapSrv.aspx?street_add..

{qqûtrEt.rttO

Legend

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Surveyor' s Certification of ProximityTo Public Transportation

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RE:

Apnl29,2ûA9

To Whom It May Concern:

VHDA Surveyor's Certification of Proximity to Transportation forMill Run Ðevelopment at Belle Haven, Accomack County, VirginiaMDA Project No" 09.022

Dear Sir or Madam:

Attached please ñnd the signed VHDA Surveyor's Certification of Proximity to Transportationletter for the Mill Run Development project. Should you have questions, please contact me atyour convenience. Thank you.

Very truly

MASSEY DESI

CElWdms

Attachments

David Annis, ANPDLBill Deal, Pentecost Deal Architects

lvtÂ\SllY l)ljsl(;N ANI) Â$S{r('1,4 ll S. P('I J6l llrrdrrxil Roal. Suitc 20¡l

Virginur llrach. V,\ :ì455llhrrnc t 751¡ {f¡l-ttúll

ta¡ {?5?} lt,t-9226

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UIDJI

RE:

Surveyor's Certlfication of Proximlty to Transportation

(This Form llust be lncluded Wth Appflcaüon - TAB A]

(This Letter muet be Submitted Under Suweyor's Corporate Letterhead - Any change in thisform may rcsult in a reduction of poinb under the scoring system.f

TO:

DATE: April29, 2009

Mrginia Housing Development Authority601 South Belvidere StreetRichmond,VA 23220-6500

2009 Tax CreditReservation RequestName of Development MillRun Development

Name of Owner: MillRun, LLC

Gentlemen:

ThÍs letter is submitted to you in support of the Ourner's þplication for Reseryation of l-owlncome Housing Tax Credits under Section ,42 of the lntemal Revenue Code of 1986, as amended.

Based upon due investigation of the site and any other matters as it deemed necessary this firmce¡tifies that: the main street boundary entrance to the property is within:

tr 2,æA feet or Yz mile of the nearest access point to an existing commuter rail, light rail

'or subway station; ore 1,320 feet or % mile of the nearest eccess point to an existing public bus stop.

ïhe latitudes and longitudes in decimalformat (ex: -77,452788138.77987) are as follows:

Latitude LongitudeMain Street Boundarv Entrance to Prooertv 75.8228 W 37.5547 NTransoortation Access 75.8256 W 37.5542 N

Title

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Tab B

P artnership or OperatingAgreement

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OPERATING AGREEMENT

OF

MILL RUN APARTMENTS, LLCTHIS OPERATING AGREEIVIENT, dated as of Ma¡ch 5,2009, by and among Mill

Rr:n Development Corporation, a Virginia corporation (the "Managing Member"), Accomack-Northampton Regional Housing Authority, a political subdivision of the Commonwealth ofVirginia (the "special Membef), who by their execution of this Operating Agreement have

become members of Mill Run Apartuents, LLC, a Virginia limited liability company (the

"Compâny"), provides as follows:

RECITALS:

The undersigned parties have caused the Company to be organized, as a limited liability

company under the laws of the Commonwealth of Virginia effective as of the date hereof andthey wish to enter into this Operating Agreement to set forth the terms and conditions on whichthe management, business and financial affairs of the Company shall be conducted.

AGREEMENT:

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises,

covenants and conditions herein contained, the receþ a¡rd sufüciency of v¡hich are herebyacknowledged, the parties do hereby covenant and agree as follows:

ARTICLE IPURPOSES ANp q9\\ipRs OF CpMPA\rv

1.1 Purposes. The purposes of the Company are to:

(a) Acquire, develop, own, manage, operate, bu¡ sell, exchange, finance,refinance, and otherwise deal with real esúate and personal property incidental to real estate, as

the Members may from time to time deem to be in the-beit interests of the Compan¡ inparticular, to acquire certain real estate in Accomack County, rehabilitate the existing buildingsthereon, construct six new duplexes and operate thereon an affordable housing project to beknown as Mill Run (the "Projecf'); and

(b) Engage in such other activities as are related or incidental to the foregoingptqposes, or othenvise reasonably necessary to accomplish the purposes of the Company and to

do all such other acts or things except as may be specifically prohibited by this Agreement orstate or federal law.

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1.2 Powers. The Company shall have all powers and rights of a limited liabilitycompany organized under the Virginia Limited Liability Company Act (Virginia Code Sections

13.1-1000, et seq.) (hereinafter,. the *Act), to tLe extent such powers and rights are notproscribed by these Articles.

ARTICLE TINAMES A1TID ADDRESSES OF IMTIAL MEMBERS: PRII{CIFAI, OTTTCE

2.1 Names and Addresses of Initial Members. The names and addresses of the initialMembers are as follows:

Names and Addresses of Initial Members

MilI Run Development Corporation23372 Front StreetAccomack, VA 23301

Accomack-Northampton Regional Housing Authority23372 Front SteetAccomacþ VA 23301

2.2 PrinciÞal Office. The address ofthe initial principat office is23372 Front Stree!Accomack, VA 23301, provided that the business of the Company may be conducted at such

other places as may be detemrined by the Managing Member,

ARTICLE IUCONTRIBTITED CAPITAL AI\D CAPITAL ACCOTJNTS

3.1 Úritial Capital Contributions. Each Member, upon the execution of this OperatingAgreement, shall make as an initial Capital Contibution the amount shown on Exhibit A. whichis attached hereto and by this reference is made a part hereof.

3.2 Additional Capital Contributions. No Member shall be required to make anyCapital Contribution in addition to his kritial Capital Contibution. Nohvithstanding, theMembe¡s may make additional Capital Contibutions to the Company if such additional CapialContibutions a¡e made pro rata by all the Members or all the Members consent in writing to anynon'pro rata contibution.

3.3 Interest and Retum of Capltal Contribution. No Member shall receive any intereston his Capital Contribution. Except as otherwise specificaily provided for herein, the Members

shall not be allowed to withdraw or have refunded any Capital Contribution.

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ARTICLE TVALLOCATIONS OF PROFITS A}ID LOSSES

4.L Participation in Profits and Losses. All profits and losses of the Company will be

allocated to the Members in accordance with their respective interests.

ARTICLE VDISTRIBUTIONS OF CASH FLOW

5.1 Distributions of Cash Flow. All cash flow of the Company shall be distributed tothe Members at such times as the Members may jointly determine.

ARTICLE VIMANAGEMENT

6.1 Pg,Wers of Manager. Except as expressly provided otherwise in the Act, theArticles or this Operating Agreemen! the powers of the Company shatl be exercised by or under

the authority of and tle business and affairs of the Company shall be managed by the ManagingMember. The Managlng Member shall have complete charge of all affairs and business and

management and contol of the Company. The Managing Member shall have all the rights andpowers as are conferred by law or as it deems necessary, advisable or convenient in manging thebusiness and affairs ofthe Company.

6.2 Business Relationships with Company. The ComFany may enter into any conhac!agreement, lease or other arrangement for the furnishing to or by the Company of real estate,

goods, services or sp¿rce with any Member or any party or entity rvhich is related to or afñliatedwith any Member or which is directly or indirectly owned or controlled by the Members or by a

party or entity related to or affiliate with the Members.

6.3 Liriritatipn of Liability of Members or Managers. No Member or Manager of theCompany shall be liable for any a:nount in aproceeding brought by or on behalf of the Companyorthe Members ofthe Company.

6.4 Indgmnification. The Company shall indemniff and hold harrnless any Member andany parbrer, shareholder, direetor, officer, managemen! agenL affrtiate and professional or otheradvisor of the Members (collectiveþ the *Indemnified Persons') from and againsl any and allloss, damage, expense (including without limitation, fees and expenses of attomeys and otheradvisors and any court costs incurred by any lnderrnified Person) or liabilþ by reason ofanything any Indemnified Person does or refrains from doing for, or in connection with thebusiness or affairs of the Company (INCLUDING ANIY LOSS, DAMAGE, Ð(PENSE ORLIABILITY CAUSED BY OR ATTRIBIJTABLE TO THE ORDINARY OR SIMPLE

NEGLIGENCE, AS OPPOSED TO GROSS NEGLIGENCE, OF TIIE INDEMNIFIEDPERSON), except to the extent that the loss, damage, expense or liability results primarily form

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the Indemnified Person's gross negligence or willfi¡l breach of a material provision of this

Agreement which in either event causes achtal, material damage to the Company. The foregoingrights of indemnification shall not be exclusive of any other rights to which the Member may be

entitled. The Manager may take such action as is necessary to carry out these indemnificationprovisions and may adopt, approve and amend from time to time such resolutions or contacts

implementing such provisions or such fi.¡rther indemnification arrangements¿¡s

maybe pemritûed

bylaw.

6.5 Liability of Manaeer. No Manager shall be liable or accountable to the Company orto any of the Members, in damages or otherwise, for any error ofjudgment,'for any mistake offact or of law, or for any other act or thing that it may do or refrain from doing in connection withthe business and affairs of the Company, except for willful misconduct or gross negligence orbreach offiduciary duty.

ARTICLE VNDrssoLUTrQN ANp TERLTNATION

7.1 Events of Dissolution. The Company shall be dissolved upon the first to occur ofthe following:

(a) Any event that under the Act or the Articles requires dissolution of the

Compan¡ provided that the resignation, retiremenÇ expulsion, bankruptc¡ or dissolution of a

member or occrurence of any other event that terminates the continued membership of a member

in the Company shall not cause the dissolution of the Company;

Company;

the Ac! or

(b) The unanimous written consent of the Members to the dissolution of the

(c) The enûry of a decree ofjudicial dissolution of the Çompany as4rovided

in

(d) The occurrence of any other event described in the Act that causes an

involuntary termination of the Company.

7.2 Liquidation. Upon the dissolution ofthe Company, the Members shall wind up itsaffairs and dishibute its assets in accordance with the Act. A reasonable time shall be allowed forthe orderly liquidation of the assets of the Conpany and,the discharge of liabilities to thecreditors so as to minimize any losses attendant upon dissolution,

7.3 Distributions. Upon liquidatior¡ the Company assets (including any cash on hand)shall be sold or distributed in accordance with the Act.

7.4 No Recowse Against Members. Excep as provided by law, upon dissolutioq

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each Member shall look solely to the assets of ttre Company for any pa¡rments required or

allowed to be made to it, and no Member shall have any recourse against any other Member, and

no Member shall be required úo contribute properly. to makeup a deficit capital account upon

dissolution.

7.5 Non Profit Pruchase Option and Right of First RefusalAgreement. The Company

is expressly authorized to enter into an exclusive Nonprofit Purchase Option and Right of First

Refusal Agreement with Accomack-Northarnpton Regional Housing Authority, which is a

qualified nõnprofit organization under the provisions of Section 42 of the Internal Revenue Code

of 1986, as amended, which Purchase Option shall comply with the requirements of such Section

42.

8.1

ARTICLE VItrIVtrS CELLANE OUS PROVI SIOI.\S

Notices: Whenever, under the provisions of the Act or other law, the

Articles or this Operating Agreemen! notice is required to be given to any Person, it shail not be

construed to mean exclusively personal notice unless otherwise specifically provided but.suchnotice may be given in writing, by mail, addressed to the Company at its princþal office from

time to time and to any other Perso¡ at its address as it appears on the records of the Company

from time to time, with postage thereon prepaid. Any such notice shall be deemed to have been

given at the time ít is depositel in the United States rnail. Notice to a Person may also be given

personally or by telegrarn or telecopy sent to his address as it appears on the records of the

8.2 Application of Virginia Law. This Operating Agreement, and the interpretation

hereof, shall be govemed exclusiveþ by its terms and by th" laws of the Commonwealth ofVrgrnia, without reference to its choice of law provisions, and specificalþ the Act.

8.3 Amendments. No amendment or modification of this Operating Agreement shallbe effective except upon the unanimous written consen! of the Members.

8.4 Construction. Whenever the singular number is used in this Operating Agreement

and when required by the context, the same shall include the plural, and the masculine gender

shall include the feminine and neuter genders,'and vice versa..

8.5 Headings. The headings in this Operating Agreement a¡e inserted for convenience

only and are in no way intended to dóscribe, inlerpre! define or limit the scope, extent or intentof this Operating Agreement or any provisíon hereof.

8.6 Waivers. The failure of any party to seek redress for violation of or to insist upon

the strict performance of any covenant or condition of tbis Operating Agreement shall notprevent a subsequent ac! which would have originally constitu;ted a violation, from having the

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effect of an original violation.

8.7 Riehts and Remedies Cumulative. The rights and remedies provided by thisOperating Agreement a¡e cumulative and the use of any one right or remedy by uoy party shallnot preclude or waive the right to use any or all other remedies. Such rights and remedies a¡e

given in addition to any other righ-ts theparties

may have by law, statute, ordinanceor otherwise.

8.8 Severability. .If any provision of this Operating Agreement or the applicationthereof to any Person or circumstance shall be invalid, illegal or unenforceable to any extent, theremainder of this Operæing Agreement and the application thereof shall not be affected and shallbe enforceable to the firllesi extent permiued by law.

8.9 Successqrs and Assigns.. E+ch and all of the covenants, temrs, provisions and

agreements herein contained shall be binding upon and im¡re to the benefit of the parties heretoanq to the extent perrritted by this Operating Agreement, their respective legal representatives,successors and assigns.

'

8.10 Creditors, None of the provisions of this Operating Agreement shall be for thebenefit of or enforceable by any creditor of the Company.

8.11 Counterparts. This Operating Agteement may be executed in counterparts, each

of which shall be deemed an original, but all of which shall constitute one and the same

instrument.

8.12 Entire Agreement. This Operating Agreement sets forth all of the promises,agreements, conditions and understandings between the'parties respecting the subject matterhereof and supersedes all prior negotiations, conversations, discussions, correspondence,memoranda and agreements between the parties concerning such subject matter.

The undersþed, being all the Members of the Compan¡ n"r"tv ugr"e, acknowledæ andcertify that the foregoing Operating Agreement constitutss the sole and entire OperatingAgreement of the Compan¡ unanimously adopted by,the Members of the Company as of thedate first written above.

[Signatures on Following Page]

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By:Its:

MEMBERS:

MILL RIJN DEVELOPMENT CORPORATION, '

a Virginia co¡poration .

', ..: . ..

ACCOMACKI{ORTHAMPTON REGIONALHOUSING AUTHORITY; a political subdivisionOfthe Commonwealth of Virginia

COMPAII"Y::

MILL RI.IN APARTMENTS, LLC,a Virginialimited liability company' , .

By Mill Ruu Dwelopment Corporation,A Virginia corporation,

, Its Managþg Member

BvjIts:

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ÐilIIBIT Á,

MeqberMILL RI.JN DEVELOPMENTCORPORATION

ACCOMACK.NORTÏIAMPTONREGIONAL HOUSb{GAUTIIORITY

10.007o

$r00.00... : . ry

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Tab C

Virginia State CorporationCommission CertifTcation

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ÇovtøoNWEALTFI- Op Vlne tNtA_ARK C. CHRISTIE

COMMISSIONER

JAMES C- DIMITRICOMMISSIONER

JUDITH WILLIAMS JAGDMANNCOMMISSIONER

JOEL H. PECKCLERK OF THE COMMISSION

P.O. BOX 1197RtcHMOND, V|RGINIA 2321 8-1 1 97

March 5, 2009

STATE CORPORATION COMMISSION

Office of the ClerkKANADY & QUINN PCJOHNSON KANADY III

7130 GLEN FOREST DRSTE 120RICHMOND,VA23226

RE:fD:DCN:

Mill Run Apartments, LLCs284798 - I09-03-04-0640

Dear Customer:

This is your receipt for $100.00 to cover the fee(s) for filing articles of organization for a limitedliability company with this office.

This is also your receipt for $100.00 to cover the fee(s) for expedited service(s).

The effective date of the certificate of organization is March 5, 2009.

Thank you for contacting our office. lf you have any questions, please call (804) 371-9733 ortoll-free in Virginia, (866) 7 22-2551 .

RECEIPTLCLLNCDcts0368

Tyl6r Build¡ng, 1300 East Main Street, Richmond, VA 23219-3630Clerk's Offlce (804) 371.9733 or (866) 722-2551 (totl-ftee in Vlrglnia) wwwscc.virginia.govlcfk

Telecommunicatlons Device for the DEaf-TDD/Voice: (804) 371-9206

Sincerely,

Joel H. PeckClerk of the Commission

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qff

Srnrr GonpoRAloN Con¡nn tsstoN

fticfimonl, 94.arcñ 5, 2009

'Í[Lß is to certify tfrat tñe certificøte of orgønizøtion of

Mill Run Apartments, LLC

wøs tñis lq issue[ ønf ø[rnittef to recorl in tfüs ffice anl tñøttfie søi[ fímite[ [ía6i[íty compøn] is øutfrorizel to trønsøct itsíusiness suíject to øff 'lirginiø føws øppfica\fe to tfie compøry

øn[itsíusiness,

Effectiae løte: fuLarcfr 5, 2009

S tate Çorporøtion C ommßsion

,4ttest:

cls0368

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Tab I)

Principal's Previous ParticipationCertifTcation

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Previous Porticipotion Certificotion

Developmenl Nome: Milt Runt4,úþ¿ tr.ú;^,tu! ¡Lrt'

Nome of Applicont: Mitt Run Aporlmenls. LLC

Controlling Generol Porlner: Mill Run Development Corporof¡on

INSTRUCTIONS:

ì This certificotion musl be signed by on individuol who is, or is ouihorized to oct on beholf of the Confrolling Generol Porlner (if

LP) or Monoging Member (if LLC) of the Applicont, os designofed in lhe Applicolion. VHDA will occept on outhorizotiondocumenl, which gives signofory oufhorizofion lo sign on beholf of lhe principols.

2 Alloch o resume for eoch principol of the generol porlnership (GP) or limited liobilify compony (LLC) ond on orgonizotionchorl for the limited portnership (LP) ond LLC.

3 A Schedule A is required for eoch principol of the GP.4 For eoch property lisled os "non-complionce found," pleose oltoch o deloiled explonoiion of the noiure of the non-

complionce, stoting whelher or nol i1 hqs been resolved.5 The dote of this cerlificotion must be no more thon 30 doys prior to submission of the Applicotion.

Foilure lo disclose informolion oboul properties which hove been found to be oul of compìionce or ony molerioì mis-

represenlotions ore grounds for rejeclion of on opplicolion ond prohibilion ogoinsl fulure opplicolions.

DEFINITIONS:

For lhe purpose of This Ceriificotion, the following definitions sholl opply:Development sholl meon the proposed multifomily rentol housing developmenl identilied obove.

Porliciponis shqll meon the principols who will porficipote in lhe ownership of the development.

Principol sholl meon ony person (including ony individuol, joinl venture, porlnership, limiled liobility compony, corporolion, nonprofilorgonizotion, lrusl, or ony other public or privofe entity) thot (i) wiÌh respecl to the proposed developmenl, will own or poriicipote in

the ownership of the proposed development or (ii) wilh respecl lo on exisiing multifomily rentol project, hos owned or porlicipotedin the ownership of such projecf, oll os more fully described hereinbelow. The person who is the owner of the proposeddevelopment or multifomily rentol project is considered o principol. ln determining whether ony other person is o principol, thefollowing guidelines sholl govern:

ì. In the cose of o porinership which is o principol (whether os lhe owner or otherwise), oll generol portners ore olso considered

principols, regordless of the percenloge inleresl of ihe generol porïner;2. ln the cose of o public or privole corporotion or orgonizotion or governmenlol entity lhol is o principol (whef her os the owner

or otherwise), principols olso include fhe president, vice president, secrelory, ond treosurer ond olher officers who ore directlyresponsible lo the boord of direclors or ony equivolent governing body, os well os oll directors or other members of thegoverning body ond ony stockholder hoving o 25% or more interesi;

3. ln the cose of o limited liobility compony (LLC) thof is o principol (whether os the owner or of herwise), oll members ore olsoconsidered principols, regordless of the percenloge inierest of the member;

4. ln f he cose of o lrust thot is o principol (whef her os the owner or otherwise), oll persons hoving o 25% or more beneficiolownership interesl in the ossels of such trust;

5. ln lhe cose of ony other person thot is o principol (whether os the owner or otherwise), oll persons.hoving o 25% or moreownership interest in such other person ore olso considered principols; ond

6. Any person thot directly or indireclly controls, or hos the power to control, o principol sholl olso be considered o principol.

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CERT¡FICATIONS:

I hereby certify thot oll the stolements mode by me ore true, complete ond conect to the best of my knowledge ondbelief ond ore mode in good foith, including the doto contoined in Schedule A ond ony slotements ottoched to this

certificolion.

l. I further cerlify thol for lhe period beginning l0 yeors prior to the dote of this Cerlificotion:

o. During ony time thof ony of lhe porticiponls were principols in ony mullifomily rentol project, no project hos been

foreclosed upon, no mortgoge hos been in defoult, ossigned to the mortgoge insurer (governmentol or privote), norhos mortgoge relief by the mortgogee been given;

b. During ony time thol ony of the porticiponts were principols in ony multifomily rentol projecl, lhere hos not beenony breoch by the owner of ony ogreements reloling to lhe construction or rehobilitotion, use, operotion,monogement or disposilion of the projecl;

c. To the best of my knowledge, lhere ore no unresolved findings roised os o resull of stofe or federol oudits,monogement reviews or olher governmentol invesligofions concerning ony multifomily rentol project in which onyof the porticiponts were principols;

d. During ony lime lhol ony of the porÏiciponts were principols in ony multifomily renlol project, fhere hos not been osuspension or terminotion of poyments under ony stote or federol ossislonce conlroct for lhe project;

e. None of the porticiponls hos been convicted of o felony ondis

nolpresently, lo my knowledge, the subject of o

comploint or indictment chorging o felony. A felony is defined os ony offense punishoble by imprisonment for oterm exceeding one yeor. but does nol include ony offense clossified os o misdemeonor under the lows of o stoteond punishoble by imprisonmenl of two yeors or less;

f. None of the porticiponts hos been suspended, deboned or otherwise reslricted by ony federol or stolegovernmentol entity from doing business with such governmenlol enlily; ond

g. None of the porticiponts hos defoulted on on obligolion covered by o surety or performonce bond ond hos notbeen the subjecl of o cloim under on employee fidelity bond.

2. I further certify fhot none of the porticiponts is o Virginio Housing Developmeni Authority (VHDA) employee or omember of the immediote household of ony of its employees.

3. I further certify thot none of the porticiponls is porticipoting in the ownership of o mullifomily rentol housing project

os of this dole on which construction hos stopped for o period in excess of 20 doys or (in the cose of o multifomilyrentql housing project ossisted by ony federol or sfote governmentol entiiy) which hos been subsfontiollycompleled for more thon 90 doys but for which requisite documenls for closing. such os lhe finol cost certificotion,hove nol been filed with such governmenlol entity.

4. I further certify thot none of the porticiponts hos been found by ony federol or stole governmentol enlity or court tobe in noncomplionce with ony opplicoble civil rights, equol employment opportunity or foir housing lows orregulofions.

5. I further certify lhot none of the porticiponls wos o principol in ony multifomily rentol project which hos been foundby ony federol or slote governmentol entity or court to hove foiled lo comply wifh Section 42 ot the lnternolRevenue Code of 198ó, os omended. during the period of time in which the porticiponl wos o principol in such

6. Stolements obove (if ony) lo which I connol certify hove been deleled by striking through lhe words. ln the cose

of ony such delelion, I hove ottoched o true ond occurote stolement fo exploin fhe relevont focls ondcircumstonces.

WARNING: lF THIS CERTIFICATION CONTAINS ANY MISREPRESENTATION OF A MATERIAL FACT, THE AUIHORITY MAY REJECT

THE APPLICATION FOR LOW-INCOME HOUSING TAX CREDITS AND MAY PROHIBIT THE SUBMISSION BY THE APPLICANT OF

APPLICATIONS FOR SUCH CREDITS IN THE FUTURE.

d^^.-¿trtt rtSignoture

[t..,n.- K"N. M.-,1 M.*, I , âoo$Pnntect Nome

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Dole (musf be no more thon 30 doys prior to submission of The Applicotion)Schedule A: lisl of All Tox Credil Developmenls for Eoch Pdncipol lo lhis Cerlificolion

Complete the following, using seporote poge(s) os needed, for eoch principol. List oll developments thot hove receivedollocotions of iox credits under Seclion 42 of the lRC.

M¡ll Run Develoôment Coroorolion Contuolling G. P. of Proposed Project? Y

Princ¡pol's Nome: YorN

I

2

3

4

6

7

I9

10'ì I

12

141Ã

ló17

l8l920

lt22l52425

26

27

zó29

303l32??

3435

37

Develoomeni Nome/LocotionNome of Ownership Entity ond

Phone Number

ControllingGenerolPortner?

f Y/NìTotol Dev

UniÌs

Totol Lowlncome

UnilsPloced in

Service Dote8ó09(s) lssue

Dole

Non-complionceFound? Y/NfFxnloin Yeql

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Dote (musl be no more thon 30 doys prior to submission of fhe Applicotion)Schedule A: list of All Tox Ctedil Developmenls for Eoch Principol lo lhis Cerlificotion

CompleTe the following, using seporote poge(s) os needed, for eoch principol. LisT oll developmenTs lho.l hove receivedollocotions of tox credils under Seclion 42 of the lRC.

Accomock-Northompton Reqionol Housinq Aulhority - Eloine MeilPrincipol's Nome:

Controlling G. P. of Proposed Projecl? N

YorN

4

5

6

7

I9

l0l112l2

14

t516

17

r8

l920t1

22

l524

IJ

26

27

2829

302l

3233

34

Developmenl Nome/LocolionNome of Ownership Enlity ond

Phone Number

ControllingGeneroìPorlner?

f Y/N)Toïol Dev

llnilc

Totol LowIncome

IlnilcPloced in

Service Dote8ó09{s) lssue

Dote

Non-complionceFound? Y/N{Exoloin Yes)

Accomock Monor- Porksley,

Virainio

Accomock Monol LLC

281 -363-4?1 0

N 90 90 5/B/07

6/13/O7 NOnoncock Squore Ononcocl

VAOnoncock Squore LP

757 787 2800Y 40 40 5/t9 /06

7 /30/07 NCrispus Attucks Aportmenis

Exmore VA îrisous Altucks. I I C-757 7A7 2AO(

Y 22 22

Pendino Pendincr \

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Mill RunApartments,LLC

Accomack-Northhampton RegionalHousing Authority

Elaine MeilExecutive Director

Mill Run Development CorporationManaging Member

Accomack-Northhampton RegionalHousingAuthorþ

Elaine MeilExecutive Director

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As Executive Director, Elaine K. N. Meil provides executive guidance and strategicvision for the Authority. She oversees a staff of fifteen professionals and annuallymanages $7 million in construction and client services funds from federal, state and localsources as well as a $1.2 million dollar operating budget. She has extensive experience incoordinating and complying with regulations of numerous state and federal agenciesincluding the U.S. Department of Housing and Urban Development, the Virginia Housing

and Development Authority and the Virginia Department of Housing and CommunityDevelopment. She holds a Bachelor's of Geology - Geophysics from Virginia Tech and aMaster's in Regional and Urban Planning from Virginia Commonwealth University.

Recent Professional HiehliehtsoOversees the implementation of the regional Housing Choice Voucher Program for 543client families

oOversees an annual affordable housing construction program that over the last ten yearshas averaged 46 new units per year, the majority being single-family owner occupiedhousing.

oManages over $3.5 million in 119 individual affordable housing mortgage assets.

oManages five multifamily properties providing Il7 affordable rental units.

oSupervising the development of a new multifamily property, using Low-IncomeHousing Tax Credits to provide 22 new affordable rental units.

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Accomack-Northampton Regional Housing Authority

å,CC tÈdå.t I( -hIüR.IIIIAË¿IPIIûIII ETEGIûFI-AI, HTT]FII\IË å.TITIIÛRIIIY

The Accomack-Northampton RegionalHousing Authority (A-NRHA)works onhousing issues on the Eastern Shore ofVirginia. The A-NRHA primarily works toprovide housing solutions for workforcefamilies, low-income families and theelderly. The Housing Ghoice VoucherProgram is the A-NRHA's largest.

llirectory:

Home

Programs and Projects

Newsletter Archive

Depattments

Publications

Commissioners

Contact Us

Housing Choice Voucher ProgramThe purpose of the program is to help people secure safe, decent and

affordable housing. The Program provides assistance paying rent. Theprogram has

538slots

although at anygiven

time approximately 500 arefilled by eligible persons. Vouchers can be used in Nodhampton orAccomack County but are also portable to other pafts of the United States.

lncome Guldelines

Application

AnnualPlan

Homelessness !ntervention ProgramThe purpose of this program is to provide assìstance to people having a

temporary financial crises due to unforeseen circumstance. Through rent or

mortgage financial assistance, intensive one-on-one counseling, and

financial literacy education the program helps people regain self-sufliciency.

Eligibllity Guidelines

Housing DevelopmentCrispus Attucks (ln development)

Virginia Street

Mill Run Apartments

Sunnyside Village

0nancock Square Aparlments

Accomack-Northampton Regional Housing AuthorityServing the Eastern Shore of Virginia Since 1992

Phone 757-787-2936 or toll-free 866-787-3001

Fax757-7874221email an [email protected]

23372 Front Sheet, P0 Box417, Accomac, VA, 23301

l-lat Links:

U.S. Depaftment

of Housing andUrbanDevelopment

http://www.a-npdc.orglRHA.html 15l 14 12009 l2:3t:42 PMI

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Tab E

NonprofÏt Q uesfionnaire

Not Applicable

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Tab F

Architect' s CertifTcation

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Afotubte HMiry &øß He'

INSTRUCTIONS FOR THE COMPLETION OFAPPENDIX F

ARCH ITECT'SCERTI FICATION

(This Form Must Be Submitted Under Architect's Letterhead

and included in the Application - Tab F)

NOTE: lf the development includes any combination of New Construction, Rehabilitation and

Adaptive Reuse, then separate Architect Certifications must be provided for each construction type.

The proper completion of this certification is critical to calculate the average unit square

feet and net rentable square feet of each unit type, to document amenity items for which points

will be awarded, and to calculate certain elements of the efficient use of resourcespoints.

lf this certification is not completed correctly there may be loss of points or disqualification of the

application to compete for tax credits. lf this development receives an allocation of tax credits and

¡tems are not provided as indicated on this certification then VHDA mav. at its sole oÞtion. reguire

the pavment bv the Owner of an amount up to l0% of the Total Development Cost (as set forth in

cred¡ts mav result. Therefore, it is imperative that this certification reflect the true and accurate intent

of what will be provided in return for an allocation of tax credits.

Each section of this certification contains instructions on how the information should be provided'

For Unit Size Calculations, the Average lJnit Square Feet and Net Rentable Square Feef should be listed

to two (2) decimal places. The number of units indicated should be only the unitsfor which rent will be

collected. For Average tJnit Square Feet calculations, the Total Square Feet should equal the Average

Unit Square Feet multiplied by the Number of Units/Type. The total at the bottom of the Total Square

Feet column should equal item (D) on the same page of the certificatlon, or be within 1 digit due to

rounding. The total at the bottom of the Number of Units/Type column should equal the number of units

in the tax credit aPPlication.

Accessibility certifications on page B are for tax credit point categories only and are not to be

confused with minimum code requirements.

The architect signing this document is certifying that all unit and site amenities indicated in this

certification are incorporated into the development plans and specifications and unit-by-unit work

write-up, and that all products necessary to fulfill these representations are available for these purposes.

The individualwho certifies this information must initialthe pages where indicated, provide

the personal information requested and sign on the last page. This certification should not be

mailed separately to VHDA but returned to the developer for inclusion in the tax credit application.

{Acknowledqe and include this instruction sheet as part of the certificationì

Acknowted o"o, //t.. _ '/*:,

Printed Nqme:

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PENTECOST, DEAL AND ASSOCIATES, INC.

TO: Virginia Housing Development Authority

601 South Belvidere Street

Richmond, Virginia 23220 -6 500

Attention: Jim Chandler

RE: ARCHITECT'S CERTIFICATIONName of Development:

Address of Development:

Name of Owner/Appl icant:

Mill Run, Belle Haven, Virginia35409 Mill Run Lane, Belle Haven, Virginia 23306

Mill Run, LLC

The above-referenced Owner has asked our office to provide this certification regarding (i)

plans and specifications, (ii) the development square footages, average unit square footages and net rental square

footages, (iii) the amenities the development will have upon completion, and (iv) federal and state requirements

pertaining to development accessibility for persons with disabilities. This certification is rendered solely for the

confirmation of these items. It is understood it will be used by the Virginia Housing Development Authority solely

for the purpose of determining whether the Development qualifies for points available under VHDA's Qualified

Allocation Plan for housing tax credits and future consequences for failure to provide items certified below.

Plans and Specifications:

Required documentation for all properties (new construction, rehabilitation and adaptive reuse)

I A location map with property clearly defined.

2 Sketch plan of the site showing overall dimensions of main building(s), major site elements

(e.g., parking lots and location of existing utilities, and water, sewer, electric,

gas in the streets adjacent to the site). Contour lines and elevations are not required.

3 Sketch plans of main building(s) reflecting overall dimensions of:

a. Typical floor plan(s) showing apartment types and placement

b. Ground floor plan(s) showing common areas;

c. Sketch floor plan(s) of typical dwelling unit(s);

d. Typical wall section(s) showing footing, foundation, wall and floor structure.

Notes must indicate basic materials in structure, floor and exterior fìnish.

In addition: required documentation for rehabilitation properties

A unit-by-unit work write-up.

Initials4O7 JANA

NoRFo¿K, V4r23502PHoNE ¡ (757) 466-AaA I

FAX. (757) 455-6073wDEAL@PENTEcoSTÞEAL.CO M

WWW. PENTECOSTD EAL.CO M

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ARCHITECT'S CERTIFICATION, continued

certilication includes two (2) separate calculations ofsquare footage:

l. Averase Unit Square Feet: Measurements Include A Prorata Share of Heated Residential Common Area

2. Net Rentable Square Feet: Measurements Do Not Include A Prorata Share of Any Common Area

and Reflect All Floor Plans of Each Unit Type (l-BR, 2-BR, etc.

1. Average Unit Square Feet: (These measurements impact the scoring of tax credit applications)

Forpurposes of determiningthe usable residential heated square feet, the building(s) were measured from the

outside face of exterior walls and the centerline of any parry walls. All unheated spaces and stairwells

which are no more than heated breezeways and nonresidential, income producing commercial spaces were

subtracted from this measurement. Community rooms, laundry rooms, properfy management offices and

apartments, heated maintenance facilities, and other common space designed to serve residential tenants were

not deducted. Based on this procedure, I certifl the following calculations in determining the usable heated

square feet for the above referenced development:

16,669.46

2,800.60

0.0013,868.86

Unit Types

Assisted Living

I StoryÆFF-Elderly

1 Story/l BR-Elderly

I Story/2 BR-Elderly

Efficiency Elderly

1 Bedroom Elderly

2 Bedrooms Elderly

Efficiency Garden

1 Bedroom Garden

2 Bedrooms Garden

3 Bedrooms Garden4 Bedrooms Garden

2 Bedrooms Townhouse

3 Bedrooms Townhouse

4 Bedrooms Townhouse

Average

Unit Sq. Ft.* x

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

75"1.19

981.37

I J 86^650.00

0.00

0.00

Number of

Units/Type:

0

t4

Total

SquareFeet

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

3,028.76

4,906.85

5,933.250.00

0.00

0.00

0.00

13,868.86

(A) Total floor area in (sq. ft.) for the entire development

(B) Unheated floor area (breezeways, balconies, storage)

(C) Nonresidential, commercial (income producing) area(D) Total usable residential heated area (sq. ft.) for the development

INSTRUCTIONS FOR AVERAGE UNIT SQUARE FEET CALCULATIONS:

Provide the average unit size for each bedroom type, (l bedroom elderly,2 bedroom garden' 3

bedroom townhouse, etc.) by adding the total square feet ofall the same bedroom types (2 bedroom

garden with I bath and 2 bedroom garden with 2 baths) and adding the prorated share of heated

common residential space and divide by the total number of the same bedroom types (2 bedroom

garden). Do not alter any items below.

0.00

Total

* Including pro rata share of heated, residential common area

Total

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ARCHITECT'S CERTIFICATION, continued

2. Net Rentable SquareFor purposes of calculating Net Rentable Square Feet, the units were measured from the face of each interior wall. The

values below therefore indicate the actual square footage of each unit floor plan. (For example, there may be 2 distinct

1-bedroom floor plans, 3 distinct 2-bedroom floor plans, etc. The purpose of this section of the Architect Certification is to

document and certify the floor space attributable to residential rental units in the development.)

Unit Tyþe

EfficiencyEfÏiciencyEfficiencyEfficiencyEfficiencyEffrciency

EfliciencyEfficiency

EfficiencyEfficiencyEfficiencyEffrciency

EfficiencyEffrciency

Efficiency

I Bedroom

1 Bedroom

1 Bedroom

I Bedroom1 Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

Floor Plan

Square Feet

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0^00

69t.87

660370.00

0.00

0.00

0^00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0^00

0"00

Number of Units

This Floor Plan Total

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1,383.74

1,320.74

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00 0.00

0.00

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(Net Rentable Square Feet continued)

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

882.93

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0"00

0.00

0.00

1,076.96

0.00

0^000.00

0.00

0.00

0.00

0.00

0.00

0"00

0.00

0.00

0.00

0.00

0.00

0.00

0^00

0.00

0.00

0.00

0.00

0.00

0"00

0.000J00.00

0.00

0^00

0.00

4,414.65

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

5,384.800.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total: t2,503.93

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ARCHITECT'S CERTIFICATION, continued

Developtnent Amenities:

I ceni$i that the developrnent's plans and specifications, worl< write-up, and proposed budget

incotporate alt items from VHDA's most current Minimum Design andConstruction Requirements.'Ihe Requirements apply to any nerv, adaptive reuse or rehabilitated development

(including those serving elderly and/or physically disabled households).

The Minimum Desigrl & Construction Requirenrents rnay be found on VHDA's website at

www.vhda.com.

For any development upon conrpletion of consfi'uction/rehabilitation: (non-mandatory amenities)

100 _ % a.(l) Percentage of 2 bedloom units that will have L5 or mole bathroonrs

100 % a.(2) Percentage of 3 or ntore bedroonr units that will have 2 or nrore bathroomsg lr. Tl* d.".loprnent will have a conrmunity/meeting roonr with a minimum of 749 square t-eet.

%o c. Percentage of exteriot'walls covel'ed by brick (excluding triangular gable end area,

doors windows ancl letaining walls)

d. All kitchen and laundry appliances nleet the EPA's Energy Star qualitìecl progranr

l'equirements

e. All winclows meet tlre EPA's Energy Star qualified progranl requirements

f, Every unit in the development is heated and air conditioned wirh either (i) heat

purnp units with both a SEER rating of 14.0 or more and a HSPF rating of 8.2 or

more and a variable speed air handling unit (for through-the-wall heat ptrrnp equipment

that has an EER rating ofl I 1.0 or mole), or (ii) air conditioning units with a

SEER rating of 14.0 or more and a variable speed air handling unit, cornbined with gas

furnaces with an AFUE |ating of 90%o or moreg. Water expense will be sub¡rretered (tenant will pay monrhly or bi-monthly bill)h. Each bathroorn consists only of low-flow faucets (2-2 gpm maximum) and

showerheads (2.5 gprn maximum)

i. Provide necessary infrastructure in all units for high speed cable, DSL olwireless intemet service

j. All water heaters will meet the EFA's Energy Star qualified program requiremenrs.

E

EE

nM

E

T

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ARCHITECT'S CERTIFICATION, continued

For all developments exclusively serving elderly and/or handicapped fenants, upon completion ofconstructiorVrehabilitation: (non-manclatory amen ities)

t] a. All cooking ranges u,ill have front confrolsn b. All units will have an emergency çall system

tr c. All bathrooms will have an independent or supplernental heat source

f d. All entrance doors have fwo eye viewers, one at 48" and the other at standarcl

heigltt

For all rehabilitation and adaptive reuse developments, upon completion of construction/ rehabilitation:

(non-mandatory)

n The structure is listed individually in the National Register of Historic Places or

is located in a registered historic district and certified by the Secretary ofthe

Interior as being of historical significance to the district, and the rehabilitation will

be completed in such a manner as to be eligible for historic rehabilitation tax

cledits

Building Stmcturc:

Number of Stories

p] Low-Rise (1-5 stories with a¡v structural elements being wood fì'ame construction)

fl Mid-Rise (5-7 stories with no sh'uctural elernents being wood frarne construction)

I High-Rise (8 or rnore stories with no structural elements being wood frame construction)

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ARCHITECT' S CERTIFICATION, continued

Accessibility:

I certify that the development plans and specifications meet all requirements of the federal

Americans With Disabilities Act.

I certi$ that the development plans and specifications meet all requirements of HUD regulations

interpreting the accessibility requirements of section 504 of the Rehabilitation Act. Please reference

Uniform Federal Accessibility Standards (UFAS) for more particular information.

Check one or none of the following point categories, as appropriate:

For any non-elderly property in which the greater of5 or 10% ofthe units (i) provide federal project-based

rent subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons;

(ii) conform to HUD regulations interpreting accessibility requirements of section 504 of the Rehabilitation

Act; and (iii) are actively marketed to people with special needs in accordance with a plan submitted as

part of the Application. (If specialneeds include mobility impairments the units described above must

include roll-in showers and roll under sinks and front controls for ranges). 50 pts.

For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD's

Housing Choice Voucher ("HCV") payment standard; (ii) conform to HUD regulations interpreting

accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to

people with mobility impairments, including HCV holders, in accordance with a plan submitted

as part the Application. 30 pts.

n por any non-elderly property in which at least four percent (4%) of the units conform to HUD

regulations interpreting accessibility requirements of section 504 of the Rehabilitation Act and are

actively marketed to people with mobiliry impairments in accordance with a plan submitted as part

of the Application. l5 pts.

As architect ofrecord for the above referenced development, the above certifications arecoffect to the best of my knowledge.

E

x

Signed:

Printed Name:

Tirle:

Virginia Registration #:

Phone:

Date:

754-466-8881

President

4357

William F.

E/t4o7NOTE TO ARCHITECT: Any change in this form may result in disqualification or a

reduction ofpoints under the scoring system. lfyou have any questions, please call Jim

Chandler at VHDA (804) 343-5786.

Return this certification on Architectos Letterhead to the developer for inclusion in the

tax credit application package.

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,¡@¿@lgfkr

Appendix F - VHDA's Universal Design Standards Certification

X Units in the development will meet VHDA's Universal Design Standards.

Before issuance of IRS Form 8609, applicant will provide documentation to VHDA as

evidence that such units meet VHDA's Universal Design standards.

The number of rental units that will meet these standards:

The total number of rental units in this development:

NOTE: For Elderly Developments, l00o/o of the units in the development must meet the

Universal Design standardsin order to qualifu for points.

For Family Developments, points are awarded based on a percentage of the

number of units meeting the Universal Design standards.

For the tax credit applicant to qualify for points associated with Universal Design,

the architect of record must on VHDA's list of Universal Design certified architects.

l4

,^,,,rtft'v-¿L

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#,ÉiËirriTî'r - Eartnr--_'r¡ft or L[.bD Development Certillcation

E Earthcraft Certification - The development's design meets the criteria for

EarthCraft certifrcation according to energy modeling projections and the areas ofemphasis worksheet. Before issuance of IRS Form 8609, applicant will obtain and

provide EarthCraft Certification to VHDA.

n f,nE,n Certification - The development's design meets the criteria for the U.S.

Green Building Council LEED green building certification. Before issuance of IRS Form

8609, applicant will obtain and provide LEED Certification to VHDA.

NOTE: Select only one of the above two options.

For the tax credit applicant to qualify for points associated with this section,

the architect of record must on VHDA's list of LEED or Earthcraft certified

architects, as appropriate.

Signed:

Printed Name: William F. Deal, Jr., AIAArchitect of Record

(same individual as on page 8)

Date: 5/+f

10

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AIiFëñtii'r..

l. Please identify the following information of the LEED Accredited Professional:

Name:

Company:Title:

Frances C. Franklin

Striffler Engineering Associates, PC

Mechanical Engineer Project Manager

Phone Number: 757-422-5088

Fax Number: 757-422-5043

Email: firankl in@strifï]er-engineering.com

2. List below the attributes of the proposed development which would or may qualify for points

under the U.S. Green Buitding Council's LEED certification rating system: *

(Add space as necessary)

r [Jse20Yo less water than the water use baseline calculated for the building.r Qptimize energy performance.r f,nhanced commissioning.r Minimize light trespass from the building and site.r þlonitor outdoor air delivery and adjust the space accordingly.

3. Please attach a copy of the LEED Accredited Professional Certificate to this document.

)-r*r*a C Qz+n*/4t-' lZr¿t]'{¿JfSignature of LEED Accredited Professional ** Date

* This page must include items that would qualify for points under the LEED certification

system. No points will be awarded in this cateqorv if nothins is listed here.

** This individual is not required to be the architect of reçpd signing the Architect Certification. It is

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ffi FORTHECOMPLETION OFAPPENDIX F

ARCH ITECT'S CERTI FICATION(This Form Must Be Submitted Under Architect's Letterhead

and included in the Application - Tab F)

NOTE: lf the development includes any combination of New Construction, Rehabilitation and

Adaptive Reuse, then separate Architect Certifications must be provided for each construction type.

The proper completion of this certification is critical to calculate the average unit square

feet and net rentable square feet of each unit type, to document amenity items for which points

will be awarded, and to calculate certain elements of the efficient use of resources points.

"red',tsrna"result. Tf*refore, it rs imperative that this certification reflect the true and accurate intent

of what will be provided in return for an allocation of tax credits.

Each section of this certification contains instructions on how the information should be provided.

For Unit Size Calculations, the Average Unit Square Feef and Net Rentable Square Feef should be listed

to two (2) decimal places. The number of units indicated should be only the units for which rent will becollected. For Average lJnit Square Feef calculations, the Total Square Feet should equalthe Average

Unit Square Feet muttiplied by the Number of Units/Type. The total at the bottom of the Total Square

Feet column should equal item (D) on the same page of the certification, or be within 1 digit due to

rounding. The total at the bottom of the Number of Units/Type column should equal the number of units

in the tax credit aPPlication.

Accessibility certifications on page I are for tax credit point categories only and are not to be

confused with minimum code requirements.

The architect signing this document is certifying that all unit and site amenities indicated in this

certification are incorporated into the development plans and specifications and unit-by-unit work

write-up,and that all products necessary to fulfill these representations are available for these purposes.

The individualwho certifies this information must initial the pages where indicated, provide

the personal information requested and sign on the last page. This certification should not be

mailed separately to VHDA but returned to the developer for inclusion in the tax credit application.

lf this certification is not completed correctly there may be loss of points or disqualification of the

application to compete for tax credits. lf th¡s development receives an allocation of tax credits and

Printed Nqme:

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PE NTECOST DEAL AND ASSOCIATES I NC.

TO: Virginia Housing Development Authority601 South Belvidere Street

Richmond, Virginia 23220-6500

Attention: Jim Chandler

RE: ARCHITECT'S CERTIFICATIONName of Development:

Address of Development:

Name of Owner/Applicant:

Mill Run Phase lll, Belle Haven, Virginia35409 Mill Run Lane, Belle Haven, Yirginia 23306

Mill Run, LLC

The above-referenced Owner has asked our office to provide this certification regarding (i)plans and specifications, (ii) the development square footages, average unit square footages and net rental square

footages, (iii) the amenities the development will have upon completion, and (iv) federal and state requirements

pertaining to development accessibility for persons with disabilities. This certification is rendered solely for the

confirmation of these items. It is understood it will be used by the Virginia Housing Development Authority solely

for the purpose of determining whether the Development qualifies for points available under VHDA's QualifiedAllocation Plan for housing tax credits and future consequences for failure to provide items certified below.

Plans and Specifications:

Required documentation for all properties (new construction, rehabilitation and adaptive reuse)

1 A location map with property clearly defined.

2 Sketch plan of the site showing overalldimensions of main building(s), major site elements

(e.g., parking lots and location of existing utilities, and water, sewer, electric,

gas in the streets adjacent to the site). Contour lines and elevations are not required.

3 Sketch plans of main building(s) reflecting overall dimensions of:

a. Typical floor plan(s) showing apartment types and placement

b. Ground floor plan(s) showing cornmon areas;

c. Sketch floor plan(s) of typical dwelling unit(s);

d. Typical wall section(s) showing footing, foundation, wall and floor structure.

Notes must indicate basic materials in structure, floor and exterior finish.

In addition: required documentation for rehabilitation properties

A unit-by-unit work write-up.

Initials4O7 JANAF

NORFOLK, VA 23502PHoNE . (757) 466-aaa t

FAx. (757) 455-6078WDEAL@PENTECOSTÞ EAL.CO M

WWW. PENTECOSTÞ EAL.COM

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ARCHITECT'S CERTIFICATION, continued

certification includes two (2) separate calculations ofsquare footage:

1. Averase Unit Square Feet: Measurements Include A Prorata Share of Heated Residential Common Area

2. Net Rentable Square Feet: Measurements Do Not Include A Prorata Share of Any Common Area

and Reflect All Floor Plans of Each Unit Type (l-BR, 2-BR, etc')

1. Average Unit Square Feet: (These measurements impact the scoring of tax credit applications)

For purposes of determining the usable residential heated square feet, the building(s) were measured from the

outside face of exterior walls and the centerline of any party walls. AII unheated spaces and stairwells

which are no more than heated breezeways and nonresidential, income producing commercial spaces were

subtracted from this measurement. Community rooms, laundry rooms, properfy management offices and

apartments, heated maintenance facilities, and other common space designed to serve residential tenants were

not deducted. Based on this procedure, I certify the following calculations in determining the usable heated

square feet for the above referenced development:

l7,942.64

3,030.00

14,912.640.00

(A) Total floor area in (sq. ft.) for the entire development

(B) Unheated floor area (breezeways, balconies, storage)

(C) Nonresidential, commercial (income producing) area(D) Total usable residential heated area (sq. ft.) for the development

INSTRUCTIONS FOR AVERAGE UNIT SQUARE FEET CALCULATIONS:Provide the average unit size for each bedroom type, (l bedroom elderly,2 bedroom gardeno 3

bedroom townhouse, etc.) by adding the total square feet ofall the same bedroom types (2 bedroom

garden with I bath and 2 bedroom garden with 2 baths) and adding the prorated share of heated

common residential space and divide by the total number of the same bedroom types (2 bedroom

garden). Do not alter any items below.

Unit Types

Assisted LivingI Story/EFF-ElderlyI Story/l BR-Elderly1 Story/2 BR-ElderlyEfficiency ElderlyI Bedroom Elderly2 Bedrooms ElderlyEffrciency Garden

I Bedroom Garden

2 Bedrooms Garden

3 Bedrooms Garden4 Bedrooms Garden

2 Bedrooms Townhouse

3 Bedrooms Townhouse

4 Bedrooms Townhouse

Average

Unit Sq. Ft.* x

0.00

0.00

0^00

0.00

0"00

0.00

0.00

0"00

1,108.42

t,377.020.00

0.00

0.00

0.00

Number of

Units/Type =

0

Total

Square Feet

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

6,650.52

8,262.120.00

0.00

0.00

0.00

14,912.64

0.00

Total t2

* Including pro rata share of heated, residential common area

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ARCHITECT'S CERTIFICATION, continued

2. Net Rentable SquareFor purposes of calculating Net Rentable Square Feet, the units were measured from the face of each interior wall' The

values below therefore indicate the actual square footage of each unit floor plan. (For example, there may be 2 distinct

l-bedroom floor plans, 3 distinct 2-bedroom floor plans, etc. The purpose of this section of the Architect Certification is to

document and certify the floor space attributable to residential rental units in the development.)

Unit Type

EffrciencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEfficiencyEffrciency

Efficiency

I Bedroom

I Bedroom

I Bedroom

I BedroomI Bedroom

I Bedroom

I Bedroom

1 Bedroom

I Bedroom

I Bedroom

I Bedroom

I Bedroom

I BedroomI Bedroom

1 Bedroom

Floor Plan

Square Feet

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0"00

0.00

0.00

0"00

0^00

0.00

0.00

0.00

0.00

0^00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Number of Units

This Floor Plan

0

Total

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0,00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

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(Net Rentable Square Feet continued)

2 Bedroom2 Bedroom

2 Bedroom

2 Bedroom2 Bedroom

2 Bedroom

2 Bedroom2 Bedroom

2 Bedroom2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom

2 Bedroom2 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

3 Bedroom

4 Bedroom4 Bedroom4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom

4 Bedroom4 Bedroom4 Bedroom

1,004.62

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0"00

0.00

0.00

0.00

0.00

1,239.06

0.00

0.00

0.00

0.00

0J00.00

0^00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0"000.00

0.00

0.00

0.00

6,027.72

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

7,434.360.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

13,462.08

0.00

0.00

Total:

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ARCFIITECT'S CERTIFICATI ON, conrinuecl

Development Anrenitíes:

I certiff that the development's plans and specifications, worl< write-up, and proposed budgetincorporate all items from VHDA's most cuR'ent Minimum Design ancl Construction Requirements.'Ihe Requirements apply to any new, adaptive reuse or rehabilitated development(including those serving elderly and/or physicatly disabled households).

The Minimum Desigu & Construction Requirements riray lre found <ln VHDA's wcbsite atwww.vhda.com.

For any development upon contpletíon of const¡'uction/r'ehabilitation: (non-mandatory amenities)

100 % a.(1) Percentage of 2 beclroom units that will have 1.5 or urore bathroonts

% a.(2) Percentage of 3 or nrore bedroonr Lrnits that will have 2 or more bath¡oornsE b. The developrnent will have a contmunity/meeting roonr with a minimum of 749 square feet.

%o c. Percentage of exteriot'r'valls covel'ed by brick (excluding triangular gable end area,doots windows and retaìnìng walls)

d. All kitchen and laundry appliances nreet the EPA's Energy star qualitiecl progran]tequirements

e. All windows rneet the EPA's Energy Star qualified program requirementsf. Every unit in the development is heated and air conditioned with either (i) hear

purn¡r units with both a SEER rating of 14.0 or more and a IISPF rating of 8.2 ormore and a variable speed ail handling unit (for through-the-wall heat purnp e<¡uipmentthat h¿rs aU EER rating of I 1.0 or more), or (ii) air conditioning units with a

SEER rating of I4.0 or rnôre and a variable speed air handling unit, cornbined with gasfulnaces with an AFUE rating of 90o/o or more

g. Water expense will be sub-metered (tenant will pay nronrhly or bi-monthly bill)h. Each bathroom consists onìy of low-flow faucets (2.2 gpn maximum) and

showerheads (2.5 gpnr maximum)i. Provide necçssary inÍÌastructure in all units for high speed cable, DSL or.

wireless intemet servicej. All water heaters will meet the EFA's Energy Star qualified program requiremenrs.

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ARCI-{ITECT'S CERTIFICATION, conrinued

For all developments exclusively serving elderly and/ol hanclicapped tenantsu upon completion ofconstruction/rehabilitation: (non-mandatory amen ities)

Ia.

Allcooking ranges

will have front confrolstr b. All units will have an emet'gency call system

tr c. All bathrooms will have an independent ol supplemental heat source

t] d. All entlance doors have two eye viewers, one at 48" and the other at standarcl

heighr

For all rehabilitation and adaptive reuse developments, upon conrpletion ofconstruction/ relrabilìtation:(non-mandatory)

I The structure is listed individually in the National Register of Historic Places oris located in a registered historic distl'ict and certified by the Secretary of theIntelior as treing of historical significance to the district, ancl the rehabilitation willbe completed in such a manner as to be eligible fol'historic rehabilitation tax

credits

tsuilciûng Stnuet¡¡re:

Number of Stories

p] Low-Rise (1-5 stolies with a¡y structural elements being wood frame construction)

f] Mid-Rise (5-7 stories with no sh'uctulal elements being rvood frarne consh'uction)

I IIigh-Rise (8 or rnot'e stories with r]o srructural elements being wood fiame construction)

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ARCHITECT'S CERTIFICATION, continued

Accessibility:

I certifu that the development plans and specifications meet all requirements of the federal

Americans With Disabilities Act.

I certifu that the development plans and specifications meet all requirements of HUD regulations

interpreting the accessibility requirements of section 504 of the Rehabilitation Act. Please relerence

Uniform Federal Accessibility Standards (UFAS) for more particular information.

Check one or none of the following point categories, as appropriate:

E For any non-elderly property in which the greater of5 or l0% ofthe units (i) provide federal project-based

rent subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons;

(ii) conform to HUD regulations interpreting accessibility requirements of section 504 of the Rehabilitation

Act; and (iii) are actively marketed to people with special needs in accordance with a plan submitted as

part of the Application. (lf special needs include mobility impairments the units described above must

include roll-in showers and roll under sinks and front controls for ranges). 50 pts.

X For any non-elderly properfy in which the greater of 5 or l0% of the units (i) have rents within HUD's

Housing Choice Voucher ("HCV") payment standard; (ii) conform to HUD regulations interpreting

accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to

people with mobility impairments, including HCV holders, in accordance with a plan submitted

as part the Application. 30 Pts.

! for any non-elderly property in which at least four percent (4%) of the units conform to HUD

regulations interpreting accessibility requirements of section 504 of the Rehabilitation Act and are

actively marketed to people with mobility impairments in accordance with a plan submitted as part

of the Application. l5 pts.

As architect ofrecord for the above referenced development, the above certifications arecoffect to the best of my knowledge.

Signed:

Printed Name:

Title:

Virginia Registration #:

Phone:

Date:

754-466-8881

President

4357

NOTE TO ARCHITECT: Any change in this form may result in disqualification or a

reduction of points under the scoring system. lf you have any questions, please call Jim

Chandler at VHDA (804) 343-5786.

Return this certification on Architectns Letterhead to the developer for inclusion in the

tax credit application Package.

Deal, Jr., AIA

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Appendix F - VHDA's Universal Design Standards Certification

U Units in the development will meet VHDA's Universal Design Standards.

Before issuance of IRS Form 8609, applicant will provide documentation to Vl-lDA as

evidence that such units meet VHDA's Universal Design standards.

The number of rental units that will meet these standards:

The total number of rental units in this development:

NOTE: For Elderly Developments, 100% of the units in the development must meet the

Universal Design standards in order to qualify for points.

For Family Developments, points are awarded based on a percentage of the

number of units meeting the Universal Design standards.

For the tax credit applicant to qualify for points associated with Universal Design,

the architect of record must on VHDA's list ol'Universal Design certifìed architects.

12

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nffiriii'r ffiLEED Development Certillcation

E Earthcraft Certification - The development's design meets the criteria for

EarthCraft certifrcation according to energy modeling prt-rjections artd the at'eas ofemphasis worksheet. Before issuance of IRS Form 8609, applicant will obtain and

provide EarthCraft Certification to VHDA.

I f,nnU Certification - The development's design meets the criteria for the U.S.

Green Building Council LEED green building certification. Before issuance of IRS Form

8609, applicant will obtain and provide LEED Certification to VHDA.

NOTE: Select only one of the above two options.

For the tax credit applicant to qualify for points associated with this sectiono

the architect of record must on VHDA's list of LEED or Earthcraft certified

architects, as appropriate.

Signed:

Printed Name:Architect of Record

(same individual as on page 8)

Date:

M

William F. Deal, Jr., AIA

10

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AliÞffifii'r'

l. Please identify the following information of the LEED Accredited Professional:

Name:

Company:

Title:Phone Number:

Fax Number:

Email:

Frances C. Franklin

Striffl er Engineering Associates, PC

Mechanical Engineer Proiect Manager

757-422-5088757-422-5043

2. List below the attributes of the proposed development which would or may qualify for points

under the U.S. Green Building Council's LEED certifTcation rating system: *

(Add space as necessary)

ffrankl in@striffl er-engineering.com

lJse 20%o less water than the water use baseline calculated for the building.

Optimize energy performance.

Enhanced commissioning.

Minimize light trespass from the building and site.

Monitor outdoor air delivery and adjust the space accordingly.

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Please attach a copy of the LEED Accredited Professional Certificate to this document.

* This page must include items that would qualify for points under the LEED certification

system. No points w¡ll be awarded ¡n th¡s catesorv ¡f nothins is listed here.

** This individual is not required to be the architect of reoppd signing the Architect Certification.

ll-r4r\''l ÔDatere of LEED Accredited Professional **

It is

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GBCI: Greerr Building Certifioation Insiitute Page I of2

i t-og out I ["EED Ffofessioftat Þlrectory 1 CBCI Home

LEED Professional ÐirectoryThê LEED Professional Directory is a listing of LEËD credentialed professlonals. Use the search fiyour area, LEED Green Associates and LEED APs with specialties (LEED.AP Operations + Maintrwhich represent a dernonstration of knowledge through testing, as well as'ongoíng credential mairand practical experience.

$earch Criteria: First Name l¡k€ francesl Last Name líke fran

l,lame Oryanization Clty Stats Country Prlmary Aroaof Pr¡otice

FÞncÊs F¡aaklln Strifflôr Eng¡neer¡ng Assoo¡ates, P-t. Virginla Beoch \IA U9A Me*anioalEnglr

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Matthew Burton DJG Architects,lnc. 1012512007

Don Buschker Rehab Builders, lnc. 1211512008

Mike Butler Paradiom Development Company 05t31t2007

Robert Butwin Etc Companies LLC 01/30/2008

Elizabeth vrd Viroinia Non-orofit Housino Coalit¡on 12t05t2007

Iheodore )aoe Wiencek and Associates 09t12t2008

Richard 3ain Viteri Construction Manaoement. lnc. 0513112007

Andv 3aldwell Lemay Associates 1210512007

Joe 3allahan Shenandoah Area Aoencv on Ao¡no 10t2512007Patrick Callahan Masco Contractinq Services 06t26t2008

Alex Cannon Cannon Properties, Ltd. 0212612009

LATTV Canterburv Canterburv Construction, lnc. 06t26t2008

Sean Casev HFH - Nova 06t26t2008

Hsien-Yuan Chen Wiencek and Associates 09t1212008

Iarik Claiborne YHDA 02t26t2009

)ave Colbv Caflis Steohens. lnc. 1211512008(evin Coles BHC 06t2612008

3hris Conwav 1211512008

Matt Corell Bonstral Haresion Architects 05t31t2007

Scott Corwin Johannas Desiqn Group 09t12t2008

Steve Cox Peoole lnc. of SWVA 1012512007

Jeanie CumminsRPJ Housinq 0513112007

Mark Daly Nellioan lnsulation 12t05t2007

Stuart Daniel Better Housinq Coalition 02t26t2009

Tim Daniel Zavos Architecture and Desiqn 06t26t2008

Douolas Dansev Georoe A. Dansev, lnc. 09t12t2008

Rav Day, lll Bozzuto Construction Company 02t26t2009

Joel De Leon Neale Architects 05t31t2007

William Deal. Jr. Pentecost. Deal & Associates. lnc. 02t26t2009

Daniel DeBettencourt JBF Associates o5t31t2007

Bruce DeSimone úHDA 12t05t2007

Frank DeStefano Destafano Desiqn Group 01/30/2008

Bvron Dickson Dickson Architects and Associates PC 05t3112007

Dan Dills Dills Ainscouoh Duff 02t26t2009

Jimmy Dobson >aradigm Development Company 0513112007

Philio "Chio" Dodd Aurora Consultino LLC 01/30/2008Barbara Doolev 3reakell lnc. 02t26t2009

Alan Downie Huohes Associates Architects 01/30/2008

David Draper 3ollins & Kronstadt Architects 0212612009

Jovce Dudek CHIP 0513112007

Jim Dumminoer 3allowav, Johnson, Moore & West, P.A. 1210512007

Anne Durkin 3AM Architects 06t26t2008

Hussein Fasmeil Varlvn Development Corporation 01/30/2008

James ldwards idwards Assocíates Architects 06t26t2008

John ldwards Sonstra Haresiqn Architects, LLP 0911212008

louq Illis /úindows and More 06t26t2008¡edro -scano )ills Ainscouqh Duff 06/26/2008

Jeffrev -arner litv of Alexandria. Deoartment of Plannino/Zoninq 06t26t2008

Michael -erouson )ominion Due Diligence 12t05t2007Amv -erns {WB Engineers 02t26t2009Lisa =erretto Hord Coplan Macht 05t31t2007

Eric -esperman Habitat for Humanitv of Winchecter - FrederickCour 06t26t2008Ross Fickenscher S&SConstruction.lnc. 05/06/2009

Matthew Fine ZA+D. LLC 05t31t2007Matthew Fitzqerald Urban Desion Associates 0911212008

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Tab G

Relocation Plan

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Mill Run Apartments, LLC agrees to abide by the VHDA Relocation

Guidelines attached, in the event that resident relocation is necessary

during the construction period.

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,@ttqhb.

Relocation Assistance Guidelines

These guidelines are the Authority's standards for the provision of assistanoe to tenants forced to

relocate because of changes in the use or condition of their rental units regardless of the length of the

remaining lease term.

Any contract for the acquisition of a site with existing residential property may not require an

empty building as a condition of such contract, unless relocation assistance is provided to displaced

households, if any, at such level required by the Authority below.

I. Applicability

The guidelines apply to all developments that will displace existing tenants and must be followed

to qualify for Low Income Housing Tax Credits. These guidelines will be incorporated by reference in

and enforced by the Contract to Enforce Representations Regarding Low-Income Housing Tax Credit

Development if the development qualifies for a reservation of credits.

The guidelines apply to all multi-family buildings when tenant moves are required for reasons

sueh as rehabilitation, demolition, and sale by contract specifying an empty building. They apply to

rented single-family houses when tenancies are teminated because of planned demolition.

II. Summary

In the situations specified above, owners must undertake the following:

l) Relocation payments

2) Relocation assistance

3) I}}-day vacate notice

4) Full communication of plans

III. Relocation Payments

Owners must provide relocation payments to all households receiving notice to vacate the

development and not retum to the existing development. See item V. for Temporary Relocation. The

payments are designed to help cover moving expenses and the additional costs of relocation. Relocation

payments for unfurnished dwelling units should be in accordance with the current moving expense

schedule for Virginia under the Uniform Relocation Act. The payments ourrently specified by the Act are

as follows:

Occupant owns furniture

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RELOCATION ASSISTANCE GUIDELiNES. continued

To each leaseholder whose gross income is less than 50Yo of the applicable Area Median GrossIncome (AMGi) adjusted for household size, owner/applicants must provide a relocation payment oftwice the amount listed above.

Owners are encouraged to discuss the details of their relocation plans with the Authority staff inorder to identifu special tenant circumstances that might require fine tuning of the arrangements,

Owners must make at least half of the relocation payment when a tenant gives a definite move outdate, the remainder to be paid when the tenant actually vacates. Many need this to help pay the securitydeposit on their next residences. Owners are urged to give careful consideration to providing relocationpayments to tenants who have not yet received their 120-day notice to vacate but have compelling reasons

to move early.

IV. Relocation Assistance

Owner/applicants should provide additional relocation assistance such as:

. Expediting return of security deposits, or allowing tenants to apply them to the last month's rent

Contacting comparably priced rental complexes to request priority for persons being displaced

Providing transpoftation for tenants needing to look at other housing, especially those who areelderly or disabled

Giving attention to the special problems of timing moves for farnilies with school age children

Offering to help (trucks and drivers) move furnishings

Relocation assistance and services should be made available to tenants not only during regular

business hours but during evenings and weekends to accommodate tenants who would otherwise have tomiss work. Owners should provide tenants written materials andlor translation services in their nativelanguages if necessary.

V. Temporary Relocation Assistance

Owner/applicants must provide assistance for two moves when it is necessary for occupantsqualiffing for a renovated unit to move temporarily during the renovation work and then return to arenovated unit. Assistance can be either a payment to reimburse the actual cost of the move and utilitytransfers or moving services provided by the developer and a payment to cover the cost of utilitytransfers. Tenants are expected to provide documentation of their expenses. Payment for only one moveis required if the tenant elects in writing to move to a renovated unit and not return to his or her original

unit.

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RELOCATION ASSISTANCE GUIDELINE,S, continued

VI. 120-Dav Notice to Vacate

State law requires 120-day vacate notice for all condo and co-op conversions and for any changein the use of buildings with at least four rental units. These guidelines extend that notice period to allmulti-family rental units vacated due to rehabilitation or demolition, and to single-family houses beingdemolished.

VIL Full Communication of Renovation and Relocation Plans

Owners must inform tenants of renovation and relocation plans as soon as possible, and toarrange for interpreters to help non-English speaking persons understand what the owner intends to dowith the property. Open communication with tenants about plans for the development can be helpful toboth owner and occupants by minimizing rumors and misunderstandings.

Owners of complexes containing 20 or more units are required to submit a renovation andrelocation plan to the Authority and to affected tenants. The plan should be as complete as possible, andupdated as changes are made. The scope of the plan should be appropriate to the scale of thedevelopment being renovated, including at a minimum:

I) Name, address and contact person for the owner/ developer/ management company2) Scope of the work to be done and phasing of work, including estimated timetables3) Relocation payments and services to be offered4) Anticipated rents and rental policies after the changes5) Measures planned to minimize construction impact on occupied units.

The plan should be submitted to the Virginia Housing Development Authority, Multi-FamilyDevelopment Division, Attention: Tax Credit Prograrn Administrator.

VIII. Documentation of Compliance

Owner/applicants are required to maintain files which can, if required by the Authority, documentcompliance with the above requirements. Such files should include, but not be limited to copies ofrelocation plans, notices, canceled checks, and other items providing evidence of compliance with theabove requirements.

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RELOCATION ASSISTANCE GUIDELINES, continued

REQUIRED NOTICE WHEN BUILDINGS UNDERGO CHANGE

Section 55-222 of the Code of Virginia requires 120 days' notice to tenants being vacated fromany building containing at least 4 residential units, if the building is to be renovated, demolished, sold ona contract requiring an empty building, or converted to hotel, motel, apafiment hotel, or other commercial

use.

Vireinia Code Section 55-222

NOTICE TO TERMINATE A TENANCY; ON WHOM SERVED; WHEN NECESSARY. - ATENANCY FROM YEAR TO YEAR MAY BE TERMINATED BY EITHER PARTY GIVING THEREMONTHS; NOTICE, IN V/zuTING, PRIOR TO THE END OF ANY YEAR OF THE TENANCY, OFHIS INTENTION TO TERMINATE THE SAME. A TENANCY FROM MONTH TO MONTH MAYBE TERMINATED BY EITHER PARTY GIVING THIRTY DAYS' NOTICE IN V/RITING, PRIORTO THE END OF THE MONTH, OF THIS INTENTION TO TERMINATE THE SAME. HOV/EVER,I2O DAYS' WRITTEN NOTICE IS REQUIRED IF THE TERMINATION IS DUE TOREHABILITATION OR A CHANGE IN THE USE OF ALL OR ANY PART OF A BUILDING

CONTAINING AT LEAST FOUR RESIDENTIAL TINITS. CHANGES SHALL INCLUDE BUT NOTBE LIMITED TO CONVERSION TO A HOTEL, MOTEL, APARTMENT HOTEL OR OTHERCOMMERCIAL USE, PLANNED UNIT DEVELOPMENT, REHABILITATION, DEMOLITION ORSALE TO A CONTRACT PURCHASER REQUIRING AN EMPTY BUILDING. THIS 120-DAYREQUIREMENT SHALL NOT BE WAIVED; HOWEVER, A PERIOD OF LESS THAN 120 DAYSMAY BE AGREED UPON BY BOTH THE LANDLORD AND TENANT IN A WRITTENAGREEMENT SEPARATE FROM THE RENTAL AGREEMENT OR LEASE EXECUTED AFTERSUCH NOTICE IS GIVEN AND APPLICABLE ONLY TO THE I2O-DAY NOTICE PEzuOD. WHENSUCH NOTICE IS GIVEN TO THE TENANT IT MAY BE SERVED UPON HIM OR UPONANYONE HOLDING UNDER HIM THE LEASED PREMISES, OR ANY PART THEREOF. V/HENIT IS BY THE TENANT IT MAY BE SERVED UPON ANYONE WHO, AT THE TIME , OWNS THEPREMISES IN WHOLE OR IN PART, OR THE AGENT OF SUCH OWNER, OR ACCORDING TO

THE COMMON LAW. THIS SECTION SHALL NOT APPLY WHEN, BY SPECIAL AGREEMENT,NO NOTICE IS TO BE GIVEN; NOR SHALL NOTICE BE NECESSARY FROM OR TO A TENANTV/HOSE TERM IS TO END AT A CERTAIN TIME.

THE WzuTTEN NOTICE REQUIRED BY THIS SECTION TO TERMINATE A TENANCYSHALL NOT BE CONTAINED IN THE RENTAL AGREEMENT OR LEASE, BUT SHALL BE ASEPARATE WRITING.

t+**i<d<t<,ß*{<*{<

For buildings containing fewer than 4 residential units, the Authority requires the same 720-day vacatenotice to tenants.

The Virginia Condominium Act requires in Section 55-79.94(b), as amended in 1980, that tenantsof all complexes being converted to condominiums be given 120 days' notice to vacate.

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Tab H

PI{A / Section I NotifTcation Letter

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ffiPHA or Section I Notification Letter

TO:

Date: May 12,2009

Local Housing nutf,ority or Administering AgencyStreet AddressCity, Virginia ZipAttention: Section 8 or PHA Waiting ListAdministrator

PROPOSED AFFORDABLE HOUSING DA/ELOPMENTE:

Name of Development:Name of Owner: Mill Run LLC

Mill Run

I woutd like to take this opportunity to notify you of a proposed affordablehousing development to be completed in your jurisdiction. We are in the process ofapplying for federal low-income housing tax credits from the Virginia Housing

Oevélopment Authority (VHDA). We expect to make a representation in that applicationthat we will give leasing preference to households on the local PHA or Section I waiting

list. Units are expected to be completed and available for occupancybeginning December 31, 2010

The following is a brief description of the proposed development:

Development Address (should correspond to 1.4.2 on page 1 of the Application):

35409 Mill Run Lane, Belle Haven, VA 23306

Proposed I mprovements:

Xl ttew Construction: 12

I Adaptive Reuse:

X Rehabilitation:

# Buildings 14,912.6 TotalGross FloorArea

# Buitdings TotalGross FloorAreaTotalGross FloorArea Buildings 13,868.8

^

I month/ month/ month/ month/ month

(Should conespond with f.B & D and Ill.A of the application)

# Units 6

# Units# Units

Proposed Rents (should correspond with Vll.C of the Application):

Efficiencies: $1 Bedroom Units:2 Bedroom Units:3 Bedroom Units:4 Bedroom Units:

nxXXn

$$$$

?ZP426501

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PHA or SEC I Notification Letter, continued

Other Descriptive lnformation (should correspond with information in the application):

We will appreciate your assistance in identiffing qualified tenants, lf you haveany questions about the proposed development, please call me at (757) 787-?936.Please acknowledge receipt of this letter by signing below and returning it to rne.

Sincerely yours,

d -.,.- r¿.-rV¿.\Edñ-e-K. N. Mei¡-Executive Director, MillRun Apartments LLC

To be completed by the Local Housing Authority or Sec I Administrator:

Seen and Acknowledged By:

Printed Name: Kat Edwards

Title: Dirqctor o-f ,Housinq $ervlces. A-NRHA

Phone: (25il 787¿800 ,- Ext 1?Q

Date: Mav 12,2009-

I{OTE: Any change in this form letter may result in a reduction of points under thescoring system. lf you have any questions, please call Jim Chandler at VHDA(804) 3¿fi1-5786.

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Tab I

Local CE,O Letter

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TÛ\ryN TF tsELLE HAVEN

Locclily CEO Support Letter

April24,2AO9

Jím ChcndlerVirginio Housing Developmenl Authorityó01 South Belvidere StreetRichmond. Virg inio 2322A

VHDA Trocking Number: 2AA?-7-OB2Development

Nqme:Mill Run

Nome of Owner/Appliccnl: Mill Run, LLC

Deor Mr. Chandler:

The construction or rehabililotion of ihe obove-nomed development ond lhecrllocotion of federol housing tox credits ovoiloble under lRC Section 42 for soiddevelopment will help fo meet the housing needs ond priorities of Town of Belle Hoven.Accordingly, Town of Belle l-{aven supports fhe ollocolion of federol housing tox creditsrequosfed by Mîll Run. LLC for lhis development.

Yours truly,

,%_áMorionr)Ñ f*Moyor U /

PO BOX 238Belle Haven, VA 23306

PHoNE (757)442-503LFAX (757)442-6148E-MAIL towofbellehaven@vcrizon,ne¡

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Tab J

Hom,eownershÍp Plan

Not Applicable

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Tab K

Site Control l)ocumentation

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Á.GRENMENT OF'PURCHASE AF{D SALtr

ïffS-AGRBEMENT OF PURCIIÁ.SË ÂNÐ SÀLE (this "Agreement"), made ånd entered asof the f1'ffi day of March 2009 (the "EfÊective Date"), by und between the ACCOMA.CK-

NORTHAMPTON R&GIONÁ.L HOIISING ^A.UTHORITY, a political subdivision cf theCommonwealth of Virginia (the "Seller"), and MILL R{JN APARTMENTS, LLC. a Virginia limitedliabílÍfy company (the'?urchaser').

RECÏTALS

A. The Seller is thç owner of: (i) that certai¡r tract of land (the "Land") in Accomaok County,Virginia and morc particularly described in EXhiþit *4 attached hereto and by this refererrce incorporatedherein; and (ii) any and all rights, benefits, easements and other interests ofthe Seller appurtenant to theLand (the "Appurtenances"). The Land and Appurtenances are collectively referenced hercin as theooProper!/."

B. The Scller desires to sell and assign the Property to the Purchasor. Subject to ¿nd in

accordance with the conditions ar:d provisions hereinafter contained, the Purchaser desires to purchase theProperly from the Seller.

AgREËIdË\lT

NOW, TIIEREFORË, in consideration of the Recitals, the n'rutual agreements set forth herein,and other good and v¿luable consideration, the receipt and sufficiency ofwhich are hereby acknowledged,and intending to be legally bound, the Seller and the Purchaser agreç as follows:

l" Incorporation of R,ppjt¿I,s. The above recitals are incorporated into the operativeprovisions of thÍs Agreement by this reference.

2. $ale-of Property. Subject to and in accordance with tÏe terms of this Agreomen! the

Seller agrees to sell and assign to the Purshåser, and the Purchaser agress to purchase from the Seller, theProperty.

3. Purchqse Price: Payment of Purshase Price.

3.1 Purchasp Price. The purchase price to be paid by the Purohaser fo tl¡e Seller forthe Property (the "Purchase Price') shall be One Million Two llundred For{y Thousand, Eight Hundredand 00/100 Dollars ($1,240,800).

3.2 . [trntentionally Omitted]

4, Closinq. The closing of this transaction (the "Closingl') shall take place on or before (i)November 6, 2009. Such date of lhe Closing is refered to herein as the

'oClosingDate." Closing shall

occur at the oflices of Kanady & Quinn, P.C., 7130 Glen Forest Drive, Suite 120, Richmond, Virginia23226, or at suoh other location as mây be mutually acceptable to the Seller and the Purchaser.

5. Reports and Insnections. Ðuring the period from and including the Effective Date andthrough 5:0Û p.rn. EST on the thirtieth (30) day after the Effective Dato (the "Inspeotion Period"), thePurchæer and its agents and representatives shall have the right to enter upon the Proper[y for the purposeof performing suoh examinations and tests, including without limitation soil tests, environmental

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inspections, determination of future capital needs of the Properly, title examination, surveys, anddeterminæion of compliance with laws, all as the Purchaser may deem appropriate for determining thefeasibility of the Property for thc Purchaser's intended use (collectively, the "Inspeotions"). ThePurchaser oovenants to repair any damage to the Proper{y caused by such Inspections and to indernniþa*d hold harmless the Ssller frorn any loss, cost, experrse or liability incurred or sust'ained by the claim of

any person made by r,ea$on of thc Purchaser's activities as permitted pursuant to this Section 5, save andexcept for any reduction ofvalue ofthe Property resulting fiom the discovery ofany hazardous or toxicwästes and substances on, or defects to, the Property. The foregoing covenant shall survivs anytermination of this Agreement. If the Purchaser determines the Property is unacceptable to the Purchaserfor any reason, a¡ determined by fhe Purchaser in its sole and absolute discretion, the Purchaser mayterminate this Agreement by giving the Seller written notice of such termination in accordalce with thcrequirements of Section 12.4 prior to the expiration of the Inspeotio* Period. If Purchaser so terminatçsthis Agreement for any reâson, Purchaser agrses to furnish Seller with copies of all engineering andenvironment¿l reports and studies that Purchaser has had prepared concerning the Properfy, its status, andits possible uses, including but not limited to any site plans axd any Phase I Report. Upon suchtermination by the Purchaser, tlie Ðeposit shall be returned to the Purchasçr and neither parfy hereto shallhave a clairn against tlte other under this Agreemenf except for any claims of the Seller against thePurchaser under this Secrion 5.

6. Condemnation. If prior to Closing the Property is subjected to actual or threatenedcondemnation or eminent domain prooeedings, t'he Seller will promptty notiff The Purchaser of suchevent, and fhe Purchaser shall have the option of either: (i) terminating this Agreement, in which evcnt theÞeposit shall be returned to úe PurchasÊr; or (ii) proceeding to Closing, in which event the Sellcr shallpäy or assign, as applicable to the Furchaser at Closíng all ofthe proceeds or âny right thereto Íïom anysuch condemnation.

7. Ðflr"rage or Destruction Prior to Closins. The Seller shall bear the risk of all loss ordamage to the Property from all causes through the time of recordation of the Ðeed (defined in SectionI 0. I . 1). In the event the Propefy should be damaged or deskoyed as a result of fire or other casualty orany other cause whatsoever whioh occurs prior to the Closing Date, the Seller shall promptly give thePurchaser written notice of such destruction or damage. The Purchaser shall have the option of either (a)

affinning this Agreement, in which event Seller will pay to the Purchâser åny insurance proceeds payableto the Seller therefor or assig* to Purshaser all ofseller's rights under any policy or policies of insuranceon the Property, as applicable, and proceed to Closing hereunder; or (b) terminate ilris Agreement andreceive the Deposit, in which event both Seller and Purohaser shall bc released from all furtherobligations and liabilities under this Agreement, except as otherwise expressly set forth in this

'{greement.

8. Ropresentations.4nd,lMa$,qnties.

8.1 Be.prespntations and Wananties of the Seller. In addition to any other covenants,indemnities, warrantios and representations made by the Seller herein, the Seller makes and agrees withthe Purchaser to the following representations and warranties, all of which are true and correct as to themattçrs sct forth therein as of the date hereof and, except as otherwise disclosed

to the Purchaser inwriting and agreed to by the Purchasero shall be true and concct on the Closing Date:

8.1.1 Authority. The Seller has thç capacity and authorþ, and all requisite actionshave been t¿ken and approvals obtained by the Seller to fully authorizø and empo\ryer the Seller to €xecutêthis Agreement and consummâte the h¿nsactions contemplated hereby. The Sellcr shall fi¡rnish to thePurchaser any documents reasonably requested by the Purshaser which evidence the capaoity and

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authority of the Seller (and the signatories acting on behalf of the Seller) to consummate the transactionscontemplated hereby.

8.1.2 Nq Confiigl. The authorization, exeoution and delivery of fhis .{greement and

the consumm¿tion of the kansactions contemplafed hereby, will not, with or without the giving of notice

or passage of time or both: (i) violate, conflict with or result in the breach of any ferms or provisions of orrequire any notice, filing, registration or furthcr oonsent, approval or authorization under: (w) the VirginiaHousing Development Aot or the bylaws or resolutions of the Seller; or (x) any statutes, laws, rules orregulations of any govemmental body applicable to the Seller, or its properties or assets; or (y) anyjudgment, decree, writ injunction, order or award of any arbitrator, cou$ or govornmental authorit)'binding upon the Seller or any of its respective properties or assets; or (z) any insh'ument or agreeme*t towhich the Seller or its properties may be bound or relating to or affecting all or any portion of theProperly; or (ii) result in any lien, claim, encumbrance or restriction on the proceeds of the sale of all orany portion ofthe Properfy or on any ofthe respective properties or assets ofthe Seller.

8.1.3 No P-rope¡fi_hteteçls. No person, frrm or entity has any rights to acquire or tolease all or any portion of the Properfy or otherwise to obtain any i*terest therein and there are nooutstanding options, rights offirst refi]sal or negotíation, ríghts ofrevertçr or rights offirst offer relatíng

to all or any portion of the Froperty or any interest therein, except any leases of units and common areas(including without limitation, any laundry roonrs and/or equipment) in effect as of thc date of Closing,which shall be assigned to fhe Purchaser at Closing pursuant to section 10,1.3.

8.1.4 Ì{o YiolaÍipnp. The Seller has received no notice of, nor does the Seller have anyknowledge of, any violations (collectively, "Violations'0, and individuaily, a "Violation') of anyapplicable local, state or federal law, ordinances, regulations2 or orders of any &deral, state or localgovernment department or agency having jurisdiction over or affecting the Properfy or the consfruction,managsrnenf, ownership, maintenance, operation, use, improvement, acquisition or sale thereo{including, without limitation, building, health and euvironmental laws, regulations and ordinances, and

equal access opportunity laws, regulations and ordinances (whether or not officially noted or issued). TheSeller shall provide the Purchaser with notice of any Violations of which the Seller obtains notice orknowledge between the Effective Date and the Closing Date.

Ll.s l-'lç ForsiÊn Pçrson. The Seller is not a foreign person within the measing ofSection 1445 of the Internal Revenue Code, as amended.

8.1.6 l.Io $pçcial Proc..eedings. There are no pending or, to the knowledge of the Seller,contemplated; (i) annexation or condemnation proceedings affeotÍng, or which may affect, all or anyportion of the Property; (ii) proceedings to ohange or redefine the zoning classification applicable to anyportion of the Properly; or (iii) changes in road pattems or grades which may adversely affect access toany roads providing a means of ingress to or egress from the Froperty.

8.1.7 Pending Actions or Investigations. The¡e arç no actions, suits, proceedings,claims, orders, decrees or judg:nents affecting the Propefy, or any portion thereof, or relating to or arising

out of the ownership, management, operation, use or occupancy of the Property or any portion thereofwhich are pending or have been prosecuted for a period of thirly (30) days or more or, to the knowledgeofthe Sellor, are pending or have been prosecuted for less than thirfy (30) days, in any court or by orbefore any federal, state, or local government department, oommission, board, bureau or agenoy or othe¡governmental instrumentality; and, to the knowledge of the Seller, no such actions, suits, proceedings,

claims, orders, decreçs or judgments have been threatened or asserled. The Seller is not a parly to orsubject to any judgment, wrif decree, iqjunction or order e4ioining or reshaining it from conducting anybusiness in respeot of the Property. There are no outstanding unpaid judgments that are liens against the

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Properfy. In the event that any action, suiÇ proceeding, claim, order, decree or judgment described in thisSection Ll.7 exists or is pending as of the Closing Ðatc, the parties shall deposit into an escrow accountwith the Escrow Agent at Closing a portion of the Purchase Price sufficient to provide for the timelypayment of any and all claims, Iosses, costs and expenses (including reasonabls afiorneys' fees) arising iaconnection fherewith, which amount shall be determined by Purchaser in its reasonable discretion.

8.1.8 Bnvironmental. The Seller represents and warrants that, to the best of itsknowledge, there æB no hazardous or toxÌc wastes and substances oll, about or affecting (directiy orindirectly) the Properïy. For the purposes of this Agreement, "hazardous or toxic wastes and substances"

are defined as those substances, materials, and rvastes, including but not limited to, those $ub$tances,

materials and wastes listed in the United States Department of Transportation Hazardous Matcrials Table(49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances (40 CFR Part302) and amendments thereto, or such substances, materials and wastes which are regulated under anyapplicable local, state or federal law, including, without limitation, zury material, waste or substance

which is (i) peholeum, (ii) asbestos, (iii) polychlorinated biphenyls, (iv) designated as a HazardousSutrsûaace pursuarrt to Section 33 i of the Clean Water Act, 33 U.S.C. Sec. 1251, et. seq, (33 U.S.C. 1321)or listed pursuant to Seotion 307 of thE Cleau TVater Act (33 U.S.C. Sec, 1371) (v) defined as a haza¡dous

waste pursuant to Section 1004 of the Resource Conservation and Recovery Act,42 U.S.C. Sec. 6901, et.

seq. (42 U.S.C. Sec. 6903) or (vi) defined as hazardous substa*ce pursuant to Section T01 of theComprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Sec 9601, et. seq.(42 U.S.C. e6ol).

8.2 Representations and lVþuau]tief-*sf"lhg-luslgËgr. In addition to any othercovenants, indomnities, warranties and representations made by the Purohaser herein, the Purohaser

makes and agrees with the Seller to the following representations and warranties, all of which are true and

correct as to the matters set forth therein as of the date hereof except as otherwise disclosed in writing tothe Seller and agreed to by the Seller, shall be true and correct on the Closing Date:

8.2.t Authority. Thç Purchaser has the capacify and authorily, *nd all requisite actions

have been taken and approvals obtained (or will, within a reasonable time hereafter, be taken and

obtained) by the Purchaser to fully authorize and empower tlre Purchaser, to execute this Agreement and

consummate the transactions contemplated hereþ. The Purcliaser shall fumish to thc Seller anydocuments reasonably requested by the Seller which evideuce the capacity and authority of the Purchaser(and the sigratories acting on behalf of the Purohaser) to consumtnate the transactions contemplated

hereby.

8.2.2 No Cqìflicj. The authorization, execution and delivery of this Agreement andthe consummation of the transactions oontemplated hereby, will not, with or without fhe giving of noticeor passage of time or both: (i) violate, conflict with or result in the breach of any terms or provisions of orrequire any notice, filing registration or further corisent, approval or authorization under: (w) the

operative docurnents by which the Purchaser is governed, inol:rding without limitation any and all articles

of incorporation, partnership agreæments, operating agreement$, bylaws, resolutions and other inshumentsor documents; (x) any statutes, laws, rules or regulations of any governrnental body applicable to the

Seller, or its properties or assets; or (y) anyjudgmen!

decree, writ, injunction, order or award of anyarbitrator, court or governmental authority binding upon the Purchaser or any of its respective properties

or assets; or (z) any instrument or agreement to which the Purohaser or ìts properties may be bound; or (ii)result in any lien, claim, encumbranse or restriction on the Propetly or on any of the respective properties

or assets ofthe Purchaser.

8.3 Effect pl.Çhangç in Rç.p¡esentationq. For the period &om and including theEffective Date to and through the Closing Date, the Seller and the Purchaser shall each be obligated to

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advise the other party, as applicable, of any change which re*ders any representation made by such parfyin this Agreement unkue or materially misleading. In the event that such notice is delivered from onepar{y to the other, and if such oircumstances as are set forth in such notice materially and adversely affectthe rights and obligations of the party receiving such notice, the parly receiving such notice shall have theoption, at its election, lo terminate this Agreement, and if so terminated by the Purchaser, the Deposit

shall be rehrnsd to the Purchaser, and the parties shall be released from all futrue obligations arrdliabilities under this Agreement, except as otherwise expressly set forth in this Agreemenf. Íf thecircumstanccs that render a representation untrue or materially misleading have resnlted from the willfulacts or gross negligence of the parly which geve thc representation, then in additÍon to the terminationrights set forth in tlre previous sentence, tho parly that receives notice of such change of circumstancesshall have all rights ¿vailable to it at law or in equity for a breach of this Agreement by the parly that gave

notice of st¡ch circumstasces, and suoh riglrts shall survive the termination of this Agreement.

9. Çoqdiliqns Precedeql.

9.1 Conditions Prccedent to Çblig{tipp gf the P!¡rclìâser. The obligation of thePnrchaser to closc the purchase of the Property in aecordance with this Agreement shall be subjeet to thefulfillment of the following conditions precedent, the failure of any of which shall entitle the Purchaser

either to waive such condition or to terminate this Agreement in accordanoe with the terms hereof. IfPurchaser elects to terminate this Ageement due to the failure of any condition listed herein, Purchasershall so notiff Seller in writing prior the Closing, in whioh event the Deposit shall be retumed to theP*rchaser, and nethçr party hereto shall have a claim against the other under this Agreement, except as

otherwise expressly set forth in this Agreement. If no such notice is given before the Closing, allconditions set forth herein shall be considered to have been satisfied or waivcd by Purchaser. Regardlessof whether any such conditions are deemed to be so waived, Seller shall no! without the prior writtenconsent of Purchaser, take any actiorr or fail to take any aotion prior to the Closing that would adverselyaffecf thc satisfaction of any of such conditions as of the Closing Daie. The conditions are as follows:

9.1.1 Condition of.Titlq, Title to the Property shall bç in such a oondition as isconsistent with the requirements of Section 10.6 hereof, and the Purchaser shall be able to obtain a tiflepoliey, at regular rates, tbr the Properfy from a title company as described in Section 10.6 hereo{ and

containing such usual and customary endorsements as may be reasonably requesfed by the Purshaser.

9.1.2 ó.ccgsq. All direct access (through permifled culb cuts) to publio rights-of-way ineffeet on the Effective Ðate shall not have been altsred or diminished.

9.1.3 UXilitiçS. The Property shall be served with potable water, public sewer,elechicþ natural gas, telephone, cable and other utilities provided to the Propely as ofthe EffectiveDate without necessity of obtaining easements across property not owned by the Seller.

9.1.4 Enyilonnçntal Contamination. The Properly shall be free of hazardous or toxicwastes and subst¿nces,

9. 1.5 TaX" Çfçdits. The Purchaser must be able to obtaina reservation

offederal

low-income housing tax credits in ¿n amount satisfactory to the Purchaser, in its sole discretion, in the year2009.

10. Closing Mechanics. Should all conditions set forth in Section 9 eithcr be met or bewaivcd by the Purchaser and Seller, as applicable, the following provisions shall govern the Closing:

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10.1 The Seller's Obligatjç'-n_ç_at_ Cl_osing. .{t or prior to Closing, the Seller shallcomply with thc following obligations:

10.1.1 Çpnyeyance Deed. The Sellcr shall deliver to the Purchaser or its designee agood and sufficient general warrant¡r deed (the "Deed') for the Land and Appurtenances, in fcrm for

recording, duly executed and acknowledged by the Seller, so as to convsy title in such Properly free andclear of any malte¡s other than Permiued Exceptions (as defined in Section 10.6).

10. 1.2 Intentionall)¡ Omitted.

10.r.3 rntçnfipn+th emilred.

10.1.4 O¡yner's Affidavit. The Seller shall deliver to the Purcbaser a standard o\ryner'saffidavit sufficient for the Purchaser to obtain title insurance for the Froperty free from all exoeptionsother than Permitted Ëxceptions.

10.1.5 Cancellatio_n.çf Exigtins IndclXcdness. The Seller shall deliver a satisfaction ofmortgagg cancellation or reconveyance of deed of trust or partial release, as the case måy be, inrecordable form and executed by the holder of any existing indebtedness which is secured in whole or inpart by all or any portion ofthe Properfy, in a form as shall be sufficient to satisff ofrecord the existingindebtedness with respect to such Property.

10.1.6 Poss-e-ss_ion. The Seller shall vacate the Properly ancl deliver to the Purchaserçxclusive possession ofthe Property, subject only to the Permitted Exceptions.

10.1.7 A dAvit qf-Nqn@. The Seller shall deliver to thePurchaser a certificate or affidavit duly complefed and executed by the Seller as required under TreasuryRegulation i . 1445-2(bx2xiiÐ.

10.1.8 Other Documents. The Seller shall deliver to the Purchaser such otherdocuments as may reasonably be requirecl to consummate the Closing in accordance with the terms of thisAgreernent.

10.2 The_Purchase¡'s Obligatiens.at Clpsing. At Closing, the Purchaser shall pay ordeliver, or shall cause its designee or assignee to pay or deliver, to the Seller, upon delivery of thedocuments enumerated in Section 10.1, the Purchase Price (a{ustod as required for deiivery of theDeposit) and such documents a$ may reasonably be required to consummate the Closing in accordaucewith the lprms of this Agreement.

10.3 In addition to âriy other costs, expenses and feestraditionally prorated between buyers and sellers of re¿l propefy in the Commonwealth of Virginia" ands*bject to dte terms of this Agreement, the following items shall bc adjusted between the Seller and thePurchaser and shall be prorated as of the Closing Date:

10.3,1 Taxes. A proportionate sharc of any real estafe tåxes, payments in lieu of realestate taxes, ad valorem and personal properly taxes, and any other state, county and municipal taxes,charges and assessments (special or otherwise), on the basis of the oalendar or tax year for which thesame are levied, imposed or assessed, and regardless of when the same become a lien or are payable. Ifthe rate of any such taxes, eharges or assessments shall not be fixed prior to the Closing Date, theadjusfment thereof at the Closing shall be upon the basis of the rate for the preceding calendar yearapplied to the l¿fest assessed valuation (or other basis ofvaluation).

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I 0.3.2 Tnteqfiç,.[q.Jly Oruittsd.

10.3.3 Inteutiqnally g.rnitfed.

1 0.3.4 Intentj_oJìslly,9mitfqd.

10.4 ÇoSJS. The costs of canceling any existing indebtedness and the costs for thepreparation of the Þeed and any other documents delivered by tlrc Ssller to the Purchaser at Çfosing shallbe paid by the Seller at Closing. Costs for the reports and inspections under Section 5 hercof, the owner'sand lender's policies of title insurance and any special title insurance endorsements, survey, and allreoording taxçs and fees shall be paid by the Purchaser at Closing. The Seller and the Pnrchaser shalleach pay their respective attorneys' fees.

I0.5 Brokerc. The Seller and the Purchaser represent to each othsr that neither parlyhas engaged the sçrvices of a real estate broker or agent in negotiating or consummating thc sale andconveyance of the Properly âs set forth herein, and each party hereby (to the extsnt permitted byapplicable law) indemnifies and holds the other harmless from and against any claims for commissions

together with any costs and reasonable attorney's fees incurred by such parly in defending against suchclaims, res*lting fron: any breaoh of the reprosenlations set forth herein. Such indernnificationobligations shall survivç any termination of this Agteement and the Closing.

10.6 Titþ. During the Inspection Period, the Purchaser shall obtain from a titlecompany selected by Purchaser a preliminary title comrnitment for the Property (along with legible copiesof all documents creating exceptions thereunder), and the Purchaser shall promptly examine thçpreliminary title commitment and documents relating thereto. Within the ïnspection Period, thePurshaser shall noti$ the Seller of any defects in title in such cornmitrnent to whish the Purchaserobjects; provided, however, that the Purchaser shall have no obligation to object to defects relating todeeds of hust, mechanics' liens, judgmcnts or auy other defect which may bs cured by the application ofproceeds of the Purchase Pricc at Closing ('Lien Þefec1s"); provided furtheç that in the case of defectswhich arise aller the effeotive date of the Purchaser's title commitment for the Property ("Post-Commitment Ðefects'o) and to which the Purchaser objects, the Purchaser shall notifo the Seller of suchobjections prior to the Closing (any defect in title to which the Purchascr objects under this Section 10.6in referred to herein as '"Title Objections"). It is thc intention of the parties that Lien Ðefects shallautomatically qualiff as objections to title, and the Purchaser shall appty all or any portion of thePurchase Price at Closing in the amount necessary to cure Lien Defects. For any Title Objections (otherthan Lien Defects) wherein the Purchaser has delivered notice to the Seller of the Purohaser's objectionthereto, the Seller shall have fifteen (15) days from the receipt of such notice or notices within which tonotifu the Purshaser as to whether the Seller elects to cure all or any of such Title Objections raised by thePurchaser. If the Seller does not so nofi$ *re Purchaser within such 15 day period, the Seller shall bedeemed to have elected not to cure such Title Objections. All exoeptions to title which are not LienÞefects and as to which the Purohaser has not objected pursuant to this Section 10.6 shall be deemed

"Permitted Êxceptions." In the event the Seller has given such notice to the Purchaser eleoting to cure

any Title Objections, the Seller shall be obligated fo effect such cure on or before the Closing Date orsuch later date æ shall be necessary to effect such cure, which date shall not be later than sixty (60) daysafter fhe date in (i) of Section 4 hereof. In the event the Seller elects not to cure all or any of the TitleObjections, ar elects to cure but fails to successfully cure ariy Title Objections prior to Closing, thePurchaser shall have the right, exercisable at any time prior to Closing by giving notice to the Seller, toeither: (i) terminate this Agreement ¿nd receive a refund of the entire Deposít, in which event, neitherparfy shalt have a clairn against the other u¡der this Agreement, except as otherwise expressly set forth inthis Agreement; or (ii) waive the uncured Title Objections and close under the terms of this Agreement.

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11. Matters Çoucemins the Deposit.

I I.1 +{ccount. The Deposit shall be deposited and held by the Esorow Agent in itsinterest bearing trust account.

i1.2 Delivery of the Deposit. Escrow Agent will deliver the Deposit in accordancewith the following provisions:

(Ð To the Seller upon consummation of the Closing to be applied toward thePurchase Price;

(iÐ To the Seller upon receipt of a wrilten notice from the Seller stating fhat theSeller is entitled under this AgËeement to the Deposit and demanding payrnent of the same, provided,hortever, that Escrow Agent will not honor such demand until not less than ten (10) days after the date onwhich Éscrow Agent shall have delivcred (by registered or certified mail, return receipt requested) a copyof such notice and demaud to the Purchaser.

(iiÐ To tbe Purchaser upon receipt of a written notice from the Purchaser stating thatthe Purchaser is entítled under this Agrcement to the Deposit and demanding payment of the same,provided, however, that Escrow Agent will not honor such demand until not lsss than ten (10) days afterthe date on which Escrow Agent shall have clelivered (by registered or cerlilied mail, return receþrequested) a copy of suoh notice and demand to the Seller.

12.

l2.l Findiqg Effeqt. This Agreement and all oovenants, terms, conditions, warranties,and rmdertakings contained herein, and all amendmçnts, modifications and extensions hereof, as

applicable, shall be binding upon and shall inure to the benef-rt of the parties hereto and their respectiveheirs, executors, administrators, personal representativesä successors and permitted assigns.

12.2 [inal AÊreemegt, This Agreemeut contains the final and entire agreementbetween the parties, and they shall not be bound by uny terms, conditions, stateme*ls, warrantiss orrepresentations, oral or written, not herein contained-

12.3 Amendmçnt. This Agreement shall not be modified except by inslrument inwriting executed by the parties hereto.

12.4 Notices. All notices, demands and request whioh may be given or which are

required to be given by either party to the other must be in writing. All notices, demands and reguests bythe Purchaser or the Seller shall be senú either by fax, with a copy by certified mail, return receiptrequested, postage prepaid, or by delivery through a nationally-recognized overnight oarrier (the

'"Carriero') that can provide written proof of delivery, and addressed as follows, or to such other address as

a parly may specify by duly given notice:

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IF TO SELLER: Accomack-Northaurpton Regional Housing AuthorþP.O. Box4i723372 Front StreetAccomack, VA 23301Attn: Mr. David AnnisFAX Numbe ,: -lïT:{lÍ-4t7 I

Mill Run Apartments, LLCP.O. Box41723372 Front StrectAccomack, VA 23301Attn: Mr. David AnnisFax Number "lffi "3.ßÍ: *f,.q I

Notices, demands and requests, if delivcred in the utannçr aforesaid (unless otherwise specificallyprovided herein), will be dçemed received for all purposes hereunder: (i) if sent by fax, on the dato ofdelivery; and (ii) if sent by overnight,carrier, on tfie date which is the confirmed date of delivery.

12,5 Qpvçfnin$ L" a¡V. This Agreement shall be governed by, and construed anditrferprokd under, the laws and judioial decisions of the Commonwealth of Virginia.

12,6 The Pulgh¿ser's Defau-lt. If (0 any representation and warranty by the Purchasercontained in this Agxeement shall not be kue and conect as of the closing Þate; (ii) any condition to theSeller's obligation to close shall fail to be fr;lfilled or waived; or (iii) the Purchaser shall be in materialdefault in the performance of any of its covçnants or obligations under this Agreement, the sole riglrt ofthe Seller shall be to recover from Escrow Agent, and the sole liabilify of the Purcha{irr or its assignee

shall be to pây, Iiquidated damages equal to the aggregate âmount of the Ðeposit, such amount beingfixed as such byreason ofthe fact that the actual damages to be sufflered by the Seller in such event a¡e intheir nature uncertain and unascertainable with exastness and because tåe Purchaser would not haveentered into this Agreement unless the Purchaser was exculpated from personal liability as hereinprovided. The Sçller shall not seek or obtain any money or other judgment against the Purchaser or anydisclosed or undisciosed offrcer, commissioner, director or employee of the Purchaser or its assignee, oragainst the assets or estate of the Purchaser or its assignee or any of the foregoing persons, and theSeller's sole recourse for payment of said amount shall be, witir respect to a default of the Purchaser, tothe value of the Deposit. Nothing contained in this Section 12.6 shall limit the liability of the Purchaserto the Seller under Section 5, Seotion 10.3 .4 or Section 10.5 of this Agreement.

12.7 Thç Selleflç Þqfaqll. Notwithsfanding anything in this Agreement to theconkâry,

if:(i) any representation and warranty of the Seller contained in this Agreement shall not be fue

and co¡rect as of the Closing Date; (ii) any condition to the Purchaser's obligation to close shall fail to befulfilled or waíved; or (iii) the Seller shall be in material default in the perfonnance of any of itscovenants or obligations under this Agreement, then the Purchaser's remedies prior to the Closing shall beto elecfi (x) to terminate this Agreement and thereupon to receivç a return of the Þeposit and to bring an

action against the Seller seeking reimbursement for the Purchaser's direc! out-of-pocket reasonable costs,

including, but not limited to third party due diligence fees such as inspections, survey, title work, legalfees, appraisal fees and loan fees, provided the amourrt of sueh reimbursement shall not exseêd the

IF TO PURCHASER:

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amount of the Deposit; or (y) to bring an action for specifio porfonnance to compel the Sellcr to oure anysuch material default, breach of warranty or miuepresentation or to fulfill any such condition or performany suoh covenant or agreement of fhe Scller contai*ed in this Agreement to be performed by the Selleron or prior to the Closing Date and, as part of any such action for specific performance, to seek to recoverany direct, out-of.pocket reasonable costs incurred by the P*rchaser irt connection with such speoific

performance action, provided the amount of such reimbursement shall not exceed tlre amonnt of theÞeposit; or (z) to expressly waive in writing any such defaulg trreach of warranty or misrepresentation orthe nonfulfillment of any such condition or failure of the Seller to perform any such covenaüt oragrc€ment of the Ssller contained in this Agreement to be performed by the Seller on or before theClosing Date" Upon completion of the Closing, the foregoing remedies shall be deemed fo be waivod byFurehaser.

12.8 lfaiver. Faih"rre to insist upon shict compliance with any of the terms,covenants, or conditions hereof will not be deemed a waiver of the tenn, covenant, or condition" nor willany waiver or relinquishment of any right or power at any onc time or mors times be deemed a waiver orrelinquishment of ths right or power at any other time or times,

I2.9. Sgvcrability. This Agreen:ent will be construed in its entirety and will not be

divisible, except fhat the invalidity or unenforceability of any provision hereof will in no way affect thçvalidity or enforceability of any other provision.

12.10 Tilne. Timc is of the çssence in the performance of this Agreement.

l2.II Captíons. Captions aro used in this Agreement for convenience only and will not

be used to intorpret this Agreement or any part of it.

12.12 Çpg¡nterparts. This Agreement may be executed in two or mora counterparts and

shall be deemed to have become effective when and only when one or ¡norc of such counterparts shallhave been sþed by or on behalf of each of the parties hereto (although it shall not be nece $ary that anysingle countorpart be signed by or on behalfofeach ofthe partios hereto, and all such counterparts shallbe deemed to constitute but one and the same instrument), and shall have been delivçred by each of theparties to each other.

12.13 Faosimile Signatu:es. Facsimile sigaatures will be cousidered original signaturesfor the purpose of execution and enforcement of tlre rights delineated in this Agreement.

12.14 Çonstructiou4dvice Qf Çor¡*ç-el. The parties âgree that each has consulted withan attorney who has actively participated in fhe drafling and negotiation of this Agreement and that theprovisions of this Agreement will not be construed in favor of either party.

tN WITNËSS îVHEREOF, the parties have caused this instrument to be duly executed, underseal, by authority duly given, as of the date first written above.

[Signatures on Following Page]

t0

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SELLËR:

^A.CCOMACK-NORîIIÅMFTON REGre¡TÁ,L

HOUSING Á.UTIIORITY, a politícal subdivisionCommolrwealth of Virgínia

PURCÍ{ASER:

Mtr"t Rrr¡{ APARTMENT$' LLCBy: lVlill Run Devtlopment CorporationIts M*raging Meurber

By:Narne:Title:

of tho

.1

directcr

1T

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Ð{IIIBIT Á.

ÞESCRIPTION OF RBAL ESTATE

Alt that certain tract or parcel of land situate ne¿r Shield's Brídge, in the Town of Belle Haven,

Pungoteague Magisterial Ðistrict, A.ccomack County, Virginia, containing in the aggregate, 14 acres, as

shown on a cerûain plat of survey entitled, "Various Parcels of Land Surveyed at the Request Of the

Ascomackì.Torthampton l{ousing Authority. Located near Shield's Bridge, Town of Belle Haven,

Pungoteague Dishic! Acsomack County, Virginia"" dated November 21,1995, revised on February 27,

1996, and made by Shore Engineering Co., Inc., to which plat express reference is made for a more

particular desorþion of the property herei* conveyed. Said traot or parcel of land is boUnded generally

on the Nortlwast by the land of John H. Duer, III, and the land of Gilinda Phillippe, as shown on said plat;

on the South east by the land of Cathcrinç Ðunton Mapp and {he land of Paul F. Garner, as shown on said

pla[ on the Soutlrwesf by State Route 178 and various lot properties, as shÕwn on said plat; and on the

Northwestby the land of John H. Ðuer, IIf, as shown on said plat.

And Being all of the same properly conveyed to Accomack-Northampton Regional Housing

Authority by Deed of Gift from Accomack-Northanrpton Housing and Redevelopment Authority, dated

March l, 1996 and recorded in the Office of the Clerk of Court of Accomack County on March 28ù,

1996, as Inslrument Numbcr 960001268, Ðçed Book712, Page I13.

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Tab L

Plan of' Development CertificationLetter'

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TÛ\ryN TF BELLÐ HAVENPlan of Ðevelopxnent Certification

TO: Virginia Housing Ðevelopment Authority601 South Belvidere StreetRichmond, Virginia 23220Attention: Jim Chandler

RE: PLAN OF ÐËVBLOPMËNT CERTIFICATION

Name of Development; Mill RunName of Owner/Applicantr Mill Run, lLCName of Seller/Current Owner: Accomack-Northampton Regional Housing Autlrority

The above-referenced Owner/Applicant has asked this office to complete this form ietterregarding the site plan of the proposed Development (more fully described below). This certificarionis rendered solely fol the purpose of confirming the st¿tus of plan of development or site plan approvalof the Development. It is understood that this letter will be used by the Virginia HousingDevelopment Authority solely for the purpose of determining whether the Development qualifíes fûrpoints available under VHDA's Qualified Allocation Plan for housing tax credits.

DEVELOPMENT ÐESCRIPTION: (To be provided by the Owner)

Development Address (should correspond to I.4.2 on pâge 1 of the application)l35388, 35390, 35394, 35396,3540û, 354A2, 35406,35408, 35412, 35414, 35418,3.s4?0,

,. ,, ".-*"35424,35426 Mill Run Lane and lots 1i9-4-4, 119-4-8, 119-4-C, 119-4-D, and119-A-20C

Legal Description (should couespond to the site control document in the application):See attached

Plan of Development Ncmber:

PO BOX 238 | rnonr (757)442-5031Belle Haven, VA 23306 I rnx (757W2-6L48

.'. , I Ie-r'1rul ,townAfbçlleh¡Ven@v€ri¿on,n9!.:'.. .."-. .. | :

t'.. . "

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PLAN OF DEVELOPMENT CERTIFICATION, continued

Proposed Improvements (should correspond with i.B & Ð and IIÍ.A of the application):

XI New Construction¡ 12 # Units 6 # Buildings lO48 Total Gross Floor Area

fl Rdaptive Reuse: # Unia # Buildings2 ' ' "

Total Gross Floor AreaK nenaHtitåt¡on: 14 # Unit¡ 7 # Buildings îîö9* Total Gross Floor Area

3

Other Descriptive Information: (Should correspond with information in the application)

lllCAL CERTIFICATION: (To tre completed by the appropriate local official)

Check one of the following as appropriate:

The proposed development described above has an approved final plan of developmenf or siteplan (as applicable to fhe site). No further plan of development or site plan approval isrequired before issuance of a building permit.

The proposed development is an existing development with proposed renovations and noadditional plan of development approval is needed.

The above plan of development approval is in effect until:

Printed Name:

Title:

Phone:

Date:

E

m

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ÐilIIBITA

DESCRIPTION OF RBAL ESTATB

All that cert¿in tract or parcel of land situate near Shield's Bridge, in the Town of Belle Haven,

Pungoteague lvlagisterial District, Accomack County, Virginþ containing in the aggregate, 14 acres, as

shown on a cerûain plat of survey entitled, "Various Parcels of Land Surveyed at the Request Of the

Accomack-Northampton Housing Authorify. Located near Shield's Bridge, Town of Belle Haven,

Pungoteague District, Accomack County, Virgini4" dated November 21, 1995, revised on February 27,

1996, and made by Shore Engineering Co., Inc-, to which plat express reference is made for a more

particular description ofthe property herein conveyed. Said hact or parcel of land is bounded generally

onthe Northeasl by the land of John H. Duer, IlI, and the land of Gilinda Phillippe, as shown on said plat;

onthe South eastby the land of Catherine Dunton Mapp and the land of Paul F. Garner, as shown on said

plat; on the Soutlw,esf by State Route 178 and various lot properties, as shown on said plat; and on the

Northwestby the land of John H. Duer, III, as shown on said plat,

And Being all of the same properly conveyed to Accomack-Northampion Regional Housing

Authority by Deed of Gift from Aocomack-Northampton Housing and Redevelopment Authorþ, dated

March l, 1996 and recorded in the Office of the Clerk of Court of Acoomack County on March 28ù,

1996, as Inshument Number 960001268, Deed Book7l2, Page I13.

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Tab M

Zoning Certifïcation Letter

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TÛ\ryN $F BELT,E TTAVEN

Zoning CertÍfication

TO: Virginia Housing Development Authoriry601 Souttr Belvidere StreetRichnrond, Virginia 23220Attention: Jim Chandler

RË: ZONING CERTIFICATION

Name of Development: Mill Run

Name of Owner/Applicant: Mill Run, LLCName of Seller/Currenf Owner: Accomack:Nqrthampton $ggipnal tlg,using Authoriry

.

The above-referenced Owner/Applicant has asked this oftice to complete this form letter

regarding the zoning of the proposed Ðevelopment (more fully deseribed below). This certification is

rendered solely for the purpose of confirming proper zoning for the site of the Development. It is

understood that this letter will be used by the Virginia Housing Development .{uthority solely for the

purpose of determining whether the Development quâlifies for points available under VHDA's

Qualified Allocation Plan for housing tax credits.

ÐBVELôPMENT DESCRIPTION: (To be provided by the Owner)

Development Address: (Should correspond to t.4.2 on page 1 of fhe application)

35388, 35390, 35394, 353?ó, 3540i,"35402, 3540ó, 35408, 35412, ,354,¡4, 354.l8, 3.Þ49), q5424,35426lMill Bgn Lane and Lots 119-4-4, 119-4-8, 119-4-C, ll9-4-D and 119-4:?9Ç.

Legal Description (should correspond to the site contlol docu¡nent in the application):See atgached

Po 80X 238Belle Häven, VA 23306

PHoNE (757)442-5031FAX (7s7)44z6!48E-MAIL' [email protected]

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ZONING CERTIFICATION, Page Two

Proposed Improvements (should correspond with LB & D and IILA of the application)l

EI New Construction¡ l2 # Units 6 # Buildings 1048 Total Gross Floor Area2

fl Adaptive Reuse:X Renan¡¡itarion¡ # Uni*14 # Units # BuÍldings# Buildings I 1093

Total Gross Floor AreaTotal Gross Floor Area

Current Zoning: R-2 Residential Mixed allowing a density ofunits per acre, and tle following other applicable conditions:

26,000 SF Lqt per 2 Unit Ðuplex

Zoning is proper only if the properry on which the deveiopmenf is or will be located complies withexisting zoning requirements; provided, however, that if the zoning is not residential wifh arr "R"

designation, zoning will not be deerned to be proper, unless tlle chief executive officer of the localitycertifÏes, on behalf of such localÍty, approves the request of the above-referenced Owner/Applicant tosuch locality fhat the zoning be deemed to be prûper for the sole purpose of awarding points under the

Qualified Allocation Flan, notwithstanding that the zoning for the property does not have an "R"designation.

Other Descriptive Information: (Should couespond with information in the application)

LOCAL CERTIFICATION: (To be completed by the appropriate local official or Civil Engineer)

Check one of the following as appropriate:

X The zoning for the proposed development described above is proper and currently is ân "R"zoning designation or a special use permit has been issued. To the best of my knowledge,there are presently no zoning violations outstanding on this properfy. No further zoningapprovals and/or special use permiis are required.

The development described above is an approved non-conforming use in ân "R" zoningdesignation. To the best of my knowledge, there are presently no zoning violationsoutstanding on this properfy. No further zoning approvals and/or special use permits are

required.

n

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ZONING CERTIFICATION, Page Three

t] There are no zoning requirements currently applicable to t¡re site described above.

Mayor(Title of Local Official or Civil Bngineer)

Phone: 757-442-7189

Date:

To be completed only by Chief Executive Officer (applicable only if zoniqg does not bsve "R"designation):

n The zoning for the proposed development does not have an "R" designation, however, thechief executive officer of the tocalify certifies in the space provided below thaf he/she has, onbehalf of such localiry, approved fhe request of the above-referenced Owner/Applicant to suchlocalify fhat the zoning be deemed to be proper for the sole purpose of awarding points underthe Qualifred Allocation Plan,

The undersigned, who is the chief executive officer of the City ofBelle Haven , Virginia, hereby certifies that he/she has, on behalf of such locality,

approved the request of the above-referenced Owner/Applicant to such locality that the zoningbe deemed proper for the sole purpose of awarding points under the Qualified .A.llocation Plan,norwithstanding thaf the zoning for the properÍy does not have an "R" designation.

(Signature)

Marion F. Long(Printed Name)

Mayor(Title of Chief Ëxecutive Officer)

Date:

(SÌgnafure)

Marion F.(Printed Name

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MilIIBITA

DËSCRIPTION OF REAL ESTATB

All that certain fact or parcel of land situate near Shield's Bridge, in the Town of Belle Haven,

Pungoteague Magisterial District, Accomack County, Virginþ containing in the aggregate, 14 acres, as

shown on a certain plat of survey entitled, "Various Parcels of Land Surveyed at the Request Of the

Accomack-Northampton Housing Authorify. Located near Shield's Bridge, Town of Belle Haven,

Pungoteague District, Accomack County, Virginia," dated Novembet 21, 1995, revised on February 27,

1996, and made by Shore Engineering Co., Inc., to which plat express reference is made for a more

particular description ofthe property herein conveyed. Said ftact or parcel of land is bognded generally

on the NortÍtea$ by the land of John H. Duer, [II, and the land of Gilinda Phitlippe, as shown on said plat;

onthe South eastby the land of Catherine Dunton Mapp and the land of Paul F. Garner, as shown on said

plat; on the Soutlmesf by State Route 178 and various lot properties, as shown on said plat; and on the

Norlhwestby the land of John H. Duer, III, as shown on said plat.

And Being all of the same properly conveyed to Accomack-Northampton Regional Housing

Authority by Deed of Oift from Accomack-Northampton Housing and Redevelopment Authorþ, dated

March l, 1996 and reoorded in the Ofüce of ths Clerk of Court of Accomack Coqnty on March 28ù,

1996, as Inskument Number 960001268, Deed Book7l2,Yage 113.

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Tab N

Copies of 8609s To CertÍfyf)eveloper Experience

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Ê^t609ol¡E tlo,1{4¡ð988

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Low-lncome Hous¡ng Cred¡tAIIo cation Certlfloaff on

ø9/25/2ØØ8 L5242 757-7A7-4221. ANPDC PAGE ø2Tt!

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,"* 8609(Rev. December 2006)

Deparlment of lhe Ïleæury

Low-lncomeAllocation

Housing CreditCertification 0MB No. 1545.0988

Allocation of Credit.

Check lf: tr Addition to Qualäìed Basis n AmendedForm

A Address oi buildíng (do not use P. O. box) þee ínsûuctions)

26463 Me-Lornpkin RoadParksiey, VA 23421

G Name, address, and TIN of buildlng owner receiving allocation

Äccomack Manor, f,i,cL9 Si.Iversi¡and PlaceThe tr{oodl anos, Tx 7738L

TIN > 73-1727593

B Name and address of housing credlt agencyVirginia fiousíng Devetopment Authoïity601 S. Belv1de¡e SL_reea

Richmond, VÂ 23220--6504D Employer identificalion numbor of agency

54_0927892

E Building identification number (BlN)

vAO50200i

1a Date of allocation y !2 / 9 / 05 b Maxlmum housing credit doilar arnount allowable,

J Maximum applicable credil pe¡centage allowable

Maximum qualified basis

lf the eligible basis used in lhe computation of line 3a was increased, check the applicable boxand enter lhe percentage to which the eligible was inereased (see instructions)

! Building loæled in the Guif Opporiunity (GO) Zone, Rita GO Zone, or Wilma GO Zone[l Section 42(dX5XC) high cost area prorrisions

Percentageoftheaggregatebasisfinancedbytax-exemptbonds, (ifzero,enter-0-.)

Datebufldingplacedinservice. ¡ s/e/07

$ 670, BB0

7 .95Yô

ç8 , 438 ,7 42

iignature of Auihorized Housing Credit Agency Officíal - Compfeted by Housing Credil Agency OnÍy

7

8¿

Underpenaitiesofperjury,ldecJarefhattheaJ|oca{ionmadejsincompliancewiththerequirementqofseclion@and lhat I have ihis of my knowledge and beliel lhe information is kue, coriect and comofete,

,TAMES M. CEANDLER

| AúTEoRfzED oFEfcER ISignature of Name (please type or print)

First-Year Certification - Completed by Buil Owners with respeøt to the first Year of the Credit Period

Eligìble basis ofbuilding (see inslructiohs)

Original qualifìed basis of the building at close of first year of credit period

b Are you lreatíng this buílding as part of a muftiple buildÍng projectfor purposes of section 42 {seeinstruclions)?

9 a lf box 6a or box 6d ís checked, dô you elecf to reduce etigible basis under section (42(I)(2NBI?

b For markelrate unÍts above the average quality standards of low-income unils in the buÌldlng, do you electlo reduce elígible basis by disproþortíonate cosis of nonlow income units under section 42(d)(3){B)? . . , , .

10 Check the approprÌate box for each elecfion:

Gauiion: once ma de, the fotlowlng elecUons arc ircvocable,

a Elect io begin credit period fhe first year afrer lhe buifding is placed in servíce {section 42(f)(1)}b Elect not to treat large partnership as taxpayer (section 42fi)(S)) . . . . ,

trNonNo

No

No

D

tr

é-/3-*

tl Yes

ü Yes

fJ Yes

n Yes

c Eiecf mlnfmum selaside requlrement (section 42(g)) (see insfructions) 20-50d Elec{ deep rent skewed project (section 142(

40s0rf, Yes

Ü 25so (N.Y.c. onry)

! 1o4oUnderoenaltþs of oeriurv. I dêclare that {he abovo buildinq continues to oualif as a Dari of a ouallfed low-inconre housino oroiect and meets 1i¡e ¡equiremenls oÍ Infemal

Code section 42. I have examined lhis form and atåchmenls, and io thê best of my knowfedge and belíel they are frue, cörrect, and complete.

SÍgnature Taxpayer identification number Date

Name (pfease type or prínt)

Fo¡ Pr¡vacy Act ånd Reduction Act Notlce, see insfructions.

Tax year

Cat, No. ô3981U Fom 8609 (Rev. 12-2006)

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' TabA

Ilocnment'ation of Rentai Àssistanceand UtilÍty ellowance

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Õ:

AccoMACK,NoRTHAMPToNRncroNAL HousrNG AurHoRrrYP.O. Box 387 . 23372 FnoNr SrnEpr Accovac, MRcrNrA 2330I

lll4ay 4,2009

James ChandlerLIHTC Program DirectorVirginia Housing Development Authority601 S. Belvidere StreetRichmond, Y A 23220-6500

Dear Mr. Chandler:

As you know, the Accomack-Northampton Regional Housing Authority administers the Section

I Housing Choice Voucher Program for the Eastern Shore of Virginia. As a part of our updated

5-year plan recentþ to HUD, the A-NRHA restated its intent to use project basing as a means to

ensure the PIIA's ability to meet the affordability needs of those seeking housing in its housing

developments, both existing and newly constructed or rehabilit¿ted.

The Mill Run Tax Credit Project is consistent with the objectives ofthe Housing Choice Voucher

Program. The program's objective is to provide housing assistance to the low and very low income

populace that will provide them the opportunity to live in affordable housing of their choice and topromote upward mobility and self-suffi ciency.

To this end it is our intention to provide project based vouchers for the 12 new units and the 14

rehabilitated units of the Mill Run Tær Credit Project. The A-NRHA will begin HUD's project

based process in a timeþ manner coinciding wilh the construction and completion of the project.

If you have questions or need additional information, please do not hesitate to call. We are lookingforward to beginning this exciting project.

Sincerel¡

tf*'n- K$.il"^ \Elaine K. MeilExecutive Director

57) 787-2800 Toll Free: (866) 787-3001 Fax: (757) 787-4221 email: [email protected]

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E4/27¡2øø3 09:4fl 787-787-422LAllowanceE for

-5 flTenanLFurnished UtilitiesAnd Other Services

AËH¡aJ Famlly Altorrancee To be uiEd þ trre femÍf to EtrtnputË attor,rlÀnce.

Dqmpleta bËlotr¡ fur the å!ûusl ¡¡nlt rérTþd.

Name of Family

AddrÉss of Unit

Number of Eedruoms

Adapted from fiom !{UÞ.5ãEF7by r{lan For Gonçulting

Flhi lrllllty Allorenêå A€ËÊttlrck 2üûtt roc shuEÈ l.fl!tÞ52ËÊ?_bup{e¡

1tfis?oot 1D:01 Afrt

ANPDC

U,S. Department of Housingand Urban DovalopmentOffice of Fublic and lndian Housing

PAGE E3/EË

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Tab R

Documentation of OperatÍngBudget

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Tab S

Documentation of Project Budget

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Accomack County, Virginia

Ownerts Name:ACCOMACK NORTHAMPTON REGIONAL C/O EASTCOAST PROPERTY MGT

Mailing Address;PO BOX 1510SEAFORD, DE 19973-5510

Map ID:

Parcel ID:

GPIN:

Curuent Sales Information

Sale Price:

Transfer Date:Deed Reference:

Grantor:

r19-A-20C

1 190040000020c0

27 s3-96-1706-00-00

0

01/01/l 900712 113

No l)ata

Current Assessment

Land Value:

Improvement:Total Value:

The assessment informationthese parcels:

119-A-20C

$32,500

$70,600$ 1 03,1 00

is obtained from the total value of

LandIncorporated Town

Sulrscription Olly

1-Incorporated Town

PARCEL 21.35 AC

No DataSubscription Only

UtilitiesElectricity:

Gas:

Sewer:

Water:

Subseriptior Only

Subscriptiol Only

Srùscription Only

Subseripiion Only

Zoning.

Tax District:

Property Class:

Legal Description:

Land Description:Street Type:

Improvements

Building Type:

Desciption:

Stories:

Year Built:

Finished Sq Ft:

ConstructionFoundation Type:

Construction Type:

Exterior

Condition:

RoofType:

Roof Material:

Subscription

Subscription

Subscription

Subscription

720

Subscription

Subscription

Subscription

Subscription

Subscription

Subscription

Only

Only

Only

Only

Total Rooms:

Number of Bedrooms:

Number of Baths:

Heating Type:

Air Conditioning:

Attic:

Finished Attic Sq Ft:

Basement Sq Ft:

Finished Basement Sq Ft:

Attached Garage Sq Ft:

Detached Garage Sq Ft:

Deck Sq Ft:

Subscription Oniy

Subscription Only

Subscription Only

Subscription Only

Subscription Only

Subscription Only

Subscriptiol Only

Subscription Only

Subscription Only

Subscription Only

Subscription Only

Subscri¡rtion ()nly

Orly

OllyOnly

Only

Only

t)nly

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Accomack County, Virginia

Owner's Name:ACCOMACK NORTHAMPTON REGIONAL C/O EASTCOAST PROPERTY MGT

Mailing Address:PO BOX 1510SEAFORD, DE 199]3-5510

Map ID:

Parcel ID:

GPTN:

119-A-208

1 19004000002080

21 53-87 -1414-00-00

0

01/0U1900

712 113

No Data

Current Sales Information

Sale Price:

Transfer Date:

Deed Reference:

Grantor:

Current Assessment

Land Value:

Improvement:Total Value:

The assessmcnt informationthese parcels:

$ 156,600

$981,1

00$ 1,13 7,700

is obtained from the total value of

Land

t9-4-At9-4-Bt9-4-CI9-4-Dl9-A-20E

UtilitiesElectricity:

Gas:

Sewer:Water:

Subscription Oniy

Subseription Only

Subscription OnlySubscriptiol Only

Zoning:

Tax District:

Property Class:Legal Description:

Incorporated Town

SuLrscription Only

l-Incorporated TownPARCELl&LOTSATI]RUDMILL RUN PHASE II 1 1.I5 AC

No Data

Subscription Olly

Land Description:

Street Type:

Improvements

Building Type:

Desciption:

Stories:

Year Built:

Finished Sq Ft:

ConstructionFoundation Type:

Construction Type:

Exterior

Condition:

Subscription Only

Subscription Only

Subscription Only

Subscription Only

1,7'14

Subscription Only

Subscription Only

Subscription Only

Subscliption ()nlv

Total Rooms:

Number of Bedrooms:

Number of Baths:

Heating Type:

Air Conditioning:

Attic:

Finished Attic Sq Ft:

Basement Sq Ft:

Subscri¡rtioa Only

Subscription Only

Subscription Only

Subscription Only

Subscription Only

Subscriptior Only

Subscription Only

Subscription Only

Finished Basement Sq Ft: Subscription Only

Roof Type: Subsc¡iption Only Attached Garaee Sq Ft: Subscription Onìy

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Roof ll¡ta¡erial: $uhmliption tnl5r DetaehedGaxige SqFt:

Deck sq Ft:

Subssriptiül Orrbr

Sutrs.øiptiaa 0nþ

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PROJECT CONCEPT BUDGETPROJECT NAME: Mill Run DevelopmentBID DATE: 4/27109

ESTIMATOR: GJA

66221054 1298 737 704

551930 1,t 36 '1476

6324 7788 1474 1408 4650 5680 1478

277,335 SF /

28,800 Tot

CODE DESCRIPTION Nêw 2 Br New 3 Br Ren 1 Br (A) Ren 1 Br (B) Rên 2 BR Ren 3 Br Comm. Bldg, TOTAL cosTÞtvtstoN GÊNËRAL CONDIT'ONS lsee aftacl¡ed! s 35.508.83 $ 43.729.09 $ 8,276.41 $ 7.905.82 s 26.109.43 s 31.892 A2 $ 8.287.64 $ 161_710 $DtvtstoN SITE WORK

02111 )EMOLITION s LL22îî I 4.224.00 s 't 3.9s0.00 s 17.040 00 $ 4.428.00 $ 44.064 $o220t :ARTHWORK RENTAL $ 548.96 $ 676.04 s 127 -9s s 122.22 $ 403.65 s 493.06 $ t 28.1 $ .500 s

iPECTION $ 3.831.73 s 4.71A.77 $ 803 10 s 11 2-8't7.45 3.441.53 $ 894.31 s 17.450 $0255( S|TE UTILITIES lwell & SèDt¡c Svstêml $ 120.000 s 12¡ s 2¿O $026,t( tAVING (Drivewavs) s 24.000 $ 24.OOO ¡1.8.000 s0263( ,VALKS / SITE CONCRETE $ 4.000_00 s 4_OOO0280( -ANDSCAPING $ 1E.000 s 000 s02g9( rÊMPORARY D s s $

:RETE $ 38.820.00 s 45_630_00 $ 1.730 00 1.400.00 $ 9.35 0.00 s 10.000_00 $ 040.00 $ 1 11.970 $0331( ]ASTIN.PLACE CONCRETE0390f :ONCRETE PRÔTECI'CIN s s s0395( ]ONCRETE EOUIPMENT $ s s s ti S0398( 'IJMPING & MUCKING s 5 1.028.08 $ 194.58 s 185-87 $ $ 749.81 s 194 A¿ $ 3-802

ltvtstoN MASONRYIASONRYWORK s 3.360-00 s 4.620.00 s L. 525.00 s 1.505.00 s 927 50 406.00 $ ll 83¿

O4O,I 4I MASONRY WEATHER ÞROIECTION s $ s $041 51 iCAFFOLDING s $ s 5 si0¡f98( IllASONRY RENTALS s $ S s

OOÐ & PLAST¡CS0610( ìOUGH CARPENÏRY g 38 820 00 s 1.730.00 s '1.400.00 $ 9.350.00 $ $ 5.040.00 s 1106't9( IRUSSES. FLOOR AND ROOF $ 19.¿,t0.00 s 22 A15 0n $ 865.00 $ 700.00 s 4.675.00 s 50000û $ 2.520.OO s 55.08s tì06200lFlNlSH CARPENTRY lLabo¡) $ 12.648.00 $ 't 5.576.00 s 2.948.00 s 2.8,16.00 9,300.00 $ 1 1.360.00 s 2.9s2.00 $ 57.600 $0622( UIILLWORK & TRIM $ 15.8í0.00 $ ,t 9,470-00 s 3ßA5ûO $ 520.00 11.625.00 s 14.200.00 $ .00 5 72.000 s0624( -AMINATED PLASTICS

ou ntertops $ 275.00 $ 4.275-OO s 1.500.00 $ 1.500.00 $ 3.750.00 s]ultured Marble Vanitv ToD - 36" $ 780.00 $ 780-00 s 26ft 0 260.00 $ 650.00 s 650"00 s s 3.640 s

$ ,toáoi 1.040.00 s s $ 866.67 s 67 s 3.813 s0666

'AFETYMATERIALS s 263.50 s 324-s0 s 61.¿2 s 58 6' 193.75 $ 236.67 ß 61.50 s 1.200 $

0670( IOUGH HARDWARE s 556-55 $ G85 129.72 s 123.91 s 4r9-23 s ¿EE 87 129.90 s 2.535 $06720 I MISC. CARPENTRY MATERIALS s 834.82 s 1.028.08 s 'tg¿.58 s 185 87 613.84 $ 749.41 s 1S4.AL $ 3f

0680i :ARPENTRY RENTALS $ 556.55 $ 685 3E $ 129.72 $ 123.91 $ 409.23 s ¿9S 87 $ 1 29.90 s 2-535 $o6a3( $ 208.71 s 257.ø2 $ 48.65 s 46.47 $ 187.45 s 48,71 s $) MOISTURE PROTECTION

07001 )RAIN IILÊlJ7'lît

fwek Home Wreo s 6.358.s0 * 7 542(t¡ $ 1,699.s0 s 1.699.50 $ 4.717.s0 s 5.3s8-75 $ 1,478.25 $ 24.454 $072'lr ]UILDING INSULATION s t86.00 $ 1 1.682.00 s 2.21't.OO g 2.112.AO $ 6,975.00 $ 8.520.00 $ 2.214-OO g 41.200 $07241 :IFS WEATHER PROTECTION s s s s07300lsHtNGLES $ 13.043.52 $ 15-331.68 $ 3.134_88 $ 3.024.00 I 391 323.20 $ 2.903.04 g 58 ls2 s0741( ìIDING s 36.031_50 $ 42_738-OO s I63ft 50 9.630"50 26.732.50 $ 30.366.25 s 8.376 75 1 63.506 $0760( :LASHING/SHEETMETAL $ 7.764.00 $ 9.126.00 s 1.866.00 $ 1,800.00 $ 5_590-OO $ 6.740.00 $ 1.728.00 $ 34.614 $07631 ìUTTERS AND DOWNSPOUTS s 1 ..t 64.60 s 1.368-90 $ 27S 90 $ 27fJ il 838.50 $ 1 .011 .00 $ 259-20 $ $0770|. ;PLASH BLOCKS $ ¿50 00 $ 150.00 $ 150.00 $ 375.00 s 375.00 $ 2.O40 c0700f :Al.lLK & SEÂtrÀN '43.00 $ 5.841.00 s 1.105.50 $ 1.056_00 s 3-487,s0 $ 1 .107.00 s 21.600 s

'CAFFOLDING/ LIFT $ s $ $

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10 - SPECU\LT|ES

13 - SPECIAL CONSTRUCTION

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Tab T

I)ocumentation of FinancingSources

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^

\lHl/:;z

AccoMACK,NoRTHAMPToNRncloNAL HousING AuruoRrrYP,O. Box 387 ' 23377 FnoNr Srnprr AccovRc, Vncwla 2330L

May 1,2109

James ChandlerLow lncome Housing Tax Credit ProgramVirginia Housing Development Authority601 Belvidere StreetRichmond, VA2322A

RF*;. Mill Run. LLC

Dear Mr. Chandler:

ln the event that the Mill Run Project receives tax credits, the Accomack-

Ñorttrampton Reglonal Housing Authority will make e contribution to theproject of

a portion of the iesidual valuã of the lãnd and improvements on the parcels in

question.

The current County Assessment for these properties is,$1,240,800' There^is a

OôeO of trust against the property securing a loan for $545,400. After satisfying

this deed of trust at the sale of ihe property to Mill Run, LLC, the A-NRHA will

receive $300,000, leaving a residual value of $395,400'

The value of the A-NRHA contribution to the project is therefore $395,400.

Please feel free to call me if you should have any questions regarding this

commitment.

Sincerely,

4-^*12-r.-r.r,,.ø*útElaine K. N. MeilExecutive Director

ail: anPdc@a'nPdc'org- @

-

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Tab U

I)ocumentation of Syndication

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T&b V

Nonprofit or tHA Right of FirstRefusal

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Prepared by and to be retumed to:Kanady& Quinn, P.C.7130 GlenForestDrive, Suite I20Richmond, Y tr gþia 23226

Ta:< Map Parcel:

PTIRCIIASE.PPTION A¡TD RIGHT OÍ'FIRST REFUSAL AGREEMENT

This Purchase Option and Right of First Refusat Agreement (this "Agreemenf') is made

as of the day of May 2009,by and between ,

a Virginia limited liability company (tlre "Company'' and to be indexed as "Grantor'),ACCOMACK-NORTHAMPTON REGIONAL HOUSING AUTHORITYi a politicalsubdivision of the Commonwealth of Virginia ('Grantee") and Mill Run Development

Corporation, a Virginia corporation (the 'Managing Member').

WHEREAS, the Company is wholly owned and controlled by Grantee tbrough itsownership of all of the issued and outstanding stock of Mill Run Development Corporation, thesole Member and Manager of the Company; and

WIIEREAS, Grantee has been or will be instn:mental in the negotiation of a contract ofpurchase and sale for property in Accomack County totaling fourteen acres, more or less, as moreparticularly described in Exhibit A, attached hereto (the '?roject Propeft'), upon which the

Company will constuct six new duplexes, containing twelve units of affordable housing (the

"Project') and will act as guarantor of the obligations of the Managing Member in the forrnæion orcontinuation of the Company for the further deveþment of the Project; and

ÏVIIEREAS, the Project Propefy is or will be subject to one or more governmentalagency regulatory agreements (collectively, the "Regulatory Agreemenf') restricting its use tolow-income housing and may become subject to a low-income use reskiction (the "SpecialCovenant") pr:rsuant to the terrns and conditions of this Agreement (such use resfrictions underthe Regulatory Agreement and any Special Covenant being referred to collectively herein as the

"Use Restictions"); and :

WHEREAS, Grantee desires to provide for the continuation of the Project Properly as

low-income horsing upon termination of the Company's ownership of the Project by Granteepurchasing the Project Property at the applicable price determined r¡nder this Purchase

Agreement and operating the Project Property in accordance with the Use Restrictions; and

WHEREAS, Grantee has negotiated and required that the Company shall execute anddeliver this Non Profit Purchase Option and Right of First Refusal Agreement in order to providefor such low-income housing.

NOW, THEREFORE, in consideration of the execution and delivery of the Agreementand the payment by the Grantee to the Company of Ten and 00/100 Dollars ($10.00) and othergood and valuable consideration, the receþ and sufficiency of which is hereby acknowledged,the parties hereby set forth the following:

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1. Grant of Option. The Company hereby grants to Granûee an option (the

"Option") to purchase the real estate, fixtures, and personal property comprising the ProjectProperty or associated with the physical operation thereof, owned by the Company at the time ofpurchase (the "Propefy"), after the close of the fifteen (15) year compliance period for the low-income housing ta:r credit for the Project Property (the "Compliance Period") as determined

under Section 42(L)(L) of the Intemal RevenueCode

of1986, as amended (the

"Gode"),or, atthe

option of the Grantee, the Investor Member interests in the Company, on thr tenns and

conditions set forth in this Agreement and subject to the conditions precedent to exercise of theOption specified herein. The Regulatory Agreement containing the Use Restuictions to whichthe Project Property real estate will remain subject rurder Section t hereof is described in ExhibitB attached hereto and made a part hereof.

2. Grant of Refusal Rieht. ln the event that the Company receives a bona fideoffer to purchase the Project Property, which offer the Company intends to accept Grantee shallhave a right of frst refusal to purchase the Propefy (the "Refusat Right") after the close of theCompliance Period, on the terms and conditions set forth in this Agreement and subject to theconditions precedent to exercise of the Refisal Right specified herein. In addition to all other

applicable conditions set forth in this Agreement, (a) the foregoing grant of the Refusal Rigbtshall be effective only if Grantee is currently and remai¡s at all times hereafter, until (i) theRefi.lsal Right has been exercised and the resulting purchase and sale has been closed or (ii) theRefusal Right has been assigned to a Permitted Assignee described in Section l0 hereotwhichever first occurs, a qualified nonprofit organizatior¡ as defined in Section 42(h) (5) (C) ofthe Code, and (b) any assignment of the Refusal Right penîitted r¡nder this Agreement and theRefusal Right so assigned shall be effective only if the assignee is at the time of the assignmentand remains at all times thereafter, until the Refusal Right has been exercised and the resultingpurchase and sale has been closed, a Permitted Assignee described in Section 10 hereof meetingthe requirements of Section 42(iX7XÐ of the Code. Prior úo accepting any such bona fide offerto purchase the Propefy, ttre Company shall notifr Grantee and the General Member of suchoffer and deliver to each of them a copy thereof. The Company shall not accept any such offer

unless and until the Refusal Right has expired without exercise by Grantee under Section 6hereof.

3. Purchase trice Under Ootion. The purchase price for the froperty prusuant tothe Option shall be the greater of the following amounts, subject to the prwiso set forthhereinbelow:

a. Debt and Taxes. An arnount suffrcient (i) to pay alt debts (includingmember loans) and liabilities of the Company upon its terrnination and liquidation as

projected to occur immediately following the sale pursuant to the Option, and (ii) todistibute to the members cash proceeds equal to the taxes projected to be imposed on themembers of the Company as a result of the sale pursuant to the Option; or

b. Fair Market Value. The fair market value of the Property, appraised aslow-income h"*irg to th"

"*û""1continuation of such use is t"q.rir"a

-r'-d"ithe Use

Restictions, any such appraisal to be made by a licensed appraiser, selected by theCompany's regular certified public accountånts, who is a member of the Master Appraiser

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Institute and who has experience in the geographic area in which the Project Proper(y is

located;

provided" however, that if prior to exercise of the Option the Intemal Revenue Service (theisewice") has issued u ,erren re ruling or provided a private letter ruling to the Company,

concluding that property of the nafi:¡e and use ofthe Properly may be sold r:nder circumstances

described in this Agreement at the greater of the price determined under Section 42(i) Q) of the

Code or the price determined under Subsection 3a hereinabove without limiting tax credits ordeductions that would otherwise be available, then the Option price shall be such price.

4. Purchase Price Under Refusal Risht. The purchase price for the Propertypursuant to the Refusal Right shall be equal to the su¡n of (a) an amount sufücient to pay alldebts (including Member loans) and liabilities of the Company upon its tennination and

liquidation as projected to occur immediately following the sale pursuant to the Refi:sal Right,and (b) an amount sufficient to distribute to the members of the Company (the'Members'), cash

proceeds equal to the tæres projected to be imposed on the Members of the Company as a resultof the sale pursuant to the Refi¡sal Right.

5. Conditions Precedent. Notwithstanding anything in this Agreement to thecontary, the Option and the Refusal Right granted hereunder shall be contingent on thefollowing:

(Ð the Regulatory Agreement shall have been entered into and remainedin futl force and effect, and those Use Reshictions to be containedthereiru shall have remained unmodified without its prior witten

(ii) i"t"åî*åå*o Agreement is no longer in effect due to reasons otherthan a default thereunder by the Company, such Use Restictions, as so

approved and r¡nmodified, shall have remained in effect by othermeans and shall continue in effect by inclusion in the deed as requiredunder Paragraph l0 hereof.

If any or all of such conditions precedent have not been met, the Option and the Refirsal Rightshall not be exercisable.

6. Exercisê of Ontion or Refusal Right. The Option and the Refi¡sal Right mayeach be exercised by Grantee by (a) gving prior written notice of its intent to exercise the Optionor the Refusal Right to the Company and each of its Members in the manner provided in theAgreement and in compliance with the requirements of this Section 6, and ft) comptying withthe conhact and closing requirements of Section 8 hereof. Any such notice of intent to exercise

the Option shall be given druing tlre last twelve (12) months of the Compliance Period. Anysuch notice of inænt to exercise the Refi¡sal Right shall be given within one hund¡ed eighty (180)days after Grantee has received the Company's notice of a bona fide offer pursuant to Section 2hereof, but in no event later than one hundred eighty (180) days immediately following the endof the Compliance Period, nofwithstanding any subsequent receipt by the Company of any such

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offer. In either case, the notice of intent shall speci$ a closing date within one hr¡nd¡ed eighty(180) days immediately following the end of the Compliance Period. If the foregoingrequirements (including those of Section t hereof) are not met as and when provided herein, theOption or the Refusal Right, or both, as applicable, shall expire and be of no further force oreffect. Upon notice by Grantee of its intent to exercise the Option or the Refirsd nighq all rightsunder the other shall be subordinate to the rights then being so exercised unless and until such

exercise is withdrawn or discontinue{ and upon the closirg of any sale of the Property pursuantto such notice shall expire and be of no further foroe or effect, provided that in the event that theOption and the Refusal Right are hereafter held by different parties by reason of any permittedassignment or otherwise, Grantee in its assignment(s) or such parties by written agreement mayspeciff any other order of priorit¡r consistent with the other terms and conditions of thisAgreement.

7. . Upon notice by Grantee of its intent to exercise theOption or the Refi¡sul Right, the Company and Grantee shall exercise best efforts in good faith toagree on the purchase price for the Property.

8. Contract and Closine. Upon detenninationof the pr:rchase price, the Company

and Grantee shall enter into a written contact for the purchase and sale of the Properfy inaccordance with this Agreement and containing such other terms and conditions as are standardand customary for similar commercial tansactions in the geographic a¡ea which the ProjectProperty is located, providing for a closing not later than the date specified in Grantee's notice ofintent to exercise of the Option or the Refusal Ríght, as applicable, or thirty (30) days after thepurchase price has been determined, whichever is later. In the absence of any such contract, thisAgreement shall be specifically enforceable upon the exercise of the Option or the Refusal Right,as applicable. Lessor agrees to join in and execute such documents as may be required to carryout the intent of this Agreemenl

g. Assisnment. Grantee rnay assign all or any of its rights under this Agreement to

(a) a qualified nonprofit organization, ar¡ defined in Section 42(h) (5) (C) of the Code, (b) agovemment agency, or (c) a tenant organization (in cooperative form or otherwise) or residentmanagement corporation of the Project Property (each a "Permitted Assignee") that demonstatesits ability and willingness to rnaintain the Project Properfy as low-income housing in accordancewith the Use Restrictions, and subject in any eveiú to the conditions precedent to the Refi¡salRight grant and the Option price set forth in Sections 2 and3 hereof. Prior to any assignment orproposed assignment of its rights hereunder, G¡antee shall give written notice thereof to theCompany and the Managing Member. Upon any permitted assignment hereunder, references inthis Agreement to Grantee shall mean the permitted Assignee where tlrc context so requires,subject to all applicable conditions to the effectiveness of the rights granted under thisAgreement and ió assigned. No assignment of Grantee's rights hereundei shall be effectiveunless and until the pemritted Assignee enters into a written agreement accepting the assignment

and assuming all of Grantee's obligations under this Agreement. Except as specifically permittedherein, Grantee's rights hereunder shall not be assignable.

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10. Miscellaneous. This, Agreement,.sha['be govemed by the laws of the

Commonwealth of Virginia" This Agreement may be executed in counterparts or counterpart

signattre pages, which together shall constitute a single agreement

11. Rqcitals Incorporated. The Recitals.set forth above are incorporated in this

Agreement and made a part hereof,

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In Witness Whereof, the parties have executed this document as of the dafe fi¡st set forthhereinabove

COMPANTY:

Mill Run Aparfinents, LLCA Virginia limited liability cornFanyBy Mill Run Development Corporatior¡Its Member-Manager

Bv,Å¿¿nuwvløIIt"t

COMMONWEALTH OF VIRGTMA)

€#FYlcouNrY oF &gr¿/.r.:J\

l, Srs¿,.r ?. #4cor , a Notary Public io *4for said CityiCounty in theCommon@edff that E/qtn¿ lrp't'tc¿t- E*e#¡r¿.ta,¡ of Mill RunDevelopment Corporation, a Virginia corporation, personally known to me to be the same person

whose name is subscribed to the foregoing instrument as such offi.cer, appeared before me thisday in person and acknowledged that he signed and delivered such instument as his/lrer ownfree and voluntary act, and as the free and voluntary act of the Company known as Mill RunAparhraents, LLC on behalf of which said Company ëlen.k'I)'Meil has executed thrc

foregoing instrument as Manager, all for the uses and purposes set forth therein.

Given under my hand and notarial seal on lYlo-1 l 2009

My Notarial Certificæion Numbe¡ is: I OO à I I

My Coryrmission Expires: Af+l-O 3Ot )ol3 lsEAtl

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GRANTEII '

ACCOMACK-NORTTIAMPTONREGIONAL HOUS ING AUTHORITY

APolitical Subdivisionof the Commonwealth of Vüginia

L Sr-.,r- /.#.¡q./co,(, a Notary Public in and for saip City/County^in the.commoo@ certify that ë-/"-ue-t-'p.zl-y* ( ø"*ú* WYAccomack-Northarnpton Regional Housing Authority; a political subdivision of theCommonwealth of Virginia personally known to me to be the same person whose name issubscribed to the foregoing instument as such officer, appeared before me this day in person andacknowledged that he/she signed and delivered such instrument as hislher own free andvoluntary act, and as the free and voluntåxy act of the Authority.

coMMoNwEALTrr OF VIRGINTA)

CITY/COUNTY OF

By: Ëfaine-l¿r 't{dl ,Its= El e <.u4-r t e- T\ *<-c,*n¡

))

lsEALl

Given under my hand and notarial seal oo y'Y]r¡+ B , zoog.

--.=-1d_¡

MyNotariaL CertificationNumber is: / @ å./ I

Vty Commission Expirerr 4Ê.rU 3, C.;5æ-

' íG' '72 .": ! nF .i. :..:i "î -' '. .i ite*Íi"ffi

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E)ilIIBIT APROPERTY DESCRIPTION

'.

All that cerøin tract or parcel of land situatê,nea¡ Shield's Bridge, in the Town of BelleHaven, Pungoteague Magisterial District Accomack Counly, Virginia containing in the

aggregate, 14 acres, as shown on a certail plat of.survey artitled, o'V€rio"s Parcels of Land

Surveyed at the Request Of üe Acoomack-Northampton Housing Authorþ. Located nea¡

Shield's'Bridge, Tswn of Belle llaveq Fungoteague Dishiot, Accomack County, Virginia,'

, daæd Novenber Zl, 1995; revisé¿ on februarv 77,1996,*¿ *ud" by Shore Enginee-ring Co.,

'þ"., to'which plat express reference is made fo1 a more particular description of thg property

herein conveyed. : Said tract or parcel of land is bounded generally on the Nortlæasr by the land

of John H. Duer, IfI, and the land of Gilinda Phillippe, as shown'on said plaü ol the Soulh eastby the l¿nd of Catherine Dr¡nton Mapp *i¡.t¡r land of Paul F, Gamea as s-\ory1on said plat; on

the Southwe{.by Stæe:Route 17S and various lot properties, as shown on saidpìa4 and on the

Nortfuestbythe landof¡ph¡r,H, pueqIII,lqshownonsgrdpla!.. . :',' .,'

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Title:

Paftiø:

Date:

E)ilIIBIT B

]DESCRIFTTONOF .

REGTILATORY AGREEMENT''

' ''

j' l _

'::Exænded Use Regulatory Ag¡eement and Declaration of Restictive Covenants

Mill Rr:n Aparbnents r LLCVirginia Housing Oevetopment Authority

Recordin g lglomration:

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Tab W

Original Attorney's Opinion

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KeNenn & QurNN, P.C.ATToRNEYS ¡xo CouNsguoRs AT LÂw

7l3O GL-eN Fonesr Dntve, Surr l20RrcH¡¡oNo, VrRcrNra 23?26

TELEPHoNE: (8O4) 2A?-4494FAcsrMrLE: (AO4', ?A2'A496E-Mltl: lovtx@K NADYeurNN.coM

MLay 13,2009

Virginia Housing Development Authority601 South Belvidere StreetRichmond, Virginia 23220

RE: 2009 Tax Credit Reservation RequestName ofDevelopment: Mill Run ApartmentsName of Owner: Mill Run, LLC

Gentlemen:

This firm represents the above-referenced Owner as its counsel. It has received a copy ofand has reviewed the completed application package dated as of Mlay 13,2009 (of which thisopinion is a part) (the "Application") submitted to you for the purpose of requesting, inconnection with the captioned Development, a reservation of low income housing tax credits("Credits") avulable under Section 42 of the Internal Revenue Code of 1986, as amended (the

"Code"). It has also reviewed Section 42 of the Code, theregilanons issued pursuant thereto andsuch other binding authority as it believes to be applicable to the issuance hereof (the regulationsand binding authority hereinafter collectively referred to as the "Regulations").

Based upon the foregoing reviews and upon due investigation of such matters as it deemsnecessary in order to render this opinion, but without expressing any opinion as to either thereasonableness of the estimated or projected figures or the veracity or accuracy of the factualrepresentations set forth in the Application, the undersigned is of the opinion that:

1 . It is more likely than not that the inclusion in eligible basis of the Development ofsuch cost items or portions thereof, as set forth in Parts VItr and D( of the

Application fornq complies with all applicable requirements of the Code andRegulations.

2. The calculations (a) of the Maximum Allowable Credit avulable under the Codewith respect to the Development inPart VItr of the Application form and (b) of theEstimated Qualified Basis of each building in the Development in Part D( of theApplication form comply with all applicable requirements of the Code andregulations, including the selection of credit type implicit in such calculations.

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Virginia Housing Development AuthorityMay 13,2009Page2

3.The appropriate type(s) of allocation(s) have been requested in Subpart I-D of the

Application form.

4. The information set forth in Subpart VII-C of the Application form as to proposed

rents satisfies all applicable requirements ofthe Code and Regulations.

5. The site of the captioned Development is controlled by the Owner" as identified inSubpart tr-A of the Application, for a period of not less than four (4) months

beyond the application deadline.

6. It is more likely than not that the representations made under Subpart I-F of the

Application form as to the Development's compliance with or exception to the

Code's minimum expenditure requirements for rehabilitation projects are correct.

Finally, the undersþned is of the opinion thøf, if all information and representations

contained in the Application and all curr:ent law were to remain unchanged, upon compliance by the

Owner with the requirements of Code Section 42(hX1XE), the Owner would be eligible under the

applicable provisions of the Code and the Regulations to an allocation of Credits in the amount(s)requested in the Application.

This opinion is rendered solely for the purpose of inducing the Virginia Housing

Development Authority ("VHDA") to issue a reservation of Credits to the Owner. Accordingly, itmay be relied upon only by VHDA and may not be relied upon by any other party for any other

purpose.

This opinion vras not prepared in accordance with the requirements of TreasuryDepartment Circular No. 230. Accordingl5 it may not be relied upon for the purpose of avoidingU.S. Federal tax penahies or to suppolt the promotion or markøing of the transaction or matters

addressed herein.

Kanady & Quinq P.C.

V^rc-6rÑ

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Tab Y

Marketing Plan for AccessibleUnits

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Marketing Plan for Units Serving People with Disabilities

The Accomack-Northampton Regional Housing Authority is well positioned to

market units to families with a disabled member. The Authority is part of a housingreferral network on the Eastern Shore that can help to identiff eligible households as

units become available. The following are several of the primary outreach methods thatwe anticipate using:

1. The voucher waiting list that the Authority maintains includes information aboutthe disability status of family members. Currently, nearly one third of thefamilies on the waiting list have a disabled household member. This will be themost immediate and direct method of identiffing qualified families.

2. Exmore Village ís a 64 unit elderly/disabled tax credit project in the Exmore

community. The property maintains a waiting list and is willing to providereferrals. This will be particularly beneficial to both properties because ExmoreVillage is designed to be a senior community and is less well suited to serve non-elderly disabled households who also choose to reside there because of the lack ofother alternatives.

3. Accomack Manor is a 90 unit elderly/disabled tax credit project in the Parksleycommunity. The property maintains a waiting list and is willing to providereferrals. This will be particularly beneficial to both properties becauseAccomack Manor is designed to be a senior community and is less well suited toserve non-elderly disabled households who also choose to reside there because of

the lack of other alternatives.

4. The Authority has collaborated with the Eastern Shore Center for IndependentLiving on an 811 project in the past and maintains close communications. TheCIL is located in Exmore, close to the Mill Run site in Belle Haven. The contactinformation is:

Althea Pittman, Executive DirectorEastern Shore Center for Independent Living, Inc.4364Lankford Highway, Suite AExmore, VA 23350757 4r40100

4. The Virginia Department of Rehabilitative Services is located in Belle Havenvery close to the Mill Run site. The Department has a variety of programs andservices that it provides to disabled clients. The Authority will be able to accesspotential residents through the case managers and counselors at DRS. Theprimary contact for this agency will be:

Robin Sexaur, Rehabilitation CounselorVirginia Department of Rehabilitative Services

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Colonial Square Shopping CenterP.O. Box 310Belle Haven, VA 23306757 4422880

5. The eastern Shore Community Services Board provides a wide range of supportservices and programs to persons with mental and other types of disabilities.

Decent and affordable housing is one of the major challenges that they face fortheir clients and they are anxious to have new housing opportunities to becomeavailable. We expect to work closely with them to determine if any of theirclients might be eligible for housing within the Mill Run Apartments. The contactfor the CSB is:

James cannon, III, Executive DirectorEastern Shore Community Services BoardP.O. Box 453Nassawadox, VA 23413757 4423636

6. Finally both the Accomack County Department of Social Services and the Social

Security Administration carry significant caseloads to who we will be able tomarket. Both agencies are constantly facing housing challenges for theircustomers and will be excellent referral sources:

Mary Parker, Director