2009 Federal Low Income Housing Tax Credit Program Application For Reservation 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 VDA at least one month before the bonds are priced (if bonds issued by VHDA), or 75 days before the bonds are issued (if bonds are not issued by VHDA) Virginia Housing Development Authority 601 South Belvidere Street VHDA chon Vita 23220-6800 2000 vie209Low Income Housing Tax Credit Application for Reservation [Fiease indicate the following tems are incladed with your application by checking the appropriate boxes. Your asistance In lorganizing the submission in the following order, and actually using tabs to mark them as showa, will facilitate review of your. lapplication. Please note that all mandatory items must be includes ested, The inclusion of othe may increase the number of points for which you are eligible under VEIDA’s point system of ranking applications, and may assist |VEIDA in its determination ofthe appropriate amount of credits that it may reserve for the development. You are therefore lencouraged to submit as much requested information as is available, but their inclusion isnot mandatory for review of your lspplication. Electronic Copy ofthe Microsoft Excel Based Application (MANDATORY) ard Copy of All Application Pages With Signature (MANDATORY) {@) Scanned Copy of the Tax Credit Applicaton with all Attachments (excluding market study and plans & specs) (MANDATORY ‘5750 Application Fee (MANDATORY) ‘Tab A: Documentation of Development Location: Qualified Census Tract Certification Revitalization Area Cetitiction Location Map Surveyors Cenfication of Proximity To Public Transportation Partnership or Operating Agreement, including chart of ownership stracture with percentage of interests (MANDATOR Virginia State Corporation Commission Certification (MANDATORY) Principal's Previous Participation Cectitiation and Resumé (MANDATORY) ‘Nonprofit Questionnaire (MANDATORY for points or pool) ‘The following documents need not be submitted unless requested by VHDA Nonprofit Articles af Incorporation IRS Documentation of Nonprofit Status “Toint Venture Agreement (if aplicable) “For-profit Consulting Agreement (if applicable) [Architects Certication (MANDATORY) PHA / Section 8 Notification Leter Local CEO Letter Tabi: Homeownership Plan Tab K: Site Control Documentation (MANDATORY) Tab L: Plan of Development Certification Letter [Tab M: Zoning Cenfcation Leter Tab N: Copies of 8609s To Certify Developer Experience ()TabO: Reserved) ‘Tab: Plans and Specifications and Work Wrte-Up (MANDATORY) FE] TabQ: Documentation of Rental Assistance E]TabR: Documentation of Operating Budget TabS: Documentation of Project Budget ‘TabT: Documentation of Financing Sources (Tabu: Reserved) [E] Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal Tab W: Original Atforey’s Opinion (MANDATORY) TabX: (Reserved) ‘Tab Y: Marketing Plan for unis meeting accessibility requirements of HUD section $04 E) Tab Market Study (MANDATORY-Application willbe disqualified if market study not submitted withthe application) 2009 Submision ChecklistVEDA TRACKING NUMBER 1, General Taformation ‘Aeoe"Se" ence ad etm TR al deme om, ssi eral Revere Cao 186, women ‘Date oF Appicatony A. Development Name and Location: 1. Name of Development Peters Crock South Family Homes 2. Address of Development (Old Stevens Ra & Westside Blvd ot Shenandoah Avenue Roanoke Vieginia 24017 ar Sin) Tin Cay 3. Ifeomplete address is nt available, provide longitude and latitude coordinates (x) from location onsite your surveyor deems appropriate. -80,003636 137279202 Documentation from surveyor stached (TAB A) (Only iscesary Taree adress or sret intersections are not available, ‘(Coordinates should be the same a those listed on pg 13, iF applicable) 4. ‘The Circuit Court Clerks office in which the deed tothe propery is or will be recorded CitylCounty of Roanoke City (je; Richmond City, Chesterfield County; se application manval) 5. Does the site overtp one or more jurisdictional boundaries? Dyes No yes, what otber City/County isthe site located in besides the one mentioned above? 6, Is the development located in a Metropolitan Statistical Area? Yes 0 No 7. Census Trat the development is leated in: 9 Is this a Qualified Census Tract: 8. Isthe development located ina Difficult Development Area? Isthe development located ina revitalization area? ‘Yee (No (ifyes,atach required form in TAB A) 10, _Isthe development an existing RD or HUD $87236 development? Yes. [No (If ye, attach required form in TAB Q) ‘Nog there isan deat of interest between the applicant ard the slr in this proposal, nd the applicant i seeking points in ‘his eategory. then the applicant muster waive ther igh to the develope’ fear her fees asscited with aquisition and/or rehabilision, or obiin 9 waiver of his rquiterent ram VIIDA peor Lo aplication sbmision io Yeceive these pits 1. Applicant agrees to waive all rights to any developers fe or Yes No (tyes, tach required form in TAB A) ‘other fes associated with acquisition andor rehab. Des 2 nla Applicant has obiined a waiver of tis requirement from VHDA ‘rior tothe application submission deadline. Ces nla 11, Isthe development located in a census tract witha poverty rate <10% with no tax credit units currently presen? Yes No 12, _Isthe development listed onthe RD 515 Rebabilitation Priority List? Yes No 13. Congressional Distt 6 oprah Planning District “5 msinnuands atten meOcctse State Senate District ZI motes sera stersnomn oes State House District Tbs nun DtaeesTno 14. ED Location Map Atached (TAB A) B._ Project Deseriptio In the space provided below, give a bref description of the proposed project. prasad Pelt Cea Saath Fay Hones Gevlopis Wl Gans of 42 ingly, deahed Rare on wo SUVs at ae Tete on Te wae outst qr of Oe Stephens Road a Shranoah Avene in nowex Roanoke, VA. The hrs eae ows RY a wl pppat 19 new bees: soutwest ies zoned RS and wil support upto 28 new homes. The development Wl valize a dommane,umpeducveporon ofthe Shenandoah Avene cori. lor ase arketsate quai hoes wil be eso or broom, ik uit, detached homes contig 1350 and 1,400 square fet espeively. Each of te ose wi nave inviual yas, wit ample open ren spaces. These any bores ar signed toe archvecaallyharmosis wi che existing cach owes late serrosrding Wiles and Chery Hil eghoronds Uni sper meres wl nade ergy Started bling otras nd aplanes, ow Naw fue, Ica HVAC, range, reigeaer,dahwasher, maser ner Hootaps, basemen, wall val carpeting, deper porches se! wig foc NEh-sped Inte DSL. laces al of which wll mee the eas of oy fly, Features nue te sngle iy detached asin, epposed to ml famyaparment, nlode 8 lrveway, avec ocecar garage wih zrostep em. at porch, ad ree pio. Peters Creek South Fly Home is being developed under 9 eae purse fot. This eno. developmen furthers some hey gan te Paes Creek Sou Neiiburbod Plan, a compones of Vision 2001-2020, Roanoke’s Iconpretensve Pian. Most nly, oe ofthe Neghborood Plan's key pls sates: "Reanoke will sport development of nw neipborhods, or expasion of listing neistorod i tas dated 3 ure Reideial Develops Opportunies." All Sx pares sipporg ins howsng propel are special ented or seh re oppor. Jeers Cree South Family Homes is eing developed by Total Acton Against Poverty, Buckeye Community Hope Foundation, and PIRHL Developers. TAP, wit Jver 0 ears of experience serving somes Virgin, ion of Virgin's foremos Community Aston Azeoies whos min io eneorage ef elnee ah se [ccistion for vidal nd ames ough sm ested approach nuting the developica fnew bong. BCHF, over te pst 18 years, has experince 209 Poge 1