longbourne

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

Does a community revitalization plan exist?

Print Preview - Final Application

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

Project Name and Location

Project Name: Longbourne Apartments

Address: Alden Drive

City: Jacksonville County: Onslow Zip: 28546

Census Tract: 0022.0 Block Group: 1009

No

No

Political Jurisdiction: 3rd Congressional District

Jurisdiction CEO Name: First: Last:Jan Slagle Title: Mayor

Jurisdiction Address: PO Box 128

Jurisdiction City: Jacksonville Zip: 28541

Jurisdiction Phone: (910)938-5224

Site Latitude: 34.7624

Site Longitude: -77.3926

Page 1 of 36Print - APP04-0085

1/14/2005https://www.nchfa.org/Rental/RTCApp/(j4kgg255o5smezmcemdv0p55)/site/PrintApp.asp...

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

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

Will the project be receiving project based federal rental assistance?

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

Target Population: Elderly (55)

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

Project Description

Project Type:* New Construction Rehab Adaptive Reuse

No

No

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

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

Remarks: ECCDI will target a minimum of 4 units for mobility impaired handicapped. All units will be easilyaccessible and close to parking spaces. ECCDI will target a minimum of 5 units for persons withdisabilities and/or the homeless. A complete targeting plan is submitted with this application.



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Applicant Information

Applicant Name: East Carolina Community Development Inc. - (Managing Member)

Address: 315 Turner Street

City: State: NC Zip:Beaufort 28516

Contact: First: Last: Title:Keith Walker CEO & President

Telephone: (252)504-3996

Alt Phone: (252)504-2424

Fax: (252)504-2248

Email Address: [email protected]



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Total Site Acreage: Total Buildable Acreage:

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

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

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned?

If yes, please describe:

Are existing buildings on the site currently occupied?

If yes:(a) Briefly describe the situation:

(b) Will tenant displacement be temporary?

(c) Will tenant displacement be permanent?

Is the site directly accessed by an existing, paved, publicly maintained road?

If no, please explain:

Is any portion of the site located inside the 100 year floodplain?

If yes:(a) Describe placement of project buildings in relation to this area:

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

Site Description

11.072 10.3

The existence of a stormwater pond/wetland area reduces the buildable acreage from the total siteacreage of 11 acres to 10.3 acres. ECCDI proposes using 8.43 acres for the Longbournedevelopment and the balance of the site will be used for future development.

ECCDI has an option on the entire 11 acre site but intends to use only 8 acres of the total siteacreage in the development of Longbourne Apartments. For this reason the total purchase price hasnot been carried as a use of funds in the project proforma.

No

No

Yes

No



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Does the owner have fee simple ownership of the property (site/buildings)?

If yes provide:

Purchase Date: Purchase Price:

If no:

Site Control

No

(a) Does the owner/principal or ownership entity have vaild option/contract to purchase the property? Yes

(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for

purchase of the property and the seller of the property?If yes, specify the relationship:

No

(c) Enter the current expiration date of the option/contract to purchase: 07/18/2004

(D) Enter Purchase Price: 500,000



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Present zoning classification of the site:

Is mutifamily use permitted?

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

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

Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review?

If yes, describe below:

Are there any existing conditions of environmental significance located on the project site?

If yes, describe below:

Zoning

Townhouse, Condominium, Apartments (TCA) ZoningDistrict

Yes

Yes

No

Apartments are a permitted use in this zoning district. Any use or combination of uses, whichinvolves a building or combination of buildings that equals or exceeds 25,000 square feet on any lotor combination of lots under single ownership, use or management will require a Special UsePermit. ECCDI will apply to the City of Jacksonville Planning department for such a permit.

No

No



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Ownership Entity

Owner Name: Longbourne Apartments LLC


City: State: NC Zip:Beaufort 28516

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

Federal Tax ID Number of Managing GP or Member: (If Not Assigned)56-1909969

Entity Type: Limited Liability Company

Entity Status: Already Formed

Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes

Is the applicant requesting that the Agency treat the application as CHDO sponsored? Yes

List all general partners, members,and principals. Specify nonprofit corporate general partners ormembers. Click [Add] to add additional partners, members, and principals.

Org: East Carolina Community Development Inc.

First Name: Keith Last Name: Walker Function: Managing Member


City: Beaufort State: NC Zip: 28516

Phone: (252)504-3996 Fax: (252)504-2248

EMail: [email protected] Nonprofit: Yes TaxID 56-1909969



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



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

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

Loans with Variable AmortizationPlease fill in the annual debt service as applicable for the first 20 years of the project life.

Funding Sources

Source AmountNon-

Amortizing*Rate(%)

Term(Years)

Amort.Period(Years)

AnnualDebt

Service

Bank Loan

RPP Loan 515,817 2.00 20 20Local Gov. Loan - Specify:

RD 515 Loan

RD 538 Loan - Specify:

AHP Loan 408,687 2.00 20 20 24,809

Other Loan 1 - Specify:



Tax Exempt Bonds

State Tax Credit(Loan) 499,755 0 30 30 0

State Tax Credit(Direct Refund)

Equity: Federal LIHTC 1,691,690

Non-Repayable Grant

Equity: Historic Tax Credits

Deferred Developer Fees 0

Owner Investment

Other - Specify:

Total Sources** 3,115,949

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

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

793

ECCDI has been awarded a subsidized loan in the amount of $408,687.00 from the FederalHome Loan Bank of Atlanta under the Affordable Housing program.



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RPP Loan

Year:Amt:

1

26106

2

26412

3

26678

4

26902

5

27079

6

27027

7

27281

8

27298

9

27253

10

27144

Year:Amt:

11

26963

12

26708

13

26373

14

25953

15

25442

16

24834

17

24123

18

23303

19

22367

20

21307



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Development Costs

Item Cost Element TOTAL COSTEligible Basis

30% PV 70% PV

1 Purchase of Buildings (Rehab) 0 0

2 Demolition 0

3 On-site Improvements 272,400 272,400

4 Rehabilitation 0 0

5 Construction of New Building(s) 1,410,165 1,410,165

6 Accessory Building(s) 80,000 80,000

7 General Requirements 105,700 105,700

8 Contractor Overhead 37,365 37,365

9 Contractor Profit 112,286 112,286

10 Construction Contingency 60,537 60,537

11 Architect's Fee - Design 39,000 39,000

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

SUBTOTAL (lines 1 through 12) 2,129,453

13 Construction Insurance (prorate) 7,000 7,000

14 Construction Loan Orig. Fee (prorate) 10,000 10,000

15 Construction Loan Interest (prorate) 67,500 67,500

16 Construction Loan Credit Enhancement (prorate) 0 0

17 Construction Period Taxes (prorate) 2,200 1,760

18 Water, Sewer and Impact Fees 48,390 48,390

19 Survey 6,000 6,000

20 Property Appraisal 5,500 5,500

21 Environmental Report 2,500 2,500

22 Market Study 4,000 4,000

23 Bond Costs (specify) 0

24 Cost of Issuance 0

25 Placement Fee 0

26 Permanent Loan Origination Fee 0

27 Permanent Loan Credit Enhancement 0

28 Title and Recording 4,000

SUBTOTAL (lines 13 through 28) 157,090

29 Real Estate Attorney 22,500 22,500

30 Other Attorney's Fees 12,000 12,000

31 Tax Credit App Fees 16,105 16,105

32 Coast Certification/Accounting Fees 12,000 12,000

33 Tax Opinion 3,000

34 Organizational (Partnership) 2,500

35 Tax Credit Monitoring Fee 26,400


36 Furnishings and Equipment 15,000 15,000

37 Relocation Expenses 0 0

38 Developer's Fee (max 15% lines 2-36, less 8 & 9) 300,000 300,000

39 Engineering/Boring/Testing

40 Bank Inspection/Permits

41 Rent-up Expenses 11,000

42 Other Non-basis Expense (specify)

43 Other Non-basis Expense (specify)


44 Rent up Reserve 13,200



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Comments:

45 Operating Reserve 95,701

46 Other Reserve (specify)

47 Other Reserve (specify)

48 DEVELOPMENT COST (lines 1-47) 2,815,949 0 2,659,708

49 Less Federal Financing

50 Less Disproportionate Standard

51 Less Nonqualified Nonrecourse Financing

52 Less Historic Tax Credit (residential) 0

53 TOTAL ELIGIBLE BASIS 2,659,708 0 2,659,708

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

55 Basis Before Boost 2,659,708 0 2,659,708

56 Boost for QCT/DDA (if applicable, enter 130%) 100.00% 100.00%

57 TOTAL QUALIFIED BASIS 2,659,708 0 2,659,708

58 Tax Credit Rate 0.00% 7.91%

59 Federal Tax Credits at Estimated Rate 210,382 0 210,382

60 Federal Tax Credits at 8.5% or 3.75% 226,075 0 226,075

61 Federal Tax Credits Requested 0

62 Land Cost 300,000

63 TOTAL REPLACEMENT COST 3,115,949

disallowed line items 39 and 40, since these costs must fall under the general requiremementssection.



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Please provide a detailed description of the proposed project:

Construction (check all that apply):

Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding

Other:

Have you built other tax credit developments that use the same building design as this project?

If yes, please provide name and address:

Market Study Information

Longbourne, to be located in Jacksonville, Onslow County, NC involves the construction of a 44 unitelderly development in an economically diverse, and hurricane impacted community. Unit mix willinclude one and two bedroom apartments in single story residential buildings, targeted to the verylow and low-income over 55 years of age. The project will adhere to North Carolina Housing FinanceAgency design guidelines.

The development will be of similar design to ECCDIs Camellia Court development in MoreheadCity, NC. Camellia Courts award winning design was created with the specific purpose of offeringaffordable, safe and attractive garden apartments to low-income seniors. Longbourne will have 44units - 28 one bedroom and 16 two bedroom units. There will be eleven residential buildings, eachconsisting of four units arranged in a wheel pattern so that each side has a separate entry for one ofthe four units. The scale and design of the buildings appear to be single-family homes, giving thedevelopment a community feel. The apartments are designed with livability in mind. Featuresinclude floor plans that allow for superior mobility with excellent furniture placement, multiple interiorclosets, exterior storage, separate dining area, pantry, ceiling fans, washer/dryer connections andprivate entry with covered porch/patio. All units will be handicap accessible.

Residents can socialize on their own porch or visit the centrally located community building. Thecommunity building will include group activity space, laundry facilities, computer facilities, communitykitchen and offices for the site manager and supportive services coordinator. Extensive walkwaysencourage social connections between residents, however each resident has their own front door,which maintains a sense of ownership and privacy. Ample parking spaces are provided for both

residents and guests.

The prime location of the project, close to the heart of Jacksonvilles retail and service center, is anadvantage to the residents who have the comfort of a short drive to doctors offices, the hospital,banks and shopping. The Onslow United Transit Service (OUTS) operates throughout the townoffering a low fare metro transit system.

ECCDI believes that providing safe, attractive and affordable housing for low- income seniorscreates a feeling of well being and security among the target population. Here seniors can live incomfort and be self-sufficient without having the added burden of property and landscapingmanagement. The on site manger and proximity of neighbors ensures a resident can always findassistance and care when necessary. Easy accessibility to the Community Center and all itsplanned activities promotes a sense of belonging among the residents.

The quality and availability of affordable senior rental housing in Jacksonville is inadequate. This hasbeen endorsed by the City of Jacksonville and the Department of Social Services. In 2000 a HUDestimate for Onslow County of the total number of very low income elderly households living in

rental units or single family homeownership units that are overcrowded, lack total kitchens orplumbing facilities, or are unaffordable, showed an elderly housing need of 1059. It is our beliefLongbourne would begin to alleviate the shortage of affordable senior housing.

Existing elderly housing facilities are overstretched and have aged and need modernization and/orretrofitting and refinancing in order to accommodate supportive services to aging residents, assure agood quality of life, accessibility and marketability. The Longbourne design has been proven andtested as a comfortable and safe environment for seniors. As the design has actually beenconstructed and inhabited, developer and architect have been able to apply real life experience and

resident and property manager feedback to improve and enhance the developments functionalityand livability.

A market study prepared by Community Research Group bears testimony that a demand foraffordable elderly units exists in the market area.

Yes

1) Camellia Court,4609 Country Club RoadMorehead City, NC 28557

2) Troon Apartments



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Site Amenities (check all that apply):

Onsite Activities:

Landscaping Plans:

Interior Apartment Amenities (check all that apply):

Flooring: Carpet Vinyl Wood Wood Parquet Ceramic Tile Other

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

Do you plan to submit additional market data (market study, etc.) that you want considered?

300 Troon WayBeaufort,NC 28557

3) Weatherstone3800 Weatherstone Park RoadNew Bern, NC 28561

4) Kings Mill1200 Daughter's DriveNewport, NC 28570

Community Bldg - Sq Ft: 2,402 Community Room - Sq Ft: Garages - Number:

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

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

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

Irrigated Lawns Security Gate Car Care Area Storage Units Gazebos

Walking Trails Garden Spots Basketball/Tennis Court Playground Ball Field

Pool Fitness Stations Horseshoe Pit Shuffleboard Covered Drive Thru

A comprehensive supportive services plan will be in place at Longbourne for the benefit of the seniorresidents. A supportive services representative/community resource coordinator will work inconjunction with the on-site manager to organize events and facilitate community focused functionsand activities. These are likely to include:

- Arts-n-Crafts classes.- Monthly guest speakers on such topics as fire safety, nutrition, elder abuse, health screening andawareness.- Preventative health screening including blood pressure screenings- Pot Luck dinners.- Self-sufficiency and budgeting workshops.- Homeownership education and financial literacy classes leading to goal oriented economic self-sufficiency and financial awareness- Community events providing positive forums for residents to interact and develop a sense of

community- Referrals to local agencies to provide special populations with assistance to live independently.- Mediation and advocacy support and training to provide residents with skills to advocate for theneeds of their families.

The developer proposes to include a swimming pool at the development which will offer tenantsopportunities for on-site exercise, physical therapy and therapeutic benefits.

A generous landscaping budget has been included in project development costs. The LongbourneApartments will have an exceptional layout with many tasteful landscaping features and green spaceareas to complement the developments design.

Features will include: -- Generous amounts of foundation plantings- A picturesque walking trail will surround the property to be used for exercise or leisure- The project will have a landscaped entrance to give all those who visit a good first impression- Large trees will be planted throughout the project and will offer residents shade and privacy as theproject matures.

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

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

Yes



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If yes, please make sure to include the additional information in your pre-application packet.



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Briefly describe your site in each of the following categories:

Applicant's Site Evaluation

NEIGHBORHOOD CHARACTERISTICS

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

affordable housing.The site is located within the Jacksonville city limits in a desirable and centrally located area locallyknown as the Bryn Marr region. The site, being part of an 11 acre parcel optioned by ECCDI,represents the last undeveloped acreage in this part of Jacksonville.

Jacksonville is the commercial hub of Onslow County and home to Marine Corps Base CampLejeune and Marine Corps Air Station New River. The Jacksonville economy is primarily based onMarine Corp bases: With over 40,000 active duty forces, the Marine Corp Base Camp Lejeune andMarine Corp Air Station New River contribute more than $2 billion to the local economy. Expansionplans potentially will bring an additional 40,000 military members and civilian contractors to thebases. The fastest growing sector of the local economy is the service sector. The number of serviceand retail sector jobs is increasing but these jobs are traditionally low paying and offer minimalbenefits.

Some 75,000 people make the city their home. The once quiet farming community has grown intothe business, retail, medical, banking and cultural center for Onslow County. Many militarypersonnel remain in or return to Jacksonville to enjoy their retirement.

There are two other affordable housing developments for low and low to moderate income seniors inthe metropolitan area but both maintain waiting lists of a minimum of 6 months. Longbourne willexpand the supply of suitable and affordable housing for low income older persons in aneighborhood and development that can accommodate supportive services to aging residents,assure quality of life, and guarantee accessibility to amenities and services.

Suitability of surrounding development. Land use pattern is primarily residential (single andmultifamily housing) with a balance of other uses (particularly retail and amenities). Amount andcharacter of vacant, undeveloped land. Effect of industrial, large-scale institutional or otherincompatible uses: wastewater treatment facilities, high traffic corridors, junkyards, prisions, landfills,large swamps, distribution facilities, frequently used railroad tracks, power transmission lines andtowers, factories or similar operations, sources of excessive noise, and sites with environmentalconcerns (such as odors or pollution).The site is located in a residential neighborhood commonly known as Bryn Marr close to recreationalareas and with easy access to the countys best shopping. The area is a mixed-use developmentwith single-family homes, apartments, parks and adjacent retail development. The residential

neighborhood adjoins and is within walking distance of the Jacksonville Mall where there are morethan 100 retailers and service providers. Anchor tenants are Sears, JC Penny and Belk Departmentstore. In addition to the Jacksonville mall, both Western Boulevard and US Hwy 17 are within 1 mileof the site, where additional shopping and services are located. Major retailers include Wal-Mart,Target and Lowes.

The area is expanding with much new construction currently taking place. New construction is bothsingle and multi family housing. Other developments in the area are relatively new and in goodcondition.

Jacksonville is served by two major hospitals, Onslow Memorial Hospital on Western Boulevard andthe US Naval Hospital, Camp Lejeune. The development is less than a mile from Onslow MemorialHospital and Jacksonvilles medical district. The proximity of the hospital will give tenants access toservices at the nursing facility and the reassurance of medical services being close to hand. Withinthe hospitals medical service area, there are over 95 private physicians representing more than 25specialties. On-site is a full-service laboratory, x-ray facilities, pharmacy, and rehabilitation services.The Minor Emergency Care (M.E.C) Center is located within the hospital's Emergency Department.

Additionally SurgiCare of Jacksonville is located conveniently close to the site for elective outpatientsurgery.

The site is within a mile of the Coastal Carolina Community College a college that plays an activerole in the continuing education of the citizens of Onslow County. The Continuing Education Divisionprovides courses that upgrade the occupational skills and knowledge of individuals at all levels oflabor and management, offers services to small businesses, and provides programs to meet thetraining needs of new and expanding industries. Programs are also provided to meet literacy needs,basic skill improvement, and high school equivalency certification. Additionally, a broad range ofcourses is offered enabling individuals to improve home and community life and develop or improveleisure time activities.

The site represents the last vacant land in the area and is bordered by residential development.



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

On the site there are no overhead power lines, no known flood hazards or other land uses nearbythat would degrade the quality of li fe for residents at the proposed project.

There are no known industrial, large-scale institutional or other incompatible uses. The site does nothave, nor is it close to or in any way effected by wastewater treatment facilities, high traffic corridors,

junkyards, prisons, landfills, large swamps, distribution facilities, frequently used railroad tracks,power transmission lines and towers, factories or similar operations, sources of excessive noise, orenvironmental concerns (such as odors or pollution).

SITE SUITABILITY

Adequacy of street(s) and/or access road(s) serving the proposed project and traffic controls (lights,stop signs, turning lanes). Access to mass transit (if applicable).The site has easy and convenient access to two key arterial highways, US Route 17 (MarineBoulevard) and Western Boulevard. US 17 provides access to New Bern, 36 lies to the North andWilmington, 50 miles to the South. The site is approximately two miles north of State Hwy 24, whichis the primary route between Jacksonville and the nearby cities of Swansboro, Morehead City andBeaufort.

Situated close to Western Boulevard, but tucked sufficiently back in a residential neighborhood, thesite offers accessible ingress and egress to the city and surrounding neighborhoods without beingnegatively impacted by traffic volume or noise.

Many improvements to the road systems in and around Jacksonville are in the works toaccommodate the areas continuing growth in population and commerce. Currently, construction isunderway on Route 17 between Jacksonville and Wilmington to make the two-lane highway into afour-lane highway. Completion is set for early in the year 2005. The "Kenansville bypass" provides adirect four-lane highway from Jacksonville to I-40. This bypass increases traffic safety anddecreases travel time within coastal North Carolina. A Route 17 by-pass is planned to divert heavyinterstate traffic from the existing U.S. Route 17 in Jacksonville. The bypass will stretch from CampGeiger to North Jacksonville. This bypass will tie in to Route 258/NC 24 by 2004.The Onslow United Transit System, Inc. (OUTS), a private nonprofit, provides low costtransportation in Onslow County and is the community transportation provider for Onslow County.Primary services include transportation services for elderly and disabled clients as well as someemployment transportation. The City of Jacksonville has a fixed-route system that currently runsMonday through Friday 6.00am to 6.00pm and Saturday 10.00am to 6.00pm for the citizens ofJacksonville. There is already an established bus stop/pick up point on Huff Drive, which is close tothe site. If demand is sufficient, the Longbourne Apartments may be included in the fixed-route.

Degree of on-site negative features and physical barriers that will impede project construction oradversely affect future tenants; for example: power transmission lines and towers, flood hazards,steep slopes, large boulders, ravines, year-round streams, wetlands, and other similar features. Foradaptive re-use projects- suitability for residential use and difficulties posed by the building(s), suchas limited parking, environmental problems or the need for excessive demolition.

There are no known on-site negative features and physical barriers that will impede projectconstruction or adversely affect future tenants.

Similarity of scale and aesthetics/architecture between project and surroundings.The developments award winning design was created with the specific purpose of offeringaffordable, safe and attractive garden apartments to low to moderate-income seniors.

The 44-unit one story project consists of 11 blocks of 4 units, each unit with a separate entrance andstorage facilities. All units are handicap accessible. Each building presents as a single family homeand is entirely compatible with other structures in the Bryn Marr area. Centrally located will be theCommunity Building which will house the tenants mail boxes and the office of the on site manager.The placement of the residential buildings and the community building will be such that green spaceis created. Carefully thought out landscaping, parking close to each unit entrance and the erection ofa strategically placed privacy fences around the property, will create the ambience of a market ratesubdivision.

The proposed development will look appropriate in its neighborhood and will complement theexisting housing structures. The development will be similar in scale and aesthetics to thesurrounding neighborhood, more attractive than the majority of existing senior rental stock.

Grocery Store1.0 Community/Senior Center2.0



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Other facilities or services:

Mall/Strip Center0.5 Hospital0.5

Outdoor Athletic Fields1.5 Pharmacy0.5

Day Care/After School1.5 Basic Health Care0.5

Schools1.5 Medical Offices0.5

Public Transportation Stop0.5 Bank/Credit Union0.5

Convenience Store0.5 Restaurants0.5

Basketball/Tennis Courts1.5 Professional Services0.5

Public Parks1.5 Movie Theater1.0

Gas Station1.0 Video Rental0.5

Library3 Public Safety (Fire/Police)1.0

Fitness/Nature Trails1.0 Post Office1.0

Public Swimming Pools3

Supportive services will be provided to all residents living at Longbourne. Targeted populations willinclude those living with disabilities and the homeless. A collaborative approach will be taken to theprovision of supportive services, not only collaborating with a multitude of local communityorganizations and agencies to help provide services and meet the changing needs of individuals andthe community as a whole, but also with the residents themselves who are best able to discern theirown needs.

ECCDIs goals in providing supportive services to the residents of Longbourne will include:1) To promote self-sufficiency and economic independence2) To build community, affording residents a sense of ownership and pride in their neighborhood3) To enhance the quality of life for the residents through such actions as providing educationalinformation and opportunities, health screenings, community building and cultural enrichmentactivities.

There will be a supportive services representative/community resource coordinator responsible forcarrying out the goals of the supportive services. The community resource coordinator will beavailable at the Longbourne Community Center with hours to suit the needs of the residents,including evening and weekend hours as needed. The community resource coordinator will work inconjunction with the on-site manager to ensure the activities of the managing agent and those ofsupportive services providers complement each other.

In addition, Onslow County operates a very proactive senior services center with services includingcaregiver support, adult day care, congregate meals, medication management, diseaseprevention/health promotion, home delivered meals, in-home aide services, legal services, andgeneral and medical transportation. The community resource coordinator and on-site manager willwork closely with senior services to ensure all residents are familiar with and have access to thoseprograms for which they are eligible.

The City of Jacksonville has also recently opened a Senior Citizen/Community Center located in theJacksonville Commons Recreation Complex at 100 Recreation Lane. Adult citizens ages 50 andolder may participate in a wide variety of programs, classes, activities, social events and trips. Thecenter is supervised and staffed exclusively for recreational purposes. This facility offers a widerange of amenities including state of the art Fitness Center, social hall for meetings, parties anddinners, fully equipped kitchen facility, parlor room containing regulation pool table and electronicdarts, community room for classes and activities, 12 passenger luxury vans for exciting day trips,line dancing classes, arts and crafts classes, bridge, dominos, cards and other games, pooltournaments and darts tournaments, table tennis, bingo, crochet group, outdoor shuffleboard courts,dinners and dances, horseshoe pits, computer with internet access, Golden Age Club, AARP

Meetings, Services for the Visually Impaired meetings, and senior games.



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

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

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

state agency?

Has any owner, principal, or management agent been involved in a bankruptcy, an adverse fair housing settlement, an adverse civil rights

settlement, or an adverse federal or state government proceeding and settlement in the past 10 years?

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

project?

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

agreement has been signed?

Has any owner or principal had a Form 8823 filed with the IRS for noncompliance on a project using low-income housing tax credits or

received a letter of non-compliance from the Agency?

Project Team Experience

North Carolina Other States

Projects: 6 0

Units: 272 0

North Carolina Other States

Projects: 49 0

Units: 2,614 0

No

No

No

No

No



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Financing Commitments

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

Does the project have a letter of intent for private permenant financing? Yes

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

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

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

If yes, indicate the type and amount below:

Tax Exempt Financing: $

RD 515 Financing: $

Hope VI Financing: $

Other: $

If Other, specify the type of Federal subsidy:



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Project Operations (Year One)

Projected Operating Costs

Administrative Expenses

Advertising 600

Office Salaries 4,000

Office Supplies 500

Office or Model Apartment Rent

Management Fee 18,480

Manager or Superintendent Salaries 17,000

Manager or Superintendent Rent Free Unit

Legal Expenses (Project)

Auditing Expenses (Project) 4,000

Bookkeeping Fees/Accounting Services

Telephone and Answering Service 1,400

Bad Debts

Other Administrative Expenses (specify):

Miscel admin (e.g. supplies, credit reports etc.)1,500

SUBTOTAL 47,480

Utilities ExpenseFuel Oil

Electricity (Light and Misc. Power) 5,800

Water 5,300

Gas

Sewer 4,900

SUBTOTAL 16,000

Operating and Maintenance Expenses

Janitor and Cleaning Payroll

Janitor and Cleaning Supplies 244

Janitor and Cleaning Contract 2,200

Exterminating Payroll/Contract 385

Exterminating Supplies

Garbage and Trash Removal 2,189

Security Payroll/Contract 300

Grounds Payroll 8,763

Grounds Supplies 790

Grounds Contract 3,061

Repairs Payroll

Repairs Material

Repairs Contract 107

Elevator Maintenance/Contract

Heating/Cooling Repairs and Maintenance 1,218

Swimming Pool Maintenance/Contract

Snow Removal

Decorating Payroll/Contract

Decorating Supplies

Other (specify):

Termite Treatment2,030

Miscellaneous Operating & Maintenance Expenses 88

SUBTOTAL 21,375

Taxes and Insurance

Real Estate Taxes 15,325

Payroll Taxes (FICA) 2,662

Miscellaneous Taxes, Licenses and Permits 0



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Property and Liability Insurance (Hazard) 16,132

Fidelity Bond Insurance 65

Workmen's Compensation 645

Health Insurance and Other Employee Benefits

Other Insurance:

Flood, EUL,5,501

SUBTOTAL 40,330

Supportive Service Expenses

Service Coordinator 4,300

Service Supplies

Tenant Association Funds

Other Expenses (specify):

SUBTOTAL 4,300

Reserves

Replacement Reserves 11,000

SUBTOTAL 11,000

TOTAL OPERATING EXPENSES 140,485

ADJUSTED TOTAL OPERATING EXPENSES(Does not include taxes, reserves and resident support services) *

109,860

TOTAL UNITS(from total units in the Unit Mix section) 44

PER UNIT PER YEAR 2,496



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Design Features

ITEM DESCRIPTION

Foundation/Slab Components Post-tensioned slab, 3000 PSI MIX CODE 3308

Primary Windows Make: Model:Gen ALUM 2100 Series Type/Construction: ALUMINUM VINYL GLASS

Exterior DoorsType: Frames:

6 PANEL STEEL 24GA WOOD

Siding Type: Grade/Thickness:HARDI PLANK 5/16

Warranty: 50 YR

Exterior Trim KOAT 31 PRE PRIMED P.T.

Shingles Type: Weight:GAF TIMBERLINE 225 lbs

Warranty: 30 yr

Sprinkler System NFPA 13R RESIDENTIAL

Cabinets NORMAC 800 CAMELOT WHITE PVC

Heat Pump SEER: Make:12 SEER GOODMAN

Model:

VARIES TO SIZE OFUNIT

Air Conditioner SEER: Make:12 SEER GOODMAN

Model:

VARIES TO SIZE OF

UNIT

Other Heat Systems SEER: Make:12 SEER GOODMAN

Model:

VARIES TO SUITENVIRONMENT(Community Building,Laindry Facilities,Maintenance)



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

Costs - Construction

ITEM LABOR MATERIAL TOTAL

Concrete Footings 0

Backfill-slab, Crawl 0

Slab-concrete/Rebar/Gravel 39,948 39,949 79,897

Waterproofing 27,807 27,808 55,615

Masonry Foundation 21,388 21,388 42,776

Brick Veneer 33,000 33,000 66,000

Steel/Structure/Rails 0

Framing/Lumber/Nails 171,243 171,244 342,487

Trusses 0

Crane Rental 0

Windows/Grilles/Screen 0Exterior Doors 29,385 29,385 58,770

Roofing 24,469 24,469 48,938

Fencing 0

Vinyl Siding/Trim/Box 52,862 52,863 105,725

Gutters/Shutters 0

Insulation 0

Drywall 49,068 49,068 98,136

Interior Doors 0

Int. & Final/Stair/Trim/Shelves 0

Cabinets & Tops 30,800 30,800 61,600

Painting 24,090 24,090 48,180

Marble - Tub/Shwr/Tops 0

Plumbing 42,967 42,967 85,934

Electrical 36,705 36,706 73,411

Heating/Air Conditioning 57,200 57,200 114,400

Floor Covering and Underlayment 26,698 26,698 53,396

Wall Paper 0

Mailboxes/Special Features/Signage 0

Gypcrete 0

Blinds/Shades/Art Work 0

Light Fixtures/Fans 0

Sprinkler System 0

Security Alarm 0

Hardwood Floors 0

Elevator 0

Ceramic Tiles 0

Acoustical Ceilings 0



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Remarks:

Mirror/Shower Door/Encls. 0

Hardware/Bath Access. 0

Appliances 20,250 20,250 40,500

Playground Equipment 0

Interior Clean 0

Exterior Clean/Dumpster Rental 0

Other 1 (specify in Remarks) 4,000 4,000 8,000

Other 2 (specify in Remarks) 13,200 13,200 26,400

Total Cost 705,080 705,085 1,410,165

Other 1: Community Gardens/AmentitiesOther 2: Landscaping Allowance



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

Remarks:

Costs - General

ITEM TOTAL

Supervision 51,823

Job Site Office/Trailer Rental 5,000

Office Supplies 500

Security/Watchman 11,163

Project Signage 1,000

Tools and Equipment 1,500

Gas, Oil, and Maintenance

Temporary Water, Electric, and Telephone 6,000

Storage/Hauling 10,000

Driveway Access Permit

Porta-John Rental/Dumping 2,400Builders Risk Insurance

Re-inspection Fees

Extra Plans and Specifications

Miscellaneous, Casual Labor 8,814

Equipment Rental 7,500

Other 1 (specify in Remarks)

Other 2 (specify in Remarks)

Total Cost 105,700



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This is a detailed breakdown of the Site Improvements cost element you summarized in the Development Costs table (On-siteImprovements). The total should match that roll-up value.

Remarks:

Costs - Improvements

ITEM TOTAL

Subsurface Exploration/Perk Testing/Site Engineering 20,000

Clearing/Grading/Final Grading/Excess and Borrow 97,866

Demolition

Earthwork/Excavation/Aerating

Soil Treatment

Pile Foundations

Caissons

Shoring/Bracing

Site Drainage 15,000

Site Utilities/Site Lighting 35,000

Paving and Surfacing/Curb and Gutter 28,034Walkways

Site Signage 8,500

Parking Lot Painting 10,000

Dumpster Pads/Fencing 5,000

Fencing/Gates 18,000

Landscaping/Topsoil 35,000

Rock and Hardpan Excavation

Site Supervision Personnel

Other (specify in Remarks)

Total Cost 272,400



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

Remarks:

Costs - Bond Costs

ITEM TOTAL

Letter of Credit Fee 0

Credit Enhancement 0

Underwriter Discount 0

Capital Interest Fund 0

Other 1 (specify in Remarks) 0


Total Cost 0



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

Remarks:

Costs - Bond Issuance

ITEM TOTAL

Bond Counsel 0

Issuer Counsel 0

Credit Enhancement/LOC Counsel 0

Underwriter Counsel 0

Developer's Counsel 0

Rating Agency Fee 0

Printing 0

Trustee Fee 0

Trustee Counsel 0

Issuer's Fee 0

Other 1 (specify in Remarks) 0Other 2 (specify in Remarks) 0


Total Cost 0



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MINIMUM REQUIRED SET ASIDES (No Points Awarded):

Minimum Set-Asides

Select one of the following two options:

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

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

If requesting RPP funds:

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

State Tax Credit and QAP Targeting Points:

Moderate Income County:

At least twenty-five percent (25%) of qualified units will be affordable to and occupied by households with incomes at or below fortypercent (40%) of county median income.

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

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

Tax Exempt Bonds

Threshold requirement (select one):

At least ten percent (10%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent(50%) of county median income.

At least five percent (5%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent(40%) of county median income.

Eligible for mortgage subsidy points (select one):

At least twenty percent (20%) of qualified units will be affordable to and occupied by households with incomes at or below fifty percent(50%) of county median income.

At least ten percent(10%) of qualified units will be affordable to and occupied by households with incomes at or below forty percent(40%) of county median income.



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

Full Application Checklist

A Nonprofit Organization Documentation or For-profit Corporation Documentation

B Current Financial Statements/Principals and Owners

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

D Management Agent Agreement

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

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

G Completed IRS Form 8821 (Appendix I)

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

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

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

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

L Site plan, floor plans and elevations

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

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

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

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

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

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

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

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

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

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

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

X Documentation to support estimated utility costs.


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