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Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans
Project Description
Project Name: Raleigh Gardens
Address: 6145-A St. Giles Rd.
City: Raleigh County: Wake Zip: 27612
Census Tract: 525.01 Block Group: 2
Is project in Qualified Census Tract or Difficult to Develop Area? No

Are you requesting the basis boost under section II(E)(4) of the QAP? No
Political Jurisdiction: City of Raleigh

First:Charles Last:
Jurisdiction CEO Name: Title: Mayor
Meeker
Jurisdiction Address: PO Box 590
Jurisdiction City: Raleigh Zip: 27602
Jurisdiction Phone: (919)890-3050
Site Latitude: 35.771
Site Longitude: -78.638
Project Type: Rehab
Is this project a previously awarded tax credit development?

No
New Construction/Adaptive Reuse:

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):

Rehab:
Number of residents holding Section 8 vouchers: 125
Will the project meet Energy Star standards as defined in Appendix B? Yes
Does a community revitalization plan exist? No

Will the project use steel and concrete construction and have at least 4 stories? No
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Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:
Target Population:Family
Will the project be receiving project based federal rental assistance? Yes
If yes, provide the subsidy source: HUD and number of units: 125

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Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: Ashton Raleigh, LP
Address: 7000 Central Parkway, NE, Suite 1100
City: Atlanta State: GA Zip: 30328

Contact: First: Eddy Last:Benoit Title:
Telephone: (678)320-3827
Alt Phone: (678)320-3781
Fax: (770)804-0209
Email Address: ebenoit@ambling.com

NOTE: Email Address above will be used for communication between NCHFA and Applicant.

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Site Description
Total Site Acreage: 15.874 Total Buildable Acreage: 15.874

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? No

If yes, please describe:
Are existing buildings on the site currently occupied? Yes

If yes:
(a) Briefly describe the situation:
The current occupancy level at Raleigh Gardens is 89%. The property is used strictly for affordable housing
for families. During the proposed preservation and renovation, we will not displace any residents. This gives
the residents the least amount of inconvenience. The residents will also be informed of what scope and
schedule of renovations are taking place in their units. A Resident Service Coordinator (RSC) is on staff and
handles all questions, concerns, and notifications. Before construction starts, we send out brochures,
conduct town hall meetings on-site, and disburse notice to all residents. These tools help the residents get
familiar with the process and manage their expectation.
It should also be noted that the current owner has sent letters to each resident informing his potential plan
to opt out of the project based section 8 HAP contract. See attached letter.
(b) Will tenant displacement be temporary? No

(c) Will tenant displacement be permanent? No
Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:
Is any portion of the site located inside the 100 year floodplain? No

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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:

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Site Control
Does the owner have fee simple ownership of the property (site/buildings)?No
If yes provide:
Purchase Date: Purchase Price:
If no:
(a) Does the owner/principal or ownership entity have valid 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?No
If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase: 3/31/2010
(D) Enter Purchase Price: 4,300,000

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Zoning
Present zoning classification of the site:R-10
Is multifamily use permitted?Yes
Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No
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
obtaining them:
Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:
Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:

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Ownership Entity
Owner Name: Ashton Raleigh, LP

Address: 7000 Central Parkway, Suite 1100
City: Atlanta State:GA Zip: 30328
Federal Tax ID Number of Ownership Entity: 20-4048583 (If assigned)

Note: Do not submit social security numbers for individuals.
Entity Type: Limited Partnership
Entity Status: Already Formed
Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? No
Is the applicant requesting that the Agency treat the application as CHDO sponsored? No
List all general partners, members,and principals. Specify nonprofit corporate general partners or members.
Click [Add] to add additional partners, members, and principals.
Org: ADP Raleigh GP, LLC

First Name: Eddy Last Name: Benoit Function: Managing General Partner
Address: 7000 Central Parkway, Suite 1100
City: Atlanta State: GA Zip: 30328
Phone: (678)320-3827 Fax: (770)804-0209
EMail: ebenoit@ambling.com Nonprofit: No

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Unit Mix
The Median Income for Wake county is $76,900.
Low Income Units
Total # Monthly Utility Mandatory **Total

Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.
Gdn Apt 1 561 23 0 523 62 0 585
Gdn Apt 2 799 46 0 587 83 0 670
Gdn Apt 3 1142 24 0 670 105 0 775
Gdn Apt 4 1232 25 0 734 110 0 844
Gdn Apt 1 504 7 7 523 0 0 523
Utilities included in rents: Water/Sewer Electric Gas Other Garbage Removal
Employee Units (will add to Low Income Unit total)

Gdn Apt 2 799 1 0 0 0 0 0
Utilities included in rents: Water/Sewer Electric Gas Other Garbage Removal
Market Rate Units

Utilities included in rents: Water/Sewer Electric Gas Other
Statistics
All Gross Monthly

Units Units Rental Income
Low Income....... 126 7 77122
Market Rate.......
Totals............... 126 7 77122
Proposed number of residential buildings: 14 Maximum number of stories in buildings: 2
Project Includes:
Separate community building - Sq. Ft. (Floor Area): 1,436

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Community space within residential bulding(s) - Sq. Ft. (Floor Area):

2,189
Elevators - Number of Elevators:
Square Footage Information
Gross Floor Square Footage: 111,393
Total Net Sq. Ft. (All Heated Areas): 115,018
Indicate below any additional targeting for special populations proposed for this project:
Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and
state codes.)
Number of Units: 7
Number of Units Required: 14
Persons with disabilities or homeless populations.
Number of Units: 13
Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.
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Targeting
Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to
create another row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.
# BRs Units %
1 30 targeted at 60 percent of median income affordable to
Total Low Income Units: 125
Note: This number should match the total number of low income units in the Unit Mix section.

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Funding Sources
Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service
Bank Loan 4,707,836 7.15 18 30 381,565
RPP Loan
Local Gov. Loan - Specify:
RD 515 Loan
RD 538 Loan - Specify:
AHP Loan
Other Loan 1 - Specify:
Tax Exempt Bonds
State Tax Credit(Loan) 1,090,459 0 30 30 0
State Tax Credit(Direct Refund)
Equity: Federal LIHTC 4,733,542
Non-Repayable Grant
Equity: Historic Tax Credits
Deferred Developer Fees 372,757
Owner Investment
Other - Specify:
Profits During Construction 0
Total Sources** 10,904,594
* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
Estimated pricing on sale of Federal Tax Credits: $0. 74
Remarks concerning project funding sources:

(Please be sure to include the name of the funding source(s))

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Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only) 3,890,000 3,890,000
2 Demolition (Rehab / Adaptive Reuse only)
3 On-site Improvements 50,000 30,000
4 Rehabilitation 3,321,578 3,321,578
5 Construction of New Building(s)
6 Accessory Building(s)
7 General Requirements (max 6% lines 2-6) 202,295 202,295
8 Contractor Overhead (max 2% lines 2-7) 67,432 67,432
9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 202,295 202,295
10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 227,616 227,616
11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 137,500 137,500
12 Architect's Fee - Inspection 31,250 31,250
13 Engineering Costs 84,670 84,670
SUBTOTAL (lines 1 through 13) 8,214,636
14 Construction Insurance (prorate) 0 0
15 Construction Loan Orig. Fee (prorate) 47,078 47,078
16 Construction Loan Interest (prorate) 370,260 229,025
17 Construction Loan Credit Enhancement (prorate)
18 Construction Period Taxes (prorate)
19 Water, Sewer and Impact Fees 0 0
20 Survey 25,000 25,000
21 Property Appraisal 7,500 7,500
22 Environmental Report 6,500 6,500
23 Market Study 7,500 7,500
24 Bond Costs
25 Bond Issuance Costs
26 Placement Fee
27 Permanent Loan Origination Fee 47,078
28 Permanent Loan Credit Enhancement

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29 Title and Recording 38,166
SUBTOTAL (lines 14 through 29) 549,082
30 Real Estate Attorney 60,000 45,000
31 Other Attorney's Fees 30,000
32 Tax Credit Application Fees (Preliminary and Full) 2,300
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 59,184
34 Cost Certification / Accounting Fees 25,000 25,000
35 Tax Opinion 6,500
36 Organizational (Partnership)
37 Tax Credit Monitoring Fee 87,500
SUBTOTAL (lines 30 through 37) 270,484
38 Furnishings and Equipment 60,000 60,000
39 Relocation Expense 12,500 12,500
40 Developer's Fee 800,000 800,000
41 Additional Contigency (greater of $500/unit or $30,000)
42 Bridge Loan Fee and Bridge Loan Interest 108,398 65,631
43 Building Permits and Bank Inspector 20,495 20,495
44 Rent-up Expense 5,000
45 Tax Credit Admin Fees 0
46 Perm Loan Closing Fees 10,000
SUBTOTAL (lines 38 through 45) 1,016,393
47 Rent up Reserve 32,114
48 Operating Reserve 388,379
49 Tax and Insurance Escrows 23,506
50 Other Reserve (specify)
51 DEVELOPMENT COST (lines 1-49) 10,494,594 3,890,000 5,655,865
52 Less Federally Funded Grant
53 Less Disproportionate Standard
54 Less Nonqualified Nonrecourse Financing
55 Less Historic Tax Credit 0
56 TOTAL ELIGIBLE BASIS 9,545,865 3,890,000 5,655,865
57 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

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58 Basis Before Boost 9,545,865 3,890,000 5,655,865
59 Basis Boost of up to 130% 100.00% 100.00%
60 TOTAL QUALIFIED BASIS 9,545,865 3,890,000 5,655,865
61 Tax Credit Rate 3.50 9.00
62 Federal Tax Credits (maximum $1,300,000) 654,903 136,150 509,028
63 Federal Tax Credits Requested (if less than line 62) 0
64 Land Cost 410,000
65 TOTAL REPLACEMENT COST 10,904,594
FEDERAL TAX CREDITS IF AWARDED 654,903
Comments:
Total Replacement Cost per unit 86,544

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Market Study Information

Please provide a detailed description of the proposed project:
Ashton Raleigh, LP is a proposed rehabilitation of an existing complex located on 15.874 acres at 6145-A
St. Giles Road, Raleigh NC 27612.
This existing project, Raleigh Gardens Apartments, consists of fourteen (14) garden style apartment
buildings containing 125 residential units comprised of thirty (30) one bedroom units that range between
504 and 561 square feet, forty six (46) two bedroom units that are 799 square feet, twenty four (24) three
bedroom units that are 1142 square feet, and twenty-five (25) four bedroom units that are 1232 square feet.
The property has a leasing office onsite and one employee unit.
The building foundation is reinforced concrete on spread footings. The exterior walls are wood frame with
brick veneer. The sloped roofs are covered with asphalt shingles. Unit interiors are wood frame with painted
sheetrock walls. Floors are covered with padded carpeting except the vinyl kitchen and the bathrooms.
Each unit is equipped with a refrigerator, range, washer, and dryer connection, and central heat and air
conditioning. There are trash dumpsters located close to the buildings for convenient trash disposal.
The proposed rehabilitation will be extremely extensive and will raise the quality of living for our residents
tremendously. The proposed rehab includes roof replacement on all 14 buildings and the parking lot will get
an overlay as well as being resealed and striped. Drainage issues will be addressed with any other
landscaping upgrades we will be performing. To increase safety on the property we will be adding new site
lighting plus a fence surrounding the property. Decorative gables and shutters will be added to give the
property a new, fresh appeal and the wood siding will be encased with concrete siding. Proposed changes
to increase energy efficiency include replacing all windows with double pane windows, ventilation, and
energy efficient HVAC units. All of these changes, plus new entry doors for every unit will make Raleigh
Gardens look brand new.
Inside the units we will be replacing all cabinets, countertops and sinks. The HVAC systems will be
upgraded to a 13 seer system. In addition, all residents will enjoy new dishwashers, microwaves, and
disposals which are new amenities we are providing for our residents. Every unit will also receive new
carpeting and floor coverings.
In addition to interior and exterior upgrades, we have budgeted a new community building that will be 1436
square feet. This new community building will be the same construction as the rest of the property so that
the property remains uniform. The new community building will have a laundry room, computer center,
reading room, exercise room, and space for resident activities. We are very excited about this because the
property does not currently have any type of community space nor do they have a laundry facility. We will
also be constructing a new outdoor activity area for the residents which will include a covered pavilion, a
fully equipped picnic area, and a tot lot for the children. Additional site lighting will be added for safety.
Lastly, a minimum of five percent of the units will be renovated to meet applicable handicap requirements
and two percent for sight and hearing impaired. Supportive services and amenities will be added to
compliment the property.
With all of the upgrades and construction of a new community center and outdoor activity area we believe
this will greatly improve the property, but most importantly greatly improve the quality of living for our
residents and provide long term affordable housing to the City of Raleigh for many years.
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:

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Have you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
Athens Gardens Apartments
435 Coleridge Court
Athens, GA 30605
Clark Garden Apartments

110 Carriage Court
Athens, GA 30605
Fayetteville Gardens
2927 Gordon Way
Fayetteville, NC 28303
Salem Garden Apartments

7 Salem Garden Drive
Winston-Salem, NC 27107
Riverside Gardens
575 Baxter Avenue
Macon, GA 31201
Waynesboro Gardens
803 Davis Road
Waynesboro, GA 30830
Merrimac Village
1000 Merrimac Drive, Extension 51
Fitzgerald, GA 31750-8054
Bridgecreek
173 Bowens Mill Hwy.
#CBL
Fitzgerald, GA 31750
Calhoun Gardens
110 Richardson Road, #2A
Calhoun, GA 30701
Phoenix Place
1401 Phoenix Street
Greenwood, SC 29646
Seneca Gardens
819 Laing Court
Seneca, SC 29678
Mauldin Gardens
330 Miller Road
Mauldin, SC 29662
Site Amenities:
Community Building, Resident Computer Center, High Speed Internet Access, Playground, Fitness Station,
Tot Lot, Exercise Room, Picnic Area with Tables and Grills, Vending Area, Reading Room, and Library

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Onsite Activities:
The office provides after school programs for the children.
Landscaping Plans:
A professional landscape architect will be engaged. Improvements will be made to enhance the existing
landscape, including reseeding erosion areas and strenthening existing retaining walls.
Interior Apartment Amenities:

Range, Hood, Refrigerator, Storage Interior/Exterior, Washer/Dryer Hookup, Mini Blinds, Ceiling Fans,
Carpet, Vinyl, Ceramic Tile, Central Air/Heat Pump
Do you plan to submit additional market data (market study, etc.) that you want considered? No
If yes, please make sure to include the additional information in your pre-application packet.

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Applicant's Site Evaluation

Briefly describe your site in each of the following categories:
NEIGHBORHOOD CHARACTERISTICS
Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
Raleigh is the capital of North Carolina with a population nearing 320,000. It has and always will be a
flourishing city. If you include the entire Raleigh/Durham/Chapel Hill area the population expands
tremedously to 1.2 million, making Raleigh one of the largest and most successful cities in North Carolina.
According 2000 Cencus the city of Raleigh's population was around 276,000 which represents a large
increase over the past five years. Also, since 2000 the average price of a new single family home has risen
from $131,000 to $137,000.
SURROUNDING LAND USES AND AMENITIES
Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
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, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. Raleigh Gardens is located one block off of Glenwood Ave., one of
the major streets in Raleigh. The land surrounding the property is utilized by multifamily housing, single
family dwellings, and commercial space. Crabtree Valley Mall is located less than a mile from the property
and offers a wide variety of off-site services and amenities. The services include everything from department
stores to vision care. The area also has two other strip malls that have many restaurants and specialty
stores. All basic services, such as Hospitals or Medical Centers, Banking Institutions, Grocery Stores, Gas
Stations, Post Office, Library and Schools are located within two miles of the property. With all of the services
surrounding the area it makes it a very populated location but it does not get bogged down with heavy traffic.
There are no negative off-site characteristics near the property.
SITE SUITABILITY
Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. Raleigh Gardens is accessible one block off a major road (Glenwood
Avenue). There is adequate signage to direct residents and visitors to the property. There is a city bus stop at
the entrance of the property.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
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 (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
No negative on-site features or physical barriers such as power lines, flood hazards, boulders, ravines, etc.
exist on or near the property.

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Similarity of scale and aesthetics/architecture between project and surroundings.

There are similarities between Raleigh Gardens and the surrounding properties, whether it be residential,
commercial, or institutional. There are three apartment communities adjacent to Raleigh Gardens. This area
is growing and we are proposing to improve and preserve the affordable housing in this area.
For each applicable neighborhood feature, enter distance from project in miles.
2 Grocery Store Community/Senior Center
1 Mall/Strip Center Hospital
3.0 Outdoor Athletic 1.6 Pharmacy

Fields
.5 Day Care/After
Basic Health Care
School
.1 Public Transportation
.5 Schools
Stop
.3 Convenience Store 2.0 Public Parks
.5 Gas Station .5 Library
Other facilities or services:

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Preliminary App Checklist
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.
Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

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City: Raleigh County: Wake Zip: 27612

Census Tract: 525.01 Block Group: 2

Is project in Qualified Census Tract or Difficult to Develop Area? No

Political Jurisdiction: City of Raleigh

Jurisdiction City: Raleigh Zip: 27602

Jurisdiction Phone: (919)890-3050

Site Latitude: 35.771

Site Longitude: -78.638

Project Type: Rehab

Is this project a previously awarded tax credit development?

New Construction/Adaptive Reuse:

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

Does a community revitalization plan exist? No

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City: Atlanta State: GA Zip: 30328

Alt Phone: (678)320-3781

Email Address: ebenoit@ambling.com

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Total Site Acreage: 15.874 Total Buildable Acreage: 15.874

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No

Are existing buildings on the site currently occupied? Yes

(b) Will tenant displacement be temporary? No

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Purchase Date: Purchase Price:

(D) Enter Purchase Price: 4,300,000

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Is multifamily use permitted?Yes

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Owner Name: Ashton Raleigh, LP

Federal Tax ID Number of Ownership Entity: 20-4048583 (If assigned)

Org: ADP Raleigh GP, LLC

Phone: (678)320-3827 Fax: (770)804-0209

EMail: ebenoit@ambling.com Nonprofit: No

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Low Income Units

Total # Monthly Utility Mandatory **Total

Gdn Apt 1 561 23 0 523 62 0 585

Gdn Apt 2 799 46 0 587 83 0 670

Gdn Apt 3 1142 24 0 670 105 0 775

Gdn Apt 4 1232 25 0 734 110 0 844

Gdn Apt 1 504 7 7 523 0 0 523

Utilities included in rents: Water/Sewer Electric Gas Other Garbage Removal

Employee Units (will add to Low Income Unit total)

Total # Monthly Utility Mandatory **Total

Gdn Apt 2 799 1 0 0 0 0 0

Utilities included in rents: Water/Sewer Electric Gas Other Garbage Removal

Market Rate Units

Total # Monthly Utility Mandatory **Total

Utilities included in rents: Water/Sewer Electric Gas Other

All Gross Monthly

Low Income....... 126 7 77122

Totals............... 126 7 77122

Proposed number of residential buildings: 14 Maximum number of stories in buildings: 2

https://www.nchfa.org/Rental/RTCApp/(S(ecegw545t...D5F4D17F8E&SNID=2BBB9350C14C455FA07E21A942BEBF06 (9 of 22)4/8/2009 1:51:08 PM

Community space within residential bulding(s) - Sq. Ft. (Floor Area):

Elevators - Number of Elevators:

Square Footage Information